PUTZEYS & CO
ActiveSummary
PUTZEYS & CO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.1m and a net result of €557,799. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 72% of 1008 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
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Signals
This company filed its last 7 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 31,370 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €49,153 | €44,798 | €41,686 | €36,691 | €36,425 | ▼ 0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €268,901 | €282,278 | €288,735 | €288,866 | €293,986 | ▲ 1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €3,880 | - | - | - | - | - |
| Other operating charges640/8 | €80,873 | €88,063 | €94,297 | €86,931 | €86,338 | ▼ 0.7% |
| Non-recurring operating charges66A | - | - | - | - | €5,311 | - |
| Gross operating margin9900 | €946,249 | €957,650 | €873,471 | €1.0m | €1.1m | ▲ 10.3% |
| Operating profit (loss)9901 | €543,443 | €542,511 | €448,753 | €592,607 | €686,856 | ▲ 15.9% |
| Financial income75/76B | €534,430 | €147,647 | €298,248 | €213,583 | €456,800 | ▲ 114% |
| Recurring financial income75 | €534,430 | €147,647 | €298,248 | €213,583 | €456,800 | ▲ 114% |
| Financial charges65/66B | €427,436 | €179,729 | €206,393 | €162,294 | €279,552 | ▲ 72.2% |
| Recurring financial charges65 | €427,436 | €179,729 | €206,393 | €162,294 | €271,186 | ▲ 67.1% |
| Non-recurring financial charges66B | - | - | - | - | €8,365 | - |
| Profit (loss) for the period before taxes9903 | €650,436 | €510,428 | €540,609 | €643,896 | €864,105 | ▲ 34.2% |
| Transfer from deferred taxes780 | €1,651 | - | - | - | - | - |
| Income taxes67/77 | €282,343 | €269,723 | €250,711 | €245,608 | €306,306 | ▲ 24.7% |
| Profit (loss) for the period9904 | €369,744 | €240,705 | €289,898 | €398,287 | €557,799 | ▲ 40.0% |
| Transfer from tax-exempt reserves789 | €251,351 | €231,400 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €621,096 | €472,105 | €289,898 | €398,287 | €557,799 | ▲ 40.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.5m | €10.7m | €11.0m | €10.3m | €7.9m | ▼ 22.8% |
| Fixed assets21/28 | €7.2m | €7.0m | €6.8m | €6.6m | €6.4m | ▼ 2.3% |
| Tangible fixed assets22/27 | €7.2m | €7.0m | €6.8m | €6.6m | €6.4m | ▼ 2.3% |
| Plant, machinery and equipment23 | €746 | €654 | €3,482 | €2,710 | €737 | ▼ 72.8% |
| Furniture and vehicles24 | €39,152 | €51,214 | €46,290 | €50,726 | €47,809 | ▼ 5.8% |
| Other tangible fixed assets26 | €7.1m | €7.0m | €6.8m | €6.5m | €6.4m | ▼ 2.3% |
| Financial fixed assets28 | €567 | €567 | €567 | €567 | €567 | = |
| Current assets29/58 | €3.3m | €3.7m | €4.1m | €3.7m | €1.5m | ▼ 59.2% |
| Amounts receivable after more than one year29 | €5,000 | €2,500 | €2,500 | €2,500 | - | - |
| Other amounts receivable291 | €5,000 | €2,500 | €2,500 | €2,500 | - | - |
| Amounts receivable within one year40/41 | €406,594 | €244,855 | €206,051 | €202,211 | €295,631 | ▲ 46.2% |
| Trade receivables40 | €330,180 | €208,913 | €167,154 | €191,910 | €285,692 | ▲ 48.9% |
| Other amounts receivable41 | €76,414 | €35,942 | €38,896 | €10,300 | €9,940 | ▼ 3.5% |
| Current investments50/53 | €1.9m | €2.1m | €3.1m | €3.1m | €513,795 | ▼ 83.3% |
| Cash at bank and in hand54/58 | €942,814 | €1.3m | €818,249 | €394,918 | €684,740 | ▲ 73.4% |
| Deferred charges and accrued income490/1 | €31,294 | €8,862 | €10,786 | €16,222 | €15,474 | ▼ 4.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.5m | €10.7m | €11.0m | €10.3m | €7.9m | ▼ 22.8% |
| Equity10/15 | €7.6m | €7.9m | €8.2m | €4.5m | €5.1m | ▲ 12.4% |
| Contributions10/11 | €3.1m | €3.1m | €3.1m | €19,600 | €19,600 | = |
| Reserves13 | €4.0m | €4.4m | €4.7m | €4.0m | €4.6m | ▲ 13.8% |
| Non-distributable reserves130/1 | €308,147 | €308,147 | €308,147 | €308,147 | €308,147 | = |
| Reserves not available under the articles1311 | €308,147 | €308,147 | €308,147 | €308,147 | €308,147 | = |
| Tax-exempt reserves132 | €279,635 | - | - | - | - | - |
| Distributable reserves133 | €3.4m | €4.1m | €4.3m | €3.7m | €4.3m | ▲ 15.0% |
| Profit (loss) carried forward14 | €535,083 | €469,089 | €469,987 | €470,274 | €471,073 | ▲ 0.2% |
| Provisions and deferred taxes16 | €23,757 | - | - | - | - | - |
| Deferred taxes168 | €23,757 | - | - | - | - | - |
| Amounts payable17/49 | €2.9m | €2.8m | €2.7m | €5.7m | €2.8m | ▼ 50.4% |
| Amounts payable after more than one year17 | €1.0m | €964,323 | €163,904 | €125,847 | €87,353 | ▼ 30.6% |
| Financial debts170/4 | €1.0m | €964,323 | €161,484 | €123,427 | €84,933 | ▼ 31.2% |
| Other amounts payable178/9 | - | - | €2,420 | €2,420 | €2,420 | = |
| Amounts payable within one year42/48 | €1.6m | €1.6m | €2.3m | €5.6m | €2.7m | ▼ 51.4% |
| Current portion of amounts payable after more than one year42 | €63,338 | €66,465 | €802,839 | €38,056 | €38,495 | ▲ 1.2% |
| Trade debts44 | €13,717 | €21,287 | €30,346 | €48,131 | €25,877 | ▼ 46.2% |
| Suppliers440/4 | €13,717 | €21,287 | €30,346 | €48,131 | €21,034 | ▼ 56.3% |
| Bills of exchange payable441 | - | - | - | - | €4,843 | - |
| Advances received on contracts in progress46 | €105,000 | €108,000 | €114,000 | €119,000 | €125,000 | ▲ 5.0% |
| Taxes, remuneration and social security45 | €147,843 | €119,919 | €70,406 | €46,813 | €34,142 | ▼ 27.1% |
| Taxes450/3 | €142,877 | €115,262 | €65,982 | €42,707 | €29,628 | ▼ 30.6% |
| Remuneration and social security454/9 | €4,966 | €4,657 | €4,424 | €4,106 | €4,514 | ▲ 9.9% |
| Other amounts payable47/48 | €1.2m | €1.2m | €1.3m | €5.3m | €2.5m | ▼ 53.3% |
| Accrued charges and deferred income492/3 | €273,389 | €291,509 | €263,772 | €36,986 | €47,977 | ▲ 29.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €369,744 | €240,705 | €289,898 | €398,287 | €557,799 | ▲ 40.0% |
| + Depreciation and write-downs630 | €268,901 | €282,278 | €288,735 | €288,866 | €293,986 | ▲ 1.8% |
| Operating cash flow (approximation) | €638,645 | €522,983 | €578,633 | €687,153 | €851,785 | ▲ 24.0% |
| Investment in fixed assets (approximation) | - | -€152,046 | -€53,630 | -€46,328 | -€141,804 | ▼ 206% |
| Change in cash | - | €354,299 | -€478,864 | -€423,331 | €289,822 | ▲ 168% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
21-08
State Gazette act
RestructuringMerger · Capital · Shareholding28 facts ▸
- Merger, absorption, articles 12:50 et suivants du CSA
- Capital, €125.000
- Shareholding, 30-06-2026
- Capital, €327.746,53
- Shareholding, 30-06-2026
- Declaration, share status, actions entièrement libérées, aucun certificat émis, aucun droit de gage ou autre charge
- Declaration, securities, aucune autre valeur mobilière émise que les actions composant le capital social
- Declaration, employment, aucun employé à la Date de Réalisation
- Director in office, Caroline de Menten de Horne (director)
- Director in office, Didier Putzeys (director)
- Director in office, Caroline de Menten de Horne (director)
- Other statement, no purpose modification required, purpose of absorbing company is sufficiently broad to cover activities of absorbed company
- +16 further facts in this act
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
2 establishment units
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322C0100/00W000 | Flanders | 3,788 m² | 1 · 285 m² | 10.9 m · 2 fl. |
| 21526D0272/00W003 | Brussels | 362 m² | 1 · 175 m² | 16.1 m · 4 fl. |
Linked by address, not proof of ownership
Articles of association
Full purpose (8 activities)
- Exercice de la profession d'avocat par un avocat (ou des avocats) inscrit(s) à l'un des Ordres des avocats belges ou étrangers, à la liste des stagiaires, à la liste des avocats communautaires ou à la liste des membres associés, et par les avocats ou sociétés d'avocats avec qui il peut s'associer conformément au règlement de l'Ordre des barreaux francophones et néerlandophones
- Toutes activités comme l'intervention en tant qu'arbitre, mandataire judiciaire, liquidateur, curateur, administrateur, titulaire de cours dans l'enseignement, la publication d'articles ou de livres, l'exercice d'activités de consultance externe, à l'exclusion de toute activité qui n'est pas compatible avec le statut d'avocat
- Exercer cette activité pour le compte d'une autre société d'avocats
- Participer à la gestion d'une telle société et en acquérir les parts
- Se grouper ou s'associer avec d'autres avocats, groupements, associations ou sociétés d'avocats pour s'organiser avec ceux-ci, partager les frais et services communs destinés à assurer l'exercice de leur profession, et cela tant en Belgique qu'à l'étranger
- Entreprendre, soit seule, soit avec d'autres, directement ou indirectement, pour son compte ou pour compte de tiers, toutes opérations mobilières, immobilières ou financières se rattachant directement ou indirectement à l'exercice de la profession, ou pouvant contribuer à son développement
- Prendre une participation ou s'intéresser par toute autre voie dans ou coopérer avec d'autres sociétés ou associations d'avocats, tant en Belgique qu'à l'étranger
- Investir dans des biens immeubles bâtis ou non bâtis, grâce à ses moyens propres ou éventuellement par le recours à des emprunts, ainsi que gérer, exploiter, valoriser lesdits biens, notamment par l'achat, la vente, la location, la mise à disposition, la concession des droits réels, la construction, la transformation et la rénovation
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionCapital and shareholders
- Didier Putzeys all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 21-08-2026 Capital stated in the act · 327,746.53 EUR · 150 shares
Recognitions · licences · registrations
Legal Entity Identifier
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Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
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