Financials
- Fiscal year
- 2024
- Total assets
- €218,591
- Profit
- €23,040
- Solvency
- 20.3%
Turnover▲ 110%
Net result
20182021
JUSTIN TIME
ActiveSummary
The computed 12-month bankruptcy probability of JUSTIN TIME is 4.9% (elevated). The 2024 annual accounts show equity of €44,438 and a net result of €23,040. Equity is growing by ~29.1% per year across the filed fiscal years. Its solvency ranks better than 32% of 6,728 sector peers (NACE 49, fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Non-scheduled passenger transport by road
NACE 49320
1 site
Size
€218,591total assets 2024
- Equity
- €44,438
- Profit
- €23,040
Structure
Accounts 68 days overdue1 of 8 deeds read
Why 38- 1 financial year not filed after the legal deadline; latest accounts 99 days late; 3 of the last 3 late- Figures for FY 2024 (filed 07-11-2025)- Sector Land transport and transport via pipelines (NACE 49)+ Liquidity: current ratio 1.18, cash €38,023Show the evidence
Checked score
Score 2024
38
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 48% of its sector peers (NACE 49, micro)
Financial strength · tick = 2023
Average
Solvency
45=
equity 20.3% of total assets
Liquidity
31-26
short-term debt 75.5% · cash 17.4%
Profitability
82-7
return on assets 10.5%
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.7%
12-2024: 2.7%● unchanged vs 11-2024
01-2025: 2.7%● unchanged vs 12-2024
02-2025: 2.5%▼ -0.2 percentage points vs 01-2025
03-2025: 2.5%● unchanged vs 02-2025
04-2025: 2.5%● unchanged vs 03-2025
05-2025: 2.5%● unchanged vs 04-2025
06-2025: 2.5%● unchanged vs 05-2025lowest value
07-2025: 2.5%● unchanged vs 06-2025
08-2025: 3.2%▲ +0.7 percentage points vs 07-2025
09-2025: 3.7%▲ +0.5 percentage points vs 08-2025
10-2025: 5.4%▲ +1.7 percentage points vs 09-2025
11-2025: 5.4%● unchanged vs 10-2025highest value
12-2025: 3.4%▼ -2.0 percentage points vs 11-2025
01-2026: 3.3%▼ -0.1 percentage points vs 12-2025
02-2026: 3.3%● unchanged vs 01-2026
03-2026: 3.1%▼ -0.2 percentage points vs 02-2026
04-2026: 3.1%● unchanged vs 03-2026
05-2026: 3.1%● unchanged vs 04-2026
06-2026: 3.0%▼ -0.1 percentage points vs 05-2026
07-2026: 3.0%● unchanged vs 06-2026
08-2026: 3.4%▲ +0.4 percentage points vs 07-2026
09-2026: 3.8%▲ +0.4 percentage points vs 08-2026
10-2026: 4.9%▲ +1.1 percentage points vs 09-2026
Credit up to €1,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.18 against 1.26 in 2023; short-term debt: 75.5% and cash: 17.4% of total assets), and 79.7% of the assets are financed with debt.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro): better than 32% on solvency, 27% on liquidity, 69% on profitability and 65% on growth.
The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
−lowers risk+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 07-11-2025, 99 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
99 days late
2023
86 days late
2022
71 days late
2021
323 days late
2020
107 days late
2019
180 days 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 144 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
- Resignation: BOUSERHIR HAMZA (director)State Gazette act
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · full…
Key points
By topic
Timeline
- Events
- 12
- Since
- 2018
- 31-12-2023Highest result since 2018
- 10-10-2023Annual accounts filed
- 19-06-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Non-scheduled passenger transport by roadNACE 49320
- Founded
- 23-09-2016
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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