ACTIVE

PIECOVA

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Financial year 2025 · closed on 31/12/2025
Net result
23 k €
+845.9% YoY
Gross margin
298,4 k €
-28.5% YoY
Equity
86,6 k €
+36.2% YoY
Workforce
6,5 ETP
-27.8% YoY

What does PIECOVA do?

PIECOVA is a Private limited company incorporated in 2019. Its main activity is: Retail sale in non-specialised stores with food, beverages or tobacco predominating. Its registered office is in Aalter. It employs on average 6,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0737.780.713
Incorporation
18/11/2019
Legal form
Private limited company
Registered office
Groendreef 10
9880 Aalter · FlandreSee on map
Contributed capital
15 000,00 €
Latest accounts
31/12/2025
Average workforce
6,5 ETP
Activities (NACE)
47110Retail sale in non-specialised stores with food, beverages or tobacco predominating· main47112Retail sale in non-specialised stores with food, beverages or tobacco predominating47221Retail sale of meat and meat products in specialised stores47221Retail sale of meat and meat products in specialised stores47120Retail sale in non-specialised stores47222Retail sale of meat and meat products in specialised stores+2
Joint committees (1)
  • 201
Signals
ProfitablePositive 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 6 financial years

202520242023202220212020
Income statement
Gross margin298,4 k €417,4 k €347,9 k €93,4 k €161,5 k €68 k €
EBITDA49,3 k €19,1 k €81,9 k €-41,1 k €48,6 k €15,5 k €
Operating result30,1 k €4,1 k €72,5 k €-49,9 k €38,2 k €3,2 k €
Net result23 k €2,4 k €66,4 k €-49,4 k €27,7 k €1,4 k €
Balance sheet
Equity86,6 k €63,6 k €61,2 k €-5,3 k €44,1 k €16,4 k €
Total assets993,1 k €314,8 k €366,5 k €162,9 k €159,2 k €101,3 k €
Cash––20,4 k €–––
Debts906,4 k €251,2 k €305,3 k €168,2 k €115 k €84,8 k €
Other
Workforce6,5 ETP9,0 ETP6,2 ETP3,7 ETP3,0 ETP1,7 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active

Active mandates

Meat Invest International

Director · since 15 novembre 2019 · 0811.220.007

Represented by Geert Ally

Active
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202115/11/2019
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 months14 months
Filing date12/06/202612/06/202517/06/202426/06/202321/06/202228/06/2021
General meeting10/06/202610/06/202510/06/202410/06/202310/06/202210/06/2021
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202510/06/202612/06/2026DutchPDF
Abridged model31/12/202410/06/202512/06/2025DutchPDF
Abridged model31/12/202310/06/202417/06/2024DutchPDF
Abridged model31/12/202210/06/202326/06/2023DutchPDF
Abridged model31/12/202110/06/202221/06/2022DutchPDF
Abridged model31/12/202010/06/202128/06/2021DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 1 active

Active mandates

Meat Invest International

Director · since 15 novembre 2019 · 0811.220.007

Represented by Geert Ally

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates25/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office01/12/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other20/11/2019
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 202523 k €↑
  2. 2024
    Annual accounts 20242,4 k €↓
  3. 2023
    Annual accounts 202366,4 k €↑
  4. 2022
    Annual accounts 2022-49,4 k €↓
  5. 2021
    Annual accounts 202127,7 k €↑
  6. 2020
    Annual accounts 20201,4 k €
  7. 18/11/2019
    IncorporationPrivate limited company