JUSTSEE
ActiveSummary
JUSTSEE has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.0m and a net result of €669,697. Equity is shrinking by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 45% of 477 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability94▲+88
Solvency87▲+1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200,000 at 30 days acceptable
Liquidity ample (current ratio 5.86 against 3.54 in 2023; short-term debt: 15.3% and cash: 74.6% of total assets), and 37.9% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Activities of membership organisations (NACE 94)
about 92% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
62.1%
Return on assets
20.4%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €2.0m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
11 d early
2022
33 d early
2021
113 d late
2020
48 d late
2019
105 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 36 days after the deadline; the sector median for financial year 2024 is 29 days before the deadline, and 25% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#3 company by total assets in Sint-Jans-Molenbeek, Other services sector#4 company by equity in Sint-Jans-Molenbeek, Other services sector
Equity
€2.0m▲ 49.0%
2023 · €1.4m
Total assets
€3.3m▲ 47.4%
2023 · €2.2m
Net result
€669,697
2023 · -€234,340
Working capital
€2.4m▲ 81.8%
2023 · €1.3m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 94, Activities of membership organisations, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€542,937-€233,499-€950,406▼ 307%-€225,822▲ 76.2%€667,113
Net result€522,295above the sector's middle half-€243,829below the sector's middle half-€944,357below the sector's middle half▼ 287%-€234,340below the sector's middle half▲ 75.2%€669,697above the sector's middle half
Equity€2.8mwithin the sector's middle half▲ 23.0%€2.5mwithin the sector's middle half▼ 8.7%€1.6mwithin the sector's middle half▼ 37.1%€1.4mwithin the sector's middle half▼ 14.6%€2.0mwithin the sector's middle half▲ 49.0%
Total assets€3.4mwithin the sector's middle half▲ 19.2%€3.0mwithin the sector's middle half▼ 10.0%€2.8mwithin the sector's middle half▼ 7.5%€2.2mwithin the sector's middle half▼ 21.0%€3.3mwithin the sector's middle half▲ 47.4%
Debt€495,791▼ 5.1%€400,005▼ 19.3%€1.1m▲ 166%€757,773▼ 28.9%€1.1m▲ 50.7%
Working capital€2.6mwithin the sector's middle half▲ 29.4%€2.3mwithin the sector's middle half▼ 12.3%€1.8mwithin the sector's middle half▼ 23.3%€1.3mwithin the sector's middle half▼ 24.1%€2.4mwithin the sector's middle half▲ 81.8%
Solvency82.4%within the sector's middle half▲ 2.6pp83.6%within the sector's middle half▲ 1.2pp56.9%within the sector's middle half▼ 26.7pp61.4%within the sector's middle half▲ 4.6pp62.1%within the sector's middle half▲ 0.7pp
Current ratio7.71within the sector's middle half▲ 1.876.80within the sector's middle half▼ 0.903.49within the sector's middle half▼ 3.313.54within the sector's middle half▲ 0.055.86within the sector's middle half▲ 2.32
Return on assets (ROA)15.4%above the sector's middle half▲ 30.5pp-8.0%below the sector's middle half▼ 23.4pp-33.5%below the sector's middle half▼ 25.5pp-10.5%below the sector's middle half▲ 23.0pp20.4%above the sector's middle half▲ 31.0pp
Staff (FTE)11within the sector's middle half▼ 6.8%10.5within the sector's middle half▼ 4.5%10.9within the sector's middle half▲ 3.8%8.6within the sector's middle half▼ 21.1%10.8within the sector's middle half▲ 25.6%
above
within
below
the middle half (P25 to P75) of NACE 94, Activities of membership organisations, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €667,113 after a loss of €225,822 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.3m
Fixed assets
€331,696 ▼ 5.7%
Current assets
€2.9m ▲ 57.3%
Equity and liabilities €3.3m
Equity
€2.0m ▲ 49.0%
Provisions
€100,000 =
Debt
€1.1m ▲ 50.7%
Debt's share of the balance-sheet total rises from 34.1% to 34.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€696,740▲
2023 · -€199,090
Cash flow
€699,325▲
2023 · -€207,607
Quick ratio
5.41▲
2023 · 3.54
Debt to equity
0.56▲
2023 · 0.55
ROE
32.9%▲
2023 · -17.1%
Interest coverage
185.99▲
2023 · -15.69
Debt ≤ 1 year
€502,944▼
2023 · €528,549
Staff costs
€1.1m▲
2023 · €758,427
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 20,134 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3,240 | €2,949 | ▼ 9.0% |
| Remuneration, social security and pensions62 | - | €749,463 | €838,774 | €758,427 | €1.1m | ▲ 41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,028 | €22,674 | €27,814 | €26,732 | €29,627 | ▲ 10.8% |
| Other operating charges640/8 | - | €2.6m | €2.2m | €1.9m | €1.8m | ▼ 6.7% |
| Non-recurring operating charges66A | - | - | - | €1,028 | €1,749 | ▲ 70.2% |
| Gross operating margin9900 | €3.3m | €3.1m | €2.1m | €2.4m | €3.6m | ▲ 46.9% |
| Operating profit (loss)9901 | €542,937 | -€233,499 | -€950,406 | -€225,822 | €667,113 | ▲ 395% |
| Financial income75/76B | - | €21,722 | €20,487 | €4,172 | €6,330 | ▲ 51.7% |
| Recurring financial income75 | €442 | €21,722 | €17,591 | €4,172 | €6,330 | ▲ 51.7% |
| Non-recurring financial income76B | - | - | €2,897 | - | - | - |
| Financial charges65/66B | - | €32,052 | €14,438 | €12,690 | €3,746 | ▼ 70.5% |
| Recurring financial charges65 | €21,084 | €31,887 | €12,146 | €12,690 | €3,746 | ▼ 70.5% |
| Non-recurring financial charges66B | - | €165 | €2,291 | - | - | - |
| Profit (loss) for the period before taxes9903 | €522,295 | -€243,829 | -€944,357 | -€234,340 | €669,697 | ▲ 386% |
| Profit (loss) for the period9904 | €522,295 | -€243,829 | -€944,357 | -€234,340 | €669,697 | ▲ 386% |
| Profit (loss) for the period to be appropriated9905 | €522,295 | -€243,829 | -€944,357 | -€234,340 | €669,697 | ▲ 386% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.4m | €3.0m | €2.8m | €2.2m | €3.3m | ▲ 47.4% |
| Fixed assets21/28 | €360,871 | €338,197 | €336,083 | €351,755 | €331,696 | ▼ 5.7% |
| Tangible fixed assets22/27 | €359,429 | €336,755 | €334,642 | €349,752 | €329,693 | ▼ 5.7% |
| Land and buildings22 | - | €310,953 | €292,580 | €283,187 | €270,366 | ▼ 4.5% |
| Plant, machinery and equipment23 | - | - | - | €24,028 | €25,849 | ▲ 7.6% |
| Furniture and vehicles24 | - | - | €20,560 | €25,335 | €20,577 | ▼ 18.8% |
| Other tangible fixed assets26 | - | €25,802 | €21,502 | €17,202 | €12,901 | ▼ 25.0% |
| Financial fixed assets28 | €1,441 | €1,441 | €1,441 | €2,003 | €2,003 | = |
| Current assets29/58 | €3.0m | €2.7m | €2.5m | €1.9m | €2.9m | ▲ 57.3% |
| Stocks and contracts in progress3 | - | - | - | - | €227,808 | - |
| Stocks30/36 | - | - | - | - | €227,808 | - |
| Amounts receivable within one year40/41 | €310,543 | €99,700 | €269,854 | €323,468 | €173,023 | ▼ 46.5% |
| Trade receivables40 | - | €27,543 | - | - | - | - |
| Other amounts receivable41 | - | €72,157 | €269,854 | €323,468 | €173,023 | ▼ 46.5% |
| Current investments50/53 | €59,107 | €59,107 | €59,107 | €59,107 | €59,107 | = |
| Cash at bank and in hand54/58 | €2.7m | €2.5m | €2.2m | €1.5m | €2.4m | ▲ 64.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €42,702 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.4m | €3.0m | €2.8m | €2.2m | €3.3m | ▲ 47.4% |
| Equity10/15 | €2.8m | €2.5m | €1.6m | €1.4m | €2.0m | ▲ 49.0% |
| Contributions10/11 | - | - | €24,789 | €24,789 | €24,789 | = |
| Capital10 | - | - | €24,789 | €24,789 | €24,789 | = |
| Reserves13 | - | €2.5m | €1.6m | €1.3m | €2.0m | ▲ 49.9% |
| Provisions and deferred taxes16 | €100,000 | €100,000 | €150,000 | €100,000 | €100,000 | = |
| Amounts payable17/49 | €495,791 | €400,005 | €1.1m | €757,773 | €1.1m | ▲ 50.7% |
| Amounts payable within one year42/48 | €392,501 | €398,042 | €709,982 | €528,549 | €502,944 | ▼ 4.8% |
| Trade debts44 | €216,070 | €270,258 | €567,643 | €366,677 | €300,180 | ▼ 18.1% |
| Suppliers440/4 | - | €270,258 | €567,643 | €366,677 | €300,180 | ▼ 18.1% |
| Taxes, remuneration and social security45 | - | €111,479 | €126,954 | €100,391 | €175,327 | ▲ 74.6% |
| Taxes450/3 | - | €22,160 | €25,624 | €21,942 | €31,722 | ▲ 44.6% |
| Remuneration and social security454/9 | - | €89,320 | €101,330 | €78,449 | €143,605 | ▲ 83.1% |
| Accrued charges and deferred income492/3 | - | €1,964 | €355,210 | €229,225 | €638,942 | ▲ 179% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €522,295 | -€243,829 | -€944,357 | -€234,340 | €669,697 | ▲ 386% |
| + Depreciation and write-downs630 | €24,028 | €22,674 | €27,814 | €26,732 | €29,627 | ▲ 10.8% |
| Operating cash flow (approximation) | €546,323 | -€221,155 | -€916,543 | -€207,607 | €699,325 | ▲ 437% |
| Investment in fixed assets (approximation) | - | €0 | -€25,700 | -€42,405 | -€9,568 | ▲ 77.4% |
| Change in cash | - | -€106,098 | -€397,211 | -€661,044 | €953,805 | ▲ 244% |
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
2026
13-08
State Gazette act
BenamingName change · Power of attorney3 facts ▸
State Gazette act
Benaming
Name change · Power of attorney3 facts ▸
- General meeting, eenparigheid van stemmen, buitengewone algemene vergadering
- Name change, JUSTSEE
- Power of attorney, Tom Wilsens
07-08
State Gazette act
Reappointment: Clybouw Bedrijfsrevisoren BV (statutory auditor)3 facts ▸
State Gazette act
Reappointment: Clybouw Bedrijfsrevisoren BV (statutory auditor)
3 facts ▸
- General meeting, 27-06-2026
- Auditor reappointment, Clybouw Bedrijfsrevisoren BV (statutory auditor)
- Other statement, adoption compliance, toepasselijke wettelijke en statutaire vereisten
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €669,697
Net result €669,697 after 3 loss-making years.
31-12
Financial
Equity above €2mEq €2.0m ▲49%
Equity rises from €1.4m to €2.0m.
20-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€944,357
Net result drops to -€944,357, the lowest in the series; recovery starts the following year.
21-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 113 days late
2021
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 48 days late
2020
31-12
Financial
Back to profitnet €522,295
Net result €522,295 after one loss-making year.
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 105 days late
Show earlier events
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 92 days late
2018
06-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 37 days late
07-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 219 days late
07-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 584 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 20 acts read
About the unread acts
Of the 20 Belgian State Gazette acts we know for this company, 2 have been read. The other 18 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
Clybouw Bedrijfsrevisoren BV
CurrentStatutory auditor · since 07-08-2026 · perm. rep.: vaste vertegenwoordiger overeenkomstig de wettelijke bepalingen
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 2008
Ground area
223 m²
Building footprint
128 m²
Volume, LiDAR
1,546 m³
Parcel 21526D0076/00M003, Brussels · tallest building 17.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
CHRISTELIJKE BLINDENMISSIE - CHRISTOFFEL BLINDENMISSION
since 20082.174.135.432
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0076/00M003 | Brussels | 223 m² | 1 · 128 m² | 17.8 m · 4 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Clybouw Bedrijfsrevisoren BV |
|
Articles of association
Name clause
Subsidies and aid
Federal government
2023 to 2025 · 5 entries · 3,986,822 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | FOD Buitenlandse Zaken | 1 | 1,304,609 EUR |
| 2024 | FOD Buitenlandse Zaken | 2 | 1,353,186 EUR |
| 2023 | FOD Buitenlandse Zaken | 2 | 1,329,027 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
8755009ZWKL2EPL0EJ29
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Company details
Identification
Legal formNon-profit association
Founded06-03-1997
Fiscal year end31-12
Legal name FR
Light for the World- Licht voor de Wereld - Lumière pour le Monde - Licht fur die Welt
Abbreviation FR
Light for the World Belgium
Activities, NACEBEL 2025
94995Activities of membership organisations
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460240749
Also
9925:BE0460240749
Registered
25-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.