PICCARD ENGINEERING
ActiveSummary
PICCARD ENGINEERING has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €234,648 and a net result of €3,606. Equity has been growing by about 19% per year since 2019. Its solvency ranks better than 63% of 2,559 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-09-2009 Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyors NACE 71121
- Establishment unit
- 2.181.044.406 3550 Heusden-Zolder, since 01-10-2009
- Financial year end
- 30 September
- Peppol
- Reachable since 15-09-2025
Board and ownership
Board
- Piccard PeterDirector
- Holdings
- Shares in 3 companies including DUBIMAX ENGINEERING and Engenius
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts to 30-09-2025
- Gross margin
- €27,244
- ▼ 11.6%
- Turnover
- ≈ €82,000
- estimated
- Profit
- €3,606
- ▼ 91.4%
- Equity
- €234,648
- ▼ 11.3%
- Total assets
- €399,481
- ▼ 3.9%
Score breakdownlowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Size: total assets €399,481Equity €234,648 (58.7% of total assets)Founded in 2009Show the evidence
Checked score
Score 2025
92
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 38% of micro companies in architecture and engineering (NACE 71)
Financial strength · tick: 2024
Strong
Solvency
84-5
equity 58.7% of total assets
Liquidity
55-5
short-term debt 21.6% · cash 9.6%
Profitability
70-7
return on assets 0.9%
Bankruptcy probability within 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).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025highest value
05-2025: 0.1%● unchanged vs 04-2025lowest value
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €21,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.79 (1.3 in 2024), below 1. Short-term debt is 21.6% and cash 9.6% of total assets. 41.3% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 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). It does better than 56% of them on solvency, 40% on liquidity, 32% on profitability and 26% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskneutral
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 day early
2024
1 day early
2023
4 days early
2022
10 days late
2021
2 days early
2020
3 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 29 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end02-11-2026 today30-04-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-04-2026 PDF all 16 filings
Turnover
≈ €82,000
Estimated: probably between €54,000 and €110,000
Total assets
€399,481▼ 3.9%
2024 · €415,694
Net result
€3,606▼ 91.4%
2024 · €41,710
Working capital
-€17,885
2024 · €15,351
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a loss of €50, after a profit of €3,076 in 2024. It is the lowest result since 2021.
Operating result-€50
2025
Net result€3,606
2025
Total assets€399,481
2025
Equity€234,648
2025
Debt€164,833
2025
Working capital-€17,885
2025
Return on assets (ROA)0.9%
2025
Solvency58.7%
2025
Current ratio0.79
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€13,979-€58,906▲ 321%€70,615▲ 19.9%€32,103▼ 54.5%€16,044▼ 50.0%€3,076▼ 80.8%-€50
Net result€10,492-€45,724above the sector's middle half▲ 336%€62,901within the sector's middle half▲ 37.6%€40,983within the sector's middle half▼ 34.8%€36,086within the sector's middle half▼ 11.9%€41,710within the sector's middle half▲ 15.6%€3,606within the sector's middle half▼ 91.4%
Equity€72,750-€118,474within the sector's middle half▲ 62.9%€181,375within the sector's middle half▲ 53.1%€186,732within the sector's middle half▲ 3.0%€222,817within the sector's middle half▲ 19.3%€264,527within the sector's middle half▲ 18.7%€234,648within the sector's middle half▼ 11.3%
Total assets€154,451-€232,454within the sector's middle half▲ 50.5%€472,869within the sector's middle half▲ 103%€488,479within the sector's middle half▲ 3.3%€440,514within the sector's middle half▼ 9.8%€415,694within the sector's middle half▼ 5.6%€399,481within the sector's middle half▼ 3.9%
Debt€81,701-€113,980▲ 39.5%€291,494▲ 156%€301,747▲ 3.5%€217,696▼ 27.9%€151,167▼ 30.6%€164,833▲ 9.0%
Working capital€52,761-€58,354within the sector's middle half▲ 10.6%€56,972within the sector's middle half▼ 2.4%€3,326below the sector's middle half▼ 94.2%€8,458below the sector's middle half▲ 154%€15,351within the sector's middle half▲ 81.5%-€17,885below the sector's middle half
Solvency47.1%-51.0%within the sector's middle half▲ 3.9pp38.4%within the sector's middle half▼ 12.6pp38.2%within the sector's middle half▼ 0.1pp50.6%within the sector's middle half▲ 12.4pp63.6%within the sector's middle half▲ 13.1pp58.7%within the sector's middle half▼ 4.9pp
Current ratio1.70-1.69within the sector's middle half▼ 0.011.63within the sector's middle half▼ 0.061.03below the sector's middle half▼ 0.601.13within the sector's middle half▲ 0.101.30within the sector's middle half▲ 0.160.79below the sector's middle half▼ 0.50
Return on assets (ROA)6.8%-19.7%within the sector's middle half▲ 12.9pp13.3%within the sector's middle half▼ 6.4pp8.4%within the sector's middle half▼ 4.9pp8.2%within the sector's middle half▼ 0.2pp10.0%within the sector's middle half▲ 1.8pp0.9%within the sector's middle half▼ 9.1pp
Staff (FTE)0below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €399,481
Fixed assets
€330,931 ▼ 5.1%
Current assets
€68,550 ▲ 2.4%
Equity and liabilities €399,481
Equity
€234,648 ▼ 11.3%
Debt
€164,833 ▲ 9.0%
Debt's share of the balance-sheet total rises from 36.4% to 41.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€25,688▼
2024 · €28,414
Cash flow
€29,343▼
2024 · €67,048
Debt to equity
0.70▲
2024 · 0.57
ROE
1.5%▼
2024 · 15.8%
Interest coverage
6.82▲
2024 · 5.45
Debt ≤ 1 year
€86,435▲
2024 · €51,620
Debt > 1 year
€76,118▼
2024 · €98,019
Income taxes
€2,595▼
2024 · €6,379
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €28,959 | €67,137 | €8,639 | €5,829 | €7,945 |
| Financial fixed assets | €215,000 | - | €7,500 | - | - |
| Depreciation and write-downs of the year | €7,516 | €14,964 | €25,794 | €25,338 | €25,737 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €553 awarded · €553 paidAnnual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €5,902 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,310 | €4,532 | €7,516 | €14,964 | €25,794 | €25,338 | €25,737 | ▲ 1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €297 | - | - | - | - |
| Other operating charges640/8 | - | - | €1,339 | €2,202 | €3,357 | €2,419 | €1,557 | ▼ 35.6% |
| Gross operating margin9900 | €20,672 | €64,897 | €79,470 | €49,566 | €45,195 | €30,833 | €27,244 | ▼ 11.6% |
| Operating profit (loss)9901 | €13,979 | €58,906 | €70,615 | €32,103 | €16,044 | €3,076 | -€50 | - |
| Financial income75/76B | - | - | €20,000 | €25,005 | €35,199 | €50,226 | €10,017 | ▼ 80.1% |
| Recurring financial income75 | - | €5,496 | €20,000 | €25,005 | €35,199 | €50,226 | €10,017 | ▼ 80.1% |
| Financial charges65/66B | - | - | €2,056 | €2,448 | €5,231 | €5,213 | €3,767 | ▼ 27.7% |
| Recurring financial charges65 | €950 | €1,602 | €2,056 | €2,448 | €5,231 | €5,213 | €3,767 | ▼ 27.7% |
| Profit (loss) for the period before taxes9903 | €13,029 | €62,800 | €88,559 | €54,660 | €46,013 | €48,089 | €6,201 | ▼ 87.1% |
| Income taxes67/77 | €2,538 | €17,076 | €25,658 | €13,677 | €9,928 | €6,379 | €2,595 | ▼ 59.3% |
| Profit (loss) for the period9904 | €10,492 | €45,724 | €62,901 | €40,983 | €36,086 | €41,710 | €3,606 | ▼ 91.4% |
| Profit (loss) for the period to be appropriated9905 | €10,492 | €45,724 | €62,901 | €40,983 | €36,086 | €41,710 | €3,606 | ▼ 91.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €154,451 | €232,454 | €472,869 | €488,479 | €440,514 | €415,694 | €399,481 | ▼ 3.9% |
| Fixed assets21/28 | €26,463 | €89,569 | €326,012 | €377,887 | €368,233 | €348,723 | €330,931 | ▼ 5.1% |
| Tangible fixed assets22/27 | €11,463 | €30,819 | €52,262 | €104,137 | €86,983 | €67,473 | €49,681 | ▼ 26.4% |
| Land and buildings22 | - | - | €4,754 | €3,431 | €2,107 | €784 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | €10,063 | €9,430 | €8,712 | €11,243 | €7,298 | ▼ 35.1% |
| Furniture and vehicles24 | - | - | €37,445 | €91,276 | €76,164 | €55,446 | €42,383 | ▼ 23.6% |
| Financial fixed assets28 | €15,000 | €58,750 | €273,750 | €273,750 | €281,250 | €281,250 | €281,250 | = |
| Current assets29/58 | €127,988 | €142,885 | €146,857 | €110,592 | €72,281 | €66,971 | €68,550 | ▲ 2.4% |
| Amounts receivable within one year40/41 | €64,249 | €62,149 | €77,204 | €58,750 | €50,178 | €27,297 | €26,256 | ▼ 3.8% |
| Trade receivables40 | - | - | €76,972 | €58,750 | €50,105 | €18,415 | €25,607 | ▲ 39.1% |
| Other amounts receivable41 | - | - | €232 | - | €72 | €8,882 | €650 | ▼ 92.7% |
| Cash at bank and in hand54/58 | €59,541 | €76,447 | €68,689 | €47,471 | €18,444 | €37,134 | €38,364 | ▲ 3.3% |
| Deferred charges and accrued income490/1 | - | - | €964 | €4,371 | €3,659 | €2,539 | €3,929 | ▲ 54.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €154,451 | €232,454 | €472,869 | €488,479 | €440,514 | €415,694 | €399,481 | ▼ 3.9% |
| Equity10/15 | €72,750 | €118,474 | €181,375 | €186,732 | €222,817 | €264,527 | €234,648 | ▼ 11.3% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €78,789 | €112,274 | €175,175 | €180,532 | €216,617 | €258,327 | €228,448 | ▼ 11.6% |
| Distributable reserves133 | - | - | €175,175 | €180,532 | €216,617 | €258,327 | €228,448 | ▼ 11.6% |
| Profit (loss) carried forward14 | -€12,239 | - | - | - | - | - | €0 | - |
| Amounts payable17/49 | €81,701 | €113,980 | €291,494 | €301,747 | €217,696 | €151,167 | €164,833 | ▲ 9.0% |
| Amounts payable after more than one year17 | €6,474 | €29,449 | €201,608 | €194,481 | €152,714 | €98,019 | €76,118 | ▼ 22.3% |
| Financial debts170/4 | - | - | €201,608 | €194,481 | €152,714 | €98,019 | €76,118 | ▼ 22.3% |
| Amounts payable within one year42/48 | €75,227 | €84,531 | €89,886 | €107,266 | €63,822 | €51,620 | €86,435 | ▲ 67.4% |
| Current portion of amounts payable after more than one year42 | - | - | €23,236 | €31,778 | €28,567 | €21,495 | €21,901 | ▲ 1.9% |
| Financial debts43 | - | - | €2,196 | €10,573 | €10,999 | €10,864 | €920 | ▼ 91.5% |
| Credit institutions430/8 | - | - | €2,196 | €10,573 | €10,999 | €10,864 | €920 | ▼ 91.5% |
| Trade debts44 | €23,814 | €20,175 | €16,074 | €14,780 | €999 | €211 | €2,583 | ▲ 12× |
| Suppliers440/4 | - | - | €16,074 | €14,780 | €999 | €211 | €2,583 | ▲ 12× |
| Taxes, remuneration and social security45 | - | - | €33,273 | €9,548 | €20,557 | €10,880 | €14,949 | ▲ 37.4% |
| Taxes450/3 | - | - | €33,273 | €9,548 | €20,557 | €10,880 | €14,949 | ▲ 37.4% |
| Other amounts payable47/48 | - | - | €15,106 | €40,588 | €2,700 | €8,171 | €46,081 | ▲ 464% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,160 | €1,527 | €2,280 | ▲ 49.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,492 | €45,724 | €62,901 | €40,983 | €36,086 | €41,710 | €3,606 | ▼ 91.4% |
| + Depreciation and write-downs630 | €3,310 | €4,532 | €7,516 | €14,964 | €25,794 | €25,338 | €25,737 | ▲ 1.6% |
| Operating cash flow (approximation) | €13,801 | €50,257 | €70,417 | €55,947 | €61,879 | €67,048 | €29,343 | ▼ 56.2% |
| Investment in fixed assets (approximation) | - | -€67,638 | -€243,959 | -€66,840 | -€16,139 | -€5,829 | -€7,945 | ▼ 36.3% |
| Change in cash | - | €16,906 | -€7,758 | -€21,218 | -€29,027 | €18,691 | €1,230 | ▼ 93.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 29-04-2026 | 2026-00092758 | |
| 30-09-2024 | abbreviated format | 29-04-2025 | 2025-00079608 | |
| 30-09-2023 | abbreviated format | 26-04-2024 | 2024-00070108 | |
| 30-09-2022 | abbreviated format | 10-05-2023 | 2023-00084337 | |
| 30-09-2021 | abbreviated format | 28-04-2022 | 2022-20014464 | |
| 30-09-2020 | micro format | 27-04-2021 | 2021-12100319 | |
| 30-09-2019 | micro format | 29-04-2020 | 2020-10600175 | |
| 30-09-2018 | micro format | 23-04-2019 | 2019-10500240 | |
| 30-09-2017 | micro format | 25-05-2018 | 2018-14000571 | |
| 30-09-2016 | abbreviated format | 27-04-2017 | 2017-10600301 |
Board & ownership
Directors
Directors
1 director
Piccard Peter
Current
Director · listed in the 2025 annual accounts, filed on 29-04-2026
Owners and capital
Owners
Network & group
Holdings and subsidiaries
3 holdingsHoldings 3
Source for every holding own accounts 30-09-2025
- Equity €25,000 Loss of €7,106 in 2025 (loss of €3,856 in 2024) Checked score 8250%
- Equity €279,063 Profit of €149,346 in 2025 (profit of €87,039 in 2024) Checked score 8550%
- Equity €55,187 Profit of €26,741 in 2025 (loss of €1,554 in 2024) Checked score 9625%
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of PICCARD ENGINEERING. Every other company they run is a node.
This company
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Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
29-04
abbreviated format · 1 day before the deadline
2025
30-09
Financial
Weakest financial yearnet €3,606 ▼91.4%
The net result drops to €3,606, the lowest from 2019 to 2025.
29-04
abbreviated format · 1 day before the deadline
2024
26-04
abbreviated format · 4 days before the deadline
2023
2022
28-04
abbreviated format · 2 days before the deadline
2021
30-09
Financial
Highest result from 2019 to 2025net €62,901 ▲37.6%
The operating result of €70,615 and the net result of €62,901 are both a record.
30-09
Financial
Equity above €150,000equity €181,375 ▲53.1%
With a profit in every financial year since 2019, equity grows to €181,375.
27-04
micro format · 3 days before the deadline
2020
30-09
Financial
Equity above €100,000equity €118,474 ▲62.9%
With a profit in every financial year since 2019, equity grows to €118,474.
Show earlier events
29-04
micro format · 1 day before the deadline
2019
23-04
micro format · 7 days before the deadline
2018
25-05
micro format · 25 days late
2017
27-04
abbreviated format · 3 days before the deadline
2009
05-10
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
PICCARD ENGINEERING in Dutch
Enterprise number
0818.862.419
Legal form
Private limited company
Status
Active, normale toestand
Founded
16-09-2009
Entity type
Legal entity
Registered office and establishments
Registered office
Terlaemenlaan 5, 3550 Heusden-Zolder, Belgium
Establishment unit
Gentlemen's Gun Collective, Terlaemenlaan 5, 3550 Heusden-Zolder since 01-10-2009 · unit number 2.181.044.40646649 Wholesale of other machinery and equipment
Activities
NACEBEL 202571121
Engineering and related technical consultancy, excluding land surveyors main activity
Codes under NACEBEL 2008
71121
Engineering activities main activity
Invoicing and payment
VAT number
BE 0818.862.419
Financial year and general meeting
Accounts at the NBBFinancial year end
30-09
Sites & property
Location
Buildings and parcels at the address
Ground area
1,234 m²
Building footprint
185 m²
Building volume
1,254 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71065F0501/00V000 | Flanders | 1,234 m² | 1 · 185 m² | 9.6 m · 2 |