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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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
FREE STATE from Gent, company number BE0893214008, closed financial year 2025 with a result of € -34,757 after tax. For that financial year FREE STATE recorded a gross margin of € 25,617 and equity of € 5.2 million. Compared with financial year 2024, the result moved from € -45,213 to € -34,757. 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 July 30, 2026.
€ 5.2 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -34,757
▲ 23 % less loss than in 2024
Profit after tax over the fiscal year.
€ 94,157
▼ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 5.2 million.
Debts at end 2025
€ 277,552
▼ 11% vs 2024
€ 37,149 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 992
▲ € 773 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 412,499 | € 17,662 | € 24,816 | € 25,617 | ▲ 3% |
| Profit after taxes | € 349,738 | € -34,656 | € -45,213 | € -34,757 | ▲ € 10,456 |
| Equity | € 5,364,248 | € 5,329,592 | € 5,284,380 | € 5,249,623 | ▼ 1% |
| Total debts | € 390,639 | € 356,533 | € 313,370 | € 278,543 | ▼ 11% |
| Cash | € 172,833 | € 79,615 | € 131,905 | € 94,157 | ▼ 29% |
| Land & buildings | € 3,622,347 | € 3,578,969 | € 3,526,647 | € 3,467,119 | ▼ 2% |
| Retained profit | € 5,344,248 | € 5,309,592 | € 5,264,380 | € 5,229,623 | ▼ 1% |
| Bank debt | € 384,820 | € 352,280 | € 313,152 | € 277,552 | ▼ 11% |
| Balance sheet total | € 5,754,887 | € 5,686,125 | € 5,597,750 | € 5,528,166 | ▼ 1% |
Key figures of FREE STATE, 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 FREE STATE?
What happened at FREE STATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 34,757. Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
- David DeBusseré became a director. NBB
In short
From € 349,738 profit in 2022 to € 34,757 loss in 2025.
Paid € 257 in corporate taxes since 2022.
Best year ever: 2022, with € 349,738 profit.
Management
Behind FREE STATE is David DeBusseré. David DeBusseré is also behind Immobland, DAYAKE and Shampoo.
Establishments
Establishment units
Physical locations of this company
Rozemarijnstraat 106
9000 Gent
Rozemarijnstraat 104
9000 Gent
Active since 31 October 2007
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0893.214.008
- VAT number
- BE 0893.214.008
- Registered office
- Rozemarijnstraat 106, 9000 Gent
- Names & denominations
- FREE STATE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 October 2007
- Peppol
- Active · Active since 14 Apr 2026