Equity
€15,336 from €204,688 in 2024
Equity fell by 93% in 1 year.
PubSub
Overview
Lifetime
4 annual accounts with figures on one time axispeak €114,531 (2022)
€75,893▼ 7.0%
peak €77,768 (2022)
€49,649▼ 10.2%
peak €204,688 (2024)
€15,336▼ 92.5%
€218,926▲ 49×
Board1 name since 2021
1 directorVAN MOOTER Mich
Documentsfilings and deeds
24-02-2026157 days before the deadline
2025micro format
Dividend €239,000Equity from €204,688 to €15,336Debts from €4,448 to €218,926Cash from €56,436 to €122,287
Key points
from the 2025 annual accountsTurnover
≈ €150,000 estimated
The micro format states no turnover.
Debts
€218,926 93% of the balance sheet
Suppliers 0%Taxes and wages 4%Other 96%
Of this, €218,908 falls due within a year.
Liquidity
1.07 was 45.57 in 2024
Short-term debts rose from €4,430 to €218,908.
Filings
4 annual accounts since 2022
The last four annual accounts were filed 27 to 157 days before the end of the period.
Position in the sector
6.5%
Lower solvency than 87% of companies in computer programming and consultancy. Sector median 60.0% · 21,208 companies.
Checked score
85
Excellent
Financially stronger than 27% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: 0.1%▲ +0.1 percentage points vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
Equity €15,336 (6.5% of total assets)
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 1.07, cash €122,287
Calculation
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 62, micro). It does better than 14% of them on solvency, 27% on liquidity, 60% on profitability and 6% on growth.
The bankruptcy probability was computed on 09-11-2026 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).
Comparable companies, two years later
In July 2024, 2,153 companies had the same profile as PubSub has now. Each dot stands for 6 companies, two years later.
96.1%
were still trading
2.2%
stopped another way
1.7%
went bankrupt
The bankruptcy probability of PubSub itself is lower: 0.2% within 12 months. It rests on far more data about PubSub than the profile alone.
Test of the method
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 2,153 companies, not a prediction for PubSub. 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.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.07 (45.57 in 2024), below the usual 1.5. Short-term debt is 93.4% and cash 52.2% of total assets. 93.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 21208 sector peers (2025).
NBB · sector comparisonPosition among 21208 sector peers
Solvency
better than 12%
← weakest
strongest →
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 24-02-2026, 157 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
157 days early
2024
27 days early
2023
133 days early
2022
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 87 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 May (3 of the last 4 accounts filed within 54 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Mortsel to Zoersel
New registered office: Gagelhoflaan 29, 2980 Zoersel · Previous registered office: Meidoorn 10, 2640 Mortsel · Board meeting of 11-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0769848517
Incorporation
Founding capital of €15,000, 100 shares · Founder: VAN MOOTER Mich · Appointment: VAN MOOTER Mich (director) · published on 22-06-2021 · Gazette deed
First establishment
Gagelhoflaan 29, Zoersel
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PubSub Zoersel | €234,262 | €75,893 | 6.5% | - |
| Astraverse Zoersel | €239,887 | €75,491 | 90.0% | - |
| Cynghorydd Zoersel | €252,255 | €79,443 | 7.0% | - |
| EXPLIK Rumst | €218,766 | €76,808 | 53.7% | - |
| Charlotte Dekens Duffel | €247,715 | €73,303 | 93.7% | - |
| DCB Consulting Antwerp | €248,237 | €83,401 | 23.9% | - |
| HF IT-CONSULTING Oud-Turnhout | €224,497 | €84,438 | 67.6% | - |
These companies have the same main activity as PubSub: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €219,000 and €252,000, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 18-06-2021Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 3 others
- Establishment unit
- 2.321.370.7422980 Zoersel, since 18-06-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 05-10-2025
Annual accounts 2025
- €75,893▼ 7.0%
- €49,649▼ 10.2%
- €15,336▼ 92.5%
- €234,262▲ 12.0%
- Filing
- Filed on 24-02-2026, 157 days before the end of the filing period
Insights on PubSub
PubSub files the micro format. That format states no turnover. The gross margin fell from €114,531 in 2022 to €75,893 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 24-02-2026, 157 days before the deadline€75,893
▼ 7.0%
€68,302
▼ 3.6%
€49,649
▼ 10.2%
€14,550
▼ 92.6%
6.5%
▼ 91.3 percentage points
1.07
▼ 44.51
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 ≈ €150,000. Estimated: probably between €130,000 and €190,000.
Balance sheet
balance sheet total €234,262 on 31-12-2025What the company ownsHow it is paid for
in 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.
PubSub
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
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.
Board & ownership
Board
1 director, since incorporation- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 22-06-2021
Mandates through the years
1 name, the dashed line is todayControl
Capital
- Contribution
- €15,000
- Shares
- 100
- Contribution per share
- €150
- Equity per share
- €153 in 2025
- Source
- deed of 22-06-2021
Articles of association
deed of 22-06-2021 (in Dutch)- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Monday of June at 19:00
Founder
At incorporation
deed of 22-06-2021 ↗
- VAN MOOTER Mich sole founder · 100% at incorporation
Network & group
No group
PubSub has no parent and no holdings in its annual accounts. VAN MOOTER Mich is the only director. PubSub shares no director with another company.
At the same address
Gagelhoflaan 29, 2980 Zoersel · 1 other company| Peeters, Sarah (sole trader)
establishment since 01-10-2023 |
founded in 2023 0805.222.140 |
Timeline
Timeline
11 events since 2021Filings
Financial
Establishments
Address
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Registered office moved from Mortsel to ZoerselNew registered office: Gagelhoflaan 29, 2980 Zoersel · Previous registered office: Meidoorn 10, 2640 Mortsel · Board meeting of 11-06-20263 points ▸
- Board meeting, 11-06-2026
- Registered-office move, Gagelhoflaan 29, 2980 Zoersel
- Power of attorney, BV YvR Accountancy & Tax
- The deed holds 1 more point.
Annual accounts 2025 filed PDFmicro format · 157 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0769848517
Annual accounts 2024 filed PDFmicro format · 27 days before the deadline
2024
Liquidity more than quadruples current ratio 45.57 The current ratio rises from 10.92 to 45.57. Short-term debt falls from €13,367 to €4,430.
Equity above €200,000 equity €204,688 ▲37% With a profit in every financial year since 2022, equity grows to €204,688.
Annual accounts 2023 filed PDFmicro format · 133 days before the deadline
2023
Equity above €100,000 equity €149,398 ▲61% With a profit in every financial year since 2022, equity grows to €149,398.
Annual accounts 2022 filed PDFmicro format · 31 days before the deadline
2021
IncorporationFounding capital of €15,000, 100 shares · Founder: VAN MOOTER Mich · Appointment: VAN MOOTER Mich (director) · published on 22-06-20215 points ▸
- Founder, VAN MOOTER Mich
- Founding capital, €15,000, 100 shares
- Registered office clause, Meidoorn 10/5, 2640 Mortsel
- Board rule, 1
- Director appointment, VAN MOOTER Mich
- The deed holds 3 more points.
First establishment Gagelhoflaan 29, Zoersel
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0769.848.517
- VAT number
- BE 0769.848.517
- Peppol ID
- 0208:0769848517
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 18-06-2021
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Monday of June at 19:00deed of 22-06-2021 (in Dutch)
- Peppol
- Reachable since 05-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- PubSub in Dutch
- Entity type
- Legal entity
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 22-06-2021 (in Dutch)
Activities
NACEBEL 202562200
Computer consultancy and computer facilities management main activity
62100
Computer programming
Codes under NACEBEL 2008
62020
IT consultancy main activity
62010
Computer programming, consultancy and related activities
62030
Computer programming, consultancy and related activities
62090
Computer programming, consultancy and related activities
63110
Computing infrastructure, data processing, hosting and other information service activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “ICT consultancy. Produceren van software(op maat gemaakt,in teamverband of op zelfstandige basis)zo ook de verkoop van eventueel gemaakte…”deed of 22-06-2021 (in Dutch)
17 activities
- ICT consultancy. Produceren van software(op maat gemaakt,in teamverband of op zelfstandige basis)zo ook de verkoop van eventueel gemaakte producten of het aanbieden van diensten in verband met softwareontwikkeling;
- Ontwikkelen van online applicaties op internet,programmeren en ontwerpen van websites,integreren van nieuwe modules in bestaande websites,aanpassen en onderhouden van websites;
- Klein en groothandel,aan-en verkoop,import en export,commissiehandel in computers,computeronderdelen en toebehoren,zowel hardware als software;
- Beheer van computerfaciliteiten;
- Gegevensverwerking,webhosting en aanverwante activiteiten;
- Personeel aanwerven,selecteren en achteraf opleiden en begeleiden;
- Zakelijke en overige dienstverlening en adviesverlening inzake bovengemelde activiteiten,inclusief handelsbemiddeling;
- Het verlenen van diensten op het gebied van administratie en financiën,organisatie,informatisering,dagelijks beheer,evenals het verstrekken van adviezen in verband met het beheer en de controle van de ondernemingen en organisaties(Management Consulting);
- Aankoop,verkoop,bouwen,verbouwen,huren enzoverder van onroerend goed in zoverre dit de uitbating van de handelsactiviteiten ten goede komt
- Het uitvoeren van alle secretariaatswerk en alle administratieve werken in de ruimste zin van het woord;
- Ontwerpen en voeren van reclame en promotiecampagnes voor derden via de verschillende media;
- Onderzoek naar de omvang van de markt voor bepaalde producten,de ontvangst en de bekendheid van producten en koopgewoonten,met het oog op verkoopbevordering en ontwikkeling van nieuwe producten alsook de statistische analyses van de resultaten van het onderzoek;
- Administratieve en ondersteunende activiteiten ten behoeve van kantoren en overige zakelijke activiteiten;
- De organisatie,coördinatie en kwaliteitsbewaking van de te leveren diensten t.o.v.de klanten;
- De organisatie,coördinatie en kwaliteitsbewaking van de geleverde diensten door leveranciers;
- Het afsluiten van mandaten,abonnementsverbintenissen en contracten met derden voor rekening van de onderneming;
- De algemene vertegenwoordiging en de public relations met het oog op een positief imago
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Gagelhoflaan 29 registered office 2980 Zoersel | 18-06-2021 | 2.321.370.742 |
1 former office
- Meidoorn 10, 2640 Mortsel until 05-06-2026 · deed of 13-07-2026
Buildings and parcels at the address
- Ground area
- 1,181 m²
- Buildings
- 162 m²
- Volume, LiDAR
- 827 m³
- Tallest building
- 7.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11055D0114/00Z005 | 1,181 m² | 1 · 162 m² | 7.5 m · 2 |