Financials
- Fiscal year
- 2024
- Total assets
- €52,591
- Profit
- €3,201
- Solvency
- 24.4%
Total assets▲ 30.9%
Net result
20182024
SORCE SECURITY
ActiveSummary
The computed 12-month bankruptcy probability of SORCE SECURITY is 1.8% (moderate). The 2024 annual accounts show equity of €12,826 and a net result of €3,201. Equity is shrinking by ~7% per year across the filed fiscal years. The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Joinery installation
NACE 43320
1 site
Size
€52,591total assets 2024
- Equity
- €12,826
- Profit
- €3,201
Turnover not published (abridged schema)
Structure
Accounts 38 d early0 of 3 deeds read
Why 55- Figures for FY 2024 (filed 22-05-2025)- Liquidity: current ratio 1.20, cash €3,733+ Founded in 2008+ Size: total assets €52,591Show the evidence
Checked score
Score 2024
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 49% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
49=
equity 24.4% of total assets
Liquidity
49+33
short-term debt 25.2% · cash 7.1%
Profitability
76-24
return on assets 6.1%
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.7%
12-2024: 1.7%● 0.0% vs 11-2024
01-2025: 1.7%● 0.0% vs 12-2024
02-2025: 1.7%● 0.0% vs 01-2025
03-2025: 1.7%▲ +0.8% vs 02-2025
04-2025: 1.7%▼ -0.5% vs 03-2025
05-2025: 1.6%▼ -3.3% vs 04-2025
06-2025: 0.9%▼ -45.0% vs 05-2025
07-2025: 0.9%● 0.0% vs 06-2025
08-2025: 0.9%● 0.0% vs 07-2025
09-2025: 0.9%● 0.0% vs 08-2025
10-2025: 0.9%● 0.0% vs 09-2025
11-2025: 0.9%● 0.0% vs 10-2025
12-2025: 0.9%● 0.0% vs 11-2025
01-2026: 0.9%▼ -1.6% vs 12-2025
02-2026: 0.9%● 0.0% vs 01-2026
03-2026: 0.9%▼ -1.5% vs 02-2026
04-2026: 0.9%▲ +1.2% vs 03-2026
05-2026: 0.8%▼ -1.9% vs 04-2026
06-2026: 0.8%▼ -2.4% vs 05-2026
07-2026: 0.7%▼ -17.2% vs 06-2026lowest value
08-2026: 1.1%▲ +61.3% vs 07-2026
09-2026: 1.3%▲ +18.6% vs 08-2026
10-2026: 1.8%▲ +39.0% vs 09-2026highest value
- Figures for FY 2024 (filed 22-05-2025) raises the probability
- Founded in 2008 lowers the probability for this profile
- Size: total assets €52,591 lowers the probability for this profile
- Liquidity: current ratio 1.20, cash €3,733 raises the probability
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 0.81 in 2023; short-term debt: 25.2% and cash: 7.1% of total assets), and 75.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 26%, liquidity 41%, profitability 52%, growth against the median 77%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
71 d early
2023
50 d late
2022
52 d late
2021
57 d late
2020
26 d late
2019
111 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 20 September (4 of the last 5 filed years within 89 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-07-2027
- 23-06-2026Annual accounts filed
- 21-05-2025Annual accounts filed
- 19-09-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Joinery installationNACE 43320
- Founded
- 21-03-2008
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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