PICCARD ENGINEERING
ActivePICCARD ENGINEERING has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €235k and a net result of €4k. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 63% of 1985 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▼-71
Solvency71▼-13
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.79 against 1.3 in 2024), and 41.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
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
58.7%
Return on assets
0.9%
Age of the figures
12 mo
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 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
4 d early
2022
10 d late
2021
2 d early
2020
3 d early
2019
1 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€235k▼ 11.3%
2024 · €265k
2018: €62k
2019: €73k
2020: €118k
2021: €181k
2022: €187k
2023: €223k
2024: €265k
2018 → 2025
Total assets
€399k▼ 3.9%
2024 · €416k
2018: €133k
2019: €154k
2020: €232k
2021: €473k
2022: €488k
2023: €441k
2024: €416k
2018 → 2025
Net result
€4k▼ 91.4%
2024 · €42k
2018: €-23k
2019: €10k
2020: €46k
2021: €63k
2022: €41k
2023: €36k
2024: €42k
2018 → 2025
Working capital
€-18k
2024 · €15k
2018: €48k
2019: €53k
2020: €58k
2021: €57k
2022: €3k
2023: €8k
2024: €15k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€181k-€187k▲ 3.0%€223k▲ 19.3%€265k▲ 18.7%€235k▼ 11.3%
Operating result€71k-€32k▼ 54.5%€16k▼ 50.0%€3k▼ 80.8%€-50
Net result€63k-€41k▼ 34.8%€36k▼ 11.9%€42k▲ 15.6%€4k▼ 91.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €50 after €3k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €399k
Fixed assets
€331k▼ 5.1%
Current assets
€69k▲ 2.4%
Equity and liabilities €399k
Equity
€235k▼ 11.3%
Debt
€165k▲ 9.0%
The debt ratio rises from 36.4% to 41.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€26k▼
2024 · €28k
Cash flow
€29k▼
2024 · €67k
Solvency
58.7%▼
2024 · 63.6%
Current ratio
0.79▼
2024 · 1.30
Quick ratio
0.79▼
2024 · 1.30
Debt / equity
0.70▲
2024 · 0.57
ROE
1.5%▼
2024 · 15.8%
ROA
0.9%▼
2024 · 10.0%
Interest coverage
6.82▲
2024 · 5.45
Debt
€165k▲
2024 · €151k
Debt ≤ 1 year
€86k▲
2024 · €52k
Debt > 1 year
€76k▼
2024 · €98k
Income taxes
€3k▼
2024 · €6k
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€416k€399k▼
Fixed assets21/28€349k€331k▼
Tangible fixed assets22/27€67k€50k▼
Land and buildings22€784€0▼
Plant, machinery and equipment23€11k€7k▼
Furniture and vehicles24€55k€42k▼
Financial fixed assets28€281k€281k=
Current assets29/58€67k€69k▲
Amounts receivable within one year40/41€27k€26k▼
Trade receivables40€18k€26k▲
Other amounts receivable41€9k€650▼
Cash at bank and in hand54/58€37k€38k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€416k€399k▼
Equity10/15€265k€235k▼
Contributions10/11€6k€6k=
Reserves13€258k€228k▼
Distributable reserves133€258k€228k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€151k€165k▲
Amounts payable after more than one year17€98k€76k▼
Financial debts170/4€98k€76k▼
Amounts payable within one year42/48€52k€86k▲
Current portion of amounts payable after more than one year42€21k€22k▲
Financial debts43€11k€920▼
Credit institutions430/8€11k€920▼
Trade debts44€211€3k▲
Suppliers440/4€211€3k▲
Taxes, remuneration and social security45€11k€15k▲
Taxes450/3€11k€15k▲
Other amounts payable47/48€8k€46k▲
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€26k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€31k€27k▼
Operating profit (loss)9901€3k€-50▼
Financial income75/76B€50k€10k▼
Recurring financial income75€50k€10k▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€48k€6k▼
Income taxes67/77€6k€3k▼
Profit (loss) for the period9904€42k€4k▼
Profit (loss) for the period to be appropriated9905€42k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€4k▼
Transfer from equity791/2-€33k
Transfer to equity691/2€42k€4k▼
To other reserves6921€42k€4k▼
Profit to be distributed694/7-€33k
Return on contributions (dividend)694-€33k
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (15 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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €200kEq €223k ▲19.3%
5 profitable years in a row build equity to €223k.
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 10 days late
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €63k ▲37.6%
Operating result €71k, net result €63k, both a record.
30-09
Financial
Equity above €150kEq €181k ▲53.1%
3 profitable years in a row build equity to €181k.
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €100kEq €118k ▲62.9%
2 profitable years in a row build equity to €118k.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
23-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 25 days late
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Heusden-Zolder · 1 establishment unit since 2009
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.
Terlaemenlaan 53550 Heusden-ZolderGround area
1,234 m²
Building footprint
185 m²
Volume, LiDAR
1,254 m³
Parcel 71065F0501/00V000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gentlemen's Gun Collective
since 20092.181.044.406
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065F0501/00V000 | Flanders | 1,234 m² | 1 · 185 m² | 9.6 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 553 EUR awarded · 553 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 553 EUR | 553 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,510 companies in sector 71121 we hold annual accounts for 6,526. 5,009 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-09-2009
Fiscal year end30-09
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.