PUBLITAN
ActiveSummary
PUBLITAN has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.53M and a net result of €75k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 52% of 642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-2
Solvency82▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity ample (current ratio 7.33 against 6.35 in 2024; short-term debt: 5.4% and cash: 5.4% of total assets), and 42.6% 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.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← 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
57.4%
Return on assets
1.7%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
60 d late
2023
65 d late
2022
66 d late
2021
82 d late
2020
61 d late
2019
105 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€75k▼ 40.7%
2024 · €126k
2018: €27k
2020: €10klowest value
2021: €117k▲ +1091% vs 2020
2022: €409k▲ +248% vs 2021highest value
2023: €148k▼ -63.7% vs 2022
2024: €126k▼ -14.8% vs 2023
2025: €75k▼ -40.7% vs 2024
2018 → 2025
Working capital
€1.51M▲ 15.7%
2024 · €1.30M
2018: €-488klowest value
2020: €985k
2021: €1.10M▲ +11.5% vs 2020
2022: €1.57M▲ +42.9% vs 2021highest value
2023: €1.42M▼ -9.2% vs 2022
2024: €1.30M▼ -8.4% vs 2023
2025: €1.51M▲ +15.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.78M-€2.18M▲ 23.0%€2.33M▲ 6.8%€2.46M▲ 5.4%€2.53M▲ 3.0%
2021: €1.78Mlowest in 5 years
2022: €2.18M▲ +23.0% vs 2021
2023: €2.33M▲ +6.8% vs 2022
2024: €2.46M▲ +5.4% vs 2023
2025: €2.53M▲ +3.0% vs 2024highest in 5 years
Operating result€157k-€533k▲ 239%€184k▼ 65.5%€115k▼ 37.4%€104k▼ 9.5%
2021: €157k
2022: €533k▲ +239% vs 2021highest in 5 years
2023: €184k▼ -65.5% vs 2022
2024: €115k▼ -37.4% vs 2023
2025: €104k▼ -9.5% vs 2024lowest in 5 years
Net result€117k-€409k▲ 248%€148k▼ 63.7%€126k▼ 14.8%€75k▼ 40.7%
2021: €117k
2022: €409k▲ +248% vs 2021highest in 5 years
2023: €148k▼ -63.7% vs 2022
2024: €126k▼ -14.8% vs 2023
2025: €75k▼ -40.7% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 9% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.41M
Fixed assets
€2.67M ▲ 12.0%
Current assets
€1.75M ▲ 12.9%
Equity and liabilities €4.41M
Equity
€2.53M ▲ 3.0%
Provisions
€153k ▼ 4.6%
Debt
€1.73M ▲ 31.8%
Debt's share of the balance-sheet total rises from 33.3% to 39.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€245k▼
2024 · €317k
Cash flow
€215k▼
2024 · €328k
Current ratio
7.33▲
2024 · 6.35
Debt to equity
0.68▲
2024 · 0.53
ROE
3.0%▼
2024 · 5.1%
ROA
1.7%▼
2024 · 3.2%
Interest coverage
8.08▼
2024 · 9.27
Debt ≤ 1 year
€239k▼
2024 · €244k
Debt > 1 year
€1.49M▲
2024 · €1.07M
Income taxes
€48k▲
2024 · €35k
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 · 2025 against 2024 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.93M€4.41M▲
Fixed assets21/28€2.38M€2.67M▲
Tangible fixed assets22/27€2.35M€2.64M▲
Land and buildings22€2.34M€2.62M▲
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€3k€9k▲
Financial fixed assets28€29k€29k=
Current assets29/58€1.55M€1.75M▲
Amounts receivable after more than one year29€577k€577k=
Other amounts receivable291€577k€577k=
Amounts receivable within one year40/41€455k€570k▲
Trade receivables40€0-
Other amounts receivable41€455k€570k▲
Current investments50/53€349k€349k=
Cash at bank and in hand54/58€150k€239k▲
Deferred charges and accrued income490/1€18k€12k▼
Equity and liabilities
Total equity and liabilities10/49€3.93M€4.41M▲
Equity10/15€2.46M€2.53M▲
Contributions10/11€1.43M€1.43M=
Capital10€1.43M€1.43M=
Issued capital100€1.43M€1.43M=
Reserves13€1.02M€1.10M▲
Non-distributable reserves130/1€26k€26k=
Legal reserve130€26k€26k=
Tax-exempt reserves132€441k€421k▼
Distributable reserves133€558k€652k▲
Provisions and deferred taxes16€160k€153k▼
Deferred taxes168€160k€153k▼
Amounts payable17/49€1.31M€1.73M▲
Amounts payable after more than one year17€1.07M€1.49M▲
Financial debts170/4€1.07M€499k▼
Other amounts payable178/9-€990k
Amounts payable within one year42/48€244k€239k▼
Current portion of amounts payable after more than one year42€81k€68k▼
Trade debts44€23k€31k▲
Suppliers440/4€23k€31k▲
Taxes, remuneration and social security45€42k€42k▲
Taxes450/3€42k€42k▲
Other amounts payable47/48€98k€98k=
Income statement
Code20242025
Non-recurring operating income76A€22k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€201k€141k▼
Other operating charges640/8€9k€14k▲
Gross operating margin9900€326k€259k▼
Operating profit (loss)9901€115k€104k▼
Financial income75/76B€74k€41k▼
Recurring financial income75€74k€41k▼
Financial charges65/66B€34k€30k▼
Recurring financial charges65€34k€30k▼
Profit (loss) for the period before taxes9903€155k€115k▼
Transfer from deferred taxes780€6k€7k▲
Transfer to deferred taxes680€0-
Income taxes67/77€35k€48k▲
Profit (loss) for the period9904€126k€75k▼
Transfer from tax-exempt reserves789€15k€20k▲
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€142k€95k▼
Appropriation of the result
Profit (loss) to be appropriated9906€142k€95k▼
Transfer to equity691/2€142k€95k▼
To the legal reserve6920€7k€0▼
To other reserves6921€134k€95k▼
Social balance
Average headcount (FTE)90870.00.0=
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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €121k | €402k | €107k | €22k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €351 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €98k | €75k | €112k | €201k | €141k | ▼ 30.2% |
| Other operating charges640/8 | €2k | €2k | €11k | €9k | €14k | ▲ 55.0% |
| Gross operating margin9900 | €257k | €610k | €307k | €326k | €259k | ▼ 20.5% |
| Operating profit (loss)9901 | €157k | €533k | €184k | €115k | €104k | ▼ 9.5% |
| Financial income75/76B | €21k | €27k | €29k | €74k | €41k | ▼ 44.4% |
| Recurring financial income75 | €21k | €27k | €29k | €74k | €41k | ▼ 44.4% |
| Financial charges65/66B | €20k | €18k | €13k | €34k | €30k | ▼ 11.2% |
| Recurring financial charges65 | €20k | €18k | €13k | €34k | €30k | ▼ 11.2% |
| Profit (loss) for the period before taxes9903 | €158k | €542k | €200k | €155k | €115k | ▼ 25.8% |
| Transfer from deferred taxes780 | €6k | €48k | €3k | €6k | €7k | ▲ 25.9% |
| Transfer to deferred taxes680 | €18k | €101k | €27k | €0 | - | - |
| Income taxes67/77 | €28k | €81k | €29k | €35k | €48k | ▲ 37.3% |
| Profit (loss) for the period9904 | €117k | €409k | €148k | €126k | €75k | ▼ 40.7% |
| Transfer from tax-exempt reserves789 | €4k | €59k | €7k | €15k | €20k | ▲ 29.9% |
| Transfer to tax-exempt reserves689 | €55k | €302k | €80k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €67k | €166k | €76k | €142k | €95k | ▼ 33.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.61M | €2.75M | €2.91M | €3.93M | €4.41M | ▲ 12.3% |
| Fixed assets21/28 | €1.34M | €997k | €1.23M | €2.38M | €2.67M | ▲ 12.0% |
| Tangible fixed assets22/27 | €1.34M | €969k | €1.21M | €2.35M | €2.64M | ▲ 12.2% |
| Land and buildings22 | €1.30M | €926k | €1.20M | €2.34M | €2.62M | ▲ 12.0% |
| Plant, machinery and equipment23 | €7k | €9k | €5k | €5k | €4k | ▼ 20.5% |
| Furniture and vehicles24 | €2k | €973 | €1k | €3k | €9k | ▲ 208% |
| Other tangible fixed assets26 | €33k | €33k | €0 | - | - | - |
| Financial fixed assets28 | €1k | €29k | €29k | €29k | €29k | = |
| Current assets29/58 | €1.27M | €1.75M | €1.68M | €1.55M | €1.75M | ▲ 12.9% |
| Amounts receivable after more than one year29 | €577k | €577k | €577k | €577k | €577k | = |
| Other amounts receivable291 | €577k | €577k | €577k | €577k | €577k | = |
| Amounts receivable within one year40/41 | €242k | €278k | €448k | €455k | €570k | ▲ 25.3% |
| Trade receivables40 | €2k | - | €94k | €0 | - | - |
| Other amounts receivable41 | €240k | €278k | €354k | €455k | €570k | ▲ 25.3% |
| Current investments50/53 | €329k | €584k | €584k | €349k | €349k | = |
| Cash at bank and in hand54/58 | €61k | €280k | €7k | €150k | €239k | ▲ 59.5% |
| Deferred charges and accrued income490/1 | €56k | €36k | €60k | €18k | €12k | ▼ 29.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.61M | €2.75M | €2.91M | €3.93M | €4.41M | ▲ 12.3% |
| Equity10/15 | €1.78M | €2.18M | €2.33M | €2.46M | €2.53M | ▲ 3.0% |
| Contributions10/11 | €1.43M | €1.43M | €1.43M | €1.43M | €1.43M | = |
| Capital10 | €1.43M | €1.43M | €1.43M | €1.43M | €1.43M | = |
| Issued capital100 | €1.43M | €1.43M | €1.43M | €1.43M | €1.43M | = |
| Reserves13 | €341k | €750k | €898k | €1.02M | €1.10M | ▲ 7.3% |
| Non-distributable reserves130/1 | €7k | €15k | €19k | €26k | €26k | = |
| Legal reserve130 | €7k | €15k | €19k | €26k | €26k | = |
| Tax-exempt reserves132 | €141k | €383k | €456k | €441k | €421k | ▼ 4.5% |
| Distributable reserves133 | €193k | €351k | €423k | €558k | €652k | ▲ 17.0% |
| Provisions and deferred taxes16 | €90k | €143k | €166k | €160k | €153k | ▼ 4.6% |
| Deferred taxes168 | €90k | €143k | €166k | €160k | €153k | ▼ 4.6% |
| Amounts payable17/49 | €742k | €425k | €411k | €1.31M | €1.73M | ▲ 31.8% |
| Amounts payable after more than one year17 | €574k | €239k | €159k | €1.07M | €1.49M | ▲ 39.6% |
| Financial debts170/4 | €574k | €239k | €159k | €1.07M | €499k | ▼ 53.2% |
| Other amounts payable178/9 | - | - | - | - | €990k | - |
| Amounts payable within one year42/48 | €168k | €186k | €252k | €244k | €239k | ▼ 2.2% |
| Current portion of amounts payable after more than one year42 | €84k | €71k | €61k | €81k | €68k | ▼ 16.8% |
| Trade debts44 | - | €233 | €458 | €23k | €31k | ▲ 35.8% |
| Suppliers440/4 | - | €233 | €458 | €23k | €31k | ▲ 35.8% |
| Taxes, remuneration and social security45 | €21k | €93k | €92k | €42k | €42k | ▲ 0.5% |
| Taxes450/3 | €21k | €93k | €92k | €42k | €42k | ▲ 0.5% |
| Other amounts payable47/48 | €63k | €23k | €98k | €98k | €98k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €117k | €409k | €148k | €126k | €75k | ▼ 40.7% |
| + Depreciation and write-downs630 | €98k | €75k | €112k | €201k | €141k | ▼ 30.2% |
| Operating cash flow (approximation) | €215k | €483k | €260k | €328k | €215k | ▼ 34.3% |
| Investment in fixed assets (approximation) | - | €270k | €-349k | €-1.35M | €-426k | ▲ 68.4% |
| Change in cash | - | €219k | €-273k | €143k | €89k | ▼ 37.5% |
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
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 65 days late
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 66 days late
2022
31-12
Financial
Highest result since 2018net €409k ▲248%
Operating result €533k, net result €409k, both a record.
31-12
Financial
Equity above €2MEq €2.18M ▲23%
4 profitable years in a row build equity to €2.18M.
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 82 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €10k ▼64%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 72current ratio 7.03
Current ratio from 0.10 to 7.03; short-term debt falls from €541k to €163k.
31-12
Financial
Equity above €1MEq €1.66M ▲877%
2 profitable years in a row build equity to €1.66M.
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 105 days late
Show earlier events
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Tremelo · 1 establishment unit since 1987
Ground area
1,238 m²
Building footprint
212 m²
Volume, LiDAR
1,265 m³
Parcel 24006B0108/00P000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Lange Hoevestraat 12, 3128 Tremelo
since 19872.032.121.888
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24006B0108/00P000 | Flanders | 1,238 m² | 1 · 212 m² | 10.3 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 56,059 EUR awarded · 554 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 55,505 EUR | 0 EUR |
| 2023 | 1 | 554 EUR | 554 EUR |
Schemes
Erfgoedpremie voor beschermde monumenten en landschappen - standaardprocedure
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
699400CKG245GJS9GI79
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Of 6,942 companies in sector 86230 we hold annual accounts for 4,293. 1,822 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-11-1987
Fiscal year end31-12
Activities, NACEBEL 2025
86230Dental practice
82300Organisation of conventions and trade shows
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.