What does PICAVET do?

PICAVET is registered with the CBE as active in: Bewerken en spinnen van textielvezels. Private Limited, started on 11 June 1949, 1 establishment.

What is the address of PICAVET?

The registered office of PICAVET is located at Rotsstraat 11, 9870 Zulte.

Is PICAVET still active?

Yes. According to the CBE (30 October 2026) PICAVET is active, legal situation “Normale toestand”, started on 11 June 1949.

Is PICAVET registered on Peppol?

Yes, PICAVET is registered on the Peppol network with ID 0208:0401038481.

What is the enterprise number of PICAVET?

The enterprise number of PICAVET is BE0401038481.

When was PICAVET founded?

PICAVET was founded on 11 June 1949.

Who are the directors of PICAVET?

According to the 2025 annual accounts, the directors of PICAVET are: Philip Picavet, Megalin BV.

Is PICAVET a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 11 June 1949; 4 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did PICAVET make in 2025?

PICAVET posted a profit after taxes of € 914,028 in financial year 2025.

What is the revenue of PICAVET?

As a small company, PICAVET is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 2,338,142.

How much does an employee at PICAVET earn?

The average wage cost per full-time employee at PICAVET was € 46,800 in 2025: staff costs of € 206,044 for 4.4 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does PICAVET have?

According to the 2025 annual accounts, PICAVET has 4.4 full-time equivalents (FTE).

PICAVET (Private Limited) - Zulte - BE0401038481

Dossier PICAVET, printed on 30 October 2026 from databakkes.be/en/0401038481/picavet. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

PICAVET from Zulte, company number BE0401038481, closed financial year 2025 with a result of € 914,028 after tax. For that financial year PICAVET recorded a gross margin of € 2.3 million and equity of € 6.9 million. Compared with financial year 2024, the result moved from € 3 million to € 914,028. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 27, 2026.

What it is worth Growing

€ 6.9 million

▲ 9% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 914,028

▼ 69% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.2 million

▲ 112% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 343,762 paid out

38 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Full-time equivalents

4.4

▲ 2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 206,044

▲ 16% vs 2024

€ 46,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 392,619

▼ 21% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 5 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 545,833

€ 118,000 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 71,849

▲ 33% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 106,903

▼ 8% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2024	2025	Change 2024 → 2025
Gross margin	€ 1,080,079 Gross margin 2021: € 1,080,079 First fiscal year in the series	€ 1,639,185 Gross margin 2022: € 1,639,185 ▲ 52% vs 2021 (€ 1,080,079) Favourable step	€ 5,235,901 Gross margin 2024: € 5,235,901 ▲ 219% vs 2022 (€ 1,639,185) Favourable step	€ 2,338,142 Gross margin 2025: € 2,338,142 ▼ 55% vs 2024 (€ 5,235,901) Unfavourable step	▼ 55%
Profit after taxes	€ 287,209 Profit after taxes 2021: € 287,209 First fiscal year in the series	€ 731,724 Profit after taxes 2022: € 731,724 ▲ 155% vs 2021 (€ 287,209) Favourable step	€ 2,964,273 Profit after taxes 2024: € 2,964,273 ▲ € 2.2 million vs 2022 (€ 731,724) Favourable step	€ 914,028 Profit after taxes 2025: € 914,028 ▼ 69% vs 2024 (€ 2,964,273) Unfavourable step	▼ 69%
Equity	€ 3,024,812 Equity 2021: € 3,024,812 First fiscal year in the series	€ 3,626,066 Equity 2022: € 3,626,066 ▲ 20% vs 2021 (€ 3,024,812) Favourable step	€ 6,340,790 Equity 2024: € 6,340,790 ▲ 75% vs 2022 (€ 3,626,066) Favourable step	€ 6,926,645 Equity 2025: € 6,926,645 ▲ 9% vs 2024 (€ 6,340,790) Favourable step	▲ 9%
Total debts	€ 202,203 Total debts 2021: € 202,203 First fiscal year in the series	€ 159,098 Total debts 2022: € 159,098 ▼ 21% vs 2021 (€ 202,203) Favourable step	€ 705,967 Total debts 2024: € 705,967 ▲ € 546,869 vs 2022 (€ 159,098) Unfavourable step	€ 817,934 Total debts 2025: € 817,934 ▲ 16% vs 2024 (€ 705,967) Unfavourable step	▲ 16%
Cash	€ 1,044,817 Cash 2021: € 1,044,817 First fiscal year in the series	€ 411,937 Cash 2022: € 411,937 ▼ 61% vs 2021 (€ 1,044,817) Unfavourable step	€ 570,451 Cash 2024: € 570,451 ▲ 38% vs 2022 (€ 411,937) Favourable step	€ 1,207,928 Cash 2025: € 1,207,928 ▲ 112% vs 2024 (€ 570,451) Favourable step	▲ 112%
Land & buildings	€ 370,562 Land & buildings 2021: € 370,562 First fiscal year in the series	€ 372,639 Land & buildings 2022: € 372,639 ▲ 1% vs 2021 (€ 370,562) Unchanged	€ 1,681,233 Land & buildings 2024: € 1,681,233 ▲ € 1.3 million vs 2022 (€ 372,639) Unchanged	€ 1,615,465 Land & buildings 2025: € 1,615,465 ▼ 4% vs 2024 (€ 1,681,233) Unchanged	▼ 4%
Retained profit	€ 2,999,812 Retained profit 2021: € 2,999,812 First fiscal year in the series	€ 3,601,066 Retained profit 2022: € 3,601,066 ▲ 20% vs 2021 (€ 2,999,812) Favourable step	€ 6,315,790 Retained profit 2024: € 6,315,790 ▲ 75% vs 2022 (€ 3,601,066) Favourable step	€ 6,886,056 Retained profit 2025: € 6,886,056 ▲ 9% vs 2024 (€ 6,315,790) Favourable step	▲ 9%
Dividend	€ 109,926 Dividend 2021: € 109,926 First fiscal year in the series	€ 130,470 Dividend 2022: € 130,470 ▲ 19% vs 2021 (€ 109,926) Unchanged	€ 249,549 Dividend 2024: € 249,549 ▲ 91% vs 2022 (€ 130,470) Unchanged	€ 343,762 Dividend 2025: € 343,762 ▲ 38% vs 2024 (€ 249,549) Unchanged	▲ 38%
Bank debt	€ 57,291 Bank debt 2021: € 57,291 First fiscal year in the series	€ 0 Bank debt 2022: € 0 ▼ 100% vs 2021 (€ 57,291) Favourable step	€ 0 Bank debt 2024: € 0 Unchanged (€ 0) Unchanged	€ 545,833 Bank debt 2025: € 545,833 Unchanged (€ 0) Unfavourable step
Balance sheet total	€ 3,287,204 Balance sheet total 2021: € 3,287,204 First fiscal year in the series	€ 3,837,270 Balance sheet total 2022: € 3,837,270 ▲ 17% vs 2021 (€ 3,287,204) Unchanged	€ 7,184,774 Balance sheet total 2024: € 7,184,774 ▲ 87% vs 2022 (€ 3,837,270) Unchanged	€ 7,872,362 Balance sheet total 2025: € 7,872,362 ▲ 10% vs 2024 (€ 7,184,774) Unchanged	▲ 10%
Employees (FTE)	4.6 Employees (FTE) 2021: 4.6 First fiscal year in the series	4.1 Employees (FTE) 2022: 4.1 ▼ 0.5 vs 2021 (4.6) Unchanged	2.4 Employees (FTE) 2024: 2.4 ▼ 1.7 vs 2022 (4.1) Unchanged	4.4 Employees (FTE) 2025: 4.4 ▲ 2 vs 2024 (2.4) Unchanged	▲ 2

Key figures of PICAVET, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.

What happened to PICAVET?

What happened at PICAVET in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Apr 27, 2026 New annual accounts for financial year 2025: profit of € 914,028 (▼ 69% vs 2024). Source: NBB ↗
2024 Megalin BV became a director. NBB
Jun 11, 1949 Start of the company according to the CBE. KBO
Jun 1, 1949 New establishment in Zulte. KBO

In short

From € 287,209 profit in 2021 to € 914,028 profit in 2025.

Paid € 1.6 million in corporate taxes since 2021.

Best year ever: 2024, with € 3 million profit.

On average € 531,400 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Philip Picavet Megalin BV

PICAVET

Behind PICAVET are Philip Picavet and Megalin BV.

Directors

According to the 2025 annual accounts

Philip Picavet

Director

Megalin BV

Director · represented by Picavet Thomas

since 2024

Establishments

Establishment units

Physical locations of this company

Registered office

Rotsstraat 11

9870 Zulte

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0401.038.481

VAT number

BE 0401.038.481

Registered office

Rotsstraat 11, 9870 Zulte

Names & denominations

PICAVET

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

11 June 1949

Peppol

Active · Active since 27 Mar 2026

Activities · NACE

Bewerken en spinnen van textielvezels

Bewerken en spinnen van vlas- of vlasachtige vezels

Teelt van vezelgewassen

Teelt van andere granen dan rijst, en van peulgewassen en oliehoudende zaden

View on CBE Public ↗ Annual accounts (NBB) ↗

PICAVET

Financials

What happened to PICAVET?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions