JUSTBITE

Active

Private limited companyfounded 20206 yrs activePaulatemstraat(Beerl) 59B, 9630 Zwalm, BelgiumKBO/BCE: BE 0742.811.152

The computed 12-month bankruptcy probability of JUSTBITE is 1.7% (moderate). The 2024 annual accounts show equity of €288k and a net result of €143k. Equity is growing by ~50.8% per year across the filed fiscal years. Its solvency ranks better than 50% of 9622 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

72 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability92▲+1

Solvency63▲+10

Growth78=

Track record100

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €20k at 30 days acceptable

Liquidity ample (current ratio 1.87 against 1.92 in 2023; short-term debt: 52.8% and cash: 34.2% of total assets), but 61.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-05-2025, 72 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

72 d early

2023

79 d early

2022

32 d early

2021

44 d early

2020

2 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€288k▲ 95.0%

2023 · €148k

2020: €62k 2021: €86k 2022: €54k 2023: €148k

2020 → 2024

Total assets

€756k▲ 44.3%

2023 · €524k

2020: €323k 2021: €393k 2022: €422k 2023: €524k

2020 → 2024

Net result

€143k▲ 52.3%

2023 · €94k

2020: €57k 2021: €-152k 2022: €-92k 2023: €94k

2020 → 2024

Working capital

€346k▲ 41.4%

2023 · €245k

2020: €144k 2021: €126k 2022: €209k 2023: €245k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€62k-€86k▲ 37.8%€54k▼ 37.2%€148k▲ 174%€288k▲ 95.0%

Operating result€74k-€-141k€-80k▲ 43.2%€102k€160k▲ 56.5%

Net result€57k-€-152k€-92k▲ 39.4%€94k€143k▲ 52.3%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2021 the operating result has climbed three years in a row; 2024 is 57% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €756k

98.6%

Fixed assets €11k▼ 13.7%

Current assets €746k▲ 45.7%

Equity and liabilities €756k

38.1%

61.9%

Equity €288k▲ 95.0%

Debt €468k▲ 24.4%

The debt ratio falls from 71.8% to 61.9%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€164k▲

2023 · €107k

Cash flow

€147k▲

2023 · €98k

Solvency

38.1%▲

2023 · 28.2%

Current ratio

1.87▼

2023 · 1.92

Quick ratio

1.28▼

2023 · 1.28

Debt / equity

1.63▼

2023 · 2.55

ROE

49.6%▼

2023 · 63.5%

ROA

18.9%▲

2023 · 17.9%

Interest coverage

17.64▲

2023 · 13.09

Debt

€468k▲

2023 · €376k

Debt ≤ 1 year

€399k▲

2023 · €267k

Debt > 1 year

€60k▼

2023 · €110k

Income taxes

€8k▲

2023 · €239

Staff costs

€100k▲

2023 · €83k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€524k€756k▲

Fixed assets21/28€12k€11k▼

Intangible fixed assets21€2k€226▼

Tangible fixed assets22/27€6k€6k▼

Plant, machinery and equipment23€3k€3k▲

Other tangible fixed assets26€3k€3k▼

Financial fixed assets28€4k€4k=

Current assets29/58€512k€746k▲

Stocks and contracts in progress3€170k€234k▲

Stocks30/36€170k€234k▲

Amounts receivable within one year40/41€204k€250k▲

Trade receivables40€193k€218k▲

Other amounts receivable41€10k€32k▲

Cash at bank and in hand54/58€138k€259k▲

Deferred charges and accrued income490/1€506€3k▲

Equity and liabilities

Total equity and liabilities10/49€524k€756k▲

Equity10/15€148k€288k▲

Contributions10/11€240k€240k=

Reserves13€57k€48k▼

Distributable reserves133€57k€48k▼

Profit (loss) carried forward14€-150k€0▲

Amounts payable17/49€376k€468k▲

Amounts payable after more than one year17€110k€60k▼

Financial debts170/4€110k€60k▼

Amounts payable within one year42/48€267k€399k▲

Current portion of amounts payable after more than one year42€50k€50k▲

Trade debts44€203k€323k▲

Suppliers440/4€203k€323k▲

Taxes, remuneration and social security45€12k€23k▲

Taxes450/3€3k€12k▲

Remuneration and social security454/9€9k€12k▲

Other amounts payable47/48€2k€3k▲

Accrued charges and deferred income492/3€0€10k▲

Income statement Code20232024

Remuneration, social security and pensions62€83k€100k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲

Other operating charges640/8€580€528▼

Gross operating margin9900€190k€265k▲

Operating profit (loss)9901€102k€160k▲

Financial income75/76B€75€51▼

Recurring financial income75€75€51▼

Financial charges65/66B€8k€9k▲

Recurring financial charges65€8k€9k▲

Profit (loss) for the period before taxes9903€94k€150k▲

Income taxes67/77€239€8k▲

Profit (loss) for the period9904€94k€143k▲

Profit (loss) for the period to be appropriated9905€94k€143k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-150k€-7k▲

Profit (loss) brought forward from the previous period14P€-244k€-150k▲

Transfer from equity791/2-€10k

Profit to be distributed694/7-€3k

Employees696-€3k

Social balance

Average headcount (FTE)90871.51.7▲

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 10Financial 5Filings 5

2025

20-05

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Highest result since 2020net €143k ▲52.3%

Operating result €160k, net result €143k, both a record.

31-12

Financial Equity above €200kEq €288k ▲95%

2 profitable years in a row build equity to €288k.

13-05

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Back to profitnet €94k

Net result €94k after 2 loss-making years.

31-12

Financial Equity above €100kEq €148k ▲174%

Equity rises from €54k to €148k.

29-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

17-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Weakest financial yearnet €-152k ▼365%

Net result drops to €-152k, the lowest in the series; recovery starts the following year.

02-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 2 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Zwalm · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Paulatemstraat(Beerl) 59B9630 Zwalm

Ground area

8,215 m²

Building footprint

2,324 m²

Volume, LiDAR

501 m³

2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

JUSTBITE

Meersbloem-Melden 46, 9700 OudenaardeRetail trade

since 20202.299.137.451

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
45023A1469/00F000	Flanders	8,006 m²	1 · 2,238 m²	-
45038A0410/00D000	Flanders	209 m²	1 · 86 m²	8.5 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 8 entries · 61,638 EUR awarded · 60,115 EUR paid

Year	Entries	awarded	paid
2025	3	617 EUR	36,594 EUR
2024	2	52,933 EUR	15,433 EUR
2023	1	563 EUR	563 EUR
2022	2	7,525 EUR	7,525 EUR

Schemes

Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)

3 entries · 50,000 EUR · 48,477 EUR paid · Fonds voor Innoveren en Ondernemen

Subsidies voor internationaal ondernemen

1 entry · 7,000 EUR · 7,000 EUR paid · Vlaams Agentschap voor Internationaal Ondernemen

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

4 entries · 4,638 EUR · 4,638 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site

Oudenaarde2.299.137.451

1 permission

Groothandelaar LM>3 maand · since 01-01-2023

Similar companies · same sector, comparable size

Heist-op-den-Berg · Eq €287k

Of 10,527 companies in sector 47110 we hold annual accounts for 5,862. 3,845 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded03-02-2020

Fiscal year end31-12

Activities, NACEBEL

46389Wholesale of other food products

47110Non-specialised retail sale with food, beverages or tobacco predominating

47112Retail trade

47210Retail sale of fruit and vegetables

47279Other retail sale of food

47299Retail trade

73200Market research and public opinion polling

85599Other education

96999Other personal services

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.