BLUESTONE CAPITAL

Active

Private limited companyfounded 20205 yrs activeVerenigingstraat 42, 1000 Brussel, BelgiumKBO/BCE: BE 0758.723.112

The computed 12-month bankruptcy probability of BLUESTONE CAPITAL is 3.6% (moderate). The 2024 annual accounts show equity of €29k and a net result of €-5k. Equity is shrinking by ~68.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 10% of 1329 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

30 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability31▲+22

Solvency28▲+1

Growth58▲+26

Track record94

Bankruptcy probability, 12 months

3.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity short (current ratio 0.0 against 0.0 in 2023; short-term debt: 82% of total assets), and 97.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

2.6%

Return on assets

-0.5%

Age of the figures

20 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 42

Relative position

BE, all sectors

reference

Sector 42

higher

← fewer bankruptcies more bankruptcies →

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 €-5k

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1329 sector peers (2024).

NBB · sector comparison

Position among 1329 sector peers

Solvency

better than 10%

← weakest strongest →

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 confirmed

2024

65 d early

2023

23 d early

2022

29 d late

2021

28 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€29k▼ 15.3%

2023 · €34k

2021: €221k 2022: €155k 2023: €34k

2021 → 2024

Total assets

€1.14M▼ 24.8%

2023 · €1.51M

2021: €1.33M 2022: €1.61M 2023: €1.51M

2021 → 2024

Net result

€-5k▲ 95.6%

2023 · €-121k

2021: €-29k 2022: €-66k 2023: €-121k

2021 → 2024

Working capital

€-932k▲ 28.4%

2023 · €-1.30M

2021: €-176k 2022: €-1.22M 2023: €-1.30M

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€221k-€155k▼ 29.7%€34k▼ 77.9%€29k▼ 15.3%

Operating result€-16k-€-36k▼ 124%€-48k▼ 33.8%€32k

Net result€-29k-€-66k▼ 125%€-121k▼ 84.3%€-5k▲ 95.6%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €32k after a loss of €48k in 2023, the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.14M

99.9%

Fixed assets €1.14M▼ 24.8%

Current assets €1k▼ 15.1%

Equity and liabilities €1.14M

97.4%

Equity €29k▼ 15.3%

Debt €1.11M▼ 25.1%

The debt ratio falls from 97.7% to 97.4%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€58k▲

2023 · €-12k

Cash flow

€21k▲

2023 · €-85k

Solvency

2.6%▲

2023 · 2.3%

Current ratio

0.00▲

2023 · 0.00

Quick ratio

0.00▲

2023 · 0.00

Debt / equity

38.06▼

2023 · 42.99

ROE

-18.1%▲

2023 · -351.5%

ROA

-0.5%▲

2023 · -8.0%

Interest coverage

1.56▲

2023 · -0.16

Debt

€1.11M▼

2023 · €1.48M

Debt ≤ 1 year

€933k▼

2023 · €1.30M

Debt > 1 year

€175k=

2023 · €175k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.51M€1.14M▼

Fixed assets21/28€1.51M€1.14M▼

Tangible fixed assets22/27€1.51M€1.14M▼

Land and buildings22€1.51M€1.14M▼

Current assets29/58€1k€1k▼

Amounts receivable within one year40/41€33€197▲

Other amounts receivable41€33€197▲

Cash at bank and in hand54/58€1k-

Deferred charges and accrued income490/1-€1k

Equity and liabilities

Total equity and liabilities10/49€1.51M€1.14M▼

Equity10/15€34k€29k▼

Contributions10/11€250k€250k=

Profit (loss) carried forward14€-216k€-221k▼

Amounts payable17/49€1.48M€1.11M▼

Amounts payable after more than one year17€175k€175k=

Financial debts170/4€175k€175k=

Amounts payable within one year42/48€1.30M€933k▼

Financial debts43€1.14M€689k▼

Credit institutions430/8€1.14M€689k▼

Other loans439-€562

Trade debts44€15k€31k▲

Suppliers440/4€15k€31k▲

Taxes, remuneration and social security45€11€11=

Taxes450/3€11€11=

Other amounts payable47/48€148k€212k▲

Income statement Code20232024

Non-recurring operating income76A-€77k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€26k▼

Other operating charges640/8€2k-

Gross operating margin9900€-10k€58k▲

Operating profit (loss)9901€-48k€32k▲

Financial charges65/66B€73k€37k▼

Recurring financial charges65€73k€37k▼

Profit (loss) for the period before taxes9903€-121k€-5k▲

Profit (loss) for the period9904€-121k€-5k▲

Profit (loss) for the period to be appropriated9905€-121k€-5k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-216k€-221k▼

Profit (loss) brought forward from the previous period14P€-95k€-216k▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

2025

27-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

08-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-121k

Net result drops to €-121k, the lowest in the series; recovery starts the following year.

29-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 29 days late

2022

28-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 28 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Verenigingstraat 421000 Brussel

Ground area

528 m²

Building footprint

258 m²

Volume, LiDAR

5,129 m³

Parcel 21803C0567/00A002, Brussels · tallest building 25.5 m, ±7 floors. Linked by address, not a title deed.

1 establishment unit

Verenigingstraat 42, 1000 Brussel

Construction of residential and non-residential buildings

since 20202.318.786.879

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21803C0567/00A002	Brussels	528 m²	1 · 258 m²	25.5 m · 7 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

P. Groenen Bestratingen

Of 2,329 companies in sector 42110 we hold annual accounts for 1,097. 579 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded24-11-2020

Fiscal year end31-12

Activities, NACEBEL

42110Construction of roads and motorways

49410Freight transport by road

62030Computer programming, consultancy and related activities

62200Computer consultancy and computer facilities management

68310Real estate agency activities

68311Real estate activities

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries

E-mail:amer@eurobrix.be

Enterprise

Phone:0478723112

Enterprise