Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Figures corrected NBB
Corrected annual account filed for 2024.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2025
Free - Time from Gent, company number BE0442350385, closed financial year 2025 with a result of € -44,875 after tax. For that financial year Free - Time recorded a gross margin of € 485,499 and equity of € -78,546. Compared with financial year 2024, the result moved from € -70,381 to € -44,875. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 28, 2026.
€ -78,546
▼ € 44,875 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -44,875
▲ 36 % less loss than in 2024
Profit after tax over the fiscal year.
€ 127,264
▼ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
7.8
▼ 1.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 491,186
▼ 18% vs 2024
€ 63,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,424
▼ 18% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 32,662
Loans from banks and other lenders, long and short.
€ 74,074
▼ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 92,093
▲ 21% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 619,121 | € 588,524 | € 568,659 | € 485,499 | ▼ 15% |
| Profit after taxes | € -33,566 | € -69,504 | € -70,381 | € -44,875 | ▲ € 25,506 |
| Equity | € 106,213 | € 36,710 | € -33,671 | € -78,546 | ▼ € 44,875 |
| Total debts | € 292,126 | € 285,845 | € 305,387 | € 323,788 | ▲ 6% |
| Cash | € 166,165 | € 104,789 | € 129,638 | € 127,264 | ▼ 2% |
| Retained profit | € 106,213 | € 36,710 | € -33,671 | € -78,546 | ▼ € 44,875 |
| Bank debt | € 0 | € 0 | € 0 | € 32,662 | |
| Balance sheet total | € 398,340 | € 322,555 | € 271,716 | € 245,242 | ▼ 10% |
| Employees (FTE) | 13.5 | 9.7 | 9.7 | 7.8 | ▼ 1.9 |
Key figures of Free - Time, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Free - Time?
What happened at Free - Time in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Free - Time is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2025: loss of € 44,875. Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 33,566 loss in 2022 to € 44,875 loss in 2025.
On average € 62,200 of value added per employee in 2025.
Management
Behind Free - Time are Lene Verhaegen, Dirk Schockaert, Youri Verween and Wim Vandermeersch. Dirk Schockaert is also behind Uitbureau Gent. Wim Vandermeersch is also behind DEKO and Wijkgezondheidscentrum 't Vlot.
Directors
According to the 2025 annual accounts
Lene Verhaegen
Director
Youri Verween
Director
Establishments
Establishment units
Physical locations of this company
Nieuwevaart 118 box 101
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →IMMOVER 1865
€ 239,409 gross margin · 2025
DEKKER - DHONT
Rast
Centrum voor Ondernemen naar Zelfstandigheid
KABINET K.
+8 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
DNS
Cloudflare DNS
Website info
Features
Security
Details
- Company number
- 0442.350.385
- VAT number
- BE 0442.350.385
- Registered office
- Nieuwevaart 118 bus 101, 9000 Gent
- Names & denominations
- Free - Time
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Opening faillissement
- Start date
- 1 March 1990
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- freetime.be
- Activities · NACE
Overige sportactiviteiten, neg
Verhuur en lease van andere huishoudelijke of persoonlijke artikelen, neg
Verhuur en lease van andere consumentenartikelen, n.e.g.