ACTIVE

PHILSTONE

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Financial year 2025 · closed on 31/12/2025

Net result

234,2 k €

+120.4% YoY

Gross margin

709,9 k €

+262.4% YoY

Equity

3,1 M €

+8.2% YoY

Workforce

0,8 ETP

0.0% YoY

What does PHILSTONE do?

PHILSTONE is a Public limited company incorporated in 1990. Its main activity is: Real estate agencies. Its registered office is in Gent. It employs on average 0,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.056.822

Incorporation

28/05/1990

Legal form

Public limited company

Registered office

Tentoonstellingslaan 123
9000 Gent · FlandreSee on map

Contributed capital

370 000,00 €

Latest accounts

31/12/2025

Average workforce

0,8 ETP

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	709,9 k €	+262%	-437,2 k €	-244%	302,9 k €	-87.0%	2,3 M €	+275%	620,9 k €	-66.4%	1,8 M €	+86.4%	991,7 k €	+41.5%	700,9 k €	+21.9%	575 k €	-28.1%	799,6 k €	+187%	278,7 k €	-62.1%	735,7 k €	+83.1%	401,8 k €	-5.2%	424 k €	+19.4%	355 k €	+37.5%	258,1 k €	+12.2%	230 k €	-76.0%	957,1 k €	+231%	289 k €	+30.8%	221 k €
EBITDA	635,5 k €	+224%	-511,4 k €	-319%	233,3 k €	-89.5%	2,2 M €	+303%	550,6 k €	-68.7%	1,8 M €	+90.3%	923,8 k €	+44.1%	640,9 k €	+222%	199,2 k €	-74.3%	776,6 k €	+210%	250,3 k €	-65.0%	714,5 k €	+83.5%	389,4 k €	-5.5%	411,8 k €	+18.0%	348,9 k €	+57.1%	222,2 k €	-2.9%	228,7 k €	-76.1%	956,2 k €	+232%	287,9 k €	+33.2%	216,1 k €
Operating result	426,3 k €	+157%	-747,4 k €	-3044%	25,4 k €	-98.7%	2 M €	+672%	261,4 k €	-80.9%	1,4 M €	+141%	569,3 k €	+79.1%	317,8 k €	+974%	-36,4 k €	-106%	582,7 k €	+290%	149,3 k €	-76.8%	642,8 k €	+94.7%	330,2 k €	-9.3%	364,2 k €	+18.9%	306,3 k €	+99.5%	153,5 k €	+1.4%	151,4 k €	-82.6%	870,6 k €	+374%	183,6 k €	+62.2%	113,2 k €
Net result	234,2 k €	+120%	-1,1 M €	-198%	-386,4 k €	-128%	1,4 M €	+514%	228,4 k €	-82.9%	1,3 M €	+426%	253,7 k €	+162%	97 k €	+139%	-249,4 k €	-196%	258,5 k €	+17735%	1,4 k €	-99.7%	464,1 k €	+363%	100,2 k €	-19.9%	125,2 k €	-8.5%	136,7 k €	+143%	56,2 k €	-7.3%	60,7 k €	-91.7%	727,5 k €	+2554%	27,4 k €	+130%	-92,1 k €
Balance sheet
Equity	3,1 M €	+8.2%	2,9 M €	-28.6%	4 M €	-8.8%	4,4 M €	+46.7%	3 M €	+8.2%	2,8 M €	+92.6%	1,4 M €	+21.4%	1,2 M €	+8.9%	1,1 M €	-18.5%	1,3 M €	+24.0%	1,1 M €	+0.1%	1,1 M €	+24.8%	861,7 k €	+13.2%	761,5 k €	+12.6%	676,4 k €	+16.7%	579,6 k €	+2.9%	563,4 k €	+3.8%	542,7 k €	+16.7%	465,2 k €	+7.4%	433,3 k €
Total assets	12,9 M €	+3.1%	12,6 M €	-14.4%	14,7 M €	-5.1%	15,5 M €	+6.6%	14,5 M €	+22.0%	11,9 M €	-13.0%	13,7 M €	+22.3%	11,2 M €	+46.0%	7,6 M €	+1.0%	7,6 M €	+30.1%	5,8 M €	+49.7%	3,9 M €	-34.3%	5,9 M €	+2.2%	5,8 M €	+31.5%	4,4 M €	+110%	2,1 M €	-1.4%	2,1 M €	-23.3%	2,8 M €	-12.0%	3,2 M €	-2.9%	3,2 M €
Cash	30,7 k €	+49.9%	20,5 k €	-47.3%	38,9 k €	-96.7%	1,2 M €	+125%	527,6 k €	+265%	144,6 k €	+95.1%	74,1 k €	-80.1%	372,6 k €	+38.3%	269,3 k €	+813%	29,5 k €	-90.3%	303,7 k €	-46.4%	566,3 k €	+2874%	19 k €	-75.3%	77,1 k €	+119%	35,2 k €	-9.2%	38,7 k €	+860%	4 k €	-87.8%	33 k €	+359%	7,2 k €	+293%	1,8 k €
Debts	9 M €	+1.4%	8,9 M €	-9.4%	9,9 M €	-3.9%	10,2 M €	-7.6%	11,1 M €	+27.6%	8,7 M €	-26.9%	11,9 M €	+19.5%	9,9 M €	+52.2%	6,5 M €	+5.5%	6,2 M €	+32.8%	4,7 M €	+67.6%	2,8 M €	-44.3%	5 M €	+0.3%	5 M €	+33.8%	3,7 M €	+147%	1,5 M €	-3.3%	1,6 M €	-29.6%	2,2 M €	-17.1%	2,7 M €	-0.5%	2,7 M €
Other
Workforce	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	-46.7%	1,5 ETP	+36.4%	1,1 ETP	+83.3%	0,6 ETP	+20.0%	0,5 ETP	0.0%	0,5 ETP		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 47 ended

Active mandates

ADVICE and FOLLOW-UP

Director · since 22 mai 2024 · until 22 mai 2030 · 0427.741.690

Represented by Yves Tytgat

Active

Laure Liétaer

Managing director · since 22 mai 2024 · until 22 mai 2030

Active

Pierre Liétaer

Managing director · since 22 mai 2024 · until 22 mai 2030

Active

Tom De Wilde

Director · since 22 mai 2024 · until 22 mai 2030

Active

Ended mandates

ADVICE and FOLLOW-UP

Director · since 22 mai 2024 · until 22 mai 2030 · 0427.741.690

Represented by Tytgat YVES

Ended

ADVICE and FOLLOW-UP

Director · since 20 février 2024 · 0427.741.690

Represented by Tytgat YVES

Ended

Pierre Liétaer

Director · since 20 février 2024

Ended

Tom De Wilde

Director · since 20 février 2024

Ended

At this address

Other companies at this address

Company	CBE no.
CITY CONCEPT● Active	0427.003.007
COLOR & CONSTRUCT● Active	0887.510.012
COTTON PROJECTS● Active	0897.420.046
HIDROSANITARIA● Active	0766.271.591
Optistone● Active	0452.424.628
ROCK INVEST● Active	0870.972.403
SOGEFIM● Active	0446.047.174

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/07/2026	17/06/2025	24/06/2024	21/06/2023	25/08/2022	01/07/2021
General meeting	19/06/2026	26/05/2025	27/05/2024	30/05/2023	30/06/2022	31/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	17/07/2026	Dutch	PDF
Abridged model	31/12/2024	26/05/2025	17/06/2025	Dutch	PDF
Abridged model	31/12/2023	27/05/2024	24/06/2024	Dutch	PDF
Abridged model	31/12/2022	30/05/2023	21/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	25/08/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	01/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	24/07/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	28/05/2018	21/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	29/08/2017	Dutch	PDF
Abridged model	31/12/2015	26/06/2016	14/07/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	26/05/2014	07/08/2014	Dutch	PDF
Abridged model	31/12/2012	27/05/2013	12/08/2013	Dutch	PDF
Abridged model	31/12/2011	18/05/2012	27/08/2012	Dutch	PDF
Abridged model	31/12/2010	18/05/2011	01/06/2011	Dutch	PDF
Abridged model	31/12/2009	18/05/2010	20/05/2010	Dutch	PDF
Abridged model	31/12/2008	18/05/2009	12/06/2009	Dutch	PDF
Abridged model	31/12/2007	18/05/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	18/05/2007	14/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 47 ended

Active mandates

ADVICE and FOLLOW-UP

Director · since 22 mai 2024 · until 22 mai 2030 · 0427.741.690

Represented by Yves Tytgat

Active

Laure Liétaer

Managing director · since 22 mai 2024 · until 22 mai 2030

Active

Pierre Liétaer

Managing director · since 22 mai 2024 · until 22 mai 2030

Active

Tom De Wilde

Director · since 22 mai 2024 · until 22 mai 2030

Active

Ended mandates

ADVICE and FOLLOW-UP

Director · since 22 mai 2024 · until 22 mai 2030 · 0427.741.690

Represented by Tytgat YVES

Ended

ADVICE and FOLLOW-UP

Director · since 20 février 2024 · 0427.741.690

Represented by Tytgat YVES

Ended

Pierre Liétaer

Director · since 20 février 2024

Ended

Tom De Wilde

Director · since 20 février 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/02/2026
DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/03/2025
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring17/01/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates25/09/2017
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025234,2 k €↑
2024
Annual accounts 2024-1,1 M €↓
2023
Annual accounts 2023-386,4 k €↓
2022
Annual accounts 20221,4 M €↑
2021
Annual accounts 2021228,4 k €↓
2020
Annual accounts 20201,3 M €↑
2019
Annual accounts 2019253,7 k €↑
2018
Annual accounts 201897 k €↑
2017
Annual accounts 2017-249,4 k €↓
2016
Annual accounts 2016258,5 k €↑
2015
Annual accounts 20151,4 k €↓
2014
Annual accounts 2014464,1 k €↑
2013
Annual accounts 2013100,2 k €↓
2012
Annual accounts 2012125,2 k €↓
2011
Annual accounts 2011136,7 k €↑
2010
Annual accounts 201056,2 k €↓
2009
Annual accounts 200960,7 k €↓
2008
Annual accounts 2008727,5 k €↑
2007
Annual accounts 200727,4 k €↑
2006
Annual accounts 2006-92,1 k €
28/05/1990
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PHILSTONE

Overview

What does PHILSTONE do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline