Sourced
ActiveSummary
Sourced has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29k and a net result of €31k. Equity is growing by ~22.9% per year across the filed fiscal years. Its solvency ranks better than 30% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+4
Solvency59▼-12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.5 against 1.7 in 2024; short-term debt: 59.4% and cash: 26.4% of total assets), but 66.1% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
4 d early
2024
29 d early
2023
5 d early
2022
6 d early
2021
2 d early
2020
27 d late
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€29k▼ 17.9%
2024 · €35k
Total assets
€84k▲ 12.0%
2024 · €75k
Net result
€31k▲ 87.0%
2024 · €16k
Working capital
€25k▼ 11.3%
2024 · €28k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€8k▲ 2,228%€28k▲ 235%€32k▲ 15.6%€19k▼ 40.9%€38k▲ 99.3%
Net result€6k€18k▲ 220%€27k▲ 49.4%€16k▼ 39.5%€31k▲ 87.0%
Equity€17k▲ 50.6%€35k▲ 108%€62k▲ 77.5%€35k▼ 43.7%€29k▼ 17.9%
Total assets€49k▼ 4.8%€54k▲ 8.3%€87k▲ 61.6%€75k▼ 13.0%€84k▲ 12.0%
Debt€33k▼ 20.0%€19k▼ 42.7%€25k▲ 32.1%€41k▲ 63.8%€56k▲ 37.8%
Working capital€13k▲ 56.5%€26k▲ 98.8%€54k▲ 110%€28k▼ 47.5%€25k▼ 11.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 99% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84k
Fixed assets
€9k ▲ 40.2%
Current assets
€75k ▲ 9.4%
Equity and liabilities €84k
Equity
€29k ▼ 17.9%
Debt
€56k ▲ 37.8%
Debt's share of the balance-sheet total rises from 53.7% to 66.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€41k▲
2024 · €23k
Cash flow
€34k▲
2024 · €20k
Current ratio
1.50▼
2024 · 1.70
Debt to equity
1.95▲
2024 · 1.16
ROE
106.7%▲
2024 · 46.9%
ROA
36.2%▲
2024 · 21.7%
Interest coverage
22.83▲
2024 · 17.71
Debt ≤ 1 year
€50k▲
2024 · €41k
Debt > 1 year
€4k
Income taxes
€8k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €6k | €4k | €4k | €3k | ▼ 21.3% |
| Other operating charges640/8 | - | €13k | €871 | €4k | €1k | ▼ 69.4% |
| Gross operating margin9900 | €14k | €47k | €38k | €27k | €43k | ▲ 56.7% |
| Operating profit (loss)9901 | €8k | €28k | €32k | €19k | €38k | ▲ 99.3% |
| Financial income75/76B | - | €2k | €3k | €3k | €2k | ▼ 20.2% |
| Recurring financial income75 | €3k | €2k | €3k | €3k | €2k | ▼ 20.2% |
| Financial charges65/66B | - | €2k | €1k | €1k | €2k | ▲ 39.2% |
| Recurring financial charges65 | €2k | €2k | €1k | €1k | €2k | ▲ 39.2% |
| Profit (loss) for the period before taxes9903 | €9k | €28k | €34k | €21k | €39k | ▲ 85.8% |
| Income taxes67/77 | €3k | €10k | €7k | €5k | €8k | ▲ 81.5% |
| Profit (loss) for the period9904 | €6k | €18k | €27k | €16k | €31k | ▲ 87.0% |
| Profit (loss) for the period to be appropriated9905 | €6k | €18k | €27k | €16k | €31k | ▲ 87.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49k | €54k | €87k | €75k | €84k | ▲ 12.0% |
| Fixed assets21/28 | €9k | €9k | €8k | €7k | €9k | ▲ 40.2% |
| Tangible fixed assets22/27 | €7k | €7k | €6k | €5k | €7k | ▲ 58.5% |
| Furniture and vehicles24 | - | €7k | €6k | €5k | €7k | ▲ 58.5% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €40k | €44k | €79k | €69k | €75k | ▲ 9.4% |
| Amounts receivable within one year40/41 | €33k | €36k | €53k | €60k | €52k | ▼ 13.0% |
| Trade receivables40 | - | - | - | €14k | €13k | ▼ 8.7% |
| Other amounts receivable41 | - | €36k | €53k | €46k | €39k | ▼ 14.3% |
| Cash at bank and in hand54/58 | €7k | €9k | €25k | €8k | €22k | ▲ 171% |
| Deferred charges and accrued income490/1 | - | - | €468 | €586 | €776 | ▲ 32.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49k | €54k | €87k | €75k | €84k | ▲ 12.0% |
| Equity10/15 | €17k | €35k | €62k | €35k | €29k | ▼ 17.9% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €12k | €29k | €29k | €29k | €22k | ▼ 21.7% |
| Non-distributable reserves130/1 | - | €311 | €311 | €0 | - | - |
| Reserves not available under the articles1311 | - | €311 | €311 | €0 | - | - |
| Distributable reserves133 | - | €28k | €28k | €29k | €22k | ▼ 21.7% |
| Profit (loss) carried forward14 | €-1k | - | €27k | €0 | €0 | - |
| Amounts payable17/49 | €33k | €19k | €25k | €41k | €56k | ▲ 37.8% |
| Amounts payable after more than one year17 | €4k | - | - | - | €4k | - |
| Financial debts170/4 | - | - | - | - | €4k | - |
| Amounts payable within one year42/48 | €27k | €19k | €25k | €41k | €50k | ▲ 23.8% |
| Current portion of amounts payable after more than one year42 | - | €4k | - | - | €1k | - |
| Financial debts43 | - | - | €5k | €7k | €5k | ▼ 25.1% |
| Credit institutions430/8 | - | - | €5k | €7k | €5k | ▼ 25.1% |
| Trade debts44 | €3k | €6k | €7k | €4k | €3k | ▼ 25.0% |
| Suppliers440/4 | - | €6k | €7k | €4k | €3k | ▼ 25.0% |
| Taxes, remuneration and social security45 | - | €9k | €13k | €16k | €15k | ▼ 6.5% |
| Taxes450/3 | - | €9k | €13k | €16k | €15k | ▼ 6.5% |
| Other amounts payable47/48 | - | - | - | €14k | €26k | ▲ 87.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €18k | €27k | €16k | €31k | ▲ 87.0% |
| + Depreciation and write-downs630 | €5k | €6k | €4k | €4k | €3k | ▼ 21.3% |
| Operating cash flow (approximation) | €11k | €24k | €31k | €20k | €34k | ▲ 66.5% |
| Investment in fixed assets (approximation) | - | €-6k | €-3k | €-2k | €-6k | ▼ 137% |
| Change in cash | - | €1k | €17k | €-17k | €14k | ▲ 183% |
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
Next filing, fiscal year 2026, expected by
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €31k ▲87%
Operating result €38k, net result €31k, both a record.
2024
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
31-03
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brugge · 1 establishment unit since 2017
Ground area
434 m²
Building footprint
139 m²
Volume, LiDAR
887 m³
Parcel 31029C0622/00M005, Flanders · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sourced
since 20172.266.970.271
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31029C0622/00M005 | Flanders | 434 m² | 1 · 139 m² | 11.9 m · 2 fl. |
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 30,002 companies in sector 62200 we hold annual accounts for 18,390. 14,190 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
Founded27-07-2017
Fiscal year end31-03
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.