Publipand
ActiveSummary
Publipand has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121k and a net result of €7k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 81% of 203 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 4.41 against 5.52 in 2024; short-term debt: 20.6% and cash: 39.7% of total assets), and 24% of the assets are financed with debt.
Credit advice 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Sector 13
lower
← 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
76%
Return on assets
4.3%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 29-07-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
2 d early
2023
1 d early
2022
5 d early
2021
25 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€121k▲ 5.9%
2024 · €114k
2021: €78k
2022: €91k
2023: €105k
2024: €114k
2021 → 2025
Total assets
€159k▲ 17.4%
2024 · €136k
2021: €144k
2022: €126k
2023: €146k
2024: €136k
2021 → 2025
Net result
€7k▼ 28.6%
2024 · €10k
2021: €19k
2022: €13k
2023: €14k
2024: €10k
2021 → 2025
Working capital
€112k▲ 15.1%
2024 · €97k
2021: €47k
2022: €62k
2023: €85k
2024: €97k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€78k-€91k▲ 16.1%€105k▲ 15.5%€114k▲ 9.1%€121k▲ 5.9%
Operating result€26k-€17k▼ 32.6%€19k▲ 10.3%€14k▼ 26.3%€10k▼ 31.8%
Net result€19k-€13k▼ 35.4%€14k▲ 11.9%€10k▼ 32.5%€7k▼ 28.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 32% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €159k
Fixed assets
€15k ▼ 13.8%
Current assets
€145k ▲ 21.9%
Equity and liabilities €159k
Equity
€121k ▲ 5.9%
Debt
€38k ▲ 78.1%
Debt's share of the balance-sheet total rises from 15.8% to 24.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24k▼
2024 · €28k
Cash flow
€21k▼
2024 · €23k
Current ratio
4.41▼
2024 · 5.52
Quick ratio
3.67▼
2024 · 4.49
Debt to equity
0.32▲
2024 · 0.19
ROE
5.6%▼
2024 · 8.3%
ROA
4.3%▼
2024 · 7.0%
Interest coverage
51.75▲
2024 · 32.52
Debt ≤ 1 year
€33k▲
2024 · €22k
Debt > 1 year
€6k
Income taxes
€3k▼
2024 · €4k
Staff costs
€63k▲
2024 · €47k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€136k€159k▲
Fixed assets21/28€17k€15k▼
Intangible fixed assets21€3k-
Tangible fixed assets22/27€15k€15k▲
Plant, machinery and equipment23€14k€6k▼
Furniture and vehicles24€783€9k▲
Current assets29/58€119k€145k▲
Stocks and contracts in progress3€22k€24k▲
Stocks30/36€22k€24k▲
Amounts receivable within one year40/41€31k€54k▲
Trade receivables40€27k€53k▲
Other amounts receivable41€4k€2k▼
Cash at bank and in hand54/58€62k€63k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€136k€159k▲
Equity10/15€114k€121k▲
Contributions10/11€5k€5k=
Reserves13€109k€116k▲
Non-distributable reserves130/1€500€500=
Reserves not available under the articles1311€500€500=
Distributable reserves133€109k€116k▲
Amounts payable17/49€22k€38k▲
Amounts payable after more than one year17-€6k
Financial debts170/4-€6k
Amounts payable within one year42/48€22k€33k▲
Current portion of amounts payable after more than one year42€6k€4k▼
Trade debts44€819€11k▲
Suppliers440/4€819€11k▲
Taxes, remuneration and social security45€15k€18k▲
Taxes450/3€9k€10k▲
Remuneration and social security454/9€6k€7k▲
Income statement
Code20242025
Remuneration, social security and pensions62€47k€63k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€15k▲
Other operating charges640/8€2k€978▼
Gross operating margin9900€77k€88k▲
Operating profit (loss)9901€14k€10k▼
Financial income75/76B€51€782▲
Recurring financial income75€51€782▲
Financial charges65/66B€949€465▼
Recurring financial charges65€860€465▼
Non-recurring financial charges66B€89-
Profit (loss) for the period before taxes9903€13k€10k▼
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€10k€7k▼
Profit (loss) for the period to be appropriated9905€10k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€7k▼
Transfer to equity691/2€10k€7k▼
To other reserves6921€10k€7k▼
The notes to these accounts (10 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €7k ▼28.6%
Net result drops to €7k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €105k ▲15.5%
3 profitable years in a row build equity to €105k.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro 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, Heist-op-den-Berg · 2 establishment units since 2018
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.
Paul Van Roosbroecklaan 382220 Heist-op-den-BergGround area
9,741 m²
Building footprint
5,545 m²
Volume, LiDAR
38,050 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Publipand
since 20182.278.190.597
Publipand
since 20192.294.965.758
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K0821/00S000 | Flanders | 9,177 m² | 1 · 5,436 m² | 8.7 m · 2 fl. |
| 12014K0561/00X002 | Flanders | 564 m² | 1 · 109 m² | 6.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
984500FAQ8486D150793
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TS Annio's
BE 1008.222.552
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B.U. CREATIONS
BE 0838.422.171
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PROSPORT MANAGEMENT
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PUBLI VIGNERON
BE 0872.025.743
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Of 755 companies in sector 13300 we hold annual accounts for 160. 115 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
Founded27-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
13300Finishing of textiles
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.