A PUB
ActiveSummary
A PUB has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€24,127) and a net result of -€259. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 313 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability31▼-63
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.56 against 0.64 in 2024; short-term debt: 168.5% and cash: 0.5% of total assets), and equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-68.5%
Return on assets
-0.7%
Age of the figures
9 mo
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€24,127
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
6 d early
2022
56 d early
2021
4 d early
2020
9 d early
2019
10 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 38% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#9 oldest company in Mettet, Manufacturing sector
Equity
-€24,127▼ 1.1%
2024 · -€23,868
Total assets
€35,199▼ 35.8%
2024 · €54,795
Net result
-€259
2024 · €11,051
Working capital
-€26,379▲ 7.7%
2024 · -€28,580
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€19,250-€2,322▲ 87.9%€15,470€13,295▼ 14.1%€2,890▼ 78.3%
Net result-€20,684-€3,148▲ 84.8%€12,907€11,051▼ 14.4%-€259
Equity-€44,677▼ 86.2%-€47,825▼ 7.0%-€34,918▲ 27.0%-€23,868▲ 31.6%-€24,127▼ 1.1%
Total assets€55,749▼ 10.9%€63,244▲ 13.4%€55,926▼ 11.6%€54,795▼ 2.0%€35,199▼ 35.8%
Debt€100,427▲ 16.0%€111,069▲ 10.6%€90,844▼ 18.2%€78,663▼ 13.4%€59,325▼ 24.6%
Working capital-€52,525▼ 115%-€55,042▼ 4.8%-€39,074▲ 29.0%-€28,580▲ 26.9%-€26,379▲ 7.7%
Staff (FTE)1=1=1=1=1=
Turnover and EBIT margin not published: the abbreviated or 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 78% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35,199
Fixed assets
€2,252 ▼ 52.2%
Current assets
€32,947 ▼ 34.2%
Key figures and ratios
EBITDA
€5,350▼
2024 · €19,920
Cash flow
€2,201▼
2024 · €17,676
Solvency
-68.5%▼
2024 · -43.6%
Current ratio
0.56▼
2024 · 0.64
Debt to equity
-2.46▲
2024 · -3.30
ROA
-0.7%▼
2024 · 20.2%
Interest coverage
1.64▼
2024 · 9.37
Debt ≤ 1 year
€59,325▼
2024 · €78,663
Income taxes
€210▼
2024 · €242
Staff costs
€77,507▲
2024 · €70,836
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.5%
went bankrupt
5.6%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,338 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €65,736 | €65,936 | €71,078 | €70,836 | €77,507 | ▲ 9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,923 | €2,620 | €3,062 | €6,625 | €2,460 | ▼ 62.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €4,009 | €388 | - | - | - |
| Other operating charges640/8 | €1,175 | €1,292 | €2,346 | €1,564 | €1,500 | ▼ 4.1% |
| Gross operating margin9900 | €49,584 | €71,536 | €92,344 | €92,320 | €84,358 | ▼ 8.6% |
| Operating profit (loss)9901 | -€19,250 | -€2,322 | €15,470 | €13,295 | €2,890 | ▼ 78.3% |
| Financial income75/76B | €2 | €1 | €26 | €124 | €334 | ▲ 170% |
| Recurring financial income75 | €2 | €1 | €26 | €124 | €334 | ▲ 170% |
| Financial charges65/66B | €1,267 | €827 | €2,245 | €2,126 | €3,272 | ▲ 53.9% |
| Recurring financial charges65 | €1,267 | €827 | €2,245 | €2,126 | €3,272 | ▲ 53.9% |
| Profit (loss) for the period before taxes9903 | -€20,516 | -€3,148 | €13,251 | €11,293 | -€49 | ▼ 100% |
| Income taxes67/77 | €169 | -€0 | €344 | €242 | €210 | ▼ 13.1% |
| Profit (loss) for the period9904 | -€20,684 | -€3,148 | €12,907 | €11,051 | -€259 | ▼ 102% |
| Profit (loss) for the period to be appropriated9905 | -€20,684 | -€3,148 | €12,907 | €11,051 | -€259 | ▼ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55,749 | €63,244 | €55,926 | €54,795 | €35,199 | ▼ 35.8% |
| Fixed assets21/28 | €7,847 | €7,217 | €4,155 | €4,713 | €2,252 | ▼ 52.2% |
| Tangible fixed assets22/27 | €7,672 | €7,042 | €3,980 | €4,538 | €2,077 | ▼ 54.2% |
| Plant, machinery and equipment23 | €164 | €109 | €55 | - | - | - |
| Furniture and vehicles24 | €7,508 | €6,933 | €3,925 | €4,538 | €2,077 | ▼ 54.2% |
| Financial fixed assets28 | €175 | €175 | €175 | €175 | €175 | = |
| Current assets29/58 | €47,902 | €56,026 | €51,770 | €50,083 | €32,947 | ▼ 34.2% |
| Amounts receivable within one year40/41 | €28,026 | €26,781 | €36,129 | €28,290 | €28,078 | ▼ 0.7% |
| Trade receivables40 | €24,750 | €18,394 | €31,380 | €25,689 | €24,545 | ▼ 4.5% |
| Other amounts receivable41 | €3,277 | €8,388 | €4,749 | €2,600 | €3,533 | ▲ 35.9% |
| Cash at bank and in hand54/58 | €19,876 | €26,022 | €6,258 | €13,996 | €160 | ▼ 98.9% |
| Deferred charges and accrued income490/1 | - | €3,222 | €9,383 | €7,797 | €4,709 | ▼ 39.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55,749 | €63,244 | €55,926 | €54,795 | €35,199 | ▼ 35.8% |
| Equity10/15 | -€44,677 | -€47,825 | -€34,918 | -€23,868 | -€24,127 | ▼ 1.1% |
| Contributions10/11 | €145,000 | €145,000 | €145,000 | €145,000 | €145,000 | = |
| Capital10 | €145,000 | €145,000 | €145,000 | €145,000 | €145,000 | = |
| Issued capital100 | €145,000 | €145,000 | €145,000 | €145,000 | €145,000 | = |
| Reserves13 | €224 | €224 | €224 | €224 | €224 | = |
| Non-distributable reserves130/1 | €224 | €224 | €224 | €224 | €224 | = |
| Legal reserve130 | €224 | €224 | €224 | €224 | €224 | = |
| Profit (loss) carried forward14 | -€189,902 | -€193,049 | -€180,143 | -€169,092 | -€169,351 | ▼ 0.2% |
| Amounts payable17/49 | €100,427 | €111,069 | €90,844 | €78,663 | €59,325 | ▼ 24.6% |
| Amounts payable within one year42/48 | €100,427 | €111,069 | €90,844 | €78,663 | €59,325 | ▼ 24.6% |
| Trade debts44 | €86,748 | €101,376 | €79,951 | €70,328 | €41,940 | ▼ 40.4% |
| Suppliers440/4 | €86,748 | €101,376 | €79,951 | €70,328 | €41,940 | ▼ 40.4% |
| Taxes, remuneration and social security45 | €13,618 | €9,693 | €10,893 | €8,335 | €15,581 | ▲ 86.9% |
| Taxes450/3 | €3,484 | €391 | €172 | €784 | €4,414 | ▲ 463% |
| Remuneration and social security454/9 | €10,134 | €9,302 | €10,721 | €7,551 | €11,167 | ▲ 47.9% |
| Other amounts payable47/48 | €60 | - | - | - | €1,804 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,684 | -€3,148 | €12,907 | €11,051 | -€259 | ▼ 102% |
| + Depreciation and write-downs630 | €1,923 | €2,620 | €3,062 | €6,625 | €2,460 | ▼ 62.9% |
| Operating cash flow (approximation) | -€18,762 | -€527 | €15,969 | €17,676 | €2,201 | ▼ 87.5% |
| Investment in fixed assets (approximation) | - | -€1,991 | €0 | -€7,182 | €0 | ▲ 100% |
| Change in cash | - | €6,147 | -€19,764 | €7,738 | -€13,836 | ▼ 279% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €12,907
Net result €12,907 after 2 loss-making years.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€20,684
Net result drops to -€20,684, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €27,991 ▲1,844%
Operating result €30,016, net result €27,991, both a record.
21-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €1,440
Net result €1,440 after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Mettet · 1 establishment unit since 2007
Ground area
2,899 m²
Parcel 92087I0232/00L000, Wallonia. Linked by address, not a title deed.
1 establishment unit
A PUB
since 20072.162.803.654
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92087I0232/00L000 | Wallonia | 2,899 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
IMPRIMERIE G. DONEUX ET FILS
BE 0437.184.542
Mettet
6.3 DESIGN
BE 1002.811.833
Ohey
Art CNC
BE 0769.719.744
Andenne
BOLAND
BE 0468.113.882
Namur
CELA3
BE 0500.777.940
Namur
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,597 companies in sector 18120 we hold annual accounts for 807. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded24-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
73110Advertising agencies
18130Pre-press and pre-media services
Contact
Phone
081/74 07 70Mettet
Fax
081/73 95 00Mettet
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889625404
Also
9925:BE0889625404
Registered
18-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.