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STONE

Active
Public limited companyfounded 1998active for 27 yearsGrote Steenweg 13, 9870 Zulte, BelgiumKBO/BCE: BE 0464.847.853
Summary

STONE has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85,579 and a net result of -€2.1m. Equity is shrinking by about 13% per year across the filed financial years. Its solvency ranks better than 5% of 363 sector peers (NACE 23, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Financials · financial year 2025, full format

2025 annual accounts filed late (5 days) Filed on 5 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00034752.

Turnover
€23.4m▲ 37.4%
2023 · €17.1m
EBIT margin
-7.1%▼ 8.7pp
2023 · 1.6%
Net result
-€2.1m
2023 · €8,503
Working capital
-€1.9m▼ 1,131%
2023 · -€152,581
Trend over the years

2020 to 2025, 5 financial years 2018 to 2025, 7 financial years

The operating result is -€1.7m in 2025, compared with €279,221 in 2023. Comparable figures for the intervening years are unavailable.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€23.4m 2025 Operating result-€1.7m 2025 Net result-€2.1m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 23, Manufacture of other non-metallic mineral products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232025
Turnover€13.3m-€18.6m▲ 40.4%€18.3m▼ 2.0%€20.3m▲ 11.1%€20.1m▼ 0.7%€17.1m▼ 15.3%€23.4m-
Operating result€0.09m--€0.08m€0.05m€0.2m▲ 347%-€0.3m€0.3m-€1.7m-
Net result-€0.1m--€0.3m▼ 184%-€0.1mbelow the sector's middle half▲ 50.5%€0.08mwithin the sector's middle half-€0.5mbelow the sector's middle half€0.009mwithin the sector's middle half-€2.1mbelow the sector's middle half-
EBIT margin0.7%--0.4%▼ 1.1pp0.3%▲ 0.7pp1.1%▲ 0.8pp-1.5%▼ 2.6pp1.6%▲ 3.2pp-7.1%-
Equity€1.9m-€1.6m▼ 15.0%€1.5mwithin the sector's middle half▼ 8.7%€1.6mwithin the sector's middle half▲ 5.4%€1.1mwithin the sector's middle half▼ 30.5%€1.1mwithin the sector's middle half▲ 0.8%€0.09mbelow the sector's middle half-
Total assets€10.2m-€9.9m▼ 2.9%€9.7mwithin the sector's middle half▼ 2.6%€10.7mwithin the sector's middle half▲ 10.4%€10.0mwithin the sector's middle half▼ 6.4%€9.3mwithin the sector's middle half▼ 6.7%€8.8mwithin the sector's middle half-
Debt€8.3m-€8.3m▲ 0.1%€8.2m▼ 1.4%€9.1m▲ 11.2%€8.9m▼ 2.3%€8.2m▼ 7.6%€8.7m-
Working capital€0.5m--€0.06m-€0.2mbelow the sector's middle half▼ 213%€0.05mbelow the sector's middle half-€0.4mbelow the sector's middle half-€0.2mbelow the sector's middle half▲ 61.1%-€1.9mbelow the sector's middle half-
Solvency18.7%-16.3%▼ 2.3pp15.3%below the sector's middle half▼ 1.0pp14.6%below the sector's middle half▼ 0.7pp10.9%below the sector's middle half▼ 3.8pp11.7%below the sector's middle half▲ 0.9pp1.0%below the sector's middle half-
Current ratio1.06-0.99▼ 0.070.98below the sector's middle half▼ 0.021.00below the sector's middle half▲ 0.030.96below the sector's middle half▼ 0.050.98below the sector's middle half▲ 0.030.77below the sector's middle half-
Return on assets (ROA)-1.0%--2.9%▼ 1.9pp-1.5%below the sector's middle half▲ 1.4pp0.7%within the sector's middle half▲ 2.2pp-4.8%below the sector's middle half▼ 5.5pp0.1%below the sector's middle half▲ 4.9pp-23.4%below the sector's middle half-
Staff (FTE)54.7-58.3▲ 6.6%56.6above the sector's middle half▼ 2.9%53.5above the sector's middle half▼ 5.5%51.2above the sector's middle half▼ 4.3%46.8within the sector's middle half▼ 8.6%44within the sector's middle half-
above within below the middle half of NACE 23, Manufacture of other non-metallic mineral products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €8.6m
Fixed assets €2.2m ▲ 107%
Current assets €6.5m ▼ 19.1%
Equity and liabilities €8.8m
Equity €85,579 ▼ 92.2%
Debt €8.7m ▲ 5.6%
Debt's share of the balance-sheet total rises from 88.3% to 99.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2023
EBITDA
-€1.1m▼
2023 · €738,653
Cash flow
-€1.5m▼
2023 · €467,935
Quick ratio
0.36▼
2023 · 0.40
Interest coverage
-3.18▼
2023 · 3.09
Debt ≤ 1 year
€8.3m▲
2023 · €8.1m
Debt > 1 year
€311,614▲
2023 · €105,139
Income taxes
€3,979▲
2023 · €4
Staff costs
€5.0m▲
2023 · €3.3m
A ratio outside any meaningful range has been withheld (balance sheet total €8.8m, equity €85,579).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 175 companies that looked in July 2024 the way this one looks now, 5.7% went bankrupt within 24 months and 85.1% are still going.

  • Small
  • 20 years or older
  • solvency under 10%
  • a loss of 10% of the balance sheet or more
5.7% went bankrupt
8.6% stopped otherwise
85.1% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 175 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2023 · 87 lines
Balance sheet Code20232025
Assets
Total assets20/58€9.3m€8.8m▼
Formation expenses20€0.3m€0.1m▼
Fixed assets21/28€1.1m€2.2m▲
Intangible fixed assets21€0.1m€0.1m▼
Tangible fixed assets22/27€0.9m€2.1m▲
Plant, machinery and equipment23€0.3m€1.4m▲
Furniture and vehicles24€0.2m€0.1m▼
Leasing and similar rights25€0.2m€0.3m▲
Other tangible fixed assets26€0.3m€0.3m▼
Financial fixed assets28€150€350▲
Other financial fixed assets284/8€150€350▲
Amounts receivable and cash guarantees285/8€150€350▲
Current assets29/58€8.0m€6.5m▼
Stocks and contracts in progress3€4.7m€3.5m▼
Stocks30/36€4.6m€3.4m▼
Raw materials and consumables30/31€0.2m€0.2m▲
Finished goods33€0.002m-
Goods purchased for resale34€4.4m€3.2m▼
Contracts in progress37€0.1m€0.08m▼
Amounts receivable within one year40/41€3.0m€2.5m▼
Trade receivables40€2.5m€1.9m▼
Other amounts receivable41€0.5m€0.6m▲
Cash at bank and in hand54/58€0.2m€0.4m▲
Deferred charges and accrued income490/1€0.09m€0.07m▼
Equity and liabilities
Total equity and liabilities10/49€9.3m€8.8m▼
Equity10/15€1.1m€0.09m▼
Contributions10/11€1.0m€1.0m=
Capital10€1.0m€1.0m=
Issued capital100€1.0m€1.0m=
Revaluation surpluses12-€1.1m
Reserves13€0.1m€0.1m=
Non-distributable reserves130/1€0.1m€0.1m=
Legal reserve130€0.1m€0.1m=
Profit (loss) carried forward14-€0.005m-€2.1m▼
Amounts payable17/49€8.2m€8.7m▲
Amounts payable after more than one year17€0.1m€0.3m▲
Financial debts170/4€0.1m€0.2m▲
Leasing and similar obligations172€0.1m€0.2m▲
Credit institutions173-€0.03m
Other amounts payable178/9-€0.1m
Amounts payable within one year42/48€8.1m€8.3m▲
Current portion of amounts payable after more than one year42€0.05m€0.09m▲
Financial debts43€3.9m€3.8m▼
Credit institutions430/8€3.9m€3.8m▼
Trade debts44€3.5m€3.7m▲
Suppliers440/4€3.5m€3.7m▲
Advances received on contracts in progress46€0.4m€0.2m▼
Taxes, remuneration and social security45€0.4m€0.5m▲
Taxes450/3€0.07m€0.1m▲
Remuneration and social security454/9€0.3m€0.4m▲
Other amounts payable47/48€0.009m€0.004m▼
Accrued charges and deferred income492/3€390€0.06m▲
Income statement Code20232025
Operating income70/76A€17.2m€23.5m▲
Turnover70€17.1m€23.4m▲
Change in stocks of work in progress, finished goods and contracts in progress71€371-€0.05m▼
Other operating income74€0.1m€0.1m▼
Non-recurring operating income76A€0.001m€0.006m▲
Operating charges60/66A€16.9m€25.2m▲
Goods for resale, raw materials and consumables60€9.8m€14.8m▲
Purchases600/8€9.9m€13.4m▲
Change in stocks: decrease (increase)609-€0.02m€1.4m▲
Services and other goods61€3.3m€5.0m▲
Remuneration, social security and pensions62€3.3m€5.0m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.5m€0.5m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.03m-€0.2m▼
Other operating charges640/8€0.02m€0.04m▲
Non-recurring operating charges66A-€0.003m
Operating profit (loss)9901€0.3m-€1.7m▼
Financial income75/76B€0.06m€0.09m▲
Recurring financial income75€0.06m€0.09m▲
Income from current assets751€0.02m€0.02m▼
Other financial income752/9€0.04m€0.07m▲
Financial charges65/66B€0.3m€0.5m▲
Recurring financial charges65€0.3m€0.5m▲
Debt charges650€0.2m€0.4m▲
Other financial charges652/9€0.09m€0.1m▲
Profit (loss) for the period before taxes9903€0.009m-€2.1m▼
Income taxes67/77€4€0.004m▲
Taxes670/3€4€0.004m▲
Profit (loss) for the period9904€0.009m-€2.1m▼
Profit (loss) for the period to be appropriated9905€0.009m-€2.1m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€0.4m-€2.1m▼
Profit (loss) brought forward from the previous period14P-€0.4m-€0.005m▲
Transfer from equity791/2€0.4m-
Withdrawal from contributions791€0.4m-
From reserves792€0.04m-
Social balance sheet
Average headcount (FTE)908746.844.0▼

The notes to these accounts (87 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021202220232025Change
Operating income70/76A€12.9m€18.9m€18.4m€20.4m€20.3m€17.2m€23.5m-
Turnover70€13.3m€18.6m€18.3m€20.3m€20.1m€17.1m€23.4m-
Change in stocks of work in progress, finished goods and contracts in progress71-€0.6m€0.02m-€0.06m€0.03m-€0.06m€371-€0.05m-
Own construction capitalised72-€0.1m-€0.02m----
Other operating income74€0.2m€0.1m€0.1m€0.1m€0.2m€0.1m€0.1m-
Non-recurring operating income76A€0.009m€0.003m€0.03m€0.002m€0.01m€0.001m€0.006m-
Operating charges60/66A€12.8m€19.0m€18.3m€20.2m€20.6m€16.9m€25.2m-
Goods for resale, raw materials and consumables60€7.0m€11.9m€11.5m€12.9m€13.2m€9.8m€14.8m-
Purchases600/8€10.5m€11.9m€11.3m€13.1m€12.8m€9.9m€13.4m-
Change in stocks: decrease (increase)609-€3.5m-€0.04m€0.2m-€0.3m€0.4m-€0.02m€1.4m-
Services and other goods61€2.6m€3.2m€3.1m€3.6m€3.8m€3.3m€5.0m-
Remuneration, social security and pensions62€3.1m€3.6m€3.2m€3.2m€3.3m€3.3m€5.0m-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.4m€0.5m€0.5m€0.6m€0.5m€0.5m-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.2m€0.03m€0.07m-€0.06m-€0.2m-€0.03m-€0.2m-
Provisions for liabilities and charges: additions (uses and reversals)635/8€0.007m-€0.02m------
Other operating charges640/8€0.07m€0.08m€0.09m€0.09m€0.03m€0.02m€0.04m-
Operating charges capitalised as restructuring costs649-€0.1m-€0.2m-€0.07m--€0.1m---
Non-recurring operating charges66A€0.001m€0.001m€0.009m€0.006m€0.02m-€0.003m-
Operating profit (loss)9901€0.09m-€0.08m€0.05m€0.2m-€0.3m€0.3m-€1.7m-
Financial income75/76B€0.02m€0.06m€0.07m€0.1m€0.1m€0.06m€0.09m-
Recurring financial income75€0.02m€0.06m€0.07m€0.1m€0.1m€0.06m€0.09m-
Income from current assets751€0.007m€0.009m€0.005m€0.02m€0.03m€0.02m€0.02m-
Other financial income752/9€0.01m€0.05m€0.06m€0.08m€0.1m€0.04m€0.07m-
Financial charges65/66B€0.2m€0.3m€0.2m€0.2m€0.3m€0.3m€0.5m-
Recurring financial charges65€0.2m€0.3m€0.2m€0.2m€0.3m€0.3m€0.5m-
Debt charges650€0.1m€0.1m€0.1m€0.1m€0.1m€0.2m€0.4m-
Other financial charges652/9€0.06m€0.1m€0.1m€0.1m€0.2m€0.09m€0.1m-
Non-recurring financial charges66B€0.05m-------
Profit (loss) for the period before taxes9903-€0.1m-€0.3m-€0.1m€0.08m-€0.5m€0.009m-€2.1m-
Income taxes67/77-€0.004m€0.01m€0.004m€0.003m€4€0.004m-
Taxes670/3-€0.004m€0.01m€0.005m€0.004m€4€0.004m-
Tax adjustments and reversals of tax provisions77---€0.001m€0.001m---
Profit (loss) for the period9904-€0.1m-€0.3m-€0.1m€0.08m-€0.5m€0.009m-€2.1m-
Profit (loss) for the period to be appropriated9905-€0.1m-€0.3m-€0.1m€0.08m-€0.5m€0.009m-€2.1m-
Line2018201920202021202220232025Change
Assets
Total assets20/58€10.2m€9.9m€9.7m€10.7m€10.0m€9.3m€8.8m-
Formation expenses20€0.1m€0.3m€0.3m€0.2m€0.4m€0.3m€0.1m-
Fixed assets21/28€1.6m€1.6m€1.5m€1.3m€1.2m€1.1m€2.2m-
Intangible fixed assets21€0.7m€0.7m€0.5m€0.4m€0.2m€0.1m€0.1m-
Tangible fixed assets22/27€0.7m€0.9m€1.0m€1.0m€1.0m€0.9m€2.1m-
Plant, machinery and equipment23€0.1m€0.4m€0.4m€0.4m€0.4m€0.3m€1.4m-
Furniture and vehicles24€0.1m€0.2m€0.2m€0.2m€0.2m€0.2m€0.1m-
Leasing and similar rights25€0.5m€0.3m€0.2m€0.1m€0.3m€0.2m€0.3m-
Other tangible fixed assets26€0.01m€0.07m€0.2m€0.2m€0.2m€0.3m€0.3m-
Financial fixed assets28€0.2m€100€100€150€150€150€350-
Affiliated companies280/1€0.2m-------
Participating interests280€0.2m-------
Other financial fixed assets284/8-€100€100€150€150€150€350-
Amounts receivable and cash guarantees285/8-€100€100€150€150€150€350-
Current assets29/58€8.5m€8.1m€7.9m€9.1m€8.3m€8.0m€6.5m-
Stocks and contracts in progress3€4.8m€4.8m€4.5m€4.8m€4.6m€4.7m€3.5m-
Stocks30/36€4.7m€4.6m€4.4m€4.7m€4.5m€4.6m€3.4m-
Raw materials and consumables30/31€0.08m€0.1m€0.1m€0.1m€0.2m€0.2m€0.2m-
Finished goods33€0.07m€0.04m€0.04m€0.03m€0.002m€0.002m--
Goods purchased for resale34€4.5m€4.5m€4.2m€4.5m€4.4m€4.4m€3.2m-
Advance payments36€0.04m--€0.03m----
Contracts in progress37€0.09m€0.1m€0.09m€0.1m€0.1m€0.1m€0.08m-
Amounts receivable within one year40/41€3.5m€3.2m€3.2m€4.0m€3.2m€3.0m€2.5m-
Trade receivables40€3.1m€2.9m€2.7m€3.2m€2.9m€2.5m€1.9m-
Other amounts receivable41€0.3m€0.2m€0.5m€0.8m€0.4m€0.5m€0.6m-
Cash at bank and in hand54/58€0.1m€0.2m€0.2m€0.2m€0.4m€0.2m€0.4m-
Deferred charges and accrued income490/1€0.1m€0.03m€0.03m€0.09m€0.1m€0.09m€0.07m-
Equity and liabilities
Total equity and liabilities10/49€10.2m€9.9m€9.7m€10.7m€10.0m€9.3m€8.8m-
Equity10/15€1.9m€1.6m€1.5m€1.6m€1.1m€1.1m€0.09m-
Contributions10/11€1.9m€1.9m€1.9m€1.4m€1.4m€1.0m€1.0m-
Capital10€1.9m€1.9m€1.9m€1.4m€1.4m€1.0m€1.0m-
Issued capital100€1.9m€1.9m€1.9m€1.4m€1.4m€1.0m€1.0m-
Revaluation surpluses12------€1.1m-
Reserves13€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m-
Non-distributable reserves130/1--€0.1m€0.1m€0.1m€0.1m€0.1m-
Legal reserve130€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m-
Profit (loss) carried forward14-€0.1m-€0.4m-€0.6m€0.07m-€0.4m-€0.005m-€2.1m-
Provisions and deferred taxes16€0.02m-------
Provisions for liabilities and charges160/5€0.02m-------
Pensions and similar obligations160€0.02m-------
Amounts payable17/49€8.3m€8.3m€8.2m€9.1m€8.9m€8.2m€8.7m-
Amounts payable after more than one year17€0.3m€0.1m€0.06m€0.03m€0.2m€0.1m€0.3m-
Financial debts170/4€0.3m€0.1m€0.06m€0.03m€0.2m€0.1m€0.2m-
Leasing and similar obligations172€0.3m€0.1m€0.06m€0.03m€0.2m€0.1m€0.2m-
Credit institutions173€0.03m-----€0.03m-
Other amounts payable178/9------€0.1m-
Amounts payable within one year42/48€8.0m€8.2m€8.1m€9.1m€8.7m€8.1m€8.3m-
Current portion of amounts payable after more than one year42€0.2m€0.1m€0.08m€0.05m€0.06m€0.05m€0.09m-
Financial debts43€4.0m€3.8m€3.9m€3.9m€3.9m€3.9m€3.8m-
Credit institutions430/8€4.0m€3.8m€3.9m€3.9m€3.9m€3.9m€3.8m-
Trade debts44€3.1m€3.5m€3.3m€4.4m€3.6m€3.5m€3.7m-
Suppliers440/4€3.1m€3.5m€3.3m€4.4m€3.6m€3.5m€3.7m-
Advances received on contracts in progress46€0.3m€0.4m€0.4m€0.2m€0.5m€0.4m€0.2m-
Taxes, remuneration and social security45€0.3m€0.4m€0.4m€0.5m€0.6m€0.4m€0.5m-
Taxes450/3-€0.08m€0.1m€0.2m€0.3m€0.07m€0.1m-
Remuneration and social security454/9€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m€0.4m-
Other amounts payable47/48€0.2m€0.001m€0.02m€0.02m€0.1m€0.009m€0.004m-
Accrued charges and deferred income492/3€0.01m€0.03m€0.05m-€0.04m€390€0.06m-
Line2018201920202021202220232025Change
Profit (loss) for the period9904-€0.1m-€0.3m-€0.1m€0.08m-€0.5m€0.009m-€2.1m-
+ Depreciation and write-downs630€0.3m€0.4m€0.5m€0.5m€0.6m€0.5m€0.5m-
Operating cash flow (approximation)€0.2m€0.1m€0.3m€0.6m€0.08m€0.5m-€1.5m-
Investment in fixed assets (approximation)--€0.4m-€0.4m-€0.4m-€0.4m-€0.3m--
Change in cash-€0.01m€0.07m-€0.005m€0.2m-€0.2m--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 26 filings with the National Bank
Financial year Type Filed Reference
30-06-2025 full format 05-02-2026 2026-00034752
31-12-2023 full format 18-06-2024 2024-00146796
31-12-2022 full format 21-08-2023 2023-00346394
31-12-2021 full format 30-11-2022 2022-20529518
31-12-2020 full format 21-10-2021 2021-72500032
31-12-2019 full format 05-01-2021 2021-00200439
31-12-2018 full format 24-09-2019 2019-65400310
31-12-2017 full format 17-07-2018 2018-33800442
31-12-2016 full format 10-07-2017 2017-29100303
31-12-2015 full format 17-06-2016 2016-18700214

Show all 26 filings

Similar companies · same sector, comparable size

Of the 44 active companies whose main activity is manufacture of other non-metallic mineral products (NACE 23310), figures are known for 16. 12 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 to 2024 · 3 entries · €19,125 awarded · €19,125 paid
Year Entries AwardedPaid
2024 1 €9,165€9,165
2023 1 €0€9,960
2022 1 €9,960€0
Schemes
2 entries · €9,960 · €9,960 paid · Departement Werk en Sociale Economie
1 entry · €9,165 · €9,165 paid · Vlaams Agentschap voor Internationaal Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.