PUBLI-SOLUTION
ActiveSummary
PUBLI-SOLUTION has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,016 and a net result of €14,910. Equity is growing by about 80% per year across the filed financial years. Its solvency ranks better than 20% of 1,118 sector peers (NACE 18, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- €36,016
- Profit
- €14,910
Why 80raises riskEquity €36,016 (8.4% of total assets)Last filed accounts filed 28 days late; 1 of the last 3 latelowers riskSize: total assets €427,654Founded in 2003Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 18, micro): better than 20% on solvency, 11% on liquidity and 29% on profitability.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 67 days after the deadline; the sector median (NACE 18) for financial year 2023 is 2 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2023 · micro…
- Highest result from 2021 to 2025net €20,249 ▲83.5%
Financials · financial year 2025, micro format
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00444209.
2021 to 2025, 4 financial years 2021 to 2025, 4 financial years
The operating result is €17,708 in 2025, compared with €27,652 in 2023. Comparable figures for the intervening years are unavailable.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 18, Printing and reproduction of recorded media: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,083 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96.9% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,083 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.
| Line | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,355 | €9,946 | €2,014 | - | - |
| Other operating charges640/8 | €4,043 | €5,011 | €8,915 | €5,028 | - |
| Gross operating margin9900 | €34,870 | €30,173 | €38,580 | €22,736 | - |
| Operating profit (loss)9901 | €16,472 | €15,216 | €27,652 | €17,708 | - |
| Financial income75/76B | €2 | €33 | €26 | €2,596 | - |
| Recurring financial income75 | €2 | €33 | €26 | €2,596 | - |
| Financial charges65/66B | €213 | €154 | €54 | €38 | - |
| Recurring financial charges65 | €213 | €154 | €54 | €38 | - |
| Profit (loss) for the period before taxes9903 | €16,262 | €15,096 | €27,624 | €20,266 | - |
| Income taxes67/77 | €1,910 | €4,059 | €7,375 | €5,356 | - |
| Profit (loss) for the period9904 | €14,351 | €11,037 | €20,249 | €14,910 | - |
| Profit (loss) for the period to be appropriated9905 | €14,351 | €11,037 | €20,249 | €14,910 | - |
| Line | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €311,140 | €329,063 | €355,370 | €427,654 | - |
| Fixed assets21/28 | €90,016 | €80,070 | €78,057 | €76,782 | - |
| Tangible fixed assets22/27 | €85,566 | €75,620 | €73,607 | €72,332 | - |
| Land and buildings22 | €81,625 | €73,012 | €72,332 | €72,332 | - |
| Furniture and vehicles24 | €3,942 | €2,608 | €1,275 | - | - |
| Financial fixed assets28 | €4,450 | €4,450 | €4,450 | €4,450 | - |
| Current assets29/58 | €221,123 | €248,993 | €277,313 | €350,872 | - |
| Amounts receivable within one year40/41 | €35 | - | €6,947 | €9,253 | - |
| Trade receivables40 | - | - | €6,947 | €9,253 | - |
| Other amounts receivable41 | €35 | - | - | - | - |
| Current investments50/53 | - | - | €270,367 | €280,000 | - |
| Cash at bank and in hand54/58 | €221,088 | €248,993 | - | €61,619 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €311,140 | €329,063 | €355,370 | €427,654 | - |
| Equity10/15 | -€24,769 | -€13,733 | €6,516 | €36,016 | - |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | - |
| Reserves13 | €1,855 | €1,855 | €1,855 | €17,455 | - |
| Non-distributable reserves130/1 | €1,855 | €1,855 | - | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | - | - | - |
| Distributable reserves133 | - | - | €1,855 | €17,455 | - |
| Profit (loss) carried forward14 | -€45,174 | -€34,138 | -€13,889 | €11 | - |
| Amounts payable17/49 | €335,909 | €342,796 | €348,854 | €391,638 | - |
| Amounts payable within one year42/48 | €335,909 | €342,796 | €348,854 | €391,638 | - |
| Trade debts44 | €639 | €825 | €1,926 | €31,376 | - |
| Suppliers440/4 | €639 | €825 | €1,926 | €31,376 | - |
| Advances received on contracts in progress46 | €4,235 | €4,538 | €4,538 | €11,196 | - |
| Taxes, remuneration and social security45 | €3,271 | €6,760 | €9,035 | €9,751 | - |
| Taxes450/3 | €3,271 | €6,760 | €9,035 | €9,751 | - |
| Other amounts payable47/48 | €327,764 | €330,673 | €333,356 | €339,315 | - |
| Line | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,351 | €11,037 | €20,249 | €14,910 | - |
| + Depreciation and write-downs630 | €14,355 | €9,946 | €2,014 | - | - |
| Operating cash flow (approximation) | €28,706 | €20,983 | €22,263 | €14,910 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - |
| Change in cash | - | €27,905 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00444209 |
| 31-12-2023 | micro format | 22-08-2024 | 2024-00359060 |
| 31-12-2022 | micro format | 17-09-2023 | 2023-00449093 |
| 31-12-2021 | micro format | 14-11-2022 | 2022-20519293 |
| 31-12-2017 | micro format | 14-12-2018 | 2018-74600420 |
| 31-12-2016 | micro format | 30-09-2017 | 2017-66500532 |
| 31-12-2014 | abbreviated format | 05-10-2015 | 2015-64100175 |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-53200501 |
| 31-12-2012 | abbreviated format | 30-09-2013 | 2013-61100193 |
| 31-12-2010 | abbreviated format | 29-11-2011 | 2011-62300227 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| GHYSBRECHTS Isabelle |
|
| TAVERNIER Frank |
|
Owners and capital
Capital and shareholders
- 16-11-2023 Converted to unavailable equity · €20,405
Group and network
Connections & network
No directors read yet: 1 of 2 Gazette acts processed.
History
Acts, filings and financial milestones
16-11
Gazette deed
Resignations: TAVERNIER Frank (statutory manager) and GHYSBRECHTS Isabelle (statutory manager)Appointments: TAVERNIER Frank (director) and GHYSBRECHTS Isabelle (director) · Capital conversion · Reserve release14 facts ▸
- General meeting, 10-11-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, behouden” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, statutair onbeschikbare eigen vermogensrekening aangelegd bij toepassing van artikel 39,§2,derde lid wet 23 maart…” (deed in Dutch)
- Director resignation, TAVERNIER Frank (statutory manager)
- Director resignation, GHYSBRECHTS Isabelle (statutory manager)
- Director appointment, TAVERNIER Frank (director (not named in the articles))
- Director appointment, GHYSBRECHTS Isabelle (director (not named in the articles))
- Amendment of the articles
- Capital
- Registered-office move, Wijmenstraat 1,9030 Mariakerke
- Power of attorney, Bernard VANDERPLAETSEN
- +2 further facts in this act
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44038B0010/00R000 | Flanders | 2,116 m² | 1 · 260 m² | 8.2 m · 2 |
| 44452B1504/00K000 | Flanders | 484 m² | 1 · 365 m² | 6.7 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “1)Het vervaardigen van constructies in metaal,hout of kunststof,statieven,panelen,glasboxen voor publicitaire en andere doeleinden,alsmede…” (deed in Dutch)
14 activities (deed in Dutch)
- 1)Het vervaardigen van constructies in metaal,hout of kunststof,statieven,panelen,glasboxen voor publicitaire en andere doeleinden,alsmede het plaatsen,de verkoop en verhuur ervan;
- 2)Het digitaal drukken en plaatsen van publiciteit op allerlei ondergronden;
- 3)Ontwerpen en plaatsen van publiciteit op panelen,reclameborden,...;
- 4)Het aanbieden van publiciteitsruimtes op panelen,reclameborden,...;
- 5)Het vervaardigen en installatie van lichtreclames en uithangborden;
- 6)De handel in koffie,thee,cacao en specerijen;
- 7)De verkoop,verhuur,plaatsing en het onderhoud van koffiemachines;
- 8)De verkoop en verhuur van alle horecamaterialen en–benodigdheden.
- De aankoop en de verkoop van alle onbebouwde en bebouwde onroerende goederen van alle aard en voor alle bestemmingen,het verkavelen,uitrusten,inrichten en tot waarde brengen op alle mogelijke wijzen van alle onbebouwde onroerende goederen,het bouwen,verbouwen,aanpassen,herstellen van alle gebouwen en constructies bij middel van alle technieken en in alle stadia van afwerking;
- Het huren,verhuren,leasen en uitbaten op alle mogelijke wijzen van alle mogelijke onbebouwde en bebouwde onroerende goederen;
- Het in bewaring nemen van onroerende goederen,de specifieke activiteit van de onroerende promotie;
- Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het oordeelkundig beheer van een onroerend patrimonium;
- Alle verbintenissen aangaan,kredieten en leningen toestaan aan haar aandeelhouders en/of bestuurders,zich voor derden borg stellen door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak;
- Alle burgerlijke,industriële,commerciële,financiële,roerende en onroerende handelingen in rechtstreeks of onrechtstreeks verband met haar voorwerp,die van aard zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden,en die daartoe noodzakelijk zijn,nuttig of zelfs alleen maar bevorderend,kan optreden als bestuurder of vereffenaar in andere vennootschappen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PUBLI-SOLUTION
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, Wijmenstraat 1,9030 Mariakerke” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders,al dan niet aandeelhouder, kosteloos zolang algemene vergadering niet uitdrukkelijk vergoeding met bedrag en wijze…” (deed in Dutch)“Geheel van bevoegdheden toegekend met delegatiemogelijkheid, iedere bestuurder alleen optredend mag alle nodige of nuttige handelingen…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 18:00