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LA SOURCE

Active
Private limited companyfounded 20224 yrs activePlace du Batty 9, 4000 Liège, BelgiumKBO/BCE: BE 0790.342.835
Summary

The computed 12-month bankruptcy probability of LA SOURCE is 3.9% (moderate). The 2024 annual accounts show negative equity (-€1,375) and a net result of -€183. Its solvency ranks better than 22% of 26040 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability50▲+22
Solvency23=
Growth58
Track record94
Bankruptcy probability, 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.77 against 3.14 in 2023; short-term debt: 25.3% and cash: 10.3% of total assets), but equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-2.4%
Return on assets
-0.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
2324
2023 to 2024 · latest year -€1,375
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
1 d early
2023
33 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 17 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

LA SOURCE was incorporated on 1 September 2022 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
-€1,375▼ 15.4%
2023 · -€1,192
Total assets
€56,485▼ 13.8%
2023 · €65,518
Net result
-€183▲ 94.3%
2023 · -€3,192
Working capital
€25,208▼ 13.0%
2023 · €28,977
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€2,793-€1,894▼ 32.2%
Net result-€3,192within the sector's middle half--€183within the sector's middle half▲ 94.3%
Equity-€1,192below the sector's middle half--€1,375below the sector's middle half▼ 15.4%
Total assets€65,518within the sector's middle half-€56,485below the sector's middle half▼ 13.8%
Debt€66,710-€57,860▼ 13.3%
Working capital€28,977-€25,208▼ 13.0%
Solvency-1.8%below the sector's middle half--2.4%below the sector's middle half▼ 0.6pp
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€4,000-€2,000€0€2,000Operating result 2023: €2,793€2,793Net result 2023: -€3,192-€3,192Operating result 2024: €1,894€1,894Net result 2024: -€183-€18320232024-€4,000-€2,000€0€2,000Operating result 2023: €2,793€2,790Net result 2023: -€3,192-€3,190Operating result 2024: €1,894€1,890Net result 2024: -€183-€18320232024
The operating result falls in 2024; 2024 is 32% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €56,485
Fixed assets €17,012 ▼ 26.0%
Current assets €39,472 ▼ 7.2%
Key figures and ratios
2024 value · change against 2023
EBITDA
€7,870▼
2023 · €11,372
Cash flow
€5,792▲
2023 · €5,388
Current ratio
2.77▼
2023 · 3.14
Quick ratio
0.46▼
2023 · 0.54
Debt to equity
-42.08▲
2023 · -55.98
ROA
-0.3%▲
2023 · -4.9%
Interest coverage
3.74▲
2023 · 1.90
Debt ≤ 1 year
€14,264▲
2023 · €13,553
Debt > 1 year
€42,647▼
2023 · €53,156
Income taxes
€9
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,554 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a small loss
4.1% went bankrupt
3.5% stopped otherwise
91% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.9% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,554 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet Code20232024
Assets
Total assets20/58€65,518€56,485▼
Formation expenses20€0€0=
Fixed assets21/28€22,988€17,012▼
Intangible fixed assets21€2,239€1,679▼
Tangible fixed assets22/27€20,749€15,333▼
Plant, machinery and equipment23€6,822€5,037▼
Furniture and vehicles24€2,989€2,209▼
Other tangible fixed assets26€10,939€8,088▼
Current assets29/58€42,530€39,472▼
Stocks and contracts in progress3€35,190€32,883▼
Stocks30/36€35,190€32,883▼
Amounts receivable within one year40/41€1,543€334▼
Trade receivables40€1,429€334▼
Other amounts receivable41€114€0▼
Cash at bank and in hand54/58€5,798€5,796=
Deferred charges and accrued income490/1-€460
Equity and liabilities
Total equity and liabilities10/49€65,518€56,485▼
Equity10/15-€1,192-€1,375▼
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14-€3,192-€3,375▼
Amounts payable17/49€66,710€57,860▼
Amounts payable after more than one year17€53,156€42,647▼
Financial debts170/4€53,156€42,647▼
Amounts payable within one year42/48€13,553€14,264▲
Current portion of amounts payable after more than one year42€11,199€10,510▼
Trade debts44€329€3,205▲
Suppliers440/4€329€3,205▲
Taxes, remuneration and social security45€1,468€461▼
Taxes450/3€1,468€461▼
Other amounts payable47/48€558€88▼
Accrued charges and deferred income492/3-€949
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,580€5,976▼
Other operating charges640/8€364€245▼
Gross operating margin9900€11,736€8,115▼
Operating profit (loss)9901€2,793€1,894▼
Financial income75/76B€2€34▲
Recurring financial income75€2€34▲
Financial charges65/66B€5,986€2,103▼
Recurring financial charges65€5,986€2,103▼
Profit (loss) for the period before taxes9903-€3,192-€174▲
Income taxes67/77-€9
Profit (loss) for the period9904-€3,192-€183▲
Profit (loss) for the period to be appropriated9905-€3,192-€183▲
Appropriation of the result
Profit (loss) to be appropriated9906-€3,192-€3,375▼
Profit (loss) brought forward from the previous period14P--€3,192

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,580€5,976▼ 30.4%
Other operating charges640/8€364€245▼ 32.7%
Gross operating margin9900€11,736€8,115▼ 30.9%
Operating profit (loss)9901€2,793€1,894▼ 32.2%
Financial income75/76B€2€34▲ 1,593%
Recurring financial income75€2€34▲ 1,593%
Financial charges65/66B€5,986€2,103▼ 64.9%
Recurring financial charges65€5,986€2,103▼ 64.9%
Profit (loss) for the period before taxes9903-€3,192-€174▲ 94.5%
Income taxes67/77-€9-
Profit (loss) for the period9904-€3,192-€183▲ 94.3%
Profit (loss) for the period to be appropriated9905-€3,192-€183▲ 94.3%
Line20232024Change
Assets
Total assets20/58€65,518€56,485▼ 13.8%
Formation expenses20€0€0-
Fixed assets21/28€22,988€17,012▼ 26.0%
Intangible fixed assets21€2,239€1,679▼ 25.0%
Tangible fixed assets22/27€20,749€15,333▼ 26.1%
Plant, machinery and equipment23€6,822€5,037▼ 26.2%
Furniture and vehicles24€2,989€2,209▼ 26.1%
Other tangible fixed assets26€10,939€8,088▼ 26.1%
Current assets29/58€42,530€39,472▼ 7.2%
Stocks and contracts in progress3€35,190€32,883▼ 6.6%
Stocks30/36€35,190€32,883▼ 6.6%
Amounts receivable within one year40/41€1,543€334▼ 78.4%
Trade receivables40€1,429€334▼ 76.7%
Other amounts receivable41€114€0▼ 100%
Cash at bank and in hand54/58€5,798€5,796=
Deferred charges and accrued income490/1-€460-
Equity and liabilities
Total equity and liabilities10/49€65,518€56,485▼ 13.8%
Equity10/15-€1,192-€1,375▼ 15.4%
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14-€3,192-€3,375▼ 5.7%
Amounts payable17/49€66,710€57,860▼ 13.3%
Amounts payable after more than one year17€53,156€42,647▼ 19.8%
Financial debts170/4€53,156€42,647▼ 19.8%
Amounts payable within one year42/48€13,553€14,264▲ 5.2%
Current portion of amounts payable after more than one year42€11,199€10,510▼ 6.2%
Trade debts44€329€3,205▲ 875%
Suppliers440/4€329€3,205▲ 875%
Taxes, remuneration and social security45€1,468€461▼ 68.6%
Taxes450/3€1,468€461▼ 68.6%
Other amounts payable47/48€558€88▼ 84.2%
Accrued charges and deferred income492/3-€949-
Line20232024Change
Profit (loss) for the period9904-€3,192-€183▲ 94.3%
+ Depreciation and write-downs630€8,580€5,976▼ 30.4%
Operating cash flow (approximation)€5,388€5,792▲ 7.5%
Investment in fixed assets (approximation)-€0-
Change in cash--€2-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Liège · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
4,412 m²
Building footprint
1,807 m²
Volume, LiDAR
21,136 m³
Parcel 62078A0391/00R000, Wallonia · tallest building 16.8 m, ±4 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
LA SOURCE
Place du Batty 9, 4000 LiègeGrowing of cereals (except rice), leguminous crops and oil seeds
since 20222.334.861.264
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62078A0391/00R000 Wallonia 4,412 m² 1 · 1,807 m² 16.8 m · 4 fl.
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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Liège2.334.861.264
1 permission
Toelating · Detailhandel met verwerking · since 05-11-2022

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,474 companies in sector 47279 we hold annual accounts for 949. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded01-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
47279Other retail sale of food
47110Non-specialised retail sale with food, beverages or tobacco predominating
47553Retail trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
85599Other education
86995Nutrition and dietetics services
Contact
E-mail catherine.lemignant@outlook.com
Phone +32486259022
E-mail bonjour@lasource-naturopathie.beLiège
E-invoicing
Reachable via Peppol
Peppol ID 0208:0790342835
Registered 24-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.