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BLUESTONE CAPITAL

Active
Private limited companyfounded 2020active for 5 yearsVerenigingstraat 42, 1000 Brussel, BelgiumKBO/BCE: BE 0758.723.112
Summary

The computed 12-month bankruptcy probability of BLUESTONE CAPITAL is 4.7% (elevated). The 2024 annual accounts show equity of €29,108 and a net result of -€5,278. Equity has been shrinking by about 68% per year since 2021. If that trend continues, it turns negative around financial year 2025. Its solvency ranks better than 10% of 1,318 sector peers (NACE 42, financial year 2024). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 24-11-2020 Normal situation
Activity
Construction of roads and motorways NACE 42110and 3 others
Establishment unit
2.318.786.879 1000 Brussel, since 24-11-2020
Financial year end
31 December
Peppol
Reachable since 31-03-2026

Board and ownership

Board
  • Murad AmerDirector

Financial position

36 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
4.7%
Annual accounts 2024
Gross margin
€58,311
Turnover
≈ €180,000
estimated
Loss
€5,278
▼ 95.6%
Equity
€29,108
▼ 15.3%
Total assets
€1.1m
▼ 24.8%
  • 2025 accounts not filed, 95 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 27-05-2025)Liquidity: current ratio 0.001 financial year not filed after the legal deadlinelowers riskSize: total assets €1.1mShow the evidence

Checked score

Score 2024
36 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 15% of micro companies in civil engineering (NACE 42)
Financial strength · tick: 2023
Weak
Solvency 28+1
equity 2.6% of total assets
Liquidity 10+7
short-term debt 82.0%
Profitability 31+22
return on assets -0.5%
Bankruptcy probability within 12 months
4.7% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (1,867 companies, NACE 42, micro)
Last 24 months 12-2024: 1.9% 01-2025: 1.9%● unchanged vs 12-2024 02-2025: 1.9%● unchanged vs 01-2025 03-2025: 1.9%● unchanged vs 02-2025 04-2025: 1.8%▼ -0.1 percentage points vs 03-2025lowest value 05-2025: 2.0%▲ +0.2 percentage points vs 04-2025 06-2025: 2.2%▲ +0.2 percentage points vs 05-2025 07-2025: 2.2%● unchanged vs 06-2025 08-2025: 2.2%● unchanged vs 07-2025 09-2025: 2.2%● unchanged vs 08-2025 10-2025: 2.2%● unchanged vs 09-2025 11-2025: 2.2%● unchanged vs 10-2025 12-2025: 2.2%● unchanged vs 11-2025 01-2026: 2.2%● unchanged vs 12-2025 02-2026: 2.2%● unchanged vs 01-2026 03-2026: 2.1%▼ -0.1 percentage points vs 02-2026 04-2026: 2.1%● unchanged vs 03-2026 05-2026: 2.1%● unchanged vs 04-2026 06-2026: 2.1%● unchanged vs 05-2026 07-2026: 2.0%▼ -0.1 percentage points vs 06-2026 08-2026: 2.8%▲ +0.8 percentage points vs 07-2026 09-2026: 3.0%▲ +0.2 percentage points vs 08-2026 10-2026: 4.7%▲ +1.7 percentage points vs 09-2026highest value 11-2026: 4.7%● unchanged vs 10-2026highest value
Credit of up to €1,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is insufficient, with a current ratio of 0.0 (0.0 in 2023), below 1. Short-term debt is 82% of total assets. 97.4% of the assets are financed with debt and provisions.
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 42, micro). It does better than 11% of them on solvency, 7% on liquidity, 18% on profitability and 23% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Eight signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed on 27-05-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.00
NBB · annual accounts
lowers risk · Size: total assets €1.1m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline
NBB · filings
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
21222324
2021 to 2024 · latest year -€5,278
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1318 sector peers (2024).
NBB · sector comparison
Position among 1318 sector peers
Solvency
better than 10%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 95 days later.
NBB · 4 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline03-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-05-2025, 65 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
not filed
2024
65 days early
2023
23 days early
2022
29 days late
2021
28 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 4 accounts on average 8 days before the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 4 loss-making years in a rowloss in financial year 2024 -€5,278 View
  • Positive: Result rose in 2024from -€120,869 to -€5,278 ▲ 95.6% View
  • Caution: Lower solvency than 90% of companies in civil engineeringsector median 45.9% · 1,318 companies 2.6% View

Recent changes

  1. · Gazette deed Incorporation
All 6 events

Comparable companies

These companies have the same main activity as BLUESTONE CAPITAL: construction of roads and motorways (NACE 42110). They are comparable in size and age: total assets between €494,000 and €960,000, founded between 2018 and 2023.

CompanyTotal assetsGross margin
BLUESTONE CAPITAL Brussel€1.1m€0.06m
BBC Estaimpuis€1.0m€0.06m
Ets HENROTTE Yannick Herstal€0.7m€0.08m
K.A. AANNEMINGEN Zoersel€0.8m€0.07m
JDW+ Mol€0.6m€0.09m
MODUM Herzele€0.5m€0.06m
Larmit Infra Baarle-Hertog€0.9m€0.1m
Full comparison

Key facts about BLUESTONE CAPITAL

What is the company number of BLUESTONE CAPITAL?
The company number of BLUESTONE CAPITAL is 0758.723.112. The VAT number is the same number with BE in front: BE 0758.723.112.
Where is BLUESTONE CAPITAL based?
The registered office is at Verenigingstraat 42, 1000 Brussel.Company details
What does BLUESTONE CAPITAL do?
According to the KBO register, the main activity is construction of roads and motorways (NACE 42110).
What is the legal form of BLUESTONE CAPITAL?
The legal form of BLUESTONE CAPITAL is Private limited company (BV).
When was BLUESTONE CAPITAL founded?
BLUESTONE CAPITAL was founded on 24-11-2020.
Is BLUESTONE CAPITAL still active?
Yes, BLUESTONE CAPITAL is an active enterprise in the KBO register.
What is the turnover of BLUESTONE CAPITAL?
The turnover in financial year 2024 is ≈ €180,000. This figure is estimated from the gross margin of €58,311 and 2,666 comparable companies of the same size. It probably lies between €120,000 and €300,000. It is a rough estimate.Financials
Is BLUESTONE CAPITAL profitable?
In financial year 2024, BLUESTONE CAPITAL made a loss of €5,278.
Where can I find the annual accounts of BLUESTONE CAPITAL?
BLUESTONE CAPITAL filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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