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“Unipath”

Active
Private limited companyfounded 2025active for 1 yearOnteigeningsstraat 23, 9060 Zelzate, BelgiumKBO/BCE: BE 1026.517.841
Summary

“Unipath” has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57,414 and a net result of €54,914. Its solvency ranks better than 44% of 2,310 sector peers (NACE 63, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€57,414
Total assets
€116,211
Net result
€54,914
Working capital
€74,025

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €116,211
Fixed assets €5,280
Current assets €110,931
Equity and liabilities €116,211
Equity €57,414
Debt €58,797
Debt finances 50.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€69,466
Cash flow
€55,233
Current ratio
3.01
Debt to equity
1.02
ROE
95.6%
ROA
47.3%
Interest coverage
over 100
Debt ≤ 1 year
€36,906
Income taxes
€14,212

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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% 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 11,280 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 · 33 lines
Balance sheet Code2025
Assets
Total assets20/58€116,211
Fixed assets21/28€5,280
Tangible fixed assets22/27€5,280
Plant, machinery and equipment23€5,280
Current assets29/58€110,931
Amounts receivable within one year40/41€30,014
Trade receivables40€29,866
Other amounts receivable41€148
Cash at bank and in hand54/58€77,360
Deferred charges and accrued income490/1€3,558
Equity and liabilities
Total equity and liabilities10/49€116,211
Equity10/15€57,414
Contributions10/11€2,500
Profit (loss) carried forward14€54,914
Amounts payable17/49€58,797
Amounts payable within one year42/48€36,906
Trade debts44€22,694
Suppliers440/4€22,694
Taxes, remuneration and social security45€14,212
Taxes450/3€14,212
Accrued charges and deferred income492/3€21,891
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€319
Gross operating margin9900€69,466
Operating profit (loss)9901€69,147
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€22
Recurring financial charges65€22
Profit (loss) for the period before taxes9903€69,126
Income taxes67/77€14,212
Profit (loss) for the period9904€54,914
Profit (loss) for the period to be appropriated9905€54,914
Appropriation of the result
Profit (loss) to be appropriated9906€54,914

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€319
Gross operating margin9900€69,466
Operating profit (loss)9901€69,147
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€22
Recurring financial charges65€22
Profit (loss) for the period before taxes9903€69,126
Income taxes67/77€14,212
Profit (loss) for the period9904€54,914
Profit (loss) for the period to be appropriated9905€54,914
Line2025
Assets
Total assets20/58€116,211
Fixed assets21/28€5,280
Tangible fixed assets22/27€5,280
Plant, machinery and equipment23€5,280
Current assets29/58€110,931
Amounts receivable within one year40/41€30,014
Trade receivables40€29,866
Other amounts receivable41€148
Cash at bank and in hand54/58€77,360
Deferred charges and accrued income490/1€3,558
Equity and liabilities
Total equity and liabilities10/49€116,211
Equity10/15€57,414
Contributions10/11€2,500
Profit (loss) carried forward14€54,914
Amounts payable17/49€58,797
Amounts payable within one year42/48€36,906
Trade debts44€22,694
Suppliers440/4€22,694
Taxes, remuneration and social security45€14,212
Taxes450/3€14,212
Accrued charges and deferred income492/3€21,891
Line2025
Profit (loss) for the period9904€54,914
+ Depreciation and write-downs630€319
Operating cash flow (approximation)€55,233

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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Public contracts: not fully processed yet. The notices from October 2018 to September 2026 are still being read.