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CLEARSOURCE

Active Private limited companyfounded 2005active for 21 yearsLangestraat 90, 1150 Woluwe-Saint-PierreKBO/BCE: BE 0876.098.555
CLEARSOURCE
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Overview

Lifetime

20 annual accounts with figures on one time axis
peak €2.3m (2008)
€170,669▼ 53.4%
lowest -€56,656 (2020)
€113,174▼ 26.8%
peak €742,876 (2010)
€635,922▲ 21.6%
€426,035▼ 40.2%
peak 19.1 FTE (2019)
-not published
Board3 names since 2021
1 directorMuriel BRAGARD
Owners3 names in the annual accounts
  
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €366,632 to €170,669Result from €154,532 to €113,174Equity from €522,748 to €635,922Debts from €712,360 to €426,035Cash from €550,749 to €256,932

Key points

from the 2025 annual accounts

Equity

€635,922 ▲ 21.6%

CLEARSOURCE has made a profit without a break since 2021.

Turnover

≈ €270,000 estimated

The accounts state no turnover.

Filings

20 annual accounts 21 filings since 2006
AprilJune31 JulyOctober2010201520202025

Ten of the last ten came late. The 2019 accounts came latest: 83 days after the end of the period.

Checked score

95
Excellent
Financially stronger than 58% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.2%▲ +0.1 percentage points vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025highest value 09-2025: < 0.1%▼ -0.3 percentage points vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: 0.1%▲ +0.1 percentage points vs 07-2026 09-2026: < 0.1%▼ -0.1 percentage points vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

85+18equity 59.9% of total assets
68-13short-term debt 29.6% · cash 24.2%
82-2return on assets 10.7%

Score breakdown

raises risk
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
lowers risk
Liquidity: current ratio 3.38, cash €256,932, halved
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €1.1m
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 55% of them on solvency, 60% on liquidity, 49% on profitability and 68% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 20,137 companies had the same profile as CLEARSOURCE has now. Each dot stands for 51 companies, two years later.

95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of CLEARSOURCE itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 20,137 companies, not a prediction for CLEARSOURCE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €60,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 3.38 (2.48 in 2024), above the usual 1.5. Short-term debt is 29.6% and cash 24.2% of total assets. 40.1% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 31 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Liquidity: current ratio 3.38, cash €256,932, halved
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Size: total assets €1.1m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
29 days late
2023
61 days late
2022
23 days late
2021
52 days late
2020
61 days late
2019
83 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 49 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

MB
Muriel BRAGARD
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0876098555
Appointment: Muriel BRAGARD (statutory director) Cancellation of 3,720 shares · Reappointment: Muriel BRAGARD (statutory director) · “prévoir la consultance en recrutement” (deed in French) · General meeting of 19-12-2023 · Gazette deed
Resignations: Alban GAFFORI (director) and Nicolas CHRISTIDIS (director) Director discharge: Alban GAFFORI · Director discharge: Nicolas CHRISTIDIS · General meeting of 09-10-2023 · Gazette deed
First establishment Tervurenlaan 412, Woluwe-Saint-Pierre
All 31 events

Comparable companies

same main activity, similar in size and age
Company
CLEARSOURCE Woluwe-Saint-Pierre €1.1m €170,669 59.9% -
MORISET Woluwe-Saint-Pierre €1.1m €167,114 56.1% -
WEAM Brussels €1.0m €152,589 75.7% -
CCSA SERVICES Berchem-Sainte-Agathe €1.2m €185,217 39.3% -
JAPPELOUP Brussels €1.2m €190,047 60.9% -
TREETOP Watermael-Boitsfort €0.9m €152,638 46.0% -
ECOGESO Uccle €1.1m €209,602 67.4% -

These companies have the same main activity as CLEARSOURCE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €896,000 and €1.2m, founded between 2004 and 2007.

Official details

Source: KBO
Status
Active since 16-09-2005Normal situation
Activity
Business and other management consultancyNACE 70200and 1 other
Establishment unit
2.149.507.6271150 Woluwe-Saint-Pierre, since 20-10-2005
Financial year end
31 December
Peppol
Reachable since 17-12-2025
Company details

Annual accounts 2025

€170,669▼ 53.4%
€113,174▼ 26.8%
€635,922▲ 21.6%
€1.1m▼ 14.0%
Filing
Filed on 31-08-2026
Financials

Insights on CLEARSOURCE

CLEARSOURCE files the abbreviated format. That format states no turnover. The gross margin fell from €820,874 in 2006 to €170,669 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 31-08-2026, 31 days late
€170,669
▼ 53.4%
€164,351
▼ 22.9%
€164,946
▼ 22.9%
€113,768
▼ 26.7%
59.9%
▲ 17.6 percentage points
3.38
▲ 0.91

The turnover shown is an estimate from the gross margin.

Turnover ≈ €270,000. Estimated: probably between €220,000 and €360,000.

Money flows

no detail for 2025

Balance sheet

balance sheet total €1.1m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

59.9%

Higher than 57% of 10,856 companies in 2025.

3.38

Higher than 71% of 10,478 companies in 2025.

10.7%

Higher than 66% of 10,725 companies in 2025.

CLEARSOURCE Middle half of the sector 80% of the sector Abbreviated accounts in head offices and management consultancy (NACE 70)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 1.1m1.2m1.2m1.7m1.8m1.9m3.0m2.8m2.5m2.0m1.1m1.9m2.3m2.6m2.8m2.3m1.8m2.3m2.0m1.4m
20 ----------0000000---
21/28 -59456,85790,76388,549177,580193,488220,614230,10095,84192,24593,812128,801144,534167,434173,7879,54611,88510,5761,227
21 ------6,76013,52020,28027,1541,0404,41810,90415,76820,62917,8621,9372,582--
22/27 -59456,85790,76365,549154,580163,728184,094186,82044,13765,60963,85392,487103,519121,775131,2107,6099,30310,5761,227
22 ----------0000000---
23 -5941,9073,0573,68868,91055,48958,64637,31838,27458,18049,61665,60366,19065,06860,338806648--
24 --29,50545,36761,86185,670108,239125,448149,5025,8647,42814,23726,88437,32956,70770,8726,8038,65510,5761,227
26 --25,44542,340------0000000---
27 ----------0000000---
28 ----23,00023,00023,00023,00023,00024,55125,59725,54025,41025,24725,03024,7150---
29/58 1.1m1.2m1.2m1.6m1.8m1.8m2.8m2.5m2.2m1.9m986,4661.8m2.1m2.4m2.6m2.1m1.8m2.3m2.0m1.4m
29 ------------00000---
290 ----------0000000---
291 ----------0000000---
3 ----------0000000---
30/36 ----------0000000---
37 ----------0000000---
40/41 800,674679,450954,0111.4m1.7m1.6m2.7m2.5m2.1m1.8m865,2591.7m1.9m2.1m2.5m2.0m1.8m2.2m1.9m1.4m
40 773,781679,450940,7141.4m1.7m1.6m2.7m2.5m2.1m1.8m771,3741.5m1.8m1.9m2.2m1.9m1.6m2.2m1.8m1.4m
41 26,893-13,29746346346319,87414,80131,942-93,885159,904136,218210,603249,325196,731148,28020,504132,4881,945
50/53 ----------0000000---
54/58 256,932550,749222,313134,70679,499142,09194,192131136,114126,111104,703115,422153,112286,429124,48571,43418,310118,29819,68087
490/1 4,3514,3156,40136,0848,26616,98016,24121,80421,3354,12616,50413,33139,18424,67322,76011,1014,8362,4582,931791
Balance sheet: equity and liabilities
10/49 1.1m1.2m1.2m1.7m1.8m1.9m3.0m2.8m2.5m2.0m1.1m1.9m2.3m2.6m2.8m2.3m1.8m2.3m2.0m1.4m
10/15 635,922522,748368,216342,033156,722145,243191,795142,31469,84928,248109,162158,011284,963353,752540,780742,876180,212242,5588,0658,101
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,6007,0007,0007,0007,0007,0006,2006,2006,2006,2006,2006,200
100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 ---------11,60011,60011,60011,60011,60012,40012,40012,40012,40012,40012,400
11 ----------0000000---
1100/10 ----------0000000---
12 ----------0000000---
13 1,8601,8601,8601,8601,8601,8601,8601,8601,8602,162102,162146,860276,860341,860531,860735,8601,8601,8601,8601,860
130/1 1,8601,8601,8601,8601,8601,860------00000---
130 ------1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
1311 1,8601,8601,8601,8601,8601,860--------------
1312 ----------0000000---
1319 ----------0000000---
132 ----------0000000---
133 ---------302100,302145,000275,000340,000530,000734,0000---
14 611,988498,815344,283318,100121,12297,976154,63195,25432,49819,08604,1511,1034,8922,720816172,152234,498541
15 3,4733,4733,4733,47315,14026,80716,70426,60016,891-0000000---
19 ------------00000---
16 ------------00000---
160/5 ----------0000000---
168 ----------0000000---
17/49 426,035712,360871,3651.3m1.7m1.8m2.8m2.6m2.4m2.0m969,5491.8m2.0m2.2m2.2m1.6m1.6m2.1m2.0m1.4m
17 112,219213,64820,66828,55621,500-6,39444,49182,136---51,144110,27831,08653,0290---
170/4 92,219163,64820,66828,55621,500-6,39444,49182,136---51,144110,27831,08653,0290---
175 ----------0000000---
176 ----------0000000---
178/9 20,00050,000--------0000000---
42/48 313,817498,712849,6341.3m1.6m1.7m2.7m2.5m2.3m2.0m944,5491.7m1.9m2.1m2.2m1.5m1.6m2.1m2.0m1.4m
42 71,42983,0209,2199,011-121,964166,91176,02337,198-051,14459,13470,80821,94321,9430---
43 --245,586432,215727,872689,0001.3m1.1m840,976770,530-703,233834,192967,3451.1m467,356432,970776,337436,030349,985
430/8 --245,586432,215727,872689,0001.3m1.1m840,976770,5300703,233834,192967,3451.1m467,356432,970776,337436,03019,669
439 ----------0000000--330,316
44 234,469378,793481,867562,736725,833711,0461.0m882,172952,877768,447629,702653,123696,105637,685727,809770,827477,513499,893519,581385,102
440/4 234,469378,793481,867562,736725,833711,0461.0m882,172952,877768,447629,702653,123696,105637,685727,809770,827477,513499,893519,581385,102
441 ----------0000000---
46 -------150,000150,000150,0000000086,3000---
45 7,12536,220112,841189,944105,638192,408275,632248,295224,256184,623149,452134,348188,34382,774186,713162,543126,530174,381380,558281,601
450/3 7,12536,220112,841172,74460,29288,359113,021118,873107,09691,87782,230119,585134,53838,039102,880101,29197,415123,162325,890254,986
454/9 ---17,20045,346104,050162,611129,422117,16192,74667,22214,76353,80544,73583,83361,25229,11551,21954,66826,615
47/48 79467912096,400--8,00020,00067,59797,651165,395194,435138,136346,466199,9350579,297611,019634,447368,827
492/3 --1,0631,100108,25968,19656,32597,08249,12525,00025,00025,00000000---
Income statement
70 ----------000000011.0m8.1m3.9m
76A -5,557--------0000002,155-32458
9900 170,669366,632364,615871,203634,791874,9991.7m1.5m1.3m1.2m753,590799,2961.2m1.4m1.9m1.7m1.5m2.3m1.8m820,874
60/61 ----------00000008.8m6.4m3.1m
62 2,18180,330262,591405,616496,106772,9901.3m1.2m1.1m871,233485,304417,002643,225748,753937,341545,010418,936678,651505,565171,050
630 59459633,90727,25933,57981,88377,14267,75365,63838,51036,96338,65530,10844,37241,37735,6375,2224,4363,269217
631/4 ----------0000000---
635/8 ----------0000000---
640/8 3,54311,20511,59810,10645,27943,08342,12541,15238,67926,24727,58452,42728,02116,57016,5695,1223,6111,729880527
649 ----------0000000---
66A -61,223-4131,525-2,140-3,376-1,897-3,170-000001051661,3005025
9901 164,351213,27956,520427,81058,302-20,817207,183151,83297,758226,932203,739291,212485,573602,908915,2301.1m1.1m1.6m1.2m649,080
75/76B 316,3225,36512,75914,42620,7149,89710,0983,6153,0561,2436656193,4372,10628,4342151,61621842
75 316,3225,36512,75914,42620,7149,89710,0983,6153,0561,2436656193,4372,10628,4342151,61621842
65/66B 12,07418,21729,64937,90430,69653,50449,86743,74851,85458,03845,45353,38366,16878,19991,03280,81371,592146,680107,53151,129
65 12,07418,21729,64937,90430,69653,50449,86743,74851,85458,03845,45353,38366,16878,19991,03280,81371,592146,680107,53151,129
9903 152,281211,38332,236402,66442,032-53,607167,213118,18149,519171,950159,530238,494420,024528,146826,3041.0m1.0m1.4m1.1m598,026
67/77 39,10756,8526,053105,68618,8863,04867,83555,42536,409152,86363,37990,446148,812185,974294,400286,642355,138499,130389,900211,333
9904 113,174154,53226,183296,97823,146-56,65699,37762,75613,11019,08696,151148,048271,211342,172531,904734,807681,415937,971746,373386,693
789 ----------0000000---
689 ----------0000000---
9905 113,174154,53226,183296,97823,146-56,65699,37762,75613,11019,08696,151148,048271,211342,172531,904734,807681,415937,971746,373386,693
Appropriation of the result
9906 611,988498,815344,283418,100121,12297,976194,63195,25432,19619,086100,302149,151276,103344,892532,720906,959915,914937,976746,414404,543
14P 498,815344,283318,100121,12297,976---------------
791/2 --------302100,000145,000275,000340,000530,000734,00000---
691/2 ----------100,302145,000275,000340,000530,000734,000234,494---
691 ----------000000234,494---
6920 ----------0000000---
6921 ----------100,302145,000275,000340,000530,000734,0000---
694/7 ---100,000--40,000--100,000145,000275,000340,000530,000734,000172,143509,268703,478746,409404,502
694 ---100,000--40,000--100,000145,000275,000340,000530,000734,000172,143509,268703,478746,409404,502
695 ----------0000000---
Social balance sheet
9087 ---4.97.517.319.116.716.513.78.76.37.47.66.46.45.35.73.72.9
Hours worked1013 ---7,79011,31316,86730,69128,72227,64023,27814,60110,58812,09512,02711,32510,7398,4709,4625,8484,541
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for financial year 2006 were filed as a document without figures as data, a scan for example.

The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00491948.

Financial year Type Filed Reference Document
31-12-2025 abbreviated format 31-08-2026 2026-00491948 PDF
31-12-2024 full format 29-08-2025 2025-00451688 PDF
31-12-2023 full format 30-09-2024 2024-00488827 PDF
31-12-2022 full format 23-08-2023 2023-00364155 PDF
31-12-2021 full format 21-09-2022 2022-20433834 PDF
31-12-2020 full format 30-09-2021 2021-71000354 PDF
31-12-2019 full format 22-10-2020 2020-62900538 PDF
31-12-2018 full format 28-08-2019 2019-56300076 PDF
31-12-2017 full format 04-09-2018 2018-62200338 PDF
31-12-2016 micro format 30-09-2017 2017-65600356 PDF
31-12-2015 full format 19-07-2016 2016-33500247 PDF
31-12-2014 full format 31-07-2015 2015-38900013 PDF
31-12-2013 full format 07-07-2014 2014-29000369 PDF
31-12-2012 full format 07-08-2013 2013-40400503 PDF
31-12-2011 full format 14-06-2012 2012-17100160 PDF
31-12-2010 full format 17-08-2011 2011-40500297 PDF
31-12-2009 full format 18-06-2010 2010-18600266 PDF
31-12-2008 full format 16-06-2009 2009-23800079 PDF
31-12-2007 full format 09-06-2008 2008-20300301 PDF
31-12-2006 full format 14-06-2007 2007-22800091 PDF
31-03-2006 full format 23-10-2006 2006-84405270 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
164,946213,87590,427455,06891,88161,066284,325219,585163,396265,442240,703329,866515,680647,280956,6071.1m1.1m1.6m1.2m649,297
113,768155,12860,090324,23756,72525,228176,519130,50978,74857,597133,114186,703301,319386,544573,281770,443686,637942,407749,642386,910
0-55,666052,47393865,97650,01658,267201,44743,17835,3963,66614,37521,47235,024199,8782,8835,74512,6182,344
-293,816328,43687,60755,207-62,59247,89994,061-135,98210,00221,409-10,719-37,690-133,318161,94453,05153,125-99,98898,61819,593-
748,141735,802333,091280,927197,93235,85961,02563,273-28,990-42,59341,91789,199207,306319,496404,432622,118170,666230,673-2,5116,874
-----------------14.4%15.3%16.6%
59.9%42.3%29.7%20.6%8.5%7.5%6.4%5.2%2.8%1.4%10.1%8.2%12.7%13.8%19.5%32.2%10.0%10.5%0.4%0.6%
3.382.481.391.221.131.021.021.030.990.981.041.051.111.151.181.411.111.111.001.00
0.671.362.373.8610.7812.2714.6518.3534.4270.678.8811.156.906.264.132.108.978.50--
17.8%29.6%7.1%86.8%14.8%-39.0%51.8%44.1%18.8%67.6%88.1%93.7%95.2%96.7%98.4%98.9%378.1%386.7%--
10.7%12.5%2.1%17.9%1.3%-2.9%3.3%2.3%0.5%0.9%8.9%7.7%12.0%13.3%19.2%31.9%37.9%40.7%37.7%27.7%
13.6611.743.0512.012.99---------------
-----------------71 days81 days130 days
-----------------21 days30 days46 days

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202231-12-2021
Employees at the balance-sheet date46
full-time46
in full-time equivalents46
4.97.5
On a permanent contract46
Joined66
Left813

Source: social balance sheet in the 2021 to 2022 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets---€52,473€938
€594€596€33,907€27,259€33,579

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on CLEARSOURCE

The operating result for 2025 is 23% lower than in 2024.

Debt's share of the balance-sheet total falls from 57.7% to 40.1%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, last change in 2023
Muriel BRAGARD
Statutory director
appointed by deed of 29-12-2023 term for the life of the company
listed in the 2025 annual accounts, filed on 31-08-2026

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
Muriel BRAGARD
Statutory director
Alban GAFFORI
Director
Nicolas CHRISTIDIS
Director
BoardEarliermandate already running before its first mention
Mandates as a list
  • Muriel BRAGARD
    • Statutory director, since before 31-12-2021
  • Alban GAFFORI
    • Director, from before 31-12-2021 to 13-12-2023
  • Nicolas CHRISTIDIS
    • Director, from before 31-12-2021 to 13-12-2023

See the board, name and registered office on a given date →

Control

Shareholder
FIND IT CONSULTING
Equity €8,060
Profit €73,100 in 2025 (profit €52,369 in 2024)
Checked score 90
Source: accounts FIND IT CONSULTING 2022
20%
This company
CLEARSOURCE
Equity €635,922
Profit €113,174 in 2025

Capital

Contribution
€18,600
Shares
14,880
Contribution per share
€1.25
Equity per share
€42.74 in 2025
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
FIND IT CONSULTING
23.05%20%
20%
MB AGENCY
16%48%
48% until 2021
EVALU CONSULTING
20%
20% until 2020
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 29-12-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Tuesday of April at 15:00

Network & group

No group

CLEARSOURCE has no parent and no holdings in its annual accounts. Muriel BRAGARD is the only director.

At the same address

Langestraat 90, 1150 Woluwe-Saint-Pierre · 2 other companies
MB AGENCY
registered office since 10-07-2008 · founded in 2008
 total assets €1.3m (2025)
0899.177.924
DE LIMOGES
registered office since 01-06-2018 · founded in 2018
 total assets €29,871 (2025)
0697.563.325

Connections & network

1 current director
Depth

The network starts from the directors of CLEARSOURCE. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

31 events since 2005

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 31 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0876098555
Annual accounts 2024 filed PDFfull format · 29 days late
2024
Annual accounts 2023 filed PDFfull format · 61 days late
2023
Appointment: Muriel BRAGARD (statutory director)Cancellation of 3,720 shares · Reappointment: Muriel BRAGARD (statutory director) · “prévoir la consultance en recrutement” (deed in French) · General meeting of 19-12-20235 points ▸
  • Director appointment, Muriel BRAGARD (statutory director)
  • Director reappointment, Muriel BRAGARD (statutory director)
  • General meeting, 19-12-2023
  • Purpose change, “prévoir la consultance en recrutement” (deed in French)
  • 14,880 shares
  • The deed holds 8 more points.

Open the deed in the Belgian Official Gazette

Resignations: Alban GAFFORI (director) and Nicolas CHRISTIDIS (director)Director discharge: Alban GAFFORI · Director discharge: Nicolas CHRISTIDIS · General meeting of 09-10-20235 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFfull format · 23 days late
2022
Annual accounts 2021 filed PDFfull format · 52 days late
2021
Back to profit net €23,146 The net result is €23,146, after one loss-making year.
Annual accounts 2020 filed PDFfull format · 61 days late
2020
Weakest financial year net -€56,656 The net result drops to -€56,656, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2019 filed PDFfull format · 83 days late
2019
Annual accounts 2018 filed PDFfull format · 28 days late
2018
Annual accounts 2017 filed PDFfull format · 35 days late
2017
Annual accounts 2016 filed PDFmicro format · 61 days late
2016
Annual accounts 2015 filed PDFfull format · 12 days before the deadline
2015
Annual accounts 2014 filed PDFfull format · on the deadline day
2014
Annual accounts 2013 filed PDFfull format · 24 days before the deadline
2013
Annual accounts 2012 filed PDFfull format · 7 days late
2012
Annual accounts 2011 filed PDFfull format · 47 days before the deadline
2011
Annual accounts 2010 filed PDFfull format · 17 days late
2010
Equity above €500,000 equity €742,876 ▲312% Equity rises from €180,212 to €742,876.
Annual accounts 2009 filed PDFfull format · 43 days before the deadline
2009
Annual accounts 2008 filed PDFfull format · 45 days before the deadline
2008
Highest result from 2006 to 2025 net €937,971 ▲25.7% The operating result of €1.6m and the net result of €937,971 are both a record.
Equity above €200,000 equity €242,558 ▲2,908% Equity rises from €8,065 to €242,558.
Annual accounts 2007 filed PDFfull format · 52 days before the deadline
2007
Annual accounts 2006 filed PDFfull format · 47 days before the deadline
2006
Annual accounts 2006 filed PDFfull format · 8 days before the deadline
2005
First establishment Tervurenlaan 412, Woluwe-Saint-Pierre
Incorporation PDFpublished on 26-09-2005

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

CLEARSOURCE was incorporated on 16 September 2005.1 Total assets fell from €2.8m in 2018 to €1.1m in 2025 and headcount from 16.7 full-time equivalents in 2018 to 4.9 in 2022.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018, 2022 and 2025

Company details

Identity

Enterprise number
0876.098.555
VAT number
BE 0876.098.555
Peppol ID
0208:0876098555
Legal form
Private limited company
Status
Active, normal situation
Founded
16-09-2005
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Tuesday of April at 15:00
deed of 29-12-2023 (in French)
Peppol
Reachable since 17-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
CLEARSOURCE in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 29-12-2023 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale”
deed of 29-12-2023 (in French)

Activities

NACEBEL 2025
70200 Business and other management consultancy main activity
78200 Temporary employment agencies and other provision of personnel
Codes under NACEBEL 2008
70220 Business consulting main activity
78200 Employment activities
78300 Employment activities
Codes under NACEBEL 2003
74142 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“La consultance en ressources humaines, l'évaluation, la gestion de personnel, la présentation/mise à disposition de personnel informatique…”
6 activities
  1. La consultance en ressources humaines, l'évaluation, la gestion de personnel, la présentation/mise à disposition de personnel informatique indépendant pour des contrats de services à terme fixe et la consultance en recrutement.
  2. Elle peut notamment se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne ou société liée ou non.
  3. Elle peut accomplir toutes opérations se rapportant directement ou indirectement à son objet ou qui sont de nature à le réaliser.
  4. Elle peut s'intéresser par toutes votes dans toutes sociétés, associations ou entreprises, tant en Belgique qu'à l'étranger, ayant un objet similaire ou connexe au sien ou susceptible de favoriser le développement de ses activités.
  5. 1. société peut également exercer les fonctions d'administrateur ou de liquidateur dans d'autres sociétés.
  6. Elle peut également octroyer des prêts, avances et crédits, moyennant le respect des dispositions légales en la matière.
deed of 29-12-2023 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Langestraat 90 registered office 1150 Woluwe-Saint-Pierre
Tervurenlaan 412 1150 Woluwe-Saint-Pierre 78100 Employment placement agencies 20-10-2005 2.149.507.627

Buildings and parcels at the addresses

Ground area
2,322 m²
Buildings
832 m²
Volume, LiDAR
10,678 m³
Tallest building
18.8 m
Buildings to scale, each on its own parcel
758 m², 18.8 m 73 m², 12.3 m 758 m², 18.8 m 73 m², 12.3 m

Location

registered office establishment The establishment unit on the map
3 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21682C0149/00M0022,170 m² 1 · 758 m² 18.8 m · 5
21683D0031/00F000152 m² 1 · 73 m² 12.3 m · 3

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