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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Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PICART ET BEER from Sint-Pieters-Woluwe, company number BE0422600195, closed financial year 2025 with a result of € 402,404 after tax. For that financial year PICART ET BEER recorded revenue of € 89.1 million and equity of € 6.3 million. Compared with financial year 2024, the result moved from € 619,769 to € 402,404. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 11, 2026.
€ 6.3 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 402,404
▼ 35% vs 2024
Profit after tax over the fiscal year.
€ 2.9 million
▲ 28% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 100,000 paid out
25 % of the profit went to the shareholders, mostly to BEER MANAGEMENT (99 % of the shares). That is where the money ends up.
People and assets in 2025
10
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 704,572
€ 70,500 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.
€ 50,975
▲ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 22.5 million
▼ 24% vs 2024
Loans from banks and other lenders, long and short.
€ 3.8 million
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 16 days on average.
€ 136,335
▲ 13% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 104,645,527 | € 97,378,252 | € 93,171,814 | € 89,069,254 | ▼ 4% |
| Profit after taxes | € 4,144,349 | € 2,446,479 | € 619,769 | € 402,404 | ▼ 35% |
| Equity | € 4,338,090 | € 5,684,570 | € 6,004,339 | € 6,306,743 | ▲ 5% |
| Total debts | € 40,732,987 | € 30,239,736 | € 35,404,404 | € 26,585,819 | ▼ 25% |
| Cash | € 2,509,111 | € 2,213,278 | € 2,291,372 | € 2,927,371 | ▲ 28% |
| Retained profit | € 4,038,090 | € 5,384,570 | € 5,704,339 | € 6,006,743 | ▲ 5% |
| Dividend | € 2,681,252 | € 1,100,000 | € 300,000 | € 100,000 | ▼ 67% |
| Bank debt | € 31,284,448 | € 22,325,033 | € 29,399,716 | € 22,459,061 | ▼ 24% |
| Balance sheet total | € 45,215,578 | € 36,318,806 | € 41,803,243 | € 33,287,062 | ▼ 20% |
| Employees (FTE) | 7 | 9.4 | 9.8 | 10 | ▲ 0.2 |
Key figures of PICART ET BEER, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to PICART ET BEER?
What happened at PICART ET BEER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- TWENTYTWO SA stepped down as director. NBB
- HSB2 SRL stepped down as director. NBB
- MAVIOS SRL stepped down as director. NBB
- BEER MANAGEMENT SA stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 402,404 (▼ 35% vs 2024). Source: NBB ↗
- TWENTYTWO SA became a director. NBB
- HSB2 SRL became a director. NBB
- MAVIOS SRL became a director. NBB
In short
From € 4.1 million profit in 2022 to € 402,404 profit in 2025.
Paid € 2.7 million in corporate taxes since 2022.
Best year ever: 2022, with € 4.1 million profit.
Paid out € 4.2 million in dividends to the owners in total.
Management
The stake of BEER MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PICART ET BEERThe shares are held by BEER MANAGEMENT (99.2%).
Directors
According to the 2025 annual accounts
Director · represented by Simon BEER
since 2022 · until 2028
Director · represented by Hadrien BEER
since 2022 · until 2028
Director · represented by Jean-Julien BEER
since 2022 · until 2028
Managing director · represented by Francis Stéphane BEER
since 2021 · until 2027
Shareholders
99.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Tervurenlaan 365-367
1150 Sint-Pieters-Woluwe
Tervurenlaan 365
1150 Sint-Pieters-Woluwe
Active since 16 April 1982
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
OVH, FR
Domain
Domain
picart-beer.eu
Registrar
Proximedia Belgium SA
Website info
Features
Security
Details
- Company number
- 0422.600.195
- VAT number
- BE 0422.600.195
- Registered office
- Tervurenlaan 365-367, 1150 Sint-Pieters-Woluwe
- Names & denominations
- PICART ET BEER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 April 1982
- Peppol
- Active · Active since 17 Nov 2025
- Activities · NACE
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