FREE START
0869.613.116 · rovalta.com · 23/09/2026
ACTIVE
FREE START
Financial year 2025 · closed on 31/12/2025
Net result
43,9 k €
-70.0% YoY
Gross margin
255,6 k €
-40.2% YoY
Equity
150 k €
+41.4% YoY
Overview
What does FREE START do?
FREE START is a Private limited company incorporated in 2004. Its main activity is: Freight transport by road. Its registered office is in Jette.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0869.613.116
Incorporation
25/10/2004
Legal form
Private limited company
Registered office
Avenue de l'Exposition 404 box 23
1090 Jette · BruxellesSee on map
1090 Jette · BruxellesSee on map
Contributed capital
20 900,00 €
Latest accounts
31/12/2025
Activities (NACE)
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 255,6 k € | -40.2% | 427,3 k € | -1.6% | 434,1 k € | +0.9% | 430,2 k € | +355% | 94,5 k € | -78.1% | 432,5 k € | -8.2% | 471,3 k € | +30.2% | 362 k € | +60.3% | 225,8 k € | +40.2% | 161 k € | +10.5% | 145,8 k € | +2.5% | 142,2 k € | +21.8% | 116,8 k € | +9.1% | 107 k € | +66.6% | 64,2 k € | +172% | 23,6 k € | +126% | 10,4 k € | +12600% | 82 € |
| EBITDA | 70,9 k € | -58.8% | 172,1 k € | +0.7% | 170,9 k € | -38.2% | 276,5 k € | +288% | -146,8 k € | -185% | 172 k € | -8.5% | 188 k € | +54.3% | 121,9 k € | +217% | 38,5 k € | +123% | 17,2 k € | +1156% | 1,4 k € | -91.7% | 16,5 k € | -7.1% | 17,8 k € | -35.2% | 27,5 k € | +56.3% | 17,6 k € | +60.4% | 11 k € | +43.0% | 7,7 k € | +420% | -2,4 k € |
| Operating result | 62,8 k € | -61.7% | 164 k € | +94.5% | 84,3 k € | -26.2% | 114,2 k € | +138% | -302,7 k € | -1109% | 30 k € | -1.5% | 30,5 k € | +12.4% | 27,1 k € | -8.1% | 29,5 k € | +71.2% | 17,2 k € | +1156% | 1,4 k € | -91.7% | 16,5 k € | -7.1% | 17,8 k € | +375% | 3,7 k € | +384% | 774 € | -83.5% | 4,7 k € | +32.9% | 3,5 k € | +156% | -6,3 k € |
| Net result | 43,9 k € | -70.0% | 146,6 k € | +145% | 59,7 k € | -44.4% | 107,4 k € | +134% | -316,9 k € | -3055% | 10,7 k € | -17.4% | 13 k € | +10.7% | 11,7 k € | -19.7% | 14,6 k € | +19.7% | 12,2 k € | +789% | 1,4 k € | -86.2% | 9,9 k € | -40.4% | 16,6 k € | +3463% | -495 € | +78.1% | -2,3 k € | -207% | 2,1 k € | -28.9% | 3 k € | +140% | -7,5 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 150 k € | +41.4% | 106,1 k € | +362% | -40,5 k € | +59.6% | -100,2 k € | +51.7% | -207,7 k € | -290% | 109,3 k € | +10.9% | 98,6 k € | +16.4% | 84,7 k € | +16.1% | 73 k € | +25.0% | 58,4 k € | +68.8% | 34,6 k € | +4.1% | 33,2 k € | +42.6% | 23,3 k € | +251% | 6,6 k € | +266% | 1,8 k € | -55.4% | 4,1 k € | +108% | 2 k € | +292% | -1 k € |
| Total assets | 278 k € | +14.9% | 242 k € | +39.0% | 174,2 k € | -3.0% | 179,6 k € | -48.8% | 350,9 k € | -28.6% | 491,5 k € | -19.8% | 612,8 k € | +38.8% | 441,5 k € | +249% | 126,6 k € | -39.8% | 210,2 k € | -70.0% | 700,6 k € | +233% | 210,5 k € | -34.2% | 319,7 k € | +331% | 74,1 k € | +1.6% | 73 k € | +59.3% | 45,8 k € | +22.2% | 37,5 k € | +32.9% | 28,2 k € |
| Cash | 34,3 k € | +133% | 14,7 k € | +171% | 5,4 k € | +105% | 2,6 k € | -85.9% | 18,7 k € | +77.3% | 10,6 k € | -24.4% | 14 k € | -21.2% | 17,7 k € | +676% | 2,3 k € | – | 767 € | 0.0% | 767 € | -97.8% | 34,7 k € | – | 1,3 k € | -89.9% | 13,3 k € | +0.0% | 13,3 k € | +13.5% | 11,7 k € | ||||
| Debts | 128,1 k € | -5.8% | 136 k € | -36.7% | 214,7 k € | -23.3% | 279,8 k € | -49.9% | 558,6 k € | +46.2% | 382,2 k € | -25.7% | 514,3 k € | +44.1% | 356,8 k € | +566% | 53,6 k € | -64.7% | 151,8 k € | -77.2% | 666 k € | +276% | 177,2 k € | -40.2% | 296,4 k € | +339% | 67,5 k € | -5.1% | 71,1 k € | +70.4% | 41,7 k € | +17.5% | 35,5 k € | +21.6% | 29,2 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | 5,0 ETP | -26.5% | 6,8 ETP | +36.0% | 5,0 ETP | +100% | 2,5 ETP | 0.0% | 2,5 ETP | +150% | 1,0 ETP | – | – | ||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active
Active mandates
Battal Baysal
ActiveAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
DE HOE INTERNATIONAL CONSTRUCT● Active | 0760.656.776 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro 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 | 15/06/2026 | 03/06/2025 | 10/06/2024 | 18/04/2024 | 01/02/2023 | 18/06/2021 |
| General meeting | 31/05/2026 | 31/05/2025 | 31/05/2024 | 30/06/2023 | 30/06/2022 | 18/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 31/05/2026 | 15/06/2026 | French | |
| Micro model | 31/12/2024 | 31/05/2025 | 03/06/2025 | French | |
| Micro model | 31/12/2023 | 31/05/2024 | 10/06/2024 | French | |
| Micro model | 31/12/2022 | 30/06/2023 | 18/04/2024 | French | |
| Micro modelCorrection | 31/12/2021 | 30/06/2022 | 01/02/2023 | French | |
| Micro model | 31/12/2021 | 30/06/2022 | 12/12/2022 | French | |
| Abridged model | 31/12/2020 | 18/06/2021 | 18/06/2021 | French | |
| Abridged model | 31/12/2019 | 16/03/2020 | 16/03/2020 | French | |
| Abridged model | 31/12/2018 | 30/06/2019 | 06/09/2019 | French | |
| Abridged model | 31/12/2017 | 30/06/2018 | 15/11/2018 | French | |
| Abridged model | 31/12/2016 | 30/06/2017 | 20/10/2017 | French | |
| Abridged model | 31/12/2015 | 30/06/2016 | 28/09/2016 | French | |
| Abridged model | 31/12/2014 | 30/06/2015 | 01/12/2015 | French | |
| Abridged model | 31/12/2013 | 30/06/2014 | 06/01/2015 | French | |
| Abridged model | 31/12/2012 | 24/06/2013 | 28/06/2013 | French | |
| Abridged model | 31/12/2011 | 15/06/2012 | 22/11/2012 | French | |
| Abridged model | 31/12/2010 | 28/05/2011 | 29/05/2011 | French | |
| Abridged model | 31/12/2009 | 31/05/2010 | 05/06/2010 | French | |
| Abridged model | 31/12/2008 | 30/07/2009 | 15/09/2009 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 250 k€ and 500 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active
Active mandates
Battal Baysal
ActiveShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates15/05/2024MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
- Registered office01/12/2021SIEGE SOCIAL
- Registered office12/08/2021SIEGE SOCIAL
- Mandates30/07/2013CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
- Registered office07/12/2010SIEGE SOCIAL
- Mandates18/01/2008CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
- Mandates02/08/2007SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
- Mandates14/02/2005CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202543,9 k €↓
- 2024Annual accounts 2024146,6 k €↑
- 2023Annual accounts 202359,7 k €↓
- 2022Annual accounts 2022107,4 k €↑
- 2021Annual accounts 2021-316,9 k €↓
- 2020Annual accounts 202010,7 k €↓
- 2019Annual accounts 201913 k €↑
- 2018Annual accounts 201811,7 k €↓
- 2017Annual accounts 201714,6 k €↑
- 2016Annual accounts 201612,2 k €↑
- 2015Annual accounts 20151,4 k €↓
- 2014Annual accounts 20149,9 k €↓
- 2013Annual accounts 201316,6 k €↑
- 2012Annual accounts 2012-495 €↑
- 2011Annual accounts 2011-2,3 k €↓
- 2010Annual accounts 20102,1 k €↓
- 2009Annual accounts 20093 k €↑
- 2008Annual accounts 2008-7,5 k €
- 25/10/2004IncorporationPrivate limited company