ACTIVE

CLEARSOURCE

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Financial year 2025 · closed on 31/12/2025
Net result
113,2 k €
-26.8% YoY
Gross margin
170,7 k €
-53.4% YoY
Equity
635,9 k €
+21.6% YoY

What does CLEARSOURCE do?

CLEARSOURCE is a Private limited company incorporated in 2005. Its main activity is: Management consultancy activities. Its registered office is in Woluwe-Saint-Pierre.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0876.098.555
Incorporation
16/09/2005
Legal form
Private limited company
Registered office
Rue Longue 90
1150 Woluwe-Saint-Pierre · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities74142Specialised design activities78200Temporary employment agency activities78200Temporary employment agency activities78300Other human resources provision
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016200820072006
Income statement
Gross margin170,7 k €366,6 k €364,6 k €871,2 k €634,8 k €875 k €1,7 M €1,5 M €1,3 M €1,2 M €2,3 M €1,8 M €820,9 k €
EBITDA164,9 k €213,9 k €90,4 k €455,1 k €91,9 k €61,1 k €284,3 k €219,6 k €163,4 k €265,4 k €1,6 M €1,2 M €649,3 k €
Operating result164,4 k €213,3 k €56,5 k €427,8 k €58,3 k €-20,8 k €207,2 k €151,8 k €97,8 k €226,9 k €1,6 M €1,2 M €649,1 k €
Net result113,2 k €154,5 k €26,2 k €297 k €23,1 k €-56,7 k €99,4 k €62,8 k €13,1 k €19,1 k €938 k €746,4 k €386,7 k €
Balance sheet
Equity635,9 k €522,7 k €368,2 k €342 k €156,7 k €145,2 k €191,8 k €142,3 k €69,8 k €28,2 k €242,6 k €8,1 k €8,1 k €
Total assets1,1 M €1,2 M €1,2 M €1,7 M €1,8 M €1,9 M €3 M €2,8 M €2,5 M €2 M €2,3 M €2 M €1,4 M €
Cash256,9 k €550,7 k €222,3 k €134,7 k €79,5 k €142,1 k €94,2 k €131,4 €136,1 k €126,1 k €118,3 k €19,7 k €87 €
Debts426 k €712,4 k €870,3 k €1,3 M €1,6 M €1,7 M €2,8 M €2,5 M €2,4 M €2 M €2,1 M €2 M €1,4 M €
Other
Workforce––––7,5 ETP17,3 ETP19,1 ETP16,7 ETP16,5 ETP–5,7 ETP3,7 ETP1,4 ETP
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 · 13 ended

Active mandates

MURIEL BRAGARD

Director

Active

Ended mandates

Nicolas Christidis

Manager · since 17 septembre 2015 · until 21 avril 2020

Ended
Nicolas CHRISTIDIS

Manager · since 17 septembre 2015

Ended
NICOLAS CHRISTIDIS

Director · since 17 septembre 2015

Ended
Alban GAFFORI

Manager · since 01 avril 2009

Ended
At this address

Other companies at this address

CompanyCBE no.
DE LIMOGES● Active
0697.563.325
MB AGENCY● Active
0899.177.924
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/08/202629/08/202530/09/202423/08/202321/09/202230/09/2021
General meeting14/04/202615/04/202516/04/202418/04/202319/04/202220/04/2021
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

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202514/04/202631/08/2026FrenchPDF
Abridged model31/12/202415/04/202529/08/2025FrenchPDF
Abridged model31/12/202316/04/202430/09/2024FrenchPDF
Abridged model31/12/202218/04/202323/08/2023FrenchPDF
Abridged model31/12/202119/04/202221/09/2022FrenchPDF
Abridged model31/12/202020/04/202130/09/2021FrenchPDF
Abridged model31/12/201921/04/202022/10/2020FrenchPDF
Abridged model31/12/201816/04/201928/08/2019FrenchPDF
Abridged model31/12/201717/04/201804/09/2018FrenchPDF
Micro model31/12/201618/04/201730/09/2017FrenchPDF
Abridged model31/12/201519/04/201619/07/2016FrenchPDF
Abridged model31/12/201429/06/201531/07/2015FrenchPDF
Abridged model31/12/201315/04/201407/07/2014FrenchPDF
Abridged model31/12/201231/05/201307/08/2013FrenchPDF
Abridged model31/12/201131/05/201214/06/2012FrenchPDF
Abridged model31/12/201019/04/201117/08/2011FrenchPDF
Abridged model31/12/200920/05/201018/06/2010FrenchPDF
Abridged model31/12/200819/05/200916/06/2009FrenchPDF
Abridged model31/12/200720/05/200809/06/2008FrenchPDF
Abridged model31/12/200615/05/200714/06/2007FrenchPDF
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 · 13 ended

Active mandates

MURIEL BRAGARD

Director

Active

Ended mandates

Nicolas Christidis

Manager · since 17 septembre 2015 · until 21 avril 2020

Ended
Nicolas CHRISTIDIS

Manager · since 17 septembre 2015

Ended
NICOLAS CHRISTIDIS

Director · since 17 septembre 2015

Ended
Alban GAFFORI

Manager · since 01 avril 2009

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates29/12/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    PDF
  • Mandates13/12/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/02/2016
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates10/01/2013
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/04/2010
    DENOMINATION - SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/03/2010
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/04/2009
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/07/2008
    DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 2025113,2 k €↓
  2. 2024
    Annual accounts 2024154,5 k €↑
  3. 2023
    Annual accounts 202326,2 k €↓
  4. 2022
    Annual accounts 2022297 k €↑
  5. 2021
    Annual accounts 202123,1 k €↑
  6. 2020
    Annual accounts 2020-56,7 k €↓
  7. 2019
    Annual accounts 201999,4 k €↑
  8. 2018
    Annual accounts 201862,8 k €↑
  9. 2017
    Annual accounts 201713,1 k €↓
  10. 2016
    Annual accounts 201619,1 k €↓
  11. 2008
    Annual accounts 2008938 k €↑
  12. 2007
    Annual accounts 2007746,4 k €↑
  13. 2006
    Annual accounts 2006386,7 k €
  14. 16/09/2005
    IncorporationPrivate limited company