FlyFree.com

Active

Private limited companyfounded 201511 yrs activeKorenbloemstraat 36, 9000 Gent, BelgiumKBO/BCE: BE 0568.768.210

FlyFree.com has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136k and a net result of €10k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 51% of 11200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

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Checked score

Score 2025

79 / 100

Excellent▲ +39 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability38▲+38

Solvency85▼-4

Growth78▲+26

Stability100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €11k at 30 days acceptable

Liquidity ample (current ratio 1.86 against 1.94 in 2024), but 56.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

43.8%

Return on assets

3.3%

Age of the figures

8 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

57 d early

2024

56 d early

2023

33 d early

2022

95 d early

2021

52 d early

2020

31 d early

2019

44 d early

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

15-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€136k▼ 13.0%

2024 · €156k

2018: €113k 2019: €120k 2020: €119k 2021: €119k 2022: €155k 2023: €163k 2024: €156k

2018 → 2025

Total assets

€311k▼ 9.8%

2024 · €345k

2018: €210k 2019: €245k 2020: €389k 2021: €294k 2022: €375k 2023: €310k 2024: €345k

2018 → 2025

Net result

€10k

2024 · €-6k

2018: €7k 2019: €7k 2020: €37k 2021: €31k 2022: €37k 2023: €7k 2024: €-6k

2018 → 2025

Working capital

€143k▼ 13.9%

2024 · €166k

2018: €74k 2019: €91k 2020: €136k 2021: €112k 2022: €161k 2023: €169k 2024: €166k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€119k-€155k▲ 30.9%€163k▲ 4.8%€156k▼ 3.9%€136k▼ 13.0%

Operating result€46k-€55k▲ 17.7%€18k▼ 66.8%€5k▼ 74.5%€17k▲ 258%

Net result€31k-€37k▲ 18.0%€7k▼ 79.7%€-6k€10k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 258% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €311k

99.6%

Fixed assets €1k▼ 47.8%

Current assets €310k▼ 9.5%

Equity and liabilities €311k

43.8%

56.2%

Equity €136k▼ 13.0%

Debt €175k▼ 7.1%

The debt ratio rises from 54.6% to 56.2%: equity shrinks faster than debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€18k▲

2024 · €6k

Cash flow

€11k▲

2024 · €-5k

Solvency

43.8%▼

2024 · 45.4%

Current ratio

1.86▼

2024 · 1.94

Quick ratio

1.29▲

2024 · 0.95

Debt / equity

1.29▲

2024 · 1.20

ROE

7.6%▲

2024 · -4.1%

ROA

3.3%▲

2024 · -1.9%

Interest coverage

2.16▲

2024 · 0.48

Debt

€175k▼

2024 · €189k

Debt ≤ 1 year

€167k▼

2024 · €177k

Income taxes

€939▲

2024 · €128

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€345k€311k▼

Fixed assets21/28€2k€1k▼

Tangible fixed assets22/27€2k€1k▼

Plant, machinery and equipment23€530€246▼

Furniture and vehicles24€2k€862▼

Current assets29/58€343k€310k▼

Stocks and contracts in progress3€174k€95k▼

Stocks30/36€174k€95k▼

Amounts receivable within one year40/41€67k€98k▲

Trade receivables40€54k€77k▲

Other amounts receivable41€13k€21k▲

Current investments50/53€40k€40k=

Cash at bank and in hand54/58€60k€76k▲

Deferred charges and accrued income490/1€2k€1k▼

Equity and liabilities

Total equity and liabilities10/49€345k€311k▼

Equity10/15€156k€136k▼

Contributions10/11€19k€19k=

Reserves13€138k€118k▼

Distributable reserves133€138k€118k▼

Amounts payable17/49€189k€175k▼

Amounts payable within one year42/48€177k€167k▼

Trade debts44€38k€3k▼

Suppliers440/4€38k€3k▼

Taxes, remuneration and social security45€9k€3k▼

Taxes450/3€94€327▲

Remuneration and social security454/9€9k€2k▼

Other amounts payable47/48€130k€162k▲

Accrued charges and deferred income492/3€12k€8k▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€753€-35▼

Other operating charges640/8€810€544▼

Gross operating margin9900€7k€18k▲

Operating profit (loss)9901€5k€17k▲

Financial income75/76B€894€3k▲

Recurring financial income75€894€3k▲

Financial charges65/66B€12k€8k▼

Recurring financial charges65€12k€8k▼

Profit (loss) for the period before taxes9903€-6k€11k▲

Income taxes67/77€128€939▲

Profit (loss) for the period9904€-6k€10k▲

Profit (loss) for the period to be appropriated9905€-6k€10k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-6k€10k▲

Transfer from equity791/2€6k€20k▲

Profit to be distributed694/7-€31k

Return on contributions (dividend)694-€31k

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

04-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Back to profitnet €10k

Net result €10k after one loss-making year.

05-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-6k ▼186%

Net result drops to €-6k, the lowest in the series; recovery starts the following year.

28-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

27-04

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Equity above €150kEq €155k ▲30.9%

5 profitable years in a row build equity to €155k.

09-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

30-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Highest result since 2018net €37k ▲403%

Net result €37k, the highest in the series.

17-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

01-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

05-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

30-06

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Gent · 1 establishment unit since 2015

establishment The establishment unit on the map

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.

Korenbloemstraat 369000 Gent

Ground area

98 m²

Building footprint

68 m²

Volume, LiDAR

682 m³

Parcel 44806F0383/00A003, Flanders · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

FlyFree.com

Korenbloemstraat 36, 9000 GentAgents specialised in the wholesale of other particular products

since 20152.238.327.062

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44806F0383/00A003	Flanders	98 m²	1 · 68 m²	15.0 m · 4 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Tessenderlo-Ham · Eq €137k

Sint-Niklaas · Eq €135k

Of 4,406 companies in sector 46180 we hold annual accounts for 1,875. 1,400 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded15-01-2015

Fiscal year end31-12

Activities, NACEBEL

46180Agents specialised in the wholesale of other particular products

Sources

Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.