FEEL THE FREEDOM
InactiveFEEL THE FREEDOM was declared bankrupt on 10-10-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 03-03-2026, published in the Belgian State Gazette on 10-03-2026.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 06-10-2023, 67 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
67 d late
2021
88 d late
2020
90 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€-22k▼ 7.5%
2021 · €-21k
2018: €2k
2019: €-9k
2020: €-12k
2021: €-21k
2018 → 2022
Total assets
€49k▲ 27.5%
2021 · €38k
2018: €48k
2019: €43k
2020: €36k
2021: €38k
2018 → 2022
Net result
€-2k▲ 81.6%
2021 · €-9k
2018: €2k
2019: €-12k
2020: €-3k
2021: €-9k
2018 → 2022
Working capital
€-23k▼ 5.4%
2021 · €-22k
2018: €2k
2019: €-9k
2020: €-11k
2021: €-22k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€2k-€-9k€-12k▼ 36.5%€-21k▼ 69.1%€-22k▼ 7.5%
Operating result€2k-€-11k€-3k▲ 74.8%€-8k▼ 212%€-1k▲ 86.3%
Net result€2k-€-12k€-3k▲ 71.3%€-9k▼ 159%€-2k▲ 81.6%
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 €1k in 2022 against €8k in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €49k
Fixed assets
€1k ▼ 25.0%
Current assets
€48k ▲ 29.7%
Key figures and ratios
EBITDA
€-765▲
2021 · €-8k
Cash flow
€-1k▲
2021 · €-8k
Solvency
-45.9%▲
2021 · -54.4%
Current ratio
0.68▲
2021 · 0.63
Quick ratio
0.31▲
2021 · 0.23
Debt to equity
-3.18▼
2021 · -2.84
ROA
-3.2%▲
2021 · -22.2%
Interest coverage
-1.73▲
2021 · -57.70
Debt
€71k▲
2021 · €59k
Debt ≤ 1 year
€71k▲
2021 · €59k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 36 lines
Balance sheet
Code20212022
Assets
Total assets20/58€38k€49k▲
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Other tangible fixed assets26€2k€1k▼
Current assets29/58€37k€48k▲
Stocks and contracts in progress3€23k€26k▲
Stocks30/36€23k€26k▲
Amounts receivable within one year40/41€11k€12k▲
Trade receivables40€11k€12k▲
Cash at bank and in hand54/58€2k€10k▲
Equity and liabilities
Total equity and liabilities10/49€38k€49k▲
Equity10/15€-21k€-22k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-27k€-29k▼
Amounts payable17/49€59k€71k▲
Amounts payable within one year42/48€59k€71k▲
Trade debts44€17k€20k▲
Suppliers440/4€17k€20k▲
Taxes, remuneration and social security45€97€1k▲
Taxes450/3€97€377▲
Remuneration and social security454/9-€1k
Other amounts payable47/48€42k€49k▲
Accrued charges and deferred income492/3€700€700=
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€388€388=
Other operating charges640/8€2k€102▼
Gross operating margin9900€-6k€-663▲
Operating profit (loss)9901€-8k€-1k▲
Financial income75/76B-€27
Recurring financial income75-€27
Financial charges65/66B€139€443▲
Recurring financial charges65€139€443▲
Profit (loss) for the period before taxes9903€-9k€-2k▲
Profit (loss) for the period9904€-9k€-2k▲
Profit (loss) for the period to be appropriated9905€-9k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-29k▼
Profit (loss) brought forward from the previous period14P€-19k€-27k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
10-03
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · FEEL THE FREEDOM BVBA DE PIER 2, 2980 ZOERSEL · event 03-03-2026
2024
16-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · FEEL THE FREEDOM BVBA DE PIER 2, 2980 ZOERSEL · event 10-10-2024
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 88 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €-12k ▼672%
Net result drops to €-12k, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | IWEIN MOORKENS MECHELSESTEENWEG 271 8.1,
2018 ANTWERPEN 1 |
10-10-2024 → 03-03-2026 |