ACTIVE

PICANOL

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Financial year 2025 · closed on 31/12/2025

Net result

17,2 M €

-93.7% YoY

Revenue

300,9 M €

+10.5% YoY

Equity

148,8 M €

+13.1% YoY

Workforce

620,7 ETP

-7.1% YoY

What does PICANOL do?

PICANOL is a Public limited company incorporated in 1928. Its main activity is: Manufacture of machinery for textile, apparel and leather production. Its registered office is in Ieper. It employs on average 620,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0405.502.362

Incorporation

22/11/1928

Legal form

Public limited company

Registered office

Steverlyncklaan 15
8900 Ieper · FlandreSee on map

Contributed capital

45 921 672,50 €

Latest accounts

31/12/2025

Average workforce

620,7 ETP

Activities (NACE)

28940Manufacture of machinery for textile, apparel and leather production· main 28940Manufacture of machinery for textile, apparel and leather production 29540Manufacture of motor vehicles, trailers and semi-trailers

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	300,9 M €	+10.5%	272,3 M €	-31.9%	399,7 M €	-26.6%	544,5 M €	+15.3%	472,3 M €	+57.3%	300,3 M €	-11.8%	340,5 M €	-34.4%	519,4 M €	-1.4%	526,9 M €	+3.3%	510,1 M €	+24.5%	409,8 M €	+34.1%	305,6 M €	-29.2%	431,9 M €	+31.1%	329,5 M €	-5.6%	348,9 M €	+32.1%	264,1 M €	+55.2%	170,2 M €	-9.6%	188,3 M €
EBITDA	14,6 M €	+2130%	656,5 k €	-94.8%	12,6 M €	+425%	-3,9 M €	-115%	26 M €	+76.4%	14,7 M €	-47.0%	27,8 M €	-63.4%	75,8 M €	-12.1%	86,3 M €	-3.4%	89,3 M €	+45.8%	61,3 M €	+30.6%	46,9 M €	-36.6%	73,9 M €	+53.3%	48,2 M €	+2.4%	47,1 M €	+79.8%	26,2 M €	+232%	-19,8 M €	-32.3%	-15 M €
Operating result	10 M €	+729%	-1,6 M €	-114%	11 M €	+267%	-6,6 M €	-127%	24,4 M €	+95.7%	12,4 M €	-39.6%	20,6 M €	-71.5%	72,3 M €	-13.4%	83,5 M €	-4.7%	87,6 M €	+47.2%	59,5 M €	+40.1%	42,5 M €	-42.2%	73,4 M €	+55.5%	47,2 M €	+7.1%	44,1 M €	+110%	21 M €	+226%	-16,7 M €	+15.7%	-19,9 M €
Net result	17,2 M €	-93.7%	275 M €	+383%	56,9 M €	+334%	13,1 M €	-55.5%	29,5 M €	+76.1%	16,8 M €	-46.3%	31,2 M €	-50.6%	63,2 M €	-10.4%	70,6 M €	+0.8%	70 M €	+8.2%	64,7 M €	+33.2%	48,6 M €	-24.2%	64,1 M €	+60.3%	40 M €	-37.0%	63,5 M €	+175%	23,1 M €	+270%	-13,6 M €	+36.2%	-21,4 M €
Balance sheet
Equity	148,8 M €	+13.1%	131,6 M €	-79.9%	654,5 M €	+2.7%	637,6 M €	+5.9%	602,3 M €	+4.5%	576,3 M €	+3.0%	559,5 M €	+5.2%	531,9 M €	+12.6%	472,2 M €	+16.5%	405,1 M €	+20.3%	336,9 M €	+23.0%	274 M €	+20.6%	227,2 M €	+39.3%	163,1 M €	+32.5%	123,1 M €	+107%	59,6 M €	+63.4%	36,5 M €	+3.9%	35,1 M €
Total assets	210,8 M €	+3.7%	203,3 M €	-72.3%	734,6 M €	-6.9%	789,4 M €	+4.3%	757,2 M €	+14.8%	659,9 M €	+0.8%	654,7 M €	+4.0%	629,7 M €	+6.7%	590,3 M €	+12.4%	524,9 M €	+13.9%	461 M €	+23.8%	372,4 M €	+14.4%	325,5 M €	+29.3%	251,6 M €	+23.7%	203,4 M €	+43.3%	141,9 M €	+25.7%	112,9 M €	-9.1%	124,2 M €
Cash	4,3 M €	-59.0%	10,6 M €	+3.7%	10,2 M €	-47.3%	19,4 M €	-35.0%	29,8 M €	-35.2%	46,1 M €	+54.7%	29,8 M €	-56.1%	67,9 M €	+64.8%	41,2 M €	+53.8%	26,8 M €	-53.8%	58 M €	+650%	7,7 M €	+18.3%	6,5 M €	-6.9%	7 M €	-91.8%	85,5 M €	+552%	13,1 M €	+81.1%	7,2 M €	+73.7%	4,2 M €
Debts	56,9 M €	-13.7%	66 M €	-10.4%	73,6 M €	-48.6%	143,3 M €	-1.9%	146,1 M €	+94.3%	75,2 M €	-10.0%	83,6 M €	+0.7%	83 M €	-17.8%	101 M €	-1.3%	102,3 M €	-2.6%	105,1 M €	+34.1%	78,3 M €	-2.6%	80,4 M €	+15.5%	69,6 M €	+14.2%	61 M €	-9.0%	67 M €	+5.9%	63,3 M €	-21.3%	80,5 M €
Other
Workforce	620,7 ETP	-7.1%	668,0 ETP	-15.3%	788,5 ETP	-2.8%	811,4 ETP	+11.2%	729,7 ETP	+10.8%	658,7 ETP	-6.0%	700,4 ETP	-1.7%	712,4 ETP	+2.2%	697,2 ETP	+4.9%	664,5 ETP	+8.0%	615,1 ETP	+6.2%	579,3 ETP	-7.5%	626,4 ETP	+9.3%	573,2 ETP	-3.2%	592,0 ETP	+4.7%	565,6 ETP	-30.8%	817,3 ETP	-13.2%	941,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 60 ended

Active mandates

Luc TACK

Managing director · since 21 mai 2024 · until 21 mai 2029

Active

Catheriine Defoor

Director · since 01 janvier 2024 · until 21 mai 2029

Active

Johan Verstraete

Director · since 01 janvier 2024 · until 21 mai 2029

Active

Sandra Hoeylaerts

Director · since 01 janvier 2024 · until 21 mai 2029

Active

Ended mandates

Stefaan HASPESLAGH

Chairman of the board of directors · since 16 mai 2022 · until 20 mai 2024

Ended

Stefaan HASPESLAGH

Chairman of the board of directors · since 16 mai 2022 · until 18 mai 2026

Ended

7 CAPITAL

Director · since 17 mai 2021 · until 15 mai 2023 · 0895.361.369

Represented by Chantal De Vrieze

Ended

7 CAPITAL

Director · since 17 mai 2021 · until 19 mai 2025 · 0895.361.369

Represented by Chantal De Vrieze

Ended

At this address

Other companies at this address

Company	CBE no.
F.E. PICANOL GROEP● Active	0891.470.976
PROFERRO● Active	0438.243.426
Psicontrol● Active	0437.446.145

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Consolidated accounts
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/06/2026	03/06/2025	23/05/2024	16/05/2023	18/05/2022	23/06/2021
General meeting	20/05/2026	19/05/2025	21/05/2024	15/05/2023	16/05/2022	17/05/2021
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

38 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	20/05/2026	01/06/2026	Dutch	PDF
Full model	31/12/2024	19/05/2025	03/06/2025	Dutch	PDF
Full model	31/12/2023	21/05/2024	23/05/2024	Dutch	PDF
Full model	31/12/2022	15/05/2023	16/05/2023	Dutch	PDF
Consolidated accounts	31/12/2022	15/05/2023	13/06/2023	Dutch	PDF
Full model	31/12/2021	16/05/2022	18/05/2022	Dutch	PDF
Consolidated accounts	31/12/2021	16/05/2022	17/06/2022	Dutch	PDF
Full model	31/12/2020	17/05/2021	25/05/2021	Dutch	PDF
Consolidated accounts	31/12/2020	17/05/2021	23/06/2021	Dutch	PDF
Full model	31/12/2019	18/05/2020	23/06/2020	Dutch	PDF
Consolidated accounts	31/12/2019	18/05/2020	24/06/2020	Dutch	PDF
Full model	31/12/2018	17/04/2019	13/05/2019	Dutch	PDF
Consolidated accounts	31/12/2018	17/04/2019	15/05/2019	Dutch	PDF
Full model	31/12/2017	18/04/2018	15/05/2018	Dutch	PDF
Consolidated accounts	31/12/2017	18/04/2018	30/05/2018	Dutch	PDF
Full model	31/12/2016	19/04/2017	03/05/2017	Dutch	PDF
Consolidated accounts	31/12/2016	19/04/2017	22/06/2017	Dutch	PDF
Full model	31/12/2015	27/04/2016	01/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	27/04/2016	27/06/2016	Dutch	PDF
Full model	31/12/2014	15/04/2015	04/05/2015	Dutch	PDF
Consolidated accounts	31/12/2014	16/04/2015	19/08/2015	Dutch	PDF
Full model	31/12/2013	16/04/2014	13/05/2014	Dutch	PDF
Consolidated accountsCorrection	31/12/2013	16/04/2014	21/08/2014	Dutch	PDF
Consolidated accounts	31/12/2013	16/04/2014	02/06/2014	Dutch	PDF

View all 38 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

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 31/12/2025 · 4 active · 60 ended

Active mandates

Luc TACK

Managing director · since 21 mai 2024 · until 21 mai 2029

Active

Catheriine Defoor

Director · since 01 janvier 2024 · until 21 mai 2029

Active

Johan Verstraete

Director · since 01 janvier 2024 · until 21 mai 2029

Active

Sandra Hoeylaerts

Director · since 01 janvier 2024 · until 21 mai 2029

Active

Ended mandates

Stefaan HASPESLAGH

Chairman of the board of directors · since 16 mai 2022 · until 20 mai 2024

Ended

Stefaan HASPESLAGH

Chairman of the board of directors · since 16 mai 2022 · until 18 mai 2026

Ended

7 CAPITAL

Director · since 17 mai 2021 · until 15 mai 2023 · 0895.361.369

Represented by Chantal De Vrieze

Ended

7 CAPITAL

Director · since 17 mai 2021 · until 19 mai 2025 · 0895.361.369

Represented by Chantal De Vrieze

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring07/08/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates04/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring15/06/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares27/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ALGEMENE VERGADERING
PDF
Mandates16/06/2022
ONTSLAGEN - BENOEMINGEN
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 202517,2 M €↓
2024
Annual accounts 2024275 M €↑
21/05/2024
reconductionLuc Tack — uitvoerend, niet-onafhankelijk bestuurder
21/05/2024
reconductionJoachim Hoebeeck — commissaris
01/01/2024
nominationSandra Hoeylaerts — bestuurder
01/01/2024
nominationJohan Verstraete — bestuurder
01/01/2024
nominationCatherine Defoor — bestuurder
2023
Annual accounts 202356,9 M €↑
2022
Annual accounts 202213,1 M €↓
17/05/2022
nominationJoachim Hoebeeck — vaste vertegenwoordiger van de commissaris
16/05/2022
reconductionStefaan Haspeslagh — uitvoerend en niet onafhankelijke bestuurder
2021
Annual accounts 202129,5 M €↑
2020
Annual accounts 202016,8 M €↓
2019
Annual accounts 201931,2 M €↓
2018
Annual accounts 201863,2 M €↓
2017
Annual accounts 201770,6 M €↑
2016
Annual accounts 201670 M €↑
2015
Annual accounts 201564,7 M €↑
2014
Annual accounts 201448,6 M €↓
2013
Annual accounts 201364,1 M €↑
2012
Annual accounts 201240 M €↓
2011
Annual accounts 201163,5 M €↑
2010
Annual accounts 201023,1 M €↑
2009
Annual accounts 2009-13,6 M €↑
2008
Annual accounts 2008-21,4 M €
24/10/2008
demissionPhilip De Bie — Gevolmachtigde van het Dagelijks Bestuur
22/05/2008
demissionGeert Ostyn — Gevolmachtigde van het Dagelijks Bestuur
22/11/1928
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

PICANOL

Overview

What does PICANOL do?

Trend over 18 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