DIAM SOURCE
ActiveThe file of DIAM SOURCE contains 1 historical bankruptcy publication, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 0.3% (very low). The 2025 annual accounts show negative equity (-€4.5m) and a net result of €332,301. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 8115 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+64
Solvency15▲+15
Growth58▲+26
Track record85
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.91 against 0.61 in 2024; short-term debt: 109.6% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-10.4%
Return on assets
0.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 8115 sector peers (2025).
NBB · sector comparisonPosition among 8115 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
116 d late
2023
57 d late
2022
163 d late
2021
57 d early
2020
3 d early
2019
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€4.5m▲ 6.9%
2024 · -€4.8m
Total assets
€43.5m▲ 480%
2024 · €7.5m
Net result
€332,301
2024 · -€749,223
Working capital
-€4.2m▲ 13.9%
2024 · -€4.8m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€27,414--€830,615▼ 2,930%-€3.4m▼ 305%-€758,683▲ 77.5%€314,343
Net result-€27,824--€850,900▼ 2,958%-€3.4m▼ 298%-€749,223▲ 77.9%€332,301
Equity€143,194--€707,709-€4.1m▼ 478%-€4.8m▼ 18.3%-€4.5m▲ 6.9%
Total assets€10.5m-€10.8m▲ 2.4%€42.9m▲ 298%€7.5m▼ 82.5%€43.5m▲ 480%
Debt€10.4m-€11.5m▲ 10.6%€47.0m▲ 309%€12.3m▼ 73.8%€48.0m▲ 289%
Working capital€141,220--€761,535-€4.1m▼ 444%-€4.8m▼ 17.0%-€4.2m▲ 13.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Total assets +480% on 2024. Cause not known from the registers.
- 2024 Net result +78%, Total assets -83% on 2023. Cause not known from the registers.
- 2023 Net result -298%, Equity -478%, Total assets +298% on 2022. Cause not known from the registers.
- 2022 Net result -2,958% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €314,343 after a loss of €758,683 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43.5m
Fixed assets
€776 ▼ 44.3%
Current assets
€43.5m ▲ 480%
Key figures and ratios
EBITDA
€314,691▲
2024 · -€757,988
Cash flow
€332,649▲
2024 · -€748,528
Solvency
-10.4%▲
2024 · -64.6%
Current ratio
0.91▲
2024 · 0.61
Quick ratio
0.88▲
2024 · 0.48
Debt to equity
-10.64▼
2024 · -2.55
ROA
0.8%▲
2024 · -10.0%
Interest coverage
106.63▲
2024 · -148.61
Debt ≤ 1 year
€47.6m▲
2024 · €12.3m
Income taxes
€7,000▲
2024 · €6,436
Staff costs
€43,088▲
2024 · €12,581
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,021 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 92% are still going.
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
- without size
2.2%
went bankrupt
4.5%
stopped otherwise
92%
still going
A further 1.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,021 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5,457 | - | - | - |
| Remuneration, social security and pensions62 | €18,000 | - | - | €12,581 | €43,088 | ▲ 242% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €994 | €18,609 | €6,118 | €695 | €347 | ▼ 50.0% |
| Other operating charges640/8 | €201 | €43,674 | €1,579 | €4,862 | €2,002 | ▼ 58.8% |
| Non-recurring operating charges66A | - | - | €5,509 | €4,123 | - | - |
| Gross operating margin9900 | -€8,219 | -€768,332 | -€3.4m | -€736,423 | €359,780 | ▲ 149% |
| Operating profit (loss)9901 | -€27,414 | -€830,615 | -€3.4m | -€758,683 | €314,343 | ▲ 141% |
| Financial income75/76B | - | - | €11,875 | €20,997 | €27,909 | ▲ 32.9% |
| Recurring financial income75 | - | - | €11,875 | €20,997 | €27,909 | ▲ 32.9% |
| Financial charges65/66B | €410 | €6,185 | €5,040 | €5,100 | €2,951 | ▼ 42.1% |
| Recurring financial charges65 | €410 | €6,185 | €5,040 | €5,100 | €2,951 | ▼ 42.1% |
| Profit (loss) for the period before taxes9903 | -€27,824 | -€836,800 | -€3.4m | -€742,786 | €339,301 | ▲ 146% |
| Income taxes67/77 | - | €14,100 | €25,500 | €6,436 | €7,000 | ▲ 8.8% |
| Profit (loss) for the period9904 | -€27,824 | -€850,900 | -€3.4m | -€749,223 | €332,301 | ▲ 144% |
| Profit (loss) for the period to be appropriated9905 | -€27,824 | -€850,900 | -€3.4m | -€749,223 | €332,301 | ▲ 144% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.5m | €10.8m | €42.9m | €7.5m | €43.5m | ▲ 480% |
| Fixed assets21/28 | €1,974 | €53,826 | €47,709 | €1,393 | €776 | ▼ 44.3% |
| Tangible fixed assets22/27 | €1,974 | €53,826 | €47,709 | €347 | - | - |
| Plant, machinery and equipment23 | - | €2,022 | €1,042 | €347 | - | - |
| Furniture and vehicles24 | - | €51,804 | €46,666 | - | - | - |
| Other tangible fixed assets26 | €1,974 | - | - | - | - | - |
| Financial fixed assets28 | - | - | - | €1,046 | €776 | ▼ 25.8% |
| Current assets29/58 | €10.5m | €10.7m | €42.9m | €7.5m | €43.5m | ▲ 480% |
| Amounts receivable after more than one year29 | - | €193,120 | €403,120 | €403,120 | €403,120 | = |
| Other amounts receivable291 | - | €193,120 | €403,120 | €403,120 | €403,120 | = |
| Stocks and contracts in progress3 | €10.3m | €8.6m | €1.9m | €1.6m | €1.7m | ▲ 6.6% |
| Stocks30/36 | €10.3m | €8.6m | €1.9m | €1.6m | €1.7m | ▲ 6.6% |
| Amounts receivable within one year40/41 | €251,385 | €1.4m | €40.6m | €5.5m | €41.4m | ▲ 649% |
| Trade receivables40 | €226,663 | €1.4m | €40.5m | €5.3m | €41.1m | ▲ 673% |
| Other amounts receivable41 | €24,722 | €5,065 | €21,724 | €215,542 | €320,784 | ▲ 48.8% |
| Cash at bank and in hand54/58 | €424 | €512,343 | €37,511 | €601 | - | - |
| Deferred charges and accrued income490/1 | - | - | €622 | €3,978 | €758 | ▼ 80.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.5m | €10.8m | €42.9m | €7.5m | €43.5m | ▲ 480% |
| Equity10/15 | €143,194 | -€707,709 | -€4.1m | -€4.8m | -€4.5m | ▲ 6.9% |
| Contributions10/11 | €301,613 | €301,613 | €301,613 | €301,613 | €301,613 | = |
| Capital10 | €301,613 | €301,613 | €301,613 | €301,613 | €301,613 | = |
| Issued capital100 | €301,613 | €301,613 | €301,613 | €301,613 | €301,613 | = |
| Reserves13 | €29,527 | €29,527 | €29,527 | €29,527 | €29,527 | = |
| Non-distributable reserves130/1 | €29,527 | - | - | - | - | - |
| Legal reserve130 | €29,527 | - | - | - | - | - |
| Distributable reserves133 | - | €29,527 | €29,527 | €29,527 | €29,527 | = |
| Profit (loss) carried forward14 | -€187,946 | -€1.0m | -€4.4m | -€5.2m | -€4.8m | ▲ 6.4% |
| Amounts payable17/49 | €10.4m | €11.5m | €47.0m | €12.3m | €48.0m | ▲ 289% |
| Amounts payable within one year42/48 | €10.4m | €11.5m | €47.0m | €12.3m | €47.6m | ▲ 286% |
| Trade debts44 | €10.4m | €11.5m | €47.0m | €12.3m | €47.6m | ▲ 287% |
| Suppliers440/4 | €10.4m | €11.5m | €47.0m | €12.3m | €47.6m | ▲ 287% |
| Taxes, remuneration and social security45 | €2,996 | €14,100 | €39,600 | €18,848 | €23,049 | ▲ 22.3% |
| Taxes450/3 | €2,996 | €14,100 | €39,600 | €15,680 | €23,049 | ▲ 47.0% |
| Remuneration and social security454/9 | - | - | - | €3,168 | - | - |
| Other amounts payable47/48 | €34,175 | €17,735 | €2,677 | €2,677 | €2,677 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | €341,641 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,824 | -€850,900 | -€3.4m | -€749,223 | €332,301 | ▲ 144% |
| + Depreciation and write-downs630 | €994 | €18,609 | €6,118 | €695 | €347 | ▼ 50.0% |
| Operating cash flow (approximation) | -€26,830 | -€832,291 | -€3.4m | -€748,528 | €332,649 | ▲ 144% |
| Investment in fixed assets (approximation) | - | -€70,461 | €0 | €45,621 | €270 | ▼ 99.4% |
| Change in cash | - | €511,919 | -€474,831 | -€36,910 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €332,301
Net result €332,301 after 6 loss-making years.
24-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 116 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
10-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 163 days late
2023
31-12
Financial
Weakest financial yearnet -€3.4m
Net result drops to -€3.4m, the lowest in the series; recovery starts the following year.
2022
04-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
19-05
Bankruptcy
Bankruptcy reversal
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
15 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1991
Ground area
3,154 m²
Building footprint
885 m²
Parcel 11808H1298/00C000, Flanders. Linked by address, not a title deed.
170
companies at this address
See who is registered here
1 establishment unit
Diam Source
since 19912.053.385.773
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1298/00C000 | Flanders | 3,154 m² | 1 · 885 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Antwerpen · Eq €143,041
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BE 0419.705.538
Antwerpen · Eq €141,905
DIAMPREST ANTWERP
BE 0525.731.486
Antwerpen · Eq €144,940
PETER POUSSENIER
BE 0462.625.761
Antwerpen · Eq €145,040
CARAT WORLD EUROPE
BE 0555.918.975
Antwerpen · Eq €146,684
Of 1,230 companies in sector 46861 we hold annual accounts for 685. 399 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-06-1991
Fiscal year end31-12
Activities, NACEBEL 2025
46861Wholesale of diamonds and other precious stones
46180Agents specialised in the wholesale of other particular products
Contact
E-mail
CHOKSI.CHETAN@GMAIL.COMAntwerpen
Phone
0475277778Antwerpen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444444397
Also
9925:BE0444444397
Registered
12-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.