PONCELET
ActiveSummary
PONCELET has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €181,653 and a net result of -€41,351. Equity is shrinking by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 30% of 1040 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▼-7
Solvency55▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.25 against 0.23 in 2024; short-term debt: 70.1% and cash: 1.4% of total assets), and 70.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€41,351
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
9 d late
2023
21 d late
2022
17 d late
2021
33 d early
2020
5 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€41,351▼ 326%
2024 · -€9,712
Working capital
-€318,485▼ 5.2%
2024 · -€302,695
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,175▼ 28.7%-€34,565-€8,832▲ 74.4%-€15,126▼ 71.3%-€4,040▲ 73.3%
Net result€1,714▲ 124%-€32,119€8,963-€9,712-€41,351▼ 326%
Equity€294,889▼ 2.7%€252,763▼ 14.3%€251,946▼ 0.3%€232,579▼ 7.7%€181,653▼ 21.9%
Total assets€870,714▼ 4.9%€793,570▼ 8.9%€749,868▼ 5.5%€669,444▼ 10.7%€606,978▼ 9.3%
Debt€575,825▼ 6.0%€540,807▼ 6.1%€497,922▼ 7.9%€436,865▼ 12.3%€425,324▼ 2.6%
Working capital-€294,855▲ 7.0%-€319,562▼ 8.4%-€317,232▲ 0.7%-€302,695▲ 4.6%-€318,485▼ 5.2%
Staff (FTE)0.1
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,040 in 2025 against €15,126 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €606,978
Fixed assets
€500,138 ▼ 13.8%
Current assets
€106,839 ▲ 19.3%
Equity and liabilities €606,978
Equity
€181,653 ▼ 21.9%
Debt
€425,324 ▼ 2.6%
Debt's share of the balance-sheet total rises from 65.3% to 70.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€75,739▲
2024 · €64,926
Cash flow
€38,428▼
2024 · €70,341
Current ratio
0.25▲
2024 · 0.23
Quick ratio
0.09▲
2024 · 0.05
Debt to equity
2.34▲
2024 · 1.88
ROE
-22.8%▼
2024 · -4.2%
ROA
-6.8%▼
2024 · -1.5%
Interest coverage
26.90▲
2024 · 14.68
Debt ≤ 1 year
€425,324▲
2024 · €392,222
Income taxes
€46,150
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,419 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
0.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,419 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | -€567 | €3,963 | €192 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82,631 | €79,113 | €79,819 | €80,052 | €79,779 | ▼ 0.3% |
| Other operating charges640/8 | €9,511 | €9,672 | €10,476 | €10,315 | €10,647 | ▲ 3.2% |
| Gross operating margin9900 | €92,749 | €58,184 | €81,656 | €75,241 | €86,386 | ▲ 14.8% |
| Operating profit (loss)9901 | €1,175 | -€34,565 | -€8,832 | -€15,126 | -€4,040 | ▲ 73.3% |
| Financial income75/76B | €10,007 | €10,087 | €23,966 | €9,836 | €11,655 | ▲ 18.5% |
| Recurring financial income75 | €10,007 | €10,087 | €23,966 | €9,835 | €9,589 | ▼ 2.5% |
| Non-recurring financial income76B | - | - | - | €1 | €2,066 | ▲ 196,662% |
| Financial charges65/66B | €9,468 | €7,641 | €6,171 | €4,422 | €2,816 | ▼ 36.3% |
| Recurring financial charges65 | €9,468 | €7,641 | €6,171 | €4,422 | €2,816 | ▼ 36.3% |
| Profit (loss) for the period before taxes9903 | €1,714 | -€32,119 | €8,963 | -€9,712 | €4,799 | ▲ 149% |
| Income taxes67/77 | - | - | - | - | €46,150 | - |
| Profit (loss) for the period9904 | €1,714 | -€32,119 | €8,963 | -€9,712 | -€41,351 | ▼ 326% |
| Profit (loss) for the period to be appropriated9905 | €1,714 | -€32,119 | €8,963 | -€9,712 | -€41,351 | ▼ 326% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €870,714 | €793,570 | €749,868 | €669,444 | €606,978 | ▼ 9.3% |
| Fixed assets21/28 | €769,467 | €706,353 | €658,464 | €579,917 | €500,138 | ▼ 13.8% |
| Intangible fixed assets21 | - | - | €13,883 | €10,762 | €7,641 | ▼ 29.0% |
| Tangible fixed assets22/27 | €769,287 | €706,173 | €644,581 | €569,155 | €492,497 | ▼ 13.5% |
| Land and buildings22 | €748,980 | €679,660 | €625,750 | €554,846 | €483,942 | ▼ 12.8% |
| Plant, machinery and equipment23 | €16,825 | €25,230 | €18,140 | €13,867 | €8,248 | ▼ 40.5% |
| Furniture and vehicles24 | €3,481 | €1,283 | €691 | €441 | €307 | ▼ 30.4% |
| Financial fixed assets28 | €180 | €180 | - | - | - | - |
| Current assets29/58 | €101,248 | €87,217 | €91,404 | €89,527 | €106,839 | ▲ 19.3% |
| Stocks and contracts in progress3 | €66,830 | €69,106 | €67,635 | €71,735 | €68,125 | ▼ 5.0% |
| Stocks30/36 | €61,330 | €66,356 | €65,085 | €66,985 | €64,875 | ▼ 3.1% |
| Contracts in progress37 | €5,500 | €2,750 | €2,550 | €4,750 | €3,250 | ▼ 31.6% |
| Amounts receivable within one year40/41 | €17,170 | €10,819 | €14,839 | €10,527 | €24,495 | ▲ 133% |
| Trade receivables40 | €17,170 | €9,961 | €14,839 | €10,527 | €24,495 | ▲ 133% |
| Other amounts receivable41 | - | €858 | - | - | - | - |
| Cash at bank and in hand54/58 | €13,262 | €2,156 | €3,258 | €1,458 | €8,272 | ▲ 467% |
| Deferred charges and accrued income490/1 | €3,986 | €5,137 | €5,671 | €5,808 | €5,948 | ▲ 2.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €870,714 | €793,570 | €749,868 | €669,444 | €606,978 | ▼ 9.3% |
| Equity10/15 | €294,889 | €252,763 | €251,946 | €232,579 | €181,653 | ▼ 21.9% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Capital10 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Issued capital100 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €124 | €124 | €570 | €570 | €570 | = |
| Non-distributable reserves130/1 | €124 | €124 | €570 | €570 | €570 | = |
| Legal reserve130 | €124 | €124 | €570 | €570 | €570 | = |
| Profit (loss) carried forward14 | -€820,564 | -€852,683 | -€844,166 | -€853,878 | -€895,228 | ▼ 4.8% |
| Investment grants15 | €105,329 | €95,322 | €85,543 | €75,886 | €66,311 | ▼ 12.6% |
| Amounts payable17/49 | €575,825 | €540,807 | €497,922 | €436,865 | €425,324 | ▼ 2.6% |
| Amounts payable after more than one year17 | €178,572 | €133,929 | €89,286 | €44,643 | - | - |
| Financial debts170/4 | €178,572 | €133,929 | €89,286 | €44,643 | - | - |
| Amounts payable within one year42/48 | €396,102 | €406,778 | €408,636 | €392,222 | €425,324 | ▲ 8.4% |
| Current portion of amounts payable after more than one year42 | €44,643 | €44,643 | €44,643 | €44,643 | €44,643 | = |
| Trade debts44 | €3,490 | €17,204 | €4,221 | €409 | €2,056 | ▲ 403% |
| Suppliers440/4 | €3,490 | €17,204 | €4,221 | €409 | €2,056 | ▲ 403% |
| Taxes, remuneration and social security45 | €11,732 | €4,872 | €6,705 | €4,095 | €53,758 | ▲ 1,213% |
| Taxes450/3 | €11,713 | €4,509 | €6,705 | €4,095 | €53,758 | ▲ 1,213% |
| Remuneration and social security454/9 | €19 | €363 | - | - | - | - |
| Other amounts payable47/48 | €336,236 | €340,059 | €353,067 | €343,075 | €324,868 | ▼ 5.3% |
| Accrued charges and deferred income492/3 | €1,151 | €100 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,714 | -€32,119 | €8,963 | -€9,712 | -€41,351 | ▼ 326% |
| + Depreciation and write-downs630 | €82,631 | €79,113 | €79,819 | €80,052 | €79,779 | ▼ 0.3% |
| Operating cash flow (approximation) | €84,345 | €46,995 | €88,782 | €70,341 | €38,428 | ▼ 45.4% |
| Investment in fixed assets (approximation) | - | -€16,000 | -€31,930 | -€1,505 | €0 | ▲ 100% |
| Change in cash | - | -€11,106 | €1,103 | -€1,800 | €6,814 | ▲ 478% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
09-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 9 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 21 days late
2023
31-12
Financial
Back to profitnet €8,963
Net result €8,963 after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 17 days late
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €765
Net result €765 after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€50,638
Net result drops to -€50,638, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €312,511 ▲1,780%
Equity rises from €16,619 to €312,511.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 22 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Fleurus · 1 establishment unit since 2010
Ground area
4,859 m²
Building footprint
799 m²
Volume, LiDAR
5,478 m³
Parcel 52021C0318/00P007, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Progrès(FL) 6, 6220 Fleurus
since 20102.190.161.911
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52021C0318/00P007 | Wallonia | 4,859 m² | 1 · 799 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 44 companies in sector 25631 we hold annual accounts for 33. 29 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-06-2010
Fiscal year end31-12
Activities, NACEBEL 2025
25631Manufacture of fabricated metal products, except machinery and equipment
30110Manufacture of other transport equipment
30120Manufacture of other transport equipment
30310Manufacture of other transport equipment
33150Repair, maintenance and installation of machinery and equipment
33200Installation of industrial machinery and equipment
Contact
E-mail
marc.deltenre@poncelet.euFleurus
E-invoicing
Reachable via Peppol
Peppol ID
0208:0826970530
Registered
23-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.