OPENING OF BANKRUPTCY

Free - Time

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Financial year 2025 · closed on 31/12/2025

Net result

-44,9 k €

+36.2% YoY

Gross margin

485,5 k €

-14.6% YoY

Equity

-78,5 k €

-133.3% YoY

Workforce

7,8 ETP

-19.6% YoY

Company — Opening of bankruptcy.

Strike-off: 01 août 2026

What does Free - Time do?

Free - Time is a Non-profit organization incorporated in 1990. Its registered office is in Gent. It employs on average 7,8 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0442.350.385

Incorporation

01/03/1990

Legal form

Non-profit organization

Registered office

Nieuwevaart 118 box 101
9000 Gent · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

7,8 ETP

Joint committees (1)

Signals

Healthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	485,5 k €	-14.6%	568,7 k €	-3.4%	588,5 k €	-4.9%	619,1 k €	-16.5%	741,3 k €	-3.4%	767,5 k €	+34.7%	569,7 k €	-23.5%	744,7 k €	+1.8%	731,8 k €	+13.5%	644,8 k €	-8.4%	703,5 k €	+22.5%	574,5 k €	-13.1%	660,8 k €	+4.3%	633,7 k €	+12.5%	563,3 k €	-2.7%	578,7 k €	+47.5%	392,3 k €	+2.8%	381,5 k €	+21.6%	313,7 k €
EBITDA	-10,1 k €	+69.8%	-33,5 k €	-120%	-15,2 k €	-263%	9,3 k €	-73.9%	35,8 k €	-69.4%	117 k €	+224%	-94,3 k €	-253%	61,5 k €	+88.8%	32,5 k €	+210%	-29,5 k €	-117%	170,4 k €	+380%	-60,8 k €	-188%	69,1 k €	+564%	10,4 k €	-32.4%	15,4 k €	-43.3%	27,2 k €	+67.6%	16,2 k €	+9.4%	14,8 k €	+196%	-15,4 k €
Operating result	-42,8 k €	+37.5%	-68,4 k €	-1.7%	-67,3 k €	-117%	-31 k €	-667%	5,5 k €	-95.0%	110,4 k €	+217%	-94,7 k €	-318%	43,4 k €	+169%	16,1 k €	+139%	-41,5 k €	-126%	159,1 k €	+283%	-87 k €	-303%	42,8 k €	+316%	-19,8 k €	+22.9%	-25,7 k €	-79.3%	-14,3 k €	-183%	-5,1 k €	+51.0%	-10,3 k €	+72.8%	-38,1 k €
Net result	-44,9 k €	+36.2%	-70,4 k €	-1.3%	-69,5 k €	-107%	-33,6 k €	-801%	4,8 k €	-95.7%	110,5 k €	+217%	-94,5 k €	-320%	42,9 k €	+147%	17,4 k €	+140%	-43 k €	-127%	160,2 k €	+293%	-83,1 k €	-272%	48,3 k €	+404%	-15,9 k €	+33.2%	-23,8 k €	-57.9%	-15,1 k €	-198%	-5,1 k €	-111%	-2,4 k €	+82.2%	-13,4 k €
Balance sheet
Equity	-78,5 k €	-133%	-33,7 k €	-192%	36,7 k €	-65.4%	106,2 k €	-24.0%	139,8 k €	+3.5%	135 k €	+451%	24,5 k €	-79.4%	119 k €	+56.5%	76 k €	+29.6%	58,7 k €	-42.3%	101,6 k €	+273%	-58,6 k €	-339%	24,5 k €	+203%	-23,8 k €	-201%	-7,9 k €	-140%	19,8 k €	-43.2%	34,9 k €	-12.7%	39,9 k €	-5.7%	42,3 k €
Total assets	245,2 k €	-9.7%	271,7 k €	-15.8%	322,6 k €	-19.0%	398,3 k €	+4.0%	383 k €	-15.8%	454,8 k €	+35.9%	334,5 k €	-6.1%	356,3 k €	+7.7%	330,8 k €	+10.6%	299,1 k €	-0.4%	300,2 k €	+12.2%	267,6 k €	-16.5%	320,5 k €	+19.5%	268,1 k €	-22.5%	346 k €	+0.0%	345,9 k €	-2.6%	355,1 k €	+12.2%	316,4 k €	+13.4%	279,1 k €
Cash	127,3 k €	-1.8%	129,6 k €	+23.7%	104,8 k €	-36.9%	166,2 k €	-21.9%	212,8 k €	-23.9%	279,5 k €	+41.0%	198,2 k €	-14.5%	231,8 k €	+27.5%	181,8 k €	+30.7%	139,1 k €	-7.4%	150,3 k €	+19.0%	126,3 k €	-11.9%	143,4 k €	+52.2%	94,2 k €	-37.2%	150,1 k €	+29.4%	116 k €	-30.3%	166,4 k €	+23.5%	134,7 k €	+16.8%	115,3 k €
Debts	206,2 k €	+11.9%	184,2 k €	+25.9%	146,4 k €	-6.2%	156,1 k €	+11.8%	139,6 k €	-36.4%	219,4 k €	+26.3%	173,8 k €	+16.1%	149,7 k €	+3.8%	144,2 k €	+6.0%	136 k €	+15.9%	117,4 k €	-19.2%	145,3 k €	+60.0%	90,8 k €	-9.8%	100,7 k €	-17.9%	122,7 k €	+26.1%	97,3 k €	-37.2%	154,8 k €	-2.1%	158,1 k €	+80.2%	87,7 k €
Other
Workforce	7,8 ETP	-19.6%	9,7 ETP	0.0%	9,7 ETP	-28.1%	13,5 ETP	+22.7%	11,0 ETP	+8.9%	10,1 ETP	0.0%	10,1 ETP	+7.4%	9,4 ETP	-5.1%	9,9 ETP	-5.7%	10,5 ETP	+5.0%	10,0 ETP	-3.8%	10,4 ETP	+8.3%	9,6 ETP	-6.8%	10,3 ETP	+12.0%	9,2 ETP	-4.2%	9,6 ETP	+2.1%	9,4 ETP	-3.1%	9,7 ETP	+10.2%	8,8 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 14 ended

Active mandates

dirk Schockaert

Director

Active

Lene Verhaegen

Director

Active

Wim Vandermeersch

Director

Active

Youri Verween

Director

Active

Ended mandates

Youri Verween

Director · since 29 octobre 2024

Ended

Dirk Demeulemeester

Director · since 28 juin 2021

Ended

Elke De Meuleneire

Director · since 28 juin 2021

Ended

Feyza Bayat

Director · since 28 juin 2021

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/04/2026	28/04/2026	17/09/2024	30/05/2023	26/04/2022	23/04/2021
General meeting	30/03/2026	24/03/2025	28/03/2024	28/03/2023	29/03/2022	30/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

23 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/03/2026	28/04/2026	Dutch	PDF
Abridged modelCorrection	31/12/2024	24/03/2025	28/04/2026	Dutch	PDF
Abridged model	31/12/2024	24/03/2025	10/04/2025	Dutch	PDF
Abridged model	31/12/2023	28/03/2024	17/09/2024	Dutch	PDF
Abridged model	31/12/2022	28/03/2023	30/05/2023	Dutch	PDF
Abridged model	31/12/2021	29/03/2022	26/04/2022	Dutch	PDF
Abridged model	31/12/2020	30/03/2021	23/04/2021	Dutch	PDF
Abridged model	31/12/2019	16/06/2020	23/11/2020	Dutch	PDF
Abridged model	31/12/2018	18/03/2019	05/11/2019	Dutch	PDF
Abridged model	31/12/2017	19/03/2018	29/11/2018	Dutch	PDF
Abridged model	31/12/2016	20/03/2017	29/03/2018	Dutch	PDF
Abridged modelCorrection	31/12/2015	16/03/2016	05/03/2018	Dutch	PDF
Abridged model	31/12/2015	16/03/2016	29/12/2016	Dutch	PDF
Abridged modelCorrection	31/12/2014	16/03/2015	29/12/2016	Dutch	PDF
Abridged model	31/12/2014	16/03/2015	27/04/2015	Dutch	PDF
Abridged model	31/12/2013	24/03/2014	24/11/2014	Dutch	PDF
Abridged model	31/12/2012	20/03/2013	19/04/2013	Dutch	PDF
Abridged model	31/12/2011	26/03/2012	16/05/2012	Dutch	PDF
Abridged model	31/12/2010	23/03/2011	11/07/2011	Dutch	PDF
Abridged model	31/12/2009	24/03/2010	28/06/2010	Dutch	PDF
Abridged model	31/12/2008	23/03/2009	22/04/2009	Dutch	PDF
Abridged model	31/12/2007	26/03/2008	09/06/2008	Dutch	PDF
Abridged model	31/12/2006	14/03/2007	19/04/2007	Dutch	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 14 ended

Active mandates

dirk Schockaert

Director

Active

Lene Verhaegen

Director

Active

Wim Vandermeersch

Director

Active

Youri Verween

Director

Active

Ended mandates

Youri Verween

Director · since 29 octobre 2024

Ended

Dirk Demeulemeester

Director · since 28 juin 2021

Ended

Elke De Meuleneire

Director · since 28 juin 2021

Ended

Feyza Bayat

Director · since 28 juin 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/06/2026
ONTSLAGEN, BENOEMINGEN
PDF
Mandates03/03/2025
Ontslagen, Benoemingen
PDF
Registered office05/07/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates28/10/2022
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates13/01/2004
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-44,9 k €↑
2024
Annual accounts 2024-70,4 k €↓
2023
Annual accounts 2023-69,5 k €↓
2022
Annual accounts 2022-33,6 k €↓
2021
Annual accounts 20214,8 k €↓
2020
Annual accounts 2020110,5 k €↑
2019
Annual accounts 2019-94,5 k €↓
2018
Annual accounts 201842,9 k €↑
2017
Annual accounts 201717,4 k €↑
2016
Annual accounts 2016-43 k €↓
2015
Annual accounts 2015160,2 k €↑
2014
Annual accounts 2014-83,1 k €↓
2013
Annual accounts 201348,3 k €↑
2012
Annual accounts 2012-15,9 k €↑
2011
Annual accounts 2011-23,8 k €↓
2010
Annual accounts 2010-15,1 k €↓
2009
Annual accounts 2009-5,1 k €↓
2008
Annual accounts 2008-2,4 k €↑
2007
Annual accounts 2007-13,4 k €
01/03/1990
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Free - Time

Overview

What does Free - Time do?

Trend over 19 financial years

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline