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 63 % of short-term debt in 2026; threshold 65 %.
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Busy address KBO
49 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2026
Alphastone from Brussel, company number BE0630751705, closed financial year 2026 with a result of € 417,529 after tax. For that financial year Alphastone recorded a gross margin of € -336,657 and equity of € 785,785. Compared with financial year 2025, the result moved from € 780,030 to € 417,529. The company is profitable. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 20, 2026.
€ 785,785
▼ 9% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 417,529
▼ 46% vs 2025
Profit after tax over the fiscal year.
€ 974,991
▼ 79% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 500,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2026
0.4
Average over the fiscal year, from the social balance sheet.
€ 15,586
▼ 20% vs 2025
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2,752
▼ 67% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 31.4 million
▲ 17% vs 2025
Loans from banks and other lenders, long and short.
€ 5,162
▼ 79% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 35,933
▲ € 28,266 vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € -293,314 | € -338,254 | € -364,198 | € -336,657 | ▲ € 27,542 |
| Profit after taxes | € 3,534,402 | € 1,283,934 | € 780,030 | € 417,529 | ▼ 46% |
| Equity | € 4,054,292 | € 1,338,226 | € 868,256 | € 785,785 | ▼ 9% |
| Total debts | € 16,681,100 | € 27,359,760 | € 29,614,708 | € 33,346,727 | ▲ 13% |
| Cash | € 5,747,179 | € 2,692,892 | € 4,718,324 | € 974,991 | ▼ 79% |
| Retained profit | € 4,035,692 | € 1,317,766 | € 847,796 | € 765,325 | ▼ 10% |
| Dividend | € 2,000,000 | € 4,000,000 | € 1,250,000 | € 500,000 | ▼ 60% |
| Bank debt | € 13,563,000 | € 24,369,000 | € 26,774,000 | € 31,373,000 | ▲ 17% |
| Balance sheet total | € 20,735,392 | € 28,697,986 | € 30,482,964 | € 34,132,512 | ▲ 12% |
| Employees (FTE) | - | 0.4 | 0.4 | 0.4 |
Key figures of Alphastone, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to Alphastone?
What happened at Alphastone in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 417,529 (▼ 46% vs 2025). Source: NBB ↗
- Next Stone Capital BV became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 3.5 million profit in 2023 to € 417,529 profit in 2026.
Paid € 111,580 in corporate taxes since 2023.
Best year ever: 2023, with € 3.5 million profit.
Paid out € 7.8 million in dividends to the owners in total.
Management
The stake of KWINTIX comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AlphastoneBehind Alphastone is Next Stone Capital BV. The shares are held by KWINTIX (20%). It owns 100% of RESIDENCE K, 100% of THE EDGE, 50% of CENTRAL GARDENS, 50% of AEGIDIUM, 50% of LASTLINK PROPERTIES and 50% of FLORA itself.
Directors
According to the 2026 annual accounts
Director
since 2022
Shareholders
20%
Participations
100%
100%
50%
50%
50%
50%
33.3%
15%
6.8%
Establishments
Establishment units
Physical locations of this company
Louizalaan 222
1050 Brussel
Bisschopsstraat 26
1000 Brussel
Active since 21 May 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 49 companies are registered at this address.
All companies at this address →SPHERE BELGIUM
€ 207,431 gross margin · 2025
WIMBO GESTION
€ 13,021 gross margin · 2024
ULTIMMO
€ -10,739 gross margin · 2024
B & S Associates
JEAN - PAUL HORDIES
+44 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
- 0630.751.705
- VAT number
- BE 0630.751.705
- Registered office
- Louizalaan 222, 1050 Brussel
- Names & denominations
- Alphastone · alphastone investments, alpha stone Investments, alpha stone invest, alpha stone Real Estate, ASRE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 May 2015
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Activiteiten van holdings
Holdings
Ontwikkeling van niet-residentiële bouwprojecten
Activiteiten van hoofdkantoren
Handel in eigen onroerend goed