Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 15.9 to 14.2.
Financials
Financial year 2025
PEDICO from Turnhout, company number BE0416390811, closed financial year 2025 with a result of € -95,734 after tax. For that financial year PEDICO recorded a gross margin of € 985,891 and equity of € 2 million. Compared with financial year 2024, the result moved from € -162,175 to € -95,734. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 2 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -95,734
▲ 41 % less loss than in 2024
Profit after tax over the fiscal year.
€ 251,482
▼ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.5 million.
People and assets in 2025
14.2
▼ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 901,640
▲ 1% vs 2024
€ 63,500 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.
Debts at end 2025
€ 2 million
▼ 17% vs 2024
€ 249,989 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 226,750
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 196,516
▼ 10% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,088,644 | € 1,050,741 | € 916,958 | € 985,891 | ▲ 8% |
| Profit after taxes | € 173,763 | € 616 | € -162,175 | € -95,734 | ▲ € 66,441 |
| Equity | € 2,248,497 | € 2,249,114 | € 2,086,939 | € 1,991,204 | ▼ 5% |
| Total debts | € 3,170,823 | € 2,893,160 | € 2,991,904 | € 2,587,930 | ▼ 14% |
| Cash | € 789,432 | € 241,115 | € 352,161 | € 251,482 | ▼ 29% |
| Land & buildings | € 3,585,542 | € 3,370,544 | € 3,169,966 | € 2,981,621 | ▼ 6% |
| Retained profit | € 1,732,577 | € 1,733,193 | € 1,571,018 | € 1,475,284 | ▼ 6% |
| Bank debt | € 2,597,304 | € 2,427,315 | € 2,412,326 | € 2,002,336 | ▼ 17% |
| Balance sheet total | € 5,419,321 | € 5,142,274 | € 5,078,843 | € 4,579,134 | ▼ 10% |
| Employees (FTE) | 16 | 15.9 | 14.9 | 14.2 | ▼ 0.7 |
Key figures of PEDICO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to PEDICO?
What happened at PEDICO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Line Mertens stepped down as director. NBB
- AMI BV stepped down as director. NBB
- Dorien Mertens stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 95,734. Source: NBB ↗
- Line Mertens became a director. NBB
- AMI BV became a director. NBB
- Dorien Mertens became a director. NBB
- New establishment in Geel. KBO
In short
From € 173,763 profit in 2022 to € 95,734 loss in 2025.
Paid € 5,147 in corporate taxes since 2022.
Best year ever: 2022, with € 173,763 profit.
On average € 69,400 of value added per employee in 2025.
Management
The stake of AMI comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PEDICOThe shares are held by AMI (99.9%).
Directors
According to the 2025 annual accounts
Line Mertens
Director
since 2023 · until 2029
Managing director · represented by Yves MERTENS
since 2023 · until 2029
Dorien Mertens
Director
since 2023 · until 2029
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Pater Van Mierlostraat 17
2300 Turnhout
Diestsestraat(S) 195
3270 Scherpenheuvel-Zichem
Active since 1 March 1977
Nieuwstraat 27
2440 Geel
Active since 1 February 1993
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0416.390.811
- VAT number
- BE 0416.390.811
- Registered office
- Pater Van Mierlostraat 17, 2300 Turnhout
- Names & denominations
- PEDICO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 September 1976
- Peppol
- Active · Active since 18 Nov 2025
- Contact
- pedico.be [email protected] 014 41 20 32
- Activities · NACE
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