STONE IMMO
ActiveSummary
STONE IMMO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €39,469. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 65% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+11
Solvency81▲+7
Growth38▲+16
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.21 against 0.95 in 2024; short-term debt: 4.2% and cash: 2.5% of total assets), and 43.7% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
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
56.3%
Return on assets
1.9%
Age of the figures
9 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
38 d early
2023
34 d early
2022
23 d late
2021
122 d late
2020
82 d late
2019
158 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 42 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 15 July (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#10 oldest company in Erpe-Mere, Real estate sector
Turnover
€427,500▼ 10.9%
2024 · €480,000
EBIT margin
15.1%▲ 11.2pp
2024 · 3.9%
Net result
€39,469
2024 · -€9,367
Working capital
€18,010
2024 · -€12,793
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€480,000▼ 12.8%€480,000=€480,000=€480,000=€427,500▼ 10.9%
Operating result€2,099▼ 27.3%€61,663▲ 2,838%€28,131▼ 54.4%€18,649▼ 33.7%€64,629▲ 247%
Net result-€29,085below the sector's middle half▼ 559%€29,780within the sector's middle half€745within the sector's middle half▼ 97.5%-€9,367within the sector's middle half€39,469within the sector's middle half
EBIT margin0.4%▼ 0.1pp12.8%▲ 12.4pp5.9%▼ 7.0pp3.9%▼ 2.0pp15.1%▲ 11.2pp
Equity€1.1mwithin the sector's middle half▼ 2.6%€1.1mwithin the sector's middle half▲ 2.8%€1.1mwithin the sector's middle half▲ 0.1%€1.1mwithin the sector's middle half▼ 0.8%€1.1mwithin the sector's middle half▲ 3.6%
Total assets€2.4mwithin the sector's middle half▼ 19.3%€2.4mwithin the sector's middle half▲ 0.2%€2.3mwithin the sector's middle half▼ 5.7%€2.2mwithin the sector's middle half▼ 1.9%€2.0mwithin the sector's middle half▼ 9.3%
Debt€1.3m▼ 29.1%€1.3m▼ 1.8%€1.2m▼ 10.6%€1.1m▼ 2.8%€884,474▼ 21.8%
Working capital-€35,964within the sector's middle half▼ 436%€38,021within the sector's middle half€6,454within the sector's middle half▼ 83.0%-€12,793within the sector's middle half€18,010within the sector's middle half
Solvency44.9%within the sector's middle half▲ 7.7pp46.0%within the sector's middle half▲ 1.1pp48.8%within the sector's middle half▲ 2.8pp49.3%within the sector's middle half▲ 0.5pp56.3%within the sector's middle half▲ 7.0pp
Current ratio0.80within the sector's middle half▼ 0.191.19within the sector's middle half▲ 0.391.03within the sector's middle half▼ 0.150.95within the sector's middle half▼ 0.091.21within the sector's middle half▲ 0.27
Return on assets (ROA)-1.2%within the sector's middle half▼ 1.1pp1.2%within the sector's middle half▲ 2.4pp0.0%within the sector's middle half▼ 1.2pp-0.4%within the sector's middle half▼ 0.5pp1.9%within the sector's middle half▲ 2.4pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 247% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.9m ▼ 4.1%
Current assets
€102,417 ▼ 55.2%
Equity and liabilities €2.0m
Equity
€1.1m ▲ 3.6%
Debt
€884,474 ▼ 21.8%
Debt's share of the balance-sheet total falls from 50.7% to 43.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€146,011▲
2024 · €103,907
Cash flow
€120,851▲
2024 · €75,891
Debt to equity
0.78▼
2024 · 1.03
ROE
3.5%▲
2024 · -0.9%
Interest coverage
5.80▲
2024 · 4.23
Debt ≤ 1 year
€84,406▼
2024 · €241,459
Debt > 1 year
€485,180▼
2024 · €552,892
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 14,733 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €502,336 | €544,015 | €546,846 | €502,987 | €449,908 | ▼ 10.6% |
| Turnover70 | €480,000 | €480,000 | €480,000 | €480,000 | €427,500 | ▼ 10.9% |
| Other operating income74 | - | €41,679 | €44,510 | €651 | €72 | ▼ 88.9% |
| Non-recurring operating income76A | €22,336 | €22,336 | €22,336 | €22,336 | €22,336 | = |
| Operating charges60/66A | €500,237 | €482,352 | €518,715 | €484,338 | €385,279 | ▼ 20.5% |
| Services and other goods61 | €393,030 | €379,880 | €417,767 | €396,328 | €302,755 | ▼ 23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €98,196 | €99,195 | €96,208 | €85,258 | €81,381 | ▼ 4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €152 | -€7,314 | - | - | - | - |
| Other operating charges640/8 | €8,859 | €10,591 | €4,740 | €2,752 | €1,143 | ▼ 58.5% |
| Operating profit (loss)9901 | €2,099 | €61,663 | €28,131 | €18,649 | €64,629 | ▲ 247% |
| Financial income75/76B | €3,025 | - | - | €197 | - | - |
| Recurring financial income75 | €3,025 | - | - | €197 | - | - |
| Other financial income752/9 | €3,025 | - | - | €197 | - | - |
| Financial charges65/66B | €34,209 | €31,883 | €27,386 | €24,931 | €25,160 | ▲ 0.9% |
| Recurring financial charges65 | €34,209 | €31,883 | €27,386 | €24,931 | €25,160 | ▲ 0.9% |
| Debt charges650 | €31,165 | €29,058 | €26,906 | €24,561 | €25,160 | ▲ 2.4% |
| Other financial charges652/9 | €3,044 | €2,825 | €480 | €370 | - | - |
| Profit (loss) for the period before taxes9903 | -€29,085 | €29,780 | €745 | -€6,085 | €39,469 | ▲ 749% |
| Income taxes67/77 | - | - | - | €3,282 | - | - |
| Taxes670/3 | - | - | - | €3,282 | - | - |
| Profit (loss) for the period9904 | -€29,085 | €29,780 | €745 | -€9,367 | €39,469 | ▲ 521% |
| Profit (loss) for the period to be appropriated9905 | -€29,085 | €29,780 | €745 | -€9,367 | €39,469 | ▲ 521% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.4m | €2.3m | €2.2m | €2.0m | ▼ 9.3% |
| Fixed assets21/28 | €2.3m | €2.2m | €2.1m | €2.0m | €1.9m | ▼ 4.1% |
| Tangible fixed assets22/27 | €2.3m | €2.2m | €2.1m | €2.0m | €1.9m | ▼ 4.1% |
| Land and buildings22 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 1.8% |
| Plant, machinery and equipment23 | €56,464 | €49,337 | €42,211 | €35,084 | €27,957 | ▼ 20.3% |
| Leasing and similar rights25 | €834,072 | €786,664 | €739,256 | €691,848 | €644,440 | ▼ 6.9% |
| Other tangible fixed assets26 | €139,959 | €128,874 | €110,170 | €100,738 | €95,183 | ▼ 5.5% |
| Financial fixed assets28 | €134 | €134 | - | - | - | - |
| Other financial fixed assets284/8 | €134 | €134 | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | €134 | €134 | - | - | - | - |
| Current assets29/58 | €144,787 | €242,324 | €193,373 | €228,666 | €102,417 | ▼ 55.2% |
| Amounts receivable within one year40/41 | €15,315 | €113,455 | €15,987 | €1,855 | €51,875 | ▲ 2,696% |
| Trade receivables40 | - | - | - | - | €45,375 | - |
| Other amounts receivable41 | €15,315 | €113,455 | €15,987 | €1,855 | €6,500 | ▲ 250% |
| Cash at bank and in hand54/58 | €2,338 | €872 | €50,252 | €99,677 | €50,542 | ▼ 49.3% |
| Deferred charges and accrued income490/1 | €127,134 | €127,997 | €127,134 | €127,134 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.4m | €2.3m | €2.2m | €2.0m | ▼ 9.3% |
| Equity10/15 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 3.6% |
| Contributions10/11 | €650,000 | €650,000 | €650,000 | €650,000 | €650,000 | = |
| Capital10 | €650,000 | €650,000 | €650,000 | €650,000 | €650,000 | = |
| Issued capital100 | €650,000 | €650,000 | €650,000 | €650,000 | €650,000 | = |
| Revaluation surpluses12 | €344,984 | €344,983 | €344,984 | €344,983 | €344,984 | = |
| Reserves13 | €113,217 | €113,217 | €113,217 | €113,217 | €113,217 | = |
| Non-distributable reserves130/1 | €73,364 | €73,364 | €73,364 | €73,364 | €73,364 | = |
| Legal reserve130 | €70,880 | €70,880 | €70,880 | €70,880 | €70,880 | = |
| Other1319 | €2,484 | €2,484 | €2,484 | €2,484 | €2,484 | = |
| Tax-exempt reserves132 | €21,151 | €21,151 | €21,151 | €21,151 | €21,151 | = |
| Distributable reserves133 | €18,702 | €18,702 | €18,702 | €18,702 | €18,703 | = |
| Profit (loss) carried forward14 | -€29,085 | €695 | €1,440 | -€7,927 | €31,542 | ▲ 498% |
| Amounts payable17/49 | €1.3m | €1.3m | €1.2m | €1.1m | €884,474 | ▼ 21.8% |
| Amounts payable after more than one year17 | €741,504 | €680,999 | €618,135 | €552,892 | €485,180 | ▼ 12.2% |
| Financial debts170/4 | €741,504 | €680,999 | €618,135 | €552,892 | €485,180 | ▼ 12.2% |
| Leasing and similar obligations172 | €741,504 | €680,999 | €618,135 | €552,892 | €485,180 | ▼ 12.2% |
| Amounts payable within one year42/48 | €180,751 | €204,303 | €186,919 | €241,459 | €84,406 | ▼ 65.0% |
| Current portion of amounts payable after more than one year42 | €58,367 | €60,504 | €62,865 | €65,243 | €67,095 | ▲ 2.8% |
| Trade debts44 | €111,963 | €129,419 | €111,089 | €127,650 | €939 | ▼ 99.3% |
| Suppliers440/4 | €111,963 | €129,419 | €111,089 | €127,650 | €939 | ▼ 99.3% |
| Taxes, remuneration and social security45 | - | €9,172 | €1,303 | - | €16,373 | - |
| Taxes450/3 | - | €9,172 | €1,303 | - | €16,373 | - |
| Other amounts payable47/48 | €10,421 | €5,208 | €11,662 | €48,566 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €404,232 | €416,897 | €359,560 | €337,225 | €314,888 | ▼ 6.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,085 | €29,780 | €745 | -€9,367 | €39,469 | ▲ 521% |
| + Depreciation and write-downs630 | €98,196 | €99,195 | €96,208 | €85,258 | €81,381 | ▼ 4.5% |
| Operating cash flow (approximation) | €69,111 | €128,975 | €96,953 | €75,891 | €120,851 | ▲ 59.2% |
| Investment in fixed assets (approximation) | - | -€7,149 | -€8,320 | -€7,559 | €0 | ▲ 100% |
| Change in cash | - | -€1,466 | €49,380 | €49,425 | -€49,135 | ▼ 199% |
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
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €39,469
Net result €39,469 after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 23 days late
2022
31-12
Financial
Back to profitnet €29,780
Net result €29,780 after 3 loss-making years.
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 122 days late
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 82 days late
05-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 158 days late
2019
31-12
Financial
Weakest financial yearnet -€64,031
Net result drops to -€64,031, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
15 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, Erpe-Mere · 1 establishment unit since 1989
Ground area
1.8 ha
Building footprint
1.3 ha
Volume, LiDAR
79,016 m³
2 parcels, Flanders · tallest building 16.7 m, ±2 floors. Linked by address, not a title deed.
24
companies at this address
See who is registered here
1 establishment unit
STONE IMMO
since 19892.045.323.984
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41015B0773/00V000 | Flanders | 1.3 ha | 1 · 1.1 ha | 9.4 m · 2 fl. |
| 44050B1257/00D000 | Flanders | 5,352 m² | 1 · 1,747 m² | 16.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- AXIS
- STONE IMMO
Highest known parent: AXIS. The sources do not say who stands above it.
Owners 1
- AXISparentSourceaccounts AXIS 202499.9%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
5493002TBDD9WJNT6I75
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Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 4,035 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-09-1989
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
0208:0438418719
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.