SOURCEFULLY
ActiveSummary
SOURCEFULLY has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €63,945 and a net result of €88,646. Equity is growing by ~24.9% per year across the filed fiscal years. Its solvency ranks better than 44% of 1547 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency61▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.02 in 2023; short-term debt: 64.5% and cash: 57.3% of total assets), and 64.5% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 28-05-2025, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
64 d early
2023
76 d early
2022
38 d early
2021
26 d early
2020
32 d early
2019
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 43 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
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 Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€88,646▲ 1.0%
2023 · €87,756
Working capital
€11,277▲ 361%
2023 · €2,446
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
Line20202021202220232024
Operating result€33,649▲ 46.6%€41,684▲ 23.9%€118,509▲ 184%€110,697▼ 6.6%€111,660▲ 0.9%
Net result€25,373▲ 56.9%€31,236▲ 23.1%€93,314▲ 199%€87,756▼ 6.0%€88,646▲ 1.0%
Equity€21,593▲ 1.8%€32,830▲ 52.0%€76,144▲ 132%€70,300▼ 7.7%€63,945▼ 9.0%
Total assets€60,023▲ 17.3%€57,139▼ 4.8%€133,870▲ 134%€172,512▲ 28.9%€180,091▲ 4.4%
Debt€38,430▲ 28.4%€24,309▼ 36.7%€57,726▲ 137%€102,213▲ 77.1%€116,146▲ 13.6%
Working capital€20,998▼ 1.0%€31,563▲ 50.3%€24,874▼ 21.2%€2,446▼ 90.2%€11,277▲ 361%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €180,091
Fixed assets
€52,669 ▼ 22.4%
Current assets
€127,423 ▲ 21.8%
Equity and liabilities €180,091
Equity
€63,945 ▼ 9.0%
Debt
€116,146 ▲ 13.6%
Debt's share of the balance-sheet total rises from 59.2% to 64.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€126,846▲
2023 · €125,404
Cash flow
€103,831▲
2023 · €102,463
Current ratio
1.10▲
2023 · 1.02
Debt to equity
1.82▲
2023 · 1.45
ROE
138.6%▲
2023 · 124.8%
ROA
49.2%▼
2023 · 50.9%
Interest coverage
1836.48▼
2023 · 8250.24
Debt ≤ 1 year
€116,146▲
2023 · €102,213
Income taxes
€23,173▲
2023 · €22,943
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 34,672 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €10,794 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €224 | €412 | €11,251 | €14,707 | €15,185 | ▲ 3.3% |
| Other operating charges640/8 | - | - | €198 | €92 | €97 | ▲ 5.4% |
| Gross operating margin9900 | €33,881 | €42,095 | €129,958 | €125,496 | €126,943 | ▲ 1.2% |
| Operating profit (loss)9901 | €33,649 | €41,684 | €118,509 | €110,697 | €111,660 | ▲ 0.9% |
| Financial income75/76B | - | €36 | €15 | €17 | €227 | ▲ 1,214% |
| Recurring financial income75 | €151 | €36 | €15 | €17 | €227 | ▲ 1,214% |
| Financial charges65/66B | - | €5 | €1 | €15 | €69 | ▲ 354% |
| Recurring financial charges65 | €28 | €5 | €1 | €15 | €69 | ▲ 354% |
| Profit (loss) for the period before taxes9903 | €33,772 | €41,715 | €118,523 | €110,699 | €111,818 | ▲ 1.0% |
| Income taxes67/77 | €8,399 | €10,479 | €25,208 | €22,943 | €23,173 | ▲ 1.0% |
| Profit (loss) for the period9904 | €25,373 | €31,236 | €93,314 | €87,756 | €88,646 | ▲ 1.0% |
| Profit (loss) for the period to be appropriated9905 | €25,373 | €31,236 | €93,314 | €87,756 | €88,646 | ▲ 1.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60,023 | €57,139 | €133,870 | €172,512 | €180,091 | ▲ 4.4% |
| Fixed assets21/28 | €595 | €1,266 | €51,270 | €67,854 | €52,669 | ▼ 22.4% |
| Tangible fixed assets22/27 | €595 | €1,266 | €51,270 | €67,854 | €52,669 | ▼ 22.4% |
| Furniture and vehicles24 | - | €1,175 | €51,270 | €67,854 | €31,003 | ▼ 54.3% |
| Other tangible fixed assets26 | - | - | - | - | €21,666 | - |
| Assets under construction and advance payments27 | - | €91 | - | - | - | - |
| Current assets29/58 | €59,428 | €55,872 | €82,601 | €104,659 | €127,423 | ▲ 21.8% |
| Amounts receivable within one year40/41 | €17,248 | €14,308 | €16,729 | €22,614 | €24,162 | ▲ 6.8% |
| Trade receivables40 | - | €14,083 | €16,131 | €20,614 | €20,802 | ▲ 0.9% |
| Other amounts receivable41 | - | €225 | €598 | €2,000 | €3,361 | ▲ 68.0% |
| Cash at bank and in hand54/58 | €42,180 | €41,565 | €65,865 | €82,037 | €103,252 | ▲ 25.9% |
| Deferred charges and accrued income490/1 | - | - | €7 | €8 | €8 | ▲ 5.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60,023 | €57,139 | €133,870 | €172,512 | €180,091 | ▲ 4.4% |
| Equity10/15 | €21,593 | €32,830 | €76,144 | €70,300 | €63,945 | ▼ 9.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €5,000 | €5,000 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €1,133 | €12,370 | €55,684 | €63,440 | €57,085 | ▼ 10.0% |
| Amounts payable17/49 | €38,430 | €24,309 | €57,726 | €102,213 | €116,146 | ▲ 13.6% |
| Amounts payable within one year42/48 | €38,430 | €24,309 | €57,726 | €102,213 | €116,146 | ▲ 13.6% |
| Trade debts44 | €12,051 | €1,613 | €3,914 | €273 | €3,070 | ▲ 1,026% |
| Suppliers440/4 | - | €1,613 | €3,914 | €273 | €3,070 | ▲ 1,026% |
| Advances received on contracts in progress46 | - | - | - | €148 | - | - |
| Taxes, remuneration and social security45 | - | €2,400 | €3,200 | €18,244 | €15,180 | ▼ 16.8% |
| Taxes450/3 | - | €2,400 | €3,200 | €18,244 | €12,680 | ▼ 30.5% |
| Remuneration and social security454/9 | - | - | - | - | €2,500 | - |
| Other amounts payable47/48 | - | €20,296 | €50,612 | €83,548 | €97,896 | ▲ 17.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,373 | €31,236 | €93,314 | €87,756 | €88,646 | ▲ 1.0% |
| + Depreciation and write-downs630 | €224 | €412 | €11,251 | €14,707 | €15,185 | ▲ 3.3% |
| Operating cash flow (approximation) | €25,596 | €31,648 | €104,566 | €102,463 | €103,831 | ▲ 1.3% |
| Investment in fixed assets (approximation) | - | -€1,082 | -€61,255 | -€31,291 | €0 | ▲ 100% |
| Change in cash | - | -€615 | €24,300 | €16,172 | €21,216 | ▲ 31.2% |
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
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €93,314 ▲199%
Operating result €118,509, net result €93,314, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €16,175 ▼73.8%
Net result drops to €16,175, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Sint-Pieters-Woluwe · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Antoine de St-Exupérylaan 371150 Sint-Pieters-WoluweGround area
1.4 ha
Building footprint
284 m²
Volume, LiDAR
5,180 m³
Parcel 21018B0185/00E000, Brussels · tallest building 21.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Konkelstraat 190, 1200 Sint-Lambrechts-Woluwe
since 20132.221.405.314
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018B0185/00E000 | Brussels | 1.4 ha | 1 · 284 m² | 21.6 m · 6 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.
Similar companies · same sector, comparable size
MARTINFOR
BE 0760.665.981
Ath · Eq €63,948
Jucon
BE 0743.550.332
Heist-op-den-Berg · Eq €63,978
Van Geel Pieter
BE 0642.754.167
Leuven · Eq €63,979
PRIMO SOFT SOLUTIONS
BE 0799.409.167
Brussel · Eq €64,010
COMPUTEXT
BE 0468.658.270
Turnhout · Eq €63,878
Of 16,910 companies in sector 62100 we hold annual accounts for 8,778. 6,915 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
Founded23-08-2013
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
Contact
E-mail
patrick@sourcefully.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0537649026
Also
9925:BE0537649026
Registered
30-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.