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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Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FREETAX from Harelbeke, company number BE0700197963, closed financial year 2025 with a result of € 58,039 after tax. For that financial year FREETAX recorded a gross margin of € 90,303 and equity of € 22,000. Compared with financial year 2024, the result moved from € 45,339 to € 58,039. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 27, 2026.
€ 22,000
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 58,039
▲ 28% vs 2024
Profit after tax over the fiscal year.
€ 42,692
▲ 71% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 57,954 paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 273,000
▼ 12% vs 2024
€ 33,000 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 767
▲ € 608 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 31,531
▲ 125% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 28,129 | € 40,844 | € 69,108 | € 90,303 | ▲ 31% |
| Profit after taxes | € 18,739 | € 24,302 | € 45,339 | € 58,039 | ▲ 28% |
| Equity | € 19,613 | € 43,915 | € 21,915 | € 22,000 | |
| Total debts | € 445,208 | € 416,902 | € 463,060 | € 471,778 | ▲ 2% |
| Cash | € 9,193 | € 7,004 | € 24,977 | € 42,692 | ▲ 71% |
| Retained profit | € -387 | € 23,915 | € 1,915 | € 2,000 | ▲ 4% |
| Dividend | € 15,000 | € 0 | € 67,339 | € 57,954 | ▼ 14% |
| Bank debt | € 392,000 | € 350,000 | € 310,000 | € 273,000 | ▼ 12% |
| Balance sheet total | € 464,821 | € 460,818 | € 484,976 | € 493,778 | ▲ 2% |
Key figures of FREETAX, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to FREETAX?
What happened at FREETAX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 58,039 (▲ 28% vs 2024). Source: NBB ↗
- New establishment in Harelbeke. KBO
- FREDERICK FLAMEE became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 18,739 profit in 2022 to € 58,039 profit in 2025.
Paid € 54,893 in corporate taxes since 2022.
Best year ever: 2025, with € 58,039 profit.
Paid out € 140,293 in dividends to the owners in total.
Management
Behind FREETAX is FREDERICK FLAMEE. FREDERICK FLAMEE is also behind FLAMEE & PARTNERS ACCOUNTANTS & BELASTINGCONSULENTEN.
Directors
According to the 2025 annual accounts
since 2018
Establishments
Establishment units
Physical locations of this company
Overleiestraat 100
8530 Harelbeke
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
- 0700.197.963
- VAT number
- BE 0700.197.963
- Registered office
- Overleiestraat 100, 8530 Harelbeke
- Names & denominations
- FREETAX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 July 2018
- Peppol
- Active · Active since 17 Jul 2025
- Activities · NACE
Overige fiscale dienstverlening
Accountants en belastingconsulenten