Result
€234,186 €234,186
Back in profit in 2025, after a loss of €1.1m in 2024.
PHILSTONE
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €2.3m (2022)
€709,894▲ €1.1m
lowest -€1.1m (2024)
€234,186▲ €1.4m
peak €4.4m (2022)
€3.1m▲ 8.2%
€9.2m▲ 2.9%
peak 1.5 FTE (2019)
0.8 FTEunchanged
Board9 names since 2002
4 directors and 3 others
Owners
100%
Documentsfilings and deeds
17-07-202614 days before the deadline
2025abbreviated format
Gross margin from -€437,171 to €709,894Back to profit: €234,186Registered office moved within Ghent 10-03Cash from €20,485 to €30,697
Key points
from the 2025 annual accountsTurnover
≈ €1.7m estimated
The abbreviated format states no turnover.
Debts
€9.2m 71% of the balance sheet
Financial debts 82%Suppliers 3%Taxes and wages 0%Other 14%
Of this, €7.4m falls due within a year.
Investments
€1.3m 6.2 × depreciation
Green is investment, beige is depreciation.
At the same address
14 companies
Position in the sector
€234,186
Higher net result than 85% of companies in real estate. Sector median €12,777 · 12,429 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,985 companies had the same profile as PHILSTONE has now. Each dot stands for 10 companies, two years later.
96.5%
were still trading
2.3%
stopped another way
1.1%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 3,985 companies, not a prediction for PHILSTONE. 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
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Signals
Board and ownership
Managing director
Managing director
Director,
Director
- 100%score equity €6.4m (2025) · 30-06-2025 annual accounts of
Recent changes
Appointments: (managing director) and (managing director)
Board meeting of 18-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0441056822
Registered office moved within Ghent
New registered office: Tentoonstellingslaan 123, 9000 Gent · Previous registered office: Kortrijksesteenweg 267, 9000 Gent · Appointment: (managing director) · General meeting of 15-01-2025 · Gazette deed
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Bornem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PHILSTONE Ghent | €12.9m | €0.7m | 24.0% | 0.8 |
| DEMALO Destelbergen | €11.8m | €0.7m | 45.6% | 1 |
| BLOOMSBURY Waasmunster | €11.8m | €0.4m | 17.9% | 1 |
| JONIMMO Houffalize | €11.3m | €0.5m | 31.3% | 0.5 |
| ARTIMMO Antwerp | €10.2m | €0.5m | 26.1% | 1 |
| TRADING CORPORATION Sint-Pieters-Leeuw | €12.9m | €1.1m | 59.9% | 0.5 |
| MARISA INVEST Meise | €7.7m | €0.9m | 51.1% | 1 |
These companies have the same main activity as PHILSTONE: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €7.7m and €13m, founded between 1985 and 1992.
Official details
Source: KBO- Status
- Active since 28-05-1990Normal situation
- Registered office
- 15 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Real estate agency activitiesNACE 68310
- Establishment units
- 2.050.222.9798200 Bruges, since 26-09-1990
- 2.050.223.0789000 Ghent, since 25-06-1996
- Financial year end
- 31 December
- Peppol
- Reachable since 18-06-2025
Annual accounts 2025
- €12.9m▲ 3.1%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 17-07-2026, 14 days before the end of the filing period
Companies linked to PHILSTONE
Parent and group
Insights on PHILSTONE
PHILSTONE files the abbreviated format. That format states no turnover. The gross margin rose from €220,979 in 2006 to €709,894 in 2025.
The balance sheet grew most from 2017 to 2019 through fixed assets.
holds all the shares. In March 2025, the Official Gazette published the appointment of as managing director.
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 PHILSTONE
- What is the company number of PHILSTONE?
- The company number of PHILSTONE is 0441.056.822. The VAT number is the same number with BE in front: BE 0441.056.822.
- Where is PHILSTONE based?
- The registered office is at Tentoonstellingslaan 123, 9000 Ghent.Company details
- What does PHILSTONE do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of PHILSTONE?
- PHILSTONE is a public limited company (NV).
- When was PHILSTONE founded?
- PHILSTONE was founded on 28-05-1990.
- Is PHILSTONE still active?
- Yes, PHILSTONE is an active enterprise in the KBO register.
- How many employees does PHILSTONE have?
- PHILSTONE had an average of 0.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of PHILSTONE?
- The turnover in financial year 2025 is ≈ €1.7m. This figure is estimated from the gross margin of €709,894 and 30 comparable companies (NACE 683). It probably lies between €1.2m and €2.2m.
- Is PHILSTONE profitable?
- In financial year 2025, PHILSTONE made a profit of €234,186.
- Where can I find the annual accounts of PHILSTONE?
- PHILSTONE filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PHILSTONE due?
- PHILSTONE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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