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PiCom

Active
Private limited company (pre-2019)founded 199828 yrs activeJan Van Rijswijcklaan 1-3, 2018 Antwerpen, BelgiumKBO/BCE: BE 0462.573.501
Summary

PiCom has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,717 and a net result of -€403. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability37▲+37
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 2.96 against 29.18 in 2024; short-term debt: 14.5% and cash: 43% of total assets), and 21.2% 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
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 28 years 0 30 y
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 2025
Solvency, return and age of the figures
Solvency
78.8%
Return on assets
-1.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
26 d late
2024
27 d late
2023
28 d late
2022
10 d late
2021
28 d late
2020
27 d late
2019
27 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 25 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

PiCom was incorporated on 3 February 1998.1 Total assets fell from EUR 84,464 in 2018 to EUR 23,740 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€18,717▼ 2.1%
2024 · €19,120
Total assets
€23,740▲ 23.0%
2024 · €19,302
Net result
-€403▲ 88.1%
2024 · -€3,381
Working capital
€6,761▲ 32.2%
2024 · €5,114
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-€16,031▼ 53.6%-€14,480▲ 9.7%€44,133-€3,611-€348▲ 90.4%
Net result-€14,682▼ 60.2%-€13,379▲ 8.9%€44,863-€3,381-€403▲ 88.1%
Equity-€8,982-€22,361▼ 149%€22,501€19,120▼ 15.0%€18,717▼ 2.1%
Total assets€49,365▼ 19.7%€37,304▼ 24.4%€24,394▼ 34.6%€19,302▼ 20.9%€23,740▲ 23.0%
Debt€2,864▲ 905%€4,181▲ 46.0%€1,893▼ 54.7%€182▼ 90.4%€5,023▲ 2,667%
Working capital€18,276▼ 25.9%€14,513▼ 20.6%€8,015▼ 44.8%€5,114▼ 36.2%€6,761▲ 32.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000Operating result 2021: -€16,031-€16,031Net result 2021: -€14,682-€14,682Operating result 2022: -€14,480-€14,480Net result 2022: -€13,379-€13,379Operating result 2023: €44,133€44,133Net result 2023: €44,863€44,863Operating result 2024: -€3,611-€3,611Net result 2024: -€3,381-€3,381Operating result 2025: -€348-€348Net result 2025: -€403-€40320212022202320242025-€20,000€0€20,000€40,000Operating result 2023: €44,133€44,100Net result 2023: €44,863€44,900Operating result 2024: -€3,611-€3,610Net result 2024: -€3,381-€3,380Operating result 2025: -€348-€348Net result 2025: -€403-€403202320242025
The operating result stays negative: a loss of €348 in 2025 against €3,611 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23,740
Fixed assets €13,527 ▼ 3.4%
Current assets €10,213 ▲ 92.9%
Equity and liabilities €23,740
Equity €18,717 ▼ 2.1%
Debt €5,023 ▲ 2,667%
Debt's share of the balance-sheet total rises from 0.9% to 21.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€132▲
2024 · -€3,131
Cash flow
€77▲
2024 · -€2,901
Current ratio
2.96▼
2024 · 29.18
Debt to equity
0.27▲
2024 · 0.01
ROE
-2.2%▲
2024 · -17.7%
ROA
-1.7%▲
2024 · -17.5%
Interest coverage
2.39▲
2024 · -56.94
Debt ≤ 1 year
€3,452▲
2024 · €182
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 12,321 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€19,302€23,740▲
Fixed assets21/28€14,007€13,527▼
Tangible fixed assets22/27€14,007€13,527▼
Land and buildings22€14,007€13,527▼
Current assets29/58€5,295€10,213▲
Amounts receivable within one year40/41€1,654€0▼
Other amounts receivable41€1,654€0▼
Cash at bank and in hand54/58€3,641€10,213▲
Equity and liabilities
Total equity and liabilities10/49€19,302€23,740▲
Equity10/15€19,120€18,717▼
Contributions10/11€18,592€18,592=
Reserves13€7,859€7,859=
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Distributable reserves133€6,000€6,000=
Profit (loss) carried forward14-€7,331-€7,734▼
Amounts payable17/49€182€5,023▲
Amounts payable within one year42/48€182€3,452▲
Trade debts44€182€2,106▲
Suppliers440/4€182€2,106▲
Other amounts payable47/48-€1,346
Accrued charges and deferred income492/3-€1,571
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€480€480=
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€2,028€2,090▲
Gross operating margin9900-€1,103€2,222▲
Operating profit (loss)9901-€3,611-€348▲
Financial income75/76B€286€0▼
Recurring financial income75€286€0▼
Financial charges65/66B€55€55=
Recurring financial charges65€55€55=
Profit (loss) for the period before taxes9903-€3,381-€403▲
Profit (loss) for the period9904-€3,381-€403▲
Profit (loss) for the period to be appropriated9905-€3,381-€403▲
Appropriation of the result
Profit (loss) to be appropriated9906-€7,331-€7,734▼
Profit (loss) brought forward from the previous period14P-€3,950-€7,331▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,294€8,294€5,445€480€480=
Provisions for liabilities and charges: additions (uses and reversals)635/8---€55,484€0--
Other operating charges640/8€1,505€1,437€1,572€2,028€2,090▲ 3.1%
Gross operating margin9900-€6,233-€4,748-€4,333-€1,103€2,222▲ 301%
Operating profit (loss)9901-€16,031-€14,480€44,133-€3,611-€348▲ 90.4%
Financial income75/76B€1,399€1,130€782€286€0▼ 100.0%
Recurring financial income75€1,399€1,130€782€286€0▼ 100.0%
Financial charges65/66B€50€30€53€55€55=
Recurring financial charges65€50€30€53€55€55=
Profit (loss) for the period before taxes9903-€14,682-€13,379€44,863-€3,381-€403▲ 88.1%
Profit (loss) for the period9904-€14,682-€13,379€44,863-€3,381-€403▲ 88.1%
Profit (loss) for the period to be appropriated9905-€14,682-€13,379€44,863-€3,381-€403▲ 88.1%
Line20212022202320242025Change
Assets
Total assets20/58€49,365€37,304€24,394€19,302€23,740▲ 23.0%
Fixed assets21/28€28,226€19,932€14,487€14,007€13,527▼ 3.4%
Tangible fixed assets22/27€28,226€19,932€14,487€14,007€13,527▼ 3.4%
Land and buildings22€20,353€16,602€14,487€14,007€13,527▼ 3.4%
Plant, machinery and equipment23€7,159€3,330€0---
Other tangible fixed assets26€713€0----
Current assets29/58€21,139€17,372€9,908€5,295€10,213▲ 92.9%
Amounts receivable within one year40/41€18,514€14,888€7,772€1,654€0▼ 100%
Trade receivables40€1,706€0----
Other amounts receivable41€16,808€14,888€7,772€1,654€0▼ 100%
Cash at bank and in hand54/58€1,196€2,484€2,136€3,641€10,213▲ 181%
Deferred charges and accrued income490/1€1,430€0----
Equity and liabilities
Total equity and liabilities10/49€49,365€37,304€24,394€19,302€23,740▲ 23.0%
Equity10/15-€8,982-€22,361€22,501€19,120€18,717▼ 2.1%
Contributions10/11€18,592€18,592€18,592€18,592€18,592=
Reserves13€7,859€7,859€7,859€7,859€7,859=
Non-distributable reserves130/1€1,859€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859€1,859€1,859€1,859=
Distributable reserves133€6,000€6,000€6,000€6,000€6,000=
Profit (loss) carried forward14-€35,433-€48,812-€3,950-€7,331-€7,734▼ 5.5%
Provisions and deferred taxes16€55,484€55,484€0---
Provisions for liabilities and charges160/5€55,484€55,484€0---
Pensions and similar obligations160€55,484€55,484€0---
Amounts payable17/49€2,864€4,181€1,893€182€5,023▲ 2,667%
Amounts payable within one year42/48€2,864€2,859€1,893€182€3,452▲ 1,802%
Trade debts44€2,864€2,859€1,893€182€2,106▲ 1,061%
Suppliers440/4€2,864€2,859€1,893€182€2,106▲ 1,061%
Other amounts payable47/48----€1,346-
Accrued charges and deferred income492/3-€1,322€0-€1,571-
Line20212022202320242025Change
Profit (loss) for the period9904-€14,682-€13,379€44,863-€3,381-€403▲ 88.1%
+ Depreciation and write-downs630€8,294€8,294€5,445€480€480=
Operating cash flow (approximation)-€6,388-€5,085€50,308-€2,901€77▲ 103%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€1,288-€348€1,505€6,572▲ 337%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
26-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
27-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial Liquidity times 6current ratio 29.18
Current ratio from 5.23 to 29.18; short-term debt falls from €1,893 to €182.
28-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial Back to profitnet €44,863
Net result €44,863 after 5 loss-making years.
10-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
28-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
31-12
Financial Weakest financial yearnet -€14,682
Net result drops to -€14,682, the lowest in the series; recovery starts the following year.
27-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial Liquidity times 23current ratio 87.54
Current ratio from 3.81 to 87.54; short-term debt falls from €9,603 to €285.
27-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
18-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
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 4 acts read
About the unread acts

We know of 4 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
4 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, Antwerpen · 1 establishment unit since 1998
seat establishment The establishment unit on the map
Ground area
343 m²
Building footprint
189 m²
Volume, LiDAR
5,351 m³
Parcel 11810K1554/00Z005, Flanders · tallest building 31.3 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
Jan Van Rijswijcklaan 1-3, 2018 Antwerpen
NACE 74131
since 19982.085.452.983
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11810K1554/00Z005 Flanders 343 m² 1 · 189 m² 31.2 m · 10 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.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded03-02-1998
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.