NORMAL SITUATION

PICASSO HOLDING

Financial year 2025 · closed on 31/12/2025
Net result
5 k €
+108.3% YoY
Gross margin
386,9 k €
+10.4% YoY
Equity
4,3 M €
+0.1% YoY
Workforce
2,0 ETP
0.0% YoY

Company — Normal situation.

What does PICASSO HOLDING do?

PICASSO HOLDING is a company registered in Belgium. It employs on average 2,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0698.774.439
Legal form
Public limited company
Contributed capital
4 440 002,00 €
Latest accounts
31/12/2025
Average workforce
2,0 ETP
Joint committees (1)
  • 207
Signals
ProfitableSolid equityGood liquidityPositive cashflowHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin386,9 k €350,6 k €353,1 k €533,8 k €1 M €1 M €1 M €287,8 k €
EBITDA-1,9 M €25,9 k €43,5 k €165,8 k €365 k €344,7 k €353,2 k €195,8 k €
Operating result-1,9 M €17,5 k €27,6 k €144,8 k €354,2 k €332,4 k €340,8 k €190,6 k €
Net result5 k €-60,6 k €-57,3 k €-22,9 k €22,9 k €7 k €1,9 k €6,3 k €
Balance sheet
Equity4,3 M €4,3 M €4,4 M €4,5 M €4,5 M €4,5 M €4,4 M €4,4 M €
Total assets5,9 M €6,2 M €8 M €8,1 M €8 M €8,6 M €8,5 M €8,3 M €
Cash54,7 k €33 k €66,9 k €72 k €321,7 €33,6 k €
Debts1,6 M €1,9 M €3,6 M €3,6 M €3,4 M €4 M €4 M €3,7 M €
Other
Workforce2,0 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP1,0 ETP
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 30 ended

Active mandates

PIETER VERHEYEN CONSULTANCY

Director · since 15 avril 2024 · 0763.465.422

Represented by Pieter Verheyen

Active
CARPINUS CONSULT

Director · since 24 mai 2022 · 0758.693.121

Represented by Jan Nelissen

Active
DCQ Consult

Director · since 24 mai 2022 · 0778.554.068

Represented by Kristien de Clercq

Active
QUVA INVEST

Director · since 24 mai 2022 · 0793.170.483

Represented by Pascal Vanhalst

Active

Ended mandates

QUVA INVEST

Director · since 01 janvier 2023 · 0793.170.483

Represented by Pascal VANHALST

Ended
QUVA INVEST

Director · since 01 janvier 2023 · 0793.170.483

Ended
CARPINUS CONSULT

Director · since 24 mai 2022 · until 19 avril 2027 · 0758.693.121

Represented by Jan NELISSEN

Ended
CARPINUS CONSULT

Director · since 24 mai 2022 · until 19 avril 2027 · 0758.693.121

Represented by Jan NELISSEN

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
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 date12/05/202619/05/202513/05/202423/05/202316/05/202229/04/2021
General meeting20/04/202630/04/202515/04/202408/05/202318/04/202219/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202520/04/202612/05/2026DutchPDF
Abridged model31/12/202430/04/202519/05/2025DutchPDF
Abridged model31/12/202315/04/202413/05/2024DutchPDF
Abridged model31/12/202208/05/202323/05/2023DutchPDF
Abridged model31/12/202118/04/202216/05/2022DutchPDF
Abridged model31/12/202019/04/202129/04/2021DutchPDF
Abridged model31/12/201920/04/202006/05/2020DutchPDF
Abridged model31/12/201815/05/201906/06/2019DutchPDF
Estimate

Indicative valuation

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 31/12/2025 · 4 active · 30 ended

Active mandates

PIETER VERHEYEN CONSULTANCY

Director · since 15 avril 2024 · 0763.465.422

Represented by Pieter Verheyen

Active
CARPINUS CONSULT

Director · since 24 mai 2022 · 0758.693.121

Represented by Jan Nelissen

Active
DCQ Consult

Director · since 24 mai 2022 · 0778.554.068

Represented by Kristien de Clercq

Active
QUVA INVEST

Director · since 24 mai 2022 · 0793.170.483

Represented by Pascal Vanhalst

Active

Ended mandates

QUVA INVEST

Director · since 01 janvier 2023 · 0793.170.483

Represented by Pascal VANHALST

Ended
QUVA INVEST

Director · since 01 janvier 2023 · 0793.170.483

Ended
CARPINUS CONSULT

Director · since 24 mai 2022 · until 19 avril 2027 · 0758.693.121

Represented by Jan NELISSEN

Ended
CARPINUS CONSULT

Director · since 24 mai 2022 · until 19 avril 2027 · 0758.693.121

Represented by Jan NELISSEN

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Dissolution30/01/2026
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring18/11/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates21/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/05/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares14/11/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates30/06/2022
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other23/05/2022
    DIVERSEN
    PDF
  • Mandates08/11/2021
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 20255 k €
  2. 2024
    Annual accounts 2024-60,6 k €
  3. 2023
    Annual accounts 2023-57,3 k €
  4. 2022
    Annual accounts 2022-22,9 k €
  5. 2021
    Annual accounts 202122,9 k €
  6. 2020
    Annual accounts 20207 k €
  7. 2019
    Annual accounts 20191,9 k €
  8. 2018
    Annual accounts 20186,3 k €