NORMAL SITUATION

PUBINVEST

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Financial year 2025 · closed on 30/11/2025

Net result

981,1 k €

+1239.5% YoY

Gross margin

-27,3 k €

-126.0% YoY

Equity

74,3 M €

+1.3% YoY

Company — Normal situation.

Strike-off: 18 juin 2026

What does PUBINVEST do?

PUBINVEST is a Private limited company incorporated in 1999.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.379.661

Incorporation

30/06/1999

Legal form

Private limited company

Contributed capital

70 213 469,41 €

Latest accounts

30/11/2025

Signals

ProfitableSolid equityGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-27,3 k €	-126%	105,2 k €	+347%	-42,6 k €	-38.8%	-30,7 k €	+78.1%	-140,1 k €	+5.9%	-148,8 k €	-164%	231,2 k €	+6.3%	217,6 k €	-8.6%	238,1 k €	+66.7%	142,8 k €	-10.9%	160,3 k €	-5.5%	169,6 k €	-1.8%	172,8 k €	+41.3%	122,2 k €	+103%	60,2 k €	+123%	27 k €	-73.9%	103,4 k €	-3.9%	107,6 k €	+156%	42 k €	-15.8%	49,9 k €
EBITDA	-28,3 k €	-127%	104,3 k €	+283%	-57,1 k €	+5.4%	-60,4 k €	+57.4%	-141,6 k €	+6.3%	-151,2 k €	-167%	225,5 k €	+4.4%	215,9 k €	-8.1%	235 k €	+68.3%	139,6 k €	-11.0%	156,9 k €	-4.0%	163,5 k €	-3.2%	168,8 k €	+51.9%	111,1 k €	+90.3%	58,4 k €	+144%	23,9 k €	-76.2%	100,4 k €	-4.2%	104,8 k €	+168%	39,2 k €	-16.6%	47 k €
Operating result	-28,4 k €	-127%	103,7 k €	+279%	-57,9 k €	+13.7%	-67 k €	+53.7%	-144,8 k €	+14.7%	-169,8 k €	-182%	206,9 k €	-2.7%	212,6 k €	-8.2%	231,7 k €	+72.5%	134,4 k €	-11.6%	151,9 k €	-4.2%	158,7 k €	-3.2%	163,8 k €	+54.7%	105,9 k €	+105%	51,6 k €	+211%	16,6 k €	-79.3%	80,1 k €	-13.6%	92,8 k €	+242%	27,1 k €	-22.2%	34,9 k €
Net result	981,1 k €	+1240%	73,2 k €	-14.7%	85,9 k €	-39.4%	141,8 k €	+205%	-135,3 k €	+27.8%	-187,4 k €	-110%	1,9 M €	+1003%	171 k €	-21.3%	217,3 k €	+62.2%	134 k €	+14.3%	117,2 k €	-23.2%	152,7 k €	-18.6%	187,6 k €	+45.8%	128,7 k €	-78.3%	594,3 k €	+719%	72,5 k €	-38.2%	117,3 k €	+58.0%	74,3 k €	-32.7%	110,3 k €	+374%	23,3 k €
Balance sheet
Equity	74,3 M €	+1.3%	73,3 M €	+0.1%	73,2 M €	+0.1%	73,1 M €	+0.2%	73 M €	+1421%	4,8 M €	-5.1%	5,1 M €	+24.3%	4,1 M €	+4.4%	3,9 M €	+5.9%	3,7 M €	+3.8%	3,5 M €	+3.4%	3,4 M €	+4.7%	3,3 M €	+2.7%	3,2 M €	+4.2%	3,1 M €	+24.1%	2,5 M €	+125%	1,1 M €	+12.0%	976,9 k €	+8.2%	902,6 k €	+13.9%	792,3 k €
Total assets	74,4 M €	+0.5%	74 M €	-0.7%	74,5 M €	-0.2%	74,6 M €	+2.0%	73,1 M €	+1396%	4,9 M €	-24.9%	6,5 M €	+56.2%	4,2 M €	+2.6%	4,1 M €	+5.7%	3,8 M €	+2.6%	3,7 M €	+2.9%	3,6 M €	+1.2%	3,6 M €	+2.3%	3,5 M €	+4.3%	3,4 M €	+19.7%	2,8 M €	+89.9%	1,5 M €	+5.6%	1,4 M €	+1.9%	1,4 M €	+4.2%	1,3 M €
Cash	636,7 k €	+216%	201,6 k €	-58.4%	484,2 k €	+39.4%	347,4 k €	-88.9%	3,1 M €	-27.9%	4,3 M €	-28.0%	6 M €	+483%	1 M €	+6.6%	967,2 k €	+28.0%	755,9 k €	+11.0%	680,7 k €	+26.2%	539,4 k €	+3.1%	523,1 k €	+19.6%	437,4 k €	+176%	158,4 k €	-25.3%	212,1 k €	+244%	61,6 k €	+14.3%	53,9 k €	+52.9%	35,2 k €	+4.0%	33,9 k €
Debts	73,2 k €	-88.8%	651,7 k €	-48.2%	1,3 M €	-13.9%	1,5 M €	+1302%	104,3 k €	+35.0%	77,3 k €	-94.7%	1,4 M €	+1448%	93,5 k €	-40.5%	157 k €	+1.6%	154,5 k €	-18.9%	190,6 k €	-5.2%	201 k €	-34.4%	306,5 k €	-1.1%	309,8 k €	+0.9%	307,2 k €	-11.3%	346,3 k €	-7.0%	372,3 k €	-9.2%	409,8 k €	-10.3%	456,9 k €	-10.6%	511,3 k €
Other
Workforce	–		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Governance

Board of directors

Seen on filing of 30/11/2025 · 1 active · 16 ended

Active mandates

FIDUSCA

Director · since 19 mai 2022 · until 05 mai 2028 · 0466.379.166

Represented by Poulet Pascal

Active

Ended mandates

FIDUSCA

Director · since 19 mai 2022 · 0466.379.166

Represented by Pascal POULET

Ended

FIDUSCA

Director · since 19 mai 2022 · 0466.379.166

Represented by Poulet PASCAL

Ended

Bernadette Pakula

Director · since 05 mai 2017 · until 01 juillet 2022

Ended

Bernadette Pakula

Director · since 05 mai 2017 · until 05 mai 2023

Ended

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	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/03/2026	05/05/2025	01/07/2024	29/06/2023	06/04/2022	29/06/2021
General meeting	23/02/2026	10/04/2025	23/05/2024	24/05/2023	29/03/2022	31/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/11/2025	23/02/2026	03/03/2026	Dutch	PDF
Abridged model	30/11/2024	10/04/2025	05/05/2025	Dutch	PDF
Abridged model	30/11/2023	23/05/2024	01/07/2024	Dutch	PDF
Abridged model	30/11/2022	24/05/2023	29/06/2023	Dutch	PDF
Abridged model	30/11/2021	29/03/2022	06/04/2022	Dutch	PDF
Abridged model	30/11/2020	31/05/2021	29/06/2021	Dutch	PDF
Abridged model	30/11/2019	02/05/2020	05/05/2020	Dutch	PDF
Abridged model	30/11/2018	03/05/2019	11/05/2019	Dutch	PDF
Abridged model	30/11/2017	04/05/2018	07/05/2018	Dutch	PDF
Abridged model	30/11/2016	05/05/2017	12/05/2017	Dutch	PDF
Abridged model	30/11/2015	06/05/2016	13/05/2016	Dutch	PDF
Abridged model	30/11/2014	02/05/2015	04/05/2015	Dutch	PDF
Abridged model	30/11/2013	02/05/2014	26/05/2014	Dutch	PDF
Abridged model	30/11/2012	03/05/2013	14/05/2013	Dutch	PDF
Abridged model	30/11/2011	04/05/2012	11/06/2012	Dutch	PDF
Abridged model	30/11/2010	06/05/2011	30/05/2011	Dutch	PDF
Abridged model	30/11/2009	07/05/2010	17/05/2010	Dutch	PDF
Abridged model	30/11/2008	04/05/2009	26/05/2009	Dutch	PDF
Abridged model	30/11/2007	02/05/2008	19/05/2008	Dutch	PDF
Abridged model	30/11/2006	04/05/2007	06/06/2007	Dutch	PDF

Estimate

Indicative valuation

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 30/11/2025 · 1 active · 16 ended

Active mandates

FIDUSCA

Director · since 19 mai 2022 · until 05 mai 2028 · 0466.379.166

Represented by Poulet Pascal

Active

Ended mandates

FIDUSCA

Director · since 19 mai 2022 · 0466.379.166

Represented by Pascal POULET

Ended

FIDUSCA

Director · since 19 mai 2022 · 0466.379.166

Represented by Poulet PASCAL

Ended

Bernadette Pakula

Director · since 05 mai 2017 · until 01 juillet 2022

Ended

Bernadette Pakula

Director · since 05 mai 2017 · until 05 mai 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution31/03/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
PDF
Restructuring20/01/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates12/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/05/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/12/2021
KAPITAAL - AANDELEN
PDF
Other17/08/2020
ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares02/10/2019
KAPITAAL - AANDELEN - ALGEMENE VERGADERING
PDF
Mandates07/06/2017
ONTSLAGEN - BENOEMINGEN
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 2025981,1 k €↑
2024
Annual accounts 202473,2 k €↓
2023
Annual accounts 202385,9 k €↓
2022
Annual accounts 2022141,8 k €↑
2021
Annual accounts 2021-135,3 k €↑
2020
Annual accounts 2020-187,4 k €↓
2019
Annual accounts 20191,9 M €↑
2018
Annual accounts 2018171 k €↓
2017
Annual accounts 2017217,3 k €↑
2016
Annual accounts 2016134 k €↑
2015
Annual accounts 2015117,2 k €↓
2014
Annual accounts 2014152,7 k €↓
2013
Annual accounts 2013187,6 k €↑
2012
Annual accounts 2012128,7 k €↓
2011
Annual accounts 2011594,3 k €↑
2010
Annual accounts 201072,5 k €↓
2009
Annual accounts 2009117,3 k €↑
2008
Annual accounts 200874,3 k €↓
2007
Annual accounts 2007110,3 k €↑
2006
Annual accounts 200623,3 k €
30/06/1999
IncorporationPrivate 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

PUBINVEST

Overview

What does PUBINVEST do?

Trend over 20 financial years

Board of directors

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