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PUBLICAN BE

Active
Private limited companyfounded 20224 yrs activeStadsbeemd 1013, 3545 Halen, BelgiumKBO/BCE: BE 0791.597.994
Summary

The computed 12-month bankruptcy probability of PUBLICAN BE is 5.3% (elevated). The 2025 annual accounts show negative equity (-€409,475) and a net result of -€313,883. Equity is shrinking by ~127.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 3332 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
PUBLICAN BEActiveChecked score 34/100
Risk analysis ReportCompare

Overview

Activity
Computer programming
NACE 62100NACE 62010
1 site
Size
€84,478total assets 2025
Staff
1.3 FTE
Equity
-€409,475
Loss
-€313,883
Turnover not published (abridged schema)
Financial health
34 Weak Checked score 2025
Bankruptcy chance 12 m
5.3%
Structure
Parent
ACEVE Belgium · 100%
Board
3 members
Accounts 21 d early2 of 8 deeds read
Why 34- 2 changes of registered office in 24 months- Negative equity -€409,475+ Sector Computer programming, consultancy and related activities (NACE 62)+ Founded in 2022Show the evidence

Checked score

Score 2025
34 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 4% of its sector peers (NACE 62, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -484.7% of total assets
Liquidity 15-19
short-term debt 476.5% · cash 12.2%
Profitability 0=
return on assets -371.6%
Bankruptcy probability, 12 months
5.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,833 companies)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.2%▲ +204% vs 11-2024 01-2025: 0.2%▼ -5.6% vs 12-2024 02-2025: 0.2%● 0.0% vs 01-2025 03-2025: 0.2%▼ -1.8% vs 02-2025 04-2025: 0.2%▲ +1.9% vs 03-2025 05-2025: 1.3%▲ +474% vs 04-2025 06-2025: 1.2%▼ -2.0% vs 05-2025 07-2025: 1.2%▲ +0.2% vs 06-2025 08-2025: 3.6%▲ +192% vs 07-2025 09-2025: 3.6%● 0.0% vs 08-2025 10-2025: 3.6%● 0.0% vs 09-2025 11-2025: 3.6%● 0.0% vs 10-2025 12-2025: 3.6%● 0.0% vs 11-2025 01-2026: 3.6%▼ -0.5% vs 12-2025 02-2026: 3.6%● 0.0% vs 01-2026 03-2026: 3.5%▼ -1.8% vs 02-2026 04-2026: 3.5%● 0.0% vs 03-2026 05-2026: 3.5%● 0.0% vs 04-2026 06-2026: 3.2%▼ -10.1% vs 05-2026 07-2026: 3.2%▲ +0.4% vs 06-2026 08-2026: 5.3%▲ +67.7% vs 07-2026highest value 09-2026: 5.3%▼ -0.2% vs 08-2026 10-2026: 5.3%● 0.0% vs 09-2026
  • 2 changes of registered office in 24 months raises the probability
  • Sector Computer programming, consultancy and related activities (NACE 62) lowers the probability
  • Negative equity -€409,475 raises the probability
  • Founded in 2022 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.19 against 0.47 in 2024; short-term debt: 476.5% and cash: 12.2% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 62, micro). Better than this share of them on solvency 3%, liquidity 6%, profitability 5%, growth against the median 1%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 2 changes of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Sector Computer programming, consultancy and related activities (NACE 62)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Negative equity -€409,475
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 2022
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
22232425
2022 to 2025 · latest year -€409,475
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 10-07-2026, 21 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
21 d early
2024
30 d early
2023
on the day
2022
19 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 11 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. MiscellaneousPermanent representatives: Niels Decraene and…
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Resignations: KPD Services NV (director) and…Appointments: Claus Thorsgaard, Marinus Matthëus…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€409,475 View
  • Risk: 4 loss-making years in a rowloss fiscal year 2025 -€313,883 View
  • Caution: Equity fell in 2025from -€95,591 to -€409,475 ▼ 328% View
  • Caution: Among the weakest 5% on solvencysector median 46.7% · 3,332 companies -484.7% View
  • Board changedlatest change 03-12-2025 · 3 in office 3 joined · 2 left View
  • Controlled by ACEVE Belgiumultimately: Buildco 100% View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View
  • Flemish supportawarded 2022 - 2025 €153,983 View

By topic

Financials

Fiscal year
2025
Total assets
€84,478
Loss
-€313,883
Solvency
-484.7%
Total assets▲ 161%
Net result
20222025
Go to Financials

Timeline

Events
7
Since
2023
Next accounts
by 31-07-2027
  1. 20-08-2026Miscellaneous
  2. 10-07-2026Annual accounts filed
  3. 18-02-2026Resignations: KPD Services NV (director) and DL…
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Computer programmingNACE 62100
Founded
29-09-2022
Year ends
31-12
Peppol
No longer on Peppol
Go to Company details

Articles of association

Provisions read
31
Who signs
Two directors jointly
Purpose
Het ontwikkelen en commercialiseren van technologie en software betreffende een…
Go to Articles of association

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