Justified
ActiveSummary
Justified is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The latest annual accounts of Justified were filed more than 90 days after the deadline. The 2024 annual accounts show equity of €453,859 and a net result of €131,929. Equity is growing by ~41% per year across the filed fiscal years. Its solvency ranks better than 58% of 1426 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Filing: Filed more than 90 days late
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Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
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 31-10-2025, 92 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 51 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€453,859▲ 41.0%
2023 · €321,931
Net result
€131,929▲ 11,253%
2023 · €1,162
Total assets
€950,314▲ 11.6%
2023 · €851,461
Solvency
47.8%▲ 9.9pp
2023 · 37.8%
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 66, Activities auxiliary to financial services and insurance 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€102,994▲ 226%€60,165▼ 41.6%€184,473▲ 207%€11,269▼ 93.9%€190,962▲ 1,595%
Net result€90,044above the sector's middle half▲ 211%€56,675within the sector's middle half▼ 37.1%€144,618within the sector's middle half▲ 155%€1,162below the sector's middle half▼ 99.2%€131,929within the sector's middle half▲ 11,253%
Equity€122,275within the sector's middle half▲ 279%€178,951within the sector's middle half▲ 46.4%€314,569within the sector's middle half▲ 75.8%€321,931within the sector's middle half▲ 2.3%€453,859within the sector's middle half▲ 41.0%
Total assets€212,149within the sector's middle half▲ 175%€391,215within the sector's middle half▲ 84.4%€944,770within the sector's middle half▲ 141%€851,461within the sector's middle half▼ 9.9%€950,314within the sector's middle half▲ 11.6%
Debt€89,873▲ 99.9%€212,265▲ 136%€630,201▲ 197%€529,531▼ 16.0%€496,454▼ 6.2%
Working capital-€12,270below the sector's middle half€39,543within the sector's middle half€285,427within the sector's middle half▲ 622%€98,815within the sector's middle half▼ 65.4%€146,341within the sector's middle half▲ 48.1%
Solvency57.6%within the sector's middle half▲ 15.9pp45.7%within the sector's middle half▼ 11.9pp33.3%within the sector's middle half▼ 12.4pp37.8%within the sector's middle half▲ 4.5pp47.8%within the sector's middle half▲ 9.9pp
Current ratio0.81below the sector's middle half▼ 1.171.53within the sector's middle half▲ 0.721.84within the sector's middle half▲ 0.311.29within the sector's middle half▼ 0.551.41within the sector's middle half▲ 0.12
Return on assets (ROA)42.4%above the sector's middle half▲ 5.0pp14.5%within the sector's middle half▼ 28.0pp15.3%within the sector's middle half▲ 0.8pp0.1%below the sector's middle half▼ 15.2pp13.9%within the sector's middle half▲ 13.7pp
Staff (FTE)0.7below the sector's middle half2.3▲ 229%5.7within the sector's middle half▲ 148%8.4above the sector's middle half▲ 47.4%10.5above the sector's middle half▲ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,595% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €950,314
Fixed assets
€445,018 ▲ 8.2%
Current assets
€505,295 ▲ 14.8%
Equity and liabilities €950,314
Equity
€453,859 ▲ 41.0%
Debt
€496,454 ▼ 6.2%
Debt's share of the balance-sheet total falls from 62.2% to 52.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
29.1%▲
2023 · 0.4%
Debt ≤ 1 year
€358,954▲
2023 · €341,223
Debt > 1 year
€137,500▼
2023 · €188,308
Income taxes
€52,149▲
2023 · €3,170
Staff costs
€689,202▲
2023 · €492,745
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €71,923 | €286,526 | €492,745 | €689,202 | ▲ 39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,253 | €97,445 | €157,855 | €213,327 | €252,696 | ▲ 18.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3,586 | - | - |
| Other operating charges640/8 | - | €919 | €1,318 | €2,215 | €3,869 | ▲ 74.7% |
| Gross operating margin9900 | €172,793 | €230,452 | €630,171 | €723,143 | €1.1m | ▲ 57.2% |
| Operating profit (loss)9901 | €102,994 | €60,165 | €184,473 | €11,269 | €190,962 | ▲ 1,595% |
| Financial income75/76B | - | €10 | €6 | €115 | €1,008 | ▲ 777% |
| Recurring financial income75 | €13 | €10 | €6 | €115 | €1,008 | ▲ 777% |
| Financial charges65/66B | - | €1,044 | €10,054 | €7,052 | €7,892 | ▲ 11.9% |
| Recurring financial charges65 | €307 | €1,044 | €10,054 | €7,052 | €7,892 | ▲ 11.9% |
| Profit (loss) for the period before taxes9903 | €102,701 | €59,131 | €174,425 | €4,332 | €184,077 | ▲ 4,149% |
| Income taxes67/77 | €12,657 | €2,455 | €29,807 | €3,170 | €52,149 | ▲ 1,545% |
| Profit (loss) for the period9904 | €90,044 | €56,675 | €144,618 | €1,162 | €131,929 | ▲ 11,253% |
| Profit (loss) for the period to be appropriated9905 | €90,044 | €56,675 | €144,618 | €1,162 | €131,929 | ▲ 11,253% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €212,149 | €391,215 | €944,770 | €851,461 | €950,314 | ▲ 11.6% |
| Fixed assets21/28 | €159,545 | €276,908 | €318,614 | €411,424 | €445,018 | ▲ 8.2% |
| Intangible fixed assets21 | €150,741 | €267,668 | €305,760 | €382,340 | €418,194 | ▲ 9.4% |
| Tangible fixed assets22/27 | €8,805 | €9,240 | €12,854 | €12,584 | €10,324 | ▼ 18.0% |
| Plant, machinery and equipment23 | - | - | - | €2,945 | €1,880 | ▼ 36.1% |
| Furniture and vehicles24 | - | €9,240 | €12,854 | €9,639 | €5,713 | ▼ 40.7% |
| Other tangible fixed assets26 | - | - | - | - | €2,731 | - |
| Financial fixed assets28 | - | - | - | €16,500 | €16,500 | = |
| Current assets29/58 | €52,603 | €114,308 | €626,156 | €440,038 | €505,295 | ▲ 14.8% |
| Stocks and contracts in progress3 | €9,606 | €364 | - | - | - | - |
| Contracts in progress37 | - | €364 | - | - | - | - |
| Amounts receivable within one year40/41 | €29,117 | €85,546 | €211,270 | €242,427 | €183,576 | ▼ 24.3% |
| Trade receivables40 | - | €82,984 | €208,738 | €194,592 | €154,753 | ▼ 20.5% |
| Other amounts receivable41 | - | €2,561 | €2,532 | €47,835 | €28,824 | ▼ 39.7% |
| Cash at bank and in hand54/58 | €12,118 | €25,731 | €410,764 | €179,886 | €306,177 | ▲ 70.2% |
| Deferred charges and accrued income490/1 | - | €2,667 | €4,122 | €17,725 | €15,542 | ▼ 12.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €212,149 | €391,215 | €944,770 | €851,461 | €950,314 | ▲ 11.6% |
| Equity10/15 | €122,275 | €178,951 | €314,569 | €321,931 | €453,859 | ▲ 41.0% |
| Contributions10/11 | - | €12,400 | €12,400 | €18,600 | €18,600 | = |
| Reserves13 | €109,875 | €166,551 | €302,169 | €303,331 | €435,259 | ▲ 43.5% |
| Non-distributable reserves130/1 | - | €992 | €992 | €992 | €992 | = |
| Reserves not available under the articles1311 | - | €992 | €992 | €992 | €992 | = |
| Distributable reserves133 | - | €165,559 | €301,177 | €302,339 | €434,268 | ▲ 43.6% |
| Profit (loss) carried forward14 | -€9,102 | - | - | - | - | - |
| Amounts payable17/49 | €89,873 | €212,265 | €630,201 | €529,531 | €496,454 | ▼ 6.2% |
| Amounts payable after more than one year17 | €25,000 | €137,500 | €289,472 | €188,308 | €137,500 | ▼ 27.0% |
| Financial debts170/4 | - | €137,500 | €289,472 | €188,308 | €137,500 | ▼ 27.0% |
| Amounts payable within one year42/48 | €64,873 | €74,765 | €340,729 | €341,223 | €358,954 | ▲ 5.2% |
| Current portion of amounts payable after more than one year42 | - | - | €99,122 | €100,800 | €50,808 | ▼ 49.6% |
| Trade debts44 | €36,947 | €25,536 | €84,992 | €154,807 | €104,499 | ▼ 32.5% |
| Suppliers440/4 | - | €25,536 | €84,992 | €154,807 | €104,499 | ▼ 32.5% |
| Advances received on contracts in progress46 | - | €720 | €720 | - | - | - |
| Taxes, remuneration and social security45 | - | €38,224 | €132,219 | €85,616 | €203,648 | ▲ 138% |
| Taxes450/3 | - | €24,266 | €82,615 | €28,477 | €97,083 | ▲ 241% |
| Remuneration and social security454/9 | - | €13,958 | €49,604 | €57,139 | €106,565 | ▲ 86.5% |
| Other amounts payable47/48 | - | €10,285 | €23,675 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90,044 | €56,675 | €144,618 | €1,162 | €131,929 | ▲ 11,253% |
| + Depreciation and write-downs630 | €35,253 | €97,445 | €157,855 | €213,327 | €252,696 | ▲ 18.5% |
| Operating cash flow (approximation) | €125,297 | €154,120 | €302,472 | €214,489 | €384,624 | ▲ 79.3% |
| Investment in fixed assets (approximation) | - | -€214,808 | -€199,561 | -€306,136 | -€286,290 | ▲ 6.5% |
| Change in cash | - | €13,613 | €385,033 | -€230,879 | €126,291 | ▲ 155% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 92 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €144,618 ▲155%
Net result €144,618, the highest in the series.
31-12
Financial
Equity above €200,000Eq €314,569 ▲75.8%
4 profitable years in a row build equity to €314,569.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €150,000Eq €178,951 ▲46.4%
3 profitable years in a row build equity to €178,951.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €100,000Eq €122,275 ▲279%
2 profitable years in a row build equity to €122,275.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Back to profitnet €28,933
Net result €28,933 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Gent · 2 establishment units since 2018
Ground area
3,946 m²
Building footprint
790 m²
Volume, LiDAR
5,543 m³
2 parcels, Flanders · tallest building 14.4 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
2 establishment units
Justified
since 20182.280.887.395
Justified
since 20212.320.467.355
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13372A0961/00K006 | Flanders | 3,338 m² | 1 · 260 m² | 9.0 m · 1 fl. |
| 44808H0141/00V007 | Flanders | 607 m² | 1 · 529 m² | 14.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 3,786 EUR awarded · 3,786 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 3,750 EUR | 3,750 EUR |
| 2022 | 1 | 36 EUR | 36 EUR |
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Of 1,506 companies in sector 66199 we hold annual accounts for 922. 612 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded31-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
82910Office administrative, office support and other business support activities
69109Other legal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0701944062
Also
9925:BE0701944062
Registered
29-12-2025
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.