Equity
€1.1m from €2.1m in 2011
Equity fell by 46% in 14 years.
STONE IMMO
Lifetime
17 annual accounts with figures on one time axis, 36 filings since 1989Turnoverpeak €15.0m (2014)
€427,500▼ 10.9%
Resultlowest -€67,332 (2012)
€39,469▲ €48,836
Equitypeak €2.1m (2011)
€1.1m▲ 3.6%
Debts
€884,474▼ 21.8%
Staffpeak 20.3 FTE (2011)
-not published
Board9 names since 2009
2 directorsHugo D'Haene and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
15-07-202616 days before the deadline
2025financial year
Back to profit: €39,469Registered office moved from Zulte to Erondegem 15-102 directors appointed 07-07Change of role: AXIS NV, from sole director to director 30-06Debts from €1.1m to €884,474Cash from €99,677 to €50,542
Key points
from the 2025 annual accountsSecurities
€4.1m
Mortgages, new in 2025. 3.6 times equity · not in the 2024 accounts.
Payment terms
1 day to suppliers
STONE IMMO pays its suppliers 117 days earlier than in 2024. Customers pay 38 days later.
Checked score
91
Excellent
Financially stronger than 69% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.2%▲ +0.1 percentage points vs 04-2025
06-2025: 0.1%▼ -0.1 percentage points vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.2%▲ +0.1 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026highest value
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Liquidity: current ratio 1.21, cash €50,542
lowers risk
Figures for financial year 2025 (filed on 15-07-2026)
Size: turnover €427,500, total assets €2.0m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 73% of them on solvency, 75% on liquidity, 90% on profitability and 39% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as STONE IMMO has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of STONE IMMO itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 14,766 companies, not a prediction for STONE IMMO. 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
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.21 (0.95 in 2024), below the usual 1.5. Short-term debt is 4.2% and cash 2.5% of total assets. 43.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
38 days early
2023
34 days early
2022
23 days late
2021
122 days late
2020
82 days late
2019
158 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 42 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 July (4 of the last 5 accounts filed within 39 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Astrum bvba 99.9%annual accounts 2017
- AXIS 99.9%equity €1.8m (2024) · 2024 annual accounts of AXIS
- Astrum bvba consolidatesannual accounts 2017
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0438418719
Registered office moved from Zulte to Erondegem
New registered office: Kuilstraat 47, 9420 Erondegem · Previous registered office: Grote Steenweg 13, 9870 Zulte · Resignations: AXIS NV, HI1 BV and SAS Invest NV · General meeting of 28-08-2025 · Gazette deed
2 directors appointed
HI1 BV and SAS Invest NV · Permanent representatives: Oscar Van Hool and Jef Stalmans · General meeting of 04-06-2025 · Gazette deed
Change of role: AXIS NV, from sole director to director
Director discharge: AXIS NV (sole director) · General meeting of 23-04-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| STONE IMMO Erpe-Mere | €427,500 | 15.1% | 56.3% | - |
| IMARGO Ixelles | €577,861 | -13.2% | -14.4% | - |
| Belgische Distributiemaatschappij voor Verwerking en Toelevering van Voedingswaren Veurne | €558,678 | 75.0% | 43.6% | - |
| Lanson Industries Plant I Oostkamp | €553,258 | 55.1% | 95.6% | - |
| COMPAGNIE DE SERVICES ET DE LOGISTIQUE Tournai | €544,663 | 49.9% | 83.2% | - |
| SABRA Ottignies-Louvain-la-Neuve | €525,092 | -21.3% | 7.5% | - |
| KRING - SERVICE Antwerp | €277,488 | 53.6% | 56.8% | - |
Grey: the largest companies of the sector (real estate (NACE 68)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as STONE IMMO: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €1.7m and €2.9m, founded between 1980 and 1995.
Official details
Source: KBO- Status
- Active since 26-09-1989Normal situation
- Registered office
- 24 active companies are registered at this addressSource: KBO register, as of 5 November 2026.
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.045.323.9849870 Zulte, since 16-10-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 29-12-2025
Annual accounts 2025
- Total assets
- €2.0m▼ 9.3%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on STONE IMMO
STONE IMMO has existed since 1989. Turnover fell from €9.4m in 2017 to €180,000 in 2019.
Solvency rose in 2025 from 49.3% to 56.3% because of the retained profit and lower debts.
AXIS holds all the shares. In October 2025, three directors stepped down.
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 STONE IMMO
- What is the company number of STONE IMMO?
- The company number of STONE IMMO is 0438.418.719. The VAT number is the same number with BE in front: BE 0438.418.719.
- Where is STONE IMMO based?
- The registered office is at Kuilstraat 47, 9420 Erpe-Mere.Company details
- What does STONE IMMO do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of STONE IMMO?
- STONE IMMO is a public limited company (NV).
- When was STONE IMMO founded?
- STONE IMMO was founded on 26-09-1989.
- Is STONE IMMO still active?
- Yes, STONE IMMO is an active enterprise in the KBO register.
- How many employees does STONE IMMO have?
- STONE IMMO had an average of 14.4 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
- What is the turnover of STONE IMMO?
- The turnover of STONE IMMO was €427,500 in financial year 2025, according to the filed annual accounts.
- Is STONE IMMO profitable?
- In financial year 2025, STONE IMMO made a profit of €39,469.
- Where can I find the annual accounts of STONE IMMO?
- STONE IMMO filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of STONE IMMO due?
- STONE IMMO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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