Puzzles (0825.975.883): annual accounts, directors and company register

Puzzles

Ghent ·KBO/BCE: BE 0825.975.883

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%

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%	0.9%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.8%
9	3.0%	3.1%
10	5.6%	6.2%

Company
Puzzles Ghent	€131,172	€30,102	91.2%	-
J & S DESIGN Hasselt	€357,706	€83,637	64.9%	-
TEE COMME Juprelle	€653,611	€316,887	48.2%	-
SWYNEN MODEATELIER Antwerp	€378,162	€681,422	50.6%	-
Borduur Centrum België Sint-Niklaas	€285,448	€342,770	46.7%	-
NWS Belgium Soignies	€878,015	€252,178	31.5%	-
WATYPIQUE Waremme	€175,590	€10,887	22.3%	-

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Balance sheet: assets
`20/58`	131,172	110,616	82,460	59,546	45,392	88,000	129,985	180,233	149,262	170,650	137,396	121,582	113,681	127,393	109,002
`21/28`	6,920	6,308	7,913	657	4,736	20,192	35,647	56,210	57,454	19,563	41,130	43,474	57,018	68,480	48,162
`21`	-	-	-	-	-	-	-	-	-	-	-	3,226	13,209	23,191	32,264
`22/27`	6,920	6,308	7,913	657	4,736	20,192	35,647	56,210	57,454	19,563	41,130	40,248	43,810	45,289	15,898
`23`	-	-	-	-	-	-	-	424	1,141	758	7,440	14,158	8,650	10,550	6,580
`24`	6,263	5,651	7,256	-	4,079	18,935	33,790	51,909	50,417	13,229	25,535	22,454	30,364	32,082	9,318
`26`	657	657	657	657	657	1,257	1,857	3,877	5,896	5,575	8,155	3,636	4,795	2,657	-
`29/58`	124,251	104,308	74,548	58,889	40,656	67,808	94,338	124,024	91,808	151,087	96,266	78,108	56,663	58,913	60,840
`3`	-	-	-	-	14,154	14,154	14,154	14,154	14,154	14,154	14,279	14,279	10,801	11,751	11,751
`30/36`	-	-	-	-	14,154	14,154	14,154	14,154	14,154	14,154	14,279	14,279	10,801	11,751	11,751
`40/41`	11,246	55	12,126	23,591	2,650	8,941	12,583	12,731	14,482	21,954	15,702	6,166	13,082	20,764	25,216
`40`	11,050	0	12,100	23,539	2,650	1,295	2,372	6,505	7,371	7,621	12,680	4,997	8,359	12,957	16,939
`41`	196	55	26	51	-	7,646	10,211	6,226	7,111	14,334	3,023	1,169	4,723	7,807	8,276
`54/58`	112,599	103,880	62,403	35,280	21,885	42,671	64,947	94,626	60,602	112,366	62,882	54,622	30,421	23,472	22,942
`490/1`	407	373	19	19	1,968	2,042	2,655	2,513	2,571	2,613	3,403	3,041	2,359	2,926	932
Balance sheet: equity and liabilities
`10/49`	131,172	110,616	82,460	59,546	45,392	88,000	129,985	180,233	149,262	170,650	137,396	121,582	113,681	127,393	109,002
`10/15`	119,566	93,892	62,951	39,932	15,677	59,708	105,580	134,490	132,916	132,888	102,437	77,470	49,315	37,648	34,172
`10/11`	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000
`100`	-	-	-	-	-	-	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000
`101`	-	-	-	-	-	-	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000
`13`	104,566	96,049	119,490	119,490	119,490	119,490	119,490	119,490	117,916	117,888	87,437	62,470	34,315	22,648	19,172
`130/1`	-	-	-	2,000	2,000	2,000	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000
`1311`	-	-	-	2,000	2,000	2,000	-	-	-	-	-	-	-	-	-
`133`	104,566	96,049	119,490	117,490	117,490	117,490	117,490	117,490	115,916	115,888	85,437	60,470	32,315	20,648	17,172
`14`	0	-17,157	-71,540	-94,558	-118,813	-74,782	-28,910	-	-	-	-	-	-	-	-
`17/49`	11,606	16,723	19,509	19,614	29,715	28,291	24,405	45,743	16,346	37,762	34,959	44,113	64,366	89,746	74,830
`17`	-	-	-	-	-	-	-	-	-	-	-	13,063	31,449	52,665	42,678
`170/4`	-	-	-	-	-	-	-	-	-	-	-	13,063	31,449	52,665	42,678
`42/48`	11,606	16,723	19,509	19,614	29,715	28,291	23,155	44,990	16,096	37,512	34,709	31,049	32,902	37,081	32,152
`42`	-	-	-	-	-	-	-	-	-	-	13,063	18,400	21,146	20,347	14,363
`43`	-	-	-	-	-	2,230	28	-	-	-	-	-	144	58	-
`430/8`	-	-	-	-	-	2,230	28	-	-	-	-	-	144	58	-
`44`	407	2,448	1,207	854	10,009	6,435	7,151	30,345	2,571	3,227	4,408	1,619	3,121	12,758	7,652
`440/4`	407	2,448	1,207	854	10,009	6,435	7,151	30,345	2,571	3,227	4,408	1,619	3,121	12,758	7,652
`45`	2,870	4,866	3,818	3,962	7,006	8,168	8,257	10,886	11,525	34,284	16,798	7,000	4,853	2,418	8,597
`450/3`	2,870	4,866	3,818	2,462	1,484	1,018	-	995	2,090	26,128	11,116	5,038	4,853	2,418	8,597
`454/9`	-	-	-	1,500	5,522	7,151	8,257	9,891	9,435	8,156	5,682	1,962	-	-	-
`47/48`	8,329	9,410	14,484	14,799	12,701	11,459	7,720	3,759	2,000	1	440	4,031	3,638	1,500	1,541
`492/3`	-	-	-	-	-	-	1,250	753	250	250	250	-	15	-	-
Income statement
`76A`	-	0	4,132	23,070	-	-	-	826	5,882	-	-	-	-	-	-
`9900`	30,102	32,811	24,933	49,877	-3,329	-1,574	23,240	67,421	63,715	109,389	101,824	90,023	52,023	39,726	65,233
`62`	-	0	-51	19,796	20,012	23,256	25,386	35,275	34,063	26,537	25,545	4,345	-	-	-
`630`	2,115	1,605	770	-	15,455	15,455	20,563	21,641	20,260	21,567	25,762	30,149	26,974	26,402	28,277
`640/8`	610	592	826	2,098	1,377	1,370	1,708	1,335	2,191	1,360	1,266	1,130	1,410	788	399
`9901`	27,378	30,614	23,388	27,983	-40,174	-41,655	-24,416	9,169	7,201	59,924	49,252	54,399	23,638	12,537	36,557
`75/76B`	536	536	-	23	-	-	2	0	56	76	103	243	202	752	432
`75`	536	536	-	23	-	-	2	0	56	76	103	243	202	752	432
`65/66B`	235	209	369	3,202	3,257	3,578	3,888	4,540	5,120	5,357	5,874	6,650	7,293	5,834	8,135
`65`	235	209	369	3,202	3,257	3,578	3,888	4,540	5,120	5,357	5,874	6,650	7,293	5,834	8,135
`9903`	27,679	30,942	23,019	24,804	-43,431	-45,232	-28,302	4,629	2,136	54,643	43,481	47,992	16,547	7,455	28,853
`67/77`	2,005	-	-	550	600	640	608	3,055	2,108	24,192	18,514	19,837	4,880	2,479	7,731
`9904`	25,674	30,942	23,019	24,255	-44,031	-45,872	-28,910	1,574	28	30,451	24,967	28,155	11,668	4,976	21,122
`9905`	25,674	30,942	23,019	24,255	-44,031	-45,872	-28,910	1,574	28	30,451	24,967	28,155	11,668	4,976	21,122
Appropriation of the result
`9906`	8,517	-40,598	-71,540	-94,558	-118,813	-74,782	-28,910	1,574	28	30,451	24,967	28,155	11,668	4,976	21,122
`14P`	-17,157	-71,540	-94,558	-118,813	-74,782	-	-	-	-	-	-	-	-	-	-
`791/2`	0	23,441	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	8,517	-	-	-	-	-	-	1,574	28	30,451	24,967	28,155	11,668	3,476	19,172
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000
`6921`	8,517	-	-	-	-	-	-	1,574	28	30,451	24,967	28,155	11,668	3,476	17,172
`694/7`	-	-	-	-	-	-	-	-	-	-	-	-	-	1,500	1,950
`694`	-	-	-	-	-	-	-	-	-	-	-	-	-	1,500	1,950
Social balance sheet
`9087`	-	-	-	0.8	1	0.7	0.7	0.7	0.7	0.7	0.7	0.1	-	-	-
Hours worked`1013`	-	-	-	414	566	742	785	1,176	1,137	1,145	994	202	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	16-06-2026	2026-00163052	PDF
31-12-2024	micro format	16-06-2025	2025-00141033	PDF
31-12-2023	micro format	03-06-2024	2024-00108256	PDF
31-12-2022	micro format	03-07-2023	2023-00221350	PDF
31-12-2021	micro format	22-06-2022	2022-20101297	PDF
31-12-2020	micro format	30-08-2021	2021-59300370	PDF
31-12-2019	micro format	06-07-2020	2020-27200379	PDF
31-12-2018	micro format	13-05-2019	2019-13200005	PDF
31-12-2017	micro format	14-05-2018	2018-12800089	PDF
31-12-2016	micro format	24-07-2017	2017-34900367	PDF
31-12-2015	abbreviated format	30-08-2016	2016-50800227	PDF
31-12-2014	abbreviated format	22-06-2015	2015-19400536	PDF
31-12-2013	abbreviated format	10-08-2014	2014-42400153	PDF
31-12-2012	abbreviated format	11-07-2013	2013-29100478	PDF
31-12-2011	abbreviated format	08-06-2012	2012-15600307	PDF

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
29,492	32,219	24,158	-	-24,718	-26,199	-3,854	30,810	27,461	81,491	75,014	84,548	50,612	38,939	64,834
27,788	32,547	23,788	-	-28,575	-30,417	-8,348	23,215	20,288	52,018	50,729	58,304	38,642	31,378	49,399
2,727	0	8,025	-	0	0	0	20,397	58,151	0	23,417	16,605	15,512	46,721	76,439
8,719	41,478	27,123	13,395	-20,786	-22,276	-29,680	34,025	-51,764	49,483	8,260	24,201	6,949	530	-
112,646	87,585	55,038	39,275	10,941	39,516	71,183	79,034	75,712	113,575	61,557	47,059	23,761	21,832	28,688
91.2%	84.9%	76.3%	67.1%	34.5%	67.9%	81.2%	74.6%	89.0%	77.9%	74.6%	63.7%	43.4%	29.6%	31.3%
10.71	6.24	3.82	3.00	1.37	2.40	4.07	2.76	5.70	4.03	2.77	2.52	1.72	1.59	1.89
10.71	6.24	3.82	3.00	0.89	1.90	3.46	2.44	4.82	3.65	2.36	2.06	1.39	1.27	1.53
0.10	0.18	0.31	0.49	1.90	0.47	0.23	0.34	0.12	0.28	0.34	0.57	1.31	2.38	2.19
21.5%	33.0%	36.6%	60.7%	-280.9%	-76.8%	-27.4%	1.2%	0.0%	22.9%	24.4%	36.3%	23.7%	13.2%	61.8%
19.6%	28.0%	27.9%	40.7%	-97.0%	-52.1%	-22.2%	0.9%	0.0%	17.8%	18.2%	23.2%	10.3%	3.9%	19.4%
over 100	over 100	65.44	-	-7.59	-	-	-	-	-	-	-	-	-	-

Item	31-12-2022	31-12-2021
Employees at the balance-sheet date	-	1
part-time	-	1
in full-time equivalents	-	0.7
	0.6	0.7
On a permanent contract	-	1
Joined	0	-
Left	1	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€2,727	-	€8,025	-	-
Financial fixed assets	€0	-	-	-	-
	€2,115	€1,605	€770	-	€15,455

Overview

Lifetime

Key points

Turnover

Liquidity

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on Puzzles

Financials

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency91.2%

Current ratio10.71

Return on assets19.6%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on Puzzles

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Network & group

No group

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

in euro

in euro

91.2%

10.71

19.6%