DESIGN SOURCE
ActiveSummary
DESIGN SOURCE has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,966 and a net result of €5,289. Equity remains stable across the filed financial years (±2.1% per year). Its solvency ranks better than 70% of 8,547 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €15,966
- Profit
- €5,289
Why 91raises riskLiquidity: current ratio 3.69lowers riskFounded in 1996Figures for financial year 2025 (filed 04-07-2026)Size: total assets €21,788Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 73, micro): better than 71% on solvency, 71% on liquidity, 75% on profitability and 83% on growth.
The bankruptcy probability was computed on 27-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 13 days after the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2018 to 2025net €5,289 ▲104%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 110% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,368 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €791 | €791 | €791 | €0 | €1,643 | €1,816 | €1,816 | €242 | ▼ 86.7% |
| Other operating charges640/8 | - | - | - | €752 | €758 | €505 | €1,253 | €1,359 | ▲ 8.5% |
| Gross operating margin9900 | -€7,027 | -€12,407 | €713 | -€919 | €5,607 | €3,723 | €5,768 | €7,270 | ▲ 26.0% |
| Operating profit (loss)9901 | -€8,552 | -€13,940 | -€827 | -€1,670 | €3,205 | €1,402 | €2,699 | €5,669 | ▲ 110% |
| Financial income75/76B | - | - | - | €595 | €318 | €492 | €712 | €769 | ▲ 7.9% |
| Recurring financial income75 | - | €1,467 | €156 | €595 | €318 | €492 | €712 | €769 | ▲ 7.9% |
| Financial charges65/66B | - | - | - | €1,156 | €1,178 | €1,190 | €683 | €1,008 | ▲ 47.5% |
| Recurring financial charges65 | €1,463 | €1,204 | €1,117 | €1,156 | €1,178 | €1,190 | €683 | €1,008 | ▲ 47.5% |
| Profit (loss) for the period before taxes9903 | -€9,887 | -€13,676 | -€1,788 | -€2,231 | €2,345 | €703 | €2,727 | €5,430 | ▲ 99.1% |
| Income taxes67/77 | €2 | €371 | €118 | €117 | €120 | €132 | €140 | €141 | ▲ 1.0% |
| Profit (loss) for the period9904 | -€9,889 | -€14,047 | -€1,905 | -€2,348 | €2,226 | €572 | €2,588 | €5,289 | ▲ 104% |
| Profit (loss) for the period to be appropriated9905 | -€9,889 | -€14,047 | -€1,905 | -€2,348 | €2,226 | €572 | €2,588 | €5,289 | ▲ 104% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €27,439 | €12,983 | €13,696 | €12,851 | €12,788 | €14,182 | €16,289 | €21,788 | ▲ 33.8% |
| Fixed assets21/28 | €1,831 | €1,041 | €250 | €250 | €4,155 | €2,338 | €522 | €280 | ▼ 46.4% |
| Tangible fixed assets22/27 | €1,581 | €791 | €0 | - | €3,905 | €2,088 | €272 | €30 | ▼ 89.1% |
| Furniture and vehicles24 | - | - | - | - | €3,905 | €2,088 | €272 | €30 | ▼ 89.1% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €25,608 | €11,942 | €13,446 | €12,601 | €8,633 | €11,844 | €15,767 | €21,509 | ▲ 36.4% |
| Amounts receivable within one year40/41 | €25,094 | €10,475 | €13,295 | €11,779 | €7,484 | €10,439 | €13,652 | €17,871 | ▲ 30.9% |
| Trade receivables40 | - | - | - | €4,498 | €5,823 | €3,345 | €2,320 | €3,951 | ▲ 70.3% |
| Other amounts receivable41 | - | - | - | €7,282 | €1,660 | €7,094 | €11,332 | €13,920 | ▲ 22.8% |
| Deferred charges and accrued income490/1 | - | - | - | €821 | €1,149 | €1,405 | €2,115 | €3,638 | ▲ 72.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €27,439 | €12,983 | €13,696 | €12,851 | €12,788 | €14,182 | €16,289 | €21,788 | ▲ 33.8% |
| Equity10/15 | €23,592 | €9,545 | €7,640 | €5,291 | €7,517 | €8,089 | €10,677 | €15,966 | ▲ 49.5% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €19,432 | €19,432 | €19,432 | €19,432 | €19,432 | €19,432 | €19,432 | €19,432 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €17,573 | €17,573 | €17,573 | €17,573 | €19,432 | ▲ 10.6% |
| Profit (loss) carried forward14 | -€2,040 | -€16,087 | -€17,993 | -€20,341 | -€18,115 | -€17,543 | -€14,955 | -€9,667 | ▲ 35.4% |
| Amounts payable17/49 | €3,847 | €3,438 | €6,056 | €7,559 | €5,271 | €6,094 | €5,612 | €5,823 | ▲ 3.7% |
| Amounts payable within one year42/48 | €3,847 | €3,438 | €6,056 | €7,559 | €5,271 | €6,094 | €5,612 | €5,823 | ▲ 3.7% |
| Financial debts43 | - | - | - | €3,172 | €3,034 | €3,523 | €986 | €1,830 | ▲ 85.6% |
| Credit institutions430/8 | - | - | - | €3,172 | €3,034 | €3,523 | €986 | €1,830 | ▲ 85.6% |
| Trade debts44 | €956 | €1,298 | €1,486 | €1,961 | €1,751 | €2,319 | €4,276 | €3,169 | ▼ 25.9% |
| Suppliers440/4 | - | - | - | €1,961 | €1,751 | €2,319 | €4,276 | €3,169 | ▼ 25.9% |
| Taxes, remuneration and social security45 | - | - | - | €2,427 | €487 | €251 | €350 | €823 | ▲ 135% |
| Taxes450/3 | - | - | - | €2,427 | €487 | €251 | €350 | €823 | ▲ 135% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,889 | -€14,047 | -€1,905 | -€2,348 | €2,226 | €572 | €2,588 | €5,289 | ▲ 104% |
| + Depreciation and write-downs630 | €791 | €791 | €791 | €0 | €1,643 | €1,816 | €1,816 | €242 | ▼ 86.7% |
| Operating cash flow (approximation) | -€9,098 | -€13,256 | -€1,115 | -€2,348 | €3,869 | €2,388 | €4,404 | €5,531 | ▲ 25.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€5,548 | €0 | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 04-07-2026 | 2026-00251870 |
| 31-12-2024 | micro format | 23-08-2025 | 2025-00394931 |
| 31-12-2023 | micro format | 13-07-2024 | 2024-00241829 |
| 31-12-2022 | micro format | 22-08-2023 | 2023-00340550 |
| 31-12-2021 | micro format | 09-08-2022 | 2022-20277524 |
| 31-12-2020 | micro format | 27-08-2021 | 2021-55500287 |
| 31-12-2019 | micro format | 22-09-2020 | 2020-55000296 |
| 31-12-2018 | micro format | 20-08-2019 | 2019-50000421 |
| 31-12-2017 | micro format | 06-07-2018 | 2018-30200037 |
| 31-12-2016 | micro format | 30-06-2017 | 2017-26000487 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 12-06-2024 Capital stated in the deed · 750 shares
Group and network
Connections & network
No directors read yet: 1 of 2 Gazette acts processed.
History
Acts, filings and financial milestones
12-06
Gazette deed
Purpose · Amendment of the articles · Legal-form change · Resignations & appointments · MiscellaneousCapital2 facts ▸
- General meeting, 29-05-2024
- Capital
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11029A0151/00B012 | Flanders | 130 m² | 1 · 71 m² | 11.1 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Rechtstreeks of onrechtstreeks aan haar aandeelhouders een vermogensvoordeel uit te keren of te bezorgen; Grafisch ontwerpen en…” (deed in Dutch)
31 activities (deed in Dutch)
- Rechtstreeks of onrechtstreeks aan haar aandeelhouders een vermogensvoordeel uit te keren of te bezorgen
- Grafisch ontwerpen en reklametekenen;
- Adviesverlening, audit, expertise, consultancy, administratie, beheer, studie, organisatie, informatie en management, van bedrijven, ondernemingen, verenigingen, zelfstandigen, vrije beroepen, particulieren, en vennootschappen, zowel inzake juridische, financiële, fiscale, operationele en sociale aangelegenheden als inzake algemene strategie met uitsluiting van vermogensbeheer.
- Het verrichten van alle werkzaamheden die verband houden met vereffeningen, konkordaten, fusies, splitsingen, inbrengen van bedrijfstakken en herstructureringen van ondernemingen en vennootschappen.
- Functies van oprichter, bestuurder en vereffenaar van andere ondernemingen, verenigingen en vennootschappen uitoefenen.
- Zowel voor eigen rekening, als voor rekening van derden, verwerving, vervreemding, verkoop, exploitatie, verhuur, in huur nemen, onderhoud, verdeling, verkaveling, bouwen en verbouwen en valoriseren van alle onroerende goederen en rechten, met uitzondering van de gereglementeerde activiteiten van vastgoedmakelaar.
- Voor eigen rekening, de verwerving, valorisatie, vervreemding en verhuring van alle roerende goederen, rechten en waarden.
- Aankoop, verkoop, import, export, distributie en trading van alle soorten goederen en grondstoffen.
- De bemiddeling op alle mogelijke vlakken en met alle mogelijke middelen tussen het aanbod van alle mogelijke materiële en immateriële goederen, producten en diensten enerzijds, en de vraag hiernaar anderzijds, inclusief de functie van tussenpersoon in de handel, zoals makelaar in goederen, zelfstandige handelsvertegenwoordiger, en commisionair, met uitzondering van de activiteiten van vastgoedmakelaar en van andere activiteiten waarvoor vergunningen ontbreken.
- Het geven van opleidingen en trainingen in de meest ruime zin;
- Algemene timmer- en schrijnwerken;
- Algemene aannemerswerken;
- Het waterdicht maken van daken en dakterrassen;
- Het plaatsen van dakgoten en regenafvoerbuizen;
- Het plaatsen van dakbedekking van ongeacht welk materiaal;
- Het aanbrengen in gebouwen en andere bouwwerken van thermische isolatie en isolatie tegen geluid en trillingen;
- Het plaatsen van tussenwanden en gipsplaten;
- Het schrijnwerk van hout of van kunststof en metaalschrijnwerk;
- De montage van buiten- en binnenschrijnwerk van hout of van kunststof: deuren, vensters, kozijnen, trappen, muurkasten, inbouwkeukens, winkelinrichtingen;
- De installatie van garagepoorten, luiken, zonneblinden en brandwerende deuren;
- Vloerafwerking, vloerbedekking, aanbrengen van parket en andere vloerbedekking;
- Het schilderen van het binnen- het buitenwerk van gebouwen;
- Het behandelen van muren met vochtwerende en waterafstotende producten;
- Het aanbrengen van glas;
- De installatie van lichtreclames en uithangborden;
- Aanleggen van opritten, paden;
- Laswerken;
- Overige werkzaamheden in verband met afwerking van gebouwen;
- Exploitatie en verhuur van vakantiewoningen en -appartementen en andere accommodatie voor kort verblijf;
- Verschaffen van logies voor kortstondig verblijf in vakantiewoningen en -appartementen, al dan niet in combinatie met het verschaffen van maaltijden;
- Ruiter- en ecotoerisme en activiteiten.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DESIGN SOURCE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bij beslissing van bestuurder(s) administratieve zetels, bijhuizen, agentschappen en kantoren in België en buitenland” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Wanneer een bestuurder in een bepaalde verrichting, rechtstreeks of zijdelings, een persoonlijk belang heeft dat in strijd is met dat van de…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering bepaalt duur functie, één of meer” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Monday of June at 20:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Tenzij algemene vergadering liquidatie toevertrouwt aan één of meer vereffenaars, vereffening door bestuurders in functie” (deed in Dutch)