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 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BLUESTONE from Elsene, company number BE0473173918, closed financial year 2025 with a result of € -10,933 after tax. For that financial year BLUESTONE recorded a gross margin of € 278,349 and equity of € 2.5 million. Compared with financial year 2024, the result moved from € 45,450 to € -10,933. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 2.5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10,933
▼ still € 45,450 profit in 2024
Profit after tax over the fiscal year.
€ 6,176
▼ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 434,915.
People and assets in 2025
€ 70,827
▲ 25% 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.
€ 27,227
▼ 45% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.3 million
▼ 21% vs 2024
€ 276,698 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 3,640
▼ 77% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,314
▼ 72% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 185,580 | € 388,192 | € 787,892 | € 278,349 | ▼ 65% |
| Profit after taxes | € 52,151 | € 180,941 | € 45,450 | € -10,933 | ▼ € 56,383 |
| Equity | € 3,355,617 | € 2,511,559 | € 2,557,008 | € 2,546,075 | |
| Total debts | € 1,760,822 | € 2,878,991 | € 7,008,771 | € 6,951,951 | ▼ 1% |
| Cash | € 7,953 | € 5,293 | € 8,892 | € 6,176 | ▼ 31% |
| Land & buildings | - | - | € 63,608 | € 44,484 | ▼ 30% |
| Retained profit | € 244,457 | € 400,399 | € 445,848 | € 434,915 | ▼ 2% |
| Dividend | € 0 | € 25,000 | € 0 | € 0 | |
| Bank debt | € 724,011 | € 1,167,200 | € 1,616,948 | € 1,283,431 | ▼ 21% |
| Balance sheet total | € 5,116,440 | € 5,390,549 | € 9,565,779 | € 9,498,027 | ▼ 1% |
| Employees (FTE) | 0.7 | - | - | - |
Key figures of BLUESTONE, 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 BLUESTONE?
What happened at BLUESTONE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 10,933 (▼ € 56,383 vs 2024). Source: NBB ↗
- PAUL RANSART became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 52,151 profit in 2022 to € 10,933 loss in 2025.
Paid € 114,433 in corporate taxes since 2022.
Best year ever: 2023, with € 180,941 profit.
Paid out € 25,000 in dividends to the owners in total.
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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
Behind BLUESTONE is PAUL RANSART. It owns 99.5% of PARGEFI, 80% of PHARMANEXT, 51.4% of PALATINE, 50% of TAMIPHAR, 50% of LENANS and 31.3% of CITYPHAR itself.
Directors
According to the 2025 annual accounts
PAUL RANSART
Manager
Also active at: COMPAGNIE FINANCIERE ET IMMOBILIERE DE LA DYLE, PHARMACIE de BARRY, PALATINE, LENANS, IMMOLENANS, APOGREZ, ANCIAUX, LES PHARMACIES RURALES +15 more
since 2016
Establishments
Establishment units
Physical locations of this company
Solbossquare 30
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →PHARMANEXT same network
€ 485,409 gross margin · 2025
Association des copropriétaires de l'immeuble sis à Ixelles, square du Solbosch 30
A.C.P. SOLBOSCH 30 ACP
Société de Participations et de Gestion Financières et Immobilières same network
€ 8,605 revenue · 2025
Elisamed SNC - Cabinet de médecine générale et d'expertise médicale - Docteurs JM DUMONT et ML TEICHMANN
+1 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
- 0473.173.918
- VAT number
- BE 0473.173.918
- Registered office
- Solbossquare 30, 1050 Elsene
- Names & denominations
- BLUESTONE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 October 2000
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
Detailhandel in farmaceutische producten
Apothekers
Activiteiten van hoofdkantoren