Picobello Projects
ActiveSummary
Picobello Projects has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84,986 and a net result of -€17,554. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 56% of 2330 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▼-30
Solvency59▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.95 against 1.31 in 2024; short-term debt: 18.7% and cash: 5.8% of total assets), and 66% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34%
Return on assets
-7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€17,554
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
46 d late
2023
26 d late
2022
28 d early
2021
22 d late
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€84,986▼ 17.1%
2024 · €102,540
Total assets
€249,793▼ 10.9%
2024 · €280,478
Net result
-€17,554▼ 2,624%
2024 · -€644
Working capital
-€2,376
2024 · €14,493
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€52,022▲ 403%€1,120▼ 97.8%€26,068▲ 2,228%€12,766▼ 51.0%-€2,555
Net result€43,556▲ 500%-€1,999€19,043-€644-€17,554▼ 2,624%
Equity€109,159▲ 66.4%€107,160▼ 1.8%€126,203▲ 17.8%€102,540▼ 18.7%€84,986▼ 17.1%
Total assets€270,091▲ 59.4%€380,928▲ 41.0%€317,882▼ 16.6%€280,478▼ 11.8%€249,793▼ 10.9%
Debt€160,932▲ 55.0%€273,767▲ 70.1%€191,679▼ 30.0%€177,938▼ 7.2%€164,807▼ 7.4%
Working capital€31,201▲ 24.0%-€24,896€10,171€14,493▲ 42.5%-€2,376
Staff (FTE)11=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2,555 after €12,766 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €249,793
Fixed assets
€205,456 ▼ 6.2%
Current assets
€44,337 ▼ 27.8%
Equity and liabilities €249,793
Equity
€84,986 ▼ 17.1%
Debt
€164,807 ▼ 7.4%
Debt's share of the balance-sheet total rises from 63.4% to 66.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15,655▼
2024 · €31,899
Cash flow
€656▼
2024 · €18,489
Current ratio
0.95▼
2024 · 1.31
Quick ratio
0.67▼
2024 · 1.15
Debt to equity
1.94▲
2024 · 1.74
ROE
-20.7%▼
2024 · -0.6%
ROA
-7.0%▼
2024 · -0.2%
Interest coverage
3.38▼
2024 · 6.69
Debt ≤ 1 year
€46,713▼
2024 · €46,954
Debt > 1 year
€118,094▼
2024 · €130,984
Income taxes
€10,527▲
2024 · €8,843
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 | €10,315 | €42,315 | €5,596 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,778 | €40,081 | €34,639 | €19,134 | €18,210 | ▼ 4.8% |
| Other operating charges640/8 | €2,171 | €1,420 | €1,608 | €1,654 | €1,532 | ▼ 7.4% |
| Gross operating margin9900 | €89,287 | €84,935 | €67,910 | €33,553 | €17,186 | ▼ 48.8% |
| Operating profit (loss)9901 | €52,022 | €1,120 | €26,068 | €12,766 | -€2,555 | ▼ 120% |
| Financial income75/76B | €1,416 | €1,184 | €283 | €201 | €163 | ▼ 19.1% |
| Recurring financial income75 | €1,416 | €1,184 | €283 | €201 | €163 | ▼ 19.1% |
| Financial charges65/66B | €2,284 | €4,166 | €5,279 | €4,769 | €4,635 | ▼ 2.8% |
| Recurring financial charges65 | €2,284 | €4,166 | €5,279 | €4,769 | €4,635 | ▼ 2.8% |
| Profit (loss) for the period before taxes9903 | €51,155 | -€1,862 | €21,071 | €8,199 | -€7,027 | ▼ 186% |
| Income taxes67/77 | €7,599 | €136 | €2,029 | €8,843 | €10,527 | ▲ 19.0% |
| Profit (loss) for the period9904 | €43,556 | -€1,999 | €19,043 | -€644 | -€17,554 | ▼ 2,624% |
| Profit (loss) for the period to be appropriated9905 | €43,556 | -€1,999 | €19,043 | -€644 | -€17,554 | ▼ 2,624% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €270,091 | €380,928 | €317,882 | €280,478 | €249,793 | ▼ 10.9% |
| Fixed assets21/28 | €197,614 | €306,557 | €270,045 | €219,031 | €205,456 | ▼ 6.2% |
| Intangible fixed assets21 | €784 | €138 | - | - | - | - |
| Tangible fixed assets22/27 | €196,189 | €306,419 | €270,045 | €219,031 | €205,456 | ▼ 6.2% |
| Land and buildings22 | €67,503 | €156,864 | €149,431 | €136,490 | €128,549 | ▼ 5.8% |
| Plant, machinery and equipment23 | €1,145 | €40,108 | €52,546 | €50,765 | €50,794 | ▲ 0.1% |
| Furniture and vehicles24 | €127,542 | €104,679 | €63,299 | €27,007 | €21,344 | ▼ 21.0% |
| Other tangible fixed assets26 | - | €4,769 | €4,769 | €4,769 | €4,769 | = |
| Financial fixed assets28 | €640 | - | - | - | - | - |
| Current assets29/58 | €72,478 | €74,371 | €47,836 | €61,447 | €44,337 | ▼ 27.8% |
| Stocks and contracts in progress3 | - | €22,000 | €2,300 | €7,218 | €12,814 | ▲ 77.5% |
| Stocks30/36 | - | - | - | €7,218 | €12,814 | ▲ 77.5% |
| Contracts in progress37 | - | €22,000 | €2,300 | - | - | - |
| Amounts receivable within one year40/41 | €42,701 | €33,562 | €18,335 | €3,658 | €1,073 | ▼ 70.7% |
| Trade receivables40 | €19,494 | €13,376 | €3,586 | €1,815 | €1,005 | ▼ 44.6% |
| Other amounts receivable41 | €23,207 | €20,186 | €14,749 | €1,842 | €67 | ▼ 96.3% |
| Cash at bank and in hand54/58 | €29,210 | €18,299 | €13,317 | €39,628 | €14,478 | ▼ 63.5% |
| Deferred charges and accrued income490/1 | €567 | €510 | €13,885 | €10,943 | €15,972 | ▲ 46.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €270,091 | €380,928 | €317,882 | €280,478 | €249,793 | ▼ 10.9% |
| Equity10/15 | €109,159 | €107,160 | €126,203 | €102,540 | €84,986 | ▼ 17.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €101,229 | €100,960 | €120,003 | €96,340 | €96,340 | = |
| Distributable reserves133 | €101,229 | €100,960 | €120,003 | €96,340 | €96,340 | = |
| Profit (loss) carried forward14 | €1,730 | - | - | - | -€17,554 | - |
| Amounts payable17/49 | €160,932 | €273,767 | €191,679 | €177,938 | €164,807 | ▼ 7.4% |
| Amounts payable after more than one year17 | €119,656 | €171,983 | €145,713 | €130,984 | €118,094 | ▼ 9.8% |
| Financial debts170/4 | €119,656 | €171,983 | €145,713 | €130,984 | €118,094 | ▼ 9.8% |
| Amounts payable within one year42/48 | €41,277 | €99,267 | €37,665 | €46,954 | €46,713 | ▼ 0.5% |
| Current portion of amounts payable after more than one year42 | €21,015 | €30,234 | €16,802 | €14,730 | €12,890 | ▼ 12.5% |
| Trade debts44 | €19,027 | €65,571 | €17,709 | €5,363 | €2,415 | ▼ 55.0% |
| Suppliers440/4 | €19,027 | €65,571 | €17,709 | €5,363 | €2,415 | ▼ 55.0% |
| Advances received on contracts in progress46 | - | - | €3,154 | - | - | - |
| Taxes, remuneration and social security45 | €1,234 | €3,462 | - | €3,899 | €4,376 | ▲ 12.2% |
| Taxes450/3 | - | €2,082 | - | €3,899 | €4,376 | ▲ 12.2% |
| Remuneration and social security454/9 | €1,234 | €1,381 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €22,963 | €27,032 | ▲ 17.7% |
| Accrued charges and deferred income492/3 | - | €2,517 | €8,300 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,556 | -€1,999 | €19,043 | -€644 | -€17,554 | ▼ 2,624% |
| + Depreciation and write-downs630 | €24,778 | €40,081 | €34,639 | €19,134 | €18,210 | ▼ 4.8% |
| Operating cash flow (approximation) | €68,334 | €38,082 | €53,681 | €18,489 | €656 | ▼ 96.5% |
| Investment in fixed assets (approximation) | - | -€149,024 | €1,873 | €31,881 | -€4,634 | ▼ 115% |
| Change in cash | - | -€10,912 | -€4,982 | €26,311 | -€25,150 | ▼ 196% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€17,554
Net result drops to -€17,554, the lowest in the series.
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 46 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Back to profitnet €19,043
Net result €19,043 after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Highest result since 2018net €43,556 ▲500%
Operating result €52,022, net result €43,556, both a record.
31-12
Financial
Equity above €100,000Eq €109,159 ▲66.4%
4 profitable years in a row build equity to €109,159.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 106 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Sint-Niklaas · 1 establishment unit since 2009
Ground area
576 m²
Building footprint
87 m²
Volume, LiDAR
779 m³
Parcel 46002B0994/00T000, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Picobello Projects
since 20092.176.611.110
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002B0994/00T000 | Flanders | 576 m² | 1 · 87 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Pro Piscine
BE 0692.914.550
Verviers · Eq €84,225
SASKIA FAELENS
BE 0733.933.474
Gent · Eq €85,778
OPTIMISTIC
BE 0657.882.011
Ukkel · Eq €83,732
G & A RACING
BE 0479.608.184
Turnhout · Eq €86,420
Training & Cursus Centrum Belgium
BE 0524.978.846
Antwerpen · Eq €86,489
Of 3,880 companies in sector 93199 we hold annual accounts for 606. 456 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
Founded19-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
93199Other sports activities
01430Raising of horses and other equines
43320Joinery installation
46232Wholesale trade
68110Buying and selling of own real estate
70200Business and other management consultancy
93110Operation of sports facilities
93192Activities of independent sportspeople
Contact
Website
www.picobelloprojects.be
E-mail
info@picobelloprojects.be
Scores and ratios are computed by Checked and are not a credit decision.