Putseys
ActiveThe computed 12-month bankruptcy probability of Putseys is 1.7% (moderate). The 2025 annual accounts show equity of €154k and a net result of €23k. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 22% of 1291 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
81
/ 100
Excellent▲ +30 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-13
Solvency44▲+33
Growth52=
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.9 against 0.47 in 2024), but 81.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 1291 sector peers (2025).
NBB · sector comparisonPosition among 1291 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-11-2025, 27 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 · 5 filingsDeviation from the deadline
2025
27 d late
2024
251 d late
2023
30 d late
2022
2 d late
2021
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close15-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€154k▲ 17.5%
2024 · €131k
2021: €53k
2022: €91k
2023: €108k
2024: €131k
2021 → 2025
Total assets
€818k▲ 0.7%
2024 · €813k
2021: €77k
2022: €163k
2023: €814k
2024: €813k
2021 → 2025
Net result
€23k▲ 0.7%
2024 · €23k
2021: €43k
2022: €38k
2023: €18k
2024: €23k
2021 → 2025
Working capital
€97k
2024 · €-149k
2021: €47k
2022: €105k
2023: €-106k
2024: €-149k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€53k-€91k▲ 71.9%€108k▲ 19.3%€131k▲ 21.0%€154k▲ 17.5%
Operating result€43k-€59k▲ 37.3%€49k▼ 16.6%€31k▼ 37.5%€42k▲ 34.7%
Net result€43k-€38k▼ 11.3%€18k▼ 53.9%€23k▲ 30.0%€23k▲ 0.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 35% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €818k
Fixed assets
€614k▼ 9.7%
Current assets
€205k▲ 53.3%
Equity and liabilities €818k
Equity
€154k▲ 17.5%
Debt
€664k▼ 2.5%
The debt ratio falls from 83.9% to 81.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€99k▲
2024 · €88k
Cash flow
€80k▲
2024 · €80k
Solvency
18.8%▲
2024 · 16.1%
Current ratio
1.90▲
2024 · 0.47
Quick ratio
1.16▲
2024 · 0.27
Debt / equity
4.32▼
2024 · 5.20
ROE
14.9%▼
2024 · 17.4%
ROA
2.8%=
2024 · 2.8%
Interest coverage
7.47▲
2024 · 7.28
Debt
€664k▼
2024 · €682k
Debt ≤ 1 year
€108k▼
2024 · €282k
Debt > 1 year
€557k▲
2024 · €400k
Income taxes
€6k▲
2024 · €-4k
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€813k€818k▲
Fixed assets21/28€679k€614k▼
Tangible fixed assets22/27€679k€614k▼
Land and buildings22€577k€560k▼
Plant, machinery and equipment23€57k€20k▼
Furniture and vehicles24€45k€34k▼
Current assets29/58€134k€205k▲
Stocks and contracts in progress3€57k€80k▲
Stocks30/36€57k€80k▲
Amounts receivable within one year40/41€39k€45k▲
Trade receivables40€36k€43k▲
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€33k€74k▲
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€813k€818k▲
Equity10/15€131k€154k▲
Contributions10/11€10k€10k=
Reserves13-€144k
Distributable reserves133-€144k
Profit (loss) carried forward14€121k€0▼
Amounts payable17/49€682k€664k▼
Amounts payable after more than one year17€400k€557k▲
Financial debts170/4€400k€557k▲
Amounts payable within one year42/48€282k€108k▼
Current portion of amounts payable after more than one year42€40k€52k▲
Trade debts44€26k€31k▲
Suppliers440/4€26k€31k▲
Taxes, remuneration and social security45€12k€13k▲
Taxes450/3€12k€13k▲
Other amounts payable47/48€204k€12k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€57k▲
Other operating charges640/8€8k€8k▲
Gross operating margin9900€95k€107k▲
Operating profit (loss)9901€31k€42k▲
Financial income75/76B€331€65▼
Recurring financial income75€331€65▼
Financial charges65/66B€12k€13k▲
Recurring financial charges65€12k€13k▲
Profit (loss) for the period before taxes9903€19k€28k▲
Income taxes67/77€-4k€6k▲
Profit (loss) for the period9904€23k€23k▲
Profit (loss) for the period to be appropriated9905€23k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€121k€23k▼
Profit (loss) brought forward from the previous period14P€98k-
Transfer to equity691/2-€23k
To other reserves6921-€23k
The notes to these accounts (10 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
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 251 days late
31-03
Financial
Liquidity quadruplescurrent ratio 1.90
Current ratio from 0.47 to 1.90; short-term debt falls from €282k to €108k.
31-03
Financial
Equity above €150kEq €154k ▲17.5%
5 profitable years in a row build equity to €154k.
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
31-03
Financial
Weakest financial yearnet €18k ▼53.9%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
31-03
Financial
Equity above €100kEq €108k ▲19.3%
3 profitable years in a row build equity to €108k.
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · 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, Sint-Truiden · 1 establishment unit since 2019
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.
Ambachtslaan 52403800 Sint-TruidenGround area
2,874 m²
Building footprint
1,090 m²
Volume, LiDAR
6,546 m³
Parcel 71352D0930/00F014, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Putseys
since 20192.291.366.068
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352D0930/00F014 | Flanders | 2,874 m² | 1 · 1,090 m² | 7.9 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 212 EUR awarded · 212 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 30 EUR | 30 EUR |
| 2024 | 1 | 182 EUR | 182 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,705 companies in sector 33120 we hold annual accounts for 1,335. 1,131 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2019
Fiscal year end31-03
Activities, NACEBEL
33120Repair and maintenance of machinery
47820Retail sale of motor vehicle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.