Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 9.6 to 8.2.
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Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
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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 2024
Source Automation Belgium from Sint-Pieters-Woluwe, company number BE0845858707, closed financial year 2024 with a result of € 234,989 after tax. For that financial year Source Automation Belgium recorded revenue of € 78.8 million and equity of € 1.2 million. Compared with financial year 2023, the result moved from € 327,660 to € 234,989. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 9, 2025.
€ 1.2 million
▲ 25% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 234,989
▼ 28% vs 2023
Profit after tax over the fiscal year.
€ 7.7 million
▲ € 7.7 million vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 1.2 million.
People and assets in 2024
8.2
▼ 1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 544,379
▼ 7% vs 2023
€ 66,400 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 2024
None
No bank loans on the last day of the fiscal year.
€ 13.6 million
▼ 12% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 64 days on average.
€ 1.1 million
▲ € 990,298 vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 53,177,084 | € 65,117,572 | € 78,187,942 | € 78,770,335 | ▲ 1% |
| Profit after taxes | € 79,898 | € -136,635 | € 327,660 | € 234,989 | ▼ 28% |
| Equity | € 761,535 | € 624,900 | € 952,560 | € 1,187,549 | ▲ 25% |
| Total debts | € 25,434,790 | € 12,382,638 | € 23,174,043 | € 16,674,615 | ▼ 28% |
| Cash | € 367,699 | € 9,923 | € 3,449 | € 7,714,516 | ▲ € 7.7 million |
| Retained profit | € 755,335 | € 616,840 | € 946,360 | € 1,181,349 | ▲ 25% |
| Balance sheet total | € 26,196,325 | € 13,007,537 | € 24,126,603 | € 17,862,165 | ▼ 26% |
| Employees (FTE) | 6.6 | 9.6 | 9.2 | 8.2 | ▼ 1 |
Key figures of Source Automation Belgium, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Source Automation Belgium?
What happened at Source Automation Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 234,989 (▼ 28% vs 2023). filed late Source: NBB ↗
- Adriaan Cornelis Elsman became a director. NBB
- Henrica Van Happen became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Sint-Pieters-Woluwe. KBO
In short
From € 79,898 profit in 2021 to € 234,989 profit in 2024.
Paid € 140,464 in corporate taxes since 2021.
Best year ever: 2023, with € 327,660 profit.
Pays suppliers within 64 days on average.
A new publication or filing at Source Automation Belgium? We notify you, reason included.
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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
Behind Source Automation Belgium are Adriaan Cornelis Elsman and Henrica Van Happen.
Directors
According to the 2024 annual accounts
Adriaan Cornelis Elsman
Director
since 2024
Henrica Van Happen
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Roger Vandendriesschelaan 18 box 4
1150 Sint-Pieters-Woluwe
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →International Wool Secretariat
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0845.858.707
- VAT number
- BE 0845.858.707
- Registered office
- Roger Vandendriesschelaan 18 bus 4, 1150 Sint-Pieters-Woluwe
- Names & denominations
- Source Automation Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 May 2012
- Peppol
- Not registered
- Activities · NACE
Arbeidsbemiddeling