Equity
€8,578 from €67,304 in 2022
Equity fell by 87% in 3 years.
Sourceful
Overview
Lifetime
6 annual accounts with figures on one time axispeak €160,421 (2025)
€160,421▲ 22.8%
peak €77,578 (2025)
€77,578▲ 27.1%
peak €67,304 (2022)
€8,578▼ 86.2%
€407,193▲ 4.4%
Board1 name since 2021
1 directorBodson Bruno
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Gross margin from €130,595 to €160,421Result from €61,047 to €77,578Dividend €131,047Equity from €62,047 to €8,578Cash from €8,505 to €15,592
Key points
from the 2025 annual accountsDebts
€407,193 98% of the balance sheet
Financial debts 88%Taxes and wages 4%Other 8%
Of this, €47,994 falls due within a year.
Position in the sector
2.1%
Lower solvency than 90% of companies in computer programming and consultancy. Sector median 60.0% · 21,205 companies.
Checked score
88
Excellent
Financially stronger than 27% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.4%▲ +0.1 percentage points vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.3%▼ -0.1 percentage points vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.2%▼ -0.1 percentage points vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.1%▼ -0.3 percentage points vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Equity €8,578 (2.1% of total assets)
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €415,771
Figures for financial year 2025 (filed on 30-06-2026)
Calculation
The band follows from the bankruptcy probability. 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 62, micro). It does better than 10% of them on solvency, 35% on liquidity, 56% on profitability and 7% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,153 companies had the same profile as Sourceful has now. Each dot stands for 6 companies, two years later.
96.1%
were still trading
2.2%
stopped another way
1.7%
went bankrupt
The bankruptcy probability of Sourceful itself is lower: 0.1% within 12 months. It rests on far more data about Sourceful than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,153 companies, not a prediction for Sourceful. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.66 (0.53 in 2024), below 1. Short-term debt is 11.5% and cash 3.8% of total assets. 97.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 21205 sector peers (2025).
NBB · sector comparisonPosition among 21205 sector peers
Solvency
better than 10%
← weakest
strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
31 days early
2024
31 days early
2023
31 days early
2022
31 days late
2021
31 days late
2020
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 10 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% 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 1 July (5 of the last 5 accounts filed within 61 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0720780175
Capital decrease of €17,600 to €1,000
Capital from €18,600 to €1,000 · General meeting of 30-06-2020 · Gazette deed
Incorporation
published on 19-02-2019 · Gazette deed
First establishment
Molenbeekweg 8, Wetteren
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Sourceful Wetteren | €415,771 | €160,421 | 2.1% | - |
| TEACODER Aalst | €413,889 | €160,816 | 48.5% | - |
| View-Media.be Dendermonde | €429,739 | €144,637 | 89.4% | - |
| DIGILE Aalst | €419,974 | €146,188 | 38.8% | - |
| GENIO Aalst | €453,257 | €169,370 | 8.0% | - |
| TreeCom Beveren-Kruibeke-Zwijndrecht | €356,176 | €165,288 | 83.3% | - |
| AM-IT Ravels | €426,111 | €157,204 | 30.7% | - |
These companies have the same main activity as Sourceful: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €356,000 and €453,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 15-02-2019Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200
- Establishment unit
- 2.285.538.2499230 Wetteren, since 15-02-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 25-11-2025
Annual accounts 2025
- €160,421▲ 22.8%
- ≈ €250,000estimated
- €77,578▲ 27.1%
- €8,578▼ 86.2%
- €415,771▼ 8.1%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on Sourceful
Sourceful files the micro format. That format states no turnover. The gross margin rose from €95,524 in 2020 to €160,421 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-06-2026, 31 days before the deadline€160,421
▲ 22.8%
€116,098
▲ 25.8%
€77,578
▲ 27.1%
-€16,286
▲ €7,303
2.1%
▼ 11.7 percentage points
0.66
▲ 0.13
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €250,000. Estimated: probably between €220,000 and €310,000.
Balance sheet
balance sheet total €415,771 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
2.1%
Higher than 10% of 21,205 companies in 2025.
0.66
Higher than 8% of 20,568 companies in 2025.
18.7%
Higher than 51% of 20,743 companies in 2025.
Sourceful
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: top quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
415,771 | 452,212 | 451,003 | 464,927 | 459,325 | 490,036 | |
21/28 |
384,063 | 425,449 | 407,568 | 426,280 | 432,981 | 451,743 | |
22/27 |
384,063 | 425,449 | 407,568 | 426,280 | 432,981 | 451,743 | |
22 |
374,336 | 396,342 | 396,916 | 412,727 | 430,498 | 445,263 | |
23 |
79 | 357 | 635 | 913 | 1,191 | - | |
24 |
9,647 | 28,750 | 10,017 | 12,640 | 1,292 | 6,480 | |
29/58 |
31,708 | 26,763 | 43,435 | 38,647 | 26,345 | 38,293 | |
40/41 |
15,050 | 17,227 | 32,839 | 30,492 | 12,632 | 19,833 | |
40 |
13,834 | 17,050 | 32,004 | 30,492 | 12,632 | 19,833 | |
41 |
1,216 | 177 | 834 | - | - | - | |
54/58 |
15,592 | 8,505 | 9,562 | 7,001 | 12,657 | 17,264 | |
490/1 |
1,067 | 1,032 | 1,034 | 1,154 | 1,055 | 1,196 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
415,771 | 452,212 | 451,003 | 464,927 | 459,325 | 490,036 | |
10/15 |
8,578 | 62,047 | 39,680 | 67,304 | 29,204 | 10,969 | |
10/11 |
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
14 |
7,578 | 61,047 | 38,680 | 66,304 | 28,204 | 9,969 | |
17/49 |
407,193 | 390,166 | 411,323 | 397,623 | 430,122 | 479,067 | |
17 |
359,199 | 339,813 | 356,155 | 338,804 | 378,499 | 420,169 | |
170/4 |
359,199 | 339,813 | 356,155 | 338,804 | 378,499 | 420,169 | |
42/48 |
47,994 | 50,352 | 55,169 | 58,819 | 51,623 | 58,898 | |
42 |
31,115 | 32,694 | 37,649 | 37,008 | 31,670 | 31,265 | |
43 |
30 | 686 | 170 | - | - | - | |
430/8 |
30 | 686 | 170 | - | - | - | |
44 |
- | 3,103 | 2,479 | 1,034 | 1,417 | 10,961 | |
440/4 |
- | 3,103 | 2,479 | 1,034 | 1,417 | 10,961 | |
45 |
16,509 | 13,712 | 13,745 | 20,777 | 18,412 | 16,672 | |
450/3 |
16,509 | 13,712 | 13,745 | 20,777 | 18,412 | 16,672 | |
47/48 |
341 | 158 | 1,125 | - | 124 | - | |
| Income statement | |||||||
76A |
- | 905 | - | - | - | - | |
9900 |
160,421 | 130,595 | 82,228 | 78,311 | 55,619 | 95,524 | |
630 |
41,386 | 35,520 | 21,670 | 19,815 | 22,752 | 73,572 | |
640/8 |
2,936 | 2,763 | 2,627 | 2,774 | 2,378 | 2,502 | |
9901 |
116,098 | 92,313 | 57,931 | 55,722 | 30,489 | 19,449 | |
65/66B |
9,043 | 8,144 | 7,116 | 5,865 | 5,357 | 3,744 | |
65 |
9,043 | 8,144 | 7,116 | 5,865 | 5,357 | 3,744 | |
9903 |
107,055 | 84,168 | 50,815 | 49,858 | 25,132 | 15,706 | |
67/77 |
29,477 | 23,122 | 11,302 | 10,958 | 6,097 | 4,936 | |
9904 |
77,578 | 61,047 | 39,513 | 38,900 | 19,035 | 10,769 | |
9905 |
77,578 | 61,047 | 39,513 | 38,900 | 19,035 | 10,769 | |
| Appropriation of the result | |||||||
9906 |
138,625 | 99,727 | 105,816 | 67,104 | 29,004 | 10,769 | |
14P |
61,047 | 38,680 | 66,304 | 28,204 | 9,969 | - | |
694/7 |
131,047 | 38,680 | 67,137 | 800 | 800 | 800 | |
694 |
131,047 | 38,680 | 67,137 | 800 | 800 | 800 | |
| Document | |||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00224511 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00198968 | |
| 31-12-2023 | micro format | 30-06-2024 | 2024-00184491 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00391981 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20372082 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-27000231 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 157,485 | 127,832 | 79,601 | 75,537 | 53,241 | 93,021 | ||
| 118,964 | 96,566 | 61,183 | 58,715 | 41,787 | 84,341 | ||
| 0 | 53,401 | 2,958 | 13,114 | 3,990 | 525,315 | ||
| 7,087 | -1,057 | 2,561 | -5,656 | -4,607 | - | ||
| -16,286 | -23,589 | -11,733 | -20,172 | -25,278 | -20,605 | ||
| 2.1% | 13.7% | 8.8% | 14.5% | 6.4% | 2.2% | ||
| 0.66 | 0.53 | 0.79 | 0.66 | 0.51 | 0.65 | ||
| 47.47 | 6.29 | 10.37 | 5.91 | 14.73 | 43.67 | ||
| 904.4% | 98.4% | 99.6% | 57.8% | 65.2% | 98.2% | ||
| 18.7% | 13.5% | 8.8% | 8.4% | 4.1% | 2.2% | ||
| 17.42 | 15.70 | 11.19 | 12.88 | 9.94 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €53,401 | €2,958 | €13,114 | €3,990 |
| €41,386 | €35,520 | €21,670 | €19,815 | €22,752 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Sourceful
The operating result for 2025 is 26% higher than in 2024 and the highest since 2020. It is the fifth rise in a row.
Debt's share of the balance-sheet total rises from 86.3% to 97.9%. Equity is lower and debt is higher.
Board & ownership
Board
1 directorMandates through the years
1 name, the dashed line is todayBodson Bruno
Director
Director
Boardmandate already running before its first mention
Mandates as a list
- Bodson Bruno
- Director, since before 31-12-2021
Control
Capital
- Contribution
- €1,000
- Source
- 2025 annual accounts
Articles of association
deed of 03-07-2020 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “8. Jaarvergadering, toelating, uitoefening stemrecht Ieder jaar wordt een gewone algemene vergadering van aandeelhouders gehouden op één…”
Capital transactions
Capital over time
- 03-07-2020 Converted to unavailable equity · €18,600
- 03-07-2020 Capital reduction of €17,600 · to €1,000 · verminderingbeschikbareinbrengdooruitkeringingeldzondervernietigingaandelen
Network & group
No group
Sourceful has no parent and no holdings in its annual accounts. Bodson Bruno is the only director. Sourceful shares no director with another company.
Timeline
Timeline
11 events since 2019Board
Capital
Filings
Financial
Establishments
Address
2020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 31 days before the deadline
2025
Highest result from 2020 to 2025 net €77,578 ▲27.1% The operating result of €116,098 and the net result of €77,578 are both a record.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0720780175
Annual accounts 2024 filed PDFmicro format · 31 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 31 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 31 days late
2022
Annual accounts 2021 filed PDFmicro format · 31 days late
2021
Annual accounts 2020 filed PDFmicro format · 31 days before the deadline
2020
Capital decrease of €17,600 to €1,000Capital from €18,600 to €1,000 · General meeting of 30-06-20205 points ▸
- General meeting, 30-06-2020
- Registered-office move, 9230Wetteren, Molenbeekweg8
- Capital decrease, €17,600
- Power of attorney, Ludwig Vermeulen
- Board meeting, 29-06-2020
- The deed holds 5 more points.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0720.780.175
- VAT number
- BE 0720.780.175
- Peppol ID
- 0208:0720780175
- Other Peppol ID
- 9925:BE0720780175
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 15-02-2019
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “8. Jaarvergadering, toelating, uitoefening stemrecht Ieder jaar wordt een gewone algemene vergadering van aandeelhouders gehouden op één…”deed of 03-07-2020 (in Dutch)
- Peppol
- Reachable since 25-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Sourceful in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 03-07-2020 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 03-07-2020 (in Dutch)
Activities
NACEBEL 202562200
Computer consultancy and computer facilities management main activity
Codes under NACEBEL 2008
62020
IT consultancy main activity
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Molenbeekweg 8 registered office 9230 Wetteren | 15-02-2019 | 2.285.538.249 |
Buildings and parcels at the address
- Ground area
- 2,370 m²
- Buildings
- 211 m²
- Volume, LiDAR
- 1,360 m³
- Tallest building
- 9.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 42012B0005/00G000 | 2,370 m² | 1 · 210 m² | 9.7 m · 2 |