ACTIVE

PICEU PROJECTS

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Financial year 2025 · closed on 31/03/2025

Net result

140,4 k €

-22.1% YoY

Gross margin

410,5 k €

-3.0% YoY

Equity

2,1 M €

+7.2% YoY

What does PICEU PROJECTS do?

PICEU PROJECTS is a Private limited company incorporated in 2014. Its main activity is: Development of building projects. Its registered office is in Oostkamp.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0555.903.238

Incorporation

04/07/2014

Legal form

Private limited company

Registered office

Lijsterbessendreef 7
8020 Oostkamp · FlandreSee on map

Contributed capital

710 553,68 €

Latest accounts

31/03/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 41102Development of building projects 64200Activities of holding companies 64210Activities of holding companies 68122Buying and selling of own real estate+2

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015
Income statement
Gross margin	410,5 k €	-3.0%	423,1 k €	+1.4%	417 k €	+15.1%	362,4 k €	+52.0%	238,4 k €	-29.5%	338,3 k €	+13.3%	298,6 k €	-0.9%	301,2 k €	-14.0%	350,3 k €	+337%	80,3 k €
EBITDA	396,5 k €	-3.2%	409,6 k €	+0.8%	406,3 k €	+19.0%	341,5 k €	+48.9%	229,3 k €	-30.5%	330,2 k €	+11.0%	297,4 k €	-1.0%	300,3 k €	-21.7%	383,4 k €	+748%	45,2 k €
Operating result	288,2 k €	-6.1%	306,8 k €	-1.9%	312,7 k €	+87.1%	167,1 k €	+0.3%	166,6 k €	-37.7%	267,5 k €	+141%	110,8 k €	-39.0%	181,8 k €	+1265%	13,3 k €	+368%	-5 k €
Net result	140,4 k €	-22.1%	180,2 k €	-5.2%	190,1 k €	+68.8%	112,6 k €	+35.9%	82,9 k €	-55.2%	185,2 k €	+175%	67,3 k €	-51.6%	139,1 k €	+506%	-34,3 k €	-181%	-12,2 k €
Balance sheet
Equity	2,1 M €	+7.2%	2 M €	+47.6%	1,3 M €	+16.7%	1,1 M €	+11.0%	1 M €	+8.8%	940,1 k €	+18.3%	795 k €	+3.6%	767,6 k €	+60.4%	478,5 k €	+82.1%	262,8 k €
Total assets	3,3 M €	+0.4%	3,2 M €	+12.7%	2,9 M €	+0.5%	2,9 M €	+18.0%	2,4 M €	-1.8%	2,5 M €	+3.1%	2,4 M €	-11.1%	2,7 M €	+60.9%	1,7 M €	+36.4%	1,2 M €
Cash	231,9 k €	+12.3%	206,4 k €	+2.0%	202,4 k €	+105%	98,9 k €	-50.9%	201,5 k €	-4.4%	210,7 k €	+151%	84 k €	-84.3%	534 k €	+352%	118,1 k €	-64.3%	330,8 k €
Debts	1,1 M €	-10.1%	1,3 M €	-18.4%	1,5 M €	-10.2%	1,7 M €	+23.1%	1,4 M €	-8.3%	1,5 M €	-4.5%	1,6 M €	-17.0%	1,9 M €	+61.1%	1,2 M €	+28.5%	930,8 k €

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 31/03/2025 · 2 active · 4 ended

Active mandates

Regina Vanhecke

Director · since 04 juillet 2014

Active

Louis-Philippe Piceu

Director

Active

Ended mandates

Norbert Piceu

Director · since 04 juillet 2014

Ended

NORBERT PICEU

Manager · since 04 juillet 2014

Ended

REGINA VANHECKE

Manager · since 04 juillet 2014

Ended

LOUIS-PHILIPPE PICEU

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
NORBERT PICEU● Active	0427.288.265

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/10/2025	24/10/2024	31/10/2023	28/10/2022	29/11/2021	30/11/2020
General meeting	05/09/2025	01/09/2024	01/09/2023	20/08/2022	03/09/2021	04/09/2020
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

10 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	05/09/2025	29/10/2025	Dutch	PDF
Micro model	31/03/2024	01/09/2024	24/10/2024	Dutch	PDF
Micro model	31/03/2023	01/09/2023	31/10/2023	Dutch	PDF
Micro model	31/03/2022	20/08/2022	28/10/2022	Dutch	PDF
Micro model	31/03/2021	03/09/2021	29/11/2021	Dutch	PDF
Micro model	31/03/2020	04/09/2020	30/11/2020	Dutch	PDF
Micro model	31/03/2019	06/09/2019	25/10/2019	Dutch	PDF
Micro model	31/03/2018	30/09/2018	26/10/2018	Dutch	PDF
Abridged model	31/03/2017	30/09/2017	25/10/2017	Dutch	PDF
Abridged model	30/06/2015	30/12/2015	14/01/2016	Dutch	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 31/03/2025 · 2 active · 4 ended

Active mandates

Regina Vanhecke

Director · since 04 juillet 2014

Active

Louis-Philippe Piceu

Director

Active

Ended mandates

Norbert Piceu

Director · since 04 juillet 2014

Ended

NORBERT PICEU

Manager · since 04 juillet 2014

Ended

REGINA VANHECKE

Manager · since 04 juillet 2014

Ended

LOUIS-PHILIPPE PICEU

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring11/03/2024
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring17/11/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring20/09/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring22/11/2021
WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Capital / shares27/03/2018
KAPITAAL - AANDELEN
PDF
Mandates11/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares28/07/2016
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares10/07/2015
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025140,4 k €↓
2024
Annual accounts 2024180,2 k €↓
2023
Annual accounts 2023190,1 k €↑
2022
Annual accounts 2022112,6 k €↑
2021
Annual accounts 202182,9 k €↓
2020
Annual accounts 2020185,2 k €↑
2019
Annual accounts 201967,3 k €↓
2018
Annual accounts 2018139,1 k €↑
2017
Annual accounts 2017-34,3 k €↓
2015
Annual accounts 2015-12,2 k €
04/07/2014
IncorporationPrivate 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

PICEU PROJECTS

Overview

What does PICEU PROJECTS do?

Trend over 10 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