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Sources Development

Active
Private limited companyfounded 2016active for 9 yearsGuimardstraat 18, 1040 Brussel, Belgium34 active companies are registered at this addressKBO/BCE: BE 0668.433.334
Summary

Sources Development has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€35,288) and a net result of -€69,984. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 11,166 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

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Sources DevelopmentActiveChecked score 53/100
Risk analysis ReportCompare

Articles of association

What the company does

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
SOURCES DEVELOPMENT
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Organe d’administration, Région de Bruxelles-Capitale” (deed in French)

deed of 12-12-2023

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Un ou plusieurs administrateurs, assemblée qui nomme” (deed in French)

deed of 12-12-2023

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
One provision in the deed
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Libre de céder tout ou partie librement” (deed in French)

deed of 12-12-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
First Wednesday of May at 15:00

deed of 12-12-2023

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“En tout temps par assemblée générale formes modifications statuts” (deed in French)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Quelque cause et moment, administrateurs en fonction désignés liquidateurs en vertu statuts si aucun autre désigné” (deed in French)

deed of 12-12-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Actions nouvelles à souscrire en numéraire offertes par préférence aux actionnaires existants, apport en numéraire avec émission de…” (deed in French)
Other provision: “Indivisibilité des titres, partage ou délivrance des legs” (deed in French)
Other provision: “3, contrôle de la société” (deed in French)
Other provision: “Séances procès-verbaux, registre tenu au siège” (deed in French)
Other provision: “Délibérations assemblée générale, majorité voix quel que soit nombre titres représentés sauf loi ou statuts” (deed in French)
Other provision: “Séance tenante, prorogation assemblée générale” (deed in French)
Other provision: “Répartition réserves bénéfice, chaque action droit égal” (deed in French)
Other provision: “Paiement dividendes acomptes, article 5:141 CSA limites art.5:142 et 5:143” (deed in French)
Liquidation distribution: “Actif net réparti entre actionnaires proportion actions biens conservés remis même proportion” (deed in French)
Other provision: “Élection domicile, siège où communications sommations assignations significations valablement faites” (deed in French)
Other provision: “Tribunaux du siège compétence exclusive, compétence judiciaire” (deed in French)
Other provision: “Droit commun, dispositions CSA auxquelles pas licitement dérogé réputées inscrites” (deed in French)
3 more provisions in the deed, see the deed of 12-12-2023

deed of 12-12-2023

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