WALLSTONE
ActiveWALLSTONE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €836k and a net result of €57k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 28% of 4512 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▼-15
Solvency40▼-13
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 0.96 in 2024; short-term debt: 71.2% and cash: 0.5% of total assets), and 84.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
15.1%
Return on assets
1%
Age of the figures
9 mo
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
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
28 d early
2023
31 d late
2022
84 d early
2021
10 d early
2020
66 d late
2019
185 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€57k▼ 0.2%
2024 · €57k
2019: €274k
2020: €-38k
2021: €36k
2022: €78k
2023: €11k
2024: €57k
2019 → 2025
Working capital
€521k
2024 · €-54k
2019: €406k
2020: €-223k
2021: €-230k
2022: €-199k
2023: €241k
2024: €-54k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€633k-€712k▲ 12.4%€722k▲ 1.5%€779k▲ 7.9%€836k▲ 7.3%
Operating result€110k-€126k▲ 14.8%€113k▼ 10.7%€142k▲ 25.4%€291k▲ 106%
Net result€36k-€78k▲ 119%€11k▼ 86.1%€57k▲ 420%€57k▼ 0.2%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 106% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.54M
Fixed assets
€1.08M▼ 30.1%
Current assets
€4.46M▲ 251%
Equity and liabilities €5.54M
Equity
€836k▲ 7.3%
Debt
€4.70M▲ 132%
The debt ratio rises from 72.3% to 84.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€333k▲
2024 · €201k
Cash flow
€99k▼
2024 · €116k
Solvency
15.1%▼
2024 · 27.7%
Current ratio
1.13▲
2024 · 0.96
Quick ratio
0.60▲
2024 · 0.03
Debt / equity
5.62▲
2024 · 2.60
ROE
6.8%▼
2024 · 7.3%
ROA
1.0%▼
2024 · 2.0%
Interest coverage
1.32▼
2024 · 2.93
Debt
€4.70M▲
2024 · €2.03M
Debt ≤ 1 year
€3.94M▲
2024 · €1.32M
Debt > 1 year
€544k▼
2024 · €679k
Income taxes
€22k▲
2024 · €17k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.81M€5.54M▲
Fixed assets21/28€1.54M€1.08M▼
Tangible fixed assets22/27€1.54M€1.08M▼
Land and buildings22€1.53M€1.07M▼
Plant, machinery and equipment23€9k€7k▼
Financial fixed assets28-€400
Current assets29/58€1.27M€4.46M▲
Stocks and contracts in progress3€1.23M€2.08M▲
Stocks30/36€1.23M€2.08M▲
Amounts receivable within one year40/41€9k€2.32M▲
Trade receivables40€484€12k▲
Other amounts receivable41€9k€2.31M▲
Cash at bank and in hand54/58€28k€27k▼
Deferred charges and accrued income490/1€751€28k▲
Equity and liabilities
Total equity and liabilities10/49€2.81M€5.54M▲
Equity10/15€779k€836k▲
Contributions10/11€433k€433k=
Capital10€433k€433k=
Issued capital100€433k€433k=
Reserves13€343k€393k▲
Non-distributable reserves130/1€43k€43k=
Legal reserve130€43k€43k=
Distributable reserves133€300k€350k▲
Profit (loss) carried forward14€3k€10k▲
Amounts payable17/49€2.03M€4.70M▲
Amounts payable after more than one year17€679k€544k▼
Financial debts170/4€679k€544k▼
Amounts payable within one year42/48€1.32M€3.94M▲
Current portion of amounts payable after more than one year42€411k€400k▼
Financial debts43€7k€6k▼
Credit institutions430/8€7k€6k▼
Trade debts44€321k€1.13M▲
Suppliers440/4€321k€1.13M▲
Taxes, remuneration and social security45€4k€16k▲
Taxes450/3€4k€16k▲
Other amounts payable47/48€581k€2.39M▲
Accrued charges and deferred income492/3€26k€217k▲
Income statement
Code20242025
Non-recurring operating income76A-€379k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€42k▼
Other operating charges640/8€28k€74k▲
Gross operating margin9900€229k€407k▲
Operating profit (loss)9901€142k€291k▲
Financial income75/76B€1k€40k▲
Recurring financial income75€1k€40k▲
Financial charges65/66B€69k€252k▲
Recurring financial charges65€69k€252k▲
Profit (loss) for the period before taxes9903€74k€79k▲
Income taxes67/77€17k€22k▲
Profit (loss) for the period9904€57k€57k▼
Profit (loss) for the period to be appropriated9905€57k€57k▼
Appropriation of the result
Profit (loss) to be appropriated9906€103k€60k▼
Profit (loss) brought forward from the previous period14P€46k€3k▼
Transfer to equity691/2€100k€50k▼
To other reserves6921€100k€50k▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
05-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 66 days late
01-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 185 days late
2020
31-12
Financial
Weakest financial yearnet €-38k ▼114%
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 384 days late
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-07
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.
Directors · office · real estate
Directors
13 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, Roeselare · 1 establishment unit since 2010
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.
Sint-Blasiusstraat 368800 RoeselareGround area
9,917 m²
Building footprint
493 m²
Volume, LiDAR
4 m³
Parcel 36302B0015/00P002, Flanders · tallest building 0.3 m. Linked by address, not a title deed.
1 establishment unit
WALLSTONE
since 20102.192.913.246
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B0015/00P002 | Flanders | 9,917 m² | 1 · 493 m² | 0.2 m |
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
ZENITH CAPITAL
BE 0784.245.097
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TLG Science Park
BE 0704.841.689
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Finas
BE 0459.160.782
Retie · Eq €836k
midi developpement
BE 0479.800.996
Ukkel · Eq €836k
AUREUM PROJECTS
BE 0793.487.813
Heusden-Zolder · Eq €835k
Of 9,697 companies in sector 68121 we hold annual accounts for 7,381. 4,147 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-10-2010
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.