Checked.be
Active
BE 0410.699.483Non-profit association
Source
Zennestraat 78 ·1000 Brussel, Belgium· 67 yrs active
Sector: NACE 87992
(87992)
Conclusion
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.
Based on the State Gazette, CBE and 8 annual accounts.
Key figures
| Equity | €1.93M |
| Net result | €11k |
| Staff (FTE) | 31.3 |
| Active | 67 yrs |
Snowflake analysis
73
/ 100
Strong profile, led by solvency.
Health
86
Profitability
3
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
< 0.1%
Very low
0%0,5%1,5%4%10%≥25%
Lower-risk legal form
−Lower-failure-rate sector
−Long track record
−
Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1959 — 67 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags
No administrative flags
Health barometer
86
/ 100
Excellent
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.
Financial overview
Annual accounts filed on 09-06-2026 with the NBB · fiscal year 2025 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts — not a forecast, the extended trend.
growing
Equity: growth of ~8.2%/year over 8 fiscal years — indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
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).
€151k
+124.4%
-11% vs sector
€11k
-85.5%
-87% vs sector
€183k
-19.4%
+23% vs sector
€3.19M
+1.6%
+110% vs sector
€1.93M
+2.0%
+89% vs sector
€793k
-6.5%
+148% vs sector
31
-5.4%
+96% vs sector
€1.93M
+3.8%
+78% vs sector
€-9
—
18–25
€857k
-4.1%
+104% vs sector
€412k
-1.0%
+58% vs sector
€433k
-7.1%
+114% vs sector
2.92
-3.8%
+21% vs sector
2.92
-3.8%
+21% vs sector
60.4%
+0.4%
-16% vs sector
0.44
-6.0%
+19% vs sector
0.6%
-85.8%
-93% vs sector
0.4%
-85.7%
-93% vs sector
11.27
+120.4%
-88% vs sector
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| 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 |
Ratios (computed)
| 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) | — |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| 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 |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Legal Structure
| NACE primary | 87992 |
| Legal form | Non-profit association(017) |
| Incorporation | 17-01-1959 |
| Status | Active |
| Postal code | 1000 |
Establishment units
Source
since 20062.154.677.430
Source
since 20082.231.793.321
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
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.
Brussels
2
(100%)
| 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. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data — this is not proof of ownership.
Updates
A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2026
09-06-2026
NBB filing
Annual accounts filed
2025
05-06-2025
NBB filing
Annual accounts filed
2024
16-05-2024
NBB filing
Annual accounts filed
2023
03-07-2023
NBB filing
Annual accounts filed
2022
06-12-2022
State Gazette act
Director changes
24-06-2022
NBB filing
Annual accounts filed
2021
16-06-2021
NBB filing
Annual accounts filed
2020
22-06-2020
NBB filing
Annual accounts filed
2019
24-05-2019
NBB filing
Annual accounts filed
2018
09-08-2018
NBB filing
Annual accounts filed
2017
12-12-2017
NBB filing
Annual accounts filed
Belgisch Staatsblad — acts
All acts · 1
updated 3 years ago
2022
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
}Credit advice
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Company registry (CBE)
Activities
Overige maatschappelijke dienstverlening met huisvesting, n.e.g.85316Algemeen welzijnswerk met huisvesting87902Algemeen welzijnswerk met huisvesting87992
Primary activity highlighted.
Names & trade names
| Legal name | Source |
Registered office
Zennestraat 78
1000 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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