WHITE-STONE GROUP
ActiveSummary
The computed 12-month bankruptcy probability of WHITE-STONE GROUP is 2.2% (moderate). The 2025 annual accounts show negative equity (€-8k) and a net result of €-5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 2003 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Age of the figures
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-8k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
385 d late
2022
44 d late
2021
51 d early
2020
1 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-8k▼ 164%
2024 · €-3k
2020: €47khighest in 6 years
2021: €20k▼ -56.8% vs 2020
2022: €425▼ -97.9% vs 2021
2023: €-1k▼ -341% vs 2022
2024: €-3k▼ -184% vs 2023
2025: €-8k▼ -164% vs 2024lowest in 6 years
2020 → 2025
Total assets
€643▼ 14.7%
2024 · €754
2020: €65khighest in 6 years
2021: €30k▼ -53.5% vs 2020
2022: €3k▼ -91.4% vs 2021
2023: €2k▼ -37.1% vs 2022
2024: €754▼ -54.0% vs 2023
2025: €643▼ -14.7% vs 2024lowest in 6 years
2020 → 2025
Net result
€-5k▼ 153%
2024 · €-2k
2020: €37khighest in 6 years
2021: €-27k▼ -172% vs 2020lowest in 6 years
2022: €-20k▲ +25.4% vs 2021
2023: €-1k▲ +92.7% vs 2022
2024: €-2k▼ -30.2% vs 2023
2025: €-5k▼ -153% vs 2024
2020 → 2025
Working capital
€-8k▼ 164%
2024 · €-3k
2020: €43khighest in 6 years
2021: €18k▼ -58.1% vs 2020
2022: €-438▼ -102% vs 2021
2023: €-1k▼ -134% vs 2022
2024: €-3k▼ -184% vs 2023
2025: €-8k▼ -164% vs 2024lowest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€425▼ 97.9%€-1k€-3k▼ 184%€-8k▼ 164%
2021: €20khighest in 5 years
2022: €425▼ -97.9% vs 2021
2023: €-1k▼ -341% vs 2022
2024: €-3k▼ -184% vs 2023
2025: €-8k▼ -164% vs 2024lowest in 5 years
Operating result€-28k-€-20k▲ 28.7%€-1k▲ 93.0%€-2k▼ 31.5%€-5k▼ 158%
2021: €-28klowest in 5 years
2022: €-20k▲ +28.7% vs 2021
2023: €-1k▲ +93.0% vs 2022highest in 5 years
2024: €-2k▼ -31.5% vs 2023
2025: €-5k▼ -158% vs 2024
Net result€-27k-€-20k▲ 25.4%€-1k▲ 92.7%€-2k▼ 30.2%€-5k▼ 153%
2021: €-27klowest in 5 years
2022: €-20k▲ +25.4% vs 2021
2023: €-1k▲ +92.7% vs 2022highest in 5 years
2024: €-2k▼ -30.2% vs 2023
2025: €-5k▼ -153% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €2k in 2024; the loss grows.
Key figures and ratios
Debt
€8k▲
2024 · €4k
Debt ≤ 1 year
€8k▲
2024 · €4k
Ratios withheld: a balance sheet total of €643 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 22 lines
Balance sheet
Code20242025
Assets
Total assets20/58€754€643▼
Current assets29/58€754€643▼
Cash at bank and in hand54/58€754€643▼
Equity and liabilities
Total equity and liabilities10/49€754€643▼
Equity10/15€-3k€-8k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€-13k€-18k▼
Amounts payable17/49€4k€8k▲
Amounts payable within one year42/48€4k€8k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Other amounts payable47/48€3k€7k▲
Income statement
Code20242025
Other operating charges640/8€439€450▲
Gross operating margin9900€-1k€-4k▼
Operating profit (loss)9901€-2k€-5k▼
Financial charges65/66B€61€61=
Recurring financial charges65€61€61=
Profit (loss) for the period before taxes9903€-2k€-5k▼
Profit (loss) for the period9904€-2k€-5k▼
Profit (loss) for the period to be appropriated9905€-2k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-18k▼
Profit (loss) brought forward from the previous period14P€-11k€-13k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €29k | €16k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €1k | €863 | - | - | - |
| Other operating charges640/8 | €348 | €348 | €384 | €439 | €450 | ▲ 2.5% |
| Gross operating margin9900 | €3k | €-2k | €-143 | €-1k | €-4k | ▼ 207% |
| Operating profit (loss)9901 | €-28k | €-20k | €-1k | €-2k | €-5k | ▼ 158% |
| Financial income75/76B | €1k | - | - | - | - | - |
| Recurring financial income75 | €1k | - | - | - | - | - |
| Financial charges65/66B | €50 | €57 | €61 | €61 | €61 | = |
| Recurring financial charges65 | €50 | €57 | €61 | €61 | €61 | = |
| Profit (loss) for the period before taxes9903 | €-27k | €-20k | €-1k | €-2k | €-5k | ▼ 153% |
| Profit (loss) for the period9904 | €-27k | €-20k | €-1k | €-2k | €-5k | ▼ 153% |
| Profit (loss) for the period to be appropriated9905 | €-27k | €-20k | €-1k | €-2k | €-5k | ▼ 153% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30k | €3k | €2k | €754 | €643 | ▼ 14.7% |
| Fixed assets21/28 | €2k | €863 | - | - | - | - |
| Tangible fixed assets22/27 | €2k | €863 | - | - | - | - |
| Furniture and vehicles24 | €2k | €863 | - | - | - | - |
| Financial fixed assets28 | €100 | - | - | - | - | - |
| Current assets29/58 | €28k | €2k | €2k | €754 | €643 | ▼ 14.7% |
| Amounts receivable within one year40/41 | €27 | €393 | - | - | - | - |
| Trade receivables40 | - | €44 | - | - | - | - |
| Other amounts receivable41 | €27 | €349 | - | - | - | - |
| Cash at bank and in hand54/58 | €28k | €1k | €2k | €754 | €643 | ▼ 14.7% |
| Deferred charges and accrued income490/1 | €326 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30k | €3k | €2k | €754 | €643 | ▼ 14.7% |
| Equity10/15 | €20k | €425 | €-1k | €-3k | €-8k | ▼ 164% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €10k | €-10k | €-11k | €-13k | €-18k | ▼ 37.0% |
| Amounts payable17/49 | €10k | €2k | €3k | €4k | €8k | ▲ 127% |
| Amounts payable within one year42/48 | €10k | €2k | €3k | €4k | €8k | ▲ 127% |
| Trade debts44 | €3k | - | €340 | €1k | €2k | ▲ 38.0% |
| Suppliers440/4 | €3k | - | €340 | €1k | €2k | ▲ 38.0% |
| Taxes, remuneration and social security45 | €7k | - | - | - | - | - |
| Remuneration and social security454/9 | €7k | - | - | - | - | - |
| Other amounts payable47/48 | €77 | €2k | €2k | €3k | €7k | ▲ 169% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-27k | €-20k | €-1k | €-2k | €-5k | ▼ 153% |
| + Depreciation and write-downs630 | €2k | €1k | €863 | - | - | - |
| Operating cash flow (approximation) | €-25k | €-19k | €-588 | €-2k | €-5k | ▼ 153% |
| Investment in fixed assets (approximation) | - | €100 | - | - | - | - |
| Change in cash | - | €-26k | €289 | €-884 | €-111 | ▲ 87.5% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 385 days late
2023
13-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 44 days late
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 2019
Ground area
219 m²
Building footprint
123 m²
Volume, LiDAR
1,989 m³
Parcel 21443C0221/00Y002, Brussels · tallest building 22.6 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Henri Marichalstraat 28, 1050 Elsene
since 20192.293.027.045
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0221/00Y002 | Brussels | 219 m² | 1 · 123 m² | 22.6 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,653 companies in sector 90111 we hold annual accounts for 385. 35 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
90111Literary creation
90202Performing arts by artistic ensembles
96220Beauty care and other beauty treatments
Scores and ratios are computed by Checked and are not a credit decision.