Skip to content

Justificat

Active
Private limited companyfounded 20242 yrs activeKliniekstraat 58, 9050 Gent, BelgiumKBO/BCE: BE 1012.616.157
Summary

Justificat has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1,507 and a net result of -€493. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes
Profitability30
Solvency34
Growth-
Track record67
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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
8.6%
Return on assets
-2.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
31 d early
2024
44 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 38 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

On 20 August 2024, Justificat was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet

Equity
€1,507
Total assets
€17,447
Net result
-€493
Working capital
€1,507

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

Balance-sheet composition
Equity and liabilities €17,447
Equity €1,507
Debt €15,941
Debt finances 91.4% of the balance-sheet total.
Key figures and ratios
2024 value
Current ratio
1.09
Debt to equity
10.58
ROE
-32.7%
ROA
-2.8%
Debt ≤ 1 year
€15,941
Income taxes
€47

Peer companies

Historical observation

Of the 1,301 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a small loss
5.5% went bankrupt
1.6% stopped otherwise
92% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.6% 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 1,301 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 · 27 lines
Balance sheet Code2024
Assets
Total assets20/58€17,447
Current assets29/58€17,447
Amounts receivable within one year40/41€300
Other amounts receivable41€300
Cash at bank and in hand54/58€16,209
Deferred charges and accrued income490/1€939
Equity and liabilities
Total equity and liabilities10/49€17,447
Equity10/15€1,507
Contributions10/11€2,000
Profit (loss) carried forward14-€493
Amounts payable17/49€15,941
Amounts payable within one year42/48€15,941
Trade debts44€1,230
Suppliers440/4€1,230
Taxes, remuneration and social security45€7,210
Taxes450/3€5,211
Remuneration and social security454/9€1,999
Other amounts payable47/48€7,500
Income statement Code2024
Gross operating margin9900-€424
Operating profit (loss)9901-€424
Financial charges65/66B€23
Recurring financial charges65€23
Profit (loss) for the period before taxes9903-€446
Income taxes67/77€47
Profit (loss) for the period9904-€493
Profit (loss) for the period to be appropriated9905-€493
Appropriation of the result
Profit (loss) to be appropriated9906-€493

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Gross operating margin9900-€424
Operating profit (loss)9901-€424
Financial charges65/66B€23
Recurring financial charges65€23
Profit (loss) for the period before taxes9903-€446
Income taxes67/77€47
Profit (loss) for the period9904-€493
Profit (loss) for the period to be appropriated9905-€493
Line2024
Assets
Total assets20/58€17,447
Current assets29/58€17,447
Amounts receivable within one year40/41€300
Other amounts receivable41€300
Cash at bank and in hand54/58€16,209
Deferred charges and accrued income490/1€939
Equity and liabilities
Total equity and liabilities10/49€17,447
Equity10/15€1,507
Contributions10/11€2,000
Profit (loss) carried forward14-€493
Amounts payable17/49€15,941
Amounts payable within one year42/48€15,941
Trade debts44€1,230
Suppliers440/4€1,230
Taxes, remuneration and social security45€7,210
Taxes450/3€5,211
Remuneration and social security454/9€1,999
Other amounts payable47/48€7,500
Line2024
Profit (loss) for the period9904-€493
Operating cash flow (approximation)-€493

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

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
79 m²
Building footprint
60 m²
Volume, LiDAR
486 m³
Parcel 44362B0314/00X002, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Justificat
Kliniekstraat 58, 9050 GentActivities of lawyers
since 20242.362.968.005
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44362B0314/00X002 Flanders 79 m² 1 · 60 m² 12.1 m · 3 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.

Subsidies and aid

Flemish government

2024 · 1 entry · 375 EUR awarded · 375 EUR paid
Year Entries awardedpaid
2024 1 375 EUR375 EUR
Schemes
1 entry · 375 EUR · 375 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 22,057 companies in this sector we hold annual accounts for 9,060. 1,172 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded20-08-2024
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID 0208:1012616157
Also 9925:BE1012616157
Registered 01-09-2025

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.