FREERIDE
ActiveThe computed 12-month bankruptcy probability of FREERIDE is 1.8% (moderate). The 2024 annual accounts show equity of €293k and a net result of €-41k. Equity is growing by ~28.6% per year across the filed fiscal years. Its solvency ranks better than 67% of 26043 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability9▼-62
Solvency78▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days only on tighter terms
Liquidity ample (current ratio 2.32 against 2.36 in 2023; short-term debt: 40.7% and cash: 0.6% of total assets), and 46.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
53.1%
Return on assets
-7.4%
Age of the figures
21 mo
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
55 d late
2022
476 d late
2021
31 d late
2020
90 d late
2019
185 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-41k
2023 · €12k
2018: €4k
2019: €6k
2020: €31k
2021: €27k
2022: €186k
2023: €12k
2018 → 2024
Working capital
€298k▼ 9.5%
2023 · €329k
2018: €64k
2019: €71k
2020: €90k
2021: €121k
2022: €311k
2023: €329k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€115k-€143k▲ 24.0%€328k▲ 130%€335k▲ 1.9%€293k▼ 12.3%
Operating result€47k-€44k▼ 8.0%€251k▲ 474%€23k▼ 90.7%€-35k
Net result€31k-€27k▼ 15.7%€186k▲ 601%€12k▼ 93.4%€-41k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €35k after €23k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €553k
Fixed assets
€30k▼ 32.6%
Current assets
€523k▼ 8.4%
Equity and liabilities €553k
Equity
€293k▼ 12.3%
Debt
€260k▼ 7.6%
The debt ratio rises from 45.6% to 46.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-20k▼
2023 · €40k
Cash flow
€-26k▼
2023 · €29k
Solvency
53.1%▼
2023 · 54.4%
Current ratio
2.32▼
2023 · 2.36
Quick ratio
0.18▼
2023 · 0.40
Debt / equity
0.88▲
2023 · 0.84
ROE
-14.0%▼
2023 · 3.6%
ROA
-7.4%▼
2023 · 2.0%
Interest coverage
-3.09▼
2023 · 6.52
Debt
€260k▼
2023 · €281k
Debt ≤ 1 year
€225k▼
2023 · €242k
Debt > 1 year
€35k▼
2023 · €39k
Staff costs
€39k▼
2023 · €50k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€615k€553k▼
Fixed assets21/28€45k€30k▼
Intangible fixed assets21€2k-
Tangible fixed assets22/27€42k€30k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€37k€26k▼
Other tangible fixed assets26€5k€3k▼
Financial fixed assets28€500€500=
Current assets29/58€571k€523k▼
Stocks and contracts in progress3€475k€483k▲
Stocks30/36€475k€483k▲
Amounts receivable within one year40/41€83k€35k▼
Trade receivables40€79k€21k▼
Other amounts receivable41€4k€15k▲
Cash at bank and in hand54/58€12k€3k▼
Deferred charges and accrued income490/1€1k€1k=
Equity and liabilities
Total equity and liabilities10/49€615k€553k▼
Equity10/15€335k€293k▼
Contributions10/11€60k€60k=
Reserves13€4k€4k=
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Profit (loss) carried forward14€270k€229k▼
Amounts payable17/49€281k€260k▼
Amounts payable after more than one year17€39k€35k▼
Financial debts170/4€39k€35k▼
Amounts payable within one year42/48€242k€225k▼
Current portion of amounts payable after more than one year42€5k€5k▲
Financial debts43€74€74=
Credit institutions430/8€74€74=
Trade debts44€84k€116k▲
Suppliers440/4€84k€116k▲
Taxes, remuneration and social security45€99k€51k▼
Taxes450/3€90k€28k▼
Remuneration and social security454/9€9k€22k▲
Other amounts payable47/48€54k€53k▼
Income statement
Code20232024
Remuneration, social security and pensions62€50k€39k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€15k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€2k€2k▲
Gross operating margin9900€93k€21k▼
Operating profit (loss)9901€23k€-35k▼
Financial income75/76B€786€38▼
Recurring financial income75€786€38▼
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€18k€-41k▼
Income taxes67/77€6k-
Profit (loss) for the period9904€12k€-41k▼
Profit (loss) for the period to be appropriated9905€12k€-41k▼
Appropriation of the result
Profit (loss) to be appropriated9906€270k€229k▼
Profit (loss) brought forward from the previous period14P€258k€270k▲
Profit to be distributed694/7€0-
Directors or managers695€0-
Social balance
Average headcount (FTE)90871.2-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Weakest financial yearnet €-41k ▼438%
Net result drops to €-41k, the lowest in the series.
18-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 55 days late
18-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 476 days late
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 55 days late
2022
31-12
Financial
Highest result since 2018net €186k ▲601%
Operating result €251k, net result €186k, both a record.
31-12
Financial
Equity above €200kEq €328k ▲130%
5 profitable years in a row build equity to €328k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
01-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 185 days late
2020
31-12
Financial
Equity above €100kEq €115k ▲37.6%
3 profitable years in a row build equity to €115k.
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Elsene · 1 establishment unit since 2014
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.
Elsense Steenweg 3191050 ElseneGround area
183 m²
Building footprint
140 m²
Volume, LiDAR
1,918 m³
Parcel 21444B0008/00V006, Brussels · tallest building 19.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
FREERIDE
since 20142.238.331.814
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0008/00V006 | Brussels | 183 m² | 1 · 140 m² | 19.5 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
FRANCISPORTS
BE 0433.181.808
Welkenraedt · Eq €291k
B&C Groupe
BE 0783.635.284
Ottignies-Louvain-la-Neuve · Eq €291k
SEA & SKI
BE 0425.531.476
Kortrijk · Eq €290k
EXCLUSIVE SPORTSBOATS
BE 0867.259.677
Maaseik · Eq €290k
JLC Piscines et Wellness
BE 0463.202.318
Verviers · Eq €289k
Of 1,314 companies in sector 47639 we hold annual accounts for 624. 460 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-10-2014
Fiscal year end31-12
Activities, NACEBEL
47639Retail sale of other sporting goods
47640Retail trade
62900Other information technology and computer services
79120Travel agency, tour operator and other reservation service and related activities
85510Sports and recreation education
Sources
Crossroads Bank for EnterprisesNational Bank · 11 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.
Contact details
2 entriesWebsite:www.billy.be
Phone:026406465