sourceye
ActiveSummary
sourceye has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76k and a net result of €39k. Equity is growing by ~100.8% per year across the filed fiscal years. Its solvency ranks better than 93% of 2053 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record82
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity ample (current ratio 12.79 against 6.19 in 2024; short-term debt: 7.2% and cash: 79.8% of total assets), and 7.2% of the assets are financed with debt.
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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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.8%
Return on assets
48.3%
Age of the figures
9 mo
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 23-02-2026, 158 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
158 d early
2024
59 d early
2023
34 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€76k▲ 108%
2024 · €36k
Total assets
€82k▲ 90.5%
2024 · €43k
Net result
€39k▲ 13.9%
2024 · €35k
Working capital
€69k▲ 105%
2024 · €34k
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
Line202320242025
Operating result€-478-€43k€50k▲ 14.5%
Net result€-478-€35k€39k▲ 13.9%
Equity€3k-€36k▲ 1,341%€76k▲ 108%
Total assets€8k-€43k▲ 450%€82k▲ 90.5%
Debt€5k-€7k▲ 23.5%€6k▼ 10.0%
Working capital€430-€34k▲ 7,748%€69k▲ 105%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 15% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81k
Fixed assets
€6k ▲ 255%
Current assets
€75k ▲ 86.0%
Equity and liabilities €82k
Equity
€76k ▲ 108%
Debt
€6k ▼ 10.0%
Debt's share of the balance-sheet total falls from 15.2% to 7.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52k▲
2024 · €45k
Cash flow
€41k▲
2024 · €36k
Current ratio
12.79▲
2024 · 6.19
Debt to equity
0.08▼
2024 · 0.18
ROE
52.0%▼
2024 · 95.3%
ROA
48.3%▼
2024 · 80.8%
Interest coverage
476.10▼
2024 · 4468.28
Debt ≤ 1 year
€6k▼
2024 · €7k
Income taxes
€10k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €91 | €1k | €2k | ▲ 68.8% |
| Other operating charges640/8 | - | - | €144 | - |
| Gross operating margin9900 | €-387 | €45k | €52k | ▲ 16.3% |
| Operating profit (loss)9901 | €-478 | €43k | €50k | ▲ 14.5% |
| Financial income75/76B | - | - | €0 | - |
| Recurring financial income75 | - | - | €0 | - |
| Financial charges65/66B | - | €10 | €109 | ▲ 989% |
| Recurring financial charges65 | - | €10 | €109 | ▲ 989% |
| Profit (loss) for the period before taxes9903 | €-478 | €43k | €50k | ▲ 14.3% |
| Income taxes67/77 | - | €9k | €10k | ▲ 15.8% |
| Profit (loss) for the period9904 | €-478 | €35k | €39k | ▲ 13.9% |
| Profit (loss) for the period to be appropriated9905 | €-478 | €35k | €39k | ▲ 13.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €8k | €43k | €82k | ▲ 90.5% |
| Formation expenses20 | €1k | €786 | €354 | ▼ 54.9% |
| Fixed assets21/28 | €874 | €2k | €6k | ▲ 255% |
| Tangible fixed assets22/27 | €874 | €2k | €6k | ▲ 255% |
| Furniture and vehicles24 | €874 | €2k | €6k | ▲ 255% |
| Current assets29/58 | €6k | €40k | €75k | ▲ 86.0% |
| Amounts receivable within one year40/41 | €4k | €7k | €9k | ▲ 40.0% |
| Trade receivables40 | €4k | €7k | €9k | ▲ 40.0% |
| Other amounts receivable41 | €135 | €0 | - | - |
| Cash at bank and in hand54/58 | €902 | €33k | €65k | ▲ 95.7% |
| Deferred charges and accrued income490/1 | €306 | €306 | €423 | ▲ 38.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €8k | €43k | €82k | ▲ 90.5% |
| Equity10/15 | €3k | €36k | €76k | ▲ 108% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Reserves13 | - | €33k | €73k | ▲ 118% |
| Distributable reserves133 | - | €33k | €73k | ▲ 118% |
| Profit (loss) carried forward14 | €-478 | €0 | €0 | - |
| Amounts payable17/49 | €5k | €7k | €6k | ▼ 10.0% |
| Amounts payable within one year42/48 | €5k | €7k | €6k | ▼ 10.0% |
| Trade debts44 | - | €175 | €562 | ▲ 222% |
| Suppliers440/4 | - | €175 | €562 | ▲ 222% |
| Taxes, remuneration and social security45 | - | €6k | €5k | ▼ 17.4% |
| Taxes450/3 | - | €6k | €5k | ▼ 17.4% |
| Other amounts payable47/48 | €5k | €739 | €674 | ▼ 8.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-478 | €35k | €39k | ▲ 13.9% |
| + Depreciation and write-downs630 | €91 | €1k | €2k | ▲ 68.8% |
| Operating cash flow (approximation) | €-387 | €36k | €41k | ▲ 15.8% |
| Investment in fixed assets (approximation) | - | €-2k | €-7k | ▼ 210% |
| Change in cash | - | €32k | €32k | ▼ 1.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €39k ▲13.9%
Operating result €50k, net result €39k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 12.79
Current ratio from 6.19 to 12.79; short-term debt falls from €7k to €6k.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 6.19
Current ratio from 1.08 to 6.19.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2023
Ground area
1.4 ha
Building footprint
803 m²
Volume, LiDAR
7,699 m³
Parcel 44808H0750/00S000, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
sourceye
since 20232.351.533.584
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0750/00S000 | Flanders | 1.4 ha | 1 · 803 m² | 10.2 m · 3 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.
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Of 11,671 companies in sector 85599 we hold annual accounts for 1,329. 1,039 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
Founded30-10-2023
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
62100Computer programming
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
Scores and ratios are computed by Checked and are not a credit decision.