PICKAVET INDUSTRIES CONSTRUCT
ActiveSummary
PICKAVET INDUSTRIES CONSTRUCT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.21M and a net result of €69k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 70% of 1030 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+1
Solvency89▲+10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 2.55 against 3.13 in 2024; short-term debt: 15% and cash: 15.2% of total assets), and 36.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.6%
Return on assets
3.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-04-2026, 13 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
13 d early
2024
15 d early
2023
18 d early
2022
16 d early
2021
15 d early
2020
11 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.21M▲ 6.0%
2024 · €1.14M
2018: €331k
2019: €423k
2020: €522k
2021: €749k
2022: €946k
2023: €1.09M
2024: €1.14M
2018 → 2025
Total assets
€1.91M▼ 10.2%
2024 · €2.12M
2018: €1.52M
2019: €1.59M
2020: €1.58M
2021: €1.75M
2022: €2.13M
2023: €2.35M
2024: €2.12M
2018 → 2025
Net result
€69k▲ 36.9%
2024 · €50k
2018: €131k
2019: €92k
2020: €99k
2021: €227k
2022: €198k
2023: €147k
2024: €50k
2018 → 2025
Working capital
€445k▼ 17.4%
2024 · €539k
2018: €265k
2019: €334k
2020: €464k
2021: €665k
2022: €561k
2023: €542k
2024: €539k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€749k-€946k▲ 26.4%€1.09M▲ 15.5%€1.14M▲ 4.6%€1.21M▲ 6.0%
Operating result€341k-€275k▼ 19.2%€205k▼ 25.6%€86k▼ 57.9%€120k▲ 38.9%
Net result€227k-€198k▼ 12.9%€147k▼ 25.8%€50k▼ 65.7%€69k▲ 36.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 39% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.91M
Fixed assets
€1.17M ▼ 11.7%
Current assets
€732k ▼ 7.5%
Equity and liabilities €1.91M
Equity
€1.21M ▲ 6.0%
Debt
€694k ▼ 29.1%
Debt's share of the balance-sheet total falls from 46.1% to 36.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€341k▲
2024 · €291k
Cash flow
€290k▲
2024 · €256k
Current ratio
2.55▼
2024 · 3.13
Quick ratio
2.01▼
2024 · 2.92
Debt to equity
0.57▼
2024 · 0.86
ROE
5.7%▲
2024 · 4.4%
ROA
3.6%▲
2024 · 2.4%
Interest coverage
10.04▼
2024 · 11.83
Debt ≤ 1 year
€287k▲
2024 · €253k
Debt > 1 year
€396k▼
2024 · €726k
Income taxes
€25k▲
2024 · €16k
Staff costs
€117k▼
2024 · €173k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.12M€1.91M▼
Fixed assets21/28€1.33M€1.17M▼
Intangible fixed assets21-€4k
Tangible fixed assets22/27€1.33M€1.17M▼
Land and buildings22€550k€520k▼
Plant, machinery and equipment23€647k€504k▼
Furniture and vehicles24€106k€121k▲
Other tangible fixed assets26€28k€25k▼
Current assets29/58€791k€732k▼
Stocks and contracts in progress3€54k€156k▲
Stocks30/36€54k€52k▼
Contracts in progress37€0€104k▲
Amounts receivable within one year40/41€239k€218k▼
Trade receivables40€224k€218k▼
Other amounts receivable41€14k€0▼
Current investments50/53€59k€59k=
Cash at bank and in hand54/58€431k€290k▼
Deferred charges and accrued income490/1€9k€9k▲
Equity and liabilities
Total equity and liabilities10/49€2.12M€1.91M▼
Equity10/15€1.14M€1.21M▲
Contributions10/11€200k€200k=
Reserves13€943k€1.01M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€943k€1.01M▲
Amounts payable17/49€978k€694k▼
Amounts payable after more than one year17€726k€396k▼
Financial debts170/4€726k€396k▼
Amounts payable within one year42/48€253k€287k▲
Current portion of amounts payable after more than one year42€116k€109k▼
Trade debts44€97k€145k▲
Suppliers440/4€97k€145k▲
Taxes, remuneration and social security45€40k€32k▼
Taxes450/3€22k€20k▼
Remuneration and social security454/9€18k€12k▼
Accrued charges and deferred income492/3€0€11k▲
Income statement
Code20242025
Non-recurring operating income76A€51k€413▼
Remuneration, social security and pensions62€173k€117k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€205k€221k▲
Other operating charges640/8€13k€10k▼
Gross operating margin9900€477k€468k▼
Operating profit (loss)9901€86k€120k▲
Financial income75/76B€4k€8k▲
Recurring financial income75€4k€8k▲
Financial charges65/66B€25k€34k▲
Recurring financial charges65€25k€34k▲
Profit (loss) for the period before taxes9903€66k€93k▲
Income taxes67/77€16k€25k▲
Profit (loss) for the period9904€50k€69k▲
Profit (loss) for the period to be appropriated9905€50k€69k▲
Appropriation of the result
Profit (loss) to be appropriated9906€50k€69k▲
Transfer to equity691/2€50k€69k▲
To other reserves6921€50k€69k▲
Social balance
Average headcount (FTE)90872.51.9▼
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €50k ▼65.7%
Net result drops to €50k, the lowest in the series; recovery starts the following year.
12-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €1MEq €1.09M ▲15.5%
6 profitable years in a row build equity to €1.09M.
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €227k ▲130%
Operating result €341k, net result €227k, both a record.
19-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €500kEq €522k ▲23.3%
3 profitable years in a row build equity to €522k.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zwevegem · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Blokkestraat(Z) 478550 ZwevegemGround area
3,167 m²
Building footprint
2,178 m²
Volume, LiDAR
18,488 m³
Parcel 34042A0568/00R003, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PICKAVET INDUSTRIES CONSTRUCT
since 20172.260.694.371
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042A0568/00R003 | Flanders | 3,167 m² | 1 · 2,178 m² | 9.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,014 EUR awarded · 1,014 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,014 EUR | 1,014 EUR |
Schemes
Individueel Maatwerk
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Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 1,244 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-2017
Fiscal year end30-09
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25120Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.