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 0 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
PICAF from Affligem, company number BE0460933211, closed financial year 2025 with a result of € -865 after tax. For that financial year PICAF recorded revenue of € 2,400 and equity of € 9,611. Compared with financial year 2024, the result moved from € -1,546 to € -865. 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.
€ 9,611
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -865
▲ 44 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -95,744.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,495 | € 2,400 | € 2,400 | € 2,400 | |
| Gross margin | € 2,419 | € 1,663 | € 2,314 | € 2,312 | |
| Profit after taxes | € -1,061 | € -2,453 | € -1,546 | € -865 | ▲ € 681 |
| Equity | € 14,475 | € 12,022 | € 10,476 | € 9,611 | ▼ 8% |
| Total debts | € 20,974 | € 20,675 | € 19,470 | € 17,583 | ▼ 10% |
| Land & buildings | € 35,325 | € 32,573 | € 29,822 | € 27,070 | ▼ 9% |
| Retained profit | € -90,880 | € -93,333 | € -94,879 | € -95,744 | ▼ € 865 |
| Bank debt | € 2 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 35,449 | € 32,697 | € 29,946 | € 27,194 | ▼ 9% |
Key figures of PICAF, 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 PICAF?
What happened at PICAF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 865. Source: NBB ↗
- New establishment in Ternat. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,061 loss in 2022 to € 865 loss in 2025.
Establishments
Establishment units
Physical locations of this company
Ternatsestraat 235
1790 Affligem
Marktplein 35
1740 Ternat
Active since 9 October 1998
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0460.933.211
- VAT number
- BE 0460.933.211
- Registered office
- Ternatsestraat 235, 1790 Affligem
- Names & denominations
- PICAF
- Enterprise type
- Rechtspersoon
- Legal form
- Commanditaire vennootschap op aandelen
- Legal situation
- Normale toestand
- Start date
- 26 June 1997
- Peppol
- Not registered