Turnover
≈ €430,000 estimated
The accounts state no turnover.
PUBLICIA
Lifetime
20 annual accounts with figures on one time axis, 39 filings since 1987peak €322,873 (2014)
€231,097▲ 9.5%
lowest -€16,162 (2021)
-€2,847▼ €3,836
peak €221,893 (2019)
€201,066▼ 1.4%
€121,224▼ 35.4%
peak 4 FTE (2013)
-not published
Board5 names since 2016
4 directorsCOSTARELLI FABRICE and 3 others
Owners2 names in the annual accounts
99.92%GRAPHIC COLOR
Documentsfilings and deeds
17-07-202614 days before the deadline
2025abbreviated format
Loss of €2,847Debts from €187,722 to €121,224Cash from €85,392 to €43,109
Key points
from the 2025 annual accountsChecked score
92
Excellent
Financially stronger than 38% 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 11,230 companies (NACE 73, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025highest value
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026lowest value
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
lowers risk
Founded in 1986
Liquidity: current ratio 2.67, cash €43,109
Size: total assets €322,290
Figures for financial year 2025 (filed on 17-07-2026)
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 60% of them on solvency, 33% on liquidity, 20% on profitability and 40% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 12,322 companies had the same profile as PUBLICIA has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PUBLICIA itself: < 0.1% within 12 months.
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 12,322 companies, not a prediction for PUBLICIA. 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 €18,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.67 (2.09 in 2024), above the usual 1.5. Short-term debt is 37.4% and cash 13.4% of total assets. 37.6% of the assets are financed with debt and provisions.
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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.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 days early
2024
58 days early
2023
on the day
2022
7 days late
2021
19 days late
2020
24 days late
2019
14 days early
← 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 5 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 1 August (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
Board and ownership
CF
COSTARELLI FABRICE
Director, since 13-05-2022
- GRAPHIC COLOR 99.92%score 92equity €341,921 (2025) · 2025 annual accounts of GRAPHIC COLOR
- AGENCE MAC & CO 30%equity -€25,774 (2025) · 2023 annual accounts of AGENCE MAC & CO
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0430007433
Resignation: Serge Macken (director)
Appointment: Aurélie Costarelli (director) · Director discharge: Serge Macken · General meeting of 03-05-2024 · Gazette deed
Reappointments: Fabricio COSTARELLI (director) and Serge MACKEN (director)
General meeting of 21-12-2023 · Gazette deed
Reappointments: Fabricio COSTARELLI (managing director) and Serge MACKEN (director)
General meeting of 13-05-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PUBLICIA Mons | €322,290 | €231,097 | 62.4% | - |
| GRAFICO Hechtel-Eksel | €301,190 | €223,008 | 14.0% | - |
| All-Signs Antwerp | €347,907 | €205,324 | 23.3% | - |
| SERIDEL Nivelles | €306,913 | €283,291 | -10.4% | - |
| GRAB IT Chaumont-Gistoux | €275,772 | €305,705 | 88.5% | - |
| NOREL Enghien | €355,083 | €168,302 | 65.7% | 3.3 |
| PRINTOMAT Gerpinnes | €426,648 | €250,451 | 70.9% | - |
These companies have the same main activity as PUBLICIA: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €276,000 and €427,000, founded between 1981 and 1995.
Official details
Source: KBO- Status
- Active since 22-12-1986Normal situation
- Activity
- Advertising agenciesNACE 73110and 1 other
- Joint committees
- 200Auxiliary committee for white-collar workers
- 100Auxiliary committee for blue-collar workers · annual accounts 2025
- Establishment unit
- 2.034.050.5077034 Mons, since 23-12-1986
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Annual accounts 2025
- €322,290▼ 17.7%
- Employeeson 31-12-2025
- 4=
- Filing
- Filed on 17-07-2026, 14 days before the end of the filing period
Insights on PUBLICIA
PUBLICIA files the abbreviated format. That format states no turnover. The gross margin rose from €149,156 in 2006 to €231,097 in 2025.
GRAPHIC COLOR holds all the shares. In August 2022, the Official Gazette published the appointment of Fabricio COSTARELLI as managing director.
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 PUBLICIA
- What is the company number of PUBLICIA?
- The company number of PUBLICIA is 0430.007.433. The VAT number is the same number with BE in front: BE 0430.007.433.
- Where is PUBLICIA based?
- The registered office is at Rue des Anglais (O.) 27, 7034 Mons.Company details
- What does PUBLICIA do?
- According to the KBO register, the main activity is advertising agencies (NACE 73110).
- What is the legal form of PUBLICIA?
- PUBLICIA is a public limited company (NV).
- When was PUBLICIA founded?
- PUBLICIA was founded on 22-12-1986.
- Is PUBLICIA still active?
- Yes, PUBLICIA is an active enterprise in the KBO register.
- How many employees does PUBLICIA have?
- PUBLICIA had an average of 3.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does PUBLICIA fall under?
- In its 2025 annual accounts, PUBLICIA states joint committees 200 (Auxiliary committee for white-collar workers) and 100 (Auxiliary committee for blue-collar workers).
- What is the turnover of PUBLICIA?
- The turnover in financial year 2025 is ≈ €430,000. This figure is estimated from the gross margin of €231,097 and 38 comparable companies (NACE 73). It probably lies between €320,000 and €850,000.
- Is PUBLICIA profitable?
- In financial year 2025, PUBLICIA made a loss of €2,847.
- Where can I find the annual accounts of PUBLICIA?
- PUBLICIA filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PUBLICIA due?
- PUBLICIA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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