Checked.be
Active
BE 0524.974.589Private limited company
L'O DE SOURCE
Station(SART) 32 ·4845 Jalhay, Belgium· 13 yrs active
Sector: Full-service restaurants
(56111)
Conclusion
The computed 12-month bankruptcy probability of L'O DE SOURCE is 1.5% (moderate). The 2025 annual accounts show equity of €100k and a net result of €11k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 35% of 12646 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €100k |
| Net result | €11k |
| Better than sector | 35% |
| Active | 13 yrs |
Financial profile
53
/ 100
Mixed profile: strong on stability, weaker on solvency.
All 5 axes are computed from data Checked has read.
Health
51
Profitability
54
Solvency
9
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2013, 13 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
51
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€5k
estimate, not credit advice
Score history
35
2021
43
2022
36
2023
44
2024
51
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.36 (< 1.0)
-10
Quick ratio
Quick ratio 0.29 (< 0.6)
-5
Leverage
Debt/equity 6.57 (> 3.0)
-10
Profitability
ROE 11% (≥ 10%)
+10
Interest coverage
Interest coverage 3.7× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 18-12-2025 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~11.1%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 56, Food and beverage service activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 13.2% | 30.5% | |
| Net result | €11k | €5k | |
| Equity | €100k | €30k | |
| Gross operating margin | €123k | €62k | |
| Staff costs | €31k | €56k |
€88k
+7.6%
21-25
€11k
+57.0%
21-25
€62k
+9.5%
21-25
€761k
-2.5%
21-25
€100k
+12.1%
21-25
€-84k
+0.5%
21-25
€31k
+7.5%
21-25
€2k
+141.1%
21-25
€661k
-4.4%
21-25
€130k
+2.0%
21-25
€530k
-5.3%
21-25
0.36
+4.7%
21-25
0.29
+14.6%
21-25
13.2%
+15.0%
21-25
6.57
-14.7%
21-25
10.8%
+40.1%
21-25
1.4%
+61.1%
21-25
3.65
+9.2%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €88k | €82k | €73k | €82k | €73k |
| Net profit | €11k | €7k | €4k | €20k | €27k |
| Cash flow | €62k | €57k | €50k | €60k | €61k |
| Staff costs | €31k | €29k | €30k | €27k | - |
| Income taxes | €2k | €829 | €528 | €2k | €2k |
| Dividends | - | - | - | - | - |
| Total assets | €761k | €781k | €802k | €768k | €764k |
| Equity | €100k | €90k | €83k | €79k | €59k |
| Debt | €661k | €691k | €719k | €689k | €705k |
| of which ≤ 1y | €130k | €128k | €126k | €91k | €78k |
| of which > 1y | €530k | €560k | €590k | €596k | €625k |
| Working capital | €-84k | €-84k | €-83k | €-59k | €-25k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.36 | 0.34 | 0.34 | 0.35 | 0.68 |
| Quick ratio | 0.29 | 0.25 | 0.26 | 0.23 | 0.54 |
| Working capital ratio | -11.0% | -10.8% | -10.4% | -7.7% | -3.3% |
| Solvency | 13.2% | 11.5% | 10.3% | 10.3% | 7.7% |
| Debt / equity | 6.57 | 7.71 | 8.68 | 8.72 | 10.65 |
| Long-term debt ratio | 5.28 | 6.24 | 7.12 | 7.55 | 10.65 |
| Interest coverage | 3.65 | 3.34 | 3.21 | 3.98 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 1.4% | 0.9% | 0.5% | 2.6% | 3.5% |
| ROE | 10.8% | 7.7% | 4.6% | 25.7% | 45.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €761k | €781k | €802k | €768k | €764k |
| Fixed assets | 21/28 | €715k | €737k | €759k | €736k | €711k |
| Tangible fixed assets | 22/27 | €715k | €737k | €759k | €735k | €710k |
| Financial fixed assets | 28 | - | - | - | €260 | €260 |
| Current assets | 29/58 | €46k | €43k | €42k | €32k | €53k |
| Stocks & contracts in progress | 3 | €9k | €11k | €10k | €11k | €11k |
| Amounts receivable within one year | 40/41 | €1k | €3k | €110 | €2k | €2k |
| Cash & bank | 54/58 | €34k | €26k | €31k | €17k | €38k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €761k | €781k | €802k | €768k | €764k |
| Equity | 10/15 | €100k | €90k | €83k | €79k | €59k |
| Contributions / capital | 10/11 | €20k | €20k | €20k | €20k | - |
| Reserves | 13 | €71k | €60k | €54k | €50k | €30k |
| Accumulated profits (losses) | 14 | €9k | €9k | €9k | €9k | €9k |
| Amounts payable | 17/49 | €661k | €691k | €719k | €689k | €705k |
| Amounts payable after one year | 17 | €530k | €560k | €590k | €596k | €625k |
| Amounts payable within one year | 42/48 | €130k | €128k | €126k | €91k | €78k |
| Trade debts payable within one year | 44 | €10k | €8k | €10k | €4k | €4k |
| Income statement | ||||||
| Gross operating margin | 9900 | €123k | €115k | €109k | €115k | €84k |
| Operating result | 9901 | €37k | €32k | €27k | €43k | €38k |
| Financial income | 75 | €377 | €377 | €75 | €282 | €333 |
| Financial charges | 65 | €24k | €25k | €23k | €21k | €19k |
| Result before taxes | 9903 | €13k | €8k | €4k | €22k | €20k |
| Income taxes | 67/77 | €2k | €829 | €528 | €2k | €2k |
| Net result for the period | 9904 | €11k | €7k | €4k | €20k | €18k |
| Result to be appropriated | 9905 | €11k | €7k | €4k | €20k | €18k |
Legal Structure
| NACE primary | Full-service restaurants(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 29-03-2013 |
| Status | Active |
| Postal code | 4845 |
Establishment units
L'O DE SOURCE
since 20132.218.372.281
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63068B3107/00B000 | Wallonia | 4,298 m² | 1 · 296 m² | 14.1 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-09
Financial
Equity above €100kEq €100k ▲12.1%
5 profitable years in a row build equity to €100k.
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-09
Financial
Weakest financial yearnet €4k ▼81.3%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
2022
15-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
18-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Full-service restaurants56101Full-service restaurants56111Event catering56210Cafés and bars56301Other amusement and recreation activities93299
Names & trade names
| Legal nameFR | L'O DE SOURCE |
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