PROSOURCE
InactiveOverview
Activity
De vennootschap heeft tot voorwerp ondernemingen en organisaties bij te staan en op te…
From the articles, 2 activitiesNo NACE code in the KBO yet
Size
€2.6mtotal assets 2025
- Staff
- 9 FTE
- Equity
- €156,081
- Loss
- -€22,947
Financial health
Inactive: no score
Structure
- Parent
- CATALAY · 100%
2 of 20 deeds read
SignalsneutralLatest accounts filed on timeShow the evidence
Signals
1 signal.
○neutral
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
15 days early
2023
4 days early
2022
4 days early
2021
31 days late
2020
2 days late
2019
20 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 1 day before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Restructuring · End & cessationPermanent representative: Stéphane Alain François…
- Weakest financial yearnet -€22,947
Financials · financial year 2025, abbreviated format
Turnover
€9.8m
EBIT margin
2.3%
Net result
-€22,947
2024 · €4,082
Working capital
€1.7m▼ 15.3%
2024 · €2.0m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen three years in a row; 2025 is 76% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.04m
2025
Net result-€0.02m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.6m
2025
Equity€0.2m
2025
Debt€2.4m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.7m
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)9
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€9.8m
Operating result€0.4m-€0.3m▼ 26.9%€0.4m▲ 42.9%€0.4m▲ 9.8%€0.7m▲ 52.2%€0.2m▼ 66.8%€0.2m▼ 29.1%€0.04m▼ 75.6%
Net result€0.3m-€0.2m▼ 38.7%€0.3m▲ 66.2%€0.3m▲ 15.9%€0.5m▲ 53.9%€0.1m▼ 78.3%€0.004m▼ 95.9%-€0.02m
EBIT margin2.3%
Equity€0.4m-€0.07m▼ 81.3%€0.09m▲ 33.5%€0.4m▲ 335%€0.1m▼ 63.9%€0.2m▲ 32.6%€0.2m▼ 2.5%€0.2m▼ 12.8%
Total assets€1.3m-€1.7m▲ 32.8%€3.0m▲ 79.9%€4.8m▲ 60.0%€7.4m▲ 52.7%€6.2m▼ 15.9%€4.3m▼ 31.0%€2.6m▼ 39.7%
Debt€0.9m-€1.6m▲ 76.9%€2.9m▲ 81.8%€4.4m▲ 51.7%€7.2m▲ 62.7%€6.0m▼ 16.8%€4.1m▼ 31.9%€2.4m▼ 40.8%
Working capital€0.4m-€0.02m▼ 94.2%€0.1m▲ 397%€0.9m▲ 714%€2.5m▲ 169%€2.2m▼ 10.1%€2.0m▼ 10.1%€1.7m▼ 15.3%
Staff (FTE)17.8-18.9▲ 6.2%19.8▲ 4.8%19.6▼ 1.0%21.4▲ 9.2%25.1▲ 17.3%15.5▼ 38.2%9▼ 41.9%
Why a figure moved sharply
- 2023 Net result -78% on 2022. The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€25,720 ▼ 50.6%
Current assets
€2.6m ▼ 39.5%
Equity and liabilities €2.6m
Equity
€156,081 ▼ 12.8%
Debt
€2.4m ▼ 40.8%
Debt's share of the balance-sheet total falls from 95.8% to 94.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€54,997▼
2024 · €176,958
Cash flow
-€6,573▼
2024 · €22,679
Current ratio
2.92▲
2024 · 1.89
Debt to equity
15.54▼
2024 · 22.90
ROE
-14.7%▼
2024 · 2.3%
ROA
-0.9%▼
2024 · 0.1%
Interest coverage
0.45▼
2024 · 0.74
Debt ≤ 1 year
€873,760▼
2024 · €2.2m
Debt > 1 year
€1.5m▼
2024 · €1.7m
Income taxes
€2,782▼
2024 · €22,201
Staff costs
€1.1m▼
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | - | €10.1m | - | - | - |
| Turnover70 | - | - | - | - | - | €9.8m | - | - | - |
| Other operating income74 | - | - | - | - | - | €0.3m | - | - | - |
| Non-recurring operating income76A | - | - | €0 | - | €362 | €0.02m | €159 | €81 | ▼ 49.1% |
| Operating charges60/66A | - | - | - | - | - | €9.8m | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | - | €6.1m | - | - | - |
| Purchases600/8 | - | - | - | - | - | €6.1m | - | - | - |
| Services and other goods61 | - | - | - | - | - | €1.4m | - | - | - |
| Remuneration, social security and pensions62 | - | - | €1.6m | €1.7m | €1.8m | €2.1m | €1.4m | €1.1m | ▼ 23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.03m | €0.04m | €0.02m | €0.03m | €0.03m | €0.02m | €0.02m | ▼ 11.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €380 | €0 | - | - | - | - | - |
| Other operating charges640/8 | - | - | €0.01m | €0.2m | €0.1m | €0.2m | €0.3m | €252 | ▼ 99.9% |
| Non-recurring operating charges66A | - | - | €0 | - | €0.2m | €0 | - | €0.01m | - |
| Gross operating margin9900 | €1.9m | €1.9m | €2.1m | €2.4m | €2.8m | - | €1.9m | €1.2m | ▼ 38.6% |
| Operating profit (loss)9901 | €0.4m | €0.3m | €0.4m | €0.4m | €0.7m | €0.2m | €0.2m | €0.04m | ▼ 75.6% |
| Financial income75/76B | - | - | €0.001m | €0.004m | €0.08m | €0.2m | €0.1m | €0.06m | ▼ 42.1% |
| Recurring financial income75 | €0.02m | €0.006m | €0.001m | €0.004m | €0.08m | €0.2m | €0.1m | €0.06m | ▼ 42.1% |
| Income from current assets751 | - | - | - | - | - | €0.1m | - | - | - |
| Other financial income752/9 | - | - | - | - | - | €0.006m | - | - | - |
| Financial charges65/66B | - | - | €0.03m | €0.04m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 49.4% |
| Recurring financial charges65 | €0.01m | €0.02m | €0.03m | €0.04m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 49.4% |
| Debt charges650 | - | - | - | - | - | €0.2m | - | - | - |
| Other financial charges652/9 | - | - | - | - | - | €0.003m | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.3m | €0.4m | €0.4m | €0.7m | €0.2m | €0.03m | -€0.02m | ▼ 177% |
| Income taxes67/77 | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.06m | €0.02m | €0.003m | ▼ 87.5% |
| Taxes670/3 | - | - | - | - | - | €0.06m | - | - | - |
| Profit (loss) for the period9904 | €0.3m | €0.2m | €0.3m | €0.3m | €0.5m | €0.1m | €0.004m | -€0.02m | ▼ 662% |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.2m | €0.3m | €0.3m | €0.5m | €0.1m | €0.004m | -€0.02m | ▼ 662% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.3m | €1.7m | €3.0m | €4.8m | €7.4m | €6.2m | €4.3m | €2.6m | ▼ 39.7% |
| Fixed assets21/28 | €0.03m | €0.05m | €0.08m | €0.06m | €0.07m | €0.07m | €0.05m | €0.03m | ▼ 50.6% |
| Intangible fixed assets21 | €0.003m | €0.03m | €0.02m | €0.02m | €0 | €0.03m | €0.02m | €0.02m | ▼ 27.2% |
| Tangible fixed assets22/27 | €0.03m | €0.03m | €0.06m | €0.05m | €0.07m | €0.04m | €0.03m | €0.01m | ▼ 67.5% |
| Furniture and vehicles24 | - | - | €0.05m | €0.04m | €0.06m | €0.03m | €0.02m | €0.001m | ▼ 94.0% |
| Other tangible fixed assets26 | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.009m | €0.009m | ▼ 6.3% |
| Current assets29/58 | €1.2m | €1.6m | €2.9m | €4.8m | €7.3m | €6.1m | €4.2m | €2.6m | ▼ 39.5% |
| Stocks and contracts in progress3 | - | - | - | - | - | €0 | - | - | - |
| Amounts receivable within one year40/41 | €0.9m | €1.5m | €2.7m | €4.5m | €6.5m | €5.5m | €4.0m | €2.1m | ▼ 49.1% |
| Trade receivables40 | - | - | €1.9m | €3.0m | €4.3m | €2.3m | €1.5m | €1.0m | ▼ 30.1% |
| Other amounts receivable41 | - | - | €0.8m | €1.5m | €2.2m | €3.2m | €2.5m | €1.0m | ▼ 60.3% |
| Cash at bank and in hand54/58 | €0.3m | €0.03m | €0.2m | €0.2m | €0.8m | €0.6m | €0.2m | €0.5m | ▲ 182% |
| Deferred charges and accrued income490/1 | - | - | €0.03m | €0.03m | €0.03m | €0.02m | €0.01m | €0.01m | ▼ 25.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.3m | €1.7m | €3.0m | €4.8m | €7.4m | €6.2m | €4.3m | €2.6m | ▼ 39.7% |
| Equity10/15 | €0.4m | €0.07m | €0.09m | €0.4m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 12.8% |
| Contributions10/11 | €0.06m | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Reserves13 | €0.3m | €0.004m | €0.007m | €0.3m | €0.06m | €0.1m | €0.1m | €0.07m | ▼ 23.4% |
| Distributable reserves133 | - | - | €0.007m | €0.3m | €0.06m | €0.1m | €0.1m | €0.07m | ▼ 23.4% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - | €0 | €0 | - |
| Amounts payable17/49 | €0.9m | €1.6m | €2.9m | €4.4m | €7.2m | €6.0m | €4.1m | €2.4m | ▼ 40.8% |
| Amounts payable after more than one year17 | €0.05m | - | €0.006m | €0 | €2.3m | €2.0m | €1.7m | €1.5m | ▼ 15.4% |
| Financial debts170/4 | - | - | €0.006m | €0 | €2.3m | €2.0m | €1.7m | €1.5m | ▼ 15.4% |
| Credit institutions173 | - | - | - | - | - | €2.0m | - | - | - |
| Amounts payable within one year42/48 | €0.8m | €1.6m | €2.8m | €3.9m | €4.8m | €3.9m | €2.2m | €0.9m | ▼ 61.0% |
| Current portion of amounts payable after more than one year42 | - | - | €0.3m | €0 | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Financial debts43 | - | - | €0.8m | €1.4m | €0 | €1 | €0 | - | - |
| Credit institutions430/8 | - | - | €0.8m | €1.4m | €0 | €1 | €0 | - | - |
| Trade debts44 | €0.4m | €0.4m | €0.6m | €1.5m | €3.0m | €1.5m | €0.7m | €0.5m | ▼ 29.1% |
| Suppliers440/4 | - | - | €0.6m | €1.5m | €3.0m | €1.5m | €0.7m | €0.5m | ▼ 29.1% |
| Taxes, remuneration and social security45 | - | - | €0.2m | €0.2m | €0.3m | €0.6m | €0.1m | €0.09m | ▼ 37.0% |
| Taxes450/3 | - | - | €0.04m | €0.01m | €0.1m | €0.4m | €0.02m | €0.006m | ▼ 61.2% |
| Remuneration and social security454/9 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.08m | ▼ 33.9% |
| Other amounts payable47/48 | - | - | €0.9m | €0.8m | €1.2m | €1.6m | €1.1m | €0.01m | ▼ 98.8% |
| Accrued charges and deferred income492/3 | - | - | €0.09m | €0.6m | €0.1m | €0.09m | €0.1m | €0.08m | ▼ 32.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €250,133 | €153,436 | €254,984 | €295,480 | €454,741 | €98,674 | €4,082 | -€22,947 | ▼ 662% |
| + Depreciation and write-downs630 | €15,940 | €27,015 | €42,630 | €15,724 | €26,532 | €27,768 | €18,596 | €16,374 | ▼ 11.9% |
| Operating cash flow (approximation) | €266,073 | €180,451 | €297,614 | €311,204 | €481,274 | €126,442 | €22,679 | -€6,573 | ▼ 129% |
| Investment in fixed assets (approximation) | - | -€48,782 | -€66,390 | -€2,746 | -€31,214 | -€29,189 | -€1,450 | €9,988 | ▲ 789% |
| Change in cash | - | -€225,180 | €154,118 | €29,991 | €582,970 | -€203,510 | -€424,369 | €316,451 | ▲ 175% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Subsidies and aid
Flemish government
2022 to 2024 · 4 entries · €12,301 awarded · €12,301 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €2,641 | €2,641 |
| 2023 | 2 | €4,636 | €4,636 |
| 2022 | 1 | €5,024 | €5,024 |
Directors
Directors
No directors read yet: 2 of 20 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
2 ownersChain of control
- SISU GROUP
- CATALAY
- PROSOURCE
Highest known parent: SISU GROUP. The sources do not say who stands above it.
Owners 2
- CATALAYparentSourceaccounts CATALAY 2025100%
-
82.11%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 19-11-2025 ↗
- Sisu Group BV all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 19-11-2025 Capital stated in the act · 625 shares
Group and network
Connections & network
No directors read yet: 2 of 20 Gazette acts processed.
Acquisitions and mergers
1 transactionTaken over by:Ariad Group
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
26-06
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format
06-03
Gazette deed
Restructuring · End & cessationPermanent representative: Stéphane Alain François Collignon · Merger · Dissolution9 facts ▸
Gazette deed
Restructuring · End & cessation
Permanent representative: Stéphane Alain François Collignon · Merger · Dissolution9 facts ▸
- General meeting, 09-01-2026
- Board composition, Catalay (sole director)
- Permanent representative, Stéphane Alain François Collignon
- Merger, 29-12-2025
- Other statement, kennisname fusievoorstel, TWEEDE BESLISSING
- Merger, verrichting gelijkgesteld met fusie door overneming, fusievoorstel (2 times)
- Dissolution, ontbinding zonder vereffening, gehele vermogen zonder uitzondering noch voorbehoud onder algemene titel
- Accounting effect, 01-01-2026
- Other statement, uitreiking vóór registratie, artikel 173,1°bis Wetboek van registratierechten
2025
31-12
Financial
Weakest financial yearnet -€22,947
Net result drops to -€22,947, the lowest in the series.
19-11
Gazette deed
RestructuringPermanent representatives: Stéphane Collignon and Regis De Preter · Merger · Incorporation37 facts ▸
Gazette deed
Restructuring
Permanent representatives: Stéphane Collignon and Regis De Preter · Merger · Incorporation37 facts ▸
- Merger, fusie door overneming, gehele vermogen,zowel rechten als verplichtingen,van Prosource op Ariad Group
- Incorporation, 18-04-2011
- General meeting, 22-12-2015
- General meeting, 19-07-2019
- General meeting, 10-03-2023
- Capital (2 times)
- Board composition, CATALAY BV (director)
- Permanent representative, Stéphane Collignon (2 times)
- Board composition, Vipu BV (director)
- Permanent representative, Regis De Preter
- Incorporation, 23-07-2002
- General meeting, 28-12-2010
- +25 further facts in this act
16-07
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format
2024
27-07
NBB filing
Annual accounts filed
financial year 2023 · full format
2023
31-12
Financial
Equity above €150,000equity €183,706 ▲32.6%
A profit in every financial year since 2018 builds equity to €183,706.
27-07
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format
2022
31-12
Financial
Highest result from 2018 to 2025net €454,741 ▲53.9%
Operating result €673,726, net result €454,741, both a record.
31-08
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format · 31 days late
2021
31-12
Financial
Equity above €200,000equity €383,749 ▲335%
A profit in every financial year since 2018 builds equity to €383,749.
02-08
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format · 2 days late
Show earlier events
2020
20-08
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format · 20 days late
2019
23-07
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2018
19-06
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
2017
30-06
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 23 annual accounts filed, the latest 10 are here; all are under Financials.
2 of 20 deeds read
About the unread acts
Of the 20 Belgian Official Gazette acts we know for this company, 2 have been read. The other 18 have not been read yet: what they contain is neither established nor disproved here.
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Articles of association
- PurposeThe activities the company may carry out under its articles.
- De vennootschap heeft tot voorwerp ondernemingen en organisaties bij te staan en op te leiden in het definiëren en beheren van projecten en programma's; De vennootschap mag alle…
2 activities
- De vennootschap heeft tot voorwerp ondernemingen en organisaties bij te staan en op te leiden in het definiëren en beheren van projecten en programma's.
- De vennootschap mag alle industriële,commerciële en financiële,roerende en onroerende verrichtingen doen,die kunnen bijdragen tot het verwezenlijken of het vergemakkelijken van het voorwerp,met inbegrip van:het deelnemen in alle ondernemingen die een gelijkaardig voorwerp nastreven of waarvan het voorwerp in nauw verband met het hare staat,kredieten en leningen aangaan en toestaan,zich voor derden borg stellen door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak..
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 19-11-2025
Read from the deeds: 2 provisions, deed of 19-11-2025