PUNCH
ActivePUNCH has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94k and a net result of €27k. Equity is growing by ~67.1% per year across the filed fiscal years. Its solvency ranks better than 61% of 6794 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.27 against 2.44 in 2024), and 33.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.4%
Return on assets
19.1%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
72 d early
2023
12 d early
2022
69 d early
2021
81 d early
2020
61 d early
2019
56 d early
← before the deadline
after the deadline →
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
05-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€94k▲ 40.3%
2024 · €67k
2021: €13k
2022: €19k
2023: €19k
2024: €67k
2021 → 2025
Total assets
€142k▲ 36.0%
2024 · €104k
2021: €24k
2022: €31k
2023: €32k
2024: €104k
2021 → 2025
Net result
€27k▼ 43.4%
2024 · €48k
2021: €2k
2022: €6k
2023: €227
2024: €48k
2021 → 2025
Working capital
€60k▲ 13.2%
2024 · €53k
2021: €12k
2022: €17k
2023: €12k
2024: €53k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€19k▲ 45.8%€19k▲ 1.2%€67k▲ 248%€94k▲ 40.3%
Operating result€1k-€5k▲ 250%€625▼ 87.5%€69k▲ 10,898%€40k▼ 41.2%
Net result€2k-€6k▲ 291%€227▼ 96.2%€48k▲ 20,897%€27k▼ 43.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €142k
Fixed assets
€34k▲ 146%
Current assets
€108k▲ 19.4%
Equity and liabilities €142k
Equity
€94k▲ 40.3%
Debt
€48k▲ 28.2%
The debt ratio falls from 35.7% to 33.6%: equity grows faster than debt.
Key figures and ratios
EBITDA
€47k▼
2024 · €71k
Cash flow
€33k▼
2024 · €50k
Solvency
66.4%▲
2024 · 64.3%
Current ratio
2.27▼
2024 · 2.44
Quick ratio
2.27▼
2024 · 2.44
Debt / equity
0.51▼
2024 · 0.55
ROE
28.7%▼
2024 · 71.3%
ROA
19.1%▼
2024 · 45.9%
Interest coverage
206.23▼
2024 · 443.15
Debt
€48k▲
2024 · €37k
Debt ≤ 1 year
€48k▲
2024 · €37k
Income taxes
€14k▼
2024 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Total assets
20/58€104k€142k▲
Fixed assets
21/28€14k€34k▲
Tangible fixed assets
22/27€14k€34k▲
Current assets
29/58€90k€108k▲
Amounts receivable within one year
40/41€9k€3k▼
Cash & bank
54/58€80k€86k▲
Total equity & liabilities
10/49€104k€142k▲
Equity
10/15€67k€94k▲
Contributions / capital
10/11€20k€20k=
Reserves
13€46k€73k▲
Accumulated profits (losses)
14€518€1k▲
Amounts payable
17/49€37k€48k▲
Amounts payable within one year
42/48€37k€48k▲
Trade debts payable within one year
44€8k€13k▲
Income statement
Code20242025
Gross operating margin
9900€72k€48k▼
Operating result
9901€69k€40k▼
Financial income
75€449€446▼
Financial charges
65€161€227▲
Result before taxes
9903€69k€41k▼
Income taxes
67/77€21k€14k▼
Net result for the period
9904€48k€27k▼
Result to be appropriated
9905€48k€27k▼
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €48k ▲20897%
Operating result €69k, net result €48k, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €227 ▼96.2%
Net result drops to €227, the lowest in the series; recovery starts the following year.
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-10
State Gazette act
Director changes
Matthieu DERYNCK
11-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 43 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
2 directors, last change in 2022
SMAL Jean Patrick
CurrentDirector · since 26-10-2022
26-10-2022
SMAL Jean Patrick: Appointed as Director
26-10-2022
Philippe Vastapane: Resigned as Director
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Kraainem · 1 establishment unit since 1997
Ground area
1,932 m²
Building footprint
255 m²
Volume, LiDAR
1,399 m³
Parcel 22002C0072/00V005, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PUNCH SPRL
since 19972.080.388.989
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0072/00V005 | Flanders | 1,932 m² | 1 · 255 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 9,802 companies in sector 73110 we hold annual accounts for 3,581. 2,939 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-02-1997
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 19-07-2026. Scores and ratios are computed by Checked and are not a credit decision.