PICARD immo
ActivePICARD immo has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €460k and a net result of €19k. Equity is growing by ~35.6% per year across the filed fiscal years. Its solvency ranks better than 56% of 4512 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability45▼-36
Solvency70▼-17
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.24 against 3.56 in 2024; short-term debt: 36.4% and cash: 19.9% of total assets), but 54.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
45.4%
Return on assets
1.9%
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
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 26-03-2026, 127 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
127 d early
2024
34 d early
2023
37 d early
2022
48 d early
2021
40 d early
2020
59 d early
2019
36 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€19k▼ 82.6%
2024 · €109k
2018: €39k
2019: €22k
2020: €51k
2021: €21k
2022: €48k
2023: €131k
2024: €109k
2018 → 2025
Working capital
€456k▲ 24.4%
2024 · €367k
2018: €24k
2019: €32k
2020: €78k
2021: €112k
2022: €168k
2023: €286k
2024: €367k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€153k-€201k▲ 31.2%€332k▲ 65.5%€441k▲ 32.8%€460k▲ 4.3%
Operating result€37k-€38k▲ 3.4%€-12k€21k€13k▼ 35.0%
Net result€21k-€48k▲ 130%€131k▲ 175%€109k▼ 17.0%€19k▼ 82.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.01M
Fixed assets
€188k▼ 7.9%
Current assets
€825k▲ 61.9%
Equity and liabilities €1.01M
Equity
€460k▲ 4.3%
Debt
€553k▲ 103%
The debt ratio rises from 38.3% to 54.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44k▲
2024 · €41k
Cash flow
€49k▼
2024 · €129k
Solvency
45.4%▼
2024 · 61.7%
Current ratio
2.24▼
2024 · 3.56
Quick ratio
2.24▼
2024 · 3.56
Debt / equity
1.20▲
2024 · 0.62
ROE
4.1%▼
2024 · 24.7%
ROA
1.9%▼
2024 · 15.3%
Interest coverage
2.86▼
2024 · 5.20
Debt
€553k▲
2024 · €273k
Debt ≤ 1 year
€369k▲
2024 · €143k
Debt > 1 year
€181k▲
2024 · €130k
Income taxes
€10k▲
2024 · €9k
Staff costs
€154k▲
2024 · €119k
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€714k€1.01M▲
Fixed assets21/28€204k€188k▼
Intangible fixed assets21€36k€29k▼
Tangible fixed assets22/27€156k€153k▼
Land and buildings22€134k€127k▼
Plant, machinery and equipment23€5k€6k▲
Furniture and vehicles24€17k€20k▲
Financial fixed assets28€12k€6k▼
Current assets29/58€510k€825k▲
Stocks and contracts in progress3-€451
Stocks30/36-€451
Amounts receivable within one year40/41€449k€592k▲
Trade receivables40€22k€30k▲
Other amounts receivable41€428k€562k▲
Cash at bank and in hand54/58€56k€201k▲
Deferred charges and accrued income490/1€4k€31k▲
Equity and liabilities
Total equity and liabilities10/49€714k€1.01M▲
Equity10/15€441k€460k▲
Contributions10/11€19k€19k=
Reserves13€420k€440k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€418k€438k▲
Profit (loss) carried forward14€2k€1k▼
Amounts payable17/49€273k€553k▲
Amounts payable after more than one year17€130k€181k▲
Financial debts170/4€130k€181k▲
Amounts payable within one year42/48€143k€369k▲
Current portion of amounts payable after more than one year42€10k€23k▲
Trade debts44€51k€26k▼
Suppliers440/4€51k€26k▼
Taxes, remuneration and social security45€26k€34k▲
Taxes450/3€12k€16k▲
Remuneration and social security454/9€15k€19k▲
Other amounts payable47/48€56k€285k▲
Accrued charges and deferred income492/3€410€3k▲
Income statement
Code20242025
Non-recurring operating income76A€2k€3k▲
Remuneration, social security and pensions62€119k€154k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€30k▲
Other operating charges640/8€3k€27k▲
Non-recurring operating charges66A€157€56▼
Gross operating margin9900€163k€224k▲
Operating profit (loss)9901€21k€13k▼
Financial income75/76B€105k€37k▼
Recurring financial income75€105k€37k▼
Financial charges65/66B€8k€21k▲
Recurring financial charges65€8k€15k▲
Non-recurring financial charges66B-€6k
Profit (loss) for the period before taxes9903€118k€29k▼
Income taxes67/77€9k€10k▲
Profit (loss) for the period9904€109k€19k▼
Profit (loss) for the period to be appropriated9905€109k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€112k€21k▼
Profit (loss) brought forward from the previous period14P€3k€2k▼
Transfer to equity691/2€110k€20k▼
To other reserves6921€110k€20k▼
Social balance
Average headcount (FTE)90873.23.2=
The notes to these accounts (23 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
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €19k ▼82.6%
Net result drops to €19k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €131k ▲175%
Net result €131k, the highest in the series.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €201k ▲31.2%
5 profitable years in a row build equity to €201k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €153k ▲15.7%
4 profitable years in a row build equity to €153k.
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €132k ▲61.9%
3 profitable years in a row build equity to €132k.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
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.
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, Hotton · 1 establishment unit since 2014
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.
Rue Simon 466990 HottonGround area
5,836 m²
Building footprint
181 m²
Parcel 83028D0833/00C002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue Simon 46, 6990 Hotton
since 20142.238.754.456
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83028D0833/00C002 | Wallonia | 5,836 m² | 1 · 181 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
Albatros Building Company
BE 0429.821.252
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GP LINE
BE 0835.818.811
Evere · Eq €460k
ASTRID I
BE 0474.271.305
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BG IMMO
BE 0679.598.133
Schilde · Eq €461k
IMMO CNNG
BE 0833.251.378
Welkenraedt · Eq €458k
Of 7,322 companies in sector 68110 we hold annual accounts for 5,381. 3,705 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-2014
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68310Real estate agency activities
68311Real estate activities
68201Renting and operating of own or leased residential real estate, excluding social housing
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
68329Real estate activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.