ACTIVE

PICO & Co

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Financial year 2025 · closed on 30/06/2025

Net result

94,1 k €

-9.1% YoY

Gross margin

577,2 k €

+1.3% YoY

Equity

581,3 k €

-7.3% YoY

Workforce

8,0 ETP

-4.8% YoY

What does PICO & Co do?

PICO & Co is a Public limited company incorporated in 1996. Its registered office is in Bruxelles. It employs on average 8,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0457.613.732

Incorporation

28/03/1996

Legal form

Public limited company

Registered office

Avenue Paul Héger 22 box 166
1000 Bruxelles · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

30/06/2025

Average workforce

8,0 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	577,2 k €	+1.3%	569,7 k €	-7.9%	618,8 k €	+31.6%	470,3 k €	+63.5%	287,6 k €	-30.6%	414,4 k €	+0.7%	411,6 k €	-4.3%	429,9 k €	+6.4%	404,2 k €	+12.1%	360,7 k €	+4.4%	345,5 k €	+10.2%	313,5 k €	+16.6%	268,7 k €	+6.9%	251,4 k €	-0.8%	253,5 k €	+13.4%	223,6 k €
EBITDA	148 k €	-7.5%	160 k €	-38.0%	258,3 k €	+29.0%	200,2 k €	+946%	19,1 k €	-87.3%	150,5 k €	-10.7%	168,5 k €	+5.1%	160,4 k €	+4.5%	153,4 k €	+48.6%	103,3 k €	+16.2%	88,9 k €	+35.9%	65,4 k €	-13.7%	75,8 k €	-25.0%	101,1 k €	-6.0%	107,6 k €	+21.5%	88,5 k €
Operating result	132,8 k €	-4.2%	138,7 k €	-41.8%	238,2 k €	+29.9%	183,4 k €	+1816%	-10,7 k €	-109%	123,1 k €	-15.9%	146,3 k €	+4.5%	140,1 k €	+14.7%	122,1 k €	+88.2%	64,9 k €	+39.1%	46,6 k €	+104%	22,9 k €	+63.1%	14 k €	-74.6%	55,2 k €	-29.6%	78,4 k €	+36.0%	57,6 k €
Net result	94,1 k €	-9.1%	103,6 k €	-38.4%	168,1 k €	+18.7%	141,6 k €	+1253%	-12,3 k €	-116%	74,4 k €	-16.0%	88,6 k €	+0.6%	88,1 k €	+9.7%	80,3 k €	+88.4%	42,6 k €	+48.9%	28,6 k €	+142%	11,8 k €	+72.4%	6,9 k €	-83.1%	40,5 k €	-24.7%	53,8 k €	+34.1%	40,1 k €
Balance sheet
Equity	581,3 k €	-7.3%	626,9 k €	+19.8%	523,3 k €	+8.7%	481,5 k €	+50.3%	320,5 k €	-3.7%	332,8 k €	+28.8%	258,3 k €	+52.2%	169,8 k €	-26.7%	231,7 k €	+53.0%	151,5 k €	+39.1%	108,9 k €	+35.6%	80,3 k €	-37.5%	128,4 k €	+5.6%	121,6 k €	+50.0%	81,1 k €	-46.8%	152,3 k €
Total assets	693,5 k €	-2.5%	711,2 k €	+13.6%	625,8 k €	+6.4%	588,1 k €	+68.0%	350 k €	-19.4%	434,4 k €	+25.6%	345,8 k €	-21.0%	437,8 k €	+29.6%	337,9 k €	+20.2%	281,2 k €	+1.1%	278,2 k €	+5.0%	265 k €	-14.2%	309 k €	+1.5%	304,4 k €	-3.5%	315,4 k €	+14.7%	274,9 k €
Cash	411 k €	-26.0%	555,8 k €	+120%	252,8 k €	-49.5%	500,4 k €	+118%	229,6 k €	-31.1%	333,2 k €	+31.3%	253,8 k €	-26.0%	343,1 k €	+50.4%	228,1 k €	+60.3%	142,4 k €	+48.1%	96,1 k €	+78.1%	54 k €	-13.4%	62,3 k €	+13.9%	54,7 k €	-23.9%	71,9 k €	+129%	31,4 k €
Debts	112,1 k €	+33.0%	84,3 k €	-17.3%	102 k €	-4.1%	106,3 k €	+260%	29,5 k €	-70.5%	100 k €	+14.4%	87,5 k €	-67.4%	268 k €	+153%	106,1 k €	-18.1%	129,5 k €	-23.4%	169,1 k €	-8.3%	184,4 k €	+2.3%	180,2 k €	-1.4%	182,7 k €	-22.0%	234,2 k €	+91.1%	122,5 k €
Other
Workforce	8,0 ETP	-4.8%	8,4 ETP		–		–		–		–		7,3 ETP	-2.7%	7,5 ETP	-2.6%	7,7 ETP	-4.9%	8,1 ETP	-1.2%	8,2 ETP	+5.1%	7,8 ETP	+8.3%	7,2 ETP	+28.6%	5,6 ETP	+9.8%	5,1 ETP	-8.9%	5,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2024 · 2 active · 12 ended

Active mandates

Alain MIS

Director · since 30 décembre 2022 · until 31 décembre 2028

Active

Natasha MIS

Director · since 30 décembre 2022 · until 31 décembre 2028

Active

Ended mandates

Alain MIS

Managing director · since 30 décembre 2022 · until 31 décembre 2028

Ended

ALAIN MIS

Managing director · since 30 décembre 2016 · until 04 décembre 2022

Ended

ALAIN MIS

Managing director · since 30 décembre 2016 · until 30 décembre 2022

Ended

NATACHA MIS

Director · since 30 décembre 2016 · until 04 décembre 2022

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Abridged model	Abridged 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	28/01/2022	29/01/2021
General meeting	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
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	30/06/2025	31/12/2025	29/01/2026	French	PDF
Abridged model	30/06/2024	31/12/2024	30/01/2025	French	PDF
Micro model	30/06/2023	31/12/2023	30/01/2024	French	PDF
Micro model	30/06/2022	31/12/2022	31/01/2023	French	PDF
Abridged model	30/06/2021	31/12/2021	28/01/2022	French	PDF
Abridged model	30/06/2020	31/12/2020	29/01/2021	French	PDF
Abridged model	30/06/2019	31/12/2019	31/01/2020	French	PDF
Micro model	30/06/2018	28/12/2018	25/01/2019	French	PDF
Micro model	30/06/2017	30/12/2017	26/01/2018	French	PDF
Abridged model	30/06/2016	30/12/2016	30/01/2017	French	PDF
Abridged model	30/06/2015	30/12/2015	29/01/2016	French	PDF
Abridged model	30/06/2014	30/12/2014	13/01/2015	French	PDF
Abridged model	30/06/2013	30/12/2013	30/01/2014	French	PDF
Abridged model	30/06/2012	21/01/2013	30/01/2013	French	PDF
Abridged model	30/06/2011	03/12/2011	14/12/2011	French	PDF
Abridged model	30/06/2010	04/12/2010	17/12/2010	French	PDF
Abridged model	30/06/2009	05/12/2009	17/12/2009	French	PDF
Abridged model	30/06/2008	06/12/2008	19/12/2008	French	PDF
Abridged model	30/06/2007	01/12/2007	17/12/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/06/2024 · 2 active · 12 ended

Active mandates

Alain MIS

Director · since 30 décembre 2022 · until 31 décembre 2028

Active

Natasha MIS

Director · since 30 décembre 2022 · until 31 décembre 2028

Active

Ended mandates

Alain MIS

Managing director · since 30 décembre 2022 · until 31 décembre 2028

Ended

ALAIN MIS

Managing director · since 30 décembre 2016 · until 04 décembre 2022

Ended

ALAIN MIS

Managing director · since 30 décembre 2016 · until 30 décembre 2022

Ended

NATACHA MIS

Director · since 30 décembre 2016 · until 04 décembre 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/05/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates07/02/2024
DEMISSIONS, NOMINATIONS
PDF
Other04/05/2023
DIVERS
PDF
Mandates21/03/2017
DEMISSIONS, NOMINATIONS
PDF
Capital / shares27/01/2012
CAPITAL, ACTIONS
PDF
Mandates20/01/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates25/02/2004
SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - 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 202594,1 k €↓
2024
Annual accounts 2024103,6 k €↓
2023
Annual accounts 2023168,1 k €↑
2022
Annual accounts 2022141,6 k €↑
2018
Annual accounts 2018-12,3 k €↓
2017
Annual accounts 201774,4 k €↓
2016
Annual accounts 201688,6 k €↑
2015
Annual accounts 201588,1 k €↑
2014
Annual accounts 201480,3 k €↑
2013
Annual accounts 201342,6 k €↑
2012
Annual accounts 201228,6 k €↑
2011
Annual accounts 201111,8 k €↑
2010
Annual accounts 20106,9 k €↓
2009
Annual accounts 200940,5 k €↓
2008
Annual accounts 200853,8 k €↑
2007
Annual accounts 200740,1 k €
28/03/1996
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

PICO & Co

Overview

What does PICO & Co do?

Trend over 16 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