PICOTEC
ActivePICOTEC has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €780k and a net result of €38k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 90% of 82 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
86
/ 100
Excellent▼ -14 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability24▼-49
Solvency100▲+2
Growth52=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 5.38 against 2.34 in 2023), and 18% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 24
Relative position
BE, all sectors
reference
Sector 24
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
82%
Return on assets
4%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
27 d late
2022
25 d late
2021
5 d early
2020
61 d late
2019
57 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€780k▲ 5.1%
2023 · €742k
2018: €628k
2019: €825k
2020: €703k
2021: €713k
2022: €709k
2023: €742k
2018 → 2024
Total assets
€952k▼ 25.0%
2023 · €1.27M
2018: €952k
2019: €1.43M
2020: €891k
2021: €895k
2022: €914k
2023: €1.27M
2018 → 2024
Net result
€38k▼ 64.6%
2023 · €108k
2018: €126k
2019: €197k
2020: €68k
2021: €9k
2022: €-3k
2023: €108k
2018 → 2024
Working capital
€749k▲ 6.0%
2023 · €707k
2018: €629k
2019: €804k
2020: €666k
2021: €638k
2022: €657k
2023: €707k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€703k-€713k▲ 1.3%€709k▼ 0.4%€742k▲ 4.6%€780k▲ 5.1%
Operating result€83k-€33k▼ 60.7%€38k▲ 15.9%€136k▲ 258%€72k▼ 46.9%
Net result€68k-€9k▼ 86.5%€-3k€108k€38k▼ 64.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 47% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €952k
Fixed assets
€31k▼ 11.3%
Current assets
€921k▼ 25.4%
Equity and liabilities €952k
Equity
€780k▲ 5.1%
Debt
€171k▼ 67.5%
The debt ratio falls from 41.5% to 18.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€89k▼
2023 · €158k
Cash flow
€55k▼
2023 · €130k
Solvency
82.0%▲
2023 · 58.5%
Current ratio
5.38▲
2023 · 2.34
Quick ratio
4.77▲
2023 · 2.16
Debt / equity
0.22▼
2023 · 0.71
ROE
4.9%▼
2023 · 14.5%
ROA
4.0%▼
2023 · 8.5%
Interest coverage
104.54▲
2023 · 3.34
Debt
€171k▼
2023 · €527k
Debt ≤ 1 year
€171k▼
2023 · €527k
Income taxes
€34k▲
2023 · €374
Staff costs
€172k▼
2023 · €182k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.27M€952k▼
Fixed assets21/28€35k€31k▼
Tangible fixed assets22/27€35k€31k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€30k€20k▼
Other tangible fixed assets26€1k€9k▲
Financial fixed assets28€455€455=
Current assets29/58€1.23M€921k▼
Stocks and contracts in progress3€98k€105k▲
Stocks30/36€98k€105k▲
Amounts receivable within one year40/41€1.02M€636k▼
Trade receivables40€646k€318k▼
Other amounts receivable41€373k€319k▼
Current investments50/53€6k€34k▲
Cash at bank and in hand54/58€97k€137k▲
Deferred charges and accrued income490/1€14k€8k▼
Equity and liabilities
Total equity and liabilities10/49€1.27M€952k▼
Equity10/15€742k€780k▲
Contributions10/11€21k€21k=
Reserves13€721k€759k▲
Distributable reserves133€721k€759k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€527k€171k▼
Amounts payable within one year42/48€527k€171k▼
Financial debts43€135€81▼
Credit institutions430/8€135€41▼
Other loans439-€40
Trade debts44€276k€91k▼
Suppliers440/4€276k€91k▼
Taxes, remuneration and social security45€125k€69k▼
Taxes450/3€98k€45k▼
Remuneration and social security454/9€27k€24k▼
Other amounts payable47/48€126k€11k▼
Income statement
Code20232024
Remuneration, social security and pensions62€182k€172k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€17k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€341k€264k▼
Operating profit (loss)9901€136k€72k▼
Financial income75/76B€20k€1k▼
Recurring financial income75€20k€1k▼
Financial charges65/66B€47k€854▼
Recurring financial charges65€47k€854▼
Profit (loss) for the period before taxes9903€108k€72k▼
Income taxes67/77€374€34k▲
Profit (loss) for the period9904€108k€38k▼
Profit (loss) for the period to be appropriated9905€108k€38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€114k€38k▼
Profit (loss) brought forward from the previous period14P€6k€0▼
Transfer to equity691/2€39k€38k▼
To other reserves6921€39k€38k▼
Profit to be distributed694/7€75k€0▼
Directors or managers695€75k€0▼
Social balance
Average headcount (FTE)90873.23.2=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 5.38
Current ratio from 2.34 to 5.38; short-term debt falls from €527k to €171k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
31-12
Financial
Back to profitnet €108k
Net result €108k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
31-12
Financial
Weakest financial yearnet €-3k ▼133%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 5.16
Current ratio from 2.40 to 5.16; short-term debt falls from €575k to €160k.
26-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 57 days late
2019
31-12
Financial
Highest result since 2018net €197k ▲56.3%
Operating result €282k, net result €197k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Stabroek · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Waterstraat 12940 StabroekGround area
550 m²
Building footprint
371 m²
Volume, LiDAR
1,712 m³
Parcel 11044B0343/00Z000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PICOTEC
since 20132.224.522.477
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11044B0343/00Z000 | Flanders | 550 m² | 1 · 371 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 164 companies in sector 24200 we hold annual accounts for 94. 51 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-10-2013
Fiscal year end31-12
Activities, NACEBEL
24200Manufacture of basic metals
46620Wholesale of machine tools
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.