FREEBIRD STUDIO
ActiveFREEBIRD STUDIO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €30k and a net result of €30k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 58% of 26053 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+75
Solvency67▲+42
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 0.41 in 2023; short-term debt: 51.9% and cash: 72.5% of total assets), but 57.9% 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 risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
42.1%
Return on assets
41.4%
Age of the figures
20 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €30k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
28 d early
2021
22 d late
2020
31 d late
2019
88 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€30k▲ 5,780%
2023 · €513
2018: €3k
2019: €-8k
2020: €-8k
2021: €9k
2022: €9k
2023: €513
2018 → 2024
Total assets
€72k▼ 64.3%
2023 · €201k
2018: €238k
2019: €216k
2020: €228k
2021: €224k
2022: €207k
2023: €201k
2018 → 2024
Net result
€30k
2023 · €-8k
2018: €7k
2019: €-12k
2020: €606
2021: €17k
2022: €200
2023: €-8k
2018 → 2024
Working capital
€23k
2023 · €-38k
2018: €-35k
2019: €-43k
2020: €-21k
2021: €-11k
2022: €-19k
2023: €-38k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-8k-€9k€9k▲ 2.3%€513▼ 94.3%€30k▲ 5,780%
Operating result€9k-€23k▲ 161%€6k▼ 73.8%€-3k€35k
Net result€606-€17k▲ 2,631%€200▼ 98.8%€-8k€30k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €35k after a loss of €3k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €72k
Fixed assets
€11k▼ 93.7%
Current assets
€61k▲ 131%
Equity and liabilities €72k
Equity
€30k▲ 5,780%
Debt
€41k▼ 79.3%
The debt ratio falls from 99.7% to 57.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37k▲
2023 · €8k
Cash flow
€31k▲
2023 · €2k
Solvency
42.1%▲
2023 · 0.3%
Current ratio
1.63▲
2023 · 0.41
Quick ratio
1.58▲
2023 · 0.34
Debt / equity
1.37
ROE
98.3%
ROA
41.4%▲
2023 · -4.2%
Interest coverage
6.42▲
2023 · 1.35
Debt
€41k▼
2023 · €200k
Debt ≤ 1 year
€37k▼
2023 · €64k
Debt > 1 year
€4k▼
2023 · €136k
Staff costs
€16k▲
2023 · €13k
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€201k€72k▼
Fixed assets21/28€174k€11k▼
Intangible fixed assets21-€0
Tangible fixed assets22/27€174k€11k▼
Land and buildings22€171k-
Plant, machinery and equipment23€3k€8k▲
Furniture and vehicles24-€2k
Other tangible fixed assets26-€1k
Financial fixed assets28€390€390=
Current assets29/58€26k€61k▲
Stocks and contracts in progress3€4k€2k▼
Stocks30/36€4k€2k▼
Amounts receivable within one year40/41€930€6k▲
Trade receivables40€930€6k▲
Cash at bank and in hand54/58€10k€52k▲
Deferred charges and accrued income490/1€11k€1k▼
Equity and liabilities
Total equity and liabilities10/49€201k€72k▼
Equity10/15€513€30k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-18k€12k▲
Amounts payable17/49€200k€41k▼
Amounts payable after more than one year17€136k€4k▼
Financial debts170/4€136k€4k▼
Amounts payable within one year42/48€64k€37k▼
Current portion of amounts payable after more than one year42€19k€4k▼
Trade debts44€21k€11k▼
Suppliers440/4€21k€11k▼
Advances received on contracts in progress46€64-
Taxes, remuneration and social security45€10k€9k▼
Taxes450/3€7k€5k▼
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€14k€13k▼
Accrued charges and deferred income492/3€44-
Income statement
Code20232024
Remuneration, social security and pensions62€13k€16k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€2k▼
Other operating charges640/8€5k€2k▼
Gross operating margin9900€26k€55k▲
Operating profit (loss)9901€-3k€35k▲
Financial income75/76B€13€68▲
Recurring financial income75€13€68▲
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€-8k€30k▲
Profit (loss) for the period9904€-8k€30k▲
Profit (loss) for the period to be appropriated9905€-8k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€12k▲
Profit (loss) brought forward from the previous period14P€-10k€-18k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.63
Current ratio from 0.41 to 1.63; short-term debt falls from €64k to €37k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €606
Net result €606 after one loss-making year.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Weakest financial yearnet €-12k ▼258%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
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
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Frameries · 1 establishment unit since 2015
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.
Rue des Alliés 27080 FrameriesGround area
181 m²
Building footprint
125 m²
Volume, LiDAR
1,381 m³
Parcel 53028C0441/00H000, Wallonia · tallest building 12.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
FREEBIRD STUDIO
since 20152.242.670.583
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53028C0441/00H000 | Wallonia | 181 m² | 1 · 125 m² | 12.6 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.
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Of 1,729 companies in sector 47742 we hold annual accounts for 1,138. 815 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-04-2015
Fiscal year end31-12
Activities, NACEBEL
47742Retail sale of prescription glasses, lenses and sunglasses
47782Retail trade
74201Photography, excluding press photography
68203Renting and operating of own or leased non-residential real estate, excluding land
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
74209Other photographic activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:+32471757465
Phone:065/67.15.71