PYCARELLE
ActivePYCARELLE has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €180k and a net result of €25k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 77% of 942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +22 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+69
Solvency100=
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 5.04 against 3.64 in 2024), and 25.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 52
Relative position
BE, all sectors
reference
Sector 52
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 2025Solvency, return and age of the figures
Solvency
74.9%
Return on assets
10.3%
Age of the figures
8 mo
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
1 d late
2023
15 d late
2022
14 d late
2021
16 d early
2020
30 d late
2019
55 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€180k▲ 15.4%
2024 · €156k
2018: €101k
2019: €113k
2020: €137k
2021: €145k
2022: €158k
2023: €156k
2024: €156k
2018 → 2025
Total assets
€240k▲ 12.4%
2024 · €213k
2018: €286k
2019: €328k
2020: €332k
2021: €272k
2022: €261k
2023: €231k
2024: €213k
2018 → 2025
Net result
€25k
2024 · €-420
2018: €16k
2019: €12k
2020: €24k
2021: €8k
2022: €14k
2023: €-2k
2024: €-420
2018 → 2025
Working capital
€192k▲ 32.2%
2024 · €145k
2018: €69k
2019: €48k
2020: €78k
2021: €81k
2022: €110k
2023: €128k
2024: €145k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€145k-€158k▲ 8.9%€156k▼ 1.0%€156k▼ 0.3%€180k▲ 15.4%
Operating result€19k-€18k▼ 5.2%€2k▼ 87.4%€1k▼ 56.9%€41k▲ 4,000%
Net result€8k-€14k▲ 74.1%€-2k€-420▲ 72.8%€25k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 4,000% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €240k
Fixed assets
€601▼ 95.5%
Current assets
€239k▲ 19.6%
Equity and liabilities €240k
Equity
€180k▲ 15.4%
Debt
€60k▲ 4.4%
The debt ratio falls from 27.0% to 25.1%: equity grows faster than debt.
Key figures and ratios
EBITDA
€53k▲
2024 · €24k
Cash flow
€37k▲
2024 · €23k
Solvency
74.9%▲
2024 · 73.0%
Current ratio
5.04▲
2024 · 3.64
Quick ratio
5.04▲
2024 · 3.64
Debt / equity
0.33▼
2024 · 0.37
ROE
13.8%▲
2024 · -0.3%
ROA
10.3%▲
2024 · -0.2%
Interest coverage
18.01▼
2024 · 26.71
Debt
€60k▲
2024 · €58k
Debt ≤ 1 year
€47k▼
2024 · €55k
Income taxes
€13k▲
2024 · €586
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€213k€240k▲
Fixed assets21/28€13k€601▼
Tangible fixed assets22/27€13k€601▼
Plant, machinery and equipment23€1k€398▼
Furniture and vehicles24€11k-
Other tangible fixed assets26€538€203▼
Financial fixed assets28€705-
Current assets29/58€200k€239k▲
Amounts receivable within one year40/41€21k€14k▼
Trade receivables40€21k€14k▼
Other amounts receivable41€294-
Cash at bank and in hand54/58€154k€218k▲
Deferred charges and accrued income490/1€25k€7k▼
Equity and liabilities
Total equity and liabilities10/49€213k€240k▲
Equity10/15€156k€180k▲
Contributions10/11€109k€109k=
Reserves13€49k€73k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€47k€71k▲
Profit (loss) carried forward14€-2k€-2k▲
Amounts payable17/49€58k€60k▲
Amounts payable within one year42/48€55k€47k▼
Trade debts44€18k€6k▼
Suppliers440/4€18k€6k▼
Taxes, remuneration and social security45€7k€15k▲
Taxes450/3€7k€15k▲
Other amounts payable47/48€30k€27k▼
Accrued charges and deferred income492/3€3k€13k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€12k▼
Other operating charges640/8€15k€12k▼
Gross operating margin9900€39k€65k▲
Operating profit (loss)9901€1k€41k▲
Financial income75/76B€82-
Recurring financial income75€82-
Financial charges65/66B€916€3k▲
Recurring financial charges65€916€3k▲
Profit (loss) for the period before taxes9903€166€38k▲
Income taxes67/77€586€13k▲
Profit (loss) for the period9904€-420€25k▲
Profit (loss) for the period to be appropriated9905€-420€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€23k▲
Profit (loss) brought forward from the previous period14P€-2k€-2k▼
Transfer to equity691/2-€24k
To other reserves6921-€24k
Profit to be distributed694/7-€833
Return on contributions (dividend)694-€833
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
15-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
2023
31-12
Financial
Weakest financial yearnet €-2k ▼111%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
31-12
Financial
Equity above €150kEq €158k ▲8.9%
5 profitable years in a row build equity to €158k.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
05-07
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.
Directors · office · real estate
Directors
1 act for this company is 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, Kortrijk · 1 establishment unit since 1995
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.
Condédreef(Kor) 88500 KortrijkGround area
515 m²
Building footprint
121 m²
Volume, LiDAR
615 m³
Parcel 34022E0209/00A005, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PYCARELLE
since 19952.070.819.643
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0209/00A005 | Flanders | 515 m² | 1 · 121 m² | 6.8 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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GUYVIN
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Of 3,174 companies in sector 52250 we hold annual accounts for 1,945. 1,436 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-12-1994
Fiscal year end31-12
Activities, NACEBEL
52250Logistics services
52290Warehousing and support activities for transportation
63405
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.