PUBLIMAG
ActivePUBLIMAG has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €501k and a net result of €2k. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 58% of 31584 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-4
Solvency89▲+11
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.64 against 0.43 in 2024; short-term debt: 15.3% and cash: 0.2% of total assets), and 36.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.9%
Return on assets
0.2%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
2 d late
2023
on the day
2022
28 d early
2021
3 d early
2020
32 d early
2019
35 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close19-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€501k▲ 0.3%
2024 · €499k
2019: €253k
2020: €287k
2021: €309k
2022: €402k
2023: €565k
2024: €499k
2019 → 2025
Total assets
€783k▼ 17.1%
2024 · €945k
2019: €1.41M
2020: €1.31M
2021: €1.15M
2022: €1.09M
2023: €1.11M
2024: €945k
2019 → 2025
Net result
€2k▼ 95.5%
2024 · €34k
2019: €26k
2020: €35k
2021: €22k
2022: €93k
2023: €164k
2024: €34k
2019 → 2025
Working capital
€-43k▲ 65.0%
2024 · €-124k
2019: €-234k
2020: €-154k
2021: €-172k
2022: €-93k
2023: €-8k
2024: €-124k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€309k-€402k▲ 30.1%€565k▲ 40.7%€499k▼ 11.7%€501k▲ 0.3%
Operating result€56k-€149k▲ 167%€243k▲ 62.4%€48k▼ 80.0%€8k▼ 83.2%
Net result€22k-€93k▲ 316%€164k▲ 76.2%€34k▼ 79.3%€2k▼ 95.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 83% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €783k
Fixed assets
€707k▼ 17.1%
Current assets
€77k▼ 16.7%
Equity and liabilities €783k
Equity
€501k▲ 0.3%
Provisions
€55k=
Debt
€228k▼ 41.7%
The debt ratio falls from 41.4% to 29.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€108k▼
2024 · €150k
Cash flow
€102k▼
2024 · €135k
Solvency
63.9%▲
2024 · 52.8%
Current ratio
0.64▲
2024 · 0.43
Quick ratio
0.64▲
2024 · 0.43
Debt / equity
0.46▼
2024 · 0.78
ROE
0.3%▼
2024 · 6.8%
ROA
0.2%▼
2024 · 3.6%
Interest coverage
27.69▲
2024 · 24.00
Debt
€228k▼
2024 · €391k
Debt ≤ 1 year
€120k▼
2024 · €216k
Debt > 1 year
€108k▼
2024 · €175k
Income taxes
€5k▼
2024 · €10k
Staff costs
€570▼
2024 · €942
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€945k€783k▼
Fixed assets21/28€853k€707k▼
Tangible fixed assets22/27€853k€707k▼
Land and buildings22€779k€682k▼
Plant, machinery and equipment23€8k€7k▼
Furniture and vehicles24€63k-
Other tangible fixed assets26€2k€17k▲
Current assets29/58€92k€77k▼
Amounts receivable within one year40/41€83k€75k▼
Trade receivables40€49k€49k▲
Other amounts receivable41€33k€26k▼
Cash at bank and in hand54/58€10k€1k▼
Equity and liabilities
Total equity and liabilities10/49€945k€783k▼
Equity10/15€499k€501k▲
Contributions10/11€6k€6k=
Reserves13€421k€422k▲
Non-distributable reserves130/1€930€930=
Reserves not available under the articles1311€930€930=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€417k€418k▲
Profit (loss) carried forward14€72k€72k=
Provisions and deferred taxes16€55k€55k=
Provisions for liabilities and charges160/5€55k€55k=
Pensions and similar obligations160€55k€55k=
Amounts payable17/49€391k€228k▼
Amounts payable after more than one year17€175k€108k▼
Financial debts170/4€175k€108k▼
Amounts payable within one year42/48€216k€120k▼
Current portion of amounts payable after more than one year42€80k€67k▼
Trade debts44€2k€942▼
Suppliers440/4€2k€942▼
Taxes, remuneration and social security45€4k€997▼
Taxes450/3€4k€997▼
Remuneration and social security454/9€499-
Other amounts payable47/48€130k€51k▼
Income statement
Code20242025
Non-recurring operating income76A-€16k
Remuneration, social security and pensions62€942€570▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€101k€100k▼
Other operating charges640/8€5k€11k▲
Gross operating margin9900€155k€120k▼
Operating profit (loss)9901€48k€8k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€44k€6k▼
Income taxes67/77€10k€5k▼
Profit (loss) for the period9904€34k€2k▼
Profit (loss) for the period to be appropriated9905€34k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€106k€74k▼
Profit (loss) brought forward from the previous period14P€72k€72k=
Transfer to equity691/2€34k€2k▼
To other reserves6921€34k€2k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €2k ▼95.5%
Net result drops to €2k, the lowest in the series.
31-03
Financial
Equity above €500kEq €501k ▲0.3%
7 profitable years in a row build equity to €501k.
2024
02-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 2 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €164k ▲76.2%
Operating result €243k, net result €164k, both a record.
31-03
Financial
Equity above €500kEq €565k ▲40.7%
5 profitable years in a row build equity to €565k.
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 49 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schoten · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Eburonenlei 42900 SchotenGround area
2,190 m²
Building footprint
475 m²
Volume, LiDAR
2,570 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 19982.085.629.860
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0189/00R002 | Flanders | 1,990 m² | 1 · 274 m² | 8.4 m · 2 fl. |
| 11040D0149/02Z002 | Flanders | 201 m² | 1 · 201 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Rorganic
BE 0750.529.184
Sint-Niklaas · Eq €501k
Menapi Capital Advisory
BE 0680.830.825
Maldegem · Eq €501k
BERT FRANSENS MANAGEMENT
BE 0879.305.295
Peer · Eq €501k
Logibel en-of Belgische Logistiek
BE 0402.122.606
Boom · Eq €501k
CHARIS CONSULTING
BE 0466.863.176
Buggenhout · Eq €501k
Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 34,606 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-02-1998
Fiscal year end31-03
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.