VRIJEVORM
ActiveSummary
VRIJEVORM has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120k and a net result of €36k. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 45% of 2003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+9
Solvency69▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 1.62 against 1.45 in 2024; short-term debt: 51.9% and cash: 77.3% of total assets), but 56.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← 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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.6%
Return on assets
12.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
2 d early
2022
on the day
2021
1 d late
2020
1 d late
2019
15 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€120k▲ 40.8%
2024 · €85k
2019: €52k
2020: €52k▼ -1.5% vs 2019
2021: €44k▼ -14.4% vs 2020lowest in 7 years
2022: €55k▲ +25.3% vs 2021
2023: €76k▲ +38.1% vs 2022
2024: €85k▲ +12.0% vs 2023
2025: €120k▲ +40.8% vs 2024highest in 7 years
2019 → 2025
Total assets
€276k▲ 29.9%
2024 · €212k
2019: €165k
2020: €161k▼ -2.3% vs 2019
2021: €146k▼ -9.4% vs 2020lowest in 7 years
2022: €162k▲ +10.9% vs 2021
2023: €204k▲ +25.7% vs 2022
2024: €212k▲ +4.3% vs 2023
2025: €276k▲ +29.9% vs 2024highest in 7 years
2019 → 2025
Net result
€36k▲ 199%
2024 · €12k
2019: €650
2020: €-796▼ -222% vs 2019
2021: €-7k▼ -832% vs 2020lowest in 7 years
2022: €12k▲ +261% vs 2021
2023: €22k▲ +82.7% vs 2022
2024: €12k▼ -45.2% vs 2023
2025: €36k▲ +199% vs 2024highest in 7 years
2019 → 2025
Working capital
€89k▲ 74.5%
2024 · €51k
2019: €-5klowest in 7 years
2020: €7k▲ +249% vs 2019
2021: €7k▲ +2.1% vs 2020
2022: €19k▲ +160% vs 2021
2023: €40k▲ +116% vs 2022
2024: €51k▲ +27.2% vs 2023
2025: €89k▲ +74.5% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€55k▲ 25.3%€76k▲ 38.1%€85k▲ 12.0%€120k▲ 40.8%
2021: €44klowest in 5 years
2022: €55k▲ +25.3% vs 2021
2023: €76k▲ +38.1% vs 2022
2024: €85k▲ +12.0% vs 2023
2025: €120k▲ +40.8% vs 2024highest in 5 years
Operating result€-7k-€14k€30k▲ 111%€16k▼ 46.9%€54k▲ 237%
2021: €-7klowest in 5 years
2022: €14k▲ +295% vs 2021
2023: €30k▲ +111% vs 2022
2024: €16k▼ -46.9% vs 2023
2025: €54k▲ +237% vs 2024highest in 5 years
Net result€-7k-€12k€22k▲ 82.7%€12k▼ 45.2%€36k▲ 199%
2021: €-7klowest in 5 years
2022: €12k▲ +261% vs 2021
2023: €22k▲ +82.7% vs 2022
2024: €12k▼ -45.2% vs 2023
2025: €36k▲ +199% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 237% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €276k
Fixed assets
€44k ▼ 6.8%
Current assets
€232k ▲ 40.3%
Equity and liabilities €276k
Equity
€120k ▲ 40.8%
Debt
€156k ▲ 22.6%
Debt's share of the balance-sheet total falls from 59.8% to 56.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€61k▲
2024 · €22k
Cash flow
€43k▲
2024 · €18k
Current ratio
1.62▲
2024 · 1.45
Debt to equity
1.29▼
2024 · 1.49
ROE
29.7%▲
2024 · 14.0%
ROA
12.9%▲
2024 · 5.6%
Interest coverage
504.42▲
2024 · 317.76
Debt ≤ 1 year
€143k▲
2024 · €115k
Debt > 1 year
€12k=
2024 · €12k
Income taxes
€19k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€212k€276k▲
Fixed assets21/28€47k€44k▼
Tangible fixed assets22/27€47k€44k▼
Land and buildings22€37k€35k▼
Plant, machinery and equipment23€7k€7k▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€166k€232k▲
Amounts receivable within one year40/41€738€19k▲
Trade receivables40€738€19k▲
Other amounts receivable41-€120
Cash at bank and in hand54/58€165k€213k▲
Deferred charges and accrued income490/1€230€235▲
Equity and liabilities
Total equity and liabilities10/49€212k€276k▲
Equity10/15€85k€120k▲
Contributions10/11€12k€12k=
Reserves13€73k€108k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€71k€106k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€127k€156k▲
Amounts payable after more than one year17€12k€12k=
Financial debts170/4€12k€12k=
Amounts payable within one year42/48€115k€143k▲
Trade debts44-€4k
Suppliers440/4-€4k
Taxes, remuneration and social security45€5k€25k▲
Taxes450/3€5k€25k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€109k€114k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€24k€65k▲
Operating profit (loss)9901€16k€54k▲
Financial income75/76B€0€0=
Recurring financial income75€0€0=
Financial charges65/66B€69€122▲
Recurring financial charges65€69€122▲
Profit (loss) for the period before taxes9903€16k€54k▲
Income taxes67/77€4k€19k▲
Profit (loss) for the period9904€12k€36k▲
Profit (loss) for the period to be appropriated9905€12k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€36k▲
Transfer to equity691/2€9k€35k▲
To other reserves6921€9k€35k▲
Profit to be distributed694/7€3k€859▼
Return on contributions (dividend)694€833€859▲
Directors or managers695€2k€0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €4k | €5k | €6k | €7k | ▲ 18.0% |
| Other operating charges640/8 | - | €2k | €1k | €2k | €3k | ▲ 44.9% |
| Gross operating margin9900 | €8k | €21k | €37k | €24k | €65k | ▲ 167% |
| Operating profit (loss)9901 | €-7k | €14k | €30k | €16k | €54k | ▲ 237% |
| Financial income75/76B | - | €0 | €0 | €0 | €0 | = |
| Recurring financial income75 | €0 | €0 | €0 | €0 | €0 | = |
| Financial charges65/66B | - | €63 | €375 | €69 | €122 | ▲ 76.0% |
| Recurring financial charges65 | €-172 | €63 | €375 | €69 | €122 | ▲ 76.0% |
| Profit (loss) for the period before taxes9903 | €-7k | €14k | €30k | €16k | €54k | ▲ 238% |
| Income taxes67/77 | €179 | €2k | €8k | €4k | €19k | ▲ 349% |
| Profit (loss) for the period9904 | €-7k | €12k | €22k | €12k | €36k | ▲ 199% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €12k | €22k | €12k | €36k | ▲ 199% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €146k | €162k | €204k | €212k | €276k | ▲ 29.9% |
| Fixed assets21/28 | €49k | €49k | €49k | €47k | €44k | ▼ 6.8% |
| Tangible fixed assets22/27 | €49k | €49k | €49k | €47k | €44k | ▼ 6.8% |
| Land and buildings22 | - | €40k | €38k | €37k | €35k | ▼ 4.2% |
| Plant, machinery and equipment23 | - | €6k | €8k | €7k | €7k | ▼ 5.1% |
| Furniture and vehicles24 | - | €3k | €2k | €3k | €2k | ▼ 46.2% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €97k | €113k | €155k | €166k | €232k | ▲ 40.3% |
| Amounts receivable within one year40/41 | €9k | €14k | €10k | €738 | €19k | ▲ 2,469% |
| Trade receivables40 | - | €14k | €10k | €738 | €19k | ▲ 2,453% |
| Other amounts receivable41 | - | €0 | - | - | €120 | - |
| Cash at bank and in hand54/58 | €88k | €99k | €145k | €165k | €213k | ▲ 29.5% |
| Deferred charges and accrued income490/1 | - | - | - | €230 | €235 | ▲ 2.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €146k | €162k | €204k | €212k | €276k | ▲ 29.9% |
| Equity10/15 | €44k | €55k | €76k | €85k | €120k | ▲ 40.8% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €40k | €43k | €64k | €73k | €108k | ▲ 47.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €41k | €62k | €71k | €106k | ▲ 49.0% |
| Profit (loss) carried forward14 | €-8k | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €102k | €107k | €127k | €127k | €156k | ▲ 22.6% |
| Amounts payable after more than one year17 | €12k | €12k | €12k | €12k | €12k | = |
| Financial debts170/4 | - | €12k | €12k | €12k | €12k | = |
| Amounts payable within one year42/48 | €90k | €94k | €115k | €115k | €143k | ▲ 25.1% |
| Trade debts44 | €0 | €788 | €0 | - | €4k | - |
| Suppliers440/4 | - | €788 | €0 | - | €4k | - |
| Taxes, remuneration and social security45 | - | €5k | €15k | €5k | €25k | ▲ 358% |
| Taxes450/3 | - | €5k | €14k | €5k | €25k | ▲ 358% |
| Remuneration and social security454/9 | - | - | €1k | €0 | - | - |
| Other amounts payable47/48 | - | €89k | €100k | €109k | €114k | ▲ 4.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €12k | €22k | €12k | €36k | ▲ 199% |
| + Depreciation and write-downs630 | €14k | €4k | €5k | €6k | €7k | ▲ 18.0% |
| Operating cash flow (approximation) | €7k | €16k | €27k | €18k | €43k | ▲ 140% |
| Investment in fixed assets (approximation) | - | €-4k | €-4k | €-4k | €-4k | ▲ 8.9% |
| Change in cash | - | €11k | €47k | €19k | €49k | ▲ 152% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €36k ▲199%
Operating result €54k, net result €36k, both a record.
30-06
Financial
Equity above €100kEq €120k ▲40.8%
4 profitable years in a row build equity to €120k.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
30-06
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
16-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Antwerpen · 1 establishment unit since 2008
Ground area
279 m²
Building footprint
218 m²
Volume, LiDAR
2,946 m³
Parcel 11806F1376/00C000, Flanders · tallest building 25.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
VRIJE VORM
since 20082.175.349.912
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1376/00C000 | Flanders | 279 m² | 1 · 218 m² | 25.6 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
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 670 companies in sector 90392 we hold annual accounts for 205. 165 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded03-10-2008
Fiscal year end30-06
Activities, NACEBEL 2025
90392Design and construction of stages and sets
Contact
E-mail
jacjacco@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.