UNI VALUE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-09-2026 at the NBB all 4 filings
Turnover
≈ €150,000
Estimated: probably between €100,000 and €270,000
Total assets
€77,937▲ 133%
2024 · €33,445
Net result
€33,045▲ 82.7%
2024 · €18,090
Working capital
€1,854▼ 90.5%
2024 · €19,437
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€49,860
▲ 98.5%
2025
20222025
Net result
€33,045
▲ 82.7%
2025
highest quarter of the sector
20222025
Equity
€1,019
▼ 95.1%
2025
lowest quarter of the sector
20222025
Total assets
€77,937
▲ 133%
2025
middle half of the sector
20222025
Debt
€76,919
▲ 502%
2025
20222025
Working capital
€1,854
▼ 90.5%
2025
middle half of the sector
20222025
Solvency
1.3%
▼ 60.5pp
2025
lowest quarter of the sector
20222025
Current ratio
1.02
▼ 1.50
2025
middle half of the sector
20222025
Return on assets (ROA)
42.4%
▼ 11.7pp
2025
highest quarter of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€2,113-€2,680▲ 26.8%€25,124▲ 837%€49,860▲ 98.5%
Net result€360within the sector's middle half-€1,224within the sector's middle half▲ 240%€18,090within the sector's middle half▲ 15×€33,045above the sector's middle half▲ 82.7%
Equity€1,360below the sector's middle half-€2,584below the sector's middle half▲ 90.0%€20,674within the sector's middle half▲ 700%€1,019below the sector's middle half▼ 95.1%
Total assets€15,902below the sector's middle half-€45,026within the sector's middle half▲ 183%€33,445below the sector's middle half▼ 25.7%€77,937within the sector's middle half▲ 133%
Debt€14,542-€42,442▲ 192%€12,771▼ 69.9%€76,919▲ 502%
Working capital€2,526within the sector's middle half-€436within the sector's middle half▼ 82.7%€19,437within the sector's middle half▲ 45×€1,854within the sector's middle half▼ 90.5%
Solvency8.6%below the sector's middle half-5.7%below the sector's middle half▼ 2.8pp61.8%within the sector's middle half▲ 56.1pp1.3%below the sector's middle half▼ 60.5pp
Current ratio1.26within the sector's middle half-1.01within the sector's middle half▼ 0.252.52within the sector's middle half▲ 1.511.02within the sector's middle half▼ 1.50
Return on assets (ROA)2.3%within the sector's middle half-2.7%within the sector's middle half▲ 0.5pp54.1%above the sector's middle half▲ 51.4pp42.4%above the sector's middle half▼ 11.7pp
above
within
below
The sector band is the middle half of the companies in Education (NACE 85). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 98% higher than in 2024 and the highest since 2022. It is the third rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €77,937
Fixed assets
€526 ▼ 57.5%
Current assets
€77,412 ▲ 140%
Equity and liabilities €77,937
Equity
€1,019 ▼ 95.1%
Debt
€76,919 ▲ 502%
Debt's share of the balance-sheet total rises from 38.2% to 98.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€50,570▲
2024 · €26,231
Cash flow
€33,756▲
2024 · €19,196
Debt to equity
75.49▲
2024 · 0.62
Interest coverage
14.95▲
2024 · 14.70
Debt ≤ 1 year
€75,558▲
2024 · €12,771
Debt > 1 year
€1,361
Income taxes
€15,143▲
2024 · €6,000
A ratio outside any meaningful range has been withheld (balance sheet total €77,937, equity €1,019).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €6,648 | - | €956 | - |
| Intangible fixed assets | - | €1,433 | - | - |
| Depreciation and write-downs of the year | €2,814 | €3,109 | €1,107 | €710 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,814 | €3,109 | €1,107 | €710 | ▼ 35.8% |
| Other operating charges640/8 | €1,173 | €685 | €1,317 | €634 | ▼ 51.9% |
| Non-recurring operating charges66A | - | - | €482 | - | - |
| Gross operating margin9900 | €6,100 | €6,474 | €28,030 | €51,204 | ▲ 82.7% |
| Operating profit (loss)9901 | €2,113 | €2,680 | €25,124 | €49,860 | ▲ 98.5% |
| Financial income75/76B | €72 | €139 | €749 | €1,712 | ▲ 128% |
| Recurring financial income75 | €72 | €139 | €749 | €1,712 | ▲ 128% |
| Financial charges65/66B | €183 | €317 | €1,784 | €3,384 | ▲ 89.6% |
| Recurring financial charges65 | €183 | €317 | €1,784 | €3,384 | ▲ 89.6% |
| Profit (loss) for the period before taxes9903 | €2,002 | €2,501 | €24,089 | €48,188 | ▲ 100% |
| Income taxes67/77 | €1,642 | €1,278 | €6,000 | €15,143 | ▲ 152% |
| Profit (loss) for the period9904 | €360 | €1,224 | €18,090 | €33,045 | ▲ 82.7% |
| Profit (loss) for the period to be appropriated9905 | €360 | €1,224 | €18,090 | €33,045 | ▲ 82.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €15,902 | €45,026 | €33,445 | €77,937 | ▲ 133% |
| Fixed assets21/28 | €3,834 | €2,158 | €1,236 | €526 | ▼ 57.5% |
| Intangible fixed assets21 | - | €533 | €246 | - | - |
| Tangible fixed assets22/27 | €3,834 | €1,625 | €990 | €526 | ▼ 46.9% |
| Plant, machinery and equipment23 | €1,563 | €854 | €145 | - | - |
| Furniture and vehicles24 | €2,271 | €771 | €845 | €526 | ▼ 37.7% |
| Current assets29/58 | €12,068 | €42,868 | €32,208 | €77,412 | ▲ 140% |
| Amounts receivable within one year40/41 | €3,279 | €40,516 | €27,784 | €65,344 | ▲ 135% |
| Trade receivables40 | €1,531 | €40,516 | €3,577 | €15,750 | ▲ 340% |
| Other amounts receivable41 | €1,748 | €0 | €24,207 | €49,594 | ▲ 105% |
| Cash at bank and in hand54/58 | €7,072 | €1,858 | €3,014 | €10,277 | ▲ 241% |
| Deferred charges and accrued income490/1 | €1,717 | €494 | €1,411 | €1,790 | ▲ 26.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €15,902 | €45,026 | €33,445 | €77,937 | ▲ 133% |
| Equity10/15 | €1,360 | €2,584 | €20,674 | €1,019 | ▼ 95.1% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €360 | €1,584 | €19,674 | €19 | ▼ 99.9% |
| Amounts payable17/49 | €14,542 | €42,442 | €12,771 | €76,919 | ▲ 502% |
| Amounts payable after more than one year17 | €5,000 | - | - | €1,361 | - |
| Financial debts170/4 | €5,000 | - | - | €1,361 | - |
| Amounts payable within one year42/48 | €9,542 | €42,432 | €12,771 | €75,558 | ▲ 492% |
| Trade debts44 | €3,357 | €34,753 | €6,671 | €1,615 | ▼ 75.8% |
| Suppliers440/4 | €3,357 | €34,753 | €6,671 | €1,615 | ▼ 75.8% |
| Taxes, remuneration and social security45 | €6,185 | €4,605 | €6,100 | €21,243 | ▲ 248% |
| Taxes450/3 | €6,185 | €4,605 | €6,100 | €21,243 | ▲ 248% |
| Other amounts payable47/48 | - | €3,075 | - | €52,700 | - |
| Accrued charges and deferred income492/3 | - | €10 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €360 | €1,224 | €18,090 | €33,045 | ▲ 82.7% |
| + Depreciation and write-downs630 | €2,814 | €3,109 | €1,107 | €710 | ▼ 35.8% |
| Operating cash flow (approximation) | €3,174 | €4,332 | €19,196 | €33,756 | ▲ 75.8% |
| Investment in fixed assets (approximation) | - | -€1,433 | -€185 | €0 | - |
| Change in cash | - | -€5,214 | €1,155 | €7,263 | ▲ 529% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,153 companies had the same profile as UNI VALUE has now. Two years later, 96.1% were still going and 1.7% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
96.1%
was still going
2.2%
stopped otherwise
1.7%
went bankrupt
That fits the bankruptcy probability of UNI VALUE itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,153 companies, not a prediction for UNI VALUE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.