FREESPACE
ActiveSummary
FREESPACE has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.1m and a net result of -€12,258. Equity remains stable across the filed financial years (±0.1% per year). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
- Equity
- €9.1m
- Loss
- -€12,258
- Largest shareholder
- BELCOFIM · 25%
- Holdings
- 2
Why 68raises riskLiquidity: current ratio 0.76, cash €7,006, halvedLatest accounts 75 days late; 2 of the last 3 latelowers riskSize: total assets €9.1mEquity €9.1m (99.9% of total assets)Show the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small): better than 82% on solvency, 47% on liquidity, 33% on profitability and 41% on growth.
The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 47 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
Financials · financial year 2025, full format
2025 annual accounts filed late (75 days) Filed on 14 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00559849.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €11,882 in 2025 against €10,595 in 2024; the loss grows.
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 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.01m | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 3.1% |
| Gross operating margin9900 | -€0.01m | €0.5m | -€0.01m | -€0.01m | -€0.01m | -€0.01m | -€0.009m | -€0.01m | ▼ 13.2% |
| Operating profit (loss)9901 | -€0.01m | €0.5m | -€0.02m | -€0.01m | -€0.01m | -€0.01m | -€0.01m | -€0.01m | ▼ 12.1% |
| 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 | €376 | ▲ 4.7% |
| Recurring financial charges65 | €0.01m | €267 | €274 | €0.001m | €0.001m | €0.001m | €359 | €376 | ▲ 4.7% |
| Profit (loss) for the period before taxes9903 | €8.6m | €0.5m | €13.6m | €5.3m | €3.4m | -€0.02m | -€0.01m | -€0.01m | ▼ 11.9% |
| 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 | -€0.01m | ▼ 11.9% |
| Profit (loss) for the period to be appropriated9905 | €8.6m | €0.4m | €13.6m | €5.3m | €3.4m | -€0.02m | -€0.01m | -€0.01m | ▼ 11.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €9.1m | €9.5m | €10.5m | €9.1m | €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 | €9.1m | = |
| Financial fixed assets28 | €9.1m | €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 | €0.007m | ▼ 59.5% |
| Amounts receivable within one year40/41 | - | - | €0.7m | €0 | - | - | €66 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0 | - | - | €66 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.002m | €0.4m | €0.7m | €0.04m | €0.04m | €0.03m | €0.02m | €0.007m | ▼ 59.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €9.1m | €9.5m | €10.5m | €9.1m | €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 | €9.1m | ▼ 0.1% |
| Contributions10/11 | €9.0m | €9.0m | €9.0m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.1m | €0.1m | €1.4m | €6.8m | €9.0m | €9.0m | €9.0m | €9.0m | ▼ 0.1% |
| Non-distributable reserves130/1 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Legal reserve130 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Distributable reserves133 | - | - | - | €6.0m | €8.2m | €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 | €0.009m | ▲ 27.2% |
| Amounts payable within one year42/48 | €0.007m | €0.4m | €0.03m | €2.3m | €0.007m | €0.007m | €0.007m | €0.009m | ▲ 27.2% |
| Trade debts44 | €0.007m | €0.008m | €0.02m | €0.007m | €0.007m | €0.007m | €0.007m | €0.009m | ▲ 27.2% |
| Suppliers440/4 | - | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.009m | ▲ 27.2% |
| 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 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8.6m | €0.4m | €13.6m | €5.3m | €3.4m | -€0.02m | -€0.01m | -€0.01m | ▼ 11.9% |
| Operating cash flow (approximation) | €8.6m | €0.4m | €13.6m | €5.3m | €3.4m | -€0.02m | -€0.01m | -€0.01m | ▼ 11.9% |
| Investment in fixed assets (approximation) | - | €0 | €0.03m | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €0.4m | €0.3m | -€0.7m | €0.006m | -€0.01m | -€0.01m | -€0.01m | ▲ 10.9% |
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 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 14-10-2026 | 2026-00559849 |
| 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 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
4 ownersOwners 4
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25%
-
25%
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25%
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25%
According to the 2025 annual accounts of FREESPACE and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 2025
- Equity €12.3mResult -€1.6m43.13%
- Equity €1.0mResult -€62,25243.13%
According to the 2025 annual accounts of FREESPACE and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
Show earlier events
About the unread acts
We know of 4 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44032A0472/00N003 | Flanders | 3,879 m² | 1 · 1,129 m² | 49.1 m · 2 |