PUBLIBURO
ActiveSummary
PUBLIBURO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40k and a net result of €31k. Equity is growing by ~42.9% per year across the filed fiscal years. Its solvency ranks better than 22% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-4
Solvency41▲+11
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.49 in 2024; short-term debt: 63.4% and cash: 19% of total assets), and 83.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
16.1%
Return on assets
12.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 7058 sector peers (2025).
NBB · sector comparisonPosition among 7058 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
31 d early
2023
14 d early
2022
25 d late
2021
23 d early
2020
43 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€40k▲ 336%
2024 · €9k
2018: €-205klowest in 8 years
2019: €-188k▲ +8.7% vs 2018
2020: €-166k▲ +11.5% vs 2019
2021: €-114k▲ +31.4% vs 2020
2022: €-60k▲ +47.1% vs 2021
2023: €-21k▲ +65.2% vs 2022
2024: €9k▲ +144% vs 2023
2025: €40k▲ +336% vs 2024highest in 8 years
2018 → 2025
Total assets
€248k▲ 27.2%
2024 · €195k
2018: €155k
2019: €219k▲ +40.9% vs 2018
2020: €180k▼ -17.5% vs 2019
2021: €111k▼ -38.6% vs 2020lowest in 8 years
2022: €200k▲ +80.3% vs 2021
2023: €225k▲ +12.7% vs 2022
2024: €195k▼ -13.5% vs 2023
2025: €248k▲ +27.2% vs 2024highest in 8 years
2018 → 2025
Net result
€31k▲ 1.9%
2024 · €30k
2018: €33k
2019: €18k▼ -46.9% vs 2018lowest in 8 years
2020: €22k▲ +21.0% vs 2019
2021: €52k▲ +143% vs 2020
2022: €54k▲ +2.8% vs 2021highest in 8 years
2023: €39k▼ -26.8% vs 2022
2024: €30k▼ -23.3% vs 2023
2025: €31k▲ +1.9% vs 2024
2018 → 2025
Working capital
€22k▼ 54.9%
2024 · €50k
2018: €-100klowest in 8 years
2019: €-91k▲ +9.0% vs 2018
2020: €-79k▲ +13.1% vs 2019
2021: €-24k▲ +70.0% vs 2020
2022: €20k▲ +186% vs 2021
2023: €39k▲ +91.9% vs 2022
2024: €50k▲ +26.6% vs 2023highest in 8 years
2025: €22k▼ -54.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-114k-€-60k▲ 47.1%€-21k▲ 65.2%€9k€40k▲ 336%
2021: €-114klowest in 5 years
2022: €-60k▲ +47.1% vs 2021
2023: €-21k▲ +65.2% vs 2022
2024: €9k▲ +144% vs 2023
2025: €40k▲ +336% vs 2024highest in 5 years
Operating result€57k-€55k▼ 3.9%€41k▼ 24.9%€34k▼ 18.2%€43k▲ 25.3%
2021: €57khighest in 5 years
2022: €55k▼ -3.9% vs 2021
2023: €41k▼ -24.9% vs 2022
2024: €34k▼ -18.2% vs 2023lowest in 5 years
2025: €43k▲ +25.3% vs 2024
Net result€52k-€54k▲ 2.8%€39k▼ 26.8%€30k▼ 23.3%€31k▲ 1.9%
2021: €52k
2022: €54k▲ +2.8% vs 2021highest in 5 years
2023: €39k▼ -26.8% vs 2022
2024: €30k▼ -23.3% vs 2023lowest in 5 years
2025: €31k▲ +1.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 25% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €248k
Fixed assets
€68k ▲ 54.7%
Current assets
€179k ▲ 19.2%
Equity and liabilities €248k
Equity
€40k ▲ 336%
Debt
€208k ▲ 12.0%
Debt's share of the balance-sheet total falls from 95.3% to 83.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€60k▲
2024 · €51k
Cash flow
€49k▲
2024 · €48k
Current ratio
1.14▼
2024 · 1.49
Quick ratio
0.99▼
2024 · 1.22
Debt to equity
5.21▼
2024 · 20.28
ROE
77.1%▼
2024 · 329.4%
ROA
12.4%▼
2024 · 15.5%
Interest coverage
48.61▲
2024 · 28.80
Debt ≤ 1 year
€157k▲
2024 · €101k
Debt > 1 year
€51k▼
2024 · €85k
Income taxes
€11k▲
2024 · €2k
Staff costs
€224k▲
2024 · €191k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€195k€248k▲
Fixed assets21/28€44k€68k▲
Tangible fixed assets22/27€43k€67k▲
Land and buildings22€5k€36k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€35k€29k▼
Financial fixed assets28€1k€1k=
Current assets29/58€151k€179k▲
Stocks and contracts in progress3€28k€24k▼
Stocks30/36€28k€24k▼
Amounts receivable within one year40/41€88k€103k▲
Trade receivables40€88k€102k▲
Other amounts receivable41€310€59▼
Cash at bank and in hand54/58€31k€47k▲
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€195k€248k▲
Equity10/15€9k€40k▲
Contributions10/11€20k€20k=
Reserves13€2k€20k▲
Distributable reserves133€2k€20k▲
Profit (loss) carried forward14€-13k€0▲
Amounts payable17/49€185k€208k▲
Amounts payable after more than one year17€85k€51k▼
Financial debts170/4€17k€9k▼
Other amounts payable178/9€68k€42k▼
Amounts payable within one year42/48€101k€157k▲
Current portion of amounts payable after more than one year42€7k€8k▲
Trade debts44€47k€74k▲
Suppliers440/4€47k€74k▲
Taxes, remuneration and social security45€45k€72k▲
Taxes450/3€34k€46k▲
Remuneration and social security454/9€11k€26k▲
Other amounts payable47/48€2k€4k▲
Income statement
Code20242025
Remuneration, social security and pensions62€191k€224k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€18k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€244k€287k▲
Operating profit (loss)9901€34k€43k▲
Financial income75/76B€27€35▲
Recurring financial income75€27€35▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€32k€41k▲
Income taxes67/77€2k€11k▲
Profit (loss) for the period9904€30k€31k▲
Profit (loss) for the period to be appropriated9905€30k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€18k▲
Profit (loss) brought forward from the previous period14P€-43k€-13k▲
Transfer to equity691/2-€18k
To other reserves6921-€18k
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €7k | €0 | - | - | - |
| Remuneration, social security and pensions62 | €90k | €119k | €157k | €191k | €224k | ▲ 17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €7k | €17k | €17k | €18k | ▲ 2.6% |
| Other operating charges640/8 | €1k | €4k | €2k | €2k | €2k | ▲ 14.8% |
| Gross operating margin9900 | €164k | €185k | €217k | €244k | €287k | ▲ 17.3% |
| Operating profit (loss)9901 | €57k | €55k | €41k | €34k | €43k | ▲ 25.3% |
| Financial income75/76B | €260 | €89 | €202 | €27 | €35 | ▲ 27.0% |
| Recurring financial income75 | €260 | €89 | €202 | €27 | €35 | ▲ 27.0% |
| Financial charges65/66B | €1k | €1k | €2k | €2k | €1k | ▼ 30.3% |
| Recurring financial charges65 | €1k | €1k | €2k | €2k | €1k | ▼ 30.3% |
| Profit (loss) for the period before taxes9903 | €57k | €54k | €40k | €32k | €41k | ▲ 28.4% |
| Income taxes67/77 | €4k | €321 | €356 | €2k | €11k | ▲ 412% |
| Profit (loss) for the period9904 | €52k | €54k | €39k | €30k | €31k | ▲ 1.9% |
| Profit (loss) for the period to be appropriated9905 | €52k | €54k | €39k | €30k | €31k | ▲ 1.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €111k | €200k | €225k | €195k | €248k | ▲ 27.2% |
| Fixed assets21/28 | €23k | €61k | €48k | €44k | €68k | ▲ 54.7% |
| Tangible fixed assets22/27 | €21k | €59k | €47k | €43k | €67k | ▲ 56.3% |
| Land and buildings22 | €3k | €7k | €5k | €5k | €36k | ▲ 676% |
| Plant, machinery and equipment23 | €5k | €6k | €3k | €3k | €2k | ▼ 38.4% |
| Furniture and vehicles24 | €14k | €47k | €38k | €35k | €29k | ▼ 16.9% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €88k | €139k | €177k | €151k | €179k | ▲ 19.2% |
| Stocks and contracts in progress3 | €19k | €18k | €16k | €28k | €24k | ▼ 13.4% |
| Stocks30/36 | €19k | €18k | €16k | €28k | €24k | ▼ 13.4% |
| Amounts receivable within one year40/41 | €61k | €110k | €148k | €88k | €103k | ▲ 16.4% |
| Trade receivables40 | €58k | €110k | €148k | €88k | €102k | ▲ 16.8% |
| Other amounts receivable41 | €2k | €0 | €100 | €310 | €59 | ▼ 81.1% |
| Cash at bank and in hand54/58 | €4k | €5k | €7k | €31k | €47k | ▲ 53.7% |
| Deferred charges and accrued income490/1 | €4k | €6k | €6k | €4k | €6k | ▲ 41.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €111k | €200k | €225k | €195k | €248k | ▲ 27.2% |
| Equity10/15 | €-114k | €-60k | €-21k | €9k | €40k | ▲ 336% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €20k | ▲ 892% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €20k | ▲ 892% |
| Profit (loss) carried forward14 | €-136k | €-82k | €-43k | €-13k | €0 | ▲ 100% |
| Amounts payable17/49 | €225k | €260k | €246k | €185k | €208k | ▲ 12.0% |
| Amounts payable after more than one year17 | €113k | €141k | €108k | €85k | €51k | ▼ 40.0% |
| Financial debts170/4 | €3k | €31k | €24k | €17k | €9k | ▼ 46.5% |
| Other amounts payable178/9 | €110k | €110k | €84k | €68k | €42k | ▼ 38.4% |
| Amounts payable within one year42/48 | €112k | €118k | €138k | €101k | €157k | ▲ 55.6% |
| Current portion of amounts payable after more than one year42 | €8k | €10k | €7k | €7k | €8k | ▲ 3.7% |
| Trade debts44 | €26k | €74k | €88k | €47k | €74k | ▲ 58.3% |
| Suppliers440/4 | €26k | €74k | €88k | €47k | €74k | ▲ 58.3% |
| Taxes, remuneration and social security45 | €39k | €34k | €41k | €45k | €72k | ▲ 61.3% |
| Taxes450/3 | €31k | €24k | €31k | €34k | €46k | ▲ 38.5% |
| Remuneration and social security454/9 | €8k | €11k | €11k | €11k | €26k | ▲ 130% |
| Other amounts payable47/48 | €39k | €11 | €1k | €2k | €4k | ▲ 59.9% |
| Accrued charges and deferred income492/3 | - | €29 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52k | €54k | €39k | €30k | €31k | ▲ 1.9% |
| + Depreciation and write-downs630 | €15k | €7k | €17k | €17k | €18k | ▲ 2.6% |
| Operating cash flow (approximation) | €67k | €60k | €56k | €48k | €49k | ▲ 2.2% |
| Investment in fixed assets (approximation) | - | €-45k | €-4k | €-14k | €-42k | ▼ 210% |
| Change in cash | - | €1k | €2k | €23k | €16k | ▼ 29.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Highest result since 2018net €54k ▲2.8%
Net result €54k, the highest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €18k ▼46.9%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Ninove · 2 establishment units since 2008
Ground area
2,735 m²
Building footprint
161 m²
2 parcels, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Désiré De Bodtkaai 10, 9400 Ninove
since 20082.173.449.207
PUBLIBURO
since 20232.339.981.478
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41038B0637/00E000 | Flanders | 2,532 m² | 1 · 161 m² | - |
| 41362B1218/00Z004 | Flanders | 203 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2023 to 2025 · 4 entries · 33,359 EUR awarded · 33,359 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 9,162 EUR | 9,162 EUR |
| 2024 | 1 | 13,759 EUR | 13,759 EUR |
| 2023 | 2 | 10,438 EUR | 10,438 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,752. 2,939 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-08-2008
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
27402Manufacture of electrical equipment
46491Wholesale trade
Contact
Phone
054/32 68 42Ninove
Scores and ratios are computed by Checked and are not a credit decision.