The central theme of the paper is the knowledge potential issues in a context of transformation for selected CEE country. The choice of this theme is motivated by the importance of increasing divergence among net substantive value and market value of enterprises during last decades. The gap is fulfilled by intellectual capital and the crucial task is how to measure its value creation. We defined suitable model based on non-overlapping data for period 1993 – 2005. Particularly, the aim of this paper is to provide business performance analysis of random sample of companies via Value Added Intellectual Coefficient - VAIC™.