WHITESTONE GROUP

WHITESTONE GROUP

EEURONEXT:ROCK
18.60
EUR
-0.10
(-0.53%)
87.39MMarket Cap
2010 Y
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2021 Y
2022 Y
2023 Y
TTM
Revenue per Share
1,094.52
1,089.45
972.54
878.15
696.45
212.82
47.25
3.44
- -
- -
36.76
102.82
58.72
- -
Basic EPS, GAAP
25
25
1.9
-16
-38
-122
31.96
-56.19
-2.77
2.19
-0.53
-0.48
-0.22
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
273.25
284.67
279.66
257.22
218.1
65.76
133.59
77.4
4.63
6.82
5.64
6.7
6.35
10.81
Tangible Book Value per Share
272.72
284.14
278.83
256.83
215.22
63.64
131.13
77.4
4.63
6.82
2.7
3.97
4.39
10.8
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
2
2
4
5
Sales/Revenue/Turnover
31
33
30
27
21
6
1
- -
- -
- -
84
234
211
- -
Operating Margin (%)
0.86
2.59
2.47
-2.07
-13.53
28.34
67.33
-756.22
- -
- -
-0.93
0.07
0.44
- -
Depreciation Expense
2
2
- -
2
2
- -
- -
- -
- -
- -
- -
1
1
- -
Net Income, GAAP
1
1
- -
- -
-1
-4
1
-2
- -
- -
-1
-1
-1
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
32.96
- -
- -
119.17
- -
Profit Margin (%)
2.28
2.29
0.2
-1.82
-5.46
-57.33
67.65
-1,632.56
- -
- -
-1.44
-0.46
-0.38
- -
Working Capital
1
-1
-1
-2
-1
-1
1
3
- -
- -
6
6
5
27
LT Debt
5
4
3
2
2
1
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
8
9
8
8
7
2
4
2
- -
- -
12
15
14
74
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
36.94
- -
- -
-1.94
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
38.4
- -
- -
-8.92
- -
Return on Common Equity (%)
8.57
8.99
0.69
-6.06
-15.9
-85.88
32.07
-53.26
-6.76
38.33
-18.53
-7.73
-5.43
- -

Capital Structure

EUR

•

in mil. unless spec.
Jun'23
Dec'23
Jun'24
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2
2
7
Market Capitalization
26
24
87

Working Capital

EUR

•

in mil. unless spec.
Jun'23
Dec'23
Jun'24
Total Current Assets
3
9
27
Cash, Cash Equivalents & STI
3
6
27
Accounts Receivable, Net
- -
1
- -
Inventories
- -
1
- -
Total Current Liabilities
- -
4
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
568.95%
1,144.3%
-2.66%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
-323.51%
-449.27%
-25.76%
Sales/Revenue/Turnover
- -
- -
-9.76%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2022
- -
- -
234
2023
- -
- -
211
2024
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2022
- -
- -
-0.48
2023
- -
- -
-0.22
2024
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2022
- -
- -
- -
2023
- -
- -
- -
2024
- -
- -
- -

Company Description

CEO
Frédéric Francois Marie Jean Pouchain
Full Time Employees
11
Sector
Finance
Industry
Financial conglomerates
Address
Route de Genval, 32 Lasne WA Belgium 1380
IPO Date
Jun 15, 2006
Business
Whitestone Group SA operates as a diversified investment holding company focusing on four main sectors: Financial Services, Industrial, Technology, and Environmental. Its core activities encompass investment and management of subsidiaries engaged in physical gold and metals trading and storage via Gold & Forex International (GFI); precision machining and assembly services through Treestone and TKM Industries; ophthalmic lens metrology via Lambda-X Ophtalmics; and participations in technology and environmental companies such as Probiotic Group and Emulco Group. The company also undertakes investments in various innovation and impact-driven enterprises and offers services including asset protection and industrial technology solutions. Founded in 2010 and headquartered in Brussels, Belgium, Whitestone Group conducts operations primarily across Belgium and other European countries. Recent major developments include the acquisition of TKM Industries, a Liège-based metal machining and assembly company, through a €5.4 million capital increase, significantly expanding Treestone's footprint in the Belgian and European markets. The group also acquired a majority stake (69%) in Lambda-X Ophtalmics, enhancing its presence in global lens metrology. Additional strategic investments include minority stakes in Battri, a battery technology firm, and Probiotic Group, alongside the takeover of companies such as Evadix and ATIMA which strengthen the group's industrial and technological capabilities. These moves reflect Whitestone’s strategic expansion aimed at scaling its industrial portfolio and reinforcing its leadership in high-value manufacturing and technology sectors.