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FREE CLINIC

Active
Non-profit associationfounded 197254 yrs activeWaverse Steenweg 154-A, 1050 Elsene, BelgiumKBO/BCE: BE 0412.433.904

FREE CLINIC has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €422k and a net result of €23k. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 54% of 513 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).

Checked score

Score 2024
78 / 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability61▲+26
Solvency74▲+7
Growth33▼-1
Track record100
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.78 against 2.73 in 2023; short-term debt: 33.2% and cash: 16.8% of total assets), but 51.3% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 88
Relative position
BE, all sectors
reference
Sector 88
lower
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 54 years 0 60 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
31 d early
2023
30 d early
2022
53 d late
2021
82 d late
2020
36 d early
2019
59 d late
← before the deadline after the deadline →
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover
€713k▼ 2.7%
2023 · €732k
2018: €699k 2019: €616k 2020: €650k 2021: €649k 2022: €691k 2023: €732k
2018 → 2024
EBIT margin
3.1%▲ 4.5pp
2023 · -1.4%
2018: -186.8% 2019: -212.0% 2020: 0.9% 2021: -10.9% 2022: -10.6% 2023: -1.4%
2018 → 2024
Net result
€23k
2023 · €-11k
2018: €38k 2019: €-4k 2020: €5k 2021: €-73k 2022: €-76k 2023: €-11k
2018 → 2024
Working capital
€510k▼ 9.4%
2023 · €563k
2018: €704k 2019: €701k 2020: €734k 2021: €686k 2022: €588k 2023: €563k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Turnover€650k-€649k▼ 0.2%€691k▲ 6.5%€732k▲ 6.0%€713k▼ 2.7%
Equity€487k-€487k=€410k▼ 15.7%€399k▼ 2.7%€422k▲ 5.8%
Operating result€6k-€-71k€-73k▼ 3.6%€-11k▲ 85.6%€22k
Net result€5k-€-73k€-76k▼ 5.3%€-11k▲ 85.6%€23k
Result per fiscal year
Operating resultNet result
€-100k€-75k€-50k€-25k€0€25kOperating result 2020: €6k€6kNet result 2020: €5k€5kOperating result 2021: €-71k€-71kNet result 2021: €-73k€-73kOperating result 2022: €-73k€-73kNet result 2022: €-76k€-76kOperating result 2023: €-11k€-11kNet result 2023: €-11k€-11kOperating result 2024: €22k€22kNet result 2024: €23k€23k20202021202220232024
The operating result returns to profit in 2024: €22k after a loss of €11k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €867k
Fixed assets €69k▼ 5.5%
Current assets €798k▼ 10.2%
Equity and liabilities €867k
Equity €422k▲ 5.8%
Provisions €155k▼ 33.3%
Debt €290k▼ 12.2%
The debt ratio falls from 34.3% to 33.4%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€36k
2023 · €7k
Cash flow
€37k
2023 · €6k
Solvency
48.7%
2023 · 41.6%
Current ratio
2.78
2023 · 2.73
Quick ratio
2.78
2023 · 2.73
Debt / equity
0.69
2023 · 0.83
ROE
5.5%
2023 · -2.8%
ROA
2.7%
2023 · -1.1%
Interest coverage
10.99
2023 · 2.85
Debt
€290k
2023 · €330k
Debt ≤ 1 year
€287k
2023 · €325k
Debt > 1 year
€2k
2023 · €5k
Staff costs
€1.53M
2023 · €1.35M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€961k€867k
Fixed assets21/28€73k€69k
Tangible fixed assets22/27€65k€61k
Plant, machinery and equipment23€34k€29k
Furniture and vehicles24€31k€32k
Financial fixed assets28€8k€8k=
Current assets29/58€888k€798k
Amounts receivable within one year40/41€120k€236k
Trade receivables40€51k€67k
Other amounts receivable41€69k€169k
Current investments50/53€401k€404k
Cash at bank and in hand54/58€350k€145k
Deferred charges and accrued income490/1€17k€12k
Equity and liabilities
Total equity and liabilities10/49€961k€867k
Equity10/15€399k€422k
Reserves13€150k€150k=
Profit (loss) carried forward14€249k€272k
Provisions and deferred taxes16€232k€155k
Provisions for liabilities and charges160/5€232k€155k
Other liabilities and charges164/5€232k€155k
Amounts payable17/49€330k€290k
Amounts payable after more than one year17€5k€2k
Other amounts payable178/9€5k€2k
Amounts payable within one year42/48€325k€287k
Trade debts44€84k€46k
Suppliers440/4€84k€46k
Taxes, remuneration and social security45€178k€212k
Taxes450/3€178k€13k
Remuneration and social security454/9-€199k
Income statement Code20232024
Turnover70€732k€713k
Goods, raw materials, services and sundry goods60/61€761k€731k
Remuneration, social security and pensions62€1.35M€1.53M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€14k
Other operating charges640/8€20k€4k
Gross operating margin9900€1.37M€1.49M
Operating profit (loss)9901€-11k€22k
Financial income75/76B€2k€4k
Recurring financial income75€2k€4k
Financial charges65/66B€2k€3k
Recurring financial charges65€2k€3k
Profit (loss) for the period before taxes9903€-11k€23k
Profit (loss) for the period9904€-11k€23k
Profit (loss) for the period to be appropriated9905€-11k€23k
Appropriation of the result
Profit (loss) to be appropriated9906€249k€272k
Profit (loss) brought forward from the previous period14P€260k€249k
Social balance
Average headcount (FTE)908720.420.4=

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Back to profitnet €23k
Net result €23k after 3 loss-making years.
01-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
22-09
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 53 days late
2022
31-12
Financial Weakest financial yearnet €-76k
Net result drops to €-76k, the lowest in the series; recovery starts the following year.
21-10
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 82 days late
2021
25-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Back to profitnet €5k
Net result €5k after one loss-making year.
28-09
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 59 days late
2019
28-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
01-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
07-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
28-10-2025 FALAISE Fleur: Resigned as Director
04-01-2024 BERSANOVA Hedi: Resigned as Director
28-07-2023 BURRATIN Mathieu: Resigned as Director
28-07-2023 COPPENS Adeline: Resigned as Director
28-07-2023 Miguel De Clerck: Resigned as Director
28-07-2023 UNG Kim DA: Resigned as Director
28-07-2023 VANDE CASTEELE Corinne: Resigned as Director
11-03-2022 FLAGEL Manon: Resigned as Director
11-03-2022 ROMAN Adrien: Resigned as Director
03-01-2020 ABDUL LATIF Maytham: Resigned as Director
03-01-2020 DECROLY Vincent: Resigned as Director
03-01-2020 SCHOONBROODT Simone: Resigned as Director
04-06-2019 de Ville Isabelle: Resigned as Director
04-06-2019 Mathieu DE BACKER: Resigned as Director
23-06-2017 MERNIER Muriel: Resigned as Director
23-06-2017 REKIK Malika: Resigned as Director
23-06-2017 SERNA Jean Michel: Resigned as Director
16-09-2015 DECROLY Vincent: Resigned as Director
15-09-2014 LAPORTE François: Resigned as Director
15-09-2014 LEYTENS Elisabeth: Resigned as Director
15-09-2014 PONCELET Michaël: Resigned as Director
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 1972
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Waverse Steenweg 154-A1050 Elsene
Ground area
272 m²
Building footprint
139 m²
Volume, LiDAR
1,532 m³
Parcel 21009A0929/00E000, Brussels · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
FREE CLINIC
Waverse Steenweg 154A, 1050 ElseneOther social work without accommodation
since 19722.155.318.818
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21009A0929/00E000 Brussels 272 m² 1 · 139 m² 15.8 m · 4 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 2,204 companies in sector 88999 we hold annual accounts for 802. 630 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formNon-profit association
Founded15-06-1972
Fiscal year end31-12
Activities, NACEBEL
88999Other social work without accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.