PUBLILEC (Cooperative company with limited liability) — Seraing (4100)

Identity

Source · BCE/KBO

PUBLILEC is a Cooperative company with limited liability incorporated in 1978. Its main activity is: Trade of electricity. Its registered office is in Seraing. It employs on average 2,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0219.808.433
Incorporation: 22/07/1978
Legal form: Cooperative company with limited liability
Registered office: Place Communale -
4100 Seraing · WallonieSee on map
Contributed capital: 143 538 714,00 €
Latest accounts: 31/12/2025
Average workforce: 2,3 ETP

Activities (NACE)

35140Trade of electricity· main 35150Electric power generation, transmission and distribution

Contacts

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Signals

ProfitableSolid equityLow riskPositive cashflowHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
EBITDA	-600,9 k €	+41.1%	-1 M €	-12.6%	-905,8 k €	+82.9%	-5,3 M €	-488%	-899,1 k €
Operating result	-602,7 k €	+41.0%	-1 M €	-12.4%	-908 k €	+82.8%	-5,3 M €	-483%	-907,5 k €
Net result	23,8 M €	+878%	2,4 M €	+13.1%	2,2 M €	+181%	-2,7 M €	-160%	4,4 M €
Balance sheet
Equity	168,3 M €	+3.6%	162,5 M €	-3.3%	168,1 M €	-0.2%	168,4 M €	-1.6%	171,1 M €
Total assets	193,9 M €	+8.4%	179 M €	-0.1%	179,1 M €	+0.9%	177,5 M €	-2.1%	181,3 M €
Cash	356,4 k €	-15.5%	421,9 k €	+57.6%	267,6 k €	-41.5%	457,6 k €	+92.6%	237,5 k €
Debts	25,5 M €	+56.6%	16,3 M €	+47.4%	11,1 M €	+22.3%	9 M €	-11.2%	10,2 M €
Other
Workforce	2,3 ETP	-11.5%	2,6 ETP	0.0%	2,6 ETP	-23.5%	3,4 ETP	-20.9%	4,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

10 active · 55 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GABY VERSTRAETE	Director23/03/2023 → 24/06/2031
BERTRAND DEMONCEAU	Director29/06/2023 → 24/06/2031
DAVID DE BRABANT	Director01/10/2023 → 24/06/2031
DEBORAH GERADON	Chairman of the board of directors13/11/2020 → 24/06/2031
FRANK WILRYCX	Director28/06/2018 → 24/06/2031
GREGORY DEMAL	Director17/11/2022 → 24/06/2031
LIES LARIDON	Vice-chairman of the board of directors27/06/2019 → 24/06/2031
THIERRY HARDY	Director24/06/2025 → 24/06/2031
VALTER POLESE	Director26/06/2007 → 24/06/2031
WALTER MILITELLO	Director24/06/2025 → 24/06/2031

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ERIC DEKEYSER	Director02/06/2021 → 2022 accounts
BERNARD THIRY	Director23/12/2019 → 2023 accounts

Other companies at this address

Place Communale - 4100 Seraing

Company	CBE no.
Ville de Seraing● Active	0207.347.002

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/07/2026	02/07/2025	05/07/2024	30/06/2023	25/06/2022	20/07/2021
General meeting	30/06/2026	24/06/2025	27/06/2024	29/06/2023	23/06/2022	24/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	03/07/2026	French	PDF
Full model	31/12/2024	24/06/2025	02/07/2025	French	PDF
Full model	31/12/2023	27/06/2024	05/07/2024	French	PDF
Full model	31/12/2022	29/06/2023	30/06/2023	French	PDF
Full model	31/12/2021	23/06/2022	25/06/2022	French	PDF
Full model	31/12/2020	24/06/2021	20/07/2021	French	PDF
Full model	31/12/2019	07/09/2020	15/09/2020	French	PDF
Full model	31/12/2018	27/06/2019	01/07/2019	French	PDF
Full model	31/12/2017	28/06/2018	29/06/2018	French	PDF
Full model	31/12/2016	28/06/2017	29/06/2017	French	PDF
Full model	31/12/2015	28/06/2016	29/06/2016	French	PDF
Full model	31/12/2014	29/06/2015	01/07/2015	French	PDF
Full model	31/12/2013	11/06/2014	13/06/2014	French	PDF
Full model	31/12/2012	19/06/2013	20/06/2013	French	PDF
Full model	31/12/2011	20/06/2012	25/06/2012	French	PDF
Full model	31/12/2010	24/06/2011	06/07/2011	French	PDF
Full model	31/12/2009	22/06/2010	15/07/2010	French	PDF
Full model	31/12/2008	26/06/2009	17/07/2009	French	PDF
Full model	31/12/2007	18/06/2008	23/06/2008	French	PDF
Full model	31/12/2006	26/06/2007	24/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

10 active · 55 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GABY VERSTRAETE	Director23/03/2023 → 24/06/2031
BERTRAND DEMONCEAU	Director29/06/2023 → 24/06/2031
DAVID DE BRABANT	Director01/10/2023 → 24/06/2031
DEBORAH GERADON	Chairman of the board of directors13/11/2020 → 24/06/2031
FRANK WILRYCX	Director28/06/2018 → 24/06/2031
GREGORY DEMAL	Director17/11/2022 → 24/06/2031
LIES LARIDON	Vice-chairman of the board of directors27/06/2019 → 24/06/2031
THIERRY HARDY	Director24/06/2025 → 24/06/2031
VALTER POLESE	Director26/06/2007 → 24/06/2031
WALTER MILITELLO	Director24/06/2025 → 24/06/2031

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ERIC DEKEYSER	Director02/06/2021 → 2022 accounts
BERNARD THIRY	Director23/12/2019 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other20/03/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Other20/03/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates02/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates27/04/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates19/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/05/2021
DEMISSIONS, NOMINATIONS
PDF
Other26/03/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other26/03/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

GABY VERSTRAETE

BERTRAND DEMONCEAU

DAVID DE BRABANT

GREGORY DEMAL

THIERRY HARDY

VALTER POLESE

LIES LARIDON

DEBORAH GERADON

FRANK WILRYCX

WALTER MILITELLO

ERIC DEKEYSER

BERNARD THIRY

Show the 53 other mandates

197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

PUBLILEC

Place Communale -, 4100 Seraing

Director

Vice-chairman of the board of directors

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Place Communale -, 4100 SeraingCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00248284

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
PUBLILECCurrent	accounts 2008 → 2025	Accounts 2025 · 2026-00248284

Events

2025
Annual accounts 202523,8 M €↑
2024
Annual accounts 20242,4 M €↑
2023
Annual accounts 20232,2 M €↑
2022
Annual accounts 2022-2,7 M €↓
17/11/2022
nominationGrégory Demal · administrateur
22/06/2022
nomination3R, Leboutte & Co · Commissaire-réviseur
2021
Annual accounts 20214,4 M €↑
02/06/2021
nominationEric De Keyser · membre du Conseil d'administration
2020
Annual accounts 20201,9 M €↑
2019
Annual accounts 2019967 k €↓
2018
Annual accounts 20189,5 M €↓
2017
Annual accounts 201711,7 M €↑
2016
Annual accounts 201611,5 M €↑
2015
Annual accounts 20154,5 M €↓
2014
Annual accounts 201411,3 M €↓
2013
Annual accounts 201318,2 M €↓
2012
Annual accounts 201226,7 M €↑
2011
Annual accounts 201120,5 M €↑
2010
Annual accounts 201013,4 M €↑
2009
Annual accounts 20099,6 M €↑
2008
Annual accounts 20085,1 M €
22/07/1978
IncorporationCooperative company with limited liability

PUBLILEC

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events