PUTTERS INTERNATIONAL
ActivePUTTERS INTERNATIONAL has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.31M and a net result of €1.45M. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 58% of 1831 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
94
/ 100
Excellent▼ -6 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency86▼-14
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 2.86 in 2024), but 53.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.7%
Return on assets
29.2%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €2.3M
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 · 10 filingsDeviation from the deadline
2025
53 d early
2024
44 d early
2023
70 d early
2022
41 d early
2021
38 d early
2020
31 d late
2019
54 d late
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.31M▲ 6.9%
2024 · €2.16M
2018: €2.16M
2019: €2.49M
2020: €2.50M
2021: €1.83M
2022: €2.05M
2023: €1.81M
2024: €2.16M
2018 → 2025
Total assets
€4.96M▲ 58.6%
2024 · €3.13M
2018: €3.52M
2019: €3.44M
2020: €3.23M
2021: €2.65M
2022: €3.05M
2023: €2.80M
2024: €3.13M
2018 → 2025
Net result
€1.45M▲ 31.5%
2024 · €1.10M
2018: €496k
2019: €447k
2020: €135k
2021: €149k
2022: €582k
2023: €1.02M
2024: €1.10M
2018 → 2025
Working capital
€1.92M▲ 12.9%
2024 · €1.70M
2018: €1.99M
2019: €2.21M
2020: €2.00M
2021: €1.47M
2022: €1.72M
2023: €1.54M
2024: €1.70M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.83M-€2.05M▲ 11.9%€1.81M▼ 11.4%€2.16M▲ 19.4%€2.31M▲ 6.9%
Operating result€202k-€752k▲ 272%€552k▼ 26.6%€733k▲ 32.8%€1.03M▲ 40.9%
Net result€149k-€582k▲ 292%€1.02M▲ 74.5%€1.10M▲ 8.5%€1.45M▲ 31.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 41% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.96M
Fixed assets
€426k▼ 16.1%
Current assets
€4.53M▲ 73.1%
Equity and liabilities €4.96M
Equity
€2.31M▲ 6.9%
Debt
€2.64M▲ 175%
The debt ratio rises from 30.7% to 53.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€1.15M▲
2024 · €871k
Cash flow
€1.56M▲
2024 · €1.24M
Solvency
46.7%▼
2024 · 69.3%
Current ratio
1.74▼
2024 · 2.86
Quick ratio
1.74▼
2024 · 2.86
Debt / equity
1.14▲
2024 · 0.44
ROE
62.6%▲
2024 · 50.9%
ROA
29.2%▼
2024 · 35.3%
Interest coverage
56.85▲
2024 · 50.71
Debt
€2.64M▲
2024 · €961k
Debt ≤ 1 year
€2.61M▲
2024 · €914k
Income taxes
€199k▲
2024 · €105k
Staff costs
€1.73M▲
2024 · €1.60M
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€3.13M€4.96M▲
Fixed assets21/28€508k€426k▼
Tangible fixed assets22/27€473k€391k▼
Land and buildings22€38k€28k▼
Plant, machinery and equipment23€41k€43k▲
Furniture and vehicles24€207k€131k▼
Other tangible fixed assets26€187k€189k▲
Financial fixed assets28€35k€35k=
Current assets29/58€2.62M€4.53M▲
Amounts receivable within one year40/41€1.01M€1.56M▲
Trade receivables40€963k€1.54M▲
Other amounts receivable41€44k€22k▼
Current investments50/53€1.58M€2.46M▲
Cash at bank and in hand54/58€8k€469k▲
Deferred charges and accrued income490/1€23k€37k▲
Equity and liabilities
Total equity and liabilities10/49€3.13M€4.96M▲
Equity10/15€2.16M€2.31M▲
Contributions10/11€149k€149k=
Capital10€149k€149k=
Issued capital100€149k€149k=
Reserves13€15k€15k=
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Profit (loss) carried forward14€2.00M€2.15M▲
Amounts payable17/49€961k€2.64M▲
Amounts payable within one year42/48€914k€2.61M▲
Trade debts44€385k€987k▲
Suppliers440/4€385k€987k▲
Taxes, remuneration and social security45€230k€288k▲
Taxes450/3€43k€100k▲
Remuneration and social security454/9€187k€188k▲
Other amounts payable47/48€300k€1.33M▲
Accrued charges and deferred income492/3€47k€36k▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.60M€1.73M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€138k€114k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€23k€0▼
Other operating charges640/8€44k€81k▲
Gross operating margin9900€2.54M€2.96M▲
Operating profit (loss)9901€733k€1.03M▲
Financial income75/76B€492k€636k▲
Recurring financial income75€492k€636k▲
Financial charges65/66B€17k€20k▲
Recurring financial charges65€17k€20k▲
Profit (loss) for the period before taxes9903€1.21M€1.65M▲
Income taxes67/77€105k€199k▲
Profit (loss) for the period9904€1.10M€1.45M▲
Profit (loss) for the period to be appropriated9905€1.10M€1.45M▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.75M€3.45M▲
Profit (loss) brought forward from the previous period14P€1.65M€2.00M▲
Profit to be distributed694/7€750k€1.30M▲
Return on contributions (dividend)694€450k€1.00M▲
Directors or managers695€300k€300k=
Social balance
Average headcount (FTE)908735.338.6▲
The notes to these accounts (15 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 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €1.45M ▲31.5%
Operating result €1.03M, net result €1.45M, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €2MEq €2.16M ▲19.4%
7 profitable years in a row build equity to €2.16M.
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2MEq €2.05M ▲11.9%
5 profitable years in a row build equity to €2.05M.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €135k ▼69.9%
Net result drops to €135k, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 54 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Zemst · 1 establishment unit since 1997
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.
Erasmuslaan 301804 Zemst1 establishment unit
Erasmuslaan 30, 1804 Zemst
since 19972.079.951.697
Recognitions · licences · registrations
Dual-learning approval
2 endedLegal Entity Identifier
8945002U2XE89XB2BA91
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Of 988 companies in sector 49420 we hold annual accounts for 446. 121 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-01-1997
Fiscal year end31-12
Activities, NACEBEL
49420Removal services
60241
49410Freight transport by road
82990Other business support services
88999Other social work without accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filings
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.