What does Puzzle Express do?

Puzzle Express is a supermarket in Sint-Pieters-Leeuw. Private Limited, started on 18 July 2018, 1 establishment.

What is the address of Puzzle Express?

The registered office of Puzzle Express is located at Joseph Depauwstraat 28, 1600 Sint-Pieters-Leeuw.

Is Puzzle Express still active?

Yes. According to the CBE (31 October 2026) Puzzle Express is active, legal situation “Normale toestand”, started on 18 July 2018.

Is Puzzle Express registered on Peppol?

Yes, Puzzle Express is registered on the Peppol network with ID 0208:0700219541.

What is the enterprise number of Puzzle Express?

The enterprise number of Puzzle Express is BE0700219541.

When was Puzzle Express founded?

Puzzle Express was founded on 18 July 2018.

Who are the directors of Puzzle Express?

According to the 2025 annual accounts, the directors of Puzzle Express are: Adam Karimi.

Is Puzzle Express a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 18 July 2018; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did Puzzle Express make in 2025?

Puzzle Express posted a profit after taxes of € 7,994 in financial year 2025.

What is the revenue of Puzzle Express?

As a small company, Puzzle Express is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 293,281.

Puzzle Express (Private Limited) - Sint-Pieters-Leeuw

Dossier Puzzle Express, printed on 1 November 2026 from databakkes.be/en/0700219541/puzzle-express. 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 58 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

Puzzle Express from Sint-Pieters-Leeuw, company number BE0700219541, closed financial year 2025 with a result of € 7,994 after tax. For that financial year Puzzle Express recorded a gross margin of € 293,281 and equity of € 47,429. Compared with financial year 2024, the result moved from € 20,530 to € 7,994. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 3, 2026.

What it is worth Growing

€ 47,429

▲ 20% vs 2024

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

Profit Healthy

€ 7,994

▼ 61% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 133,552

▲ 11% vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € -71.

People and assets in 2025

Wage cost

€ 172,986

▲ 10% vs 2024

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 5,889

▲ € 5,122 vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 7 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.

€ 271,594

▼ 22% vs 2024

€ 37,037 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.

Owed to suppliers

€ 331,365

▼ 22% vs 2024

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

Taxes and wages

€ 21,749

▼ 19% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 127,966 Gross margin 2022: € 127,966 First fiscal year in the series	€ 150,534 Gross margin 2023: € 150,534 ▲ 18% vs 2022 (€ 127,966) Favourable step	€ 305,870 Gross margin 2024: € 305,870 ▲ 103% vs 2023 (€ 150,534) Favourable step	€ 293,281 Gross margin 2025: € 293,281 ▼ 4% vs 2024 (€ 305,870) Unfavourable step	▼ 4%
Profit after taxes	€ -43,691 Profit after taxes 2022: € -43,691 First fiscal year in the series	€ -50,729 Profit after taxes 2023: € -50,729 ▼ € 7,038 vs 2022 (€ -43,691) Unfavourable step	€ 20,530 Profit after taxes 2024: € 20,530 ▲ € 71,258 vs 2023 (€ -50,729) Favourable step	€ 7,994 Profit after taxes 2025: € 7,994 ▼ 61% vs 2024 (€ 20,530) Unfavourable step	▼ 61%
Equity	€ 69,635 Equity 2022: € 69,635 First fiscal year in the series	€ 18,906 Equity 2023: € 18,906 ▼ 73% vs 2022 (€ 69,635) Unfavourable step	€ 39,435 Equity 2024: € 39,435 ▲ 109% vs 2023 (€ 18,906) Favourable step	€ 47,429 Equity 2025: € 47,429 ▲ 20% vs 2024 (€ 39,435) Favourable step	▲ 20%
Total debts	€ 271,393 Total debts 2022: € 271,393 First fiscal year in the series	€ 766,499 Total debts 2023: € 766,499 ▲ 182% vs 2022 (€ 271,393) Unfavourable step	€ 799,461 Total debts 2024: € 799,461 ▲ 4% vs 2023 (€ 766,499) Unfavourable step	€ 629,472 Total debts 2025: € 629,472 ▼ 21% vs 2024 (€ 799,461) Favourable step	▼ 21%
Cash	€ 41,172 Cash 2022: € 41,172 First fiscal year in the series	€ 178,396 Cash 2023: € 178,396 ▲ € 137,224 vs 2022 (€ 41,172) Favourable step	€ 119,963 Cash 2024: € 119,963 ▼ 33% vs 2023 (€ 178,396) Unfavourable step	€ 133,552 Cash 2025: € 133,552 ▲ 11% vs 2024 (€ 119,963) Favourable step	▲ 11%
Retained profit	€ 22,135 Retained profit 2022: € 22,135 First fiscal year in the series	€ -28,594 Retained profit 2023: € -28,594 ▼ € 50,729 vs 2022 (€ 22,135) Unfavourable step	€ -8,065 Retained profit 2024: € -8,065 ▲ € 20,530 vs 2023 (€ -28,594) Favourable step	€ -71 Retained profit 2025: € -71 ▲ € 7,994 vs 2024 (€ -8,065) Favourable step	▲ € 7,994
Bank debt	€ 115,798 Bank debt 2022: € 115,798 First fiscal year in the series	€ 345,778 Bank debt 2023: € 345,778 ▲ 199% vs 2022 (€ 115,798) Unfavourable step	€ 350,095 Bank debt 2024: € 350,095 ▲ 1% vs 2023 (€ 345,778) Unfavourable step	€ 271,594 Bank debt 2025: € 271,594 ▼ 22% vs 2024 (€ 350,095) Favourable step	▼ 22%
Balance sheet total	€ 341,028 Balance sheet total 2022: € 341,028 First fiscal year in the series	€ 785,405 Balance sheet total 2023: € 785,405 ▲ 130% vs 2022 (€ 341,028) Unchanged	€ 838,896 Balance sheet total 2024: € 838,896 ▲ 7% vs 2023 (€ 785,405) Unchanged	€ 676,902 Balance sheet total 2025: € 676,902 ▼ 19% vs 2024 (€ 838,896) Unchanged	▼ 19%

Key figures of Puzzle Express, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.

What happened to Puzzle Express?

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

Feb 3, 2026 New annual accounts for financial year 2025: profit of € 7,994 (▼ 61% vs 2024). filed late Source: NBB ↗
Jul 18, 2018 New establishment in Sint-Pieters-Leeuw. KBO
Jul 18, 2018 Start of the company according to the CBE. KBO

In short

From € 43,691 loss in 2022 to € 7,994 profit in 2025.

Paid € 4,405 in corporate taxes since 2022.

Best year ever: 2024, with € 20,530 profit.

Original PDFs at the National Bank ↗

Management

Adam Karimi

Puzzle Express

Behind Puzzle Express is Adam Karimi.

Directors

According to the 2025 annual accounts

Adam Karimi

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Joseph Depauwstraat 28

1600 Sint-Pieters-Leeuw

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

Details

Company number

0700.219.541

VAT number

BE 0700.219.541

Registered office

Joseph Depauwstraat 28, 1600 Sint-Pieters-Leeuw

Names & denominations

Puzzle Express

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

18 July 2018

Peppol

Active · Active since 23 Feb 2026

Activities · NACE

Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen

Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 100 m² en minder dan 400 m²)

Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte = 2500 m²)

View on CBE Public ↗ Annual accounts (NBB) ↗

Puzzle Express

Warning lights

Financials

What happened to Puzzle Express?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions