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 10 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 3.4 to 2.5.
Financials
Financial year 2025
SANDSTONE DEVELOPMENT from Etterbeek, company number BE0665587472, closed financial year 2025 with a result of € 91,638 after tax. For that financial year SANDSTONE DEVELOPMENT recorded a gross margin of € 436,240 and equity of € 117,634. Compared with financial year 2024, the result moved from € 171,139 to € 91,638. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ 117,634
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 91,638
▼ 46% vs 2024
Profit after tax over the fiscal year.
€ 221,921
▲ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 80,000 paid out
87 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
2.5
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 142,722
▲ 1% vs 2024
€ 57,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 7,655
▼ 11% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.7 million
▼ 35% vs 2024
Loans from banks and other lenders, long and short.
€ 243,689
▼ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,766
▼ 91% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 293,197 | € 486,205 | € 719,627 | € 436,240 | ▼ 39% |
| Profit after taxes | € 73,109 | € 3,880 | € 171,139 | € 91,638 | ▼ 46% |
| Equity | € 20,977 | € 24,857 | € 105,996 | € 117,634 | ▲ 11% |
| Total debts | € 5,151,436 | € 8,277,355 | € 6,367,693 | € 3,733,361 | ▼ 41% |
| Cash | € 347,515 | € 363,263 | € 111,603 | € 221,921 | ▲ 99% |
| Retained profit | € 14,777 | € 18,657 | € 99,796 | € 111,434 | ▲ 12% |
| Dividend | € 80,000 | € 0 | € 90,000 | € 80,000 | ▼ 11% |
| Bank debt | € 2,621,159 | € 4,136,466 | € 2,626,810 | € 1,694,452 | ▼ 35% |
| Balance sheet total | € 5,172,413 | € 8,302,212 | € 6,473,689 | € 3,875,995 | ▼ 40% |
| Employees (FTE) | 1.8 | 3.4 | 3.1 | 2.5 | ▼ 0.6 |
Key figures of SANDSTONE DEVELOPMENT, 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 SANDSTONE DEVELOPMENT?
What happened at SANDSTONE DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 91,638 (▼ 46% vs 2024). filed late Source: NBB ↗
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 73,109 profit in 2022 to € 91,638 profit in 2025.
Paid € 23,371 in corporate taxes since 2022.
Best year ever: 2024, with € 171,139 profit.
On average € 174,500 of value added per employee in 2025.
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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 SANDSTONE DEVELOPMENT are SANDSTONE SRL and REALSTONE SRL. The same people are also behind GLOBALTY REAL ESTATE and RENOVASTYL. SANDSTONE SRL is also behind Financiére GALILEE and CORVEST.
Directors
According to the 2025 annual accounts
Administrator-manager · represented by Philippe de WOUTERS d'OPLINTER
Also active at: Financiére GALILEE, CORVEST, GLOBALTY REAL ESTATE, RENOVASTYL
Administrator-manager · represented by Guillaume NYST
Also active at: GLOBALTY REAL ESTATE, RENOVASTYL
Establishments
Establishment units
Physical locations of this company
Hoornstraat 191
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
PLANETHOSTER-8 - PlanetHoster, CA
Website info
Features
Security
Details
- Company number
- 0665.587.472
- VAT number
- BE 0665.587.472
- Registered office
- Hoornstraat 191, 1040 Etterbeek
- Names & denominations
- SANDSTONE DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 October 2016
- Peppol
- Active · Active since 21 Nov 2025
- Contact
- sandstonedevelopment.be
- Activities · NACE
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