ACTIVE

PICARD

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Financial year 2025 · closed on 30/06/2025

Net result

-97,5 k €

-152.9% YoY

Revenue

41,6 M €

+149.2% YoY

Equity

3,2 M €

-2.9% YoY

Workforce

68,1 ETP

+208.1% YoY

What does PICARD do?

PICARD is a Public limited company incorporated in 1968. Its registered office is in Bastogne. It employs on average 68,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0404.364.789

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Rue de Marche 139
6600 Bastogne · WallonieSee on map

Contributed capital

1 666 000,00 €

Latest accounts

30/06/2025

Average workforce

68,1 ETP

Joint committees (3)

Signals

Positive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	41,6 M €	+149%	16,7 M €	-28.4%	23,3 M €	-8.2%	25,4 M €	-10.4%	28,3 M €	-6.4%	30,3 M €	-13.8%	35,1 M €	-3.3%	36,3 M €	+12.2%	32,3 M €	+12.6%	28,7 M €	+3.8%	27,7 M €	+9.6%	25,3 M €	-14.6%	29,6 M €	-11.4%	33,4 M €	-17.6%	40,5 M €	+14.5%	35,4 M €	-1.0%	35,7 M €	-3.4%	37 M €	+7.7%	34,3 M €
EBITDA	1,2 M €	+98.8%	589,3 k €	+32.1%	446,1 k €	-36.1%	698,4 k €	+64.1%	425,6 k €	-48.0%	819 k €	-14.2%	954,6 k €	+3.6%	921,3 k €	+7.5%	857,4 k €	+236%	255,2 k €	-57.6%	602,4 k €	+68.4%	357,7 k €	-3.7%	371,5 k €	+806%	41 k €	-94.9%	808,7 k €	+132%	348,6 k €	-38.6%	568 k €	-21.1%	720,1 k €	+2.5%	702,9 k €
Operating result	425,5 k €	-6.6%	455,5 k €	+23.1%	370,1 k €	+2.8%	360,1 k €	+672%	46,7 k €	-91.2%	531,6 k €	+6.5%	499 k €	-23.1%	648,5 k €	+11.8%	580,3 k €	+441%	107,3 k €	-65.7%	312,9 k €	+21.5%	257,6 k €	+8.9%	236,6 k €	+466%	41,8 k €	-85.4%	287,1 k €	+246%	83 k €	-79.7%	408,3 k €	-22.2%	525 k €	+22.8%	427,5 k €
Net result	-97,5 k €	-153%	184,4 k €	+25.1%	147,4 k €	-10.8%	165,3 k €	+318%	-75,8 k €	-126%	292 k €	+23.9%	235,7 k €	-15.7%	279,8 k €	-22.0%	358,7 k €	+514%	-86,6 k €	-166%	131 k €	+136%	55,5 k €	+72.0%	32,3 k €	+111%	-287,8 k €	-2700%	11,1 k €	+111%	-100,1 k €	-476%	26,6 k €	-82.2%	149,8 k €	+225%	46,1 k €
Balance sheet
Equity	3,2 M €	-2.9%	3,3 M €	+5.9%	3,1 M €	+5.0%	3 M €	+5.9%	2,8 M €	-2.6%	2,9 M €	+11.2%	2,6 M €	+10.0%	2,4 M €	-0.3%	2,4 M €	+17.9%	2 M €	-4.1%	2,1 M €	+4.9%	2 M €	+2.9%	1,9 M €	+1.7%	1,9 M €	-12.6%	2,2 M €	+0.5%	2,2 M €	-4.4%	2,3 M €	+1.2%	2,2 M €	+7.1%	2,1 M €
Total assets	16,9 M €	+41.6%	11,9 M €	-16.5%	14,3 M €	+9.0%	13,1 M €	-30.1%	18,7 M €	+4.2%	18 M €	-18.6%	22,1 M €	-6.9%	23,7 M €	+36.2%	17,4 M €	+22.8%	14,2 M €	+0.2%	14,2 M €	+24.9%	11,3 M €	-4.2%	11,8 M €	-3.2%	12,2 M €	-12.5%	14 M €	+1.5%	13,8 M €	-4.0%	14,4 M €	+5.2%	13,6 M €	-11.2%	15,4 M €
Cash	144,3 k €	+8840%	1,6 k €	-99.4%	280,4 k €	+82.2%	153,9 k €	+3.2%	149,1 k €	+27.3%	117,1 k €	-52.9%	248,9 k €	+16.1%	214,3 k €	+62.8%	131,6 k €	+98.6%	66,3 k €	+59.3%	41,6 k €	+14.6%	36,3 k €	-31.3%	52,9 k €	-5.4%	55,9 k €	-40.9%	94,6 k €	+3.3%	91,6 k €	+82.6%	50,2 k €	-5.6%	53,1 k €	+17.8%	45,1 k €
Debts	13,6 M €	+57.8%	8,6 M €	-22.5%	11,1 M €	+10.2%	10,1 M €	-36.5%	15,9 M €	+5.5%	15 M €	-22.8%	19,5 M €	-8.6%	21,3 M €	+42.1%	15 M €	+23.8%	12,1 M €	+0.9%	12 M €	+28.9%	9,3 M €	-5.6%	9,9 M €	-4.0%	10,3 M €	-12.6%	11,8 M €	+1.6%	11,6 M €	-3.9%	12,1 M €	+6.4%	11,3 M €	-14.1%	13,2 M €
Other
Workforce	68,1 ETP	+208%	22,1 ETP	-4.7%	23,2 ETP	+4.0%	22,3 ETP	-7.1%	24,0 ETP	-4.0%	25,0 ETP	-3.8%	26,0 ETP	+4.8%	24,8 ETP	-5.3%	26,2 ETP	-5.8%	27,8 ETP	-1.4%	28,2 ETP	-7.5%	30,5 ETP	-4.7%	32,0 ETP	-1.5%	32,5 ETP	-3.6%	33,7 ETP	+0.3%	33,6 ETP	0.0%	33,6 ETP	+3.7%	32,4 ETP	+20.9%	26,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 16 ended

Active mandates

Alain PICARD

Managing director

Active

Bernard PICARD

Managing director

Active

Daniel PICARD

Managing director

Active

Ended mandates

Alain PICARD

Managing director · since 03 juin 2016 · until 10 décembre 2022

Ended

Bernard PICARD

Managing director · since 03 juin 2016 · until 10 décembre 2022

Ended

Daniel PICARD

Managing director · since 03 juin 2016 · until 10 décembre 2022

Ended

Michel PICARD

Managing director · since 03 juin 2016 · until 10 décembre 2022

Ended

At this address

Other companies at this address

Company	CBE no.
PICARD ANDRE & FILS● Active	0594.464.401

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/01/2026	30/01/2025	30/01/2024	31/01/2023	01/03/2022	22/04/2021
General meeting	16/01/2026	02/01/2025	20/01/2024	24/01/2023	09/02/2022	05/03/2021
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

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	16/01/2026	29/01/2026	French	PDF
Full model	30/06/2024	02/01/2025	30/01/2025	French	PDF
Full model	30/06/2023	20/01/2024	30/01/2024	French	PDF
Full model	30/06/2022	24/01/2023	31/01/2023	French	PDF
Full model	30/06/2021	09/02/2022	01/03/2022	French	PDF
Full model	30/06/2020	05/03/2021	22/04/2021	French	PDF
Full model	30/06/2019	08/02/2020	13/05/2020	French	PDF
Full model	30/06/2018	25/01/2019	28/01/2019	French	PDF
Full model	30/06/2017	09/12/2017	11/12/2017	French	PDF
Full model	30/06/2016	20/02/2017	22/02/2017	French	PDF
Full model	30/06/2015	02/04/2016	06/07/2016	French	PDF
Full modelCorrection	30/06/2014	06/12/2014	25/08/2015	French	PDF
Full model	30/06/2014	06/12/2014	30/12/2014	French	PDF
Full model	30/06/2013	04/04/2014	14/04/2014	French	PDF
Full model	30/06/2012	03/05/2013	02/07/2013	French	PDF
Full model	30/06/2011	31/07/2012	03/08/2012	French	PDF
Full model	30/06/2010	29/08/2011	14/09/2011	French	PDF
Full model	30/06/2009	23/12/2010	24/03/2011	French	PDF
Full model	30/06/2008	10/02/2009	03/03/2009	French	PDF
Full model	30/06/2007	17/01/2008	05/03/2008	French	PDF
Full model	30/06/2006	31/01/2007	28/02/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 16 ended

Active mandates

Alain PICARD

Managing director

Active

Bernard PICARD

Managing director

Active

Daniel PICARD

Managing director

Active

Ended mandates

Alain PICARD

Managing director · since 03 juin 2016 · until 10 décembre 2022

Ended

Bernard PICARD

Managing director · since 03 juin 2016 · until 10 décembre 2022

Ended

Daniel PICARD

Managing director · since 03 juin 2016 · until 10 décembre 2022

Ended

Michel PICARD

Managing director · since 03 juin 2016 · until 10 décembre 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/06/2026
DEMISSIONS, NOMINATIONS
PDF
Registered office05/08/2025
SIEGE SOCIAL
PDF
Restructuring15/07/2025
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring06/02/2025
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates27/11/2024
DEMISSIONS, NOMINATIONS
PDF
Restructuring03/10/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring04/07/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
PDF
Other14/11/2022
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-97,5 k €↓
2024
Annual accounts 2024184,4 k €↑
2023
Annual accounts 2023147,4 k €↓
2022
Annual accounts 2022165,3 k €↑
2021
Annual accounts 2021-75,8 k €↓
2020
Annual accounts 2020292 k €↑
2019
Annual accounts 2019235,7 k €↓
2018
Annual accounts 2018279,8 k €↓
2017
Annual accounts 2017358,7 k €↑
2016
Annual accounts 2016-86,6 k €↓
2015
Annual accounts 2015131 k €↑
2014
Annual accounts 201455,5 k €↑
2013
Annual accounts 201332,3 k €↑
2012
Annual accounts 2012-287,8 k €↓
2011
Annual accounts 201111,1 k €↑
2010
Annual accounts 2010-100,1 k €↓
2009
Annual accounts 200926,6 k €↓
2008
Annual accounts 2008149,8 k €↑
2007
Annual accounts 200746,1 k €
01/01/1968
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PICARD

Overview

What does PICARD do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline