PUBLIGAZ
0447.845.040 · rovalta.com · 23/09/2026
ACTIVE
PUBLIGAZ
Financial year 2025 · closed on 30/09/2025
Net result
118,3 M €
+0.2% YoY
Equity
1,4 Md €
+1.1% YoY
Overview
What does PUBLIGAZ do?
PUBLIGAZ is a Cooperative society incorporated in 1992. Its registered office is in Bruxelles.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0447.845.040
Incorporation
02/07/1992
Legal form
Cooperative society
Registered office
Galerie Ravenstein 4 box 2
1000 Bruxelles · BruxellesSee on map
1000 Bruxelles · BruxellesSee on map
Contributed capital
233 106 702,56 €
Latest accounts
30/09/2025
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskPositive cashflow
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| EBITDA | -496,7 k € | -22.7% | -404,9 k € | -3.7% | -390,6 k € | +47.1% | -739,1 k € | -116% | -342,1 k € | -54.7% | -221,1 k € | -14.0% | -193,9 k € | -14.0% | -170,2 k € | +19.7% | -211,8 k € | -59.5% | -132,8 k € | +25.1% | -177,4 k € | -45.7% | -121,8 k € | +41.2% | -207 k € | -100% | 107,4 M € | +853% | 11,3 M € | +125% | -44,6 M € | +45.4% | -81,7 M € | -1002% | -7,4 M € |
| Operating result | -504,8 k € | -22.8% | -411,2 k € | -4.8% | -392,6 k € | +47.0% | -741,1 k € | -115% | -344 k € | -54.2% | -223 k € | -13.9% | -195,8 k € | -14.7% | -170,7 k € | +19.4% | -211,8 k € | -59.5% | -132,8 k € | +25.1% | -177,4 k € | -45.7% | -121,8 k € | +41.2% | -207 k € | -100% | 107,4 M € | +853% | 11,3 M € | +125% | -44,6 M € | +45.5% | -81,8 M € | -987% | -7,5 M € |
| Net result | 118,3 M € | +0.2% | 118 M € | +5.5% | 111,9 M € | +4.8% | 106,8 M € | +0.3% | 106,5 M € | -0.2% | 106,7 M € | -0.0% | 106,7 M € | +0.9% | 105,8 M € | +0.1% | 105,7 M € | +5.0% | 100,6 M € | +5.0% | 95,8 M € | +5.4% | 90,9 M € | +6.6% | 85,3 M € | -53.9% | 184,9 M € | +112% | 87,4 M € | -78.2% | 401,7 M € | -69.7% | 1,3 Md € | +2059% | 61,5 M € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 1,4 Md € | +1.1% | 1,3 Md € | +1.0% | 1,3 Md € | +0.6% | 1,3 Md € | +0.2% | 1,3 Md € | +0.2% | 1,3 Md € | +0.2% | 1,3 Md € | +0.2% | 1,3 Md € | +0.3% | 1,3 Md € | +0.3% | 1,3 Md € | +0.2% | 1,3 Md € | +0.0% | 1,3 Md € | +0.4% | 1,3 Md € | +0.1% | 1,3 Md € | +14.7% | 1,1 Md € | +1.2% | 1,1 Md € | +50.7% | 738,4 M € | +202% | 244,3 M € |
| Total assets | 1,5 Md € | +1.0% | 1,5 Md € | +1.0% | 1,5 Md € | +0.5% | 1,5 Md € | -3.5% | 1,5 Md € | +0.2% | 1,5 Md € | +5.3% | 1,4 Md € | +0.2% | 1,4 Md € | +0.3% | 1,4 Md € | +0.0% | 1,4 Md € | +0.2% | 1,4 Md € | -0.6% | 1,4 Md € | +0.4% | 1,4 Md € | +0.0% | 1,4 Md € | +10.6% | 1,3 Md € | +0.7% | 1,3 Md € | -22.5% | 1,7 Md € | +235% | 493,3 M € |
| Cash | 848,2 k € | +230% | 257,4 k € | -98.3% | 15,4 M € | +63.2% | 9,5 M € | -80.2% | 47,8 M € | +3.5% | 46,1 M € | +5.1% | 43,9 M € | +116% | 20,3 M € | +10.9% | 18,4 M € | -50.3% | 36,9 M € | +79.0% | 20,6 M € | -49.0% | 40,4 M € | +16.6% | 34,7 M € | -2.5% | 35,6 M € | +88.0% | 18,9 M € | -24.0% | 24,9 M € | +30770% | 80,6 k € | -63.6% | 221,5 k € |
| Debts | 140,4 M € | +0.9% | 139,1 M € | +0.0% | 139,1 M € | -0.0% | 139,1 M € | -28.3% | 194,1 M € | -0.0% | 194,1 M € | +60.1% | 121,3 M € | +0.1% | 121,2 M € | -0.2% | 121,4 M € | -3.1% | 125,3 M € | +1.1% | 123,9 M € | -6.3% | 132,2 M € | +0.5% | 131,6 M € | -0.8% | 132,6 M € | +145% | 54,1 M € | +16.5% | 46,5 M € | -94.4% | 835,6 M € | +236% | 248,4 M € |
Estimate
Indicative valuation
As an indication, this company is worth
more than 1.000 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2025 · 27 active · 186 ended
Active mandates
Jean-Claude MARCOURT
ActiveJean - Pierre DE GROEF
ActivePatrick DEWAEL
ActiveHans BONTE
ActiveInne MERTENS
ActiveBernard THIRY
ActiveCathy CLERBAUX
ActiveJean-Marie BREBAN
ActiveAbdellah ACHAOUI
ActiveAndries GRYFFROY
ActiveAstrid POLLERS
ActiveBart LAMBRECHT
ActiveChristophe MAZZA
ActiveClaude CROES
ActiveDaniël TERMONT
ActiveEric SPIESSENS
ActiveFilip THIENPONT
ActiveJean-Michel JAVAUX
ActiveJonathan CHANTEUX
ActiveJosly PIETTE
ActiveJürgen NEYRINCK
ActiveMichaël LORIAUX
ActivePaul DIELS
ActiveRenaud MOENS
ActiveSebastien HUMBLET
ActiveTom KERSEMANS
ActiveEnded mandates
Hans BONTE
EndedBernard THIRY
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
| 0407.950.425 | |
Beaulieu Properties I● Active | 1014.280.401 |
Beaulieu Properties II● Active | 1011.756.421 |
BESSENVELD 1● Active | 0472.938.247 |
BESSENVELD 2● Active | 0465.369.673 |
BESSENVELD 3● Active | 0462.529.949 |
BESSENVELD 4● Active | 0472.937.950 |
| 0443.605.546 | |
CHARTREUX DEVELOPMENT● Active | 1025.171.422 |
CHARTREUX PROPERTIES● Active | 1015.603.064 |
| 0407.587.961 | |
| 0451.954.474 | |
Elia MNE Group● Active | 1012.891.321 |
Engeland Development● Active | 0656.839.359 |
Engeland Properties● Active | 0656.836.290 |
| 0434.921.472 | |
EVERSIDE● Active | 0795.367.633 |
FONDS DE PENSION METAL OFP● Active | 0892.343.382 |
Green Yachting Invest● Active | 0795.360.012 |
GS1 Belgium & Luxembourg● Active | 0418.233.415 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2024 | 2023 | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Consolidated accounts | Full model | Consolidated accounts | Full model | Consolidated accounts |
| Start of the financial year | 01/10/2024 | 01/01/2024 | 01/10/2023 | 01/01/2023 | 01/10/2022 | 01/01/2022 |
| Closing of the financial year | 30/09/2025 | 31/12/2024 | 30/09/2024 | 31/12/2023 | 30/09/2023 | 31/12/2022 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 23/12/2025 | 08/07/2025 | 07/01/2025 | 04/07/2024 | 10/01/2024 | 11/07/2023 |
| General meeting | 11/12/2025 | 01/07/2025 | 12/12/2024 | 26/06/2024 | 14/12/2023 | 26/06/2023 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
67 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 30/09/2025 | 11/12/2025 | 23/12/2025 | French | |
| Full model | 30/09/2025 | 11/12/2025 | 23/12/2025 | Dutch | |
| Consolidated accounts | 31/12/2024 | 01/07/2025 | 08/07/2025 | Dutch | |
| Consolidated accounts | 31/12/2024 | 01/07/2025 | 08/07/2025 | French | |
| Full model | 30/09/2024 | 12/12/2024 | 07/01/2025 | Dutch | |
| Full model | 30/09/2024 | 12/12/2024 | 07/01/2025 | French | |
| Consolidated accounts | 31/12/2023 | 26/06/2024 | 04/07/2024 | French | |
| Consolidated accounts | 31/12/2023 | 26/06/2024 | 04/07/2024 | Dutch | |
| Full model | 30/09/2023 | 14/12/2023 | 10/01/2024 | Dutch | |
| Full model | 30/09/2023 | 14/12/2023 | 10/01/2024 | French | |
| Consolidated accounts | 31/12/2022 | 26/06/2023 | 11/07/2023 | Dutch | |
| Consolidated accounts | 31/12/2022 | 26/06/2023 | 11/07/2023 | French | |
| Full model | 30/09/2022 | 08/12/2022 | 29/12/2022 | Dutch | |
| Full model | 30/09/2022 | 08/12/2022 | 29/12/2022 | French | |
| Consolidated accounts | 31/12/2021 | 27/06/2022 | 05/07/2022 | Dutch | |
| Consolidated accounts | 31/12/2021 | 27/06/2022 | 05/07/2022 | French | |
| Full model | 30/09/2021 | 09/12/2021 | 11/01/2022 | French | |
| Full model | 30/09/2021 | 09/12/2021 | 11/01/2022 | Dutch | |
| Consolidated accounts | 31/12/2020 | 24/06/2021 | 30/06/2021 | French | |
| Consolidated accounts | 31/12/2020 | 24/06/2021 | 30/06/2021 | Dutch | |
| Full model | 30/09/2020 | 26/11/2020 | 23/12/2020 | Dutch | |
| Full model | 30/09/2020 | 26/11/2020 | 22/12/2020 | French | |
| Consolidated accounts | 31/12/2019 | 25/06/2020 | 03/07/2020 | Dutch | |
| Consolidated accounts | 31/12/2019 | 25/06/2020 | 03/07/2020 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
more than 1.000 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/09/2025 · 27 active · 186 ended
Active mandates
Jean-Claude MARCOURT
ActiveJean - Pierre DE GROEF
ActivePatrick DEWAEL
ActiveHans BONTE
ActiveInne MERTENS
ActiveBernard THIRY
ActiveCathy CLERBAUX
ActiveJean-Marie BREBAN
ActiveAbdellah ACHAOUI
ActiveAndries GRYFFROY
ActiveAstrid POLLERS
ActiveBart LAMBRECHT
ActiveChristophe MAZZA
ActiveClaude CROES
ActiveDaniël TERMONT
ActiveEric SPIESSENS
ActiveFilip THIENPONT
ActiveJean-Michel JAVAUX
ActiveJonathan CHANTEUX
ActiveJosly PIETTE
ActiveJürgen NEYRINCK
ActiveMichaël LORIAUX
ActivePaul DIELS
ActiveRenaud MOENS
ActiveSebastien HUMBLET
ActiveTom KERSEMANS
ActiveEnded mandates
Hans BONTE
EndedBernard THIRY
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates08/04/2026DEMISSIONS, NOMINATIONS
- Mandates08/04/2026ONTSLAGEN - BENOEMINGEN
- Mandates29/01/2026DEMISSIONS, NOMINATIONS
- Mandates29/01/2026ONTSLAGEN - BENOEMINGEN
- Mandates26/02/2025DEMISSIONS, NOMINATIONS
- Mandates26/02/2025ONTSLAGEN - BENOEMINGEN
- Other17/01/2025STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Other17/01/2025STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 05/01/2026nominationPaul Eelen — représentant permanent (Commissaire)
- 05/01/2026nominationPaul Eelen — vaste vertegenwoordiger (Commissaris)
- 2025Annual accounts 2025118,3 M €↑
- 25/10/2024nominationJean-Pierre De Groef — administrateur
- 2024Annual accounts 2024118 M €↑
- 12/03/2024nominationPatrick Dewael — administrateur
- 14/12/2023nominationHans BONTE — administrateur
- 14/12/2023nominationHans BONTE — bestuurder
- 2023Annual accounts 2023111,9 M €↑
- 15/05/2023nominationEric Van Hoof — commissaris (vaste vertegenwoordiger)
- 15/05/2023nominationEric Van Hoof — représentant permanent du commissaire
- 01/01/2023nominationPierre Léonard — Secrétaire général / personne chargée de la gestion journalière
- 01/01/2023nominationPierre Léonard — secretaris-generaal / persoon belast met het dagelijks bestuur
- 01/01/2023nominationInne MERTENS — bestuurder
- 01/01/2023nominationInne MERTENS — administrateur
- 08/12/2022nominationBernard THIRY — bestuurder
- 08/12/2022nominationBernard THIRY — administrateur
- 2022Annual accounts 2022106,8 M €↑
- 2021Annual accounts 2021106,5 M €↓
- 2020Annual accounts 2020106,7 M €↓
- 2019Annual accounts 2019106,7 M €↑
- 2018Annual accounts 2018105,8 M €↑
- 2017Annual accounts 2017105,7 M €↑
- 2016Annual accounts 2016100,6 M €↑
- 2015Annual accounts 201595,8 M €↑
- 2014Annual accounts 201490,9 M €↑
- 2013Annual accounts 201385,3 M €↓
- 2012Annual accounts 2012184,9 M €↑
- 2011Annual accounts 201187,4 M €↓
- 2010Annual accounts 2010401,7 M €↓
- 2009Annual accounts 20091,3 Md €↑
- 2008Annual accounts 200861,5 M €
- 02/07/1992IncorporationCooperative society