ACTIVE

PICO

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Financial year 2025 · closed on 31/12/2025

Net result

66 k €

-29.5% YoY

Gross margin

88,6 k €

-15.5% YoY

Equity

693,9 k €

+10.5% YoY

Workforce

0,0 ETP

What does PICO do?

PICO is a Private limited company incorporated in 2008. Its main activity is: Activities of holding companies. Its registered office is in Oudenaarde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0807.668.025

Incorporation

07/11/2008

Legal form

Private limited company

Registered office

Vijflindendries 3
9700 Oudenaarde · FlandreSee on map

Contributed capital

1 937 400,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

Joint committees (2)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2018		2015		2014		2013		2011		2010		2009
Income statement
Gross margin	88,6 k €	-15.5%	104,9 k €	-9.8%	116,3 k €	-7.0%	125,1 k €	-8.5%	136,8 k €	+7.2%	127,6 k €	-10.8%	142,9 k €	-13.6%	165,4 k €	-22.6%	213,6 k €	+69.4%	126,1 k €	+27.5%	98,9 k €	-37.5%	158,3 k €
EBITDA	87 k €	-15.7%	103,3 k €	+196%	-107,6 k €	-187%	123,6 k €	-8.5%	135 k €	+8.7%	124,2 k €	-0.9%	125,4 k €	-23.5%	163,9 k €	-22.9%	212,7 k €	+70.4%	124,8 k €	+27.6%	97,8 k €	-37.6%	156,9 k €
Operating result	80,6 k €	-16.0%	95,9 k €	+183%	-115,6 k €	-199%	116,2 k €	-10.5%	129,8 k €	+10.4%	117,5 k €	+3.9%	113,1 k €	-25.6%	152 k €	-24.4%	201 k €	+64.6%	122,1 k €	+28.4%	95,1 k €	-38.0%	153,5 k €
Net result	66 k €	-29.5%	93,6 k €	+178%	-119,7 k €	-240%	85,4 k €	+300%	21,4 k €	+6.9%	20 k €	+35.8%	14,7 k €	-60.1%	36,9 k €	-50.1%	73,9 k €	-9.7%	81,9 k €	+19.8%	68,4 k €	-32.7%	101,5 k €
Balance sheet
Equity	693,9 k €	+10.5%	627,9 k €	+17.5%	534,3 k €	-18.3%	654 k €	+15.0%	568,7 k €	+33.0%	427,5 k €	+10.5%	387 k €	+4.0%	372,3 k €	+11.0%	335,4 k €	+249%	96,2 k €	-47.2%	182,3 k €	+60.0%	113,9 k €
Total assets	4,6 M €	+1.1%	4,5 M €	+1.2%	4,5 M €	-3.2%	4,6 M €	-1.7%	4,7 M €	+84.2%	2,6 M €	+1.0%	2,5 M €	+3.2%	2,5 M €	-0.3%	2,5 M €	+1209%	188,2 k €	-32.1%	277,1 k €	+54.7%	179,1 k €
Cash	24,8 k €	+28.7%	19,3 k €	-26.0%	26,1 k €	+246%	7,5 k €	-93.7%	120 k €	+10500%	1,1 k €	-96.4%	31,2 k €	+179%	11,2 k €	-59.7%	27,8 k €	+4731%	576 €	-98.2%	32,5 k €	+15466%	209 €
Debts	3,9 M €	-0.4%	3,9 M €	-1.0%	3,9 M €	-0.7%	4 M €	-1.7%	4 M €	+97.7%	2 M €	-0.8%	2,1 M €	-0.0%	2,1 M €	-2.1%	2,1 M €	+2189%	92 k €	-3.0%	94,8 k €	+45.4%	65,2 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		0,5 ETP		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Piet D'Haeyer

Director

Active

Ended mandates

Piet D'Haeyer

Bestuurder · since 03 novembre 2008

Ended

Piet D'Haeyer

Director · since 03 novembre 2008

Ended

Piet D'Haeyer

Manager · since 03 novembre 2008

Ended

Piet D'HAEYER

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Lotus● Active	0792.806.041

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/06/2026	23/06/2025	21/06/2024	02/06/2023	22/06/2022	27/07/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	30/06/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	10/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	23/06/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	21/06/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	02/06/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	22/06/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	27/07/2021	Dutch	PDF
Micro model	31/12/2019	29/05/2020	27/07/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	26/06/2019	Dutch	PDF
Micro model	31/12/2017	25/05/2018	26/06/2018	Dutch	PDF
Micro model	31/12/2016	26/05/2017	03/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	14/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	18/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	20/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	18/08/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	21/06/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 4 ended

Active mandates

Piet D'Haeyer

Director

Active

Ended mandates

Piet D'Haeyer

Bestuurder · since 03 novembre 2008

Ended

Piet D'Haeyer

Director · since 03 novembre 2008

Ended

Piet D'Haeyer

Manager · since 03 novembre 2008

Ended

Piet D'HAEYER

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/04/2013
MAATSCHAPPELIJKE ZETEL
PDF
Restructuring28/06/2012
DOEL - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring20/04/2012
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other18/11/2008
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

2025
Annual accounts 202566 k €↓
2024
Annual accounts 202493,6 k €↑
2023
Annual accounts 2023-119,7 k €↓
2022
Annual accounts 202285,4 k €↑
2021
Annual accounts 202121,4 k €↑
2018
Annual accounts 201820 k €↑
2015
Annual accounts 201514,7 k €↓
2014
Annual accounts 201436,9 k €↓
2013
Annual accounts 201373,9 k €↓
2011
Annual accounts 201181,9 k €↑
2010
Annual accounts 201068,4 k €↓
2009
Annual accounts 2009101,5 k €
07/11/2008
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

PICO

Overview

What does PICO do?

Trend over 12 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