PICATECH
ActiveSummary
PICATECH has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95,580 and a net result of €95,330. Its solvency ranks better than 47% of 11,675 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €95,580
- Profit
- €95,330
Why 96raises riskFounded in 2024lowers riskLiquidity: current ratio 1.64, cash €144,397Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Size: total assets €187,684Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro): better than 49% on solvency, 64% on liquidity and 88% on profitability.
The bankruptcy probability was computed on 18-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointment: CARELLA Giuseppe (director) ·…
Financials · financial year 2025, micro format
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00441046.
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 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 74.5% 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 39,278 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.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,084 |
| Other operating charges640/8 | €503 |
| Gross operating margin9900 | €147,717 |
| Operating profit (loss)9901 | €132,130 |
| Financial income75/76B | €11 |
| Recurring financial income75 | €11 |
| Financial charges65/66B | €91 |
| Recurring financial charges65 | €91 |
| Profit (loss) for the period before taxes9903 | €132,050 |
| Income taxes67/77 | €36,720 |
| Profit (loss) for the period9904 | €95,330 |
| Profit (loss) for the period to be appropriated9905 | €95,330 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €187,684 | |
| Fixed assets21/28 | €36,999 | |
| Tangible fixed assets22/27 | €36,999 | |
| Plant, machinery and equipment23 | €7,473 | |
| Furniture and vehicles24 | €29,526 | |
| Current assets29/58 | €150,684 | |
| Amounts receivable within one year40/41 | €4,692 | |
| Trade receivables40 | €4,692 | |
| Cash at bank and in hand54/58 | €144,397 | |
| Deferred charges and accrued income490/1 | €1,595 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €187,684 | |
| Equity10/15 | €95,580 | |
| Contributions10/11 | €250 | |
| Reserves13 | €95,330 | |
| Distributable reserves133 | €95,330 | |
| Amounts payable17/49 | €92,104 | |
| Amounts payable within one year42/48 | €92,104 | |
| Trade debts44 | €387 | |
| Suppliers440/4 | €387 | |
| Taxes, remuneration and social security45 | €47,159 | |
| Taxes450/3 | €47,159 | |
| Other amounts payable47/48 | €44,557 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €95,330 |
| + Depreciation and write-downs630 | €15,084 |
| Operating cash flow (approximation) | €110,414 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00441046 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
13-03
Gazette deed
IncorporationAppointment: CARELLA Giuseppe (director) · Founder · Founding capital16 facts ▸
- Other provision, “prognose, gebudgetteerde resultatenrekening” (deed in Dutch)
- Founder, CARELLA Giuseppe
- Other provision, “bekwaamheid comparant, instrumenterende notaris” (deed in Dutch)
- Other provision, “toelichting en voorlezing akte, volledige voorlezing gekregen,identiteitsgegevens volledig en correct” (deed in Dutch)
- Other provision, “voorlezing ontwerp, integrale voorlezing indien prijs gesteld of ontwerp niet tijdig meegedeeld” (deed in Dutch)
- Incorporation, “PICATECH” (deed in Dutch)
- Other provision, 04-03-2024
- Founding capital, €250
- Bank account, “bijzondere rekening vennootschap in oprichting”, 250 (deed in Dutch)
- Registered office clause, “Steenweg 633,9470 Denderleeuw” (deed in Dutch)
- Board rule, 1
- Director appointment, CARELLA Giuseppe (director (not named in the articles))
- +4 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1006.972.539
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41402B0470/00H000 | Flanders | 2,132 m² | 1 · 166 m² | 10.2 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PICATECH
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan kan bij enkel besluit administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren vestigen…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, met of zonder beperking van duur” (deed in Dutch)“Vaste of evenredige vergoeding, algemene kosten los van representatie-,reis- en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Vergoeding voor inbrengen, winstverdeling en vereffeningsaldo” (deed in Dutch)“Op naam, aandeelhouders mogen kennis nemen betreffende hun effecten” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Prijs oorspronkelijke bekendmaking of bij betwisting door deskundige, onder levenden of overgang door overlijden” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment door beslissing algemene vergadering beslissende in vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen” (deed in Dutch)