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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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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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 19 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
PUBLICAN BE from Halen, company number BE0791597994, closed financial year 2025 with a result of € -313,883 after tax. For that financial year PUBLICAN BE recorded a gross margin of € -241,754 and equity of € -409,475. Compared with financial year 2024, the result moved from € -203,810 to € -313,883. 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 July 10, 2026.
€ -409,475
▼ € 313,883 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -313,883
▼ 54 % more loss than in 2024
Profit after tax over the fiscal year.
€ 10,285
▲ 18% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -629,475.
People and assets in 2025
1.3
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 59,902
▼ 14% vs 2024
€ 46,100 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.
€ 3,825
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 10,887
▲ 114% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,059
▼ 78% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,476 | € -69,823 | € -121,875 | € -241,754 | ▼ € 119,879 |
| Profit after taxes | € -6,307 | € -105,474 | € -203,810 | € -313,883 | ▼ € 110,074 |
| Equity | € 213,693 | € 108,218 | € -95,591 | € -409,475 | ▼ € 313,883 |
| Total debts | € 2,880 | € 129,058 | € 127,978 | € 493,952 | ▲ 286% |
| Cash | € 167,868 | € 180,551 | € 8,719 | € 10,285 | ▲ 18% |
| Retained profit | € -6,307 | € -111,782 | € -315,591 | € -629,475 | ▼ € 313,883 |
| Bank debt | € 0 | € 120,000 | € 113,569 | € 0 | ▼ 100% |
| Balance sheet total | € 216,573 | € 237,277 | € 32,387 | € 84,478 | ▲ 161% |
| Employees (FTE) | - | - | 1.6 | 1.3 | ▼ 0.3 |
Key figures of PUBLICAN BE, 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 PUBLICAN BE?
What happened at PUBLICAN BE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Claus Thorsgaard stepped down as director. NBB
- NALD BV stepped down as director. NBB
- Marinus Berkhout stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 313,883. Source: NBB ↗
- Claus Thorsgaard became a director. NBB
- NALD BV became a director. NBB
- Marinus Berkhout became a director. NBB
- New establishment in Halen. KBO
In short
From € 6,307 loss in 2022 to € 313,883 loss in 2025.
Paid € 72 in corporate taxes since 2022.
Management
The stake of ACEVE Belgium, LT CAPITAL & ADVICE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PUBLICAN BEThe shares are held by ACEVE Belgium (100%) and LT CAPITAL & ADVICE (50%).
Directors
According to the 2025 annual accounts
since 2025 · until 2031
since 2025 · until 2031
since 2025 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Stadsbeemd 1013
3545 Halen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
kpd.be
Registered
1999-07-07
Website info
Features
Security
Network
Details
- Company number
- 0791.597.994
- VAT number
- BE 0791.597.994
- Registered office
- Stadsbeemd 1013, 3545 Halen
- Names & denominations
- PUBLICAN BE · PUBLICAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 September 2022
- Peppol
- Not registered
- Contact
- kpd.be
- Activities · NACE
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