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Just Splendid

Active
Private limited companyfounded 20224 yrs activeLanceloot Blondeellaan 11, 8380 Brugge, BelgiumKBO/BCE: BE 0788.517.651
Summary

The computed 12-month bankruptcy probability of Just Splendid is 2.0% (moderate). The 2024 annual accounts show negative equity (-€172,973) and a net result of -€83,043. Its solvency ranks better than 5% of 8109 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

Score 2024
Axes · tick = 2023
Profitability12▼-5
Solvency12▼-6
Growth58
Track record86
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.2 against 0.2 in 2023; short-term debt: 10.1% and cash: 0.1% of total assets), and equity is negative.
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Signals

Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-13.1%
Return on assets
-6.3%
Age of the figures
21 mo
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
2324
2023 to 2024 · latest year -€172,973
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2026, 357 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
357 d late
2023
722 d late
← 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 540 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
UBO non-compliance

History

On 12 July 2022, Just Splendid was incorporated as a Private limited company.1 Jan Coene has served as director of the company since 2024.2 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 22-05-2026
  3. 3National Bank, annual accounts 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
-€172,973▼ 92.3%
2023 · -€89,930
Total assets
€1.3m▼ 3.3%
2023 · €1.4m
Net result
-€83,043▲ 45.2%
2023 · -€151,430
Working capital
-€106,852▼ 0.5%
2023 · -€106,358
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 70, Activities of head offices; management consultancy 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
Line20232024
Operating result-€90,054--€39,686▲ 55.9%
Net result-€151,430below the sector's middle half--€83,043below the sector's middle half▲ 45.2%
Equity-€89,930below the sector's middle half--€172,973below the sector's middle half▼ 92.3%
Total assets€1.4mwithin the sector's middle half-€1.3mwithin the sector's middle half▼ 3.3%
Debt€1.5m-€1.5m▲ 2.6%
Working capital-€106,358below the sector's middle half--€106,852below the sector's middle half▼ 0.5%
Solvency-6.6%below the sector's middle half--13.1%below the sector's middle half▼ 6.5pp
Current ratio0.20below the sector's middle half-0.20below the sector's middle half=
Return on assets (ROA)-11.1%below the sector's middle half--6.3%below the sector's middle half▲ 4.8pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000-€150,000-€100,000-€50,000€0Operating result 2023: -€90,054-€90,054Net result 2023: -€151,430-€151,430Operating result 2024: -€39,686-€39,686Net result 2024: -€83,043-€83,04320232024-€200,000-€150,000-€100,000-€50,000€0Operating result 2023: -€90,054-€90,100Net result 2023: -€151,430-€151,000Operating result 2024: -€39,686-€39,700Net result 2024: -€83,043-€83,00020232024
The operating result stays negative: a loss of €39,686 in 2024 against €90,054 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets €1.3m ▼ 3.3%
Current assets €26,262 ▼ 0.8%
Equity and liabilities
Equity-€172,973
Debt€1.5m
Equity is negative: debt (€1.5m) exceeds the balance-sheet total (€1.3m).
Key figures and ratios
2024 value · change against 2023
EBITDA
€5,522▼
2023 · €86,113
Cash flow
-€37,835▼
2023 · €24,737
Interest coverage
0.13▼
2023 · 1.40
Debt ≤ 1 year
€133,114▲
2023 · €132,824
Debt > 1 year
€1.3m▲
2023 · €1.3m
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,251 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.

  • Small
  • 2 to 5 years old
  • negative equity
  • a small loss
1.0% went bankrupt
2.2% stopped otherwise
97% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,251 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.4m€1.3m▼
Formation expenses20€1,396€1,000▼
Fixed assets21/28€1.3m€1.3m▼
Tangible fixed assets22/27€1.3m€1.3m▼
Land and buildings22€1.3m€1.3m▼
Furniture and vehicles24€21,860€19,860▼
Current assets29/58€26,466€26,262▼
Amounts receivable within one year40/41€25,500€25,500=
Trade receivables40€25,500€25,500=
Cash at bank and in hand54/58€966€762▼
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.3m▼
Equity10/15-€89,930-€172,973▼
Contributions10/11€61,500€61,500=
Profit (loss) carried forward14-€151,430-€234,473▼
Amounts payable17/49€1.5m€1.5m▲
Amounts payable after more than one year17€1.3m€1.3m▲
Financial debts170/4€1.0m€964,760▼
Other amounts payable178/9€284,400€380,700▲
Amounts payable within one year42/48€132,824€133,114▲
Current portion of amounts payable after more than one year42€63,312€65,614▲
Trade debts44€2,012-
Suppliers440/4€2,012-
Other amounts payable47/48€67,500€67,500=
Accrued charges and deferred income492/3€8,871€15,525▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€176,167€45,208▼
Other operating charges640/8€2,516€3,639▲
Gross operating margin9900€88,629€9,161▼
Operating profit (loss)9901-€90,054-€39,686▲
Financial charges65/66B€61,376€43,357▼
Recurring financial charges65€61,376€43,357▼
Profit (loss) for the period before taxes9903-€151,430-€83,043▲
Profit (loss) for the period9904-€151,430-€83,043▲
Profit (loss) for the period to be appropriated9905-€151,430-€83,043▲
Appropriation of the result
Profit (loss) to be appropriated9906-€151,430-€234,473▼
Profit (loss) brought forward from the previous period14P--€151,430

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€176,167€45,208▼ 74.3%
Other operating charges640/8€2,516€3,639▲ 44.6%
Gross operating margin9900€88,629€9,161▼ 89.7%
Operating profit (loss)9901-€90,054-€39,686▲ 55.9%
Financial charges65/66B€61,376€43,357▼ 29.4%
Recurring financial charges65€61,376€43,357▼ 29.4%
Profit (loss) for the period before taxes9903-€151,430-€83,043▲ 45.2%
Profit (loss) for the period9904-€151,430-€83,043▲ 45.2%
Profit (loss) for the period to be appropriated9905-€151,430-€83,043▲ 45.2%
Line20232024Change
Assets
Total assets20/58€1.4m€1.3m▼ 3.3%
Formation expenses20€1,396€1,000▼ 28.4%
Fixed assets21/28€1.3m€1.3m▼ 3.3%
Tangible fixed assets22/27€1.3m€1.3m▼ 3.3%
Land and buildings22€1.3m€1.3m▼ 3.3%
Furniture and vehicles24€21,860€19,860▼ 9.1%
Current assets29/58€26,466€26,262▼ 0.8%
Amounts receivable within one year40/41€25,500€25,500=
Trade receivables40€25,500€25,500=
Cash at bank and in hand54/58€966€762▼ 21.2%
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.3m▼ 3.3%
Equity10/15-€89,930-€172,973▼ 92.3%
Contributions10/11€61,500€61,500=
Profit (loss) carried forward14-€151,430-€234,473▼ 54.8%
Amounts payable17/49€1.5m€1.5m▲ 2.6%
Amounts payable after more than one year17€1.3m€1.3m▲ 2.3%
Financial debts170/4€1.0m€964,760▼ 6.4%
Other amounts payable178/9€284,400€380,700▲ 33.9%
Amounts payable within one year42/48€132,824€133,114▲ 0.2%
Current portion of amounts payable after more than one year42€63,312€65,614▲ 3.6%
Trade debts44€2,012--
Suppliers440/4€2,012--
Other amounts payable47/48€67,500€67,500=
Accrued charges and deferred income492/3€8,871€15,525▲ 75.0%
Line20232024Change
Profit (loss) for the period9904-€151,430-€83,043▲ 45.2%
+ Depreciation and write-downs630€176,167€45,208▼ 74.3%
Operating cash flow (approximation)€24,737-€37,835▼ 253%
Investment in fixed assets (approximation)--€396-
Change in cash--€205-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
23-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 357 days late
23-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 722 days late
22-05
State Gazette act Resignations: Joop Roijakkers (director) and Small & Medium Enterprises Rotterdam BV (director)
Appointments: Jan Coene (director) and Small & Medium Enterprises Rotterdam BV (director) · Permanent representative: Jan Coene7 facts ▸
  • General meeting, 09-04-2024
  • Director resignation, Joop Roijakkers (director)
  • Director appointment, Jan Coene (director)
  • General meeting, 09-10-2024
  • Director resignation, Small & Medium Enterprises Rotterdam BV (director)
  • Director appointment, Small & Medium Enterprises Rotterdam BV (director)
  • Permanent representative, Jan Coene (permanent representative)
2024
18-11
KBO administration UBO non-compliance
event 04-11-2024
SignalState Gazette actNBB filing
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has 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
Jan Coene
Director · since 09-04-2024
Current
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
1 of this company's 2 Belgian State Gazette acts has 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, Brugge · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
1.2 ha
Building footprint
1,805 m²
Volume, LiDAR
10,017 m³
Parcel 31812P0302/00C000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
13 companies at this address See who is registered here
1 establishment unit
Just Splendid
Lanceloot Blondeellaan 11, 8380 BruggeRenting and operating of own or leased residential real estate, excluding social housing
since 20222.334.516.321
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31812P0302/00C000 Flanders 1.2 ha 1 · 1,805 m² 7.3 m · 2 fl.
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

3 people since 2024, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Jan Coene
  • Director, from 09-04-2024 to date
Joop Roijakkers
  • Director, until 22-05-2026
Small & Medium Enterprises Rotterdam BV
  • Director, from 09-10-2024 to 22-05-2026
See the board, name and seat on a given date →

Structure & network

Connections & network

2 connected companies
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Duinresidentie
via Jan Coene · Director
former→
Kolibri
via Jan Coene · Director
former→

Ownership & control

1 board mandate
Board mandates of this companythis company sits on their board1
1 location

Similar companies · same sector and region

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 5,710 companies in this sector we hold annual accounts for 3,521. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded12-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
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
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0788517651
Also 9925:BE0788517651

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.