JUSTIMO
ActiveSummary
JUSTIMO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €717,696 and a net result of -€83,712. Equity is shrinking by ~7.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-27
Solvency68▼-26
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
short-term debt: 15.3% of total assets, and 56.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192022232425
2018 to 2025 · latest year -€83,712
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-05-2026, 8 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 · 10 filingsDeviation from the deadline
2025
8 d late
2024
30 d early
2023
1 d early
2022
22 d late
2020
17 d late
2019
7 d early
2018
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 6 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 4 May (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€717,696▼ 10.4%
2024 · €801,408
Total assets
€1.7m▲ 43.5%
2024 · €1.2m
Net result
-€83,712▼ 479%
2024 · -€14,446
Working capital
-€137,519▲ 76.4%
2022 · -€581,716
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202022202320242025
Operating result-€86,177▼ 98.4%€103,792-€367,285▲ 254%-€16,318-€88,627▼ 443%
Net result-€78,677▼ 119%-€82,521-€261,061-€14,446-€83,712▼ 479%
Equity€1.3m▼ 5.9%€970,266-€1.2m▲ 26.9%€801,408▼ 34.9%€717,696▼ 10.4%
Total assets€2.4m▲ 30.1%€1.9m-€1.7m▼ 10.2%€1.2m▼ 30.7%€1.7m▲ 43.5%
Debt€810,029▲ 378%€712,951-€272,397▼ 61.8%€277,874▲ 2.0%€873,751▲ 214%
Working capital€4,033▼ 95.5%-€581,716--€137,519▲ 76.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €88,627 in 2025 against €16,318 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.7m
Equity
€717,696 ▼ 10.4%
Provisions
€68,129 ▼ 12.1%
Debt
€873,751 ▲ 214%
Debt's share of the balance-sheet total rises from 24.0% to 52.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€61,429▼
2024 · €9,163
Cash flow
-€56,514▼
2024 · €11,035
Debt to equity
1.22▲
2024 · 0.35
ROE
-11.7%▼
2024 · -1.8%
ROA
-5.0%▼
2024 · -1.2%
Interest coverage
-17.39▼
2024 · 2.62
Debt ≤ 1 year
€253,526▲
2024 · €175,869
Debt > 1 year
€620,226▲
2024 · €102,004
Income taxes
€917▼
2024 · €4,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 8,616 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
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €78,979 | €208,270 | €54,823 | €25,482 | €27,198 | ▲ 6.7% |
| Other operating charges640/8 | - | €19,291 | €7,991 | €8,391 | €70,510 | ▲ 740% |
| Gross operating margin9900 | €18,092 | €331,352 | €430,100 | €17,554 | €9,081 | ▼ 48.3% |
| Operating profit (loss)9901 | -€86,177 | €103,792 | €367,285 | -€16,318 | -€88,627 | ▼ 443% |
| Financial income75/76B | - | €51 | €3,494 | - | - | - |
| Recurring financial income75 | - | €51 | €3,494 | - | - | - |
| Financial charges65/66B | - | €11,486 | €4,944 | €3,492 | €3,532 | ▲ 1.1% |
| Recurring financial charges65 | €4,199 | €11,486 | €4,944 | €3,492 | €3,532 | ▲ 1.1% |
| Profit (loss) for the period before taxes9903 | -€90,376 | €92,356 | €365,835 | -€19,810 | -€92,159 | ▼ 365% |
| Transfer from deferred taxes780 | - | €138,553 | €9,364 | €9,364 | €9,364 | = |
| Income taxes67/77 | €578 | €313,430 | €114,138 | €4,000 | €917 | ▼ 77.1% |
| Profit (loss) for the period9904 | -€78,677 | -€82,521 | €261,061 | -€14,446 | -€83,712 | ▼ 479% |
| Transfer from tax-exempt reserves789 | - | €412,398 | €26,233 | €26,233 | €26,233 | = |
| Profit (loss) for the period to be appropriated9905 | -€43,707 | €329,878 | €287,294 | €11,786 | -€57,479 | ▼ 588% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €1.9m | €1.7m | €1.2m | €1.7m | ▲ 43.5% |
| Fixed assets21/28 | €2.3m | €1.9m | €1.6m | €1.2m | €1.7m | ▲ 43.5% |
| Tangible fixed assets22/27 | €2.3m | €1.9m | €1.6m | €1.2m | €1.7m | ▲ 43.5% |
| Land and buildings22 | - | €1.8m | €1.6m | €1.2m | €1.7m | ▲ 43.5% |
| Plant, machinery and equipment23 | - | €2,024 | €1,275 | €525 | - | - |
| Furniture and vehicles24 | - | €1,783 | - | - | - | - |
| Current assets29/58 | €44,885 | €5,285 | €20,193 | - | - | - |
| Amounts receivable within one year40/41 | €5,285 | €5,285 | €20,193 | - | - | - |
| Trade receivables40 | - | €500 | - | - | - | - |
| Other amounts receivable41 | - | €4,785 | €20,193 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €1.9m | €1.7m | €1.2m | €1.7m | ▲ 43.5% |
| Equity10/15 | €1.3m | €970,266 | €1.2m | €801,408 | €717,696 | ▼ 10.4% |
| Contributions10/11 | €300,000 | €100,000 | €100,000 | €66,139 | €66,139 | = |
| Reserves13 | €918,552 | €870,031 | €1.1m | €816,045 | €789,812 | ▼ 3.2% |
| Non-distributable reserves130/1 | - | €10,810 | €10,810 | €7,149 | €7,149 | = |
| Reserves not available under the articles1311 | - | €10,810 | €10,810 | €7,149 | €7,149 | = |
| Tax-exempt reserves132 | - | €495,344 | €469,112 | €303,425 | €277,193 | ▼ 8.6% |
| Distributable reserves133 | - | €363,878 | €651,171 | €505,471 | €505,471 | = |
| Profit (loss) carried forward14 | €34,235 | €235 | €235 | -€80,775 | -€138,255 | ▼ 71.2% |
| Provisions and deferred taxes16 | €313,123 | €174,569 | €165,205 | €77,493 | €68,129 | ▼ 12.1% |
| Deferred taxes168 | - | €174,569 | €165,205 | €77,493 | €68,129 | ▼ 12.1% |
| Amounts payable17/49 | €810,029 | €712,951 | €272,397 | €277,874 | €873,751 | ▲ 214% |
| Amounts payable after more than one year17 | €768,016 | €124,789 | €113,524 | €102,004 | €620,226 | ▲ 508% |
| Financial debts170/4 | - | €124,789 | €113,524 | €102,004 | €620,226 | ▲ 508% |
| Amounts payable within one year42/48 | €40,852 | €587,001 | €157,712 | €175,869 | €253,526 | ▲ 44.2% |
| Current portion of amounts payable after more than one year42 | - | €10,123 | €11,265 | €11,519 | €11,779 | ▲ 2.3% |
| Financial debts43 | - | €1,631 | €425 | €578 | €4,533 | ▲ 684% |
| Credit institutions430/8 | - | €1,631 | €425 | €578 | €4,533 | ▲ 684% |
| Trade debts44 | €2,420 | €20,078 | €9,699 | €980 | €18,884 | ▲ 1,827% |
| Suppliers440/4 | - | €20,078 | €9,699 | €980 | €18,884 | ▲ 1,827% |
| Advances received on contracts in progress46 | - | €1,620 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €312,988 | €136,323 | €140,323 | €472 | ▼ 99.7% |
| Taxes450/3 | - | €312,988 | €136,323 | €140,323 | €472 | ▼ 99.7% |
| Other amounts payable47/48 | - | €240,561 | - | €22,469 | €217,858 | ▲ 870% |
| Accrued charges and deferred income492/3 | - | €1,161 | €1,161 | - | - | - |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€78,677 | -€82,521 | €261,061 | -€14,446 | -€83,712 | ▼ 479% |
| + Depreciation and write-downs630 | €78,979 | €208,270 | €54,823 | €25,482 | €27,198 | ▲ 6.7% |
| Operating cash flow (approximation) | €302 | €125,749 | €315,885 | €11,035 | -€56,514 | ▼ 612% |
| Investment in fixed assets (approximation) | - | - | €148,942 | €466,480 | -€530,000 | ▼ 214% |
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
Next filing, fiscal year 2026, expected by
2026
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 8 days late
2025
30-09
Financial
Weakest financial yearnet -€83,712
Net result drops to -€83,712, the lowest in the series.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €261,061
Net result €261,061 after 4 loss-making years.
30-09
Financial
Equity above €1mEq €1.2m ▲26.9%
Equity rises from €970,266 to €1.2m.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
07-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 99 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 52 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Brasschaat · 1 establishment unit since 1986
Ground area
1,002 m²
Building footprint
382 m²
Parcel 11324D0306/00M005, Flanders. Linked by address, not a title deed.
1 establishment unit
JUSTIMO NV
since 19862.035.258.651
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11324D0306/00M005indicative | Flanders | 1,002 m² | 1 · 382 m² | - |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded14-05-1986
Fiscal year end30-09
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428980916
Also
9925:BE0428980916
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.