Losses
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
The last five annual accounts were filed 3 to 63 days before the end of the period.
Lower net result than 95% of companies in advertising and market research. Sector median €14,764 · 8,615 companies.
The dashed line is the sector median: 0.1% across 722 companies (NACE 73, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, small). It does better than 87% of them on solvency, 65% on liquidity, 18% on profitability and 24% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-10-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 2,686 companies had the same profile as PUBLI PROJECTS has now. Each dot stands for 7 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PUBLI PROJECTS itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,686 companies, not a prediction for PUBLI PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.89 (0.93 in 2024), below 1. Short-term debt is 17.5% and cash 8.3% of total assets. 19.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| PUBLI PROJECTS Harelbeke | €3.0m | €55,417 | 80.3% | - |
| DE VISU CORPORATE Antwerp | €2.6m | €83,884 | 35.3% | - |
| SPI Tournai | €3.4m | €72,560 | 38.1% | - |
| CSPD Uccle | €2.9m | €53,947 | 79.1% | - |
| Huisartsen van Brugge en Omgeving Bruges | €3.3m | €126,075 | 96.6% | - |
| DAY ONE MPM Roeselare | €2.5m | €119,615 | 35.3% | - |
| OPTAKARE Zwevegem | €2.0m | €98,478 | -172.6% | - |
These companies have the same main activity as PUBLI PROJECTS: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €2m and €3.4m, founded between 1997 and 2011.
PUBLI PROJECTS files the micro format. That format states no turnover. The gross margin fell from €115,457 in 2008 to €55,417 in 2025.
The balance sheet grew most from 2015 to 2017 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
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.
Higher than 78% of 8,614 companies in 2025.
Higher than 19% of 8,290 companies in 2025.
Higher than 20% of 8,399 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter
| Line | Trend | 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 | |||||||||||||||||||
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.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-10-2025 | micro format | 28-05-2026 | 2026-00123715 | |
| 31-10-2024 | abbreviated format | 23-05-2025 | 2025-00103276 | |
| 31-10-2023 | micro format | 23-05-2024 | 2024-00093738 | |
| 31-10-2022 | micro format | 29-03-2023 | 2023-00047660 | |
| 31-10-2021 | micro format | 14-04-2022 | 2022-20005868 | |
| 31-10-2020 | micro format | 06-05-2021 | 2021-13500021 | |
| 31-10-2019 | micro format | 30-04-2020 | 2020-10400183 | |
| 31-10-2018 | micro format | 30-04-2019 | 2019-11900072 | |
| 31-10-2017 | micro format | 07-03-2018 | 2018-06400173 | |
| 31-10-2016 | abbreviated format | 26-04-2017 | 2017-10400062 | |
| 31-10-2015 | abbreviated format | 28-04-2016 | 2016-11000413 | |
| 31-10-2014 | abbreviated format | 27-04-2015 | 2015-10400572 | |
| 31-10-2013 | abbreviated format | 28-05-2014 | 2014-14500469 | |
| 31-10-2012 | abbreviated format | 29-03-2013 | 2013-08000597 | |
| 31-10-2011 | abbreviated format | 27-03-2012 | 2012-07200322 | |
| 31-10-2010 | abbreviated format | 29-03-2011 | 2011-07100054 | |
| 31-10-2009 | abbreviated format | 08-03-2010 | 2010-06100228 | |
| 31-10-2008 | abbreviated format | 12-05-2009 | 2009-14200288 |
| Line | Trend | 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.
| 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)
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.
PUBLI PROJECTS has no parent and no holdings in its annual accounts. PUBLI PROJECTS shares no director with another company.
Deadline for the 2026 accounts: 31-05-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Begonialaan 23 registered office 8531 Harelbeke | 12-12-2006 | 2.334.214.136 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34017B0691/00L002 | 683 m² | 1 · 158 m² | 7.9 m · 2 |
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