What does IMMOBILIERE DE LA SOURCE do?

IMMOBILIERE DE LA SOURCE is registered with the CBE as active in: Ontwikkeling van residentiële bouwprojecten. Public Limited, started on 8 November 2006.

What is the address of IMMOBILIERE DE LA SOURCE?

The registered office of IMMOBILIERE DE LA SOURCE is located at Route du Circuit 22, 4970 Stavelot.

Is IMMOBILIERE DE LA SOURCE still active?

Yes. According to the CBE (30 October 2026) IMMOBILIERE DE LA SOURCE is active, legal situation “Normale toestand”, started on 8 November 2006.

Is IMMOBILIERE DE LA SOURCE registered on Peppol?

Yes, IMMOBILIERE DE LA SOURCE is registered on the Peppol network with ID 0208:0884829743.

What is the enterprise number of IMMOBILIERE DE LA SOURCE?

The enterprise number of IMMOBILIERE DE LA SOURCE is BE0884829743.

When was IMMOBILIERE DE LA SOURCE founded?

IMMOBILIERE DE LA SOURCE was founded on 8 November 2006.

Who are the directors of IMMOBILIERE DE LA SOURCE?

According to the 2025 annual accounts, the directors of IMMOBILIERE DE LA SOURCE are: Franck RUIMY, PROMOBE PARTICIPATIONS SA, Flavio BECCA, Eric LUX, Romain BONTEMPS, Adrian BRAIMER JONES.

Is IMMOBILIERE DE LA SOURCE a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 8 November 2006; 5 annual accounts filed, latest fiscal year 2025; 6 directors known from the annual account.

How much profit did IMMOBILIERE DE LA SOURCE make in 2025?

IMMOBILIERE DE LA SOURCE recorded a loss after taxes of € 2,741,140 in financial year 2025.

What is the revenue of IMMOBILIERE DE LA SOURCE?

As a small company, IMMOBILIERE DE LA SOURCE is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,255,453.

IMMOBILIERE DE LA SOURCE (Public Limited) - Stavelot

Dossier IMMOBILIERE DE LA SOURCE, printed on 30 October 2026 from databakkes.be/en/0884829743/immobiliere-de-la-source. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 4 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

IMMOBILIERE DE LA SOURCE from Stavelot, company number BE0884829743, closed financial year 2025 with a result of € -2.7 million after tax. For that financial year IMMOBILIERE DE LA SOURCE recorded a gross margin of € 1.3 million and equity of € -24.9 million. Compared with financial year 2024, the result moved from € -2.6 million to € -2.7 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.

What it is worth Caution

€ -24.9 million

▼ € 2.7 million vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -2.7 million

▼ 7 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 884,748

▲ 180% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -25 million.

Debts at end 2025

Bank debt

€ 268,750

▼ 67% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 50,371

▼ 39% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 167,082

▲ € 152,778 vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 721,892 Gross margin 2022: € 721,892 First fiscal year in the series	€ 769,624 Gross margin 2023: € 769,624 ▲ 7% vs 2022 (€ 721,892) Favourable step	€ 832,417 Gross margin 2024: € 832,417 ▲ 8% vs 2023 (€ 769,624) Favourable step	€ 1,255,453 Gross margin 2025: € 1,255,453 ▲ 51% vs 2024 (€ 832,417) Favourable step	▲ 51%
Profit after taxes	€ -2,218,153 Profit after taxes 2022: € -2,218,153 First fiscal year in the series	€ -2,382,523 Profit after taxes 2023: € -2,382,523 ▼ € 164,370 vs 2022 (€ -2,218,153) Unfavourable step	€ -2,556,603 Profit after taxes 2024: € -2,556,603 ▼ € 174,080 vs 2023 (€ -2,382,523) Unfavourable step	€ -2,741,140 Profit after taxes 2025: € -2,741,140 ▼ € 184,537 vs 2024 (€ -2,556,603) Unfavourable step	▼ € 184,537
Equity	€ -17,215,269 Equity 2022: € -17,215,269 First fiscal year in the series	€ -19,597,792 Equity 2023: € -19,597,792 ▼ € 2.4 million vs 2022 (€ -17,215,269) Unfavourable step	€ -22,154,395 Equity 2024: € -22,154,395 ▼ € 2.6 million vs 2023 (€ -19,597,792) Unfavourable step	€ -24,895,535 Equity 2025: € -24,895,535 ▼ € 2.7 million vs 2024 (€ -22,154,395) Unfavourable step	▼ € 2.7 million
Total debts	€ 34,931,527 Total debts 2022: € 34,931,527 First fiscal year in the series	€ 36,828,577 Total debts 2023: € 36,828,577 ▲ 5% vs 2022 (€ 34,931,527) Unfavourable step	€ 38,689,601 Total debts 2024: € 38,689,601 ▲ 5% vs 2023 (€ 36,828,577) Unfavourable step	€ 41,455,753 Total debts 2025: € 41,455,753 ▲ 7% vs 2024 (€ 38,689,601) Unfavourable step	▲ 7%
Cash	€ 450,554 Cash 2022: € 450,554 First fiscal year in the series	€ 425,129 Cash 2023: € 425,129 ▼ 6% vs 2022 (€ 450,554) Unfavourable step	€ 316,371 Cash 2024: € 316,371 ▼ 26% vs 2023 (€ 425,129) Unfavourable step	€ 884,748 Cash 2025: € 884,748 ▲ 180% vs 2024 (€ 316,371) Favourable step	▲ 180%
Land & buildings	€ 17,208,782 Land & buildings 2022: € 17,208,782 First fiscal year in the series	€ 16,680,020 Land & buildings 2023: € 16,680,020 ▼ 3% vs 2022 (€ 17,208,782) Unchanged	€ 16,151,257 Land & buildings 2024: € 16,151,257 ▼ 3% vs 2023 (€ 16,680,020) Unchanged	€ 15,622,495 Land & buildings 2025: € 15,622,495 ▼ 3% vs 2024 (€ 16,151,257) Unchanged	▼ 3%
Retained profit	€ -17,277,769 Retained profit 2022: € -17,277,769 First fiscal year in the series	€ -19,660,292 Retained profit 2023: € -19,660,292 ▼ € 2.4 million vs 2022 (€ -17,277,769) Unfavourable step	€ -22,216,895 Retained profit 2024: € -22,216,895 ▼ € 2.6 million vs 2023 (€ -19,660,292) Unfavourable step	€ -24,958,035 Retained profit 2025: € -24,958,035 ▼ € 2.7 million vs 2024 (€ -22,216,895) Unfavourable step	▼ € 2.7 million
Bank debt	€ 1,881,250 Bank debt 2022: € 1,881,250 First fiscal year in the series	€ 1,343,750 Bank debt 2023: € 1,343,750 ▼ 29% vs 2022 (€ 1,881,250) Favourable step	€ 806,250 Bank debt 2024: € 806,250 ▼ 40% vs 2023 (€ 1,343,750) Favourable step	€ 268,750 Bank debt 2025: € 268,750 ▼ 67% vs 2024 (€ 806,250) Favourable step	▼ 67%
Balance sheet total	€ 17,716,258 Balance sheet total 2022: € 17,716,258 First fiscal year in the series	€ 17,230,785 Balance sheet total 2023: € 17,230,785 ▼ 3% vs 2022 (€ 17,716,258) Unchanged	€ 16,535,206 Balance sheet total 2024: € 16,535,206 ▼ 4% vs 2023 (€ 17,230,785) Unchanged	€ 16,560,218 Balance sheet total 2025: € 16,560,218 Unchanged (€ 16,535,206) Unchanged

Key figures of IMMOBILIERE DE 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 IMMOBILIERE DE LA SOURCE?

What happened at IMMOBILIERE DE LA SOURCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2032 PROMOBE PARTICIPATIONS SA stepped down as director. NBB
2029 Franck RUIMY stepped down as director. NBB
2029 Flavio BECCA stepped down as director. NBB
2029 Eric LUX stepped down as director. NBB
2029 Romain BONTEMPS stepped down as director. NBB
2029 Adrian BRAIMER JONES stepped down as director. NBB
Sep 30, 2026 New annual accounts for financial year 2025: loss of € 2.7 million. filed late Source: NBB ↗
2026 PROMOBE PARTICIPATIONS SA became a director. NBB

In short

From € 2.2 million loss in 2022 to € 2.7 million loss in 2025.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2025 annual accounts

Franck RUIMY

Director

Also active at: LES BRUYERES IMMOBILIER DEVELOPPEMENT

since 2024 · until 2029

PROMOBE PARTICIPATIONS SA

Director · represented by Daniel GILLARD

since 2026 · until 2032

Flavio BECCA

Director

since 2024 · until 2029

Eric LUX

Director

Also active at: LES BRUYERES IMMOBILIER DEVELOPPEMENT

since 2024 · until 2029

Romain BONTEMPS

Director

Also active at: LES BRUYERES IMMOBILIER DEVELOPPEMENT

since 2024 · until 2029

Adrian BRAIMER JONES

Director

since 2024 · until 2029

Establishments

Establishment units

Physical locations of this company

Registered office

Route du Circuit 22

4970 Stavelot

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

STAR RACING

€ 2.2 million gross margin · 2025

UNITE TVA HOTEL DE LA SOURCE

LES BRUYERES IMMOBILIER DEVELOPPEMENT same network

€ -2,786 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0884.829.743
VAT number: BE 0884.829.743
Registered office: Route du Circuit 22, 4970 Stavelot
Names & denominations: IMMOBILIERE DE LA SOURCE
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 8 November 2006
Peppol: Active · Active since 18 Dec 2025
Activities · NACE: Ontwikkeling van residentiële bouwprojecten

View on CBE Public ↗ Annual accounts (NBB) ↗

IMMOBILIERE DE LA SOURCE

Warning lights

Financials

What happened to IMMOBILIERE DE LA SOURCE?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions