Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 23 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PUBLICAE from Oostende, company number BE0449739213, closed financial year 2025 with a result of € -9,897 after tax. For that financial year PUBLICAE recorded a gross margin of € 17,180 and equity of € 142,128. Compared with financial year 2024, the result moved from € -22,618 to € -9,897. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 142,128
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,897
▲ 56 % less loss than in 2024
Profit after tax over the fiscal year.
€ 126
▼ 93% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 80,128.
People and assets in 2025
€ 2,946
▼ 66% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 83,638
▼ 7% vs 2024
€ 6,839 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 31,569
▲ 113% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,758
▲ 54% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 16,303 | € 56,849 | € 6,504 | € 17,180 | ▲ 164% |
| Profit after taxes | € -17,505 | € 12,815 | € -22,618 | € -9,897 | ▲ € 12,721 |
| Equity | € 161,829 | € 174,644 | € 152,026 | € 142,128 | ▼ 7% |
| Total debts | € 470,120 | € 188,271 | € 203,163 | € 213,726 | ▲ 5% |
| Cash | € 2,125 | € 1,283 | € 1,905 | € 126 | ▼ 93% |
| Land & buildings | € 608,084 | € 341,381 | € 336,189 | € 324,937 | ▼ 3% |
| Retained profit | € 99,829 | € 112,644 | € 90,026 | € 80,128 | ▼ 11% |
| Bank debt | € 291,676 | € 49,995 | € 90,000 | € 83,638 | ▼ 7% |
| Balance sheet total | € 666,378 | € 393,016 | € 383,690 | € 382,757 |
Key figures of PUBLICAE, 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 PUBLICAE?
What happened at PUBLICAE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 9,897. Source: NBB ↗
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 17,505 loss in 2022 to € 9,897 loss in 2025.
Paid € 2,558 in corporate taxes since 2022.
Best year ever: 2023, with € 12,815 profit.
Management
Behind PUBLICAE is Godfried Caelen.
Directors
According to the 2025 annual accounts
Godfried Caelen
Director
Establishments
Establishment units
Physical locations of this company
Oudenburgsesteenweg 31 box E14
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →Het Compas
€ 154,941 gross margin · 2024
DEKUYPER PRODUCTS
€ 490,411 gross margin · 2025
NIVIC
€ 394,757 gross margin · 2025
Cspect
€ 857,654 gross margin · 2025
HIELE & DEFREYNE
€ 145,242 gross margin · 2025
+10 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0449.739.213
- VAT number
- BE 0449.739.213
- Registered office
- Oudenburgsesteenweg 31 bus E14, 8400 Oostende
- Names & denominations
- PUBLICAE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 March 1993
- Peppol
- Active · Active since 24 Jun 2025
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