FREE BEST CONSTRUCT
Dissolution or liquidationSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 16-10-2024, 77 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
77 d late
2022
21 d late
2021
67 d late
2020
34 d late
2019
83 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 56 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the General construction of residential buildings sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€10,446
2022 · €1,994
Working capital
€5,416▼ 65.3%
2022 · €15,589
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 41, Construction of residential and non-residential buildings, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€4,183▲ 603%-€11,277-€1,411▲ 87.5%€2,090-€11,670
Net result€3,623▲ 485%-€10,179below the sector's middle half-€1,548below the sector's middle half▲ 84.8%€1,994within the sector's middle half-€10,446below the sector's middle half
Equity€26,126▲ 58.3%€15,947below the sector's middle half▼ 39.0%€14,399below the sector's middle half▼ 9.7%€16,393within the sector's middle half▲ 13.8%€5,947below the sector's middle half▼ 63.7%
Total assets€30,762▲ 21.3%€27,465below the sector's middle half▼ 10.7%€20,544below the sector's middle half▼ 25.2%€17,372below the sector's middle half▼ 15.4%€10,148below the sector's middle half▼ 41.6%
Debt€4,636▼ 47.7%€11,518▲ 148%€6,145▼ 46.7%€980▼ 84.1%€4,201▲ 329%
Working capital€21,965▲ 46.0%€14,210below the sector's middle half▼ 35.3%€14,415within the sector's middle half▲ 1.4%€15,589within the sector's middle half▲ 8.1%€5,416within the sector's middle half▼ 65.3%
Solvency84.9%▲ 19.9pp58.1%above the sector's middle half▼ 26.9pp70.1%above the sector's middle half▲ 12.0pp94.4%above the sector's middle half▲ 24.3pp58.6%within the sector's middle half▼ 35.8pp
Current ratio5.74▲ 3.042.23within the sector's middle half▼ 3.503.35above the sector's middle half▲ 1.1216.91above the sector's middle half▲ 13.562.29within the sector's middle half▼ 14.62
Return on assets (ROA)11.8%▲ 9.3pp-37.1%below the sector's middle half▼ 48.8pp-7.5%below the sector's middle half▲ 29.5pp11.5%within the sector's middle half▲ 19.0pp-102.9%below the sector's middle half▼ 114.4pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €11,670 after €2,090 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €10,148
Fixed assets
€531 ▼ 33.9%
Current assets
€9,617 ▼ 42.0%
Equity and liabilities €10,148
Equity
€5,947 ▼ 63.7%
Debt
€4,201 ▲ 329%
Debt's share of the balance-sheet total rises from 5.6% to 41.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€11,397▼
2022 · €2,113
Cash flow
-€10,173▼
2022 · €2,016
Debt to equity
0.71▲
2022 · 0.06
ROE
-175.7%▼
2022 · 12.2%
Interest coverage
-83.66▼
2022 · 3.12
Debt ≤ 1 year
€4,201▲
2022 · €980
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €155 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,402 | €2,424 | €1,737 | €23 | €273 | ▲ 1,105% |
| Other operating charges640/8 | - | - | €568 | €454 | €512 | ▲ 12.8% |
| Gross operating margin9900 | €7,695 | -€8,205 | €1,049 | €2,567 | -€10,885 | ▼ 524% |
| Operating profit (loss)9901 | €4,183 | -€11,277 | -€1,411 | €2,090 | -€11,670 | ▼ 658% |
| Financial income75/76B | - | - | €404 | €580 | €1,360 | ▲ 135% |
| Recurring financial income75 | €858 | €637 | €404 | €580 | €1,360 | ▲ 135% |
| Financial charges65/66B | - | - | €541 | €676 | €136 | ▼ 79.9% |
| Recurring financial charges65 | €162 | €539 | €541 | €676 | €136 | ▼ 79.9% |
| Profit (loss) for the period before taxes9903 | €4,879 | -€10,179 | -€1,548 | €1,994 | -€10,446 | ▼ 624% |
| Income taxes67/77 | €1,256 | - | - | - | - | - |
| Profit (loss) for the period9904 | €3,623 | -€10,179 | -€1,548 | €1,994 | -€10,446 | ▼ 624% |
| Profit (loss) for the period to be appropriated9905 | €3,623 | -€10,179 | -€1,548 | €1,994 | -€10,446 | ▼ 624% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30,762 | €27,465 | €20,544 | €17,372 | €10,148 | ▼ 41.6% |
| Fixed assets21/28 | €4,161 | €1,737 | - | €804 | €531 | ▼ 33.9% |
| Tangible fixed assets22/27 | €4,161 | €1,737 | €0 | €804 | €531 | ▼ 33.9% |
| Furniture and vehicles24 | - | - | - | €804 | €531 | ▼ 33.9% |
| Current assets29/58 | €26,601 | €25,728 | €20,544 | €16,569 | €9,617 | ▼ 42.0% |
| Amounts receivable within one year40/41 | €8,970 | €18,099 | €18,238 | €13,253 | €9,617 | ▼ 27.4% |
| Trade receivables40 | - | - | €8,000 | €3,396 | €6,282 | ▲ 85.0% |
| Other amounts receivable41 | - | - | €10,238 | €9,857 | €3,335 | ▼ 66.2% |
| Cash at bank and in hand54/58 | €17,281 | €7,497 | €2,079 | €3,156 | - | - |
| Deferred charges and accrued income490/1 | - | - | €226 | €159 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30,762 | €27,465 | €20,544 | €17,372 | €10,148 | ▼ 41.6% |
| Equity10/15 | €26,126 | €15,947 | €14,399 | €16,393 | €5,947 | ▼ 63.7% |
| Contributions10/11 | €18,200 | €18,200 | €18,200 | €18,200 | €18,200 | = |
| Capital10 | - | - | €18,200 | - | - | - |
| Issued capital100 | - | - | €18,600 | - | - | - |
| Uncalled capital101 | - | - | €400 | - | - | - |
| Outside capital11 | - | - | - | €18,200 | - | - |
| Other1109/19 | - | - | - | €18,200 | - | - |
| Reserves13 | €493 | €493 | €493 | €493 | €493 | = |
| Non-distributable reserves130/1 | - | - | €493 | €493 | - | - |
| Legal reserve130 | - | - | €493 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €493 | - | - |
| Distributable reserves133 | - | - | - | - | €493 | - |
| Profit (loss) carried forward14 | €7,433 | -€2,746 | -€4,294 | -€2,300 | -€12,746 | ▼ 454% |
| Amounts payable17/49 | €4,636 | €11,518 | €6,145 | €980 | €4,201 | ▲ 329% |
| Amounts payable within one year42/48 | €4,636 | €11,518 | €6,129 | €980 | €4,201 | ▲ 329% |
| Financial debts43 | - | - | - | - | €2,136 | - |
| Credit institutions430/8 | - | - | - | - | €2,136 | - |
| Trade debts44 | €984 | €10,262 | €6,129 | €980 | €2,065 | ▲ 111% |
| Suppliers440/4 | - | - | €6,129 | €980 | €2,065 | ▲ 111% |
| Accrued charges and deferred income492/3 | - | - | €16 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,623 | -€10,179 | -€1,548 | €1,994 | -€10,446 | ▼ 624% |
| + Depreciation and write-downs630 | €2,402 | €2,424 | €1,737 | €23 | €273 | ▲ 1,105% |
| Operating cash flow (approximation) | €6,025 | -€7,755 | €189 | €2,016 | -€10,173 | ▼ 605% |
| Investment in fixed assets (approximation) | - | €0 | - | - | €0 | - |
| Change in cash | - | -€9,784 | -€5,418 | €1,077 | - | - |
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
27-04
Bankruptcy
Judicial dissolution, liquidator appointed
Tribunal de l’entreprise du Hainaut, division Mons · liquidator: Alexis Colmant · event 13-04-2026
2024
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 77 days late
2023
31-12
Financial
Weakest financial yearnet -€10,446
Net result drops to -€10,446, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-12
Financial
Back to profitnet €1,994
Net result €1,994 after 2 loss-making years.
31-12
Financial
Liquidity times 5current ratio 16.91
Current ratio from 3.35 to 16.91; short-term debt falls from €6,129 to €980.
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 67 days late
2021
03-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 34 days late
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 83 days late
2019
31-12
Financial
Highest result since 2018net €3,623 ▲485%
Operating result €4,183, net result €3,623, both a record.
31-12
Financial
Liquidity doublescurrent ratio 5.74
Current ratio from 2.70 to 5.74; short-term debt falls from €8,864 to €4,636.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 42 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 16 days late
2015
23-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, La Louvière · 1 establishment unit since 2011
Ground area
760 m²
Building footprint
290 m²
Volume, LiDAR
723 m³
2 parcels, Wallonia · tallest building 9.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FREE BEST CONSTRUCT
since 20112.204.399.135
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25051C0094/00D002 | Wallonia | 572 m² | 1 · 92 m² | 9.1 m · 3 fl. |
| 56033A0006/00T000 | Wallonia | 188 m² | 1 · 197 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,766 companies in this sector we hold annual accounts for 16,066. 7,159 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded13-10-2011
Fiscal year end31-12
Abbreviation FR
FB Construct
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.