ACTIVE

BLUESTONE SERVICE

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Financial year 2025 · Closed on 31/12/2025

Net result121,9 k €-57,2 %over 1 year

Gross margin202,1 k €-36,3 %over 1 year

Equity341 k €+55,6 %over 1 year

Workforce1,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

BLUESTONE SERVICE is a Private limited company incorporated in 2012. Its main activity is: Construction of buildings. Its registered office is in Anderlecht. It employs on average 1,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0842.668.395
Incorporation: 12/01/2012
Legal form: Private limited company
Registered office: Rue de l'Agrafe 68 box 6.03
1070 Anderlecht · BruxellesSee on map
Contributed capital: 20 000,00 €
Latest accounts: 31/12/2025
Average workforce: 1,0 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 68321Management of real estate on a fee or contract basis 68321Management of real estate on a fee or contract basis 71111Architectural activities 71111Architectural activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 14 filings

Trend over 14 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	202,1 k €	-36.3%	317,2 k €	+102%	156,7 k €	-11.7%	177,5 k €	-20.5%	223,3 k €
EBITDA	143 k €	-44.1%	255,9 k €	+129%	111,7 k €	-2.0%	114 k €	-35.1%	175,7 k €
Operating result	143 k €	-44.1%	255,9 k €	+155%	100,2 k €	-14.9%	117,8 k €	-30.8%	170,2 k €
Net result	121,9 k €	-57.2%	285,1 k €	+260%	79,2 k €	-8.5%	86,5 k €	-31.6%	126,4 k €
Balance sheet
Equity	341 k €	+55.6%	219,1 k €	+19.1%	184 k €	+4.5%	176,1 k €	-7.1%	189,5 k €
Total assets	692 k €	-39.3%	1,1 M €	+8.9%	1 M €	-1.4%	1,1 M €	+13.7%	934,1 k €
Cash	9,2 k €	-43.0%	16,1 k €	-91.7%	194 k €	-74.0%	745,1 k €	-5.8%	790,6 k €
Debts	351 k €	-61.9%	921,9 k €	+8.7%	847,8 k €	-2.7%	871,2 k €	+18.7%	733,7 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-33.3%	1,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
UNIVERSTONE0896.457.370Represented by Arnaud Khodara	Director
VLABO0422.957.414Represented by Paul Van Butsele	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Arnaud KHODARA	Director2023 accountsManager2018 accounts
Paul Jules Van Butsele	Manager2012 accounts
Paul Van Butsele	Manager2018 accounts

Other companies at this address

Rue de l'Agrafe 68 1070 Anderlecht

Company	CBE no.
BLUESTONE INVEST● Active	0830.993.654
Coralie● Active	0662.652.629
HENDRICKX KEY LARGO ET CIE● Active	0465.429.655
KASNY CONSULTING● Active	0772.782.172
SPIRYIT● Active	1004.647.806
TINT● Active	0675.462.567
VLABO● Active	0422.957.414

Full financial information

Source · NBB

	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	31/08/2026	30/09/2025	30/08/2024	07/08/2023	23/08/2022	16/06/2021
General meeting	18/04/2026	18/04/2025	09/07/2024	18/04/2023	14/07/2022	16/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 14 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/04/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	18/04/2025	30/09/2025	French	PDF
Abridged model	31/12/2023	09/07/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	18/04/2023	07/08/2023	French	PDF
Abridged model	31/12/2021	14/07/2022	23/08/2022	French	PDF
Abridged model	31/12/2020	16/06/2021	16/06/2021	French	PDF
Abridged model	31/12/2019	18/04/2020	09/09/2020	Dutch	PDF
Abridged model	31/12/2018	18/04/2019	18/09/2019	Dutch	PDF
Abridged model	31/12/2017	18/04/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	18/04/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	18/04/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	18/04/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	18/04/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	18/04/2013	30/08/2013	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
UNIVERSTONE0896.457.370Represented by Arnaud Khodara	Director
VLABO0422.957.414Represented by Paul Van Butsele	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Arnaud KHODARA	Director2023 accountsManager2018 accounts
Paul Jules Van Butsele	Manager2012 accounts
Paul Van Butsele	Manager2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates30/04/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Other07/01/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates24/07/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates29/05/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - SIEGE SOCIAL
PDF
Mandates27/12/2018
DEMISSIONS, NOMINATIONS
PDF
Other23/01/2012
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings14 filings

Mandates

VLABO

UNIVERSTONE

Paul Jules Van Butsele

Paul VAN BUTSELE

Arnaud KHODARA

201220132014201520162017201820192020202120222023202420252026

BLUESTONE SERVICE

Rue de l'Agrafe 68 bte 6.03, 1070 Anderlecht

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de l'Agrafe 68 bte 6.03, 1070 AnderlechtCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00502474

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BLUESTONE SERVICECurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00502474

Events

2025
Annual accounts 2025121,9 k €↓
2024
Annual accounts 2024285,1 k €↑
2023
Annual accounts 202379,2 k €↓
2022
Annual accounts 202286,5 k €↓
2021
Annual accounts 2021126,4 k €↓
2020
Annual accounts 2020372,4 k €↑
2019
Annual accounts 20199 k €↓
2018
Annual accounts 201820,7 k €↑
2017
Annual accounts 20177,6 k €↑
2016
Annual accounts 2016-11,3 k €↓
2015
Annual accounts 201592,8 k €↑
2014
Annual accounts 201411,8 k €↑
2013
Annual accounts 20131,4 k €↑
2012
Annual accounts 2012-11,4 k €
12/01/2012
IncorporationPrivate limited company

BLUESTONE SERVICE

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events