First Stone Property
ActiveSummary
First Stone Property has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41,823 and a net result of €36,823. Its solvency ranks better than 23% of 14462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes
Profitability64
Solvency27
Growth-
Track record67
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.05; short-term debt: 77.8% and cash: 1.4% of total assets), and 98% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2%
Return on assets
1.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 14462 sector peers (2025).
NBB · sector comparisonPosition among 14462 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
24 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
In the rankings
#9 company by total assets in Zemst, Real estate sector
Equity
€41,823
Total assets
€2.1m
Net result
€36,823
Working capital
-€1.5m
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €2.1m
Fixed assets
€2.0m
Current assets
€78,456
Equity and liabilities €2.1m
Equity
€41,823
Debt
€2.0m
Debt finances 98.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€83,694
Cash flow
€64,952
Current ratio
0.05
Debt to equity
48.42
ROE
88.0%
ROA
1.8%
Interest coverage
5.19
Debt ≤ 1 year
€1.6m
Debt > 1 year
€416,551
Income taxes
€2,608
Annual accounts
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,129 |
| Other operating charges640/8 | €2,162 |
| Gross operating margin9900 | €85,856 |
| Operating profit (loss)9901 | €55,565 |
| Financial charges65/66B | €16,134 |
| Recurring financial charges65 | €16,134 |
| Profit (loss) for the period before taxes9903 | €39,431 |
| Income taxes67/77 | €2,608 |
| Profit (loss) for the period9904 | €36,823 |
| Profit (loss) for the period to be appropriated9905 | €36,823 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €2.1m | |
| Fixed assets21/28 | €2.0m | |
| Tangible fixed assets22/27 | €488,371 | |
| Land and buildings22 | €488,371 | |
| Financial fixed assets28 | €1.5m | |
| Current assets29/58 | €78,456 | |
| Amounts receivable within one year40/41 | €46,370 | |
| Trade receivables40 | €46,370 | |
| Cash at bank and in hand54/58 | €29,086 | |
| Deferred charges and accrued income490/1 | €3,000 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €2.1m | |
| Equity10/15 | €41,823 | |
| Contributions10/11 | €5,000 | |
| Profit (loss) carried forward14 | €36,823 | |
| Amounts payable17/49 | €2.0m | |
| Amounts payable after more than one year17 | €416,551 | |
| Financial debts170/4 | €416,551 | |
| Amounts payable within one year42/48 | €1.6m | |
| Current portion of amounts payable after more than one year42 | €16,985 | |
| Taxes, remuneration and social security45 | €16,468 | |
| Taxes450/3 | €16,468 | |
| Other amounts payable47/48 | €1.6m | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €36,823 |
| + Depreciation and write-downs630 | €28,129 |
| Operating cash flow (approximation) | €64,952 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Zemst · 1 establishment unit since 2024
Ground area
1,395 m²
Building footprint
237 m²
Parcel 23018E0149/00A007, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
First Stone Property
since 20242.363.096.677
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23018E0149/00A007 | Flanders | 1,395 m² | 1 · 237 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,040 companies in this sector we hold annual accounts for 6,007. 2,897 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded29-08-2024
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:1012945066
Also
9925:BE1012945066
Registered
22-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.