NORMAL SITUATION

b-source

Financial year 2024 · closed on 31/12/2024
Net result
-99,7 k €
-271.1% YoY
Gross margin
1,4 M €
-11.8% YoY
Equity
841,4 k €
-10.6% YoY
Workforce
18,4 ETP
-15.6% YoY

Company — Normal situation.

What does b-source do?

b-source is a company registered in Belgium. It employs on average 18,4 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0546.615.784
Legal form
Private limited company
Contributed capital
12 400,00 €
Latest accounts
31/12/2024
Average workforce
18,4 ETP
Signals
Solid equityGood liquidityHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202420232022202120192018201720162015
Income statement
Gross margin1,4 M €1,6 M €1,7 M €1,3 M €1,3 M €1,4 M €1 M €441,9 k €298,8 k €
EBITDA-90,4 k €110,3 k €245,9 k €247,4 k €250,4 k €458,7 k €457,2 k €105,5 k €100 k €
Operating result-90,4 k €98,5 k €222,5 k €200,9 k €231,2 k €345,4 k €396,6 k €68,5 k €67,5 k €
Net result-99,7 k €58,3 k €128,9 k €125,2 k €142 k €196,3 k €230,5 k €39 k €40,3 k €
Balance sheet
Equity841,4 k €941,1 k €1 M €880,4 k €659 k €517,7 k €322,2 k €91,7 k €52,7 k €
Total assets1,3 M €1,4 M €1,7 M €1,2 M €1,3 M €1,1 M €1 M €479,6 k €257,4 k €
Cash63 k €168,5 k €394,5 k €150,6 k €248,1 k €261,2 k €276,6 k €72,9 k €72,2 k €
Debts433,2 k €438,6 k €652,5 k €349,9 k €606,1 k €577,7 k €701,6 k €387,7 k €204,5 k €
Other
Workforce18,4 ETP21,8 ETP20,2 ETP17,4 ETP13,0 ETP8,0 ETP4,3 ETP
Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 6 ended

Active mandates

Manet Management in Motion

Director · since 02 mai 2024 · 0835.186.232

Represented by Peter MANET

Active
Yellow Partners

Director · since 02 mai 2024 · 0800.859.120

Represented by Davy JONCKERS

Active

Ended mandates

B-CORE GROUP

Director · since 01 janvier 2018 · 0681.680.267

Represented by Cornelis BOB

Ended
B-CORE GROUP

Manager · since 01 janvier 2018 · 0681.680.267

Represented by BOB CORNELIS

Ended
B-CORE GROUP

Director · 0681.680.267

Represented by Cornelis BOB

Ended
B-CORE GROUP

Director · 0681.680.267

Represented by Cornelis BOB

Ended
Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202301/10/202201/10/202101/10/202001/10/201901/10/2018
Closing of the financial year31/12/202430/09/202330/09/202230/09/202130/09/202030/09/2019
Length of the financial year15 months12 months12 months12 months12 months12 months
Filing date29/09/202530/04/202420/04/202330/04/202230/04/202127/04/2020
General meeting16/06/202530/03/202425/03/202330/03/202231/03/202128/03/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202416/06/202529/09/2025DutchPDF
Abridged model30/09/202330/03/202430/04/2024DutchPDF
Abridged model30/09/202225/03/202320/04/2023DutchPDF
Abridged model30/09/202130/03/202230/04/2022DutchPDF
Abridged model30/09/202031/03/202130/04/2021DutchPDF
Abridged model30/09/201928/03/202027/04/2020DutchPDF
Abridged model30/09/201830/03/201905/04/2019DutchPDF
Abridged model30/09/201731/03/201827/04/2018DutchPDF
Abridged model30/09/201625/03/201726/04/2017DutchPDF
Abridged model30/09/201526/03/201629/03/2016DutchPDF
Estimate

Indicative valuation

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 31/12/2024 · 2 active · 6 ended

Active mandates

Manet Management in Motion

Director · since 02 mai 2024 · 0835.186.232

Represented by Peter MANET

Active
Yellow Partners

Director · since 02 mai 2024 · 0800.859.120

Represented by Davy JONCKERS

Active

Ended mandates

B-CORE GROUP

Director · since 01 janvier 2018 · 0681.680.267

Represented by Cornelis BOB

Ended
B-CORE GROUP

Manager · since 01 janvier 2018 · 0681.680.267

Represented by BOB CORNELIS

Ended
B-CORE GROUP

Director · 0681.680.267

Represented by Cornelis BOB

Ended
B-CORE GROUP

Director · 0681.680.267

Represented by Cornelis BOB

Ended
Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

Timeline

  1. 2024
    Annual accounts 2024-99,7 k €
  2. 2023
    Annual accounts 202358,3 k €
  3. 2022
    Annual accounts 2022128,9 k €
  4. 2022
    Name changeB-Source
  5. 2021
    Annual accounts 2021125,2 k €
  6. 2021
    Name changeB-CORE
  7. 2019
    Annual accounts 2019142 k €
  8. 2018
    Annual accounts 2018196,3 k €
  9. 2017
    Annual accounts 2017230,5 k €
  10. 2016
    Annual accounts 201639 k €
  11. 2015
    Annual accounts 201540,3 k €