FREE-MAC
Open bankruptcyA bankruptcy procedure is open for FREE-MAC according to publications in the Belgian State Gazette; curator: GREGORY WILKIN.
Summary
The 2020 annual accounts show equity of €140,201 and a net result of -€44,073.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Declared bankrupt
- 5 May 2022
- Supervising judge
- Willy Roels
- Official Gazette
- 11-05-2022 (pdf) ↗search the document for 2022/117030
Curator
- Gregory WilkinAmerikalei 187/101, 2000 Antwerpen 1gregory@vermeiren-law.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 22-07-2021, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
9 d early
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Site preparation sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, micro schema
Equity
€140,201▼ 23.9%
2019 · €184,274
Total assets
€184,602▼ 32.3%
2019 · €272,681
Net result
-€44,073
2019 · €7,368
Working capital
€85,465▼ 29.9%
2019 · €121,973
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result-€7,710-€11,356-€42,956
Net result-€11,953-€7,368-€44,073
Equity€176,905-€184,274▲ 4.2%€140,201▼ 23.9%
Total assets€268,266-€272,681▲ 1.6%€184,602▼ 32.3%
Debt€91,360-€88,407▼ 3.2%€44,401▼ 49.8%
Working capital€100,089-€121,973▲ 21.9%€85,465▼ 29.9%
Staff (FTE)2-1.7▼ 15.0%1.2▼ 29.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €42,956 after €11,356 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €184,602
Fixed assets
€55,147 ▼ 12.6%
Current assets
€129,455 ▼ 38.2%
Equity and liabilities €184,602
Equity
€140,201 ▼ 23.9%
Debt
€44,401 ▼ 49.8%
Debt's share of the balance-sheet total falls from 32.4% to 24.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€20,797▼
2019 · €63,797
Cash flow
-€21,913▼
2019 · €59,809
Current ratio
2.94▲
2019 · 2.39
Quick ratio
2.53▲
2019 · 2.12
ROE
-31.4%▼
2019 · 4.0%
ROA
-23.9%▼
2019 · 2.7%
Debt ≤ 1 year
€43,991▼
2019 · €87,599
Income taxes
€674▲
2019 · €467
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,514 | €52,440 | €22,160 | ▼ 57.7% |
| Gross operating margin9900 | €111,073 | €132,729 | €29,562 | ▼ 77.7% |
| Operating profit (loss)9901 | -€7,710 | €11,356 | -€42,956 | ▼ 478% |
| Recurring financial income75 | €16 | €18 | €981 | ▲ 5,347% |
| Recurring financial charges65 | €4,032 | €3,539 | €1,423 | ▼ 59.8% |
| Profit (loss) for the period before taxes9903 | -€11,726 | €7,835 | -€43,399 | ▼ 654% |
| Income taxes67/77 | €227 | €467 | €674 | ▲ 44.4% |
| Profit (loss) for the period9904 | -€11,953 | €7,368 | -€44,073 | ▼ 698% |
| Profit (loss) for the period to be appropriated9905 | -€11,953 | €7,368 | -€44,073 | ▼ 698% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €268,266 | €272,681 | €184,602 | ▼ 32.3% |
| Fixed assets21/28 | €79,439 | €63,108 | €55,147 | ▼ 12.6% |
| Tangible fixed assets22/27 | €79,134 | €62,803 | €54,841 | ▼ 12.7% |
| Financial fixed assets28 | €306 | €306 | €306 | = |
| Current assets29/58 | €188,826 | €209,573 | €129,455 | ▼ 38.2% |
| Stocks and contracts in progress3 | €27,900 | €24,000 | €18,000 | ▼ 25.0% |
| Amounts receivable within one year40/41 | €59,419 | €81,231 | €88,198 | ▲ 8.6% |
| Cash at bank and in hand54/58 | €89,950 | €81,364 | €10,965 | ▼ 86.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €268,266 | €272,681 | €184,602 | ▼ 32.3% |
| Equity10/15 | €176,905 | €184,274 | €140,201 | ▼ 23.9% |
| Contributions10/11 | €127,000 | €127,000 | - | - |
| Reserves13 | €67,244 | €67,244 | €67,244 | = |
| Profit (loss) carried forward14 | -€17,339 | -€9,971 | -€54,043 | ▼ 442% |
| Amounts payable17/49 | €91,360 | €88,407 | €44,401 | ▼ 49.8% |
| Amounts payable after more than one year17 | €1,637 | - | - | - |
| Amounts payable within one year42/48 | €88,738 | €87,599 | €43,991 | ▼ 49.8% |
| Trade debts44 | €21,076 | €61,128 | €17,495 | ▼ 71.4% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,953 | €7,368 | -€44,073 | ▼ 698% |
| + Depreciation and write-downs630 | €54,514 | €52,440 | €22,160 | ▼ 57.7% |
| Operating cash flow (approximation) | €42,561 | €59,809 | -€21,913 | ▼ 137% |
| Investment in fixed assets (approximation) | - | -€36,109 | -€14,198 | ▲ 60.7% |
| Change in cash | - | -€8,586 | -€70,399 | ▼ 720% |
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
2022
11-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 05-05-2022
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€44,073
Net result drops to -€44,073, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Back to profitnet €7,368
Net result €7,368 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
22-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
30-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
12-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 12 days late
2012
28-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Malle · 1 establishment unit since 2003
Ground area
1,159 m²
Building footprint
190 m²
Volume, LiDAR
954 m³
Parcel 11032B0028/00G000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hoogstraatsebaan 182, 2390 Malle
since 20032.125.380.064
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11032B0028/00G000 | Flanders | 1,159 m² | 1 · 190 m² | 8.0 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GREGORY WILKIN AMERIKALEI 187/101,
2000 ANTWERPEN 1 |
05-05-2022 → present |
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Of 8,464 companies in sector 43120 we hold annual accounts for 3,232. 2,653 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded11-04-1995
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
08111Other mining and quarrying
43320Joinery installation
43331Floor and wall tiling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455024228
Also
9925:BE0455024228
Registered
18-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.