PUBLISIGN VP
ActivePUBLISIGN VP has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.12M and a net result of €284k. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 22% of 7684 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
73
/ 100
Healthy▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency51▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 1.97 against 2.22 in 2024), but 78.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
21.6%
Return on assets
5.5%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 7684 sector peers (2025).
NBB · sector comparisonPosition among 7684 sector peers
Solvency
better than 22%
← weakest
strongest →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
on the day
2023
98 d early
2022
18 d early
2021
9 d late
2020
3 d early
2019
on the day
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€284k▼ 6.8%
2024 · €305k
2019: €13k
2020: €13k
2021: €-237k
2022: €59k
2023: €203k
2024: €305k
2019 → 2025
Working capital
€2.26M▲ 11.2%
2024 · €2.03M
2019: €372k
2020: €417k
2021: €82k
2022: €1.53M
2023: €1.73M
2024: €2.03M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€272k-€330k▲ 21.6%€533k▲ 61.4%€838k▲ 57.2%€1.12M▲ 33.9%
Operating result€-179k-€110k€336k▲ 206%€469k▲ 39.5%€442k▼ 5.9%
Net result€-237k-€59k€203k▲ 246%€305k▲ 50.3%€284k▼ 6.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.20M
Fixed assets
€609k▲ 77.3%
Current assets
€4.59M▲ 23.9%
Equity and liabilities €5.20M
Equity
€1.12M▲ 33.9%
Provisions
€100k=
Debt
€3.97M▲ 27.9%
The debt ratio falls from 76.8% to 76.5%: equity grows faster than debt.
Key figures and ratios
EBITDA
€597k▲
2024 · €551k
Cash flow
€440k▲
2024 · €387k
Solvency
21.6%▲
2024 · 20.7%
Current ratio
1.97▼
2024 · 2.22
Quick ratio
1.49▼
2024 · 1.85
Debt / equity
3.54▼
2024 · 3.71
ROE
25.3%▼
2024 · 36.4%
ROA
5.5%▼
2024 · 7.5%
Interest coverage
10.46▼
2024 · 10.92
Debt
€3.97M▲
2024 · €3.11M
Debt ≤ 1 year
€2.33M▲
2024 · €1.67M
Debt > 1 year
€1.63M▲
2024 · €1.42M
Income taxes
€105k▼
2024 · €119k
Staff costs
€1.04M▲
2024 · €1.01M
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€4.05M€5.20M▲
Fixed assets21/28€343k€609k▲
Intangible fixed assets21€27k€13k▼
Tangible fixed assets22/27€316k€595k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€41k€161k▲
Leasing and similar rights25€272k€432k▲
Financial fixed assets28€250€500▲
Current assets29/58€3.70M€4.59M▲
Stocks and contracts in progress3€615k€1.12M▲
Stocks30/36€615k€1.12M▲
Amounts receivable within one year40/41€2.28M€3.18M▲
Trade receivables40€2.11M€2.98M▲
Other amounts receivable41€170k€201k▲
Cash at bank and in hand54/58€803k€282k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€4.05M€5.20M▲
Equity10/15€838k€1.12M▲
Contributions10/11€19k€19k=
Reserves13€820k€1.10M▲
Tax-exempt reserves132€38k€38k=
Distributable reserves133€782k€1.07M▲
Provisions and deferred taxes16€100k€100k=
Provisions for liabilities and charges160/5€100k€100k=
Other liabilities and charges164/5€100k€100k=
Amounts payable17/49€3.11M€3.97M▲
Amounts payable after more than one year17€1.42M€1.63M▲
Financial debts170/4€1.42M€1.63M▲
Amounts payable within one year42/48€1.67M€2.33M▲
Current portion of amounts payable after more than one year42€45k€122k▲
Financial debts43€297k€284k▼
Credit institutions430/8€250k€250k=
Other loans439€47k€34k▼
Trade debts44€1.07M€1.26M▲
Suppliers440/4€1.07M€1.26M▲
Advances received on contracts in progress46-€400k
Taxes, remuneration and social security45€202k€159k▼
Taxes450/3€130k€45k▼
Remuneration and social security454/9€72k€113k▲
Other amounts payable47/48€54k€98k▲
Accrued charges and deferred income492/3€20k€22k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.01M€1.04M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€82k€156k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€61k€50k▼
Other operating charges640/8€177k€17k▼
Gross operating margin9900€1.80M€1.70M▼
Operating profit (loss)9901€469k€442k▼
Financial income75/76B€5k€5k▼
Recurring financial income75€5k€5k▼
Financial charges65/66B€50k€57k▲
Recurring financial charges65€50k€57k▲
Profit (loss) for the period before taxes9903€424k€390k▼
Income taxes67/77€119k€105k▼
Profit (loss) for the period9904€305k€284k▼
Profit (loss) for the period to be appropriated9905€305k€284k▼
Appropriation of the result
Profit (loss) to be appropriated9906€305k€284k▼
Transfer to equity691/2€305k€284k▼
To other reserves6921€305k€284k▼
Social balance
Average headcount (FTE)908716.916.6▼
The notes to these accounts (14 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €1MEq €1.12M ▲33.9%
4 profitable years in a row build equity to €1.12M.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2019net €305k ▲50.3%
Operating result €469k, net result €305k, both a record.
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €500kEq €533k ▲61.4%
2 profitable years in a row build equity to €533k.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €59k
Net result €59k after one loss-making year.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 9 days late
2021
31-12
Financial
Weakest financial yearnet €-237k ▼1970%
Net result drops to €-237k, the lowest in the series; recovery starts the following year.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Equity above €500kEq €509k ▲2.6%
2 profitable years in a row build equity to €509k.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2023
SRL develops
CurrentDirector · since 30-11-2023 · Legal entity
SRL. GP Concepting
CurrentDirector · since 30-11-2023 · Legal entity
30-11-2023
SRL develops: Appointed as Director
30-11-2023
SRL. GP Concepting: Appointed as Director
30-11-2023
Peter Paelinck: Resigned as Director
Location & real-estate footprint
Registered office, Lessines · 1 establishment unit since 1997
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.
Zoning ouest(L) 117860 LessinesGround area
6,938 m²
Building footprint
1,684 m²
Parcel 55023C0376/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Zoning ouest(L) 11, 7860 Lessines
since 19972.176.821.243
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55023C0376/00F000 | Wallonia | 6,938 m² | 1 · 1,684 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.
Similar companies · same sector, comparable size
ORION DYNAMIC
BE 0888.841.979
Beernem · Eq €1.12M
EVERTS
BE 0432.281.884
Maaseik · Eq €1.12M
Jeges
BE 0881.908.162
Kasterlee · Eq €1.12M
SQUARE 2
BE 0885.626.727
Waterloo · Eq €1.11M
ART TECH BETON
BE 0880.186.116
Soignies · Eq €1.13M
Of 15,434 companies in sector 43990 we hold annual accounts for 7,355. 3,007 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-12-1996
Fiscal year end31-12
Activities, NACEBEL
27402Manufacture of electrical equipment
43990Other specialised construction activities
43999Specialised construction activities
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.