PubSub
Annual accounts 2025
micro format, filed on 24-02-2026, 157 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €130,000 and €190,000.
Balance sheet
balance sheet total €234,262 on 31-12-2025in euro
in euro
Position in the sector
6.5%
Higher than 12% of 21,208 companies in 2025.
1.07
Higher than 20% of 20,571 companies in 2025.
21.2%
Higher than 55% of 20,746 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
234,262 | 209,135 | 162,782 | 114,640 | |
21/28 |
804 | 7,229 | 16,803 | 26,377 | |
22/27 |
804 | 7,229 | 16,803 | 26,377 | |
24 |
804 | 7,229 | 16,803 | 26,377 | |
29/58 |
233,458 | 201,906 | 145,979 | 88,263 | |
40/41 |
7,071 | 2,774 | 11,557 | 16,694 | |
40 |
5,876 | 1,122 | 8,560 | 7,545 | |
41 |
1,196 | 1,652 | 2,997 | 9,149 | |
50/53 |
104,100 | 142,484 | 83,585 | - | |
54/58 |
122,287 | 56,436 | 50,837 | 71,569 | |
490/1 |
- | 212 | - | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
234,262 | 209,135 | 162,782 | 114,640 | |
10/15 |
15,336 | 204,688 | 149,398 | 92,768 | |
10/11 |
15,000 | 15,000 | 15,000 | 15,000 | |
14 |
336 | 189,688 | 134,398 | 77,768 | |
17/49 |
218,926 | 4,448 | 13,384 | 21,872 | |
17 |
- | - | - | 6,820 | |
170/4 |
- | - | - | 6,820 | |
42/48 |
218,908 | 4,430 | 13,367 | 15,035 | |
42 |
- | - | 7,666 | 10,894 | |
44 |
169 | 161 | 46 | - | |
440/4 |
169 | 161 | 46 | - | |
45 |
8,165 | 4,269 | 5,655 | 4,141 | |
450/3 |
8,165 | 4,269 | 5,655 | 4,141 | |
47/48 |
210,575 | - | - | - | |
492/3 |
17 | 17 | 17 | 17 | |
| Income statement | |||||
9900 |
75,893 | 81,581 | 82,759 | 114,531 | |
630 |
6,426 | 9,574 | 9,574 | 11,880 | |
640/8 |
1,166 | 1,138 | 721 | 2,028 | |
9901 |
68,302 | 70,869 | 72,464 | 100,623 | |
75/76B |
2,178 | 1,934 | 832 | 15 | |
75 |
2,178 | 1,934 | 832 | 15 | |
65/66B |
2,945 | 2,135 | 1,033 | 668 | |
65 |
2,945 | 2,135 | 1,033 | 668 | |
9903 |
67,535 | 70,669 | 72,262 | 99,970 | |
67/77 |
17,886 | 15,379 | 15,632 | 22,202 | |
9904 |
49,649 | 55,290 | 56,630 | 77,768 | |
9905 |
49,649 | 55,290 | 56,630 | 77,768 | |
| Appropriation of the result | |||||
9906 |
239,336 | 189,688 | 134,398 | 77,768 | |
14P |
189,688 | 134,398 | 77,768 | - | |
694/7 |
239,000 | - | - | - | |
694 |
239,000 | - | - | - | |
| Document | |||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 24-02-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 74,727 | 80,443 | 82,038 | 112,503 | ||
| 56,074 | 64,864 | 66,204 | 89,648 | ||
| 0 | 0 | 0 | 38,257 | ||
| 65,851 | 5,599 | -20,732 | - | ||
| 14,550 | 197,476 | 132,612 | 73,229 | ||
| 6.5% | 97.9% | 91.8% | 80.9% | ||
| 1.07 | 45.57 | 10.92 | 5.87 | ||
| 14.27 | 0.02 | 0.09 | 0.24 | ||
| 323.7% | 27.0% | 37.9% | 83.8% | ||
| 21.2% | 26.4% | 34.8% | 67.8% | ||
| 25.37 | 37.69 | 79.40 | over 100 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €38,257 |
| €6,426 | €9,574 | €9,574 | €11,880 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on PubSub
The operating result for 2025 is 4% lower than in 2024 and the lowest since 2022. It is the third fall in a row.
Debt's share of the balance-sheet total rises from 2.1% to 93.5%. Equity is lower and debt is higher.