Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Publi Gravo from Waregem, company number BE0685451884, closed financial year 2025 with a result of € -129,008 after tax. For that financial year Publi Gravo recorded a gross margin of € 55,611 and equity of € -152,676. Compared with financial year 2024, the result moved from € 24,879 to € -129,008. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ -152,676
▼ € 129,008 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -129,008
▼ still € 24,879 profit in 2024
Profit after tax over the fiscal year.
€ 392
▼ 85% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -158,876.
People and assets in 2025
€ 121,344
▼ 43% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 24,861
▼ 33% vs 2024
Of which on lease € 1,412.
Debts at end 2025
€ 155,631
€ 70,602 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 145,222
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,076
▼ 62% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 268,428 | € 84,343 | € 299,421 | € 55,611 | ▼ 81% |
| Profit after taxes | € 100,041 | € 91,281 | € 24,879 | € -129,008 | ▼ € 153,887 |
| Equity | € -139,828 | € -48,547 | € -23,668 | € -152,676 | ▼ € 129,008 |
| Total debts | € 448,615 | € 386,321 | € 398,970 | € 514,953 | ▲ 29% |
| Cash | € 36,137 | € 26,149 | € 2,681 | € 392 | ▼ 85% |
| Land & buildings | € 17,781 | € 15,854 | € 10,326 | € 8,799 | ▼ 15% |
| Retained profit | € -146,028 | € -54,747 | € -29,868 | € -158,876 | ▼ € 129,008 |
| Bank debt | € 97,289 | € 64,074 | € 155,462 | € 155,631 | |
| Balance sheet total | € 308,787 | € 337,773 | € 375,302 | € 362,276 | ▼ 3% |
Key figures of Publi Gravo, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Publi Gravo?
What happened at Publi Gravo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 129,008 (▼ € 153,887 vs 2024). Source: NBB ↗
- Henri Delodder became a director. NBB
- Xavier Delodder became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 100,041 profit in 2022 to € 129,008 loss in 2025.
Paid € 5,332 in corporate taxes since 2022.
Best year ever: 2022, with € 100,041 profit.
Management
Behind Publi Gravo are Henri Delodder and Xavier Delodder. Xavier Delodder is also behind Select-Panels, Flexura Floors and Ixgee.
Directors
According to the 2025 annual accounts
Henri Delodder
Director
since 2025
since 2025
Establishments
Establishment units
Physical locations of this company
Schoendalestraat 306
8792 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →IMMO TRIFILLI
€ 395,076 gross margin · 2025
BMH
Xtendo
€ 30,274 gross margin · 2025
Flexura Floors same network
€ 1.1 million gross margin · 2026
Resuwood
€ -2.1 million gross margin · 2025
+3 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
- 0685.451.884
- VAT number
- BE 0685.451.884
- Registered office
- Schoendalestraat 306, 8792 Waregem
- Names & denominations
- Publi Gravo
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 November 2017
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
Activiteiten van reclamebureaus
Coating van metalen
Textielveredeling
Algemene elektrotechnische installatiewerken
Groothandel in verlichtingsapparatuur
Oppervlaktebehandeling van metalen