JUSTCLIC
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 30-09-2026 at the NBB all 14 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€15,593▼ 9.4%
2025 · -€14,253
Working capital
-€120,333▼ 4.7%
2025 · -€114,959
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
-€15,550
▼ 9.9%
2026
20192026
Net result
-€15,593
▼ 9.4%
2026
20192026
Equity
-€102,322
▼ 18.0%
2026
20192026
Total assets
€18,158
▼ 41.4%
2026
20192026
Debt
€120,480
▲ 2.3%
2026
20192026
Working capital
-€120,333
▼ 4.7%
2026
20192026
Solvency
-563.5%
▼ 283.8pp
2026
20192026
Current ratio
0.00
▼ 0.02
2026
20192026
Return on assets (ROA)
-85.9%
▼ 39.9pp
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result-€6,843--€6,565▲ 4.1%-€13,935▼ 112%-€15,321▼ 9.9%-€28,840▼ 88.2%-€19,577▲ 32.1%-€14,149▲ 27.7%-€15,550▼ 9.9%
Net result-€6,805--€6,682▲ 1.8%-€14,035below the sector's middle half▼ 110%-€15,351below the sector's middle half▼ 9.4%-€28,917below the sector's middle half▼ 88.4%-€19,660below the sector's middle half▲ 32.0%-€14,253below the sector's middle half▲ 27.5%-€15,593▼ 9.4%
Equity€12,170-€5,488▼ 54.9%-€8,547below the sector's middle half-€23,898below the sector's middle half▼ 180%-€52,815below the sector's middle half▼ 121%-€72,475below the sector's middle half▼ 37.2%-€86,728below the sector's middle half▼ 19.7%-€102,322▼ 18.0%
Total assets€15,798-€27,700▲ 75.3%€60,556below the sector's middle half▲ 119%€55,860below the sector's middle half▼ 7.8%€49,540below the sector's middle half▼ 11.3%€50,767below the sector's middle half▲ 2.5%€31,010below the sector's middle half▼ 38.9%€18,158▼ 41.4%
Debt€3,628-€22,211▲ 512%€69,103▲ 211%€79,758▲ 15.4%€102,355▲ 28.3%€123,241▲ 20.4%€117,738▼ 4.5%€120,480▲ 2.3%
Working capital€12,170--€14,532-€60,201below the sector's middle half▼ 314%-€72,128below the sector's middle half▼ 19.8%-€90,838below the sector's middle half▼ 25.9%-€110,950below the sector's middle half▼ 22.1%-€114,959below the sector's middle half▼ 3.6%-€120,333▼ 4.7%
Solvency77.0%-19.8%▼ 57.2pp-14.1%below the sector's middle half▼ 33.9pp-42.8%below the sector's middle half▼ 28.7pp-106.6%below the sector's middle half▼ 63.8pp-142.8%below the sector's middle half▼ 36.2pp-279.7%below the sector's middle half▼ 136.9pp-563.5%▼ 283.8pp
Current ratio4.35-0.35▼ 4.010.13below the sector's middle half▼ 0.220.07below the sector's middle half▼ 0.060.11below the sector's middle half▲ 0.040.10below the sector's middle half▼ 0.010.02below the sector's middle half▼ 0.080.00▼ 0.02
Return on assets (ROA)-43.1%--24.1%▲ 18.9pp-23.2%below the sector's middle half▲ 0.9pp-27.5%below the sector's middle half▼ 4.3pp-58.4%below the sector's middle half▼ 30.9pp-38.7%below the sector's middle half▲ 19.6pp-46.0%below the sector's middle half▼ 7.2pp-85.9%▼ 39.9pp
above
within
below
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is a loss of €15,550, larger than the loss of €14,149 in 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €18,158
Fixed assets
€18,011 ▼ 36.2%
Current assets
€147 ▼ 94.7%
Equity and liabilities
Equity-€102,322
Debt€120,480
Equity is negative. Debt (€120,480) exceeds the balance-sheet total (€18,158).
Key figures and ratios
EBITDA
-€3,997▼
2025 · -€2,461
Cash flow
-€4,040▼
2025 · -€2,566
Interest coverage
-92.90▼
2025 · -23.53
Debt ≤ 1 year
€120,480▲
2025 · €117,738
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €695 | - | - | - |
| Intangible fixed assets | €2,816 | €16,528 | €9,810 | €1,443 | €1,335 |
| Depreciation and write-downs of the year | €3,741 | €7,963 | €9,859 | €11,688 | €11,554 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €177 | €177 | €3,741 | €7,963 | €9,859 | €11,688 | €11,554 | ▼ 1.1% |
| Other operating charges640/8 | - | - | - | €348 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Non-recurring operating charges66A | - | - | - | - | €7,187 | - | - | - | - |
| Gross operating margin9900 | -€6,255 | -€6,040 | -€13,410 | -€11,232 | -€13,343 | -€9,334 | -€2,074 | -€3,597 | ▼ 73.5% |
| Operating profit (loss)9901 | -€6,843 | -€6,565 | -€13,935 | -€15,321 | -€28,840 | -€19,577 | -€14,149 | -€15,550 | ▼ 9.9% |
| Financial income75/76B | - | - | - | - | €1 | - | - | - | - |
| Recurring financial income75 | €18 | €7 | - | - | €1 | - | - | - | - |
| Financial charges65/66B | - | - | - | €30 | €78 | €83 | €105 | €43 | ▼ 58.9% |
| Recurring financial charges65 | €31 | €8 | €100 | €30 | €78 | €83 | €105 | €43 | ▼ 58.9% |
| Profit (loss) for the period before taxes9903 | -€6,855 | -€6,566 | -€14,035 | -€15,351 | -€28,917 | -€19,660 | -€14,253 | -€15,593 | ▼ 9.4% |
| Income taxes67/77 | -€50 | €116 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€6,805 | -€6,682 | -€14,035 | -€15,351 | -€28,917 | -€19,660 | -€14,253 | -€15,593 | ▼ 9.4% |
| Profit (loss) for the period to be appropriated9905 | -€6,805 | -€6,682 | -€14,035 | -€15,351 | -€28,917 | -€19,660 | -€14,253 | -€15,593 | ▼ 9.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €15,798 | €27,700 | €60,556 | €55,860 | €49,540 | €50,767 | €31,010 | €18,158 | ▼ 41.4% |
| Formation expenses20 | - | €710 | €532 | €355 | €177 | - | - | - | - |
| Fixed assets21/28 | - | €19,311 | €51,122 | €50,375 | €38,346 | €38,475 | €28,230 | €18,011 | ▼ 36.2% |
| Intangible fixed assets21 | - | €19,311 | €51,122 | €50,375 | €37,834 | €38,145 | €28,133 | €18,011 | ▼ 36.0% |
| Tangible fixed assets22/27 | - | - | - | - | €512 | €329 | €98 | - | - |
| Furniture and vehicles24 | - | - | - | - | €512 | €329 | €98 | - | - |
| Current assets29/58 | €15,798 | €7,679 | €8,901 | €5,130 | €11,016 | €12,292 | €2,780 | €147 | ▼ 94.7% |
| Amounts receivable within one year40/41 | €5,062 | €4,667 | €4,480 | €4,937 | €7,307 | €12,244 | €221 | €147 | ▼ 33.3% |
| Trade receivables40 | - | - | - | - | - | €4,533 | - | - | - |
| Other amounts receivable41 | - | - | - | €4,937 | €7,307 | €7,711 | €221 | €147 | ▼ 33.3% |
| Cash at bank and in hand54/58 | €10,736 | €3,012 | €4,421 | €193 | €3,709 | €48 | €2,559 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €15,798 | €27,700 | €60,556 | €55,860 | €49,540 | €50,767 | €31,010 | €18,158 | ▼ 41.4% |
| Equity10/15 | €12,170 | €5,488 | -€8,547 | -€23,898 | -€52,815 | -€72,475 | -€86,728 | -€102,322 | ▼ 18.0% |
| Contributions10/11 | €15,000 | - | - | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Contributions outside capital11 | - | - | - | €15,000 | - | - | - | - | - |
| Share premium1100/10 | - | - | - | €15,000 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€2,830 | -€9,512 | -€23,547 | -€38,898 | -€67,815 | -€87,475 | -€101,728 | -€117,322 | ▼ 15.3% |
| Amounts payable17/49 | €3,628 | €22,211 | €69,103 | €79,758 | €102,355 | €123,241 | €117,738 | €120,480 | ▲ 2.3% |
| Amounts payable within one year42/48 | €3,628 | €22,211 | €69,103 | €77,258 | €101,855 | €123,241 | €117,738 | €120,480 | ▲ 2.3% |
| Financial debts43 | - | - | - | - | - | - | - | €87 | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €87 | - |
| Trade debts44 | €2,618 | €12,342 | €23,197 | €23,312 | €3,431 | €6,200 | €221 | €664 | ▲ 200% |
| Suppliers440/4 | - | - | - | €23,312 | €3,431 | €6,200 | €221 | €664 | ▲ 200% |
| Taxes, remuneration and social security45 | - | - | - | €42 | €12 | €117,041 | - | - | - |
| Taxes450/3 | - | - | - | €42 | €12 | €117,041 | - | - | - |
| Other amounts payable47/48 | - | - | - | €53,904 | €98,412 | - | €117,517 | €119,730 | ▲ 1.9% |
| Accrued charges and deferred income492/3 | - | - | - | €2,500 | €500 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,805 | -€6,682 | -€14,035 | -€15,351 | -€28,917 | -€19,660 | -€14,253 | -€15,593 | ▼ 9.4% |
| + Depreciation and write-downs630 | - | €177 | €177 | €3,741 | €7,963 | €9,859 | €11,688 | €11,554 | ▼ 1.1% |
| Operating cash flow (approximation) | -€6,805 | -€6,505 | -€13,858 | -€11,610 | -€20,954 | -€9,802 | -€2,566 | -€4,040 | ▼ 57.5% |
| Investment in fixed assets (approximation) | - | - | -€31,989 | -€2,993 | €4,066 | -€9,987 | -€1,443 | -€1,335 | ▲ 7.5% |
| Change in cash | - | -€7,724 | €1,410 | -€4,228 | €3,516 | -€3,661 | €2,512 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,907 companies had the same profile as JUSTCLIC has now. Two years later, 85.5% were still going and 5.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
85.5%
was still going
8.1%
stopped otherwise
5.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of JUSTCLIC itself is lower: 0.8% within 12 months. It rests on far more data about JUSTCLIC than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for JUSTCLIC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 30-09-2026 | 2026-00544432 | |
| 31-03-2025 | micro format | 31-10-2025 | 2025-00559897 | |
| 31-03-2024 | micro format | 31-10-2024 | 2024-00528229 | |
| 31-03-2023 | full format | 31-08-2023 | 2023-00411423 | |
| 31-03-2022 | full format | 16-12-2022 | 2022-20539210 | |
| 31-03-2021 | full format | 23-07-2021 | 2021-40900471 | |
| 31-03-2020 | full format | 25-08-2020 | 2020-44700106 | |
| 31-03-2019 | full format | 05-06-2019 | 2019-16100154 | |
| 31-03-2018 | full format | 28-09-2018 | 2018-66200273 | |
| 31-03-2017 | full format | 18-07-2017 | 2017-32400266 |