Summary
PICQUAD is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.56M and a net result of €73k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 53% of 5547 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
28 d early
2023
43 d early
2022
41 d early
2021
34 d early
2020
46 d early
2019
53 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
€1.56M▲ 4.9%
2024 · €1.48M
Net result
€73k▼ 40.1%
2024 · €122k
Total assets
€2.84M▼ 0.6%
2024 · €2.85M
Solvency
54.9%▲ 2.9pp
2024 · 52.0%
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€-22k▼ 54.9%€-16k▲ 26.5%€-26k▼ 64.7%€-25k▲ 3.2%€-6k▲ 77.2%
Net result€150k€-139k€104k€122k▲ 16.4%€73k▼ 40.1%
Equity€1.40M▲ 12.0%€1.26M▼ 9.9%€1.36M▲ 8.3%€1.48M▲ 8.9%€1.56M▲ 4.9%
Total assets€3.12M▲ 3.4%€2.92M▼ 6.6%€2.81M▼ 3.8%€2.85M▲ 1.6%€2.84M▼ 0.6%
Debt€1.73M▼ 2.6%€1.66M▼ 3.9%€1.45M▼ 12.9%€1.37M▼ 5.3%€1.28M▼ 6.5%
Working capital€454k▲ 67.8%€350k▼ 22.9%€490k▲ 39.8%€642k▲ 31.1%€436k▼ 32.0%
Solvency44.7%▲ 3.4pp43.1%▼ 1.6pp48.5%▲ 5.4pp52.0%▲ 3.5pp54.9%▲ 2.9pp
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €25k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.84M
Fixed assets
€1.12M ▲ 33.1%
Current assets
€1.72M ▼ 14.6%
Equity and liabilities €2.84M
Equity
€1.56M ▲ 4.9%
Debt
€1.28M ▼ 6.5%
Debt's share of the balance-sheet total falls from 48.0% to 45.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
4.7%▼
2024 · 8.2%
ROA
2.6%▼
2024 · 4.3%
Debt ≤ 1 year
€1.28M▼
2024 · €1.37M
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €6k | €6k | €9k | ▲ 44.3% |
| Other operating charges640/8 | €4k | €4k | €10k | €7k | €6k | ▼ 17.8% |
| Gross operating margin9900 | €-11k | €-5k | €-10k | €-12k | €9k | ▲ 179% |
| Operating profit (loss)9901 | €-22k | €-16k | €-26k | €-25k | €-6k | ▲ 77.2% |
| Financial income75/76B | €169k | €89k | €91k | €182k | €135k | ▼ 26.0% |
| Recurring financial income75 | €169k | €89k | €91k | €182k | €135k | ▼ 26.0% |
| Financial charges65/66B | €-3k | €212k | €-39k | €35k | €56k | ▲ 60.1% |
| Recurring financial charges65 | €-3k | €212k | €-39k | €35k | €56k | ▲ 60.1% |
| Profit (loss) for the period before taxes9903 | €150k | €-139k | €104k | €122k | €73k | ▼ 40.1% |
| Profit (loss) for the period9904 | €150k | €-139k | €104k | €122k | €73k | ▼ 40.1% |
| Profit (loss) for the period to be appropriated9905 | €150k | €-139k | €104k | €122k | €73k | ▼ 40.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.12M | €2.92M | €2.81M | €2.85M | €2.84M | ▼ 0.6% |
| Fixed assets21/28 | €942k | €909k | €873k | €842k | €1.12M | ▲ 33.1% |
| Tangible fixed assets22/27 | €233k | €227k | €220k | €214k | €528k | ▲ 146% |
| Land and buildings22 | €233k | €227k | €220k | €214k | €528k | ▲ 146% |
| Financial fixed assets28 | €709k | €682k | €652k | €628k | €592k | ▼ 5.6% |
| Current assets29/58 | €2.18M | €2.01M | €1.94M | €2.01M | €1.72M | ▼ 14.6% |
| Amounts receivable within one year40/41 | €16k | €25k | €11k | €22k | €22k | ▼ 1.5% |
| Trade receivables40 | - | €9k | - | - | €6k | - |
| Other amounts receivable41 | €16k | €16k | €11k | €22k | €16k | ▼ 28.2% |
| Current investments50/53 | €1.69M | €1.84M | €1.77M | €1.88M | €1.55M | ▼ 17.2% |
| Cash at bank and in hand54/58 | €474k | €141k | €146k | €108k | €138k | ▲ 27.6% |
| Deferred charges and accrued income490/1 | €5k | €4k | €4k | €4k | €4k | ▼ 15.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.12M | €2.92M | €2.81M | €2.85M | €2.84M | ▼ 0.6% |
| Equity10/15 | €1.40M | €1.26M | €1.36M | €1.48M | €1.56M | ▲ 4.9% |
| Contributions10/11 | €2.69M | €2.69M | €2.69M | €2.69M | €2.69M | = |
| Capital10 | €2.69M | €2.69M | €2.69M | €2.69M | €2.69M | = |
| Issued capital100 | €2.69M | €2.69M | €2.69M | €2.69M | €2.69M | = |
| Reserves13 | €269k | €269k | €269k | €269k | €269k | = |
| Non-distributable reserves130/1 | €269k | €269k | €269k | €269k | €269k | = |
| Legal reserve130 | €269k | €269k | €269k | €269k | €269k | = |
| Profit (loss) carried forward14 | €-1.57M | €-1.70M | €-1.60M | €-1.48M | €-1.41M | ▲ 4.9% |
| Amounts payable17/49 | €1.73M | €1.66M | €1.45M | €1.37M | €1.28M | ▼ 6.5% |
| Amounts payable within one year42/48 | €1.73M | €1.66M | €1.45M | €1.37M | €1.28M | ▼ 6.5% |
| Trade debts44 | €2k | €1k | €1k | - | €29 | - |
| Suppliers440/4 | €2k | €1k | €1k | - | €29 | - |
| Taxes, remuneration and social security45 | - | - | - | - | €5k | - |
| Taxes450/3 | - | - | - | - | €5k | - |
| Other amounts payable47/48 | €1.73M | €1.66M | €1.44M | €1.37M | €1.28M | ▼ 6.8% |
| Accrued charges and deferred income492/3 | - | €1k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €150k | €-139k | €104k | €122k | €73k | ▼ 40.1% |
| + Depreciation and write-downs630 | €6k | €6k | €6k | €6k | €9k | ▲ 44.3% |
| Operating cash flow (approximation) | €156k | €-133k | €111k | €128k | €82k | ▼ 35.9% |
| Investment in fixed assets (approximation) | - | €27k | €30k | €24k | €-288k | ▼ 1,277% |
| Change in cash | - | €-333k | €5k | €-38k | €30k | ▲ 178% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €104k
Net result €104k after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-139k
Net result drops to €-139k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €150k
Net result €150k after one loss-making year.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
31-12
Financial
Back to profitnet €134k
Net result €134k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
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 10 acts read
About the unread acts
We know of 10 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
10 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, Genappe · 1 establishment unit since 2000
Ground area
2,440 m²
Building footprint
1,090 m²
Volume, LiDAR
12,740 m³
2 parcels, Brussels, Wallonia · tallest building 20.6 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Clemenceaulaan 87, 1070 Anderlecht
since 20002.094.150.519
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25003F0511/00F000 | Wallonia | 1,373 m² | 1 · 76 m² | 9.1 m · 3 fl. |
| 21305B0221/00C007 | Brussels | 1,067 m² | 1 · 1,014 m² | 20.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
967600XJQDOG2F1ISW54
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 11,637 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-09-1998
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.