Re:Source
The computed 12-month bankruptcy probability of Re:Source is 2.2% (average). The 2024 annual accounts show negative equity (€-751k) and a net result of €-1.23M. Equity is shrinking by ~109.9% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-751k |
| Net result | €-1.23M |
| Staff (FTE) | 3.1 |
| Active | 4 yrs |
Mixed profile: strong on profitability, weaker on health.
Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?
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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).
| Fiscal year | 2024 |
|---|---|
| Revenue | — |
| EBITDA | €-536k |
| Net profit | €-1.23M |
| Cash flow | €-894k |
| Staff costs | €217k |
| Income taxes | €158 |
| Dividends | — |
| Total assets | €11.94M |
| Equity | €-751k |
| Debt | €12.69M |
| of which ≤ 1y | €5.28M |
| of which > 1y | €7.41M |
| Working capital | €-2.64M |
| Employees (FTE) | 3.1 |
| 2024 | |
|---|---|
| Current ratio | 0.50 |
| Quick ratio | 0.49 |
| Working capital ratio | -22.1% |
| Solvency | -6.3% |
| Debt / equity | -16.90 |
| Long-term debt ratio | -9.87 |
| Interest coverage | -1.45 |
| Gross margin | — |
| Net margin | — |
| ROA | -10.3% |
| ROE | 164.0% |
| EBITDA margin | — |
| Days sales outstanding | — |
| Days payable outstanding | — |
| Inventory turnover | — |
| Days inventory (DSI) | — |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet — Assets | ||
| TOTAL ASSETS | 20/58 | €11.94M |
| Fixed assets | 21/28 | €9.30M |
| Intangible fixed assets | 21 | €176k |
| Tangible fixed assets | 22/27 | €9.12M |
| Current assets | 29/58 | €2.64M |
| Stocks & contracts in progress | 3 | €41k |
| Amounts receivable within one year | 40/41 | €2.58M |
| Cash & bank | 54/58 | €21k |
| Balance sheet — Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €11.94M |
| Equity | 10/15 | €-751k |
| Contributions / capital | 10/11 | €781k |
| Accumulated profits (losses) | 14 | €-1.53M |
| Amounts payable | 17/49 | €12.69M |
| Amounts payable after one year | 17 | €7.41M |
| Amounts payable within one year | 42/48 | €5.28M |
| Trade debts payable within one year | 44 | €1.86M |
| Income statement | ||
| Gross operating margin | 9900 | €-319k |
| Operating result | 9901 | €-874k |
| Financial income | 75 | €13k |
| Financial charges | 65 | €371k |
| Result before taxes | 9903 | €-1.23M |
| Income taxes | 67/77 | €158 |
| Net result for the period | 9904 | €-1.23M |
| Result to be appropriated | 9905 | €-1.23M |
| NACE primary | Food manufacturing(10890) |
| Legal form | Public limited company(014) |
| Incorporation | 05-01-2022 |
| Status | Active |
| Postal code | 8710 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37017A0070/00X000 | Flanders | 5.3 ha | 1 · 3,911 m² | 0.3 m |
A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
12-03-2026 Registered office moved within Wielsbeke
- Breestraat 2, 8710 Wielsbeke → Lembeekstraat 2, 8710 Wielsbeke
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Lembeekstraat 2, 8710 Wielsbeke",
"city": "Wielsbeke",
"region": "vlaams_gewest",
"street": "Lembeekstraat",
"country": "BE",
"postcode": "8710",
"box_number": null,
"street_number": "2",
"locality_suffix": null
},
"old_address": {
"raw": "Breestraat 2, 8710 Wielsbeke",
"city": "Wielsbeke",
"region": "vlaams_gewest",
"street": "Breestraat",
"country": "BE",
"postcode": "8710",
"box_number": null,
"street_number": "2",
"locality_suffix": null
},
"effective_date": "2025-11-05",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2026-03-12",
"filing_date": "2026-03-04",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2025-12-02",
"unanimous": null
},
"subject_company": {
"kbo": "0779.748.752",
"name_full": "Re:Source",
"legal_form": "NV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": "IMPETUS INVEST BV",
"person_name": null,
"org_rep_person_name": "Ewoud DE GUSSEM",
"person_role_at_subject": null
},
"co_filed_documents": [
"beslissing van het college van burgemeester en schepenen van de gemeente Wielsbeke dd. 28 oktober 2025"
]
}10-10-2024 Registered office moved from HARELBEKE to WIELSBEKE
- Waterstraat 40, 8531 HARELBEKE → Breestraat 2, 8710 WIELSBEKE
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "WIELSBEKE",
"region": null,
"street": "Breestraat",
"country": "BE",
"postcode": "8710",
"box_number": null,
"street_number": "2"
},
"old_address": {
"city": "HARELBEKE",
"region": null,
"street": "Waterstraat",
"country": "BE",
"postcode": "8531",
"box_number": null,
"street_number": "40"
},
"effective_date": "2024-10-01",
"evidence_quote": "de zetel van de vennootschap, voorheen gevestigd te 8531 HARELBEKE, Waterstraat 40, met Ingang vanaf heden over te brengen naar 8710 WIELSBEKE, Breestraat 2."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0779.748.752",
"name_full": "RE:SOURCE",
"legal_form": "NV"
}
}16-05-2023 Capital increase of €460,000 to €781,000
- €321.000 → €781.000
Technical details
{
"events": [
{
"kind": "capital_increase",
"amount": 460000.0,
"currency": "EUR",
"after_eur": 781000.0,
"delta_eur": 460000.0,
"before_eur": 321000.0,
"amount_type": "kapitaal_effectief",
"effective_date": "2023-04-28",
"evidence_quote": "De vergadering besluit tot verhoging van het huidige kapitaal met vierhonderd zestigduizend euro (\u20AC 460.000,00), om het kapitaal van driehonderd eenentwintigduizend euro (\u20AC 321.000,00) te brengen op zevenhonderd eenentachtigduizend euro (\u20AC 781.000,00).",
"contribution_type": "cash"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0779.748.752",
"name_full": "RE:SOURCE",
"legal_form": "NV"
}
}02-01-2023 Articles of association amended
Technical details
{
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"statute_change": {
"name_change": false,
"seat_change": false,
"object_change": true,
"effective_date": "2022-12-16",
"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0779.748.752",
"name_full": "RE:SOURCE",
"legal_form": "NV"
},
"signature_regime": null,
"special_mandates": [],
"governance_change": {
"admin_delegated_added": []
}
}07-01-2022 Incorporation of a new NV
Technical details
{
"kind": "oprichting",
"seat": "Waterstraat 40, 8531 Harelbeke",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": {
"kbo": "0428.559.856",
"name": "IMSTO"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "A",
"partner_role": null,
"holder_org_kbo": "0428.559.856",
"holder_org_name": "IMSTO",
"contribution_type": "cash",
"amount_paid_in_eur": 160500,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 500,
"amount_subscribed_eur": 160500,
"is_anonymous_silent_partner": false
},
{
"org": {
"kbo": "0771.863.048",
"name": "IMPETUS INVEST"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "B",
"partner_role": null,
"holder_org_kbo": "0771.863.048",
"holder_org_name": "IMPETUS INVEST",
"contribution_type": "cash",
"amount_paid_in_eur": 160500,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 500,
"amount_subscribed_eur": 160500,
"is_anonymous_silent_partner": false
},
{
"org": {
"kbo": null,
"name": "KRIEL"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "A",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": "KRIEL",
"contribution_type": "cash",
"amount_paid_in_eur": 0,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 0,
"amount_subscribed_eur": 0,
"is_anonymous_silent_partner": false
},
{
"org": {
"kbo": null,
"name": "DIRATEC"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "A",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": "DIRATEC",
"contribution_type": "cash",
"amount_paid_in_eur": 0,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 0,
"amount_subscribed_eur": 0,
"is_anonymous_silent_partner": false
},
{
"org": {
"kbo": null,
"name": "IMPETUS"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "B",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": "IMPETUS",
"contribution_type": "cash",
"amount_paid_in_eur": 0,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 0,
"amount_subscribed_eur": 0,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 321000,
"subject_company": {
"kbo": "0779.748.752",
"name_full": "Re:Source",
"legal_form": "NV"
},
"initial_directors": [],
"incorporation_date": "2021-12-28",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Re:Source |