PRECISION MODELS
ActiveSummary
PRECISION MODELS has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,372 and a net result of -€1,268. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 24% of 784 sector peers (NACE 32, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 29-12-1997 Normal situation
- Registered office
- 167 active companies are registered at this address 12 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- Other manufacturing NACE 32400
- Establishment unit
- 2.086.647.172 3660 Oudsbergen, since 06-05-1998
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.4%
- Gross margin
- -€1,632
- ▲ 50.2%
- Loss
- €1,268
- ▼ 56.7%
- Equity
- €2,372
- ▼ 34.8%
- Total assets
- €24,764
- ▲ 244%
- 2025 accounts filed 61 days after the deadline
Score breakdownraises risk1 change of registered office in 24 monthsLast filed accounts filed 61 days late; 2 of the last 3 accounts latelowers riskSize: total assets €24,764Founded in 1997Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 32, micro). It does better than 23% of them on solvency, 6% on liquidity, 23% on profitability and 15% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 43 days after the deadline. In the sector (NACE 32), the median for financial year 2024 was 2 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 61 days after the deadline Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00536569.
Annual accounts 2025 filed on 30-09-2026 at the NBB all 26 filings
Every figure per financial year
The operating result for 2025 is a loss of €1,632, smaller than the loss of €3,275 in 2024.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €2,118 | €6,050 | €7,030 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €62 | - | €124 | - | - | - |
| Non-recurring operating charges66A | - | - | - | €1,000 | - | - | - | - | - |
| Gross operating margin9900 | -€1,655 | €727 | €2,697 | €6,106 | - | -€2,362 | -€3,275 | -€1,632 | ▲ 50.2% |
| Operating profit (loss)9901 | -€1,717 | -€6,143 | €2,635 | €5,044 | - | -€2,486 | -€3,275 | -€1,632 | ▲ 50.2% |
| Financial income75/76B | - | - | - | €377 | €590 | €419 | €384 | €407 | ▲ 6.1% |
| Recurring financial income75 | - | €0 | €1 | €377 | €590 | €419 | €384 | €407 | ▲ 6.1% |
| Financial charges65/66B | - | - | - | €157 | - | €88 | €40 | €43 | ▲ 8.9% |
| Recurring financial charges65 | €227 | €248 | €227 | €157 | - | €88 | €40 | €43 | ▲ 8.9% |
| Profit (loss) for the period before taxes9903 | -€1,944 | -€6,391 | €2,409 | €5,265 | €590 | -€2,154 | -€2,931 | -€1,268 | ▲ 56.7% |
| Income taxes67/77 | - | - | - | - | - | €126 | - | - | - |
| Profit (loss) for the period9904 | -€1,944 | -€6,391 | €2,409 | €5,265 | €590 | -€2,280 | -€2,931 | -€1,268 | ▲ 56.7% |
| Profit (loss) for the period to be appropriated9905 | -€1,944 | -€6,391 | €2,409 | €5,265 | €590 | -€2,280 | -€2,931 | -€1,268 | ▲ 56.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €9,795 | €3,018 | €5,441 | €8,261 | €8,850 | €7,932 | €7,207 | €24,764 | ▲ 244% |
| Fixed assets21/28 | €7,809 | €1,000 | €1,000 | - | - | - | - | - | - |
| Financial fixed assets28 | €7,809 | €1,000 | €1,000 | - | - | - | - | - | - |
| Current assets29/58 | €1,987 | €2,018 | €4,441 | €8,261 | €8,850 | €7,932 | €7,207 | €24,764 | ▲ 244% |
| Stocks and contracts in progress3 | €1,700 | €1,550 | €1,235 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | - | - | €758 | €8,261 | €8,850 | €7,277 | €6,604 | €23,645 | ▲ 258% |
| Trade receivables40 | - | - | - | - | - | - | - | €9,384 | - |
| Other amounts receivable41 | - | - | - | €8,261 | €8,850 | €7,277 | €6,604 | €14,261 | ▲ 116% |
| Cash at bank and in hand54/58 | €287 | €468 | €2,448 | - | - | €648 | €603 | €614 | ▲ 1.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €7 | - | €505 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €9,795 | €3,018 | €5,441 | €8,261 | €8,850 | €7,932 | €7,207 | €24,764 | ▲ 244% |
| Equity10/15 | €6,978 | €587 | €2,996 | €8,261 | €8,850 | €6,570 | €3,639 | €2,372 | ▼ 34.8% |
| Contributions10/11 | €36,592 | €36,592 | €36,592 | €36,592 | €36,592 | €36,592 | €36,592 | €36,592 | = |
| Reserves13 | €1,916 | €1,916 | €1,916 | €1,916 | €1,916 | €1,916 | €1,916 | €1,916 | = |
| Non-distributable reserves130/1 | - | - | - | €96 | €96 | €96 | €96 | €96 | = |
| Reserves not available under the articles1311 | - | - | - | €96 | €96 | €96 | €96 | €96 | = |
| Distributable reserves133 | - | - | - | €1,820 | €1,820 | €1,820 | €1,820 | €1,820 | = |
| Profit (loss) carried forward14 | -€31,530 | -€37,921 | -€35,512 | -€30,247 | -€29,657 | -€31,937 | -€34,868 | -€36,136 | ▼ 3.6% |
| Amounts payable17/49 | €2,817 | €2,431 | €2,445 | - | - | €1,362 | €3,568 | €22,392 | ▲ 528% |
| Amounts payable within one year42/48 | €2,817 | €2,431 | €2,445 | - | - | €1,362 | €3,568 | €22,392 | ▲ 528% |
| Trade debts44 | €97 | - | €62 | - | - | €1,152 | €3,358 | €4,622 | ▲ 37.7% |
| Suppliers440/4 | - | - | - | - | - | €1,152 | €3,358 | €4,622 | ▲ 37.7% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €17,560 | - |
| Taxes450/3 | - | - | - | - | - | - | - | €17,560 | - |
| Other amounts payable47/48 | - | - | - | - | - | €210 | €210 | €210 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,944 | -€6,391 | €2,409 | €5,265 | €590 | -€2,280 | -€2,931 | -€1,268 | ▲ 56.7% |
| Operating cash flow (approximation) | -€1,944 | -€6,391 | €2,409 | €5,265 | €590 | -€2,280 | -€2,931 | -€1,268 | ▲ 56.7% |
| Investment in fixed assets (approximation) | - | €6,809 | €0 | - | - | - | - | - | - |
| Change in cash | - | €181 | €1,980 | - | - | - | -€45 | €10 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 974 companies had the same profile as PRECISION MODELS has now. Two years later, 92.8% were still going and 2.3% had gone bankrupt.
- Micro
- 20 years or older
- solvency under 10%
- a small loss
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PRECISION MODELS itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 974 companies, not a prediction for PRECISION MODELS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00536569 | |
| 31-12-2024 | micro format | 29-09-2025 | 2025-00531494 | |
| 31-12-2023 | micro format | 30-06-2024 | 2024-00188840 | |
| 31-12-2022 | micro format | 31-10-2023 | 2023-00506366 | |
| 31-12-2021 | micro format | 29-09-2022 | 2022-20453037 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-70800536 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-37100517 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-67700428 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-43200203 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-57800327 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Demirci Bekir |
|
| Gemici Halil |
|
| Dirkx Jean Pierre |
|
Network & group
Connections & network
4 connected companiesTimeline
Acts, filings and financial milestones
30-06
Gazette deed
Registered office moved from Lummetn to Herk de StadNew seat: Steenweg 3/402, 3540 Herk de Stad · Previous seat: PRIESTERSE HEIDESTRAAT 0-3560 LUMMETN · Resignation: Halil Gemici (director)5 points ▸
- General meeting, 16-06-2025
- Director resignation, Halil Gemici (director)
- Director discharge, Halil Gemici
- Director appointment, Bekir Demirci (director)
- Registered-office move, Steenweg 3/402, 3540 Herk de Stad
26-09
Gazette deed
Registered office moved from Oudsbergen to LummenNew seat: Priesterse Heidestraat 10-3560 Lummen · Previous seat: ELF SEPTEMBERLAAN 24-3660 OUDSBERGEN · Resignation: Dirkx Jean Pierre (director)5 points ▸
- General meeting, 01-07-2022
- Director resignation, Dirkx Jean Pierre (director)
- Director discharge, Dirkx Jean Pierre
- Director appointment, Gemici Halil (director)
- Registered-office move, Priesterse Heidestraat 10-3560 Lummen
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Elf Septemberlaan 24, 3660 Oudsbergen until the act of 26-09-2022
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71003B0070/00Z004 | Flanders | 5,956 m² | 1 · 357 m² | 7.5 m · 2 |
| 71047A0730/00H000 | Flanders | 1,350 m² | 1 · 325 m² | 6.8 m · 2 |