FOLIO PUB
ActiveSummary
FOLIO PUB has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €225,811 and a net result of €60,828. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 46% of 7081 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+4
Solvency74▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 2.13 against 2.01 in 2024; short-term debt: 37.1% and cash: 52.3% of total assets), but 50.6% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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
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
49.4%
Return on assets
13.3%
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 20-08-2026, 20 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
20 d late
2024
8 d late
2023
33 d early
2022
5 d early
2021
25 d late
2020
2 d late
2019
32 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 2 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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
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Financials · fiscal year 2025, micro schema
Equity
€225,811▲ 15.8%
2024 · €194,983
Total assets
€457,029▲ 0.6%
2024 · €454,323
Net result
€60,828▲ 32.3%
2024 · €45,981
Working capital
€191,033▲ 17.8%
2024 · €162,109
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, 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€51,744▼ 15.7%€132,886▲ 157%€14,768▼ 88.9%€56,218▲ 281%€75,631▲ 34.5%
Net result€50,219above the sector's middle half▼ 18.0%€125,115above the sector's middle half▲ 149%€12,691within the sector's middle half▼ 89.9%€45,981above the sector's middle half▲ 262%€60,828above the sector's middle half▲ 32.3%
Equity€109,110within the sector's middle half▲ 3.0%€159,225within the sector's middle half▲ 45.9%€169,002within the sector's middle half▲ 6.1%€194,983above the sector's middle half▲ 15.4%€225,811above the sector's middle half▲ 15.8%
Total assets€303,510within the sector's middle half▲ 10.0%€415,009above the sector's middle half▲ 36.7%€348,345above the sector's middle half▼ 16.1%€454,323above the sector's middle half▲ 30.4%€457,029above the sector's middle half▲ 0.6%
Debt€194,399▲ 14.4%€255,784▲ 31.6%€179,343▼ 29.9%€259,340▲ 44.6%€231,217▼ 10.8%
Working capital€92,515▼ 3.2%€144,283▲ 56.0%€141,701▼ 1.8%€162,109▲ 14.4%€191,033▲ 17.8%
Solvency35.9%within the sector's middle half▼ 2.5pp38.4%within the sector's middle half▲ 2.4pp48.5%within the sector's middle half▲ 10.1pp42.9%within the sector's middle half▼ 5.6pp49.4%within the sector's middle half▲ 6.5pp
Staff (FTE)2.7=2.8▲ 3.7%2.8=2.8=2.8=
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 35% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €457,029
Fixed assets
€96,590 ▼ 26.8%
Current assets
€360,438 ▲ 11.8%
Equity and liabilities €457,029
Equity
€225,811 ▲ 15.8%
Debt
€231,217 ▼ 10.8%
Debt's share of the balance-sheet total falls from 57.1% to 50.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€115,819▲
2024 · €94,169
Cash flow
€101,017▲
2024 · €83,932
Current ratio
2.13▲
2024 · 2.01
Quick ratio
2.10▲
2024 · 1.98
Debt to equity
1.02▼
2024 · 1.33
ROE
26.9%▲
2024 · 23.6%
ROA
13.3%▲
2024 · 10.1%
Interest coverage
19.99▲
2024 · 16.33
Debt ≤ 1 year
€169,405▲
2024 · €160,289
Debt > 1 year
€61,747▼
2024 · €95,505
Income taxes
€10,537▲
2024 · €5,775
Staff costs
€133,961▲
2024 · €129,537
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
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 497,058 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 31,324 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €100 | - |
| Remuneration, social security and pensions62 | €92,168 | €114,151 | €123,352 | €129,537 | €133,961 | ▲ 3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,192 | €19,401 | €26,847 | €37,951 | €40,188 | ▲ 5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€3,306 | €1,008 | €1,280 | -€1,910 | - | - |
| Other operating charges640/8 | €5,016 | €3,648 | €3,245 | €4,643 | €1,711 | ▼ 63.1% |
| Non-recurring operating charges66A | - | €3,468 | - | - | - | - |
| Gross operating margin9900 | €163,815 | €274,562 | €169,492 | €226,439 | €251,491 | ▲ 11.1% |
| Operating profit (loss)9901 | €51,744 | €132,886 | €14,768 | €56,218 | €75,631 | ▲ 34.5% |
| Financial income75/76B | €653 | €1,740 | €3,781 | €1,306 | €1,527 | ▲ 17.0% |
| Recurring financial income75 | €653 | €1,740 | €3,781 | €1,306 | €1,527 | ▲ 17.0% |
| Financial charges65/66B | €2,178 | €2,512 | €2,995 | €5,767 | €5,793 | ▲ 0.5% |
| Recurring financial charges65 | €2,178 | €2,512 | €2,995 | €5,767 | €5,793 | ▲ 0.5% |
| Profit (loss) for the period before taxes9903 | €50,219 | €132,115 | €15,555 | €51,756 | €71,365 | ▲ 37.9% |
| Income taxes67/77 | - | €7,000 | €2,863 | €5,775 | €10,537 | ▲ 82.5% |
| Profit (loss) for the period9904 | €50,219 | €125,115 | €12,691 | €45,981 | €60,828 | ▲ 32.3% |
| Transfer from tax-exempt reserves789 | - | €15,904 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €50,219 | €141,018 | €12,691 | €45,981 | €60,828 | ▲ 32.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €303,510 | €415,009 | €348,345 | €454,323 | €457,029 | ▲ 0.6% |
| Fixed assets21/28 | €69,832 | €51,277 | €84,276 | €131,925 | €96,590 | ▼ 26.8% |
| Intangible fixed assets21 | €6,415 | €3,509 | €603 | - | - | - |
| Tangible fixed assets22/27 | €62,799 | €47,150 | €83,055 | €131,307 | €95,972 | ▼ 26.9% |
| Plant, machinery and equipment23 | €55,500 | €41,424 | €45,709 | €29,150 | €10,985 | ▼ 62.3% |
| Furniture and vehicles24 | €7,299 | €5,726 | €37,346 | €27,623 | €22,827 | ▼ 17.4% |
| Leasing and similar rights25 | - | - | - | €74,534 | €62,160 | ▼ 16.6% |
| Financial fixed assets28 | €618 | €618 | €618 | €618 | €618 | = |
| Current assets29/58 | €233,677 | €363,732 | €264,069 | €322,398 | €360,438 | ▲ 11.8% |
| Stocks and contracts in progress3 | €29,399 | €6,763 | €5,841 | €4,352 | €4,656 | ▲ 7.0% |
| Stocks30/36 | €29,399 | €6,763 | €5,841 | €4,352 | €4,656 | ▲ 7.0% |
| Amounts receivable within one year40/41 | €24,619 | €79,583 | €74,233 | €109,248 | €103,369 | ▼ 5.4% |
| Trade receivables40 | €21,239 | €74,583 | €57,072 | €100,508 | €103,369 | ▲ 2.8% |
| Other amounts receivable41 | €3,379 | €5,000 | €17,161 | €8,740 | - | - |
| Cash at bank and in hand54/58 | €172,639 | €273,551 | €179,438 | €197,429 | €238,901 | ▲ 21.0% |
| Deferred charges and accrued income490/1 | €7,021 | €3,835 | €4,557 | €11,368 | €13,512 | ▲ 18.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €303,510 | €415,009 | €348,345 | €454,323 | €457,029 | ▲ 0.6% |
| Equity10/15 | €109,110 | €159,225 | €169,002 | €194,983 | €225,811 | ▲ 15.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €87,596 | €137,711 | €150,402 | €176,383 | €207,211 | ▲ 17.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | €15,904 | - | - | - | - | - |
| Distributable reserves133 | €69,832 | €135,851 | €150,402 | €176,383 | €207,211 | ▲ 17.5% |
| Investment grants15 | €2,914 | €2,914 | - | - | - | - |
| Amounts payable17/49 | €194,399 | €255,784 | €179,343 | €259,340 | €231,217 | ▼ 10.8% |
| Amounts payable after more than one year17 | €47,919 | €36,136 | €56,950 | €95,505 | €61,747 | ▼ 35.3% |
| Financial debts170/4 | €47,919 | €36,136 | €56,950 | €95,505 | €61,747 | ▼ 35.3% |
| Amounts payable within one year42/48 | €141,162 | €219,449 | €122,368 | €160,289 | €169,405 | ▲ 5.7% |
| Current portion of amounts payable after more than one year42 | €11,654 | €11,783 | €24,155 | €34,918 | €33,758 | ▼ 3.3% |
| Trade debts44 | €72,642 | €120,235 | €84,416 | €86,325 | €87,724 | ▲ 1.6% |
| Suppliers440/4 | €72,642 | €120,235 | €84,416 | €86,325 | €87,724 | ▲ 1.6% |
| Taxes, remuneration and social security45 | €6,866 | €12,431 | €13,798 | €19,047 | €17,923 | ▼ 5.9% |
| Taxes450/3 | - | €403 | €1,114 | €4,872 | €3,620 | ▼ 25.7% |
| Remuneration and social security454/9 | €6,866 | €12,027 | €12,684 | €14,175 | €14,303 | ▲ 0.9% |
| Other amounts payable47/48 | €50,000 | €75,000 | - | €20,000 | €30,000 | ▲ 50.0% |
| Accrued charges and deferred income492/3 | €5,318 | €199 | €25 | €3,546 | €65 | ▼ 98.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,219 | €125,115 | €12,691 | €45,981 | €60,828 | ▲ 32.3% |
| + Depreciation and write-downs630 | €18,192 | €19,401 | €26,847 | €37,951 | €40,188 | ▲ 5.9% |
| Operating cash flow (approximation) | €68,412 | €144,515 | €39,538 | €83,932 | €101,017 | ▲ 20.4% |
| Investment in fixed assets (approximation) | - | -€845 | -€59,847 | -€85,600 | -€4,853 | ▲ 94.3% |
| Change in cash | - | €100,912 | -€94,113 | €17,992 | €41,472 | ▲ 131% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Equity above €200,000Eq €225,811 ▲15.8%
7 profitable years in a row build equity to €225,811.
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €125,115 ▲149%
Operating result €132,886, net result €125,115, both a record.
31-12
Financial
Equity above €150,000Eq €159,225 ▲45.9%
4 profitable years in a row build equity to €159,225.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
31-12
Financial
Equity above €100,000Eq €105,977 ▲11.9%
2 profitable years in a row build equity to €105,977.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €15,772
Net result €15,772 after one loss-making year.
Show earlier events
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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.
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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, Estaimpuis · 1 establishment unit since 2004
Ground area
7,364 m²
Building footprint
1,424 m²
Volume, LiDAR
6,359 m³
Parcel 57028A0344/00M000, Wallonia · tallest building 5.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FOLIO PUB
since 20042.137.162.693
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57028A0344/00M000 | Wallonia | 7,364 m² | 1 · 1,424 m² | 5.2 m · 2 fl. |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- FIVE PRINTING
- FOLIO PUB
Highest known parent: FIVE PRINTING. The sources do not say who stands above it.
Owners 1
- FIVE PRINTINGparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 808 companies in sector 73120 we hold annual accounts for 281. 216 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
Founded06-05-2004
Fiscal year end31-12
Activities, NACEBEL 2025
32990Other manufacturing not elsewhere classified
73120Media representation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0865151017
Registered
29-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.