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PENSION DES SOURCES

Active
Private limited companyfounded 1988active for 38 yearsChemin de la Fontaine(SART) 46, 4845 Jalhay, BelgiumKBO/BCE: BE 0433.995.420
Summary

PENSION DES SOURCES has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43,234 and a net result of €65,978. Equity has been growing by about 19% per year since 2018. Its solvency ranks better than 28% of 11,235 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 01-01-1988 Normal situation
Activity
Buying and selling of own real estate NACE 68110and 4 others
Establishment unit
2.037.592.589 4900 Spa, since 28-04-1988
Financial year end
31 December
Peppol
Reachable since 03-11-2025

Board and ownership

Board
  • OSTARA PROJECT SRLDirector · since 29-11-2016
Shareholders

Financial position

88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
€96,150
▲ 139%
Turnover
≈ €250,000
estimated
Profit
€65,978
▲ 983%
Equity
€43,234
=
Total assets
€491,402
▼ 18.2%
  • 2025 accounts filed 24 days after the deadline
Filed on 24-08-2026
Score breakdownraises riskLiquidity: current ratio 0.52, cash €446, halvedlowers riskSize: total assets €491,402Founded in 1988Figures for financial year 2025 (filed on 26-08-2026)Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 48% of micro companies in real estate (NACE 68)
Financial strength · tick: 2024
Average
Solvency 34+2
equity 8.8% of total assets
Liquidity 42-10
short-term debt 22.3% · cash 0.1%
Profitability 86+38
return on assets 13.4%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,625 companies, NACE 68, micro)
Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.4%▲ +0.1 percentage points vs 04-2025 06-2025: 0.5%▲ +0.1 percentage points vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.3%▼ -0.3 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.1%▼ -0.2 percentage points 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 01-2026 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: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026 09-2026: 0.2%▼ -0.2 percentage points vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.52 (0.17 in 2024), below 1. Short-term debt is 22.3% and cash 0.1% of total assets. 91.2% 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 68, micro). It does better than 30% of them on solvency, 36% on liquidity, 82% on profitability and 45% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Size: total assets €491,402
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1988
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Liquidity: current ratio 0.52, cash €446, halved
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 26-08-2026)
NBB · annual accounts
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
24 days late
2024
on the day
2023
43 days early
2022
10 days late
2021
34 days early
2020
58 days early
2019
39 days early
← 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 20 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 31 July (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Result rose in 2025from €6,091 to €65,978 ▲ 983% View
  • Positive: 5th oldest company in Jalhay, Real estate sectorin the Checked rankings No. 5 View
  • Positive: 5 profitable years in a rowprofit 2025: €65,978 5 years View

Recent changes

  1. · Gazette deed Registered office moved from Spa to Sart-Lez-Spa
  2. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as PENSION DES SOURCES: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €470,000 and €604,000, founded between 1987 and 1992.

CompanyTotal assetsGross margin
PENSION DES SOURCES Jalhay€491,402€96,150
MINERVAL Knokke-Heist€517,045€97,486
IMMO ED & CO Beringen€548,048€99,917
CONSTRUCT PROJECTS Bornem€476,003€78,492
EUROGEST Evere€537,091€123,974
Aelterman Gent€469,530€90,437
DARAC Balen€603,791€96,195
Full comparison

Key facts about PENSION DES SOURCES

What is the company number of PENSION DES SOURCES?
The company number of PENSION DES SOURCES is 0433.995.420. The VAT number is the same number with BE in front: BE 0433.995.420.
Where is PENSION DES SOURCES based?
The registered office is at Chemin de la Fontaine(SART) 46, 4845 Jalhay.Company details
What does PENSION DES SOURCES do?
According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
What is the legal form of PENSION DES SOURCES?
The legal form of PENSION DES SOURCES is Private limited company (BV).
When was PENSION DES SOURCES founded?
PENSION DES SOURCES was founded on 01-01-1988.
Is PENSION DES SOURCES still active?
Yes, PENSION DES SOURCES is an active enterprise in the KBO register.
What is the turnover of PENSION DES SOURCES?
The turnover in financial year 2025 is ≈ €250,000. This figure is estimated from the gross margin of €96,150 and 47 comparable companies (NACE 681). It probably lies between €130,000 and €520,000.Financials
Is PENSION DES SOURCES profitable?
In financial year 2025, PENSION DES SOURCES made a profit of €65,978.
Where can I find the annual accounts of PENSION DES SOURCES?
PENSION DES SOURCES filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PENSION DES SOURCES due?
PENSION DES SOURCES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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