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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
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 18,394. 14,195 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.