What is the address of PICASSO?

The registered office of PICASSO is located at Fraterstraat 47, 9820 Merelbeke-Melle.

Is PICASSO still active?

Yes. According to the CBE (30 October 2026) PICASSO is active, legal situation “Normale toestand”, started on 1 August 1989.

Is PICASSO registered on Peppol?

Yes, PICASSO is registered on the Peppol network with ID 0208:0438149592.

What is the enterprise number of PICASSO?

The enterprise number of PICASSO is BE0438149592.

When was PICASSO founded?

PICASSO was founded on 1 August 1989.

Who are the directors of PICASSO?

According to the 2025 annual accounts, the directors of PICASSO are: Katharine Fiers.

Is PICASSO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 August 1989; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did PICASSO make in 2025?

PICASSO posted a profit after taxes of € 2,813 in financial year 2025.

What is the revenue of PICASSO?

As a small company, PICASSO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 2,746.

PICASSO (Private Limited) - Merelbeke-Melle

Q: What does PICASSO do?

PICASSO is registered with the CBE as active in: Administratieve en ondersteunende activiteiten ten behoeve van kantoren. Private Limited, started on 1 August 1989, 1 establishment.

Dossier PICASSO, printed on 30 October 2026 from databakkes.be/en/0438149592/picasso. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 4 of the last 4 fiscal years.
Tight liquidity NBB

Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

PICASSO from Merelbeke-Melle, company number BE0438149592, closed financial year 2025 with a result of € 2,813 after tax. For that financial year PICASSO recorded a gross margin of € 2,746 and equity of € -686,212. Compared with financial year 2024, the result moved from € -1,783 to € 2,813. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 21, 2026.

What it is worth Caution

€ -686,212

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

Profit Growing

€ 2,813

▲ still € 1,783 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 2,057

▲ € 2,033 vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € -711,001.

People and assets in 2025

Full-time equivalents estimate The annual accounts report no full-time equivalents. A micro company with one active director is usually run by that person; this is an assumption, not a figure from the source.

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Vehicles and equipment

€ 1,000

▼ 33% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 400

▼ 58% vs 2024

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

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ -8,463 Gross margin 2022: € -8,463 First fiscal year in the series	€ -12,499 Gross margin 2023: € -12,499 ▼ € 4,036 vs 2022 (€ -8,463) Unfavourable step	€ -1,270 Gross margin 2024: € -1,270 ▲ € 11,229 vs 2023 (€ -12,499) Favourable step	€ 2,746 Gross margin 2025: € 2,746 ▲ € 4,015 vs 2024 (€ -1,270) Favourable step	▲ € 4,015
Profit after taxes	€ -9,632 Profit after taxes 2022: € -9,632 First fiscal year in the series	€ -12,707 Profit after taxes 2023: € -12,707 ▼ € 3,075 vs 2022 (€ -9,632) Unfavourable step	€ -1,783 Profit after taxes 2024: € -1,783 ▲ € 10,924 vs 2023 (€ -12,707) Favourable step	€ 2,813 Profit after taxes 2025: € 2,813 ▲ € 4,596 vs 2024 (€ -1,783) Favourable step	▲ € 4,596
Equity	€ -674,535 Equity 2022: € -674,535 First fiscal year in the series	€ -687,241 Equity 2023: € -687,241 ▼ € 12,707 vs 2022 (€ -674,535) Unfavourable step	€ -689,024 Equity 2024: € -689,024 Unchanged (€ -687,241) Unfavourable step	€ -686,212 Equity 2025: € -686,212 Unchanged (€ -689,024) Favourable step
Total debts	€ 757,873 Total debts 2022: € 757,873 First fiscal year in the series	€ 760,688 Total debts 2023: € 760,688 Unchanged (€ 757,873) Unfavourable step	€ 758,809 Total debts 2024: € 758,809 Unchanged (€ 760,688) Favourable step	€ 753,378 Total debts 2025: € 753,378 ▼ 1% vs 2024 (€ 758,809) Favourable step	▼ 1%
Cash	€ 3,073 Cash 2022: € 3,073 First fiscal year in the series	€ 203 Cash 2023: € 203 ▼ 93% vs 2022 (€ 3,073) Unfavourable step	€ 24 Cash 2024: € 24 ▼ 88% vs 2023 (€ 203) Unfavourable step	€ 2,057 Cash 2025: € 2,057 ▲ € 2,033 vs 2024 (€ 24) Favourable step	▲ € 2,033
Retained profit	€ -699,324 Retained profit 2022: € -699,324 First fiscal year in the series	€ -712,031 Retained profit 2023: € -712,031 ▼ € 12,707 vs 2022 (€ -699,324) Unfavourable step	€ -713,814 Retained profit 2024: € -713,814 Unchanged (€ -712,031) Unfavourable step	€ -711,001 Retained profit 2025: € -711,001 Unchanged (€ -713,814) Favourable step
Bank debt	€ 991 Bank debt 2022: € 991 First fiscal year in the series	€ 0 Bank debt 2023: € 0 ▼ 100% vs 2022 (€ 991) Favourable step	€ 0 Bank debt 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Bank debt 2025: € 0 Unchanged (€ 0) Unchanged
Balance sheet total	€ 83,338 Balance sheet total 2022: € 83,338 First fiscal year in the series	€ 73,446 Balance sheet total 2023: € 73,446 ▼ 12% vs 2022 (€ 83,338) Unchanged	€ 69,784 Balance sheet total 2024: € 69,784 ▼ 5% vs 2023 (€ 73,446) Unchanged	€ 67,166 Balance sheet total 2025: € 67,166 ▼ 4% vs 2024 (€ 69,784) Unchanged	▼ 4%

Key figures of PICASSO, 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 PICASSO?

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

Jan 21, 2026 New annual accounts for financial year 2025: profit of € 2,813. Source: NBB ↗
2005 Katharine Fiers became a director. NBB
Sep 28, 1995 New establishment in Merelbeke-Melle. KBO
Aug 1, 1989 Start of the company according to the CBE. KBO

In short

From € 9,632 loss in 2022 to € 2,813 profit in 2025.

Best year ever: 2025, with € 2,813 profit.

Original PDFs at the National Bank ↗

Management

Katharine Fiers

PICASSO

IMMO FIERS

Behind PICASSO is Katharine Fiers. Katharine Fiers is also behind IMMO FIERS.

Directors

According to the 2025 annual accounts

Katharine Fiers

Director

Also active at: IMMO FIERS

since 2005

Establishments

Establishment units

Physical locations of this company

Registered office

Fraterstraat 47

9820 Merelbeke-Melle

2.045.508.383

Fraterstraat 114

9820 Merelbeke-Melle

Active since 28 September 1995

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

BM GUGA

BM IMMO FIERS

IMMO FIERS same network

€ 195,564 gross margin · 2025

GVDL

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

Details

Company number

0438.149.592

VAT number

BE 0438.149.592

Registered office

Fraterstraat 47, 9820 Merelbeke-Melle

Names & denominations

PICASSO

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

1 August 1989

Peppol

Active · Active since 13 Nov 2025

Activities · NACE

Administratieve en ondersteunende activiteiten ten behoeve van kantoren

Diverse administratieve activiteiten ten behoeve van kantoren

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

Schilderen van gebouwen

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

Overige rechtskundige dienstverlening

Verhuur en exploitatie van terreinen

View on CBE Public ↗ Annual accounts (NBB) ↗

PICASSO

Warning lights

Financials

What happened to PICASSO?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions