Losses
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Of this, €9,842 falls due within a year.
Lower net result than 87% of companies in retail trade. Sector median €5,067 · 22,842 companies.
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
The dashed line is the sector median: 0.6% across 40,273 companies (NACE 47, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 19% of them on solvency, 56% on liquidity, 20% on profitability and 7% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
In July 2024, 819 companies had the same profile as UNITY has now. Each dot stands for 3 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of UNITY itself: 0.9% within 12 months.
The method was tested on the 497,447 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 819 companies, not a prediction for UNITY. 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.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 39.81 (32.14 in 2024), above the usual 1.5. Short-term debt is 1.5% and cash 1.5% of total assets. However, 99.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 6 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| UNITY Beersel | €0.7m | €1,155 | 0.5% | - |
| JURIC Gerpinnes | €0.7m | -€26,774 | 4.6% | - |
| CATLION Anderlecht | €0.4m | -€124,221 | -450.5% | - |
| SUPLEMINT Lasne | €0.7m | -€65,533 | 19.7% | 2.1 |
| SHOPEASYLIFE Beveren-Kruibeke-Zwijndrecht | €0.6m | €293 | 50.5% | - |
| OH Concept Nivelles | €1.0m | -€2,283 | 18.1% | - |
| CBX MEDICAL Charleroi | €1.1m | -€14,483 | 73.0% | - |
These companies have the same main activity as UNITY: other non-specialised retail sale (NACE 47120). They are comparable in size and age: total assets between €445,000 and €1.1m, founded between 2017 and 2020.
UNITY files the micro format. That format states no turnover. The gross margin fell from €6,589 in 2020 to €1,155 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €13,000. Estimated: probably between €6,000 and €26,000.
Higher than 23% of 22,859 companies in 2025.
Higher than 95% of 21,993 companies in 2025.
Higher than 27% of 22,143 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
Total assets20/58 |
656,521 | 679,451 | 630,811 | 545,568 | 462,864 | 425,641 | |
Fixed assets21/28 |
264,707 | 280,414 | 295,518 | 259,429 | 271,336 | 283,491 | |
Tangible fixed assets22/27 |
259,607 | 275,314 | 290,418 | 259,429 | 271,336 | 283,491 | |
Land and buildings22 |
221,654 | 231,509 | 241,364 | 251,218 | 261,073 | 270,928 | |
Plant, machinery and equipment23 |
336 | 375 | 1,899 | 4,101 | 6,303 | 8,505 | |
Furniture and vehicles24 |
3,957 | 4,809 | 3,572 | 4,110 | 3,960 | 4,058 | |
Other tangible fixed assets26 |
33,659 | 38,621 | 43,583 | - | - | - | |
Financial fixed assets28 |
5,100 | 5,100 | 5,100 | - | - | - | |
Current assets29/58 |
391,815 | 399,036 | 335,293 | 286,138 | 191,527 | 142,150 | |
Stocks and contracts in progress3 |
380,108 | 382,453 | 299,146 | 263,151 | 172,646 | 123,675 | |
Stocks30/36 |
380,108 | 382,453 | 299,146 | 263,151 | 172,646 | 123,675 | |
Amounts receivable within one year40/41 |
182 | 1,037 | 934 | 2,282 | 792 | 526 | |
Trade receivables40 |
- | - | 910 | 254 | 88 | 207 | |
Other amounts receivable41 |
182 | 1,037 | 24 | 2,028 | 705 | 319 | |
Cash at bank and in hand54/58 |
9,575 | 13,515 | 32,528 | 19,203 | 16,559 | 17,706 | |
Deferred charges and accrued income490/1 |
1,949 | 2,032 | 2,685 | 1,502 | 1,530 | 243 | |
| Balance sheet: equity and liabilities | |||||||
Total equity and liabilities10/49 |
656,521 | 679,451 | 630,811 | 545,568 | 462,864 | 425,641 | |
Equity10/15 |
3,468 | 21,331 | 34,028 | 11,977 | 2,286 | 6,570 | |
Contributions10/11 |
45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | |
Profit (loss) carried forward14 |
-41,532 | -23,669 | -10,972 | -33,023 | -42,714 | -38,430 | |
Amounts payable17/49 |
653,053 | 658,120 | 596,783 | 533,591 | 460,578 | 419,071 | |
Amounts payable after more than one year17 |
643,211 | 645,706 | - | - | - | - | |
Other amounts payable178/9 |
643,211 | 645,706 | - | - | - | - | |
Amounts payable within one year42/48 |
9,842 | 12,415 | 596,783 | 533,591 | 460,578 | 419,071 | |
Trade debts44 |
2,788 | 2,846 | 2,515 | 6,203 | 4,401 | 2,361 | |
Suppliers440/4 |
2,788 | 2,846 | 2,515 | 6,203 | 4,401 | 2,361 | |
Taxes, remuneration and social security45 |
7,054 | 9,568 | 10,645 | 6,470 | 3,611 | 3,773 | |
Taxes450/3 |
7,054 | 9,568 | 10,645 | 6,470 | 3,611 | 3,773 | |
Other amounts payable47/48 |
- | - | 583,623 | 520,917 | 452,566 | 412,938 | |
| Income statement | |||||||
Gross operating margin9900 |
1,155 | 6,818 | 38,823 | 25,279 | 9,740 | 6,589 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
16,659 | 17,850 | 15,543 | 13,236 | 12,980 | 29,914 | |
Other operating charges640/8 |
1,337 | 1,525 | 1,205 | 2,416 | 1,029 | 14,773 | |
Operating profit (loss)9901 |
-16,841 | -12,557 | 22,075 | 9,627 | -4,270 | -38,098 | |
Financial income75/76B |
- | 39 | 89 | 182 | 131 | 36 | |
Recurring financial income75 |
- | 39 | 89 | 182 | 131 | 36 | |
Financial charges65/66B |
1,022 | 179 | 113 | 118 | 145 | 369 | |
Recurring financial charges65 |
1,022 | 179 | 113 | 118 | 145 | 369 | |
Profit (loss) for the period before taxes9903 |
-17,863 | -12,697 | 22,051 | 9,691 | -4,284 | -38,430 | |
Profit (loss) for the period9904 |
-17,863 | -12,697 | 22,051 | 9,691 | -4,284 | -38,430 | |
Profit (loss) for the period to be appropriated9905 |
-17,863 | -12,697 | 22,051 | 9,691 | -4,284 | -38,430 | |
| Appropriation of the result | |||||||
Profit (loss) to be appropriated9906 |
-41,532 | -23,669 | -10,972 | -33,023 | -42,714 | -38,430 | |
Profit (loss) brought forward from the previous period14P |
-23,669 | -10,972 | -33,023 | -42,714 | -38,430 | - | |
| Document | |||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 13-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 13-06-2026 | 2026-00158410 | |
| 31-12-2024 | micro format | 08-07-2025 | 2025-00244989 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00333337 | |
| 31-12-2022 | micro format | 30-07-2023 | 2023-00311557 | |
| 31-12-2021 | micro format | 15-10-2022 | 2022-20467187 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-65100511 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| EBITDA | -182 | 5,293 | 37,619 | 22,863 | 8,710 | -8,184 | |
| Cash flow | -1,204 | 5,153 | 37,594 | 22,927 | 8,696 | -8,517 | |
| Investment in fixed assets | 951 | 2,746 | 51,633 | 1,329 | 826 | 313,404 | |
| Change in cash | -3,940 | -19,013 | 13,326 | 2,644 | -1,147 | - | |
| Working capital | 381,973 | 386,622 | -261,491 | -247,452 | -269,051 | -276,921 | |
| Solvency | 0.5% | 3.1% | 5.4% | 2.2% | 0.5% | 1.5% | |
| Current ratio | 39.81 | 32.14 | 0.56 | 0.54 | 0.42 | 0.34 | |
| Quick ratio | 1.19 | 1.34 | 0.06 | 0.04 | 0.04 | 0.04 | |
| Debt to equity | - | 30.85 | 17.54 | 44.55 | - | 63.79 | |
| ROE | -515.1% | -59.5% | 64.8% | 80.9% | -187.4% | -585.0% | |
| ROA | -2.7% | -1.9% | 3.5% | 1.8% | -0.9% | -9.0% | |
| Interest coverage | -0.18 | 29.61 | over 100 | over 100 | 60.15 | - |
A ratio outside any meaningful range has been withheld (balance sheet total €656,521, equity €3,468).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €951 | €2,746 | €46,533 | €1,329 | €826 |
| Financial fixed assets | - | - | €5,100 | - | - |
| Depreciation and write-downs of the year | €16,659 | €17,850 | €15,543 | €13,236 | €12,980 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €16,841, larger than the loss of €12,557 in 2024. It is the lowest result since 2020.
Debt's share of the balance-sheet total rises from 96.9% to 99.5%. Equity and debt are lower.
UNITY has no parent and no holdings in its annual accounts. DE BOCK Carine René Gabrielle Marie is the only director. UNITY shares no director with another company.
| NERING'S HORSES
registered office since 06-01-2023 |
founded in 2023 0795.829.174 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Nering 10 registered office 1650 Beersel | 21-02-2019 | 2.286.641.178 |
| Wolfabriekplein 2 1651 Beersel | 10-03-2020 | 2.300.125.762 |
| SARTORIAL CORNER Darwinstraat 40, 1050 Ixelles | 01-05-2023 | 2.344.667.172 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23046C0370/00V003 | Flanders | 2,007 m² | 1 · 678 m² | 15.0 m · 5 |
| 21447B0309/00X006 | Brussels | 281 m² | 1 · 202 m² | 27.7 m · 8 |
| 23003C0055/00C000 | Flanders | 178 m² | 1 · 133 m² | 9.2 m · 2 |
If something looks wrong or is missing, please tell us.