Punch Powertrain E-Vehicles

Active

Public limited companyfounded 2022active for 4 yearsOndernemerslaan 5429, 3800 Sint-Truiden, BelgiumKBO/BCE: BE 0789.459.046

Summary

The computed 12-month bankruptcy probability of Punch Powertrain E-Vehicles is 2.2% (moderate). The 2025 annual accounts show negative equity (-€5.5m) and a net result of -€18.7m. Equity is shrinking by about 77% per year across the filed financial years. Its solvency ranks better than 5% of 383 sector peers (NACE 28, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

Punch Powertrain E-VehiclesActiveChecked score 50/100

Risk analysis Report Compare

Activity

Manufacture of machinery and equipment not elsewhere classified

NACE 28990

3rd largest company by total assets in Limburg, Machinery and equipment sector1 site

Size

€60.5mtotal assets 2025

Equity: -€5.5m
Loss: -€18.7m

Financial health

50 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 2.2%

Structure

Parent: PUNCH POWERTRAIN · 100%
Holdings: 2

Auditor: EY Bedrijfsrevisoren BV2025 accounts 31 days early1 of 6 deeds summarised

Why 50raises riskLiquidity: current ratio 0.29, cash €1,014, halved1 of the last 3 lateNegative equity -€5.5mlowers riskSize: total assets €60.5mShow the evidence

Checked score

Score 2025

50 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 4% of its sector peers (all companies)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 16-26

equity -9.0% of total assets

Liquidity 0-10

short-term debt 108.6% · cash 0.0%

Profitability 0-65

return on assets -30.8%

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (16 companies, NACE 28, large)

Last 24 months 11-2024: 2.2% 12-2024: 2.2%● unchanged vs 11-2024 01-2025: 2.2%● unchanged vs 12-2024 02-2025: 2.1%▼ -0.1 percentage points vs 01-2025 03-2025: 2.0%▼ -0.1 percentage points vs 02-2025 04-2025: 2.0%● unchanged vs 03-2025 05-2025: 1.9%▼ -0.1 percentage points vs 04-2025 06-2025: 1.9%● unchanged vs 05-2025 07-2025: 1.9%● unchanged vs 06-2025 08-2025: 2.4%▲ +0.5 percentage points vs 07-2025 09-2025: 2.6%▲ +0.2 percentage points vs 08-2025 10-2025: 3.7%▲ +1.1 percentage points vs 09-2025 11-2025: 3.8%▲ +0.1 percentage points vs 10-2025highest value 12-2025: 1.9%▼ -1.9 percentage points vs 11-2025 01-2026: 2.0%▲ +0.1 percentage points vs 12-2025 02-2026: 2.0%● unchanged vs 01-2026 03-2026: 2.0%● unchanged vs 02-2026 04-2026: 1.9%▼ -0.1 percentage points vs 03-2026 05-2026: 1.9%● unchanged vs 04-2026lowest value 06-2026: 2.0%▲ +0.1 percentage points vs 05-2026 07-2026: 2.2%▲ +0.2 percentage points vs 06-2026 08-2026: 2.2%● unchanged vs 07-2026 09-2026: 2.2%● unchanged vs 08-2026 10-2026: 2.2%● unchanged vs 09-2026

No credit on open account

Liquidity insufficient (current ratio 0.29, compared with 0.33 in 2024, below 1; short-term debt: 108.6% and cash: 0% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (all companies): better than 8% on solvency, 1% on liquidity, 4% on profitability and 3% on growth.

The bankruptcy probability was computed on 23-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Liquidity: current ratio 0.29, cash €1,014, halved

NBB · annual accounts

Size: total assets €60.5m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

1 of the last 3 late

NBB · filings

Negative equity -€5.5m

NBB · annual accounts

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

232425

2023 to 2025 · latest year -€5.5m

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 · 3 filings

Deviation from the deadline

2025

31 days early

2024

104 days late

2023

2 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 24 days after the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (3 of the last 3 filed years within 105 days of that day).

Companies Code · seven months

Where today falls in the filing period

24-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since incorporation in 2022.

KBO publications · our coverage

24-07-2026 Appointment: EY Bedrijfsrevisoren BV (statutory auditor)Gazette deed
30-06-2026 Annual accounts filedfinancial year 2025 · full…
12-11-2025 Annual accounts filedfinancial year 2024 · full…

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€5.5m View
Risk: 3 loss-making years in a rowloss financial year 2025 -€18.7m View
Caution: Result fell in 2025from -€1.7m to -€18.7m ▼ 970% View
Caution: Among the weakest 5% on solvencysector median 41.4% · 383 companies -9.0% View
Controlled by PUNCH POWERTRAINthe company in turn controls 2 companies 100% View

By topic

Financials

Financial year: 2025
Total assets: €60.5m
Loss: -€18.7m
Solvency: -9.0%

Turnover▼ 95.2%

Net result

20232024

Go to Financials

Board & ownership

Parent: PUNCH POWERTRAIN · 100%
Auditor: EY Bedrijfsrevisoren BV

Go to Board & ownership

Network & group

Subsidiaries: 2
Mergers and asset contributions: 1

2 subsidiaries

Go to Network & group

Timeline

Events: 4
Since: 2024
Next accounts: by 31-07-2027

29-07-2024Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Manufacture of machinery and equipment not elsewhere classifiedNACE 28990
Founded: 08-08-2022
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about Punch Powertrain E-Vehicles

What is the company number of Punch Powertrain E-Vehicles?: 0789.459.046. In Belgium the VAT number is the company number with BE in front: BE 0789.459.046.
Where is Punch Powertrain E-Vehicles based?: The registered office is at Ondernemerslaan 5429, 3800 Sint-Truiden.Company details
What does Punch Powertrain E-Vehicles do?: According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28990).
What is the legal form of Punch Powertrain E-Vehicles?: Public limited company (NV).
When was Punch Powertrain E-Vehicles founded?: On 08-08-2022.
Is Punch Powertrain E-Vehicles still active?: Yes, Punch Powertrain E-Vehicles is an active enterprise in the KBO register.
How many employees does Punch Powertrain E-Vehicles have?: On average 23.7 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of Punch Powertrain E-Vehicles?: €39,612 in financial year 2024, according to the filed annual accounts.
Is Punch Powertrain E-Vehicles profitable?: In financial year 2025, Punch Powertrain E-Vehicles made a loss of €18.7m.
Where can I find the annual accounts of Punch Powertrain E-Vehicles?: Punch Powertrain E-Vehicles filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Punch Powertrain E-Vehicles due?: By 31-07-2027, for financial year 2026.Timeline