PUBLI PROJECTS

Active Private limited companyfounded 2006active for 19 yearsBegonialaan 23, 8531 HarelbekeKBO/BCE: BE 0885.583.670

PUBLI PROJECTS

Financial year 2025

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Annual accounts 2025

micro format, filed on 28-05-2026, 3 days before the deadline

€55,417

▼ 26.4%

-€90,389

▼ €27,657

-€79,510

▼ €10,190

-€59,861

▼ €2,062

80.3%

▲ 7.5 percentage points

0.89

▼ 0.04

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €120,000. Estimated: probably between €100,000 and €160,000.

Balance sheet

balance sheet total €3.0m on 31-10-2025

What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

80.3%

Higher than 78% of 8,614 companies in 2025.

0.89

Higher than 19% of 8,290 companies in 2025.

-2.6%

Higher than 20% of 8,399 companies in 2025.

PUBLI PROJECTS Middle half of the sector 80% of the sector Micro accounts in advertising and market research (NACE 73)

Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Balance sheet: assets
`20/58`	3.0m	3.4m	3.6m	3.6m	3.5m	3.4m	3.2m	3.2m	2.9m	2.0m	1.9m	1.5m	1.1m	808,252	683,955	518,283	445,343	133,932
`21/28`	2.5m	2.7m	2.7m	2.7m	2.8m	2.9m	3.0m	3.1m	2.4m	1.7m	1.5m	1.0m	757,885	515,174	556,033	468,677	385,394	78,302
`22/27`	2.5m	2.7m	2.7m	2.7m	2.8m	2.9m	3.0m	3.1m	2.4m	1.7m	1.5m	1.0m	757,885	515,174	556,033	468,677	385,394	78,302
`22`	2.4m	2.5m	2.6m	2.7m	2.8m	2.9m	3.0m	3.0m	2.4m	1.5m	1.4m	960,737	686,827	425,122	441,193	135,945	149,540	-
`23`	11,587	13,737	15,075	17,894	9,825	11,585	13,520	15,455	2,492	3,358	4,223	2,639	549	817	1,246	1,124	2,088	3,051
`24`	121,754	156,921	52,589	4,461	-	-	9,986	33,669	55,437	78,483	54,793	8,982	17,964	26,575	36,689	9,094	16,932	23,858
`26`	16,991	16,364	16,026	12,108	6,876	6,351	7,562	3,478	4,160	28,195	40,597	48,047	52,545	62,660	76,905	38,807	45,100	51,393
`27`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	283,708	171,736	-
`29/58`	466,924	756,289	916,502	860,020	734,267	561,423	235,126	186,821	413,179	394,709	431,256	489,983	343,235	293,079	127,922	49,606	59,949	55,630
`29`	208,721	290,550	258,300	298,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`291`	208,721	290,550	258,300	298,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`40/41`	7,941	2,255	314,514	357,676	9	191,381	102,125	50,266	24	42,404	37,533	32,065	30,250	22,939	22,702	10,882	40,412	16,068
`40`	6,479	-	300,000	356,606	-	191,128	53,590	50,218	-	42,380	37,510	32,065	30,250	15,605	17,110	-	12,100	15,730
`41`	1,462	2,255	14,514	1,070	9	253	48,535	48	24	24	23	-	-	7,334	5,593	10,882	28,312	338
`50/53`	0	332,167	301,973	101,985	501,997	302,055	28,037	30,000	325,010	258,068	385,013	342,097	300,202	260,548	65,001	30,001	13,785	35,000
`54/58`	248,576	128,963	39,285	82,664	229,888	66,206	102,645	84,029	59,393	92,899	7,626	115,666	12,071	7,919	37,101	8,206	4,424	2,065
`490/1`	1,686	2,354	2,430	18,895	2,373	1,781	2,319	22,526	28,752	1,337	1,084	155	712	1,673	3,117	516	1,328	2,497
Balance sheet: equity and liabilities
`10/49`	3.0m	3.4m	3.6m	3.6m	3.5m	3.4m	3.2m	3.2m	2.9m	2.0m	1.9m	1.5m	1.1m	808,252	683,955	518,283	445,343	133,932
`10/15`	2.4m	2.5m	2.6m	2.5m	2.3m	2.1m	1.9m	1.8m	1.5m	1.1m	918,420	697,824	546,374	355,063	267,430	182,562	131,033	87,608
`10/11`	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000
`100`	-	-	-	-	-	-	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000
`13`	2.5m	2.5m	2.5m	2.5m	2.3m	2.1m	1.9m	1.7m	1.4m	1.1m	883,420	662,824	511,374	320,063	232,430	147,562	96,033	52,608
`130/1`	3,500	3,500	3,500	3,500	3,500	3,500	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	3,500	3,500	3,500	3,500	3,500	3,500	3,500	3,500	3,500	3,500	3,500	3,500
`1311`	3,500	3,500	3,500	3,500	3,500	3,500	-	-	-	-	-	-	-	-	-	-	-	-
`132`	109,302	113,856	118,410	122,964	127,519	132,073	136,627	141,181	145,736	-	-	-	-	-	-	-	-	-
`133`	2.4m	2.4m	2.4m	2.3m	2.2m	2.0m	1.7m	1.6m	1.3m	1.1m	879,920	659,324	507,874	316,563	228,930	144,062	92,533	49,108
`14`	-139,722	-64,766	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`16`	56,282	58,627	60,972	63,317	65,662	68,007	70,352	72,697	75,042	-	-	-	-	-	-	-	-	-
`168`	56,282	58,627	60,972	63,317	65,662	68,007	70,352	72,697	75,042	-	-	-	-	-	-	-	-	-
`17/49`	535,119	872,422	947,217	1.0m	1.1m	1.2m	1.2m	1.4m	1.3m	935,565	1.0m	812,564	554,745	453,190	416,525	335,721	314,309	46,324
`17`	8,334	58,334	108,334	163,334	243,334	323,334	403,334	502,569	629,049	273,163	310,007	324,976	109,510	141,321	173,536	165,211	194,161	23,112
`170/4`	8,334	58,334	108,334	163,334	243,334	323,334	403,334	502,569	629,049	273,163	310,007	324,976	109,510	141,321	173,536	165,211	194,161	23,112
`42/48`	526,785	814,087	838,883	849,767	863,099	905,031	820,139	904,869	682,235	662,402	700,085	487,588	445,235	311,869	242,989	170,511	120,148	23,212
`42`	50,000	50,000	55,000	80,000	80,000	80,000	81,979	126,480	130,602	75,116	62,928	59,534	31,811	32,216	37,839	28,950	28,950	8,946
`43`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	270	-
`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	270	-
`44`	5,468	-	102	1,045	3,684	6,102	-	-	6,208	29,718	168,856	16,905	83,972	16,155	18,160	-	301	-
`440/4`	5,468	-	102	1,045	3,684	6,102	-	-	6,208	29,718	168,856	16,905	83,972	16,155	18,160	-	301	-
`45`	865	8,662	19,999	28,840	44,221	96,646	12,193	67,510	94,971	104,856	58,383	53,886	11,061	5,214	3,161	2,003	3,123	11,106
`450/3`	865	8,662	19,999	28,840	44,221	96,646	10,026	65,343	92,971	104,856	58,383	53,886	11,061	5,214	3,161	2,003	3,123	11,106
`454/9`	-	-	-	-	-	-	2,167	2,167	2,000	-	-	-	-	-	-	-	-	-
`47/48`	470,452	755,425	763,783	739,882	735,195	722,283	725,967	710,879	450,454	452,712	409,918	357,263	318,392	258,285	183,829	139,557	87,504	3,160
Income statement
`76A`	-	-	-	-	-	-	-	17,199	-	-	-	2,721	-	-	-	-	-	-
`9900`	55,417	75,343	302,912	350,463	439,917	493,364	443,278	650,039	709,207	490,077	486,859	319,481	375,195	204,068	194,898	138,066	87,031	115,457
`630`	136,694	127,735	101,853	98,764	97,638	107,734	121,433	121,923	101,695	99,761	86,877	60,511	58,664	40,859	48,462	43,621	15,094	27,966
`640/8`	9,112	10,340	10,120	9,058	11,212	9,675	6,476	8,504	6,063	3,937	5,178	4,848	5,137	5,537	1,096	1,069	1,205	2,020
`9901`	-90,389	-62,732	190,939	242,641	331,067	375,955	315,369	519,612	601,449	386,379	394,805	254,121	311,394	157,672	145,339	93,377	70,732	85,471
`75/76B`	38,357	25,103	22,553	35,710	310	25	44	589	22,219	478	1,972	3,455	3,044	1,132	692	1,722	365	467
`75`	38,357	25,103	22,553	35,710	310	25	44	589	219	478	1,972	3,455	3,044	1,132	692	1,722	365	467
`76B`	-	-	-	-	-	-	-	-	22,000	-	-	-	-	-	-	-	-	-
`65/66B`	28,974	31,142	61,254	47,863	36,190	37,373	37,840	38,618	39,431	33,905	29,343	28,307	21,310	19,792	16,201	12,939	5,310	2,603
`65`	28,974	31,142	61,254	47,863	36,190	37,373	37,840	38,618	39,431	33,905	29,343	28,307	21,310	19,792	16,201	12,939	5,310	2,603
`9903`	-81,006	-68,771	152,238	230,489	295,187	338,607	277,573	481,582	584,237	352,952	367,434	231,990	293,129	139,013	129,830	82,160	65,787	83,335
`780`	2,345	2,345	2,345	2,345	2,345	-	-	-	-	-	-	-	-	-	-	-	-	-
`67/77`	850	2,895	74,727	88,245	96,249	124,936	116,039	198,002	146,125	159,303	146,838	80,540	101,817	51,380	44,962	30,631	22,361	30,728
`9904`	-79,510	-69,320	79,856	144,589	201,283	216,016	163,879	285,926	363,070	193,649	220,597	151,449	191,311	87,633	84,868	51,529	43,425	52,608
`789`	4,554	4,554	4,554	4,554	4,554	4,554	4,554	4,554	4,554	-	-	-	-	-	-	-	-	-
`689`	-	-	-	-	-	-	-	-	150,290	-	-	-	-	-	-	-	-	-
`9905`	-74,956	-64,766	84,410	149,143	205,837	220,570	168,433	290,480	217,334	193,649	220,597	151,449	191,311	87,633	84,868	51,529	43,425	52,608
Appropriation of the result
`9906`	-139,722	-64,766	84,410	149,143	205,837	220,570	168,433	290,480	217,334	193,649	220,597	151,449	191,311	87,633	84,868	51,529	43,425	52,608
`14P`	-64,766	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	-	-	84,410	149,143	205,837	220,570	168,433	290,480	217,334	193,649	220,597	151,449	191,311	87,633	84,868	51,529	43,425	52,608
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,500
`6921`	-	-	84,410	149,143	205,837	220,570	168,433	290,480	217,334	193,649	220,597	151,449	191,311	87,633	84,868	51,529	43,425	49,108
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 28-05-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-10-2025	micro format	28-05-2026	2026-00123715	PDF
31-10-2024	abbreviated format	23-05-2025	2025-00103276	PDF
31-10-2023	micro format	23-05-2024	2024-00093738	PDF
31-10-2022	micro format	29-03-2023	2023-00047660	PDF
31-10-2021	micro format	14-04-2022	2022-20005868	PDF
31-10-2020	micro format	06-05-2021	2021-13500021	PDF
31-10-2019	micro format	30-04-2020	2020-10400183	PDF
31-10-2018	micro format	30-04-2019	2019-11900072	PDF
31-10-2017	micro format	07-03-2018	2018-06400173	PDF
31-10-2016	abbreviated format	26-04-2017	2017-10400062	PDF
31-10-2015	abbreviated format	28-04-2016	2016-11000413	PDF
31-10-2014	abbreviated format	27-04-2015	2015-10400572	PDF
31-10-2013	abbreviated format	28-05-2014	2014-14500469	PDF
31-10-2012	abbreviated format	29-03-2013	2013-08000597	PDF
31-10-2011	abbreviated format	27-03-2012	2012-07200322	PDF
31-10-2010	abbreviated format	29-03-2011	2011-07100054	PDF
31-10-2009	abbreviated format	08-03-2010	2010-06100228	PDF
31-10-2008	abbreviated format	12-05-2009	2009-14200288	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
46,306	65,003	292,792	341,405	428,705	483,689	436,802	641,535	703,144	486,140	481,682	314,632	370,058	198,531	193,801	136,998	85,826	113,437
57,184	58,415	181,708	243,353	298,921	323,750	285,311	407,848	464,764	293,410	307,474	211,961	249,975	128,492	133,330	95,150	58,520	80,574
6,902	136,985	56,997	21,924	1,800	0	50,696	710,816	1.3m	255,429	572,587	385,621	301,375	0	135,818	126,904	322,187	106,268
119,613	89,678	-43,379	-147,225	163,683	-36,439	18,615	24,636	-33,506	85,273	-108,040	103,595	4,152	-29,182	28,895	3,782	2,359	-
-59,861	-57,799	77,619	10,252	-128,832	-343,608	-585,013	-718,048	-269,056	-267,692	-268,829	2,395	-102,001	-18,790	-115,067	-120,905	-60,200	32,418
80.3%	72.8%	71.8%	69.8%	66.6%	62.3%	59.8%	54.3%	51.6%	54.3%	47.6%	46.2%	49.6%	43.9%	39.1%	35.2%	29.4%	65.4%
0.89	0.93	1.09	1.01	0.85	0.62	0.29	0.21	0.61	0.60	0.62	1.00	0.77	0.94	0.53	0.29	0.50	2.40
0.22	0.35	0.37	0.41	0.47	0.57	0.64	0.80	0.89	0.84	1.10	1.16	1.02	1.28	1.56	1.84	2.40	0.53
-3.3%	-2.8%	3.1%	5.8%	8.6%	10.1%	8.5%	16.2%	24.6%	17.4%	24.0%	21.7%	35.0%	24.7%	31.7%	28.2%	33.1%	60.0%
-2.6%	-2.0%	2.2%	4.1%	5.7%	6.3%	5.1%	8.8%	12.7%	9.5%	11.4%	10.0%	17.4%	10.8%	12.4%	9.9%	9.8%	39.3%
1.60	2.09	4.78	7.13	11.85	-	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired

Item	31-10-2025	31-10-2024	31-10-2023	31-10-2022	31-10-2021
Tangible fixed assets	€6,902	€136,985	€56,997	€21,924	€1,800
	€136,694	€127,735	€101,853	€98,764	€97,638

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on PUBLI PROJECTS

The operating result for 2025 is a loss of €90,389, larger than the loss of €62,732 in 2024. It is the lowest result since 2008.

Debt's share of the balance-sheet total falls from 25.5% to 17.8%. Equity and debt are lower.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency80.3%

Current ratio0.89

Return on assets-2.6%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on PUBLI PROJECTS

Next steps

in €m

in euro

80.3%

0.89

-2.6%