PUBLILEC
PUBLILEC has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €168.31M and a net result of €23.82M. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 91% of 264 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
| Equity | €168.31M |
| Net result | €23.82M |
| Staff (FTE) | 2.3 |
| Better than sector | 91% |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 86.8% | 29.1% | |
| Net result | €23.82M | €176k | |
| Equity | €168.31M | €2.60M | |
| Staff costs | €391k | €1.10M | |
| Employees (FTE) | 2.3 | 10.5 |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | full schema | unclassified schema | unclassified schema | unclassified schema | unclassified schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-601k | €-1.02M | €-906k | €-5.29M | €-899k |
| Net profit | €23.82M | €2.44M | €2.15M | €-2.66M | €4.41M |
| Cash flow | €23.83M | €2.44M | €2.16M | €-2.65M | €4.42M |
| Staff costs | €391k | €352k | €319k | €213k | €287k |
| Income taxes | €245 | €-10k | €10k | €466 | €1k |
| Dividends | €18.00M | €8.00M | €2.50M | - | - |
| Total assets | €193.94M | €178.98M | €179.13M | €177.50M | €181.25M |
| Equity | €168.31M | €162.49M | €168.05M | €168.40M | €171.06M |
| Debt | €25.62M | €16.49M | €11.07M | €9.10M | €10.19M |
| of which ≤ 1y | €25.52M | €8.79M | €3.06M | €542k | €185k |
| of which > 1y | - | €7.50M | €8.00M | €8.50M | €10.00M |
| Working capital | €-5.57M | €-3.80M | €2.09M | €2.98M | €7.08M |
| Employees (FTE) | 2.3 | 2.6 | 2.6 | 3.4 | 4.3 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.78 | 0.57 | 1.68 | 6.50 | 39.18 |
| Quick ratio | 0.78 | 0.57 | 1.68 | 6.50 | 39.18 |
| Working capital ratio | -2.9% | -2.1% | 1.2% | 1.7% | 3.9% |
| Solvency | 86.8% | 90.8% | 93.8% | 94.9% | 94.4% |
| Debt / equity | 0.15 | 0.10 | 0.07 | 0.05 | 0.06 |
| Long-term debt ratio | - | 0.05 | 0.05 | 0.05 | 0.06 |
| Interest coverage | -2.71 | -3.07 | -3.06 | -112.90 | -68.54 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 12.3% | 1.4% | 1.2% | -1.5% | 2.4% |
| ROE | 14.2% | 1.5% | 1.3% | -1.6% | 2.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €193.94M | €178.98M | €179.13M | €177.50M | €181.25M |
| Fixed assets | 21/28 | €173.98M | €173.98M | €173.98M | €173.98M | €173.99M |
| Intangible fixed assets | 21 | - | - | €0 | €0 | €0 |
| Tangible fixed assets | 22/27 | €52k | €50k | €50k | €51k | €55k |
| Financial fixed assets | 28 | €173.93M | €173.93M | €173.93M | €173.93M | €173.93M |
| Current assets | 29/58 | €19.96M | €5.00M | €5.15M | €3.52M | €7.27M |
| Amounts receivable within one year | 40/41 | €66k | €100k | €6k | €55k | €2k |
| Investments | 50/53 | €19.53M | €4.46M | €4.86M | €3.00M | €7.00M |
| Cash & bank | 54/58 | €356k | €422k | €268k | €458k | €238k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €193.94M | €178.98M | €179.13M | €177.50M | €181.25M |
| Equity | 10/15 | €168.31M | €162.49M | €168.05M | €168.40M | €171.06M |
| Contributions / capital | 10/11 | €143.54M | €143.54M | €143.54M | €143.54M | €143.54M |
| Reserves | 13 | €18.75M | €18.75M | €18.75M | €18.75M | €18.75M |
| Accumulated profits (losses) | 14 | €6.03M | €206k | €5.77M | €6.12M | €8.77M |
| Amounts payable | 17/49 | €25.62M | €16.49M | €11.07M | €9.10M | €10.19M |
| Amounts payable after one year | 17 | - | €7.50M | €8.00M | €8.50M | €10.00M |
| Amounts payable within one year | 42/48 | €25.52M | €8.79M | €3.06M | €542k | €185k |
| Trade debts payable within one year | 44 | €6 | €253k | €33k | €29k | €152k |
| Income statement | ||||||
| Operating result | 9901 | €-603k | €-1.02M | €-908k | €-5.29M | €-907k |
| Financial income | 75 | €24.65M | €3.78M | €3.37M | €2.68M | €5.33M |
| Financial charges | 65 | €222k | €333k | €297k | €47k | €14k |
| Result before taxes | 9903 | €23.82M | €2.43M | €2.16M | €-2.66M | €4.41M |
| Income taxes | 67/77 | €245 | €-10k | €10k | €466 | €1k |
| Net result for the period | 9904 | €23.82M | €2.44M | €2.15M | €-2.66M | €4.41M |
| Result to be appropriated | 9905 | €23.82M | €2.44M | €2.15M | €-2.66M | €4.41M |
-
Grégory DemalDirectorState Gazette act 23072245 (02-06-2023)Current02-06-2023 → present
-
3R, Leboutte & CoAuditorState Gazette act 23056972 (27-04-2023)Current27-04-2023 → present
-
Déborah GERADONDirectorState Gazette act 21059968 (19-05-2021)Current19-05-2021 → present
4 events
- 19-05-2021 Appointed· Director
- 19-05-2021 Appointed· Présidente du conseil d'administration
- 19-05-2021 Appointed· Director
- 19-05-2021 Appointed· Voorzitster van de raad van bestuur
-
Eric De KeyserDirectorState Gazette act 23072245 (02-06-2023)Current26-07-2018 → present
3 events
- 02-06-2023 Appointed· Director
- 26-07-2018 Appointed· Director
- 26-07-2018 Appointed· Administrator
Historic, not recently confirmed (11)
-
André GILLESDirectorState Gazette act 18116798 (26-07-2018)Not recently confirmedlast confirmed in an act from 2018
2 events
- 26-07-2018 Appointed· Director
- 26-07-2018 Appointed· Administrator
-
Cédric NILSDirectorState Gazette act 18116798 (26-07-2018)Not recently confirmedlast confirmed in an act from 2018
4 events
- 26-07-2018 Appointed· Director
- 26-07-2018 Appointed· Lid remuneratiecomité
- 26-07-2018 Appointed· Administrator
- 26-07-2018 Appointed· Member of the remuneration committee
-
Frank WILRYCXDirectorState Gazette act 18116798 (26-07-2018)Not recently confirmedlast confirmed in an act from 2018
2 events
- 26-07-2018 Appointed· Director
- 26-07-2018 Appointed· Administrator
-
Ignace DEREEPERDirectorState Gazette act 18116798 (26-07-2018)Not recently confirmedlast confirmed in an act from 2018
2 events
- 26-07-2018 Appointed· Director
- 26-07-2018 Appointed· Administrator
-
Jacques VANDEBOSCHInstitutionele informatieverstrekkerState Gazette act 18116798 (26-07-2018)Not recently confirmedlast confirmed in an act from 2018
7 events
- 26-07-2018 Appointed· Institutionele informatieverstrekker
- 26-07-2018 Appointed· Houder van de functie van lokale leidinggevende
- 26-07-2018 Appointed· Houder van het dagelijks bestuur
- 26-07-2018 Appointed· Institutional informant
- 26-07-2018 Appointed· Local manager
- 26-07-2018 Appointed· Daily management delegate
- 26-07-2018 Appointed· Representative for daily management
Former directors (5)
-
Renaud WitmeurDirectorState Gazette act 23072245 (02-06-2023)Former- → 02-06-2023
-
E. VANBRABANTDirectorState Gazette act 21059969 (19-05-2021)Former- → 19-05-2021
2 events
- 19-05-2021 Resigned· Director
- 19-05-2021 Resigned· Voorzitter van de raad van bestuur
-
Eric VANBRABANTDirectorState Gazette act 18116798 (26-07-2018)Former26-07-2018 → 19-05-2021
8 events
- 19-05-2021 Resigned· Director
- 19-05-2021 Resigned· Président du conseil d'administration
- 26-07-2018 Appointed· Director
- 26-07-2018 Appointed· Voorzitter van de raad van bestuur
- 26-07-2018 Appointed· Lid remuneratiecomité
- 26-07-2018 Appointed· Administrator
- 26-07-2018 Appointed· President of the board
- 26-07-2018 Appointed· Member of the remuneration committee
-
Alain MathotDirectorState Gazette act 17087356 (21-06-2017)Former- → 21-06-2017
-
Tom BalthazarDirectorState Gazette act 17087356 (21-06-2017)Former- → 21-06-2017
| SRL Vieira, Marchandisse et AssociésCurrent Statutory auditor | 19-05-2021 → present |
| NACE primary | Electricity, gas, steam and air conditioning supply(35150) |
| Legal form | Coöperatieve vennootschap met beperkte aansprakelijkheid(008) |
| Incorporation | 22-07-1978 |
| Status | Active |
| Postal code | 4100 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62352E0068/00N000indicative | Wallonia | 877 m² | 1 · 293 m² | - |
We know of 26 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
20-03-2024 Articles of association amended
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- Eric De Keyser, Bestuurder
- Grégory Demal, Bestuurder
- Renaud Witmeur, Bestuurder
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- 3R, Leboutte & Co, Auditor
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- Déborah GERADON, Bestuurder
- Déborah GERADON, Présidente du conseil d'administration
- Eric VANBRABANT, Bestuurder
- Eric VANBRABANT, Président du conseil d'administration
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- Déborah GERADON, Bestuurder
- Déborah GERADON, Voorzitster van de raad van bestuur
- SRL Vieira, Marchandisse et Associés, Commissaris
- E. VANBRABANT, Bestuurder
- E. VANBRABANT, Voorzitter van de raad van bestuur
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}26-07-2018 20 directors appointed
- Eric DE KEYSER, Bestuurder
- Valter POLESE, Bestuurder
- Jean VERVAEREN, Bestuurder
- Frank WILRYCX, Bestuurder
- Cédric NILS, Bestuurder
- Eric VANBRABANT, Bestuurder
- André GILLES, Bestuurder
- Pol HEYSE, Bestuurder
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}26-07-2018 21 directors appointed
- Eric DE KEYSER, Administrator
- Valter POLESE, Administrator
- Jean VERVAEREN, Administrator
- Frank WILRYCX, Administrator
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}| Legal nameFR | PUBLILEC |
| AbbreviationFR | S.P.E. |