Source
The computed 12-month bankruptcy probability of Source is < 0.1% (very low). The 2025 annual accounts show equity of €1.93M and a net result of €11k. Equity is growing by ~8.2% per year across the filed fiscal years. The company has been active since 1959 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €1.93M |
| Net result | €11k |
| Staff (FTE) | 31.3 |
| Active | 67 yrs |
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
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).
Show 11 other metrics
| Fiscal year | 2025 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €151k |
| Net profit | €11k |
| Cash flow | €183k |
| Staff costs | €1.93M |
| Income taxes | €-9 |
| Dividends | - |
| Total assets | €3.19M |
| Equity | €1.93M |
| Debt | €857k |
| of which ≤ 1y | €412k |
| of which > 1y | €433k |
| Working capital | €793k |
| Employees (FTE) | 31.3 |
| 2025 | |
|---|---|
| Current ratio | 2.92 |
| Quick ratio | 2.92 |
| Working capital ratio | 24.9% |
| Solvency | 60.4% |
| Debt / equity | 0.44 |
| Long-term debt ratio | 0.22 |
| Interest coverage | 11.27 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.4% |
| ROE | 0.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (27 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €3.19M |
| Fixed assets | 21/28 | €1.98M |
| Intangible fixed assets | 21 | €2k |
| Tangible fixed assets | 22/27 | €1.98M |
| Financial fixed assets | 28 | €1k |
| Current assets | 29/58 | €1.20M |
| Amounts receivable within one year | 40/41 | €303k |
| Investments | 50/53 | €698k |
| Cash & bank | 54/58 | €196k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.19M |
| Equity | 10/15 | €1.93M |
| Contributions / capital | 10/11 | €118k |
| Reserves | 13 | €321k |
| Accumulated profits (losses) | 14 | €82k |
| Provisions & deferred taxes | 16 | €406k |
| Amounts payable | 17/49 | €857k |
| Amounts payable after one year | 17 | €433k |
| Amounts payable within one year | 42/48 | €412k |
| Trade debts payable within one year | 44 | €21k |
| Income statement | ||
| Gross operating margin | 9900 | €2.15M |
| Operating result | 9901 | €-21k |
| Financial income | 75 | €3k |
| Financial charges | 65 | €13k |
| Result before taxes | 9903 | €11k |
| Income taxes | 67/77 | €-9 |
| Net result for the period | 9904 | €11k |
| Result to be appropriated | 9905 | €11k |
Former directors (1)
-
Beftost BardiauxDirector (executive)State Gazette act 22143767 (06-12-2022)Former- → 06-12-2022
| NACE primary | Algemeen welzijnswerk met huisvesting(87992) |
| Legal form | Non-profit association(017) |
| Incorporation | 17-01-1959 |
| Status | Active |
| Postal code | 1000 |
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. |
|---|---|---|---|---|
| 21810L2558/00H004 | Brussels | 425 m² | 1 · 161 m² | 21.7 m · 6 fl. |
| 21810L2558/00Y004 | Brussels | 236 m² | 1 · 227 m² | 17.3 m · 4 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
06-12-2022 Beftost Bardiaux resigns as director (executive)
- Beftost Bardiaux, Directeur
Technical details
{
"events": [
{
"kind": "director_out",
"role": "directeur",
"person": {
"rrn": null,
"name": "Beftost Bardiaux",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": null,
"via_org": null,
"statutory": "statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "Beftost Bardiaux est d\u00E9missionniare du conseil d\u0027administration et rend son mondat d\u0027administrateur et de tr\u00E9sorier Le CA accepte sa d\u00E9mission.",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Bruxelles",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2022-12-06",
"filing_date": "2022-11-24",
"act_kind_objet": "D\u00E9mission d\u0027un membre du consell d\u0027administration"
},
"decisions": [
{
"body": "conseil_d\u0027administration",
"date": "2022-06-09",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0410.699.483",
"name_full": "Source ASBL",
"legal_form": "ASBL"
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}| Legal name | Source |