ACTIVE

PUNCH POWERTRAIN

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Financial year 2025 · closed on 31/12/2025

Net result

116,2 M €

+212.5% YoY

Revenue

25,3 M €

-28.5% YoY

Equity

9,1 M €

+109.6% YoY

Workforce

51,3 ETP

+2.4% YoY

What does PUNCH POWERTRAIN do?

PUNCH POWERTRAIN is a Public limited company incorporated in 1998. Its registered office is in Sint-Truiden. It employs on average 51,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0463.278.829

Incorporation

30/04/1998

Legal form

Public limited company

Registered office

Ondernemerslaan 5429
3800 Sint-Truiden · FlandreSee on map

Contributed capital

110 308 921,00 €

Latest accounts

31/12/2025

Average workforce

51,3 ETP

Joint committees (2)

Signals

ProfitablePositive cashflowHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	25,3 M €	-28.5%	35,4 M €	+61.0%	22,0 M €	-13.4%	25,4 M €	-51.0%	51,8 M €	-45.0%	94,2 M €	-69.8%	312,2 M €	-29.3%	441,8 M €	+63.4%	270,4 M €	+43.6%	188,3 M €	+96.2%	96,0 M €	+9.6%	87,5 M €	+1.8%	86,0 M €	+48.3%	58,0 M €	+28.1%	45,3 M €	+100%	22,6 M €	-26.5%	30,8 M €	-28.2%	42,9 M €	-29.8%	61,1 M €
EBITDA	-35,8 M €	-41.5%	-25,3 M €	-372%	9,3 M €	+163%	-14,9 M €	+69.2%	-48,4 M €	+46.9%	-91,1 M €	-188%	103,1 M €	-44.7%	186,3 M €	+132%	80,3 M €	+58.0%	50,8 M €	+183%	18,0 M €	+56.2%	11,5 M €	+40.8%	8,2 M €	+44.3%	5,7 M €	+160%	2,2 M €	+172%	-3,0 M €	-367%	1,1 M €	-85.6%	7,9 M €	-23.8%	10,4 M €
Operating result	-49,3 M €	+28.7%	-69,1 M €	-674%	-8,9 M €	+78.3%	-41,2 M €	+45.7%	-76,0 M €	+48.0%	-146,1 M €	-276%	83,0 M €	-44.3%	148,9 M €	+103%	73,3 M €	+62.1%	45,2 M €	+258%	12,6 M €	+149%	5,1 M €	+60.7%	3,2 M €	+206%	1,0 M €	+139%	-2,7 M €	+64.7%	-7,6 M €	-55.3%	-4,9 M €	-324%	2,2 M €	-59.2%	5,3 M €
Net result	116,2 M €	+212%	-103,3 M €	-68.2%	-61,4 M €	-3.4%	-59,4 M €	+35.8%	-92,5 M €	+39.9%	-154,0 M €	-331%	66,7 M €	-41.8%	114,6 M €	+137%	48,3 M €	+32.2%	36,5 M €	+273%	9,8 M €	+118%	4,5 M €	+68.5%	2,7 M €	+61707%	-4,3 k €	+99.5%	-943,6 k €	+88.5%	-8,2 M €	-18.1%	-7,0 M €	-171%	9,8 M €	+52.3%	6,4 M €
Balance sheet
Equity	9,1 M €	+110%	-94,3 M €	-1136%	9,1 M €	-59.8%	22,6 M €	-72.4%	82,1 M €	-54.5%	180,5 M €	-46.1%	334,6 M €	+25.7%	266,2 M €	+75.6%	151,6 M €	+53.4%	98,8 M €	+59.4%	62,0 M €	+18.7%	52,2 M €	+9.4%	47,7 M €	+5.9%	45,1 M €	-0.3%	45,2 M €	+104%	22,2 M €	-5.7%	23,5 M €	-23.2%	30,6 M €	+46.3%	20,9 M €
Total assets	295,2 M €	-7.0%	317,6 M €	-39.9%	528,7 M €	+2.1%	517,6 M €	-4.4%	541,2 M €	-12.4%	617,6 M €	-23.8%	810,2 M €	+35.2%	599,3 M €	+99.1%	300,9 M €	+75.3%	171,7 M €	+58.6%	108,3 M €	+9.5%	98,9 M €	+12.2%	88,1 M €	+7.5%	82,0 M €	+3.7%	79,0 M €	+28.1%	61,7 M €	+1.2%	61,0 M €	-9.7%	67,5 M €	-7.8%	73,2 M €
Cash	1,8 M €	-32.8%	2,7 M €	-6.4%	2,9 M €	+17.2%	2,5 M €	-29.3%	3,5 M €	-64.8%	9,8 M €	+34.7%	7,3 M €	-19.0%	9,0 M €	-18.2%	11,0 M €	+511%	1,8 M €	+130%	785,8 k €	-82.5%	4,5 M €	+528%	716,6 k €	-61.9%	1,9 M €	-13.6%	2,2 M €	+215%	690,9 k €	-67.1%	2,1 M €	+117%	966,3 k €	+207%	314,7 k €
Debts	269,2 M €	-33.5%	404,8 M €	-21.1%	513,1 M €	+5.5%	486,3 M €	+9.9%	442,4 M €	+6.7%	414,8 M €	-12.1%	472,0 M €	+42.5%	331,1 M €	+125%	147,2 M €	+121%	66,6 M €	+53.6%	43,4 M €	-3.6%	45,0 M €	+19.4%	37,7 M €	+18.7%	31,8 M €	+18.2%	26,9 M €	-9.5%	29,7 M €	+10.3%	26,9 M €	+9.5%	24,6 M €	-33.5%	36,9 M €
Other
Workforce	51,3 ETP	+2.4%	50,1 ETP	-22.9%	65,0 ETP	-58.3%	156,0 ETP	-67.7%	483,0 ETP	-52.7%	1 020,9 ETP	-2.4%	1 046,1 ETP	+20.3%	869,4 ETP	+52.9%	568,6 ETP	+42.3%	399,6 ETP	+22.8%	325,5 ETP	+11.5%	292,0 ETP	+16.8%	250,1 ETP	+15.6%	216,4 ETP	+42.1%	152,3 ETP	-0.3%	152,8 ETP	-15.5%	180,9 ETP	-3.2%	186,9 ETP	-21.6%	238,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 101 ended

Active mandates

Tianjun Liu

Director · since 01 mai 2026 · until 01 mai 2032

Active

Wang Lipu

Director · since 01 mai 2026 · until 01 mai 2032

Active

Yong Yu

Director · since 02 avril 2024 · until 01 mars 2025

Active

Sébastien Franck Mazoyer

Managing director · since 15 mai 2023 · until 22 avril 2026

Active

Ye Ji

Director · since 01 août 2022 · until 01 mars 2031

Active

Yuming Zhang

Chairman of the board of directors · since 26 novembre 2021 · until 01 mai 2026

Active

Ended mandates

Yong Yu

Director · since 02 avril 2024 · until 02 avril 2030

Ended

Guangdong Li

Director · since 15 mai 2023 · until 29 mai 2029

Ended

Guangdong Li

Director · since 15 mai 2023 · until 02 avril 2030

Ended

Sébastien Franck Mazoyer

Managing director · since 15 mai 2023 · until 29 mai 2029

Ended

At this address

Other companies at this address

Company	CBE no.
Punch Powertrain E-Vehicles● Active	0789.459.046
SOLITHOR● Active	0773.820.270

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	m120-f-p
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2026	12/11/2025	29/07/2024	06/12/2023	29/06/2022	07/12/2021
General meeting	30/06/2026	10/11/2025	17/07/2024	28/11/2023	24/06/2022	01/01/9999
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

35 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	30/06/2026	Dutch	PDF
Full model	31/12/2024	10/11/2025	12/11/2025	Dutch	PDF
m120-f-p	31/12/2024	10/11/2025	12/11/2025	Dutch	PDF
Full model	31/12/2023	17/07/2024	29/07/2024	Dutch	PDF
m120-f-p	31/12/2023	17/07/2024	01/08/2024	Dutch	PDF
Full model	31/12/2022	28/11/2023	06/12/2023	Dutch	PDF
m120-f-p	31/12/2022	28/11/2023	06/12/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	29/06/2022	Dutch	PDF
m120-f-p	31/12/2021	24/06/2022	30/06/2022	Dutch	PDF
Full model	31/12/2020	28/06/2021	02/08/2021	Dutch	PDF
m120-f-pCorrection	31/12/2020	01/01/9999	07/12/2021	Dutch	PDF
m120-f-p	31/12/2020	28/06/2021	16/09/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	02/07/2020	Dutch	PDF
m120-f-p	31/12/2019	26/06/2020	03/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	26/07/2019	Dutch	PDF
m120-f-p	31/12/2018	28/06/2019	26/07/2019	Dutch	PDF
Full model	31/12/2017	12/06/2018	03/07/2018	Dutch	PDF
m120-f-p	31/12/2017	12/06/2018	03/07/2018	Dutch	PDF
Full model	31/12/2016	12/06/2017	22/06/2017	Dutch	PDF
m120-f-p	31/12/2016	12/06/2017	22/06/2017	Dutch	PDF
Full model	31/12/2015	13/06/2016	21/06/2016	Dutch	PDF
m120-f-p	31/12/2015	13/06/2016	21/06/2016	Dutch	PDF
Full model	31/12/2014	12/06/2015	16/06/2015	Dutch	PDF
m120-f-p	31/12/2014	12/06/2015	16/06/2015	Dutch	PDF

View all 35 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 101 ended

Active mandates

Tianjun Liu

Director · since 01 mai 2026 · until 01 mai 2032

Active

Wang Lipu

Director · since 01 mai 2026 · until 01 mai 2032

Active

Yong Yu

Director · since 02 avril 2024 · until 01 mars 2025

Active

Sébastien Franck Mazoyer

Managing director · since 15 mai 2023 · until 22 avril 2026

Active

Ye Ji

Director · since 01 août 2022 · until 01 mars 2031

Active

Yuming Zhang

Chairman of the board of directors · since 26 novembre 2021 · until 01 mai 2026

Active

Ended mandates

Yong Yu

Director · since 02 avril 2024 · until 02 avril 2030

Ended

Guangdong Li

Director · since 15 mai 2023 · until 29 mai 2029

Ended

Guangdong Li

Director · since 15 mai 2023 · until 02 avril 2030

Ended

Sébastien Franck Mazoyer

Managing director · since 15 mai 2023 · until 29 mai 2029

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/08/2026
Ontslagen en benoemingen - Raad van bestuur
PDF
Mandates10/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/01/2024
KAPITAAL - AANDELEN
PDF
Capital / shares08/12/2023
KAPITAAL - AANDELEN
PDF
Capital / shares17/11/2023
KAPITAAL - AANDELEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025116,2 M €↑
01/03/2025
reconductionYe Ji — bestuurder
01/03/2025
reconductionYuming Zhang — bestuurder
01/03/2025
reconductionMazoyer Sébastien — bestuurder
2024
Annual accounts 2024-103,3 M €↓
02/04/2024
nominationYong Yu — bestuurder
02/04/2024
reconductionYe Ji — bestuurder
02/04/2024
reconductionYuming Zhang — bestuurder
02/04/2024
reconductionLi Guangdong — bestuurder
02/04/2024
reconductionMazoyer Sébastien — bestuurder
2023
Annual accounts 2023-61,4 M €↓
21/12/2023
augmentation_capital
28/11/2023
nominationPeter D'hondt — commissaris
23/11/2023
augmentation_capital
27/10/2023
augmentation_capital
28/09/2023
augmentation_capital
07/08/2023
augmentation_capital
26/06/2023
augmentation_capital
16/05/2023
nominationSébastien Franck Mazoyer — gedelegeerd bestuurder
15/05/2023
nominationSébastien Franck Mazoyer — bestuurder
15/05/2023
nominationLi Guangdong — bestuurder
15/05/2023
reconductionYe Ji — bestuurder
15/05/2023
reconductionYuming Zhang — bestuurder
15/05/2023
reconductionBinghan Lin — bestuurder
12/05/2023
augmentation_capital
01/05/2023
nominationSébastien Mazayer — CEO
26/04/2023
augmentation_capital
26/01/2023
nominationJorge Solis — CEO / lid van het managementcomité
26/01/2023
nominationTerence (Tianjun) Liu — CFO / lid van het managementcomité
26/01/2023
nominationSébastien Mazoyer — CS&MO / lid van het managementcomité
26/01/2023
nominationJuan Carlos Flores Regla — CPO / lid van het managementcomité
26/01/2023
nominationYves Frenay — CHRO / lid van het managementcomité
26/01/2023
nominationGaspar Gascon Abellan — CTO / lid van het managementcomité
26/01/2023
nominationSteffen Bätzel — CQO / lid van het managementcomité
26/01/2023
augmentation_capital
01/01/2023
nominationLiu Tianjun — lid van het directiecomité
2022
Annual accounts 2022-59,4 M €↑
01/08/2022
nominationJi Ye — bestuurder
01/08/2022
nominationHans-Peter Kunze — bestuurder
01/08/2022
reconductionHans-Peter Kunze — bestuurder
01/08/2022
reconductionID&D NV — bestuurder
01/08/2022
reconductionYuming Zhang — bestuurder
01/08/2022
reconductionYing Zhang — bestuurder
01/08/2022
reconductionBinghan Lin — bestuurder
01/08/2022
reconductionMerakiSoL BV — bestuurder
01/08/2022
reconductionLeon Liu — bestuurder
01/08/2022
reconductionYan Lu — bestuurder
31/07/2022
nominationMerakiSol — lid van het directiecomité
31/07/2022
nominationYvKa BVBA — lid van het directiecomité
31/07/2022
nominationJuan Carlos Flores Regla — lid van het directiecomité
31/07/2022
nominationGaspar Gascon Abellan — lid van het directiecomité
31/07/2022
nominationSebastien Franck Mazoyer — lid van het directiecomité
31/07/2022
nominationSteffen Bätzel — lid van het directiecomité
19/05/2022
nominationYan Lu — bestuurder
19/05/2022
reconductionYuming Zhang — bestuurder
19/05/2022
reconductionYing Zhang — bestuurder
19/05/2022
reconductionBinghan Lin — bestuurder
19/05/2022
reconductionLeon Liu — bestuurder
14/03/2022
nominationJorge Solis Gonzalez — lid van het directiecomité
14/03/2022
nominationLoi leng Lam (Fiona) — lid van het directiecomité
14/03/2022
nominationYves Frenay — lid van het directiecomité
14/03/2022
nominationJuan Carlos Flores Regla — lid van het directiecomité
14/03/2022
nominationGaspar Gascon Abellan — lid van het directiecomité
14/03/2022
nominationSebastien Franck Mazoyer — lid van het directiecomité
14/03/2022
nominationSteffen Bätzel — lid van het directiecomité
2021
Annual accounts 2021-92,5 M €↑
2019
Annual accounts 2019-154,0 M €↓
2018
Annual accounts 201866,7 M €↓
2017
Annual accounts 2017114,6 M €↑
2016
Annual accounts 201648,3 M €↑
2015
Annual accounts 201536,5 M €↑
2014
Annual accounts 20149,8 M €↑
2013
Annual accounts 20134,5 M €↑
2012
Annual accounts 20122,7 M €↑
2011
Annual accounts 2011-4,3 k €↑
2010
Annual accounts 2010-943,6 k €↑
2009
Annual accounts 2009-8,2 M €↓
2008
Annual accounts 2008-7,0 M €↓
2007
Annual accounts 20079,8 M €↑
2006
Annual accounts 20066,4 M €
30/04/1998
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PUNCH POWERTRAIN

Overview

What does PUNCH POWERTRAIN do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline