Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
33 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
H B W FREETIME from Brussel, company number BE0453938224, closed financial year 2024 with a result of € 1.9 million after tax. For that financial year H B W FREETIME recorded a gross margin of € 5 million and equity of € 1.6 million. Compared with financial year 2023, the result moved from € 1.9 million to € 1.9 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 13, 2025.
€ 1.6 million
▲ 31% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.9 million
▲ 1% vs 2023
Profit after tax over the fiscal year.
€ 2 million
▼ 20% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 1.5 million paid out
80 % of the profit went to the shareholders, mostly to GPFI (100 % of the shares). That is where the money ends up.
People and assets in 2024
45.6
▲ 1.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 2.3 million
▼ 4% vs 2023
€ 49,600 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.
€ 141,171
▲ 206% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 391,420
▲ 149% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 187,684
▼ 30% vs 2023
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,705,697 | € 5,142,840 | € 5,068,448 | € 5,013,701 | ▼ 1% |
| Profit after taxes | € 610,986 | € 2,335,206 | € 1,854,584 | € 1,867,338 | ▲ 1% |
| Equity | € 796,035 | € 1,331,240 | € 1,185,824 | € 1,553,162 | ▲ 31% |
| Total debts | € 1,376,899 | € 2,717,681 | € 2,434,878 | € 1,991,564 | ▼ 18% |
| Cash | € 1,087,776 | € 3,197,321 | € 2,492,019 | € 1,983,018 | ▼ 20% |
| Retained profit | € 296,035 | € 831,240 | € 685,824 | € 1,053,162 | ▲ 54% |
| Dividend | € 800,000 | € 1,800,000 | € 2,000,000 | € 1,500,000 | ▼ 25% |
| Bank debt | € 83,917 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 2,172,933 | € 4,048,922 | € 3,620,702 | € 3,544,727 | ▼ 2% |
| Employees (FTE) | 28.1 | 39.2 | 44.4 | 45.6 | ▲ 1.2 |
Key figures of H B W FREETIME, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to H B W FREETIME?
What happened at H B W FREETIME in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- GPFI stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 1.9 million (▲ 1% vs 2023). filed late Source: NBB ↗
- GPFI became a director. NBB
- New establishment in Sint-Joost-ten-Node. KBO
- New establishment in Brussel. KBO
- New establishment in Brussel. KBO
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 610,986 profit in 2021 to € 1.9 million profit in 2024.
Paid € 2.2 million in corporate taxes since 2021.
Best year ever: 2022, with € 2.3 million profit.
On average € 109,900 of value added per employee in 2024.
Management
The stake of GPFI, EUROPEAN AMUSEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
H B W FREETIMEThe shares are held by GPFI (100%) and EUROPEAN AMUSEMENT (50%). It owns 20% of GOLDEN PALACE CASINO BSM itself.
Directors
According to the 2024 annual accounts
Director · represented by Massimo MENEGALLI
Also active at: Les Copères, DEVOMAS, MARBEL, LAGAUT, PAVABER, Fun2play, DEBA SQUARE, STARGAMES +2 more
since 2025 · until 2031
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Oorlogskruisenlaan 120
1120 Brussel
De Brouckereplein 33
1000 Brussel
Active since 29 December 1994
Wolvengracht 10-12
1000 Brussel
Active since 1 January 2019
Kiekenmarkt 32
1000 Brussel
Active since 1 January 2019
Sint-Joostplein 4
1210 Sint-Joost-ten-Node
Active since 1 January 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 33 companies are registered at this address.
All companies at this address →General Automatic Amusement
€ 2.7 million gross margin · 2024
BELGIAN GAMING ASSOCIATION B.G.A.
Les Copères same network
€ 2.3 million gross margin · 2024
L'AUTOMATIQUE ELECTRONIQUE
€ -10,651 gross margin · 2024
Y.C.L.
€ 90,585 gross margin · 2025
+28 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0453.938.224
- VAT number
- BE 0453.938.224
- Registered office
- Oorlogskruisenlaan 120, 1120 Brussel
- Names & denominations
- H B W FREETIME
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 1994
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vertoning van films
Exploitatie van recreatiedomeinen
Exploitatie van recreatieparken, lunaparken en dergelijke