ACTIVE

Just Connect

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Financial year 2025 · closed on 31/12/2025
Net result
413,9 k €
+76.1% YoY
Gross margin
929,4 k €
+59.4% YoY
Equity
641,9 k €
+181.6% YoY
Workforce
4,5 ETP
+21.6% YoY

What does Just Connect do?

Just Connect is a Private limited company incorporated in 2021. Its main activity is: Trade of electricity. Its registered office is in Waregem. It employs on average 4,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0775.406.716
Incorporation
06/10/2021
Legal form
Private limited company
Registered office
Gentseweg 125
8792 Waregem · FlandreSee on map
Contributed capital
10 000,00 €
Latest accounts
31/12/2025
Average workforce
4,5 ETP
Activities (NACE)
35140Trade of electricity· main35150Electric power generation, transmission and distribution47400Retail sale of information and communication equipment in specialised stores47420Retail sale of telecommunications equipment in specialised stores61100Wired telecommunications activities61200Wireless telecommunications activities+6
Joint committees (1)
  • 2000
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin929,4 k €583 k €147,7 k €89,3 k €
EBITDA683,7 k €373,2 k €100,3 k €53,4 k €
Operating result624,7 k €347,7 k €75,3 k €26,8 k €
Net result413,9 k €235,1 k €48,8 k €14 k €
Balance sheet
Equity641,9 k €227,9 k €72,9 k €24 k €
Total assets988,5 k €432,2 k €178,2 k €141,5 k €
Cash239,5 k €130,4 k €2,8 €7,3 €
Debts346,6 k €204,2 k €105,4 k €117,5 k €
Other
Workforce4,5 ETP3,7 ETP1,5 ETP0,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Verini Spillebeen

Director · since 01 avril 2023

Active

Ended mandates

Kim De Cock

Director · since 04 octobre 2021

Ended
Annual accounts

Full financial information

2025202420232022
Type of accountAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/10/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months15 months
Filing date12/06/202622/07/202502/07/202425/07/2023
General meeting12/06/202604/06/202505/06/202407/06/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202512/06/202612/06/2026DutchPDF
Abridged model31/12/202404/06/202522/07/2025DutchPDF
Abridged model31/12/202305/06/202402/07/2024DutchPDF
Abridged model31/12/202207/06/202325/07/2023DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Verini Spillebeen

Director · since 01 avril 2023

Active

Ended mandates

Kim De Cock

Director · since 04 octobre 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other16/09/2026
    Uittreksel uit het voorstel tot inbreng van een bedrijfstak, opgesteld in
    PDF
  • Registered office16/04/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates13/05/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/05/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other08/10/2021
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025413,9 k €↑
  2. 2024
    Annual accounts 2024235,1 k €↑
  3. 2023
    Annual accounts 202348,8 k €↑
  4. 2022
    Annual accounts 202214 k €
  5. 06/10/2021
    IncorporationPrivate limited company