La Source
ActiveSummary
La Source has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130,153 and a net result of -€83,726. Equity has been shrinking by about 15% per year since 2018. If that trend continues, it turns negative around financial year 2027. Its solvency ranks better than 24% of 696 sector peers (NACE 87, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 01-10-1985 Normal situation
- Activity
- Residential care activities NACE 87992
- Establishment unit
- 2.196.495.615 7783 Comines-Warneton, since 01-01-2008
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
Board
- Damien SieuwChair
- BOULEZ CarolineDaily manager
- Xavier DUBOISDirector · since 28-03-2006
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Turnover
- €212,569
- ▼ 12.4%
- Deficit
- €83,726
- ▼ 23.4%
- Equity
- €130,153
- ▼ 39.1%
- Total assets
- €726,456
- ▼ 28.2%
- Employees on 31-12-2025
- 17
- ▼ 10.5%
Score breakdownraises riskLoss of €83,726, the second in a row (financial year 2025)Size: turnover €212,569, 15.9 FTE, total assets €726,456lowers riskLegal form: non-profit associationSector: Residential care activities (NACE 87)Show the evidence
Checked score
Score 2025
89
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 15% of small companies in residential care (NACE 87)
Financial strength · tick: 2024
Weak
Solvency
43-3
equity 17.9% of total assets
Liquidity
38-3
short-term debt 53.5% · cash 12.3%
Profitability
6+3
return on assets -11.5%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
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: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026lowest value
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%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.64 (0.84 in 2024), below 1. Short-term debt is 53.5% and cash 12.3% of total assets. 82.1% of the assets are financed with debt and provisions.
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 87, small). It does better than 23% of them on solvency, 21% on liquidity, 10% on profitability and 8% on growth.
The bankruptcy probability was computed on 04-11-2026 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).
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€83,726
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 696 sector peers (2025).
NBB · sector comparisonPosition among 696 sector peers
Solvency
better than 24%
← 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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
21 days early
2023
59 days late
2022
12 days early
2021
4 days early
2020
16 days early
2019
55 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 4 days after the deadline. In the sector (NACE 87), the median for financial year 2024 was 27 days before the deadline, and 25% 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 19 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 15 filings
Turnover
€212,569▼ 12.4%
2024 · €242,616
EBIT margin
-29.9%▲ 8.5pp
2024 · -38.4%
Net result
-€83,726▲ 23.4%
2024 · -€109,311
Working capital
-€141,644▼ 56.0%
2024 · -€90,821
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€212,569
▼ 12.4%
2025
20182025
Operating result
-€63,552
▲ 31.8%
2025
20182025
Net result
-€83,726
▲ 23.4%
2025
lowest quarter of the sector
20182025
EBIT margin
-29.9%
▲ 8.5pp
2025
20182025
Equity
€130,153
▼ 39.1%
2025
lowest quarter of the sector
20182025
Total assets
€726,456
▼ 28.2%
2025
lowest quarter of the sector
20182025
Debt
€596,303
▼ 25.3%
2025
20182025
Working capital
-€141,644
▼ 56.0%
2025
lowest quarter of the sector
20182025
Solvency
17.9%
▼ 3.2pp
2025
lowest quarter of the sector
20182025
Current ratio
0.64
▼ 0.21
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-11.5%
▼ 0.7pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
15.9
▼ 5.4%
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.3m-€0.3m▼ 1.5%€0.2m▼ 15.2%€0.2m▼ 18.4%€0.2m▲ 12.2%€0.2m▲ 0.9%€0.2m▲ 19.6%€0.2m▼ 12.4%
Operating result€0.1m-€0.006m▼ 94.0%€0.02m▲ 172%-€0.05m-€0.2m▼ 222%-€0.1m▲ 9.4%-€0.09m▲ 36.7%-€0.06m▲ 31.8%
Net result€0.09m--€0.003m€0.008mwithin the sector's middle half€0.009mwithin the sector's middle half▲ 16.7%-€0.2mbelow the sector's middle half-€0.2mbelow the sector's middle half▲ 10.2%-€0.1mbelow the sector's middle half▲ 29.7%-€0.08mbelow the sector's middle half▲ 23.4%
EBIT margin39.0%-2.4%▼ 36.6pp7.6%▲ 5.2pp-28.2%▼ 35.8pp-80.9%▼ 52.7pp-72.6%▲ 8.3pp-38.4%▲ 34.2pp-29.9%▲ 8.5pp
Equity€0.6m-€0.6m▼ 0.5%€0.6mwithin the sector's middle half▲ 1.3%€0.7mwithin the sector's middle half▲ 1.5%€0.5mwithin the sector's middle half▼ 26.6%€0.3mwithin the sector's middle half▼ 32.5%€0.2mwithin the sector's middle half▼ 33.8%€0.1mbelow the sector's middle half▼ 39.1%
Total assets€1.1m-€1.1m▼ 1.5%€1.1mwithin the sector's middle half▲ 1.9%€1.1mwithin the sector's middle half▲ 0.3%€0.9mwithin the sector's middle half▼ 18.3%€0.9mbelow the sector's middle half▼ 1.2%€1.0mwithin the sector's middle half▲ 11.1%€0.7mbelow the sector's middle half▼ 28.2%
Debt€0.5m-€0.5m▼ 2.8%€0.5m▲ 2.8%€0.5m▼ 1.3%€0.4m▼ 6.9%€0.6m▲ 32.5%€0.8m▲ 35.9%€0.6m▼ 25.3%
Working capital€0.08m-€0.1m▲ 42.8%€0.2mwithin the sector's middle half▲ 52.2%€0.2mwithin the sector's middle half▲ 29.7%€0.09mwithin the sector's middle half▼ 58.0%-€0.02mwithin the sector's middle half-€0.09mwithin the sector's middle half▼ 320%-€0.1mbelow the sector's middle half▼ 56.0%
Solvency56.9%-57.5%▲ 0.6pp57.1%within the sector's middle half▼ 0.4pp57.8%within the sector's middle half▲ 0.7pp51.9%within the sector's middle half▼ 5.9pp35.5%within the sector's middle half▼ 16.4pp21.1%within the sector's middle half▼ 14.4pp17.9%below the sector's middle half▼ 3.2pp
Current ratio1.52-1.73▲ 0.201.92within the sector's middle half▲ 0.192.12within the sector's middle half▲ 0.201.51within the sector's middle half▼ 0.610.94within the sector's middle half▼ 0.570.84within the sector's middle half▼ 0.100.64below the sector's middle half▼ 0.21
Return on assets (ROA)8.3%--0.3%▼ 8.6pp0.7%within the sector's middle half▲ 1.0pp0.8%within the sector's middle half▲ 0.1pp-18.8%below the sector's middle half▼ 19.6pp-17.1%below the sector's middle half▲ 1.7pp-10.8%below the sector's middle half▲ 6.3pp-11.5%below the sector's middle half▼ 0.7pp
Staff (FTE)12.2-11.7▼ 4.1%14below the sector's middle half▲ 19.7%15.4below the sector's middle half▲ 10.0%14.7below the sector's middle half▼ 4.5%16.5below the sector's middle half▲ 12.2%16.8below the sector's middle half▲ 1.8%15.9below the sector's middle half▼ 5.4%
above
within
below
The sector band is the middle half of the companies in Residential care activities (NACE 87). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €63,552, smaller than the loss of €93,210 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €726,456
Fixed assets
€479,448 ▼ 9.9%
Current assets
€247,008 ▼ 48.5%
Equity and liabilities €726,456
Equity
€130,153 ▼ 39.1%
Debt
€596,303 ▼ 25.3%
Debt's share of the balance-sheet total rises from 78.9% to 82.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€5,333▲
2024 · -€31,596
Cash flow
-€25,508▲
2024 · -€47,696
Debt to equity
4.58▲
2024 · 3.73
ROE
-64.3%▼
2024 · -51.1%
Interest coverage
-0.26▲
2024 · -1.95
Debt ≤ 1 year
€388,652▼
2024 · €570,087
Debt > 1 year
€207,651▼
2024 · €227,645
Customer credit
131 days▼
2024 · 249 days
Supplier credit
365 days▼
2024 · 899 days
Staff costs
€1.0m▲
2024 · €962,344
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 17 | 18 | 18 | 19 | 17 |
| full-time | 12 | 12 | 13 | 9 | 9 |
| part-time | 5 | 6 | 5 | 10 | 8 |
| in full-time equivalents | 15.4 | 15.6 | 16.1 | 15.6 | 14.6 |
| Average over the year, in full-time equivalents | 15.4 | 14.7 | 16.5 | 16.8 | 15.9 |
| On a permanent contract | 13 | 14 | 16 | 14 | 15 |
| Joined | 2 | 5 | 5 | 11 | 5 |
| Left | 3 | 4 | 5 | 12 | 8 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €13,940 | €2,673 | €4,545 | - | €5,313 |
| Financial fixed assets | - | - | - | €212 | - |
| Depreciation and write-downs of the year | €71,350 | €69,722 | €67,054 | €61,615 | €58,219 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 12.4% |
| Membership fees, donations, legacies and grants73 | - | - | - | €0.7m | €0.8m | €0.8m | €0.8m | €1.0m | ▲ 13.7% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 0.2% |
| Remuneration, social security and pensions62 | - | - | - | €0.7m | €0.9m | €0.9m | €1.0m | €1.0m | ▲ 5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.08m | €0.08m | €0.07m | €0.07m | €0.07m | €0.07m | €0.06m | €0.06m | ▼ 5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€308 | €0.004m | -€137 | €0 | €0.02m | ▲ 54,287× |
| Other operating charges640/8 | - | - | - | €0.002m | €0.001m | €0.002m | €0.001m | €0.001m | ▲ 18.3% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €0.002m | - |
| Gross operating margin9900 | €0.7m | €0.6m | €0.7m | €0.8m | €0.8m | €0.8m | €0.9m | €1.0m | ▲ 10.0% |
| Operating profit (loss)9901 | €0.1m | €0.006m | €0.02m | -€0.05m | -€0.2m | -€0.1m | -€0.09m | -€0.06m | ▲ 31.8% |
| Financial income75/76B | - | - | - | €0.07m | - | €233 | €113 | €376 | ▲ 233% |
| Recurring financial income75 | €87 | €48 | €131 | €24 | - | €233 | €113 | €376 | ▲ 233% |
| Non-recurring financial income76B | - | - | - | €0.07m | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.008m | €0.01m | €0.008m | €0.02m | €0.02m | ▲ 26.7% |
| Recurring financial charges65 | €0.01m | €0.009m | €0.009m | €0.008m | €0.01m | €0.008m | €0.02m | €0.02m | ▲ 26.7% |
| Profit (loss) for the period before taxes9903 | €0.09m | -€0.003m | €0.008m | €0.009m | -€0.2m | -€0.2m | -€0.1m | -€0.08m | ▲ 23.4% |
| Profit (loss) for the period9904 | €0.09m | -€0.003m | €0.008m | €0.009m | -€0.2m | -€0.2m | -€0.1m | -€0.08m | ▲ 23.4% |
| Profit (loss) for the period to be appropriated9905 | €0.09m | -€0.003m | €0.008m | €0.009m | -€0.2m | -€0.2m | -€0.1m | -€0.08m | ▲ 23.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.1m | €1.1m | €1.1m | €1.1m | €0.9m | €0.9m | €1.0m | €0.7m | ▼ 28.2% |
| Fixed assets21/28 | €0.9m | €0.8m | €0.8m | €0.7m | €0.7m | €0.6m | €0.5m | €0.5m | ▼ 9.9% |
| Tangible fixed assets22/27 | €0.9m | €0.8m | €0.8m | €0.7m | €0.7m | €0.6m | €0.5m | €0.5m | ▼ 9.9% |
| Land and buildings22 | - | - | - | €0.7m | €0.6m | €0.6m | €0.5m | €0.5m | ▼ 10.4% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.008m | €0.009m | €0.005m | €0.007m | ▲ 43.3% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.01m | €0.003m | €334 | - | - |
| Financial fixed assets28 | - | - | - | - | - | - | €212 | €212 | = |
| Current assets29/58 | €0.2m | €0.3m | €0.3m | €0.4m | €0.3m | €0.3m | €0.5m | €0.2m | ▼ 48.5% |
| Amounts receivable within one year40/41 | €0.08m | €0.09m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.2m | ▼ 50.2% |
| Trade receivables40 | - | - | - | €0.03m | €0.1m | €0.1m | €0.2m | €0.08m | ▼ 54.1% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | ▼ 45.8% |
| Cash at bank and in hand54/58 | €0.1m | €0.2m | €0.2m | €0.2m | €0.02m | €0.06m | €0.2m | €0.09m | ▼ 45.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €446 | €446 | €446 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.1m | €1.1m | €0.9m | €0.9m | €1.0m | €0.7m | ▼ 28.2% |
| Equity10/15 | €0.6m | €0.6m | €0.6m | €0.7m | €0.5m | €0.3m | €0.2m | €0.1m | ▼ 39.1% |
| Profit (loss) carried forward14 | €0.6m | €0.6m | €0.6m | €0.7m | €0.5m | €0.3m | €0.2m | €0.1m | ▼ 39.1% |
| Amounts payable17/49 | €0.5m | €0.5m | €0.5m | €0.5m | €0.4m | €0.6m | €0.8m | €0.6m | ▼ 25.3% |
| Amounts payable after more than one year17 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 8.8% |
| Financial debts170/4 | - | - | - | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 8.8% |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | €0.6m | €0.4m | ▼ 31.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 2.6% |
| Trade debts44 | €0.04m | €0.05m | €0.07m | €0.06m | €0.08m | €0.1m | €0.4m | €0.2m | ▼ 59.3% |
| Suppliers440/4 | - | - | - | €0.06m | €0.08m | €0.1m | €0.4m | €0.2m | ▼ 59.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.08m | €0.1m | €0.1m | €0.1m | ▲ 41.5% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.08m | €0.1m | €0.1m | €0.1m | ▲ 41.5% |
| Accrued charges and deferred income492/3 | - | - | - | €47 | €0.001m | €0.002m | €8 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €92,864 | -€3,008 | €8,020 | €9,360 | -€173,177 | -€155,440 | -€109,311 | -€83,726 | ▲ 23.4% |
| + Depreciation and write-downs630 | €82,721 | €77,769 | €74,726 | €71,350 | €69,722 | €67,054 | €61,615 | €58,219 | ▼ 5.5% |
| Operating cash flow (approximation) | €175,585 | €74,761 | €82,746 | €80,710 | -€103,454 | -€88,386 | -€47,696 | -€25,508 | ▲ 46.5% |
| Investment in fixed assets (approximation) | - | -€25,312 | -€8,881 | -€13,940 | -€2,673 | -€4,545 | -€212 | -€5,313 | ▼ 2,408% |
| Change in cash | - | €27,009 | €20,711 | €59,695 | -€223,814 | €34,967 | €106,092 | -€74,153 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 307 companies had the same profile as La Source has now. Two years later, 88.9% were still going and 4.9% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
88.9%
was still going
5.2%
stopped otherwise
4.9%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of La Source itself is lower: < 0.1% within 12 months. It rests on far more data about La Source than the profile alone.
Test of the method
The method was tested on the 497,446 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.
| 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 307 companies, not a prediction for La Source. 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.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 29-06-2026 | 2026-00210036 | |
| 31-12-2024 | full format | 10-07-2025 | 2025-00252316 | |
| 31-12-2023 | full format | 28-09-2024 | 2024-00476915 | |
| 31-12-2022 | full format | 19-07-2023 | 2023-00249181 | |
| 31-12-2021 | full format | 27-07-2022 | 2022-20229072 | |
| 31-12-2020 | full format | 15-07-2021 | 2021-36700079 | |
| 31-12-2019 | full format | 24-09-2020 | 2020-55500498 | |
| 31-12-2018 | full format | 12-07-2019 | 2019-32400572 | |
| 31-12-2017 | full format | 02-07-2018 | 2018-27800292 | |
| 31-12-2016 | full format | 25-08-2017 | 2017-48500084 |
Board & ownership
Directors
Directors
5 directors, 1 in day-to-day management, last change in 2026
Board 5
Damien Sieuw
Current
Chair · in office according to the deed of 21-10-2022 · Director · since 28-06-2004 · also on the board of 2 other companies · listed in the 2023 annual accounts, filed on 28-09-2024
Current
Hallez Frédéric
Current
Current
André CARDINAEL
Current
Director · in office according to the deed of 11-01-2024 · listed in the 2023 annual accounts, filed on 28-09-2024
Day-to-day management 1
BOULEZ Caroline
Current
Day-to-day manager · appointed by deed of 21-10-2022 · earlier director (executive), until 07-05-2026
Other functions 3
Xavier DUBOIS
Current
Secretary · appointed by deed of 21-10-2022
Françoise Sieuw
Current
Director (executive) · appointed by deed of 07-05-2026
Sébastien Vandamme
Current
Director (executive) · appointed by deed of 07-05-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Ces restrictions apportées à leurs pouvoirs ne sont pas opposables aux tiers, même si elles ont été publiées. Néanmoins, si elles ne sont…”
deed of 11-01-2024Owners and capital
Owners
This non-profit association has no shareholders or capital.
Mandate history
11 people, 8 in office
- Board
- Day-to-day management
- Other function
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Hallez Frédéric |
|
| Damien Sieuw |
|
| Xavier DUBOIS |
|
| André CARDINAEL |
|
| Virginie POIRE |
|
| BOULEZ Caroline |
|
| Françoise Sieuw |
|
| Sébastien Vandamme |
|
| Chantal Bertouille |
|
| Marie-Paule Dauchy |
|
| PATTYN Grégory |
|
Network & group
Connections & network
2 connected companies, 1 earlier tieThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
Service d'Aide à Domicile de Comines-Warneton
via Damien Sieuw · Director
Founded in 1994 · 24 FTE (2025)
→
→
Earlier ties
Service Integré de Soins à Domicile de Wallonie Picarde
via Damien Sieuw (no longer at Service Integré de Soins à Domicile de Wallonie Picarde) · Director
Founded in 2002
→
Timeline
Deeds, filings and financial milestones
Deadline for the 2026 accounts:
2026
29-06
full format · 32 days before the deadline
07-05
Gazette deed
2 directors appointed, 1 director resigningResignation: Caroline Boulez (director) · Appointments: Françoise Sieuw (director) and Sébastien Vandamme (director)11 points ▸
Gazette deed
2 directors appointed, 1 director resigning
Resignation: Caroline Boulez (director) · Appointments: Françoise Sieuw (director) and Sébastien Vandamme (director)11 points ▸
- Board meeting, 09-01-2024
- Director in office, Damien Sieuw (chair of the board)
- Director in office, Virginie Poiré, mentioned twice in the deed
- Director in office, Xavier Dubois, mentioned twice in the deed
- Director in office, André Cardinael, mentioned twice in the deed
- Director resignation, Caroline Boulez (director (executive))
- Director appointment, Françoise Sieuw (director (executive))
- Board meeting, 22-02-2024
- Director in office, Damien Sieuw
- Director in office, Françoise Sieuw (director (executive)), mentioned twice in the deed
- Director appointment, Sébastien Vandamme (director (executive))
2025
10-07
full format · 21 days before the deadline
2024
28-09
full format · 59 days late
11-01
Gazette deed
3 directors appointed, 4 directors reappointedReappointments: Virginie POIRE, Damien SIEUW and 2 others · Appointments: Damien SIEUW, Xavier DUBOIS and Caroline BOULEZ10 points ▸
Gazette deed
3 directors appointed, 4 directors reappointed
Reappointments: Virginie POIRE, Damien SIEUW and 2 others · Appointments: Damien SIEUW, Xavier DUBOIS and Caroline BOULEZ10 points ▸
- General meeting, 21-12-2023
- Director reappointment, Virginie POIRE
- Director reappointment, Damien SIEUW
- Director reappointment, André CARDINAEL
- Director reappointment, Xavier DUBOIS
- Director appointment, Damien SIEUW (chair)
- Director appointment, Xavier DUBOIS (treasurer and secretary)
- Director appointment, Caroline BOULEZ (day-to-day manager)
- Power of attorney, Damien SIEUW
- Power of attorney, Xavier DUBOIS
- The deed holds 1 more point.
2023
19-07
full format · 12 days before the deadline
2022
31-12
Financial
Weakest financial yearnet -€173,177
The net result drops to -€173,177, the lowest from 2018 to 2025. It recovers the following year.
21-10
Gazette deed
2 directors appointed, 3 directors resigning, 2 directors reappointedResignations: Marie-Paule Dauchy, Chantal Bertouille and PATTYN Grégory · Reappointments: SIEUW Damien (chair) and DUBOIS Xavier (treasurer) · Appointments: DUBOIS Xavier (secretary) and BOULEZ Caroline (day-to-day manager)12 points ▸
Gazette deed
2 directors appointed, 3 directors resigning, 2 directors reappointed
Resignations: Marie-Paule Dauchy, Chantal Bertouille and PATTYN Grégory · Reappointments: SIEUW Damien (chair) and DUBOIS Xavier (treasurer) · Appointments: DUBOIS Xavier (secretary) and BOULEZ Caroline (day-to-day manager)12 points ▸
- General meeting, 15-09-2022
- General meeting, 03-10-2022
- Amendment of the articles, article 35
- Director resignation, Marie-Paule Dauchy
- Director resignation, Chantal Bertouille
- Board composition, CARDINAEL André (director)
- Board composition, DUBOIS Xavier (director)
- Board composition, POIRé Virginie (director)
- Board composition, SIEUW Damien (director)
- Director reappointment, SIEUW Damien (chair)
- Director reappointment, DUBOIS Xavier (treasurer)
- Director appointment, DUBOIS Xavier (secretary)
- The deed holds 3 more points.
27-07
full format · 4 days before the deadline
2021
15-07
full format · 16 days before the deadline
2020
31-12
Financial
Back to profitnet €8,020
The net result is €8,020, after one loss-making year.
24-09
full format · 55 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
La Source in French
Enterprise number
0431.745.911
Legal form
Non-profit association
Status
Active, normal situation
Founded
01-10-1985
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 11-01-2024 (in French)Name clauseThe company operates under this name according to its articles.
La Source
deed of 11-01-2024 (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.
“Rue du Touquet n°94 à 7783 Comines-Warneton”
deed of 11-01-2024 (in French)Registered office and establishments
Registered office
Touquetstraat 94, 7783 Comines-Warneton, Belgium
Establishment unit
La Source, Touquetstraat 94, 7783 Comines-Warneton since 01-01-2008 · unit number 2.196.495.615
E-mail
damien.sieuw@gmail.com
Phone
+32(0)56589758
Fax
+32(0)56589458
Phone
+32.56589758 establishment in Comines-Warneton
Fax
+32.56589458 establishment in Comines-Warneton
Activities
NACEBEL 202587992
Residential care activities main activity
Codes under NACEBEL 2008
87902
Residential care activities main activity
Codes under NACEBEL 2003
85316
main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 11-01-2024 (in French)
“Accueillir en hébergement pour une durée déterminée, en conformité avec la législation, des personnes adultes socialement en crise, qu'elles…”
4 activities
- Accueillir en hébergement pour une durée déterminée, en conformité avec la législation, des personnes adultes socialement en crise, qu'elles soient seules ou accompagnées de leur famille, de maintenir leur aptitudes physiques et psychiques, de contribuer à leur réintégration sociale et à l'acquisition ou à la récupération de leur autonomie
- Accueillir en hébergement pour une durée indéterminée et à long terme, dans le cadre d'une maison de vie communautaire, des personnes en difficultés sociales mais stabilisées, de contribuer à l'acquisition ou à la récupération et au maintien de leurs aptitudes sociales physiques et psychiques ainsi que de leur autonomie
- Contribuer, notamment, à la mise en œuvre du droit à un logement décent prioritairement aux ménages de la catégorie I, au sens du Code Wallon de l'habitation durable
- Favoriser l'intégration sociale en général, et en particulier par une politique de logement décent
Invoicing and payment
VAT number
BE 0431.745.911
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Voting ruleThe articles set which majority the meeting decides by, for example a simple or a special majority.
“Tout mandataire de son choix, pourvu que celui-ci soit lui-même membre de l'ASBL, au moins 2/3 des membres présents ou représentés”
deed of 11-01-2024 (in French)Recognitions · licences · registrations
Food safety, FASFC
1 siteComines-Warneton/Komen-Waastenunit number 2.196.495.615
Sites & property
Location
Buildings and parcels at the address
Ground area
810 m²
Building footprint
178 m²
Building volume
2,044 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 54008F0460/00L017 | Wallonia | 810 m² | 1 · 178 m² | 12.9 m · 4 |