B JUST
ActiveSummary
B JUST has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43,470 and a net result of €12,723. Equity is growing by ~28.8% per year across the filed fiscal years. Its solvency ranks better than 32% of 2074 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+27
Solvency44▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity short (current ratio 0.63 against 0.2 in 2024; short-term debt: 12.5% and cash: 1.4% of total assets), and 80.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.4%
Return on assets
5.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
57 d late
2023
58 d late
2022
29 d late
2021
23 d late
2020
31 d early
2019
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€43,470▲ 41.4%
2024 · €30,747
Total assets
€223,707▼ 3.1%
2024 · €230,815
Net result
€12,723
2024 · -€4,696
Working capital
-€10,393▲ 62.8%
2024 · -€27,914
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€8,259▼ 88.5%-€95€34,197€2,621▼ 92.3%€23,946▲ 814%
Net result-€2,457below the sector's middle half-€7,354below the sector's middle half▼ 199%€20,779within the sector's middle half-€4,696below the sector's middle half€12,723within the sector's middle half
Equity€22,018within the sector's middle half▼ 10.0%€14,664within the sector's middle half▼ 33.4%€35,443within the sector's middle half▲ 142%€30,747within the sector's middle half▼ 13.3%€43,470within the sector's middle half▲ 41.4%
Total assets€283,307within the sector's middle half▼ 7.0%€277,292within the sector's middle half▼ 2.1%€255,269within the sector's middle half▼ 7.9%€230,815within the sector's middle half▼ 9.6%€223,707within the sector's middle half▼ 3.1%
Debt€261,289▼ 6.8%€262,628▲ 0.5%€219,826▼ 16.3%€200,068▼ 9.0%€180,237▼ 9.9%
Working capital-€40,534below the sector's middle half▼ 2.0%-€45,571below the sector's middle half▼ 12.4%-€27,612below the sector's middle half▲ 39.4%-€27,914below the sector's middle half▼ 1.1%-€10,393below the sector's middle half▲ 62.8%
Solvency7.8%below the sector's middle half▼ 0.3pp5.3%below the sector's middle half▼ 2.5pp13.9%within the sector's middle half▲ 8.6pp13.3%within the sector's middle half▼ 0.6pp19.4%within the sector's middle half▲ 6.1pp
Current ratio0.26below the sector's middle half=0.37below the sector's middle half▲ 0.120.34below the sector's middle half▼ 0.040.20below the sector's middle half▼ 0.140.63below the sector's middle half▲ 0.43
Return on assets (ROA)-0.9%within the sector's middle half▼ 18.3pp-2.7%within the sector's middle half▼ 1.8pp8.1%within the sector's middle half▲ 10.8pp-2.0%below the sector's middle half▼ 10.2pp5.7%within the sector's middle half▲ 7.7pp
Staff (FTE)1
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 814% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €223,707
Fixed assets
€206,162 ▼ 8.0%
Current assets
€17,545 ▲ 159%
Equity and liabilities €223,707
Equity
€43,470 ▲ 41.4%
Debt
€180,237 ▼ 9.9%
Debt's share of the balance-sheet total falls from 86.7% to 80.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37,559▲
2024 · €22,546
Cash flow
€26,337▲
2024 · €15,228
Debt to equity
4.15▼
2024 · 6.51
ROE
29.3%▲
2024 · -15.3%
Interest coverage
5.86▲
2024 · 3.87
Debt ≤ 1 year
€27,938▼
2024 · €34,696
Debt > 1 year
€152,212▼
2024 · €165,372
Income taxes
€4,816▲
2024 · €1,496
Staff costs
€3,957▲
2024 · €565
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 3,818 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,600 | €968 | - | - | - | - |
| Remuneration, social security and pensions62 | €11,990 | €15,559 | €5,772 | €565 | €3,957 | ▲ 601% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,894 | €21,676 | €22,671 | €19,924 | €13,614 | ▼ 31.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €633 | - | - | - | - |
| Other operating charges640/8 | €2,514 | €3,086 | €3,011 | €2,758 | €7,521 | ▲ 173% |
| Non-recurring operating charges66A | - | €450 | €276 | - | - | - |
| Gross operating margin9900 | €44,657 | €41,309 | €65,926 | €25,869 | €49,037 | ▲ 89.6% |
| Operating profit (loss)9901 | €8,259 | -€95 | €34,197 | €2,621 | €23,946 | ▲ 814% |
| Financial income75/76B | - | €3 | - | - | - | - |
| Recurring financial income75 | - | €3 | - | - | - | - |
| Financial charges65/66B | €6,445 | €6,197 | €6,231 | €5,821 | €6,407 | ▲ 10.1% |
| Recurring financial charges65 | €6,445 | €6,197 | €6,231 | €5,821 | €6,407 | ▲ 10.1% |
| Profit (loss) for the period before taxes9903 | €1,813 | -€6,290 | €27,965 | -€3,200 | €17,539 | ▲ 648% |
| Income taxes67/77 | €4,270 | €1,065 | €7,186 | €1,496 | €4,816 | ▲ 222% |
| Profit (loss) for the period9904 | -€2,457 | -€7,354 | €20,779 | -€4,696 | €12,723 | ▲ 371% |
| Profit (loss) for the period to be appropriated9905 | -€2,457 | -€7,354 | €20,779 | -€4,696 | €12,723 | ▲ 371% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €283,307 | €277,292 | €255,269 | €230,815 | €223,707 | ▼ 3.1% |
| Fixed assets21/28 | €269,286 | €250,110 | €241,157 | €224,033 | €206,162 | ▼ 8.0% |
| Intangible fixed assets21 | €1,543 | €752 | - | - | - | - |
| Tangible fixed assets22/27 | €267,743 | €249,358 | €241,157 | €221,233 | €203,362 | ▼ 8.1% |
| Land and buildings22 | €211,324 | €205,474 | €199,624 | €193,774 | €187,924 | ▼ 3.0% |
| Plant, machinery and equipment23 | - | - | €5,087 | €3,973 | €2,858 | ▼ 28.0% |
| Furniture and vehicles24 | €23,779 | €15,089 | €12,107 | €6,412 | €4,145 | ▼ 35.4% |
| Other tangible fixed assets26 | €32,641 | €28,796 | €24,340 | €17,074 | €8,436 | ▼ 50.6% |
| Financial fixed assets28 | - | - | - | €2,800 | €2,800 | = |
| Current assets29/58 | €14,021 | €27,183 | €14,112 | €6,783 | €17,545 | ▲ 159% |
| Amounts receivable within one year40/41 | €12,255 | €23,743 | €13,091 | €5,966 | €14,330 | ▲ 140% |
| Trade receivables40 | €12,255 | €23,743 | €9,008 | €3,592 | €2,974 | ▼ 17.2% |
| Other amounts receivable41 | - | - | €4,082 | €2,374 | €11,356 | ▲ 378% |
| Cash at bank and in hand54/58 | €372 | €104 | €1,022 | €817 | €3,215 | ▲ 294% |
| Deferred charges and accrued income490/1 | €1,394 | €3,336 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €283,307 | €277,292 | €255,269 | €230,815 | €223,707 | ▼ 3.1% |
| Equity10/15 | €22,018 | €14,664 | €35,443 | €30,747 | €43,470 | ▲ 41.4% |
| Contributions10/11 | €4,260 | €4,260 | €4,260 | €4,260 | €4,260 | = |
| Reserves13 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Distributable reserves133 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€2,242 | -€9,596 | €11,183 | €6,487 | €19,210 | ▲ 196% |
| Amounts payable17/49 | €261,289 | €262,628 | €219,826 | €200,068 | €180,237 | ▼ 9.9% |
| Amounts payable after more than one year17 | €206,734 | €187,874 | €178,102 | €165,372 | €152,212 | ▼ 8.0% |
| Financial debts170/4 | €206,734 | €187,874 | €178,102 | €165,372 | €152,212 | ▼ 8.0% |
| Amounts payable within one year42/48 | €54,555 | €72,754 | €41,724 | €34,696 | €27,938 | ▼ 19.5% |
| Current portion of amounts payable after more than one year42 | €20,238 | €18,933 | €18,803 | €12,526 | €13,160 | ▲ 5.1% |
| Financial debts43 | - | €1,894 | - | - | - | - |
| Credit institutions430/8 | - | €1,894 | - | - | - | - |
| Trade debts44 | €5,637 | €16,700 | €5,553 | €18,019 | €7,206 | ▼ 60.0% |
| Suppliers440/4 | €5,637 | €16,700 | €5,553 | €18,019 | €7,206 | ▼ 60.0% |
| Advances received on contracts in progress46 | - | €6,735 | - | - | - | - |
| Taxes, remuneration and social security45 | €25,353 | €23,947 | €17,367 | €4,150 | €7,572 | ▲ 82.4% |
| Taxes450/3 | €22,261 | €4,101 | €17,367 | €4,150 | €7,572 | ▲ 82.4% |
| Remuneration and social security454/9 | €3,092 | €19,846 | - | - | - | - |
| Other amounts payable47/48 | €3,327 | €4,545 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €2,000 | - | - | €88 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,457 | -€7,354 | €20,779 | -€4,696 | €12,723 | ▲ 371% |
| + Depreciation and write-downs630 | €21,894 | €21,676 | €22,671 | €19,924 | €13,614 | ▼ 31.7% |
| Operating cash flow (approximation) | €19,437 | €14,322 | €43,450 | €15,228 | €26,337 | ▲ 73.0% |
| Investment in fixed assets (approximation) | - | -€2,500 | -€13,718 | -€2,800 | €4,257 | ▲ 252% |
| Change in cash | - | -€268 | €918 | -€205 | €2,398 | ▲ 1,269% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Back to profitnet €12,723
Net result €12,723 after one loss-making year.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Back to profitnet €20,779
Net result €20,779 after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €53,249 ▲403%
Operating result €71,760, net result €53,249, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Back to profitnet €10,578
Net result €10,578 after one loss-making year.
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Bastogne · 1 establishment unit since 2003
Ground area
1,785 m²
Building footprint
327 m²
Volume, LiDAR
2,224 m³
2 parcels, Wallonia · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Chaussée de Louvain(BU) 430, 5004 Namur
since 20032.230.693.657
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92021E0054/00A000 | Wallonia | 1,211 m² | 1 · 136 m² | 10.8 m · 2 fl. |
| 82003E1430/00F004 | Wallonia | 574 m² | 1 · 191 m² | 11.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 949 companies in sector 85699 we hold annual accounts for 147. 89 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
85699Other educational support services
88999Other social work without accommodation
Contact
Website
www.b-just.com
E-mail
contact@b-just.com
E-mail
c.burton@b-just.comNamur
Phone
+32492173459Namur
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862535084
Registered
31-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.