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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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
32 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Sources Development from Brussel, company number BE0668433334, closed financial year 2025 with a result of € -69,984 after tax. For that financial year Sources Development recorded a gross margin of € -45,858 and equity of € -35,288. Compared with financial year 2024, the result moved from € -202,659 to € -69,984. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ -35,288
▼ € 69,984 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -69,984
▲ 65 % less loss than in 2024
Profit after tax over the fiscal year.
€ 91,960
▼ 74% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -250,288.
Debts at end 2025
€ 200
Loans from banks and other lenders, long and short.
€ 143,490
▲ 197% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,984
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 6,027 | - | |
| Gross margin | € 860,341 | € -167,979 | € -193,669 | € -45,858 | ▲ € 147,811 |
| Profit after taxes | € 601,368 | € -177,957 | € -202,659 | € -69,984 | ▲ € 132,675 |
| Equity | € 415,313 | € 237,356 | € 34,696 | € -35,288 | ▼ € 69,984 |
| Total debts | € 1,130,928 | € 166,952 | € 774,211 | € 769,516 | ▼ 1% |
| Cash | € 344,752 | € 52,630 | € 358,585 | € 91,960 | ▼ 74% |
| Retained profit | € 200,313 | € 22,356 | € -180,304 | € -250,288 | ▼ € 69,984 |
| Dividend | € 1,000,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 200 | € 200 | € 200 | € 200 | |
| Balance sheet total | € 1,546,241 | € 404,307 | € 808,907 | € 734,228 | ▼ 9% |
Key figures of Sources Development, 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 Sources Development?
What happened at Sources Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 69,984. Source: NBB ↗
- Adeline Simont became a director. NBB
- SCARFO SPRL stepped down as director. NBB
- New establishment in Brussel. KBO
- BELGIAN LAND SA became a director. NBB
- SCARFO SPRL became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 601,368 profit in 2022 to € 69,984 loss in 2025.
Paid € 213,919 in corporate taxes since 2022.
Best year ever: 2022, with € 601,368 profit.
Paid out € 1 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of BELGIAN LAND comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Sources DevelopmentBehind Sources Development are Adeline Simont and BELGIAN LAND SA. The shares are held by BELGIAN LAND (100%).
Directors
According to the 2025 annual accounts
Adeline Simont
Director
Also active at: ANDEL, BELGIAN LAND, Belgian Land Properties, GLIDA IMMO, SEB Development, Plantin Development, LES COLLINES DE WAVRE, Bassem Certificates +1 more
since 2025
Manager · represented by André Marie Pierre BOSMANS
Also active at: PRE DE LA PERCHE CONSTRUCTION, SEB Development, Plantin Development
since 2016
Manager · represented by Emilie Jehanne Marthe Ré ROUSSEAUX
Also active at: SEB Development, Plantin Development
since 2016 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Guimardstraat 18
1040 Brussel
Lloyd Georgelaan 7
1000 Brussel
Active since 23 December 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 32 companies are registered at this address.
All companies at this address →Société Immobilière et Financière Industrie Guimard
€ 3.3 million revenue · 2025
STOCKEL RESIDENCE CERTIFICATES
€ 1.2 million revenue · 2025
DPAM B
PLUSINVEST
PICARDIE INVEST
€ 16,158 revenue · 2025
+27 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0668.433.334
- VAT number
- BE 0668.433.334
- Registered office
- Guimardstraat 18, 1040 Brussel
- Names & denominations
- Sources Development
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2016
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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