Pubmaster (0436.794.265): financials and annual accounts

Pubmaster

Antwerp ·KBO/BCE: BE 0436.794.265

Line	2025	2024	2023	2022	2021	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	10,674	28,522	28,803	36,009	22,256	0	17,222	66,745	72,160	47,069	52,415	50,441	53,208	52,508	50,341	78,273	70,427	71,648
Fixed assets`21/28`	-	17,151	17,151	17,151	-	-	-	17,344	23,223	195	451	903	1,354	340	680	2,198	4,188	7,965
Tangible fixed assets`22/27`	-	-	-	-	-	-	-	17,344	23,223	195	451	903	1,354	340	680	2,198	4,188	7,965
Land and buildings`22`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,489	2,978
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	-	97	195	451	903	1,354	340	680	1,020	344	1,454
Furniture and vehicles`24`	-	-	-	-	-	-	-	17,344	23,125	-	-	-	-	-	-	1,178	2,355	3,533
Financial fixed assets`28`	-	17,151	17,151	17,151	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current assets`29/58`	10,674	11,370	11,652	18,858	22,256	-	17,222	49,401	48,937	46,874	51,964	49,538	51,854	52,168	49,661	76,075	66,240	63,683
Amounts receivable after more than one year`29`	-	-	-	-	-	-	15,514	-	-	-	-	-	-	-	-	-	-	-
Trade receivables`290`	-	-	-	-	-	-	15,514	-	-	-	-	-	-	-	-	-	-	-
Stocks and contracts in progress`3`	-	-	-	-	-	-	-	40,289	41,513	44,345	45,027	45,824	46,732	48,891	48,864	51,954	50,991	51,981
Stocks`30/36`	-	-	-	-	-	-	-	40,289	41,513	44,345	45,027	45,824	46,732	48,891	48,864	51,954	50,991	51,981
Amounts receivable within one year`40/41`	5,043	6,294	10,873	13,878	6,871	-	447	-	316	1,304	416	2,556	-	166	-	130	783	1,286
Trade receivables`40`	5,043	6,294	8,293	13,878	6,871	-	-	-	316	-	-	2,269	-	166	-	-	783	354
Other amounts receivable`41`	-	-	2,580	-	-	-	447	-	-	1,304	416	287	-	-	-	130	-	932
Cash at bank and in hand`54/58`	5,631	5,077	779	4,980	15,385	-	1,261	6,922	4,971	-	5,322	-	3,973	3,111	-	19,342	8,393	10,221
Deferred charges and accrued income`490/1`	-	-	-	-	-	-	-	2,189	2,138	1,225	1,199	1,159	1,149	-	797	4,649	6,072	194
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	10,674	28,522	28,803	36,009	22,256	0	17,222	66,745	72,160	47,069	52,415	50,441	53,208	52,508	50,341	78,273	70,427	71,648
Equity`10/15`	844	9,125	1,076	-5,863	-38,004	-50,416	-50,416	-11,287	-7,108	-2,791	17,841	18,394	13,256	9,506	28,959	38,358	38,859	33,732
Contributions`10/11`	18,592	18,592	18,592	18,592	20,451	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Issued capital`100`	-	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Reserves`13`	-	-	-	-	-	44,624	44,624	44,624	44,624	44,624	44,624	44,624	44,624	44,624	44,624	44,624	44,624	44,624
Legal reserve`130`	-	-	-	-	-	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
Distributable reserves`133`	-	-	-	-	-	42,765	42,765	42,765	42,765	42,765	42,765	42,765	42,765	42,765	42,765	42,765	42,765	42,765
Profit (loss) carried forward`14`	-17,748	-9,467	-17,516	-24,455	-58,455	-113,633	-113,633	-74,503	-70,325	-66,008	-45,376	-44,822	-49,960	-53,711	-34,258	-24,858	-24,358	-29,485
Amounts payable`17/49`	9,830	19,397	27,728	41,873	60,259	50,416	67,638	78,031	79,268	49,860	34,574	32,047	39,952	43,002	21,383	39,915	31,569	37,916
Amounts payable after more than one year`17`	-	5,100	14,100	14,100	-	-	-	15,671	20,014	-	-	-	-	-	-	-	457	2,235
Financial debts`170/4`	-	5,100	14,100	14,100	-	-	-	15,671	20,014	-	-	-	-	-	-	-	457	2,235
Amounts payable within one year`42/48`	9,830	14,297	13,628	27,773	60,259	50,416	67,638	62,360	59,254	49,860	34,574	32,047	39,952	43,002	21,383	39,915	31,112	35,681
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	4,342	4,176	-	-	-	-	-	-	-	-	-
Financial debts`43`	-	-	-	-	-	-	-	21,525	22,445	18,316	16,308	15,801	15,677	18,136	6,128	23,807	1,778	18,570
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	457	1,778	1,699
Other loans`439`	-	-	-	-	-	-	-	21,525	22,445	18,316	16,308	15,801	15,677	18,136	6,128	23,350	-	16,871
Trade debts`44`	3,200	5,304	-	-	11,494	-	5,093	20,703	19,479	18,782	16,433	11,389	19,135	23,093	7,495	11,808	23,111	14,369
Suppliers`440/4`	3,200	5,304	-	-	11,494	-	5,093	20,703	19,479	18,782	16,433	11,389	19,135	23,093	7,495	11,808	23,111	14,369
Taxes, remuneration and social security`45`	2,122	1,814	6,449	13,694	8,349	-	-	1,037	1,088	270	1,833	1,623	870	1,684	2,923	2,535	3,044	2,742
Taxes`450/3`	2,122	1,814	6,449	13,694	8,349	-	-	1,037	1,088	270	270	270	220	957	422	-	282	-
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	-	-	1,563	1,353	650	727	2,502	2,535	2,762	2,742
Other amounts payable`47/48`	4,508	7,179	7,179	14,079	40,416	50,416	62,545	14,753	12,067	12,492	-	3,234	4,270	89	4,836	1,765	3,179	-
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	2,397	-	-	3,101	2,179	2,787	2,787	2,787	2,787	2,787
Gross operating margin`9900`	11,809	11,526	9,895	42,376	17,040	0	-33,134	5,911	5,047	-16,625	2,681	5,125	5,253	-19,595	-8,092	2,248	8,531	-11,560
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	-	-	-	-	-	5,879	5,879	549	451	451	791	340	1,518	3,350	3,777	4,168
Other operating charges`640/8`	120	736	493	849	-	0	2,427	543	826	513	459	448	600	427	428	500	1,194	832
Operating profit (loss)`9901`	11,689	10,789	9,402	41,527	17,040	-	-35,561	-511	-1,658	-17,687	1,771	4,226	3,861	-20,362	-10,038	-1,602	3,560	-16,560
Financial income`75/76B`	-	-	-	1,888	-	0	-	2	-	-	-	-	-	-	-	-	-	-
Recurring financial income`75`	-	-	-	1,888	-	0	-	2	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	17,035	54	44	34	17	-	3,569	3,610	4,951	2,842	2,325	2,189	2,289	1,878	2,149	1,686	1,220	1,721
Recurring financial charges`65`	54	54	44	34	17	-	3,569	3,610	4,951	2,842	2,325	2,189	2,289	1,878	2,149	1,686	1,220	1,721
Non-recurring financial charges`66B`	16,980	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	-5,346	10,735	9,358	43,380	17,023	-	-39,130	-4,120	-4,212	-20,529	-554	5,138	3,751	-19,453	-9,399	-501	5,128	-15,493
Income taxes`67/77`	2,935	2,686	2,419	11,240	4,610	-	-	59	105	103	-	-	-	-	-	-	-	-
Profit (loss) for the period`9904`	-8,281	8,050	6,939	32,140	12,413	-	-39,130	-4,178	-4,317	-20,632	-554	5,138	3,751	-19,453	-9,399	-501	5,128	-15,493
Profit (loss) for the period to be appropriated`9905`	-8,281	8,050	6,939	32,140	12,413	-	-39,130	-4,178	-4,317	-20,632	-554	5,138	3,751	-19,453	-9,399	-501	5,128	-15,493
Appropriation of the result
Profit (loss) to be appropriated`9906`	-17,748	-9,467	-17,516	-26,315	-101,220	-113,633	-113,633	-74,503	-70,325	-66,008	-45,376	-44,822	-49,960	-53,711	-34,258	-24,858	-24,358	-29,485
Profit (loss) brought forward from the previous period`14P`	-9,467	-17,516	-24,455	-58,455	-113,633	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	1,859	42,765	-	-	-	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	29-06-2026	2026-00262787	PDF
31-12-2024	micro format	24-06-2025	2025-00170628	PDF
31-12-2023	micro format	17-06-2024	2024-00146345	PDF
31-12-2022	micro format	27-06-2023	2023-00169800	PDF
31-12-2021	micro format	27-06-2022	2022-20122770	PDF
31-12-2020	micro format	01-07-2021	2021-29600240	PDF
31-12-2019	micro format	02-09-2020	2020-50400065	PDF
31-12-2018	micro format	22-07-2019	2019-37400103	PDF
31-12-2017	micro format	23-07-2018	2018-36600519	PDF
31-12-2016	micro format	30-08-2017	2017-59600544	PDF
31-12-2015	abbreviated format	31-08-2016	2016-57300275	PDF
31-12-2014	abbreviated format	31-08-2015	2015-53900596	PDF
31-12-2013	abbreviated format	28-08-2014	2014-51300287	PDF
31-12-2012	abbreviated format	23-08-2013	2013-46600404	PDF
31-12-2011	abbreviated format	23-08-2012	2012-46800457	PDF
31-12-2010	abbreviated format	29-07-2011	2011-36500410	PDF
31-12-2009	abbreviated format	24-08-2010	2010-44900225	PDF
31-12-2008	abbreviated format	28-07-2009	2009-52000178	PDF
31-12-2007	abbreviated format	30-07-2008	2008-52400093	PDF
31-12-2006	abbreviated format	27-07-2007	2007-50600056	PDF
31-12-2005	abbreviated format	31-07-2006	2006-58600703	PDF
31-12-2004	abbreviated format	29-09-2005	2005-76103925	PDF
31-12-2003	abbreviated format	30-07-2004	2004-56305219	PDF
31-12-2002	abbreviated format	01-08-2003	2003-59204375	PDF
31-12-2001	abbreviated format	01-07-2002	2002-31300438	PDF
31-12-2000	abbreviated format	26-07-2001	2001-43403803	PDF
31-12-1999	abbreviated format	12-07-2000	2000-40603967	PDF
31-12-1998	abbreviated format	22-07-1999	1999-36103374	PDF
31-12-1997	abbreviated format	24-07-1998	1998-35703221	PDF
31-12-1996	abbreviated format	24-07-1997	1997-33202182	PDF
31-12-1995	abbreviated format	04-07-1996	1996-31205155	PDF
31-12-1994	abbreviated format	02-08-1995	1995-44200666	PDF
31-12-1993	abbreviated format	06-07-1994	1994-27304592	PDF
31-12-1992	abbreviated format	19-10-1993	1993-40601354	PDF
31-12-1991	abbreviated format	25-08-1992	1992-29400714	PDF
31-12-1990	abbreviated format	13-09-1991	1991-25204367	PDF
31-12-1989	abbreviated format	19-07-1990	1990-18404807	PDF

Line	2025	2024	2023	2022	2021	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-	-	-	-	-	-	-	5,367	4,221	-17,138	2,223	4,677	4,652	-20,022	-8,521	1,748	7,338	-12,392
Cash flow	-	-	-	-	-	-	-	1,700	1,562	-20,084	-102	5,589	4,542	-19,113	-7,882	2,850	8,905	-11,325
Investment in fixed assets (approximation)	-	-	-	17,151	-	-	-	0	28,907	292	0	0	1,805	0	0	1,360	0	4,710
Change in cash	554	4,297	-4,201	-10,405	-	-	-5,661	1,951	-	-	-	-	862	-	-	10,949	-1,828	-
Working capital	844	-2,926	-1,976	-8,915	-38,004	-	-50,416	-12,959	-10,317	-2,986	17,389	17,492	11,902	9,166	28,279	36,160	35,128	28,001
Solvency	7.9%	32.0%	3.7%	-16.3%	-170.8%	-	-292.7%	-16.9%	-9.9%	-5.9%	34.0%	36.5%	24.9%	18.1%	57.5%	49.0%	55.2%	47.1%
Current ratio	1.09	0.80	0.86	0.68	0.37	-	0.25	0.79	0.83	0.94	1.50	1.55	1.30	1.21	2.32	1.91	2.13	1.78
Quick ratio	1.09	0.80	0.86	0.68	0.37	-	0.25	0.15	0.13	0.05	0.20	0.12	0.13	0.08	0.04	0.60	0.49	0.33
Debt to equity	-	2.13	25.78	-	-	-	-	-	-	-	1.94	1.74	3.01	4.52	0.74	1.04	0.81	1.12
ROE	-	88.2%	645.1%	-	-	-	-	-	-	-	-3.1%	27.9%	28.3%	-204.7%	-32.5%	-1.3%	13.2%	-45.9%
ROA	-77.6%	28.2%	24.1%	89.3%	55.8%	-	-227.2%	-6.3%	-6.0%	-43.8%	-1.1%	10.2%	7.0%	-37.0%	-18.7%	-0.6%	7.3%	-21.6%

Pubmaster

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency7.9%

Current ratio1.09

Return on assets-77.6%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on Pubmaster

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