FreeWood
ActiveSummary
For FreeWood, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €165,651 and a net result of €147,051. Equity is shrinking by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 62% of 37951 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability100=
Solvency94▲+60
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 154 days later.
NBB · 3 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 08-05-2025, 8 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 · 3 filingsDeviation from the deadline
2025
not filed
2024
8 d late
2023
5 d early
2022
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€165,651▲ 791%
2023 · €18,600
Total assets
€239,526▲ 22.2%
2023 · €196,022
Net result
€147,051▲ 167%
2023 · €55,009
Working capital
€87,103
2023 · -€53,029
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€136,038-€82,264▼ 39.5%€201,004▲ 144%
Net result€104,689above the sector's middle half-€55,009within the sector's middle half▼ 47.5%€147,051above the sector's middle half▲ 167%
Equity€204,091within the sector's middle half-€18,600below the sector's middle half▼ 90.9%€165,651within the sector's middle half▲ 791%
Total assets€231,397within the sector's middle half-€196,022within the sector's middle half▼ 15.3%€239,526within the sector's middle half▲ 22.2%
Debt€27,306-€177,422▲ 550%€73,875▼ 58.4%
Working capital€85,559within the sector's middle half--€53,029below the sector's middle half€87,103within the sector's middle half
Solvency88.2%above the sector's middle half-9.5%below the sector's middle half▼ 78.7pp69.2%within the sector's middle half▲ 59.7pp
Current ratio4.13within the sector's middle half-0.62below the sector's middle half▼ 3.512.77within the sector's middle half▲ 2.15
Return on assets (ROA)45.2%above the sector's middle half-28.1%within the sector's middle half▼ 17.2pp61.4%above the sector's middle half▲ 33.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 144% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €239,526
Fixed assets
€103,236 ▼ 5.9%
Current assets
€136,291 ▲ 57.8%
Equity and liabilities €239,526
Equity
€165,651 ▲ 791%
Debt
€73,875 ▼ 58.4%
Debt's share of the balance-sheet total falls from 90.5% to 30.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€221,366▲
2023 · €94,528
Cash flow
€167,413▲
2023 · €67,273
Debt to equity
0.45▼
2023 · 9.54
ROE
88.8%▼
2023 · 295.7%
Interest coverage
115.46▲
2023 · 24.25
Debt ≤ 1 year
€49,187▼
2023 · €139,381
Debt > 1 year
€24,688▼
2023 · €38,041
Income taxes
€52,137▲
2023 · €23,358
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,667 | €12,264 | €20,361 | ▲ 66.0% |
| Other operating charges640/8 | €793 | €5,390 | €391 | ▼ 92.7% |
| Non-recurring operating charges66A | - | €56,734 | €0 | ▼ 100% |
| Gross operating margin9900 | €156,498 | €156,652 | €221,757 | ▲ 41.6% |
| Operating profit (loss)9901 | €136,038 | €82,264 | €201,004 | ▲ 144% |
| Financial income75/76B | €62 | €0 | €101 | - |
| Recurring financial income75 | €62 | €0 | €101 | - |
| Financial charges65/66B | €1,040 | €3,897 | €1,917 | ▼ 50.8% |
| Recurring financial charges65 | €1,040 | €3,897 | €1,917 | ▼ 50.8% |
| Profit (loss) for the period before taxes9903 | €135,061 | €78,366 | €199,188 | ▲ 154% |
| Income taxes67/77 | €30,372 | €23,358 | €52,137 | ▲ 123% |
| Profit (loss) for the period9904 | €104,689 | €55,009 | €147,051 | ▲ 167% |
| Profit (loss) for the period to be appropriated9905 | €104,689 | €55,009 | €147,051 | ▲ 167% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €231,397 | €196,022 | €239,526 | ▲ 22.2% |
| Fixed assets21/28 | €118,532 | €109,669 | €103,236 | ▼ 5.9% |
| Tangible fixed assets22/27 | €118,532 | €109,669 | €103,236 | ▼ 5.9% |
| Furniture and vehicles24 | - | €56,643 | €45,610 | ▼ 19.5% |
| Other tangible fixed assets26 | €118,532 | €53,027 | €57,626 | ▲ 8.7% |
| Current assets29/58 | €112,865 | €86,353 | €136,291 | ▲ 57.8% |
| Amounts receivable within one year40/41 | €26,284 | €27,788 | €26,859 | ▼ 3.3% |
| Trade receivables40 | €10,963 | €23,160 | €24,505 | ▲ 5.8% |
| Other amounts receivable41 | €15,321 | €4,628 | €2,354 | ▼ 49.1% |
| Cash at bank and in hand54/58 | €86,580 | €58,564 | €109,431 | ▲ 86.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €231,397 | €196,022 | €239,526 | ▲ 22.2% |
| Equity10/15 | €204,091 | €18,600 | €165,651 | ▲ 791% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €185,491 | €0 | €147,051 | - |
| Distributable reserves133 | €185,491 | €0 | €147,051 | - |
| Profit (loss) carried forward14 | - | €0 | €0 | - |
| Amounts payable17/49 | €27,306 | €177,422 | €73,875 | ▼ 58.4% |
| Amounts payable after more than one year17 | - | €38,041 | €24,688 | ▼ 35.1% |
| Financial debts170/4 | - | €38,041 | €24,688 | ▼ 35.1% |
| Amounts payable within one year42/48 | €27,306 | €139,381 | €49,187 | ▼ 64.7% |
| Current portion of amounts payable after more than one year42 | - | €12,831 | €13,353 | ▲ 4.1% |
| Trade debts44 | €23,853 | €193 | €6,801 | ▲ 3,424% |
| Suppliers440/4 | €23,853 | €193 | €6,801 | ▲ 3,424% |
| Taxes, remuneration and social security45 | €3,453 | €17,174 | €25,882 | ▲ 50.7% |
| Taxes450/3 | €3,453 | €13,674 | €21,368 | ▲ 56.3% |
| Remuneration and social security454/9 | - | €3,500 | €4,514 | ▲ 29.0% |
| Other amounts payable47/48 | €0 | €109,183 | €3,151 | ▼ 97.1% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €104,689 | €55,009 | €147,051 | ▲ 167% |
| + Depreciation and write-downs630 | €19,667 | €12,264 | €20,361 | ▲ 66.0% |
| Operating cash flow (approximation) | €124,355 | €67,273 | €167,413 | ▲ 149% |
| Investment in fixed assets (approximation) | - | -€3,401 | -€13,928 | ▼ 309% |
| Change in cash | - | -€28,016 | €50,867 | ▲ 282% |
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
08-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
30-09
Financial
Highest result since 2022net €147,051 ▲167%
Operating result €201,004, net result €147,051, both a record.
30-09
Financial
Liquidity quadruplescurrent ratio 2.77
Current ratio from 0.62 to 2.77; short-term debt falls from €139,381 to €49,187.
30-09
Financial
Equity above €150,000Eq €165,651 ▲791%
3 profitable years in a row build equity to €165,651.
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €55,009 ▼47.5%
Net result drops to €55,009, the lowest in the series; recovery starts the following year.
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kortenberg · 1 establishment unit since 2015
Ground area
1,106 m²
Building footprint
206 m²
Volume, LiDAR
1,221 m³
Parcel 24026C0215/00G000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Lozendaalstraat 33, 3078 Kortenberg
since 20152.246.327.780
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24026C0215/00G000 | Flanders | 1,106 m² | 1 · 206 m² | 8.8 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 82,601 companies in this sector we hold annual accounts for 52,629. 40,750 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded30-09-2015
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
74209Other photographic activities
90111Literary creation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0639750632
Also
9925:BE0639750632
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.