BELPUB
ActiveSummary
BELPUB has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108,539 and a net result of €1,934. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▲+4
Solvency37=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.34 in 2024; short-term debt: 33% and cash: 12.5% of total assets), and 87.6% of the assets are financed with debt.
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Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
12.4%
Return on assets
0.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
22 d late
2023
57 d late
2022
28 d early
2021
61 d late
2020
16 d late
2019
95 d late
← 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 36 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€108,539▲ 1.8%
2024 · €106,605
Total assets
€876,042▼ 5.0%
2024 · €921,911
Net result
€1,934▼ 16.9%
2024 · €2,329
Working capital
€78,059▼ 16.8%
2024 · €93,835
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,545▲ 92.9%€69,357▲ 255%€30,752▼ 55.7%€30,251▼ 1.6%€25,777▼ 14.8%
Net result€1,140below the sector's middle half▲ 113%€48,097within the sector's middle half▲ 4,120%€3,394below the sector's middle half▼ 92.9%€2,329below the sector's middle half▼ 31.4%€1,934within the sector's middle half▼ 16.9%
Equity€52,786below the sector's middle half▲ 2.2%€100,883below the sector's middle half▲ 91.1%€104,277below the sector's middle half▲ 3.4%€106,605below the sector's middle half▲ 2.2%€108,539within the sector's middle half▲ 1.8%
Total assets€1.0mwithin the sector's middle half▲ 2.3%€1.0mwithin the sector's middle half▼ 3.2%€991,167within the sector's middle half▼ 1.5%€921,911within the sector's middle half▼ 7.0%€876,042above the sector's middle half▼ 5.0%
Debt€987,435▲ 2.3%€905,740▼ 8.3%€886,890▼ 2.1%€815,306▼ 8.1%€767,502▼ 5.9%
Working capital€144,737within the sector's middle half▼ 27.1%€155,083within the sector's middle half▲ 7.1%€122,911within the sector's middle half▼ 20.7%€93,835within the sector's middle half▼ 23.7%€78,059within the sector's middle half▼ 16.8%
Solvency5.1%below the sector's middle half=10.0%below the sector's middle half▲ 4.9pp10.5%below the sector's middle half▲ 0.5pp11.6%below the sector's middle half▲ 1.0pp12.4%within the sector's middle half▲ 0.8pp
Current ratio1.65within the sector's middle half▼ 0.451.70within the sector's middle half▲ 0.051.44within the sector's middle half▼ 0.261.34within the sector's middle half▼ 0.101.27within the sector's middle half▼ 0.07
Return on assets (ROA)0.1%below the sector's middle half▲ 0.1pp4.8%within the sector's middle half▲ 4.7pp0.3%below the sector's middle half▼ 4.4pp0.3%below the sector's middle half▼ 0.1pp0.2%within the sector's middle half=
Staff (FTE)1.8within the sector's middle half▲ 125%1.8within the sector's middle half=0.8below the sector's middle half▼ 55.6%0.8below the sector's middle half=1▲ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 three years in a row; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €876,042
Fixed assets
€508,686 ▼ 7.3%
Current assets
€367,356 ▼ 1.5%
Equity and liabilities €876,042
Equity
€108,539 ▲ 1.8%
Debt
€767,502 ▼ 5.9%
Debt's share of the balance-sheet total falls from 88.4% to 87.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€66,105▼
2024 · €70,747
Cash flow
€42,262▼
2024 · €42,825
Quick ratio
0.72▼
2024 · 0.73
Debt to equity
7.07▼
2024 · 7.65
ROE
1.8%▼
2024 · 2.2%
Interest coverage
3.31▲
2024 · 2.84
Debt ≤ 1 year
€289,297▲
2024 · €279,063
Debt > 1 year
€472,707▼
2024 · €530,867
Income taxes
€4,871▲
2024 · €4,239
Staff costs
€20,742▲
2024 · €13,650
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,980 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 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% | 1.7% |
| 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 75% 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 3,980 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 | €67,875 | €67,572 | €38,649 | €13,650 | €20,742 | ▲ 52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,781 | €47,910 | €40,781 | €40,496 | €40,328 | ▼ 0.4% |
| Other operating charges640/8 | €6,570 | €11,409 | €11,387 | €6,545 | €4,879 | ▼ 25.4% |
| Gross operating margin9900 | €147,771 | €196,248 | €121,569 | €90,942 | €91,727 | ▲ 0.9% |
| Operating profit (loss)9901 | €19,545 | €69,357 | €30,752 | €30,251 | €25,777 | ▼ 14.8% |
| Financial income75/76B | €3,743 | €947 | €775 | €1,259 | €992 | ▼ 21.2% |
| Recurring financial income75 | €3,743 | €947 | €775 | €1,259 | €992 | ▼ 21.2% |
| Financial charges65/66B | €22,148 | €19,077 | €23,625 | €24,943 | €19,964 | ▼ 20.0% |
| Recurring financial charges65 | €22,148 | €19,077 | €23,625 | €24,943 | €19,964 | ▼ 20.0% |
| Profit (loss) for the period before taxes9903 | €1,140 | €51,227 | €7,903 | €6,567 | €6,805 | ▲ 3.6% |
| Income taxes67/77 | - | €3,130 | €4,509 | €4,239 | €4,871 | ▲ 14.9% |
| Profit (loss) for the period9904 | €1,140 | €48,097 | €3,394 | €2,329 | €1,934 | ▼ 16.9% |
| Profit (loss) for the period to be appropriated9905 | €1,140 | €48,097 | €3,394 | €2,329 | €1,934 | ▼ 16.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.0m | €991,167 | €921,911 | €876,042 | ▼ 5.0% |
| Fixed assets21/28 | €672,859 | €630,291 | €589,510 | €549,014 | €508,686 | ▼ 7.3% |
| Tangible fixed assets22/27 | €671,306 | €628,738 | €587,958 | €547,462 | €507,133 | ▼ 7.4% |
| Land and buildings22 | €614,079 | €588,645 | €560,642 | €532,638 | €504,635 | ▼ 5.3% |
| Plant, machinery and equipment23 | €9,110 | €285 | €0 | - | - | - |
| Furniture and vehicles24 | €48,117 | €39,808 | €27,316 | €14,823 | €2,499 | ▼ 83.1% |
| Financial fixed assets28 | €1,553 | €1,553 | €1,553 | €1,553 | €1,553 | = |
| Current assets29/58 | €367,363 | €376,333 | €401,657 | €372,897 | €367,356 | ▼ 1.5% |
| Amounts receivable after more than one year29 | €20,000 | €20,000 | €0 | - | - | - |
| Trade receivables290 | €20,000 | €20,000 | €0 | - | - | - |
| Stocks and contracts in progress3 | €206,500 | €206,500 | €200,500 | €168,500 | €160,500 | ▼ 4.7% |
| Stocks30/36 | €199,500 | €200,000 | €196,500 | €165,000 | €160,500 | ▼ 2.7% |
| Contracts in progress37 | €7,000 | €6,500 | €4,000 | €3,500 | - | - |
| Amounts receivable within one year40/41 | €94,973 | €103,334 | €110,396 | €133,663 | €96,470 | ▼ 27.8% |
| Trade receivables40 | €33,395 | €47,508 | €32,179 | €37,176 | €4,641 | ▼ 87.5% |
| Other amounts receivable41 | €61,578 | €55,825 | €78,216 | €96,487 | €91,829 | ▼ 4.8% |
| Cash at bank and in hand54/58 | €44,498 | €45,109 | €90,667 | €69,642 | €109,417 | ▲ 57.1% |
| Deferred charges and accrued income490/1 | €1,392 | €1,390 | €95 | €1,092 | €969 | ▼ 11.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.0m | €991,167 | €921,911 | €876,042 | ▼ 5.0% |
| Equity10/15 | €52,786 | €100,883 | €104,277 | €106,605 | €108,539 | ▲ 1.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €34,194 | €82,291 | €85,685 | €88,013 | €89,947 | ▲ 2.2% |
| Non-distributable reserves130/1 | €1,859 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | - | - | - | - | - |
| Distributable reserves133 | €32,335 | €82,291 | €85,685 | €88,013 | €89,947 | ▲ 2.2% |
| Amounts payable17/49 | €987,435 | €905,740 | €886,890 | €815,306 | €767,502 | ▼ 5.9% |
| Amounts payable after more than one year17 | €759,745 | €678,974 | €602,874 | €530,867 | €472,707 | ▼ 11.0% |
| Financial debts170/4 | €759,745 | €678,974 | €602,874 | €530,867 | €472,707 | ▼ 11.0% |
| Amounts payable within one year42/48 | €222,626 | €221,250 | €278,746 | €279,063 | €289,297 | ▲ 3.7% |
| Current portion of amounts payable after more than one year42 | €79,221 | €80,771 | €76,100 | €72,007 | €58,160 | ▼ 19.2% |
| Financial debts43 | €125,000 | €125,000 | €175,000 | €175,000 | €175,000 | = |
| Credit institutions430/8 | €125,000 | €125,000 | €175,000 | €175,000 | €175,000 | = |
| Trade debts44 | €4,890 | - | - | - | €16,156 | - |
| Suppliers440/4 | €4,890 | - | - | - | €16,156 | - |
| Taxes, remuneration and social security45 | €12,387 | €12,793 | €25,189 | €21,192 | €16,939 | ▼ 20.1% |
| Taxes450/3 | €12,387 | €12,793 | €24,088 | €20,091 | €13,656 | ▼ 32.0% |
| Remuneration and social security454/9 | - | - | €1,101 | €1,101 | €3,284 | ▲ 198% |
| Other amounts payable47/48 | €1,127 | €2,686 | €2,457 | €10,863 | €23,042 | ▲ 112% |
| Accrued charges and deferred income492/3 | €5,065 | €5,516 | €5,270 | €5,376 | €5,497 | ▲ 2.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,140 | €48,097 | €3,394 | €2,329 | €1,934 | ▼ 16.9% |
| + Depreciation and write-downs630 | €53,781 | €47,910 | €40,781 | €40,496 | €40,328 | ▼ 0.4% |
| Operating cash flow (approximation) | €54,921 | €96,007 | €44,174 | €42,825 | €42,262 | ▼ 1.3% |
| Investment in fixed assets (approximation) | - | -€5,342 | €0 | €0 | €0 | - |
| Change in cash | - | €611 | €45,558 | -€21,024 | €39,774 | ▲ 289% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 57 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €48,097 ▲4,120%
Operating result €69,357, net result €48,097, both a record.
31-12
Financial
Equity above €100,000Eq €100,883 ▲91.1%
5 profitable years in a row build equity to €100,883.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 95 days late
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Roeselare · 1 establishment unit since 1985
Ground area
1.1 ha
Building footprint
57 m²
Parcel 36017A1498/00A000, Flanders. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Armoedestraat 11, 8800 Roeselare
since 19852.027.556.752
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017A1498/00A000 | Flanders | 1.1 ha | 1 · 57 m² | 0.0 m |
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.
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LIBRAIRIE LA DETENTE
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Of 2,342 companies in sector 47621 we hold annual accounts for 1,246. 1,087 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
Founded13-08-1985
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
47621Retail sale of newspapers and periodicals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427559370
Also
9925:BE0427559370
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.