JUSTOBE
ActiveSummary
JUSTOBE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€120,225) and a net result of -€13,751. Equity is shrinking by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 16% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+1
Solvency20▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.02 in 2024; short-term debt: 104.4% and cash: 3.2% of total assets), and equity is negative.
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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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-5%
Return on assets
-0.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€120,225
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
3 d early
2023
12 d late
2022
49 d late
2021
33 d late
2020
9 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 21 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 28 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€120,225▼ 17.4%
2024 · -€102,431
Total assets
€2.4m▼ 1.1%
2024 · €2.4m
Net result
-€13,751▲ 44.5%
2024 · -€24,761
Working capital
-€2.4m▲ 2.5%
2024 · -€2.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€35,032▲ 41.5%€7,962-€126,751-€27,496▲ 78.3%-€16,991▲ 38.2%
Net result-€35,814below the sector's middle half▲ 41.0%€7,206within the sector's middle half-€124,389below the sector's middle half-€24,761below the sector's middle half▲ 80.1%-€13,751below the sector's middle half▲ 44.5%
Equity-€86,521below the sector's middle half▼ 70.6%-€79,315below the sector's middle half▲ 8.3%-€73,963below the sector's middle half▲ 6.7%-€102,431below the sector's middle half▼ 38.5%-€120,225below the sector's middle half▼ 17.4%
Total assets€1.8mabove the sector's middle half▲ 64.2%€2.1mabove the sector's middle half▲ 17.4%€2.5mabove the sector's middle half▲ 18.1%€2.4mabove the sector's middle half▼ 3.1%€2.4mabove the sector's middle half▼ 1.1%
Debt€1.9m▲ 64.5%€2.2m▲ 16.2%€2.6m▲ 17.2%€2.5m▼ 1.9%€2.5m▼ 0.4%
Working capital-€1.7mbelow the sector's middle half▼ 73.4%-€2.1mbelow the sector's middle half▼ 22.8%-€2.5mbelow the sector's middle half▼ 21.8%-€2.5mbelow the sector's middle half▲ 1.8%-€2.4mbelow the sector's middle half▲ 2.5%
Solvency-4.8%below the sector's middle half▼ 0.2pp-3.8%below the sector's middle half▲ 1.1pp-3.0%below the sector's middle half▲ 0.8pp-4.2%below the sector's middle half▼ 1.3pp-5.0%below the sector's middle half▼ 0.8pp
Current ratio0.11below the sector's middle half▼ 0.050.06below the sector's middle half▼ 0.050.02below the sector's middle half▼ 0.040.02below the sector's middle half=0.04below the sector's middle half▲ 0.02
Return on assets (ROA)-2.0%below the sector's middle half▲ 3.6pp0.3%within the sector's middle half▲ 2.3pp-5.0%below the sector's middle half▼ 5.3pp-1.0%within the sector's middle half▲ 4.0pp-0.6%within the sector's middle half▲ 0.4pp
Staff (FTE)1
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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 €16,991 in 2025 against €27,496 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€2.3m ▼ 3.2%
Current assets
€88,392 ▲ 121%
Key figures and ratios
EBITDA
€63,591▲
2024 · €52,597
Cash flow
€66,831▲
2024 · €55,333
Debt to equity
-20.84▲
2024 · -24.56
Interest coverage
79.09▲
2024 · 54.13
Debt ≤ 1 year
€2.5m▼
2024 · €2.5m
Debt > 1 year
€14,504▲
2024 · €11,041
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,171 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- negative equity
- a small loss
1.7%
went bankrupt
2.6%
stopped otherwise
95%
still going
A further 1.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 1,171 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €28,873 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,594 | €20,663 | €73,024 | €80,094 | €80,582 | ▲ 0.6% |
| Other operating charges640/8 | €2,938 | €2,991 | €3,575 | €3,706 | €8,437 | ▲ 128% |
| Gross operating margin9900 | -€11,500 | €31,616 | -€21,279 | €56,303 | €72,028 | ▲ 27.9% |
| Operating profit (loss)9901 | -€35,032 | €7,962 | -€126,751 | -€27,496 | -€16,991 | ▲ 38.2% |
| Financial income75/76B | €0 | - | €3,707 | €3,707 | €4,044 | ▲ 9.1% |
| Recurring financial income75 | €0 | - | €3,707 | €3,707 | €4,044 | ▲ 9.1% |
| Financial charges65/66B | €781 | €755 | €1,345 | €972 | €804 | ▼ 17.3% |
| Recurring financial charges65 | €781 | €755 | €1,345 | €972 | €804 | ▼ 17.3% |
| Profit (loss) for the period before taxes9903 | -€35,814 | €7,206 | -€124,389 | -€24,761 | -€13,751 | ▲ 44.5% |
| Profit (loss) for the period9904 | -€35,814 | €7,206 | -€124,389 | -€24,761 | -€13,751 | ▲ 44.5% |
| Profit (loss) for the period to be appropriated9905 | -€35,814 | €7,206 | -€124,389 | -€24,761 | -€13,751 | ▲ 44.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €2.1m | €2.5m | €2.4m | €2.4m | ▼ 1.1% |
| Fixed assets21/28 | €1.6m | €2.0m | €2.4m | €2.4m | €2.3m | ▼ 3.2% |
| Tangible fixed assets22/27 | €1.6m | €2.0m | €2.4m | €2.4m | €2.3m | ▼ 3.2% |
| Land and buildings22 | €769,619 | €749,365 | €729,111 | €708,856 | €688,602 | ▼ 2.9% |
| Plant, machinery and equipment23 | - | - | €1.7m | €1.6m | €1.6m | ▼ 3.0% |
| Furniture and vehicles24 | €1,296 | €887 | €28,072 | €23,070 | €15,858 | ▼ 31.3% |
| Assets under construction and advance payments27 | €820,818 | €1.2m | - | - | - | - |
| Current assets29/58 | €204,361 | €126,186 | €46,125 | €40,048 | €88,392 | ▲ 121% |
| Amounts receivable within one year40/41 | €12,211 | €9,282 | €3,666 | €4,979 | €9,546 | ▲ 91.7% |
| Trade receivables40 | €12,090 | €9,282 | €1,663 | €208 | €4,751 | ▲ 2,180% |
| Other amounts receivable41 | €121 | - | €2,002 | €4,771 | €4,795 | ▲ 0.5% |
| Cash at bank and in hand54/58 | €192,150 | €116,904 | €39,156 | €35,069 | €76,909 | ▲ 119% |
| Deferred charges and accrued income490/1 | - | - | €3,304 | - | €1,937 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €2.1m | €2.5m | €2.4m | €2.4m | ▼ 1.1% |
| Equity10/15 | -€86,521 | -€79,315 | -€73,963 | -€102,431 | -€120,225 | ▼ 17.4% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€96,521 | -€89,315 | -€213,704 | -€238,465 | -€252,216 | ▼ 5.8% |
| Investment grants15 | - | - | €129,741 | €126,034 | €121,990 | ▼ 3.2% |
| Amounts payable17/49 | €1.9m | €2.2m | €2.6m | €2.5m | €2.5m | ▼ 0.4% |
| Amounts payable after more than one year17 | - | - | €8,059 | €11,041 | €14,504 | ▲ 31.4% |
| Other amounts payable178/9 | - | - | €8,059 | €11,041 | €14,504 | ▲ 31.4% |
| Amounts payable within one year42/48 | €1.9m | €2.2m | €2.6m | €2.5m | €2.5m | ▼ 0.5% |
| Trade debts44 | €61,788 | €23,386 | €36,924 | €14 | €5,666 | ▲ 41,137% |
| Suppliers440/4 | €61,788 | €23,386 | €36,924 | €14 | €5,666 | ▲ 41,137% |
| Taxes, remuneration and social security45 | - | €3,445 | - | - | - | - |
| Taxes450/3 | - | €3,445 | - | - | - | - |
| Other amounts payable47/48 | €1.8m | €2.2m | €2.5m | €2.5m | €2.5m | ▼ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,814 | €7,206 | -€124,389 | -€24,761 | -€13,751 | ▲ 44.5% |
| + Depreciation and write-downs630 | €20,594 | €20,663 | €73,024 | €80,094 | €80,582 | ▲ 0.6% |
| Operating cash flow (approximation) | -€15,220 | €27,870 | -€51,365 | €55,333 | €66,831 | ▲ 20.8% |
| Investment in fixed assets (approximation) | - | -€411,114 | -€535,586 | -€8,715 | -€4,628 | ▲ 46.9% |
| Change in cash | - | -€75,246 | -€77,748 | -€4,087 | €41,840 | ▲ 1,124% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
31-12
Financial
Weakest financial yearnet -€124,389
Net result drops to -€124,389, the lowest in the series; recovery starts the following year.
18-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 49 days late
2022
31-12
Financial
Back to profitnet €7,206
Net result €7,206 after 2 loss-making years.
02-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 33 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 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, Elsene · 1 establishment unit since 2019
Ground area
108 m²
Building footprint
122 m²
Volume, LiDAR
1,550 m³
Parcel 21443C0237/00F003, Brussels · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
JUSTOBE
since 20192.295.486.885
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0237/00F003 | Brussels | 108 m² | 1 · 122 m² | 17.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0734952172
Also
9925:BE0734952172
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.