UNICAS

Active

Public limited companyfounded 198244 yrs activeKerkstraat 38, 1755 Pajottegem, BelgiumKBO/BCE: BE 0423.165.072

Summary

UNICAS has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.7m and a net result of -€259,859. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 45% of 1009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch Report Compare

UNICASActiveChecked score 85/100

Risk analysis Report Compare

Activity

General construction of residential buildings

NACE 41001General construction of buildings NACE 41201

#1 employer in Pajottegem, Construction sector1 site

Size

€36.3mturnover 2025

Staff: 31.2 FTE
Equity: €6.7m
Loss: -€259,859

Financial health

85 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.3%

Structure

Parent: ALL PROJECTS & DEVELOPMENTS · 65.93%
Holdings: 1

Accounts filed 6 d late0 of 15 deeds read

Why 85- Sector Construction of residential and non-residential buildings (NACE 41)- Loss of €259,859, the second in a row (FY 2025)+ Founded in 1982+ Legal form Public limited companyShow the evidence

Checked score

Score 2025

85 / 100

Excellent

Probability in this band: under 0.55%

Better than 40% of its sector peers (NACE 41, small)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 54-1

equity 28.9% of total assets

Liquidity 33-4

short-term debt 53.0% · cash 7.9%

Profitability 28+6

return on assets -1.1%

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (909 companies)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▼ -3.7% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.1%▼ -1.3% vs 03-2025lowest value 05-2025: 0.1%▲ +2.6% vs 04-2025 06-2025: 0.1%▼ -1.3% vs 05-2025 07-2025: 0.1%▲ +21.8% vs 06-2025 08-2025: 0.3%▲ +252% vs 07-2025 09-2025: 0.3%● 0.0% vs 08-2025 10-2025: 0.3%● 0.0% vs 09-2025 11-2025: 0.3%● 0.0% vs 10-2025 12-2025: 0.3%● 0.0% vs 11-2025 01-2026: 0.3%● 0.0% vs 12-2025 02-2026: 0.3%▼ -3.6% vs 01-2026 03-2026: 0.3%● 0.0% vs 02-2026 04-2026: 0.3%▲ +1.9% vs 03-2026 05-2026: 0.3%▲ +4.6% vs 04-2026 06-2026: 0.3%▲ +1.5% vs 05-2026 07-2026: 0.3%▼ -1.1% vs 06-2026 08-2026: 0.7%▲ +92.7% vs 07-2026highest value 09-2026: 0.3%▼ -56.0% vs 08-2026 10-2026: 0.3%● 0.0% vs 09-2026

Sector Construction of residential and non-residential buildings (NACE 41) raises the probability
Founded in 1982 lowers the probability for this profile
Loss of €259,859, the second in a row (FY 2025) raises the probability
Legal form Public limited company lowers the probability

Credit up to €550,000 at 30 days acceptable

Liquidity ample (current ratio 1.68 against 1.71 in 2024; short-term debt: 53% and cash: 7.9% of total assets), but 71.1% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 41, small). Better than this share of them on solvency 46%, liquidity 35%, profitability 16%, growth against the median 62%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Sector Construction of residential and non-residential buildings (NACE 41)

In the bankruptcy model this factor raises the probability.

KBO

Founded in 1982

In the bankruptcy model this factor lowers the probability for this profile.

KBO

Loss of €259,859, the second in a row (FY 2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Legal form Public limited company

In the bankruptcy model this factor lowers the probability.

KBO

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€259,859

A punctual record breaks

This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

6 d late

2024

35 d early

2023

50 d early

2022

34 d early

2021

33 d early

2020

47 d early

2019

42 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 34 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (2)

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. Usually files around 27 June (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

06-10-2026 today31-12-2026 close31-07-2027 deadline

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

06-08-26 Annual accounts filedfiscal year 2025 · full…
26-06-25 Annual accounts filedfiscal year 2024 · full…
31-12-24 Weakest financial yearnet -€686,366

Key points

Positive: Turnover rose in 2025from €17.6m to €36.3m ▲ 107% View
Caution: Among the weakest 8% on net resultsector median €34,870 · 1,011 companies -€259,859 View
Controlled by ALL PROJECTS & DEVELOPMENTSultimately: ALL PROJECTS HOLDING 65.93% View
Caution: 2 loss-making years in a rowloss fiscal year 2025 -€259,859 View