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Source

Active
Non-profit associationfounded 1959active for 67 yearsZennestraat 78, 1000 Brussel, BelgiumKBO/BCE: BE 0410.699.483
Summary

Source has been active since 1959 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €11,200. Equity is growing by about 8.2% per year across the filed financial years. Its solvency ranks better than 66% of 692 sector peers (NACE 87, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Residential care activities
NACE 87992
7th oldest company in Brussels, Health and social work sector2 sites
Size
€3.2mtotal assets 2025
Staff
31.3 FTE
Equity
€1.9m
Surplus
€11,200
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
6 members
Accounts 52 days early4 of 12 deeds read
Why 94raises riskLiquidity: current ratio 2.92, cash €196,382lowers riskLegal form: non-profit associationSector: Residential care activities (NACE 87)Equity €1.9m (60.4% of total assets)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 51% of its sector peers (NACE 87, small)
Financial strength · tick = 2024
Strong
Solvency 85=
equity 60.4% of total assets
Liquidity 56-5
short-term debt 12.9% · cash 6.2%
Profitability 69+5
return on assets 0.4%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (613 companies, NACE 87, small)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025highest value 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025lowest value 08-2025: < 0.1%● unchanged vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €180,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.92, compared with 3.04 in 2024, above the usual 1.5; short-term debt: 12.9% and cash: 6.2% of total assets), and 39.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 87, small): better than 64% on solvency, 47% on liquidity, 47% on profitability and 48% on growth.

The bankruptcy probability was computed on 21-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
lowers risk · Sector: Residential care activities (NACE 87)
KBO
raises risk · Liquidity: current ratio 2.92, cash €196,382
NBB · annual accounts
lowers risk · Equity €1.9m (60.4% of total assets)
NBB · annual accounts
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
52 days early
2024
56 days early
2023
76 days early
2022
28 days early
2021
37 days early
2020
45 days early
2019
39 days early
← 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 48 days before the deadline; the sector median (NACE 87) for financial year 2024 is 27 days before the deadline, and 25% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
22-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Highest result from 2018 to 2025net €77,181 ▲152%

Financials · financial year 2025, full format

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€11,200▼ 85.5%
2024 · €77,181
Working capital
€792,858▼ 6.5%
2024 · €848,169
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result stays negative: a loss of €20,646 in 2025 against €82,442 in 2024; the loss shrinks.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€0.02m 2025 Net result€0.01m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 87, Residential care activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€0.05m--€0.03m▲ 38.1%-€0.006m▲ 82.2%€0.005m-€0.004m-€0.06m▼ 1,259%-€0.08m▼ 49.2%-€0.02m▲ 75.0%
Net result-€0.04m--€0.01m▲ 69.1%€0.02mwithin the sector's middle half€0.02mwithin the sector's middle half▲ 4.1%€0.05mwithin the sector's middle half▲ 104%€0.03mwithin the sector's middle half▼ 32.2%€0.08mwithin the sector's middle half▲ 152%€0.01mwithin the sector's middle half▼ 85.5%
Equity€1.2m-€1.2m▼ 1.9%€1.2mwithin the sector's middle half▲ 6.3%€1.2mwithin the sector's middle half▲ 1.6%€1.8mabove the sector's middle half▲ 40.5%€1.7mabove the sector's middle half▼ 0.4%€1.9mabove the sector's middle half▲ 8.1%€1.9mwithin the sector's middle half▲ 2.0%
Total assets€1.9m-€1.9m▲ 0.2%€1.9mwithin the sector's middle half▲ 0.2%€2.6mwithin the sector's middle half▲ 36.9%€3.1mwithin the sector's middle half▲ 17.9%€3.0mwithin the sector's middle half▼ 2.6%€3.1mwithin the sector's middle half▲ 5.6%€3.2mwithin the sector's middle half▲ 1.6%
Debt€0.7m-€0.7m▼ 0.4%€0.6m▼ 7.2%€1.2m▲ 90.4%€1.1m▼ 12.6%€0.9m▼ 12.6%€0.9m▼ 3.6%€0.9m▼ 4.1%
Working capital€0.7m-€0.7m▼ 0.1%€0.7mabove the sector's middle half▼ 2.6%€1.2mabove the sector's middle half▲ 76.7%€0.6mwithin the sector's middle half▼ 48.7%€0.6mwithin the sector's middle half▼ 4.0%€0.8mabove the sector's middle half▲ 41.0%€0.8mwithin the sector's middle half▼ 6.5%
Solvency62.6%-61.2%▼ 1.3pp65.0%above the sector's middle half▲ 3.7pp48.2%within the sector's middle half▼ 16.7pp57.5%within the sector's middle half▲ 9.2pp58.8%within the sector's middle half▲ 1.3pp60.2%within the sector's middle half▲ 1.4pp60.4%within the sector's middle half▲ 0.3pp
Current ratio3.24-3.13▼ 0.123.27above the sector's middle half▲ 0.143.66above the sector's middle half▲ 0.392.18within the sector's middle half▼ 1.482.47above the sector's middle half▲ 0.293.04above the sector's middle half▲ 0.572.92above the sector's middle half▼ 0.11
Return on assets (ROA)-1.9%--0.6%▲ 1.3pp1.1%within the sector's middle half▲ 1.7pp0.9%within the sector's middle half▼ 0.3pp1.5%within the sector's middle half▲ 0.6pp1.0%within the sector's middle half▼ 0.4pp2.5%within the sector's middle half▲ 1.4pp0.4%within the sector's middle half▼ 2.1pp
Staff (FTE)30.3-30.7▲ 1.3%29.6within the sector's middle half▼ 3.6%31.9within the sector's middle half▲ 7.8%33.3within the sector's middle half▲ 4.4%33.1within the sector's middle half▼ 0.6%33.1within the sector's middle half=31.3within the sector's middle half▼ 5.4%
above within below the middle half of NACE 87, Residential care activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets €2.0m ▲ 5.9%
Current assets €1.2m ▼ 4.7%
Equity and liabilities €3.2m
Equity €1.9m ▲ 2.0%
Provisions €405,500 ▲ 13.7%
Debt €856,831 ▼ 4.1%
Debt's share of the balance-sheet total falls from 28.5% to 26.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€150,956▲
2024 · €67,265
Cash flow
€182,803▼
2024 · €226,888
Debt to equity
0.44▼
2024 · 0.47
ROE
0.6%▼
2024 · 4.1%
Interest coverage
11.27▲
2024 · 5.11
Debt ≤ 1 year
€411,997▼
2024 · €416,081
Debt > 1 year
€432,703▼
2024 · €465,531
Income taxes
-€9▼
2024 · €1,362
Staff costs
€1.9m▲
2024 · €1.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.1% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96.1% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 14,766 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet Code20242025
Assets
Total assets20/58€3.1m€3.2m▲
Fixed assets21/28€1.9m€2.0m▲
Intangible fixed assets21-€0.002m
Tangible fixed assets22/27€1.9m€2.0m▲
Land and buildings22€1.8m€2.0m▲
Plant, machinery and equipment23€0.09m-
Furniture and vehicles24€0.01m€0.007m▼
Financial fixed assets28€0.001m€0.001m▲
Current assets29/58€1.3m€1.2m▼
Amounts receivable within one year40/41€0.2m€0.3m▲
Trade receivables40€0.02m€0.06m▲
Other amounts receivable41€0.2m€0.2m▲
Current investments50/53€0.7m€0.7m▼
Cash at bank and in hand54/58€0.3m€0.2m▼
Deferred charges and accrued income490/1€0.01m€0.007m▼
Equity and liabilities
Total equity and liabilities10/49€3.1m€3.2m▲
Equity10/15€1.9m€1.9m▲
Contributions10/11€0.1m€0.1m=
Capital10€0.1m€0.1m=
Reserves13€0.3m€0.3m=
Profit (loss) carried forward14€0.07m€0.08m▲
Investment grants15€1.4m€1.4m▲
Provisions and deferred taxes16€0.4m€0.4m▲
Provisions for liabilities and charges160/5€0.4m€0.4m▲
Major repairs and maintenance162€0.3m€0.3m=
Other liabilities and charges164/5€0.06m€0.1m▲
Amounts payable17/49€0.9m€0.9m▼
Amounts payable after more than one year17€0.5m€0.4m▼
Financial debts170/4€0.5m€0.4m▼
Amounts payable within one year42/48€0.4m€0.4m▼
Current portion of amounts payable after more than one year42€0.03m€0.03m▲
Trade debts44€0.02m€0.02m▲
Suppliers440/4€0.02m€0.02m▲
Taxes, remuneration and social security45€0.4m€0.3m▼
Taxes450/3€0.06m€0.06m▲
Remuneration and social security454/9€0.3m€0.3m▼
Accrued charges and deferred income492/3€0.01m€0.01m▲
Income statement Code20242025
Non-recurring operating income76A€0.007m€0.003m▼
Remuneration, social security and pensions62€1.9m€1.9m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.2m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.007m-€0.01m▼
Other operating charges640/8€0.009m€0.02m▲
Non-recurring operating charges66A€0.007m€0.003m▼
Gross operating margin9900€2.0m€2.1m▲
Operating profit (loss)9901-€0.08m-€0.02m▲
Financial income75/76B€0.2m€0.07m▼
Recurring financial income75€0.1m€0.003m▼
Non-recurring financial income76B€0.08m€0.07m▼
Financial charges65/66B€0.02m€0.04m▲
Recurring financial charges65€0.01m€0.01m▲
Non-recurring financial charges66B€0.007m€0.02m▲
Profit (loss) for the period before taxes9903€0.08m€0.01m▼
Income taxes67/77€0.001m-€9▼
Profit (loss) for the period9904€0.08m€0.01m▼
Profit (loss) for the period to be appropriated9905€0.08m€0.01m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.08m▼
Profit (loss) brought forward from the previous period14P€0.04m€0.07m▲
Addition to contributions691€0.05m-
Social balance sheet
Average headcount (FTE)908733.131.3▼

The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€0.02m€0.04m€0.002m€0.007m€0.003m▼ 52.0%
Remuneration, social security and pensions62---€1.5m€1.7m€1.7m€1.9m€1.9m▲ 3.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.06m€0.05m€0.06m€0.06m€0.1m€0.1m€0.1m€0.2m▲ 14.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€0.001m--€0.005m€0.007m-€0.01m-
Other operating charges640/8---€0.01m€0.001m€0.03m€0.009m€0.02m▲ 168%
Non-recurring operating charges66A---€0.002m€0.002m-€0.007m€0.003m▼ 53.3%
Gross operating margin9900€1.4m€1.5m€1.5m€1.7m€2.0m€1.9m€2.0m€2.1m▲ 6.6%
Operating profit (loss)9901-€0.05m-€0.03m-€0.006m€0.005m-€0.004m-€0.06m-€0.08m-€0.02m▲ 75.0%
Financial income75/76B---€0.03m€0.06m€0.1m€0.2m€0.07m▼ 61.8%
Recurring financial income75€0.03m€0.02m€0.03m€0.03m€0.06m€0.1m€0.1m€0.003m▼ 97.4%
Non-recurring financial income76B-----€0.01m€0.08m€0.07m▼ 16.6%
Financial charges65/66B---€0.009m€0.01m€0.02m€0.02m€0.04m▲ 86.3%
Recurring financial charges65€0.009m€0.009m€0.008m€0.009m€0.01m€0.01m€0.01m€0.01m▲ 1.8%
Non-recurring financial charges66B-----€0.006m€0.007m€0.02m▲ 248%
Profit (loss) for the period before taxes9903-€0.04m-€0.02m€0.02m€0.02m€0.05m€0.03m€0.08m€0.01m▼ 85.8%
Income taxes67/77-----€0.001m€0.001m-€9-
Profit (loss) for the period9904-€0.04m-€0.01m€0.02m€0.02m€0.05m€0.03m€0.08m€0.01m▼ 85.5%
Profit (loss) for the period to be appropriated9905-€0.04m-€0.01m€0.02m€0.02m€0.05m€0.03m€0.08m€0.01m▼ 85.5%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€1.9m€1.9m€1.9m€2.6m€3.1m€3.0m€3.1m€3.2m▲ 1.6%
Fixed assets21/28€0.9m€0.8m€0.9m€0.9m€1.9m€2.0m€1.9m€2.0m▲ 5.9%
Intangible fixed assets21-------€0.002m-
Tangible fixed assets22/27€0.9m€0.8m€0.9m€0.9m€1.9m€2.0m€1.9m€2.0m▲ 5.8%
Land and buildings22---€0.8m€1.8m€1.9m€1.8m€2.0m▲ 11.2%
Plant, machinery and equipment23---€0.07m€0.05m€0.05m€0.09m--
Furniture and vehicles24---€0.01m€0.003m€0.01m€0.01m€0.007m▼ 38.3%
Financial fixed assets28€0.001m€0.001m€0.001m€0.001m€0.001m€0.001m€0.001m€0.001m▲ 0.7%
Current assets29/58€1.0m€1.0m€1.0m€1.7m€1.2m€1.0m€1.3m€1.2m▼ 4.7%
Amounts receivable within one year40/41€0.4m€0.2m€0.09m€0.1m€0.2m€0.4m€0.2m€0.3m▲ 44.6%
Trade receivables40---€0.03m€0.05m€0.08m€0.02m€0.06m▲ 210%
Other amounts receivable41---€0.1m€0.1m€0.3m€0.2m€0.2m▲ 26.5%
Current investments50/53€0.4m€0.6m€0.6m€0.6m€0.4m€0.5m€0.7m€0.7m▼ 3.7%
Cash at bank and in hand54/58€0.3m€0.3m€0.3m€0.9m€0.5m€0.2m€0.3m€0.2m▼ 38.0%
Deferred charges and accrued income490/1---€0.04m€0.04m€0.01m€0.01m€0.007m▼ 41.8%
Equity and liabilities
Total equity and liabilities10/49€1.9m€1.9m€1.9m€2.6m€3.1m€3.0m€3.1m€3.2m▲ 1.6%
Equity10/15€1.2m€1.2m€1.2m€1.2m€1.8m€1.7m€1.9m€1.9m▲ 2.0%
Contributions10/11----€0.1m€0.1m€0.1m€0.1m=
Capital10----€0.1m€0.1m€0.1m€0.1m=
Reserves13---€0.8m€0.8m€0.3m€0.3m€0.3m=
Profit (loss) carried forward14-€0.04m-€0.05m-€0.03m-€0.003m€0.03m€0.04m€0.07m€0.08m▲ 15.8%
Investment grants15---€0.3m€0.8m€1.3m€1.4m€1.4m▲ 2.0%
Provisions and deferred taxes16€0.02m€0.04m€0.03m€0.1m€0.2m€0.3m€0.4m€0.4m▲ 13.7%
Provisions for liabilities and charges160/5---€0.1m€0.2m€0.3m€0.4m€0.4m▲ 13.7%
Major repairs and maintenance162---€0.1m€0.2m€0.2m€0.3m€0.3m=
Other liabilities and charges164/5---€0.03m€0.04m€0.06m€0.06m€0.1m▲ 89.1%
Amounts payable17/49€0.7m€0.7m€0.6m€1.2m€1.1m€0.9m€0.9m€0.9m▼ 4.1%
Amounts payable after more than one year17€0.4m€0.4m€0.3m€0.3m€0.5m€0.5m€0.5m€0.4m▼ 7.1%
Financial debts170/4---€0.3m€0.5m€0.5m€0.5m€0.4m▼ 7.1%
Amounts payable within one year42/48€0.3m€0.3m€0.3m€0.5m€0.5m€0.4m€0.4m€0.4m▼ 1.0%
Current portion of amounts payable after more than one year42---€0.02m€0.03m€0.03m€0.03m€0.03m▲ 2.3%
Trade debts44€0.03m€0.05m€0.03m€0.1m€0.2m€0.1m€0.02m€0.02m▲ 39.9%
Suppliers440/4---€0.1m€0.2m€0.1m€0.02m€0.02m▲ 39.9%
Taxes, remuneration and social security45---€0.3m€0.3m€0.2m€0.4m€0.3m▼ 6.2%
Taxes450/3---€0.03m€0.002m€0.002m€0.06m€0.06m▲ 1.3%
Remuneration and social security454/9---€0.3m€0.3m€0.2m€0.3m€0.3m▼ 7.7%
Accrued charges and deferred income492/3---€0.4m€0.001m€0.02m€0.01m€0.01m▲ 0.5%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€0.04m-€0.01m€0.02m€0.02m€0.05m€0.03m€0.08m€0.01m▼ 85.5%
+ Depreciation and write-downs630€0.06m€0.05m€0.06m€0.06m€0.1m€0.1m€0.1m€0.2m▲ 14.6%
Operating cash flow (approximation)€0.03m€0.03m€0.08m€0.08m€0.2m€0.2m€0.2m€0.2m▼ 19.4%
Investment in fixed assets (approximation)--€0.03m-€0.1m-€0.07m-€1.1m-€0.2m-€0.06m-€0.3m▼ 345%
Change in cash-€0.01m€0.03m€0.6m-€0.3m-€0.4m€0.2m-€0.1m-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 20 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 09-06-2026 2026-00146017
31-12-2024 full format 05-06-2025 2025-00121991
31-12-2023 full format 16-05-2024 2024-00091391
31-12-2022 full format 03-07-2023 2023-00188040
31-12-2021 full format 24-06-2022 2022-20088287
31-12-2020 full format 16-06-2021 2021-20400369
31-12-2019 full format 22-06-2020 2020-19400190
31-12-2018 full format 24-05-2019 2019-15100503
31-12-2017 full format 09-08-2018 2018-44200388
31-12-2016 full format 12-12-2017 2017-71700248

Show all 20 filings

Subsidies and aid

Wallonia-Brussels Federation

2023 to 2025 · 12 entries · €54,324 in total

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
under verification, last change in 2023
This board is reconstructed from a single act (23149917). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Board 6

De Longueville Alain
Director · since 28-05-2023
Current
Mertens Thierry
Director · since 28-05-2023
Current
Meyer Claire
Director · since 28-05-2023
Current
Taymans Jean-François
Director · since 28-05-2023
Current
van der Bruggen Guy
Director · since 28-05-2023
Current
van Nuffel d'Heynsbroeck Eric
Director · since 28-05-2023
Current

Other functions 6

De Longueville Alain
Beheerder · since 28-05-2023
Current
Mertens Thierry
Bewindvoerder · since 28-05-2023
Current
Meyer Claire
Beheerder · since 28-05-2023
Current
Taymans Jean-François
Beheerder · since 28-05-2023
Current
van der Bruggen Guy
Beheerder · since 28-05-2023
Current
van Nuffel d'Heynsbroeck Eric
Beheerder · since 28-05-2023
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
8 of this company's 12 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

6 people since 2023, 6 in office
Show
  • Board
  • Other function
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
De Longueville Alain
  • Director, since before 28-05-2023
  • Beheerder, since before 28-05-2023
Mertens Thierry
  • Director, from 28-05-2023 to date
  • Bewindvoerder, from 28-05-2023 to date
Meyer Claire
  • Director, since before 28-05-2023
  • Beheerder, since before 28-05-2023
Taymans Jean-François
  • Director, since before 28-05-2023
  • Beheerder, since before 28-05-2023
van der Bruggen Guy
  • Director, since before 28-05-2023
  • Beheerder, since before 28-05-2023
van Nuffel d'Heynsbroeck Eric
  • Director, since before 28-05-2023
  • Beheerder, since before 28-05-2023
See the board, name and registered office on a given date →

Owners and capital

Owners

This non-profit association has no shareholders or capital.

Group and network

Connections & network

6 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 17 January 1959, Source was incorporated.1 Total assets went from €1.9m in 2018 to €3.2m in 2025 and headcount from 30.3 to 31.3 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
09-06
NBB filing Annual accounts filed
financial year 2025 · full format
2025
05-06
NBB filing Annual accounts filed
financial year 2024 · full format
2024
31-12
Financial Highest result from 2018 to 2025net €77,181 ▲152%
Net result €77,181, the highest in the series.
16-05
NBB filing Annual accounts filed
financial year 2023 · full format
18-01
Gazette deed Purpose · Amendment of the articles
2 facts ▸
  • General meeting, 13-12-2023
  • Amendment of the articles, “Artikel 4” (deed in Dutch)
2023
24-11
Gazette deed Appointment: Mertens Thierry (bewindvoerder)
Reappointments: van Nuffel d'Heynsbroeck Eric, Taymans Jean-François and 3 others · Amendment of the articles8 facts ▸
  • Director appointment, Mertens Thierry (bewindvoerder)
  • Director reappointment, van Nuffel d'Heynsbroeck Eric (beheerder)
  • Director reappointment, Taymans Jean-François (beheerder)
  • Director reappointment, Meyer Claire (beheerder)
  • Director reappointment, van der Bruggen Guy (beheerder)
  • Director reappointment, De Longueville Alain (beheerder)
  • General meeting, 26-05-2023
  • Amendment of the articles
03-07
NBB filing Annual accounts filed
financial year 2022 · full format
2022
24-06
NBB filing Annual accounts filed
financial year 2021 · full format
2021
16-06
NBB filing Annual accounts filed
financial year 2020 · full format
2020
31-12
Financial Back to profitnet €21,255
Net result €21,255 after 2 loss-making years.
22-06
NBB filing Annual accounts filed
financial year 2019 · full format
2019
24-05
NBB filing Annual accounts filed
financial year 2018 · full format
2018
09-08
NBB filing Annual accounts filed
financial year 2017 · full format · 9 days late
2017
12-12
NBB filing Annual accounts filed
financial year 2016 · full format · 134 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 20 annual accounts filed, the latest 10 are here; all 20 are under Financials. An act published in both Dutch and French appears here once.
4 of 12 deeds read
About the unread acts

Of the 12 Belgian Official Gazette deeds we know for this company, 4 have been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formNon-profit association
Founded17-01-1959
Financial year end31-12
Activities, NACEBEL 2025
87992Residential care activities
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if you send it electronically, you need their agreement on a secure channel. The invoice remains valid; it is the customer, not you, who risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 22 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Recognitions · licences · registrations

Food safety, FASFC

2 sites
Brusselunit no. 2.154.677.430
1 permission
Authorisation · Andere grootkeuken (bereiding - distributie maaltijden) · since 27-06-2006
Brusselunit no. 2.231.793.321
1 permission
Authorisation · Andere grootkeuken (bereiding - distributie maaltijden) · since 07-08-2026

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2006
registered office establishment All 2 establishment units on the map
Ground area
661 m²
Building footprint
388 m²
Building volume
5,051 m³
2 parcels, Brussels · tallest building 21.7 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
2 establishment units
Source
Zennestraat 78, 1000 BrusselResidential care activities
since 2006unit no. 2.154.677.430
Source
Zennestraat 63, 1000 BrusselResidential care activities
since 2008unit no. 2.231.793.321
2 parcels
Brussels 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
21810L2558/00H004 Brussels 425 m² 1 · 161 m² 21.7 m · 6
21810L2558/00Y004 Brussels 236 m² 1 · 227 m² 17.3 m · 4
How the parcels are linked
Good to know
Both parcels match the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Elle crée et participe à la création de centres d'accueil et de lieux de rencontre destinés à promouvoir l'autonomie des bénéficiaires, leur…” (deed in French)
7 activities (deed in French)
  1. Elle crée et participe à la création de centres d'accueil et de lieux de rencontre destinés à promouvoir l'autonomie des bénéficiaires, leur bien-être physique et leur réinsertion dans la société.
  2. A cet effet, elle peut notamment favoriser et développer, principalement chez les adultes:
  3. A) Une prise de conscience et une connaissance critique des réalités de la société;
  4. B) Des capacités d'analyse, de choix, d'action et d'évaluation;
  5. C) Des attitudes de responsabilité et de participation active à la vie sociale, économique, culturelle et politique.
  6. L'association peut faire tous actes nécessaires ou utiles à la réalisation de son but. A cet effet, elle peut acquérir ou posséder en propriété ou autrement tous biens meubles et immeubles.
  7. Elle peut utiliser ces biens, les gérer ou les mettre à disposition.

The full purpose is in the deed

deed of 18-01-2024
DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
deed of 18-01-2024
Name clauseThe name the company operates under according to its articles.
Source
deed of 18-01-2024
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
One provision in the deed
deed of 18-01-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Two directors jointly
Board ruleHow the board is made up, meets and takes decisions.
“Raad van Bestuur, 14” (deed in Dutch)

deed of 18-01-2024

Capital, shares and profit

Membership ruleWho can become a member or partner, and on what terms.
“Aantal, Artikel 6” (deed in Dutch)
“Toelating, Artikel 7” (deed in Dutch)
“Rechten en plichten, Artikel 8” (deed in Dutch)
“Onbepaalde tijd, Ontslag,uitsluiting en overlijden” (deed in Dutch)

deed of 18-01-2024

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“21” (deed in Dutch)
deed of 18-01-2024
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Na vereffening van passiva, één of meer vereffenaars” (deed in Dutch)
deed of 24-11-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Personen,koppels en gezinnen in nood te ontvangen,onderdak te bieden en passende psychosociale steun te verlenen,met als fundamentele…” (deed in Dutch)
Other provision: “Algemene Vergadering-Samenstelling, Artikel 10” (deed in Dutch)
Other provision: “Algemene Vergadering-Bevoegdheid, Artikel 11” (deed in Dutch)
Other provision: “Algemene Vergadering-Vergaderingen, Artikel 12” (deed in Dutch)
Other provision: “Voorzitter van Raad van Bestuur of,bij afwezigheid,oudste aanwezige bestuurder, elk lid kan zich schriftelijk,per fax of per e-mail door…” (deed in Dutch)
Other provision: “Bevoegdheid Raad van Bestuur, 15” (deed in Dutch)
Other provision: “Delegatie dagelijks bestuur en bijzondere mandaten, 16” (deed in Dutch)
Other provision: “Intern reglement, 18” (deed in Dutch)
Other provision: “Werking Raad van Bestuur, schriftelijk of per e-mail” (deed in Dutch)
Other provision: “E-mailadressen en register, 22” (deed in Dutch)
Other provision: “Alle aangelegenheden betreffende uitoefening mandaat, keuze van domicilie” (deed in Dutch)
Other provision: “Slotbepaling, 24” (deed in Dutch)

deed of 18-01-2024