PUBLISTER
ActiveSummary
PUBLISTER has been active since 2004 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €49,804 and a net result of €831. Equity is growing by ~57.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 7097 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2023
Profitability42▼-55
Solvency100▲+14
Growth52▼-26
Track record92
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 44.97 against 2.58 in 2023; short-term debt: 2.2% and cash: 85% of total assets), and 2.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
97.8%
Return on assets
1.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
53 d late
2023
29 d late
2022
27 d late
2021
392 d late
2020
809 d late
2019
1174 d late
2018
5 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 354 days after the deadline; the sector median for financial year 2023 is 4 days before the deadline, and 39% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Late accounts filing
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€49,804▼ 7.5%
2023 · €53,816
Total assets
€50,936▼ 42.1%
2023 · €87,969
Net result
€831▼ 96.0%
2023 · €20,761
Working capital
€49,804▼ 7.5%
2023 · €53,816
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Operating result€30,455▲ 254%-€1,662€51,794€22,883▼ 55.8%€598-
Net result€30,221within the sector's middle half▲ 260%-€1,721below the sector's middle half€43,840above the sector's middle half€20,761within the sector's middle half▼ 52.6%€831within the sector's middle half-
Equity-€9,064below the sector's middle half▲ 76.9%-€10,785below the sector's middle half▼ 19.0%€33,055within the sector's middle half€53,816within the sector's middle half▲ 62.8%€49,804within the sector's middle half-
Total assets€36,673below the sector's middle half▼ 6.2%€37,058below the sector's middle half▲ 1.0%€79,433within the sector's middle half▲ 114%€87,969within the sector's middle half▲ 10.7%€50,936below the sector's middle half-
Debt€45,737▼ 41.7%€47,843▲ 4.6%€46,378▼ 3.1%€34,153▼ 26.4%€1,133-
Working capital-€14,326below the sector's middle half▲ 68.0%-€15,848below the sector's middle half▼ 10.6%€33,055within the sector's middle half€53,816within the sector's middle half▲ 62.8%€49,804within the sector's middle half-
Solvency-24.7%below the sector's middle half▲ 75.7pp-29.1%below the sector's middle half▼ 4.4pp41.6%within the sector's middle half▲ 70.7pp61.2%within the sector's middle half▲ 19.6pp97.8%above the sector's middle half-
Current ratio0.69below the sector's middle half▲ 0.260.67below the sector's middle half▼ 0.021.71within the sector's middle half▲ 1.042.58within the sector's middle half▲ 0.8644.97above the sector's middle half-
Return on assets (ROA)82.4%above the sector's middle half▲ 60.9pp-4.6%below the sector's middle half▼ 87.0pp55.2%above the sector's middle half▲ 59.8pp23.6%within the sector's middle half▼ 31.6pp1.6%within the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €598 in 2025, compared with €22,883 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Equity and liabilities €50,936
Equity
€49,804 ▼ 7.5%
Debt
€1,133 ▼ 96.7%
Debt's share of the balance-sheet total falls from 38.8% to 2.2%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.02▼
2023 · 0.63
ROE
1.7%▼
2023 · 38.6%
Debt ≤ 1 year
€1,133▼
2023 · €34,153
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €14,361 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €199 | €199 | - | - | - | - |
| Other operating charges640/8 | €1,875 | €2,035 | €732 | €990 | €306 | - |
| Gross operating margin9900 | €32,530 | €572 | €52,526 | €23,872 | €903 | - |
| Operating profit (loss)9901 | €30,455 | -€1,662 | €51,794 | €22,883 | €598 | - |
| Financial income75/76B | - | - | - | - | €279 | - |
| Recurring financial income75 | - | - | - | - | €279 | - |
| Financial charges65/66B | €235 | €59 | €57 | €46 | €46 | - |
| Recurring financial charges65 | €235 | €59 | €57 | €46 | €46 | - |
| Profit (loss) for the period before taxes9903 | €30,221 | -€1,721 | €51,737 | €22,837 | €831 | - |
| Income taxes67/77 | - | - | €7,897 | €2,076 | - | - |
| Profit (loss) for the period9904 | €30,221 | -€1,721 | €43,840 | €20,761 | €831 | - |
| Profit (loss) for the period to be appropriated9905 | €30,221 | -€1,721 | €43,840 | €20,761 | €831 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36,673 | €37,058 | €79,433 | €87,969 | €50,936 | - |
| Fixed assets21/28 | €5,263 | €5,063 | - | - | - | - |
| Tangible fixed assets22/27 | €5,263 | €5,063 | - | - | - | - |
| Land and buildings22 | €5,263 | €5,063 | - | - | - | - |
| Current assets29/58 | €31,410 | €31,994 | €79,433 | €87,969 | €50,936 | - |
| Amounts receivable within one year40/41 | €29,664 | €30,436 | €42,693 | €42,340 | €7,665 | - |
| Trade receivables40 | €29,664 | €30,436 | €42,340 | €42,340 | €2,240 | - |
| Other amounts receivable41 | - | - | €354 | - | €5,425 | - |
| Cash at bank and in hand54/58 | €1,746 | €1,558 | €36,740 | €45,630 | €43,271 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36,673 | €37,058 | €79,433 | €87,969 | €50,936 | - |
| Equity10/15 | -€9,064 | -€10,785 | €33,055 | €53,816 | €49,804 | - |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | - |
| Reserves13 | - | - | - | €20,761 | €20,761 | - |
| Distributable reserves133 | - | - | - | €20,761 | €20,761 | - |
| Profit (loss) carried forward14 | -€15,264 | -€16,985 | €26,855 | €26,855 | €22,843 | - |
| Amounts payable17/49 | €45,737 | €47,843 | €46,378 | €34,153 | €1,133 | - |
| Amounts payable within one year42/48 | €45,737 | €47,843 | €46,378 | €34,153 | €1,133 | - |
| Trade debts44 | €550 | €550 | €160 | €160 | €1,014 | - |
| Suppliers440/4 | €550 | €550 | €160 | €160 | €1,014 | - |
| Taxes, remuneration and social security45 | - | €361 | - | €2,076 | €119 | - |
| Taxes450/3 | - | €361 | - | €2,076 | €119 | - |
| Other amounts payable47/48 | €45,187 | €46,932 | €46,218 | €31,917 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,221 | -€1,721 | €43,840 | €20,761 | €831 | - |
| + Depreciation and write-downs630 | €199 | €199 | - | - | - | - |
| Operating cash flow (approximation) | €30,420 | -€1,522 | €43,840 | €20,761 | €831 | - |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | -€188 | €35,182 | €8,890 | - | - |
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
2026
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 53 days late
2025
31-12
Financial
Liquidity times 17current ratio 44.97
Current ratio from 2.58 to 44.97; short-term debt falls from €34,153 to €1,133.
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 809 days late
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1174 days late
09-05
KBO administration
Late accounts filing
event 18-04-2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 392 days late
2022
01-09
Financial
Back to profitnet €43,840
Net result €43,840 after one loss-making year.
01-09
Financial
Liquidity triplescurrent ratio 1.71
Current ratio from 0.67 to 1.71; short-term debt falls from €47,843 to €46,378.
2021
01-09
Financial
Weakest financial yearnet -€1,721
Net result drops to -€1,721, the lowest in the series; recovery starts the following year.
2019
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 103 days late
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 101 days late
2016
24-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Brasschaat · 1 establishment unit since 2004
Ground area
2,229 m²
Building footprint
262 m²
Volume, LiDAR
1,567 m³
Parcel 11008H0329/00W000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Publister
since 20042.136.888.521
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11008H0329/00W000 | Flanders | 2,229 m² | 1 · 262 m² | 9.3 m · 2 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.
Similar companies · same sector, comparable size
BAWE INVEST
BE 0507.848.250
Wemmel · Eq €49,811
STR8!
BE 0675.581.343
Mechelen · Eq €49,735
TM MC
BE 1012.023.467
Kontich · Eq €49,988
MAGNA COLLECTIV
BE 0784.431.080
Boortmeerbeek · Eq €49,602
LEX & TURNER
BE 0668.623.869
Hasselt · Eq €50,021
Of 9,863 companies in sector 73110 we hold annual accounts for 3,758. 3,005 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
Founded21-04-2004
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
18200Printing and reproduction of recorded media
59113Video and film production, excluding cinema and television films
60100Programming, broadcasting, news agency and other content distribution activities
77110Renting and leasing of cars and light motor vehicles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0865106574
Registered
07-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.