ACTIVE

SOURCE-E

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Financial year 2025 · closed on 31/12/2025

Net result

81,8 k €

-38.6% YoY

Gross margin

80,9 k €

-1.9% YoY

Equity

386,9 k €

+26.8% YoY

What does SOURCE-E do?

SOURCE-E is a Private limited company incorporated in 2010. Its main activity is: Computer consultancy activities. Its registered office is in Evergem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0827.805.819

Incorporation

14/07/2010

Legal form

Private limited company

Registered office

Zwaluwstraat 9
9940 Evergem · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 63100Data processing, hosting and related activities; web portals 63110Data processing, hosting and related activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	80,9 k €	-1.9%	82,4 k €	+6.6%	77,3 k €	+3.9%	74,4 k €	+15.6%	64,4 k €	+36.1%	47,3 k €	+106%	22,9 k €	-13.3%	26,4 k €	+34.4%	19,7 k €	+7.0%	18,4 k €	+34.3%	13,7 k €	+288%	3,5 k €	+10.4%	3,2 k €	-25.8%	4,3 k €	+230%	-3,3 k €
EBITDA	78,4 k €	-3.1%	80,9 k €	+5.5%	76,7 k €	+4.2%	73,6 k €	+40.1%	52,5 k €	+16.8%	45,0 k €	+107%	21,8 k €	+6.3%	20,5 k €	+12.0%	18,3 k €	+8.2%	16,9 k €	+47.4%	11,5 k €	+361%	2,5 k €	-2.0%	2,5 k €	-36.9%	4,0 k €	+213%	-3,6 k €
Operating result	54,9 k €	-7.5%	59,3 k €	+5.6%	56,2 k €	+5.8%	53,1 k €	+36.9%	38,8 k €	-10.8%	43,5 k €	+119%	19,9 k €	+33.4%	14,9 k €	+17.9%	12,6 k €	+16.1%	10,9 k €	+60.0%	6,8 k €	+658%	897,2 €	-53.3%	1,9 k €	-46.4%	3,6 k €	+201%	-3,6 k €
Net result	81,8 k €	-38.6%	133,3 k €	+262%	36,8 k €	+9.8%	33,5 k €	+41.6%	23,7 k €	-9.0%	26,0 k €	+86.0%	14,0 k €	+13.1%	12,3 k €	+37.8%	9,0 k €	+30.9%	6,8 k €	+70.2%	4,0 k €	+2396%	161,3 €	-91.4%	1,9 k €	-46.9%	3,5 k €	+159%	-6,0 k €
Balance sheet
Equity	386,9 k €	+26.8%	305,1 k €	+77.5%	171,8 k €	+27.2%	135,0 k €	+33.0%	101,5 k €	+30.4%	77,9 k €	+50.1%	51,9 k €	+36.8%	37,9 k €	+48.3%	25,6 k €	+53.9%	16,6 k €	+70.1%	9,8 k €	+70.1%	5,7 k €	+2.9%	5,6 k €	+50.8%	3,7 k €	+2234%	158,5 €
Total assets	719,4 k €	+4.1%	691,1 k €	+21.5%	568,8 k €	+2.1%	557,2 k €	+0.3%	555,6 k €	+34.3%	413,6 k €	+655%	54,8 k €	+8.4%	50,6 k €	+58.0%	32,0 k €	-3.8%	33,3 k €	+0.8%	33,0 k €	+285%	8,6 k €	-4.9%	9,0 k €	-7.7%	9,8 k €	-18.3%	12,0 k €
Cash	69,5 k €	-63.2%	189,2 k €	+197%	63,6 k €	+77.3%	35,9 k €	+42.2%	25,2 k €	-24.5%	33,4 k €	+149%	13,4 k €	-20.6%	16,9 k €	+82.0%	9,3 k €	+32.8%	7,0 k €	-47.8%	13,4 k €	+1199%	1,0 k €	-77.6%	4,6 k €	-5.6%	4,9 k €	+86.2%	2,6 k €
Debts	332,5 k €	-13.8%	386,0 k €	-2.8%	397,0 k €	-6.0%	422,1 k €	-7.0%	454,1 k €	+35.3%	335,7 k €	+11403%	2,9 k €	-76.9%	12,6 k €	+96.4%	6,4 k €	-61.4%	16,7 k €	-28.3%	23,2 k €	+719%	2,8 k €	-17.5%	3,4 k €	-43.4%	6,1 k €	-48.5%	11,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

MAARTEN DERUWE

Manager

Active

Ended mandates

MAARTEN DERUWE

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	27/08/2026	29/08/2025	31/07/2024	29/06/2023	18/11/2022	13/08/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	29/06/2023	30/06/2022	30/06/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	27/08/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	30/06/2024	31/07/2024	Dutch	PDF
Micro model	31/12/2022	29/06/2023	29/06/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	18/11/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	13/08/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	20/08/2020	Dutch	PDF
Micro model	31/12/2018	30/06/2019	27/08/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	14/08/2018	Dutch	PDF
Abridged model	31/12/2016	14/04/2017	11/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	15/05/2015	12/08/2015	Dutch	PDF
Abridged model	31/12/2013	19/06/2014	15/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	13/08/2013	Dutch	PDF
Abridged model	31/12/2011	12/06/2012	28/08/2012	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 1 ended

Active mandates

MAARTEN DERUWE

Manager

Active

Ended mandates

MAARTEN DERUWE

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office16/12/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates24/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/11/2021
MAATSCHAPPELIJKE ZETEL
PDF
Registered office14/04/2015
MAATSCHAPPELIJKE ZETEL
PDF
Registered office22/06/2012
MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/04/2011
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other26/07/2010
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202581,8 k €↓
2024
Annual accounts 2024133,3 k €↑
2023
Annual accounts 202336,8 k €↑
2022
Annual accounts 202233,5 k €↑
2021
Annual accounts 202123,7 k €↓
2020
Annual accounts 202026,0 k €↑
2019
Annual accounts 201914,0 k €↑
2018
Annual accounts 201812,3 k €↑
2017
Annual accounts 20179,0 k €↑
2016
Annual accounts 20166,8 k €↑
2015
Annual accounts 20154,0 k €↑
2014
Annual accounts 2014161,3 €↓
2013
Annual accounts 20131,9 k €↓
2012
Annual accounts 20123,5 k €↑
2011
Annual accounts 2011-6,0 k €
14/07/2010
IncorporationPrivate limited company

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

SOURCE-E

Overview

What does SOURCE-E do?

Trend over 15 financial years

Indicative valuation

Board of directors

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