What does PUZZLES do?

PUZZLES is an IT company in Sint-Genesius-Rode. Private Limited, started on 8 January 2013, 1 establishment.

What is the address of PUZZLES?

The registered office of PUZZLES is located at Karel-Grauxlaan 4, 1640 Sint-Genesius-Rode.

Is PUZZLES still active?

Yes. According to the CBE (31 October 2026) PUZZLES is active, legal situation “Normale toestand”, started on 8 January 2013.

Is PUZZLES registered on Peppol?

Yes, PUZZLES is registered on the Peppol network with ID 0208:0508987803.

What is the enterprise number of PUZZLES?

The enterprise number of PUZZLES is BE0508987803.

When was PUZZLES founded?

PUZZLES was founded on 8 January 2013.

Who are the directors of PUZZLES?

According to the 2025 annual accounts, the directors of PUZZLES are: Luigi CAVALERI.

Is PUZZLES a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 8 January 2013; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did PUZZLES make in 2025?

PUZZLES recorded a loss after taxes of € 94,954 in financial year 2025.

What is the revenue of PUZZLES?

As a small company, PUZZLES is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -55,952.

PUZZLES (Private Limited) - Sint-Genesius-Rode

Dossier PUZZLES, printed on 31 October 2026 from databakkes.be/en/0508987803/puzzles. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

PUZZLES from Sint-Genesius-Rode, company number BE0508987803, closed financial year 2025 with a result of € -94,954 after tax. For that financial year PUZZLES recorded a gross margin of € -55,952 and equity of € 104,553. Compared with financial year 2024, the result moved from € 103,467 to € -94,954. The company made a loss. The buffer shrank hard: equity is 61 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.

What it is worth Shrank hard

€ 104,553

▼ 61% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -94,954

▼ still € 103,467 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 59,846

▼ 4% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 98,353.

People and assets in 2025

Full-time equivalents estimate The annual accounts report no full-time equivalents. A micro company with one active director is usually run by that person; this is an assumption, not a figure from the source.

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Vehicles and equipment

€ 41,266

▼ 52% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 59,466

▼ 39% vs 2024

€ 30,471 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 47,793

▲ € 43,739 vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 6,636

▼ 92% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 116,522 Gross margin 2022: € 116,522 First fiscal year in the series	€ 91,141 Gross margin 2023: € 91,141 ▼ 22% vs 2022 (€ 116,522) Unfavourable step	€ 198,933 Gross margin 2024: € 198,933 ▲ 118% vs 2023 (€ 91,141) Favourable step	€ -55,952 Gross margin 2025: € -55,952 ▼ € 254,885 vs 2024 (€ 198,933) Unfavourable step	▼ € 254,885
Profit after taxes	€ 69,113 Profit after taxes 2022: € 69,113 First fiscal year in the series	€ 56,479 Profit after taxes 2023: € 56,479 ▼ 18% vs 2022 (€ 69,113) Unfavourable step	€ 103,467 Profit after taxes 2024: € 103,467 ▲ 83% vs 2023 (€ 56,479) Favourable step	€ -94,954 Profit after taxes 2025: € -94,954 ▼ € 198,421 vs 2024 (€ 103,467) Unfavourable step	▼ € 198,421
Equity	€ 211,695 Equity 2022: € 211,695 First fiscal year in the series	€ 267,374 Equity 2023: € 267,374 ▲ 26% vs 2022 (€ 211,695) Favourable step	€ 268,508 Equity 2024: € 268,508 Unchanged (€ 267,374) Favourable step	€ 104,553 Equity 2025: € 104,553 ▼ 61% vs 2024 (€ 268,508) Unfavourable step	▼ 61%
Total debts	€ 99,729 Total debts 2022: € 99,729 First fiscal year in the series	€ 184,981 Total debts 2023: € 184,981 ▲ 85% vs 2022 (€ 99,729) Unfavourable step	€ 283,727 Total debts 2024: € 283,727 ▲ 53% vs 2023 (€ 184,981) Unfavourable step	€ 192,762 Total debts 2025: € 192,762 ▼ 32% vs 2024 (€ 283,727) Favourable step	▼ 32%
Cash	€ 123,072 Cash 2022: € 123,072 First fiscal year in the series	€ 46,334 Cash 2023: € 46,334 ▼ 62% vs 2022 (€ 123,072) Unfavourable step	€ 62,223 Cash 2024: € 62,223 ▲ 34% vs 2023 (€ 46,334) Favourable step	€ 59,846 Cash 2025: € 59,846 ▼ 4% vs 2024 (€ 62,223) Unfavourable step	▼ 4%
Retained profit	€ 205,495 Retained profit 2022: € 205,495 First fiscal year in the series	€ 261,174 Retained profit 2023: € 261,174 ▲ 27% vs 2022 (€ 205,495) Favourable step	€ 262,308 Retained profit 2024: € 262,308 Unchanged (€ 261,174) Favourable step	€ 98,353 Retained profit 2025: € 98,353 ▼ 63% vs 2024 (€ 262,308) Unfavourable step	▼ 63%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 800 Dividend 2023: € 800 Unchanged (€ 0) Unchanged	€ 102,333 Dividend 2024: € 102,333 ▲ € 101,533 vs 2023 (€ 800) Unchanged	€ 69,000 Dividend 2025: € 69,000 ▼ 33% vs 2024 (€ 102,333) Unchanged	▼ 33%
Bank debt	€ 41,688 Bank debt 2022: € 41,688 First fiscal year in the series	€ 128,216 Bank debt 2023: € 128,216 ▲ 208% vs 2022 (€ 41,688) Unfavourable step	€ 98,171 Bank debt 2024: € 98,171 ▼ 23% vs 2023 (€ 128,216) Favourable step	€ 59,466 Bank debt 2025: € 59,466 ▼ 39% vs 2024 (€ 98,171) Favourable step	▼ 39%
Balance sheet total	€ 311,423 Balance sheet total 2022: € 311,423 First fiscal year in the series	€ 452,355 Balance sheet total 2023: € 452,355 ▲ 45% vs 2022 (€ 311,423) Unchanged	€ 552,235 Balance sheet total 2024: € 552,235 ▲ 22% vs 2023 (€ 452,355) Unchanged	€ 297,315 Balance sheet total 2025: € 297,315 ▼ 46% vs 2024 (€ 552,235) Unchanged	▼ 46%

Key figures of PUZZLES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to PUZZLES?

What happened at PUZZLES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 8, 2026 New annual accounts for financial year 2025: loss of € 94,954 (▼ € 198,421 vs 2024). Source: NBB ↗
Jan 8, 2013 New establishment in Sint-Genesius-Rode. KBO
2013 Luigi CAVALERI became a director. NBB
Jan 8, 2013 Start of the company according to the CBE. KBO

In short

From € 69,113 profit in 2022 to € 94,954 loss in 2025.

Paid € 99,453 in corporate taxes since 2022.

Best year ever: 2024, with € 103,467 profit.

Paid out € 172,133 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Luigi CAVALERI

PUZZLES

Behind PUZZLES is Luigi CAVALERI.

Directors

According to the 2025 annual accounts

Luigi CAVALERI

Director

since 2013

Establishments

Establishment units

Physical locations of this company

Registered office

Karel-Grauxlaan 4

1640 Sint-Genesius-Rode

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0508.987.803

VAT number

BE 0508.987.803

Registered office

Karel-Grauxlaan 4, 1640 Sint-Genesius-Rode

Names & denominations

PUZZLES

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

8 January 2013

Peppol

Active · Active since 3 Dec 2025

Activities · NACE

Ontwerpen van computerprogramma’s

Ontwerpen en programmeren van computerprogramma's

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige diensten op het gebied van informatietechnologie en computer

Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

Beheer van computerfaciliteiten

Computerconsultancy-activiteiten

View on CBE Public ↗ Annual accounts (NBB) ↗

PUZZLES

Warning lights

Financials

What happened to PUZZLES?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions