Financials
- Fiscal year
- 2025
- Total assets
- €626,238
- Profit
- €91,144
- Solvency
- -3.1%
Total assets▲ 11.5%
Net result
20242025
JUSTART
ActiveSummary
The computed 12-month bankruptcy probability of JUSTART is 3.0% (moderate). The 2025 annual accounts show negative equity (-€19,537) and a net result of €91,144. Its solvency ranks better than 12% of 11293 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Retail sale of bicycles
NACE 47632NACE 47785
2 sites
How big
€626,238total assets 2025
- Staff
- 1 FTE
- Equity
- -€19,537
- Profit
- €91,144
Turnover not published (abridged schema)
Who decides
Accounts filed 28 d late0 of 2 deeds read
Why 51- Latest accounts 28 days late; 1 of the last 3 late- Negative equity -€19,537- Founded in 2023+ Size: 1 FTE, total assets €626,238Show the evidence
Checked score
Score 2025
51
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 52% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
22+17
equity -3.1% of total assets
Liquidity
24+2
short-term debt 58.0% · cash 3.3%
Profitability
83+83
return on assets 14.6%
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
- Latest accounts 28 days late; 1 of the last 3 late raises the probability
- Negative equity -€19,537 raises the probability
- Founded in 2023 raises the probability for this profile
- Size: 1 FTE, total assets €626,238 lowers the probability for this profile
No credit on open account
Liquidity tight (current ratio 1.32 against 1.12 in 2024; short-term debt: 58% and cash: 3.3% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 18%, liquidity 22%, profitability 76%, growth against the median 91%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 11293 sector peers (2025).
NBB · sector comparisonPosition among 11293 sector peers
Solvency
better than 12%
← 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 28-08-2026, 28 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
28 d late
2024
61 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 45 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Back to profitnet €91,144
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 3
- Since
- 2025
- Next accounts
- by 31-07-2027
- 28-08-2026Annual accounts filed
- 31-12-2025Back to profit
- 30-09-2025Annual accounts filed
Company details
- Sites
- 2
- Legal form
- Private limited company
- Activity
- Retail sale of bicyclesNACE 47632
- Founded
- 26-12-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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