PUBLI CARLO

Active

Private limited companyfounded 200817 yrs activeNoorwegenstraat 28 A, 9940 Evergem, BelgiumKBO/BCE: BE 0808.196.872

PUBLI CARLO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €165k and a net result of €29k. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 7017 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2025

92 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability89▼-11

Solvency100=

Growth78=

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €15k at 30 days acceptable

Liquidity ample (current ratio 8.9 against 5.78 in 2024; short-term debt: 10.3% and cash: 39.4% of total assets), and 10.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

89.7%

Return on assets

15.9%

Age of the figures

9 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 filings

Deviation from the deadline

2025

28 d late

2024

39 d late

2023

197 d late

2022

67 d late

2021

122 d late

2020

436 d late

2019

234 d late

← before the deadline after the deadline →

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 months

Position in the running window

20-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€251k

EBIT margin

13.6%

Net result

€29k▼ 47.1%

2024 · €56k

2018: €-84k 2019: €16k 2020: €45k 2021: €-28k 2022: €-10k 2023: €32k 2024: €56k

2018 → 2025

Working capital

€150k▲ 23.1%

2024 · €122k

2018: €14k 2019: €35k 2020: €58k 2021: €33k 2022: €31k 2023: €71k 2024: €122k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€58k-€49k▼ 16.6%€80k▲ 65.3%€136k▲ 69.2%€165k▲ 21.6%

Operating result€-23k-€-760▲ 96.7%€9k€75k▲ 701%€43k▼ 43.1%

Net result€-28k-€-10k▲ 65.7%€32k€56k▲ 75.3%€29k▼ 47.1%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 43% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €184k

92.1%

Fixed assets €15k▲ 8.5%

Current assets €169k▲ 14.6%

Equity and liabilities €184k

89.7%

10%

Equity €165k▲ 21.6%

Debt €19k▼ 25.6%

The debt ratio falls from 15.9% to 10.3%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€46k▼

2024 · €85k

Cash flow

€33k▼

2024 · €66k

Solvency

89.7%▲

2024 · 84.1%

Current ratio

8.90▲

2024 · 5.78

Quick ratio

8.90▲

2024 · 5.78

Debt / equity

0.12▼

2024 · 0.19

ROE

17.8%▼

2024 · 40.9%

ROA

15.9%▼

2024 · 34.4%

Interest coverage

26.87▼

2024 · 500.41

Debt

€19k▼

2024 · €26k

Debt ≤ 1 year

€19k▼

2024 · €26k

Income taxes

€13k▼

2024 · €20k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€161k€184k▲

Fixed assets21/28€13k€15k▲

Tangible fixed assets22/27€13k€15k▲

Plant, machinery and equipment23€13k€11k▼

Furniture and vehicles24€978€3k▲

Other tangible fixed assets26-€846

Current assets29/58€148k€169k▲

Amounts receivable within one year40/41€85k€92k▲

Trade receivables40€65k€71k▲

Other amounts receivable41€20k€21k▲

Cash at bank and in hand54/58€61k€73k▲

Deferred charges and accrued income490/1€2k€5k▲

Equity and liabilities

Total equity and liabilities10/49€161k€184k▲

Equity10/15€136k€165k▲

Contributions10/11€7k€7k=

Reserves13€91k€120k▲

Distributable reserves133€91k€120k▲

Profit (loss) carried forward14€39k€39k▲

Amounts payable17/49€26k€19k▼

Amounts payable within one year42/48€26k€19k▼

Trade debts44€9k€11k▲

Suppliers440/4€9k€11k▲

Taxes, remuneration and social security45€17k€8k▼

Taxes450/3€17k€8k▼

Income statement Code20242025

Non-recurring operating income76A-€14k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€3k▼

Other operating charges640/8€2k€2k▲

Gross operating margin9900€87k€48k▼

Operating profit (loss)9901€75k€43k▼

Financial income75/76B€469€1k▲

Recurring financial income75€469€1k▲

Financial charges65/66B€171€2k▲

Recurring financial charges65€171€2k▲

Profit (loss) for the period before taxes9903€75k€42k▼

Income taxes67/77€20k€13k▼

Profit (loss) for the period9904€56k€29k▼

Profit (loss) for the period to be appropriated9905€56k€29k▼

Appropriation of the result

Profit (loss) to be appropriated9906€94k€68k▼

Profit (loss) brought forward from the previous period14P€39k€39k=

Transfer to equity691/2€56k€29k▼

To other reserves6921€56k€29k▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 16Financial 6Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 28 days late

2025

31-12

Financial Equity above €150kEq €165k ▲21.6%

3 profitable years in a row build equity to €165k.

08-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 39 days late

13-02

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 197 days late

2024

31-12

Financial Highest result since 2018net €56k ▲75.3%

Operating result €75k, net result €56k, both a record.

31-12

Financial Liquidity doublescurrent ratio 5.78

Current ratio from 2.55 to 5.78; short-term debt falls from €46k to €26k.

31-12

Financial Equity above €100kEq €136k ▲69.2%

2 profitable years in a row build equity to €136k.

2023

31-12

Financial Back to profitnet €32k

Net result €32k after 2 loss-making years.

06-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 67 days late

2022

30-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 122 days late

10-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 436 days late

2021

22-03

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 234 days late

2019

31-12

Financial Back to profitnet €16k

Net result €16k after one loss-making year.

14-10

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 75 days late

10-04

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 253 days late

2018

14-12

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 501 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Evergem

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Noorwegenstraat 28 A9940 Evergem

Ground area

1.4 ha

Building footprint

7,593 m²

Volume, LiDAR

63,958 m³

Parcel 44019B0639/00M000, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44019B0639/00M000	Flanders	1.4 ha	1 · 7,593 m²	10.5 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

COMPAGNIE EUROPEENNE DES MEDIAS

BE 0477.177.741

Watermaal-Bosvoorde · Eq €165k

Sint-Gillis (bij-Brussel) · Eq €165k

Diepenbeek · Eq €165k

Of 9,863 companies in sector 73110 we hold annual accounts for 3,754. 2,902 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded04-12-2008

Fiscal year end31-12

Activities, NACEBEL

73110Advertising agencies

Sources

Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.