Equity
€39,847 from €133,263 in 2009
Equity fell by 70% in 16 years.
PUBLIBURO
Lifetime
17 annual accounts with figures on one time axispeak €457,361 (2009)
€286,522▲ 17.3%
lowest -€105,688 (2014)
€30,703▲ 1.9%
peak €133,263 (2009)
€39,847▲ 336%
€207,712▲ 12.0%
peak 5.6 FTE (2016)
-not published
Board2 names since 2008
1 directorADAM Joachim
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Gross margin from €244,357 to €286,522Equity from €9,144 to €39,847Investments €41,994Cash from €30,615 to €47,068
Key points
from the 2025 annual accountsTurnover
≈ €550,000 estimated
The micro format states no turnover.
Debts
€207,712 84% of the balance sheet
Financial debts 4%Suppliers 35%Taxes and wages 35%Other 26%
Of this, €157,003 falls due within a year.
Investments
€41,994 2.3 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 675.9% higher than in 2024.
Staff
6 employees on 31-12-2025
In 2025, 2 people joined and 1 left.
Filings
17 annual accounts since 2009
Five of the last ten came late. The 2017 accounts came latest: 59 days after the end of the period.
Checked score
91
Excellent
Financially stronger than 51% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,228 companies (NACE 73, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 0.2%▼ -0.6 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.2%▼ -0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.1%▼ -0.2 percentage points vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Equity €39,847 (16.1% of total assets)
lowers risk
Size: total assets €247,559
Founded in 2008
Liquidity: current ratio 1.14, cash €47,068
Calculation
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, micro). It does better than 24% of them on solvency, 24% on liquidity, 60% on profitability and 97% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
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).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as PUBLIBURO has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PUBLIBURO itself is lower: 0.1% within 12 months. It rests on far more data about PUBLIBURO than the profile alone.
Test of the method
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 5,053 companies, not a prediction for PUBLIBURO. 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.
Credit verdict
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.14 (1.49 in 2024), below the usual 1.5. Short-term debt is 63.4% and cash 19% of total assets. 83.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 8614 sector peers (2025).
NBB · sector comparisonPosition among 8614 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
31 days early
2023
14 days early
2022
25 days late
2021
23 days early
2020
43 days early
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 8 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.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0899608682
2 managers resigning, 1 director reappointed
Resignations: VAN PETEGEM Frédérique (manager) and ADAM Joachim (manager) · Reappointment: ADAM Joachim (director) · “De aankoop,de verkoop,de invoer,de uitvoer,de import,de export,het ontwerp en het realiseren van drukwerk en…” (deed in Dutch) · General meeting of 05-01-2023 · Gazette deed
New establishment in Ninove
Hoendersveld 1
Incorporation
published on 13-08-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PUBLIBURO Ninove | €247,559 | €286,522 | 16.1% | - |
| BIZUP Grez-Doiceau | €267,562 | €246,602 | -4.4% | - |
| MEDIA BELGIUM Waregem | €248,946 | €235,446 | 22.5% | - |
| Dising Plus Ouffet | €307,444 | €286,036 | 62.0% | 3.5 |
| A-ROUND Antwerp | €296,551 | €324,862 | 5.7% | - |
| BIGTREES Ghent | €243,995 | €268,621 | 26.7% | - |
| ALMAX & CO Geraardsbergen | €288,040 | €181,375 | 65.0% | - |
These companies have the same main activity as PUBLIBURO: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €244,000 and €307,000, founded between 2004 and 2010.
Official details
Source: KBO- Status
- Active since 04-08-2008Normal situation
- Activity
- Advertising agenciesNACE 73110and 2 others
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment units
- 2.173.449.2079400 Ninove, since 30-07-2008
- 2.339.981.4789402 Ninove, since 02-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 16-06-2024
Annual accounts 2025
- €247,559▲ 27.2%
- Employeeson 31-12-2025
- 6▲ 20.0%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on PUBLIBURO
PUBLIBURO files the micro format. That format states no turnover. The gross margin fell from €457,361 in 2009 to €286,522 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PUBLIBURO
- What is the company number of PUBLIBURO?
- The company number of PUBLIBURO is 0899.608.682. The VAT number is the same number with BE in front: BE 0899.608.682.
- Where is PUBLIBURO based?
- The registered office is at Désiré De Bodtkaai 10, 9400 Ninove.Company details
- What does PUBLIBURO do?
- According to the KBO register, the main activity is advertising agencies (NACE 73110).
- What is the legal form of PUBLIBURO?
- PUBLIBURO is a private limited company (BV).
- When was PUBLIBURO founded?
- PUBLIBURO was founded on 04-08-2008.
- Is PUBLIBURO still active?
- Yes, PUBLIBURO is an active enterprise in the KBO register.
- How many employees does PUBLIBURO have?
- PUBLIBURO had an average of 5.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does PUBLIBURO fall under?
- In its 2025 annual accounts, PUBLIBURO states joint committees 100 (Auxiliary committee for blue-collar workers) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of PUBLIBURO?
- The turnover in financial year 2025 is ≈ €550,000. This figure is estimated from the gross margin of €286,522 and 46 comparable companies (NACE 73). It probably lies between €390,000 and €720,000.
- Is PUBLIBURO profitable?
- In financial year 2025, PUBLIBURO made a profit of €30,703.
- Where can I find the annual accounts of PUBLIBURO?
- PUBLIBURO filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PUBLIBURO due?
- PUBLIBURO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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