THE SOURCE
ActiveTHE SOURCE has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14k and a net result of €-1k. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 33% of 31523 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency63▲+7
Growth52▼-26
Stability94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.38 in 2024), and 66.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.7%
Return on assets
-2.6%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
31 d late
2024
6 d early
2023
31 d late
2022
7 d early
2021
29 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€14k▼ 7.1%
2024 · €15k
2021: €9k
2022: €-1k
2023: €14k
2024: €15k
2021 → 2025
Total assets
€42k▼ 15.6%
2024 · €50k
2021: €24k
2022: €12k
2023: €54k
2024: €50k
2021 → 2025
Net result
€-1k
2024 · €13k
2021: €7k
2022: €-10k
2023: €15k
2024: €13k
2021 → 2025
Working capital
€12k▼ 6.3%
2024 · €13k
2021: €8k
2022: €-2k
2023: €12k
2024: €13k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€-1k€14k€15k▲ 11.2%€14k▼ 7.1%
Operating result€9k-€-10k€17k€18k▲ 3.6%€357▼ 98.0%
Net result€7k-€-10k€15k€13k▼ 11.9%€-1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 98% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €42k
Fixed assets
€2k▲ 2.1%
Current assets
€40k▼ 16.4%
Equity and liabilities €42k
Equity
€14k▼ 7.1%
Debt
€28k▼ 19.4%
The debt ratio falls from 69.4% to 66.3%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€2k▼
2024 · €19k
Cash flow
€249▼
2024 · €14k
Solvency
33.7%▲
2024 · 30.6%
Current ratio
1.45▲
2024 · 1.38
Quick ratio
1.45▲
2024 · 1.38
Debt / equity
1.97▼
2024 · 2.27
ROE
-7.6%▼
2024 · 86.8%
ROA
-2.6%▼
2024 · 26.6%
Interest coverage
28.05▼
2024 · 320.46
Debt
€28k▼
2024 · €34k
Debt ≤ 1 year
€28k▼
2024 · €34k
Income taxes
€1k▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€50k€42k▼
Fixed assets21/28€2k€2k▲
Tangible fixed assets22/27€2k€2k▲
Furniture and vehicles24€2k€2k▲
Financial fixed assets28€363€363=
Current assets29/58€48k€40k▼
Amounts receivable within one year40/41€19k€24k▲
Trade receivables40€16k€15k▼
Other amounts receivable41€3k€9k▲
Cash at bank and in hand54/58€29k€15k▼
Equity and liabilities
Total equity and liabilities10/49€50k€42k▼
Equity10/15€15k€14k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€13k€12k▼
Amounts payable17/49€34k€28k▼
Amounts payable within one year42/48€34k€28k▼
Trade debts44€8k€13k▲
Suppliers440/4€8k€13k▲
Advances received on contracts in progress46€10k€10k=
Taxes, remuneration and social security45€671€3k▲
Taxes450/3€671€3k▲
Remuneration and social security454/9-€216
Other amounts payable47/48€16k€2k▼
Accrued charges and deferred income492/3-€300
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€889€1k▲
Other operating charges640/8€387-
Gross operating margin9900€19k€2k▼
Operating profit (loss)9901€18k€357▼
Financial charges65/66B€59€60▲
Recurring financial charges65€59€60▲
Profit (loss) for the period before taxes9903€18k€297▼
Income taxes67/77€5k€1k▼
Profit (loss) for the period9904€13k€-1k▼
Profit (loss) for the period to be appropriated9905€13k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€12k▼
Profit (loss) brought forward from the previous period14P€12k€13k▲
Profit to be distributed694/7€12k-
Return on contributions (dividend)694€12k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-10k ▼250%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Brussel · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zandstraat 141000 BrusselGround area
2,355 m²
Building footprint
656 m²
Volume, LiDAR
12,743 m³
Parcel 21803C1674/00C000, Brussels · tallest building 24.3 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
THE SOURCE
since 20202.311.035.391
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C1674/00C000 ProtectedMonumentVoormalig warenhuis Waucquez |
Brussels | 2,355 m² | 1 · 656 m² | 24.3 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 26,704 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-10-2020
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:c.stratulat@epc.eu