PICSTRO
ActiveSummary
PICSTRO has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €437,999 and a net result of €12,562. Equity remains stable across the filed financial years (±1.5% per year). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €437,999
- Profit
- €12,562
Why 93raises riskNo registered site in the KBOlowers riskSize: turnover €0, total assets €707,265Figures for financial year 2025 (filed 30-06-2026)Equity €437,999 (61.9% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 52% on solvency, 43% on liquidity, 51% on profitability and 33% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 62 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Back to profitnet €12,562
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €31,277 after a loss of €3,916 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 6,049 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95.9% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,049 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €0 | €0 | €0 | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €0 | €0 | €0 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,073 | €38,585 | €38,585 | €38,875 | €40,988 | €44,826 | €47,343 | €51,393 | ▲ 8.6% |
| Other operating charges640/8 | - | - | - | €42,496 | €45,255 | €58,765 | €61,557 | €56,459 | ▼ 8.3% |
| Gross operating margin9900 | €105,535 | €80,421 | €118,210 | €103,171 | €126,940 | €134,964 | €104,984 | €139,128 | ▲ 32.5% |
| Operating profit (loss)9901 | €23,163 | -€3,410 | €37,853 | €21,800 | €40,698 | €31,373 | -€3,916 | €31,277 | - |
| Financial income75/76B | - | - | - | - | - | - | €128 | €532 | ▲ 316% |
| Recurring financial income75 | €1 | - | - | - | - | - | €128 | €532 | ▲ 316% |
| Financial charges65/66B | - | - | - | €8,273 | €7,878 | €10,374 | €14,398 | €12,418 | ▼ 13.7% |
| Recurring financial charges65 | €3,942 | €7,792 | €7,995 | €8,273 | €7,878 | €10,374 | €14,398 | €12,418 | ▼ 13.7% |
| Profit (loss) for the period before taxes9903 | €19,222 | -€11,202 | €29,858 | €13,527 | €32,820 | €20,998 | -€18,186 | €19,390 | - |
| Transfer from deferred taxes780 | - | - | - | - | €40 | €218 | €218 | €218 | = |
| Transfer to deferred taxes680 | - | - | - | - | €4,361 | - | - | - | - |
| Income taxes67/77 | €750 | €176,607 | €172 | €4,675 | €5,206 | €10,026 | €0 | €7,047 | - |
| Profit (loss) for the period9904 | €18,471 | -€27,032 | €29,686 | €8,853 | €23,294 | €11,190 | -€17,968 | €12,562 | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | €121 | €654 | €654 | €654 | = |
| Transfer to tax-exempt reserves689 | - | - | - | - | €13,083 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €18,471 | €299,392 | €29,686 | €8,853 | €10,331 | €11,844 | -€17,314 | €13,216 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €838,526 | €810,213 | €868,542 | €718,617 | €749,983 | €759,150 | €703,502 | €707,265 | ▲ 0.5% |
| Formation expenses20 | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €778,315 | €746,176 | €706,258 | €674,146 | €682,351 | €658,027 | €624,327 | €594,442 | ▼ 4.8% |
| Tangible fixed assets22/27 | €778,315 | €744,843 | €706,258 | €674,146 | €682,351 | €658,027 | €624,327 | €594,442 | ▼ 4.8% |
| Land and buildings22 | - | - | - | €664,095 | €660,632 | €634,071 | €599,283 | €558,176 | ▼ 6.9% |
| Plant, machinery and equipment23 | - | - | - | €10,051 | €21,719 | €23,956 | €25,044 | €36,266 | ▲ 44.8% |
| Financial fixed assets28 | - | €1,333 | €0 | - | €0 | €0 | - | €0 | - |
| Current assets29/58 | €60,211 | €64,037 | €162,284 | €44,471 | €67,632 | €101,123 | €79,175 | €112,823 | ▲ 42.5% |
| Amounts receivable within one year40/41 | €16,161 | €2,113 | €4,920 | €24,158 | €24,484 | €22,050 | €8,497 | €17,523 | ▲ 106% |
| Trade receivables40 | - | - | - | €24,158 | €23,656 | €21,223 | €3,459 | €8,050 | ▲ 133% |
| Other amounts receivable41 | - | - | - | €0 | €828 | €828 | €5,038 | €9,473 | ▲ 88.0% |
| Cash at bank and in hand54/58 | €37,344 | €55,124 | €155,912 | €18,861 | €43,148 | €79,067 | €63,320 | €92,466 | ▲ 46.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,452 | €0 | €6 | €7,358 | €2,834 | ▼ 61.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €838,526 | €810,213 | €868,542 | €718,617 | €749,983 | €759,150 | €703,502 | €707,265 | ▲ 0.5% |
| Equity10/15 | €427,101 | €400,069 | €429,755 | €438,608 | €461,901 | €473,092 | €455,124 | €437,999 | ▼ 3.8% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €356,425 | €30,000 | €59,686 | €68,539 | €91,832 | €103,023 | €102,368 | €85,244 | ▼ 16.7% |
| Non-distributable reserves130/1 | - | - | - | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Legal reserve130 | - | - | - | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Tax-exempt reserves132 | - | - | - | - | €12,962 | €12,308 | €11,654 | €11,000 | ▼ 5.6% |
| Distributable reserves133 | - | - | - | €38,539 | €48,870 | €60,714 | €60,714 | €44,244 | ▼ 27.1% |
| Profit (loss) carried forward14 | €8,677 | €308,069 | €308,069 | €308,069 | €308,069 | €308,069 | €290,755 | €290,755 | = |
| Provisions and deferred taxes16 | €160,776 | €0 | - | - | €4,321 | €4,103 | €3,885 | €3,667 | ▼ 5.6% |
| Deferred taxes168 | - | - | - | - | €4,321 | €4,103 | €3,885 | €3,667 | ▼ 5.6% |
| Amounts payable17/49 | €250,648 | €410,144 | €438,787 | €280,009 | €283,761 | €281,956 | €244,494 | €265,599 | ▲ 8.6% |
| Amounts payable within one year42/48 | €250,648 | €402,692 | €423,450 | €237,933 | €230,433 | €233,175 | €230,140 | €245,395 | ▲ 6.6% |
| Trade debts44 | €20,982 | €11,044 | €28,465 | €11,006 | €4,497 | €23,310 | €17,252 | €30,842 | ▲ 78.8% |
| Suppliers440/4 | - | - | - | €11,006 | €4,497 | €23,310 | €17,252 | €30,842 | ▲ 78.8% |
| Advances received on contracts in progress46 | - | - | - | €700 | €880 | €880 | €880 | €880 | = |
| Taxes, remuneration and social security45 | - | - | - | €21,039 | €16,650 | €9,059 | €17,026 | €1,322 | ▼ 92.2% |
| Taxes450/3 | - | - | - | €12,939 | €2,650 | €6,059 | €10,026 | €1,322 | ▼ 86.8% |
| Remuneration and social security454/9 | - | - | - | €8,100 | €14,000 | €3,000 | €7,000 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €205,188 | €208,405 | €199,926 | €194,982 | €212,352 | ▲ 8.9% |
| Accrued charges and deferred income492/3 | - | - | - | €42,077 | €53,328 | €48,781 | €14,353 | €20,204 | ▲ 40.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,471 | -€27,032 | €29,686 | €8,853 | €23,294 | €11,190 | -€17,968 | €12,562 | - |
| + Depreciation and write-downs630 | €38,073 | €38,585 | €38,585 | €38,875 | €40,988 | €44,826 | €47,343 | €51,393 | ▲ 8.6% |
| Operating cash flow (approximation) | €56,544 | €11,552 | €68,271 | €47,728 | €64,281 | €56,016 | €29,375 | €63,954 | ▲ 118% |
| Investment in fixed assets (approximation) | - | -€6,446 | €1,333 | -€6,763 | -€49,193 | -€20,501 | -€13,643 | -€21,508 | ▼ 57.6% |
| Change in cash | - | €17,780 | €100,788 | -€137,050 | €24,287 | €35,918 | -€15,747 | €29,146 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00244036 |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00333833 |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00304859 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00427332 |
| 31-12-2021 | micro format | 25-07-2023 | 2023-00273456 |
| 31-12-2020 | micro format | 22-07-2021 | 2021-39500066 |
| 31-12-2019 | micro format | 30-10-2020 | 2020-68400590 |
| 31-12-2018 | micro format | 31-10-2019 | 2019-73200357 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-61400153 |
| 31-12-2016 | micro format | 03-11-2017 | 2017-69400139 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 05-10-2023 Capital stated in the deed · €62,000 · 600 shares
Group and network
Connections & network
No directors read yet: 1 of 5 Gazette acts processed.
History
Acts, filings and financial milestones
05-10
Gazette deed
Permanent representative: Isabelle CAMMAERTCapital · Registered office clause · Power of attorney10 facts ▸
- General meeting, 28-09-2023
- Other provision, “unanimité des voix, adaptation des statuts au Code des sociétés et des associations” (deed in French)
- Other provision, “unanimité des voix, adoption de statuts nouveaux en concordance avec le Code des sociétés et des associations” (deed in French)
- Capital, €62,000
- Registered office clause, “adoptée à unanimité des voix, 1000 Bruxelles,avenue de Cortenbergh 66 boîte 2” (deed in French)
- Power of attorney
- Board meeting, “nommer représentant permanent de la société, ici présents” (deed in French)
- Board composition, Jean-Pierre PIRSON (director)
- Board composition, Isabelle CAMMAERT (director)
- Permanent representative, Isabelle CAMMAERT (représentant permanent de la société)
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21806F0351/00T000 | Brussels | 484 m² | 1 · 482 m² | 29.0 m · 7 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutes opérations immobilières et toutes études ayant trait à tous biens et/ou à tous droits immobiliers, par nature, par incorporation ou…” (deed in French)
9 activities (deed in French)
- Toutes opérations immobilières et toutes études ayant trait à tous biens et/ou à tous droits immobiliers, par nature, par incorporation ou par destination, et aux biens et/ou à tous droits mobiliers qui en découlent, ainsi que toutes opérations civiles, commerciales, industrielles ou financières, qui s’y rapportent directement ou indirectement, comme, à titre d’exemple, l’achat, la mise en valeur, le lotissement, l’échange, l’amélioration, la location meublée ou non, la vente, la cession, la gestion, la transformation, la construction et la destruction de biens immobiliers et mobiliers.
- Aux fins de réaliser son objet, la société peut émettre des emprunts obligataires, des certificats fonciers et tout autre emprunt analogue.
- Elle peut hypothéquer ces biens immobiliers et mettre en gage ses autres biens, y compris le fonds de commerce, ainsi que donner son aval pour tout emprunt ou ouverture de crédit.
- La société a également pour objet tous conseils et expertises mobilières et immobilières ; tous conseils en location, vente, investissements et achat d’immeubles, parties d’immeubles et de terrains ; tous conseils en implantations, en conception, en promotions d’immeubles de bureaux, industriels, résidentiels ; tous conseils en mobiliers et en arts.
- La société peut agir pour son compte, par commission, comme intermédiaire ou comme représentant.
- Elle peut accepter tout mandat de gestion et d’administration dans toute société et association quelconque et se porter caution pour autrui.
- Elle peut accomplir toutes opérations généralement quelconques, commerciales, industrielles, financières, mobilières ou immobilières, se rapportant directement ou indirectement à son objet, et notamment, sans que cette liste ne soit limitative, vendre ou acheter, prendre en location, louer et échanger tous biens mobiliers, prendre, obtenir, agréer, acquérir, céder, toutes marques de fabrique, brevets d’invention et licences et effectuer des placements en valeurs mobilières.
- Elle pourra faire toutes opérations mobilières, immobilières, financières, se rapportant directement ou indirectement à son objet, ou de nature à en faciliter directement ou indirectement, entièrement ou partiellement, la réalisation.
- Elle pourra s'intéresser par voie d'apports, de souscriptions, de fusions ou de toutes autres manières dans tous affaires ayant avec son objet un lien économique quelconque.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Picstro
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, établir ou supprimer sièges administratifs, agences, ateliers, dépôts et succursales en Belgique et à…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Six ans, nombre minimum requis par la loi” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Sous réserve de convention ou pacte d’actionnaires” (deed in French)
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque raison et à tout moment, désignation liquidateurs” (deed in French)“Pouvoirs liquidateurs, assemblée générale en décide autrement à majorité voix” (deed in French)