Financials
- Financial year
- 2025
- Total assets
- €190,077
- Profit
- €46,542
- Solvency
- 18.9%
Total assets▲ 13.0%
Net result
20232025
Puzzle in a Bag
ActiveSummary
Puzzle in a Bag has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,911 and a net result of €46,542. Equity is growing by about 4% per year across the filed financial years. Its solvency ranks better than 30% of 781 sector peers (NACE 32, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Activity
Other manufacturing
NACE 32400
1 site
Size
≈ €240,000turnover 2025, estimated
- Equity
- €35,911
- Profit
- €46,542
Turnover estimated from the gross margin
Structure
- 12th manDirector · permanent representative VERNAILLEN Jan Jozef
- MCHNSDirector · permanent representative DAELEMANS Nick
- The BolokoDirector · permanent representative VERTESSEN Mathias
2025 accounts 29 days early
Why 66raises risk2 of the last 3 lateFounded in 2023lowers riskSector: Other manufacturing (NACE 32)Liquidity: current ratio 1.31, cash €29,310Show the evidence
Checked score
Score 2025
66
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 64% of its sector peers (NACE 32, micro)
Financial strength · tick = 2024
Strong
Solvency
44+25
equity 18.9% of total assets
Liquidity
49+9
short-term debt 42.1% · cash 15.4%
Profitability
99+99
return on assets 24.5%
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.8%
12-2024: 0.8%● unchanged vs 11-2024
01-2025: 0.7%▼ -0.1 percentage points vs 12-2024lowest value
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 1.1%▲ +0.4 percentage points vs 07-2025
09-2025: 1.5%▲ +0.4 percentage points vs 08-2025
10-2025: 4.1%▲ +2.6 percentage points vs 09-2025highest value
11-2025: 4.1%● unchanged vs 10-2025highest value
12-2025: 4.1%● unchanged vs 11-2025highest value
01-2026: 2.7%▼ -1.4 percentage points vs 12-2025
02-2026: 2.7%● unchanged vs 01-2026
03-2026: 2.7%● unchanged vs 02-2026
04-2026: 2.8%▲ +0.1 percentage points vs 03-2026
05-2026: 2.7%▼ -0.1 percentage points vs 04-2026
06-2026: 2.6%▼ -0.1 percentage points vs 05-2026
07-2026: 2.6%● unchanged vs 06-2026
08-2026: 1.2%▼ -1.4 percentage points vs 07-2026
09-2026: 1.2%● unchanged vs 08-2026
10-2026: 1.2%● unchanged vs 09-2026
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.31, compared with 0.45 in 2024, below the usual 1.5; short-term debt: 42.1% and cash: 15.4% of total assets), and 81.1% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 32, micro): better than 29% on solvency, 42% on liquidity, 86% on profitability and 98% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
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 02-07-2026, 29 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
29 days early
2024
50 days late
2023
68 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 30 days after the deadline; the sector median (NACE 32) for financial year 2024 is 2 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 September (3 of the last 3 filed years within 79 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €46,542
- Liquidity more than doubledcurrent ratio 1.31
Key points
By topic
Board & ownership
- Board
- 3 members
- 12th manDirector
- MCHNSDirector
- The BolokoDirector
Network & group
- Connected companies
- 2
Timeline
- Events
- 8
- Since
- 2023
- Next accounts
- by 31-07-2027
- 19-09-2025Annual accounts filed
- 31-12-2024Weakest financial year
- 07-10-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Other manufacturingNACE 32400
- Founded
- 24-10-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 9
- Annual meeting
- Third Tuesday of June at 17:00
- Purpose
- “Aan haar aandeelhouders een rechtstreeks of onrechtstreeks vermogensvoordeel uit te keren…” (deed in Dutch)
Key facts about Puzzle in a Bag
- What is the company number of Puzzle in a Bag?
- 1001.573.005. In Belgium the VAT number is the company number with BE in front: BE 1001.573.005.
- Where is Puzzle in a Bag based?
- The registered office is at Venusstraat 15, 2900 Schoten.Company details
- What does Puzzle in a Bag do?
- According to the KBO register, the main activity is other manufacturing (NACE 32400).
- What is the legal form of Puzzle in a Bag?
- Private limited company (BV).
- When was Puzzle in a Bag founded?
- On 24-10-2023.
- Is Puzzle in a Bag still active?
- Yes, Puzzle in a Bag is an active enterprise in the KBO register.
- What is the turnover of Puzzle in a Bag?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is Puzzle in a Bag profitable?
- In financial year 2025, Puzzle in a Bag made a profit of €46,542.
- Where can I find the annual accounts of Puzzle in a Bag?
- Puzzle in a Bag filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Puzzle in a Bag due?
- By 31-07-2027, for financial year 2026.Timeline
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