FREESPACE
ActiveSummary
FREESPACE has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9.1m and a net result of -€10,954. Equity remains stable across the filed financial years (±0.1% per year). The computed 12-month bankruptcy probability is 1.2% (low).
Financials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 15 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result stays negative: a loss of €10,595 in 2024 against €14,550 in 2023; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.01m | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 1.5% |
| Gross operating margin9900 | -€0.01m | €0.5m | -€0.01m | -€0.01m | -€0.01m | -€0.01m | -€0.009m | ▲ 29.5% |
| Operating profit (loss)9901 | -€0.01m | €0.5m | -€0.02m | -€0.01m | -€0.01m | -€0.01m | -€0.01m | ▲ 27.2% |
| Financial income75/76B | - | - | - | €5.3m | €3.4m | €0 | - | - |
| Recurring financial income75 | €8.7m | €0 | €13.6m | €5.3m | €3.4m | €0 | - | - |
| Financial charges65/66B | - | - | - | €0.001m | €0.001m | €0.001m | €359 | ▼ 57.8% |
| Recurring financial charges65 | €0.01m | €267 | €274 | €0.001m | €0.001m | €0.001m | €359 | ▼ 57.8% |
| Profit (loss) for the period before taxes9903 | €8.6m | €0.5m | €13.6m | €5.3m | €3.4m | -€0.02m | -€0.01m | ▲ 28.9% |
| Income taxes67/77 | €4 | €0.05m | €0.007m | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €8.6m | €0.4m | €13.6m | €5.3m | €3.4m | -€0.02m | -€0.01m | ▲ 28.9% |
| Profit (loss) for the period to be appropriated9905 | €8.6m | €0.4m | €13.6m | €5.3m | €3.4m | -€0.02m | -€0.01m | ▲ 28.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €9.1m | €9.5m | €10.5m | €9.1m | €9.1m | €9.1m | €9.1m | ▼ 0.1% |
| Fixed assets21/28 | €9.1m | €9.1m | €9.1m | €9.1m | €9.1m | €9.1m | €9.1m | = |
| Financial fixed assets28 | €9.1m | €9.1m | €9.1m | €9.1m | €9.1m | €9.1m | €9.1m | = |
| Current assets29/58 | €0.002m | €0.4m | €1.4m | €0.04m | €0.04m | €0.03m | €0.02m | ▼ 39.7% |
| Amounts receivable within one year40/41 | - | - | €0.7m | €0 | - | - | €66 | - |
| Other amounts receivable41 | - | - | - | €0 | - | - | €66 | - |
| Cash at bank and in hand54/58 | €0.002m | €0.4m | €0.7m | €0.04m | €0.04m | €0.03m | €0.02m | ▼ 40.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €9.1m | €9.5m | €10.5m | €9.1m | €9.1m | €9.1m | €9.1m | ▼ 0.1% |
| Equity10/15 | €9.1m | €9.1m | €10.4m | €6.9m | €9.1m | €9.1m | €9.1m | ▼ 0.1% |
| Contributions10/11 | €9.0m | €9.0m | €9.0m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.1m | €0.1m | €1.4m | €6.8m | €9.0m | €9.0m | €9.0m | ▼ 0.1% |
| Non-distributable reserves130/1 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Legal reserve130 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Distributable reserves133 | - | - | - | €6.0m | €8.2m | €8.2m | €8.2m | ▼ 0.1% |
| Profit (loss) carried forward14 | -€0.5m | - | - | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €0.007m | €0.4m | €0.03m | €2.3m | €0.007m | €0.008m | €0.007m | ▼ 5.8% |
| Amounts payable within one year42/48 | €0.007m | €0.4m | €0.03m | €2.3m | €0.007m | €0.007m | €0.007m | = |
| Trade debts44 | €0.007m | €0.008m | €0.02m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Suppliers440/4 | - | - | - | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Taxes, remuneration and social security45 | - | - | - | €0.007m | €0 | - | - | - |
| Taxes450/3 | - | - | - | €0.007m | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €2.2m | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €446 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8.6m | €0.4m | €13.6m | €5.3m | €3.4m | -€0.02m | -€0.01m | ▲ 28.9% |
| Operating cash flow (approximation) | €8.6m | €0.4m | €13.6m | €5.3m | €3.4m | -€0.02m | -€0.01m | ▲ 28.9% |
| Investment in fixed assets (approximation) | - | €0 | €0.03m | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €0.4m | €0.3m | -€0.7m | €0.006m | -€0.01m | -€0.01m | ▲ 23.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 29-09-2025 | 2025-00519374 |
| 31-12-2023 | abbreviated format | 26-08-2024 | 2024-00378057 |
| 31-12-2022 | abbreviated format | 23-08-2023 | 2023-00350172 |
| 31-12-2021 | abbreviated format | 26-08-2022 | 2022-20340083 |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-57600113 |
| 31-12-2019 | abbreviated format | 26-10-2020 | 2020-63200012 |
| 31-12-2018 | abbreviated format | 27-08-2019 | 2019-51800295 |
| 31-12-2017 | abbreviated format | 28-08-2018 | 2018-51500373 |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-54600117 |
| 31-12-2015 | abbreviated format | 29-08-2016 | 2016-49200110 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.