PUBLIRAMA
ActivePUBLIRAMA has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €526k and a net result of €44k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 90% of 305 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 6.58 against 4.51 in 2024; short-term debt: 11.1% and cash: 46% of total assets), and 11.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
88.7%
Return on assets
7.5%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
30 d early
2023
16 d early
2022
33 d early
2021
32 d early
2020
38 d early
2019
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€526k▲ 9.2%
2024 · €481k
2018: €415k
2019: €377k
2020: €295k
2021: €311k
2022: €394k
2023: €470k
2024: €481k
2018 → 2025
Total assets
€592k▲ 4.7%
2024 · €566k
2018: €594k
2019: €534k
2020: €447k
2021: €478k
2022: €500k
2023: €568k
2024: €566k
2018 → 2025
Net result
€44k▲ 302%
2024 · €11k
2018: €-24k
2019: €-39k
2020: €-81k
2021: €15k
2022: €83k
2023: €77k
2024: €11k
2018 → 2025
Working capital
€366k▲ 28.5%
2024 · €285k
2018: €226k
2019: €249k
2020: €212k
2021: €228k
2022: €331k
2023: €405k
2024: €285k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€311k-€394k▲ 26.6%€470k▲ 19.5%€481k▲ 2.3%€526k▲ 9.2%
Operating result€21k-€92k▲ 343%€83k▼ 9.8%€15k▼ 82.5%€49k▲ 233%
Net result€15k-€83k▲ 436%€77k▼ 7.4%€11k▼ 85.6%€44k▲ 302%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 233% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €592k
Fixed assets
€161k▼ 19.5%
Current assets
€431k▲ 17.9%
Equity and liabilities €592k
Equity
€526k▲ 9.2%
Debt
€67k▼ 21.0%
The debt ratio falls from 14.9% to 11.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€100k▲
2024 · €57k
Cash flow
€96k▲
2024 · €54k
Solvency
88.7%▲
2024 · 85.1%
Current ratio
6.58▲
2024 · 4.51
Quick ratio
6.12▲
2024 · 4.20
Debt / equity
0.13▼
2024 · 0.18
ROE
8.4%▲
2024 · 2.3%
ROA
7.5%▲
2024 · 2.0%
Interest coverage
111.56▲
2024 · 15.03
Debt
€67k▼
2024 · €85k
Debt ≤ 1 year
€66k▼
2024 · €81k
Income taxes
€5k▲
2024 · €2k
Staff costs
€128k▼
2024 · €196k
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€566k€592k▲
Fixed assets21/28€200k€161k▼
Intangible fixed assets21€543€158▼
Tangible fixed assets22/27€192k€153k▼
Plant, machinery and equipment23€67k€59k▼
Furniture and vehicles24€118k€89k▼
Other tangible fixed assets26€8k€5k▼
Financial fixed assets28€7k€7k=
Current assets29/58€366k€431k▲
Stocks and contracts in progress3€25k€30k▲
Stocks30/36€25k€30k▲
Amounts receivable within one year40/41€150k€121k▼
Trade receivables40€130k€106k▼
Other amounts receivable41€20k€15k▼
Cash at bank and in hand54/58€189k€272k▲
Deferred charges and accrued income490/1€2k€8k▲
Equity and liabilities
Total equity and liabilities10/49€566k€592k▲
Equity10/15€481k€526k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€419k€464k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€268€268=
Distributable reserves133€413k€457k▲
Amounts payable17/49€85k€67k▼
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€81k€66k▼
Trade debts44€16k€28k▲
Suppliers440/4€16k€28k▲
Taxes, remuneration and social security45€58k€37k▼
Taxes450/3€36k€26k▼
Remuneration and social security454/9€22k€12k▼
Other amounts payable47/48€7k-
Accrued charges and deferred income492/3€1k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€44k€7k▼
Remuneration, social security and pensions62€196k€128k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€52k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-4k-
Other operating charges640/8€29k€1k▼
Non-recurring operating charges66A€310€4k▲
Gross operating margin9900€279k€233k▼
Operating profit (loss)9901€15k€49k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€4k€899▼
Recurring financial charges65€4k€899▼
Profit (loss) for the period before taxes9903€13k€49k▲
Income taxes67/77€2k€5k▲
Profit (loss) for the period9904€11k€44k▲
Profit (loss) for the period to be appropriated9905€11k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€44k▲
Transfer to equity691/2€11k€44k▲
To other reserves6921€11k€44k▲
The notes to these accounts (10 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
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €500kEq €526k ▲9.2%
5 profitable years in a row build equity to €526k.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €83k ▲436%
Operating result €92k, net result €83k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €15k
Net result €15k after 3 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-81k
Net result drops to €-81k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-01-2025
Jenny Gerrits: Resigned as Director
01-01-2025
Roger Ramaekers: Resigned as Director
31-12-2014
Bart RAMAEKERS: Resigned as Director
31-12-2014
Koen Ramaekers: Resigned as Director
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 1986
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.
Industrieweg 83720 HasseltGround area
5,789 m²
Building footprint
621 m²
Parcel 73040B0283/00T000, Flanders. Linked by address, not a title deed.
1 establishment unit
PUBLIRAMA
since 19862.030.558.012
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73040B0283/00T000 | Flanders | 5,789 m² | 1 · 621 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 570 EUR awarded · 570 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 570 EUR | 570 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,601 companies in sector 18120 we hold annual accounts for 809. 570 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-12-1986
Fiscal year end31-12
Activities, NACEBEL
18120Other printing
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.