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PlayPunk

Active
Private limited companyfounded 20224 yrs activeRue Saint-Léonard 511, 4000 Liège, BelgiumKBO/BCE: BE 0787.774.909
Summary

PlayPunk has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €195,862 and a net result of €220,036. Equity is growing by ~402% per year across the filed fiscal years. Its solvency ranks better than 42% of 164 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency64▲+59
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 1.85 against 0.76 in 2023; short-term debt: 51.6% and cash: 47.2% of total assets), but 61.4% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 40% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 28 June 2022, PlayPunk was incorporated as a Private limited company.1 Total assets went from EUR 3,021 in 2022 to EUR 507,479 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€220,036
2023 · -€25,701
Working capital
€222,426
2023 · -€34,284
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result-€5,139--€25,678▼ 400%€274,271
Net result-€5,139below the sector's middle half--€25,701below the sector's middle half▼ 400%€220,036within the sector's middle half
Equity€1,527below the sector's middle half--€24,174below the sector's middle half€195,862within the sector's middle half
Total assets€3,021below the sector's middle half-€118,513below the sector's middle half▲ 3,823%€507,479within the sector's middle half▲ 328%
Debt€1,494-€142,687▲ 9,451%€311,617▲ 118%
Working capital€597below the sector's middle half--€34,284below the sector's middle half€222,426within the sector's middle half
Solvency-20.4%below the sector's middle half38.6%within the sector's middle half▲ 59.0pp
Current ratio0.76below the sector's middle half1.85within the sector's middle half▲ 1.09
Return on assets (ROA)-21.7%below the sector's middle half43.4%above the sector's middle half▲ 65.0pp
above within below the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€100,000€0€100,000€200,000€300,000Operating result 2022: -€5,139-€5,139Net result 2022: -€5,139-€5,139Operating result 2023: -€25,678-€25,678Net result 2023: -€25,701-€25,701Operating result 2024: €274,271€274,271Net result 2024: €220,036€220,036202220232024-€100,000€0€100,000€200,000€300,000Operating result 2022: -€5,139-€5,140Net result 2022: -€5,139-€5,140Operating result 2023: -€25,678-€25,700Net result 2023: -€25,701-€25,700Operating result 2024: €274,271€274,000Net result 2024: €220,036€220,000202220232024
The operating result returns to profit in 2024: €274,271 after a loss of €25,678 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €507,479
Fixed assets €22,995 ▲ 127%
Current assets €484,484 ▲ 347%
Equity and liabilities €507,479
Equity €195,862
Debt €311,617
Debt finances 61.4% of the balance-sheet total.
Key figures and ratios
2024 value · change against 2023
EBITDA
€278,281▲
2023 · -€24,848
Cash flow
€224,046▲
2023 · -€24,871
Quick ratio
1.54▲
2023 · 0.76
Debt to equity
1.59▲
2023 · -5.90
ROE
112.3%
Interest coverage
453.97▲
2023 · -1080.35
Debt ≤ 1 year
€262,058▲
2023 · €142,687
Debt > 1 year
€0
Income taxes
€56,453
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,126 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.

  • Small
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.8% went bankrupt
1.9% stopped otherwise
97% still going

For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,126 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet Code20232024
Assets
Total assets20/58€118,513€507,479▲
Fixed assets21/28€10,110€22,995▲
Intangible fixed assets21€10,110€22,410▲
Tangible fixed assets22/27-€585
Furniture and vehicles24-€585
Current assets29/58€108,403€484,484▲
Stocks and contracts in progress3-€79,626
Stocks30/36-€79,626
Amounts receivable within one year40/41€10,552€159,023▲
Trade receivables40€9,346€158,491▲
Other amounts receivable41€1,206€532▼
Cash at bank and in hand54/58€94,097€239,632▲
Deferred charges and accrued income490/1€3,754€6,203▲
Equity and liabilities
Total equity and liabilities10/49€118,513€507,479▲
Equity10/15-€24,174€195,862▲
Contributions10/11€6,666€6,666=
Reserves13-€189,196
Distributable reserves133-€189,196
Profit (loss) carried forward14-€30,840-
Amounts payable17/49€142,687€311,617▲
Amounts payable after more than one year17-€0
Financial debts170/4-€0
Amounts payable within one year42/48€142,687€262,058▲
Current portion of amounts payable after more than one year42-€50,000
Trade debts44€11,435€42,887▲
Suppliers440/4€11,435€42,887▲
Taxes, remuneration and social security45€0€59,865▲
Taxes450/3-€59,865
Other amounts payable47/48€131,252€109,306▼
Accrued charges and deferred income492/3-€49,559
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€830€4,010▲
Other operating charges640/8€10€246▲
Gross operating margin9900-€24,838€278,527▲
Operating profit (loss)9901-€25,678€274,271▲
Financial income75/76B-€2,831
Recurring financial income75-€2,831
Financial charges65/66B€23€613▲
Recurring financial charges65€23€613▲
Profit (loss) for the period before taxes9903-€25,701€276,489▲
Income taxes67/77-€56,453
Profit (loss) for the period9904-€25,701€220,036▲
Profit (loss) for the period to be appropriated9905-€25,701€220,036▲
Appropriation of the result
Profit (loss) to be appropriated9906-€30,840€189,196▲
Profit (loss) brought forward from the previous period14P-€5,139-€30,840▼
Transfer to equity691/2-€189,196
To other reserves6921-€189,196

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20€830€4,010▲ 383%
Other operating charges640/8-€10€246▲ 2,360%
Gross operating margin9900-€5,119-€24,838€278,527▲ 1,221%
Operating profit (loss)9901-€5,139-€25,678€274,271▲ 1,168%
Financial income75/76B--€2,831-
Recurring financial income75--€2,831-
Financial charges65/66B-€23€613▲ 2,565%
Recurring financial charges65-€23€613▲ 2,565%
Profit (loss) for the period before taxes9903-€5,139-€25,701€276,489▲ 1,176%
Income taxes67/77--€56,453-
Profit (loss) for the period9904-€5,139-€25,701€220,036▲ 956%
Profit (loss) for the period to be appropriated9905-€5,139-€25,701€220,036▲ 956%
Line202220232024Change
Assets
Total assets20/58€3,021€118,513€507,479▲ 328%
Fixed assets21/28€930€10,110€22,995▲ 127%
Intangible fixed assets21€930€10,110€22,410▲ 122%
Tangible fixed assets22/27--€585-
Furniture and vehicles24--€585-
Current assets29/58€2,091€108,403€484,484▲ 347%
Stocks and contracts in progress3--€79,626-
Stocks30/36--€79,626-
Amounts receivable within one year40/41€617€10,552€159,023▲ 1,407%
Trade receivables40€100€9,346€158,491▲ 1,596%
Other amounts receivable41€517€1,206€532▼ 55.9%
Cash at bank and in hand54/58€877€94,097€239,632▲ 155%
Deferred charges and accrued income490/1€597€3,754€6,203▲ 65.2%
Equity and liabilities
Total equity and liabilities10/49€3,021€118,513€507,479▲ 328%
Equity10/15€1,527-€24,174€195,862▲ 910%
Contributions10/11€6,666€6,666€6,666=
Reserves13--€189,196-
Distributable reserves133--€189,196-
Profit (loss) carried forward14-€5,139-€30,840--
Amounts payable17/49€1,494€142,687€311,617▲ 118%
Amounts payable after more than one year17--€0-
Financial debts170/4--€0-
Amounts payable within one year42/48€1,494€142,687€262,058▲ 83.7%
Current portion of amounts payable after more than one year42--€50,000-
Trade debts44€250€11,435€42,887▲ 275%
Suppliers440/4€250€11,435€42,887▲ 275%
Taxes, remuneration and social security45-€0€59,865-
Taxes450/3--€59,865-
Other amounts payable47/48€1,244€131,252€109,306▼ 16.7%
Accrued charges and deferred income492/3--€49,559-
Line202220232024Change
Profit (loss) for the period9904-€5,139-€25,701€220,036▲ 956%
+ Depreciation and write-downs630€20€830€4,010▲ 383%
Operating cash flow (approximation)-€5,119-€24,871€224,046▲ 1,001%
Investment in fixed assets (approximation)--€10,010-€16,895▼ 68.8%
Change in cash-€93,220€145,535▲ 56.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial Back to profitnet €220,036
Net result €220,036 after 2 loss-making years.
31-12
Financial Liquidity doublescurrent ratio 1.85
Current ratio from 0.76 to 1.85.
31-12
Financial Equity above €150,000Eq €195,862
Equity rises from -€24,174 to €195,862.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial Weakest financial yearnet -€25,701
Net result drops to -€25,701, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
383 m²
Building footprint
125 m²
Volume, LiDAR
740 m³
Parcel 62810B0164/00M003, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
PLAYPUNK
Rue Saint-Léonard 511, 4000 LiègeManufacture of computer, electronic and optical products
since 20222.335.905.696
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62810B0164/00M003 Wallonia 383 m² 1 · 125 m² 7.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 338 companies in sector 32400 we hold annual accounts for 103. 69 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded28-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
32400Other manufacturing
26400Manufacture of computer, electronic and optical products
47640Retail sale of games and toys
58210Publishing activities
Contact
E-mail thomas@playpunk.com
Phone +32477254518
Phone 0477254518Liège
E-invoicing
Reachable via Peppol
Peppol ID 0208:0787774909
Registered 04-07-2022

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.