Freebird
ActiveSummary
Freebird has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-394k) and a net result of €-840k. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 22% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-30
Solvency23▼-14
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.18 against 0.06 in 2024; short-term debt: 101.2% and cash: 1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-1.8%
Return on assets
-3.7%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-394k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
24 d late
2022
31 d late
2021
30 d late
2020
31 d late
2019
69 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-394k
2024 · €447k
2018: €64k
2019: €65k▲ +1.4% vs 2018
2020: €81k▲ +24.4% vs 2019
2021: €91k▲ +12.7% vs 2020
2022: €108k▲ +19.0% vs 2021
2023: €561k▲ +418% vs 2022highest in 8 years
2024: €447k▼ -20.3% vs 2023
2025: €-394k▼ -188% vs 2024lowest in 8 years
2018 → 2025
Total assets
€22.42M▲ 496%
2024 · €3.76M
2018: €524k
2019: €464k▼ -11.6% vs 2018
2020: €430k▼ -7.4% vs 2019
2021: €412k▼ -4.2% vs 2020lowest in 8 years
2022: €422k▲ +2.5% vs 2021
2023: €5.32M▲ +1160% vs 2022
2024: €3.76M▼ -29.3% vs 2023
2025: €22.42M▲ +496% vs 2024highest in 8 years
2018 → 2025
Net result
€-840k
2024 · €146k
2018: €5k
2019: €890▼ -83.7% vs 2018
2020: €16k▲ +1677% vs 2019
2021: €10k▼ -35.4% vs 2020
2022: €17k▲ +68.8% vs 2021
2023: €452k▲ +2524% vs 2022highest in 8 years
2024: €146k▼ -67.7% vs 2023
2025: €-840k▼ -676% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-18.57M▼ 521%
2024 · €-2.99M
2018: €-50khighest in 8 years
2019: €-84k▼ -68.5% vs 2018
2020: €-73k▲ +12.9% vs 2019
2021: €-79k▼ -7.9% vs 2020
2022: €-76k▲ +3.9% vs 2021
2023: €-3.78M▼ -4902% vs 2022
2024: €-2.99M▲ +20.9% vs 2023
2025: €-18.57M▼ -521% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€91k-€108k▲ 19.0%€561k▲ 418%€447k▼ 20.3%€-394k
2021: €91k
2022: €108k▲ +19.0% vs 2021
2023: €561k▲ +418% vs 2022highest in 5 years
2024: €447k▼ -20.3% vs 2023
2025: €-394k▼ -188% vs 2024lowest in 5 years
Operating result€19k-€29k▲ 55.4%€642k▲ 2,077%€274k▼ 57.3%€-447k
2021: €19k
2022: €29k▲ +55.4% vs 2021
2023: €642k▲ +2077% vs 2022highest in 5 years
2024: €274k▼ -57.3% vs 2023
2025: €-447k▼ -263% vs 2024lowest in 5 years
Net result€10k-€17k▲ 68.8%€452k▲ 2,524%€146k▼ 67.7%€-840k
2021: €10k
2022: €17k▲ +68.8% vs 2021
2023: €452k▲ +2524% vs 2022highest in 5 years
2024: €146k▼ -67.7% vs 2023
2025: €-840k▼ -676% vs 2024lowest in 5 years
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 2025: a loss of €447k after €274k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.42M
Fixed assets
€18.31M ▲ 410%
Current assets
€4.11M ▲ 2,250%
Key figures and ratios
EBITDA
€-305k▼
2024 · €302k
Cash flow
€-699k▼
2024 · €174k
Solvency
-1.8%▼
2024 · 11.9%
Current ratio
0.18▲
2024 · 0.06
Debt to equity
-57.58▼
2024 · 7.10
ROA
-3.7%▼
2024 · 3.9%
Interest coverage
-0.73▼
2024 · 2.48
Debt
€22.68M▲
2024 · €3.17M
Debt ≤ 1 year
€22.68M▲
2024 · €3.17M
Income taxes
€28k▲
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.76M€22.42M▲
Fixed assets21/28€3.59M€18.31M▲
Tangible fixed assets22/27€1.39M€2.41M▲
Land and buildings22€1.38M€2.41M▲
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€2.20M€15.90M▲
Current assets29/58€175k€4.11M▲
Amounts receivable within one year40/41€164k€3.89M▲
Trade receivables40€8k€28k▲
Other amounts receivable41€156k€3.86M▲
Cash at bank and in hand54/58€11k€213k▲
Equity and liabilities
Total equity and liabilities10/49€3.76M€22.42M▲
Equity10/15€447k€-394k▼
Contributions10/11€19k€19k=
Reserves13€428k€398k▼
Tax-exempt reserves132€428k€398k▼
Distributable reserves133€46€46=
Profit (loss) carried forward14-€-811k
Provisions and deferred taxes16€143k€133k▼
Deferred taxes168€143k€133k▼
Amounts payable17/49€3.17M€22.68M▲
Amounts payable within one year42/48€3.17M€22.68M▲
Current portion of amounts payable after more than one year42€1.23M€10.55M▲
Trade debts44-€58k
Suppliers440/4-€58k
Taxes, remuneration and social security45€554€3k▲
Taxes450/3€554€3k▲
Other amounts payable47/48€1.94M€12.07M▲
Accrued charges and deferred income492/3€7k€0▼
Income statement
Code20242025
Non-recurring operating income76A€507k€69k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€141k▲
Other operating charges640/8€7k€11k▲
Gross operating margin9900€309k€-295k▼
Operating profit (loss)9901€274k€-447k▼
Financial income75/76B€6k€50k▲
Recurring financial income75€4k€50k▲
Non-recurring financial income76B€3k€0▼
Financial charges65/66B€122k€425k▲
Recurring financial charges65€122k€420k▲
Non-recurring financial charges66B€0€6k▲
Profit (loss) for the period before taxes9903€159k€-822k▼
Transfer from deferred taxes780-€10k
Income taxes67/77€13k€28k▲
Profit (loss) for the period9904€146k€-840k▼
Transfer from tax-exempt reserves789-€30k
Profit (loss) for the period to be appropriated9905€146k€-811k▼
Appropriation of the result
Profit (loss) to be appropriated9906€201k€-811k▼
Profit (loss) brought forward from the previous period14P€55k€0▼
Transfer from equity791/2€59k€0▼
Transfer to equity691/2€46€0▼
To other reserves6921€46€0▼
Profit to be distributed694/7€260k€0▼
Return on contributions (dividend)694€260k€0▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €843k | €507k | €69k | ▼ 86.5% |
| Remuneration, social security and pensions62 | €11k | €45 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €27k | €97k | €28k | €141k | ▲ 411% |
| Other operating charges640/8 | €3k | €5k | €3k | €7k | €11k | ▲ 45.5% |
| Non-recurring operating charges66A | - | €1k | €11k | - | - | - |
| Gross operating margin9900 | €58k | €63k | €753k | €309k | €-295k | ▼ 195% |
| Operating profit (loss)9901 | €19k | €29k | €642k | €274k | €-447k | ▼ 263% |
| Financial income75/76B | €581 | €477 | - | €6k | €50k | ▲ 681% |
| Recurring financial income75 | €581 | €477 | - | €4k | €50k | ▲ 1,209% |
| Non-recurring financial income76B | - | - | - | €3k | €0 | ▼ 100% |
| Financial charges65/66B | €6k | €6k | €36k | €122k | €425k | ▲ 249% |
| Recurring financial charges65 | €6k | €6k | €36k | €122k | €420k | ▲ 245% |
| Non-recurring financial charges66B | - | - | - | €0 | €6k | ▲ 57,160,100% |
| Profit (loss) for the period before taxes9903 | €14k | €24k | €605k | €159k | €-822k | ▼ 618% |
| Transfer from deferred taxes780 | - | - | - | - | €10k | - |
| Transfer to deferred taxes680 | - | - | €143k | - | - | - |
| Income taxes67/77 | €4k | €7k | €10k | €13k | €28k | ▲ 121% |
| Profit (loss) for the period9904 | €10k | €17k | €452k | €146k | €-840k | ▼ 676% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €30k | - |
| Transfer to tax-exempt reserves689 | - | - | €428k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €10k | €17k | €24k | €146k | €-811k | ▼ 655% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €412k | €422k | €5.32M | €3.76M | €22.42M | ▲ 496% |
| Fixed assets21/28 | €375k | €390k | €4.60M | €3.59M | €18.31M | ▲ 410% |
| Tangible fixed assets22/27 | €375k | €390k | €1.93M | €1.39M | €2.41M | ▲ 73.9% |
| Land and buildings22 | €364k | €348k | €1.93M | €1.38M | €2.41M | ▲ 74.2% |
| Plant, machinery and equipment23 | €360 | €1k | - | - | - | - |
| Furniture and vehicles24 | €6k | - | - | €3k | €2k | ▼ 46.2% |
| Leasing and similar rights25 | €5k | €42k | - | - | - | - |
| Financial fixed assets28 | - | - | €2.67M | €2.20M | €15.90M | ▲ 623% |
| Current assets29/58 | €37k | €32k | €718k | €175k | €4.11M | ▲ 2,250% |
| Stocks and contracts in progress3 | €25k | €18k | - | - | - | - |
| Stocks30/36 | €25k | €18k | - | - | - | - |
| Amounts receivable within one year40/41 | €8k | €3k | €107k | €164k | €3.89M | ▲ 2,272% |
| Trade receivables40 | €4k | €1k | €79k | €8k | €28k | ▲ 236% |
| Other amounts receivable41 | €4k | €2k | €27k | €156k | €3.86M | ▲ 2,383% |
| Cash at bank and in hand54/58 | €1k | €8k | €611k | €11k | €213k | ▲ 1,911% |
| Deferred charges and accrued income490/1 | €2k | €2k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €412k | €422k | €5.32M | €3.76M | €22.42M | ▲ 496% |
| Equity10/15 | €91k | €108k | €561k | €447k | €-394k | ▼ 188% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €34k | €34k | €487k | €428k | €398k | ▼ 6.9% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | - | - | €428k | €428k | €398k | ▼ 6.9% |
| Distributable reserves133 | €32k | €32k | €59k | €46 | €46 | = |
| Profit (loss) carried forward14 | €38k | €55k | €55k | - | €-811k | - |
| Provisions and deferred taxes16 | - | - | €143k | €143k | €133k | ▼ 6.9% |
| Deferred taxes168 | - | - | €143k | €143k | €133k | ▼ 6.9% |
| Amounts payable17/49 | €321k | €314k | €4.61M | €3.17M | €22.68M | ▲ 615% |
| Amounts payable after more than one year17 | €205k | €207k | - | - | - | - |
| Financial debts170/4 | €205k | €207k | - | - | - | - |
| Amounts payable within one year42/48 | €115k | €107k | €4.50M | €3.17M | €22.68M | ▲ 616% |
| Current portion of amounts payable after more than one year42 | €30k | €34k | €4.04M | €1.23M | €10.55M | ▲ 758% |
| Trade debts44 | €23k | €6k | €180 | - | €58k | - |
| Suppliers440/4 | €23k | €6k | €180 | - | €58k | - |
| Taxes, remuneration and social security45 | €5k | €14k | - | €554 | €3k | ▲ 494% |
| Taxes450/3 | - | €14k | - | €554 | €3k | ▲ 494% |
| Remuneration and social security454/9 | €5k | - | - | - | - | - |
| Other amounts payable47/48 | €57k | €54k | €460k | €1.94M | €12.07M | ▲ 523% |
| Accrued charges and deferred income492/3 | - | - | €114k | €7k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €17k | €452k | €146k | €-840k | ▼ 676% |
| + Depreciation and write-downs630 | €25k | €27k | €97k | €28k | €141k | ▲ 411% |
| Operating cash flow (approximation) | €35k | €44k | €549k | €174k | €-699k | ▼ 503% |
| Investment in fixed assets (approximation) | - | €-43k | €-4.31M | €985k | €-14.86M | ▼ 1,609% |
| Change in cash | - | €7k | €603k | €-601k | €203k | ▲ 134% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-840k
Net result drops to €-840k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
31-12
Financial
Highest result since 2018net €452k ▲2,524%
Operating result €642k, net result €452k, both a record.
31-12
Financial
Equity above €500kEq €561k ▲418%
6 profitable years in a row build equity to €561k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €100kEq €108k ▲19%
5 profitable years in a row build equity to €108k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Waasmunster · 1 establishment unit since 2011
Ground area
2,538 m²
Building footprint
243 m²
Volume, LiDAR
1,492 m³
Parcel 42342C1571/00A000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Dennenlaan 4, 9250 Waasmunster
since 20112.204.349.843
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42342C1571/00A000 | Flanders | 2,538 m² | 1 · 243 m² | 9.9 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 236 companies in sector 47522 we hold annual accounts for 138. 87 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
Founded20-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
47522Retail trade
Scores and ratios are computed by Checked and are not a credit decision.