UNIT 3
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is nearly 3.1 times that of 2024 and the highest since 2023. It is the second 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.
Staff
| Item | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | - | - |
| full-time | 1 | - | - |
| in full-time equivalents | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 |
| On a permanent contract | 1 | - | - |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €6,411 | €10,670 | €21,712 |
| Depreciation and write-downs of the year | €7,930 | €7,054 | €11,208 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €64,843 | €65,365 | €68,398 | ▲ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,930 | €7,054 | €11,208 | ▲ 58.9% |
| Other operating charges640/8 | €1,881 | €1,769 | €1,717 | ▼ 2.9% |
| Gross operating margin9900 | €82,008 | €90,442 | €131,198 | ▲ 45.1% |
| Operating profit (loss)9901 | €7,354 | €16,254 | €49,875 | ▲ 207% |
| Financial income75/76B | €5 | €9 | €562 | ▲ 64× |
| Recurring financial income75 | €5 | €9 | €562 | ▲ 64× |
| Financial charges65/66B | €3,247 | €3,079 | €2,825 | ▼ 8.3% |
| Recurring financial charges65 | €3,247 | €3,079 | €2,825 | ▼ 8.3% |
| Profit (loss) for the period before taxes9903 | €4,112 | €13,183 | €47,613 | ▲ 261% |
| Income taxes67/77 | €2,077 | €4,520 | €16,241 | ▲ 259% |
| Profit (loss) for the period9904 | €2,035 | €8,663 | €31,372 | ▲ 262% |
| Profit (loss) for the period to be appropriated9905 | €2,035 | €8,663 | €31,372 | ▲ 262% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €175,570 | €165,055 | €181,542 | ▲ 10.0% |
| Fixed assets21/28 | €99,662 | €103,278 | €113,782 | ▲ 10.2% |
| Tangible fixed assets22/27 | €99,662 | €103,278 | €113,782 | ▲ 10.2% |
| Land and buildings22 | €91,999 | €88,583 | €85,166 | ▼ 3.9% |
| Plant, machinery and equipment23 | €627 | €115 | €16,814 | ▲ 146× |
| Furniture and vehicles24 | €7,035 | €14,581 | €11,802 | ▼ 19.1% |
| Current assets29/58 | €75,908 | €61,777 | €67,760 | ▲ 9.7% |
| Stocks and contracts in progress3 | €5,191 | €5,706 | €5,540 | ▼ 2.9% |
| Stocks30/36 | €5,191 | €5,706 | €5,540 | ▼ 2.9% |
| Amounts receivable within one year40/41 | €63,916 | €41,591 | €51,136 | ▲ 22.9% |
| Trade receivables40 | €61,236 | €38,769 | €47,908 | ▲ 23.6% |
| Other amounts receivable41 | €2,680 | €2,823 | €3,228 | ▲ 14.3% |
| Cash at bank and in hand54/58 | €3,745 | €10,989 | €7,411 | ▼ 32.6% |
| Deferred charges and accrued income490/1 | €3,057 | €3,490 | €3,673 | ▲ 5.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €175,570 | €165,055 | €181,542 | ▲ 10.0% |
| Equity10/15 | €2,627 | €11,291 | €42,663 | ▲ 278% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €1,627 | €10,291 | €41,663 | ▲ 305% |
| Distributable reserves133 | €1,627 | €10,291 | €41,663 | ▲ 305% |
| Amounts payable17/49 | €172,943 | €153,765 | €138,879 | ▼ 9.7% |
| Amounts payable after more than one year17 | €102,712 | €94,615 | €86,305 | ▼ 8.8% |
| Financial debts170/4 | €102,712 | €94,615 | €86,305 | ▼ 8.8% |
| Amounts payable within one year42/48 | €69,333 | €58,252 | €51,677 | ▼ 11.3% |
| Current portion of amounts payable after more than one year42 | €7,888 | €8,096 | €8,311 | ▲ 2.6% |
| Financial debts43 | €1,419 | €98 | €166 | ▲ 69.5% |
| Credit institutions430/8 | €1,419 | €98 | €166 | ▲ 69.5% |
| Trade debts44 | €22,024 | €22,571 | €17,984 | ▼ 20.3% |
| Suppliers440/4 | €22,024 | €22,571 | €17,984 | ▼ 20.3% |
| Taxes, remuneration and social security45 | €15,288 | €15,110 | €17,591 | ▲ 16.4% |
| Taxes450/3 | €7,579 | €7,287 | €9,489 | ▲ 30.2% |
| Remuneration and social security454/9 | €7,709 | €7,823 | €8,102 | ▲ 3.6% |
| Other amounts payable47/48 | €22,713 | €12,377 | €7,626 | ▼ 38.4% |
| Accrued charges and deferred income492/3 | €898 | €898 | €897 | ▼ 0.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,035 | €8,663 | €31,372 | ▲ 262% |
| + Depreciation and write-downs630 | €7,930 | €7,054 | €11,208 | ▲ 58.9% |
| Operating cash flow (approximation) | €9,965 | €15,717 | €42,580 | ▲ 171% |
| Investment in fixed assets (approximation) | - | -€10,670 | -€21,712 | ▼ 103% |
| Change in cash | - | €7,245 | -€3,579 | - |
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, 5,053 companies had the same profile as UNIT 3 has now. Two years later, 95.8% were still going and 1.6% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of UNIT 3 itself: 0.4% 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 5,053 companies, not a prediction for UNIT 3. 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.