UNIT ONE
ActiveSummary
UNIT ONE has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €192,106 and a net result of €2,112. Equity has been growing by about 8.6% per year since 2018. Its solvency ranks better than 31% of 10,818 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-03-1993 Normal situation
- Registered office
- 15 active companies are registered at this address Source: KBO register, as of 2 November 2026.
- Activity
- Activities of head offices NACE 70100
- Establishment unit
- 2.061.522.687 2170 Antwerpen, since 02-04-1993
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Board and ownership
- Barry CollardDirector · since 13-04-2023
- M.D.R BVDirector · since 13-04-2023 · permanent representative Matthias De Raeymaeker
- Sofie BeernaertDirector · since 13-04-2023
- Auditor
- EY Bedrijfsrevisoren BV
- Manuchar100%· score 862025 annual accounts of Manuchar
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €90,316
- ▼ 8.1%
- Turnover
- ≈ €180,000
- estimated
- Profit
- €2,112
- ▼ 48.9%
- Equity
- €192,106
- ▲ 1.1%
- Total assets
- €631,346
- ▼ 9.9%
Score breakdownraises riskLiquidity: current ratio 0.08, cash €5,660, halvedlowers riskSize: total assets €631,346Founded in 1993Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 31% of them on solvency, 7% on liquidity, 16% on profitability and 44% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 72 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 27-05-2026 PDF all 32 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 9% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | €0.4m | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.005m | €0.005m | €0.004m | €0.002m | €0.002m | €0.004m | €0.004m | €0.004m | = |
| Other operating charges640/8 | - | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 0.7% |
| Gross operating margin9900 | €0.1m | €0.06m | €0.3m | €2.0m | €0.04m | €0.04m | €0.1m | €0.09m | ▼ 8.1% |
| Operating profit (loss)9901 | €0.04m | €0.04m | €0.2m | €1.9m | €0.02m | €0.03m | €0.08m | €0.08m | ▼ 9.3% |
| Financial income75/76B | - | - | - | - | €0.002m | - | - | - | - |
| Recurring financial income75 | - | - | - | €0.02m | €0.002m | - | - | - | - |
| Financial charges65/66B | - | - | - | - | €0.01m | €0.03m | €0.08m | €0.08m | ▼ 4.5% |
| Recurring financial charges65 | €0.03m | €0.03m | €0.02m | €0.001m | €0.01m | €0.03m | €0.08m | €0.08m | ▼ 4.5% |
| Profit (loss) for the period before taxes9903 | €0.003m | €0.01m | €0.2m | €2.0m | €0.01m | -€0.006m | €0.006m | €0.001m | ▼ 75.9% |
| Income taxes67/77 | €0.003m | €0.01m | €0.06m | €0.5m | €0.004m | - | €0.002m | -€0.001m | - |
| Profit (loss) for the period9904 | €376 | €0.001m | €0.2m | €1.4m | €0.01m | -€0.006m | €0.004m | €0.002m | ▼ 48.9% |
| Profit (loss) for the period to be appropriated9905 | €376 | €0.001m | €0.2m | €1.4m | €0.01m | -€0.006m | €0.004m | €0.002m | ▼ 48.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €796,675 | €856,858 | €749,392 | €861,953 | €634,501 | €704,830 | €701,003 | €631,346 | ▼ 9.9% |
| Fixed assets21/28 | €664,682 | €660,142 | €600,250 | €611,009 | €608,738 | €605,117 | €601,486 | €597,855 | ▼ 0.6% |
| Tangible fixed assets22/27 | €664,682 | €660,142 | €600,250 | €611,009 | €608,738 | €605,117 | €601,486 | €597,855 | ▼ 0.6% |
| Land and buildings22 | - | - | - | - | €608,738 | €605,117 | €601,486 | €597,855 | ▼ 0.6% |
| Current assets29/58 | €131,993 | €196,716 | €149,142 | €250,945 | €25,763 | €99,713 | €99,516 | €33,490 | ▼ 66.3% |
| Amounts receivable within one year40/41 | €29,630 | €56,452 | €21,074 | €228,115 | €5,879 | €18,363 | €72,600 | €27,830 | ▼ 61.7% |
| Trade receivables40 | - | - | - | - | - | €13,037 | €72,600 | €27,830 | ▼ 61.7% |
| Other amounts receivable41 | - | - | - | - | €5,879 | €5,326 | - | - | - |
| Cash at bank and in hand54/58 | €102,363 | €140,264 | €128,068 | €22,830 | €19,884 | €81,349 | €26,916 | €5,660 | ▼ 79.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €796,675 | €856,858 | €749,392 | €861,953 | €634,501 | €704,830 | €701,003 | €631,346 | ▼ 9.9% |
| Equity10/15 | €90,737 | €92,164 | €112,923 | €318,391 | €191,485 | €185,859 | €189,995 | €192,106 | ▲ 1.1% |
| Contributions10/11 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Capital10 | - | - | - | - | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Issued capital100 | - | - | - | - | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Reserves13 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Non-distributable reserves130/1 | - | - | - | - | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Legal reserve130 | - | - | - | - | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Profit (loss) carried forward14 | €19,237 | €20,664 | €41,423 | €246,891 | €119,985 | €114,359 | €118,495 | €120,606 | ▲ 1.8% |
| Amounts payable17/49 | €705,938 | €764,695 | €636,468 | €543,562 | €443,017 | €518,971 | €511,008 | €439,240 | ▼ 14.0% |
| Amounts payable within one year42/48 | €699,138 | €759,990 | €633,998 | €531,468 | €436,692 | €510,286 | €497,836 | €422,454 | ▼ 15.1% |
| Trade debts44 | €17,616 | €24,065 | €20,285 | €6,574 | €509 | €5,302 | €2,365 | €8,731 | ▲ 269% |
| Suppliers440/4 | - | - | - | - | €509 | €5,302 | €2,365 | €8,731 | ▲ 269% |
| Taxes, remuneration and social security45 | - | - | - | - | €5,675 | €5,436 | €3,462 | €1,706 | ▼ 50.7% |
| Taxes450/3 | - | - | - | - | €5,675 | €5,436 | €3,462 | €1,706 | ▼ 50.7% |
| Other amounts payable47/48 | - | - | - | - | €430,508 | €499,548 | €492,009 | €412,016 | ▼ 16.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €6,325 | €8,684 | €13,172 | €16,786 | ▲ 27.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €376 | €0.001m | €0.2m | €1.4m | €0.01m | -€0.006m | €0.004m | €0.002m | ▼ 48.9% |
| + Depreciation and write-downs630 | €0.005m | €0.005m | €0.004m | €0.002m | €0.002m | €0.004m | €0.004m | €0.004m | = |
| Operating cash flow (approximation) | €0.005m | €0.006m | €0.2m | €1.4m | €0.01m | -€0.002m | €0.008m | €0.006m | ▼ 26.1% |
| Investment in fixed assets (approximation) | - | €0 | €0.06m | -€0.01m | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €0.04m | -€0.01m | -€0.1m | -€0.003m | €0.06m | -€0.05m | -€0.02m | ▲ 61.0% |
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, 14,766 companies had the same profile as UNIT ONE has now. Two years later, 0.2% had gone bankrupt and 96.2% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of UNIT ONE itself: 0.1% 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 14,766 companies, not a prediction for UNIT ONE. 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.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-05-2026 | 2026-00127246 | |
| 31-12-2024 | abbreviated format | 31-07-2025 | 2025-00357372 | |
| 31-12-2023 | abbreviated format | 23-05-2024 | 2024-00100208 | |
| 31-12-2022 | abbreviated format | 22-05-2023 | 2023-00093326 | |
| 31-12-2021 | abbreviated format | 29-03-2022 | 2022-09900068 | |
| 31-12-2020 | abbreviated format | 28-04-2021 | 2021-12100298 | |
| 31-12-2019 | abbreviated format | 08-05-2020 | 2020-11900556 | |
| 31-12-2018 | abbreviated format | 23-05-2019 | 2019-14800125 | |
| 31-12-2017 | full format | 15-05-2018 | 2018-13100014 | |
| 31-12-2016 | full format | 21-06-2017 | 2017-21200596 |
Board & ownership
Directors
Board 3
Permanent representatives 1
Statutory auditor 1
Owners and capital
Shareholders
1 ownerChain of control
- MANUCHAR GROUP
- Manuchar
- UNIT ONE
Owners 1
- ManucharparentSourceaccounts Manuchar 2025Equity USD 182.7m Loss of USD 9.5m in 2025 (loss of USD 1.0m in 2024) Checked score 86100%
Capital transactions
- 23-01-2024 Capital stated in the deed · €65,000 · 100 shares
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Barry Collard |
|
| M.D.R BV |
|
| Sofie Beernaert |
|
| EY Bedrijfsrevisoren BV |
|
| Bart Troubleyn |
|
| Philippe Huybrechs |
|
| Patrick Maas |
|
Network & group
Companies at the same address
14 other companies- International Trade Services Group Registered office · since 2025 1019628663
- Chemical Distribution BE Pillar 2 Group Registered office · since 2024 1014116489
- Manuchar International Trade Services Registered office · since 2023 0799443514
- Manuchar Pulp & Paper Registered office · since 2023 0799443316
- Manuchar Europe Registered office · since 2022 0793709923
- Corvida investments Registered office · since 2022 0787276150
- Dragonfly Invest Registered office · since 2022 0787276348
- Flamengo investments Registered office · since 2022 0787267638
- PPLS Invest Registered office · since 2022 0787267737
- LSF XI Magpie Finco Registered office · since 2022 0785953881
Connections & network
3 current directorsThe network starts from the directors of UNIT ONE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
23-01
Gazette deed
Purpose · Amendment of the articlesPurpose change · Authorised capital · Capital9 points ▸
- General meeting, “rechtspersonenregister te Antwerpen (afdeling Antwerpen), 2170 Antwerpen (district Merksem), Rietschoorvelden 20” (deed in Dutch)
- Other provision, “op naam”, 01-01-2014 (deed in Dutch)
- Amendment of the articles, 2
- Purpose change
- Amendment of the articles, 5
- Authorised capital, “alle verwijzingen naar toegestaan kapitaal, geschrapt” (deed in Dutch)
- Capital, €65,000
- Registered office clause, “Rietschoorvelden 20, Merksem” (deed in Dutch)
- Other provision, “verklaring enige aandeelhouder, akte” (deed in Dutch)
26-09
Gazette deed
Resignations: Bart Troubleyn (director) and Philippe Huybrechs (director)Appointments: M.D.R. BV, Barry Collard and Sofie Beernaert · Permanent representative: Matthias De Raeymaeker7 points ▸
- General meeting, 28-08-2023
- Director resignation, Bart Troubleyn (director)
- Director resignation, Philippe Huybrechs (director)
- Director appointment, M.D.R. BV (director)
- Permanent representative, Matthias De Raeymaeker
- Director appointment, Barry Collard (director)
- Director appointment, Sofie Beernaert (director)
30-06
Gazette deed
Appointment: EY bedrijfsrevisoren BV (statutory auditor)Reappointments: M.D.R. BV, Barry Collard and Sofie Beernaert · Permanent representative: Matthias De Raeymaeker7 points ▸
- General meeting, 13-04-2023
- Auditor appointment, EY bedrijfsrevisoren BV (statutory auditor)
- Director reappointment, M.D.R. BV (director)
- Director reappointment, Barry Collard (director)
- Director reappointment, Sofie Beernaert (director)
- Permanent representative, Matthias De Raeymaeker
- Other provision, “alle materies die het bestuursmandaat raken, keuze van woonplaats” (deed in Dutch)
11-04
Gazette deed
Resignation: Patrick Maas (director)Appointment: Bart Troubleyn (director)5 points ▸
- General meeting, 12-01-2022
- Director resignation, Patrick Maas (director)
- Director appointment, Bart Troubleyn (director)
- Board composition, Philippe Huybrechs (director)
- Board composition, Bart Troubleyn (director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11028A0138/00E002 | Flanders | 1.3 ha | - | - |