UNICARS
ActiveSummary
UNICARS has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.0m and a net result of -€90,616. Equity remains stable across the filed financial years (±0.8% per year). Its solvency ranks better than 28% of 5,007 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Financials · financial year 2025, full format
In the rankings
#3 company by staff growth in Bruges, Wholesale and retail trade sector#10 employer in Bruges, Wholesale and retail trade sector
Turnover
€54.3m▲ 81.7%
2024 · €29.9m
EBIT margin
0.5%▼ 1.0pp
2024 · 1.5%
Net result
-€90,616
2024 · €103,459
Working capital
€1.8m▲ 391%
2024 · €362,187
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen three years in a row; 2025 is 35% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€54.3m
2025
Operating result€0.3m
2025
Net result-€0.09m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€17.7m
2025
Equity€3.0m
2025
Debt€14.6m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.8m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin0.5%
2025
Return on assets (ROA)-0.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency17.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.12
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)49.2
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€26.4m-€27.5m▲ 4.4%€27.0m▼ 1.9%€27.2m▲ 0.7%€24.9m▼ 8.2%€25.8m▲ 3.6%€29.9m▲ 15.5%€54.3m▲ 81.7%
Operating result€0.4m-€0.6m▲ 43.4%€0.7m▲ 13.6%€0.4m▼ 46.8%€0.7m▲ 95.3%€0.5m▼ 32.2%€0.5m▼ 6.0%€0.3m▼ 34.6%
Net result€0.2m-€0.3m▲ 79.6%€0.4mabove the sector's middle half▲ 31.0%€0.2mabove the sector's middle half▼ 51.0%€0.5mabove the sector's middle half▲ 152%€0.2mabove the sector's middle half▼ 62.0%€0.1mwithin the sector's middle half▼ 44.0%-€0.09mbelow the sector's middle half
EBIT margin1.6%-2.2%▲ 0.6pp2.5%▲ 0.3pp1.3%▼ 1.2pp2.9%▲ 1.5pp1.9%▼ 1.0pp1.5%▼ 0.3pp0.5%▼ 1.0pp
Equity€2.6m-€2.5m▼ 3.8%€2.6mabove the sector's middle half▲ 3.7%€2.5mabove the sector's middle half▼ 4.1%€2.8mabove the sector's middle half▲ 13.5%€2.6mabove the sector's middle half▼ 7.6%€2.5mabove the sector's middle half▼ 2.9%€3.0mabove the sector's middle half▲ 19.6%
Total assets€11.6m-€14.0m▲ 20.6%€11.4mabove the sector's middle half▼ 18.5%€9.9mabove the sector's middle half▼ 13.1%€12.2mabove the sector's middle half▲ 22.6%€13.2mabove the sector's middle half▲ 8.2%€17.1mabove the sector's middle half▲ 30.0%€17.7mabove the sector's middle half▲ 3.2%
Debt€9.0m-€11.5m▲ 27.8%€8.8m▼ 23.4%€7.4m▼ 15.7%€9.3m▲ 25.8%€10.5m▲ 12.9%€14.6m▲ 38.3%€14.6m▲ 0.4%
Working capital€0.4m-€0.4m▲ 9.6%€0.2mwithin the sector's middle half▼ 52.0%-€0.07mbelow the sector's middle half€0.3mwithin the sector's middle half€0.4mwithin the sector's middle half▲ 15.8%€0.4mwithin the sector's middle half▼ 1.6%€1.8mabove the sector's middle half▲ 391%
Solvency22.5%-17.9%▼ 4.5pp22.8%within the sector's middle half▲ 4.9pp25.2%within the sector's middle half▲ 2.4pp23.3%within the sector's middle half▼ 1.9pp19.9%within the sector's middle half▼ 3.4pp14.9%within the sector's middle half▼ 5.0pp17.2%within the sector's middle half▲ 2.4pp
Current ratio1.05-1.04▼ 0.011.02within the sector's middle half▼ 0.010.99below the sector's middle half▼ 0.031.03within the sector's middle half▲ 0.041.04within the sector's middle half=1.02within the sector's middle half▼ 0.011.12within the sector's middle half▲ 0.10
Return on assets (ROA)1.4%-2.1%▲ 0.7pp3.4%within the sector's middle half▲ 1.3pp1.9%within the sector's middle half▼ 1.5pp4.0%within the sector's middle half▲ 2.1pp1.4%within the sector's middle half▼ 2.6pp0.6%within the sector's middle half▼ 0.8pp-0.5%within the sector's middle half▼ 1.1pp
Staff (FTE)26.6-28▲ 5.3%30.7above the sector's middle half▲ 9.6%29.2above the sector's middle half▼ 4.9%28.4above the sector's middle half▼ 2.7%25.4above the sector's middle half▼ 10.6%29.7above the sector's middle half▲ 16.9%49.2above the sector's middle half▲ 65.7%
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2025 Turnover +82%, Staff (FTE) +66% on 2024. Demerger with UNICARS BRUGGE, effective 04-04-2025.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.7m
Fixed assets
€1.3m ▼ 41.9%
Current assets
€16.4m ▲ 10.0%
Equity and liabilities €17.7m
Equity
€3.0m ▲ 19.6%
Provisions
€0 ▼ 100%
Debt
€14.6m ▲ 0.4%
Debt's share of the balance-sheet total falls from 85.1% to 82.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€519,315▼
2024 · €619,989
Cash flow
€131,586▼
2024 · €268,962
Quick ratio
0.32▲
2024 · 0.22
Debt to equity
4.80▼
2024 · 5.72
ROE
-3.0%▼
2024 · 4.1%
Interest coverage
1.56▼
2024 · 2.46
Debt ≤ 1 year
€14.6m▲
2024 · €14.5m
Income taxes
€60,369▼
2024 · €85,943
Staff costs
€3.9m▲
2024 · €2.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96.4% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.6%
went bankrupt
1.8%
stopped otherwise
96.4%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,507 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
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €27.6m | €25.5m | €26.3m | €30.5m | €55.2m | ▲ 80.9% |
| Turnover70 | €26.4m | €27.5m | €27.0m | €27.2m | €24.9m | €25.8m | €29.9m | €54.3m | ▲ 81.7% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | - | -€0.001m | €0.03m | - | €0.03m | - |
| Other operating income74 | - | - | - | €0.3m | €0.4m | €0.2m | €0.6m | €0.8m | ▲ 29.9% |
| Non-recurring operating income76A | - | - | - | €0.09m | €0.09m | €0.2m | - | €0.06m | - |
| Operating charges60/66A | - | - | - | €27.2m | €24.8m | €25.8m | €30.1m | €54.9m | ▲ 82.6% |
| Goods for resale, raw materials and consumables60 | - | - | - | €22.9m | €20.2m | €20.9m | €24.9m | €46.1m | ▲ 85.4% |
| Purchases600/8 | - | - | - | €21.4m | €21.8m | €23.1m | €28.1m | €46.0m | ▲ 64.0% |
| Change in stocks: decrease (increase)609 | - | - | - | €1.4m | -€1.7m | -€2.3m | -€3.2m | €0.08m | - |
| Services and other goods61 | - | - | - | €2.2m | €2.4m | €2.7m | €2.7m | €4.5m | ▲ 66.1% |
| Remuneration, social security and pensions62 | - | - | - | €1.8m | €1.8m | €1.7m | €2.1m | €3.9m | ▲ 85.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▲ 34.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.09m | €0.02m | €0.1m | €0.1m | €0.008m | ▼ 93.1% |
| Other operating charges640/8 | - | - | - | €0.2m | €0.07m | €0.08m | €0.09m | €0.1m | ▲ 20.1% |
| Non-recurring operating charges66A | - | - | - | €0.002m | €0.001m | €0.001m | €0.004m | €0.02m | ▲ 395% |
| Operating profit (loss)9901 | €0.4m | €0.6m | €0.7m | €0.4m | €0.7m | €0.5m | €0.5m | €0.3m | ▼ 34.6% |
| Financial income75/76B | - | - | - | €0.003m | €0.02m | €0.002m | €0.01m | €0.04m | ▲ 210% |
| Recurring financial income75 | €0.001m | €0.001m | - | €0.003m | €0.02m | €0.002m | €0.01m | €0.04m | ▲ 210% |
| Other financial income752/9 | - | - | - | €0.003m | €0.02m | €0.002m | €0.01m | €0.04m | ▲ 210% |
| Financial charges65/66B | - | - | - | €0.08m | €0.08m | €0.2m | €0.3m | €0.4m | ▲ 30.8% |
| Recurring financial charges65 | €0.1m | €0.2m | €0.1m | €0.08m | €0.08m | €0.2m | €0.3m | €0.4m | ▲ 30.8% |
| Debt charges650 | €0.1m | €0.1m | €0.09m | €0.06m | €0.07m | €0.2m | €0.3m | €0.3m | ▲ 32.1% |
| Other financial charges652/9 | - | - | - | €0.01m | €0.01m | €0.01m | €0.03m | €0.03m | ▲ 17.8% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.4m | €0.6m | €0.3m | €0.7m | €0.3m | €0.2m | -€0.03m | - |
| Transfer from deferred taxes780 | - | - | - | €0.003m | €0.001m | €0.001m | €0.001m | - | - |
| Income taxes67/77 | €0.1m | €0.2m | €0.2m | €0.1m | €0.2m | €0.09m | €0.09m | €0.06m | ▼ 29.8% |
| Taxes670/3 | - | - | - | €0.1m | €0.2m | €0.09m | €0.09m | €0.06m | ▼ 29.8% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.01m | €0.03m | - | - | - | - |
| Profit (loss) for the period9904 | €0.2m | €0.3m | €0.4m | €0.2m | €0.5m | €0.2m | €0.1m | -€0.09m | - |
| Transfer from tax-exempt reserves789 | - | - | - | €0.008m | €0.004m | €0.004m | €0.004m | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.3m | €0.4m | €0.2m | €0.5m | €0.2m | €0.1m | -€0.09m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €11.6m | €14.0m | €11.4m | €9.9m | €12.2m | €13.2m | €17.1m | €17.7m | ▲ 3.2% |
| Formation expenses20 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €2.8m | €2.5m | €2.7m | €2.8m | €2.7m | €2.3m | €2.2m | €1.3m | ▼ 41.9% |
| Tangible fixed assets22/27 | €2.8m | €2.5m | €2.7m | €2.8m | €2.7m | €2.3m | €2.2m | €1.3m | ▼ 41.9% |
| Land and buildings22 | - | - | - | €1.8m | €1.8m | €1.7m | €1.6m | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.2m | €0.2m | €0.2m | €0.3m | €0.5m | ▲ 75.8% |
| Furniture and vehicles24 | - | - | - | €0.7m | €0.6m | €0.4m | €0.3m | €0.9m | ▲ 144% |
| Other tangible fixed assets26 | - | - | - | €0.07m | €0.03m | €0.02m | - | - | - |
| Financial fixed assets28 | €0.001m | - | - | - | - | - | - | - | - |
| Current assets29/58 | €8.8m | €11.5m | €8.7m | €7.2m | €9.5m | €10.8m | €14.9m | €16.4m | ▲ 10.0% |
| Stocks and contracts in progress3 | €5.7m | €7.6m | €6.0m | €4.6m | €6.3m | €8.5m | €11.7m | €11.7m | ▼ 0.2% |
| Stocks30/36 | - | - | - | €4.6m | €6.3m | €8.5m | €11.7m | €11.7m | ▼ 0.2% |
| Work in progress32 | - | - | - | €0.01m | €0.01m | - | - | €0.02m | - |
| Finished goods33 | - | - | - | - | - | - | - | €0.001m | - |
| Goods purchased for resale34 | - | - | - | €4.6m | €6.2m | €8.5m | €11.7m | €11.6m | ▼ 0.4% |
| Amounts receivable within one year40/41 | €2.6m | €3.1m | €2.2m | €1.4m | €2.4m | €1.8m | €2.8m | €3.5m | ▲ 23.0% |
| Trade receivables40 | - | - | - | €1.4m | €1.9m | €1.5m | €1.9m | €3.1m | ▲ 60.4% |
| Other amounts receivable41 | - | - | - | €56 | €0.5m | €0.3m | €0.9m | €0.4m | ▼ 59.3% |
| Cash at bank and in hand54/58 | €0.4m | €0.9m | €0.4m | €1.1m | €0.8m | €0.4m | €0.3m | €1.2m | ▲ 250% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.01m | €0.06m | €0.04m | €0.08m | ▲ 97.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €11.6m | €14.0m | €11.4m | €9.9m | €12.2m | €13.2m | €17.1m | €17.7m | ▲ 3.2% |
| Equity10/15 | €2.6m | €2.5m | €2.6m | €2.5m | €2.8m | €2.6m | €2.5m | €3.0m | ▲ 19.6% |
| Contributions10/11 | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | €1.5m | ▼ 9.9% |
| Capital10 | - | - | - | €1.7m | €1.7m | €1.7m | €1.7m | €1.5m | ▼ 9.9% |
| Issued capital100 | - | - | - | €1.7m | €1.7m | €1.7m | €1.7m | €1.5m | ▼ 9.9% |
| Revaluation surpluses12 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.2m | ▼ 32.7% |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.7m | ▲ 333% |
| Non-distributable reserves130/1 | - | - | - | €0.07m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 1.7% |
| Legal reserve130 | - | - | - | €0.07m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 1.7% |
| Tax-exempt reserves132 | - | - | - | €0.05m | €0.05m | €0.04m | €0.04m | €0.03m | ▼ 7.9% |
| Distributable reserves133 | - | - | - | - | - | - | - | €0.5m | - |
| Profit (loss) carried forward14 | €0.4m | €0.3m | €0.4m | €0.3m | €0.6m | €0.4m | €0.3m | €0.6m | ▲ 87.2% |
| Provisions and deferred taxes16 | €0.03m | €0.02m | €0.02m | €0.01m | €0.01m | €0.02m | €0.009m | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | €0.006m | - | - | - |
| Major repairs and maintenance162 | - | - | - | - | - | €0.006m | - | - | - |
| Deferred taxes168 | - | - | - | €0.01m | €0.01m | €0.01m | €0.009m | - | - |
| Amounts payable17/49 | €9.0m | €11.5m | €8.8m | €7.4m | €9.3m | €10.5m | €14.6m | €14.6m | ▲ 0.4% |
| Amounts payable after more than one year17 | €0.5m | €0.4m | €0.3m | €0.2m | €0.07m | €0.006m | - | - | - |
| Financial debts170/4 | - | - | - | €0.2m | €0.07m | €0.006m | - | - | - |
| Credit institutions173 | - | - | - | €0.2m | €0.07m | €0.006m | - | - | - |
| Amounts payable within one year42/48 | €8.4m | €11.1m | €8.5m | €7.2m | €9.2m | €10.5m | €14.5m | €14.6m | ▲ 0.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.06m | €0.006m | - | - |
| Financial debts43 | - | - | - | €3.5m | €3.5m | €3.2m | €3.2m | €3.3m | ▲ 2.8% |
| Credit institutions430/8 | - | - | - | €3.5m | €3.5m | €3.2m | €3.2m | €3.3m | ▲ 2.8% |
| Trade debts44 | €4.4m | €6.3m | €4.4m | €3.3m | €4.9m | €5.9m | €10.3m | €8.2m | ▼ 20.0% |
| Suppliers440/4 | - | - | - | €3.3m | €4.9m | €5.9m | €10.3m | €8.2m | ▼ 20.0% |
| Advances received on contracts in progress46 | - | - | - | €0.1m | €0.4m | €0.09m | €0.09m | €0.08m | ▼ 9.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.3m | €0.3m | €0.3m | €0.7m | ▲ 127% |
| Taxes450/3 | - | - | - | €0.08m | €0.1m | €0.1m | €0.05m | €0.1m | ▲ 151% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.5m | ▲ 121% |
| Other amounts payable47/48 | - | - | - | €422 | €4 | €0.9m | €0.6m | €2.3m | ▲ 267% |
| Accrued charges and deferred income492/3 | - | - | - | €0.009m | €0.06m | €0.07m | €0.05m | €0.04m | ▼ 31.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €167,262 | €300,350 | €393,428 | €192,974 | €486,757 | €184,793 | €103,459 | -€90,616 | - |
| + Depreciation and write-downs630 | €316,334 | €290,146 | €326,711 | €266,253 | €295,655 | €255,548 | €165,503 | €222,202 | ▲ 34.3% |
| Operating cash flow (approximation) | €483,595 | €590,496 | €720,138 | €459,227 | €782,412 | €440,342 | €268,962 | €131,586 | ▼ 51.1% |
| Investment in fixed assets (approximation) | - | €20,199 | -€548,106 | -€316,735 | -€191,795 | €56,510 | -€69,230 | €720,331 | - |
| Change in cash | - | €440,585 | -€443,543 | €685,197 | -€272,471 | -€433,976 | -€78,839 | €829,393 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 01-06-2026 | 2026-00133394 |
| 31-12-2024 | full format | 02-06-2025 | 2025-00116383 |
| 31-12-2023 | full format | 06-06-2024 | 2024-00116436 |
| 31-12-2022 | full format | 05-06-2023 | 2023-00109893 |
| 31-12-2021 | full format | 04-07-2022 | 2022-20134900 |
| 31-12-2020 | full format | 14-07-2021 | 2021-35600175 |
| 31-12-2019 | full format | 04-08-2020 | 2020-38800301 |
| 31-12-2018 | full format | 17-07-2019 | 2019-33700274 |
| 31-12-2017 | full format | 31-08-2018 | 2018-57200422 |
| 30-09-2016 | full format | 27-04-2017 | 2017-10300078 |
Similar companies · same sector, comparable size
SA Garage Edmond Rohen
BE 0414.536.923
Welkenraedt · equity €3,045,936
WKA
BE 0607.896.030
Antwerpen · equity €3,044,350
GARAGE HELLINCKX
BE 0442.866.069
Sint-Gillis (bij-Brussel) · equity €3,043,330
GEBROEDERS MERCKX
BE 0457.501.389
Overijse · equity €3,051,333
DEJONCKHEERE KORTRIJK
BE 0737.881.077
Zwevegem · equity €3,038,397
Of the 10,462 active companies whose main activity is retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811), figures are known for 5,233. 1,960 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €6,963 awarded · €6,963 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €5,614 | €5,614 |
| 2024 | 1 | €239 | €239 |
| 2023 | 1 | €1,110 | €1,110 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.