ACTIVE

PICTOGRAM

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Financial year 2024 · closed on 31/12/2024

Net result

-7,5 k €

-119.7% YoY

Gross margin

385,3 k €

-15.3% YoY

Equity

167,7 k €

-55.3% YoY

Workforce

5,8 ETP

-10.8% YoY

What does PICTOGRAM do?

PICTOGRAM is a Public limited company incorporated in 1977. Its main activity is: Pre-press and pre-media services. Its registered office is in Anderlecht. It employs on average 5,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0417.951.422

Incorporation

30/12/1977

Legal form

Public limited company

Registered office

Rue de Birmingham 131
1070 Anderlecht · BruxellesSee on map

Contributed capital

149 000,00 €

Latest accounts

31/12/2024

Average workforce

5,8 ETP

Activities (NACE)

18130Pre-press and pre-media services· main 18130Pre-press and pre-media services 22240Manufacture of plastic products 74103Specialised design activities 74120Specialised design activities

Joint committees (2)

Signals

Good liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	385,3 k €	-15.3%	454,7 k €	-11.1%	511,3 k €	+4.7%	488,1 k €	-4.6%	511,9 k €	+6.1%	482,6 k €	+13.7%	424,5 k €	+9.1%	389,1 k €	-3.5%	403,4 k €	-16.1%	480,6 k €	+7.7%	446,2 k €	-24.1%	587,9 k €	-9.8%	651,7 k €	+33.1%	489,6 k €	-20.2%	613,4 k €	-6.4%	655,5 k €	+10.9%	591 k €	-9.6%	653,6 k €	+28.6%	508,4 k €
EBITDA	42,2 k €	-58.6%	101,8 k €	-6.7%	109,1 k €	-0.4%	109,5 k €	+46.5%	74,8 k €	+16.4%	64,2 k €	+116%	29,7 k €	-19.7%	37 k €	-46.4%	69,1 k €	-3.1%	71,3 k €	+42.3%	50,1 k €	-55.4%	112,3 k €	-15.5%	132,9 k €	+54.6%	86 k €	-25.5%	115,5 k €	-19.4%	143,3 k €	+409%	28,2 k €	-54.5%	61,9 k €	-35.2%	95,4 k €
Operating result	-1,1 k €	-102%	59,6 k €	-27.5%	82,2 k €	+7.9%	76,2 k €	+44.2%	52,8 k €	+75.5%	30,1 k €	+2014%	-1,6 k €	+65.7%	-4,6 k €	+88.3%	-39,2 k €	-47.9%	-26,5 k €	+46.9%	-49,9 k €	-524%	11,8 k €	-65.9%	34,5 k €	+184%	-41 k €	-59.7%	-25,7 k €	-78.2%	-14,4 k €	-56.5%	-9,2 k €	+28.0%	-12,8 k €	-381%	-2,7 k €
Net result	-7,5 k €	-120%	38 k €	-11.4%	42,8 k €	-14.6%	50,2 k €	+0.5%	49,9 k €	+201%	16,6 k €	+488%	2,8 k €	+219%	-2,4 k €	+89.3%	-22,2 k €	-76.7%	-12,5 k €	+61.8%	-32,8 k €	-213%	29 k €	-43.5%	51,3 k €	+333%	-22 k €	-183%	26,6 k €	+243%	-18,6 k €	-102%	-9,2 k €	+6.7%	-9,9 k €	-279%	5,5 k €
Balance sheet
Equity	167,7 k €	-55.3%	375,4 k €	-36.1%	587,4 k €	+7.9%	544,6 k €	+10.1%	494,4 k €	+11.2%	444,5 k €	+3.8%	428,1 k €	+0.2%	427,1 k €	-1.3%	432,8 k €	-8.5%	472,9 k €	-6.1%	503,3 k €	-9.2%	554,2 k €	+1.9%	543,6 k €	+6.2%	511,7 k €	-5.3%	540,3 k €	+157%	210,2 k €	-8.1%	228,8 k €	-3.9%	238 k €	-6.2%	253,6 k €
Total assets	767 k €	-33.5%	1,2 M €	+2.4%	1,1 M €	+16.8%	964,7 k €	-31.7%	1,4 M €	+7.5%	1,3 M €	+34.8%	974,3 k €	+18.9%	819,5 k €	-8.6%	896,9 k €	-11.5%	1 M €	+18.5%	855,1 k €	+16.7%	732,6 k €	-31.2%	1,1 M €	+1.2%	1,1 M €	-14.9%	1,2 M €	+2.4%	1,2 M €	+50.2%	804,7 k €	-4.2%	840,2 k €	+25.7%	668,5 k €
Cash	237,7 k €	-24.5%	314,9 k €	+50.9%	208,7 k €	+140%	86,8 k €	+88.3%	46,1 k €	+280%	12,1 k €	+48.9%	8,1 k €	+221%	2,5 k €	-53.2%	5,4 k €	-6.2%	5,8 k €	-88.2%	48,9 k €	-56.4%	112,3 k €	-73.8%	429,1 k €	+622%	59,4 k €	+21.6%	48,9 k €	-80.4%	249,2 k €	+50.2%	166 k €	+401%	33,1 k €	-58.6%	80 k €
Debts	569,4 k €	-20.9%	719,6 k €	+34.7%	534,2 k €	+50.9%	353,9 k €	-61.4%	917,2 k €	+5.9%	865,9 k €	+59.0%	544,7 k €	+40.3%	388,3 k €	-15.6%	459,8 k €	-14.5%	537,8 k €	+55.4%	346 k €	+94.0%	178,3 k €	-65.8%	521,4 k €	-3.6%	541,1 k €	-22.2%	695,7 k €	-29.3%	984,5 k €	+129%	430,8 k €	-21.8%	550,6 k €	+73.4%	317,6 k €
Other
Workforce	5,8 ETP	-10.8%	6,5 ETP	-17.7%	7,9 ETP	+3.9%	7,6 ETP	-15.6%	9,0 ETP	+13.9%	7,9 ETP	+3.9%	7,6 ETP	+7.0%	7,1 ETP		–		7,3 ETP	-3.9%	7,6 ETP	-14.6%	8,9 ETP	-2.2%	9,1 ETP	+8.3%	8,4 ETP	-6.7%	9,0 ETP	-18.2%	11,0 ETP	-16.7%	13,2 ETP	0.0%	13,2 ETP	+18.9%	11,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 15 ended

Active mandates

Etienne PIRSON

Director · since 16 juin 2025 · until 30 juin 2030

Active

Robert PIRSON

Director · since 16 juin 2025 · until 30 juin 2030

Active

VALECO

Managing director · since 11 janvier 2025 · until 30 juin 2030 · 0466.953.050

Represented by Etienne PIRSON

Active

Ended mandates

Etienne Pirson

Director · since 08 septembre 2020

Ended

Etienne PIRSON

Director · since 08 septembre 2020 · until 08 septembre 2026

Ended

André Lazar

Director · since 29 janvier 2019

Ended

Robert PIRSON

Director · since 29 janvier 2019

Ended

At this address

Other companies at this address

Company	CBE no.
birmingham● Active	0893.619.032
DELOGE● Active	0448.643.707
IMMOFFSET● Active	0449.190.568
Photogravure Deloge-Fotogravuur Deloge● Liquidation	0402.206.144
VALECO● Active	0466.953.050

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/07/2025	01/07/2024	06/07/2023	28/07/2022	05/10/2021	30/12/2020
General meeting	24/06/2025	20/06/2024	30/06/2023	30/06/2022	06/09/2021	08/09/2020
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

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	24/06/2025	08/07/2025	French	PDF
Abridged model	31/12/2023	20/06/2024	01/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	06/07/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	28/07/2022	French	PDF
Abridged model	31/12/2020	06/09/2021	05/10/2021	French	PDF
Abridged model	31/12/2019	08/09/2020	30/12/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	29/01/2019	31/01/2019	French	PDF
Micro model	31/12/2016	30/06/2017	30/03/2018	French	PDF
Abridged model	31/12/2015	29/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	29/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	01/09/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	29/06/2010	11/08/2010	French	PDF
Abridged model	31/12/2008	29/06/2009	22/07/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	23/07/2008	French	PDF
Abridged model	31/12/2006	27/06/2007	31/07/2007	French	PDF

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.

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 31/12/2024 · 3 active · 15 ended

Active mandates

Etienne PIRSON

Director · since 16 juin 2025 · until 30 juin 2030

Active

Robert PIRSON

Director · since 16 juin 2025 · until 30 juin 2030

Active

VALECO

Managing director · since 11 janvier 2025 · until 30 juin 2030 · 0466.953.050

Represented by Etienne PIRSON

Active

Ended mandates

Etienne Pirson

Director · since 08 septembre 2020

Ended

Etienne PIRSON

Director · since 08 septembre 2020 · until 08 septembre 2026

Ended

André Lazar

Director · since 29 janvier 2019

Ended

Robert PIRSON

Director · since 29 janvier 2019

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/07/2025
DEMISSIONS, NOMINATIONS
PDF
Capital / shares03/01/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates19/04/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates11/02/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates04/03/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates26/10/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates10/01/2012
DEMISSIONS, NOMINATIONS
PDF
Capital / shares15/09/2010
CAPITAL, ACTIONS - 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

2024
Annual accounts 2024-7,5 k €↓
2023
Annual accounts 202338 k €↓
2022
Annual accounts 202242,8 k €↓
2021
Annual accounts 202150,2 k €↑
2020
Annual accounts 202049,9 k €↑
2019
Annual accounts 201916,6 k €↑
2018
Annual accounts 20182,8 k €↑
2017
Annual accounts 2017-2,4 k €↑
2016
Annual accounts 2016-22,2 k €↓
2015
Annual accounts 2015-12,5 k €↑
2014
Annual accounts 2014-32,8 k €↓
2013
Annual accounts 201329 k €↓
2012
Annual accounts 201251,3 k €↑
2011
Annual accounts 2011-22 k €↓
2010
Annual accounts 201026,6 k €↑
2009
Annual accounts 2009-18,6 k €↓
2008
Annual accounts 2008-9,2 k €↑
2007
Annual accounts 2007-9,9 k €↓
2006
Annual accounts 20065,5 k €
30/12/1977
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

PICTOGRAM

Overview

What does PICTOGRAM 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