Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PUNCH INTERNATIONAL from Knokke-Heist, company number BE0430860439, closed financial year 2025 with a result of € -31,567 after tax. For that financial year PUNCH INTERNATIONAL recorded a gross margin of € 2,553 and equity of € -244,320. Compared with financial year 2024, the result moved from € -46,910 to € -31,567. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ -244,320
▼ € 31,567 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -31,567
▲ 33 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -422,820.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 12,785
▼ 14% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 143,253
▼ 31% vs 2024
Loans from banks and other lenders, long and short.
€ 179,244
▲ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,435
▲ 12% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,146,185 | € -141,051 | € 5,421 | € 2,553 | ▼ 53% |
| Profit after taxes | € 799,942 | € -199,140 | € -46,910 | € -31,567 | ▲ € 15,343 |
| Equity | € 33,298 | € -165,842 | € -212,753 | € -244,320 | ▼ € 31,567 |
| Total debts | € 1,563,498 | € 1,691,086 | € 1,493,067 | € 1,520,105 | ▲ 2% |
| Land & buildings | € 105,902 | € 67,540 | € 51,496 | € 45,671 | ▼ 11% |
| Retained profit | € -145,202 | € -344,342 | € -391,253 | € -422,820 | ▼ € 31,567 |
| Bank debt | € 225,270 | € 230,476 | € 207,303 | € 143,253 | ▼ 31% |
| Balance sheet total | € 1,666,796 | € 1,595,244 | € 1,350,314 | € 1,345,785 |
Key figures of PUNCH INTERNATIONAL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to PUNCH INTERNATIONAL?
What happened at PUNCH INTERNATIONAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- WW Sablon Holdings stepped down as director. NBB
- Thomas Goubau stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 31,567. Source: NBB ↗
- WW Sablon Holdings became a director. NBB
- Thomas Goubau became a director. NBB
- New establishment in Knokke-Heist. KBO
- New establishment in Tervuren. KBO
- Start of the company according to the CBE. KBO
In short
From € 799,942 profit in 2022 to € 31,567 loss in 2025.
Paid € 9,895 in corporate taxes since 2022.
Best year ever: 2022, with € 799,942 profit.
Management
It owns 100% of Gold Cup itself.
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Thomas Goubau
Director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Elizabetlaan 32
8300 Knokke-Heist
Edelweisslaan 61
3080 Tervuren
Active since 4 May 1987
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0430.860.439
- VAT number
- BE 0430.860.439
- Registered office
- Elizabetlaan 32, 8300 Knokke-Heist
- Names & denominations
- PUNCH INTERNATIONAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 March 1987
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Handelsbemiddeling in de groothandel in meubelen, huishoudelijke artikelen en ijzerwaren
Handelsbemiddeling in meubels, huishoudelijke artikelen en ijzerwaren
Activiteiten van reclamebureaus
Overige zakelijke dienstverlening, neg
Publiciteitsagentschappen
Overige zakelijke dienstverlening, n.e.g.