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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
PICA - TORHOUT from Torhout, company number BE0445948590, closed financial year 2026 with a result of € -33,952 after tax. For that financial year PICA - TORHOUT recorded a gross margin of € -440 and equity of € -134,679. Compared with financial year 2025, the result moved from € -64,233 to € -33,952. The company made a loss. 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 October 26, 2026.
€ -134,679
▼ € 33,952 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -33,952
▲ 47 % less loss than in 2025
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -196,679.
People and assets in 2026
€ 1,445
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 825,430
Loans from banks and other lenders, long and short.
€ 18,770
▲ 5% vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 7,694 | € -27,618 | € -5,834 | € -440 | ▲ € 5,394 |
| Profit after taxes | € -76,217 | € -133,448 | € -64,233 | € -33,952 | ▲ € 30,281 |
| Equity | € 96,954 | € -36,494 | € -100,727 | € -134,679 | ▼ € 33,952 |
| Total debts | € 923,607 | € 868,809 | € 895,073 | € 895,800 | |
| Land & buildings | € 876,421 | € 834,187 | € 792,865 | € 756,243 | ▼ 5% |
| Retained profit | € 34,954 | € -98,494 | € -162,727 | € -196,679 | ▼ € 33,952 |
| Bank debt | € 751,499 | € 818,195 | € 825,430 | € 825,430 | |
| Balance sheet total | € 1,036,754 | € 843,111 | € 799,744 | € 761,121 | ▼ 5% |
Key figures of PICA - TORHOUT, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to PICA - TORHOUT?
What happened at PICA - TORHOUT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 33,952. Source: NBB ↗
- Antony Vuylsteke became a director. NBB
- Stefanie Van Den Heuvel became a director. NBB
- New establishment in Torhout. KBO
- Start of the company according to the CBE. KBO
In short
From € 76,217 loss in 2023 to € 33,952 loss in 2026.
Management
Behind PICA - TORHOUT are Antony Vuylsteke and Stefanie Van Den Heuvel. Stefanie Van Den Heuvel is also behind THE SISTERS FACTORY and STEFIMMO.
Directors
According to the 2026 annual accounts
Antony Vuylsteke
Director
since 2023
since 2023
Establishments
Establishment units
Physical locations of this company
Oostendestraat 343
8820 Torhout
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
Self-hosted
Hosting
AMAZON-02 - Amazon.com, Inc., US
Domain
Domain
gravenhof.com
Registered
2024-04-01
Registrar
GoDaddy.com, LLC
Expires
2026-04-01
Website info
Features
Security
Network
Details
- Company number
- 0445.948.590
- VAT number
- BE 0445.948.590
- Registered office
- Oostendestraat 343, 8820 Torhout
- Names & denominations
- PICA - TORHOUT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 1991
- Peppol
- Active · Active since 17 Mar 2026
- Contact
- gravenhof.com [email protected] 050212314
- Activities · NACE
Hotels en dergelijke accommodatie
Hotels en motels, met restaurant