FREEB
ActiveSummary
FREEB has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €275,679 and a net result of €25,666. Equity is growing by ~20.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▼-7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 23.92 against 13.96 in 2023; short-term debt: 3.7% and cash: 1.2% of total assets), and 3.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
72 d early
2023
34 d early
2022
26 d early
2021
58 d early
2020
65 d early
2019
46 d early
← 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 48 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 24 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
€275,679▲ 6.4%
2023 · €259,013
Total assets
€286,390▲ 3.8%
2023 · €275,832
Net result
€25,666▼ 37.2%
2023 · €40,839
Working capital
€240,526▲ 13.9%
2023 · €211,158
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 46, Wholesale trade, 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
Line20202021202220232024
Operating result€53,243▲ 232%€50,760▼ 4.7%€68,710▲ 35.4%€59,811▼ 13.0%€36,039▼ 39.7%
Net result€37,319above the sector's middle half▲ 185%€35,641above the sector's middle half▼ 4.5%€51,057above the sector's middle half▲ 43.3%€40,839above the sector's middle half▼ 20.0%€25,666within the sector's middle half▼ 37.2%
Equity€153,477above the sector's middle half▲ 32.1%€189,118above the sector's middle half▲ 23.2%€230,175above the sector's middle half▲ 21.7%€259,013above the sector's middle half▲ 12.5%€275,679above the sector's middle half▲ 6.4%
Total assets€183,610within the sector's middle half▲ 9.1%€207,493within the sector's middle half▲ 13.0%€265,126within the sector's middle half▲ 27.8%€275,832within the sector's middle half▲ 4.0%€286,390within the sector's middle half▲ 3.8%
Debt€30,133▼ 42.2%€18,375▼ 39.0%€34,951▲ 90.2%€16,819▼ 51.9%€10,711▼ 36.3%
Working capital€96,817within the sector's middle half▲ 175%€155,897above the sector's middle half▲ 61.0%€161,652above the sector's middle half▲ 3.7%€211,158above the sector's middle half▲ 30.6%€240,526above the sector's middle half▲ 13.9%
Solvency83.6%above the sector's middle half▲ 14.6pp91.1%above the sector's middle half▲ 7.6pp86.8%above the sector's middle half▼ 4.3pp93.9%above the sector's middle half▲ 7.1pp96.3%above the sector's middle half▲ 2.4pp
Current ratio4.25above the sector's middle half▲ 2.5210.24above the sector's middle half▲ 5.995.77above the sector's middle half▼ 4.4613.96above the sector's middle half▲ 8.1923.92above the sector's middle half▲ 9.95
Return on assets (ROA)20.3%above the sector's middle half▲ 12.5pp17.2%above the sector's middle half▼ 3.1pp19.3%above the sector's middle half▲ 2.1pp14.8%above the sector's middle half▼ 4.5pp9.0%within the sector's middle half▼ 5.8pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 40% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €286,390
Fixed assets
€35,369 ▼ 26.9%
Current assets
€251,021 ▲ 10.4%
Equity and liabilities €286,390
Equity
€275,679 ▲ 6.4%
Debt
€10,711 ▼ 36.3%
Debt's share of the balance-sheet total falls from 6.1% to 3.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49,056▼
2023 · €81,045
Cash flow
€38,683▼
2023 · €62,072
Debt to equity
0.04▼
2023 · 0.06
ROE
9.3%▼
2023 · 15.8%
Interest coverage
106.64▼
2023 · 630.35
Debt ≤ 1 year
€10,495▼
2023 · €16,288
Income taxes
€11,713▼
2023 · €19,965
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €124 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,069 | €23,028 | €13,957 | €21,233 | €13,017 | ▼ 38.7% |
| Other operating charges640/8 | - | €4,402 | €5,396 | €3,852 | €3,895 | ▲ 1.1% |
| Gross operating margin9900 | €92,319 | €78,314 | €88,064 | €84,896 | €52,951 | ▼ 37.6% |
| Operating profit (loss)9901 | €53,243 | €50,760 | €68,710 | €59,811 | €36,039 | ▼ 39.7% |
| Financial income75/76B | - | €127 | €1,301 | €1,121 | €1,800 | ▲ 60.6% |
| Recurring financial income75 | €8 | €127 | €1,301 | €1,121 | €1,800 | ▲ 60.6% |
| Financial charges65/66B | - | €163 | €992 | €129 | €460 | ▲ 258% |
| Recurring financial charges65 | €289 | €163 | €992 | €129 | €460 | ▲ 258% |
| Profit (loss) for the period before taxes9903 | €52,961 | €50,723 | €69,019 | €60,804 | €37,379 | ▼ 38.5% |
| Income taxes67/77 | €15,642 | €15,082 | €17,962 | €19,965 | €11,713 | ▼ 41.3% |
| Profit (loss) for the period9904 | €37,319 | €35,641 | €51,057 | €40,839 | €25,666 | ▼ 37.2% |
| Profit (loss) for the period to be appropriated9905 | €37,319 | €35,641 | €51,057 | €40,839 | €25,666 | ▼ 37.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €183,610 | €207,493 | €265,126 | €275,832 | €286,390 | ▲ 3.8% |
| Fixed assets21/28 | €57,009 | €34,718 | €69,620 | €48,386 | €35,369 | ▼ 26.9% |
| Tangible fixed assets22/27 | €52,869 | €29,841 | €65,480 | €44,246 | €31,229 | ▼ 29.4% |
| Land and buildings22 | - | €16,432 | €15,011 | €5,325 | €3,855 | ▼ 27.6% |
| Plant, machinery and equipment23 | - | €4,094 | €4,762 | €3,087 | €1,411 | ▼ 54.3% |
| Furniture and vehicles24 | - | €9,315 | €45,706 | €35,835 | €25,963 | ▼ 27.5% |
| Financial fixed assets28 | €4,140 | €4,877 | €4,140 | €4,140 | €4,140 | = |
| Current assets29/58 | €126,601 | €172,775 | €195,506 | €227,446 | €251,021 | ▲ 10.4% |
| Amounts receivable after more than one year29 | - | - | - | - | €50,000 | - |
| Other amounts receivable291 | - | - | - | - | €50,000 | - |
| Amounts receivable within one year40/41 | €4,834 | €26,865 | €10,633 | €2,340 | €3,034 | ▲ 29.6% |
| Trade receivables40 | - | €1,117 | €175 | €61 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €25,748 | €10,457 | €2,279 | €3,034 | ▲ 33.1% |
| Current investments50/53 | €104,000 | €135,000 | €155,000 | €210,000 | €190,574 | ▼ 9.3% |
| Cash at bank and in hand54/58 | €7,239 | €5,059 | €10,605 | €2,518 | €3,580 | ▲ 42.1% |
| Deferred charges and accrued income490/1 | - | €5,852 | €19,269 | €12,587 | €3,834 | ▼ 69.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €183,610 | €207,493 | €265,126 | €275,832 | €286,390 | ▲ 3.8% |
| Equity10/15 | €153,477 | €189,118 | €230,175 | €259,013 | €275,679 | ▲ 6.4% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €133,477 | €169,118 | €210,175 | €239,013 | €255,679 | ▲ 7.0% |
| Non-distributable reserves130/1 | - | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | - | - | - | - |
| Distributable reserves133 | - | €167,118 | €210,175 | €239,013 | €255,679 | ▲ 7.0% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €30,133 | €18,375 | €34,951 | €16,819 | €10,711 | ▼ 36.3% |
| Amounts payable within one year42/48 | €29,783 | €16,878 | €33,854 | €16,288 | €10,495 | ▼ 35.6% |
| Trade debts44 | €599 | €2,154 | €18,416 | €10,635 | €2,953 | ▼ 72.2% |
| Suppliers440/4 | - | €2,154 | €18,416 | €10,635 | €2,953 | ▼ 72.2% |
| Taxes, remuneration and social security45 | - | €14,725 | €15,438 | €3,641 | €93 | ▼ 97.5% |
| Taxes450/3 | - | €14,725 | €15,438 | €3,641 | €93 | ▼ 97.5% |
| Other amounts payable47/48 | - | - | - | €2,012 | €7,450 | ▲ 270% |
| Accrued charges and deferred income492/3 | - | €1,497 | €1,097 | €531 | €216 | ▼ 59.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,319 | €35,641 | €51,057 | €40,839 | €25,666 | ▼ 37.2% |
| + Depreciation and write-downs630 | €34,069 | €23,028 | €13,957 | €21,233 | €13,017 | ▼ 38.7% |
| Operating cash flow (approximation) | €71,388 | €58,669 | €65,014 | €62,072 | €38,683 | ▼ 37.7% |
| Investment in fixed assets (approximation) | - | -€737 | -€48,859 | €0 | €0 | - |
| Change in cash | - | -€2,180 | €5,546 | -€8,087 | €1,061 | ▲ 113% |
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
Next filing, fiscal year 2026, expected by
2026
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
11-05
State Gazette act
Purpose · Statutes amendment · MiscellaneousPurpose change · Power of attorney5 facts ▸
State Gazette act
Purpose · Statutes amendment · Miscellaneous
Purpose change · Power of attorney5 facts ▸
- General meeting, 06-05-2026
- Purpose change
- Statutes amendment
- Power of attorney
- Power of attorney, Stijn RIJCKBOSCH
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 13.96
Current ratio from 5.77 to 13.96; short-term debt falls from €33,854 to €16,288.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €51,057 ▲43.3%
Operating result €68,710, net result €51,057, both a record.
31-12
Financial
Equity above €200,000Eq €230,175 ▲21.7%
5 profitable years in a row build equity to €230,175.
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 10.24
Current ratio from 4.25 to 10.24; short-term debt falls from €29,783 to €16,878.
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 4.25
Current ratio from 1.73 to 4.25; short-term debt falls from €48,156 to €29,783.
Show earlier events
31-12
Financial
Equity above €150,000Eq €153,477 ▲32.1%
3 profitable years in a row build equity to €153,477.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not 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: 1 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Erpe-Mere · 1 establishment unit since 2012
Ground area
917 m²
Building footprint
176 m²
Volume, LiDAR
842 m³
Parcel 41016B0235/00W005, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FREEB
since 2012unit no. 2.205.330.335
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41016B0235/00W005 | Flanders | 917 m² | 1 · 176 m² | 7.5 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.
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Of 117 companies in this sector we hold annual accounts for 74. 50 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
Founded23-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
46498Wholesale trade
79901Tourist information services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0842060364
Also
9925:BE0842060364
Registered
07-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.