ACTIVE

FREE WELL — KINE

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Financial year 2025 · closed on 31/12/2025

Net result

14,1 k €

+941.9% YoY

Gross margin

21,6 k €

+256.9% YoY

Equity

30,2 k €

+88.0% YoY

What does FREE WELL — KINE do?

FREE WELL — KINE is a Public limited company incorporated in 1996. Its main activity is: Air transport. Its registered office is in Asse.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.431.403

Incorporation

26/06/1996

Legal form

Public limited company

Registered office

Reekstraat 66
1731 Asse · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

51410Air transport· main 86905Other human health activities 86951Other human health activities 46412Wholesale of textiles 46412Wholesale of textiles 70200Management consultancy activities+7

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	21,6 k €	+257%	6 k €	+679%	775,7 €	-60.8%	2 k €	-79.3%	9,6 k €	+789%	-1,4 k €	-110%	13,9 k €	+2284%	-636,3 €	-106%	10,9 k €	-60.3%	27,5 k €	+1.6%	27 k €	+39.2%	19,4 k €	+696%	2,4 k €	-74.3%	9,5 k €	+1189%	736 €	-61.3%	1,9 k €	-85.8%	13,4 k €
EBITDA	17,9 k €	+519%	2,9 k €	+366%	-1,1 k €	-3125%	-33,7 €	-100%	6,9 k €	+290%	-3,6 k €	-130%	12 k €	+451%	-3,4 k €	-138%	9,1 k €	-65.0%	25,9 k €	-0.9%	26,2 k €	+40.7%	18,6 k €	+1022%	1,7 k €	-81.4%	8,9 k €	+4753%	184 €	-87.2%	1,4 k €	-88.7%	12,7 k €
Operating result	13,5 k €	+512%	2,2 k €	+235%	-1,6 k €	-80.4%	-912 €	-116%	5,8 k €	+204%	-5,5 k €	-151%	10,9 k €	+344%	-4,5 k €	-156%	8 k €	-68.2%	25,2 k €	-1.8%	25,7 k €	+41.9%	18,1 k €	+1074%	1,5 k €	-82.4%	8,8 k €	+3154%	-287 €	-124%	1,2 k €	-90.3%	12,4 k €
Net result	14,1 k €	+942%	1,4 k €	+181%	-1,7 k €	-76.1%	-956 €	-117%	5,7 k €	+203%	-5,6 k €	-152%	10,8 k €	+326%	-4,8 k €	-161%	7,9 k €	-68.8%	25,2 k €	-1.7%	25,6 k €	+41.9%	18 k €	+1079%	1,5 k €	-82.5%	8,7 k €	+2053%	-447 €	+5.7%	-474 €	-112%	4,1 k €
Balance sheet
Equity	30,2 k €	+88.0%	16,1 k €	+9.2%	14,7 k €	-10.3%	16,4 k €	+13.6%	14,4 k €	+65.9%	8,7 k €	-39.1%	14,3 k €	+309%	3,5 k €	-57.7%	8,3 k €	+2011%	391 €	+102%	-24,8 k €	+50.8%	-50,4 k €	+26.4%	-68,4 k €	+2.2%	-70 k €	+11.1%	-78,7 k €	-0.6%	-78,2 k €	+35.6%	-121,5 k €
Total assets	34,2 k €	+83.1%	18,7 k €	+18.1%	15,8 k €	-14.9%	18,6 k €	+7.0%	17,4 k €	+8.3%	16 k €	-4.9%	16,9 k €	+98.7%	8,5 k €	-21.5%	10,8 k €	+151%	4,3 k €	+17.5%	3,7 k €	+34.0%	2,7 k €	+392%	556 €	+54.0%	361 €	+50.4%	240 €	-95.1%	4,9 k €	-18.6%	6 k €
Cash	14,4 k €	+48.1%	9,7 k €	-15.4%	11,5 k €	-17.4%	13,9 k €	+1.9%	13,7 k €	+20.8%	11,3 k €	-19.3%	14 k €	+109%	6,7 k €	+45.6%	4,6 k €	+86.1%	2,5 k €	+71.7%	1,4 k €	+76.3%	818 €	+840%	87 €	-39.2%	143 €	+581%	21 €	-98.1%	1,1 k €		–
Debts	4 k €	+52.8%	2,6 k €	+137%	1,1 k €	-49.7%	2,2 k €	-25.9%	2,9 k €	-59.9%	7,3 k €	+184%	2,6 k €	-48.2%	5 k €	+95.2%	2,6 k €	-34.7%	3,9 k €	-86.2%	28,4 k €	-46.5%	53,1 k €	-23.0%	69 k €	-1.9%	70,3 k €	-10.9%	78,9 k €	-5.0%	83,1 k €	-34.8%	127,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

Kristien De Bauw

Mandate

Active

Rudi Olbrechts

Mandate

Active

Ended mandates

JOHAN DIERICKX

Director

Ended

ROGER OLBRECHTS

Director

Ended

ROGER OLBRECHTS

Managing director

Ended

RUDI OLBRECHTS

Managing director

Ended

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	30/06/2026	02/06/2025	17/06/2024	21/06/2023	11/07/2022	03/06/2021
General meeting	29/05/2026	31/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	31/05/2025	02/06/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	17/06/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	21/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	11/07/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	03/06/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	23/06/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	26/07/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	25/06/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	12/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	22/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	27/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/04/2014	22/07/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	24/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	02/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	08/08/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	09/08/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	14/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 2 active · 7 ended

Active mandates

Kristien De Bauw

Mandate

Active

Rudi Olbrechts

Mandate

Active

Ended mandates

JOHAN DIERICKX

Director

Ended

ROGER OLBRECHTS

Director

Ended

ROGER OLBRECHTS

Managing director

Ended

RUDI OLBRECHTS

Managing director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/03/2024
BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/10/2012
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2011
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/10/2004
WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - 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 202514,1 k €↑
2024
Annual accounts 20241,4 k €↑
2023
Annual accounts 2023-1,7 k €↓
2023
Name changeFREE WELL — KINE
2022
Annual accounts 2022-956 €↓
2020
Annual accounts 20205,7 k €↑
2019
Annual accounts 2019-5,6 k €↓
2018
Annual accounts 201810,8 k €↑
2017
Annual accounts 2017-4,8 k €↓
2016
Annual accounts 20167,9 k €↓
2015
Annual accounts 201525,2 k €↓
2014
Annual accounts 201425,6 k €↑
2013
Annual accounts 201318 k €↑
2012
Annual accounts 20121,5 k €↓
2011
Annual accounts 20118,7 k €↑
2010
Annual accounts 2010-447 €↑
2009
Annual accounts 2009-474 €↓
2008
Annual accounts 20084,1 k €
2008
Name changeFREE WELL
26/06/1996
IncorporationPublic limited company

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 WELL — KINE

Overview

What does FREE WELL — KINE do?

Trend over 17 financial years

Indicative valuation

Board of directors

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