Free Time Group
ActiveFree Time Group has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.37M and a net result of €263k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 44% of 4122 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-6
Solvency39▼-2
Growth38=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.25 in 2024), and 69% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31%
Return on assets
2.4%
Age of the figures
8 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
40 d early
2022
21 d late
2021
22 d late
2020
1 d early
2019
68 d late
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€168k▼ 97.8%
2020 · €7.66M
2018: €11.46M
2019: €11.43M
2020: €7.66M
2018 → 2021
EBIT margin
115.1%▲ 117.9pp
2020 · -2.8%
2018: 1.8%
2019: -1.7%
2020: -2.8%
2018 → 2021
Net result
€263k▼ 9.1%
2024 · €289k
2018: €96k
2019: €-169k
2020: €-159k
2021: €157k
2022: €295k
2023: €150k
2024: €289k
2018 → 2025
Working capital
€-402k▲ 32.7%
2024 · €-598k
2018: €185k
2019: €-502k
2020: €-4.55M
2021: €-25k
2022: €-153k
2023: €-193k
2024: €-598k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€168k-
Equity€2.84M-€3.04M▲ 6.8%€3.09M▲ 1.6%€3.23M▲ 4.5%€3.37M▲ 4.5%
Operating result€193k-€585k▲ 203%€437k▼ 25.3%€623k▲ 42.4%€582k▼ 6.5%
Net result€157k-€295k▲ 87.8%€150k▼ 49.2%€289k▲ 93.1%€263k▼ 9.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.89M
Fixed assets
€10.65M▲ 9.8%
Current assets
€237k▲ 21.6%
Equity and liabilities €10.89M
Equity
€3.37M▲ 4.5%
Provisions
€343k▼ 4.7%
Debt
€7.17M▲ 13.7%
The debt ratio rises from 63.7% to 65.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€1.16M▲
2024 · €1.09M
Cash flow
€836k▲
2024 · €752k
Solvency
31.0%▼
2024 · 32.6%
Current ratio
0.37▲
2024 · 0.25
Quick ratio
0.37▲
2024 · 0.25
Debt / equity
2.13▲
2024 · 1.95
ROE
7.8%▼
2024 · 8.9%
ROA
2.4%▼
2024 · 2.9%
Interest coverage
8.71▲
2024 · 8.05
Debt
€7.17M▲
2024 · €6.31M
Debt ≤ 1 year
€640k▼
2024 · €793k
Debt > 1 year
€6.52M▲
2024 · €5.50M
Income taxes
€205k▼
2024 · €208k
Staff costs
€0▲
2024 · €-2k
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€9.90M€10.89M▲
Fixed assets21/28€9.70M€10.65M▲
Intangible fixed assets21€1.66M€1.39M▼
Tangible fixed assets22/27€2.53M€3.69M▲
Land and buildings22€2.39M€3.58M▲
Furniture and vehicles24€6k€1k▼
Other tangible fixed assets26€134k€104k▼
Financial fixed assets28€5.51M€5.58M▲
Current assets29/58€195k€237k▲
Amounts receivable within one year40/41€97k€15k▼
Trade receivables40€96k€13k▼
Other amounts receivable41€892€2k▲
Cash at bank and in hand54/58€95k€219k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€9.90M€10.89M▲
Equity10/15€3.23M€3.37M▲
Contributions10/11€1.68M€1.68M=
Capital10€1.68M€1.68M=
Issued capital100€1.68M€1.68M=
Revaluation surpluses12€74k€74k=
Reserves13€814k€763k▼
Non-distributable reserves130/1€168k€168k=
Legal reserve130€168k€168k=
Tax-exempt reserves132€646k€595k▼
Profit (loss) carried forward14€663k€859k▲
Provisions and deferred taxes16€360k€343k▼
Provisions for liabilities and charges160/5€200k€200k=
Major repairs and maintenance162€200k€200k=
Deferred taxes168€160k€143k▼
Amounts payable17/49€6.31M€7.17M▲
Amounts payable after more than one year17€5.50M€6.52M▲
Financial debts170/4€3.09M€4.11M▲
Other amounts payable178/9€2.41M€2.41M▼
Amounts payable within one year42/48€793k€640k▼
Current portion of amounts payable after more than one year42€197k€307k▲
Financial debts43€25k€115k▲
Credit institutions430/8€25k€115k▲
Trade debts44€335k€49k▼
Suppliers440/4€335k€49k▼
Taxes, remuneration and social security45€34k€43k▲
Taxes450/3€34k€43k▲
Other amounts payable47/48€201k€126k▼
Accrued charges and deferred income492/3€14k€14k▼
Income statement
Code20242025
Non-recurring operating income76A€3k€0▼
Remuneration, social security and pensions62€-2k€0▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€464k€574k▲
Other operating charges640/8€205k€190k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€1.29M€1.35M▲
Operating profit (loss)9901€623k€582k▼
Financial income75/76B€5€1▼
Recurring financial income75€5€1▼
Financial charges65/66B€135k€133k▼
Recurring financial charges65€135k€133k▼
Profit (loss) for the period before taxes9903€488k€450k▼
Transfer from deferred taxes780€9k€18k▲
Income taxes67/77€208k€205k▼
Profit (loss) for the period9904€289k€263k▼
Transfer from tax-exempt reserves789€27k€54k▲
Profit (loss) for the period to be appropriated9905€315k€316k▲
Appropriation of the result
Profit (loss) to be appropriated9906€813k€979k▲
Profit (loss) brought forward from the previous period14P€497k€663k▲
Profit to be distributed694/7€150k€120k▼
Return on contributions (dividend)694€150k€120k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
31-12
Financial
Highest result since 2018net €295k ▲87.8%
Net result €295k, the highest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 22 days late
2021
31-12
Financial
Back to profitnet €157k
Net result €157k after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 68 days late
2019
31-12
Financial
Weakest financial yearnet €-169k ▼277%
Net result drops to €-169k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
20 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, Aarschot · 1 establishment unit since 1977
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.
Grote Markt 283200 AarschotGround area
990 m²
Building footprint
720 m²
Volume, LiDAR
7,974 m³
Parcel 24662H0316/00G000, Flanders · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Grote Markt 28, 3200 Aarschot
since 19772.142.830.364
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24662H0316/00G000 | Flanders | 989 m² | 1 · 720 m² | 14.5 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 341 EUR awarded · 341 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 341 EUR |
| 2022 | 1 | 341 EUR | 0 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Similar companies · same sector, comparable size
KLUS
BE 0431.050.281
Beringen · Eq €3.42M
Active Ants Belgium
BE 0759.722.113
Willebroek · Eq €3.43M
Petgamma
BE 0555.912.443
Zoersel · Eq €3.46M
HEETEK
BE 0433.585.446
Antwerpen · Eq €3.49M
VERGOO
BE 0747.820.609
Lier · Eq €3.49M
Of 12,964 companies in sector 47120 we hold annual accounts for 2,176. 469 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-12-1976
Fiscal year end31-12
Abbreviation NL
FTG
Activities, NACEBEL
47120Other non-specialised retail sale
47192Retail trade
52121
46496Wholesale trade
51476
Sources
Crossroads Bank for EnterprisesNational Bank · 49 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.