MANAGEMENT PICARD
ActiveMANAGEMENT PICARD has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €332k and a net result of €50k. Equity is growing by ~26.1% per year across the filed fiscal years. Its solvency ranks better than 40% of 8647 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+5
Solvency66▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.05 in 2024; short-term debt: 39.1% and cash: 0.1% of total assets), and 59.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.8%
Return on assets
6.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
44 d early
2023
42 d early
2022
38 d early
2021
45 d early
2020
53 d early
2019
52 d early
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€332k▲ 17.2%
2024 · €283k
2018: €30k
2019: €61k
2020: €97k
2021: €144k
2022: €199k
2023: €248k
2024: €283k
2018 → 2025
Total assets
€812k▼ 1.1%
2024 · €822k
2018: €832k
2019: €805k
2020: €807k
2021: €801k
2022: €816k
2023: €825k
2024: €822k
2018 → 2025
Net result
€50k▲ 30.7%
2024 · €38k
2018: €28k
2019: €31k
2020: €40k
2021: €48k
2022: €59k
2023: €41k
2024: €38k
2018 → 2025
Working capital
€-315k▲ 1.2%
2024 · €-319k
2018: €-271k
2019: €-292k
2020: €-309k
2021: €-319k
2022: €-325k
2023: €-341k
2024: €-319k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€144k-€199k▲ 37.5%€248k▲ 25.0%€283k▲ 14.0%€332k▲ 17.2%
Operating result€35k-€43k▲ 23.2%€27k▼ 38.7%€61k▲ 129%€79k▲ 29.2%
Net result€48k-€59k▲ 24.6%€41k▼ 30.0%€38k▼ 7.5%€50k▲ 30.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 29% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €812k
Fixed assets
€810k▲ 0.5%
Current assets
€3k▼ 82.3%
Equity and liabilities €812k
Equity
€332k▲ 17.2%
Debt
€481k▼ 10.8%
The debt ratio falls from 65.5% to 59.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€83k▲
2024 · €64k
Cash flow
€54k▲
2024 · €41k
Solvency
40.8%▲
2024 · 34.5%
Current ratio
0.01▼
2024 · 0.05
Quick ratio
0.01▼
2024 · 0.05
Debt / equity
1.45▼
2024 · 1.90
ROE
15.1%▲
2024 · 13.5%
ROA
6.2%▲
2024 · 4.7%
Interest coverage
10.06▲
2024 · 5.54
Debt
€481k▼
2024 · €539k
Debt ≤ 1 year
€318k▼
2024 · €335k
Debt > 1 year
€157k▼
2024 · €201k
Income taxes
€20k▲
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€822k€812k▼
Fixed assets21/28€806k€810k▲
Tangible fixed assets22/27€6k€10k▲
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€2k€6k▲
Financial fixed assets28€800k€800k=
Current assets29/58€16k€3k▼
Amounts receivable within one year40/41€7k€2k▼
Trade receivables40€7k€2k▼
Other amounts receivable41€7€29▲
Cash at bank and in hand54/58€9k€406▼
Deferred charges and accrued income490/1€752-
Equity and liabilities
Total equity and liabilities10/49€822k€812k▼
Equity10/15€283k€332k▲
Contributions10/11€27k€27k=
Reserves13€2k€50k▲
Distributable reserves133€2k€50k▲
Profit (loss) carried forward14€255k€255k=
Amounts payable17/49€539k€481k▼
Amounts payable after more than one year17€201k€157k▼
Financial debts170/4€201k€157k▼
Amounts payable within one year42/48€335k€318k▼
Current portion of amounts payable after more than one year42€40k€42k▲
Trade debts44€7k€4k▼
Suppliers440/4€7k€4k▼
Taxes, remuneration and social security45€10k€12k▲
Taxes450/3€10k€12k▲
Other amounts payable47/48€278k€260k▼
Accrued charges and deferred income492/3€3k€6k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€268€332▲
Gross operating margin9900€64k€83k▲
Operating profit (loss)9901€61k€79k▲
Financial charges65/66B€11k€8k▼
Recurring financial charges65€11k€8k▼
Profit (loss) for the period before taxes9903€49k€71k▲
Income taxes67/77€11k€20k▲
Profit (loss) for the period9904€38k€50k▲
Profit (loss) for the period to be appropriated9905€38k€50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€258k€305k▲
Profit (loss) brought forward from the previous period14P€220k€255k▲
Transfer to equity691/2-€49k
To other reserves6921-€49k
Profit to be distributed694/7€4k€2k▼
Directors or managers695€4k€2k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €248k ▲25%
6 profitable years in a row build equity to €248k.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €59k ▲24.6%
Net result €59k, the highest in the series.
31-12
Financial
Equity above €150kEq €199k ▲37.5%
5 profitable years in a row build equity to €199k.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €144k ▲49%
4 profitable years in a row build equity to €144k.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kortenaken · 1 establishment unit since 2008
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.
Uilstraat 673470 KortenakenGround area
2,989 m²
Building footprint
151 m²
Parcel 24042D0208/00C000, Flanders. Linked by address, not a title deed.
1 establishment unit
MANAGEMENT INGRID PICARD
since 20082.171.515.739
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24042D0208/00C000 | Flanders | 2,989 m² | 1 · 151 m² | - |
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.
Similar companies · same sector, comparable size
Also Space
BE 0787.733.139
Elsene · Eq €332k
ANTARES
BE 0443.782.621
Sint-Gillis (bij-Brussel) · Eq €332k
IMMOBILIERE BOPZ
BE 0433.724.711
Péruwelz · Eq €332k
MAIROBI
BE 0864.125.191
Wuustwezel · Eq €332k
FULLBOX
BE 0790.972.147
Gesves · Eq €332k
Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 37,535 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-05-2008
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.