FREESPIRIT SIGN COMPANY
ActiveFREESPIRIT SIGN COMPANY has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2k and a net result of €13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 3451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency14▼-23
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.99 against 0.68 in 2024), and 95.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 3451 sector peers (2025).
NBB · sector comparisonPosition among 3451 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
1 d early
2022
29 d late
2021
131 d late
2020
293 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k
2024 · €-11k
2020: €15k
2021: €-1k
2022: €-12k
2023: €-14k
2024: €-11k
2020 → 2025
Total assets
€44k▼ 3.5%
2024 · €45k
2020: €49k
2021: €65k
2022: €47k
2023: €30k
2024: €45k
2020 → 2025
Net result
€13k▲ 336%
2024 · €3k
2020: €12k
2021: €-17k
2022: €-11k
2023: €-2k
2024: €3k
2020 → 2025
Working capital
€-215▲ 98.8%
2024 · €-18k
2020: €5k
2021: €-14k
2022: €-21k
2023: €-21k
2024: €-18k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-1k-€-12k▼ 918%€-14k▼ 19.8%€-11k▲ 21.4%€2k
Operating result€-16k-€-10k▲ 40.1%€-1k▲ 87.9%€4k€14k▲ 268%
Net result€-17k-€-11k▲ 34.9%€-2k▲ 78.0%€3k€13k▲ 336%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 268% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €44k
Fixed assets
€2k▼ 71.6%
Current assets
€41k▲ 11.7%
Equity and liabilities €44k
Equity
€2k
Debt
€42k
Debt finances 95.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€20k▲
2024 · €13k
Cash flow
€19k▲
2024 · €12k
Solvency
4.9%▲
2024 · -25.0%
Current ratio
0.99▲
2024 · 0.68
Quick ratio
0.93▲
2024 · 0.63
Debt / equity
19.46▲
2024 · -5.01
ROE
629.2%▲
2024 · -27.3%
ROA
30.8%▲
2024 · 6.8%
Interest coverage
30.18▲
2024 · 14.62
Debt
€42k▼
2024 · €57k
Debt ≤ 1 year
€42k▼
2024 · €55k
Income taxes
€141
Staff costs
€7k▲
2024 · €6k
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€45k€44k▼
Fixed assets21/28€8k€2k▼
Tangible fixed assets22/27€8k€2k▼
Plant, machinery and equipment23€629€105▼
Furniture and vehicles24€1k€951▼
Leasing and similar rights25€5k-
Other tangible fixed assets26€1k€1k▼
Financial fixed assets28€74€74=
Current assets29/58€37k€41k▲
Stocks and contracts in progress3€3k€3k▲
Stocks30/36€3k€3k▲
Amounts receivable within one year40/41€32k€18k▼
Trade receivables40€32k€18k▼
Cash at bank and in hand54/58€2k€20k▲
Deferred charges and accrued income490/1-€338
Equity and liabilities
Total equity and liabilities10/49€45k€44k▼
Equity10/15€-11k€2k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-14k€-860▲
Amounts payable17/49€57k€42k▼
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€55k€42k▼
Current portion of amounts payable after more than one year42€7k€2k▼
Trade debts44€18k€16k▼
Suppliers440/4€18k€12k▼
Bills of exchange payable441-€4k
Taxes, remuneration and social security45€14k€13k▼
Taxes450/3€3k€6k▲
Remuneration and social security454/9€10k€8k▼
Other amounts payable47/48€16k€10k▼
Income statement
Code20242025
Remuneration, social security and pensions62€6k€7k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€6k▼
Other operating charges640/8€803€2k▲
Non-recurring operating charges66A€468€4k▲
Gross operating margin9900€19k€33k▲
Operating profit (loss)9901€4k€14k▲
Financial income75/76B€131€194▲
Recurring financial income75€131€194▲
Financial charges65/66B€865€664▼
Recurring financial charges65€865€664▼
Profit (loss) for the period before taxes9903€3k€14k▲
Income taxes67/77-€141
Profit (loss) for the period9904€3k€13k▲
Profit (loss) for the period to be appropriated9905€3k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-860▲
Profit (loss) brought forward from the previous period14P€-17k€-14k▲
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
Highest result since 2020net €13k ▲336%
Operating result €14k, net result €13k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
09-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 131 days late
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 293 days late
2021
31-12
Financial
Weakest financial yearnet €-17k ▼234%
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Liège · 1 establishment unit since 2019
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.
Quai Henri-Borguet 1474032 LiègeGround area
220 m²
Parcel 62023B0294/00P000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Quai Henri-Borguet 147, 4032 Liège
since 20192.296.992.959
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62023B0294/00P000 | Wallonia | 220 m² | - | - |
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.
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Of 685 companies in sector 74112 we hold annual accounts for 311. 42 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-2019
Fiscal year end31-12
Abbreviation FR
FREESPIRIT
Activities, NACEBEL
74112Other professional, scientific and technical activities
74103Other professional, scientific and technical activities
74109Other professional, scientific and technical activities
74120Graphic design and visual communication
74140Other specialised design activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@prodfreespirit.com