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 (-€139,644) and a net result of -€129,811. Its solvency ranks better than 5% of 493 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 Checked 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.
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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 493 sector peers (2025).
NBB · sector comparisonPosition among 493 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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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.
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
-€139,644▼ 1,320%
2024 · -€9,832
Net result
-€129,811▲ 38.1%
2024 · -€209,832
Total assets
€823,787▼ 85.7%
2024 · €5.8m
Solvency
-17.0%▼ 16.8pp
2024 · -0.2%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 66, Activities auxiliary to financial services and insurance activities, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result-€12,324--€84,609▼ 587%
Net result-€209,832below the sector's middle half--€129,811below the sector's middle half▲ 38.1%
Equity-€9,832below the sector's middle half--€139,644below the sector's middle half▼ 1,320%
Total assets€5.8mabove the sector's middle half-€823,787within the sector's middle half▼ 85.7%
Debt€5.8m-€963,431▼ 83.3%
Working capital-€3.1mbelow the sector's middle half-€217,226within the sector's middle half
Solvency-0.2%below the sector's middle half--17.0%below the sector's middle half▼ 16.8pp
Current ratio0.39below the sector's middle half-1.81within the sector's middle half▲ 1.41
Return on assets (ROA)-3.6%below the sector's middle half--15.8%below the sector's middle half▼ 12.1pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €84,609 in 2025 against €12,324 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €823,787
Fixed assets
€338,347 ▼ 90.9%
Current assets
€485,440 ▼ 76.3%
Equity and liabilities
Equity-€139,644
Debt€963,431
Equity is negative: debt (€963,431) exceeds the balance-sheet total (€823,787).
Key figures and ratios
Debt ≤ 1 year
€268,214▼
2024 · €5.2m
Debt > 1 year
€583,597▲
2024 · €500,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €4.5m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €136,735 | - |
| Other operating charges640/8 | €1,000 | €734 | ▼ 26.6% |
| Non-recurring operating charges66A | - | €4.5m | - |
| Gross operating margin9900 | -€11,324 | €4.5m | ▲ 39,876% |
| Operating profit (loss)9901 | -€12,324 | -€84,609 | ▼ 587% |
| Financial income75/76B | €27,181 | €18,811 | ▼ 30.8% |
| Recurring financial income75 | €27,181 | €18,811 | ▼ 30.8% |
| Financial charges65/66B | €224,689 | €64,013 | ▼ 71.5% |
| Recurring financial charges65 | €224,689 | €64,013 | ▼ 71.5% |
| Profit (loss) for the period before taxes9903 | -€209,832 | -€129,811 | ▲ 38.1% |
| Profit (loss) for the period9904 | -€209,832 | -€129,811 | ▲ 38.1% |
| Profit (loss) for the period to be appropriated9905 | -€209,832 | -€129,811 | ▲ 38.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €5.8m | €823,787 | ▼ 85.7% |
| Fixed assets21/28 | €3.7m | €338,347 | ▼ 90.9% |
| Tangible fixed assets22/27 | €3.7m | €338,347 | ▼ 90.9% |
| Leasing and similar rights25 | - | €112,464 | - |
| Other tangible fixed assets26 | - | €225,883 | - |
| Assets under construction and advance payments27 | €3.7m | €0 | ▼ 100% |
| Current assets29/58 | €2.0m | €485,440 | ▼ 76.3% |
| Amounts receivable within one year40/41 | €1.8m | €467,428 | ▼ 74.0% |
| Trade receivables40 | - | €216,432 | - |
| Other amounts receivable41 | €1.8m | €250,996 | ▼ 86.0% |
| Cash at bank and in hand54/58 | €240,929 | €1,088 | ▼ 99.5% |
| Deferred charges and accrued income490/1 | €4,697 | €16,924 | ▲ 260% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €5.8m | €823,787 | ▼ 85.7% |
| Equity10/15 | -€9,832 | -€139,644 | ▼ 1,320% |
| Contributions10/11 | €200,000 | €200,000 | = |
| Capital10 | €200,000 | €200,000 | = |
| Issued capital100 | €200,000 | €200,000 | = |
| Profit (loss) carried forward14 | -€209,832 | -€339,644 | ▼ 61.9% |
| Amounts payable17/49 | €5.8m | €963,431 | ▼ 83.3% |
| Amounts payable after more than one year17 | €500,000 | €583,597 | ▲ 16.7% |
| Financial debts170/4 | €500,000 | €583,597 | ▲ 16.7% |
| Amounts payable within one year42/48 | €5.2m | €268,214 | ▼ 94.8% |
| Current portion of amounts payable after more than one year42 | - | €22,681 | - |
| Financial debts43 | €4.7m | €0 | ▼ 100% |
| Credit institutions430/8 | €4.7m | €0 | ▼ 100% |
| Trade debts44 | €155,984 | €48,474 | ▼ 68.9% |
| Suppliers440/4 | €155,984 | €48,474 | ▼ 68.9% |
| Taxes, remuneration and social security45 | €159,769 | €197,059 | ▲ 23.3% |
| Taxes450/3 | €159,769 | €197,059 | ▲ 23.3% |
| Other amounts payable47/48 | €205,000 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €89,369 | €111,620 | ▲ 24.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€209,832 | -€129,811 | ▲ 38.1% |
| + Depreciation and write-downs630 | - | €136,735 | - |
| Operating cash flow (approximation) | -€209,832 | €6,924 | ▲ 103% |
| Investment in fixed assets (approximation) | - | €3.2m | - |
| Change in cash | - | -€239,841 | - |
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 €5.2m to €268,214.
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
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
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.
Mandate history
2 people since 2026, 1 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Olivier ESQUENET |
|
| CONTENT |
|
Articles of association
Board rule
Bestuursorgaan, 2
Other statement
2 provisions in the deed
Structure & network
Owners and holdings
1 ownerChain of control
- CONTENT
- JUST 14
Highest known parent: CONTENT. The sources do not say who stands above it.
Owners 1
- CONTENTparentSourceact 10-09-2026100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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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 this sector we hold annual accounts for 365. See the whole sector
Company details
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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0798842906
Registered
03-12-2025
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.