PICARD
0412.386.788 · rovalta.com · 23/09/2026
ACTIVE
PICARD
Financial year 2025 · closed on 30/09/2025
Net result
46 k €
-18.7% YoY
Gross margin
326 k €
-0.4% YoY
Equity
546,3 k €
+9.2% YoY
Workforce
6,6 ETP
+10.0% YoY
Overview
What does PICARD do?
PICARD is a Public limited company incorporated in 1972. Its registered office is in Bruxelles. It employs on average 6,6 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0412.386.788
Incorporation
07/04/1972
Legal form
Public limited company
Registered office
Rue du Marché au Charbon 43
1000 Bruxelles · BruxellesSee on map
1000 Bruxelles · BruxellesSee on map
Contributed capital
129 821,84 €
Latest accounts
30/09/2025
Average workforce
6,6 ETP
Joint committees (2)
- 100
- 201
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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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 | |||||||||||||||||||||||||||||||||||||
| Gross margin | 326 k € | -0.4% | 327,4 k € | -2.3% | 335,3 k € | +8.0% | 310,3 k € | +202% | 102,8 k € | -57.8% | 243,9 k € | +5.5% | 231,2 k € | -14.4% | 270,2 k € | – | – | – | – | – | 129,8 k € | -17.3% | 156,9 k € | -4.8% | 164,9 k € | +16.6% | 141,4 k € | +36.3% | 103,7 k € | -63.5% | 284,2 k € | ||||||
| EBITDA | 73,8 k € | -13.4% | 85,2 k € | -30.1% | 122 k € | +9.1% | 111,8 k € | +372% | -41,2 k € | -179% | 52,2 k € | +263% | -32 k € | -282% | 17,6 k € | -24.5% | 23,3 k € | +1047% | 2 k € | -95.2% | 42,6 k € | -16.5% | 51,1 k € | +21.7% | 42 k € | +447% | 7,7 k € | -83.7% | 47 k € | -14.5% | 55 k € | +125% | 24,5 k € | +183% | -29,6 k € | -125% | 118,9 k € |
| Operating result | 71,5 k € | -15.0% | 84,1 k € | -30.5% | 121,1 k € | +9.0% | 111,1 k € | +347% | -45 k € | -207% | 42,1 k € | +198% | -43,1 k € | -739% | 6,8 k € | +247% | -4,6 k € | +87.9% | -38 k € | -530% | 8,8 k € | -49.9% | 17,7 k € | +391% | 3,6 k € | +122% | -16,2 k € | -138% | 42,2 k € | -7.2% | 45,5 k € | +260% | 12,6 k € | +115% | -85,9 k € | -234% | 64 k € |
| Net result | 46 k € | -18.7% | 56,6 k € | -74.6% | 222,7 k € | +315% | 53,7 k € | +141% | -132,4 k € | -452% | 37,6 k € | +181% | -46,3 k € | -855% | 6,1 k € | +170% | -8,7 k € | +79.5% | -42,4 k € | -952% | 5 k € | -64.0% | 13,8 k € | +316% | -6,4 k € | +67.3% | -19,5 k € | -148% | 40,6 k € | -12.0% | 46,1 k € | +1468% | 2,9 k € | +61.5% | 1,8 k € | -96.4% | 50,6 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 546,3 k € | +9.2% | 500,3 k € | +12.8% | 443,7 k € | +101% | 221 k € | +32.1% | 167,3 k € | -44.2% | 299,7 k € | +14.3% | 262,1 k € | -15.0% | 308,4 k € | +2.0% | 302,2 k € | -2.8% | 310,9 k € | -12.0% | 353,3 k € | +1.4% | 348,3 k € | +4.1% | 334,5 k € | -1.9% | 340,9 k € | -5.4% | 360,4 k € | +12.7% | 319,9 k € | +16.8% | 273,7 k € | +1.1% | 270,8 k € | +0.7% | 269 k € |
| Total assets | 617,3 k € | +13.3% | 544,7 k € | -9.3% | 600,4 k € | +64.1% | 365,8 k € | +25.2% | 292,2 k € | -30.7% | 421,4 k € | -14.0% | 490 k € | +10.0% | 445,3 k € | +11.0% | 401,1 k € | -8.9% | 440,3 k € | -6.9% | 472,7 k € | +17.0% | 404 k € | -2.0% | 412,1 k € | -16.7% | 494,9 k € | +3.2% | 479,7 k € | +5.9% | 453 k € | +7.1% | 422,8 k € | -2.9% | 435,6 k € | -23.2% | 567,5 k € |
| Cash | 321,8 k € | +14.9% | 280,1 k € | -19.2% | 346,5 k € | +149% | 139,2 k € | -14.1% | 162,1 k € | -28.7% | 227,5 k € | -23.6% | 297,8 k € | +18.0% | 252,4 k € | +51.1% | 167 k € | +27.4% | 131,1 k € | -51.7% | 271,5 k € | +177% | 98 k € | -16.6% | 117,6 k € | +40.1% | 83,9 k € | – | 50,7 k € | +397% | 10,2 k € | +73.5% | 5,9 k € | -87.6% | 47,5 k € | ||
| Debts | 70,3 k € | +59.6% | 44 k € | -71.4% | 154,2 k € | +156% | 60,3 k € | -33.0% | 89,9 k € | +6.7% | 84,2 k € | -56.4% | 193 k € | +92.1% | 100,5 k € | +57.4% | 63,8 k € | -19.5% | 79,3 k € | -6.0% | 84,4 k € | +51.5% | 55,7 k € | -28.2% | 77,6 k € | -47.6% | 148,2 k € | +24.3% | 119,2 k € | -10.5% | 133,2 k € | -10.7% | 149,1 k € | -9.5% | 164,8 k € | -44.8% | 298,5 k € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 6,6 ETP | +10.0% | 6,0 ETP | +9.1% | 5,5 ETP | +14.6% | 4,8 ETP | -15.8% | 5,7 ETP | -19.7% | 7,1 ETP | +4.4% | 6,8 ETP | 0.0% | 6,8 ETP | 0.0% | 6,8 ETP | +21.4% | 5,6 ETP | +12.0% | 5,0 ETP | -5.7% | 5,3 ETP | -5.4% | 5,6 ETP | +27.3% | 4,4 ETP | 0.0% | 4,4 ETP | +2.3% | 4,3 ETP | -6.5% | 4,6 ETP | -22.0% | 5,9 ETP | -28.0% | 8,2 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 500 k€ and 1 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2025 · 3 active · 32 ended
Active mandates
Ended mandates
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/10/2024 | 01/10/2023 | 01/10/2022 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 30/09/2025 | 30/09/2024 | 30/09/2023 | 30/09/2022 | 30/09/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 13/03/2026 | 14/03/2025 | 26/04/2024 | 26/04/2023 | 29/04/2022 | 30/04/2021 |
| General meeting | 16/02/2026 | 17/02/2025 | 29/03/2024 | 31/03/2023 | 31/03/2022 | 31/03/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 30/09/2025 | 16/02/2026 | 13/03/2026 | Dutch | |
| Abridged model | 30/09/2024 | 17/02/2025 | 14/03/2025 | Dutch | |
| Abridged model | 30/09/2023 | 29/03/2024 | 26/04/2024 | Dutch | |
| Abridged model | 30/09/2022 | 31/03/2023 | 26/04/2023 | Dutch | |
| Abridged model | 30/09/2021 | 31/03/2022 | 29/04/2022 | Dutch | |
| Abridged model | 30/09/2020 | 31/03/2021 | 30/04/2021 | Dutch | |
| Abridged model | 30/09/2019 | 06/02/2020 | 30/04/2020 | Dutch | |
| Abridged model | 30/09/2018 | 28/03/2019 | 29/03/2019 | Dutch | |
| Full model | 30/09/2017 | 30/04/2018 | 02/05/2018 | Dutch | |
| Full model | 30/09/2016 | 23/03/2017 | 21/04/2017 | Dutch | |
| Full model | 30/09/2015 | 24/03/2016 | 22/04/2016 | Dutch | |
| Full model | 30/09/2014 | 31/03/2015 | 28/04/2015 | Dutch | |
| Full model | 30/09/2013 | 04/06/2014 | 06/06/2014 | Dutch | |
| Abridged model | 30/09/2012 | 28/03/2013 | 11/07/2013 | Dutch | |
| Abridged model | 30/09/2011 | 23/03/2012 | 19/04/2012 | Dutch | |
| Abridged model | 30/09/2010 | 25/03/2011 | 11/04/2011 | Dutch | |
| Abridged model | 30/09/2009 | 26/03/2010 | 27/04/2010 | Dutch | |
| Abridged model | 30/09/2008 | 27/03/2009 | 28/04/2009 | Dutch | |
| Abridged model | 30/09/2007 | 28/03/2008 | 31/03/2008 | Dutch | |
| Abridged model | 30/09/2006 | 29/03/2007 | 30/03/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 500 k€ and 1 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 · 3 active · 32 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates10/01/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
- Mandates25/05/2021ONTSLAGEN - BENOEMINGEN
- Mandates05/12/2019ONTSLAGEN - BENOEMINGEN
- Mandates24/05/2016ONTSLAGEN - BENOEMINGEN
- Mandates16/05/2012ONTSLAGEN - BENOEMINGEN
- Mandates02/06/2010ONTSLAGEN - BENOEMINGEN
- Registered office07/08/2009MAATSCHAPPELIJKE ZETEL
- Mandates14/05/2008ONTSLAGEN - BENOEMINGEN
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 202546 k €↓
- 2024Annual accounts 202456,6 k €↓
- 2023Annual accounts 2023222,7 k €↑
- 2022Annual accounts 202253,7 k €↑
- 2021Annual accounts 2021-132,4 k €↓
- 2020Annual accounts 202037,6 k €↑
- 2019Annual accounts 2019-46,3 k €↓
- 2018Annual accounts 20186,1 k €↑
- 2017Annual accounts 2017-8,7 k €↑
- 2016Annual accounts 2016-42,4 k €↓
- 2015Annual accounts 20155 k €↓
- 2014Annual accounts 201413,8 k €↑
- 2013Annual accounts 2013-6,4 k €↑
- 2012Annual accounts 2012-19,5 k €↓
- 2011Annual accounts 201140,6 k €↓
- 2010Annual accounts 201046,1 k €↑
- 2009Annual accounts 20092,9 k €↑
- 2008Annual accounts 20081,8 k €↓
- 2007Annual accounts 200750,6 k €
- 07/04/1972IncorporationPublic limited company