Sources Development
The computed 12-month bankruptcy probability of Sources Development is 0.6% (low). The 2025 annual accounts show negative equity (€-35k) and a net result of €-70k. The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-35k |
| Net result | €-70k |
| Active | 9 yrs |
| Board | 1 |
Strong profile, led by profitability.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | - |
| Net profit | €-70k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €734k |
| Equity | €-35k |
| Debt | €770k |
| of which ≤ 1y | €770k |
| of which > 1y | - |
| Working capital | €-35k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.95 |
| Quick ratio | 0.94 |
| Working capital ratio | -4.8% |
| Solvency | -4.8% |
| Debt / equity | -21.81 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -9.5% |
| ROE | 198.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (20 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €734k |
| Current assets | 29/58 | €734k |
| Stocks & contracts in progress | 3 | €10k |
| Amounts receivable within one year | 40/41 | €632k |
| Cash & bank | 54/58 | €92k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €734k |
| Equity | 10/15 | €-35k |
| Contributions / capital | 10/11 | €215k |
| Reserves | 13 | €35k |
| Accumulated profits (losses) | 14 | €-285k |
| Amounts payable | 17/49 | €770k |
| Amounts payable within one year | 42/48 | €770k |
| Trade debts payable within one year | 44 | €143k |
| Income statement | ||
| Gross operating margin | 9900 | €-46k |
| Operating result | 9901 | €-69k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €-70k |
| Net result for the period | 9904 | €-70k |
| Result to be appropriated | 9905 | €-70k |
-
Current02-07-2025 → present
Former directors (1)
-
Emilie RousseauxDirectorState Gazette act 25082427 (02-07-2025)Former- → 27-03-2025
| NACE primary | Ontwikkeling van residentiële bouwprojecten(68121) |
| Legal form | Private limited company(610) |
| Incorporation | 23-12-2016 |
| Status | Active |
| Postal code | 1040 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0229/00M003 | Brussels | 4,635 m² | 1 · 2,770 m² | 30.9 m · 8 fl. |
| 21805E0197/00N000 | Brussels | 502 m² | 1 · 502 m² | 24.8 m · 6 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
02-07-2025 2 directors appointed, 1 resigning
- Adeline Simont, Bestuurder
- Martine Lion, Mandataire
- Emilie Rousseaux, Bestuurder
Technical details
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"evidence_quote": "L\u0027actionnaire unique donne tous pouvoirs \u00E0 Madame Martine Lion, avec facult\u00E9 de subd\u00E9l\u00E9gation, afin d\u0027accomplir les formalit\u00E9s de publication requises aux Annexes du Moniteur belge.",
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"act_meta": {
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"filing_date": "2025-06-25",
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"decisions": [
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"body": "enig_aandeelhouder_schriftelijk",
"date": "2025-05-13",
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],
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"subject_company": {
"kbo": "0668.433.334",
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"co_filed_documents": [],
"corrected_publication_numac": null
}12-12-2023 Change in the board of directors
Technical details
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"name": "BOSMANS Andr\u00E9 Marie Pierre Ghislain Julien",
"address": "Aalter, Blekkervijverstraat 64",
"birth_date": "1954-07-08",
"profession": null,
"birth_place": "Gent"
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"via_org": {
"kbo": "0525.728.320",
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"name": "ROUSSEAUX Emilie Johanne Marthe R\u00E9gine",
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],
"notary": {
"name": "Frederic CONVENT",
"firm_city": null,
"firm_name": null,
"office_city": "Ixelles",
"is_associated": false
},
"act_meta": {
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"pub_date": "2023-12-12",
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"exp\u00E9dition de l\u0027acte",
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}| Legal nameFR | Sources Development |