Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
FREESPACE from Gent, company number BE0508436287, closed financial year 2025 with a result of € -12,258 after tax. For that financial year FREESPACE recorded a gross margin of € -10,739 and equity of € 9.1 million. Compared with financial year 2024, the result moved from € -10,954 to € -12,258. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 14, 2026.
€ 9.1 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12,258
▼ 12 % more loss than in 2024
Profit after tax over the fiscal year.
€ 7,006
▼ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 9 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 9,233
▲ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -12,032 | € -13,458 | € -9,487 | € -10,739 | ▼ € 1,252 |
| Profit after taxes | € 3,353,744 | € -15,402 | € -10,954 | € -12,258 | ▼ € 1,304 |
| Equity | € 9,122,049 | € 9,106,647 | € 9,095,693 | € 9,083,435 | |
| Total debts | € 7,260 | € 7,706 | € 7,260 | € 9,233 | ▲ 27% |
| Cash | € 43,648 | € 28,692 | € 17,225 | € 7,006 | ▼ 59% |
| Retained profit | € 9,022,049 | € 9,006,647 | € 8,995,693 | € 8,983,435 | |
| Dividend | € 1,100,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 9,129,309 | € 9,114,353 | € 9,102,953 | € 9,092,668 |
Key figures of FREESPACE, 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 FREESPACE?
What happened at FREESPACE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bernard Van Hoorebeke stepped down as director. NBB
- Michel De Bisscop stepped down as director. NBB
- Emiel Lathouwers stepped down as director. NBB
- Francis Geernaert stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 12,258. filed late Source: NBB ↗
- Bernard Van Hoorebeke became a director. NBB
- Michel De Bisscop became a director. NBB
- Emiel Lathouwers became a director. NBB
In short
From € 3.4 million profit in 2022 to € 12,258 loss in 2025.
Best year ever: 2022, with € 3.4 million profit.
Paid out € 1.1 million in dividends to the owners in total.
Management
The stake of GECOM, BELCOFIM, TERRA ET AQUA, SERVICES DEVELOPMENT MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FREESPACEThe shares are held by GECOM (25%), BELCOFIM (25%), TERRA ET AQUA (25%) and SERVICES DEVELOPMENT MANAGEMENT (25%). It owns 43.1% of D&W and 43.1% of HOTEL DUINENWATER itself.
Directors
According to the 2025 annual accounts
Bernard Van Hoorebeke
Director
Also active at: Pallen Sales, AGENTSCHAP PALLEN, Pallen Properties, LVH INVEST, CVH, PALLEN INVEST
since 2021 · until 2027
since 2021 · until 2027
Emiel Lathouwers
Director
Also active at: The Roastery, ATMOSPHERE, CAP, NIEUWE EIGEN WONING, NEW BUILD, ADT PROJECT, ADT DEVELOPMENT, MORE THAN STONES +1 more
since 2021 · until 2027
Francis Geernaert
Managing director
Also active at: GREEN-CORNER, GECOM, THE BARON'S TOO, C.A.D. HOLDING, Gasthof Den Ever, BELCO FLANDERS, HERON, Belco Construct +5 more
since 2021 · until 2027
Shareholders
Participations
43.1%
43.1%
Establishments
Establishment units
Physical locations of this company
Bellevue 5 box 301
9050 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →GREEN-CORNER same network
€ 2.1 million gross margin · 2024
MEMLINC SHOPS
€ 12,794 gross margin · 2024
BELCO FLANDERS same network
€ 2.3 million gross margin · 2025
HERON same network
€ 1.1 million gross margin · 2025
Toba HR Solutions
€ 4.6 million gross margin · 2025
+11 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
- 0508.436.287
- VAT number
- BE 0508.436.287
- Registered office
- Bellevue 5 bus 301, 9050 Gent
- Names & denominations
- FREESPACE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 December 2012
- Peppol
- Active · Active since 3 Dec 2025