Financials
Financial year 2025
Worth noting
- The team shrank two years in a row.
Revenue
€ 300.9 million
▲ 11% vs 2024
Profit
Healthy€ 17.2 million
▼ 94% vs 2024
Debts
Low€ 58.3 million
▼ 14% vs 2024
PICANOL from Ieper, company number BE0405502362, closed financial year 2025 with a result of € 17.2 million after tax. For that financial year PICANOL recorded revenue of € 300.9 million and equity of € 148.8 million. Compared with financial year 2024, the result moved from € 275 million to € 17.2 million. 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 June 1, 2026.
What happened at PICANOL?
What happened at PICANOL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Johan Verstraete stepped down as director. NBB
- Catheriine Defoor stepped down as director. NBB
- Luc TACK stepped down as director. NBB
- Sandra Hoeylaerts stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 17.2 million (▼ 94% vs 2024). Source: NBB ↗
- Luc TACK became a director. NBB
- Johan Verstraete became a director. NBB
- Catheriine Defoor became a director. NBB
In short
From € 29.5 million profit in 2021 to € 17.2 million profit in 2025.
Paid € 13.8 million in corporate taxes since 2021.
Best year ever: 2024, with € 275 million profit.
Paid out € 841.4 million in dividends to the owners in total.
A new publication or filing at PICANOL? We notify you, reason included.
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History
Every financial year, as far back as the National Bank goes.
Buffer
How long does the company survive without income?
Credit limit
Indicative credit limit, computed from the real figures.
Alerts
News about who you follow, reason included.
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Management
The shares are held by Tessenderlo Group nv (100%). It owns 100% of Osterwalder AG, 100% of BURCKLE ET CIE S.A., 100% of PICANOL (SUZHOU) TRADING C0 LTD, 100% of Picanol of America Inc., 100% of Picanol (Suzhou Ind.Park) Textile Machinery Co Ltd and 100% of Picanol de Mexico S.A. de C.V. itself.
Directors
According to the 2025 annual accounts
since 2024 · until 2029
Catheriine Defoor
Director
since 2024 · until 2029
Luc TACK
Managing director
Also active at: Syndicaat van Belgische Textielmachinebouwers, JULES CLARYSSE, MELOTTE +29 more
since 2024 · until 2029
Sandra Hoeylaerts
Director
Also active at: TESSENDERLO CHEMIE INTERNATIONAL, Dyka Plastics, Psicontrol +2 more
since 2024 · until 2029
Shareholders
100%
Participations
Osterwalder AG
100%
BURCKLE ET CIE S.A.
100%
PICANOL (SUZHOU) TRADING C0 LTD
100%
Picanol of America Inc.
100%
Picanol (Suzhou Ind.Park) Textile Machinery Co Ltd
100%
Picanol de Mexico S.A. de C.V.
100%
Picanol India Private ltd
100%
100%
PICANOL do BRASIL
100%
100%
99.9%
PICANOL TEKSTIL MAKINALARI TIC. LTD. STI.
99.8%
PT Picanol Indonesia
99%
Establishments
Establishment units
Physical locations of this company
Steverlyncklaan 15
8900 Ieper
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0405.502.362
- VAT number
- BE 0405.502.362
- Registered office
- Steverlyncklaan 15, 8900 Ieper
- Names & denominations
- PICANOL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 November 1928
- Peppol
- Active · Active since 11 Jun 2026
- Contact
- picanol.be
- Activities · NACE
Vervaardiging van machines voor de productie van textiel, kleding en leer