JUST 14
ActiveSummary
JUST 14 is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (€-140k) and a net result of €-130k. Its solvency ranks better than 5% of 492 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 492 sector peers (2025).
NBB · sector comparisonPosition among 492 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 2 filingsDeviation from the deadline
2025
31 d late
2024
13 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€-140k▼ 1,320%
2024 · €-10k
2024: €-10k
2025: €-140k▼ -1320% vs 2024
2024 → 2025
Net result
€-130k▲ 38.1%
2024 · €-210k
2024: €-210k
2025: €-130k▲ +38.1% vs 2024
2024 → 2025
Total assets
€824k▼ 85.7%
2024 · €5.76M
2024: €5.76M
2025: €824k▼ -85.7% vs 2024
2024 → 2025
Solvency
-17.0%▼ 16.8pp
2024 · -0.2%
2024: -0.2%
2025: -17.0%▼ -9822% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€-10k-€-140k▼ 1,320%
2024: €-10k
2025: €-140k▼ -1320% vs 2024
Operating result€-12k-€-85k▼ 587%
2024: €-12k
2025: €-85k▼ -587% vs 2024
Net result€-210k-€-130k▲ 38.1%
2024: €-210k
2025: €-130k▲ +38.1% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €85k in 2025 against €12k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €824k
Fixed assets
€338k ▼ 90.9%
Current assets
€485k ▼ 76.3%
Key figures and ratios
ROA
-15.8%▼
2024 · -3.6%
Debt
€963k▼
2024 · €5.76M
Debt ≤ 1 year
€268k▼
2024 · €5.18M
Debt > 1 year
€584k▲
2024 · €500k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.76M€824k▼
Fixed assets21/28€3.71M€338k▼
Tangible fixed assets22/27€3.71M€338k▼
Leasing and similar rights25-€112k
Other tangible fixed assets26-€226k
Assets under construction and advance payments27€3.71M€0▼
Current assets29/58€2.04M€485k▼
Amounts receivable within one year40/41€1.80M€467k▼
Trade receivables40-€216k
Other amounts receivable41€1.80M€251k▼
Cash at bank and in hand54/58€241k€1k▼
Deferred charges and accrued income490/1€5k€17k▲
Equity and liabilities
Total equity and liabilities10/49€5.76M€824k▼
Equity10/15€-10k€-140k▼
Contributions10/11€200k€200k=
Capital10€200k€200k=
Issued capital100€200k€200k=
Profit (loss) carried forward14€-210k€-340k▼
Amounts payable17/49€5.76M€963k▼
Amounts payable after more than one year17€500k€584k▲
Financial debts170/4€500k€584k▲
Amounts payable within one year42/48€5.18M€268k▼
Current portion of amounts payable after more than one year42-€23k
Financial debts43€4.65M€0▼
Credit institutions430/8€4.65M€0▼
Trade debts44€156k€48k▼
Suppliers440/4€156k€48k▼
Taxes, remuneration and social security45€160k€197k▲
Taxes450/3€160k€197k▲
Other amounts payable47/48€205k€0▼
Accrued charges and deferred income492/3€89k€112k▲
Income statement
Code20242025
Non-recurring operating income76A-€4.48M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€137k
Other operating charges640/8€1k€734▼
Non-recurring operating charges66A-€4.45M
Gross operating margin9900€-11k€4.50M▲
Operating profit (loss)9901€-12k€-85k▼
Financial income75/76B€27k€19k▼
Recurring financial income75€27k€19k▼
Financial charges65/66B€225k€64k▼
Recurring financial charges65€225k€64k▼
Profit (loss) for the period before taxes9903€-210k€-130k▲
Profit (loss) for the period9904€-210k€-130k▲
Profit (loss) for the period to be appropriated9905€-210k€-130k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-210k€-340k▼
Profit (loss) brought forward from the previous period14P-€-210k
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €4.48M | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €137k | - |
| Other operating charges640/8 | €1k | €734 | ▼ 26.6% |
| Non-recurring operating charges66A | - | €4.45M | - |
| Gross operating margin9900 | €-11k | €4.50M | ▲ 39,876% |
| Operating profit (loss)9901 | €-12k | €-85k | ▼ 587% |
| Financial income75/76B | €27k | €19k | ▼ 30.8% |
| Recurring financial income75 | €27k | €19k | ▼ 30.8% |
| Financial charges65/66B | €225k | €64k | ▼ 71.5% |
| Recurring financial charges65 | €225k | €64k | ▼ 71.5% |
| Profit (loss) for the period before taxes9903 | €-210k | €-130k | ▲ 38.1% |
| Profit (loss) for the period9904 | €-210k | €-130k | ▲ 38.1% |
| Profit (loss) for the period to be appropriated9905 | €-210k | €-130k | ▲ 38.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €5.76M | €824k | ▼ 85.7% |
| Fixed assets21/28 | €3.71M | €338k | ▼ 90.9% |
| Tangible fixed assets22/27 | €3.71M | €338k | ▼ 90.9% |
| Leasing and similar rights25 | - | €112k | - |
| Other tangible fixed assets26 | - | €226k | - |
| Assets under construction and advance payments27 | €3.71M | €0 | ▼ 100% |
| Current assets29/58 | €2.04M | €485k | ▼ 76.3% |
| Amounts receivable within one year40/41 | €1.80M | €467k | ▼ 74.0% |
| Trade receivables40 | - | €216k | - |
| Other amounts receivable41 | €1.80M | €251k | ▼ 86.0% |
| Cash at bank and in hand54/58 | €241k | €1k | ▼ 99.5% |
| Deferred charges and accrued income490/1 | €5k | €17k | ▲ 260% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €5.76M | €824k | ▼ 85.7% |
| Equity10/15 | €-10k | €-140k | ▼ 1,320% |
| Contributions10/11 | €200k | €200k | = |
| Capital10 | €200k | €200k | = |
| Issued capital100 | €200k | €200k | = |
| Profit (loss) carried forward14 | €-210k | €-340k | ▼ 61.9% |
| Amounts payable17/49 | €5.76M | €963k | ▼ 83.3% |
| Amounts payable after more than one year17 | €500k | €584k | ▲ 16.7% |
| Financial debts170/4 | €500k | €584k | ▲ 16.7% |
| Amounts payable within one year42/48 | €5.18M | €268k | ▼ 94.8% |
| Current portion of amounts payable after more than one year42 | - | €23k | - |
| Financial debts43 | €4.65M | €0 | ▼ 100% |
| Credit institutions430/8 | €4.65M | €0 | ▼ 100% |
| Trade debts44 | €156k | €48k | ▼ 68.9% |
| Suppliers440/4 | €156k | €48k | ▼ 68.9% |
| Taxes, remuneration and social security45 | €160k | €197k | ▲ 23.3% |
| Taxes450/3 | €160k | €197k | ▲ 23.3% |
| Other amounts payable47/48 | €205k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €89k | €112k | ▲ 24.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-210k | €-130k | ▲ 38.1% |
| + Depreciation and write-downs630 | - | €137k | - |
| Operating cash flow (approximation) | €-210k | €7k | ▲ 103% |
| Investment in fixed assets (approximation) | - | €3.24M | - |
| Change in cash | - | €-240k | - |
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
10-09
State Gazette act
Resignation: CONTENT BV (director and managing director)Permanent representatives: Stijn LANGERAERT and Julien ESQUENET · Appointment: Olivier ESQUENET (director) · Power of attorney7 facts ▸
State Gazette act
Resignation: CONTENT BV (director and managing director)
Permanent representatives: Stijn LANGERAERT and Julien ESQUENET · Appointment: Olivier ESQUENET (director) · Power of attorney7 facts ▸
- General meeting, 20-08-2026
- Director resignation, CONTENT BV (director and managing director)
- Permanent representative, Stijn LANGERAERT (permanent representative)
- Director appointment, Olivier ESQUENET (director)
- Power of attorney, FLAMEE & PARTNERS ACCOUNTANTS & BELASTINGCONSULENTEN
- Permanent representative, Julien ESQUENET (permanent representative)
- Shareholding, 20-08-2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Liquidity times 5current ratio 1.81
Current ratio from 0.39 to 1.81; short-term debt falls from €5.18M to €268k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Olivier ESQUENET
CurrentDirector · since 10-09-2026
10-09-2026
Olivier ESQUENET: Appointed as Director
14-07-2026
CONTENT: Resigned as Director and managing director
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Lendelede · 1 establishment unit since 2023
Ground area
7,255 m²
Building footprint
2,161 m²
Parcel 34025C0335/00T003, Flanders. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
JUST 14
since 20232.344.606.794
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34025C0335/00T003 | Flanders | 7,255 m² | 1 · 2,161 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Other provisions of the articles (3)
- Board rule: bestuursorgaan, 2
- Other statement (2)
Structure & network
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 10-09-2026 ↗
- CONTENT BV (BE 0477.499.920) all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 591 companies in sector 66300 we hold annual accounts for 365. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
66300Activities auxiliary to financial services and insurance activities
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.