Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
La Source from Comines-Warneton, company number BE0431745911, closed financial year 2025 with a result of € -83,726 after tax. For that financial year La Source recorded revenue of € 212,569 and equity of € 130,153. Compared with financial year 2024, the result moved from € -109,311 to € -83,726. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 130,153
▼ 39% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -83,726
▲ 23 % less loss than in 2024
Profit after tax over the fiscal year.
€ 89,669
▼ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
15.9
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1 million
▲ 5% vs 2024
€ 63,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 227,645
▼ 8% vs 2024
€ 19,995 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 153,866
▼ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 144,792
▲ 41% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 201,046 | € 202,887 | € 242,616 | € 212,569 | ▼ 12% |
| Gross margin | € 836,653 | € 824,817 | € 931,477 | € 1,024,898 | ▲ 10% |
| Profit after taxes | € -173,177 | € -155,440 | € -109,311 | € -83,726 | ▲ € 25,585 |
| Equity | € 478,630 | € 323,190 | € 213,879 | € 130,153 | ▼ 39% |
| Total debts | € 442,917 | € 587,033 | € 797,740 | € 596,303 | ▼ 25% |
| Cash | € 22,763 | € 57,730 | € 163,823 | € 89,669 | ▼ 45% |
| Land & buildings | € 637,118 | € 581,742 | € 526,997 | € 472,345 | ▼ 10% |
| Retained profit | € 478,630 | € 323,190 | € 213,879 | € 130,153 | ▼ 39% |
| Bank debt | € 284,570 | € 266,083 | € 247,125 | € 227,645 | ▼ 8% |
| Balance sheet total | € 921,547 | € 910,223 | € 1,011,619 | € 726,456 | ▼ 28% |
| Employees (FTE) | 14.7 | 16.5 | 16.8 | 15.9 | ▼ 0.9 |
Key figures of La Source, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to La Source?
What happened at La Source in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 83,726. Source: NBB ↗
- Virginie Poire became a director. NBB
- New establishment in Comines-Warneton. KBO
- Xavier Dubois became a director. NBB
- Damien Sieuw became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 173,177 loss in 2022 to € 83,726 loss in 2025.
On average € 64,500 of value added per employee in 2025.
Management
Behind La Source are Damien Sieuw, Virginie Poire, André Cardinael and Xavier Dubois. Damien Sieuw is also behind D.E.K.A., DR DAMIEN SIEUW and Service d'Aide à Domicile de Comines-Warneton. Virginie Poire is also behind VIRGINIE POIRE.
Directors
According to the 2025 annual accounts
Damien Sieuw
Chairman of the board
Also active at: D.E.K.A., DR DAMIEN SIEUW, Service d'Aide à Domicile de Comines-Warneton
since 2004
since 2018
André Cardinael
Director
Xavier Dubois
Trésorier, Secrétaire
since 2006
Establishments
Establishment units
Physical locations of this company
Touquetstraat(Biz) 94
7783 Comines-Warneton
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0431.745.911
- VAT number
- BE 0431.745.911
- Registered office
- Touquetstraat(Biz) 94, 7783 Comines-Warneton
- Names & denominations
- La Source
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 1 October 1985
- Peppol
- Not registered
- Contact
- [email protected] +32(0)56589758
- Activities · NACE
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Overige maatschappelijke dienstverlening met huisvesting, n.e.g.