PICO (0448.514.043): financials and annual accounts

PICO

Ypres ·KBO/BCE: BE 0448.514.043

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	73,937	73,104	73,888	76,442	80,667	84,098	101,866	109,815	125,032	128,344	146,814	156,119	143,751	150,263	154,558	257,123	262,678	265,917	268,158
Formation expenses`20`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Fixed assets`21/28`	68,047	70,133	72,219	76,091	79,964	83,837	95,982	108,126	120,270	120,421	131,366	142,311	135,384	144,542	153,700	154,512	162,835	171,159	179,482
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Tangible fixed assets`22/27`	68,047	70,133	72,219	76,091	79,964	83,837	95,982	108,126	120,270	120,421	131,366	142,311	135,384	144,542	153,700	154,512	162,835	171,159	179,482
Land and buildings`22`	68,047	70,133	72,219	76,091	79,964	83,837	95,982	108,126	120,270	120,421	131,366	142,311	135,384	144,542	153,700	154,512	162,835	171,159	179,482
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Furniture and vehicles`24`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other tangible fixed assets`26`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Assets under construction and advance payments`27`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Financial fixed assets`28`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Current assets`29/58`	5,890	2,971	1,669	350	702	261	5,884	1,689	4,762	7,923	15,448	13,807	8,367	5,721	858	102,611	99,843	94,758	88,677
Trade receivables`290`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other amounts receivable`291`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Stocks and contracts in progress`3`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Stocks`30/36`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Contracts in progress`37`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Amounts receivable within one year`40/41`	2,207	-	-	-	-	-	-	-	-	-	460	-	30	30	30	30	30	30	30
Trade receivables`40`	-	-	-	-	-	-	-	-	-	-	460	-	-	-	-	-	0	0	0
Other amounts receivable`41`	2,207	-	-	-	-	-	-	-	-	-	-	-	30	30	30	30	30	30	30
Current investments`50/53`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Cash at bank and in hand`54/58`	3,070	2,971	1,669	350	448	6	5,631	1,183	4,424	7,399	11,675	5,873	8,337	5,691	828	2,636	1,868	283	202
Deferred charges and accrued income`490/1`	614	-	-	0	254	255	253	506	338	524	3,313	7,935	-	-	-	99,945	97,945	94,445	88,445
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	73,937	73,104	73,888	76,442	80,667	84,098	101,866	109,815	125,032	128,344	146,814	156,119	143,751	150,263	154,558	257,123	262,678	265,917	268,158
Equity`10/15`	73,129	67,901	63,751	61,673	-180,317	-182,825	-176,978	-171,013	-167,383	-162,660	-171,634	-192,894	-220,378	-225,731	-216,805	-110,226	-96,562	-81,701	-69,433
Contributions`10/11`	256,200	256,200	256,200	256,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Capital`10`	-	-	-	-	6,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Uncalled capital`101`	-	-	-	-	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392
Contributions outside capital`11`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Share premium`1100/10`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Revaluation surpluses`12`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Legal reserve`130`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Own shares acquired`1312`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other`1319`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Tax-exempt reserves`132`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Distributable reserves`133`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Profit (loss) carried forward`14`	-183,071	-188,299	-192,449	-194,527	-186,517	-189,025	-183,178	-177,213	-173,583	-168,860	-177,834	-199,094	-226,578	-231,931	-223,005	-116,426	-102,762	-87,901	-75,633
Investment grants`15`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Advance to shareholders on the distribution of net assets`19`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Deferred taxes`168`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Amounts payable`17/49`	808	5,202	10,137	14,769	260,983	266,923	278,844	280,828	292,415	291,004	318,448	349,012	364,129	375,994	371,363	367,349	359,240	347,617	337,592
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	-	-	-	9,618	28,461	46,909	64,508	81,477	98,586	113,007	139,170
Financial debts`170/4`	-	-	-	-	-	-	-	-	-	-	-	9,618	28,461	46,909	64,508	81,477	98,586	113,007	139,170
Trade debts`175`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Advances received on contracts in progress`176`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other amounts payable`178/9`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Amounts payable within one year`42/48`	808	5,202	10,022	14,769	260,950	266,890	278,811	280,762	292,371	290,945	317,721	338,494	335,668	329,085	306,855	285,872	260,655	234,611	198,332
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	-	-	9,618	18,843	18,330	17,599	16,969	16,362	14,421	13,509	0
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other loans`439`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Trade debts`44`	808	749	569	1,316	797	479	400	151	761	1,834	1,592	1,641	1,762	1,762	1,762	2,986	4,959	3,733	3,733
Suppliers`440/4`	808	749	569	1,316	797	479	400	151	761	1,834	1,592	1,641	1,762	1,762	1,762	2,986	4,959	3,733	3,733
Bills of exchange payable`441`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Taxes, remuneration and social security`45`	-	-	-	-	-	-	-	-	-	-	-	-	5	5	5	5	5	5	5
Taxes`450/3`	-	-	-	-	-	-	-	-	-	-	-	-	5	5	5	5	5	5	5
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other amounts payable`47/48`	0	4,453	9,453	13,453	260,153	266,411	278,411	280,611	291,611	289,111	306,511	318,011	315,571	309,719	288,119	266,519	241,269	217,364	194,594
Accrued charges and deferred income`492/3`	-	0	115	0	33	33	33	66	44	59	727	900	-	-	-	-	0	0	89
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,000	-
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	1,012	-	-	1,767	-	-	-	-	0	0	0
Gross operating margin`9900`	8,350	7,300	6,965	-3,202	7,326	7,167	7,031	9,347	8,244	20,854	33,519	38,552	17,034	3,642	3,632	765	3,218	4,857	4,568
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,143	-
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	2,086	2,086	3,873	3,873	3,873	12,144	12,144	12,144	12,144	10,945	10,945	10,945	9,158	9,158	9,158	8,323	8,323	8,323	8,323
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other operating charges`640/8`	1,051	1,021	975	897	877	870	825	809	799	793	686	683	676	657	1,004	828	1,811	0	0
Operating charges capitalised as restructuring costs`649`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	30	-	-	96,945	-	0	0	0
Operating profit (loss)`9901`	5,213	4,194	2,117	-7,972	2,575	-5,847	-5,939	-3,606	-4,699	9,116	21,888	26,923	7,200	-6,173	-6,530	-8,386	-6,916	-3,467	-3,755
Financial income`75/76B`	60	-	-	-	-	-	-	-	-	-	0	2	3	1	1	-	0	0	0
Recurring financial income`75`	60	-	-	-	-	-	-	-	-	-	0	2	3	1	1	-	0	0	0
Financial charges`65/66B`	45	44	39	39	67	0	26	24	24	142	629	1,177	1,850	2,754	3,105	5,278	7,946	8,801	9,106
Recurring financial charges`65`	45	44	39	39	67	0	26	24	24	142	629	1,177	1,850	2,754	3,105	5,278	7,946	8,801	9,106
Profit (loss) for the period before taxes`9903`	5,228	4,150	2,078	-8,011	2,508	-5,847	-5,965	-3,630	-4,723	8,974	21,260	27,485	5,353	-8,926	-106,579	-13,664	-14,862	-12,267	-12,861
Income taxes`67/77`	-	-	-	-	-	-	-	-	-	-	0	1	-	-	-	-	0	0	0
Profit (loss) for the period`9904`	5,228	4,150	2,078	-8,011	2,508	-5,847	-5,965	-3,630	-4,723	8,974	21,260	27,484	5,353	-8,926	-106,579	-13,664	-14,862	-12,267	-12,861
Transfer from tax-exempt reserves`789`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Profit (loss) for the period to be appropriated`9905`	5,228	4,150	2,078	-8,011	2,508	-5,847	-5,965	-3,630	-4,723	8,974	21,260	27,484	5,353	-8,926	-106,579	-13,664	-14,862	-12,267	-12,861
Appropriation of the result
Profit (loss) to be appropriated`9906`	-183,071	-188,299	-192,449	-194,527	-186,517	-189,025	-183,178	-177,213	-173,583	-168,860	-177,834	-199,094	-226,578	-231,931	-223,005	-116,426	-102,762	-87,901	-75,633
Profit (loss) brought forward from the previous period`14P`	-188,299	-192,449	-194,527	-186,517	-189,025	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Addition to contributions`691`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
To other reserves`6921`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Directors or managers`695`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	30-06-2026	2026-00243302	PDF
31-12-2024	micro format	26-06-2025	2025-00188400	PDF
31-12-2023	micro format	15-07-2024	2024-00249021	PDF
31-12-2022	micro format	05-07-2023	2023-00210342	PDF
31-12-2021	micro format	05-07-2022	2022-20151581	PDF
31-12-2020	micro format	25-06-2021	2021-24800075	PDF
31-12-2019	micro format	13-07-2020	2020-29600107	PDF
31-12-2018	micro format	21-06-2019	2019-21000272	PDF
31-12-2017	micro format	12-07-2018	2018-34000156	PDF
31-12-2016	micro format	03-07-2017	2017-27400364	PDF
31-12-2015	abbreviated format	17-08-2016	2016-43800314	PDF
31-12-2014	abbreviated format	10-08-2015	2015-41900438	PDF
31-12-2013	abbreviated format	17-06-2014	2014-18700257	PDF
31-12-2012	abbreviated format	21-06-2013	2013-21300158	PDF
31-12-2011	abbreviated format	02-07-2012	2012-25700319	PDF
31-12-2010	abbreviated format	24-06-2011	2011-22600508	PDF
31-12-2009	abbreviated format	25-06-2010	2010-22000566	PDF
31-12-2008	abbreviated format	15-06-2009	2009-23600239	PDF
31-12-2007	abbreviated format	19-09-2008	2008-74100330	PDF
31-12-2006	abbreviated format	17-09-2007	2007-72000186	PDF
31-12-2004	abbreviated format	27-06-2005	2005-31500185	PDF
31-12-2003	abbreviated format	01-07-2004	2004-35600083	PDF
31-12-2002	abbreviated format	19-06-2003	2003-24700210	PDF
31-12-2001	abbreviated format	24-04-2003	2003-11400077	PDF
31-12-1999	full format	02-08-2000	2000-48803569	PDF
31-12-1998	full format	06-03-2000	2000-05303935	PDF
31-12-1997	full format	06-03-2000	2000-05303945	PDF
31-12-1996	full format	06-03-2000	2000-05303925	PDF
31-12-1995	full format	16-02-2000	2000-04002570	PDF
31-12-1994	full format	16-02-2000	2000-04002559	PDF
31-12-1993	full format	16-02-2000	2000-04002548	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	7,299	6,280	5,990	-4,099	6,448	6,297	6,205	8,538	7,445	20,061	32,833	37,868	16,358	2,985	2,628	-63	1,408	4,857	4,568
Cash flow	7,313	6,236	5,951	-4,138	6,381	6,297	6,179	8,514	7,421	19,919	32,205	38,429	14,511	232	-97,421	-5,341	-6,539	-3,944	-4,538
Investment in fixed assets (approximation)	0	0	0	0	0	0	0	0	11,993	0	0	17,872	0	0	8,346	-0	0	0	-
Change in cash	99	1,302	1,319	-98	442	-5,625	4,448	-3,242	-2,975	-4,276	5,802	-2,464	2,646	4,863	-1,808	768	1,585	82	-
Working capital	5,082	-2,231	-8,352	-14,419	-260,248	-266,629	-272,927	-279,073	-287,609	-283,022	-302,273	-324,687	-327,301	-323,364	-305,997	-183,261	-160,812	-139,853	-109,655
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-57.8%	-
Solvency	98.9%	92.9%	86.3%	80.7%	-223.5%	-217.4%	-173.7%	-155.7%	-133.9%	-126.7%	-116.9%	-123.6%	-153.3%	-150.2%	-140.3%	-42.9%	-36.8%	-30.7%	-25.9%
Current ratio	7.29	0.57	0.17	0.02	0.00	0.00	0.02	0.01	0.02	0.03	0.05	0.04	0.02	0.02	0.00	0.36	0.38	0.40	0.45
Debt to equity	0.01	0.08	0.16	0.24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ROE	7.1%	6.1%	3.3%	-13.0%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ROA	7.1%	5.7%	2.8%	-10.5%	3.1%	-7.0%	-5.9%	-3.3%	-3.8%	7.0%	14.5%	17.6%	3.7%	-5.9%	-69.0%	-5.3%	-5.7%	-4.6%	-4.8%
Interest coverage	over 100	over 100	over 100	-105.09	96.60	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0 days	-
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1192 days	-

PICO

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Filed annual accounts

Filings

Key figures and ratios

Insights on PICO

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