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PUFFS

Active
Private limited companyfounded 20179 yrs activeBoerenkrijglaan 159, 2260 Westerlo, BelgiumKBO/BCE: BE 0673.675.688
Summary

PUFFS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,951 and a net result of -€2,734. Equity is shrinking by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 32% of 11547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability19=
Solvency44▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
18.6%
Return on assets
-7.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2,734
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
on the day
2024
56 d late
2023
29 d late
2022
4 d early
2021
11 d early
2020
2 d early
2019
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 14 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
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 30 March 2017, PUFFS was incorporated.1 Total assets went from EUR 59,919 in 2018 to EUR 37,382 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€6,951▼ 28.2%
2024 · €9,684
Total assets
€37,382▼ 9.3%
2024 · €41,192
Net result
-€2,734▲ 8.1%
2024 · -€2,975
Working capital
€34,002▼ 5.1%
2024 · €35,814
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 46, Wholesale trade, 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
Line20212022202320242025
Operating result€11,666€10,623▼ 8.9%-€16,876-€2,109▲ 87.5%-€2,292▼ 8.7%
Net result€11,579within the sector's middle half€8,471within the sector's middle half▼ 26.8%-€18,848below the sector's middle half-€2,975within the sector's middle half▲ 84.2%-€2,734within the sector's middle half▲ 8.1%
Equity€23,036within the sector's middle half▲ 101%€31,507within the sector's middle half▲ 36.8%€12,659within the sector's middle half▼ 59.8%€9,684within the sector's middle half▼ 23.5%€6,951below the sector's middle half▼ 28.2%
Total assets€35,677below the sector's middle half▼ 25.9%€144,424within the sector's middle half▲ 305%€88,021within the sector's middle half▼ 39.1%€41,192below the sector's middle half▼ 53.2%€37,382below the sector's middle half▼ 9.3%
Debt€12,641▼ 65.6%€112,917▲ 793%€75,361▼ 33.3%€31,508▼ 58.2%€30,432▼ 3.4%
Working capital€23,059within the sector's middle half▲ 114%€31,507within the sector's middle half▲ 36.6%€28,037within the sector's middle half▼ 11.0%€35,814within the sector's middle half▲ 27.7%€34,002within the sector's middle half▼ 5.1%
Solvency64.6%within the sector's middle half▲ 40.8pp21.8%within the sector's middle half▼ 42.8pp14.4%within the sector's middle half▼ 7.4pp23.5%within the sector's middle half▲ 9.1pp18.6%within the sector's middle half▼ 4.9pp
Current ratio2.85within the sector's middle half▲ 1.551.28within the sector's middle half▼ 1.571.47within the sector's middle half▲ 0.197.66above the sector's middle half▲ 6.1911.06above the sector's middle half▲ 3.40
Return on assets (ROA)32.5%above the sector's middle half▲ 37.5pp5.9%within the sector's middle half▼ 26.6pp-21.4%below the sector's middle half▼ 27.3pp-7.2%below the sector's middle half▲ 14.2pp-7.3%below the sector's middle half▼ 0.1pp
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2021: €11,666€11,666Net result 2021: €11,579€11,579Operating result 2022: €10,623€10,623Net result 2022: €8,471€8,471Operating result 2023: -€16,876-€16,876Net result 2023: -€18,848-€18,848Operating result 2024: -€2,109-€2,109Net result 2024: -€2,975-€2,975Operating result 2025: -€2,292-€2,292Net result 2025: -€2,734-€2,73420212022202320242025-€20,000-€15,000-€10,000-€5,000€0Operating result 2023: -€16,876-€16,900Net result 2023: -€18,848-€18,800Operating result 2024: -€2,109-€2,110Net result 2024: -€2,975-€2,980Operating result 2025: -€2,292-€2,290Net result 2025: -€2,734-€2,730202320242025
The operating result stays negative: a loss of €2,292 in 2025 against €2,109 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €37,382
Equity €6,951 ▼ 28.2%
Debt €30,432 ▼ 3.4%
Debt's share of the balance-sheet total rises from 76.5% to 81.4%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Quick ratio
3.10▲
2024 · 2.28
Debt to equity
4.38▲
2024 · 3.25
ROE
-39.3%▼
2024 · -30.7%
Debt ≤ 1 year
€3,380▼
2024 · €5,379
Debt > 1 year
€26,652▲
2024 · €26,129
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,548 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a small loss
4.3% went bankrupt
3.9% stopped otherwise
91% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.

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 1,548 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 · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€41,192€37,382▼
Current assets29/58€41,192€37,382▼
Stocks and contracts in progress3€28,945€26,900▼
Stocks30/36€28,945€26,900▼
Amounts receivable within one year40/41€11,609€10,402▼
Trade receivables40€11,609€10,402▼
Cash at bank and in hand54/58€639€80▼
Equity and liabilities
Total equity and liabilities10/49€41,192€37,382▼
Equity10/15€9,684€6,951▼
Contributions10/11€18,600€18,600=
Reserves13€495€495=
Distributable reserves133€495€495=
Profit (loss) carried forward14-€9,411-€12,145▼
Amounts payable17/49€31,508€30,432▼
Amounts payable after more than one year17€26,129€26,652▲
Other amounts payable178/9€26,129€26,652▲
Amounts payable within one year42/48€5,379€3,380▼
Trade debts44€4,385€2,029▼
Suppliers440/4€4,385€2,029▼
Taxes, remuneration and social security45€643-
Taxes450/3€643-
Other amounts payable47/48€351€1,351▲
Accrued charges and deferred income492/3-€400
Income statement Code20242025
Other operating charges640/8€3,049€789▼
Gross operating margin9900€940-€1,503▼
Operating profit (loss)9901-€2,109-€2,292▼
Financial income75/76B-€134
Recurring financial income75-€134
Financial charges65/66B€866€575▼
Recurring financial charges65€866€575▼
Profit (loss) for the period before taxes9903-€2,975-€2,734▲
Profit (loss) for the period9904-€2,975-€2,734▲
Profit (loss) for the period to be appropriated9905-€2,975-€2,734▲
Appropriation of the result
Profit (loss) to be appropriated9906-€9,411-€12,145▼
Profit (loss) brought forward from the previous period14P-€6,436-€9,411▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€539€135----
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€25,067---
Other operating charges640/8€503€563€3,745€3,049€789▼ 74.1%
Gross operating margin9900€12,709€11,322€11,936€940-€1,503▼ 260%
Operating profit (loss)9901€11,666€10,623-€16,876-€2,109-€2,292▼ 8.7%
Financial income75/76B-€83€0-€134-
Recurring financial income75-€83€0-€134-
Financial charges65/66B€87€1,142€1,971€866€575▼ 33.6%
Recurring financial charges65€87€1,142€1,971€866€575▼ 33.6%
Profit (loss) for the period before taxes9903€11,579€9,564-€18,848-€2,975-€2,734▲ 8.1%
Income taxes67/77-€1,093----
Profit (loss) for the period9904€11,579€8,471-€18,848-€2,975-€2,734▲ 8.1%
Profit (loss) for the period to be appropriated9905€11,579€8,471-€18,848-€2,975-€2,734▲ 8.1%
Line20212022202320242025Change
Assets
Total assets20/58€35,677€144,424€88,021€41,192€37,382▼ 9.3%
Fixed assets21/28€135-----
Intangible fixed assets21€60-----
Tangible fixed assets22/27€75-----
Plant, machinery and equipment23€75-----
Current assets29/58€35,542€144,424€88,021€41,192€37,382▼ 9.3%
Stocks and contracts in progress3€29,929€85,755€51,870€28,945€26,900▼ 7.1%
Stocks30/36€29,929€85,755€51,870€28,945€26,900▼ 7.1%
Amounts receivable within one year40/41€3,733€37,991€33,622€11,609€10,402▼ 10.4%
Trade receivables40€3,733€37,991€33,622€11,609€10,402▼ 10.4%
Cash at bank and in hand54/58€1,880€20,678€2,529€639€80▼ 87.5%
Equity and liabilities
Total equity and liabilities10/49€35,677€144,424€88,021€41,192€37,382▼ 9.3%
Equity10/15€23,036€31,507€12,659€9,684€6,951▼ 28.2%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13€495€495€495€495€495=
Non-distributable reserves130/1€495€495€495---
Reserves not available under the articles1311€495€495----
Other1319--€495---
Distributable reserves133---€495€495=
Profit (loss) carried forward14€3,941€12,412-€6,436-€9,411-€12,145▼ 29.0%
Amounts payable17/49€12,641€112,917€75,361€31,508€30,432▼ 3.4%
Amounts payable after more than one year17--€15,378€26,129€26,652▲ 2.0%
Other amounts payable178/9--€15,378€26,129€26,652▲ 2.0%
Amounts payable within one year42/48€12,483€112,917€59,984€5,379€3,380▼ 37.2%
Trade debts44€2,087€7,936€4,971€4,385€2,029▼ 53.7%
Suppliers440/4€2,087€7,936€4,971€4,385€2,029▼ 53.7%
Taxes, remuneration and social security45€2,363€18,601€3,669€643--
Taxes450/3€2,363€18,601€3,669€643--
Other amounts payable47/48€8,033€86,380€51,344€351€1,351▲ 285%
Accrued charges and deferred income492/3€158---€400-
Line20212022202320242025Change
Profit (loss) for the period9904€11,579€8,471-€18,848-€2,975-€2,734▲ 8.1%
+ Depreciation and write-downs630€539€135----
Operating cash flow (approximation)€12,118€8,606-€18,848-€2,975-€2,734▲ 8.1%
Change in cash-€18,798-€18,150-€1,890-€559▲ 70.4%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
25-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial Liquidity times 5current ratio 7.66
Current ratio from 1.47 to 7.66; short-term debt falls from €59,984 to €5,379.
29-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial Weakest financial yearnet -€18,848
Net result drops to -€18,848, the lowest in the series; recovery starts the following year.
27-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Back to profitnet €11,579
Net result €11,579 after 2 loss-making years.
31-12
Financial Liquidity doublescurrent ratio 2.85
Current ratio from 1.29 to 2.85; short-term debt falls from €36,697 to €12,483.
29-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
30-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2019
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Westerlo · 1 establishment unit since 2017
seat establishment The establishment unit on the map
Ground area
564 m²
Building footprint
492 m²
Volume, LiDAR
2,231 m³
Parcel 13049B0876/00A000, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
BOOZE!!!
Boerenkrijglaan 159, 2260 WesterloWholesale of electrical household appliances and audio-video equipment
since 20172.262.971.594
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13049B0876/00A000 Flanders 564 m² 1 · 492 m² 8.2 m · 1 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. FILMHUIS 75%
  2. PUFFS

Highest known parent: FILMHUIS. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 1,173 companies in sector 46499 we hold annual accounts for 743. 173 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
Founded30-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
46499Wholesale of other household goods
E-invoicing
Reachable via Peppol
Peppol ID 0208:0673675688
Also 9925:BE0673675688
Registered 08-12-2025

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.