PUNCH POWERTRAIN
ActiveSummary
PUNCH POWERTRAIN has been active since 1998 and the Belgian Official 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 about 62% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 9% of 95 sector peers (NACE 29, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Financials · financial year 2025, full format, standalone accounts
In the rankings
#1 company by total assets in Sint-Truiden, Manufacturing sector#5 company by equity in Limburg, Motor vehicles sector#5 employer in Sint-Truiden, Manufacturing sector
Turnover
€25.3m▼ 28.5%
2024 · €35.4m
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
€116.2m
2024 · -€103.3m
Working capital
-€69.5m▲ 72.5%
2024 · -€253.2m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €49.3m in 2025 against €69.1m in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€25.3m
2025
Operating result-€49.3m
2025
Net result€116.2m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€295.2m
2025
Equity€9.1m
2025
Debt€273.5m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€69.5m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)39.4%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency3.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.70
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)51.3
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 29, Manufacture of motor vehicles, trailers and semi-trailers: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€312.2m-€94.2m▼ 69.8%€108.5m▲ 15.2%€51.8m▼ 52.3%€25.4m▼ 51.0%€22.0m▼ 13.4%€35.4m▲ 61.0%€25.3m▼ 28.5%
Operating result€83.0m--€146.1m-€0.7m▲ 99.5%-€76.0m▼ 11,333%-€41.2m▲ 45.7%-€8.9m▲ 78.3%-€69.1m▼ 674%-€49.3m▲ 28.7%
Net result€66.7m--€154.0m-€4.6mbelow the sector's middle half▲ 97.0%-€92.5mbelow the sector's middle half▼ 1,917%-€59.4mbelow the sector's middle half▲ 35.8%-€61.4mbelow the sector's middle half▼ 3.4%-€103.3mbelow the sector's middle half▼ 68.2%€116.2mabove the sector's middle half
Equity€334.6m-€180.5m▼ 46.1%€174.7mabove the sector's middle half▼ 3.2%€82.1mabove the sector's middle half▼ 53.0%€22.6mabove the sector's middle half▼ 72.4%€9.1mwithin the sector's middle half▼ 59.8%-€94.3mbelow the sector's middle half€9.1mwithin the sector's middle half
Total assets€810.2m-€617.6m▼ 23.8%€594.3mabove the sector's middle half▼ 3.8%€541.2mabove the sector's middle half▼ 8.9%€517.6mabove the sector's middle half▼ 4.4%€528.7mabove the sector's middle half▲ 2.1%€317.6mabove the sector's middle half▼ 39.9%€295.2mabove the sector's middle half▼ 7.0%
Debt€474.0m-€417.9m▼ 11.8%€407.3m▼ 2.5%€455.7m▲ 11.9%€494.3m▲ 8.5%€519.0m▲ 5.0%€411.3m▼ 20.7%€273.5m▼ 33.5%
Working capital-€90.7m--€250.5m▼ 176%-€6.1mbelow the sector's middle half▲ 97.6%-€336.0mbelow the sector's middle half▼ 5,376%-€33.5mbelow the sector's middle half▲ 90.0%-€379.7mbelow the sector's middle half▼ 1,032%-€253.2mbelow the sector's middle half▲ 33.3%-€69.5mbelow the sector's middle half▲ 72.5%
Solvency41.3%-29.2%▼ 12.1pp29.4%within the sector's middle half▲ 0.2pp15.2%below the sector's middle half▼ 14.2pp4.4%below the sector's middle half▼ 10.8pp1.7%below the sector's middle half▼ 2.7pp-29.7%below the sector's middle half▼ 31.4pp3.1%below the sector's middle half▲ 32.8pp
Current ratio0.81-0.37▼ 0.440.96below the sector's middle half▲ 0.590.21below the sector's middle half▼ 0.750.69below the sector's middle half▲ 0.480.23below the sector's middle half▼ 0.460.33below the sector's middle half▲ 0.110.70below the sector's middle half▲ 0.36
Return on assets (ROA)8.2%--24.9%▼ 33.2pp-0.8%below the sector's middle half▲ 24.2pp-17.1%below the sector's middle half▼ 16.3pp-11.5%below the sector's middle half▲ 5.6pp-11.6%below the sector's middle half▼ 0.1pp-32.5%below the sector's middle half▼ 20.9pp39.4%above the sector's middle half▲ 71.9pp
Staff (FTE)1,046.1-1,020.9▼ 2.4%775.4above the sector's middle half▼ 24.0%483above the sector's middle half▼ 37.7%156within the sector's middle half▼ 67.7%65within the sector's middle half▼ 58.3%50.1within the sector's middle half▼ 22.9%51.3within the sector's middle half▲ 2.4%
above
within
below
the middle half of NACE 29, Manufacture of motor vehicles, trailers and semi-trailers: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €295.2m
Fixed assets
€134.8m ▼ 29.2%
Current assets
€160.4m ▲ 26.1%
Equity and liabilities €295.2m
Equity
€9.1m
Provisions
€12.7m
Debt
€273.5m
Debt finances 92.6% of the balance-sheet total.
Key figures and ratios
EBITDA
-€35.4m▲
2024 · -€49.5m
Cash flow
€130.1m▲
2024 · -€83.7m
Quick ratio
0.69▲
2024 · 0.32
Debt to equity
30.21
Interest coverage
-1057.42▼
2024 · -1.60
Debt ≤ 1 year
€230.0m▼
2024 · €380.4m
Debt > 1 year
€39.2m▲
2024 · €24.3m
Income taxes
-€76,772▲
2024 · -€1.0m
Staff costs
€9.3m▼
2024 · €10.5m
A ratio outside any meaningful range has been withheld (balance sheet total €295.2m, equity €9.1m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 166 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97.0% are still going.
- Medium-sized
- solvency under 10%
- a profit of 5% of the balance sheet or more
- without age
1.2%
went bankrupt
1.8%
stopped otherwise
97.0%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 166 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €207.1m | €88.2m | €71.2m | €55.1m | €69.6m | €38.0m | ▼ 45.4% |
| Turnover70 | €312.2m | €94.2m | €108.5m | €51.8m | €25.4m | €22.0m | €35.4m | €25.3m | ▼ 28.5% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | -€20.6m | -€7.7m | -€1.0m | €0.5m | -€0.3m | -€0.3m | ▼ 15.0% |
| Own construction capitalised72 | - | - | €49.1m | €9.6m | €6.9m | €3.1m | €7.7m | €6.0m | ▼ 23.1% |
| Other operating income74 | - | - | €63.8m | €33.3m | €22.3m | €27.4m | €8.5m | €2.1m | ▼ 75.5% |
| Non-recurring operating income76A | - | - | €6.4m | €1.2m | €17.6m | €2.1m | €18.3m | €5.0m | ▼ 72.6% |
| Operating charges60/66A | - | - | €207.8m | €164.2m | €112.4m | €64.0m | €138.8m | €87.3m | ▼ 37.1% |
| Goods for resale, raw materials and consumables60 | - | - | €58.4m | €25.1m | €15.1m | €12.0m | €24.7m | €14.5m | ▼ 41.4% |
| Purchases600/8 | - | - | €48.0m | €21.3m | €12.0m | €8.8m | €20.9m | €14.6m | ▼ 30.1% |
| Change in stocks: decrease (increase)609 | - | - | €10.4m | €3.8m | €3.1m | €3.2m | €3.8m | -€0.1m | - |
| Services and other goods61 | - | - | €60.7m | €46.5m | €48.8m | €25.6m | €24.5m | €10.2m | ▼ 58.3% |
| Remuneration, social security and pensions62 | - | - | €58.0m | €47.1m | €19.3m | €7.9m | €10.5m | €9.3m | ▼ 11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20.7m | €42.9m | €33.6m | €22.9m | €18.4m | €20.5m | €19.6m | €13.8m | ▼ 29.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€4.9m | €8.7m | €10.0m | -€2.3m | €24.1m | €0.01m | ▼ 99.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€1.5m | -€4.0m | -€2.1m | €0.001m | - | -€0.4m | - |
| Other operating charges640/8 | - | - | €5.1m | €4.5m | €0.9m | €0.2m | €0.5m | €3.8m | ▲ 635% |
| Non-recurring operating charges66A | - | - | -€1.7m | €13.3m | €2.0m | €0.004m | €34.7m | €36.0m | ▲ 3.8% |
| Operating profit (loss)9901 | €83.0m | -€146.1m | -€0.7m | -€76.0m | -€41.2m | -€8.9m | -€69.1m | -€49.3m | ▲ 28.7% |
| Financial income75/76B | - | - | €2.7m | €0.3m | €0.2m | €0.2m | €0.2m | €167.5m | ▲ 101,635% |
| Recurring financial income75 | €7.7m | €3.7m | €2.7m | €0.3m | €0.2m | €0.2m | €0.2m | €167.5m | ▲ 101,635% |
| Income from financial fixed assets750 | - | - | €0.05m | €0.05m | €0.05m | €0.09m | €0.1m | €1.0m | ▲ 838% |
| Income from current assets751 | - | - | €0.3m | €0.2m | €0.05m | €0.007m | €0.008m | €0.01m | ▲ 60.7% |
| Other financial income752/9 | - | - | €2.3m | €0.09m | €0.06m | €0.1m | €0.05m | €166.5m | ▲ 307,556% |
| Financial charges65/66B | - | - | €10.2m | €16.9m | €17.1m | €53.2m | €35.4m | €2.1m | ▼ 94.2% |
| Recurring financial charges65 | €22.1m | €11.3m | €10.2m | €16.9m | €17.1m | €30.2m | €33.1m | €2.1m | ▼ 93.8% |
| Debt charges650 | €4.7m | €6.4m | €6.4m | €14.5m | €15.5m | €28.0m | €30.9m | €0.03m | ▼ 99.9% |
| Other financial charges652/9 | - | - | €3.7m | €2.4m | €1.6m | €2.2m | €2.2m | €2.0m | ▼ 9.7% |
| Non-recurring financial charges66B | - | - | - | - | - | €23.0m | €2.3m | - | - |
| Profit (loss) for the period before taxes9903 | €68.5m | -€153.9m | -€8.1m | -€92.5m | -€58.2m | -€62.0m | -€104.3m | €116.1m | - |
| Income taxes67/77 | €1.8m | €0.1m | -€3.5m | €0.02m | €1.3m | -€0.5m | -€1.0m | -€0.08m | ▲ 92.3% |
| Taxes670/3 | - | - | €0.2m | €0.02m | €1.3m | €0.02m | €0.01m | €0.7m | ▲ 5,972% |
| Tax adjustments and reversals of tax provisions77 | - | - | €3.7m | - | - | €0.5m | €1.0m | €0.8m | ▼ 25.3% |
| Profit (loss) for the period9904 | €66.7m | -€154.0m | -€4.6m | -€92.5m | -€59.4m | -€61.4m | -€103.3m | €116.2m | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | - | €165.2m | - |
| Profit (loss) for the period to be appropriated9905 | €66.7m | -€154.0m | -€4.6m | -€92.5m | -€59.4m | -€61.4m | -€103.3m | -€49.0m | ▲ 52.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €810.2m | €617.6m | €594.3m | €541.2m | €517.6m | €528.7m | €317.6m | €295.2m | ▼ 7.0% |
| Fixed assets21/28 | €428.9m | €469.5m | €452.9m | €450.8m | €443.3m | €417.2m | €190.4m | €134.8m | ▼ 29.2% |
| Intangible fixed assets21 | €174.9m | €227.3m | €195.0m | €197.9m | €140.7m | €128.3m | €57.8m | €16.9m | ▼ 70.8% |
| Tangible fixed assets22/27 | €180.1m | €168.9m | €81.8m | €52.6m | €30.6m | €20.9m | €3.9m | €4.4m | ▲ 12.5% |
| Plant, machinery and equipment23 | - | - | €60.6m | €34.4m | €17.8m | €4.9m | €0.5m | €0.9m | ▲ 90.6% |
| Furniture and vehicles24 | - | - | €2.5m | €1.9m | €1.4m | €1.1m | €0.5m | €0.4m | ▼ 21.5% |
| Leasing and similar rights25 | - | - | €0.2m | €0.09m | €0.1m | €0.08m | €0.07m | €0.08m | ▲ 7.1% |
| Other tangible fixed assets26 | - | - | €4.5m | €4.1m | €7.8m | €12.9m | €2.9m | €2.4m | ▼ 15.2% |
| Assets under construction and advance payments27 | - | - | €14.1m | €12.0m | €3.5m | €1.9m | €0.004m | €0.6m | ▲ 15,463% |
| Financial fixed assets28 | €74.0m | €73.2m | €176.1m | €200.4m | €272.0m | €268.0m | €128.8m | €113.5m | ▼ 11.8% |
| Affiliated companies280/1 | - | - | €168.4m | €187.2m | €254.3m | €250.3m | €113.4m | €113.5m | ▲ 0.1% |
| Participating interests280 | - | - | €167.3m | €185.9m | €253.0m | €248.9m | €111.9m | €111.9m | = |
| Amounts receivable281 | - | - | €1.2m | €1.2m | €1.3m | €1.4m | €1.5m | €1.6m | ▲ 6.5% |
| Companies linked by participating interests282/3 | - | - | €6.8m | €12.8m | €17.3m | €17.3m | €15.0m | - | - |
| Participating interests282 | - | - | €6.8m | €12.8m | €17.3m | €17.3m | €15.0m | - | - |
| Other financial fixed assets284/8 | - | - | €0.9m | €0.5m | €0.5m | €0.5m | €0.4m | €0.08m | ▼ 80.4% |
| Amounts receivable and cash guarantees285/8 | - | - | €0.9m | €0.5m | €0.5m | €0.5m | €0.4m | €0.08m | ▼ 80.4% |
| Current assets29/58 | €381.3m | €148.2m | €141.4m | €90.4m | €74.2m | €111.5m | €127.2m | €160.4m | ▲ 26.1% |
| Amounts receivable after more than one year29 | - | - | €3.7m | €3.7m | €2.7m | €3.2m | €3.0m | €3.1m | ▲ 2.4% |
| Other amounts receivable291 | - | - | €3.7m | €3.7m | €2.7m | €3.2m | €3.0m | €3.1m | ▲ 2.4% |
| Stocks and contracts in progress3 | €72.0m | €55.4m | €29.0m | €9.1m | €7.3m | €7.1m | €3.6m | €0.8m | ▼ 77.8% |
| Stocks30/36 | - | - | €29.0m | €9.1m | €7.3m | €7.1m | €3.6m | €0.8m | ▼ 77.8% |
| Raw materials and consumables30/31 | - | - | €19.9m | €8.4m | €7.0m | €6.4m | €2.9m | €0.6m | ▼ 77.8% |
| Work in progress32 | - | - | €3.5m | €0.1m | €0.2m | €0.1m | €0.4m | €0.09m | ▼ 77.9% |
| Finished goods33 | - | - | €5.6m | €0.6m | €0.02m | €0.6m | €0.3m | €0.06m | ▼ 78.0% |
| Amounts receivable within one year40/41 | €298.9m | €80.1m | €95.7m | €69.5m | €58.6m | €94.8m | €117.1m | €152.5m | ▲ 30.3% |
| Trade receivables40 | - | - | €80.2m | €58.6m | €49.3m | €68.1m | €64.2m | €110.0m | ▲ 71.4% |
| Other amounts receivable41 | - | - | €15.5m | €10.9m | €9.3m | €26.7m | €52.9m | €42.6m | ▼ 19.5% |
| Cash at bank and in hand54/58 | €7.3m | €9.8m | €7.9m | €3.5m | €2.5m | €2.9m | €2.7m | €1.8m | ▼ 32.8% |
| Deferred charges and accrued income490/1 | - | - | €5.0m | €4.7m | €3.3m | €3.5m | €0.9m | €2.2m | ▲ 154% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €810.2m | €617.6m | €594.3m | €541.2m | €517.6m | €528.7m | €317.6m | €295.2m | ▼ 7.0% |
| Equity10/15 | €334.6m | €180.5m | €174.7m | €82.1m | €22.6m | €9.1m | -€94.3m | €9.1m | - |
| Contributions10/11 | €58.0m | €58.0m | €62.4m | €62.4m | €62.4m | €110.3m | €110.3m | €110.3m | = |
| Capital10 | - | - | €58.0m | €58.0m | €58.0m | €105.9m | €105.9m | €105.9m | = |
| Issued capital100 | - | - | €58.0m | €58.0m | €58.0m | €105.9m | €105.9m | €105.9m | = |
| Contributions outside capital11 | - | - | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Share premium1100/10 | - | - | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Reserves13 | €5.8m | €5.8m | €5.8m | €5.8m | €5.8m | €5.8m | €5.8m | €158.5m | ▲ 2,623% |
| Non-distributable reserves130/1 | - | - | €5.8m | €5.8m | €5.8m | €5.8m | €5.8m | €5.8m | = |
| Legal reserve130 | - | - | €5.8m | €5.8m | €5.8m | €5.8m | €5.8m | €5.8m | = |
| Other1319 | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Tax-exempt reserves132 | - | - | - | - | - | - | - | €152.7m | - |
| Profit (loss) carried forward14 | €264.5m | €110.5m | €105.9m | €13.4m | -€46.0m | -€107.5m | -€210.8m | -€259.8m | ▼ 23.2% |
| Investment grants15 | - | - | €0.6m | €0.5m | €0.5m | €0.5m | €0.4m | - | - |
| Provisions and deferred taxes16 | €1.7m | €19.3m | €12.3m | €3.4m | €0.6m | €0.6m | €0.6m | €12.7m | ▲ 2,037% |
| Provisions for liabilities and charges160/5 | - | - | €12.3m | €3.4m | €0.6m | €0.6m | €0.6m | €0.2m | ▼ 69.9% |
| Pensions and similar obligations160 | - | - | €2.9m | €1.5m | €0.002m | €0.002m | €0.002m | €0.003m | ▲ 24.0% |
| Other liabilities and charges164/5 | - | - | €9.4m | €2.0m | €0.6m | €0.6m | €0.6m | €0.2m | ▼ 70.3% |
| Deferred taxes168 | - | - | - | - | - | - | - | €12.5m | - |
| Amounts payable17/49 | €474.0m | €417.9m | €407.3m | €455.7m | €494.3m | €519.0m | €411.3m | €273.5m | ▼ 33.5% |
| Amounts payable after more than one year17 | - | €16.1m | €258.1m | €16.1m | €378.6m | €22.0m | €24.3m | €39.2m | ▲ 61.2% |
| Financial debts170/4 | - | - | €258.1m | €16.1m | €378.6m | €22.0m | €24.3m | €39.2m | ▲ 61.2% |
| Subordinated loans170 | - | - | €16.0m | €16.0m | €16.0m | €22.0m | €24.3m | €24.3m | = |
| Leasing and similar obligations172 | - | - | €0.1m | €0.04m | €0.08m | - | €0.07m | €0.08m | ▲ 6.6% |
| Credit institutions173 | - | - | €241.9m | - | €362.5m | - | - | - | - |
| Other loans174 | - | - | - | - | - | - | - | €14.9m | - |
| Amounts payable within one year42/48 | €472.0m | €398.7m | €147.5m | €426.4m | €107.8m | €491.1m | €380.4m | €230.0m | ▼ 39.6% |
| Current portion of amounts payable after more than one year42 | - | - | €0.07m | €0.06m | €0.04m | €0.02m | - | - | - |
| Financial debts43 | - | - | €112.6m | €355.4m | - | €380.2m | €274.7m | €71.1m | ▼ 74.1% |
| Credit institutions430/8 | - | - | €110.0m | €351.9m | - | €380.2m | €274.7m | €70.0m | ▼ 74.5% |
| Other loans439 | - | - | €2.6m | €3.4m | - | - | - | €1.1m | - |
| Trade debts44 | €94.6m | €34.5m | €17.0m | €56.8m | €84.5m | €82.3m | €101.9m | €154.9m | ▲ 51.9% |
| Suppliers440/4 | - | - | €17.0m | €56.8m | €84.5m | €82.3m | €101.9m | €154.9m | ▲ 51.9% |
| Advances received on contracts in progress46 | - | - | - | - | €16.7m | €23.2m | - | - | - |
| Taxes, remuneration and social security45 | - | - | €17.9m | €14.1m | €6.5m | €5.4m | €3.8m | €4.0m | ▲ 5.4% |
| Taxes450/3 | - | - | €1.4m | €1.5m | €1.2m | €1.3m | €0.5m | €0.3m | ▼ 40.1% |
| Remuneration and social security454/9 | - | - | €16.5m | €12.6m | €5.3m | €4.1m | €3.3m | €3.7m | ▲ 11.6% |
| Accrued charges and deferred income492/3 | - | - | €1.7m | €13.2m | €8.0m | €5.8m | €6.5m | €4.3m | ▼ 33.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66.7m | -€154.0m | -€4.6m | -€92.5m | -€59.4m | -€61.4m | -€103.3m | €116.2m | - |
| + Depreciation and write-downs630 | €20.7m | €42.9m | €33.6m | €22.9m | €18.4m | €20.5m | €19.6m | €13.8m | ▼ 29.6% |
| Operating cash flow (approximation) | €87.4m | -€111.1m | €29.0m | -€69.6m | -€41.0m | -€40.9m | -€83.7m | €130.1m | - |
| Investment in fixed assets (approximation) | - | -€83.4m | -€17.0m | -€20.8m | -€10.9m | €5.6m | €207.1m | €41.8m | ▼ 79.8% |
| Change in cash | - | €2.5m | -€1.9m | -€4.5m | -€1.0m | €0.4m | -€0.2m | -€0.9m | ▼ 377% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 43 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 30-06-2026 | 2026-00249279 |
| 31-12-2025 | consolidated | 30-06-2026 | 2026-00251399 |
| 31-12-2024 | full format | 12-11-2025 | 2025-00566516 |
| 31-12-2024 | consolidated | 12-11-2025 | 2025-00566373 |
| 31-12-2023 | consolidated | 01-08-2024 | 2024-00322517 |
| 31-12-2023 | full format | 29-07-2024 | 2024-00294593 |
| 31-12-2022 | full format | 06-12-2023 | 2023-00524783 |
| 31-12-2022 | consolidated | 06-12-2023 | 2023-00524744 |
| 31-12-2021 | consolidated | 30-06-2022 | 2022-20170395 |
| 31-12-2021 | full format | 29-06-2022 | 2022-20145079 |
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Of the 191 active companies whose main activity is manufacture of motor vehicles, trailers and semi-trailers (NACE 29320), figures are known for 128. 59 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 8 entries · €254,349 awarded · €254,349 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €0 | €34,926 |
| 2024 | 1 | €2,897 | €2,897 |
| 2023 | 2 | €36,327 | €168,327 |
| 2022 | 3 | €215,125 | €48,199 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.