Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 11.4 to 3.3.
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Busy address KBO
36 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2026
PUNCHCO from Maldegem, company number BE0847355871, closed financial year 2026 with a result of € 6 million after tax. For that financial year PUNCHCO recorded revenue of € 3.1 million and equity of € 27.6 million. Compared with financial year 2025, the result moved from € 3.5 million to € 6 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 24, 2026.
€ 27.6 million
▲ 21% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6 million
▲ 71% vs 2025
Profit after tax over the fiscal year.
€ 1 million
▲ 134% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 1.2 million paid out
20 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2026
3.3
▼ 2.2 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 318,671
▼ 26% vs 2025
€ 96,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 319,457
▼ 22% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 5.8 million
▼ 24% vs 2025
€ 1.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2 million
▼ 44% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 288 days on average.
€ 69,490
▼ 18% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 3,212,157 | € 4,626,946 | € 4,892,021 | € 3,051,395 | ▼ 38% |
| Profit after taxes | € 5,688,507 | € 5,648,855 | € 3,504,956 | € 5,977,519 | ▲ 71% |
| Equity | € 15,371,495 | € 19,947,068 | € 22,786,082 | € 27,591,822 | ▲ 21% |
| Total debts | € 17,478,955 | € 16,375,635 | € 13,596,046 | € 9,067,929 | ▼ 33% |
| Cash | € 481,899 | € 803,232 | € 434,406 | € 1,016,091 | ▲ 134% |
| Retained profit | € 5,733,945 | € 10,309,518 | € 13,148,532 | € 17,954,272 | ▲ 37% |
| Dividend | € 1,080,816 | € 1,073,283 | € 665,942 | € 1,171,780 | ▲ 76% |
| Bank debt | € 12,660,000 | € 9,370,000 | € 7,580,000 | € 5,790,000 | ▼ 24% |
| Balance sheet total | € 32,850,450 | € 36,322,703 | € 36,382,128 | € 36,659,751 | ▲ 1% |
| Employees (FTE) | 10.3 | 11.4 | 5.5 | 3.3 | ▼ 2.2 |
Key figures of PUNCHCO, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to PUNCHCO?
What happened at PUNCHCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Huvaco CommV stepped down as director. NBB
- Rent & Invest BV stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 6 million (▲ 71% vs 2025). Source: NBB ↗
- Huvaco CommV became a director. NBB
- Rent & Invest BV became a director. NBB
- New establishment in Maldegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 5.7 million profit in 2023 to € 6 million profit in 2026.
Paid € 81,695 in corporate taxes since 2023.
Best year ever: 2026, with € 6 million profit.
Paid out € 4 million in dividends to the owners in total.
Management
The stake of STOCK PROJECTS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PUNCHCOThe shares are held by STOCK PROJECTS (20%). It owns 100% of Recon Bouw, 100% of Wienen Bouw, 100% of Adluga, 50% of Haaltert / Kuurne Construct and 50% of Haaltert / Kuurne land itself.
Directors
According to the 2026 annual accounts
Managing director · represented by Wim Huys
Also active at: Wienen Bouw, RECON BOUW, Haaltert/Kuurne land, Haaltert/Kuurne construct, Adluga
since 2022 · until 2028
Managing director · represented by Benedict Huys
Also active at: CLEANDIENST, Wienen Bouw, RECON BOUW, STOCK PROJECTS, RECON INTERNATIONAL, ASCOT BELGIUM, Ascot Construct, RECAD +5 more
since 2022 · until 2028
Shareholders
20%
Participations
Establishments
Establishment units
Physical locations of this company
Oude Weg 39
9991 Maldegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 36 companies are registered at this address.
All companies at this address →Wienen Bouw same network
€ 31.1 million revenue · 2025
RECON BOUW same network
€ 70.2 million revenue · 2026
STOCK PROJECTS same network
€ 372,980 gross margin · 2025
ASCOT BELGIUM same network
€ 7 million revenue · 2025
Ascot Construct same network
€ 22.1 million revenue · 2025
+31 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0847.355.871
- VAT number
- BE 0847.355.871
- Registered office
- Oude Weg 39, 9991 Maldegem
- Names & denominations
- PUNCHCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 July 2012
- Peppol
- Active · Active since 8 Jul 2025
- Activities · NACE
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