PICERNON

Active

Private limited company (pre-2019)founded 201411 yrs activeKempische steenweg 238, 3500 Hasselt, BelgiumKBO/BCE: BE 0506.730.770

Summary

The annual accounts of PICERNON for fiscal year 2025 show a net loss of 59% of the equity at the start of that year. The 2025 annual accounts show equity of €934 and a net result of -€1,345. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).

Risk analysisWatch Report Compare

PICERNONActiveChecked score 53/100

Risk analysis Report Compare

Activity

Activity not known1 site

Size

€13,461total assets 2025

Equity: €934
Loss: -€1,345

Turnover not published (abridged schema)

Financial health

53 Fair Checked score 2025

Bankruptcy chance 12 m: 0.9%

Structure

Accounts 17 d early0 of 1 deed read

Why 53Capped 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 €1,345, the second in a row (FY 2025)- No main activity registered+ Size: total assets €13,461+ Founded in 2014Show the evidence

Checked score

Score 2025

53 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 11% of its sector peers (no NACE code, micro)

Performance against the sector, not lower risk

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. Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 32-10

equity 6.9% of total assets

Liquidity 0-4

short-term debt 93.1% · cash 0.1%

Profitability 13-13

return on assets -10.0%

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 20 months 03-2025: 1.9% 04-2025: 1.9%▲ +2.7% vs 03-2025highest value 05-2025: 1.9%▼ -0.5% vs 04-2025 06-2025: 1.8%▼ -9.4% vs 05-2025 07-2025: 1.8%▲ +4.3% vs 06-2025 08-2025: 1.0%▼ -46.4% vs 07-2025 09-2025: 1.0%● 0.0% vs 08-2025 10-2025: 1.0%● 0.0% vs 09-2025 11-2025: 0.7%▼ -25.8% vs 10-2025 12-2025: 0.7%● 0.0% vs 11-2025 01-2026: 0.7%▼ -7.4% vs 12-2025lowest value 02-2026: 0.7%● 0.0% vs 01-2026lowest value 03-2026: 0.7%▲ +3.6% vs 02-2026 04-2026: 0.7%▼ -1.3% vs 03-2026 05-2026: 0.7%▼ -0.4% vs 04-2026 06-2026: 0.7%● 0.0% vs 05-2026 07-2026: 0.7%▲ +4.1% vs 06-2026 08-2026: 1.0%▲ +46.2% vs 07-2026 09-2026: 0.9%▼ -15.7% vs 08-2026 10-2026: 0.9%● 0.0% vs 09-2026

Size: total assets €13,461 lowers the probability for this profile
Loss of €1,345, the second in a row (FY 2025) raises the probability
Founded in 2014 lowers the probability for this profile
No main activity registered raises the probability

No publishable credit limit; credit only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity tight (current ratio 1.07 against 1.2 in 2024; short-term debt: 93.1% and cash: 0.1% of total assets), and 93.1% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 21%, liquidity 3%, profitability 13%, growth against the median 8%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Size: total assets €13,461

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Loss of €1,345, the second in a row (FY 2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Founded in 2014

In the bankruptcy model this factor lowers the probability for this profile.

KBO

No main activity registered

In the bankruptcy model this factor raises the probability.

KBO

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

17 d early

2024

2 d early

2023

5 d late

2022

28 d late

2021

72 d late

2020

27 d late

2019

22 d early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 7 accounts on average 13 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)

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. Usually files around 6 August (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

02-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage