Equity
€32,219 from €62,532 in 2008
Equity fell by 48% in 18 years.
PICCAYA
Lifetime
20 annual accounts with figures on one time axis, 28 filings since 1999peak €67,101 (2013)
-€20,113▼ €26,082
lowest -€38,721 (2016)
-€25,744▼ €23,311
peak €62,532 (2008)
€32,219▼ 44.4%
€3,955▼ 0.9%
peak 1 FTE (2014)
-not published
Board1 name since 2023
1 directorUYTTEBROECK Michel
Documentsfilings and deeds
29-10-20262 days before the deadline
2026micro format
Gross margin from €5,969 to -€20,113Loss of €25,744Equity from €57,964 to €32,219Cash from €47,165 to €23,669
Key points
from the 2026 annual accountsLosses
-€28,178 in two years
The 2025 and 2026 financial years closed with a loss. 2026 was the heaviest.
Position in the sector
-€25,744
Lower net result than 91% of companies in advertising and market research. Sector median €15,695 · 278 companies.
Turnover not published (micro format)
Checked score
56
Fair
Financially stronger than 50% of micro companies in advertising and market research (NACE 73)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,229 companies (NACE 73, micro).
About 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 03-2025lowest 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 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
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%▲ +0.1 percentage points vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €25,744, the second in a row (financial year 2026)
lowers risk
Liquidity: current ratio 7.76, cash €23,669
Equity €32,219 (89.1% of total assets)
Size: total assets €36,174
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 73, micro). It does better than 87% of them on solvency, 93% on liquidity, 6% on profitability and 15% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as PICCAYA has now. Each dot stands for 15 companies, two years later.
84.6%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PICCAYA itself is lower: 0.1% within 12 months. It rests on far more data about PICCAYA than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for PICCAYA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 7.76 (13.16 in 2025), above the usual 1.5. Short-term debt is 10.9% and cash 65.4% of total assets. 10.9% of the assets are financed with debt and provisions.
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
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1920212223242526
2019 to 2026 · latest year -€25,744
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 29-10-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
2 days early
2025
1 day early
2024
17 days early
2023
1 day early
2022
8 days late
2021
31 days early
2020
24 days late
← 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 3 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 30 October (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
07-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0461715743
Appointment: UYTTEBROECK Michel (director)
“Prestation dans le domaine musicale sous toutes ses formes (création de soirée, festivals, prestation de DJ…” (deed in French) · General meeting of 04-09-2023 · Gazette deed
First establishment
Brouwerijstraat 122, Ixelles
Incorporation
published on 31-10-1997 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PICCAYA Ixelles | €36,174 | -€20,113 | 89.1% | - |
| COM&COM Ixelles | €40,829 | -€9,299 | -33.0% | - |
| SEPT GRAPHIC DESIGN Ixelles | €28,223 | -€9,998 | -339.5% | - |
| PULSE INTERACTIVE COMMUNICATION Schaerbeek | €34,519 | -€4,311 | 67.4% | - |
| GRIBOUILLE Schaerbeek | €40,200 | €819 | 89.6% | - |
| Stéphanie Smeets Photography Zonhoven | €33,366 | -€10,650 | 21.0% | - |
| WE DID IT ! Wemmel | €39,767 | -€5,607 | 78.6% | - |
These companies have the same main activity as PICCAYA: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €28,200 and €40,800, founded between 1995 and 1999.
Official details
Source: KBO- Status
- Active since 21-10-1997Normal situation
- Activity
- Advertising agenciesNACE 73110and 4 others
- Establishment unit
- 2.083.994.5201050 Ixelles, since 29-10-1997
- Financial year end
- 31 March
- Peppol
- Reachable since 30-10-2024
Annual accounts to 31-03-2026
- €36,174▼ 41.6%
- Filing
- Filed on 29-10-2026, 2 days before the end of the filing period
Insights on PICCAYA
PICCAYA files the micro format. That format states no turnover. The gross margin fell from €11,877 in 2007 to -€20,113 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PICCAYA
- What is the company number of PICCAYA?
- The company number of PICCAYA is 0461.715.743. The VAT number is the same number with BE in front: BE 0461.715.743.
- Where is PICCAYA based?
- The registered office is at Brouwerijstraat 122, 1050 Ixelles.Company details
- What does PICCAYA do?
- According to the KBO register, the main activity is advertising agencies (NACE 73110).
- What is the legal form of PICCAYA?
- PICCAYA is a private limited company (BV).
- When was PICCAYA founded?
- PICCAYA was founded on 21-10-1997.
- Is PICCAYA still active?
- Yes, PICCAYA is an active enterprise in the KBO register.
- What is the turnover of PICCAYA?
- The annual accounts for financial year 2026 state no turnover. The micro format does not require it. In financial year 2023 turnover was €10,253.Financials
- Is PICCAYA profitable?
- In financial year 2026, PICCAYA made a loss of €25,744.
- Where can I find the annual accounts of PICCAYA?
- PICCAYA filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of PICCAYA due?
- PICCAYA must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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