PICAVET
0401.038.481 · rovalta.com · 23/09/2026
ACTIVE
PICAVET
Financial year 2025 · closed on 30/09/2025
Net result
914 k €
-69.2% YoY
Gross margin
2,3 M €
-55.3% YoY
Equity
6,9 M €
+9.2% YoY
Workforce
4,4 ETP
+83.3% YoY
Overview
What does PICAVET do?
PICAVET is a Private limited company incorporated in 1949. Its main activity is: Growing of fibre crops. Its registered office is in Zulte. It employs on average 4,4 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0401.038.481
Incorporation
11/06/1949
Legal form
Private limited company
Registered office
Rotsstraat 11
9870 Zulte · FlandreSee on map
9870 Zulte · FlandreSee on map
Contributed capital
25 000,00 €
Latest accounts
30/09/2025
Average workforce
4,4 ETP
Activities (NACE)
Joint committees (4)
- 12002
- 12003
- 14402
- 20014
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 2,3 M € | -55.3% | 5,2 M € | +219% | 1,6 M € | +51.8% | 1,1 M € | -32.3% | 1,6 M € | +66.8% | 956,4 k € | +21.5% | 786,9 k € | -22.2% | 1 M € | +112% | 477,6 k € | -13.0% | 549,1 k € | +33.4% | 411,7 k € | +12.7% | 365,2 k € | +9.6% | 333,3 k € | -8.4% | 363,7 k € | +61.7% | 225 k € | -11.3% | 253,6 k € | -29.3% | 358,6 k € | +64.1% | 218,5 k € |
| EBITDA | 2 M € | -57.5% | 4,8 M € | +232% | 1,4 M € | +62.8% | 890,1 k € | -35.9% | 1,4 M € | +70.9% | 812 k € | +21.1% | 670,4 k € | -27.1% | 919,3 k € | +129% | 402,1 k € | -13.1% | 462,6 k € | +49.1% | 310,3 k € | +18.6% | 261,7 k € | +7.4% | 243,7 k € | -5.2% | 257 k € | +108% | 123,6 k € | -18.5% | 151,5 k € | -40.3% | 253,7 k € | +104% | 124,1 k € |
| Operating result | 1,2 M € | -67.5% | 3,8 M € | +280% | 990,8 k € | +145% | 404,1 k € | -23.3% | 526,6 k € | +229% | 159,8 k € | +156% | 62,5 k € | -75.0% | 249,9 k € | +439% | -73,8 k € | -184% | 88 k € | +424% | -27,2 k € | +36.6% | -42,9 k € | +24.4% | -56,7 k € | -272% | 33 k € | +243% | -23,1 k € | +57.2% | -53,9 k € | -524% | -8,6 k € | +89.1% | -79,3 k € |
| Net result | 914 k € | -69.2% | 3 M € | +305% | 731,7 k € | +155% | 287,2 k € | -26.9% | 392,6 k € | +211% | 126,4 k € | +269% | 34,3 k € | -79.4% | 166,3 k € | +75.9% | 94,6 k € | +49.4% | 63,3 k € | +80.4% | 35,1 k € | +60.5% | 21,8 k € | -66.8% | 65,9 k € | -21.4% | 83,8 k € | +642% | 11,3 k € | -77.5% | 50,3 k € | -11.6% | 56,9 k € | -5.5% | 60,2 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 6,9 M € | +9.2% | 6,3 M € | +74.9% | 3,6 M € | +19.9% | 3 M € | +47.8% | 2 M € | +22.0% | 1,7 M € | +3.8% | 1,6 M € | +2.2% | 1,6 M € | +11.7% | 1,4 M € | +7.2% | 1,3 M € | +13.1% | 1,2 M € | -5.3% | 1,2 M € | +1.9% | 1,2 M € | +5.8% | 1,1 M € | +7.9% | 1,1 M € | +1.1% | 1 M € | +5.0% | 998,1 k € | +5.8% | 943,2 k € |
| Total assets | 7,9 M € | +9.6% | 7,2 M € | +87.2% | 3,8 M € | +16.7% | 3,3 M € | +23.0% | 2,7 M € | +14.2% | 2,3 M € | +1.3% | 2,3 M € | -6.7% | 2,5 M € | +11.8% | 2,2 M € | +7.0% | 2,1 M € | +27.2% | 1,6 M € | +9.3% | 1,5 M € | -6.8% | 1,6 M € | +15.2% | 1,4 M € | +21.1% | 1,1 M € | +0.5% | 1,1 M € | -10.8% | 1,3 M € | +8.3% | 1,2 M € |
| Cash | 1,2 M € | +112% | 570,5 k € | +38.5% | 411,9 k € | -60.6% | 1 M € | +530% | 165,9 k € | -56.0% | 376,8 k € | -0.3% | 377,8 k € | +35.7% | 278,4 k € | -47.3% | 528,6 k € | -22.9% | 685,8 k € | +106% | 332,5 k € | -16.4% | 397,8 k € | -18.2% | 486,2 k € | +15.1% | 422,6 k € | +75.1% | 241,3 k € | +84.7% | 130,6 k € | +319% | 31,2 k € | -16.3% | 37,3 k € |
| Debts | 814,2 k € | +15.9% | 702,3 k € | +341% | 159,1 k € | -21.3% | 202,2 k € | -62.1% | 533,7 k € | -14.1% | 621,5 k € | -1.8% | 632,7 k € | -23.8% | 830 k € | +10.7% | 749,6 k € | +4.3% | 718,8 k € | +65.9% | 433,4 k € | +85.4% | 233,7 k € | -35.5% | 362,5 k € | +54.2% | 235,1 k € | +215% | 74,7 k € | -3.8% | 77,7 k € | -70.4% | 262,2 k € | +21.1% | 216,4 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | 4,4 ETP | +83.3% | 2,4 ETP | -41.5% | 4,1 ETP | -10.9% | 4,6 ETP | -2.1% | 4,7 ETP | +46.9% | 3,2 ETP | +14.3% | 2,8 ETP | +33.3% | 2,1 ETP | +10.5% | 1,9 ETP | 0.0% | 1,9 ETP | -34.5% | 2,9 ETP | 0.0% | 2,9 ETP | -6.5% | 3,1 ETP | -3.1% | 3,2 ETP | +3.2% | 3,1 ETP | 0.0% | 3,1 ETP | +3.3% | 3,0 ETP | -3.2% | 3,1 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2025 · 2 active · 11 ended
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/10/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 | 01/01/2019 |
| Closing of the financial year | 30/09/2025 | 30/09/2024 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 |
| Length of the financial year | 12 months | 21 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 27/04/2026 | 25/04/2025 | 20/07/2023 | 01/07/2022 | 30/06/2021 | 24/06/2020 |
| General meeting | 15/12/2025 | 29/03/2025 | 19/06/2023 | 04/06/2022 | 30/05/2021 | 30/05/2020 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 30/09/2025 | 15/12/2025 | 27/04/2026 | Dutch | |
| Abridged model | 30/09/2024 | 29/03/2025 | 25/04/2025 | Dutch | |
| Abridged model | 31/12/2022 | 19/06/2023 | 20/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 04/06/2022 | 01/07/2022 | Dutch | |
| Abridged model | 31/12/2020 | 30/05/2021 | 30/06/2021 | Dutch | |
| Abridged model | 31/12/2019 | 30/05/2020 | 24/06/2020 | Dutch | |
| Abridged model | 31/12/2018 | 11/05/2019 | 04/06/2019 | Dutch | |
| Abridged model | 31/12/2017 | 30/06/2018 | 19/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 20/05/2017 | 15/06/2017 | Dutch | |
| Abridged model | 31/12/2015 | 04/06/2016 | 01/07/2016 | Dutch | |
| Abridged model | 31/12/2014 | 30/06/2015 | 30/07/2015 | Dutch | |
| Abridged model | 31/12/2013 | 30/06/2014 | 25/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 18/05/2013 | 12/06/2013 | Dutch | |
| Abridged model | 31/12/2011 | 12/05/2012 | 01/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 30/06/2011 | 24/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 19/06/2010 | 07/07/2010 | Dutch | |
| Abridged model | 31/12/2008 | 30/06/2009 | 09/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 10/05/2008 | 04/06/2008 | Dutch | |
| Abridged model | 31/12/2006 | 09/06/2007 | 26/06/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 10 M€ and 25 M€
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/09/2025 · 2 active · 11 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates10/06/2024ONTSLAGEN - BENOEMINGEN
- Mandates13/12/2023STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
- Capital / shares15/03/2018KAPITAAL - AANDELEN
- Capital / shares12/03/2014BENAMING - DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates24/05/2011ONTSLAGEN - BENOEMINGEN
- Mandates04/02/2005ONTSLAGEN - BENOEMINGEN
- Other26/02/2004STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025914 k €↓
- 2024Annual accounts 20243 M €↑
- 2022Annual accounts 2022731,7 k €↑
- 2021Annual accounts 2021287,2 k €↓
- 2019Annual accounts 2019392,6 k €↑
- 2018Annual accounts 2018126,4 k €↑
- 2017Annual accounts 201734,3 k €↓
- 2016Annual accounts 2016166,3 k €↑
- 2015Annual accounts 201594,6 k €↑
- 2014Annual accounts 201463,3 k €↑
- 2013Annual accounts 201335,1 k €↑
- 2012Annual accounts 201221,8 k €↓
- 2011Annual accounts 201165,9 k €↓
- 2010Annual accounts 201083,8 k €↑
- 2009Annual accounts 200911,3 k €↓
- 2008Annual accounts 200850,3 k €↓
- 2007Annual accounts 200756,9 k €↓
- 2006Annual accounts 200660,2 k €
- 11/06/1949IncorporationPrivate limited company