Picobello New
ActiveSummary
Picobello New has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.12M and a net result of €273k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 59% of 1059 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+2
Solvency67▼-7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.81 in 2024; short-term debt: 57.8% and cash: 86.3% of total assets), but 57.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.2%
Return on assets
10.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-04-2026, 107 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
107 d early
2024
25 d late
2023
771 d late
2022
25 d late
2021
16 d early
2020
24 d late
2019
32 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.12M▼ 7.7%
2024 · €1.21M
Total assets
€2.65M▲ 7.7%
2024 · €2.46M
Net result
€273k▲ 27.1%
2024 · €215k
Working capital
€965k▼ 4.6%
2024 · €1.01M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€362k▼ 35.7%€320k▼ 11.8%€405k▲ 26.6%€379k▼ 6.4%€459k▲ 21.1%
Net result€219k▼ 36.8%€191k▼ 12.8%€248k▲ 30.0%€215k▼ 13.4%€273k▲ 27.1%
Equity€952k▼ 0.7%€1.07M▲ 12.8%€1.14M▲ 6.5%€1.21M▲ 6.0%€1.12M▼ 7.7%
Total assets€1.68M▼ 2.1%€1.70M▲ 1.1%€2.05M▲ 20.6%€2.46M▲ 20.0%€2.65M▲ 7.7%
Debt€732k▼ 3.9%€627k▼ 14.2%€483k▼ 23.0%€1.25M▲ 159%€1.54M▲ 22.7%
Working capital€657k▼ 4.9%€813k▲ 23.9%€1.31M▲ 60.6%€1.01M▼ 22.5%€965k▼ 4.6%
Staff (FTE)179.5▲ 9.5%175.4▼ 2.3%187.4▲ 6.8%192.9▲ 2.9%181.5▼ 5.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 21% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.65M
Fixed assets
€154k ▼ 23.5%
Current assets
€2.50M ▲ 10.5%
Equity and liabilities €2.65M
Equity
€1.12M ▼ 7.7%
Debt
€1.54M ▲ 22.7%
Debt's share of the balance-sheet total rises from 50.8% to 57.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€526k▲
2024 · €445k
Cash flow
€340k▲
2024 · €281k
Current ratio
1.63▼
2024 · 1.81
Debt to equity
1.37▲
2024 · 1.03
ROE
24.4%▲
2024 · 17.7%
ROA
10.3%▲
2024 · 8.7%
Interest coverage
349.14▲
2024 · 281.17
Debt ≤ 1 year
€1.54M▲
2024 · €1.25M
Income taxes
€216k▲
2024 · €168k
Staff costs
€6.19M▼
2024 · €6.31M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €4.75M | €5.09M | €5.71M | €6.31M | €6.19M | ▼ 1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51k | €55k | €65k | €66k | €67k | ▲ 1.6% |
| Gross operating margin9900 | €5.16M | €5.47M | €6.18M | €6.75M | €6.71M | ▼ 0.6% |
| Operating profit (loss)9901 | €362k | €320k | €405k | €379k | €459k | ▲ 21.1% |
| Financial income75/76B | - | - | - | €5k | €31k | ▲ 495% |
| Recurring financial income75 | - | - | - | €5k | €31k | ▲ 495% |
| Financial charges65/66B | €501 | €1k | €1k | €2k | €2k | ▼ 4.8% |
| Recurring financial charges65 | €501 | €1k | €1k | €2k | €2k | ▼ 4.8% |
| Profit (loss) for the period before taxes9903 | €362k | €319k | €404k | €383k | €489k | ▲ 27.7% |
| Income taxes67/77 | €143k | €128k | €156k | €168k | €216k | ▲ 28.6% |
| Profit (loss) for the period9904 | €219k | €191k | €248k | €215k | €273k | ▲ 27.1% |
| Profit (loss) for the period to be appropriated9905 | €219k | €191k | €248k | €215k | €273k | ▲ 27.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.68M | €1.70M | €2.05M | €2.46M | €2.65M | ▲ 7.7% |
| Fixed assets21/28 | €296k | €261k | €263k | €201k | €154k | ▼ 23.5% |
| Intangible fixed assets21 | €210k | €180k | €203k | €161k | €119k | ▼ 26.1% |
| Tangible fixed assets22/27 | €86k | €81k | €60k | €40k | €35k | ▼ 13.1% |
| Land and buildings22 | €3k | €9k | €13k | €10k | €24k | ▲ 153% |
| Plant, machinery and equipment23 | €10k | €16k | €8k | €5k | €3k | ▼ 43.0% |
| Furniture and vehicles24 | €73k | €56k | €39k | €25k | €7k | ▼ 71.0% |
| Current assets29/58 | €1.39M | €1.44M | €1.79M | €2.26M | €2.50M | ▲ 10.5% |
| Amounts receivable within one year40/41 | €170 | €177k | €108k | €229k | €189k | ▼ 17.5% |
| Trade receivables40 | €170 | - | €108k | €221k | €189k | ▼ 14.6% |
| Other amounts receivable41 | - | €177k | - | €8k | - | - |
| Cash at bank and in hand54/58 | €1.39M | €1.25M | €1.66M | €2.01M | €2.29M | ▲ 13.8% |
| Deferred charges and accrued income490/1 | €1k | €15k | €18k | €21k | €21k | ▲ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.68M | €1.70M | €2.05M | €2.46M | €2.65M | ▲ 7.7% |
| Equity10/15 | €952k | €1.07M | €1.14M | €1.21M | €1.12M | ▼ 7.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €946k | €1.07M | €1.14M | €1.21M | €1.11M | ▼ 7.8% |
| Non-distributable reserves130/1 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | €2k | - | - | - | - | - |
| Distributable reserves133 | €944k | €1.07M | €1.14M | €1.21M | €1.11M | ▼ 7.8% |
| Provisions and deferred taxes16 | - | - | €425k | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | €425k | - | - | - |
| Other liabilities and charges164/5 | - | - | €425k | - | - | - |
| Amounts payable17/49 | €732k | €627k | €483k | €1.25M | €1.54M | ▲ 22.7% |
| Amounts payable within one year42/48 | €732k | €627k | €483k | €1.25M | €1.54M | ▲ 22.7% |
| Trade debts44 | €145k | €142k | €16k | €328k | €275k | ▼ 16.0% |
| Suppliers440/4 | €145k | €142k | €16k | €328k | €275k | ▼ 16.0% |
| Taxes, remuneration and social security45 | €372k | €446k | €327k | €785k | €907k | ▲ 15.5% |
| Taxes450/3 | €18k | - | €47k | - | €113k | - |
| Remuneration and social security454/9 | €354k | €446k | €280k | €785k | €794k | ▲ 1.1% |
| Other amounts payable47/48 | €214k | €40k | €140k | €138k | €353k | ▲ 155% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €219k | €191k | €248k | €215k | €273k | ▲ 27.1% |
| + Depreciation and write-downs630 | €51k | €55k | €65k | €66k | €67k | ▲ 1.6% |
| Operating cash flow (approximation) | €270k | €246k | €313k | €281k | €340k | ▲ 21.1% |
| Investment in fixed assets (approximation) | - | €-20k | €-67k | €-4k | €-20k | ▼ 458% |
| Change in cash | - | €-138k | €415k | €350k | €278k | ▼ 20.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 771 days late
15-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
31-12
Financial
Equity above €1MEq €1.07M ▲12.8%
5 profitable years in a row build equity to €1.07M.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
31-12
Financial
Highest result since 2018net €347k ▲163%
Operating result €564k, net result €347k, both a record.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 32 days late
2019
31-12
Financial
Weakest financial yearnet €132k ▼47%
Net result drops to €132k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Pepingen · 3 establishment units since 2008
Ground area
5,452 m²
Building footprint
437 m²
Volume, LiDAR
2,696 m³
3 parcels, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
PICOBELLO NEW
since 20082.174.523.432
Picobello New
since 20212.312.758.330
Picobello New
since 20212.312.758.429
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23019A0070/00B000 | Flanders | 4,811 m² | 1 · 171 m² | 10.1 m · 2 fl. |
| 23097C0108/00A002 | Flanders | 457 m² | 1 · 104 m² | 9.8 m · 2 fl. |
| 23024B0126/00H000 | Flanders | 183 m² | 1 · 161 m² | 10.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 15 entries · 17,083,634 EUR awarded · 17,072,033 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 4,418,791 EUR | 4,424,846 EUR |
| 2024 | 4 | 4,670,317 EUR | 4,675,111 EUR |
| 2023 | 4 | 4,386,703 EUR | 4,376,486 EUR |
| 2022 | 4 | 3,607,823 EUR | 3,595,590 EUR |
Schemes
Dienstencheques
Opleidingsfonds dienstencheques
Aanwervingsincentive voor langdurig werkzoekenden (AWI) - Stopgezet
Vlaams opleidingsverlof (VOV)
Recognitions: source did not answer, try again later.
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Of 807 companies in sector 96910 we hold annual accounts for 616. 298 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-11-2008
Fiscal year end31-12
Activities, NACEBEL 2025
96910Personal service activities
Scores and ratios are computed by Checked and are not a credit decision.