Equity
PUBLISIZE has made a profit in every financial year since 2013.
PUBLISIZE has made a profit in every financial year since 2013.
Four of the last ten came late. The 2020 accounts came latest: 89 days after the end of the period.
Higher net result than 90% of companies in office administrative support. Sector median €16,210 · 9,687 companies.
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 71% of them on solvency, 78% on liquidity, 68% on profitability and 69% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 17,811 companies had the same profile as PUBLISIZE has now. Each dot stands for 45 companies, two years later.
That fits the bankruptcy probability of PUBLISIZE itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for PUBLISIZE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 3.38 (3.39 in 2024), above the usual 1.5. Short-term debt is 28.9% and cash 37.1% of total assets. 29% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 27 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| PUBLISIZE Zoersel | €487,401 | €157,809 | 71.0% | - |
| ALEXIS HERBOSCH Schilde | €434,950 | €134,005 | 60.4% | - |
| ADTechnics Geel | €469,376 | €156,630 | 78.2% | - |
| SMARTECH-DBF Ranst | €447,711 | €128,853 | 89.8% | - |
| LUROCA Boechout | €409,993 | €175,467 | 29.5% | - |
| Le Cercle du Cacao Evere | €501,914 | €159,817 | 12.4% | - |
| CELIOR CONSULTING Diest | €538,386 | €168,255 | 88.2% | - |
These companies have the same main activity as PUBLISIZE: other business support services (NACE 82990). They are comparable in size and age: total assets between €410,000 and €538,000, founded between 2011 and 2014.
PUBLISIZE files the micro format. That format states no turnover. The gross margin rose from €8,168 in 2013 to €157,809 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €240,000. Estimated: probably between €190,000 and €330,000.
Higher than 70% of 9,691 companies in 2025.
Higher than 70% of 9,309 companies in 2025.
Higher than 63% of 9,433 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
487,401 | 384,616 | 288,667 | 313,744 | 371,338 | 311,658 | 270,480 | 179,100 | 163,115 | 159,436 | 138,915 | 103,845 | 59,761 | |
21/28 |
11,380 | 18,744 | 32,345 | 49,460 | 45,147 | 30,280 | 19,001 | 12,562 | 5,290 | 10,637 | 10,504 | 12,741 | 18,972 | |
21 |
10,623 | 16,552 | 29,592 | 37,928 | 45,147 | 30,280 | 16,320 | 7,200 | - | 1,235 | 2,820 | 1,050 | 1,658 | |
22/27 |
756 | 2,192 | 2,753 | 11,532 | - | - | 2,681 | 5,362 | 5,290 | 9,402 | 7,684 | 11,691 | 17,315 | |
23 |
604 | 782 | - | - | - | - | 1,696 | 3,392 | 5,088 | 6,784 | - | - | - | |
24 |
152 | 1,410 | 2,753 | 11,532 | - | - | 985 | 1,970 | 202 | 2,618 | 7,684 | 11,691 | 17,315 | |
29/58 |
476,022 | 365,872 | 256,322 | 264,283 | 326,191 | 281,378 | 251,478 | 166,538 | 157,826 | 148,798 | 128,411 | 91,104 | 40,788 | |
40/41 |
227,210 | 105,991 | 115,968 | 192,046 | 188,077 | 85,184 | 133,683 | 88,932 | 91,910 | 49,999 | 28,228 | 38,657 | 25,826 | |
40 |
201,872 | 77,764 | 103,162 | 182,977 | 175,242 | 74,072 | 133,683 | 88,696 | 91,910 | 49,999 | 28,228 | 38,630 | 25,771 | |
41 |
25,338 | 28,227 | 12,806 | 9,069 | 12,834 | 11,112 | - | 236 | - | - | 1 | 27 | 55 | |
50/53 |
45,500 | 39,500 | 32,800 | 23,000 | 11,000 | - | - | - | - | - | - | - | - | |
54/58 |
180,960 | 194,171 | 72,099 | 46,966 | 123,130 | 194,876 | 107,795 | 77,605 | 64,838 | 98,028 | 99,364 | 51,587 | 14,439 | |
490/1 |
22,352 | 26,211 | 35,456 | 2,271 | 3,984 | 1,317 | 10,000 | - | 1,078 | 771 | 819 | 860 | 524 | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
487,401 | 384,616 | 288,667 | 313,744 | 371,338 | 311,658 | 270,480 | 179,100 | 163,115 | 159,436 | 138,915 | 103,845 | 59,761 | |
10/15 |
346,016 | 276,760 | 215,472 | 211,686 | 207,333 | 233,959 | 155,875 | 108,593 | 93,546 | 79,325 | 64,271 | 33,635 | 7,483 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
339,816 | 270,560 | 209,272 | 205,486 | 201,133 | 227,759 | 149,675 | 102,393 | 87,346 | 73,125 | 58,071 | 27,435 | 1,283 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,372 | 64 | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
132 |
- | 0 | 42,100 | 42,100 | 42,100 | 42,100 | - | - | - | - | - | - | - | |
133 |
339,816 | 270,560 | 167,172 | 161,526 | 157,173 | 183,799 | 147,815 | 100,533 | 85,486 | 71,265 | 56,211 | 26,063 | 1,219 | |
14 |
0 | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
141,385 | 107,856 | 73,194 | 102,058 | 164,005 | 77,699 | 114,605 | 70,508 | 69,570 | 80,111 | 74,644 | 70,210 | 52,277 | |
17 |
- | - | - | - | 8,412 | 16,745 | - | - | - | - | - | - | - | |
170/4 |
- | - | - | - | 8,412 | 16,745 | - | - | - | - | - | - | - | |
42/48 |
140,814 | 107,818 | 73,049 | 101,347 | 155,593 | 60,954 | 93,753 | 67,943 | 68,775 | 79,030 | 74,644 | 70,210 | 52,277 | |
42 |
18,248 | 33,879 | 3,831 | 12,183 | 12,102 | 13,616 | 3,016 | - | - | - | - | - | - | |
44 |
44,552 | 27,754 | 35,639 | 57,479 | 49,095 | 20,790 | 48,947 | 28,908 | 13,123 | 23,080 | 20,241 | 40,539 | 20,998 | |
440/4 |
44,552 | 27,754 | 35,639 | 57,479 | 49,095 | 20,790 | 48,947 | 28,908 | 13,123 | 23,080 | 20,241 | 40,539 | 20,998 | |
45 |
50,202 | 43,917 | 24,461 | 21,997 | 34,618 | 22,850 | 34,659 | 24,485 | 44,814 | 42,501 | 36,995 | 15,470 | 11,209 | |
450/3 |
47,753 | 41,463 | 22,212 | 17,895 | 32,265 | 22,555 | 34,659 | 22,336 | 42,421 | 40,220 | 34,725 | 13,202 | 7,266 | |
454/9 |
2,449 | 2,454 | 2,249 | 4,101 | 2,353 | 294 | - | 2,149 | 2,392 | 2,281 | 2,269 | 2,268 | 3,944 | |
47/48 |
27,811 | 2,269 | 9,118 | 9,688 | 59,777 | 3,699 | 7,131 | 14,550 | 10,838 | 13,450 | 17,408 | 14,202 | 20,070 | |
492/3 |
571 | 37 | 146 | 711 | - | - | 20,852 | 2,565 | 795 | 1,080 | - | - | - | |
| Income statement | ||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | 101,492 | |
76A |
- | 0 | 4,068 | - | - | - | - | - | - | - | - | - | - | |
9900 |
157,809 | 110,047 | 25,815 | 34,839 | 60,100 | 129,244 | 86,207 | 33,594 | 31,013 | 34,544 | 61,184 | 49,287 | 8,168 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | 94,345 | |
630 |
11,864 | 14,490 | 14,087 | 18,779 | 14,533 | 12,532 | 13,561 | 7,683 | 3,183 | 8,347 | 7,202 | 10,504 | 5,295 | |
631/4 |
- | - | - | - | - | 9,702 | - | - | - | - | - | - | - | |
640/8 |
638 | 632 | 1,235 | 5,630 | 1,721 | 751 | 2,849 | 1,524 | 556 | 935 | 752 | 543 | 720 | |
9901 |
145,307 | 94,925 | 10,493 | 10,430 | 43,845 | 106,259 | 69,797 | 24,387 | 27,274 | 25,263 | 53,230 | 38,240 | 2,153 | |
75/76B |
403 | 27 | 159 | 1,344 | 951 | 470 | 0 | 40 | 10 | 36 | 183 | 94 | 8 | |
75 |
403 | 27 | 159 | 1,344 | 951 | 470 | 0 | 40 | 10 | 36 | 183 | 94 | 8 | |
65/66B |
2,987 | 3,172 | 2,654 | 1,560 | 804 | 1,044 | 2,143 | 1,403 | 1,222 | 1,175 | 1,157 | 576 | 101 | |
65 |
2,987 | 3,172 | 2,654 | 1,560 | 804 | 1,044 | 2,143 | 1,403 | 1,222 | 1,175 | 1,157 | 576 | 101 | |
9903 |
142,723 | 91,779 | 7,998 | 10,214 | 43,992 | 105,686 | 67,655 | 23,024 | 26,062 | 24,124 | 52,256 | 37,758 | 2,060 | |
67/77 |
44,192 | 30,492 | 4,212 | 5,861 | 13,830 | 27,602 | 20,372 | 7,978 | 11,842 | 9,069 | 19,242 | 11,607 | 776 | |
9904 |
98,531 | 61,288 | 3,786 | 4,353 | 30,162 | 78,084 | 47,283 | 15,047 | 14,221 | 15,055 | 33,014 | 26,151 | 1,283 | |
789 |
0 | 42,100 | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | 42,100 | - | - | - | - | - | - | - | |
9905 |
98,531 | 103,388 | 3,786 | 4,353 | 30,162 | 35,984 | 47,283 | 15,047 | 14,221 | 15,055 | 33,014 | 26,151 | 1,283 | |
| Appropriation of the result | ||||||||||||||
9906 |
98,531 | 103,388 | 3,786 | 4,353 | 30,162 | 35,984 | 47,283 | 15,047 | 14,221 | 15,055 | 33,014 | 26,151 | 1,283 | |
791/2 |
29,275 | - | - | - | 56,787 | - | - | - | - | - | - | - | - | |
691/2 |
98,531 | 103,388 | 3,786 | 4,353 | 30,162 | 35,984 | 47,283 | 15,047 | 14,221 | 15,055 | 33,014 | 26,151 | 1,283 | |
6920 |
- | - | - | - | 1,796 | - | - | - | - | - | 1,308 | 1,308 | 64 | |
6921 |
98,531 | 103,388 | 3,786 | 4,353 | 28,366 | 35,984 | 47,283 | 15,047 | 14,221 | 15,055 | 31,706 | 24,844 | 1,219 | |
694/7 |
29,275 | - | - | - | 56,787 | - | - | - | - | - | - | - | - | |
694 |
29,275 | - | - | - | 56,787 | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-07-2026 | 2026-00354285 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00339536 | |
| 31-12-2023 | micro format | 23-08-2024 | 2024-00388936 | |
| 31-12-2022 | micro format | 05-10-2023 | 2023-00474119 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20448620 | |
| 31-12-2020 | micro format | 28-10-2021 | 2021-73600343 | |
| 31-12-2019 | micro format | 15-06-2020 | 2020-17200363 | |
| 31-12-2018 | micro format | 24-07-2019 | 2019-36600129 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-40100031 | |
| 31-12-2016 | micro format | 03-07-2017 | 2017-24700108 | |
| 31-12-2015 | abbreviated format | 07-07-2016 | 2016-28200303 | |
| 31-12-2014 | abbreviated format | 19-03-2015 | 2015-06900026 | |
| 30-06-2013 | abbreviated format | 22-01-2014 | 2014-01500232 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 157,171 | 109,415 | 24,580 | 29,209 | 58,379 | 118,791 | 83,358 | 32,070 | 30,457 | 33,609 | 60,432 | 48,744 | 7,448 | ||
| 110,395 | 75,778 | 17,873 | 23,132 | 44,695 | 90,615 | 60,844 | 22,729 | 17,404 | 23,401 | 40,216 | 36,656 | 6,578 | ||
| 4,500 | 889 | 7,172 | 23,092 | 29,400 | 23,811 | 20,000 | 14,955 | -2,164 | 8,480 | 4,965 | 4,273 | 23,715 | ||
| -13,211 | 122,072 | 25,133 | -76,164 | -71,746 | 87,081 | 30,190 | 12,768 | -33,191 | -1,335 | 47,777 | 37,148 | - | ||
| 335,207 | 258,054 | 183,273 | 162,937 | 170,598 | 220,424 | 157,726 | 98,595 | 89,051 | 69,768 | 53,767 | 20,894 | -11,489 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | 2.1% | ||
| 71.0% | 72.0% | 74.6% | 67.5% | 55.8% | 75.1% | 57.6% | 60.6% | 57.3% | 49.8% | 46.3% | 32.4% | 12.5% | ||
| 3.38 | 3.39 | 3.51 | 2.61 | 2.10 | 4.62 | 2.68 | 2.45 | 2.29 | 1.88 | 1.72 | 1.30 | 0.78 | ||
| 0.41 | 0.39 | 0.34 | 0.48 | 0.79 | 0.33 | 0.74 | 0.65 | 0.74 | 1.01 | 1.16 | 2.09 | 6.99 | ||
| 28.5% | 22.1% | 1.8% | 2.1% | 14.5% | 33.4% | 30.3% | 13.9% | 15.2% | 19.0% | 51.4% | 77.8% | 17.1% | ||
| 20.2% | 15.9% | 1.3% | 1.4% | 8.1% | 25.1% | 17.5% | 8.4% | 8.7% | 9.4% | 23.8% | 25.2% | 2.1% | ||
| 52.61 | 34.49 | 9.26 | 18.73 | 72.58 | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | 93 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | 81 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €889 | €2,612 | €15,663 | - |
| Intangible fixed assets | €4,500 | - | €4,560 | €7,429 | €29,400 |
| €11,864 | €14,490 | €14,087 | €18,779 | €14,533 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 53% higher than in 2024 and the highest since 2013. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total rises from 28.0% to 29.0%. Equity and debt are higher.
PUBLISIZE has no parent and no holdings in its annual accounts. SCHEPENS Jerôme is the only director.
| T.C. BRABO via SCHEPENS Jerôme, no longer at T.C. BRABO · Director · deed of 04-06-2020 |
founded in 1985 |
The network starts from the earlier ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Koekoekdreef 9 registered office 2980 Zoersel | 12-07-2012 | 2.211.646.520 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11017A0056/00A000 | 2,074 m² | 1 · 188 m² | 24.1 m · 7 |
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