ACTIVE

PICANOL

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Financial year 2025 · Closed on 31/12/2025

Net result17,2 M €-93,7 %over 1 year
Revenue300,9 M €+10,5 %over 1 year
Equity148,8 M €+13,1 %over 1 year
Workforce620,7 ETP-7,1 %over 1 year

Identity

Source · BCE/KBO

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
Joint committees (2)
  • 111
  • 209
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 38 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue300,9 M €272,3 M €399,7 M €544,5 M €472,3 M €
EBITDA14,6 M €656,5 k €12,6 M €-3,9 M €26 M €
Operating result10 M €-1,6 M €11 M €-6,6 M €24,4 M €
Net result17,2 M €275 M €56,9 M €13,1 M €29,5 M €
Balance sheet
Equity148,8 M €131,6 M €654,5 M €637,6 M €602,3 M €
Total assets210,8 M €203,3 M €734,6 M €789,4 M €757,2 M €
Cash4,3 M €10,6 M €10,2 M €19,4 M €29,8 M €
Debts56,9 M €66 M €73,6 M €143,3 M €146,1 M €
Other
Workforce620,7 ETP668,0 ETP788,5 ETP811,4 ETP729,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 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

Other companies at this address

Steverlyncklaan 15 8900 Ieper
CompanyCBE no.
F.E. PICANOL GROEP● Active
0891.470.976
PROFERRO● Active
0438.243.426
Psicontrol● Active
0437.446.145

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelConsolidated accounts
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/06/202603/06/202523/05/202416/05/202318/05/202223/06/2021
General meeting20/05/202619/05/202521/05/202415/05/202316/05/202217/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 38 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202520/05/202601/06/2026DutchPDF
Full model31/12/202419/05/202503/06/2025DutchPDF
Full model31/12/202321/05/202423/05/2024DutchPDF
Full model31/12/202215/05/202316/05/2023DutchPDF
Consolidated accounts31/12/202215/05/202313/06/2023DutchPDF
Full model31/12/202116/05/202218/05/2022DutchPDF
Consolidated accounts31/12/202116/05/202217/06/2022DutchPDF
Full model31/12/202017/05/202125/05/2021DutchPDF
Consolidated accounts31/12/202017/05/202123/06/2021DutchPDF
Full model31/12/201918/05/202023/06/2020DutchPDF
Consolidated accounts31/12/201918/05/202024/06/2020DutchPDF
Full model31/12/201817/04/201913/05/2019DutchPDF
Consolidated accounts31/12/201817/04/201915/05/2019DutchPDF
Full model31/12/201718/04/201815/05/2018DutchPDF
Consolidated accounts31/12/201718/04/201830/05/2018DutchPDF
Full model31/12/201619/04/201703/05/2017DutchPDF
Consolidated accounts31/12/201619/04/201722/06/2017DutchPDF
Full model31/12/201527/04/201601/06/2016DutchPDF
Consolidated accounts31/12/201527/04/201627/06/2016DutchPDF
Full model31/12/201415/04/201504/05/2015DutchPDF
Consolidated accounts31/12/201416/04/201519/08/2015DutchPDF
Full model31/12/201316/04/201413/05/2014DutchPDF
Consolidated accountsCorrection31/12/201316/04/201421/08/2014DutchPDF
Consolidated accounts31/12/201316/04/201402/06/2014DutchPDF
Full model31/12/201217/04/201315/05/2013DutchPDF
Consolidated accounts31/12/201217/04/201324/05/2013DutchPDF
Full model31/12/201118/04/201225/04/2012DutchPDF
Consolidated accounts31/12/201118/04/201204/05/2012DutchPDF
Full model31/12/201020/04/201117/05/2011DutchPDF
Consolidated accounts31/12/201020/04/201116/05/2011DutchPDF
Full model31/12/200921/04/201027/04/2010DutchPDF
Consolidated accounts31/12/200921/04/201027/04/2010DutchPDF
Full model31/12/200815/04/200912/06/2009DutchPDF
Consolidated accounts31/12/200815/04/200912/08/2009DutchPDF
Full model31/12/200716/04/200822/08/2008DutchPDF
Consolidated accounts31/12/200716/04/200822/08/2008DutchPDF
Full model31/12/200618/04/200728/06/2007DutchPDF
Consolidated accounts31/12/200618/04/200729/06/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 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

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • 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

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202517,2 M €↓
  2. 2024
    Annual accounts 2024275 M €↑
  3. 21/05/2024
    reconductionLuc Tack — uitvoerend, niet-onafhankelijk bestuurder
  4. 21/05/2024
    reconductionJoachim Hoebeeck — commissaris
  5. 01/01/2024
    nominationSandra Hoeylaerts — bestuurder
  6. 01/01/2024
    nominationJohan Verstraete — bestuurder
  7. 01/01/2024
    nominationCatherine Defoor — bestuurder
  8. 2023
    Annual accounts 202356,9 M €↑
  9. 2022
    Annual accounts 202213,1 M €↓
  10. 17/05/2022
    nominationJoachim Hoebeeck — vaste vertegenwoordiger van de commissaris
  11. 16/05/2022
    reconductionStefaan Haspeslagh — uitvoerend en niet onafhankelijke bestuurder
  12. 2021
    Annual accounts 202129,5 M €↑
  13. 2020
    Annual accounts 202016,8 M €↓
  14. 2019
    Annual accounts 201931,2 M €↓
  15. 2018
    Annual accounts 201863,2 M €↓
  16. 2017
    Annual accounts 201770,6 M €↑
  17. 2016
    Annual accounts 201670 M €↑
  18. 2015
    Annual accounts 201564,7 M €↑
  19. 2014
    Annual accounts 201448,6 M €↓
  20. 2013
    Annual accounts 201364,1 M €↑
  21. 2012
    Annual accounts 201240 M €↓
  22. 2011
    Annual accounts 201163,5 M €↑
  23. 2010
    Annual accounts 201023,1 M €↑
  24. 2009
    Annual accounts 2009-13,6 M €↑
  25. 2008
    Annual accounts 2008-21,4 M €
  26. 24/10/2008
    demissionPhilip De Bie — Gevolmachtigde van het Dagelijks Bestuur
  27. 22/05/2008
    demissionGeert Ostyn — Gevolmachtigde van het Dagelijks Bestuur
  28. 22/11/1928
    IncorporationPublic limited company