PYCKAVET
ActiveThe annual accounts of PYCKAVET for fiscal year 2025 show a net loss of 66% of the equity at the start of that year. The 2025 annual accounts show equity of €2k and a net result of €-5k. Equity is shrinking by ~16.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 23% of 11323 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-33
Solvency31▼-5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.33 against 0.7 in 2024; short-term debt: 61.1% and cash: 1.7% of total assets), and 94.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
5.7%
Return on assets
-11.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 11323 sector peers (2025).
NBB · sector comparisonPosition among 11323 sector peers
Solvency
better than 23%
← weakest
strongest →
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 13-06-2026, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
48 d early
2024
23 d early
2023
6 d early
2022
24 d early
2021
26 d early
2020
11 d early
2019
13 d early
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▼ 66.1%
2024 · €7k
2018: €13k
2019: €13k
2020: €35k
2021: €37k
2022: €1k
2023: €4k
2024: €7k
2018 → 2025
Total assets
€41k▼ 36.3%
2024 · €64k
2018: €144k
2019: €101k
2020: €89k
2021: €77k
2022: €38k
2023: €46k
2024: €64k
2018 → 2025
Net result
€-5k
2024 · €3k
2018: €-20k
2019: €285
2020: €22k
2021: €3k
2022: €-36k
2023: €3k
2024: €3k
2018 → 2025
Working capital
€-17k▼ 41.0%
2024 · €-12k
2018: €102k
2019: €65k
2020: €64k
2021: €52k
2022: €7k
2023: €-26k
2024: €-12k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€37k-€1k▼ 96.1%€4k▲ 203%€7k▲ 57.9%€2k▼ 66.1%
Operating result€4k-€-35k€6k€7k▲ 9.4%€1k▼ 82.6%
Net result€3k-€-36k€3k€3k▼ 13.6%€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 83% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41k
Fixed assets
€33k▼ 11.4%
Current assets
€8k▼ 69.9%
Equity and liabilities €41k
Equity
€2k▼ 66.1%
Debt
€39k▼ 32.8%
The debt ratio rises from 89.3% to 94.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5k▼
2024 · €11k
Cash flow
€-341▼
2024 · €6k
Solvency
5.7%▼
2024 · 10.7%
Current ratio
0.33▼
2024 · 0.70
Quick ratio
0.33▼
2024 · 0.70
Debt / equity
16.62▲
2024 · 8.37
ROE
-195.4%▼
2024 · 36.7%
ROA
-11.1%▼
2024 · 3.9%
Interest coverage
0.96▼
2024 · 2.66
Debt
€39k▼
2024 · €58k
Debt ≤ 1 year
€25k▼
2024 · €39k
Debt > 1 year
€12k▼
2024 · €15k
Income taxes
€366▼
2024 · €465
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€64k€41k▼
Fixed assets21/28€37k€33k▼
Tangible fixed assets22/27€37k€33k▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€4k€3k▼
Other tangible fixed assets26€27k€25k▼
Current assets29/58€27k€8k▼
Amounts receivable within one year40/41€19k€5k▼
Trade receivables40€12k€2k▼
Other amounts receivable41€7k€3k▼
Cash at bank and in hand54/58€8k€694▼
Deferred charges and accrued income490/1€856€2k▲
Equity and liabilities
Total equity and liabilities10/49€64k€41k▼
Equity10/15€7k€2k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-14k€-18k▼
Amounts payable17/49€58k€39k▼
Amounts payable after more than one year17€15k€12k▼
Financial debts170/4€15k€12k▼
Amounts payable within one year42/48€39k€25k▼
Current portion of amounts payable after more than one year42€19k€5k▼
Trade debts44€16k€12k▼
Suppliers440/4€16k€12k▼
Taxes, remuneration and social security45€4k€8k▲
Taxes450/3€4k€8k▲
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2k-
Other operating charges640/8€3k€3k▼
Gross operating margin9900€12k€8k▼
Operating profit (loss)9901€7k€1k▼
Financial income75/76B€3€224▲
Recurring financial income75€3€224▲
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€3k€-4k▼
Income taxes67/77€465€366▼
Profit (loss) for the period9904€3k€-5k▼
Profit (loss) for the period to be appropriated9905€3k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-18k▼
Profit (loss) brought forward from the previous period14P€-16k€-14k▲
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
13-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-36k ▼1492%
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €22k ▲7537%
Operating result €24k, net result €22k, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €285
Net result €285 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
05-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Damme · 1 establishment unit since 2011
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.
Weststraat 68340 DammeGround area
4,238 m²
Building footprint
421 m²
Volume, LiDAR
2,183 m³
2 parcels, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PYCKAVET
since 20112.196.829.274
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31019D0148/00B000 | Flanders | 3,249 m² | 1 · 205 m² | 7.1 m · 2 fl. |
| 31019A0467/00M000 | Flanders | 990 m² | 1 · 216 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CRM14
BE 0432.846.167
Nazareth-De Pinte · Eq €2k
Thiagocruz
BE 1002.543.993
Westerlo · Eq €2k
SANIS & SYNEOS
BE 0739.764.857
Nivelles · Eq €2k
GROW RESOURCE
BE 0684.854.444
Antwerpen · Eq €2k
BP et SI
BE 0458.472.577
Zaventem · Eq €2k
Of 6,155 companies in sector 46190 we hold annual accounts for 2,570. 625 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-02-2011
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.