Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PHILSTONE from Gent, company number BE0441056822, closed financial year 2025 with a result of € 234,186 after tax. For that financial year PHILSTONE recorded a gross margin of € 709,894 and equity of € 3.1 million. Compared with financial year 2024, the result moved from € -1.1 million to € 234,186. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 3.1 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 234,186
▲ still € 1.1 million loss in 2024
Profit after tax over the fiscal year.
€ 30,697
▲ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2.7 million.
People and assets in 2025
0.8
Average over the fiscal year, from the social balance sheet.
€ 36,138
▲ 8% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 43,233
▲ 22% vs 2024
Of which on lease € 23,537.
Debts at end 2025
€ 7.7 million
▼ 9% vs 2024
€ 129,702 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 282,592
▲ € 277,963 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,785
▼ 47% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,326,756 | € 302,903 | € -437,171 | € 709,894 | ▲ € 1.1 million |
| Profit after taxes | € 1,403,381 | € -386,397 | € -1,149,879 | € 234,186 | ▲ € 1.4 million |
| Equity | € 4,405,590 | € 4,019,193 | € 2,869,314 | € 3,103,500 | ▲ 8% |
| Total debts | € 10,273,691 | € 9,886,455 | € 8,944,203 | € 9,205,736 | ▲ 3% |
| Cash | € 1,188,737 | € 38,894 | € 20,485 | € 30,697 | ▲ 50% |
| Land & buildings | € 5,896,671 | € 5,776,259 | € 6,533,093 | € 6,108,978 | ▼ 6% |
| Retained profit | € 4,035,590 | € 3,649,193 | € 2,499,314 | € 2,733,500 | ▲ 9% |
| Bank debt | € 9,880,986 | € 9,456,945 | € 8,490,221 | € 7,723,515 | ▼ 9% |
| Balance sheet total | € 15,463,237 | € 14,668,407 | € 12,551,108 | € 12,945,714 | ▲ 3% |
| Employees (FTE) | 0.8 | 0.8 | 0.8 | 0.8 |
Key figures of PHILSTONE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to PHILSTONE?
What happened at PHILSTONE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Laure Liétaer stepped down as director. NBB
- Advice and follow-up BV stepped down as director. NBB
- Pierre Liétaer stepped down as director. NBB
- Tom De Wilde stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 234,186. Source: NBB ↗
- Laure Liétaer became a director. NBB
- Advice and follow-up BV became a director. NBB
- Pierre Liétaer became a director. NBB
In short
From € 1.4 million profit in 2022 to € 234,186 profit in 2025.
Paid € 1,372 in corporate taxes since 2022.
Best year ever: 2022, with € 1.4 million profit.
A new publication or filing at PHILSTONE? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of SOGEFIM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PHILSTONEThe shares are held by SOGEFIM (100%). It owns 50% of City Properties and 50% of City Build itself.
Directors
According to the 2025 annual accounts
since 2024 · until 2030
Director · represented by Yves Tytgat
Also active at: Jules Tytgat, SCOOP, FONCIERE DU MARCHE AUX HERBES, CITY CONCEPT, IMSART, LAMSOUL, LES CRESSES, SIMINVEST +8 more
since 2024 · until 2030
Pierre Liétaer
Managing director
Also active at: CITY CONCEPT, OPUS OPERANDI, SOGEFIM, ROCK INVEST, CHRISTACOR, COTTON PROJECTS
since 2024 · until 2030
since 2024 · until 2030
Shareholders
100%
Participations
50%
50%
Establishments
Establishment units
Physical locations of this company
Tentoonstellingslaan 123
9000 Gent
Frederik Sanderlaan 16
8200 Brugge
Active since 26 September 1990
Kortrijksesteenweg 267
9000 Gent
Active since 25 June 1996
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →CITY CONCEPT same network
€ 936,277 gross margin · 2025
SOGEFIM same network
€ 880,348 gross margin · 2025
Optistone same network
€ -2,467 gross margin · 2025
HIDROSANITARIA
€ 42,665 gross margin · 2025
ROCK INVEST same network
€ 142,484 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0441.056.822
- VAT number
- BE 0441.056.822
- Registered office
- Tentoonstellingslaan 123, 9000 Gent
- Names & denominations
- PHILSTONE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 May 1990
- Peppol
- Active · Active since 18 Jun 2025
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis