PICKY
ActiveSummary
The annual accounts of PICKY for financial year 2025 show a net loss of 57% of total assets and of 113% of the equity at the start of that year. The 2025 annual accounts show equity of €426,052 and a net result of -€974,669. Equity is growing by about 41% per year across the filed financial years. Its solvency ranks better than 24% of 21,110 sector peers (NACE 62, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Staff
- 1.5 FTE
- Equity
- €426,052
- Loss
- -€974,669
- Largest shareholder
- De Vlaamse Radio- en Televisieomroeporganisatie · 49%
- De Vlaamse Radio- en TelevisieomroeporganisatieDirector · permanent representative Lieven Vermaele
Why 53raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €974,669, the second in a row (financial year 2025)Last filed accounts filed 28 days late; 1 of the last 3 latelowers riskSector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €1.7mShow the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 62, micro): better than 25% on solvency, 6% on liquidity, 21% on profitability and 14% on growth.
The bankruptcy probability was computed on 30-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 4 accounts on average 12 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€974,669
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00443695.
Source amounts without an identifiable currency are assumed to be EUR.
2022 to 2025, 4 financial years
The operating result stays negative: a loss of €940,621 in 2025 against €312,606 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,133 companies that looked in July 2024 the way this one looks now, 6.4% went bankrupt within 24 months and 86.4% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,133 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €0.001m | €0.004m | €134 | €0.03m | ▲ 231× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.006m | €0.01m | €0.6m | €1.1m | ▲ 97.4% |
| Other operating charges640/8 | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 3.0% |
| Gross operating margin9900 | -€0.05m | -€0.008m | €0.2m | €0.2m | ▼ 24.3% |
| Operating profit (loss)9901 | -€0.06m | -€0.03m | -€0.3m | -€0.9m | ▼ 201% |
| Financial income75/76B | €0 | €1 | €85 | €25 | ▼ 70.4% |
| Recurring financial income75 | €0 | €1 | €85 | €25 | ▼ 70.4% |
| Financial charges65/66B | €125 | €82 | €84 | €0.001m | ▲ 660% |
| Recurring financial charges65 | €125 | €82 | €84 | €0.001m | ▲ 660% |
| Profit (loss) for the period before taxes9903 | -€0.06m | -€0.03m | -€0.3m | -€0.9m | ▼ 201% |
| Income taxes67/77 | - | - | €0.03m | €0.03m | ▲ 13.7% |
| Profit (loss) for the period9904 | -€0.06m | -€0.03m | -€0.3m | -€1.0m | ▼ 185% |
| Profit (loss) for the period to be appropriated9905 | -€0.06m | -€0.03m | -€0.3m | -€1.0m | ▼ 185% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €0.2m | €0.7m | €3.1m | €1.7m | ▼ 45.8% |
| Fixed assets21/28 | €0.1m | €0.1m | €2.8m | €1.2m | ▼ 58.0% |
| Intangible fixed assets21 | €0.1m | €0.1m | €2.8m | €1.2m | ▼ 58.1% |
| Tangible fixed assets22/27 | €0.001m | €0.001m | €0.004m | €0.005m | ▲ 33.5% |
| Furniture and vehicles24 | €0.001m | €0.001m | €0.004m | €0.005m | ▲ 33.5% |
| Financial fixed assets28 | €0.002m | €0.002m | - | - | - |
| Current assets29/58 | €0.05m | €0.6m | €0.3m | €0.5m | ▲ 58.3% |
| Amounts receivable within one year40/41 | €0.001m | €0.02m | €0.2m | €0.4m | ▲ 108% |
| Trade receivables40 | - | €0.02m | €0.2m | €0.4m | ▲ 105% |
| Other amounts receivable41 | €0.001m | €0.001m | - | €0.007m | - |
| Cash at bank and in hand54/58 | €0.05m | €0.6m | €0.1m | €0.09m | ▼ 27.4% |
| Deferred charges and accrued income490/1 | €134 | €0.002m | €0.002m | €0.002m | ▲ 60.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €0.2m | €0.7m | €3.1m | €1.7m | ▼ 45.8% |
| Equity10/15 | €0.2m | €0.1m | €0.9m | €0.4m | ▼ 50.7% |
| Contributions10/11 | €0.2m | €0.2m | €1.3m | €2.4m | ▲ 83.1% |
| Profit (loss) carried forward14 | -€0.06m | -€0.09m | -€0.4m | -€1.9m | ▼ 353% |
| Amounts payable17/49 | €0.006m | €0.6m | €2.3m | €1.3m | ▼ 43.9% |
| Amounts payable within one year42/48 | €0.006m | €0.6m | €2.3m | €1.3m | ▼ 43.9% |
| Trade debts44 | €0.004m | €0.6m | €0.06m | €0.2m | ▲ 171% |
| Suppliers440/4 | €0.004m | €0.6m | €0.06m | €0.2m | ▲ 171% |
| Taxes, remuneration and social security45 | - | €76 | €0.06m | €0.04m | ▼ 34.2% |
| Taxes450/3 | - | - | €0.06m | €0.04m | ▼ 38.0% |
| Remuneration and social security454/9 | - | €76 | - | €0.002m | - |
| Other amounts payable47/48 | €0.002m | €0.02m | €2.2m | €1.1m | ▼ 50.0% |
| Accrued charges and deferred income492/3 | - | €64 | €66 | €467 | ▲ 610% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.06m | -€0.03m | -€0.3m | -€1.0m | ▼ 185% |
| + Depreciation and write-downs630 | €0.006m | €0.01m | €0.6m | €1.1m | ▲ 97.4% |
| Operating cash flow (approximation) | -€0.05m | -€0.01m | €0.2m | €0.1m | ▼ 44.7% |
| Investment in fixed assets (approximation) | - | -€0.03m | -€3.2m | €0.5m | - |
| Change in cash | - | €0.5m | -€0.5m | -€0.03m | ▲ 92.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00443695 |
| 31-12-2024 | micro format | 10-10-2025 | 2025-00540050 |
| 31-12-2023 | micro format | 17-07-2024 | 2024-00263408 |
| 31-12-2022 | micro format | 23-06-2023 | 2023-00152358 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| De Vlaamse Radio- en Televisieomroeporganisatie |
|
Owners and capital
Owners
2 ownersOwners 2
- 49%
-
4.27%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 28-09-2023 Capital stated in the deed · 52,717 shares
Group and network
Connections & network
3 connected companiesHistory
Acts, filings and financial milestones
04-04
Gazette deed
Appointment: De Vlaamse Radio- en Televisieomroeporganisatie (director)Permanent representative: Lieven Vermaele3 facts ▸
- General meeting, 01-03-2024
- Director appointment, De Vlaamse Radio- en Televisieomroeporganisatie (director)
- Permanent representative, Lieven Vermaele
28-09
Gazette deed
Capital & shares · Amendment of the articlesShare issue · Capital · Auditor report8 facts ▸
- Other provision, “beschrijving inbrengen in nijverheid, Bijlage_IV_bij_Inschrijvings-en_Aandeelhoudersovereenkomst” (deed in Dutch)
- Share issue, “A”, 30217 (deed in Dutch)
- Amendment of the articles
- Capital
- General meeting, 20-09-2023
- Other provision, “EERSTE BESLISSING kennisname verslagen en vrijstelling voorlezing, EERSTE BESLISSING” (deed in Dutch)
- Auditor report, EUR, “Norm inzake opdracht bedrijfsrevisor in kader inbreng in natura en quasi-inbreng Instituut Bedrijfsrevisoren 2021-05-26” (deed in Dutch)
- Share issue, “A-aandelen, volgestort naarmate diensten geleidelijk verricht binnen drie jaar vanaf uitgifte” (deed in Dutch) (2 times)
20-03
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Registered-office move, Dorpstraat 74 9140 Elversele
- Board meeting, “bestuurder” (deed in Dutch)
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46008A1303/00B000 | Flanders | 757 m² | 1 · 196 m² | 13.7 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PICKY
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, 5” (deed in Dutch)“Onbepaalde duur bij gebrek bepaling duurtijd, algemene vergadering die bestuurder(s) benoemt” (deed in Dutch)“Bestuurders wijzen onder elkaar voorzitter aan” (deed in Dutch)“Ten minste 7 volledige kalenderdagen voor aanvang vergadering, voorzitter” (deed in Dutch)“Aanwezig of vertegenwoordigd, 3” (deed in Dutch)“Alle punten op agenda, aanwezige of vertegenwoordigde leden vormen geldig quorum” (deed in Dutch)“Gewone meerderheid uitgebrachte stemmen, dwingende wetsbepalingen en Voorbehouden Bestuursaangelegenheden” (deed in Dutch)6 more provisions on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Algemene vergadering mag één of meerdere vereffenaars aanduiden bevoegdheden omlijnen en vergoeding bepalen, bestuurder(s) in functie…” (deed in Dutch)