PICKING - LOCK
ActiveSummary
PICKING - LOCK has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70,355 and a net result of €79,591, of which €109,407 non-recurring income. Equity has been shrinking by about 40% per year since 2018. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 38% of 2,331 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-02-2002 Normal situation
- Activity
- Manufacture of fabricated metal products, except machinery and equipment NACE 25620and 3 others
- Joint committee
- 149.04 Paritair Subcomité voor de metaalhandel · annual accounts 2025
- Establishment unit
- 2.098.859.076 6560 Erquelinnes, since 28-02-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €163,874
- ▲ 8.7%
- Turnover
- ≈ €410,000
- estimated
- Profit
- €79,591
- Equity
- €70,355
- Total assets
- €210,389
- ▼ 69.9%
- Staff
- 1.1 FTE
- ▼ 45.0%
Score breakdownraises risk1 change of registered office in 24 monthsSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskLiquidity: current ratio 1.48, cash €164,753Founded in 2002Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 25, micro). It does better than 36% of them on solvency, 65% on liquidity, 94% on profitability and 99% 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 24-07-2026 at the NBB all 24 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a profit of €88,391, after a loss of €8,374 in 2024. It is the highest result since 2021.
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.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). 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, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 2 | - |
| full-time | 2 | 2 | 2 | 2 | - |
| part-time | 0 | 0 | 0 | 0 | - |
| in full-time equivalents | 2 | 2 | 2 | 2 | - |
| Average over the year, in full-time equivalents | 2 | 2 | 2 | 2 | 1.1 |
| On a permanent contract | 2 | 2 | 2 | 2 | - |
| Joined | - | - | - | - | 0 |
| Left | - | - | - | - | 2 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €21,155 | - | €8,895 |
| Financial fixed assets | €2,073 | €1,400 | €352 | €250 | €0 |
| Depreciation and write-downs of the year | €30,888 | €24,954 | €20,476 | €14,592 | €474 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as PICKING - LOCK: manufacture of fabricated metal products, except machinery and equipment (NACE 25620). They are comparable in size and age: total assets between €146,000 and €385,000, founded between 1988 and 2009.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| PICKING - LOCK Binche | 2002 | €210,389 | €70,355 | €163,874 | - | €79,591 | - | 2025 |
| FERRONNERIE D'ART BOUCHEREAU Binche | 1992 | €225,973 | €175,799 | €154,041 | - | €33,226 | - | 2025 |
| H. GERARD ET DIDIER Bouillon | 2005 | €342,210 | €285,965 | €155,751 | - | €7,115 | - | 2024 |
| SERRURERIE NICOLI FILS Ukkel | 2002 | €382,077 | €290,829 | €135,575 | €355,512 | €18,073 | - | 2025 |
| SPIGA STEEL INOX Neupré | 2009 | €315,439 | €60,862 | €87,385 | - | €22,335 | - | 2025 |
| ABELINOX Chaudfontaine | 2000 | €145,660 | €68,978 | €62,846 | - | €3,859 | - | 2025 |
| BOUWSMEDERIJ NOEL Ranst | 1988 | €384,968 | €182,517 | €156,957 | - | €16,116 | 1 | 2025 |
They were chosen from the 134 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 31,368 companies had the same profile as PICKING - LOCK has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PICKING - LOCK itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 31,368 companies, not a prediction for PICKING - LOCK. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €5,785 | €0 | €109,407 | - |
| Remuneration, social security and pensions62 | - | - | - | €83,297 | €119,580 | €129,961 | €137,455 | €67,619 | ▼ 50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,659 | €44,875 | €42,221 | €30,888 | €24,954 | €20,476 | €14,592 | €474 | ▼ 96.8% |
| Other operating charges640/8 | - | - | - | €3,744 | €3,660 | €4,013 | €7,112 | €7,391 | ▲ 3.9% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - | - | - | - |
| Gross operating margin9900 | €168,165 | €142,236 | €81,505 | €120,594 | €138,999 | €171,935 | €150,785 | €163,874 | ▲ 8.7% |
| Operating profit (loss)9901 | €4,436 | -€19,972 | -€23,516 | €2,665 | -€9,195 | €17,485 | -€8,374 | €88,391 | - |
| Financial income75/76B | - | - | - | €1,922 | €748 | €731 | €848 | €2,312 | ▲ 172% |
| Recurring financial income75 | €3,516 | €2,831 | €2,486 | €1,922 | €748 | €731 | €848 | €2,312 | ▲ 172% |
| Financial charges65/66B | - | - | - | €9,362 | €15,581 | €27,229 | €28,922 | €11,111 | ▼ 61.6% |
| Recurring financial charges65 | €5,184 | €4,935 | €3,750 | €9,362 | €15,581 | €27,229 | €28,922 | €11,111 | ▼ 61.6% |
| Profit (loss) for the period before taxes9903 | €2,768 | -€22,076 | -€24,780 | -€4,774 | -€24,029 | -€9,013 | -€36,448 | €79,591 | - |
| Profit (loss) for the period9904 | €2,768 | -€22,076 | -€24,780 | -€4,774 | -€24,029 | -€9,013 | -€36,448 | €79,591 | - |
| Profit (loss) for the period to be appropriated9905 | €2,768 | -€22,076 | -€24,780 | -€4,774 | -€24,029 | -€9,013 | -€36,448 | €79,591 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €312,533 | €281,663 | €257,939 | €499,305 | €720,951 | €732,220 | €698,240 | €210,389 | ▼ 69.9% |
| Fixed assets21/28 | €175,659 | €164,206 | €118,488 | €89,674 | €66,120 | €67,151 | €52,809 | €2,562 | ▼ 95.1% |
| Tangible fixed assets22/27 | €169,802 | €158,896 | €116,675 | €85,787 | €60,832 | €61,512 | €46,920 | €749 | ▼ 98.4% |
| Land and buildings22 | - | - | - | €43,808 | €38,183 | €32,558 | €26,933 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €24,735 | €16,243 | €12,626 | €7,512 | €749 | ▼ 90.0% |
| Furniture and vehicles24 | - | - | - | €17,243 | €6,406 | €16,327 | €12,475 | €0 | ▼ 100% |
| Financial fixed assets28 | €5,857 | €5,310 | €1,814 | €3,887 | €5,288 | €5,639 | €5,890 | €1,814 | ▼ 69.2% |
| Current assets29/58 | €136,875 | €117,457 | €139,451 | €409,631 | €654,831 | €665,069 | €645,431 | €207,826 | ▼ 67.8% |
| Stocks and contracts in progress3 | - | - | €26,140 | €326,132 | €541,549 | €578,168 | €578,168 | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €326,132 | €541,549 | €578,168 | €578,168 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €30,363 | €21,700 | €36,985 | €49,931 | €43,577 | €44,654 | €41,167 | €39,483 | ▼ 4.1% |
| Trade receivables40 | - | - | - | €44,269 | €34,962 | €39,815 | €36,542 | €10,259 | ▼ 71.9% |
| Other amounts receivable41 | - | - | - | €5,661 | €8,615 | €4,839 | €4,625 | €29,225 | ▲ 532% |
| Cash at bank and in hand54/58 | €104,168 | €95,424 | €72,935 | €31,319 | €65,428 | €40,666 | €20,427 | €164,753 | ▲ 707% |
| Deferred charges and accrued income490/1 | - | - | - | €2,249 | €4,278 | €1,582 | €5,669 | €3,590 | ▼ 36.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €312,533 | €281,663 | €257,939 | €499,305 | €720,951 | €732,220 | €698,240 | €210,389 | ▼ 69.9% |
| Equity10/15 | €194,343 | €169,436 | €142,170 | €64,338 | €39,562 | €29,819 | -€7,360 | €70,355 | - |
| Contributions10/11 | €92,000 | €92,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €98,933 | €98,933 | €98,933 | €98,933 | €98,933 | €98,933 | €98,933 | €98,933 | = |
| Non-distributable reserves130/1 | - | - | - | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €12,486 | €12,486 | €12,486 | €12,486 | €12,486 | = |
| Distributable reserves133 | - | - | - | €86,448 | €86,448 | €86,448 | €86,448 | €86,448 | = |
| Profit (loss) carried forward14 | -€7,051 | -€29,127 | -€53,907 | -€58,681 | -€82,709 | -€91,722 | -€128,170 | -€48,579 | ▲ 62.1% |
| Investment grants15 | - | - | - | €4,086 | €3,338 | €2,608 | €1,876 | €0 | ▼ 100% |
| Amounts payable17/49 | €118,190 | €112,227 | €115,769 | €434,966 | €681,389 | €702,402 | €705,600 | €140,034 | ▼ 80.2% |
| Amounts payable after more than one year17 | €87,000 | €87,000 | €87,000 | €326,655 | €547,000 | €547,000 | €547,000 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €94,655 | €315,000 | €315,000 | €315,000 | €0 | ▼ 100% |
| Other amounts payable178/9 | - | - | - | €232,000 | €232,000 | €232,000 | €232,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €31,190 | €25,227 | €28,769 | €101,328 | €125,109 | €155,402 | €158,600 | €140,034 | ▼ 11.7% |
| Trade debts44 | €920 | €8,251 | €6,858 | €15,857 | €24,997 | €11,751 | €6,724 | €2,736 | ▼ 59.3% |
| Suppliers440/4 | - | - | - | €15,857 | €24,997 | €11,751 | €6,724 | €2,736 | ▼ 59.3% |
| Taxes, remuneration and social security45 | - | - | - | €13,346 | €27,987 | €31,670 | €33,523 | €132,861 | ▲ 296% |
| Taxes450/3 | - | - | - | €3,600 | €6,902 | €9,569 | €12,157 | €127,952 | ▲ 952% |
| Remuneration and social security454/9 | - | - | - | €9,746 | €21,085 | €22,101 | €21,365 | €4,909 | ▼ 77.0% |
| Other amounts payable47/48 | - | - | - | €72,125 | €72,125 | €111,980 | €118,354 | €4,437 | ▼ 96.3% |
| Accrued charges and deferred income492/3 | - | - | - | €6,984 | €9,280 | €0 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,768 | -€22,076 | -€24,780 | -€4,774 | -€24,029 | -€9,013 | -€36,448 | €79,591 | - |
| + Depreciation and write-downs630 | €42,659 | €44,875 | €42,221 | €30,888 | €24,954 | €20,476 | €14,592 | €474 | ▼ 96.8% |
| Operating cash flow (approximation) | €45,427 | €22,800 | €17,441 | €26,114 | €926 | €11,463 | -€21,856 | €80,065 | - |
| Investment in fixed assets (approximation) | - | -€33,423 | €3,497 | -€2,073 | -€1,400 | -€21,507 | -€250 | €49,774 | - |
| Change in cash | - | -€8,744 | -€22,490 | -€41,616 | €34,109 | -€24,762 | -€20,239 | €144,326 | - |
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 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-07-2026 | 2026-00336974 | NBB |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00232941 | |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00197578 | |
| 31-12-2022 | micro format | 11-07-2023 | 2023-00234037 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20111563 | |
| 31-12-2020 | micro format | 10-06-2021 | 2021-19000303 | |
| 31-12-2019 | micro format | 25-06-2020 | 2020-21600491 | |
| 31-12-2018 | micro format | 27-06-2019 | 2019-24300199 | |
| 31-12-2017 | micro format | 28-06-2018 | 2018-24400231 | |
| 31-12-2016 | micro format | 29-06-2017 | 2017-24900161 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
PICKING - LOCK shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of PICKING - LOCK. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
12-01
Gazette deed
Registered office moved from Solre-Sur-Sambre to Binche2 points ▸
- Board meeting, 15-12-2025
- Registered-office move, Avenue Charles Deliège, 63 7130 BINCHE
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
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. Use the enterprise number 0476.780.041
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 56074B0264/00H000 | Wallonia | 1,294 m² | 1 · 162 m² | 7.3 m · 1 |
| 56011B0889/00M000 | Wallonia | 187 m² | 1 · 39 m² | 13.3 m · 4 |