Investments
Green is investment, beige is depreciation.
Green is investment, beige is depreciation.
Short-term debts fell from €6,506 to €5,856.
Higher solvency than 93% of companies in education. Sector median 43.8% · 2,612 companies.
The dashed line is the sector median: 0.1% across 3,825 companies (NACE 85, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 (NACE 85, micro). It does better than 88% of them on solvency, 97% on liquidity, 90% on profitability and 91% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 39,278 companies had the same profile as sourceye has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of sourceye itself is lower: < 0.1% within 12 months. It rests on far more data about sourceye than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for sourceye. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 12.79 (6.19 in 2024), above the usual 1.5. Short-term debt is 7.2% and cash 79.8% of total assets. 7.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 84 days before the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| sourceye Ghent | €81,649 | €51,972 | 92.8% | - |
| Laurens Polfliet Ghent | €78,084 | €37,119 | -2.9% | - |
| Maggie's Melody Dilbeek | €75,871 | €45,586 | 79.2% | - |
| DAGENCY Flémalle | €90,539 | €59,833 | 76.7% | - |
| Coach2Change Overijse | €77,501 | €42,378 | 38.0% | - |
| VerEver Braine-l'Alleud | €94,209 | €43,117 | 52.3% | - |
| BELGIAN INTELLIGENT COACHING AND NEGOTATIONS Hasselt | €93,098 | €70,702 | 80.9% | - |
These companies have the same main activity as sourceye: other education (NACE 85599). They are comparable in size and age: total assets between €75,900 and €94,200, founded in 2023.
sourceye files the micro format. That format states no turnover. The gross margin rose from -€387 in 2023 to €51,972 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €100,000 and €270,000.
Higher than 93% of 2,612 companies in 2025.
Higher than 93% of 2,481 companies in 2025.
Higher than 91% of 2,510 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
81,649 | 42,858 | 7,790 | |
20 |
354 | 786 | 1,218 | |
21/28 |
6,379 | 1,799 | 874 | |
22/27 |
6,379 | 1,799 | 874 | |
24 |
6,379 | 1,799 | 874 | |
29/58 |
74,916 | 40,273 | 5,698 | |
40/41 |
9,317 | 6,655 | 4,491 | |
40 |
9,317 | 6,655 | 4,356 | |
41 |
- | 0 | 135 | |
54/58 |
65,175 | 33,312 | 902 | |
490/1 |
423 | 306 | 306 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
81,649 | 42,858 | 7,790 | |
10/15 |
75,793 | 36,352 | 2,522 | |
10/11 |
3,000 | 3,000 | 3,000 | |
13 |
72,793 | 33,352 | - | |
133 |
72,793 | 33,352 | - | |
14 |
0 | 0 | -478 | |
17/49 |
5,856 | 6,506 | 5,268 | |
42/48 |
5,856 | 6,506 | 5,268 | |
44 |
562 | 175 | - | |
440/4 |
562 | 175 | - | |
45 |
4,621 | 5,591 | - | |
450/3 |
4,621 | 5,591 | - | |
47/48 |
674 | 739 | 5,268 | |
| Income statement | ||||
9900 |
51,972 | 44,683 | -387 | |
630 |
2,059 | 1,220 | 91 | |
640/8 |
144 | - | - | |
9901 |
49,769 | 43,463 | -478 | |
75/76B |
0 | - | - | |
75 |
0 | - | - | |
65/66B |
109 | 10 | - | |
65 |
109 | 10 | - | |
9903 |
49,661 | 43,453 | -478 | |
67/77 |
10,220 | 8,823 | - | |
9904 |
39,440 | 34,630 | -478 | |
9905 |
39,440 | 34,630 | -478 | |
| Appropriation of the result | ||||
9906 |
39,440 | 34,152 | -478 | |
14P |
0 | -478 | - | |
691/2 |
39,440 | 33,352 | - | |
6921 |
39,440 | 33,352 | - | |
694/7 |
0 | 800 | - | |
694 |
0 | 800 | - | |
| Document | ||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 23-02-2026.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 51,828 | 44,683 | -387 | ||
| 41,499 | 35,850 | -387 | ||
| 6,207 | 1,713 | 888 | ||
| 31,863 | 32,410 | - | ||
| 69,059 | 33,767 | 430 | ||
| 92.8% | 84.8% | 32.4% | ||
| 12.79 | 6.19 | 1.08 | ||
| 0.08 | 0.18 | 2.09 | ||
| 52.0% | 95.3% | -19.0% | ||
| 48.3% | 80.8% | -6.1% | ||
| over 100 | over 100 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €6,207 | €1,713 | €888 |
| €2,059 | €1,220 | €91 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 15% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 15.2% to 7.2%. Equity is higher and debt is lower.
sourceye has no parent and no holdings in its annual accounts. Dedeken, Theo is the only director. sourceye shares no director with another company.
| JPS TOURS
registered office since 08-01-2001 · founded in 1989 |
total assets €155,194 (2025) 0437.203.843 |
| Kat’s
registered office since 11-09-2024 · founded in 2024 |
total assets €110,895 (2025) 1013.431.056 |
| RX De Vis
registered office since 18-10-2024 · founded in 2024 |
total assets €50,309 (2025) 1015.259.804 |
| Spectriq
registered office since 07-04-2026 |
founded in 2026 1036.568.031 |
| Het Aksent
registered office since 19-05-2025 |
founded in 2006 0879.666.274 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Sourceye was incorporated on 30 October 2023 as a private limited company by one natural person, with a starting capital of €3,000.12 Since 2023, Dedeken, Theo has served as statutory director.3 Total assets rose from €7,790 in 2023 to €81,649 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Novaretzpad 20 registered office 9000 Ghent | 30-10-2023 | 2.351.533.584 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44808H0750/00S000 | 1.4 ha | 1 · 803 m² | 10.2 m · 3 |
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