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FREEBIRD STUDIO

Active
Private limited companyfounded 201511 yrs activeRue des Alliés 2, 7080 Frameries, BelgiumKBO/BCE: BE 0628.526.940

FREEBIRD STUDIO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 72% of 18173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
84 / 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▼-15
Solvency85▲+18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.38 against 1.63 in 2024; short-term debt: 36.5% and cash: 72.1% of total assets), and 39.6% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
60.4%
Return on assets
13%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €38k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 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 filings
Deviation from the deadline
2025
48 d late
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 →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
19-09-2026 today31-12-2026 close31-07-2027 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 2025, micro schema

Equity
€38k▲ 27.5%
2024 · €30k
2018: €3k 2019: €-8k 2020: €-8k 2021: €9k 2022: €9k 2023: €513 2024: €30k
2018 → 2025
Total assets
€64k▼ 11.1%
2024 · €72k
2018: €238k 2019: €216k 2020: €228k 2021: €224k 2022: €207k 2023: €201k 2024: €72k
2018 → 2025
Net result
€8k▼ 72.0%
2024 · €30k
2018: €7k 2019: €-12k 2020: €606 2021: €17k 2022: €200 2023: €-8k 2024: €30k
2018 → 2025
Working capital
€32k▲ 36.7%
2024 · €23k
2018: €-35k 2019: €-43k 2020: €-21k 2021: €-11k 2022: €-19k 2023: €-38k 2024: €23k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€9k-€9k▲ 2.3%€513▼ 94.3%€30k▲ 5,780%€38k▲ 27.5%
Operating result€23k-€6k▼ 73.8%€-3k€35k€13k▼ 63.9%
Net result€17k-€200▼ 98.8%€-8k€30k€8k▼ 72.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-20k€0€20k€40kOperating result 2021: €23k€23kNet result 2021: €17k€17kOperating result 2022: €6k€6kNet result 2022: €200€200Operating result 2023: €-3k€-3kNet result 2023: €-8k€-8kOperating result 2024: €35k€35kNet result 2024: €30k€30kOperating result 2025: €13k€13kNet result 2025: €8k€8k20212022202320242025
The operating result falls in 2025; 2025 is 64% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64k
Fixed assets €8k▼ 23.8%
Current assets €55k▼ 8.8%
Equity and liabilities €64k
Equity €38k▲ 27.5%
Debt €25k▼ 39.3%
The debt ratio falls from 57.9% to 39.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€15k
2024 · €37k
Cash flow
€11k
2024 · €31k
Solvency
60.4%
2024 · 42.1%
Current ratio
2.38
2024 · 1.63
Quick ratio
2.30
2024 · 1.58
Debt / equity
0.65
2024 · 1.37
ROE
21.6%
2024 · 98.3%
ROA
13.0%
2024 · 41.4%
Interest coverage
6.92
2024 · 6.42
Debt
€25k
2024 · €41k
Debt ≤ 1 year
€23k
2024 · €37k
Debt > 1 year
€2k
2024 · €4k
Income taxes
€2k
Staff costs
€19k
2024 · €16k
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 · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€72k€64k
Fixed assets21/28€11k€8k
Intangible fixed assets21€0-
Tangible fixed assets22/27€11k€8k
Plant, machinery and equipment23€8k€6k
Furniture and vehicles24€2k€1k
Other tangible fixed assets26€1k€1k
Financial fixed assets28€390€390=
Current assets29/58€61k€55k
Stocks and contracts in progress3€2k€2k
Stocks30/36€2k€2k
Amounts receivable within one year40/41€6k€7k
Trade receivables40€6k€4k
Other amounts receivable41-€3k
Cash at bank and in hand54/58€52k€46k
Deferred charges and accrued income490/1€1k€364
Equity and liabilities
Total equity and liabilities10/49€72k€64k
Equity10/15€30k€38k
Contributions10/11€19k€19k=
Profit (loss) carried forward14€12k€20k
Amounts payable17/49€41k€25k
Amounts payable after more than one year17€4k€2k
Financial debts170/4€4k€2k
Amounts payable within one year42/48€37k€23k
Current portion of amounts payable after more than one year42€4k€2k
Trade debts44€11k€3k
Suppliers440/4€11k€3k
Taxes, remuneration and social security45€9k€11k
Taxes450/3€5k€9k
Remuneration and social security454/9€4k€2k
Other amounts payable47/48€13k€7k
Income statement Code20242025
Remuneration, social security and pensions62€16k€19k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k
Other operating charges640/8€2k€709
Gross operating margin9900€55k€35k
Operating profit (loss)9901€35k€13k
Financial income75/76B€68€201
Recurring financial income75€68€201
Financial charges65/66B€6k€2k
Recurring financial charges65€6k€2k
Profit (loss) for the period before taxes9903€30k€11k
Income taxes67/77-€2k
Profit (loss) for the period9904€30k€8k
Profit (loss) for the period to be appropriated9905€30k€8k
Appropriation of the result
Profit (loss) to be appropriated9906€12k€20k
Profit (loss) brought forward from the previous period14P€-18k€12k

The notes to these accounts (8 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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
17-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 48 days late
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
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
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.

Rue des Alliés 27080 Frameries
Ground 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
Rue des Alliés 2, 7080 FrameriesRetail trade
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.

Similar companies · same sector, comparable size

Of 1,729 companies in sector 47742 we hold annual accounts for 1,138. 860 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 · 11 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries
Phone:+32471757465
Enterprise
Phone:065/67.15.71
Enterprise