ACTIVE

Alphastone

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Financial year 2026 · closed on 31/03/2026
Net result
417,5 k €
-46.5% YoY
Gross margin
-336,7 k €
+7.6% YoY
Equity
785,8 k €
-9.5% YoY
Workforce
0,4 ETP
0.0% YoY

What does Alphastone do?

Alphastone is a Private limited company incorporated in 2015. Its main activity is: Development of building projects. Its registered office is in Bruxelles. It employs on average 0,4 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0630.751.705
Incorporation
21/05/2015
Legal form
Private limited company
Registered office
Avenue Louise 222
1050 Bruxelles · BruxellesSee on map
Contributed capital
20 460,00 €
Latest accounts
31/03/2026
Average workforce
0,4 ETP
Activities (NACE)
41101Development of building projects· main64200Activities of holding companies64210Activities of holding companies68121Buying and selling of own real estate41101Development of building projects41102Development of building projects+6
Joint committees (1)
  • 200
Signals
ProfitablePositive cashflowHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2026202520242023202220212020201920182017
Income statement
Gross margin-336,7 k €-364,2 k €-338,3 k €-293,3 k €-926,9 k €-164,9 k €-270,4 k €64,6 k €153,5 k €3,8 k €
EBITDA-423,6 k €-384,8 k €-355,6 k €-294,7 k €-928,8 k €-165,8 k €-270,8 k €64 k €153 k €2,5 k €
Operating result-430,1 k €-391,2 k €-363 k €-302 k €-935,4 k €-169,3 k €-273,7 k €63,7 k €153 k €1,6 k €
Net result417,5 k €780 k €1,3 M €3,5 M €2,1 M €218,8 k €25,7 k €-27,6 k €151,9 k €1,5 k €
Balance sheet
Equity785,8 k €868,3 k €1,3 M €4,1 M €2,5 M €388,9 k €170,1 k €144,4 k €172 k €20,1 k €
Total assets34,1 M €30,5 M €28,7 M €20,7 M €17,4 M €18 M €14,1 M €7,8 M €6,2 M €63 k €
Cash975 k €4,7 M €2,7 M €5,7 M €1,1 M €2 M €966,6 k €318 k €492,8 k €63 k €
Debts33,1 M €29,3 M €27,4 M €16,5 M €14,8 M €17,4 M €13,9 M €7,7 M €5,9 M €7,9 k €
Other
Workforce0,4 ETP0,4 ETP0,4 ETP–––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2026 · 1 active · 2 ended

Active mandates

NEXT STONE CAPITAL

Director · since 22 août 2022 · 0633.607.166

Active

Ended mandates

NEXT STONE CAPITAL

Director · since 27 août 2015 · 0633.607.166

Represented by MAXIME XANTIPPE

Ended
NEXT STONE CAPITAL

Administrator - manager · since 27 août 2015 · 0633.607.166

Represented by MAXIME XANTIPPE

Ended
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Annual accounts

Full financial information

202620252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelMicro modelAbridged modelMicro model
Start of the financial year01/04/202501/04/202401/04/202301/04/202201/04/202101/04/2020
Closing of the financial year31/03/202631/03/202531/03/202431/03/202331/03/202231/03/2021
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date20/04/202625/04/202525/04/202402/05/202317/10/202219/10/2021
General meeting20/04/202625/04/202525/04/202430/04/202330/09/202230/09/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202620/04/202620/04/2026DutchPDF
Abridged model31/03/202525/04/202525/04/2025DutchPDF
Abridged model31/03/202425/04/202425/04/2024DutchPDF
Micro model31/03/202330/04/202302/05/2023DutchPDF
Abridged model31/03/202230/09/202217/10/2022DutchPDF
Micro model31/03/202130/09/202119/10/2021DutchPDF
Abridged model31/03/202030/09/202019/10/2020DutchPDF
Micro model31/03/201930/09/201910/10/2019DutchPDF
Micro model31/03/201830/09/201804/10/2018DutchPDF
Abridged model31/03/201730/09/201728/10/2017DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 31/03/2026 · 1 active · 2 ended

Active mandates

NEXT STONE CAPITAL

Director · since 22 août 2022 · 0633.607.166

Active

Ended mandates

NEXT STONE CAPITAL

Director · since 27 août 2015 · 0633.607.166

Represented by MAXIME XANTIPPE

Ended
NEXT STONE CAPITAL

Administrator - manager · since 27 août 2015 · 0633.607.166

Represented by MAXIME XANTIPPE

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates29/08/2022
    WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office06/09/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates10/09/2015
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other26/05/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2026
    Annual accounts 2026417,5 k €↓
  2. 2025
    Annual accounts 2025780 k €↓
  3. 2024
    Annual accounts 20241,3 M €↓
  4. 2023
    Annual accounts 20233,5 M €↑
  5. 2022
    Annual accounts 20222,1 M €↑
  6. 2021
    Annual accounts 2021218,8 k €↑
  7. 2020
    Annual accounts 202025,7 k €↑
  8. 2019
    Annual accounts 2019-27,6 k €↓
  9. 2018
    Annual accounts 2018151,9 k €↑
  10. 2017
    Annual accounts 20171,5 k €
  11. 21/05/2015
    IncorporationPrivate limited company