SourceSpaces
ActiveSummary
The computed 12-month bankruptcy probability of SourceSpaces is 13.1% (high). The 2024 annual accounts show negative equity (-€2,478) and a net result of -€1,344. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€2,478
- Loss
- -€1,344
Why 26raises risk1 change of registered office in 24 monthsFigures for financial year 2024 (filed 29-08-2025)No main activity registeredlowers riskSize: total assets €1,919Show the evidence
Checked score
About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 5% on solvency, 1% on liquidity, 4% on profitability and 3% on growth.
The bankruptcy probability was computed on 15-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 11 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- Reappointment: PROST Benjamin (director)Name change · Purpose change…
- Annual accounts filedfinancial year 2024 · micro…
- Resignation: Yaseen IQBAL (manager)Appointment: Prost Benjamin (director) ·…
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 16 October 2026.
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result stays negative: a loss of €1,305 in 2024 against €1,156 in 2023; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 6,007 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83.0% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 13.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,007 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Gross operating margin9900 | -€2,358 | -€8,342 | -€3,691 | -€764 | -€1,156 | -€1,305 | ▼ 12.9% |
| Operating profit (loss)9901 | -€3,162 | -€9,419 | -€3,691 | -€764 | -€1,156 | -€1,305 | ▼ 12.9% |
| Recurring financial income75 | €710 | €204 | - | - | - | - | - |
| Financial charges65/66B | - | - | €158 | €155 | €156 | €39 | ▼ 75.0% |
| Recurring financial charges65 | €996 | €992 | €158 | €155 | €156 | €39 | ▼ 75.0% |
| Profit (loss) for the period before taxes9903 | -€3,448 | -€10,207 | -€3,849 | -€919 | -€1,311 | -€1,344 | ▼ 2.5% |
| Profit (loss) for the period9904 | -€3,448 | -€10,207 | -€3,849 | -€919 | -€1,311 | -€1,344 | ▼ 2.5% |
| Profit (loss) for the period to be appropriated9905 | -€3,448 | -€10,207 | -€3,849 | -€919 | -€1,311 | -€1,344 | ▼ 2.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €66,610 | €4,945 | €1,321 | €1,404 | €1,658 | €1,919 | ▲ 15.8% |
| Current assets29/58 | €66,610 | €4,945 | €1,321 | €1,404 | €1,658 | €1,919 | ▲ 15.8% |
| Amounts receivable within one year40/41 | €64,643 | €4,944 | €1,254 | €1,403 | €1,645 | €1,919 | ▲ 16.7% |
| Other amounts receivable41 | - | - | €1,254 | €1,403 | €1,645 | €1,919 | ▲ 16.7% |
| Cash at bank and in hand54/58 | €1,967 | €1 | €67 | €2 | €12 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €66,610 | €4,945 | €1,321 | €1,404 | €1,658 | €1,919 | ▲ 15.8% |
| Equity10/15 | €15,152 | €4,945 | €1,096 | €177 | -€1,134 | -€2,478 | ▼ 119% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€3,448 | -€13,655 | -€17,504 | -€18,423 | -€19,734 | -€21,078 | ▼ 6.8% |
| Amounts payable17/49 | €51,458 | - | €225 | €1,227 | €2,791 | €4,397 | ▲ 57.5% |
| Amounts payable within one year42/48 | €51,458 | - | €225 | €1,227 | €2,791 | €4,397 | ▲ 57.5% |
| Trade debts44 | €44,510 | - | - | - | - | - | - |
| Other amounts payable47/48 | - | - | €225 | €1,227 | €2,791 | €4,397 | ▲ 57.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,448 | -€10,207 | -€3,849 | -€919 | -€1,311 | -€1,344 | ▼ 2.5% |
| Operating cash flow (approximation) | -€3,448 | -€10,207 | -€3,849 | -€919 | -€1,311 | -€1,344 | ▼ 2.5% |
| Change in cash | - | -€1,966 | €66 | -€65 | €11 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 27-08-2025 | 2025-00444634 |
| 31-12-2023 | micro format | 26-06-2024 | 2024-00166275 |
| 31-12-2022 | micro format | 13-06-2023 | 2023-00122279 |
| 31-12-2021 | micro format | 23-08-2022 | 2022-20326258 |
| 31-12-2020 | micro format | 09-08-2021 | 2021-48500036 |
| 31-12-2019 | micro format | 31-10-2020 | 2020-67200536 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| PROST Benjamin |
|
Owners and capital
Capital and shareholders
- 19-03-2026 Converted to unavailable equity · €18,600
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
19-03
Gazette deed
Reappointment: PROST Benjamin (director)Name change · Purpose change · Amendment of the articles12 facts ▸
- General meeting, 12-03-2026
- Name change, SourceSpaces
- Purpose change
- Other provision, “rapport justificatif modification objet, justification détaillée de la modification à l'objet” (deed in French)
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “supprimer, rendre ces fonds disponibles pour distribution” (deed in French)
- Capital
- Director reappointment, PROST Benjamin (director)
- Registered office clause, “1050 Ixelles, Rue des Drapiers 2 Boîte 28” (deed in French)
- Power of attorney
- Power of attorney, Olivier BROUWERS
02-05
Gazette deed
Resignation: Yaseen IQBAL (manager)Appointment: Prost Benjamin (director) · Share transfer · Shareholding8 facts ▸
- General meeting, 14-04-2025
- Share transfer, Yaseen IQBAL → Prost Benjamin
- Shareholding, 14-04-2025, “actions” (deed in French)
- Shareholding, 14-04-2025, “action” (deed in French)
- Director resignation, Yaseen IQBAL (manager)
- Director discharge, Yaseen IQBAL
- Director appointment, Prost Benjamin (director)
- Registered-office move, Rue de Danemark 61 - 1060 Saint-Gilles
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 16 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21009A0389/00V000 | Brussels | 6,354 m² | 1 · 5,810 m² | 40.7 m · 5 |
How the parcels are linked
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.
- SourceSpaces
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, transférable en tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
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.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour les modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Quelque cause et à quelque moment, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)