ACTIVE

PUBLIROUTE

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Financial year 2025 · closed on 31/12/2025

Net result

-30,8 k €

-104.9% YoY

Gross margin

3,8 M €

-19.2% YoY

Equity

11,8 M €

-0.3% YoY

Workforce

23,0 ETP

-18.1% YoY

What does PUBLIROUTE do?

PUBLIROUTE is a Public limited company incorporated in 1990. Its main activity is: Advertising agencies. Its registered office is in Asse. It employs on average 23,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.679.701

Incorporation

04/10/1990

Legal form

Public limited company

Registered office

Poverstraat 88
1731 Asse · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

23,0 ETP

Activities (NACE)

73110Advertising agencies· main 73110Advertising agencies 73120Media representation 73120Media representation 74401Other professional, scientific and technical activities 74402Other professional, scientific and technical activities+2

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive cashflowHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3,8 M €	-19.2%	4,7 M €	-2.3%	4,8 M €	+1.6%	4,7 M €	-10.5%	5,3 M €	+2.6%	5,1 M €	-17.8%	6,3 M €	+35.0%	4,6 M €	-6.6%	5 M €	-0.6%	5 M €	+7.1%	4,7 M €	-3.7%	4,8 M €	+17.7%	4,1 M €	-3.6%	4,3 M €	+25.0%	3,4 M €	+5.2%	3,2 M €	+27.0%	2,6 M €	+11.0%	2,3 M €
EBITDA	-248,7 k €	-140%	620,2 k €	+2.7%	603,9 k €	+2.1%	591,7 k €	-61.4%	1,5 M €	-4.3%	1,6 M €	-23.4%	2,1 M €	+54.1%	1,4 M €	-22.6%	1,8 M €	+22.5%	1,4 M €	-13.9%	1,7 M €	-15.8%	2 M €	+61.6%	1,2 M €	-5.1%	1,3 M €	+49.6%	860,5 k €	-10.6%	963,1 k €	+103%	473,8 k €	-23.8%	621,4 k €
Operating result	-395,5 k €	-184%	471,3 k €	+6.3%	443,5 k €	-28.4%	619,7 k €	-42.7%	1,1 M €	+5.1%	1 M €	-33.2%	1,5 M €	+27.1%	1,2 M €	-24.5%	1,6 M €	+27.4%	1,3 M €	-15.0%	1,5 M €	-18.1%	1,8 M €	+62.6%	1,1 M €	-6.1%	1,2 M €	+42.1%	833,5 k €	-12.0%	947,5 k €	+108%	454,8 k €	-25.3%	608,8 k €
Net result	-30,8 k €	-105%	625,4 k €	-14.8%	733,8 k €	+43.5%	511,2 k €	-22.5%	659,8 k €	+47.0%	449 k €	-52.1%	938,1 k €	+356%	205,7 k €	-81.3%	1,1 M €	+115%	510,5 k €	-61.9%	1,3 M €	+13.0%	1,2 M €	+71.6%	692 k €	-20.9%	875,2 k €	+64.1%	533,3 k €	-12.5%	609,4 k €	+170%	225,4 k €	-15.9%	267,9 k €
Balance sheet
Equity	11,8 M €	-0.3%	11,8 M €	+5.6%	11,2 M €	+7.0%	10,5 M €	+5.1%	9,9 M €	+17.8%	8,4 M €	+5.6%	8 M €	+13.3%	7,1 M €	+3.0%	6,8 M €	+19.1%	5,7 M €	+9.7%	5,2 M €	+27.9%	4,1 M €	+31.8%	3,1 M €	+22.1%	2,5 M €	+41.4%	1,8 M €	+31.7%	1,4 M €	+59.4%	858,1 k €	+35.6%	632,7 k €
Total assets	17,2 M €	+2.6%	16,8 M €	+1.6%	16,5 M €	+4.1%	15,9 M €	+5.7%	15 M €	+22.0%	12,3 M €	-3.0%	12,7 M €	-0.8%	12,8 M €	+2.2%	12,5 M €	+1.7%	12,3 M €	+7.8%	11,4 M €	+7.7%	10,6 M €	+16.6%	9,1 M €	+11.2%	8,2 M €	+6.7%	7,7 M €	+5.2%	7,3 M €	+4.2%	7 M €	+1.9%	6,8 M €
Cash	550 €	+285%	142,8 €	-95.0%	2,9 k €	+199%	962,6 €	-99.5%	176,1 k €	-95.4%	3,8 M €	+2.5%	3,7 M €	+54.6%	2,4 M €	-33.8%	3,6 M €	+17.4%	3,1 M €	+18.3%	2,6 M €	+48.2%	1,8 M €	+20.8%	1,5 M €	+114%	684,3 k €	+123%	307,3 k €	+18.0%	260,3 k €	+47.1%	177 k €	-39.4%	291,9 k €
Debts	2,6 M €	+26.2%	2,1 M €	-1.3%	2,1 M €	-3.3%	2,2 M €	+8.3%	2 M €	+93.8%	1 M €	-40.0%	1,7 M €	-20.7%	2,2 M €	+1.8%	2,1 M €	-27.5%	2,9 M €	+15.3%	2,6 M €	-6.5%	2,7 M €	+7.1%	2,6 M €	-3.6%	2,6 M €	-11.4%	3 M €	+13.9%	2,6 M €	-14.5%	3,1 M €	-14.9%	3,6 M €
Other
Workforce	23,0 ETP	-18.1%	28,1 ETP	-2.8%	28,9 ETP	-4.3%	30,2 ETP	-0.7%	30,4 ETP	-1.9%	31,0 ETP	+1.0%	30,7 ETP	+53.5%	20,0 ETP	0.0%	20,0 ETP	-9.1%	22,0 ETP	+10.0%	20,0 ETP	-4.8%	21,0 ETP	+16.7%	18,0 ETP	0.0%	18,0 ETP	-5.3%	19,0 ETP	0.0%	19,0 ETP	+11.8%	17,0 ETP	-1.7%	17,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 24 ended

Active mandates

C.S. CONSULTING

Director · since 01 septembre 2023 · until 31 août 2029 · 0471.418.119

Represented by LIONEL BLAISE

Active

JBMa

Director · since 01 septembre 2023 · until 31 août 2029 · 0822.386.487

Represented by JEROME BLANCHEVOYE

Active

PHILIPPE ADRIANNE

Managing director · since 01 septembre 2023 · until 31 août 2029

Active

THIERRY DESMEDT

Director · since 01 septembre 2023 · until 31 août 2029

Active

Ended mandates

C.S. CONSULTING

Director · since 01 septembre 2023 · until 01 septembre 2029 · 0471.418.119

Represented by Lionel Blaise

Ended

Philippe Andrianne

Managing director · since 01 septembre 2023 · until 01 septembre 2029

Ended

Thierry Desmedt

Director · since 01 septembre 2023 · until 01 septembre 2029

Ended

C.S. CONSULTING

Director · since 27 avril 2023 · until 25 juin 2024 · 0471.418.119

Represented by Adriannne Philippe

Ended

At this address

Other companies at this address

Company	CBE no.
C.S. CONSULTING● Active	0471.418.119

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	13/05/2026	07/08/2025	31/05/2024	15/06/2023	12/05/2022	23/06/2021
General meeting	30/04/2026	24/04/2025	25/04/2024	27/04/2023	28/04/2022	29/04/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/04/2026	13/05/2026	Dutch	PDF
Abridged model	31/12/2024	24/04/2025	07/08/2025	Dutch	PDF
Abridged model	31/12/2023	25/04/2024	31/05/2024	Dutch	PDF
Abridged model	31/12/2022	27/04/2023	15/06/2023	Dutch	PDF
Abridged model	31/12/2021	28/04/2022	12/05/2022	Dutch	PDF
Abridged modelCorrection	31/12/2020	29/04/2021	23/06/2021	Dutch	PDF
Abridged model	31/12/2020	29/04/2021	17/05/2021	Dutch	PDF
Abridged model	31/12/2019	25/06/2020	08/07/2020	Dutch	PDF
Abridged modelCorrection	31/12/2018	14/06/2019	03/01/2020	Dutch	PDF
Abridged model	31/12/2018	14/06/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	25/06/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	23/06/2017	25/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	26/07/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	24/07/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	17/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	25/07/2013	Dutch	PDF
Abridged model	31/12/2011	22/06/2012	09/07/2012	French	PDF
Abridged model	31/12/2010	24/06/2011	28/07/2011	French	PDF
Abridged model	31/12/2009	25/06/2010	29/06/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	27/07/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	30/06/2008	French	PDF
Abridged model	31/12/2006	22/06/2007	12/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 24 ended

Active mandates

C.S. CONSULTING

Director · since 01 septembre 2023 · until 31 août 2029 · 0471.418.119

Represented by LIONEL BLAISE

Active

JBMa

Director · since 01 septembre 2023 · until 31 août 2029 · 0822.386.487

Represented by JEROME BLANCHEVOYE

Active

PHILIPPE ADRIANNE

Managing director · since 01 septembre 2023 · until 31 août 2029

Active

THIERRY DESMEDT

Director · since 01 septembre 2023 · until 31 août 2029

Active

Ended mandates

C.S. CONSULTING

Director · since 01 septembre 2023 · until 01 septembre 2029 · 0471.418.119

Represented by Lionel Blaise

Ended

Philippe Andrianne

Managing director · since 01 septembre 2023 · until 01 septembre 2029

Ended

Thierry Desmedt

Director · since 01 septembre 2023 · until 01 septembre 2029

Ended

C.S. CONSULTING

Director · since 27 avril 2023 · until 25 juin 2024 · 0471.418.119

Represented by Adriannne Philippe

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other28/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates19/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring02/02/2022
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates13/12/2021
DEMISSIONS, NOMINATIONS
PDF
Restructuring19/10/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-30,8 k €↓
2024
Annual accounts 2024625,4 k €↓
2023
Annual accounts 2023733,8 k €↑
2022
Annual accounts 2022511,2 k €↓
2021
Annual accounts 2021659,8 k €↑
2018
Annual accounts 2018449 k €↓
2017
Annual accounts 2017938,1 k €↑
2016
Annual accounts 2016205,7 k €↓
2015
Annual accounts 20151,1 M €↑
2014
Annual accounts 2014510,5 k €↓
2013
Annual accounts 20131,3 M €↑
2012
Annual accounts 20121,2 M €↑
2011
Annual accounts 2011692 k €↓
2010
Annual accounts 2010875,2 k €↑
2009
Annual accounts 2009533,3 k €↓
2008
Annual accounts 2008609,4 k €↑
2007
Annual accounts 2007225,4 k €↓
2006
Annual accounts 2006267,9 k €
04/10/1990
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PUBLIROUTE

Overview

What does PUBLIROUTE do?

Trend over 18 financial years

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