Equity
-€42,305
Debts exceed assets in financial year 2025.
Picolo
Lifetime
5 annual accounts with figures on one time axispeak €104,531 (2024)
€1,888▼ 98.2%
lowest -€72,150 (2025)
-€72,150▼ €91,067
peak €27,706 (2021)
-€42,305▼ €67,150
€131,990▲ 36.3%
Board4 names since 2020
1 director
Documentsfilings and deeds
26-10-2026179 days late
2025micro format
Gross margin from €104,531 to €1,888Loss of €72,150Equity from €24,845 to -€42,305Debts from €96,818 to €131,990Cash from €4,156 to €6,027
Key points
from the 2025 annual accountsResult
-€72,150 -€72,150
From profit to loss in 2025, after a profit of €18,917 in 2024.
Debts
€131,990 147% of the balance sheet
Suppliers 71%Taxes and wages 29%
Liquidity
0.66 was 1.22 in 2024
Short-term debts rose from €96,818 to €131,990.
Filings
5 annual accounts 179 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€72,150
Lower net result than 95% of companies in food and beverage service. Sector median €4,675 · 18,476 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,018 companies had the same profile as Picolo has now. Each dot stands for 16 companies, two years later.
82.8%
were still trading
8.5%
stopped another way
7.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,018 companies, not a prediction for Picolo. 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.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0742826790
Resignation: (director)
Appointment: (director) · General meeting of 08-08-2022 · Gazette deed
Resignation: (director)
Appointment: (director) · General meeting of 20-01-2022 · Gazette deed
Registered office moved within Antwerp
New registered office: Ernest van Dijckkaai 21, 2000 Antwerpen · Previous registered office: Sint-Jansvliet 2 bus 5, 2000 Antwerpen · “uitbating café” (deed in Dutch) · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Picolo Antwerp | €89,685 | €1,888 | -47.2% | - |
| SANT Aarschot | €88,946 | €2,120 | -64.4% | - |
| DRIMA GROUP Ottignies-Louvain-la-Neuve | €100,206 | €1,643 | 12.1% | - |
| B.L.F. Liège | €82,945 | €2,196 | 15.6% | - |
| The Mansion 2.0. Brecht | €76,687 | -€6,962 | 5.2% | - |
| DYDEL'S Boom | €71,432 | -€16,121 | -105.7% | - |
| LeVe Company Zoersel | €121,064 | -€29,492 | -89.7% | - |
These companies have the same main activity as Picolo: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €71,400 and €121,000, founded between 2018 and 2021.
Official details
Source: KBO- Status
- Active since 03-02-2020Normal situation
- Activity
- Full-service restaurantsNACE 56111
- Establishment unit
- 2.303.183.0442000 Antwerp, since 08-06-2020
- Financial year end
- 30 September
- Peppol
- Reachable since 31-12-2025
Insights on Picolo
Picolo files the micro format. That format states no turnover. The gross margin fell from €38,539 in 2021 to €1,888 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Picolo
- What is the company number of Picolo?
- The company number of Picolo is 0742.826.790. The VAT number is the same number with BE in front: BE 0742.826.790.
- Where is Picolo based?
- The registered office is at Ernest Van Dijckkaai 21, 2000 Antwerp.Company details
- What does Picolo do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of Picolo?
- Picolo is a private limited company (BV).
- When was Picolo founded?
- Picolo was founded on 03-02-2020.
- Is Picolo still active?
- Yes, Picolo is an active enterprise in the KBO register.
- How many employees does Picolo have?
- Picolo had an average of 7.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Picolo?
- The turnover in financial year 2025 is ≈ €20,000. This figure is estimated from the gross margin of €1,888 and 89 comparable companies (NACE 56111). It probably lies between €9,800 and €40,000. It is a rough estimate.
- Is Picolo profitable?
- In financial year 2025, Picolo made a loss of €72,150.
- Where can I find the annual accounts of Picolo?
- Picolo filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Picolo due?
- Picolo must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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