FREEDOM
ActiveSummary
The annual accounts of FREEDOM for fiscal year 2026 show a net loss of 55% of the equity at the start of that year. The 2026 annual accounts show equity of €110,616 and a net result of -€136,359. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 50% of 236 sector peers (fiscal year 2026). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability0▼-42
Solvency52▼-11
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.14 against 2.62 in 2025; short-term debt: 41.8% and cash: 50.9% of total assets), but 72.6% of the assets are financed with debt.
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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 2026Solvency, return and age of the figures
Solvency
27.4%
Return on assets
-33.8%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 03-08-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
28 d early
2025
4 d early
2024
19 d early
2023
73 d early
2022
83 d early
2021
34 d early
2020
40 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 40 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-01-2027 close31-08-2027 deadline
History
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Financials · fiscal year 2026, abbreviated schema
Equity
€110,616▼ 55.2%
2025 · €246,975
Total assets
€403,495▼ 37.8%
2025 · €649,055
Net result
-€136,359
2025 · €3,778
Working capital
€191,368▼ 47.5%
2025 · €364,537
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€9,941▼ 54.9%€39,804▲ 300%€47,139▲ 18.4%€3,698▼ 92.2%-€124,936
Net result€5,591▼ 75.1%€25,300▲ 353%€36,850▲ 45.7%€3,778▼ 89.7%-€136,359
Equity€227,341▲ 2.5%€252,641▲ 11.1%€268,450▲ 6.3%€246,975▼ 8.0%€110,616▼ 55.2%
Total assets€573,598▲ 12.2%€716,562▲ 24.9%€674,493▼ 5.9%€649,055▼ 3.8%€403,495▼ 37.8%
Debt€346,257▲ 19.7%€463,921▲ 34.0%€406,043▼ 12.5%€402,080▼ 1.0%€292,879▼ 27.2%
Working capital€238,176▲ 16.4%€413,116▲ 73.5%€405,426▼ 1.9%€364,537▼ 10.1%€191,368▼ 47.5%
Staff (FTE)5▲ 4.2%4▼ 20.0%3.5▼ 12.5%4.1▲ 17.1%4.6▲ 12.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2026 Equity -55% on 2025. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2026: a loss of €124,936 after €3,698 in 2025, the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €403,495
Fixed assets
€43,576 ▼ 27.4%
Current assets
€359,919 ▼ 38.9%
Equity and liabilities €403,495
Equity
€110,616 ▼ 55.2%
Debt
€292,879 ▼ 27.2%
Debt's share of the balance-sheet total rises from 61.9% to 72.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€108,461▼
2025 · €20,177
Cash flow
-€119,884▼
2025 · €20,258
Current ratio
2.14▼
2025 · 2.62
Quick ratio
1.28▲
2025 · 0.67
Debt to equity
2.65▲
2025 · 1.63
ROE
-123.3%▼
2025 · 1.5%
ROA
-33.8%▼
2025 · 0.6%
Interest coverage
-10.71▼
2025 · 2.76
Debt ≤ 1 year
€168,551▼
2025 · €224,467
Debt > 1 year
€119,738▼
2025 · €177,613
Income taxes
€4,074▲
2025 · €2,508
Staff costs
€188,500▲
2025 · €160,094
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,295 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 89% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.6%
went bankrupt
5.9%
stopped otherwise
89%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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%.
| 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 1,295 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €6,787 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €159,695 | €133,304 | €154,991 | €160,094 | €188,500 | ▲ 17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,906 | €12,296 | €16,823 | €16,480 | €16,475 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €18,969 | €45,079 | -€71,611 | ▼ 259% |
| Other operating charges640/8 | €11,828 | €13,572 | €10,333 | €9,880 | €11,407 | ▲ 15.5% |
| Gross operating margin9900 | €191,369 | €198,975 | €248,255 | €235,230 | €19,834 | ▼ 91.6% |
| Operating profit (loss)9901 | €9,941 | €39,804 | €47,139 | €3,698 | -€124,936 | ▼ 3,479% |
| Financial income75/76B | €6,347 | €6,651 | €8,890 | €9,903 | €2,778 | ▼ 72.0% |
| Recurring financial income75 | €6,347 | €6,651 | €8,890 | €9,903 | €2,778 | ▼ 72.0% |
| Financial charges65/66B | €3,796 | €4,677 | €7,301 | €7,315 | €10,126 | ▲ 38.4% |
| Recurring financial charges65 | €3,796 | €4,677 | €7,301 | €7,315 | €10,126 | ▲ 38.4% |
| Profit (loss) for the period before taxes9903 | €12,491 | €41,777 | €48,728 | €6,287 | -€132,285 | ▼ 2,204% |
| Income taxes67/77 | €6,900 | €16,477 | €11,878 | €2,508 | €4,074 | ▲ 62.4% |
| Profit (loss) for the period9904 | €5,591 | €25,300 | €36,850 | €3,778 | -€136,359 | ▼ 3,709% |
| Profit (loss) for the period to be appropriated9905 | €5,591 | €25,300 | €36,850 | €3,778 | -€136,359 | ▼ 3,709% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €573,598 | €716,562 | €674,493 | €649,055 | €403,495 | ▼ 37.8% |
| Fixed assets21/28 | €66,689 | €86,072 | €68,620 | €60,051 | €43,576 | ▼ 27.4% |
| Intangible fixed assets21 | €2,168 | €1,071 | €0 | - | - | - |
| Tangible fixed assets22/27 | €52,611 | €73,092 | €56,711 | €48,141 | €31,666 | ▼ 34.2% |
| Land and buildings22 | €3,983 | €3,054 | €1,940 | €825 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €3,652 | €1,954 | €1,005 | €7,239 | €5,279 | ▼ 27.1% |
| Furniture and vehicles24 | €44,976 | €68,084 | €53,766 | €40,077 | €26,388 | ▼ 34.2% |
| Financial fixed assets28 | €11,910 | €11,910 | €11,910 | €11,910 | €11,910 | = |
| Current assets29/58 | €506,909 | €630,490 | €605,873 | €589,004 | €359,919 | ▼ 38.9% |
| Stocks and contracts in progress3 | €430,509 | €431,627 | €373,697 | €437,514 | €143,465 | ▼ 67.2% |
| Stocks30/36 | €430,509 | €431,627 | €373,697 | €437,514 | €143,465 | ▼ 67.2% |
| Amounts receivable within one year40/41 | €8,194 | €1,741 | €5,447 | €10,367 | €9,710 | ▼ 6.3% |
| Trade receivables40 | €130 | €0 | - | - | €164 | - |
| Other amounts receivable41 | €8,064 | €1,741 | €5,447 | €10,367 | €9,546 | ▼ 7.9% |
| Cash at bank and in hand54/58 | €55,026 | €190,479 | €220,906 | €135,701 | €205,433 | ▲ 51.4% |
| Deferred charges and accrued income490/1 | €13,181 | €6,643 | €5,823 | €5,422 | €1,311 | ▼ 75.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €573,598 | €716,562 | €674,493 | €649,055 | €403,495 | ▼ 37.8% |
| Equity10/15 | €227,341 | €252,641 | €268,450 | €246,975 | €110,616 | ▼ 55.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €208,741 | €234,041 | €249,850 | €228,375 | €121,966 | ▼ 46.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €206,881 | €232,181 | €249,850 | €228,375 | €121,966 | ▼ 46.6% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | -€29,950 | - |
| Amounts payable17/49 | €346,257 | €463,921 | €406,043 | €402,080 | €292,879 | ▼ 27.2% |
| Amounts payable after more than one year17 | €76,696 | €245,750 | €205,098 | €177,613 | €119,738 | ▼ 32.6% |
| Financial debts170/4 | €36,696 | €200,750 | €175,098 | €147,613 | €119,738 | ▼ 18.9% |
| Other amounts payable178/9 | €40,000 | €45,000 | €30,000 | €30,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €268,734 | €217,374 | €200,447 | €224,467 | €168,551 | ▼ 24.9% |
| Current portion of amounts payable after more than one year42 | €17,411 | €16,142 | €25,652 | €27,485 | €29,333 | ▲ 6.7% |
| Financial debts43 | €90,000 | €0 | - | - | - | - |
| Credit institutions430/8 | €90,000 | €0 | - | - | - | - |
| Trade debts44 | €113,206 | €155,940 | €103,337 | €112,543 | €34,510 | ▼ 69.3% |
| Suppliers440/4 | €113,206 | €155,940 | €103,337 | €112,543 | €34,510 | ▼ 69.3% |
| Advances received on contracts in progress46 | €259 | €105 | €357 | €0 | - | - |
| Taxes, remuneration and social security45 | €39,996 | €39,004 | €43,737 | €41,812 | €38,140 | ▼ 8.8% |
| Taxes450/3 | €9,153 | €30,026 | €31,356 | €21,546 | €12,748 | ▼ 40.8% |
| Remuneration and social security454/9 | €30,843 | €8,977 | €12,381 | €20,266 | €25,393 | ▲ 25.3% |
| Other amounts payable47/48 | €7,862 | €6,183 | €27,364 | €42,627 | €66,568 | ▲ 56.2% |
| Accrued charges and deferred income492/3 | €827 | €797 | €498 | €0 | €4,590 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,591 | €25,300 | €36,850 | €3,778 | -€136,359 | ▼ 3,709% |
| + Depreciation and write-downs630 | €9,906 | €12,296 | €16,823 | €16,480 | €16,475 | = |
| Operating cash flow (approximation) | €15,497 | €37,596 | €53,673 | €20,258 | -€119,884 | ▼ 692% |
| Investment in fixed assets (approximation) | - | -€31,679 | €629 | -€7,910 | €0 | ▲ 100% |
| Change in cash | - | €135,453 | €30,427 | -€85,205 | €69,732 | ▲ 182% |
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 2027, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
31-01
Financial
Weakest financial yearnet -€136,359
Net result drops to -€136,359, the lowest in the series.
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-01
Financial
Highest result since 2019net €36,850 ▲45.7%
Operating result €47,139, net result €36,850, both a record.
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Equity above €200,000Eq €221,751 ▲11.3%
3 profitable years in a row build equity to €221,751.
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated 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.
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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, Aalst · 2 establishment units since 2009
Ground area
181 m²
Building footprint
93 m²
Volume, LiDAR
969 m³
2 parcels, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Freedom
since 20092.181.571.273
Freedom
since 20112.201.129.740
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002A0466/00A000 | Flanders | 103 m² | 1 · 93 m² | 13.7 m · 3 fl. |
| 42006C0251/00B000 | Flanders | 79 m² | - | - |
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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 3 entries · 6,389 EUR awarded · 6,389 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,749 EUR | 1,749 EUR |
| 2023 | 2 | 4,640 EUR | 4,640 EUR |
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Of 2,215 companies in sector 47711 we hold annual accounts for 888. 700 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
Founded22-02-2008
Fiscal year end31-01
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
47712Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47721Retail sale of footwear
47722Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0895930404
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.