Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
90 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PUSHPAM from Antwerpen, company number BE0542592561, closed financial year 2025 with a result of € -408,593 after tax. For that financial year PUSHPAM recorded revenue of € 22.6 million and equity of € 2.7 million. Compared with financial year 2024, the result moved from € 881,788 to € -408,593. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ 2.7 million
▼ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -408,593
▼ still € 881,788 profit in 2024
Profit after tax over the fiscal year.
€ 188,066
▼ 66% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.7 million.
People and assets in 2025
1.8
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 73,169
▲ 13% vs 2024
€ 40,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 22,691
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 5.4 million
▼ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 86 days on average.
€ 15,552
▼ 19% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 28,127,632 | € 25,390,742 | € 21,593,684 | € 22,582,649 | ▲ 5% |
| Profit after taxes | € 911,023 | € 1,008,822 | € 881,788 | € -408,593 | ▼ € 1.3 million |
| Equity | € 1,218,160 | € 2,226,982 | € 3,108,770 | € 2,700,177 | ▼ 13% |
| Total debts | € 11,021,583 | € 4,754,459 | € 6,665,677 | € 5,367,008 | ▼ 19% |
| Cash | € 975,811 | € 591,340 | € 549,805 | € 188,066 | ▼ 66% |
| Land & buildings | € 200,011 | € 195,029 | € 190,047 | € 185,064 | ▼ 3% |
| Retained profit | € 1,199,560 | € 2,208,382 | € 3,090,170 | € 2,681,577 | ▼ 13% |
| Dividend | € 500,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 2,812,676 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 12,239,742 | € 6,981,441 | € 9,774,447 | € 8,067,185 | ▼ 17% |
| Employees (FTE) | 1.6 | 1.4 | 1.6 | 1.8 | ▲ 0.2 |
Key figures of PUSHPAM, 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 PUSHPAM?
What happened at PUSHPAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 408,593 (▼ € 1.3 million vs 2024). filed late Source: NBB ↗
- Stavan Shah became a director. NBB
- New establishment in Antwerpen. KBO
- Shailesh Dinkerrai Shah became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 911,023 profit in 2022 to € 408,593 loss in 2025.
Paid € 170,331 in corporate taxes since 2022.
Best year ever: 2023, with € 1 million profit.
Paid out € 500,000 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind PUSHPAM are Shailesh Dinkerrai Shah and Stavan Shah. The same people are also behind PUSHPAM COLLECTION.
Directors
According to the 2025 annual accounts
since 2013
since 2014
Establishments
Establishment units
Physical locations of this company
Hoveniersstraat 53 box 51
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 90 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
WIX_COM, IL
Domain
Domain
pushpambvba.com
Registered
2014-02-07
Registrar
Wix.com Ltd.
Expires
2027-02-07
Website info
Features
Security
Network
Details
- Company number
- 0542.592.561
- VAT number
- BE 0542.592.561
- Registered office
- Hoveniersstraat 53 bus 51, 2018 Antwerpen
- Names & denominations
- PUSHPAM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 November 2013
- Peppol
- Active · Active since 25 Sept 2025
- Contact
- pushpambvba.com
- Activities · NACE
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