Result
-€3,031 -€3,031
From profit to loss in 2025, after a profit of €418,355 in 2024.
FREE TIME
Lifetime
16 annual accounts with figures on one time axis, 36 filings since 1986peak €614,764 (2024)
-€6,644▼ €621,408
lowest -€97,394 (2012)
-€3,031▼ €421,386
peak €427,315 (2024)
€324,284▼ 24.1%
€6,550▼ 36.1%
peak 1 FTE (2016)
-not published
Board5 names since 2012
3 directorsHOUSIAUX Philippe Georges Albert Alexis Fernand and 2 others
Documentsfilings and deeds
29-09-202660 days late
2025abbreviated format
Gross margin from €614,764 to -€6,644Loss of €3,031Registered office moved from Hoeilaart to Watermael-Boitsfort 30-10Equity from €427,315 to €324,284Debts from €10,248 to €6,550Cash from €25,449 to €46,679
Key points
from the 2025 annual accountsInvestments
€2,315 7.6 × depreciation
Green is investment, beige is depreciation.
Payment terms
33 days to suppliers
FREE TIME pays its suppliers 13 days later than in 2024.
Liquidity
80.74 was 55.50 in 2024
Short-term debts fell from €10,248 to €6,550.
Filings
36 annual accounts since 1986
Five of the last ten came late. The 2017 accounts came latest: 89 days after the end of the period.
At the same address
13 companies
Checked score
55
Fair
Financially stronger than 43% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.6%
01-2025: 4.0%▲ +0.4 percentage points vs 12-2024
02-2025: 5.4%▲ +1.4 percentage points vs 01-2025highest value
03-2025: 5.4%● unchanged vs 02-2025highest value
04-2025: 5.4%● unchanged vs 03-2025highest value
05-2025: 5.4%● unchanged vs 04-2025highest value
06-2025: 5.4%● unchanged vs 05-2025highest value
07-2025: 5.4%● unchanged vs 06-2025highest value
08-2025: 5.4%● unchanged vs 07-2025highest value
09-2025: 5.4%● unchanged vs 08-2025highest value
10-2025: 0.2%▼ -5.2 percentage points vs 09-2025lowest value
11-2025: 0.7%▲ +0.5 percentage points vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 1.3%▲ +0.6 percentage points vs 02-2026
04-2026: 1.4%▲ +0.1 percentage points vs 03-2026
05-2026: 1.4%● unchanged vs 04-2026
06-2026: 1.6%▲ +0.2 percentage points vs 05-2026
07-2026: 1.6%● unchanged vs 06-2026
08-2026: 2.1%▲ +0.5 percentage points vs 07-2026
09-2026: 2.7%▲ +0.6 percentage points vs 08-2026
10-2026: 1.7%▼ -1.0 percentage point vs 09-2026
11-2026: 1.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 60 days late; 2 of the last 3 accounts late
1 change of registered office in 24 months
Ex-officio strike-off in the KBO
lowers risk
Founded in 1986
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 67% of them on solvency, 67% on liquidity, 21% on profitability and 17% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as FREE TIME has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FREE TIME itself is higher: 1.7% within 12 months. It rests on far more data about FREE TIME than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for FREE TIME. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 80.74 (55.5 in 2024), above the usual 1.5. Short-term debt is 1.2% and cash 8.8% of total assets. 38.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · 2025 accounts filed 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
60 days late
2024
42 days late
2022
35 days early
2021
4 days early
2020
26 days late
2018
1 day early
2017
89 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 25 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 2 notices about the company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Searched, nothing found (1)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Address strikeout annulled
KBO administration
Address struck
effective 27-11-2025 · KBO administration
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0428614393
Registered office moved from Hoeilaart to Watermael-Boitsfort
New registered office: Groenkraaglaan 5, 1170 Watermaal-Bosvoorde · Previous registered office: Victor Marchandstraat 1, 1560 Hoeilaart · General meeting of 23-10-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FREE TIME Watermael-Boitsfort | €530,834 | -€6,644 | 61.1% | - |
| DELCORDE ET WILBERZ Schaerbeek | €576,530 | -€14,497 | 21.4% | - |
| ETS. SCHMITZ et CO Forest | €449,042 | -€13,983 | 79.3% | - |
| Van Dyck Specials Namur | €454,343 | -€150,386 | 39.7% | - |
| ETABLISSEMENTS DEPIERE Tournai | €703,966 | -€2,958 | 99.3% | - |
| C.W.S. TOOLS Tessenderlo-Ham | €468,173 | -€21,673 | 41.2% | 1 |
| B.O.Y. Mol | €540,223 | -€117,545 | -75.9% | - |
These companies have the same main activity as FREE TIME: wholesale of machine tools (NACE 46620). They are comparable in size and age: total assets between €449,000 and €704,000, founded between 1980 and 1992.
Official details
Source: KBO- Status
- Active since 28-02-1986Normal situation
- Registered office
- 14 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Wholesale of machine toolsNACE 46620
- Establishment unit
- 2.031.848.2111560 Hoeilaart, since 20-11-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Insights on FREE TIME
FREE TIME files the abbreviated format. That format states no turnover. The gross margin fell from €60,655 in 2007 to -€6,644 in 2025.
The balance sheet grew most in 2008 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FREE TIME
- What is the company number of FREE TIME?
- The company number of FREE TIME is 0428.614.393. The VAT number is the same number with BE in front: BE 0428.614.393.
- Where is FREE TIME based?
- The registered office is at Groenkraaglaan 5, 1170 Watermael-Boitsfort.Company details
- What does FREE TIME do?
- According to the KBO register, the main activity is wholesale of machine tools (NACE 46620).
- What is the legal form of FREE TIME?
- FREE TIME is a private limited company (BV).
- When was FREE TIME founded?
- FREE TIME was founded on 28-02-1986.
- Is FREE TIME still active?
- Yes, FREE TIME is an active enterprise in the KBO register.
- What is the turnover of FREE TIME?
- The annual accounts for financial year 2025 state no turnover. In financial year 2024 turnover was €730,440.Financials
- Is FREE TIME profitable?
- In financial year 2025, FREE TIME made a loss of €3,031.
- Where can I find the annual accounts of FREE TIME?
- FREE TIME filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FREE TIME due?
- FREE TIME must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
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