Financials
- Fiscal year
- 2025
- Turnover
- €25.3m
- Profit
- €116.2m
- Solvency
- 3.1%
Turnover▼ 28.5%
Net result
20182025
PUNCH POWERTRAIN
ActiveSummary
PUNCH POWERTRAIN has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.1m and a net result of €116.2m. Equity is shrinking by ~62.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 9% of 81 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
What they do
Manufacture of motor vehicles, trailers and semi-trailers
NACE 29320NACE 34300
#1 company by total assets in Sint-Truiden, Manufacturing sector1 site
How big
€25.3mturnover 2025
- Staff
- 51.3 FTE
- Equity
- €9.1m
- Profit
- €116.2m
Who decides
- Board
- 4 members
- Holdings
- 2
Auditor: Pwc BedrijfsrevisorenAccounts 31 d early
Why 78- Liquidity: current ratio 0.70, cash €1.8m- Equity €9.1m (3.1% of total assets)- 1 of the last 3 late+ Founded in 1998Show the evidence
Checked score
Score 2025
78
/ 100
Excellent
Probability in this band: under 0.55%
Better than 24% of its sector peers (NACE 29)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
28+28
equity 3.1% of total assets
Liquidity
8+7
short-term debt 77.9% · cash 0.6%
Profitability
33+33
return on assets 39.4%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Liquidity: current ratio 0.70, cash €1.8m raises the probability
- Equity €9.1m (3.1% of total assets) raises the probability
- 1 of the last 3 late raises the probability
- Founded in 1998 lowers the probability for this profile
Credit up to €700,000 at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.33 in 2024; short-term debt: 77.9% and cash: 0.6% of total assets), and 96.9% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 29). Better than this share of them on solvency 8%, liquidity 8%, profitability 25%, growth against the median 54%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 81 sector peers (2025).
NBB · sector comparisonPosition among 81 sector peers
Solvency
better than 9%
← weakest
strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
31 d early
2024
104 d late
2023
2 d early
2022
128 d late
2021
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 33 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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. Usually files around 30 July (4 of the last 5 filed years within 105 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Resignations: Sebastien Mazoyer (director) and Yuming…Appointments: Lipu Wang (director) and…
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2025 · consolidated
Key points
- Positive: Back in profit in 2025after -€103.3m in 2024 €116.2m View
- Caution: Among the weakest 10% on solvencysector median 36.7% · 81 companies 3.1% View
- Board changedlatest change 01-05-2026 · 4 in office 1 joined · 2 left View
- Heads a groupcompanies controlled 4 View
- Flemish supportawarded 2022 - 2025 €254,349 View
By topic
Board & ownership
- Board
- 4 members
- Auditor
- Pwc Bedrijfsrevisoren
Go to Board & ownership
Network & group
- Subsidiaries
- 4
- Holdings
- 2
- Connected companies
- 82
- Mergers and contributions
- 2
4 subsidiaries
Timeline
- Events
- 78
- Since
- 2003
- Next accounts
- by 31-07-2027
- 18-08-2026Resignations: Sebastien Mazoyer (director) and Yuming Zhang…
- 30-06-2026Annual accounts filed
- 30-06-2026Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Manufacture of motor vehicles, trailers and semi-trailersNACE 29320
- Founded
- 30-04-1998
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- De Vennootschap heeft tot voorwerp, in België en in het buitenland, het ontwikkelen, het…
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