ACTIVE

SANDSTONE DEVELOPMENT

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Financial year 2025 · closed on 31/12/2025
Net result
91,6 k €
-46.5% YoY
Gross margin
436,2 k €
-39.4% YoY
Equity
117,6 k €
+11.0% YoY
Workforce
2,5 ETP
-19.4% YoY

What does SANDSTONE DEVELOPMENT do?

SANDSTONE DEVELOPMENT is a Private limited company incorporated in 2016. Its main activity is: Development of building projects. Its registered office is in Etterbeek. It employs on average 2,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0665.587.472
Incorporation
28/10/2016
Legal form
Private limited company
Registered office
Rue du Cornet 191
1040 Etterbeek · BruxellesSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Average workforce
2,5 ETP
Activities (NACE)
41101Development of building projects· main68100Buying and selling of own real estate68110Buying and selling of own real estate68121Buying and selling of own real estate43990Other specialised construction activities n.e.c.43995Other specialised construction activities n.e.c.+4
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin436,2 k €719,6 k €486,2 k €293,2 k €202,8 k €126,4 k €211 k €131,8 k €51,1 k €
EBITDA267,2 k €558,9 k €320,9 k €227,4 k €144,8 k €38,4 k €126,6 k €74,6 k €11,3 k €
Operating result236,4 k €552,9 k €312,1 k €220,5 k €139,8 k €34,6 k €120,8 k €72,3 k €9,1 k €
Net result91,6 k €171,1 k €3,9 k €73,1 k €8 k €-54,4 k €42,7 k €30,2 k €-4,8 k €
Balance sheet
Equity117,6 k €106 k €24,9 k €21 k €27,9 k €19,9 k €74,3 k €31,6 k €1,4 k €
Total assets3,9 M €6,5 M €8,3 M €5,2 M €5,7 M €3,8 M €4,1 M €2,7 M €919,6 k €
Cash221,9 k €111,6 k €363,3 k €347,5 k €198,1 k €122,5 k €76,1 k €17,5 k €17,6 k €
Debts3,7 M €6,4 M €8,3 M €5,1 M €5,6 M €3,8 M €4 M €2,6 M €918,2 k €
Other
Workforce2,5 ETP3,1 ETP3,4 ETP1,8 ETP1,5 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 · 2 active · 2 ended

Active mandates

Realstone

Administrator - manager · 0661.609.482

Represented by Guillaume NYST

Active
SANDSTONE

Administrator - manager · 0898.654.619

Represented by Philippe de WOUTERS d'OPLINTER

Active

Ended mandates

Realstone

Manager · 0661.609.482

Represented by Guillaume NYST

Ended
SANDSTONE

Manager · 0898.654.619

Represented by Philippe de WOUTERS d'OPLINTER

Ended
At this address

Other companies at this address

CompanyCBE no.
RENOVASTYL● Active
0879.452.775
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date28/08/202622/09/202522/08/202401/09/202305/08/202213/08/2021
General meeting03/06/202604/06/202505/06/202407/06/202301/06/202202/06/2021
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

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202503/06/202628/08/2026FrenchPDF
Abridged model31/12/202404/06/202522/09/2025FrenchPDF
Abridged model31/12/202305/06/202422/08/2024FrenchPDF
Abridged model31/12/202207/06/202301/09/2023FrenchPDF
Abridged model31/12/202101/06/202205/08/2022FrenchPDF
Micro model31/12/202002/06/202113/08/2021FrenchPDF
Micro model31/12/201903/06/202027/08/2020FrenchPDF
Micro model31/12/201805/06/201912/08/2019FrenchPDF
Micro model31/12/201706/06/201817/08/2018FrenchPDF
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 · 2 active · 2 ended

Active mandates

Realstone

Administrator - manager · 0661.609.482

Represented by Guillaume NYST

Active
SANDSTONE

Administrator - manager · 0898.654.619

Represented by Philippe de WOUTERS d'OPLINTER

Active

Ended mandates

Realstone

Manager · 0661.609.482

Represented by Guillaume NYST

Ended
SANDSTONE

Manager · 0898.654.619

Represented by Philippe de WOUTERS d'OPLINTER

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/04/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Other03/11/2016
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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. 2025
    Annual accounts 202591,6 k €↓
  2. 2024
    Annual accounts 2024171,1 k €↑
  3. 2023
    Annual accounts 20233,9 k €↓
  4. 2022
    Annual accounts 202273,1 k €↑
  5. 2021
    Annual accounts 20218 k €↑
  6. 2020
    Annual accounts 2020-54,4 k €↓
  7. 2019
    Annual accounts 201942,7 k €↑
  8. 2018
    Annual accounts 201830,2 k €↑
  9. 2017
    Annual accounts 2017-4,8 k €
  10. 28/10/2016
    IncorporationPrivate limited company