FREELAB
ActiveFREELAB has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104k and a net result of €12k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 17% of 3478 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▼-4
Solvency31▲+1
Growth85=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.38 against 0.22 in 2024; short-term debt: 6.8% and cash: 0% of total assets), and 94.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 74
Relative position
BE, all sectors
reference
Sector 74
lower
← 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
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
5.9%
Return on assets
0.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 3478 sector peers (2025).
NBB · sector comparisonPosition among 3478 sector peers
Solvency
better than 17%
← weakest
strongest →
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
29 d late
2023
on the day
2022
26 d late
2021
29 d late
2020
27 d late
2019
122 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€71k▼ 31.8%
2024 · €103k
2021: €9k
2023: €55k
2024: €103k
2021 → 2025
EBIT margin
79.5%▼ 11.1pp
2024 · 90.6%
2021: 122.6%
2023: 69.8%
2024: 90.6%
2021 → 2025
Net result
€12k▼ 62.6%
2024 · €32k
2018: €3k
2019: €3k
2020: €8k
2021: €4k
2022: €10k
2023: €1k
2024: €32k
2018 → 2025
Working capital
€-75k▲ 1.8%
2024 · €-76k
2018: €-42k
2019: €-54k
2020: €-54k
2021: €-59k
2022: €-59k
2023: €-95k
2024: €-76k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€9k-€55k€103k▲ 87.7%€71k▼ 31.8%
Equity€49k-€58k▲ 19.8%€59k▲ 2.0%€92k▲ 54.4%€104k▲ 13.2%
Operating result€11k-€16k▲ 38.0%€38k▲ 144%€94k▲ 144%€56k▼ 40.1%
Net result€4k-€10k▲ 170%€1k▼ 87.8%€32k▲ 2,642%€12k▼ 62.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.76M
Fixed assets
€1.72M▼ 3.1%
Current assets
€46k▲ 109%
Equity and liabilities €1.76M
Equity
€104k▲ 13.2%
Debt
€1.66M▼ 2.5%
The debt ratio falls from 94.9% to 94.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€110k▼
2024 · €148k
Cash flow
€66k▼
2024 · €87k
Solvency
5.9%▲
2024 · 5.1%
Current ratio
0.38▲
2024 · 0.22
Quick ratio
0.38▲
2024 · 0.22
Debt / equity
16.00▼
2024 · 18.57
ROE
11.7%▼
2024 · 35.2%
ROA
0.7%▼
2024 · 1.8%
Interest coverage
2.57▼
2024 · 3.09
Debt
€1.66M▼
2024 · €1.70M
Debt ≤ 1 year
€120k▲
2024 · €98k
Debt > 1 year
€1.54M▼
2024 · €1.60M
Income taxes
€1k▼
2024 · €14k
Staff costs
€44k▼
2024 · €47k
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€1.79M€1.76M▼
Fixed assets21/28€1.77M€1.72M▼
Tangible fixed assets22/27€1.77M€1.72M▼
Land and buildings22€1.77M€1.72M▼
Current assets29/58€22k€46k▲
Amounts receivable within one year40/41€21k€35k▲
Trade receivables40€21k€31k▲
Other amounts receivable41€0€4k▲
Cash at bank and in hand54/58€771€786▲
Deferred charges and accrued income490/1€0€10k▲
Equity and liabilities
Total equity and liabilities10/49€1.79M€1.76M▼
Equity10/15€92k€104k▲
Contributions10/11€6k€6k=
Reserves13€4k€4k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€2k€2k=
Profit (loss) carried forward14€82k€94k▲
Amounts payable17/49€1.70M€1.66M▼
Amounts payable after more than one year17€1.60M€1.54M▼
Financial debts170/4€1.03M€964k▼
Other amounts payable178/9€574k€576k▲
Amounts payable within one year42/48€98k€120k▲
Current portion of amounts payable after more than one year42€64k€67k▲
Trade debts44€10k€5k▼
Suppliers440/4€10k€5k▼
Taxes, remuneration and social security45€17k€13k▼
Taxes450/3€14k€13k▼
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48€7k€36k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Turnover70€103k€71k▼
Goods, raw materials, services and sundry goods60/61€28k€50k▲
Remuneration, social security and pensions62€47k€44k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€54k=
Other operating charges640/8€13k€11k▼
Gross operating margin9900€208k€165k▼
Operating profit (loss)9901€94k€56k▼
Financial income75/76B€488€0▼
Recurring financial income75€488€0▼
Financial charges65/66B€48k€43k▼
Recurring financial charges65€48k€43k▼
Non-recurring financial charges66B-€10
Profit (loss) for the period before taxes9903€46k€13k▼
Income taxes67/77€14k€1k▼
Profit (loss) for the period9904€32k€12k▼
Profit (loss) for the period to be appropriated9905€32k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€82k€94k▲
Profit (loss) brought forward from the previous period14P€49k€82k▲
The notes to these accounts (5 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Equity above €100kEq €104k ▲13.2%
8 profitable years in a row build equity to €104k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €32k ▲2642%
Operating result €94k, net result €32k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €1k ▼87.8%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brussel · 1 establishment unit since 2003
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.
Legrandlaan 191000 BrusselGround area
482 m²
Building footprint
315 m²
Volume, LiDAR
5,696 m³
2 parcels, Brussels · tallest building 26.4 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
BEEFACTORY
since 20032.126.272.959
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446D0136/00P004 | Brussels | 357 m² | 1 · 222 m² | 26.4 m · 7 fl. |
| 21822R0226/00A010 | Brussels | 125 m² | 1 · 93 m² | 21.6 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ARCHITECTE MAURICE LANTIN
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CPI ARCHITECTURE
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Of 14,143 companies in sector 74201 we hold annual accounts for 2,612. 2,188 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-12-2002
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
74201Photography, excluding press photography
74811
62900Other information technology and computer services
72600
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.