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 2 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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Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Re:Source from Wielsbeke, company number BE0779748752, closed financial year 2025 with a result of € -2.2 million after tax. For that financial year Re:Source recorded a gross margin of € 492,291 and equity of € -3 million. Compared with financial year 2024, the result moved from € -1.2 million to € -2.2 million. 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 September 30, 2026.
€ -3 million
▼ € 2.2 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.2 million
▼ 80 % more loss than in 2024
Profit after tax over the fiscal year.
€ 349,314
▲ € 328,707 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.7 million.
People and assets in 2025
6.9
▲ 3.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 481,374
▲ 122% vs 2024
€ 69,800 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.
€ 7.6 million
▼ 15% vs 2024
Of which on lease € 7.6 million.
Debts at end 2025
€ 11.6 million
▲ 9% vs 2024
€ 1.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 674,159
▼ 64% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 68,532
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -3,846 | € -177,478 | € -319,068 | € 492,291 | ▲ € 811,359 |
| Profit after taxes | € -15,101 | € -285,113 | € -1,231,749 | € -2,211,562 | ▼ € 979,813 |
| Equity | € 305,899 | € 480,786 | € -750,963 | € -2,962,525 | ▼ € 2.2 million |
| Total debts | € 79,342 | € 2,916,472 | € 12,693,637 | € 12,590,670 | ▼ 1% |
| Cash | € 219,289 | € 1,120,020 | € 20,607 | € 349,314 | ▲ € 328,707 |
| Retained profit | € -15,101 | € -300,214 | € -1,531,963 | € -3,743,525 | ▼ € 2.2 million |
| Bank debt | € 25 | € 2,796,229 | € 10,608,285 | € 11,611,729 | ▲ 9% |
| Balance sheet total | € 385,240 | € 3,397,258 | € 11,942,674 | € 9,628,144 | ▼ 19% |
| Employees (FTE) | - | 0.2 | 3.1 | 6.9 | ▲ 3.8 |
Key figures of Re: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 Re:Source?
What happened at Re: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 € 2.2 million. filed late Source: NBB ↗
- New establishment in Wielsbeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,101 loss in 2022 to € 2.2 million loss in 2025.
Paid € 334 in corporate taxes since 2022.
On average € 71,300 of value added per employee in 2025.
Management
The stake of IMSTO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Re:SourceBehind Re:Source are Kriel CommV, Impetus BV, Impetus Invest NV and Diratec BV. The shares are held by IMSTO (50%).
Directors
According to the 2025 annual accounts
Director · represented by Kristof Wallays
Also active at: AGRISTO, IMSTO, AGRISTO NAZARETH, VALPROMIC
Director · represented by Dieter Raes
Also active at: AGRISTO, IMSTO, AGRISTO NAZARETH, VALPROMIC
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Lembeekstraat 2
8710 Wielsbeke
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0779.748.752
- VAT number
- BE 0779.748.752
- Registered office
- Lembeekstraat 2, 8710 Wielsbeke
- Names & denominations
- Re:Source
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 January 2022
- Peppol
- Active · Active since 5 Dec 2025
- Activities · NACE
Verwerking en conservering van aardappelen, exclusief productie van diepgevroren aardappelbereidingen
Vervaardiging van andere voedingsmiddelen, neg
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van terreinen
Overige zakelijke dienstverlening, neg
Diverse administratieve activiteiten ten behoeve van kantoren