Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PICABO from Gent, company number BE0460213431, closed financial year 2025 with a result of € -12,473 after tax. For that financial year PICABO recorded a gross margin of € 43,914 and equity of € 166,467. Compared with financial year 2024, the result moved from € -12,365 to € -12,473. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 27, 2026.
€ 166,467
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12,473
▼ 1 % more loss than in 2024
Profit after tax over the fiscal year.
€ 14,388
▼ 68% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 104,467.
People and assets in 2025
€ 21,914
▼ 27% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 9,659
▲ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 34,057
▼ 23% vs 2024
€ 10,314 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 15,787
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,266
▼ 24% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 38,441 | € 51,645 | € 59,208 | € 43,914 | ▼ 26% |
| Profit after taxes | € -17,349 | € -8,484 | € -12,365 | € -12,473 | ▼ € 108 |
| Equity | € 199,789 | € 191,305 | € 178,940 | € 166,467 | ▼ 7% |
| Total debts | € 436,318 | € 363,879 | € 358,913 | € 310,758 | ▼ 13% |
| Cash | € 73,071 | € 34,419 | € 45,552 | € 14,388 | ▼ 68% |
| Land & buildings | € 471,549 | € 447,461 | € 423,373 | € 399,285 | ▼ 6% |
| Retained profit | € 137,789 | € 129,305 | € 116,940 | € 104,467 | ▼ 11% |
| Bank debt | € 64,140 | € 54,253 | € 44,226 | € 34,057 | ▼ 23% |
| Balance sheet total | € 636,107 | € 555,184 | € 537,853 | € 477,225 | ▼ 11% |
Key figures of PICABO, 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 April 2027.
What happened to PICABO?
What happened at PICABO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 12,473. Source: NBB ↗
- New establishment in Gent. KBO
- VALERIE VAN DER BRACHT became a director. NBB
- ERIC VAN DER BRACHT became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 17,349 loss in 2022 to € 12,473 loss in 2025.
Paid € 3,757 in corporate taxes since 2022.
Management
Behind PICABO are VALERIE VAN DER BRACHT and ERIC VAN DER BRACHT.
Directors
According to the 2025 annual accounts
VALERIE VAN DER BRACHT
Managing director
since 2023
ERIC VAN DER BRACHT
Managing director
since 2023
Establishments
Establishment units
Physical locations of this company
Sint-Joriskaai 1
9000 Gent
Nieuwbrugkaai 99
9000 Gent
Active since 1 July 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0460.213.431
- VAT number
- BE 0460.213.431
- Registered office
- Sint-Joriskaai 1, 9000 Gent
- Names & denominations
- PICABO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 March 1997
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
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Kinesitherapeuten (fysiotherapeuten)
Eetgelegenheden met volledige bediening
Ambulante revalidatieactiviteiten
Overige detailhandel in voedingsmiddelen, neg
Detailhandel in bloemen, planten, zaden en kunstmeststoffen
Vervaardiging van medische en tandheelkundige instrumenten en benodigdheden
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