Financials
- Fiscal year
- 2025
- Total assets
- €3.9m
- Loss
- -€1.2m
- Solvency
- 2.5%
Turnover▼ 26.9%
Net result
20192023
PUBLILUX
Judicial reorganisationSummary
The file of PUBLILUX contains 1 judicial reorganisation, as published in the Belgian State Gazette. The KBO register records for PUBLILUX the legal situation: special situation; this is today's state according to the register itself, which carries no start date. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The annual accounts of PUBLILUX for fiscal year 2025 show a net loss of 92% of the equity at the start of that year. The 2025 annual accounts show equity of €99,253 and a net result of -€1.2m. Equity is growing by ~13.4% per year across the filed fiscal years.
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Leuven
- Opened
- 16 July 2026
- Track
- Reorganisation by collective agreement
- Docket number
- 20260015
- Moratorium until
- 16 November 2026
- Creditors' vote
- 5 November 2026
- Delegated judge
- Rene Thielens
- Official Gazette
- 28-07-2026 (pdf) ↗search the document for 2026/132877
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the moratorium runs until 16 November 2026, unless the court extends or ends it earlier. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
Embed in an article
Writing about this reorganisation? Put the card of PUBLILUX in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
- Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
Overview
Activity
General electrical installation work
NACE 43211Manufacture of electrical equipment NACE 27402NACE 31502
1 site
Size
€3.9mtotal assets 2025
- Staff
- 36.4 FTE
- Equity
- €99,253
- Loss
- -€1.2m
Financial health
11
Critical
Checked score 2025Reorganisation running: about 1 in 4 bankrupt within the year
Structure
- Parent
- THE IMAGE BUILDERS · 100%
- Holdings
- 1
Accounts filed 81 d late0 of 12 deeds read
Why 11- Weak solvency vs sector- In judicial reorganisationFiled after the deadlineShow the evidence
Checked score
Score 2025
11
/ 100
Critical
Without a bankruptcy probability: score from the figures alone
Financial strength · tick = 2024
Weak
Solvency
28-33
equity 2.5% of total assets
Liquidity
6-33
short-term debt 93.1% · cash 4.7%
Profitability
0-77
return on assets -30.9%
Bankruptcy probability, 12 months
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).
No credit on open account during an ongoing judicial reorganisation
Liquidity tight (current ratio 1.02 against 1.62 in 2024; short-term debt: 93.1% and cash: 4.7% of total assets), and 97.5% of the assets are financed with debt.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 2393 sector peers (2025).
NBB · sector comparisonPosition among 2393 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-07-2026, 81 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
81 d late
2024
128 d late
2023
77 d late
2022
3 d early
2021
53 d early
2020
4 d early
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 17 July (4 of the last 5 filed years within 81 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close04-10-2026 today30-04-2027 deadline
- OpeningOndernemingsrechtbank Leuven · collective agreement…
- Annual accounts filedfiscal year 2025 · full…
- Weakest financial yearnet -€1.2m
Key points
- Risk: In judicial reorganisationcreditors: see the procedure below 16-07-2026 View
- Caution: Equity fell in 2025from €1.3m to €99,253 ▼ 92.4% View
- Caution: Among the weakest 5% on net resultsector median €41,992 · 2,393 companies -€1.2m View
- Caution: Latest accounts filed lateafter the legal deadline 81 d View
- Controlled by THE IMAGE BUILDERSultimately: CIM Capital Restruct Fund 100% View
- Active since 1976founded 01-10-1976 50 years View
By topic
Board & ownership
- Parent
- THE IMAGE BUILDERS · 100%
Network & group
- Group
- CIM Capital Restruct Fund
- Holdings
- 1
1 holding
Timeline
- Events
- 15
- Since
- 2017
- Next accounts
- by 30-04-2027
- 28-07-2026Opening
- 20-07-2026Annual accounts filed
- 30-09-2025Weakest financial year
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- General electrical installation workNACE 43211
- Founded
- 01-10-1976
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Which other companies belong to the same group?CIM Capital Restruct Fund · 11 companies Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the General electrical installation work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.