Fullerstone Development
Annual accounts 2025
abbreviated format, filed on 17-07-2026, 14 days before the deadline€378,863
▲ €1.3m
€368,124
▲ €1.3m
€377,954
▲ €1.3m
€208,307
▲ €1.3m
9.3%
▲ 4.0 percentage points
1.26
▼ 1.17
Money flows
no detail for 2025Balance sheet
balance sheet total €8.1m on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
9.3%
Higher than 28% of 11,299 companies in 2025.
1.26
Higher than 54% of 10,851 companies in 2025.
2.5%
Higher than 62% of 11,184 companies in 2025.
Fullerstone Development
Middle half of the sector
80% of the sector
Abbreviated accounts in real estate (NACE 68)
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
8.1m | 10.4m | 8.0m | 4.4m | 4.0m | 1.1m | 1.7m | 239,975 | |
21/28 |
47,507 | 31,339 | 38,297 | 46,947 | 54,428 | 115,281 | 119,469 | 127,380 | |
21 |
24,194 | - | - | - | - | - | - | - | |
22/27 |
23,314 | 31,339 | 38,297 | 46,947 | 54,428 | 115,281 | 119,469 | 127,380 | |
22 |
- | - | - | - | - | 110,480 | 117,372 | 124,264 | |
23 |
1,095 | 1,844 | 623 | 1,095 | - | - | 112 | 337 | |
24 |
1,701 | 4,497 | 8,196 | 11,894 | 15,990 | 4,801 | 1,985 | 2,779 | |
26 |
20,518 | 24,998 | 29,478 | 33,958 | 38,438 | - | - | - | |
29/58 |
8.0m | 10.3m | 7.9m | 4.4m | 4.0m | 1.0m | 1.6m | 112,595 | |
3 |
7.9m | 9.9m | 7.2m | 3.6m | 3.4m | 558,789 | 1.5m | 65,572 | |
30/36 |
7.9m | 9.9m | 7.2m | 3.6m | 3.4m | 558,789 | 1.5m | 65,572 | |
40/41 |
66,199 | 433,320 | 704,771 | 490,599 | 466,631 | 210,497 | 80,851 | 41,847 | |
40 |
39,731 | 387,809 | 588,128 | 253,034 | 260,073 | 196,410 | - | 6,412 | |
41 |
26,468 | 45,511 | 116,644 | 237,565 | 206,558 | 14,087 | 80,851 | 35,435 | |
54/58 |
70,628 | 13,310 | 17,412 | 256,396 | 95,444 | 261,230 | 6,864 | 5,176 | |
490/1 |
- | - | - | - | 1,416 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
8.1m | 10.4m | 8.0m | 4.4m | 4.0m | 1.1m | 1.7m | 239,975 | |
10/15 |
754,799 | 556,322 | -370,863 | -75,587 | -121,489 | -130,105 | -171,726 | -130,256 | |
10/11 |
2.0m | 2.0m | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | |
14 |
-1.3m | -1.4m | -377,063 | -81,787 | -127,689 | -136,305 | -177,926 | -136,456 | |
17/49 |
7.3m | 9.8m | 8.3m | 4.5m | 4.2m | 1.3m | 1.9m | 370,231 | |
17 |
20,253 | 1.4m | 1.4m | 1.2m | 133,003 | 89,136 | 865,166 | 104,880 | |
170/4 |
20,253 | 1.4m | 1.4m | 1.2m | 133,003 | 89,136 | 865,166 | 104,880 | |
42/48 |
6.3m | 4.2m | 4.4m | 3.2m | 1.8m | 1.2m | 985,469 | 265,351 | |
42 |
880,093 | 7,484 | 1.1m | 644,252 | 657,709 | 659,195 | 611,966 | 186,437 | |
43 |
- | - | - | - | - | - | 77,282 | - | |
430/8 |
- | - | - | - | - | - | 77,282 | - | |
44 |
1.5m | 961,809 | 721,224 | 262,662 | 150,129 | 16,502 | 26,894 | 4,071 | |
440/4 |
1.5m | 961,809 | 721,224 | 262,662 | 150,129 | 16,502 | 26,894 | 4,071 | |
45 |
123,767 | - | - | - | 4,200 | - | - | - | |
450/3 |
123,767 | - | - | - | 4,200 | - | - | - | |
47/48 |
3.8m | 3.3m | 2.6m | 2.3m | 962,623 | 511,068 | 269,327 | 74,844 | |
492/3 |
952,943 | 4.2m | 2.5m | 945 | 2.2m | - | - | - | |
| Income statement | |||||||||
70 |
- | - | 4.1m | - | - | - | - | - | |
76A |
2,467 | 99 | - | - | 101,520 | - | - | - | |
9900 |
378,863 | -931,529 | -119,369 | 217,786 | 175,502 | 118,731 | -19,383 | -102,923 | |
60/61 |
- | - | 4.2m | - | - | - | - | - | |
630 |
9,830 | 8,752 | 8,650 | 8,896 | 4,674 | 8,701 | 7,911 | 20,366 | |
640/8 |
909 | 2,004 | 109 | 459 | 24,683 | 1,067 | 622 | 714 | |
9901 |
368,124 | -942,284 | -128,128 | 208,431 | 146,145 | 108,962 | -27,915 | -124,003 | |
75/76B |
697 | 708 | - | - | 206 | - | - | - | |
75 |
697 | 708 | - | - | 206 | - | - | - | |
65/66B |
170,344 | 131,240 | 167,148 | 162,529 | 137,735 | 67,341 | 13,555 | 12,453 | |
65 |
170,344 | 131,240 | 167,148 | 162,529 | 137,735 | 67,341 | 13,555 | 12,453 | |
9903 |
198,477 | -1.1m | -295,276 | 45,902 | 8,617 | 41,621 | -41,470 | -136,456 | |
9904 |
198,477 | -1.1m | -295,276 | 45,902 | 8,617 | 41,621 | -41,470 | -136,456 | |
9905 |
198,477 | -1.1m | -295,276 | 45,902 | 8,617 | 41,621 | -41,470 | -136,456 | |
| Appropriation of the result | |||||||||
9906 |
-1.3m | -1.4m | -377,063 | -81,787 | -127,689 | -136,305 | -177,926 | -136,456 | |
14P |
-1.4m | -377,063 | -81,787 | -127,689 | -136,305 | - | - | - | |
| Social balance sheet | |||||||||
9087 |
0 | 0 | - | - | - | - | - | - | |
| Document | |||||||||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 17-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-07-2026 | 2026-00306298 | |
| 31-12-2024 | abbreviated format | 22-08-2025 | 2025-00400335 | |
| 30-09-2023 | abbreviated format | 02-04-2024 | 2024-00056236 | |
| 30-09-2022 | abbreviated format | 22-03-2023 | 2023-00046259 | |
| 30-09-2021 | abbreviated format | 21-04-2022 | 2022-20006742 | |
| 30-09-2020 | micro format | 29-03-2021 | 2021-08800182 | |
| 30-09-2019 | micro format | 30-04-2020 | 2020-10800130 | |
| 30-09-2018 | micro format | 30-04-2019 | 2019-11600095 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 377,954 | -933,532 | -119,478 | 217,327 | 150,819 | 117,663 | -20,004 | -103,636 | ||
| 208,307 | -1.1m | -286,625 | 54,798 | 13,291 | 50,322 | -33,559 | -116,090 | ||
| 25,998 | 1,794 | 0 | 1,415 | 54,302 | 4,512 | 0 | 147,747 | ||
| 57,318 | -4,102 | -238,984 | 160,951 | -165,785 | 254,366 | 1,688 | - | ||
| 1.7m | 6.1m | 3.5m | 1.1m | 2.2m | -156,250 | 573,970 | -152,757 | ||
| - | - | -3.2% | - | - | - | - | - | ||
| 9.3% | 5.4% | -4.6% | -1.7% | -3.0% | -11.4% | -10.2% | -54.3% | ||
| 1.26 | 2.44 | 1.79 | 1.34 | 2.24 | 0.87 | 1.58 | 0.42 | ||
| 0.02 | 0.11 | 0.16 | 0.23 | 0.32 | 0.40 | 0.09 | 0.18 | ||
| 9.70 | 17.63 | - | - | - | - | - | - | ||
| 26.3% | -192.8% | - | - | - | - | - | - | ||
| 2.5% | -10.4% | -3.7% | 1.0% | 0.2% | 3.6% | -2.5% | -56.9% | ||
| 2.22 | -7.11 | -0.71 | 1.34 | 1.09 | - | - | - | ||
| - | - | 53 days | - | - | - | - | - | ||
| - | - | 63 days | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,794 | - | €1,415 | €54,302 |
| Intangible fixed assets | €25,998 | - | - | - | - |
| €9,830 | €8,752 | €8,650 | €8,896 | €4,674 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Fullerstone Development
The operating result for 2025 is a profit of €368,124, after a loss of €942,284 in 2024. It is the highest result since 2018.
Debt's share of the balance-sheet total falls from 94.6% to 90.7%. Equity is higher and debt is lower.
Large changes and their cause
- 2024 Net result -263% on 2023. This financial year ran 15 months, the previous one 12.