Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2019 and 2020.
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Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2020; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 5.4 to 0.4.
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Late annual account NBB
Fiscal year 2020 was filed 650 days after the legal deadline.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Gerechtelijke ontbinding of nietigheid according to the CBE.
Financials
Financial year 2020
FREE LTD from Antwerpen, company number BE0888673319, closed financial year 2020 with a result of € -167,848 after tax. For that financial year FREE LTD recorded a gross margin of € 7,418 and equity of € -152,909. Compared with financial year 2019, the result moved from € -40,808 to € -167,848. 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 September 6, 2022.
€ -152,909
▼ € 167,848 vs 2019
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -167,848
▼ 311 % more loss than in 2019
Profit after tax over the fiscal year.
€ 65,222
▲ € 49,295 vs 2019
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -212,909.
People and assets in 2020
0.4
▼ 2.4 vs 2019
Average over the fiscal year, from the social balance sheet.
€ 55,661
▼ 57% vs 2019
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,750
▼ 50% vs 2019
Book value of vehicles, furniture and equipment.
Debts at end 2020
€ 25,854
▼ 93% vs 2019
Loans from banks and other lenders, long and short.
€ 48,504
▼ 84% vs 2019
Supplier invoices still open on the last day of the fiscal year.
€ 77,411
▲ 2% vs 2019
Taxes, VAT and social contributions still to pay.
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| 2018 | 2019 | 2020 | Change 2019 → 2020 | |
|---|---|---|---|---|
| Gross margin | € 343,888 | € 199,987 | € 7,418 | ▼ 96% |
| Profit after taxes | € -35,611 | € -40,808 | € -167,848 | ▼ € 127,040 |
| Equity | € 55,746 | € 14,939 | € -152,909 | ▼ € 167,848 |
| Total debts | € 537,953 | € 908,126 | € 280,468 | ▼ 69% |
| Cash | € 13,690 | € 15,927 | € 65,222 | ▲ € 49,295 |
| Land & buildings | € 525,601 | € 441,663 | € 26,884 | ▼ 94% |
| Retained profit | € -4,254 | € -45,061 | € -212,909 | ▼ € 167,848 |
| Bank debt | € 401,765 | € 348,964 | € 25,854 | ▼ 93% |
| Balance sheet total | € 593,699 | € 923,064 | € 127,559 | ▼ 86% |
| Employees (FTE) | 5.4 | 2.8 | 0.4 | ▼ 2.4 |
Key figures of FREE LTD, fiscal years 2018 to 2020, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2021 has not been filed yet; it was expected before 31 October 2021.
What happened to FREE LTD?
What happened at FREE LTD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
FREE LTD is active according to the CBE. Legal situation: Gerechtelijke ontbinding of nietigheid.
- New annual accounts for financial year 2019: loss of € 40,808. filed late Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,611 loss in 2018 to € 167,848 loss in 2020.
Paid € 16,844 in corporate taxes since 2018.
On average € 71,400 of value added per employee in 2019.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Establishments
Establishment units
Physical locations of this company
Hoveniersstraat 2 box suite 344
2018 Antwerpen
Riemstraat 49
2000 Antwerpen
Active since 1 May 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
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€ 152,703 gross margin · 2025
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€ -4,389 gross margin · 2025
FRAVEX
€ 33,969 gross margin · 2025
Diacem
€ 44,577 gross margin · 2025
DHV
€ 352,477 gross margin · 2025
+5 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
- 0888.673.319
- VAT number
- BE 0888.673.319
- Registered office
- Hoveniersstraat 2 bus suite 344, 2018 Antwerpen
- Names & denominations
- FREE LTD · De Trazegnies
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Gerechtelijke ontbinding of nietigheid
- Start date
- 11 April 2007
- Peppol
- Not registered