Skip to content

PICARD

Active
Public limited companyfounded 197254 yrs activeKolenmarkt 43, 1000 Brussel, BelgiumKBO/BCE: BE 0412.386.788
Summary

PICARD has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €546,339 and a net result of €46,030. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 90% of 9138 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
PICARDActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Activity
Non-specialised wholesale trade
NACE 46900Retail sale of games and toys NACE 47640NACE 47650
3 sites
Size
€617,323total assets 2025
Staff
6.6 FTE
Equity
€546,339
Profit
€46,030
Turnover not published (abridged schema)
Financial health
97 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Accounts 48 d early0 of 7 deeds read
Why 97+ Liquidity: current ratio 8.09, cash €321,830+ Founded in 1972+ Equity €546,339 (88.5% of total assets)+ Profit of €46,030 (FY 2025)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Better than 79% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 88.5% of total assets
Liquidity 99-1
short-term debt 11.4% · cash 52.1%
Profitability 78-4
return on assets 7.5%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,775 companies)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● 0.0% vs 11-2024lowest value 01-2025: < 0.1%● 0.0% vs 12-2024lowest value 02-2025: < 0.1%● 0.0% vs 01-2025lowest value 03-2025: < 0.1%● 0.0% vs 02-2025lowest value 04-2025: < 0.1%▲ +20.6% vs 03-2025highest value 05-2025: < 0.1%● 0.0% vs 04-2025highest value 06-2025: < 0.1%● 0.0% vs 05-2025highest value 07-2025: < 0.1%● 0.0% vs 06-2025highest value 08-2025: < 0.1%● 0.0% vs 07-2025highest value 09-2025: < 0.1%● 0.0% vs 08-2025highest value 10-2025: < 0.1%▼ -2.4% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%▲ +2.5% vs 12-2025highest value 02-2026: < 0.1%● 0.0% vs 01-2026highest value 03-2026: < 0.1%● 0.0% vs 02-2026highest value 04-2026: < 0.1%▼ -14.6% vs 03-2026 05-2026: < 0.1%● 0.0% vs 04-2026 06-2026: < 0.1%● 0.0% vs 05-2026 07-2026: < 0.1%● 0.0% vs 06-2026 08-2026: < 0.1%● 0.0% vs 07-2026 09-2026: < 0.1%● 0.0% vs 08-2026 10-2026: < 0.1%▼ -2.9% vs 09-2026lowest value
  • Liquidity: current ratio 8.09, cash €321,830 lowers the probability
  • Founded in 1972 lowers the probability for this profile
  • Equity €546,339 (88.5% of total assets) lowers the probability
  • Profit of €46,030 (FY 2025) lowers the probability
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 8.09 against 11.32 in 2024; short-term debt: 11.4% and cash: 52.1% of total assets), and 11.5% 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 46, micro). Better than this share of them on solvency 90%, liquidity 95%, profitability 69%, growth against the median 63%. 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.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Liquidity: current ratio 8.09, cash €321,830
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 1972
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Equity €546,339 (88.5% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Profit of €46,030 (FY 2025)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-03-2026, 48 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
48 d early
2024
47 d early
2023
4 d early
2022
4 d early
2021
1 d early
2020
on the day
2019
on the day
← 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 15 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 26 April (4 of the last 5 filed years within 43 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close03-10-2026 today30-04-2027 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. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Liquidity triplescurrent ratio 11.32

Key points

  • Positive: Among the best 10% on solvencysector median 43.6% · 9,138 companies 88.5% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Active since 1972founded 07-04-1972 54 years View

By topic

Financials

Fiscal year
2025
Total assets
€617,323
Profit
€46,030
Solvency
88.5%
Total assets▲ 13.3%
Net result
20192025
Go to Financials

Timeline

Events
18
Since
2017
Next accounts
by 30-04-2027
  1. 13-03-2026Annual accounts filed
  2. 14-03-2025Annual accounts filed
  3. 30-09-2024Liquidity triples
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Non-specialised wholesale tradeNACE 46900
Founded
07-04-1972
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure