SOURCE
ActiveSummary
The computed 12-month bankruptcy probability of SOURCE is 1.7% (moderate). The 2024 annual accounts show equity of €46k and a net result of €-6k. Equity is growing by ~50.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 997 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability7▼-93
Solvency93▲+4
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 3.0 against 2.7 in 2023; short-term debt: 32.1% and cash: 23.7% of total assets), and 32.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
67.8%
Return on assets
-9.3%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
14 d late
2022
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€46k▼ 12.1%
2023 · €52k
2022: €-329lowest in 3 years
2023: €52k▲ +15898% vs 2022highest in 3 years
2024: €46k▼ -12.1% vs 2023
2022 → 2024
Total assets
€67k▼ 17.2%
2023 · €81k
2022: €11klowest in 3 years
2023: €81k▲ +668% vs 2022highest in 3 years
2024: €67k▼ -17.2% vs 2023
2022 → 2024
Net result
€-6k
2023 · €52k
2022: €-3k
2023: €52k▲ +1671% vs 2022highest in 3 years
2024: €-6k▼ -112% vs 2023lowest in 3 years
2022 → 2024
Working capital
€43k▼ 13.2%
2023 · €50k
2022: €-4klowest in 3 years
2023: €50k▲ +1300% vs 2022highest in 3 years
2024: €43k▼ -13.2% vs 2023
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€-329-€52k€46k▼ 12.1%
2022: €-329lowest in 3 years
2023: €52k▲ +15898% vs 2022highest in 3 years
2024: €46k▼ -12.1% vs 2023
Operating result€-3k-€66k€-5k
2022: €-3k
2023: €66k▲ +2099% vs 2022highest in 3 years
2024: €-5k▼ -107% vs 2023lowest in 3 years
Net result€-3k-€52k€-6k
2022: €-3k
2023: €52k▲ +1671% vs 2022highest in 3 years
2024: €-6k▼ -112% vs 2023lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €5k after €66k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €67k
Fixed assets
€2k ▲ 14.2%
Current assets
€65k ▼ 18.0%
Equity and liabilities €67k
Equity
€46k ▼ 12.1%
Debt
€22k ▼ 26.2%
Debt's share of the balance-sheet total falls from 36.1% to 32.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-4k▼
2023 · €68k
Cash flow
€-5k▼
2023 · €55k
Current ratio
3.00▲
2023 · 2.70
Debt to equity
0.48▼
2023 · 0.57
ROE
-13.7%▼
2023 · 100.6%
ROA
-9.3%▼
2023 · 64.3%
Interest coverage
-2.37▼
2023 · 268.93
Debt ≤ 1 year
€22k▼
2023 · €29k
Income taxes
€737▼
2023 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€81k€67k▼
Fixed assets21/28€2k€2k▲
Tangible fixed assets22/27€2k€2k▲
Furniture and vehicles24€2k€2k▲
Current assets29/58€79k€65k▼
Amounts receivable within one year40/41€37k€48k▲
Trade receivables40€37k€27k▼
Other amounts receivable41-€21k
Cash at bank and in hand54/58€42k€16k▼
Deferred charges and accrued income490/1€187€667▲
Equity and liabilities
Total equity and liabilities10/49€81k€67k▼
Equity10/15€52k€46k▼
Contributions10/11€3k€3k=
Reserves13€49k€43k▼
Distributable reserves133€49k€43k▼
Amounts payable17/49€29k€22k▼
Amounts payable within one year42/48€29k€22k▼
Trade debts44€62€15k▲
Suppliers440/4€62€15k▲
Taxes, remuneration and social security45€28k€6k▼
Taxes450/3€26k€6k▼
Remuneration and social security454/9€2k-
Other amounts payable47/48€1k€773▼
Accrued charges and deferred income492/3€88€66▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€793▼
Other operating charges640/8€339€631▲
Gross operating margin9900€68k€-3k▼
Operating profit (loss)9901€66k€-5k▼
Financial income75/76B-€645
Recurring financial income75-€645
Financial charges65/66B€253€2k▲
Recurring financial charges65€253€2k▲
Profit (loss) for the period before taxes9903€66k€-6k▼
Income taxes67/77€13k€737▼
Profit (loss) for the period9904€52k€-6k▼
Profit (loss) for the period to be appropriated9905€52k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€-6k▼
Profit (loss) brought forward from the previous period14P€-3k-
Transfer from equity791/2-€6k
Transfer to equity691/2€49k-
To other reserves6921€49k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €744 | €2k | €793 | ▼ 65.2% |
| Other operating charges640/8 | €432 | €339 | €631 | ▲ 86.4% |
| Non-recurring operating charges66A | €3k | - | - | - |
| Gross operating margin9900 | €531 | €68k | €-3k | ▼ 105% |
| Operating profit (loss)9901 | €-3k | €66k | €-5k | ▼ 107% |
| Financial income75/76B | - | - | €645 | - |
| Recurring financial income75 | - | - | €645 | - |
| Financial charges65/66B | €5 | €253 | €2k | ▲ 530% |
| Recurring financial charges65 | €5 | €253 | €2k | ▲ 530% |
| Profit (loss) for the period before taxes9903 | €-3k | €66k | €-6k | ▼ 108% |
| Income taxes67/77 | €30 | €13k | €737 | ▼ 94.5% |
| Profit (loss) for the period9904 | €-3k | €52k | €-6k | ▼ 112% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €52k | €-6k | ▼ 112% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €11k | €81k | €67k | ▼ 17.2% |
| Fixed assets21/28 | €4k | €2k | €2k | ▲ 14.2% |
| Tangible fixed assets22/27 | €4k | €2k | €2k | ▲ 14.2% |
| Furniture and vehicles24 | €4k | €2k | €2k | ▲ 14.2% |
| Current assets29/58 | €7k | €79k | €65k | ▼ 18.0% |
| Amounts receivable within one year40/41 | - | €37k | €48k | ▲ 28.9% |
| Trade receivables40 | - | €37k | €27k | ▼ 27.9% |
| Other amounts receivable41 | - | - | €21k | - |
| Cash at bank and in hand54/58 | €6k | €42k | €16k | ▼ 61.6% |
| Deferred charges and accrued income490/1 | €516 | €187 | €667 | ▲ 257% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €11k | €81k | €67k | ▼ 17.2% |
| Equity10/15 | €-329 | €52k | €46k | ▼ 12.1% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Reserves13 | - | €49k | €43k | ▼ 12.8% |
| Distributable reserves133 | - | €49k | €43k | ▼ 12.8% |
| Profit (loss) carried forward14 | €-3k | - | - | - |
| Amounts payable17/49 | €11k | €29k | €22k | ▼ 26.2% |
| Amounts payable within one year42/48 | €11k | €29k | €22k | ▼ 26.2% |
| Trade debts44 | €2k | €62 | €15k | ▲ 24,455% |
| Suppliers440/4 | €2k | €62 | €15k | ▲ 24,455% |
| Taxes, remuneration and social security45 | €803 | €28k | €6k | ▼ 79.8% |
| Taxes450/3 | €803 | €26k | €6k | ▼ 78.7% |
| Remuneration and social security454/9 | - | €2k | - | - |
| Other amounts payable47/48 | €8k | €1k | €773 | ▼ 48.4% |
| Accrued charges and deferred income492/3 | €64 | €88 | €66 | ▼ 25.3% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €52k | €-6k | ▼ 112% |
| + Depreciation and write-downs630 | €744 | €2k | €793 | ▼ 65.2% |
| Operating cash flow (approximation) | €-3k | €55k | €-5k | ▼ 110% |
| Investment in fixed assets (approximation) | - | €-565 | €-1k | ▼ 95.1% |
| Change in cash | - | €35k | €-26k | ▼ 172% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Back to profitnet €52k
Net result €52k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 2.70
Current ratio from 0.62 to 2.70.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Eghezée · 1 establishment unit since 2022
Ground area
3,533 m²
Building footprint
99 m²
Parcel 92062D0046/00X002, Wallonia. Linked by address, not a title deed.
1 establishment unit
SOURCE
since 20222.335.378.532
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92062D0046/00X002 | Wallonia | 3,533 m² | 1 · 99 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,360 companies in sector 78100 we hold annual accounts for 1,363. 1,054 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
73300Public relations and communication consultancy
85592Vocational training
Scores and ratios are computed by Checked and are not a credit decision.