PUBLIBYTES
ActivePUBLIBYTES has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-16k) and a net result of €-9k. Equity is shrinking by ~36% per year across the filed fiscal years. Its solvency ranks better than 11% of 3476 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability40▼-15
Solvency3▼-15
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.63 against 0.73 in 2024; short-term debt: 64.8% and cash: 12.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-21.7%
Return on assets
-12.4%
Age of the figures
15 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-16k
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 22-01-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
46 d early
2023
13 d late
2022
8 d late
2021
4 d early
2020
25 d late
2019
22 d early
← before the deadline
after the deadline →
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 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-16k▼ 133%
2024 · €-7k
2019: €-27k
2020: €12k
2021: €3k
2022: €33k
2023: €-3k
2024: €-7k
2019 → 2025
Total assets
€72k▼ 23.4%
2024 · €94k
2019: €194k
2020: €193k
2021: €183k
2022: €186k
2023: €113k
2024: €94k
2019 → 2025
Net result
€-9k▼ 116%
2024 · €-4k
2019: €75k
2020: €39k
2021: €-8k
2022: €30k
2023: €-36k
2024: €-4k
2019 → 2025
Working capital
€-17k▼ 41.7%
2024 · €-12k
2019: €-38k
2020: €3k
2021: €-14k
2022: €9k
2023: €-18k
2024: €-12k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3k-€33k▲ 957%€-3k€-7k▼ 162%€-16k▼ 133%
Operating result€151-€41k▲ 27,324%€-31k€1k€-5k
Net result€-8k-€30k€-36k€-4k▲ 88.4%€-9k▼ 116%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €1k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72k
Fixed assets
€43k▼ 30.4%
Current assets
€29k▼ 10.2%
Key figures and ratios
EBITDA
€17k▼
2024 · €25k
Cash flow
€13k▼
2024 · €19k
Solvency
-21.7%▼
2024 · -7.1%
Current ratio
0.63▼
2024 · 0.73
Quick ratio
0.63▼
2024 · 0.73
Debt / equity
-5.60▲
2024 · -15.01
ROA
-12.4%▼
2024 · -4.4%
Interest coverage
4.43▼
2024 · 5.05
Debt
€88k▼
2024 · €101k
Debt ≤ 1 year
€47k▲
2024 · €45k
Debt > 1 year
€41k▼
2024 · €56k
Income taxes
€290▼
2024 · €502
Staff costs
€47k▼
2024 · €72k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€94k€72k▼
Fixed assets21/28€61k€43k▼
Intangible fixed assets21€49k€37k▼
Tangible fixed assets22/27€11k€5k▼
Plant, machinery and equipment23€8k€4k▼
Furniture and vehicles24€3k€1k▼
Financial fixed assets28€1k€1k=
Current assets29/58€33k€29k▼
Amounts receivable within one year40/41€22k€20k▼
Trade receivables40€22k€20k▼
Current investments50/53€0€0=
Cash at bank and in hand54/58€10k€9k▼
Deferred charges and accrued income490/1-€536
Equity and liabilities
Total equity and liabilities10/49€94k€72k▼
Equity10/15€-7k€-16k▼
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€73k€6k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€4k€4k=
Distributable reserves133€67k-
Profit (loss) carried forward14€-86k€-28k▲
Amounts payable17/49€101k€88k▼
Amounts payable after more than one year17€56k€41k▼
Financial debts170/4€56k€41k▼
Amounts payable within one year42/48€45k€47k▲
Current portion of amounts payable after more than one year42€14k€15k▲
Trade debts44€9k€13k▲
Suppliers440/4€9k€13k▲
Taxes, remuneration and social security45€7k€7k▼
Taxes450/3€4k€7k▲
Remuneration and social security454/9€3k-
Other amounts payable47/48€15k€12k▼
Income statement
Code20242025
Remuneration, social security and pensions62€72k€47k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€22k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€99k€66k▼
Operating profit (loss)9901€1k€-5k▼
Financial income75/76B€61€118▲
Recurring financial income75€61€118▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€-4k€-9k▼
Income taxes67/77€502€290▼
Profit (loss) for the period9904€-4k€-9k▼
Profit (loss) for the period to be appropriated9905€-4k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-86k€-95k▼
Profit (loss) brought forward from the previous period14P€-82k€-86k▼
Transfer from equity791/2-€67k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
13-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
30-06
Financial
Weakest financial yearnet €-36k ▼219%
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
08-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
30-06
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
13-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kapellen · 2 establishment units since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Antwerpsesteenweg 622950 KapellenGround area
569 m²
Building footprint
448 m²
Volume, LiDAR
3,503 m³
2 parcels, Flanders · tallest building 16.1 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
PUBLIBYTES
since 20052.150.632.530
PUBLIBYTES
since 20072.172.544.137
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0368/00H000 | Flanders | 403 m² | 1 · 325 m² | 16.1 m · 1 fl. |
| 11902F0121/00L003 | Flanders | 166 m² | 1 · 123 m² | 12.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Similar companies · same sector, comparable size
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POSTSCRIPTUM
BE 0475.089.370
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Utopix Pictures
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FOTO KURT
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Lichtervelde · Eq €33k
Of 14,143 companies in sector 74201 we hold annual accounts for 2,612. 1,851 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-07-2005
Fiscal year end30-06
Activities, NACEBEL
74201Photography, excluding press photography
74811
16281Manufacture of other wood products
31009Manufacture of furniture
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.