STONE BY STONE
ActiveSTONE BY STONE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €817k and a net result of €-143k. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability5▼-38
Solvency86▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days only on tighter terms
Liquidity ample (current ratio 18.91 against 15.15 in 2023; short-term debt: 4.2% and cash: 2.8% of total assets), and 39.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · 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 2024Solvency, return and age of the figures
Solvency
60.7%
Return on assets
-10.6%
Age of the figures
24 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-143k
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 146 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline23-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 30-04-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
on the day
2023
16 d late
2022
32 d late
2021
9 d late
2020
36 d early
2019
51 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-143k▼ 320%
2023 · €-34k
2018: €9k
2019: €36k
2020: €89k
2021: €6k
2022: €521k
2023: €-34k
2018 → 2024
Working capital
€1.01M▼ 10.7%
2023 · €1.13M
2018: €340k
2019: €347k
2020: €442k
2021: €450k
2022: €1.35M
2023: €1.13M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€578k-€583k▲ 1.0%€1.10M▲ 89.3%€960k▼ 13.1%€817k▼ 14.9%
Operating result€138k-€32k▼ 76.9%€30k▼ 5.6%€7k▼ 75.8%€-135k
Net result€89k-€6k▼ 93.4%€521k▲ 8,806%€-34k€-143k▼ 320%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €135k after €7k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.34M
Fixed assets
€277k▼ 15.2%
Current assets
€1.07M▼ 11.9%
Equity and liabilities €1.34M
Equity
€817k▼ 14.9%
Debt
€528k▼ 8.9%
The debt ratio rises from 37.6% to 39.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-85k▼
2023 · €54k
Cash flow
€-92k▼
2023 · €13k
Solvency
60.7%▼
2023 · 62.4%
Current ratio
18.91▲
2023 · 15.15
Quick ratio
18.41▲
2023 · 14.79
Debt / equity
0.65▲
2023 · 0.60
ROE
-17.5%▼
2023 · -3.5%
ROA
-10.6%▼
2023 · -2.2%
Interest coverage
-11.19▼
2023 · 3.25
Debt
€528k▼
2023 · €579k
Debt ≤ 1 year
€56k▼
2023 · €80k
Debt > 1 year
€471k▼
2023 · €497k
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€1.54M€1.34M▼
Fixed assets21/28€326k€277k▼
Tangible fixed assets22/27€324k€274k▼
Land and buildings22€243k€202k▼
Furniture and vehicles24€3k€2k▼
Other tangible fixed assets26€78k€70k▼
Financial fixed assets28€2k€2k=
Current assets29/58€1.21M€1.07M▼
Amounts receivable after more than one year29€682k€707k▲
Trade receivables290€682k€707k▲
Stocks and contracts in progress3€28k€28k=
Stocks30/36€28k€28k=
Amounts receivable within one year40/41€168k€143k▼
Trade receivables40€130k€112k▼
Other amounts receivable41€38k€31k▼
Current investments50/53€198k€153k▼
Cash at bank and in hand54/58€137k€37k▼
Equity and liabilities
Total equity and liabilities10/49€1.54M€1.34M▼
Equity10/15€960k€817k▼
Contributions10/11€19k€19k=
Reserves13€975k€798k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€56k€56k=
Distributable reserves133€918k€741k▼
Profit (loss) carried forward14€-34k-
Amounts payable17/49€579k€528k▼
Amounts payable after more than one year17€497k€471k▼
Financial debts170/4€131k€106k▼
Other amounts payable178/9€365k€365k=
Amounts payable within one year42/48€80k€56k▼
Current portion of amounts payable after more than one year42€24k€25k▲
Trade debts44€52k€11k▼
Suppliers440/4€52k€11k▼
Taxes, remuneration and social security45-€3k
Taxes450/3-€500
Remuneration and social security454/9-€2k
Other amounts payable47/48€4k€18k▲
Accrued charges and deferred income492/3€3k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€51k▲
Other operating charges640/8€8k€5k▼
Gross operating margin9900€62k€-79k▼
Operating profit (loss)9901€7k€-135k▼
Financial income75/76B€51€177▲
Recurring financial income75€51€177▲
Financial charges65/66B€17k€8k▼
Recurring financial charges65€17k€8k▼
Profit (loss) for the period before taxes9903€-9k€-143k▼
Income taxes67/77€25k-
Profit (loss) for the period9904€-34k€-143k▼
Profit (loss) for the period to be appropriated9905€-34k€-143k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€-177k▼
Profit (loss) brought forward from the previous period14P-€-34k
Transfer from equity791/2€111k€177k▲
Profit to be distributed694/7€111k-
Return on contributions (dividend)694€111k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Weakest financial yearnet €-143k
Net result drops to €-143k, the lowest in the series.
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 16 days late
2023
30-09
Financial
Liquidity triplescurrent ratio 15.15
Current ratio from 5.45 to 15.15; short-term debt falls from €303k to €80k.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
30-09
Financial
Highest result since 2018net €521k ▲8806%
Net result €521k, the highest in the series.
30-09
Financial
Liquidity doublescurrent ratio 5.45
Current ratio from 2.45 to 5.45; short-term debt falls from €311k to €303k.
30-09
Financial
Equity above €1MEq €1.10M ▲89.3%
5 profitable years in a row build equity to €1.10M.
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 9 days late
2021
25-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Equity above €500kEq €578k ▲18.2%
3 profitable years in a row build equity to €578k.
10-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
13-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 11 days late
2016
25-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Elsene · 1 establishment unit since 2005
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.
Waverse Steenweg 281050 ElseneGround area
833 m²
Building footprint
832 m²
Volume, LiDAR
8,803 m³
Parcel 21009A0762/00N000, Brussels · tallest building 23.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STONE BY STONE BVBA
since 20052.149.790.610
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0762/00N000 | Brussels | 833 m² | 1 · 832 m² | 23.5 m · 2 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
Jönchem
BE 0460.640.528
Brasschaat · Eq €817k
TRADIBO
BE 0444.614.346
Damme · Eq €817k
LES CORNUES
BE 0449.992.601
Mons · Eq €818k
Gemako Invest
BE 0728.526.121
Diepenbeek · Eq €819k
SOM DEVELOPMENT
BE 0416.047.747
Genk · Eq €814k
Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 4,176 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-10-2005
Fiscal year end30-09
Activities, NACEBEL
68121Development of residential building projects
70111
68122Development of non-residential building projects
70113
70200Business and other management consultancy
70220Business consulting
74142
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.