Equity
€340,992 ▲ 55.6%
BLUESTONE SERVICE has made a profit without a break since 2017.
BLUESTONE SERVICE
Lifetime
14 annual accounts with figures on one time axispeak €573,629 (2020)
€202,098▼ 36.3%
lowest -€11,381 (2012)
€121,900▼ 57.2%
peak €340,992 (2025)
€340,992▲ 55.6%
€351,042▼ 61.9%
peak 1.5 FTE (2021)
1 FTEunchanged
Board4 names since 2021
2 directorsUNIVERSTONE and 1 other
Owners2 names in the annual accounts
51%UNIVERSTONE and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €317,238 to €202,098Result from €285,107 to €121,900Equity from €219,092 to €340,992Debts from €921,868 to €351,042Cash from €16,086 to €9,167
Key points
from the 2025 annual accountsResult
€121,900 ▼ 57.2%
The result fell in 2025: different schema filed.
Staff
1 employees on 31-12-2025
In 2025, 3 people joined and 3 left.
Liquidity
1.97 was 1.24 in 2024
Short-term debts fell from €921,868 to €351,042.
Filings
14 annual accounts since 2012
Nine of the last ten came late. The 2024 accounts came latest: 61 days after the end of the period.
At the same address
16 companies
Checked score
68
Healthy
Financially stronger than 56% of micro companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%lowest value
01-2025: 0.4%● unchanged vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025lowest value
03-2025: 0.4%● unchanged vs 02-2025lowest value
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025
07-2025: 0.7%▲ +0.2 percentage points vs 06-2025
08-2025: 1.0%▲ +0.3 percentage points vs 07-2025
09-2025: 1.2%▲ +0.2 percentage points vs 08-2025
10-2025: 1.8%▲ +0.6 percentage points vs 09-2025
11-2025: 1.2%▼ -0.6 percentage points vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.3%▲ +0.1 percentage points vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.3%● unchanged vs 04-2026
06-2026: 1.3%● unchanged vs 05-2026
07-2026: 1.5%▲ +0.2 percentage points vs 06-2026
08-2026: 2.1%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 0.9%▼ -1.2 percentage points vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Sector: Construction of residential and non-residential buildings (NACE 41)
Liquidity: current ratio 1.97, cash €9,167
lowers risk
Founded in 2012
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 58% of them on solvency, 22% on liquidity, 63% on profitability and 81% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as BLUESTONE SERVICE has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of BLUESTONE SERVICE itself is higher: 0.9% within 12 months. It rests on far more data about BLUESTONE SERVICE than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for BLUESTONE SERVICE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €23,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.97 (1.24 in 2024), above the usual 1.5. Short-term debt is 50.7% and cash 1.3% of total assets. However, 50.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
61 days late
2023
30 days late
2022
7 days late
2021
23 days late
2020
45 days early
2019
40 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 21 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- UNIVERSTONE 51%score 95equity €23.7m (2025) · 2025 annual accounts of UNIVERSTONE
- VLABO 49%score 90equity €1.3m (2025) · 2025 annual accounts of VLABO
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0842668395
2 directors appointed, 2 resignations
Resignations: VAN BUTSELE Paul Jules (statutory director) and KHODARA Arnaud · Appointments: UNIVERSTONE (director) and VLABO (director) · Permanent representatives: KHODARA Arnaud and VAN BUTSELE Paul Jules · General meeting of 18-04-2024 · Gazette deed
Appointment: Paul Jules VAN BUTSELE (statutory manager)
General meeting of 23-12-2020 · Gazette deed
Incorporation
published on 23-01-2012 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BLUESTONE SERVICE Anderlecht | €692,034 | €202,098 | 49.3% | 1 |
| GENOVE Schaerbeek | €748,430 | €168,923 | 64.4% | 1 |
| 6ème Sens Entreprise Générale Braine-l'Alleud | €774,672 | €214,115 | 37.3% | 1 |
| BOBER Anderlecht | €661,876 | €165,814 | 45.3% | 1 |
| DA COSTA BARROS Anderlecht | €982,997 | €163,532 | 48.5% | 0.8 |
| GPC CONSTRUCT Brussels | €443,850 | €222,265 | 79.9% | 1 |
| Algemene Bouwwerken Bockstaele Jonas Lievegem | €848,659 | €237,274 | 69.3% | 1 |
These companies have the same main activity as BLUESTONE SERVICE: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €444,000 and €983,000, founded between 2008 and 2015.
Official details
Source: KBO- Status
- Active since 12-01-2012Normal situation
- Registered office
- 18 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 8 November 2026.
- Activity
- General construction of residential buildingsNACE 41001and 2 others
- Joint committee
- 323Building management, estate agents and domestic staff · annual accounts 2022
- Establishment unit
- 2.207.069.1101070 Anderlecht, since 12-01-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €710,000estimated
- €692,034▼ 39.3%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 31-08-2026
Insights on BLUESTONE SERVICE
BLUESTONE SERVICE files the abbreviated format. That format states no turnover. The gross margin rose from -€3,713 in 2012 to €202,098 in 2025.
UNIVERSTONE holds 51% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BLUESTONE SERVICE
- What is the company number of BLUESTONE SERVICE?
- The company number of BLUESTONE SERVICE is 0842.668.395. The VAT number is the same number with BE in front: BE 0842.668.395.
- Where is BLUESTONE SERVICE based?
- The registered office is at Gespstraat 68, 1070 Anderlecht.Company details
- What does BLUESTONE SERVICE do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of BLUESTONE SERVICE?
- BLUESTONE SERVICE is a private limited company (BV).
- When was BLUESTONE SERVICE founded?
- BLUESTONE SERVICE was founded on 12-01-2012.
- Is BLUESTONE SERVICE still active?
- Yes, BLUESTONE SERVICE is an active enterprise in the KBO register.
- How many employees does BLUESTONE SERVICE have?
- BLUESTONE SERVICE had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BLUESTONE SERVICE fall under?
- In its 2022 annual accounts, BLUESTONE SERVICE states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of BLUESTONE SERVICE?
- The turnover in financial year 2025 is ≈ €710,000. This figure is estimated from the gross margin of €202,098 and 126 comparable companies (NACE 41001). It probably lies between €490,000 and €1.1m.
- Is BLUESTONE SERVICE profitable?
- In financial year 2025, BLUESTONE SERVICE made a profit of €121,900.
- Where can I find the annual accounts of BLUESTONE SERVICE?
- BLUESTONE SERVICE filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BLUESTONE SERVICE due?
- BLUESTONE SERVICE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See the other companies in the same group.UNIVERSTONE · 12 companies
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