FREELANCE SOFTWARE TECHNOLOGY
ActiveSummary
FREELANCE SOFTWARE TECHNOLOGY has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €66k and a net result of €98. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 90% of 9517 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability38▲+27
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 9.77 against 6.52 in 2023; short-term debt: 10.1% and cash: 10.6% of total assets), and 10.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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 dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
37 d early
2022
33 d early
2021
2 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€66k▲ 0.1%
2023 · €65k
2018: €52k
2019: €50k▼ -4.7% vs 2018lowest in 7 years
2020: €52k▲ +4.7% vs 2019
2021: €61k▲ +18.1% vs 2020
2022: €70k▲ +14.6% vs 2021highest in 7 years
2023: €65k▼ -6.6% vs 2022
2024: €66k▲ +0.1% vs 2023
2018 → 2024
Total assets
€73k▼ 5.5%
2023 · €77k
2018: €57klowest in 7 years
2019: €59k▲ +2.3% vs 2018
2020: €59k▲ +0.1% vs 2019
2021: €68k▲ +15.7% vs 2020
2022: €79k▲ +16.0% vs 2021highest in 7 years
2023: €77k▼ -2.0% vs 2022
2024: €73k▼ -5.5% vs 2023
2018 → 2024
Net result
€98
2023 · €-5k
2018: €8k
2019: €-2k▼ -129% vs 2018
2020: €2k▲ +195% vs 2019
2021: €9k▲ +305% vs 2020highest in 7 years
2022: €9k▼ -4.9% vs 2021
2023: €-5k▼ -152% vs 2022lowest in 7 years
2024: €98▲ +102% vs 2023
2018 → 2024
Working capital
€65k▲ 0.2%
2023 · €65k
2018: €50k
2019: €48k▼ -4.6% vs 2018lowest in 7 years
2020: €51k▲ +6.2% vs 2019
2021: €55k▲ +8.9% vs 2020
2022: €68k▲ +23.4% vs 2021highest in 7 years
2023: €65k▼ -5.0% vs 2022
2024: €65k▲ +0.2% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€52k-€61k▲ 18.1%€70k▲ 14.6%€65k▼ 6.6%€66k▲ 0.1%
2020: €52klowest in 5 years
2021: €61k▲ +18.1% vs 2020
2022: €70k▲ +14.6% vs 2021highest in 5 years
2023: €65k▼ -6.6% vs 2022
2024: €66k▲ +0.1% vs 2023
Operating result€7k-€15k▲ 122%€15k▼ 3.7%€-4k€3k
2020: €7k
2021: €15k▲ +122% vs 2020highest in 5 years
2022: €15k▼ -3.7% vs 2021
2023: €-4k▼ -124% vs 2022lowest in 5 years
2024: €3k▲ +177% vs 2023
Net result€2k-€9k▲ 305%€9k▼ 4.9%€-5k€98
2020: €2k
2021: €9k▲ +305% vs 2020highest in 5 years
2022: €9k▼ -4.9% vs 2021
2023: €-5k▼ -152% vs 2022lowest in 5 years
2024: €98▲ +102% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €3k after a loss of €4k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €73k
Fixed assets
€855 =
Current assets
€72k ▼ 5.5%
Equity and liabilities €73k
Equity
€66k ▲ 0.1%
Debt
€7k ▼ 36.9%
Debt's share of the balance-sheet total falls from 15.2% to 10.1%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
9.77▲
2023 · 6.52
Debt to equity
0.11▼
2023 · 0.18
ROE
0.1%▲
2023 · -7.1%
ROA
0.1%▲
2023 · -6.0%
Debt ≤ 1 year
€7k▼
2023 · €12k
Income taxes
€2k▲
2023 · €801
Staff costs
€9k▼
2023 · €11k
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 · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€77k€73k▼
Fixed assets21/28€855€855=
Financial fixed assets28€855€855=
Current assets29/58€76k€72k▼
Amounts receivable within one year40/41€70k€64k▼
Trade receivables40€23k€19k▼
Other amounts receivable41€47k€45k▼
Cash at bank and in hand54/58€6k€8k▲
Deferred charges and accrued income490/1€275€273▼
Equity and liabilities
Total equity and liabilities10/49€77k€73k▼
Equity10/15€65k€66k▲
Contributions10/11€6k€6k=
Reserves13€59k€59k▲
Distributable reserves133€59k€59k▲
Amounts payable17/49€12k€7k▼
Amounts payable within one year42/48€12k€7k▼
Trade debts44€1k€434▼
Suppliers440/4€1k€434▼
Taxes, remuneration and social security45€11k€7k▼
Taxes450/3€11k€7k▼
Income statement
Code20232024
Remuneration, social security and pensions62€11k€9k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k-
Other operating charges640/8€467€491▲
Gross operating margin9900€9k€12k▲
Operating profit (loss)9901€-4k€3k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€272€496▲
Recurring financial charges65€272€496▲
Profit (loss) for the period before taxes9903€-4k€2k▲
Income taxes67/77€801€2k▲
Profit (loss) for the period9904€-5k€98▲
Profit (loss) for the period to be appropriated9905€-5k€98▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€98▲
Transfer from equity791/2€5k-
Transfer to equity691/2-€98
To other reserves6921-€98
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €9k | €9k | €11k | €9k | ▼ 16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €3k | €4k | €1k | - | - |
| Other operating charges640/8 | - | €704 | €546 | €467 | €491 | ▲ 5.2% |
| Gross operating margin9900 | €19k | €28k | €28k | €9k | €12k | ▲ 36.0% |
| Operating profit (loss)9901 | €7k | €15k | €15k | €-4k | €3k | ▲ 177% |
| Financial income75/76B | - | €0 | - | - | €0 | - |
| Recurring financial income75 | €1 | €0 | - | - | €0 | - |
| Financial charges65/66B | - | €412 | €336 | €272 | €496 | ▲ 82.2% |
| Recurring financial charges65 | €580 | €412 | €336 | €272 | €496 | ▲ 82.2% |
| Profit (loss) for the period before taxes9903 | €6k | €15k | €15k | €-4k | €2k | ▲ 159% |
| Income taxes67/77 | €4k | €6k | €6k | €801 | €2k | ▲ 170% |
| Profit (loss) for the period9904 | €2k | €9k | €9k | €-5k | €98 | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | €2k | €9k | €9k | €-5k | €98 | ▲ 102% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59k | €68k | €79k | €77k | €73k | ▼ 5.5% |
| Fixed assets21/28 | €2k | €6k | €2k | €855 | €855 | = |
| Tangible fixed assets22/27 | €770 | €5k | €1k | - | - | - |
| Furniture and vehicles24 | - | €5k | €1k | - | - | - |
| Financial fixed assets28 | €855 | €855 | €855 | €855 | €855 | = |
| Current assets29/58 | €57k | €62k | €77k | €76k | €72k | ▼ 5.5% |
| Amounts receivable within one year40/41 | €50k | €56k | €63k | €70k | €64k | ▼ 8.6% |
| Trade receivables40 | - | €20k | €22k | €23k | €19k | ▼ 17.1% |
| Other amounts receivable41 | - | €36k | €41k | €47k | €45k | ▼ 4.6% |
| Cash at bank and in hand54/58 | €7k | €6k | €14k | €6k | €8k | ▲ 30.9% |
| Deferred charges and accrued income490/1 | - | - | - | €275 | €273 | ▼ 0.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59k | €68k | €79k | €77k | €73k | ▼ 5.5% |
| Equity10/15 | €52k | €61k | €70k | €65k | €66k | ▲ 0.1% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €46k | €55k | €64k | €59k | €59k | ▲ 0.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €53k | €62k | €59k | €59k | ▲ 0.2% |
| Amounts payable17/49 | €7k | €7k | €9k | €12k | €7k | ▼ 36.9% |
| Amounts payable after more than one year17 | €429 | - | - | - | - | - |
| Amounts payable within one year42/48 | €6k | €7k | €9k | €12k | €7k | ▼ 36.9% |
| Current portion of amounts payable after more than one year42 | - | €429 | - | - | - | - |
| Trade debts44 | €145 | €216 | €685 | €1k | €434 | ▼ 57.8% |
| Suppliers440/4 | - | €216 | €685 | €1k | €434 | ▼ 57.8% |
| Taxes, remuneration and social security45 | - | €6k | €8k | €11k | €7k | ▼ 34.9% |
| Taxes450/3 | - | €6k | €8k | €11k | €7k | ▼ 34.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €9k | €9k | €-5k | €98 | ▲ 102% |
| + Depreciation and write-downs630 | €1k | €3k | €4k | €1k | - | - |
| Operating cash flow (approximation) | €4k | €13k | €13k | €-3k | €98 | ▲ 103% |
| Investment in fixed assets (approximation) | - | €-8k | €0 | €0 | €0 | - |
| Change in cash | - | €-1k | €8k | €-8k | €2k | ▲ 123% |
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
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €98
Net result €98 after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €9k ▲305%
Operating result €15k, net result €9k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Aarschot · 1 establishment unit since 1999
Ground area
2,269 m²
Building footprint
118 m²
Volume, LiDAR
629 m³
Parcel 24060A0398/00P000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Wolfsdonksteenweg 46, 3201 Aarschot
since 19992.090.451.552
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24060A0398/00P000 | Flanders | 2,269 m² | 1 · 118 m² | 7.8 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 11,220 companies in sector 82100 we hold annual accounts for 3,511. 2,575 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
Founded02-02-1999
Fiscal year end31-12
Abbreviation NL
F.S.T.
Activities, NACEBEL 2025
82100Office administrative and support services
74301Translation services
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.