JUSTIMO
Absorbed by BLACKREITFinancials · financial year 2024, full format
Annual accounts 2024 filed on 25-02-2025 PDF all 34 filings
Turnover
≈ €2.4m
Estimated: probably between €1.7m and €4.0m
EBIT margin
Not included in this filing
Net result
€1.0m▲ 258%
2023 · €291,637
Working capital
€1.5m
2023 · -€147,862
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€1.4m
▲ 304%
2024
20182024
Net result
€1.0m
▲ 258%
2024
20182024
Equity
€1.8m
▼ 16.3%
2024
20182024
Total assets
€2.3m
▼ 4.7%
2024
20182024
Debt
€50,723
▼ 66.1%
2024
20182024
Working capital
€1.5m
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€0.03m-€0.2m-€0.02m-€0.002m▲ 93.6%€0.001m€0.3m▲ 382×€1.4m▲ 304%
Net result-€0.03m-€0.1m-€0.02m-€0.001m▲ 96.1%€0.002m€0.3m▲ 152×€1.0m▲ 258%
Equity€0.3m-€0.4m▲ 33.9%€0.4m▼ 5.3%€0.4m▼ 0.2%€0.4m▲ 0.5%€2.2m▲ 480%€1.8m▼ 16.3%
Total assets€1.3m-€1.6m▲ 24.9%€1.4m▼ 15.6%€1.3m▼ 2.2%€1.2m▼ 10.1%€2.4m▲ 98.8%€2.3m▼ 4.7%
Debt€1.0m-€1.2m▲ 17.4%€0.9m▼ 19.7%€0.9m▼ 2.8%€0.8m▼ 15.0%€0.1m▼ 80.5%€0.05m▼ 66.1%
Working capital-€0.8m--€0.8m▼ 5.0%-€0.8m▲ 6.5%-€0.7m▲ 3.9%-€0.7m▲ 2.6%-€0.1m▲ 79.3%€1.5m
The operating result for 2024 is over 4 times that of 2023 and the highest since 2018. It is the fourth rise in a row, after the fall in 2020.
Large changes and their cause
- 2023 Net result +15,090% on 2022. The accounts now follow the full format, last year the micro format.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.3m
Fixed assets
€698,000 ▼ 70.8%
Current assets
€1.6m ▲ 843×
Equity and liabilities €2.3m
Equity
€1.8m ▼ 16.3%
Provisions
€408,803 ▲ 509%
Debt
€50,723 ▼ 66.1%
Debt's share of the balance-sheet total falls from 6.3% to 2.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1.4m▲
2023 · €407,812
Cash flow
€1.1m▲
2023 · €358,554
Current ratio
31.23▲
2023 · 0.01
Debt to equity
0.03▼
2023 · 0.07
ROE
57.3%▲
2023 · 13.4%
ROA
45.7%▲
2023 · 12.2%
Interest coverage
over 100
2023 · over 100
Debt ≤ 1 year
€50,723▼
2023 · €149,741
Income taxes
€6,947▼
2023 · €44,437
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €46,411 | €65,976 | €44,520 | €20,475 |
| Depreciation and write-downs of the year | €79,823 | €85,457 | €66,917 | €19,397 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €75 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.1m | €0.08m | €0.09m | €0.07m | €0.02m | ▼ 71.0% |
| Other operating charges640/8 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | ▼ 22.8% |
| Gross operating margin9900 | €0.1m | €0.3m | €0.1m | €0.1m | €0.1m | €0.4m | €1.4m | ▲ 222% |
| Operating profit (loss)9901 | -€0.03m | €0.2m | -€0.02m | -€0.002m | €0.001m | €0.3m | €1.4m | ▲ 304% |
| Financial income75/76B | - | - | - | - | €3 | €0.004m | €0.02m | ▲ 298% |
| Recurring financial income75 | - | - | €0 | - | €3 | €0.004m | €0.02m | ▲ 298% |
| Financial charges65/66B | - | - | - | €0.002m | €0.001m | €0.001m | €0.001m | ▼ 56.3% |
| Recurring financial charges65 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 56.3% |
| Non-recurring financial charges66B | - | - | - | €0.001m | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€0.03m | €0.2m | -€0.02m | -€0.004m | -€149 | €0.3m | €1.4m | ▲ 305% |
| Transfer from deferred taxes780 | - | - | - | €0.004m | €0.002m | €0.06m | - | - |
| Transfer to deferred taxes680 | - | - | - | - | - | €0.07m | €0.3m | ▲ 409% |
| Income taxes67/77 | €128 | €114 | €0 | €0.001m | -€116 | €0.04m | €0.007m | ▼ 84.4% |
| Profit (loss) for the period9904 | -€0.03m | €0.1m | -€0.02m | -€0.001m | €0.002m | €0.3m | €1.0m | ▲ 258% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.008m | €0.005m | €0.1m | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €0.2m | €1.0m | ▲ 409% |
| Profit (loss) for the period to be appropriated9905 | -€0.03m | -€0.02m | -€0.01m | €0.007m | €0.007m | €0.2m | €0.02m | ▼ 91.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.3m | €1.6m | €1.4m | €1.3m | €1.2m | €2.4m | €2.3m | ▼ 4.7% |
| Fixed assets21/28 | €1.1m | €1.3m | €1.2m | €1.2m | €1.1m | €2.4m | €0.7m | ▼ 70.8% |
| Tangible fixed assets22/27 | €1.1m | €1.3m | €1.2m | €1.2m | €1.1m | €2.4m | €0.7m | ▼ 70.8% |
| Land and buildings22 | - | - | - | €1.1m | €1.0m | €2.4m | €0.7m | ▼ 70.8% |
| Plant, machinery and equipment23 | - | - | - | €0.09m | €0.1m | €480 | - | - |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.009m | €0.001m | - | - |
| Assets under construction and advance payments27 | - | - | - | €0.008m | €0.008m | - | - | - |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | - | - | - | - | - |
| Current assets29/58 | €0.2m | €0.3m | €0.2m | €0.2m | €0.05m | €0.002m | €1.6m | ▲ 843× |
| Amounts receivable within one year40/41 | €0.01m | €0.2m | €0.001m | €455 | €455 | €333 | €1.6m | ▲ 4,738× |
| Other amounts receivable41 | - | - | - | €455 | €455 | €333 | €1.6m | ▲ 4,738× |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | €0.2m | €0.2m | €0.05m | €407 | €0.001m | ▲ 159% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.003m | €0.001m | €0.004m | ▲ 264% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.3m | €1.6m | €1.4m | €1.3m | €1.2m | €2.4m | €2.3m | ▼ 4.7% |
| Equity10/15 | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €2.2m | €1.8m | ▼ 16.3% |
| Contributions10/11 | €0.06m | €0.06m | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Revaluation surpluses12 | - | - | - | - | - | €1.9m | €0.5m | ▼ 72.3% |
| Reserves13 | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | €0.2m | €1.2m | ▲ 494% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0.1m | €0.1m | €0.2m | €1.2m | ▲ 509% |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | - | - | - |
| Profit (loss) carried forward14 | -€0.05m | -€0.07m | -€0.05m | -€0.03m | -€0.02m | €0.007m | €0.001m | ▼ 88.2% |
| Provisions and deferred taxes16 | €0.02m | €0.07m | €0.06m | €0.06m | €0.06m | €0.07m | €0.4m | ▲ 509% |
| Deferred taxes168 | - | - | - | €0.06m | €0.06m | €0.07m | €0.4m | ▲ 509% |
| Amounts payable17/49 | €1.0m | €1.2m | €0.9m | €0.9m | €0.8m | €0.1m | €0.05m | ▼ 66.1% |
| Amounts payable within one year42/48 | €1.0m | €1.2m | €0.9m | €0.9m | €0.8m | €0.1m | €0.05m | ▼ 66.1% |
| Trade debts44 | €0.007m | €0.004m | €141 | €0.008m | €0.02m | - | - | - |
| Suppliers440/4 | - | - | - | €0.008m | €0.02m | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €334 | - | €0.04m | €0.05m | ▲ 15.9% |
| Taxes450/3 | - | - | - | €334 | - | €0.04m | €0.05m | ▲ 15.9% |
| Other amounts payable47/48 | - | - | - | €0.9m | €0.8m | €0.1m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.03m | €0.1m | -€0.02m | -€0.001m | €0.002m | €0.3m | €1.0m | ▲ 258% |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.1m | €0.08m | €0.09m | €0.07m | €0.02m | ▼ 71.0% |
| Operating cash flow (approximation) | €0.1m | €0.2m | €0.07m | €0.08m | €0.09m | €0.4m | €1.1m | ▲ 196% |
| Investment in fixed assets (approximation) | - | -€0.3m | -€0.02m | -€0.05m | -€0.07m | -€1.3m | €1.7m | - |
| Change in cash | - | -€0.06m | €0.02m | €0.005m | -€0.1m | -€0.05m | €0.001m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 25-02-2025 | 2025-00039773 | |
| 31-12-2023 | full format | 07-02-2024 | 2024-00027505 | |
| 31-12-2022 | micro format | 24-05-2023 | 2023-00100849 | |
| 31-12-2021 | full format | 03-08-2022 | 2022-20274071 | |
| 31-12-2020 | micro format | 29-07-2021 | 2021-44100425 | |
| 31-12-2019 | micro format | 18-10-2020 | 2020-62000169 | |
| 31-12-2018 | micro format | 13-08-2019 | 2019-46300534 | |
| 31-12-2017 | micro format | 29-09-2018 | 2018-68100182 | |
| 31-12-2016 | micro format | 21-06-2017 | 2017-20100496 | |
| 31-12-2015 | full format | 12-08-2016 | 2016-42600050 |