PRIMEDIA
ActiveSummary
The computed 12-month bankruptcy probability of PRIMEDIA is 4.4% (elevated). The 2025 annual accounts show negative equity (-€297,578) and a net result of €17,601. Equity is shrinking by ~39% per year across the filed fiscal years. Its solvency ranks better than 12% of 687 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 3 administrative register entries (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+29
Solvency0=
Growth58=
Track record76
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.54 against 1.37 in 2024; short-term debt: 59.2% and cash: 25.2% of total assets), but equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Nine 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-108.4%
Return on assets
6.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 687 sector peers (2025).
NBB · sector comparisonPosition among 687 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 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
56 d late
2024
85 d late
2023
292 d late
2022
30 d late
2021
232 d late
2020
89 d late
2019
118 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 129 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
3 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
UBO non-complianceAddress struckAddress strikeout annulled
Checked, nothing found (1)
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 24 October (4 of the last 5 filed years within 147 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€17,601▲ 799%
2024 · €1,958
Working capital
€87,456▲ 27.0%
2024 · €68,855
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 58, Publishing 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-€161,172▼ 2,193%-€148,547▲ 7.8%-€83,419▲ 43.8%€8,481€24,605▲ 190%
Net result-€192,236below the sector's middle half▼ 974%-€156,876below the sector's middle half▲ 18.4%-€78,107below the sector's middle half▲ 50.2%€1,958within the sector's middle half€17,601within the sector's middle half▲ 799%
Equity-€82,154below the sector's middle half-€239,030below the sector's middle half▼ 191%-€317,137below the sector's middle half▼ 32.7%-€315,179below the sector's middle half▲ 0.6%-€297,578below the sector's middle half▲ 5.6%
Total assets€628,145within the sector's middle half▼ 24.5%€392,468above the sector's middle half▼ 37.5%€329,136above the sector's middle half▼ 16.1%€279,032within the sector's middle half▼ 15.2%€274,633within the sector's middle half▼ 1.6%
Debt€710,299▼ 1.7%€631,499▼ 11.1%€646,273▲ 2.3%€594,211▼ 8.1%€572,211▼ 3.7%
Working capital€301,342within the sector's middle half▼ 23.5%€145,124above the sector's middle half▼ 51.8%€65,858within the sector's middle half▼ 54.6%€68,855within the sector's middle half▲ 4.6%€87,456within the sector's middle half▲ 27.0%
Solvency-13.1%below the sector's middle half▼ 26.3pp-60.9%below the sector's middle half▼ 47.8pp-96.4%below the sector's middle half▼ 35.5pp-113.0%below the sector's middle half▼ 16.6pp-108.4%below the sector's middle half▲ 4.6pp
Current ratio2.00within the sector's middle half▼ 0.261.65within the sector's middle half▼ 0.351.28within the sector's middle half▼ 0.381.37within the sector's middle half▲ 0.091.54within the sector's middle half▲ 0.16
Return on assets (ROA)-30.6%below the sector's middle half▼ 28.5pp-40.0%below the sector's middle half▼ 9.4pp-23.7%below the sector's middle half▲ 16.2pp0.7%within the sector's middle half▲ 24.4pp6.4%within the sector's middle half▲ 5.7pp
Staff (FTE)2below the sector's middle half▼ 20.0%2=2=1.1▼ 45.0%1▼ 9.1%
above
within
below
the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 190% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €274,633
Fixed assets
€24,548 ▼ 4.0%
Current assets
€250,085 ▼ 1.3%
Key figures and ratios
EBITDA
€25,624▲
2024 · €9,500
Cash flow
€18,620▲
2024 · €2,977
Quick ratio
1.16▲
2024 · 1.06
Debt to equity
-1.92▼
2024 · -1.89
Interest coverage
3.66▲
2024 · 1.03
Debt ≤ 1 year
€162,629▼
2024 · €184,609
Debt > 1 year
€409,582=
2024 · €409,582
Staff costs
€108,146▼
2024 · €179,416
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.4% 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 3,795 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 | €143,812 | €148,394 | €167,868 | €179,416 | €108,146 | ▼ 39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €658 | €658 | €763 | €1,019 | €1,019 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €183,955 | €3,432 | -€129,062 | €27,978 | - | - |
| Other operating charges640/8 | €6,717 | €1,000 | €133,170 | €4,915 | €1,554 | ▼ 68.4% |
| Gross operating margin9900 | €173,969 | €4,937 | €89,320 | €221,809 | €135,324 | ▼ 39.0% |
| Operating profit (loss)9901 | -€161,172 | -€148,547 | -€83,419 | €8,481 | €24,605 | ▲ 190% |
| Financial income75/76B | €1,042 | €3,150 | €29,029 | €2,745 | €3 | ▼ 99.9% |
| Recurring financial income75 | €1,042 | €3,150 | €15,313 | €2,745 | €3 | ▼ 99.9% |
| Non-recurring financial income76B | - | - | €13,716 | - | - | - |
| Financial charges65/66B | €31,871 | €11,181 | €23,539 | €9,268 | €7,007 | ▼ 24.4% |
| Recurring financial charges65 | €18,155 | €11,181 | €9,823 | €9,268 | €7,007 | ▼ 24.4% |
| Non-recurring financial charges66B | €13,716 | - | €13,716 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€192,002 | -€156,577 | -€77,928 | €1,958 | €17,601 | ▲ 799% |
| Income taxes67/77 | €234 | €299 | €178 | - | - | - |
| Profit (loss) for the period9904 | -€192,236 | -€156,876 | -€78,107 | €1,958 | €17,601 | ▲ 799% |
| Profit (loss) for the period to be appropriated9905 | -€192,236 | -€156,876 | -€78,107 | €1,958 | €17,601 | ▲ 799% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €628,145 | €392,468 | €329,136 | €279,032 | €274,633 | ▼ 1.6% |
| Fixed assets21/28 | €26,085 | €25,428 | €26,586 | €25,567 | €24,548 | ▼ 4.0% |
| Tangible fixed assets22/27 | €2,085 | €1,428 | €2,586 | €1,567 | €548 | ▼ 65.0% |
| Furniture and vehicles24 | €1,203 | €766 | €2,145 | €1,347 | €548 | ▼ 59.3% |
| Other tangible fixed assets26 | €882 | €662 | €441 | €221 | - | - |
| Financial fixed assets28 | €24,000 | €24,000 | €24,000 | €24,000 | €24,000 | = |
| Current assets29/58 | €602,060 | €367,041 | €302,550 | €253,465 | €250,085 | ▼ 1.3% |
| Stocks and contracts in progress3 | €210,753 | €53,730 | €57,677 | €57,852 | €60,641 | ▲ 4.8% |
| Stocks30/36 | €210,753 | €53,730 | €57,677 | €57,852 | €60,641 | ▲ 4.8% |
| Amounts receivable within one year40/41 | €308,477 | €238,088 | €193,182 | €174,582 | €120,210 | ▼ 31.1% |
| Trade receivables40 | €275,376 | €237,952 | €192,736 | €173,826 | €113,078 | ▼ 34.9% |
| Other amounts receivable41 | €33,101 | €137 | €446 | €756 | €7,132 | ▲ 844% |
| Cash at bank and in hand54/58 | €78,589 | €63,008 | €51,690 | €21,030 | €69,234 | ▲ 229% |
| Deferred charges and accrued income490/1 | €4,240 | €12,214 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €628,145 | €392,468 | €329,136 | €279,032 | €274,633 | ▼ 1.6% |
| Equity10/15 | -€82,154 | -€239,030 | -€317,137 | -€315,179 | -€297,578 | ▲ 5.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €51,860 | €51,860 | €51,860 | €51,860 | €51,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€152,614 | -€309,490 | -€387,597 | -€385,639 | -€368,038 | ▲ 4.6% |
| Amounts payable17/49 | €710,299 | €631,499 | €646,273 | €594,211 | €572,211 | ▼ 3.7% |
| Amounts payable after more than one year17 | €409,582 | €409,582 | €409,582 | €409,582 | €409,582 | = |
| Financial debts170/4 | €409,582 | €409,582 | €409,582 | €409,582 | €409,582 | = |
| Amounts payable within one year42/48 | €300,717 | €221,917 | €236,691 | €184,609 | €162,629 | ▼ 11.9% |
| Trade debts44 | €155,090 | €93,327 | €117,377 | €92,558 | €45,738 | ▼ 50.6% |
| Suppliers440/4 | €155,090 | €93,327 | €117,377 | €92,558 | €45,738 | ▼ 50.6% |
| Taxes, remuneration and social security45 | €39,253 | €23,785 | €20,458 | €33,229 | €15,901 | ▼ 52.1% |
| Taxes450/3 | €12,442 | €6,744 | €178 | €6,772 | - | - |
| Remuneration and social security454/9 | €26,812 | €17,041 | €20,280 | €26,457 | €15,901 | ▼ 39.9% |
| Other amounts payable47/48 | €106,374 | €104,804 | €98,856 | €58,823 | €100,990 | ▲ 71.7% |
| Accrued charges and deferred income492/3 | - | - | - | €20 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€192,236 | -€156,876 | -€78,107 | €1,958 | €17,601 | ▲ 799% |
| + Depreciation and write-downs630 | €658 | €658 | €763 | €1,019 | €1,019 | = |
| Operating cash flow (approximation) | -€191,578 | -€156,218 | -€77,343 | €2,977 | €18,620 | ▲ 525% |
| Investment in fixed assets (approximation) | - | €0 | -€1,922 | €0 | €0 | - |
| Change in cash | - | -€15,581 | -€11,318 | -€30,660 | €48,204 | ▲ 257% |
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
25-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 56 days late
28-08
KBO administration
Address strikeout annulled
24-08
KBO administration
Address struck
event 13-05-2026
19-03
State Gazette act
Registered officeRegistered-office move1 fact ▸
State Gazette act
Registered office
Registered-office move1 fact ▸
- Registered-office move, 376 boulevard Lambermont à 1030 Bruxelles
2025
31-12
Financial
Highest result since 2018net €17,601 ▲799%
Operating result €24,605, net result €17,601, both a record.
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 85 days late
19-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 292 days late
2024
31-12
Financial
Back to profitnet €1,958
Net result €1,958 after 6 loss-making years.
25-10
KBO administration
UBO non-compliance
event 14-10-2024
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
20-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 232 days late
2021
31-12
Financial
Weakest financial yearnet -€192,236
Net result drops to -€192,236, the lowest in the series; recovery starts the following year.
Show earlier events
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 89 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 118 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2001
Ground area
1,457 m²
Building footprint
199 m²
Volume, LiDAR
1,092 m³
2 parcels, Brussels, Wallonia · tallest building 14.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rue Bois-d'en-Bas 11, 1404 Nivelles
since 20012.101.414.532
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25011B0277/00F000 | Wallonia | 1,289 m² | 1 · 69 m² | 8.3 m · 2 fl. |
| 21903B0366/00E000 | Brussels | 168 m² | 1 · 130 m² | 14.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 owner · 1 holdingChain of control
- TribalMedia
- PRIMEDIA
Highest known parent: TribalMedia. The sources do not say who stands above it.
Owners 1
- TribalMediaparent60%
Holdings 1
-
75%
According to the 2025 annual accounts of PRIMEDIA and those 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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Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded22-11-1999
Fiscal year end31-12
Activities, NACEBEL 2025
18130Pre-press and pre-media services
58110Book publishing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0467547819
Also
9925:BE0467547819
Registered
30-12-2025
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.