LA SOURCE
ActiveSummary
LA SOURCE has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16k and a net result of €-7k. Equity is shrinking by ~12.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 58% of 18280 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency68▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.79 in 2024; short-term debt: 54.6% and cash: 3.1% of total assets), but 56.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
43.4%
Return on assets
-18.9%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-7k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 16-09-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
27 d early
2023
49 d early
2022
on the day
2021
6 d early
2020
11 d early
2019
27 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-7k▲ 61.6%
2024 · €-18k
2019: €747
2020: €520
2021: €7k
2022: €6k
2023: €-19k
2024: €-18k
2019 → 2025
Working capital
€11k▼ 34.3%
2024 · €17k
2019: €46k
2020: €48k
2021: €52k
2022: €49k
2023: €36k
2024: €17k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€55k-€61k▲ 10.8%€42k▼ 31.3%€23k▼ 44.1%€16k▼ 30.3%
Operating result€8k-€11k▲ 27.2%€-19k€-17k▲ 10.2%€-6k▲ 66.3%
Net result€7k-€6k▼ 20.5%€-19k€-18k▲ 3.3%€-7k▲ 61.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €17k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38k
Fixed assets
€6k ▼ 48.2%
Current assets
€31k ▼ 16.6%
Equity and liabilities €38k
Equity
€16k ▼ 30.3%
Debt
€21k ▼ 18.7%
Debt's share of the balance-sheet total rises from 52.7% to 56.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-67▲
2024 · €-11k
Cash flow
€-1k▲
2024 · €-13k
Current ratio
1.53▼
2024 · 1.79
Quick ratio
0.48▼
2024 · 0.79
Debt to equity
1.30▲
2024 · 1.12
ROE
-43.4%▲
2024 · -78.8%
ROA
-18.9%▲
2024 · -37.3%
Interest coverage
-0.06▲
2024 · -7.27
Debt ≤ 1 year
€20k▼
2024 · €21k
Debt > 1 year
€727▼
2024 · €5k
Income taxes
€244
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€49k€38k▼
Fixed assets21/28€12k€6k▼
Tangible fixed assets22/27€12k€6k▼
Plant, machinery and equipment23€1k€349▼
Furniture and vehicles24€10k€6k▼
Financial fixed assets28€277€277=
Current assets29/58€38k€31k▼
Stocks and contracts in progress3€21k€22k▲
Stocks30/36€21k€22k▲
Amounts receivable within one year40/41€15k€8k▼
Trade receivables40€10k€8k▼
Other amounts receivable41€5k-
Cash at bank and in hand54/58€689€1k▲
Deferred charges and accrued income490/1€887€587▼
Equity and liabilities
Total equity and liabilities10/49€49k€38k▼
Equity10/15€23k€16k▼
Contributions10/11€31k€31k=
Outside capital11€31k€31k=
Other1109/19€31k€31k=
Reserves13€23k€23k=
Distributable reserves133€23k€23k=
Profit (loss) carried forward14€-31k€-38k▼
Amounts payable17/49€26k€21k▼
Amounts payable after more than one year17€5k€727▼
Financial debts170/4€5k€727▼
Amounts payable within one year42/48€21k€20k▼
Current portion of amounts payable after more than one year42€6k€5k▼
Financial debts43€4k-
Credit institutions430/8€4k-
Trade debts44€9k€7k▼
Suppliers440/4€9k€7k▼
Taxes, remuneration and social security45-€326
Taxes450/3-€326
Other amounts payable47/48€1k€8k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k-
Other operating charges640/8€2k€2k▼
Gross operating margin9900€-8k€2k▲
Operating profit (loss)9901€-17k€-6k▲
Financial income75/76B€320€128▼
Recurring financial income75€320€128▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-18k€-7k▲
Income taxes67/77-€244
Profit (loss) for the period9904€-18k€-7k▲
Profit (loss) for the period to be appropriated9905€-18k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€-38k▼
Profit (loss) brought forward from the previous period14P€-12k€-31k▼
The notes to these accounts (9 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
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Weakest financial yearnet €-19k ▼420%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Highest result since 2019net €7k ▲1339%
Net result €7k, the highest in the series.
2020
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
04-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Namur · 1 establishment unit since 1979
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.
Rue Saint-Fiacre 195000 NamurGround area
320 m²
Building footprint
144 m²
Volume, LiDAR
1,543 m³
Parcel 92094B0228/02Z003, Wallonia · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue Saint-Fiacre 19, 5000 Namur
since 19792.015.196.180
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094B0228/02Z003 | Wallonia | 320 m² | 1 · 144 m² | 13.0 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNamur2.015.196.180
Similar companies · same sector, comparable size
Chez Sophie
BE 0754.653.565
Chaudfontaine · Eq €16,356
TYMA
BE 0676.577.473
Aubange · Eq €16,383
SABRINA & ARIANA
BE 0526.973.779
Sint-Jans-Molenbeek · Eq €16,420
R&C Foods
BE 0758.482.590
Alken · Eq €16,159
KNS JUTT
BE 0636.778.274
Sint-Jans-Molenbeek · Eq €16,502
Of 2,476 companies in sector 47279 we hold annual accounts for 950. 668 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-06-1978
Fiscal year end31-03
Activities, NACEBEL 2025
47279Other retail sale of food
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.