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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Tight liquidity NBB
Cash and receivables cover 56 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Picopa from Kruisem, company number BE0681761827, closed financial year 2025 with a result of € 199,958 after tax. For that financial year Picopa recorded a gross margin of € 348,303 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 64,555 to € 199,958. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 27, 2026.
€ 1.4 million
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 199,958
▲ 210% vs 2024
Profit after tax over the fiscal year.
€ 69,992
▲ € 62,041 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 674,734.
Debts at end 2025
€ 234,952
▼ 7% vs 2024
€ 17,230 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 2,232
▼ 62% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,376
▼ 7% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 111,980 | € 460,054 | € 131,233 | € 348,303 | ▲ 165% |
| Profit after taxes | € 57,231 | € 324,094 | € 64,555 | € 199,958 | ▲ 210% |
| Equity | € 104,726 | € 428,820 | € 1,243,375 | € 1,443,334 | ▲ 16% |
| Total debts | € 455,522 | € 331,723 | € 278,715 | € 865,668 | ▲ 211% |
| Cash | € 87,513 | € 36,219 | € 7,951 | € 69,992 | ▲ € 62,041 |
| Land & buildings | € 462,235 | € 442,058 | € 1,157,334 | € 1,107,157 | ▼ 4% |
| Retained profit | € 86,126 | € 410,220 | € 474,775 | € 674,734 | ▲ 42% |
| Bank debt | € 376,673 | € 298,193 | € 251,773 | € 234,952 | ▼ 7% |
| Balance sheet total | € 560,248 | € 760,543 | € 1,522,090 | € 2,309,002 | ▲ 52% |
Key figures of Picopa, 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 Picopa?
What happened at Picopa in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 199,958 (▲ 210% vs 2024). Source: NBB ↗
- New establishment in Kruisem. KBO
- Start of the company according to the CBE. KBO
In short
From € 57,231 profit in 2022 to € 199,958 profit in 2025.
Paid € 235,823 in corporate taxes since 2022.
Best year ever: 2023, with € 324,094 profit.
Management
Behind Picopa is Pieter Petereyns. Pieter Petereyns is also behind EAM Invest and Petereyns Oude Metalen.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Molendamstraat 10
9750 Kruisem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0681.761.827
- VAT number
- BE 0681.761.827
- Registered office
- Molendamstraat 10, 9750 Kruisem
- Names & denominations
- Picopa
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 September 2017
- Peppol
- Active · Active since 6 Mar 2025
- Activities · NACE
Handel in eigen onroerend goed
Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed, exclusief sociale woningen