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Free - Time

Open bankruptcy
Non-profit associationfounded 1990Nieuwevaart 118, 9000 Gent, Belgium27 active companies are registered at this addressKBO/BCE: BE 0442.350.385

A bankruptcy procedure is open for Free - Time according to publications in the Belgian Official Gazette; trustee: Walter Deweppe.

Summary

The 2025 annual accounts show negative equity (-€78,546) and a net result of -€44,875.

Free - TimeOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Ghent, Ghent division
Declared bankrupt
31 July 2026
Supervising judge
Toon Sorgeloos
Official Gazette
06-08-2026 (pdf) ↗search the document for 2026/134118

Deadlines

Provisional date payments stopped
27 July 2026Payments and security you received since that day can in some cases be challenged by the trustee. A later judgment can change the date.art. XX.105, XX.111 and XX.112, Code of Economic Law
Appeal or third-party opposition until
passed on 21 August 2026Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
File the claim in RegSol, the Belgian insolvency register, until
passed on 30 August 2026art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 4 September 2026Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
Late claim until
31 July 2027A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustee

What to do now

  1. Stop delivering on credit unless the trustee agrees.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the trustee's reports appear there.

These deadlines come from the publication of the judgment. Check them in RegSol before you file anything; once a deadline has passed, it is too late for that step.

File a claim in RegSol ↗ Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
Other sports activities
NACE 93199
1 site
Size
€245,242total assets 2025
Staff
7.8 FTE
Equity
-€78,546
Deficit
-€44,875
Financial health
Open bankruptcy: no score
Structure
1 of 4 deeds read
Signalsraises riskOpen bankruptcyNegative equityneutralLatest accounts filed on timeShow the evidence

Signals

Three signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€78,546
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-04-2026, 94 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
94 days early
2024
112 days early
2023
48 days late
2022
62 days early
2021
96 days early
2020
99 days early
2019
115 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 43 days before the deadline; the sector median (NACE 93) for financial year 2024 is 1 day before the deadline, and 42% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. OpeningEnterprise Court of Ghent, Ghent…
  2. Appointment: Christel De Vleeschauwer (director)Resignations: Lene Verhaegen (director) and…
  3. Annual accounts filedfinancial year 2025 · abbreviated…

Key points

  • Risk: Declared bankrupttrustee: Walter Deweppe 31-07-2026 View
  • Flemish supportawarded from 2022 to 2025 €1.2m View
  • One director decidessole director in office 1 View

By topic

Financials

Financial year
2025
Total assets
€245,242
Loss
-€44,875
Solvency
-32.0%
Total assets▼ 9.7%
Net result
20182025
Go to Financials

Timeline

Events
26
Since
2007
  1. 28-04-2026Annual accounts filed
  2. 10-04-2025Annual accounts filed
  3. 17-09-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Non-profit association
Activity
Other sports activitiesNACE 93199
Founded
01-03-1990
Year ends
31-12
Peppol
Still in the Peppol directory
Go to Company details

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