PIC & CO
ActiveSummary
The computed 12-month bankruptcy probability of PIC & CO is 5.5% (elevated). The 2025 annual accounts show negative equity (-€26,789) and a net result of -€14,896. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 3833 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Limited-service restaurants, excluding mobile food services
NACE 56112Limited-service restaurants NACE 56102
1 site
How big
€8,942total assets 2025
- Equity
- -€26,789
- Loss
- -€14,896
Who decides
Accounts filed 20 d late0 of 5 deeds read
Why 13- Higher-failure-rate sector- Annual accounts: weaker financial profile- Higher-failure-rate region- Negative equity+ Long track recordFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency0=
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
5.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.79 in 2024; short-term debt: 287.8% and cash: 1.5% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-299.6%
Return on assets
-166.6%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€26,789
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
20 d late
2024
27 d late
2023
4 d late
2022
10 d early
2021
on the day
2020
20 d late
2019
1 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 5 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Weakest financial yearnet -€14,896
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €8,942Loss -€14,896Solvency -299.6%Liquidity 0.32
Total assets
€8,942▼ 64.8%
2018 - 2025
Net result
-€14,896
2018 - 2025
Equity
-€26,789▼ 125%
2018 - 2025
Solvency
-299.6%▼ 252.7pp
2018 - 2025
Financials · fiscal year 2025, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€16,210-€4,196-€6,722▼ 60.2%€7,323-€14,853
Net result€15,671within the sector's middle half-€4,681within the sector's middle half-€6,784within the sector's middle half▼ 44.9%€7,279within the sector's middle half-€14,896below the sector's middle half
Equity-€7,707below the sector's middle half▲ 67.0%-€12,388below the sector's middle half▼ 60.7%-€19,172below the sector's middle half▼ 54.8%-€11,894below the sector's middle half▲ 38.0%-€26,789below the sector's middle half▼ 125%
Total assets€43,534below the sector's middle half▲ 126%€23,129below the sector's middle half▼ 46.9%€16,761below the sector's middle half▼ 27.5%€25,374below the sector's middle half▲ 51.4%€8,942below the sector's middle half▼ 64.8%
Debt€51,241▲ 20.2%€35,517▼ 30.7%€35,933▲ 1.2%€37,268▲ 3.7%€35,731▼ 4.1%
Working capital-€11,982within the sector's middle half▲ 15.5%-€17,787within the sector's middle half▼ 48.4%-€18,095within the sector's middle half▼ 1.7%-€5,780within the sector's middle half▲ 68.1%-€17,374within the sector's middle half▼ 201%
Solvency-17.7%below the sector's middle half▲ 103.7pp-53.6%below the sector's middle half▼ 35.9pp-114.4%below the sector's middle half▼ 60.8pp-46.9%below the sector's middle half▲ 67.5pp-299.6%below the sector's middle half▼ 252.7pp
Current ratio0.68within the sector's middle half▲ 0.110.30below the sector's middle half▼ 0.380.30below the sector's middle half=0.79within the sector's middle half▲ 0.490.32below the sector's middle half▼ 0.46
Return on assets (ROA)36.0%above the sector's middle half▲ 59.8pp-20.2%below the sector's middle half▼ 56.2pp-40.5%below the sector's middle half▼ 20.2pp28.7%above the sector's middle half▲ 69.2pp-166.6%below the sector's middle half▼ 195.3pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14,853 after €7,323 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8,942
Fixed assets
€585 ▼ 85.0%
Current assets
€8,357 ▼ 61.1%
Equity and liabilities
Equity-€26,789
Debt€35,731
Equity is negative: debt (€35,731) exceeds the balance-sheet total (€8,942).
Key figures and ratios
Key figures and ratios
EBITDA
-€11,045▼
2024 · €12,360
Cash flow
-€11,089▼
2024 · €12,316
Quick ratio
0.02▼
2024 · 0.59
Interest coverage
-256.04▼
2024 · 280.64
Debt ≤ 1 year
€25,731▼
2024 · €27,268
Debt > 1 year
€10,000=
2024 · €10,000
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 5.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,906 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,656 | €5,206 | €5,038 | €5,037 | €3,807 | ▼ 24.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €520 | - | - |
| Other operating charges640/8 | €2,391 | €2,050 | €1,134 | €1,446 | €1,297 | ▼ 10.3% |
| Non-recurring operating charges66A | - | - | €97 | - | - | - |
| Gross operating margin9900 | €22,258 | €3,059 | -€453 | €14,325 | -€9,749 | ▼ 168% |
| Operating profit (loss)9901 | €16,210 | -€4,196 | -€6,722 | €7,323 | -€14,853 | ▼ 303% |
| Financial charges65/66B | €539 | €484 | €63 | €44 | €43 | ▼ 2.0% |
| Recurring financial charges65 | €539 | €484 | €63 | €44 | €43 | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | €15,671 | -€4,681 | -€6,784 | €7,279 | -€14,896 | ▼ 305% |
| Profit (loss) for the period9904 | €15,671 | -€4,681 | -€6,784 | €7,279 | -€14,896 | ▼ 305% |
| Profit (loss) for the period to be appropriated9905 | €15,671 | -€4,681 | -€6,784 | €7,279 | -€14,896 | ▼ 305% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,534 | €23,129 | €16,761 | €25,374 | €8,942 | ▼ 64.8% |
| Fixed assets21/28 | €18,137 | €15,399 | €8,923 | €3,886 | €585 | ▼ 85.0% |
| Tangible fixed assets22/27 | €18,097 | €15,359 | €8,883 | €3,846 | €545 | ▼ 85.8% |
| Plant, machinery and equipment23 | - | €423 | €198 | - | €379 | - |
| Furniture and vehicles24 | €6,069 | €5,891 | €3,564 | €1,286 | €165 | ▼ 87.1% |
| Other tangible fixed assets26 | €12,028 | €9,044 | €5,121 | €2,561 | - | - |
| Financial fixed assets28 | €40 | €40 | €40 | €40 | €40 | = |
| Current assets29/58 | €25,397 | €7,730 | €7,838 | €21,488 | €8,357 | ▼ 61.1% |
| Stocks and contracts in progress3 | €1,916 | €1,432 | €4,580 | €5,310 | €7,810 | ▲ 47.1% |
| Stocks30/36 | €1,916 | €1,432 | €4,580 | €5,310 | €7,810 | ▲ 47.1% |
| Amounts receivable within one year40/41 | €9,398 | €3,224 | €3,032 | €10,848 | €414 | ▼ 96.2% |
| Trade receivables40 | €6,117 | €71 | - | €10,654 | €400 | ▼ 96.2% |
| Other amounts receivable41 | €3,281 | €3,153 | €3,032 | €194 | €14 | ▼ 92.7% |
| Cash at bank and in hand54/58 | €14,083 | €3,074 | €225 | €5,330 | €133 | ▼ 97.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,534 | €23,129 | €16,761 | €25,374 | €8,942 | ▼ 64.8% |
| Equity10/15 | -€7,707 | -€12,388 | -€19,172 | -€11,894 | -€26,789 | ▼ 125% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€26,307 | -€30,988 | -€37,772 | -€30,494 | -€45,389 | ▼ 48.8% |
| Amounts payable17/49 | €51,241 | €35,517 | €35,933 | €37,268 | €35,731 | ▼ 4.1% |
| Amounts payable after more than one year17 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Other amounts payable178/9 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Amounts payable within one year42/48 | €37,379 | €25,517 | €25,933 | €27,268 | €25,731 | ▼ 5.6% |
| Trade debts44 | €242 | €2,843 | €1,874 | €1,833 | €2,721 | ▲ 48.4% |
| Suppliers440/4 | €242 | €2,843 | €1,874 | €1,833 | €2,721 | ▲ 48.4% |
| Other amounts payable47/48 | €37,137 | €22,674 | €24,059 | €25,435 | €23,010 | ▼ 9.5% |
| Accrued charges and deferred income492/3 | €3,862 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,671 | -€4,681 | -€6,784 | €7,279 | -€14,896 | ▼ 305% |
| + Depreciation and write-downs630 | €3,656 | €5,206 | €5,038 | €5,037 | €3,807 | ▼ 24.4% |
| Operating cash flow (approximation) | €19,327 | €525 | -€1,746 | €12,316 | -€11,089 | ▼ 190% |
| Investment in fixed assets (approximation) | - | -€2,467 | €1,438 | €0 | -€506 | - |
| Change in cash | - | -€11,009 | -€2,849 | €5,105 | -€5,197 | ▼ 202% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector and region
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,835 companies in this sector we hold annual accounts for 9,786. See the whole sector
Timeline
13 eventsLatest 20-08-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
2025
31-12
Financial
Weakest financial yearnet -€14,896
Net result drops to -€14,896, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €7,279
Net result €7,279 after 2 loss-making years.
04-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 4 days late
2023
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €15,671
Net result €15,671 after 3 loss-making years.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
01-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1 day late
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 8 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 13 days late
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company (pre-2019) · founded 22-02-2010Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded22-02-2010
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
47241Retail sale of bread and pastry (bakery outlets)
56220Contract catering and other food service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0823303831
Also
9925:BE0823303831
Registered
28-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 2010
Ground area
3,879 m²
Building footprint
549 m²
Volume, LiDAR
7,030 m³
2 parcels, Brussels, Wallonia · tallest building 19.2 m, ±6 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Rue de Dongelberg 2, 1315 Incourt
since 2010unit no. 2.187.757.103
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25043B0186/00V000 | Wallonia | 2,170 m² | 1 · 236 m² | 11.9 m · 3 fl. |
| 21019A0118/00Y006 | Brussels | 1,710 m² | 1 · 312 m² | 19.2 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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