JUSTIM
ActiveJUSTIM has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €224k and a net result of €-12k. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 53% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability42▼-29
Solvency60▲+9
Growth57▼-17
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.28 in 2024; short-term debt: 63.1% and cash: 8.4% of total assets), and 65.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
14 d late
2023
66 d late
2022
73 d late
2021
86 d late
2020
31 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€131k▲ 40.6%
2021 · €93k
2020: €108k
2021: €93k
2020 → 2022
EBIT margin
9.3%▲ 3.0pp
2021 · 6.3%
2020: 7.4%
2021: 6.3%
2020 → 2022
Net result
€-12k
2024 · €19k
2020: €6k
2021: €4k
2022: €7k
2023: €7k
2024: €19k
2020 → 2025
Working capital
€-331k▼ 19.7%
2024 · €-277k
2020: €223k
2021: €135k
2022: €-193k
2023: €-307k
2024: €-277k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€93k-€131k▲ 40.6%
Equity€210k-€218k▲ 3.5%€222k▲ 2.2%€236k▲ 6.2%€224k▼ 5.1%
Operating result€6k-€12k▲ 107%€13k▲ 4.9%€27k▲ 113%€-10k
Net result€4k-€7k▲ 71.9%€7k▼ 2.9%€19k▲ 162%€-12k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10k after €27k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €643k
Fixed assets
€568k▼ 29.0%
Current assets
€75k▼ 31.1%
Equity and liabilities €643k
Equity
€224k▼ 5.1%
Debt
€419k▼ 37.7%
The debt ratio falls from 74.0% to 65.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€7k▼
2024 · €28k
Cash flow
€5k▼
2024 · €19k
Solvency
34.8%▲
2024 · 26.0%
Current ratio
0.18▼
2024 · 0.28
Quick ratio
0.18▼
2024 · 0.28
Debt / equity
1.87▼
2024 · 2.85
ROE
-5.4%▼
2024 · 8.0%
ROA
-1.9%▼
2024 · 2.1%
Interest coverage
3.02▼
2024 · 8.60
Debt
€419k▼
2024 · €673k
Debt ≤ 1 year
€406k▲
2024 · €386k
Debt > 1 year
€0▼
2024 · €200k
Income taxes
€89▼
2024 · €5k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€909k€643k▼
Fixed assets21/28€800k€568k▼
Tangible fixed assets22/27€800k€568k▼
Land and buildings22-€568k
Assets under construction and advance payments27€800k€0▼
Current assets29/58€109k€75k▼
Amounts receivable within one year40/41€3k€8k▲
Other amounts receivable41€3k€8k▲
Cash at bank and in hand54/58€106k€54k▼
Deferred charges and accrued income490/1-€13k
Equity and liabilities
Total equity and liabilities10/49€909k€643k▼
Equity10/15€236k€224k▼
Contributions10/11€200k€200k=
Capital10€200k€200k=
Issued capital100€200k€200k=
Reserves13€17k€17k=
Non-distributable reserves130/1€4k€4k=
Legal reserve130€4k€4k=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14€20k€8k▼
Amounts payable17/49€673k€419k▼
Amounts payable after more than one year17€200k€0▼
Other amounts payable178/9€200k€0▼
Amounts payable within one year42/48€386k€406k▲
Trade debts44€151-
Suppliers440/4€151-
Other amounts payable47/48€385k€406k▲
Accrued charges and deferred income492/3€87k€13k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€300€17k▲
Other operating charges640/8€28k€67k▲
Gross operating margin9900€55k€74k▲
Operating profit (loss)9901€27k€-10k▼
Financial income75/76B€29€428▲
Recurring financial income75€29€428▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€24k€-12k▼
Income taxes67/77€5k€89▼
Profit (loss) for the period9904€19k€-12k▼
Profit (loss) for the period to be appropriated9905€19k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€37k€8k▼
Profit (loss) brought forward from the previous period14P€18k€20k▲
Transfer to equity691/2€12k-
To the legal reserve6920€2k-
To other reserves6921€10k-
Profit to be distributed694/7€5k-
Directors or managers695€5k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-12k ▼164%
Net result drops to €-12k, the lowest in the series.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-12
Financial
Highest result since 2020net €19k ▲162%
Operating result €27k, net result €19k, both a record.
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 66 days late
2023
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 73 days late
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 86 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Etterbeek · 1 establishment unit since 2019
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.
Kardinaal Lavigeriestraat 231040 EtterbeekGround area
78 m²
Building footprint
79 m²
Volume, LiDAR
840 m³
Parcel 21363B0341/00G005, Brussels · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Kardinaal Lavigeriestraat 23, 1040 Etterbeek
since 20192.293.501.256
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0341/00G005 | Brussels | 78 m² | 1 · 79 m² | 14.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,768 companies in sector 68321 we hold annual accounts for 1,391. 995 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-07-2019
Fiscal year end31-12
Activities, NACEBEL
68321Property management for co-owned buildings (syndics)
68121Development of residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:bernardfischgrund@hotmail.com
Phone:+32475641376