ACTIVE

La Source

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Financial year 2025 · closed on 31/12/2025

Net result

190,3 k €

-27.7% YoY

Gross margin

1,1 M €

+13.9% YoY

Equity

1,2 M €

+1.5% YoY

What does La Source do?

La Source is a Non-profit organization incorporated in 1976. Its main activity is: Residential care activities for mental retardation, mental health and substance abuse. Its registered office is in Bastogne.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.434.262

Incorporation

28/07/1976

Legal form

Non-profit organization

Registered office

Bizory 5
6600 Bastogne · WallonieSee on map

Latest accounts

31/12/2025

Activities (NACE)

87202Residential care activities for mental retardation, mental health and substance abuse· main 87202Residential care activities for mental retardation, mental health and substance abuse

Joint committees (4)

100
200
31902
32902

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,1 M €	+13.9%	988,8 k €	+2.3%	966,6 k €	+22.1%	791,9 k €	+38.4%	572 k €	+3.4%	553 k €	+11.0%	498 k €	+7.1%	464,9 k €	-0.6%	467,9 k €	+5.0%	445,8 k €	+5.4%	423,1 k €	+1.6%	416,2 k €	+22.9%	338,6 k €	-24.1%	446,2 k €	-6.2%	475,9 k €	+28.2%	371,3 k €	+2.2%	363,2 k €	+5.1%	345,5 k €	-7.7%	374,2 k €
EBITDA	212,1 k €	-25.9%	286,4 k €	+8.2%	264,7 k €	+63.9%	161,5 k €	+29.8%	124,4 k €	-20.4%	156,2 k €	+70.3%	91,8 k €	+24.8%	73,5 k €	-11.2%	82,8 k €	+38.8%	59,7 k €	-29.7%	84,9 k €	+141%	35,2 k €	+185%	-41,6 k €	-140%	104,2 k €	-34.8%	159,7 k €	+114%	74,7 k €	+2.7%	72,7 k €	+184%	-86,9 k €	-142%	207 k €
Operating result	161,2 k €	-31.5%	235,3 k €	+8.8%	216,4 k €	+88.5%	114,8 k €	+52.1%	75,5 k €	-30.8%	109,1 k €	+135%	46,5 k €	+54.5%	30,1 k €	-29.6%	42,8 k €	+41.0%	30,3 k €	-49.7%	60,4 k €	+411%	11,8 k €	+118%	-64,8 k €	-181%	80,4 k €	-40.3%	134,6 k €	+154%	53 k €	+2.1%	51,9 k €	+149%	-104,8 k €	-155%	190,1 k €
Net result	190,3 k €	-27.7%	263,4 k €	+7.9%	244,1 k €	+72.6%	141,4 k €	+38.0%	102,5 k €	-23.4%	133,8 k €	+91.0%	70 k €	+1461%	4,5 k €	+111%	-39,7 k €	-333%	17 k €	+106%	-267 k €	-672%	-34,6 k €	-563%	7,5 k €	-19.6%	9,3 k €	-78.9%	44 k €	+304%	-21,6 k €	-24847%	87,2 €	+100%	-109,4 k €	-158%	187,6 k €
Balance sheet
Equity	1,2 M €	+1.5%	1,2 M €	+14.9%	1 M €	+23.1%	850,6 k €	+4.4%	814,9 k €	+4.9%	776,9 k €	+5.7%	734,8 k €	-3.6%	762,1 k €	+0.1%	761,3 k €	+10.3%	690,1 k €	+52.6%	452,2 k €	+19.0%	379,9 k €	-8.0%	412,9 k €	+1.8%	405,4 k €	+2.3%	396,1 k €	+12.5%	352,1 k €	-5.8%	373,7 k €	+0.0%	373,6 k €	-22.7%	483 k €
Total assets	1,4 M €	+5.6%	1,4 M €	+7.1%	1,3 M €	+21.1%	1,1 M €	+7.8%	980,4 k €	-5.1%	1 M €	+7.4%	962,5 k €	+6.2%	906,4 k €	-0.4%	910,3 k €	-0.3%	912,8 k €	+44.0%	633,8 k €	+12.1%	565,5 k €	-3.3%	585 k €	-13.9%	679,5 k €	-3.3%	702,8 k €	+12.6%	624,3 k €	-4.9%	656,1 k €	+7.4%	611 k €	+19.4%	511,9 k €
Cash	371,5 k €	+121%	168,2 k €	+379%	35,1 k €	-73.3%	131,6 k €	+50.8%	87,3 k €	-5.7%	92,6 k €	+85.6%	49,9 k €	+10.5%	45,2 k €	+60.4%	28,2 k €	-65.4%	81,3 k €	+37.8%	59 k €	+187%	20,6 k €	-3.2%	21,3 k €	-78.3%	97,9 k €	-37.8%	157,4 k €	-33.1%	235,4 k €	-6.2%	251 k €	+117%	115,4 k €	+154%	45,5 k €
Debts	127,5 k €	+86.8%	68,2 k €	-48.8%	133,3 k €	+25.3%	106,3 k €	+62.4%	65,5 k €	-58.2%	156,4 k €	+22.5%	127,7 k €	+189%	44,2 k €	-9.7%	49 k €	-60.1%	122,7 k €	+50.3%	81,6 k €	-4.6%	85,6 k €	+18.9%	72 k €	+56.2%	46,1 k €	-41.3%	78,5 k €	+77.8%	44,2 k €	-18.9%	54,4 k €	+45.5%	37,4 k €	+29.9%	28,8 k €
Other
Workforce	–		13,9 ETP	+11.2%	12,5 ETP	+5.0%	11,9 ETP	+5.3%	11,3 ETP	+7.6%	10,5 ETP	-4.5%	11,0 ETP	+13.4%	9,7 ETP	-2.0%	9,9 ETP	-12.4%	11,3 ETP	+18.9%	9,5 ETP	+6.7%	8,9 ETP	-18.3%	10,9 ETP	+11.2%	9,8 ETP	+21.0%	8,1 ETP	+3.8%	7,8 ETP	-7.1%	8,4 ETP	+5.0%	8,0 ETP	+40.4%	5,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 15 ended

Active mandates

Mercedes WILLEMS

Director · since 19 avril 2019

Active

Bernard TOUSSAINT

Director · since 17 août 2011

Active

Michelle HESBOIS

Director · since 17 août 2011

Active

Véronique BOUTAY

Director · since 17 août 2011

Active

Agnès ANNET

Director · since 14 avril 2004

Active

Anne-Marie PHILIPPE

Director · since 14 avril 2004

Active

Marguerite DESERT

Director · since 14 avril 2004

Active

Michel RIFON

Director · since 14 avril 2004

Active

Paule MARTIN

Director · since 14 avril 2004

Active

Ended mandates

Mercédès WILLEMS

Director · since 19 avril 2016

Ended

Bernard TOUUSAINT

Director · since 17 août 2011

Ended

Michel TOUSSAINT

Director · since 17 août 2011

Ended

André CORNET

Director · since 14 avril 2004

Ended

At this address

Other companies at this address

Company	CBE no.
Animalaine● Active	0463.286.252

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/08/2026	31/07/2025	29/08/2024	01/09/2023	31/08/2022	26/08/2021
General meeting	09/07/2026	03/06/2025	27/06/2024	29/06/2023	23/06/2022	24/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	09/07/2026	28/08/2026	French	PDF
Abridged model	31/12/2024	03/06/2025	31/07/2025	French	PDF
Abridged model	31/12/2023	27/06/2024	29/08/2024	French	PDF
Abridged model	31/12/2022	29/06/2023	01/09/2023	French	PDF
Abridged model	31/12/2021	23/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	24/06/2021	26/08/2021	French	PDF
Abridged model	31/12/2019	21/09/2020	26/10/2020	French	PDF
Abridged model	31/12/2018	14/06/2019	27/06/2019	French	PDF
Abridged model	31/12/2017	08/05/2018	30/10/2018	French	PDF
Abridged model	31/12/2016	11/05/2017	17/08/2017	French	PDF
Abridged model	31/12/2015	19/04/2016	24/08/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	30/10/2015	French	PDF
Abridged model	31/12/2013	06/05/2014	26/08/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	20/08/2012	22/08/2012	French	PDF
Abridged model	31/12/2010	17/08/2011	24/08/2011	French	PDF
Abridged model	31/12/2009	30/08/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	28/05/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	04/06/2008	03/09/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 15 ended

Active mandates

Mercedes WILLEMS

Director · since 19 avril 2019

Active

Bernard TOUSSAINT

Director · since 17 août 2011

Active

Michelle HESBOIS

Director · since 17 août 2011

Active

Véronique BOUTAY

Director · since 17 août 2011

Active

Agnès ANNET

Director · since 14 avril 2004

Active

Anne-Marie PHILIPPE

Director · since 14 avril 2004

Active

Marguerite DESERT

Director · since 14 avril 2004

Active

Michel RIFON

Director · since 14 avril 2004

Active

Paule MARTIN

Director · since 14 avril 2004

Active

Ended mandates

Mercédès WILLEMS

Director · since 19 avril 2016

Ended

Bernard TOUUSAINT

Director · since 17 août 2011

Ended

Michel TOUSSAINT

Director · since 17 août 2011

Ended

André CORNET

Director · since 14 avril 2004

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/08/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates17/08/2021
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates18/03/2020
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Mandates26/09/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates15/12/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates30/07/2004
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025190,3 k €↓
2024
Annual accounts 2024263,4 k €↑
2023
Annual accounts 2023244,1 k €↑
2022
Annual accounts 2022141,4 k €↑
2021
Annual accounts 2021102,5 k €↓
2020
Annual accounts 2020133,8 k €↑
2019
Annual accounts 201970 k €↑
2018
Annual accounts 20184,5 k €↑
2017
Annual accounts 2017-39,7 k €↓
2016
Annual accounts 201617 k €↑
2015
Annual accounts 2015-267 k €↓
2014
Annual accounts 2014-34,6 k €↓
2013
Annual accounts 20137,5 k €↓
2012
Annual accounts 20129,3 k €↓
2011
Annual accounts 201144 k €↑
2010
Annual accounts 2010-21,6 k €↓
2009
Annual accounts 200987,2 €↑
2008
Annual accounts 2008-109,4 k €↓
2007
Annual accounts 2007187,6 k €
28/07/1976
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

La Source

Overview

What does La Source do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline