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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Annual account missing NBB
Fiscal year 2025 was expected before 30 April 2026 and has not been filed.
Financials
Financial year 2024
FreeWood from Kortenberg, company number BE0639750632, closed financial year 2024 with a result of € 147,051 after tax. For that financial year FreeWood recorded a gross margin of € 221,757 and equity of € 165,651. Compared with financial year 2023, the result moved from € 55,009 to € 147,051. 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 May 8, 2025.
€ 165,651
▲ € 147,051 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 147,051
▲ 167% vs 2023
Profit after tax over the fiscal year.
€ 109,431
▲ 87% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 147,051.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 45,610
▼ 19% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 38,041
▼ 25% vs 2023
€ 13,353 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 6,801
▲ € 6,608 vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 25,882
▲ 51% vs 2023
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Gross margin | € 156,498 | € 156,652 | € 221,757 | ▲ 42% |
| Profit after taxes | € 104,689 | € 55,009 | € 147,051 | ▲ 167% |
| Equity | € 204,091 | € 18,600 | € 165,651 | ▲ € 147,051 |
| Total debts | € 27,306 | € 177,422 | € 73,875 | ▼ 58% |
| Cash | € 86,580 | € 58,564 | € 109,431 | ▲ 87% |
| Retained profit | € 185,491 | € 0 | € 147,051 | |
| Dividend | € 0 | € 240,499 | € 0 | ▼ 100% |
| Bank debt | € 0 | € 50,871 | € 38,041 | ▼ 25% |
| Balance sheet total | € 231,397 | € 196,022 | € 239,526 | ▲ 22% |
Key figures of FreeWood, fiscal years 2022 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 30 April 2026.
What happened to FreeWood?
What happened at FreeWood in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 147,051 (▲ 167% vs 2023). filed late Source: NBB ↗
- New establishment in Kortenberg. KBO
- Start of the company according to the CBE. KBO
- Ann-Sofie Dequae became a director. NBB
In short
From € 104,689 profit in 2022 to € 147,051 profit in 2024.
Paid € 105,867 in corporate taxes since 2022.
Best year ever: 2024, with € 147,051 profit.
Paid out € 240,499 in dividends to the owners in total.
Management
Behind FreeWood is Ann-Sofie Dequae.
Directors
According to the 2024 annual accounts
Ann-Sofie Dequae
Director
since 2015
Establishments
Establishment units
Physical locations of this company
Lozendaalstraat 33
3078 Kortenberg
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0639.750.632
- VAT number
- BE 0639.750.632
- Registered office
- Lozendaalstraat 33, 3078 Kortenberg
- Names & denominations
- FreeWood
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 September 2015
- Peppol
- Active · Active since 18 Dec 2025
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