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UNIART

Active
Private limited company (pre-2019)founded 20197 yrs activeTerschurenstraat 69, 3080 Tervuren, BelgiumKBO/BCE: BE 0721.781.849
Summary

The computed 12-month bankruptcy probability of UNIART is 2.2% (moderate). The 2025 annual accounts show equity of €955,798 and a net result of -€20,576. Equity remains stable across the filed fiscal years (±1% per year). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability35▼-2
Solvency75▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 1.98 against 2.02 in 2024; short-term debt: 50.4% and cash: 0% of total assets), but 50.4% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
49.6%
Return on assets
-1.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
on the day
2024
2 d early
2023
on the day
2022
7 d early
2021
29 d late
2020
59 d late
2019
69 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 21 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

UNIART was incorporated on 1 March 2019.1 Total assets went from EUR 1.9 million in 2019 to EUR 1.9 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€955,798▼ 2.1%
2024 · €976,374
Total assets
€1.9m▼ 0.2%
2024 · €1.9m
Net result
-€20,576▼ 206%
2024 · -€6,719
Working capital
€955,798▼ 2.1%
2024 · €976,374
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€26,134▼ 265%-€5,263▲ 79.9%-€3,443▲ 34.6%-€6,645▼ 93.0%-€20,501▼ 209%
Net result-€26,201▼ 263%-€5,332▲ 79.7%-€3,512▲ 34.1%-€6,719▼ 91.3%-€20,576▼ 206%
Equity€991,936▼ 2.6%€986,605▼ 0.5%€983,093▼ 0.4%€976,374▼ 0.7%€955,798▼ 2.1%
Total assets€1.9m▲ 0.1%€1.9m=€1.9m▼ 0.1%€1.9m▲ 0.2%€1.9m▼ 0.2%
Debt€939,362▲ 3.1%€944,503▲ 0.5%€945,503▲ 0.1%€956,170▲ 1.1%€972,323▲ 1.7%
Working capital€994,066▼ 2.3%€986,447▼ 0.8%€983,093▼ 0.3%€976,374▼ 0.7%€955,798▼ 2.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0Operating result 2021: -€26,134-€26,134Net result 2021: -€26,201-€26,201Operating result 2022: -€5,263-€5,263Net result 2022: -€5,332-€5,332Operating result 2023: -€3,443-€3,443Net result 2023: -€3,512-€3,512Operating result 2024: -€6,645-€6,645Net result 2024: -€6,719-€6,719Operating result 2025: -€20,501-€20,501Net result 2025: -€20,576-€20,57620212022202320242025-€30,000-€20,000-€10,000€0Operating result 2023: -€3,443-€3,440Net result 2023: -€3,512-€3,510Operating result 2024: -€6,645-€6,650Net result 2024: -€6,719-€6,720Operating result 2025: -€20,501-€20,500Net result 2025: -€20,576-€20,600202320242025
The operating result stays negative: a loss of €20,501 in 2025 against €6,645 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.9m
Equity €955,798 ▼ 2.1%
Debt €972,323 ▲ 1.7%
Debt's share of the balance-sheet total rises from 49.5% to 50.4%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.98▼
2024 · 2.02
Quick ratio
0.06▼
2024 · 0.06
Debt to equity
1.02▲
2024 · 0.98
ROE
-2.2%▼
2024 · -0.7%
ROA
-1.1%▼
2024 · -0.3%
Debt ≤ 1 year
€972,323▲
2024 · €956,170
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 925 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93% are still going.

  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss
1.5% went bankrupt
5.6% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 925 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 30 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.9m€1.9m▼
Current assets29/58€1.9m€1.9m▼
Stocks and contracts in progress3€1.9m€1.9m=
Stocks30/36€1.9m€1.9m=
Amounts receivable within one year40/41€54,250€54,250=
Trade receivables40€54,250€54,250=
Cash at bank and in hand54/58€4,779€356▼
Equity and liabilities
Total equity and liabilities10/49€1.9m€1.9m▼
Equity10/15€976,374€955,798▼
Contributions10/11€94,841€94,841=
Reserves13€46,327€46,327=
Non-distributable reserves130/1€44,605€44,605=
Reserves not available under the articles1311€44,605€44,605=
Distributable reserves133€1,723€1,723=
Profit (loss) carried forward14€835,206€814,630▼
Amounts payable17/49€956,170€972,323▲
Amounts payable within one year42/48€956,170€972,323▲
Trade debts44€4,061€571▼
Suppliers440/4€4,061€571▼
Other amounts payable47/48€952,109€971,752▲
Income statement Code20242025
Other operating charges640/8€979€1,208▲
Gross operating margin9900-€5,666-€19,293▼
Operating profit (loss)9901-€6,645-€20,501▼
Financial charges65/66B€74€75▲
Recurring financial charges65€74€75▲
Profit (loss) for the period before taxes9903-€6,719-€20,576▼
Profit (loss) for the period9904-€6,719-€20,576▼
Profit (loss) for the period to be appropriated9905-€6,719-€20,576▼
Appropriation of the result
Profit (loss) to be appropriated9906€835,206€814,630▼
Profit (loss) brought forward from the previous period14P€841,925€835,206▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€213€213€158---
Other operating charges640/8€1,011€878€971€979€1,208▲ 23.4%
Gross operating margin9900-€24,910-€4,171-€2,314-€5,666-€19,293▼ 240%
Operating profit (loss)9901-€26,134-€5,263-€3,443-€6,645-€20,501▼ 209%
Financial charges65/66B€67€69€69€74€75▲ 2.0%
Recurring financial charges65€67€69€69€74€75▲ 2.0%
Profit (loss) for the period before taxes9903-€26,201-€5,332-€3,512-€6,719-€20,576▼ 206%
Profit (loss) for the period9904-€26,201-€5,332-€3,512-€6,719-€20,576▼ 206%
Profit (loss) for the period to be appropriated9905-€26,201-€5,332-€3,512-€6,719-€20,576▼ 206%
Line20212022202320242025Change
Assets
Total assets20/58€1.9m€1.9m€1.9m€1.9m€1.9m▼ 0.2%
Fixed assets21/28€371€158----
Tangible fixed assets22/27€371€158----
Land and buildings22€371€158----
Current assets29/58€1.9m€1.9m€1.9m€1.9m€1.9m▼ 0.2%
Stocks and contracts in progress3€1.9m€1.9m€1.9m€1.9m€1.9m=
Stocks30/36€1.9m€1.9m€1.9m€1.9m€1.9m=
Amounts receivable within one year40/41€54,250€54,250€54,250€54,250€54,250=
Trade receivables40€54,250€54,250€54,250€54,250€54,250=
Cash at bank and in hand54/58€3,162€2,215€832€4,779€356▼ 92.5%
Deferred charges and accrued income490/1-€970----
Equity and liabilities
Total equity and liabilities10/49€1.9m€1.9m€1.9m€1.9m€1.9m▼ 0.2%
Equity10/15€991,936€986,605€983,093€976,374€955,798▼ 2.1%
Contributions10/11€94,841€94,841€94,841€94,841€94,841=
Reserves13€46,327€46,327€46,327€46,327€46,327=
Non-distributable reserves130/1€44,605€44,605€44,605€44,605€44,605=
Reserves not available under the articles1311€44,605€44,605€44,605€44,605€44,605=
Distributable reserves133€1,723€1,723€1,723€1,723€1,723=
Profit (loss) carried forward14€850,768€845,436€841,925€835,206€814,630▼ 2.5%
Amounts payable17/49€939,362€944,503€945,503€956,170€972,323▲ 1.7%
Amounts payable within one year42/48€936,862€944,503€945,503€956,170€972,323▲ 1.7%
Trade debts44€720€5,862-€4,061€571▼ 85.9%
Suppliers440/4€720€5,862-€4,061€571▼ 85.9%
Other amounts payable47/48€936,142€938,642€945,503€952,109€971,752▲ 2.1%
Accrued charges and deferred income492/3€2,500-----
Line20212022202320242025Change
Profit (loss) for the period9904-€26,201-€5,332-€3,512-€6,719-€20,576▼ 206%
+ Depreciation and write-downs630€213€213€158---
Operating cash flow (approximation)-€25,988-€5,119-€3,354-€6,719-€20,576▼ 206%
Investment in fixed assets (approximation)-€0----
Change in cash--€947-€1,383€3,947-€4,422▼ 212%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial Weakest financial yearnet -€26,201
Net result drops to -€26,201, the lowest in the series; recovery starts the following year.
28-09
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 59 days late
2020
08-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tervuren · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
3,762 m²
Building footprint
611 m²
Volume, LiDAR
3,216 m³
2 parcels, Brussels, Flanders · tallest building 19.8 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
UNIART
Hertogsstraat 51, 1000 BrusselReal estate activities
since 20192.287.668.883
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
24023D0014/00T002 Flanders 3,516 m² 1 · 411 m² 19.8 m · 1 fl.
21804D0147/00H000 Brussels 246 m² 1 · 200 m² 16.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. VELIA 99.7%
  2. UNIART

Highest known parent: VELIA. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded01-03-2019
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.