THENEWPUB
ActiveSummary
THENEWPUB has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€300,664) and a net result of €8,062. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 5% of 264 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+75
Solvency0=
Growth85=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.44 against 0.39 in 2024; short-term debt: 221.6% and cash: 2.4% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-180.7%
Return on assets
4.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 264 sector peers (2025).
NBB · sector comparisonPosition among 264 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
41 d late
2024
on the day
2023
33 d early
2022
35 d early
2021
45 d early
2020
74 d late
2019
122 d late
← 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 18 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
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. Usually files around 29 June (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€395,526▲ 25.0%
2018 · €316,534
EBIT margin
-34.3%▲ 16.0pp
2018 · -50.3%
Net result
€8,062
2024 · -€40,223
Working capital
-€206,095▲ 2.6%
2024 · -€211,663
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 58, Publishing 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
Line20212022202320242025
Turnover
Operating result€55,572-€4,288€210,370-€39,799€8,228
Net result€55,691above the sector's middle half-€4,430within the sector's middle half€210,034above the sector's middle half-€40,223below the sector's middle half€8,062within the sector's middle half
EBIT margin
Equity-€474,108below the sector's middle half▲ 10.5%-€478,538below the sector's middle half▼ 0.9%-€268,504below the sector's middle half▲ 43.9%-€308,727below the sector's middle half▼ 15.0%-€300,664below the sector's middle half▲ 2.6%
Total assets€134,814within the sector's middle half▲ 19.2%€124,721within the sector's middle half▼ 7.5%€80,180within the sector's middle half▼ 35.7%€140,074within the sector's middle half▲ 74.7%€166,427within the sector's middle half▲ 18.8%
Debt€608,921▼ 5.3%€603,259▼ 0.9%€348,683▼ 42.2%€448,800▲ 28.7%€467,091▲ 4.1%
Working capital-€393,649below the sector's middle half▲ 13.8%-€383,022below the sector's middle half▲ 2.7%-€180,867below the sector's middle half▲ 52.8%-€211,663below the sector's middle half▼ 17.0%-€206,095below the sector's middle half▲ 2.6%
Solvency-351.7%below the sector's middle half▲ 116.9pp-383.7%below the sector's middle half▼ 32.0pp-334.9%below the sector's middle half▲ 48.8pp-220.4%below the sector's middle half▲ 114.5pp-180.7%below the sector's middle half▲ 39.7pp
Current ratio0.25below the sector's middle half▲ 0.060.24below the sector's middle half▼ 0.010.30below the sector's middle half▲ 0.060.39below the sector's middle half▲ 0.090.44below the sector's middle half▲ 0.05
Return on assets (ROA)41.3%above the sector's middle half▲ 44.6pp-3.6%within the sector's middle half▼ 44.9pp262.0%above the sector's middle half▲ 265.5pp-28.7%below the sector's middle half▼ 290.7pp4.8%within the sector's middle half▲ 33.6pp
Staff (FTE)1▼ 44.4%1=1=1=1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €8,228 after a loss of €39,799 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €166,427
Fixed assets
€3,649 ▼ 16.2%
Current assets
€162,778 ▲ 19.9%
Key figures and ratios
EBITDA
€8,986▲
2024 · -€38,456
Cash flow
€8,820▲
2024 · -€38,879
Debt to equity
-1.55▼
2024 · -1.45
Interest coverage
44.66▲
2024 · -69.00
Debt ≤ 1 year
€368,873▲
2024 · €347,380
Staff costs
€49,417▲
2024 · €47,748
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,379 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.4%
went bankrupt
3.2%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,379 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €13,981 | €1,853 | €253,149 | - | - | - |
| Remuneration, social security and pensions62 | €51,179 | €44,776 | €49,134 | €47,748 | €49,417 | ▲ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €749 | €821 | €1,343 | €758 | ▼ 43.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€20,562 | - | - | - | - | - |
| Other operating charges640/8 | €348 | €374 | €220 | €788 | - | - |
| Non-recurring operating charges66A | €0 | €1,272 | - | - | €4,783 | - |
| Gross operating margin9900 | €86,537 | €42,883 | €260,544 | €10,080 | €63,186 | ▲ 527% |
| Operating profit (loss)9901 | €55,572 | -€4,288 | €210,370 | -€39,799 | €8,228 | ▲ 121% |
| Financial income75/76B | €367 | €65 | €127 | €134 | €35 | ▼ 73.6% |
| Recurring financial income75 | €367 | €65 | €127 | €134 | €35 | ▼ 73.6% |
| Financial charges65/66B | €249 | €208 | €464 | €557 | €201 | ▼ 63.9% |
| Recurring financial charges65 | €249 | €208 | €464 | €557 | €201 | ▼ 63.9% |
| Profit (loss) for the period before taxes9903 | €55,691 | -€4,430 | €210,034 | -€40,223 | €8,062 | ▲ 120% |
| Profit (loss) for the period9904 | €55,691 | -€4,430 | €210,034 | -€40,223 | €8,062 | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | €55,691 | -€4,430 | €210,034 | -€40,223 | €8,062 | ▲ 120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134,814 | €124,721 | €80,180 | €140,074 | €166,427 | ▲ 18.8% |
| Fixed assets21/28 | €2,700 | €4,413 | €3,618 | €4,356 | €3,649 | ▼ 16.2% |
| Intangible fixed assets21 | €0 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €0 | €1,713 | €893 | €1,606 | €849 | ▼ 47.2% |
| Furniture and vehicles24 | €0 | €1,713 | €893 | €1,606 | €849 | ▼ 47.2% |
| Financial fixed assets28 | €2,700 | €2,700 | €2,725 | €2,750 | €2,800 | ▲ 1.8% |
| Current assets29/58 | €132,114 | €120,307 | €76,562 | €135,717 | €162,778 | ▲ 19.9% |
| Amounts receivable within one year40/41 | €97,532 | €66,232 | €70,108 | €130,113 | €156,466 | ▲ 20.3% |
| Trade receivables40 | €94,706 | €64,535 | €65,558 | €129,726 | €156,376 | ▲ 20.5% |
| Other amounts receivable41 | €2,827 | €1,697 | €4,550 | €387 | €89 | ▼ 77.0% |
| Cash at bank and in hand54/58 | €34,581 | €53,339 | €6,069 | €4,523 | €4,018 | ▼ 11.2% |
| Deferred charges and accrued income490/1 | - | €737 | €385 | €1,082 | €2,295 | ▲ 112% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134,814 | €124,721 | €80,180 | €140,074 | €166,427 | ▲ 18.8% |
| Equity10/15 | -€474,108 | -€478,538 | -€268,504 | -€308,727 | -€300,664 | ▲ 2.6% |
| Contributions10/11 | €198,000 | €198,000 | €198,000 | €198,000 | €198,000 | = |
| Capital10 | €198,000 | €198,000 | €198,000 | €198,000 | €198,000 | = |
| Issued capital100 | €198,000 | €198,000 | €198,000 | €198,000 | €198,000 | = |
| Profit (loss) carried forward14 | -€672,108 | -€676,538 | -€466,504 | -€506,727 | -€498,664 | ▲ 1.6% |
| Amounts payable17/49 | €608,921 | €603,259 | €348,683 | €448,800 | €467,091 | ▲ 4.1% |
| Amounts payable within one year42/48 | €525,763 | €503,329 | €257,429 | €347,380 | €368,873 | ▲ 6.2% |
| Financial debts43 | €965 | €1,274 | €1,189 | €1,910 | €748 | ▼ 60.8% |
| Credit institutions430/8 | €965 | €1,274 | €1,189 | €1,910 | €748 | ▼ 60.8% |
| Trade debts44 | €119,728 | €97,046 | €80,272 | €148,028 | €169,843 | ▲ 14.7% |
| Suppliers440/4 | €119,728 | €97,046 | €80,272 | €148,028 | €169,843 | ▲ 14.7% |
| Taxes, remuneration and social security45 | €5,071 | €5,009 | €5,968 | €7,442 | €8,282 | ▲ 11.3% |
| Taxes450/3 | €0 | €27 | €433 | €1,825 | €2,486 | ▲ 36.2% |
| Remuneration and social security454/9 | €5,071 | €4,982 | €5,534 | €5,616 | €5,796 | ▲ 3.2% |
| Other amounts payable47/48 | €400,000 | €400,000 | €170,000 | €190,000 | €190,000 | = |
| Accrued charges and deferred income492/3 | €83,158 | €99,930 | €91,255 | €101,420 | €98,218 | ▼ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,691 | -€4,430 | €210,034 | -€40,223 | €8,062 | ▲ 120% |
| + Depreciation and write-downs630 | - | €749 | €821 | €1,343 | €758 | ▼ 43.6% |
| Operating cash flow (approximation) | €55,691 | -€3,682 | €210,855 | -€38,879 | €8,820 | ▲ 123% |
| Investment in fixed assets (approximation) | - | -€2,462 | -€25 | -€2,082 | -€50 | ▲ 97.6% |
| Change in cash | - | €18,757 | -€47,270 | -€1,546 | -€505 | ▲ 67.4% |
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
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 41 days late
2025
31-12
Financial
Back to profitnet €8,062
Net result €8,062 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €210,034
Net result €210,034 after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €55,691
Net result €55,691 after 3 loss-making years.
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 74 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
09-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Anderlecht · 1 establishment unit since 2021
Ground area
1.0 ha
Building footprint
2,081 m²
Volume, LiDAR
42,712 m³
Parcel 21305C0327/00Y012, Brussels · tallest building 23.6 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Barastraat 173-177, 1070 Anderlecht
since 20212.333.678.854
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305C0327/00Y012 ProtectedMonument · Site or landscapeVeeartsenijschool van Kuregem en het park |
Brussels | 1.0 ha | 1 · 2,081 m² | 23.6 m · 7 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,115 companies in sector 58110 we hold annual accounts for 363. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-05-2015
Fiscal year end31-12
Activities, NACEBEL 2025
58110Book publishing
58190Other publishing activities, excluding software publishing
58120Publishing activities
58130Publishing activities
61200Telecommunications resale and intermediation services
63910Web portal activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0630657079
Registered
12-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.