Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 3 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 27 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Punch Powertrain E-Vehicles from Sint-Truiden, company number BE0789459046, closed financial year 2025 with a result of € -18.7 million after tax. Compared with financial year 2024, the result moved from € -1.7 million to € -18.7 million. 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 June 30, 2026.
€ -5.5 million
▼ € 18.7 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -18.7 million
▼ 970 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,014
▼ € 3.4 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -58.9 million.
People and assets in 2025
€ 37,292
▼ 95% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 15,095
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 65.5 million
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 9701 days on average.
€ 224,846
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 833,072 | € 39,612 | - | |
| Profit after taxes | € -38,464,376 | € -1,744,154 | € -18,655,884 | ▼ € 16.9 million |
| Equity | € 14,925,368 | € 13,181,214 | € -5,474,670 | ▼ € 18.7 million |
| Total debts | € 55,374,335 | € 64,610,424 | € 65,867,541 | ▲ 2% |
| Cash | - | € 3,425,830 | € 1,014 | ▼ € 3.4 million |
| Retained profit | € -38,464,376 | € -40,208,530 | € -58,864,414 | ▼ € 18.7 million |
| Balance sheet total | € 70,814,357 | € 77,900,410 | € 60,501,643 | ▼ 22% |
| Employees (FTE) | 102.2 | 23.7 | - |
Key figures of Punch Powertrain E-Vehicles, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Punch Powertrain E-Vehicles?
What happened at Punch Powertrain E-Vehicles in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Tianjun Liu stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 18.7 million. Source: NBB ↗
- Gaspar Gascon Abellan stepped down as director. NBB
- Sébastien Franck Mazoyer stepped down as director. NBB
- Sébastien Franck Mazoyer became a director. NBB
- Tianjun Liu became a director. NBB
- Gaspar Gascon Abellan became a director. NBB
- New establishment in Sint-Truiden. KBO
In short
From € 38.5 million loss in 2023 to € 18.7 million loss in 2025.
A new publication or filing at Punch Powertrain E-Vehicles? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of PUNCH POWERTRAIN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Punch Powertrain E-VehiclesThe shares are held by PUNCH POWERTRAIN (100%). It owns 100% of Punch Powertrain Franche SAS and 100% of Punch Powertrain Germany GMBH itself.
Directors
According to the 2025 annual accounts
Sébastien Franck Mazoyer
Managing director
Also active at: PUNCH POWERTRAIN, Punch Powertrain PSA e-transmissions
since 2023 · until 2026
since 2023 · until 2029
Gaspar Gascon Abellan
Director
since 2023 · until 2026
Shareholders
100%
Participations
Punch Powertrain Franche SAS
100%
Punch Powertrain Germany GMBH
100%
Establishments
Establishment units
Physical locations of this company
Ondernemerslaan 5429
3800 Sint-Truiden
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0789.459.046
- VAT number
- BE 0789.459.046
- Registered office
- Ondernemerslaan 5429, 3800 Sint-Truiden
- Names & denominations
- Punch Powertrain E-Vehicles
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 August 2022
- Peppol
- Active · Active since 1 Dec 2025
- Activities · NACE
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