Le Public
ActiveSummary
Le Public has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136,202 and a net result of €119,792. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▲+10
Solvency29▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 1.64 against 1.64 in 2024; short-term debt: 47.4% and cash: 70.8% of total assets), but 95.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Eight 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 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
4.2%
Return on assets
3.7%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 234 sector peers (2025).
NBB · sector comparisonPosition among 234 sector peers
Solvency
better than 14%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €136,202
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-11-2025, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 d early
2024
121 d early
2023
97 d early
2022
114 d early
2021
119 d early
2020
117 d early
2019
115 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 108 days before the deadline; the sector median for financial year 2024 is 3 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 9 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check 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 What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#2 company by total assets in Sint-Joost-ten-Node, Arts, sports and recreation sector#7 fastest grower in the Brussels-Capital Region, Creative and performing arts sector#8 oldest company in Sint-Joost-ten-Node, Arts, sports and recreation sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€119,792▲ 1,159%
2024 · €9,515
Working capital
€975,711▼ 6.5%
2024 · €1.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts 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-€122,460€493,662€77,293▼ 84.3%€152,169▲ 96.9%€239,010▲ 57.1%
Net result-€161,410below the sector's middle half▼ 238%€405,582above the sector's middle half€5,155within the sector's middle half▼ 98.7%€9,515within the sector's middle half▲ 84.6%€119,792above the sector's middle half▲ 1,159%
Equity-€403,842below the sector's middle half▼ 66.6%€1,740below the sector's middle half€6,895below the sector's middle half▲ 296%€16,410below the sector's middle half▲ 138%€136,202within the sector's middle half▲ 730%
Total assets€3.7mabove the sector's middle half▲ 38.5%€2.4mabove the sector's middle half▼ 35.4%€2.6mabove the sector's middle half▲ 9.0%€3.4mabove the sector's middle half▲ 30.4%€3.2mabove the sector's middle half▼ 5.7%
Debt€4.1m▲ 40.9%€2.4m▼ 41.8%€2.6m▲ 8.8%€3.4m▲ 30.1%€3.0m▼ 11.7%
Working capital€1.5mabove the sector's middle half▲ 47.8%€953,509above the sector's middle half▼ 38.0%€785,260above the sector's middle half▼ 17.6%€1.0mabove the sector's middle half▲ 32.9%€975,711above the sector's middle half▼ 6.5%
Solvency-10.8%below the sector's middle half▼ 1.8pp0.1%below the sector's middle half▲ 10.9pp0.3%below the sector's middle half▲ 0.2pp0.5%below the sector's middle half▲ 0.2pp4.2%below the sector's middle half▲ 3.7pp
Current ratio1.82within the sector's middle half▲ 0.071.81within the sector's middle half▼ 0.011.55within the sector's middle half▼ 0.261.64within the sector's middle half▲ 0.091.64within the sector's middle half=
Return on assets (ROA)-4.3%below the sector's middle half▼ 2.6pp16.8%above the sector's middle half▲ 21.2pp0.2%within the sector's middle half▼ 16.6pp0.3%within the sector's middle half▲ 0.1pp3.7%within the sector's middle half▲ 3.4pp
Staff (FTE)36above the sector's middle half=37.4above the sector's middle half▲ 3.9%36.3above the sector's middle half▼ 2.9%43.3above the sector's middle half▲ 19.3%43above the sector's middle half▼ 0.7%
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 57% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets
€721,393 ▼ 3.1%
Current assets
€2.5m ▼ 6.4%
Equity and liabilities €3.2m
Equity
€136,202 ▲ 730%
Provisions
€85,000
Debt
€3.0m ▼ 11.7%
Debt's share of the balance-sheet total falls from 99.5% to 93.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€402,321▲
2024 · €295,338
Cash flow
€283,103▲
2024 · €152,684
Quick ratio
1.62▼
2024 · 1.62
Debt to equity
22.08
ROE
88.0%▲
2024 · 58.0%
Interest coverage
2.63▲
2024 · 1.88
Debt ≤ 1 year
€1.5m▼
2024 · €1.6m
Debt > 1 year
€359,809▼
2024 · €435,102
Income taxes
-€6,154▼
2024 · €6,554
Staff costs
€2.6m▲
2024 · €2.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,216 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
2.5%
stopped otherwise
96%
still going
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,216 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 | - | €573,590 | €29,855 | €20,204 | €20,204 | = |
| Remuneration, social security and pensions62 | - | €2.1m | €1.9m | €2.5m | €2.6m | ▲ 5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €130,865 | €72,512 | €86,709 | €143,169 | €163,311 | ▲ 14.1% |
| Other operating charges640/8 | - | €27,324 | €30,804 | €33,216 | €42,750 | ▲ 28.7% |
| Non-recurring operating charges66A | - | €131,973 | €1,215 | €576 | €269,128 | ▲ 46,642% |
| Gross operating margin9900 | €1.0m | €2.8m | €2.1m | €2.8m | €3.3m | ▲ 18.6% |
| Operating profit (loss)9901 | -€122,460 | €493,662 | €77,293 | €152,169 | €239,010 | ▲ 57.1% |
| Financial income75/76B | - | €12 | €10 | €21,295 | €27,778 | ▲ 30.4% |
| Recurring financial income75 | €59 | €12 | €10 | €21,295 | €27,778 | ▲ 30.4% |
| Financial charges65/66B | - | €88,092 | €72,148 | €157,396 | €153,151 | ▼ 2.7% |
| Recurring financial charges65 | €39,009 | €88,092 | €72,148 | €157,396 | €153,151 | ▼ 2.7% |
| Profit (loss) for the period before taxes9903 | -€161,410 | €405,582 | €5,155 | €16,069 | €113,637 | ▲ 607% |
| Income taxes67/77 | - | - | - | €6,554 | -€6,154 | ▼ 194% |
| Profit (loss) for the period9904 | -€161,410 | €405,582 | €5,155 | €9,515 | €119,792 | ▲ 1,159% |
| Profit (loss) for the period to be appropriated9905 | -€161,410 | €405,582 | €5,155 | €9,515 | €119,792 | ▲ 1,159% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.7m | €2.4m | €2.6m | €3.4m | €3.2m | ▼ 5.7% |
| Fixed assets21/28 | €306,692 | €277,484 | €418,283 | €744,804 | €721,393 | ▼ 3.1% |
| Intangible fixed assets21 | €7,074 | €7,822 | €5,205 | €2,587 | €876 | ▼ 66.1% |
| Tangible fixed assets22/27 | €242,730 | €212,774 | €356,191 | €687,628 | €673,632 | ▼ 2.0% |
| Plant, machinery and equipment23 | - | €103,770 | €191,568 | €539,848 | €556,516 | ▲ 3.1% |
| Furniture and vehicles24 | - | €95,051 | €83,813 | €59,290 | €40,357 | ▼ 31.9% |
| Other tangible fixed assets26 | - | €13,954 | €80,810 | €84,075 | €66,597 | ▼ 20.8% |
| Assets under construction and advance payments27 | - | - | - | €4,416 | €10,162 | ▲ 130% |
| Financial fixed assets28 | €56,888 | €56,888 | €56,888 | €54,588 | €46,885 | ▼ 14.1% |
| Current assets29/58 | €3.4m | €2.1m | €2.2m | €2.7m | €2.5m | ▼ 6.4% |
| Stocks and contracts in progress3 | €150,163 | €26,477 | €27,262 | €27,077 | €26,976 | ▼ 0.4% |
| Stocks30/36 | - | €26,477 | €27,262 | €27,077 | €26,976 | ▼ 0.4% |
| Amounts receivable within one year40/41 | €1.9m | €541,901 | €307,191 | €265,123 | €87,805 | ▼ 66.9% |
| Trade receivables40 | - | €70,952 | €93,860 | €84,049 | €54,279 | ▼ 35.4% |
| Other amounts receivable41 | - | €470,950 | €213,331 | €181,075 | €33,526 | ▼ 81.5% |
| Cash at bank and in hand54/58 | €123,191 | €1.4m | €1.7m | €2.2m | €2.3m | ▲ 2.1% |
| Deferred charges and accrued income490/1 | - | €189,818 | €160,514 | €144,863 | €105,180 | ▼ 27.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.7m | €2.4m | €2.6m | €3.4m | €3.2m | ▼ 5.7% |
| Equity10/15 | -€403,842 | €1,740 | €6,895 | €16,410 | €136,202 | ▲ 730% |
| Profit (loss) carried forward14 | -€403,842 | €1,740 | €6,895 | €16,410 | €136,202 | ▲ 730% |
| Provisions and deferred taxes16 | - | - | - | - | €85,000 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €85,000 | - |
| Other liabilities and charges164/5 | - | - | - | - | €85,000 | - |
| Amounts payable17/49 | €4.1m | €2.4m | €2.6m | €3.4m | €3.0m | ▼ 11.7% |
| Amounts payable after more than one year17 | €109,565 | €72,910 | €113,963 | €435,102 | €359,809 | ▼ 17.3% |
| Financial debts170/4 | - | €72,910 | €113,963 | €435,102 | €359,809 | ▼ 17.3% |
| Amounts payable within one year42/48 | €1.9m | €1.2m | €1.4m | €1.6m | €1.5m | ▼ 6.3% |
| Current portion of amounts payable after more than one year42 | - | €36,655 | €43,802 | €72,911 | €75,293 | ▲ 3.3% |
| Trade debts44 | €249,218 | €204,325 | €250,756 | €386,699 | €235,813 | ▼ 39.0% |
| Suppliers440/4 | - | €204,325 | €250,756 | €386,699 | €235,813 | ▼ 39.0% |
| Advances received on contracts in progress46 | - | €740,863 | €843,806 | €901,913 | €927,255 | ▲ 2.8% |
| Taxes, remuneration and social security45 | - | €190,599 | €281,503 | €268,906 | €291,534 | ▲ 8.4% |
| Taxes450/3 | - | €29,595 | €29,642 | €34,276 | €29,740 | ▼ 13.2% |
| Remuneration and social security454/9 | - | €161,004 | €251,861 | €234,630 | €261,794 | ▲ 11.6% |
| Accrued charges and deferred income492/3 | - | €1.2m | €1.1m | €1.3m | €1.1m | ▼ 16.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€161,410 | €405,582 | €5,155 | €9,515 | €119,792 | ▲ 1,159% |
| + Depreciation and write-downs630 | €130,865 | €72,512 | €86,709 | €143,169 | €163,311 | ▲ 14.1% |
| Operating cash flow (approximation) | -€30,544 | €478,094 | €91,864 | €152,684 | €283,103 | ▲ 85.4% |
| Investment in fixed assets (approximation) | - | -€43,303 | -€227,509 | -€469,689 | -€139,901 | ▲ 70.2% |
| Change in cash | - | €1.2m | €339,722 | €528,414 | €46,743 | ▼ 91.2% |
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
2025
20-11
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Equity above €100,000Eq €136,202 ▲730%
4 profitable years in a row build equity to €136,202.
2024
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Back to profitnet €405,582
Net result €405,582 after 3 loss-making years.
2021
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Weakest financial yearnet -€161,410
Net result drops to -€161,410, the lowest in the series; recovery starts the following year.
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
15-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
21-10
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 9 acts read
About the unread acts
We know of 9 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
9 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, Sint-Joost-ten-Node · 1 establishment unit since 1994
Ground area
442 m²
Building footprint
442 m²
Volume, LiDAR
5,529 m³
Parcel 21572B0070/00L017, Brussels · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Le Public
since 19942.155.732.255
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21572B0070/00L017indicative | Brussels | 442 m² | 1 · 442 m² | 15.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Wallonia-Brussels Federation
2021 to 2025 · 19 entries · 8,237,917 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 5 | 2,687,624 EUR |
| 2024 | 5 | 2,603,102 EUR |
| 2023 | 6 | 2,414,189 EUR |
| 2021 | 3 | 533,002 EUR |
Budget allocations
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Joost-ten-Node2.155.732.255
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Of 368 companies in sector 90311 we hold annual accounts for 156. 104 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded09-05-1994
Fiscal year end30-06
Activities, NACEBEL 2025
90202Performing arts by artistic ensembles
90311Arts creation and performing arts activities
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452893889
Also
9925:BE0452893889
Registered
27-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.