Active BE 0446.031.338Public limited companyOpen bankruptcy

PUBLI V EN W

Kalkoenlaan 37 ·9032 Gent, Belgium· 34 yrs active

Sector: Activiteiten van reclamebureaus (73110)

Conclusion Checked

A bankruptcy procedure is open for PUBLI V EN W according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-115k) and a net result of €-6k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-115k
Net result	€-6k
Staff (FTE)	1
Better than sector	5%

Snowflake analysis 5 of 5 axes measured · computed by Checked

23 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 25

Solvency 33

Growth 58

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2021 · computed

0 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 02-05-2022 with the NBB · fiscal year 2021 · micro

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 73, Advertising & market research · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-2645.3%	49.4%	better than 5% of 847 sector peers
Net result	€-6k	€15k	better than 14% of 847 sector peers
Equity	€-115k	€33k	better than 5% of 848 sector peers
Gross operating margin	€-4k	€33k	better than 8% of 847 sector peers
Staff costs	€-30	€24k	higher than 5% of 158 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-12k

-5.8% 18-21

Net profit

€-6k

+96.6% 18-21

Cash flow

€-171k

-9.0% 18-21

Total assets

€4k

-74.3% 18-21

Equity

€-115k

-5.3% 18-21

Working capital

€-115k

-5.2% 18-21

Employees (FTE)

1

+150.0% 18-21

Staff costs

€-30

- 18-21

Income taxes

€-213

- 18-21

Debt

€119k

-5.4% 18-21

Debt ≤ 1y

€119k

-5.4% 18-21

Debt > 1y

€2k

- 18-21

Current ratio

0.04

-73.0% 18-21

Quick ratio

0.03

-75.4% 18-21

Solvency

-2645.3%

-309.3% 18-21

Debt / equity

-1.04

-3904.1% 18-21

ROE

5.0%

-96.8% 18-21

ROA

-132.8%

+86.9% 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€-6k
Cash flow	-
Staff costs	€-30
Income taxes	€-213
Dividends	-
Total assets	€4k
Equity	€-115k
Debt	€119k
of which ≤ 1y	€119k
of which > 1y	-
Working capital	€-115k
Employees (FTE)	1.0

Ratios (computed)

	2021
Current ratio	0.04
Quick ratio	0.03
Working capital ratio	-2645.1%
Solvency	-2645.3%
Debt / equity	-1.04
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-132.8%
ROE	5.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €47 · 1.1% Current assets €4k · 98.9%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€4k
Fixed assets	21/28	€47
Financial fixed assets	28	€47
Current assets	29/58	€4k
Stocks & contracts in progress	3	€500
Amounts receivable within one year	40/41	€3k
Cash & bank	54/58	€4
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€4k
Equity	10/15	€-115k
Contributions / capital	10/11	€62k
Accumulated profits (losses)	14	€-177k
Amounts payable	17/49	€119k
Amounts payable within one year	42/48	€119k
Trade debts payable within one year	44	€313
Income statement
Gross operating margin	9900	€-4k
Operating result	9901	€-5k
Financial income	75	€7
Financial charges	65	€636
Result before taxes	9903	€-6k
Income taxes	67/77	€-213
Net result for the period	9904	€-6k
Result to be appropriated	9905	€-6k

You are seeing the latest fiscal year only. 3 prior years (figures + ratios) are in a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	MATTHIAS GESQUIERE RIJSENBERGSTRAAT 148, 9000 GENT	28-06-2022 → present	Belgian State Gazette

Legal Structure

NACE primary	Activiteiten van reclamebureaus(73110)
Legal form	Public limited company(014)
Incorporation	16-12-1991
Status	Active
Postal code	9032
First BS signal	05-07-2022
Latest BS signal	05-07-2022

Establishment units 1 location

PUBLI V & M

Kalkoenlaan 37, 9032 Genthet ontwerpen en voeren van reclame- en promotiecampagnes voor derden via de verschillende media

since 19922.055.652.011

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44074C0540/00C000	Flanders	232 m²	1 · 82 m²	10.1 m · 2 fl.

Methodology

via registered seat: 1

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

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

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2022

05-07-2022

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Gent · PUBLI V EN W NV KALKOEN- LAAN 37, 9032 WONDELGEM · event 28-06-2022

02-05-2022