ACTIVE

PUBLIPART

Financial year 2025 · closed on 30/09/2025
Net result
4,5 M €
-12.0% YoY
Equity
101 M €
0.0% YoY

What does PUBLIPART do?

PUBLIPART is a Public limited company incorporated in 2005. Its registered office is in Bruxelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0875.090.844
Incorporation
14/07/2005
Legal form
Public limited company
Registered office
Rue Royale 55
1000 Bruxelles · BruxellesSee on map
Contributed capital
52 404 440,00 €
Latest accounts
30/09/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720162015201420132012201120102009
Income statement
EBITDA-130,9 k €-199,5 k €-106,2 k €-145,9 k €-111,3 k €-246,6 k €-177,6 k €-243,4 k €-281 k €-440,5 k €-502,5 k €-465,7 k €-497,1 k €-491,3 k €-561,2 k €-619,9 k €-826,3 k €
Operating result-130,9 k €-199,5 k €-107,1 k €-145,9 k €-111,3 k €-246,6 k €-177,6 k €-243,4 k €-281 k €-440,5 k €-502,5 k €-465,7 k €-497,1 k €-491,3 k €-2,1 M €-619,9 k €-826,3 k €
Net result4,5 M €5,1 M €4,6 M €3,7 M €3,7 M €3,9 M €3,6 M €3,4 M €3,8 M €1,6 M €2,8 M €3,6 M €3,5 M €5 M €-6,5 M €-5,6 M €5,3 M €
Balance sheet
Equity101 M €101 M €101 M €101 M €101 M €101 M €101 M €101 M €151,5 M €152,2 M €155,1 M €156,7 M €157,6 M €158,6 M €158,1 M €167,8 M €175,9 M €
Total assets105,7 M €106,3 M €105,8 M €105 M €104,9 M €101,4 M €122,3 M €105,5 M €156 M €156,7 M €159,6 M €161,2 M €162,1 M €163,1 M €162,9 M €171,5 M €181,6 M €
Cash63,1 k €66,3 k €177 k €1,6 M €3,3 M €3,6 M €1,9 M €4,3 M €4 M €695,1 k €186,7 k €282,4 k €816,4 k €1,1 M €918,9 k €99,8 k €351,6 k €
Debts4,6 M €5,2 M €4,7 M €3,8 M €3,8 M €360,1 k €21,2 M €4,5 M €4,5 M €4,5 M €4,5 M €4,5 M €4,5 M €4,5 M €4,3 M €3,7 M €5,7 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 13 active · 105 ended

Active mandates

Alain Jeunehomme

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
Arnaud FRIPPIAT

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
Bernard THIRY

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
Christophe Mazza

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
David De Brabant

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
Déborah Géradon

Chairman of the board of directors · since 28 novembre 2024 · until 28 novembre 2030

Active
Grégory Demal

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
Jean VERVAEREN

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
Joris Laenen

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
Josly PIETTE

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
Stefan Himpens

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
Benoit Verwilgen

Director · since 24 novembre 2022 · until 28 novembre 2024

Active
David Reina

Director · since 24 novembre 2022 · until 28 novembre 2024

Active

Ended mandates

Stefan Himpens

Director · since 23 novembre 2023 · until 28 novembre 2024

Ended
David De Brabant

Director · since 24 novembre 2022 · until 28 novembre 2024

Ended
Déborah Géradon

Chairman of the board of directors · since 24 novembre 2022 · until 28 novembre 2024

Ended
Grégory Demal

Director · since 24 novembre 2022 · until 28 novembre 2024

Ended
At this address

Other companies at this address

Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date05/12/202510/01/202522/12/202320/12/202213/12/202130/11/2020
General meeting27/11/202528/11/202423/11/202324/11/202225/11/202126/11/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model30/09/202527/11/202505/12/2025DutchPDF
Full model30/09/202428/11/202410/01/2025DutchPDF
Full model30/09/202323/11/202322/12/2023DutchPDF
Full model30/09/202224/11/202220/12/2022DutchPDF
Full model30/09/202125/11/202113/12/2021DutchPDF
Full model30/09/202026/11/202030/11/2020DutchPDF
Full model30/09/201928/11/201924/12/2019DutchPDF
Full model30/09/201822/11/201821/12/2018DutchPDF
Full model30/09/201723/11/201719/12/2017DutchPDF
Full model30/09/201617/11/201605/12/2016DutchPDF
Full model30/09/201519/11/201509/12/2015DutchPDF
Full model30/09/201404/12/201431/12/2014DutchPDF
Full model30/09/201321/11/201311/12/2013DutchPDF
Full model30/09/201206/12/201204/01/2013DutchPDF
Full model30/09/201101/12/201115/12/2011DutchPDF
Full model30/09/201030/11/201015/12/2010DutchPDF
Full model30/09/200926/11/200922/12/2009DutchPDF
Full model30/09/200820/11/200822/12/2008DutchPDF
Full model30/09/200722/11/200724/12/2007DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 13 active · 105 ended

Active mandates

Alain Jeunehomme

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
Arnaud FRIPPIAT

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
Bernard THIRY

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
Christophe Mazza

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
David De Brabant

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
Déborah Géradon

Chairman of the board of directors · since 28 novembre 2024 · until 28 novembre 2030

Active
Grégory Demal

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
Jean VERVAEREN

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
Joris Laenen

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
Josly PIETTE

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
Stefan Himpens

Director · since 28 novembre 2024 · until 28 novembre 2030

Active
Benoit Verwilgen

Director · since 24 novembre 2022 · until 28 novembre 2024

Active
David Reina

Director · since 24 novembre 2022 · until 28 novembre 2024

Active

Ended mandates

Stefan Himpens

Director · since 23 novembre 2023 · until 28 novembre 2024

Ended
David De Brabant

Director · since 24 novembre 2022 · until 28 novembre 2024

Ended
Déborah Géradon

Chairman of the board of directors · since 24 novembre 2022 · until 28 novembre 2024

Ended
Grégory Demal

Director · since 24 novembre 2022 · until 28 novembre 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other25/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other25/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates24/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/05/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/05/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/12/2018
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates21/12/2018
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates17/12/2018
    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

Timeline

  1. 2025
    Annual accounts 20254,5 M €
  2. 2024
    Annual accounts 20245,1 M €
  3. 2023
    Annual accounts 20234,6 M €
  4. 24/11/2022
    nominationDéborah GERADON — bestuurder
  5. 24/11/2022
    nominationDavid DE BRABANT — bestuurder
  6. 24/11/2022
    nominationGrégory DEMAL — bestuurder
  7. 24/11/2022
    nominationDavid REINA — bestuurder
  8. 24/11/2022
    nominationBenoit VERWILGHEN — bestuurder
  9. 24/11/2022
    nominationJurgen Lelie — commissaris
  10. 2022
    Annual accounts 20223,7 M €
  11. 2021
    Annual accounts 20213,7 M €
  12. 2020
    Annual accounts 20203,9 M €
  13. 2019
    Annual accounts 20193,6 M €
  14. 2018
    Annual accounts 20183,4 M €
  15. 2017
    Annual accounts 20173,8 M €
  16. 2016
    Annual accounts 20161,6 M €
  17. 2015
    Annual accounts 20152,8 M €
  18. 2014
    Annual accounts 20143,6 M €
  19. 2013
    Annual accounts 20133,5 M €
  20. 2012
    Annual accounts 20125 M €
  21. 2011
    Annual accounts 2011-6,5 M €
  22. 2010
    Annual accounts 2010-5,6 M €
  23. 2009
    Annual accounts 20095,3 M €
  24. 14/07/2005
    IncorporationPublic limited company