PUBLIFER, SOCIETE GENERALE DE PUBLICITE DANS LES GARES DE CHEMINS DE FER
abbreviatedPUBLIFERInactiveInactive; last annual accounts for fiscal year 2021.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 08-06-2022, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2021
53 d early
2020
103 d early
2019
130 d early
2018
93 d early
2017
33 d early
2016
54 d early
2015
96 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, full schema
Turnover
€10.16M▲ 5.0%
2020 · €9.68M
2018: €15.40M
2019: €16.27M▲ +5.6% vs 2018highest in 4 years
2020: €9.68M▼ -40.5% vs 2019lowest in 4 years
2021: €10.16M▲ +5.0% vs 2020
2018 → 2021
EBIT margin
-5.6%▲ 2.4pp
2020 · -8.0%
2018: 0.0%
2019: 6.4%▲ +48413% vs 2018highest in 4 years
2020: -8.0%▼ -225% vs 2019lowest in 4 years
2021: -5.6%▲ +30.1% vs 2020
2018 → 2021
Net result
€-593k▲ 3.7%
2020 · €-616k
2018: €-87k
2019: €691k▲ +898% vs 2018highest in 4 years
2020: €-616k▼ -189% vs 2019lowest in 4 years
2021: €-593k▲ +3.7% vs 2020
2018 → 2021
Working capital
€3.35M▲ 491%
2020 · €568k
2018: €485klowest in 4 years
2019: €1.22M▲ +152% vs 2018
2020: €568k▼ -53.6% vs 2019
2021: €3.35M▲ +491% vs 2020highest in 4 years
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€15.40M-€16.27M▲ 5.6%€9.68M▼ 40.5%€10.16M▲ 5.0%
2018: €15.40M
2019: €16.27M▲ +5.6% vs 2018highest in 4 years
2020: €9.68M▼ -40.5% vs 2019lowest in 4 years
2021: €10.16M▲ +5.0% vs 2020
Equity€1.60M-€2.29M▲ 43.1%€1.68M▼ 26.9%€1.08M▼ 35.4%
2018: €1.60M
2019: €2.29M▲ +43.1% vs 2018highest in 4 years
2020: €1.68M▼ -26.9% vs 2019
2021: €1.08M▼ -35.4% vs 2020lowest in 4 years
Operating result€2k-€1.05M▲ 51,148%€-777k€-570k▲ 26.7%
2018: €2k
2019: €1.05M▲ +51148% vs 2018highest in 4 years
2020: €-777k▼ -174% vs 2019lowest in 4 years
2021: €-570k▲ +26.7% vs 2020
Net result€-87k-€691k€-616k€-593k▲ 3.7%
2018: €-87k
2019: €691k▲ +898% vs 2018highest in 4 years
2020: €-616k▼ -189% vs 2019lowest in 4 years
2021: €-593k▲ +3.7% vs 2020
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €570k in 2021 against €777k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €8.62M
Fixed assets
€1.50M ▼ 31.0%
Current assets
€7.12M ▲ 82.0%
Equity and liabilities €8.62M
Equity
€1.08M ▼ 35.4%
Provisions
€135k
Debt
€7.40M ▲ 67.7%
Debt's share of the balance-sheet total rises from 72.5% to 85.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€77k▲
2020 · €-51k
Cash flow
€53k▼
2020 · €110k
Current ratio
1.89▲
2020 · 1.17
Quick ratio
1.88▲
2020 · 1.16
Debt to equity
6.83▲
2020 · 0.46
ROE
-54.7%▼
2020 · -36.7%
ROA
-6.9%▲
2020 · -10.1%
Interest coverage
3.48▲
2020 · -1.95
Debt ≤ 1 year
€3.76M▲
2020 · €3.34M
Income taxes
€-27▲
2020 · €-187k
Staff costs
€2.04M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 68 lines
Balance sheet
Code20202021
Assets
Total assets20/58€6.09M€8.62M▲
Fixed assets21/28€2.18M€1.50M▼
Intangible fixed assets21€214k€135k▼
Tangible fixed assets22/27€1.97M€1.37M▼
Plant, machinery and equipment23-€1.34M
Furniture and vehicles24-€23k
Other tangible fixed assets26-€4k
Financial fixed assets28€1k€1k=
Other financial fixed assets284/8-€1k
Amounts receivable and cash guarantees285/8-€1k
Current assets29/58€3.91M€7.12M▲
Stocks and contracts in progress3€38k€32k▼
Stocks30/36-€32k
Raw materials and consumables30/31-€32k
Amounts receivable within one year40/41€2.76M€3.62M▲
Trade receivables40-€3.45M
Other amounts receivable41-€164k
Cash at bank and in hand54/58€489k€3.38M▲
Deferred charges and accrued income490/1-€85k
Equity and liabilities
Total equity and liabilities10/49€6.09M€8.62M▲
Equity10/15€1.68M€1.08M▼
Contributions10/11€750k€750k=
Capital10-€750k
Issued capital100-€750k
Reserves13€380k€380k=
Non-distributable reserves130/1-€75k
Legal reserve130-€75k
Tax-exempt reserves132-€3k
Distributable reserves133-€301k
Profit (loss) carried forward14€548k€-45k▼
Provisions and deferred taxes16-€135k
Provisions for liabilities and charges160/5-€135k
Other liabilities and charges164/5-€135k
Amounts payable17/49€4.41M€7.40M▲
Amounts payable after more than one year17€773k-
Amounts payable within one year42/48€3.34M€3.76M▲
Trade debts44€1.84M€2.68M▲
Suppliers440/4-€2.68M
Taxes, remuneration and social security45-€80k
Remuneration and social security454/9-€80k
Other amounts payable47/48-€1.00M
Accrued charges and deferred income492/3-€3.64M
Income statement
Code20202021
Operating income70/76A-€10.30M
Turnover70€9.68M€10.16M▲
Other operating income74-€135k
Non-recurring operating income76A-€4k
Operating charges60/66A-€10.87M
Services and other goods61-€8.07M
Remuneration, social security and pensions62-€2.04M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€726k€646k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-58k
Provisions for liabilities and charges: additions (uses and reversals)635/8-€135k
Other operating charges640/8-€37k
Non-recurring operating charges66A-€8k
Operating profit (loss)9901€-777k€-570k▲
Recurring financial income75€1-
Financial charges65/66B-€23k
Recurring financial charges65€27k€23k▼
Debt charges650€26k€22k▼
Other financial charges652/9-€1k
Profit (loss) for the period before taxes9903€-804k€-593k▲
Income taxes67/77€-187k€-27▲
Tax adjustments and reversals of tax provisions77-€27
Profit (loss) for the period9904€-616k€-593k▲
Profit (loss) for the period to be appropriated9905€-616k€-593k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-45k
Profit (loss) brought forward from the previous period14P-€548k
Social balance
Average headcount (FTE)9087-22.3
The notes to these accounts (60 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €10.30M | - |
| Turnover70 | €15.40M | €16.27M | €9.68M | €10.16M | ▲ 5.0% |
| Other operating income74 | - | - | - | €135k | - |
| Non-recurring operating income76A | - | - | - | €4k | - |
| Operating charges60/66A | - | - | - | €10.87M | - |
| Services and other goods61 | - | - | - | €8.07M | - |
| Remuneration, social security and pensions62 | - | - | - | €2.04M | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €285k | €598k | €726k | €646k | ▼ 10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €-58k | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €135k | - |
| Other operating charges640/8 | - | - | - | €37k | - |
| Non-recurring operating charges66A | - | - | - | €8k | - |
| Operating profit (loss)9901 | €2k | €1.05M | €-777k | €-570k | ▲ 26.7% |
| Recurring financial income75 | - | - | €1 | - | - |
| Financial charges65/66B | - | - | - | €23k | - |
| Recurring financial charges65 | €40k | €19k | €27k | €23k | ▼ 12.7% |
| Debt charges650 | €13k | €18k | €26k | €22k | ▼ 16.0% |
| Other financial charges652/9 | - | - | - | €1k | - |
| Profit (loss) for the period before taxes9903 | €-38k | €1.03M | €-804k | €-593k | ▲ 26.2% |
| Income taxes67/77 | €48k | €338k | €-187k | €-27 | ▲ 100.0% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €27 | - |
| Profit (loss) for the period9904 | €-87k | €691k | €-616k | €-593k | ▲ 3.7% |
| Profit (loss) for the period to be appropriated9905 | €-87k | €691k | €-616k | €-593k | ▲ 3.7% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €9.24M | €9.79M | €6.09M | €8.62M | ▲ 41.6% |
| Fixed assets21/28 | €1.89M | €2.84M | €2.18M | €1.50M | ▼ 31.0% |
| Intangible fixed assets21 | €262k | €292k | €214k | €135k | ▼ 36.8% |
| Tangible fixed assets22/27 | €1.63M | €2.55M | €1.97M | €1.37M | ▼ 30.4% |
| Plant, machinery and equipment23 | - | - | - | €1.34M | - |
| Furniture and vehicles24 | - | - | - | €23k | - |
| Other tangible fixed assets26 | - | - | - | €4k | - |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | = |
| Other financial fixed assets284/8 | - | - | - | €1k | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | €1k | - |
| Current assets29/58 | €7.35M | €6.94M | €3.91M | €7.12M | ▲ 82.0% |
| Stocks and contracts in progress3 | - | - | €38k | €32k | ▼ 16.7% |
| Stocks30/36 | - | - | - | €32k | - |
| Raw materials and consumables30/31 | - | - | - | €32k | - |
| Amounts receivable within one year40/41 | €6.16M | €5.82M | €2.76M | €3.62M | ▲ 31.0% |
| Trade receivables40 | - | - | - | €3.45M | - |
| Other amounts receivable41 | - | - | - | €164k | - |
| Cash at bank and in hand54/58 | €942k | €601k | €489k | €3.38M | ▲ 593% |
| Deferred charges and accrued income490/1 | - | - | - | €85k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €9.24M | €9.79M | €6.09M | €8.62M | ▲ 41.6% |
| Equity10/15 | €1.60M | €2.29M | €1.68M | €1.08M | ▼ 35.4% |
| Contributions10/11 | €750k | €750k | €750k | €750k | = |
| Capital10 | - | - | - | €750k | - |
| Issued capital100 | - | - | - | €750k | - |
| Reserves13 | €380k | €380k | €380k | €380k | = |
| Non-distributable reserves130/1 | - | - | - | €75k | - |
| Legal reserve130 | - | - | - | €75k | - |
| Tax-exempt reserves132 | - | - | - | €3k | - |
| Distributable reserves133 | - | - | - | €301k | - |
| Profit (loss) carried forward14 | €473k | €1.16M | €548k | €-45k | ▼ 108% |
| Provisions and deferred taxes16 | - | - | - | €135k | - |
| Provisions for liabilities and charges160/5 | - | - | - | €135k | - |
| Other liabilities and charges164/5 | - | - | - | €135k | - |
| Amounts payable17/49 | €7.64M | €7.49M | €4.41M | €7.40M | ▲ 67.7% |
| Amounts payable after more than one year17 | - | €1.01M | €773k | - | - |
| Amounts payable within one year42/48 | €6.87M | €5.72M | €3.34M | €3.76M | ▲ 12.6% |
| Trade debts44 | €6.36M | €4.04M | €1.84M | €2.68M | ▲ 45.8% |
| Suppliers440/4 | - | - | - | €2.68M | - |
| Taxes, remuneration and social security45 | - | - | - | €80k | - |
| Remuneration and social security454/9 | - | - | - | €80k | - |
| Other amounts payable47/48 | - | - | - | €1.00M | - |
| Accrued charges and deferred income492/3 | - | - | - | €3.64M | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-87k | €691k | €-616k | €-593k | ▲ 3.7% |
| + Depreciation and write-downs630 | €285k | €598k | €726k | €646k | ▼ 10.9% |
| Operating cash flow (approximation) | €198k | €1.29M | €110k | €53k | ▼ 51.5% |
| Investment in fixed assets (approximation) | - | €-1.55M | €-64k | €30k | ▲ 147% |
| Change in cash | - | €-341k | €-113k | €2.90M | ▲ 2,665% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2022
01-08
State Gazette act
Board meeting · Merger
Accounting effect · Power of attorney · Tim CARNEWAL
01-08
State Gazette act
Board meeting · Merger
Accounting effect
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
25-05
State Gazette act
Merger · Board meeting
Corporate purpose · Accounting effect · Tim CARNEWAL
25-05
State Gazette act
Board meeting · Merger
Accounting effect · Shareholding
2021
19-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-616k
Net result drops to €-616k, the lowest in the series.
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €691k
Net result €691k after one loss-making year.
31-12
Financial
Equity above €2MEq €2.29M ▲43.1%
Equity rises from €1.60M to €2.29M.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Show earlier events
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
26-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
05-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
10-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
31-05
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:Nationale Maatschappij der Belgische Spoorwegen