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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Busy address KBO
33 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PICPUSSEN from Geel, company number BE0681406588, closed financial year 2025 with a result of € -17,375 after tax. For that financial year PICPUSSEN recorded a gross margin of € -8,495 and equity of € 509,835. Compared with financial year 2024, the result moved from € -26,052 to € -17,375. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 509,835
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -17,375
▲ 33 % less loss than in 2024
Profit after tax over the fiscal year.
€ 40,589
▲ € 37,943 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -151,665.
Debts at end 2025
€ 11.2 million
▲ 5% vs 2024
Loans from banks and other lenders, long and short.
€ 33,215
▲ 300% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -6,536 | € -8,680 | € -10,713 | € -8,495 | ▲ € 2,219 |
| Profit after taxes | € -23,447 | € -13,315 | € -26,052 | € -17,375 | ▲ € 8,677 |
| Equity | € 566,576 | € 553,261 | € 527,209 | € 509,835 | ▼ 3% |
| Total debts | € 9,388,586 | € 10,270,745 | € 10,765,554 | € 11,281,851 | ▲ 5% |
| Cash | € 3,130 | € 2,217 | € 2,646 | € 40,589 | ▲ € 37,943 |
| Retained profit | € -94,924 | € -108,239 | € -134,291 | € -151,665 | ▼ € 17,375 |
| Bank debt | € 8,201,384 | € 8,494,866 | € 10,755,032 | € 11,247,529 | ▲ 5% |
| Balance sheet total | € 9,955,162 | € 10,824,006 | € 11,292,763 | € 11,791,685 | ▲ 4% |
Key figures of PICPUSSEN, 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 PICPUSSEN?
What happened at PICPUSSEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- P.M.V. NV stepped down as director. NBB
- Bertrand Van Regemortel stepped down as director. NBB
- Borghof Invest NV stepped down as director. NBB
- Konrad Invest BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 17,375. Source: NBB ↗
- P.M.V. NV became a director. NBB
- Bertrand Van Regemortel became a director. NBB
- Borghof Invest NV became a director. NBB
In short
From € 23,447 loss in 2022 to € 17,375 loss in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Borghof Invest, Participatiemaatschappij Vlaanderen comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PICPUSSENThe shares are held by Borghof Invest (60%) and Participatiemaatschappij Vlaanderen (40%). It owns 100% of Picpussen WZC itself.
Directors
According to the 2025 annual accounts
Director · represented by Erwin Vrijens
Also active at: VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK, Arts Gebroeders immobilière, BEDRIJVENCENTRUM VILVOORDE, BIOTECH FONDS VLAANDEREN, MAISON DE LA RADIO FLAGEY, HERTECANT FLANGES, Site-Ontwikkeling Vlaanderen, SUSTAINABLE ENERGY VENTURES +136 more
since 2023 · until 2029
Bertrand Van Regemortel
Director
Also active at: PANQUIN LAND, PANQUIN CONSTRUCT, HOF van LORREINEN, Hexagon Invest, HEXAGON INVEST II, PANDENFONDS, Picpussen WZC
since 2023 · until 2029
Managing director · represented by Patrick Kerkhofs
Also active at: PICPUSSEN-SCHOOL, CONSORTIUM HASSELT, BORGHOF MANAGER, DE 11e LINIE, MaraVilla Development, Picpussen WZC, HOEBANX STUDENTHOUSING
since 2023 · until 2029
Managing director · represented by Patrick Syen
Also active at: GROEP PANORAMA APOTHEKEN, PRO PLAZA INVEST, Borghof Invest, PICPUSSEN-SCHOOL, CONSORTIUM HASSELT, BORGHOF MANAGER, DE 11e LINIE, MaraVilla Development +4 more
since 2023 · until 2029
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Winkelom 83B box 1
2440 Geel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 33 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0681.406.588
- VAT number
- BE 0681.406.588
- Registered office
- Winkelom 83B bus 1, 2440 Geel
- Names & denominations
- PICPUSSEN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 September 2017
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
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