Equity
Equity rose in 2025 from €22,388 to €74,980.
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Equity rose in 2025 from €22,388 to €74,980.
The accounts state no turnover.
Green is investment, beige is depreciation.
Short-term debts fell from €349,274 to €80,795.
The 2022 accounts came latest: 31 days after the end of the period.
Higher net result than 88% of companies in construction of buildings. Sector median €8,556 · 9,461 companies.
In July 2024, 26,972 companies had the same profile as Timeless Stones has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 26,972 companies, not a prediction for Timeless Stones. 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.
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| Company | ||||
|---|---|---|---|---|
| Timeless Stones Opwijk | €162,582 | €71,444 | 46.1% | - |
| MADRI CONCEPT Drogenbos | €165,242 | €71,241 | 77.1% | - |
| ABSOLUT CONSTRUCT Kraainem | €170,637 | €76,436 | 37.0% | - |
| Jimmy & Wout Construct Aarschot | €163,534 | €65,423 | 53.6% | - |
| NELZAK Wemmel | €167,956 | €77,703 | 71.8% | - |
| DAKVI Grimbergen | €162,557 | €79,691 | 54.0% | - |
| MARK.RENOV Zaventem | €147,857 | €67,029 | 56.3% | - |
These companies have the same main activity as Timeless Stones: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €148,000 and €171,000, founded between 2021 and 2022.
Timeless Stones files the micro format. That format states no turnover. The gross margin rose from -€42,508 in 2022 to €71,444 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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