PUB CONSULTING
ActiveSummary
PUB CONSULTING has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €130,025 and a net result of €6,390. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 25% of 37965 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability41=
Solvency51▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.05 in 2023; short-term debt: 69.2% and cash: 0.5% of total assets), and 73.7% of the assets are financed with debt.
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Signals
Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
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 2024Solvency, return and age of the figures
Solvency
26.3%
Return on assets
1.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 37965 sector peers (2024).
NBB · sector comparisonPosition among 37965 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 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
not confirmed
2024
20 d late
2023
1 d late
2022
8 d late
2021
13 d early
2020
19 d early
2019
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€0
Total assets
€493,814▼ 1.3%
2023 · €500,532
Net result
€6,390▼ 3.8%
2023 · €6,643
Working capital
-€331,389▲ 1.9%
2023 · -€337,780
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20202021202220232024
Turnover€0
Operating result-€2,712€11,198€9,785▼ 12.6%€9,390▼ 4.0%€8,941▼ 4.8%
Net result-€2,837below the sector's middle half€8,126within the sector's middle half€6,993within the sector's middle half▼ 13.9%€6,643within the sector's middle half▼ 5.0%€6,390within the sector's middle half▼ 3.8%
Equity€101,872within the sector's middle half▼ 2.7%€109,998within the sector's middle half▲ 8.0%€116,991within the sector's middle half▲ 6.4%€123,634within the sector's middle half▲ 5.7%€130,025within the sector's middle half▲ 5.2%
Total assets€484,117within the sector's middle half▼ 0.8%€498,595within the sector's middle half▲ 3.0%€500,015within the sector's middle half▲ 0.3%€500,532above the sector's middle half▲ 0.1%€493,814above the sector's middle half▼ 1.3%
Debt€382,245▼ 0.3%€388,596▲ 1.7%€383,024▼ 1.4%€376,897▼ 1.6%€363,789▼ 3.5%
Working capital-€359,542below the sector's middle half▼ 0.8%-€351,179below the sector's middle half▲ 2.3%-€344,423below the sector's middle half▲ 1.9%-€337,780below the sector's middle half▲ 1.9%-€331,389below the sector's middle half▲ 1.9%
Solvency21.0%below the sector's middle half▼ 0.4pp22.1%below the sector's middle half▲ 1.0pp23.4%below the sector's middle half▲ 1.3pp24.7%below the sector's middle half▲ 1.3pp26.3%below the sector's middle half▲ 1.6pp
Current ratio0.00below the sector's middle half▼ 0.010.04below the sector's middle half▲ 0.040.05below the sector's middle half=0.05below the sector's middle half=0.03below the sector's middle half▼ 0.02
Return on assets (ROA)-0.6%below the sector's middle half▼ 1.4pp1.6%within the sector's middle half▲ 2.2pp1.4%below the sector's middle half▼ 0.2pp1.3%below the sector's middle half▼ 0.1pp1.3%below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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; 2024 is 5% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €493,814
Fixed assets
€483,392 =
Current assets
€10,422 ▼ 39.2%
Equity and liabilities €493,814
Equity
€130,025 ▲ 5.2%
Debt
€363,789 ▼ 3.5%
Debt's share of the balance-sheet total falls from 75.3% to 73.7%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
2.80▼
2023 · 3.05
ROE
4.9%▼
2023 · 5.4%
Debt ≤ 1 year
€341,811▼
2023 · €354,919
Debt > 1 year
€21,978=
2023 · €21,978
Income taxes
€2,394▼
2023 · €2,418
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - |
| Other operating charges640/8 | - | €449 | €485 | €493 | €560 | ▲ 13.6% |
| Gross operating margin9900 | -€2,192 | €11,647 | €10,269 | €9,883 | €9,501 | ▼ 3.9% |
| Operating profit (loss)9901 | -€2,712 | €11,198 | €9,785 | €9,390 | €8,941 | ▼ 4.8% |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | €114 | €247 | €328 | €157 | ▼ 52.3% |
| Recurring financial charges65 | €125 | €114 | €247 | €328 | €157 | ▼ 52.3% |
| Profit (loss) for the period before taxes9903 | -€2,837 | €11,084 | €9,538 | €9,062 | €8,784 | ▼ 3.1% |
| Income taxes67/77 | €0 | €2,958 | €2,546 | €2,418 | €2,394 | ▼ 1.0% |
| Profit (loss) for the period9904 | -€2,837 | €8,126 | €6,993 | €6,643 | €6,390 | ▼ 3.8% |
| Profit (loss) for the period to be appropriated9905 | -€2,837 | €8,126 | €6,993 | €6,643 | €6,390 | ▼ 3.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €484,117 | €498,595 | €500,015 | €500,532 | €493,814 | ▼ 1.3% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €483,392 | €483,392 | €483,392 | €483,392 | €483,392 | = |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €483,392 | €483,392 | €483,392 | €483,392 | €483,392 | = |
| Current assets29/58 | €725 | €15,202 | €16,622 | €17,139 | €10,422 | ▼ 39.2% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €636 | €14,520 | €15,740 | €16,950 | €8,167 | ▼ 51.8% |
| Trade receivables40 | - | €14,520 | €15,740 | €16,950 | €7,767 | ▼ 54.2% |
| Other amounts receivable41 | - | - | - | - | €400 | - |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €89 | €682 | €882 | €189 | €2,254 | ▲ 1,091% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €484,117 | €498,595 | €500,015 | €500,532 | €493,814 | ▼ 1.3% |
| Equity10/15 | €101,872 | €109,998 | €116,991 | €123,634 | €130,025 | ▲ 5.2% |
| Contributions10/11 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Outside capital11 | - | - | - | - | €62,000 | - |
| Other1109/19 | - | - | - | - | €62,000 | - |
| Reserves13 | €42,709 | €42,709 | €42,709 | €42,709 | €42,709 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves not available under the articles1311 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €36,509 | €36,509 | €36,509 | €36,509 | = |
| Profit (loss) carried forward14 | -€2,837 | €5,290 | €12,282 | €18,926 | €25,316 | ▲ 33.8% |
| Amounts payable17/49 | €382,245 | €388,596 | €383,024 | €376,897 | €363,789 | ▼ 3.5% |
| Amounts payable after more than one year17 | €21,978 | €21,978 | €21,978 | €21,978 | €21,978 | = |
| Financial debts170/4 | - | €21,978 | €21,978 | €21,978 | €21,978 | = |
| Amounts payable within one year42/48 | €360,267 | €366,381 | €361,045 | €354,919 | €341,811 | ▼ 3.7% |
| Trade debts44 | €85 | €133 | €370 | €194 | €2,222 | ▲ 1,044% |
| Suppliers440/4 | - | €133 | €370 | €194 | €2,222 | ▲ 1,044% |
| Taxes, remuneration and social security45 | - | €5,474 | €5,712 | €2,715 | €4,812 | ▲ 77.3% |
| Taxes450/3 | - | €5,474 | €5,712 | €2,715 | €4,812 | ▲ 77.3% |
| Other amounts payable47/48 | - | €360,774 | €354,963 | €352,010 | €334,777 | ▼ 4.9% |
| Accrued charges and deferred income492/3 | - | €237 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,837 | €8,126 | €6,993 | €6,643 | €6,390 | ▼ 3.8% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - |
| Operating cash flow (approximation) | -€2,837 | €8,126 | €6,993 | €6,643 | €6,390 | ▼ 3.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €593 | €200 | -€693 | €2,065 | ▲ 398% |
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
2026
08-07
State Gazette act
Resignation: Isljami Muharem (director)Appointment: Evgeniev Valentinov (director) · Registered-office move6 facts ▸
State Gazette act
Resignation: Isljami Muharem (director)
Appointment: Evgeniev Valentinov (director) · Registered-office move6 facts ▸
- General meeting, 31-03-2026
- Registered-office move, Bergensteenweg 181,1600 Sint-Pieters-Leeuw
- Other statement, acknowledgement of share transfer, 100
- Director resignation, Isljami Muharem (director)
- Director appointment, Evgeniev Valentinov (director)
- Other statement, 31-03-2026
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €8,126
Net result €8,126 after one loss-making year.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€2,837
Net result drops to -€2,837, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
2019
31-12
Financial
Back to profitnet €4,060
Net result €4,060 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Evgeniev Valentinov
CurrentDirector · since 31-03-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Pieters-Leeuw · 1 establishment unit since 2002
Ground area
2.2 ha
Building footprint
5,556 m²
Volume, LiDAR
28,633 m³
2 parcels, Flanders · tallest building 16.4 m, ±2 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Bredabaan 296, 2930 Brasschaat
since 20022.101.629.120
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0175/00V003 | Flanders | 2.1 ha | 1 · 5,304 m² | 7.7 m · 2 fl. |
| 11324D0767/00L002 | Flanders | 256 m² | 1 · 251 m² | 16.4 m · 1 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Evgeniev Valentinov |
|
| Isljami Muharem |
|
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
30%
According to the 2024 annual accounts of PUB CONSULTING 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
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,894 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-01-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476759552
Also
9925:BE0476759552
Registered
19-12-2025
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.