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PICANOL

Active
Public limited companyfounded 1928active for 97 yearsSteverlyncklaan 15, 8900 Ieper, BelgiumKBO/BCE: BE 0405.502.362
Summary

PICANOL has been active since 1928 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €148.8m and a net result of €17.2m. Equity is growing by about 3.4% per year across the filed financial years. Its solvency ranks better than 86% of 383 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
PICANOLActiveChecked score 94/100
Risk analysis ReportCompare

Group and network

Part of the group OOSTIEP GROUP 16 companies Group, risk and exposure

Holdings and subsidiaries

15 holdings · 15 subsidiaries in the tree

Holdings 15

Show 5 more holdings
Stated earlier (1)

Merged into this company on 19-07-2023.

All subsidiaries, including indirect ones 15

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

  • BURCKLE ET CIE S.A.FR 100%
  • Osterwalder AGCH 100%
  • Picanol (Suzhou Ind.Park) Textile Machinery Co LtdCN 100%
  • PICANOL (SUZHOU) TRADING C0 LTDCN 100%
  • Picanol of America Inc.US 100%
  • Picanol de Mexico S.A. de C.V.MX 99.99%
  • PICANOL do BRASILBR 99.99%
  • Picanol India Private ltdIN 99.99%
  • PROFERRO 99.99%
  • MELOTTE 99.96%
  • Psicontrol 99.9%1 subsidiary
    • PSICONTROL SRLRO 100%
  • PICANOL TEKSTIL MAKINALARI TIC. LTD. STI.TR 99.75%
  • PT Picanol IndonesiaID 99%
  • Tessenderlo Investment consolidated

According to the 2025 annual accounts of PICANOL and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Connections & network

4 current directors
Depth

The board mandates are listed below; here you explore them as a network.

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Board mandates elsewhere

1 board mandate
Board mandates of this companythis company sits on their board1
Vlaams-Chinese Kamer van Koophandel
1 location

Acquisitions and mergers

1 transaction
Took over:VERBRUGGE
BE 0441.554.490Gazette deed of 07-08-2023 (2 acts) · effective 19-07-2023

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