PUNCH METALS
ActivePUNCH METALS has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8.69M and a net result of €-580k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 62% of 85 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability31▼-24
Solvency68▼-1
Growth30▼-35
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity short (current ratio 0.99 against 1.19 in 2023; short-term debt: 31.4% and cash: 4.5% of total assets), and 57% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Sector 29
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
36 d early
2022
35 d early
2021
30 d early
2020
30 d early
2019
35 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€21.23M▼ 21.0%
2023 · €26.87M
2018: €24.43M
2019: €26.46M
2020: €18.18M
2021: €23.51M
2022: €26.68M
2023: €26.87M
2018 → 2024
EBIT margin
-0.6%▼ 2.9pp
2023 · 2.2%
2018: -1.2%
2019: 0.0%
2020: -4.1%
2021: 3.0%
2022: 5.4%
2023: 2.2%
2018 → 2024
Net result
€-580k
2023 · €195k
2018: €-532k
2019: €-327k
2020: €-794k
2021: €500k
2022: €817k
2023: €195k
2018 → 2024
Working capital
€-75k
2023 · €1.07M
2018: €-1.40M
2019: €-818k
2020: €960k
2021: €1.78M
2022: €1.64M
2023: €1.07M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€18.18M-€23.51M▲ 29.3%€26.68M▲ 13.5%€26.87M▲ 0.7%€21.23M▼ 21.0%
Equity€7.76M-€8.26M▲ 6.4%€9.07M▲ 9.9%€9.27M▲ 2.1%€8.69M▼ 6.3%
Operating result€-753k-€700k€1.44M▲ 105%€604k▼ 58.0%€-131k
Net result€-794k-€500k€817k▲ 63.5%€195k▼ 76.2%€-580k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €131k after €604k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €20.19M
Fixed assets
€13.94M▼ 1.9%
Current assets
€6.26M▼ 7.9%
Equity and liabilities €20.19M
Equity
€8.69M▼ 6.3%
Provisions
€475k▼ 24.3%
Debt
€11.03M▼ 0.7%
The debt ratio rises from 52.9% to 54.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€789k▼
2023 · €1.67M
Cash flow
€340k▼
2023 · €1.26M
Solvency
43.0%▼
2023 · 44.1%
Current ratio
0.99▼
2023 · 1.19
Quick ratio
0.61▼
2023 · 0.64
Debt / equity
1.27▲
2023 · 1.20
ROE
-6.7%▼
2023 · 2.1%
ROA
-2.9%▼
2023 · 0.9%
Interest coverage
1.75▼
2023 · 4.91
Debt
€11.03M▼
2023 · €11.11M
Debt ≤ 1 year
€6.33M▲
2023 · €5.72M
Debt > 1 year
€4.54M▼
2023 · €5.11M
Staff costs
€6.68M▼
2023 · €7.27M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€21.00M€20.19M▼
Fixed assets21/28€14.21M€13.94M▼
Tangible fixed assets22/27€5.29M€5.02M▼
Land and buildings22€104k€77k▼
Plant, machinery and equipment23€669k€1.07M▲
Furniture and vehicles24€91k€82k▼
Leasing and similar rights25€4.42M€3.70M▼
Assets under construction and advance payments27-€83k
Financial fixed assets28€8.92M€8.92M=
Affiliated companies280/1€8.92M€8.92M=
Amounts receivable281€8.92M€8.92M=
Current assets29/58€6.79M€6.26M▼
Stocks and contracts in progress3€3.13M€2.40M▼
Stocks30/36€3.13M€2.40M▼
Raw materials and consumables30/31€1.05M€977k▼
Work in progress32€1.96M€1.31M▼
Finished goods33€120k€118k▼
Amounts receivable within one year40/41€2.35M€2.64M▲
Trade receivables40€2.21M€2.42M▲
Other amounts receivable41€142k€222k▲
Cash at bank and in hand54/58€1.01M€907k▼
Deferred charges and accrued income490/1€302k€303k▲
Equity and liabilities
Total equity and liabilities10/49€21.00M€20.19M▼
Equity10/15€9.27M€8.69M▼
Contributions10/11€9.39M€9.39M=
Capital10€9.39M€9.39M=
Issued capital100€9.39M€9.39M=
Reserves13€4.93M€4.93M=
Distributable reserves133€4.93M€4.93M=
Profit (loss) carried forward14€-5.05M€-5.64M▼
Provisions and deferred taxes16€627k€475k▼
Provisions for liabilities and charges160/5€627k€475k▼
Pensions and similar obligations160€25k€10k▼
Major repairs and maintenance162€236k€236k=
Environmental obligations163€294k€229k▼
Other liabilities and charges164/5€72k-
Amounts payable17/49€11.11M€11.03M▼
Amounts payable after more than one year17€5.11M€4.54M▼
Financial debts170/4€5.11M€4.54M▼
Subordinated loans170€950k€830k▼
Leasing and similar obligations172€3.80M€3.34M▼
Credit institutions173€367k€367k=
Amounts payable within one year42/48€5.72M€6.33M▲
Current portion of amounts payable after more than one year42€1.19M€973k▼
Financial debts43€1.65M€1.79M▲
Credit institutions430/8€1.65M€1.79M▲
Trade debts44€1.61M€1.98M▲
Suppliers440/4€1.61M€1.98M▲
Advances received on contracts in progress46-€500k
Taxes, remuneration and social security45€1.27M€1.10M▼
Taxes450/3€162k€175k▲
Remuneration and social security454/9€1.11M€921k▼
Accrued charges and deferred income492/3€273k€158k▼
Income statement
Code20232024
Operating income70/76A€26.92M€20.76M▼
Turnover70€26.87M€21.23M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-291k€-723k▼
Other operating income74€340k€254k▼
Non-recurring operating income76A-€5k
Operating charges60/66A€26.32M€20.89M▼
Goods for resale, raw materials and consumables60€14.05M€10.07M▼
Purchases600/8€13.76M€10.03M▼
Change in stocks: decrease (increase)609€292k€47k▼
Services and other goods61€4.12M€3.20M▼
Remuneration, social security and pensions62€7.27M€6.68M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.07M€920k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€33k€-39k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-441k€-152k▲
Other operating charges640/8€209k€214k▲
Operating profit (loss)9901€604k€-131k▼
Financial income75/76B€51k€7k▼
Recurring financial income75€51k€7k▼
Other financial income752/9€51k€7k▼
Financial charges65/66B€350k€456k▲
Recurring financial charges65€350k€456k▲
Debt charges650€341k€451k▲
Other financial charges652/9€9k€5k▼
Profit (loss) for the period before taxes9903€306k€-580k▼
Income taxes67/77€111k-
Taxes670/3€111k-
Profit (loss) for the period9904€195k€-580k▼
Profit (loss) for the period to be appropriated9905€195k€-580k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5.05M€-5.64M▼
Profit (loss) brought forward from the previous period14P€-5.25M€-5.05M▲
Social balance
Average headcount (FTE)9087115.6110.9▼
The notes to these accounts (78 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €817k ▲63.5%
Operating result €1.44M, net result €817k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €500k
Net result €500k after 3 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-794k
Net result drops to €-794k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2015
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
15-06-2015
MAES MARC BVBA: Resigned as Director
15-06-2015
SWAP NV: Resigned as Director
04-06-2015
MILLER MARSH POND: Resigned as Managing director
19-09-2013
Dumpro International BVBA: Resigned as Director
19-09-2013
Manofex BVBA: Resigned as Director
Location & real-estate footprint
Registered office, Hamont-Achel · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nobelstraat 23930 Hamont-AchelGround area
5.7 ha
Building footprint
1.9 ha
Parcel 72012E0081/00A007, Flanders. Linked by address, not a title deed.
1 establishment unit
PUNCH METALS
since 19972.084.330.951
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72012E0081/00A007 | Flanders | 5.7 ha | 1 · 1.9 ha | - |
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.
Statutory auditor
1 auditor| VGD Bedrijfsrevisoren Statutory auditor · represented by Philip De Meyer | - → 19-12-2024 |
Public money · subsidies and aid
Flemish government
2022 to 2025 · 16 entries · 650,191 EUR awarded · 307,998 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 5 | 15,377 EUR | 15,377 EUR |
| 2024 | 5 | 587,770 EUR | 245,417 EUR |
| 2023 | 3 | 27,327 EUR | 29,857 EUR |
| 2022 | 3 | 19,717 EUR | 17,347 EUR |
Schemes
Ontwikkelingsproject
Vlaams opleidingsverlof (VOV)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Individueel Maatwerk
Recognitions · licences · registrations
Dual-learning approval
1 endedSimilar companies · same sector, comparable size
PLASCOBEL
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PUNCH POWERTRAIN
BE 0463.278.829
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FOMECO
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BROSE GENT
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Gent · Eq €10.38M
Of 195 companies in sector 29320 we hold annual accounts for 124. 56 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-11-1997
Fiscal year end31-12
Activities, NACEBEL
29320Manufacture of motor vehicles, trailers and semi-trailers
34300
24330Manufacture of basic metals
25110Manufacture of metal structures and parts of structures
25402Manufacture of fabricated metal products, except machinery and equipment
25502Manufacture of fabricated metal products, except machinery and equipment
25530Machining of metals
27330
28110
28402
28520
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:Raf.Schildermans@punchmetals.com
Phone:011399309
Fax:011399350