What does PUBLILEC do?

PUBLILEC is an energy company in Seraing. Cooperative, started on 22 July 1978, 1 establishment.

What is the address of PUBLILEC?

The registered office of PUBLILEC is located at Place Communale -, 4100 Seraing.

Is PUBLILEC still active?

Yes. According to the CBE (29 October 2026) PUBLILEC is active, legal situation “Normale toestand”, started on 22 July 1978.

Is PUBLILEC registered on Peppol?

No, PUBLILEC is currently not registered on the Peppol network.

What is the enterprise number of PUBLILEC?

The enterprise number of PUBLILEC is BE0219808433.

When was PUBLILEC founded?

PUBLILEC was founded on 22 July 1978.

Who are the directors of PUBLILEC?

According to the 2025 annual accounts, the directors of PUBLILEC are: VALTER POLESE, LIES LARIDON, DEBORAH GERADON, GREGORY DEMAL, THIERRY HARDY, WALTER MILITELLO, BERTRAND DEMONCEAU, GABY VERSTRAETE.

Is PUBLILEC a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 22 July 1978; 5 annual accounts filed, latest fiscal year 2025; 10 directors known from the annual account.

How much profit did PUBLILEC make in 2025?

PUBLILEC posted a profit after taxes of € 23,824,687 in financial year 2025.

How much does an employee at PUBLILEC earn?

The average wage cost per full-time employee at PUBLILEC was € 169,900 in 2025: staff costs of € 390,838 for 2.3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does PUBLILEC have?

According to the 2025 annual accounts, PUBLILEC has 2.3 full-time equivalents (FTE).

PUBLILEC (Cooperative) - Seraing - BE0219808433

Dossier PUBLILEC, printed on 29 October 2026 from databakkes.be/en/0219808433/publilec. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Not on Peppol Peppol

Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.

Financials

Financial year 2025

PUBLILEC from Seraing, company number BE0219808433, closed financial year 2025 with a result of € 23.8 million after tax. Compared with financial year 2024, the result moved from € 2.4 million to € 23.8 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.

What it is worth Growing

€ 168.3 million

▲ 4% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 23.8 million

▲ € 21.4 million vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 356,377

▼ 16% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 18 million paid out

76 % of the profit went to the shareholders, mostly to NETHYS (67 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

2.3

▼ 0.3 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 211,991 in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 390,838

▲ 11% vs 2024

€ 169,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 4,435

▲ 37% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 7.5 million

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 6

▼ € 252,776 vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 44,281

▼ 14% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Profit after taxes	€ -2,657,373 Profit after taxes 2022: € -2,657,373 First fiscal year in the series	€ 2,153,217 Profit after taxes 2023: € 2,153,217 ▲ € 4.8 million vs 2022 (€ -2,657,373) Favourable step	€ 2,435,497 Profit after taxes 2024: € 2,435,497 ▲ 13% vs 2023 (€ 2,153,217) Favourable step	€ 23,824,687 Profit after taxes 2025: € 23,824,687 ▲ € 21.4 million vs 2024 (€ 2,435,497) Favourable step	▲ € 21.4 million
Equity	€ 168,401,662 Equity 2022: € 168,401,662 First fiscal year in the series	€ 168,054,811 Equity 2023: € 168,054,811 Unchanged (€ 168,401,662) Unfavourable step	€ 162,490,194 Equity 2024: € 162,490,194 ▼ 3% vs 2023 (€ 168,054,811) Unfavourable step	€ 168,314,882 Equity 2025: € 168,314,882 ▲ 4% vs 2024 (€ 162,490,194) Favourable step	▲ 4%
Total debts	€ 9,098,671 Total debts 2022: € 9,098,671 First fiscal year in the series	€ 11,074,800 Total debts 2023: € 11,074,800 ▲ 22% vs 2022 (€ 9,098,671) Unfavourable step	€ 16,488,044 Total debts 2024: € 16,488,044 ▲ 49% vs 2023 (€ 11,074,800) Unfavourable step	€ 25,624,754 Total debts 2025: € 25,624,754 ▲ 55% vs 2024 (€ 16,488,044) Unfavourable step	▲ 55%
Cash	€ 457,615 Cash 2022: € 457,615 First fiscal year in the series	€ 267,631 Cash 2023: € 267,631 ▼ 42% vs 2022 (€ 457,615) Unfavourable step	€ 421,880 Cash 2024: € 421,880 ▲ 58% vs 2023 (€ 267,631) Favourable step	€ 356,377 Cash 2025: € 356,377 ▼ 16% vs 2024 (€ 421,880) Unfavourable step	▼ 16%
Retained profit	€ 24,862,948 Retained profit 2022: € 24,862,948 First fiscal year in the series	€ 24,516,097 Retained profit 2023: € 24,516,097 ▼ 1% vs 2022 (€ 24,862,948) Unfavourable step	€ 18,951,480 Retained profit 2024: € 18,951,480 ▼ 23% vs 2023 (€ 24,516,097) Unfavourable step	€ 24,776,168 Retained profit 2025: € 24,776,168 ▲ 31% vs 2024 (€ 18,951,480) Favourable step	▲ 31%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 2,500,068 Dividend 2023: € 2,500,068 Unchanged (€ 0) Unchanged	€ 8,000,114 Dividend 2024: € 8,000,114 ▲ 220% vs 2023 (€ 2,500,068) Unchanged	€ 17,999,999 Dividend 2025: € 17,999,999 ▲ 125% vs 2024 (€ 8,000,114) Unchanged	▲ 125%
Bank debt	€ 7,500,000 Bank debt 2022: € 7,500,000 First fiscal year in the series	€ 7,500,000 Bank debt 2023: € 7,500,000 Unchanged (€ 7,500,000) Unchanged	€ 7,500,000 Bank debt 2024: € 7,500,000 Unchanged (€ 7,500,000) Unchanged	€ 7,500,000 Bank debt 2025: € 7,500,000 Unchanged (€ 7,500,000) Unchanged
Balance sheet total	€ 177,500,333 Balance sheet total 2022: € 177,500,333 First fiscal year in the series	€ 179,129,611 Balance sheet total 2023: € 179,129,611 ▲ 1% vs 2022 (€ 177,500,333) Unchanged	€ 178,978,238 Balance sheet total 2024: € 178,978,238 Unchanged (€ 179,129,611) Unchanged	€ 193,939,636 Balance sheet total 2025: € 193,939,636 ▲ 8% vs 2024 (€ 178,978,238) Unchanged	▲ 8%
Employees (FTE)	3.4 Employees (FTE) 2022: 3.4 First fiscal year in the series	2.6 Employees (FTE) 2023: 2.6 ▼ 0.8 vs 2022 (3.4) Unchanged	2.6 Employees (FTE) 2024: 2.6 Unchanged (2.6) Unchanged	2.3 Employees (FTE) 2025: 2.3 ▼ 0.3 vs 2024 (2.6) Unchanged	▼ 0.3

Key figures of PUBLILEC, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to PUBLILEC?

What happened at PUBLILEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 VALTER POLESE stepped down as director. NBB
2031 LIES LARIDON stepped down as director. NBB
2031 DEBORAH GERADON stepped down as director. NBB
2031 GREGORY DEMAL stepped down as director. NBB
2031 THIERRY HARDY stepped down as director. NBB
2031 WALTER MILITELLO stepped down as director. NBB
2031 BERTRAND DEMONCEAU stepped down as director. NBB
2031 GABY VERSTRAETE stepped down as director. NBB

In short

From € 2.7 million loss in 2022 to € 23.8 million profit in 2025.

Paid € 10,987 in corporate taxes since 2022.

Best year ever: 2025, with € 23.8 million profit.

Paid out € 28.5 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

NETHYS 66.8%

EFIN 31.4%

The stake of NETHYS, EFIN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

PUBLILEC

PUBLIPART 64.9%

LUMINUS 26.4%

The shares are held by NETHYS (66.8%) and EFIN (31.4%). It owns 64.9% of PUBLIPART and 26.4% of LUMINUS itself.

Directors

According to the 2025 annual accounts

VALTER POLESE

Director

Also active at: INTER - REGIES, Régie communale autonome "Centre Sportif Local de Flémalle"

since 2025 · until 2031

LIES LARIDON

Vice-chairman of the board

since 2025 · until 2031

DEBORAH GERADON

Chairman of the board

Also active at: CENTRE HOSPITALIER REGIONAL DE LA CITADELLE, Centre culturel communal de Seraing, NOSHAQ, NOSHAQ IMMO, NOSHAQ VENTURE, COOPERATIVE D'ETUDES, DE GESTION ET DE PARTICIPATION, NOSHAQ SPIN-OFFS, SOCOFE +7 more

since 2025 · until 2031

GREGORY DEMAL

Director

since 2025 · until 2031

THIERRY HARDY

Director

since 2025 · until 2031

WALTER MILITELLO

Director

Also active at: L' Habitation Jemeppienne

since 2025 · until 2031

BERTRAND DEMONCEAU

Director

Also active at: BETV, NETHYS, ELICIO, VOO S.A., VOO Holding, WALLONIE BRUXELLES CONTACT CENTER, NeWIN, PHENIX DATA CENTER +2 more

since 2025 · until 2031

GABY VERSTRAETE

Director

since 2025 · until 2031

FRANK WILRYCX

Director

Also active at: Interkommunale Ontwikkelingsmaatschappij voor de Kempen, Studiecentrum voor Kernenergie - Centre d'Etude de l'Energie Nucléaire, F.W., ELEKTRICITEITSBEDRIJF MERKSPLAS, INTERCOMMUNALE ONTWIKKELINGSMAATSCHAPPIJ VOOR DE KEMPEN AFVALBEHEER

since 2025 · until 2031

DAVID DE BRABANT

Director

Also active at: C - Power, ASPIRAVI, ASPIRAVI OFFSHORE, The eCloud Company, TeaMWise, ASPIRAVI ENERGY, A&P WIND SERVICES, JULANO +9 more

since 2025 · until 2031

Shareholders

NETHYS

66.8%

EFIN

31.4%

Participations

PUBLIPART

64.9%

LUMINUS

26.4%

Establishments

Establishment units

Physical locations of this company

Registered office

Place Communale -

4100 Seraing

2.161.122.287

Place Communale .

4100 Seraing

Active since 1 January 1995

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

Ville de Seraing

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0219.808.433
VAT number: BE 0219.808.433
Registered office: Place Communale -, 4100 Seraing
Names & denominations: PUBLILEC · S.P.E.
Enterprise type: Rechtspersoon
Legal form: Cooperative company
Legal situation: Normale toestand
Start date: 22 July 1978
Peppol: Not registered
Activities · NACE: Handel in elektriciteit

View on CBE Public ↗ Annual accounts (NBB) ↗

PUBLILEC

Warning lights

Financials

What happened to PUBLILEC?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions