Equity
Equity fell by 70% in 16 years.
Equity fell by 70% in 16 years.
The micro format states no turnover.
Of this, €157,003 falls due within a year.
Green is investment, beige is depreciation. Land and buildings stand 675.9% higher than in 2024.
In 2025, 2 people joined and 1 left.
Five of the last ten came late. The 2017 accounts came latest: 59 days after the end of the period.
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).
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).
In July 2024, 5,053 companies had the same profile as PUBLIBURO has now. Each dot stands for 13 companies, two years later.
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.
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.
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.
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 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.
| 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.
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.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €550,000. Estimated: probably between €390,000 and €720,000.
Higher than 22% of 8,614 companies in 2025.
Higher than 29% of 8,290 companies in 2025.
Higher than 54% of 8,399 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 2 people joined and 1 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
247,559 | 194,580 | 225,036 | 199,589 | 110,690 | 180,353 | 218,615 | 155,105 | 97,384 | 119,820 | 147,436 | 196,666 | 316,893 | 397,314 | 523,147 | 690,264 | 651,104 | |
21/28 |
68,158 | 44,045 | 47,937 | 60,671 | 22,645 | 33,810 | 35,247 | 38,374 | 18,296 | 9,452 | 16,507 | 45,703 | 99,259 | 228,081 | 352,329 | 415,547 | 394,435 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 80,400 | 160,800 | 241,200 | 321,600 | |
22/27 |
66,908 | 42,795 | 46,687 | 59,421 | 21,395 | 32,560 | 33,997 | 37,124 | 18,296 | 9,452 | 16,507 | 45,703 | 99,259 | 147,681 | 191,529 | 174,347 | 72,835 | |
22 |
35,840 | 4,619 | 4,728 | 6,578 | 2,702 | 3,568 | - | - | - | - | 2,725 | 5,621 | 33,595 | - | - | - | - | |
23 |
1,925 | 3,126 | 3,469 | 6,095 | 5,125 | 8,987 | 13,246 | 12,276 | 17,258 | 5,993 | 5,899 | 13,039 | 17,415 | 22,955 | 27,023 | 16,294 | 6,980 | |
24 |
29,143 | 35,050 | 38,489 | 46,748 | 13,568 | 20,005 | 20,751 | 24,848 | 1,038 | 3,459 | 7,883 | 27,043 | 48,249 | 54,773 | 71,820 | 32,592 | 32,322 | |
26 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 69,953 | 92,686 | 125,461 | 33,534 | |
28 |
1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | - | - | - | - | - | - | - | - | - | |
29/58 |
179,401 | 150,535 | 177,100 | 138,918 | 88,044 | 146,543 | 183,368 | 116,731 | 79,088 | 110,367 | 130,929 | 150,963 | 217,634 | 169,232 | 170,818 | 274,717 | 256,668 | |
3 |
24,024 | 27,757 | 15,784 | 18,283 | 18,973 | 19,992 | 21,926 | 21,078 | 22,203 | 24,821 | 22,235 | 23,736 | 21,337 | 24,415 | 17,700 | 16,271 | 3,750 | |
30/36 |
24,024 | 27,757 | 15,784 | 18,283 | 18,973 | 19,992 | 21,926 | 21,078 | 22,203 | 24,821 | 22,235 | 23,736 | 21,337 | 24,415 | 17,700 | 16,271 | 3,750 | |
40/41 |
102,519 | 88,056 | 147,677 | 109,676 | 60,704 | 118,691 | 144,210 | 84,860 | 51,425 | 73,277 | 92,735 | 110,108 | 170,278 | 118,929 | 113,992 | 241,424 | 198,329 | |
40 |
102,460 | 87,746 | 147,578 | 109,676 | 58,280 | 116,306 | 142,647 | 84,860 | 51,425 | 73,277 | 92,272 | 110,108 | 137,613 | 88,438 | 94,047 | 218,684 | 181,352 | |
41 |
59 | 310 | 100 | 0 | 2,424 | 2,384 | 1,562 | - | - | - | 463 | - | 32,665 | 30,491 | 19,944 | 22,740 | 16,976 | |
54/58 |
47,068 | 30,615 | 7,386 | 5,290 | 4,056 | 2,607 | 11,928 | 5,073 | 5,460 | 7,618 | 12,710 | 13,870 | 17,509 | 25,889 | 39,127 | 17,022 | 54,590 | |
490/1 |
5,791 | 4,108 | 6,252 | 5,669 | 4,311 | 5,253 | 5,304 | 5,719 | - | 4,652 | 3,249 | 3,249 | 8,510 | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
247,559 | 194,580 | 225,036 | 199,589 | 110,690 | 180,353 | 218,615 | 155,105 | 97,384 | 119,820 | 147,436 | 196,666 | 316,893 | 397,314 | 523,147 | 690,264 | 651,104 | |
10/15 |
39,847 | 9,144 | -20,980 | -60,273 | -113,969 | -166,186 | -187,709 | -205,495 | -238,977 | -271,841 | -274,781 | -306,550 | -200,862 | -116,111 | -29,831 | 61,626 | 133,263 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
13 |
19,847 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 20,750 | 20,750 | 20,750 | 20,750 | 20,750 | 20,750 | 20,750 | 20,750 | 20,750 | |
130/1 |
- | - | 0 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
1311 |
- | - | 0 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | - | - | - | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | |
133 |
19,847 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
0 | -12,856 | -42,980 | -82,273 | -135,969 | -188,186 | -209,709 | -227,495 | -279,727 | -312,591 | -315,531 | -347,300 | -241,612 | -156,861 | -70,581 | 20,876 | 92,513 | |
17/49 |
207,712 | 185,436 | 246,016 | 259,862 | 224,658 | 346,538 | 406,323 | 360,600 | 336,361 | 391,661 | 422,217 | 503,216 | 517,755 | 513,425 | 552,978 | 628,638 | 517,841 | |
17 |
50,709 | 84,566 | 108,141 | 141,353 | 112,889 | 120,853 | 131,897 | 143,095 | 138,587 | 186,250 | 247,250 | 313,611 | 279,309 | 346,172 | 426,733 | 442,250 | 389,059 | |
170/4 |
8,912 | 16,664 | 24,141 | 31,353 | 2,889 | 10,853 | 21,897 | 33,095 | 28,587 | 76,250 | 137,250 | 203,611 | 279,309 | 346,172 | 426,733 | 442,250 | 389,059 | |
178/9 |
41,797 | 67,902 | 84,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | 110,000 | - | - | - | - | - | |
42/48 |
157,003 | 100,871 | 137,875 | 118,480 | 111,769 | 225,685 | 274,426 | 216,824 | 197,774 | 205,410 | 174,967 | 189,605 | 238,446 | 167,253 | 126,246 | 186,388 | 128,782 | |
42 |
7,752 | 7,477 | 7,212 | 9,845 | 7,964 | 11,044 | 10,862 | 25,600 | 64,850 | 61,000 | 65,772 | 75,149 | 83,370 | 82,120 | 82,120 | 61,000 | 61,000 | |
43 |
- | - | - | - | - | 1,293 | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
- | - | - | - | - | 1,293 | - | - | - | - | - | - | - | - | - | - | - | |
44 |
73,685 | 46,535 | 88,012 | 74,347 | 25,829 | 43,786 | 105,550 | 111,708 | 87,464 | 83,527 | 44,480 | 77,126 | 103,229 | 47,208 | 35,678 | 78,311 | 27,782 | |
440/4 |
73,685 | 46,535 | 88,012 | 74,347 | 25,829 | 43,786 | 105,550 | 111,708 | 87,464 | 83,527 | 44,480 | 77,126 | 103,229 | 47,208 | 35,678 | 78,311 | 27,782 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | 2,668 | - | - | - | - | - | |
45 |
71,988 | 44,621 | 41,456 | 34,278 | 38,742 | 52,328 | 40,363 | 32,058 | 45,460 | 60,884 | 64,715 | 34,662 | 51,847 | 37,924 | 8,447 | 47,076 | 40,000 | |
450/3 |
46,399 | 33,500 | 30,758 | 23,760 | 31,157 | 32,063 | 40,363 | 32,058 | 35,324 | 42,799 | 46,311 | 25,202 | 42,806 | 37,924 | - | 39,173 | 40,000 | |
454/9 |
25,589 | 11,121 | 10,698 | 10,517 | 7,585 | 20,265 | - | - | 10,137 | 18,085 | 18,403 | 9,460 | 9,040 | 0 | 8,447 | 7,903 | - | |
47/48 |
3,578 | 2,238 | 1,195 | 11 | 39,234 | 117,234 | 117,651 | 47,458 | - | - | - | - | - | - | - | - | - | |
492/3 |
- | - | 0 | 29 | - | - | - | 681 | - | - | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||||||
76A |
- | - | 0 | 6,910 | - | 1,496 | - | 11,570 | - | - | - | - | - | - | - | - | - | |
9900 |
286,522 | 244,357 | 217,456 | 184,727 | 164,038 | 148,312 | 189,927 | 238,735 | 224,230 | 217,520 | 285,792 | 148,903 | 263,750 | 219,441 | 194,889 | 194,177 | 457,361 | |
62 |
224,001 | 191,152 | 157,193 | 118,724 | 90,217 | 108,735 | 152,341 | 176,814 | 172,564 | 186,799 | 206,954 | 173,242 | 175,661 | 132,461 | 103,536 | 111,026 | 140,209 | |
630 |
17,881 | 17,425 | 16,787 | 6,674 | 15,061 | 14,625 | 12,824 | 13,215 | 8,266 | 10,851 | 30,309 | 60,141 | 152,319 | 144,489 | 149,309 | 128,616 | 98,670 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | -2,205 | 2,205 | - | - | - | - | - | |
640/8 |
2,094 | 1,825 | 1,980 | 4,093 | 1,284 | 1,126 | 2,019 | 3,230 | 3,316 | 3,064 | 5,401 | 2,760 | 3,118 | 2,721 | 5,559 | 3,391 | 4,847 | |
66A |
- | - | - | - | - | 186 | - | 298 | - | - | - | - | - | - | 4,960 | - | - | |
9901 |
42,546 | 33,956 | 41,496 | 55,236 | 57,475 | 23,640 | 22,743 | 45,179 | 40,084 | 16,805 | 45,333 | -89,444 | -67,349 | -60,229 | -63,515 | -48,855 | 213,634 | |
75/76B |
35 | 27 | 202 | 89 | 260 | 358 | 66 | 866 | 1,422 | 24 | 116 | 369 | 2,780 | 2,658 | 2,678 | 3,953 | 4,352 | |
75 |
35 | 27 | 202 | 89 | 260 | 358 | 66 | 866 | 1,422 | 24 | 116 | 369 | 2,780 | 2,658 | 2,678 | 3,953 | 4,352 | |
65/66B |
1,243 | 1,784 | 2,048 | 1,307 | 1,125 | 2,209 | 4,728 | 12,301 | 8,345 | 13,587 | 13,482 | 16,453 | 19,808 | 28,709 | 24,835 | 26,735 | 54,723 | |
65 |
1,243 | 1,784 | 2,048 | 1,307 | 1,125 | 2,209 | 4,728 | 12,301 | 8,345 | 10,338 | 13,482 | 16,453 | 19,808 | 28,709 | 24,835 | 26,735 | 54,723 | |
66B |
- | - | - | - | - | - | - | - | - | 3,249 | - | - | - | - | - | - | - | |
9903 |
41,337 | 32,199 | 39,649 | 54,017 | 56,610 | 21,789 | 18,081 | 33,744 | 33,161 | 3,242 | 31,967 | -105,528 | -84,377 | -86,280 | -90,632 | -71,637 | 163,263 | |
67/77 |
10,634 | 2,076 | 356 | 321 | 4,393 | 266 | 295 | 262 | 298 | 302 | 198 | 160 | 374 | - | 825 | - | 50,000 | |
9904 |
30,703 | 30,123 | 39,293 | 53,696 | 52,217 | 21,523 | 17,786 | 33,482 | 32,864 | 2,940 | 31,769 | -105,688 | -84,751 | -86,280 | -91,457 | -71,637 | 113,263 | |
789 |
- | - | - | - | - | - | - | 18,750 | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18,750 | |
9905 |
30,703 | 30,123 | 39,293 | 53,696 | 52,217 | 21,523 | 17,786 | 52,232 | 32,864 | 2,940 | 31,769 | -105,688 | -84,751 | -86,280 | -91,457 | -71,637 | 94,513 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
17,847 | -12,856 | -42,980 | -82,273 | -135,969 | -188,186 | -209,709 | -227,495 | -279,727 | -312,591 | -315,531 | -347,300 | -241,612 | -156,861 | -70,581 | 20,876 | 94,513 | |
14P |
-12,856 | -42,980 | -82,273 | -135,969 | -188,186 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
17,847 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,000 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,000 | |
6921 |
17,847 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||
9087 |
5.2 | 5.1 | 5.5 | 5 | 5.5 | 5.4 | 4.4 | 5.2 | 5.6 | 5.6 | 5.3 | 4.7 | 4.5 | 4.3 | 4.3 | 3.2 | 2.9 | |
Hours worked1013 |
8,153 | 7,116 | 6,227 | 4,470 | 3,439 | 3,486 | 5,331 | 6,691 | 7,268 | 7,268 | 8,079 | 7,127 | 7,308 | 7,107 | 5,775 | 5,214 | 6,915 | |
| Document | ||||||||||||||||||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00352047 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00209887 | |
| 31-12-2023 | micro format | 17-07-2024 | 2024-00251934 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00351707 | |
| 31-12-2021 | micro format | 08-07-2022 | 2022-20161965 | |
| 31-12-2020 | micro format | 18-06-2021 | 2021-21000469 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-50000551 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-55500535 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-65600053 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-58100164 | |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-53100254 | |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-51600137 | |
| 31-12-2013 | abbreviated format | 31-07-2014 | 2014-38300071 | |
| 31-12-2012 | abbreviated format | 24-12-2013 | 2013-70000052 | |
| 31-12-2011 | abbreviated format | 28-09-2012 | 2012-58600332 | |
| 31-12-2010 | abbreviated format | 31-08-2011 | 2011-51600195 | |
| 31-12-2009 | abbreviated format | 30-08-2010 | 2010-46400342 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €9,162 | €9,162 |
| 2024 | 1 | €13,759 | €13,759 |
| 2023 | 2 | €10,438 | €10,438 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 60,426 | 51,380 | 58,283 | 61,909 | 72,536 | 38,265 | 35,567 | 58,394 | 48,350 | 27,657 | 75,642 | -29,304 | 84,970 | 84,260 | 85,794 | 79,761 | 312,305 | ||
| 48,584 | 47,548 | 56,080 | 60,370 | 67,278 | 36,148 | 30,610 | 46,697 | 41,130 | 13,791 | 62,078 | -45,548 | 67,568 | 58,209 | 57,851 | 56,979 | 211,933 | ||
| 41,994 | 13,533 | 4,053 | 50,912 | 3,897 | 13,188 | 9,697 | 33,293 | 17,110 | 3,797 | 1,113 | 6,584 | 23,497 | 20,241 | 99,290 | 149,727 | 493,106 | ||
| 16,453 | 23,228 | 2,096 | 1,235 | 1,448 | -9,321 | 6,855 | -387 | -2,158 | -5,092 | -1,160 | -3,639 | -8,380 | -13,238 | 22,105 | -37,568 | - | ||
| 22,398 | 49,665 | 39,224 | 20,438 | -23,725 | -79,142 | -91,058 | -100,093 | -118,686 | -95,043 | -44,037 | -38,642 | -20,812 | 1,979 | 44,573 | 88,329 | 127,886 | ||
| 16.1% | 4.7% | -9.3% | -30.2% | -103.0% | -92.1% | -85.9% | -132.5% | -245.4% | -226.9% | -186.4% | -155.9% | -63.4% | -29.2% | -5.7% | 8.9% | 20.5% | ||
| 1.14 | 1.49 | 1.28 | 1.17 | 0.79 | 0.65 | 0.67 | 0.54 | 0.40 | 0.54 | 0.75 | 0.80 | 0.91 | 1.01 | 1.35 | 1.47 | 1.99 | ||
| 0.99 | 1.22 | 1.17 | 1.02 | 0.62 | 0.56 | 0.59 | 0.44 | 0.29 | 0.42 | 0.62 | 0.67 | 0.82 | 0.87 | 1.21 | 1.39 | 1.96 | ||
| 5.21 | 20.28 | - | - | - | - | - | - | - | - | - | - | - | - | - | 10.20 | 3.89 | ||
| 77.1% | 329.4% | - | - | - | - | - | - | - | - | - | - | - | - | - | -116.2% | 85.0% | ||
| 12.4% | 15.5% | 17.5% | 26.9% | 47.2% | 11.9% | 8.1% | 21.6% | 33.7% | 2.5% | 21.5% | -53.7% | -26.7% | -21.7% | -17.5% | -10.4% | 17.4% | ||
| 48.61 | 28.80 | 28.46 | 47.35 | 64.47 | - | - | - | - | - | - | - | - | - | - | - | - |
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 | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 6 | 5 | 7 | 7 | 7 |
| full-time | 5 | 3 | 5 | 5 | 5 |
| part-time | 1 | 2 | 2 | 2 | 2 |
| in full-time equivalents | 5.3 | 4.1 | 5.5 | 5.5 | 5.5 |
| 5.2 | 5.1 | 5.5 | 5 | 5.5 | |
| On a permanent contract | 6 | 5 | 6 | 6 | 7 |
| Joined | 2 | 2 | - | 2 | - |
| Left | 1 | 4 | - | 2 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €41,994 | €13,533 | €4,053 | €50,912 | €3,897 |
| Financial fixed assets | €0 | - | - | - | - |
| €17,881 | €17,425 | €16,787 | €6,674 | €15,061 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 25% higher than in 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 95.3% to 83.9%. Equity and debt are higher.
PUBLIBURO has no parent and no holdings in its annual accounts. ADAM Joachim is the only director. PUBLIBURO shares no director with another company.
| MANAGING SPORTS AND EVENTS
registered office since 15-04-2010 |
founded in 2010 0825.005.685 |
Deadline for the 2026 accounts: 31-07-2027
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 |
|---|---|---|
| Désiré De Bodtkaai 10 registered office 9400 Ninove | 30-07-2008 | 2.173.449.207 |
| Hoendersveld 1 9402 Ninove | 02-01-2023 | 2.339.981.478 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 41038B0637/00E000 | 2,532 m² | 1 · 161 m² | 8.0 m · 2 |
| 41362B1218/00Z004 | 203 m² | - | - |
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