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Free - Time

Open bankruptcy
Non-profit associationfounded 1990Nieuwevaart 118, 9000 Gent, BelgiumKBO/BCE: BE 0442.350.385

A bankruptcy procedure is open for Free - Time according to publications in the Belgian State Gazette; curator: WALTER DEWEPPE.

Summary

The 2025 annual accounts show negative equity (-€78,546) and a net result of -€44,875.

Free - TimeOpen bankruptcy

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 Ghent, Ghent division
Declared bankrupt
31 July 2026
Supervising judge
Toon Sorgeloos
Official Gazette
06-08-2026 (pdf) ↗search the document for 2026/134118

Deadlines

Provisional date payments stopped
27 July 2026Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
Appeal or third-party opposition until
passed on 21 August 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 30 August 2026art. XX.104 and XX.155 CEL
First verification report
passed on 4 September 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
Late claim until
31 July 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.

File a claim in RegSol ↗ Watch 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.Creditor guide for this company

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Overview

What they do
Other sports activities
NACE 93199
1 site
How big
€245,242total assets 2025
Staff
7.8 FTE
Equity
-€78,546
Loss
-€44,875
Turnover not published (abridged schema)
Financially healthy?
Open bankruptcy: no score
Who decides
Board
1 member
Accounts 94 d early1 of 4 deeds read
Signals- Negative equity- Open bankruptcyLatest accounts filed on timeShow the evidence

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
18192021222325
2018 to 2025 · latest year -€78,546
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator. The KBO register also records: open bankruptcy.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-04-2026, 94 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
94 d early
2024
112 d early
2023
48 d late
2022
62 d early
2021
96 d early
2020
99 d early
2019
115 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 43 days before 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)
neutral · 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
  1. OpeningOndernemingsrechtbank Gent, afdeling Gent ·…
  2. Appointment: Christel De Vleeschauwer (director)Resignations: Lene Verhaegen (director) and…
  3. Annual accounts filedfiscal year 2025 · abbreviated…

Key points

  • Risk: Declared bankrupttrustee: Walter Deweppe 31-07-2026 View
  • Flemish supportawarded 2022 - 2025 €1.2m View
  • One director decidessole director in office 1 View

By topic

Financials

Fiscal year
2025
Total assets
€245,242
Loss
-€44,875
Solvency
-32.0%
Total assets▼ 24.0%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2018
  1. 06-08-2026Opening
  2. 22-06-2026Appointment: Christel De Vleeschauwer (director)
  3. 28-04-2026Annual accounts filed
Go to Timeline

Support & recognitions

Funding sources
2
Flemish government
€1.2mawarded · 2022 - 2025
Federal government
1 payment2025
Go to Support & recognitions

Company details

Sites
1
Legal form
Non-profit association
Activity
Other sports activitiesNACE 93199
Founded
01-03-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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