Puccini
Puccini has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €258k and a net result of €34k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 46% of 3462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
| Equity | €258k |
| Net result | €34k |
| Staff (FTE) | 14.7 |
| Better than sector | 46% |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 26.2% | 29.8% | |
| Net result | €34k | €11k | |
| Equity | €258k | €90k | |
| Gross operating margin | €659k | €260k | |
| Staff costs | €489k | €250k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €166k | €150k | €200k | €90k |
| Net profit | €34k | €23k | €80k | €11 |
| Cash flow | €135k | €124k | €173k | €69k |
| Staff costs | €489k | €414k | €380k | €409k |
| Income taxes | €14k | €5k | €8k | €2k |
| Dividends | €126k | - | €28k | - |
| Total assets | €987k | €1.03M | €1.08M | €1.05M |
| Equity | €258k | €350k | €327k | €274k |
| Debt | €729k | €675k | €749k | €772k |
| of which ≤ 1y | €320k | €188k | €183k | €211k |
| of which > 1y | €406k | €486k | €563k | €560k |
| Working capital | €-74k | €1k | €-35k | €-118k |
| Employees (FTE) | 14.7 | 12.9 | 11.1 | 9.7 |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.77 | 1.01 | 0.81 | 0.44 |
| Quick ratio | 0.70 | 0.90 | 0.73 | 0.39 |
| Working capital ratio | -7.5% | 0.1% | -3.3% | -11.2% |
| Solvency | 26.2% | 34.2% | 30.4% | 26.2% |
| Debt / equity | 2.82 | 1.93 | 2.29 | 2.81 |
| Long-term debt ratio | 1.57 | 1.39 | 1.72 | 2.04 |
| Interest coverage | 8.58 | 7.03 | 10.09 | 4.54 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 3.5% | 2.3% | 7.4% | 0.0% |
| ROE | 13.3% | 6.6% | 24.4% | 0.0% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €987k | €1.03M | €1.08M | €1.05M |
| Fixed assets | 21/28 | €741k | €837k | €929k | €953k |
| Intangible fixed assets | 21 | €1k | €2k | €2k | €3k |
| Tangible fixed assets | 22/27 | €740k | €835k | €925k | €949k |
| Financial fixed assets | 28 | - | - | €882 | €882 |
| Current assets | 29/58 | €246k | €189k | €147k | €93k |
| Stocks & contracts in progress | 3 | €21k | €20k | €15k | €11k |
| Amounts receivable within one year | 40/41 | €41k | €44k | €46k | €21k |
| Cash & bank | 54/58 | €180k | €116k | €87k | €62k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €987k | €1.03M | €1.08M | €1.05M |
| Equity | 10/15 | €258k | €350k | €327k | €274k |
| Contributions / capital | 10/11 | €50k | €50k | €50k | €50k |
| Reserves | 13 | €209k | €301k | €278k | €225k |
| Amounts payable | 17/49 | €729k | €675k | €749k | €772k |
| Amounts payable after one year | 17 | €406k | €486k | €563k | €560k |
| Amounts payable within one year | 42/48 | €320k | €188k | €183k | €211k |
| Trade debts payable within one year | 44 | €27k | €49k | €37k | €49k |
| Income statement | |||||
| Gross operating margin | 9900 | €659k | €603k | €587k | €507k |
| Operating result | 9901 | €65k | €50k | €107k | €20k |
| Financial income | 75 | €2k | €265 | €303 | €948 |
| Financial charges | 65 | €19k | €21k | €20k | €20k |
| Result before taxes | 9903 | €48k | €28k | €88k | €2k |
| Income taxes | 67/77 | €14k | €5k | €8k | €2k |
| Net result for the period | 9904 | €34k | €23k | €80k | €11 |
| Result to be appropriated | 9905 | €34k | €23k | €80k | €11 |
Former directors (1)
-
Niels StevensDirectorState Gazette act 22103658 (30-08-2022)Former01-08-2022 → 30-09-2022
2 events
- 30-09-2022 Resigned· Director
- 01-08-2022 Appointed· Director
| NACE primary | Full-service restaurants(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 09-07-1996 |
| Status | Active |
| Postal code | 3630 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73013D0836/00B000 | Flanders | 1,171 m² | 1 · 598 m² | 16.1 m · 3 fl. |
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
27-12-2023 Change in the board of directors
Technical details
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{
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{
"body": "algemene_vergadering",
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{
"body": "algemene_vergadering",
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{
"body": "algemene_vergadering",
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{
"body": "notarieel_alleen",
"date": "2023-12-14",
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{
"body": "algemene_vergadering",
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"Voor eensluidend afschrift",
"Geco\u00F6rdineerde statuten"
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}07-11-2022 Niels Stevens resigns as director
- Niels Stevens, Bestuurder
Technical details
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}30-08-2022 Niels Stevens appointed as director
- Niels Stevens, Bestuurder
Technical details
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}| Legal nameNL | Puccini |