PUPPY EXPLOITATION
ActiveThe computed 12-month bankruptcy probability of PUPPY EXPLOITATION is 2.5% (moderate). The 2025 annual accounts show equity of €306k and a net result of €-2k. Equity remains stable across the filed fiscal years (±0.9% per year). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36=
Solvency84=
Growth32=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 75.7 against 43.64 in 2024; short-term debt: 0% and cash: 1.1% of total assets), and 40.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 dateAge against the risk zone
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 08-06-2026, 53 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
53 d early
2024
44 d early
2023
64 d early
2022
66 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-2k▲ 10.2%
2024 · €-3k
2022: €14k
2023: €-4k
2024: €-3k
2022 → 2025
Working capital
€6k▼ 28.7%
2024 · €8k
2022: €14k
2023: €11k
2024: €8k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€315k-€311k▼ 1.2%€308k▼ 0.8%€306k▼ 0.7%
Operating result€-9k-€-4k▲ 57.7%€-2k▲ 43.5%€-2k▲ 12.9%
Net result€14k-€-4k€-3k▲ 30.5%€-2k▲ 10.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €2k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €517k
Fixed assets
€511k=
Current assets
€6k▼ 29.4%
Equity and liabilities €517k
Equity
€306k▼ 0.7%
Debt
€211k▼ 0.1%
The debt ratio rises from 40.6% to 40.8%. Equity and debt are lower.
Key figures and ratios
Solvency
59.2%▼
2024 · 59.4%
Current ratio
75.70▲
2024 · 43.64
Quick ratio
75.70▲
2024 · 43.64
Debt / equity
0.69▲
2024 · 0.68
ROE
-0.8%▲
2024 · -0.8%
ROA
-0.4%▲
2024 · -0.5%
Debt
€211k▼
2024 · €211k
Debt ≤ 1 year
€76▼
2024 · €187
Debt > 1 year
€211k=
2024 · €211k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€519k€517k▼
Fixed assets21/28€511k€511k=
Financial fixed assets28€511k€511k=
Current assets29/58€8k€6k▼
Cash at bank and in hand54/58€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€519k€517k▼
Equity10/15€308k€306k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€212k€212k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€205k€205k=
Profit (loss) carried forward14€35k€33k▼
Amounts payable17/49€211k€211k▼
Amounts payable after more than one year17€211k€211k=
Other amounts payable178/9€211k€211k=
Amounts payable within one year42/48€187€76▼
Financial debts43€75€76▲
Credit institutions430/8€75€76▲
Trade debts44€112-
Suppliers440/4€112-
Income statement
Code20242025
Other operating charges640/8€472€487▲
Gross operating margin9900€-2k€-1k▲
Operating profit (loss)9901€-2k€-2k▲
Financial charges65/66B€524€525▲
Recurring financial charges65€524€525▲
Profit (loss) for the period before taxes9903€-3k€-2k▲
Profit (loss) for the period9904€-3k€-2k▲
Profit (loss) for the period to be appropriated9905€-3k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€35k€33k▼
Profit (loss) brought forward from the previous period14P€38k€35k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-4k ▼126%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 8current ratio 47.44
Current ratio from 6.25 to 47.44; short-term debt falls from €3k to €227.
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Rixensart · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Cerf 851332 RixensartGround area
5,298 m²
Building footprint
313 m²
Volume, LiDAR
2,218 m³
Parcel 25033A0627/00F000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Cerf 85, 1332 Rixensart
since 20222.327.615.661
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25033A0627/00F000 | Wallonia | 5,298 m² | 1 · 313 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-01-2022
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.