PUBLICAE
ActivePUBLICAE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €152k and a net result of €-23k. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 41% of 1236 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
15
/ 100
Critical▼ -37 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-37
Solvency52▼-5
Growth32=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.17 in 2023), and 60.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 · 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 2024Solvency, return and age of the figures
Solvency
39.6%
Return on assets
-5.9%
Age of the figures
20 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
30 d early
2022
32 d late
2021
77 d late
2020
75 d late
2019
7 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€152k▼ 13.0%
2023 · €175k
2018: €235k
2019: €193k
2020: €191k
2021: €179k
2022: €162k
2023: €175k
2018 → 2024
Total assets
€384k▼ 2.4%
2023 · €393k
2018: €503k
2019: €756k
2020: €725k
2021: €697k
2022: €666k
2023: €393k
2018 → 2024
Net result
€-23k
2023 · €13k
2018: €97k
2019: €-42k
2020: €-2k
2021: €-12k
2022: €-18k
2023: €13k
2018 → 2024
Working capital
€-90k▲ 42.8%
2023 · €-157k
2018: €-116k
2019: €-190k
2020: €-184k
2021: €-206k
2022: €-214k
2023: €-157k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€191k-€179k▼ 6.3%€162k▼ 9.8%€175k▲ 7.9%€152k▼ 13.0%
Operating result€6k-€-2k€-14k▼ 609%€35k€-18k
Net result€-2k-€-12k▼ 490%€-18k▼ 44.9%€13k€-23k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €18k after €35k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €384k
Fixed assets
€354k▼ 2.1%
Current assets
€30k▼ 5.6%
Equity and liabilities €384k
Equity
€152k▼ 13.0%
Provisions
€29k▼ 5.3%
Debt
€203k▲ 7.9%
The debt ratio rises from 47.9% to 52.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€197▼
2023 · €51k
Cash flow
€-4k▼
2023 · €29k
Solvency
39.6%▼
2023 · 44.4%
Current ratio
0.25▲
2023 · 0.17
Quick ratio
0.18▲
2023 · 0.13
Debt / equity
1.34▲
2023 · 1.08
ROE
-14.9%▼
2023 · 7.3%
ROA
-5.9%▼
2023 · 3.3%
Interest coverage
0.03▼
2023 · 2.14
Debt
€203k▲
2023 · €188k
Debt ≤ 1 year
€119k▼
2023 · €188k
Debt > 1 year
€84k
Income taxes
€0▼
2023 · €2k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€393k€384k▼
Fixed assets21/28€362k€354k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€361k€354k▼
Land and buildings22€341k€336k▼
Plant, machinery and equipment23€6k€9k▲
Furniture and vehicles24€14k€9k▼
Financial fixed assets28€250€250=
Current assets29/58€31k€30k▼
Stocks and contracts in progress3€7k€8k▲
Stocks30/36€7k€8k▲
Amounts receivable within one year40/41€23k€19k▼
Trade receivables40€23k€19k▼
Current investments50/53€7€7=
Cash at bank and in hand54/58€1k€2k▲
Deferred charges and accrued income490/1€248€195▼
Equity and liabilities
Total equity and liabilities10/49€393k€384k▼
Equity10/15€175k€152k▼
Contributions10/11€62k€62k=
Reserves13€113k€91k▼
Tax-exempt reserves132€72k€68k▼
Distributable reserves133€41k€23k▼
Profit (loss) carried forward14-€-945
Provisions and deferred taxes16€30k€29k▼
Deferred taxes168€30k€29k▼
Amounts payable17/49€188k€203k▲
Amounts payable after more than one year17-€84k
Financial debts170/4-€84k
Amounts payable within one year42/48€188k€119k▼
Current portion of amounts payable after more than one year42-€6k
Financial debts43€50k€0▼
Credit institutions430/8€50k€0▼
Trade debts44€19k€15k▼
Suppliers440/4€19k€15k▼
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€6k€5k▼
Other amounts payable47/48€113k€91k▼
Accrued charges and deferred income492/3-€123
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€18k▲
Other operating charges640/8€6k€6k▲
Gross operating margin9900€57k€7k▼
Operating profit (loss)9901€35k€-18k▼
Financial income75/76B€32€0▼
Recurring financial income75€32€0▼
Financial charges65/66B€24k€6k▼
Recurring financial charges65€24k€6k▼
Profit (loss) for the period before taxes9903€11k€-24k▼
Transfer from deferred taxes780€4k€2k▼
Income taxes67/77€2k€0▼
Profit (loss) for the period9904€13k€-23k▼
Transfer from tax-exempt reserves789€10k€4k▼
Profit (loss) for the period to be appropriated9905€23k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€-19k▼
Transfer from equity791/2-€18k
Transfer to equity691/2€23k€0▼
To other reserves6921€23k€0▼
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
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €13k
Net result €13k after 4 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
16-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 77 days late
2021
14-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 75 days late
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-42k ▼143%
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Oostende · 1 establishment unit since 1993
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.
Oudenburgsesteenweg 318400 OostendeGround area
4.9 ha
Building footprint
1.2 ha
Volume, LiDAR
97,971 m³
Parcel 35382G0267/00T000, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Caelen Publicae
since 19932.061.870.107
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382G0267/00T000 | Flanders | 4.9 ha | 1 · 1.2 ha | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Arttra-Design
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Decock Deco Screen
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BAJOD
BE 0896.309.296
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LUCA - SCREEN
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Of 1,596 companies in sector 18120 we hold annual accounts for 804. 612 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-03-1993
Fiscal year end31-12
Activities, NACEBEL
18120Other printing
74142
64200Holdings
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.