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PICARD

Active
Public limited companyfounded 196858 yrs activeRue de Marche 139, 6600 Bastogne, BelgiumKBO/BCE: BE 0404.364.789
Summary

The computed 12-month bankruptcy probability of PICARD is 1.7% (moderate). The 2025 annual accounts show equity of €3.2m and a net result of -€97,528. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 30% of 4652 sector peers (fiscal year 2025). The company has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
PICARDActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of cars and light vans (up to 3.5 tonnes)
NACE 47811NACE 45113NACE 50103
#1 company by staff growth in the province of Luxembourg7 sites
Size
€41.6mturnover 2025
Staff
68.1 FTE
Equity
€3.2m
Loss
-€97,528
Financial health
55 Fair Checked score 2025
Bankruptcy chance 12 m
1.7%
Structure
Holdings
2
Auditor: REMON & COAccounts 2 d early1 of 17 deeds read
Why 55- Liquidity: current ratio 0.64, cash €144,308- Equity €3.2m (19.0% of total assets)- 1 change of registered office in 24 months- Sector Retail trade (NACE 47)Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 40% of its sector peers (NACE 47, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 44-9
equity 19.0% of total assets
Liquidity 20+4
short-term debt 59.1% · cash 0.9%
Profitability 38-7
return on assets -0.6%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (384 companies)
Last 24 months 11-2024: 1.0% 12-2024: 1.1%▲ +0.5% vs 11-2024 01-2025: 1.4%▲ +36.5% vs 12-2024 02-2025: 0.6%▼ -58.8% vs 01-2025 03-2025: 0.6%● 0.0% vs 02-2025 04-2025: 0.6%● 0.0% vs 03-2025 05-2025: 0.6%● 0.0% vs 04-2025 06-2025: 0.6%● 0.0% vs 05-2025 07-2025: 0.6%● 0.0% vs 06-2025 08-2025: 0.6%▼ -3.6% vs 07-2025lowest value 09-2025: 1.0%▲ +75.8% vs 08-2025 10-2025: 1.0%▲ +3.6% vs 09-2025 11-2025: 1.2%▲ +17.6% vs 10-2025 12-2025: 1.3%▲ +2.6% vs 11-2025 01-2026: 1.3%▲ +4.3% vs 12-2025 02-2026: 1.6%▲ +24.0% vs 01-2026 03-2026: 1.6%● 0.0% vs 02-2026 04-2026: 1.6%● 0.0% vs 03-2026 05-2026: 1.6%● 0.0% vs 04-2026 06-2026: 1.6%● 0.0% vs 05-2026 07-2026: 1.6%● 0.0% vs 06-2026 08-2026: 1.6%▼ -3.1% vs 07-2026 09-2026: 1.6%▲ +1.3% vs 08-2026 10-2026: 1.7%▲ +4.8% vs 09-2026highest value
  • Liquidity: current ratio 0.64, cash €144,308 raises the probability
  • Equity €3.2m (19.0% of total assets) raises the probability
  • 1 change of registered office in 24 months raises the probability
  • Sector Retail trade (NACE 47) raises the probability
Credit up to €170,000 at 30 days acceptable
Liquidity short (current ratio 0.64 against 0.32 in 2024; short-term debt: 59.1% and cash: 0.9% of total assets), and 81% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, medium-sized). Better than this share of them on solvency 41%, liquidity 26%, profitability 27%, growth against the median 65%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Liquidity: current ratio 0.64, cash €144,308
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Equity €3.2m (19.0% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Sector Retail trade (NACE 47)
In the bankruptcy model this factor raises the probability.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 d early
2024
1 d early
2023
1 d early
2022
on the day
2021
29 d late
2020
81 d late
2019
103 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 30 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close03-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Appointment: REMON & CO (statutory auditor)State Gazette act
  2. Annual accounts filedfiscal year 2025 · full…
  3. Weakest financial yearnet -€97,528

Key points

  • Positive: Turnover rose in 2025from €16.7m to €41.6m ▲ 149% View
  • Positive: Company by staff growth in the province of…in the Checked rankings #1 View
  • Active since 1968founded 01-01-1968 58 years View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2025
Turnover
€41.6m
Loss
-€97,528
Solvency
19.0%
Turnover▲ 149%
Net result
20192025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-01-2027
  1. 15-06-2026Appointment: REMON & CO (statutory auditor)
  2. 29-01-2026Annual accounts filed
  3. 30-06-2025Weakest financial year
Go to Timeline

Company details

Sites
7
Legal form
Public limited company
Activity
Retail sale of cars and light vans (up…NACE 47811
Founded
01-01-1968
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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