PUBLIQ
ActiveSummary
PUBLIQ has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €29k and a net result of €11k. Equity is growing by ~53.5% per year across the filed fiscal years. Its solvency ranks better than 9% of 760 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+14
Solvency32▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.24 against 0.17 in 2023; short-term debt: 43.7% and cash: 1.2% of total assets), and 93% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
7%
Return on assets
2.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 760 sector peers (2024).
NBB · sector comparisonPosition among 760 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
57 d late
2022
22 d late
2021
9 d late
2020
23 d early
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€11k▲ 174%
2023 · €4k
2019: €4klowest in 6 years
2020: €5k▲ +46.8% vs 2019
2021: €11k▲ +120% vs 2020highest in 6 years
2022: €4k▼ -66.0% vs 2021
2023: €4k▲ +1.0% vs 2022
2024: €11k▲ +174% vs 2023
2019 → 2024
Working capital
€-137k▲ 3.5%
2023 · €-142k
2019: €-126k
2020: €-121k▲ +3.9% vs 2019
2021: €-121k▲ +0.5% vs 2020highest in 6 years
2022: €-126k▼ -4.5% vs 2021
2023: €-142k▼ -12.6% vs 2022lowest in 6 years
2024: €-137k▲ +3.5% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-601-€11k€15k▲ 35.9%€18k▲ 26.7%€29k▲ 57.8%
2020: €-601lowest in 5 years
2021: €11k▲ +1887% vs 2020
2022: €15k▲ +35.9% vs 2021
2023: €18k▲ +26.7% vs 2022
2024: €29k▲ +57.8% vs 2023highest in 5 years
Operating result€14k-€25k▲ 77.2%€12k▼ 51.2%€12k▼ 2.0%€22k▲ 84.3%
2020: €14k
2021: €25k▲ +77.2% vs 2020highest in 5 years
2022: €12k▼ -51.2% vs 2021
2023: €12k▼ -2.0% vs 2022lowest in 5 years
2024: €22k▲ +84.3% vs 2023
Net result€5k-€11k▲ 120%€4k▼ 66.0%€4k▲ 1.0%€11k▲ 174%
2020: €5k
2021: €11k▲ +120% vs 2020highest in 5 years
2022: €4k▼ -66.0% vs 2021lowest in 5 years
2023: €4k▲ +1.0% vs 2022
2024: €11k▲ +174% vs 2023
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 84% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €415k
Fixed assets
€371k ▼ 6.0%
Current assets
€44k ▲ 47.5%
Equity and liabilities €415k
Equity
€29k ▲ 57.8%
Debt
€386k ▼ 4.9%
Debt's share of the balance-sheet total falls from 95.6% to 93.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€46k▲
2023 · €35k
Cash flow
€34k▲
2023 · €26k
Current ratio
0.24▲
2023 · 0.17
Debt to equity
13.23▼
2023 · 21.96
ROE
36.6%▲
2023 · 21.1%
ROA
2.6%▲
2023 · 0.9%
Interest coverage
5.69▲
2023 · 4.19
Debt ≤ 1 year
€181k▲
2023 · €172k
Debt > 1 year
€196k▼
2023 · €226k
Income taxes
€4k
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 · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€424k€415k▼
Fixed assets21/28€394k€371k▼
Tangible fixed assets22/27€394k€371k▼
Land and buildings22€394k€371k▼
Current assets29/58€30k€44k▲
Amounts receivable within one year40/41€24k€39k▲
Trade receivables40€23k€38k▲
Other amounts receivable41€1k€1k▼
Cash at bank and in hand54/58€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€424k€415k▼
Equity10/15€18k€29k▲
Contributions10/11€19k€19k=
Reserves13-€11k
Distributable reserves133-€11k
Profit (loss) carried forward14€-119-
Amounts payable17/49€406k€386k▼
Amounts payable after more than one year17€226k€196k▼
Financial debts170/4€226k€196k▼
Amounts payable within one year42/48€172k€181k▲
Current portion of amounts payable after more than one year42€30k€30k▲
Trade debts44€16k€11k▼
Suppliers440/4€16k€11k▼
Taxes, remuneration and social security45€34€2k▲
Taxes450/3€34€2k▲
Other amounts payable47/48€126k€139k▲
Accrued charges and deferred income492/3€7k€8k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€24k▲
Other operating charges640/8€6k€7k▲
Gross operating margin9900€41k€53k▲
Operating profit (loss)9901€12k€22k▲
Financial charges65/66B€8k€8k▼
Recurring financial charges65€8k€8k▼
Profit (loss) for the period before taxes9903€4k€14k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€4k€11k▲
Profit (loss) for the period to be appropriated9905€4k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-119€11k▲
Profit (loss) brought forward from the previous period14P€-4k€-119▲
Transfer to equity691/2-€11k
To other reserves6921-€11k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €23k | €22k | €23k | €24k | ▲ 4.5% |
| Other operating charges640/8 | - | €9k | €6k | €6k | €7k | ▲ 15.0% |
| Gross operating margin9900 | €41k | €58k | €41k | €41k | €53k | ▲ 29.8% |
| Operating profit (loss)9901 | €14k | €25k | €12k | €12k | €22k | ▲ 84.3% |
| Financial income75/76B | - | - | €1 | - | - | - |
| Recurring financial income75 | €332 | - | €1 | - | - | - |
| Financial charges65/66B | - | €14k | €9k | €8k | €8k | ▼ 2.4% |
| Recurring financial charges65 | €10k | €14k | €9k | €8k | €8k | ▼ 2.4% |
| Profit (loss) for the period before taxes9903 | €5k | €11k | €4k | €4k | €14k | ▲ 269% |
| Income taxes67/77 | - | - | - | - | €4k | - |
| Profit (loss) for the period9904 | €5k | €11k | €4k | €4k | €11k | ▲ 174% |
| Profit (loss) for the period to be appropriated9905 | €5k | €11k | €4k | €4k | €11k | ▲ 174% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €472k | €473k | €421k | €424k | €415k | ▼ 2.2% |
| Fixed assets21/28 | €446k | €427k | €405k | €394k | €371k | ▼ 6.0% |
| Tangible fixed assets22/27 | €446k | €427k | €405k | €394k | €371k | ▼ 6.0% |
| Land and buildings22 | - | €427k | €405k | €394k | €371k | ▼ 6.0% |
| Current assets29/58 | €26k | €46k | €16k | €30k | €44k | ▲ 47.5% |
| Amounts receivable within one year40/41 | €26k | €42k | €13k | €24k | €39k | ▲ 62.0% |
| Trade receivables40 | - | €41k | €11k | €23k | €38k | ▲ 67.1% |
| Other amounts receivable41 | - | €1k | €2k | €1k | €1k | ▼ 23.4% |
| Cash at bank and in hand54/58 | €205 | €3k | €3k | €6k | €5k | ▼ 14.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €472k | €473k | €421k | €424k | €415k | ▼ 2.2% |
| Equity10/15 | €-601 | €11k | €15k | €18k | €29k | ▲ 57.8% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | - | - | - | - | €11k | - |
| Distributable reserves133 | - | - | - | - | €11k | - |
| Profit (loss) carried forward14 | €-19k | €-8k | €-4k | €-119 | - | - |
| Amounts payable17/49 | €472k | €462k | €406k | €406k | €386k | ▼ 4.9% |
| Amounts payable after more than one year17 | €319k | €286k | €256k | €226k | €196k | ▼ 13.4% |
| Financial debts170/4 | - | €286k | €256k | €226k | €196k | ▼ 13.4% |
| Amounts payable within one year42/48 | €147k | €166k | €142k | €172k | €181k | ▲ 5.4% |
| Current portion of amounts payable after more than one year42 | - | €29k | €29k | €30k | €30k | ▲ 1.7% |
| Trade debts44 | €3k | €11k | €20k | €16k | €11k | ▼ 33.4% |
| Suppliers440/4 | - | €11k | €20k | €16k | €11k | ▼ 33.4% |
| Taxes, remuneration and social security45 | - | €34 | €34 | €34 | €2k | ▲ 4,685% |
| Taxes450/3 | - | €34 | €34 | €34 | €2k | ▲ 4,685% |
| Other amounts payable47/48 | - | €126k | €93k | €126k | €139k | ▲ 9.9% |
| Accrued charges and deferred income492/3 | - | €10k | €8k | €7k | €8k | ▲ 15.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €11k | €4k | €4k | €11k | ▲ 174% |
| + Depreciation and write-downs630 | €23k | €23k | €22k | €23k | €24k | ▲ 4.5% |
| Operating cash flow (approximation) | €28k | €35k | €26k | €26k | €34k | ▲ 29.5% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €-12k | €0 | ▲ 100% |
| Change in cash | - | €3k | €-227 | €3k | €-809 | ▼ 130% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 57 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 22 days late
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 9 days late
2021
31-12
Financial
Highest result since 2019net €11k ▲120%
Operating result €25k, net result €11k, both a record.
08-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Lessines · 1 establishment unit since 2016
Ground area
3,929 m²
Building footprint
1,530 m²
Volume, LiDAR
6,095 m³
Parcel 55023C0386/00X000, Wallonia · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Zoning ouest(L) 5, 7860 Lessines
since 20162.254.219.820
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55023C0386/00X000 | Wallonia | 3,929 m² | 1 · 1,530 m² | 6.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,198 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-03-2016
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
27402Manufacture of electrical equipment
33140Repair and maintenance of electrical equipment
43240Other construction installation
43990Other specialised construction activities
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.