PUBLI-VANDO
ActiveSummary
PUBLI-VANDO has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50k and a net result of €4k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 84% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+68
Solvency100▲+9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 3.36 against 2.27 in 2024; short-term debt: 24% and cash: 58.6% of total assets), and 24% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76%
Return on assets
5.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-01-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
25 d early
2023
20 d early
2022
on the day
2021
3 d early
2020
23 d late
2019
17 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€50k▲ 4.3%
2024 · €47k
Total assets
€65k▼ 9.3%
2024 · €72k
Net result
€4k
2024 · €-6k
Working capital
€37k▲ 18.9%
2024 · €31k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1k▼ 78.1%€19k▲ 1,264%€16k▼ 16.2%€-5k€5k
Net result€-592€13k€10k▼ 17.9%€-6k€4k
Equity€46k▼ 1.3%€57k▲ 23.7%€66k▲ 15.2%€47k▼ 27.8%€50k▲ 4.3%
Total assets€71k▲ 0.7%€81k▲ 14.6%€93k▲ 15.0%€72k▼ 23.1%€65k▼ 9.3%
Debt€25k▲ 4.7%€24k▼ 2.2%€28k▲ 14.4%€24k▼ 12.1%€16k▼ 35.9%
Working capital€26k▼ 0.6%€39k▲ 49.1%€48k▲ 22.3%€31k▼ 35.2%€37k▲ 18.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5k after a loss of €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65k
Fixed assets
€13k ▼ 22.9%
Current assets
€52k ▼ 5.2%
Equity and liabilities €65k
Equity
€50k ▲ 4.3%
Debt
€16k ▼ 35.9%
Debt's share of the balance-sheet total falls from 33.9% to 24.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10k▲
2024 · €-616
Cash flow
€8k▲
2024 · €-2k
Current ratio
3.36▲
2024 · 2.27
Quick ratio
3.02▲
2024 · 2.09
Debt to equity
0.31▼
2024 · 0.51
ROE
7.5%▲
2024 · -13.0%
ROA
5.7%▲
2024 · -8.6%
Interest coverage
14.35▲
2024 · -0.57
Debt ≤ 1 year
€16k▼
2024 · €24k
Income taxes
€939▲
2024 · €462
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €4k | €4k | €5k | ▲ 6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €545 | - |
| Other operating charges640/8 | - | €620 | €744 | €596 | €513 | ▼ 13.8% |
| Gross operating margin9900 | €6k | €24k | €21k | €-21 | €11k | ▲ 52,307% |
| Operating profit (loss)9901 | €1k | €19k | €16k | €-5k | €5k | ▲ 198% |
| Financial income75/76B | - | €598 | €520 | €439 | €386 | ▼ 12.1% |
| Recurring financial income75 | €237 | €598 | €520 | €439 | €386 | ▼ 12.1% |
| Financial charges65/66B | - | €1k | €1k | €1k | €673 | ▼ 37.8% |
| Recurring financial charges65 | €1k | €1k | €1k | €1k | €673 | ▼ 37.8% |
| Profit (loss) for the period before taxes9903 | €296 | €19k | €15k | €-6k | €5k | ▲ 182% |
| Income taxes67/77 | €888 | €6k | €5k | €462 | €939 | ▲ 103% |
| Profit (loss) for the period9904 | €-592 | €13k | €10k | €-6k | €4k | ▲ 161% |
| Profit (loss) for the period to be appropriated9905 | €-592 | €13k | €10k | €-6k | €4k | ▲ 161% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71k | €81k | €93k | €72k | €65k | ▼ 9.3% |
| Fixed assets21/28 | €26k | €22k | €19k | €17k | €13k | ▼ 22.9% |
| Tangible fixed assets22/27 | €26k | €22k | €19k | €17k | €13k | ▼ 22.9% |
| Plant, machinery and equipment23 | - | €5k | €5k | €5k | €5k | ▼ 11.3% |
| Furniture and vehicles24 | - | €664 | €2k | €2k | €1k | ▼ 9.0% |
| Other tangible fixed assets26 | - | €16k | €12k | €9k | €6k | ▼ 31.9% |
| Current assets29/58 | €45k | €60k | €74k | €55k | €52k | ▼ 5.2% |
| Stocks and contracts in progress3 | €3k | €5k | €5k | €4k | €5k | ▲ 15.5% |
| Stocks30/36 | - | €5k | €5k | €4k | €5k | ▲ 15.5% |
| Amounts receivable within one year40/41 | €13k | €5k | €10k | €6k | €9k | ▲ 51.7% |
| Trade receivables40 | - | €5k | €10k | €6k | €8k | ▲ 41.4% |
| Other amounts receivable41 | - | €8 | - | €2 | €613 | ▲ 34,706% |
| Cash at bank and in hand54/58 | €30k | €50k | €58k | €45k | €38k | ▼ 14.8% |
| Deferred charges and accrued income490/1 | - | €143 | €152 | €53 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71k | €81k | €93k | €72k | €65k | ▼ 9.3% |
| Equity10/15 | €46k | €57k | €66k | €47k | €50k | ▲ 4.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €28k | €38k | €47k | €29k | €31k | ▲ 7.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €37k | €45k | €29k | €31k | ▲ 7.1% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €25k | €24k | €28k | €24k | €16k | ▼ 35.9% |
| Amounts payable after more than one year17 | €6k | €4k | €2k | - | - | - |
| Financial debts170/4 | - | €4k | €2k | - | - | - |
| Amounts payable within one year42/48 | €19k | €21k | €26k | €24k | €16k | ▼ 35.9% |
| Current portion of amounts payable after more than one year42 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Trade debts44 | €13k | €8k | €9k | €999 | €4k | ▲ 315% |
| Suppliers440/4 | - | €8k | €9k | €999 | €4k | ▲ 315% |
| Taxes, remuneration and social security45 | - | €8k | €12k | €6k | €4k | ▼ 43.8% |
| Taxes450/3 | - | €8k | €10k | €4k | €4k | ▼ 18.7% |
| Remuneration and social security454/9 | - | - | €2k | €2k | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €2k | €3k | €15k | €8k | ▼ 49.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-592 | €13k | €10k | €-6k | €4k | ▲ 161% |
| + Depreciation and write-downs630 | €4k | €4k | €4k | €4k | €5k | ▲ 6.1% |
| Operating cash flow (approximation) | €3k | €16k | €14k | €-2k | €8k | ▲ 590% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €-1k | €-924 | ▲ 37.3% |
| Change in cash | - | €20k | €9k | €-14k | €-7k | ▲ 51.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
11-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Menen · 1 establishment unit since 1999
Ground area
78 m²
Building footprint
120 m²
Parcel 34024B0321/00K003, Flanders. Linked by address, not a title deed.
1 establishment unit
PUBLI-VANDO
since 19992.090.852.123
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024B0321/00K003 | Flanders | 78 m² | 1 · 120 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,238 companies in sector 47789 we hold annual accounts for 1,019. 765 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-04-1999
Fiscal year end30-06
Activities, NACEBEL 2025
47789Other retail sale of new goods
18130Pre-press and pre-media services
Scores and ratios are computed by Checked and are not a credit decision.