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PUIG BELUX

Active
Public limited companyfounded 199035 yrs activeInternationalelaan 55D, 1070 Anderlecht, BelgiumKBO/BCE: BE 0442.258.236
Summary

The computed 12-month bankruptcy probability of PUIG BELUX is 4.8% (elevated). The 2025 annual accounts show negative equity (-€466,347) and a net result of -€1.3m. Equity is shrinking by ~13% per year across the filed fiscal years. Its solvency ranks better than 6% of 6016 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
PUIG BELUXActiveChecked score 34/100
Risk analysis ReportCompare

Overview

Activity
Wholesale of perfume and cosmetics
NACE 46450NACE 51450
#3 company by staff growth in Anderlecht, Wholesale and retail trade sector1 site
Size
€31.9mturnover 2025
Staff
28.6 FTE
Equity
-€466,347
Loss
-€1.3m
Financial health
34 Weak Checked score 2025
Bankruptcy chance 12 m
4.8%
Structure
Parent
Puig International SA
Board
2 members
Accounts 45 d early2 of 37 deeds read
Why 34- Negative equity -€466,347- Loss of €1.3m (FY 2025)- Liquidity: current ratio 0.86- Founded in 1990Show the evidence

Checked score

Score 2025
34 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 3% of its sector peers (NACE 46, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 19-12
equity -6.3% of total assets
Liquidity 0=
short-term debt 105.6%
Profitability 3-61
return on assets -17.3%
Bankruptcy probability, 12 months
4.8% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,378 companies)
Last 24 months 11-2024: 0.8% 12-2024: 0.8%● 0.0% vs 11-2024 01-2025: 0.8%● 0.0% vs 12-2024 02-2025: 0.8%▼ -3.3% vs 01-2025 03-2025: 0.8%▼ -0.4% vs 02-2025 04-2025: 0.8%▼ -2.3% vs 03-2025 05-2025: 0.8%● 0.0% vs 04-2025 06-2025: 0.8%▲ +2.7% vs 05-2025 07-2025: 0.9%▲ +17.2% vs 06-2025 08-2025: 0.9%● 0.0% vs 07-2025 09-2025: 0.9%● 0.0% vs 08-2025 10-2025: 0.9%● 0.0% vs 09-2025 11-2025: 0.9%● 0.0% vs 10-2025 12-2025: 0.9%● 0.0% vs 11-2025 01-2026: 0.9%● 0.0% vs 12-2025 02-2026: 0.9%▼ -3.4% vs 01-2026 03-2026: 0.9%▼ -0.4% vs 02-2026 04-2026: 0.9%▼ -2.2% vs 03-2026 05-2026: 0.9%● 0.0% vs 04-2026 06-2026: 0.9%▲ +2.2% vs 05-2026 07-2026: 0.7%▼ -25.3% vs 06-2026lowest value 08-2026: 1.2%▲ +76.4% vs 07-2026 09-2026: 1.5%▲ +27.7% vs 08-2026 10-2026: 4.8%▲ +221% vs 09-2026highest value
  • Negative equity -€466,347 raises the probability
  • Loss of €1.3m (FY 2025) raises the probability
  • Liquidity: current ratio 0.86 raises the probability
  • Founded in 1990 raises the probability for this profile
No credit on open account
Liquidity short (current ratio 0.86 against 1.0 in 2024; short-term debt: 105.6% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, small). Better than this share of them on solvency 3%, liquidity 0%, profitability 4%, growth against the median 4%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity -€466,347
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €1.3m (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.86
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Founded in 1990
In the bankruptcy model this factor raises the probability for this profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€466,347
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
45 d early
2024
66 d early
2023
36 d early
2022
77 d late
2021
25 d early
2020
29 d early
2019
7 d early
← 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 19 days before 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 26 June (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 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
  1. Reappointments: Pilar Trabal (director) and Pablo…State Gazette act
  2. Annual accounts filedfiscal year 2025 · full…
  3. Weakest financial yearnet -€1.3m

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€466,347 View
  • Caution: From profit to loss in 2025after €780,525 in 2024 -€1.3m View
  • Caution: Among the weakest 5% on net resultsector median €114,682 · 5,959 companies -€1.3m View
  • Controlled by Puig International SAultimately: PUIG BRANDS S.A. parent View
  • New directorslatest change 16-06-2026 · 2 in office 2 joined View

By topic

Financials

Fiscal year
2025
Turnover
€31.9m
Loss
-€1.3m
Solvency
-6.3%
Turnover▼ 20.2%
Net result
20182025
Go to Financials

Timeline

Events
16
Since
2016
Next accounts
by 31-07-2027
  1. 30-06-2026Reappointments: Pilar Trabal (director) and Pablo Ayesta…
  2. 16-06-2026Annual accounts filed
  3. 31-12-2025Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale of perfume and cosmeticsNACE 46450
Founded
20-11-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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