Punch Projects

Active

Private limited companyfounded 20223 yrs activeMaldersesteenweg 32, 1840 Londerzeel, BelgiumKBO/BCE: BE 0791.840.791

Summary

Punch Projects has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187k and a net result of €57k. Equity is growing by ~55.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 9460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

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Checked score

Score 2025

93 / 100

Excellent

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency100=

Growth78=

Track record94

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €17k at 30 days acceptable

Liquidity ample (current ratio 18.32 against 5.84 in 2024; short-term debt: 4.5% and cash: 41.9% of total assets), and 4.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 71

Relative position

BE, all sectors

reference

Sector 71

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

95.5%

Return on assets

29.4%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 3 filings

Deviation from the deadline

2025

31 d late

2024

29 d late

2023

44 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€187k▲ 44.5%

2024 · €129k

2023: €42k 2024: €129k

2023 → 2025

Total assets

€195k▲ 25.8%

2024 · €155k

2023: €56k 2024: €155k

2023 → 2025

Net result

€57k▼ 33.7%

2024 · €87k

2023: €37k 2024: €87k

2023 → 2025

Working capital

€152k▲ 20.3%

2024 · €127k

2023: €40k 2024: €127k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€42k-€129k▲ 205%€187k▲ 44.5%

Operating result€52k-€109k▲ 108%€73k▼ 32.6%

Net result€37k-€87k▲ 132%€57k▼ 33.7%

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 33% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €195k

17.6%

82.4%

Fixed assets €34k ▲ 1,271%

Current assets €161k ▲ 5.4%

Equity and liabilities €195k

95.5%

Equity €187k ▲ 44.5%

Debt €9k ▼ 66.4%

Debt's share of the balance-sheet total falls from 16.9% to 4.5%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€85k▼

2024 · €110k

Cash flow

€69k▼

2024 · €88k

Current ratio

18.32▲

2024 · 5.84

Debt to equity

0.05▼

2024 · 0.20

ROE

30.8%▼

2024 · 67.2%

ROA

29.4%▼

2024 · 55.8%

Interest coverage

670.24▲

2024 · 58.39

Debt ≤ 1 year

€9k▼

2024 · €26k

Income taxes

€16k▼

2024 · €20k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines

Balance sheet Code20242025

Assets

Total assets20/58€155k€195k▲

Fixed assets21/28€3k€34k▲

Intangible fixed assets21-€2k

Tangible fixed assets22/27€3k€32k▲

Plant, machinery and equipment23€608€6k▲

Furniture and vehicles24€2k€26k▲

Current assets29/58€153k€161k▲

Amounts receivable within one year40/41€48k€29k▼

Trade receivables40€47k€27k▼

Other amounts receivable41€1k€2k▲

Current investments50/53-€50k

Cash at bank and in hand54/58€105k€82k▼

Equity and liabilities

Total equity and liabilities10/49€155k€195k▲

Equity10/15€129k€187k▲

Contributions10/11€5k€5k=

Profit (loss) carried forward14€124k€182k▲

Amounts payable17/49€26k€9k▼

Amounts payable within one year42/48€26k€9k▼

Financial debts43-€20

Credit institutions430/8-€20

Trade debts44€5k€8k▲

Suppliers440/4€5k€8k▲

Taxes, remuneration and social security45€21k-

Taxes450/3€20k-

Remuneration and social security454/9€542-

Other amounts payable47/48€567€1k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€11k▲

Other operating charges640/8€63-

Gross operating margin9900€110k€85k▼

Operating profit (loss)9901€109k€73k▼

Financial income75/76B-€58

Recurring financial income75-€58

Financial charges65/66B€2k€126▼

Recurring financial charges65€2k€126▼

Profit (loss) for the period before taxes9903€107k€73k▼

Income taxes67/77€20k€16k▼

Profit (loss) for the period9904€87k€57k▼

Profit (loss) for the period to be appropriated9905€87k€57k▼

Appropriation of the result

Profit (loss) to be appropriated9906€124k€182k▲

Profit (loss) brought forward from the previous period14P€37k€124k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 7Financial 4Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

31-12

Financial Liquidity triplescurrent ratio 18.32

Current ratio from 5.84 to 18.32; short-term debt falls from €26k to €9k.

31-12

Financial Equity above €150kEq €187k ▲44.5%

3 profitable years in a row build equity to €187k.

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

31-12

Financial Highest result since 2023net €87k ▲132%

Operating result €109k, net result €87k, both a record.

31-12

Financial Equity above €100kEq €129k ▲205%

2 profitable years in a row build equity to €129k.

17-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Londerzeel · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Maldersesteenweg 321840 Londerzeel

Ground area

1,418 m²

Building footprint

160 m²

Volume, LiDAR

886 m³

Parcel 23045B0096/00C000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Punch Projects

Maldersesteenweg 32, 1840 LonderzeelEngineering and related technical consultancy, excluding land surveyors

since 20222.337.395.934

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23045B0096/00C000	Flanders	1,418 m²	1 · 160 m²	8.5 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.

Public money · subsidies and aid

Flemish government

2023 to 2025 · 3 entries · 3,344 EUR awarded · 3,344 EUR paid

Year	Entries	awarded	paid
2025	1	1,148 EUR	1,148 EUR
2024	1	1,199 EUR	1,199 EUR
2023	1	997 EUR	997 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

3 entries · 3,344 EUR · 3,344 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

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FOOD WASTE SOLUTIONS

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Proxin

BE 0742.877.171

Antwerpen · Eq €186,400

Bouwadvies Brondeel

BE 0883.047.715

Waasmunster · Eq €186,791

Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 5,163 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded04-10-2022

Fiscal year end31-12

Activities, NACEBEL 2025

71121Engineering and related technical consultancy, excluding land surveyors

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.