ACTIVE

PUZZL

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Financial year 2025 · closed on 31/03/2025
Net result
12,5 k €
+1.5% YoY
Gross margin
19,9 k €
+16.3% YoY
Equity
16,4 k €
+201.5% YoY

What does PUZZL do?

PUZZL is a Private limited company incorporated in 2011. Its main activity is: Specialised design activities. Its registered office is in Deerlijk.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0837.923.315
Incorporation
06/07/2011
Legal form
Private limited company
Registered office
De Spijker 12
8540 Deerlijk · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/03/2025
Activities (NACE)
74103Specialised design activities· main74120Specialised design activities70200Management consultancy activities70220Business and other management consultancy activities
Contacts
3 public details availableLog in to view
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin19,9 k €17,1 k €6,2 k €-3,6 k €-4,9 k €3,8 k €7,3 k €-5,5 k €-12,5 k €6,3 k €8,8 k €656,8 €392,8 €
EBITDA19 k €16,2 k €5,6 k €-5 k €-5,4 k €3,3 k €6,7 k €-6 k €-13,1 k €5,6 k €8,3 k €207 €-397,2 €
Operating result17,1 k €14,5 k €4 k €-5,7 k €-6 k €2,9 k €6,3 k €-6 k €-13,3 k €4,9 k €8 k €-182,6 €-1,1 k €
Net result12,5 k €12,3 k €3,7 k €-5,9 k €-6,3 k €2,1 k €5,7 k €-6,5 k €-13,4 k €2,8 k €6,2 k €-231,1 €-1,2 k €
Balance sheet
Equity16,4 k €5,4 k €-6,8 k €-10,6 k €-4,7 k €1,6 k €-451,6 €-6,2 k €300,3 €13,7 k €11 k €4,8 k €5 k €
Total assets62,3 k €50,5 k €29,1 k €41,7 k €29,1 k €36,2 k €40,1 k €29 k €22,2 k €55,9 k €37,7 k €15,7 k €9,6 k €
Cash36,1 k €22,5 k €13,7 k €10 k €7,7 k €10,5 k €3,6 k €10,4 k €4,8 k €22,3 k €1,6 k €4,7 k €5,7 k €
Debts45,7 k €44,9 k €35,7 k €52,1 k €33,6 k €34,4 k €40,3 k €34,9 k €21,7 k €41,9 k €26,1 k €10,9 k €4,6 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 2 ended

Active mandates

CHICA BARTSOEN

Director · since 06 juillet 2011

Active
KRIS DE BONDT

Director · since 06 juillet 2011

Active

Ended mandates

CHICA BARTSOEN

Manager · since 06 juillet 2011

Ended
KRIS DE BONDT

Manager · since 06 juillet 2011

Ended
At this address

Other companies at this address

CompanyCBE no.
BJP-Groep● Active
0462.332.583
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/04/202401/04/202301/04/202201/04/202101/04/202001/04/2019
Closing of the financial year31/03/202531/03/202431/03/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/09/202520/09/202424/09/202316/09/202229/10/202123/09/2020
General meeting19/09/202520/09/202415/09/202316/09/202225/10/202118/09/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/03/202519/09/202523/09/2025DutchPDF
Micro model31/03/202420/09/202420/09/2024DutchPDF
Micro model31/03/202315/09/202324/09/2023DutchPDF
Micro model31/03/202216/09/202216/09/2022DutchPDF
Micro model31/03/202125/10/202129/10/2021DutchPDF
Micro model31/03/202018/09/202023/09/2020DutchPDF
Micro model31/03/201920/09/201927/09/2019DutchPDF
Micro model31/03/201829/10/201830/10/2018DutchPDF
Micro model31/03/201715/09/201731/10/2017DutchPDF
Abridged model31/03/201616/09/201616/09/2016DutchPDF
Abridged model31/03/201518/09/201528/09/2015DutchPDF
Abridged model31/03/201419/09/201430/09/2014DutchPDF
Abridged model31/03/201320/09/201325/09/2013DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 2 ended

Active mandates

CHICA BARTSOEN

Director · since 06 juillet 2011

Active
KRIS DE BONDT

Director · since 06 juillet 2011

Active

Ended mandates

CHICA BARTSOEN

Manager · since 06 juillet 2011

Ended
KRIS DE BONDT

Manager · since 06 juillet 2011

Ended
Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202512,5 k €↑
  2. 2024
    Annual accounts 202412,3 k €↑
  3. 2023
    Annual accounts 20233,7 k €↑
  4. 2022
    Annual accounts 2022-5,9 k €↑
  5. 2021
    Annual accounts 2021-6,3 k €↓
  6. 2020
    Annual accounts 20202,1 k €↓
  7. 2019
    Annual accounts 20195,7 k €↑
  8. 2018
    Annual accounts 2018-6,5 k €↑
  9. 2017
    Annual accounts 2017-13,4 k €↓
  10. 2016
    Annual accounts 20162,8 k €↓
  11. 2015
    Annual accounts 20156,2 k €↑
  12. 2014
    Annual accounts 2014-231,1 €↑
  13. 2013
    Annual accounts 2013-1,2 k €
  14. 06/07/2011
    IncorporationPrivate limited company