Skip to content

FREECONCEPT

Active
Private limited company (pre-2019)founded 201115 yrs activeRue des Croix du Feu(L.L) 1, 7100 La Louvière, BelgiumKBO/BCE: BE 0836.872.547
Summary

FREECONCEPT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7,338 and a net result of €329. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 83% of 1912 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability47▲+13
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 7.18 against 7.33 in 2024; short-term debt: 13.9% and cash: 6.2% of total assets), and 13.9% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 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 filings
Deviation from the deadline
2025
4 d late
2024
10 d early
2023
3 d early
2022
41 d late
2021
23 d late
2020
44 d late
2019
20 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 17 days after the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
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

History

On 9 June 2011, FREECONCEPT was incorporated.1 Total assets went from EUR 10,816 in 2018 to EUR 8,525 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Turnover
€295
EBIT margin
81.5%
Net result
€329
2024 · -€122
Working capital
€7,338▲ 4.7%
2024 · €7,008
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover
Operating result-€225-€79▲ 64.9%-€196▼ 148%-€76▲ 61.2%€376
Net result-€260below the sector's middle half-€121below the sector's middle half▲ 53.6%-€243below the sector's middle half▼ 101%-€122below the sector's middle half▲ 49.7%€329within the sector's middle half
EBIT margin
Equity€7,494below the sector's middle half▼ 3.4%€7,373below the sector's middle half▼ 1.6%€7,130below the sector's middle half▼ 3.3%€7,008below the sector's middle half▼ 1.7%€7,338below the sector's middle half▲ 4.7%
Total assets€8,137below the sector's middle half▼ 3.1%€8,016below the sector's middle half▼ 1.5%€8,073below the sector's middle half▲ 0.7%€8,115below the sector's middle half▲ 0.5%€8,525below the sector's middle half▲ 5.0%
Debt€643=€643=€943▲ 46.7%€1,107▲ 17.4%€1,187▲ 7.2%
Working capital€7,494▼ 3.4%€7,373▼ 1.6%€7,130▼ 3.3%€7,008▼ 1.7%€7,338▲ 4.7%
Solvency92.1%above the sector's middle half▼ 0.2pp92.0%above the sector's middle half▼ 0.1pp88.3%above the sector's middle half▼ 3.7pp86.4%above the sector's middle half▼ 2.0pp86.1%above the sector's middle half▼ 0.3pp
above within below the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, 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
-€400-€200€0€200€400Operating result 2021: -€225-€225Net result 2021: -€260-€260Operating result 2022: -€79-€79Net result 2022: -€121-€121Operating result 2023: -€196-€196Net result 2023: -€243-€243Operating result 2024: -€76-€76Net result 2024: -€122-€122Operating result 2025: €376€376Net result 2025: €329€32920212022202320242025-€400-€200€0€200€400Operating result 2023: -€196-€196Net result 2023: -€243-€243Operating result 2024: -€76-€76Net result 2024: -€122-€122Operating result 2025: €376€376Net result 2025: €329€329202320242025
The operating result returns to profit in 2025: €376 after a loss of €76 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €8,525
Equity €7,338 ▲ 4.7%
Debt €1,187 ▲ 7.2%
Debt's share of the balance-sheet total rises from 13.6% to 13.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
7.18▼
2024 · 7.33
Debt to equity
0.16▲
2024 · 0.16
ROE
4.5%▲
2024 · -1.7%
ROA
3.9%▲
2024 · -1.5%
Debt ≤ 1 year
€1,187▲
2024 · €1,107
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.6% went bankrupt
4.0% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 10,891 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€8,115€8,525▲
Current assets29/58€8,115€8,525▲
Amounts receivable within one year40/41€8,000€8,000=
Trade receivables40€8,000€8,000=
Cash at bank and in hand54/58€115€525▲
Equity and liabilities
Total equity and liabilities10/49€8,115€8,525▲
Equity10/15€7,008€7,338▲
Contributions10/11€6,200€6,200=
Reserves13€500€500=
Non-distributable reserves130/1-€500
Reserves not available under the articles1311-€500
Distributable reserves133€500-
Profit (loss) carried forward14€308€638▲
Amounts payable17/49€1,107€1,187▲
Amounts payable within one year42/48€1,107€1,187▲
Trade debts44€240€240=
Suppliers440/4€240€240=
Other amounts payable47/48€867€947▲
Income statement Code20242025
Goods, raw materials, services and sundry goods60/61€76-
Other operating charges640/8-€67
Gross operating margin9900-€76€443▲
Operating profit (loss)9901-€76€376▲
Financial charges65/66B€46€46=
Recurring financial charges65€46€46=
Profit (loss) for the period before taxes9903-€122€329▲
Profit (loss) for the period9904-€122€329▲
Profit (loss) for the period to be appropriated9905-€122€329▲
Appropriation of the result
Profit (loss) to be appropriated9906€308€638▲
Profit (loss) brought forward from the previous period14P€430€308▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Goods, raw materials, services and sundry goods60/61€225--€76--
Other operating charges640/8----€67-
Gross operating margin9900-€225-€79-€196-€76€443▲ 684%
Operating profit (loss)9901-€225-€79-€196-€76€376▲ 596%
Financial charges65/66B€35€42€47€46€46=
Recurring financial charges65€35€42€47€46€46=
Profit (loss) for the period before taxes9903-€260-€121-€243-€122€329▲ 370%
Profit (loss) for the period9904-€260-€121-€243-€122€329▲ 370%
Profit (loss) for the period to be appropriated9905-€260-€121-€243-€122€329▲ 370%
Line20212022202320242025Change
Assets
Total assets20/58€8,137€8,016€8,073€8,115€8,525▲ 5.0%
Current assets29/58€8,137€8,016€8,073€8,115€8,525▲ 5.0%
Amounts receivable within one year40/41€8,000€8,000€8,000€8,000€8,000=
Trade receivables40€8,000€8,000€8,000€8,000€8,000=
Cash at bank and in hand54/58€137€16€73€115€525▲ 356%
Equity and liabilities
Total equity and liabilities10/49€8,137€8,016€8,073€8,115€8,525▲ 5.0%
Equity10/15€7,494€7,373€7,130€7,008€7,338▲ 4.7%
Contributions10/11€6,200€6,200€6,200€6,200€6,200=
Reserves13€500€500€500€500€500=
Non-distributable reserves130/1€500€500--€500-
Reserves not available under the articles1311----€500-
Other1319€500€500----
Distributable reserves133--€500€500--
Profit (loss) carried forward14€794€673€430€308€638▲ 107%
Amounts payable17/49€643€643€943€1,107€1,187▲ 7.2%
Amounts payable within one year42/48€643€643€943€1,107€1,187▲ 7.2%
Trade debts44€240€240€240€240€240=
Suppliers440/4€240€240€240€240€240=
Other amounts payable47/48€403€403€703€867€947▲ 9.2%
Line20212022202320242025Change
Profit (loss) for the period9904-€260-€121-€243-€122€329▲ 370%
Operating cash flow (approximation)-€260-€121-€243-€122€329▲ 370%
Change in cash--€121€57€42€409▲ 882%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
04-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
31-12
Financial Back to profitnet €329
Net result €329 after 4 loss-making years.
21-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
28-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
10-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 41 days late
2022
23-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
13-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 44 days late
2020
31-12
Financial Back to profitnet €206
Net result €206 after 2 loss-making years.
20-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
31-12
Financial Weakest financial yearnet -€2,677
Net result drops to -€2,677, the lowest in the series; recovery starts the following year.
06-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
29-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
23-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
2 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, La Louvière · 1 establishment unit since 2011
seat establishment The establishment unit on the map
Ground area
7,103 m²
Building footprint
471 m²
Volume, LiDAR
11,759 m³
2 parcels, Wallonia · tallest building 29.7 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Le Réseau Immobilier de Belgique/ Réseau RIBE / Freeconcept parapente/paramoteur
Rue du Rondia 23, 1348 Ottignies-Louvain-la-NeuveWholesale trade
since 20112.199.544.185
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25386B0090/00E003 Wallonia 4,321 m² 1 · 48 m² 10.4 m · 3 fl.
55022A0305/00E003 Wallonia 2,782 m² 1 · 422 m² 29.7 m · 9 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 2,783 companies in sector 63910 we hold annual accounts for 698. 360 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 (pre-2019)
Founded09-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
63910Web portal activities
68110Buying and selling of own real estate
93199Other sports activities
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.