Equity
€175,612 ▲ 118%
Equity rose in 2025 from €80,626 to €175,612.
Cloudfirst
Overview
Lifetime
3 annual accounts with figures on one time axispeak €122,602 (2025)
€122,602▲ 54.6%
peak €94,987 (2025)
€94,987▲ 54.3%
peak €175,612 (2025)
€175,612▲ 118%
€42,399▲ 65.4%
Board1 name since 2023
1 directorDevos Levi Tim
Documentsfilings and deeds
12-01-2026200 days before the deadline
2025micro format
Gross margin from €79,289 to €122,602Result from €61,543 to €94,987Equity from €80,626 to €175,612Debts from €25,639 to €42,399Investments €2,793
Key points
from the 2025 annual accountsTurnover
≈ €210,000 estimated
The micro format states no turnover.
Investments
€2,793 2.7 × depreciation
Green is investment, beige is depreciation.
Checked score
98
Excellent
Financially stronger than 86% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: 0.1%▲ +0.1 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 5.00, cash €78,375
Equity €175,612 (80.6% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 82% on liquidity, 84% on profitability and 91% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as Cloudfirst has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Cloudfirst itself is lower: < 0.1% within 12 months. It rests on far more data about Cloudfirst than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for Cloudfirst. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.0 (3.98 in 2024), above the usual 1.5. Short-term debt is 19.4% and cash 35.9% of total assets. 19.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 12-01-2026, 200 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
200 days early
2024
20 days early
2023
173 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 131 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 February (3 of the last 3 accounts filed within 152 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0805190070
Incorporation
Founding capital of €2,000, 100 shares · Founder: Devos Levi Tim · Appointment: Devos Levi Tim (director) · published on 30-08-2023 · Gazette deed
First establishment
Kattestraat 222, Beveren-Kruibeke-Zwijndrecht
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Cloudfirst Beveren-Kruibeke-Zwijndrecht | €218,011 | €122,602 | 80.6% | - |
| MEIMV Deinze | €212,445 | €116,746 | 83.5% | - |
| UTROPI Oudenaarde | €213,006 | €130,560 | 89.7% | - |
| Castle Advisory Ghent | €217,958 | €116,373 | 90.4% | - |
| Niels De Lathouwer Erpe-Mere | €235,944 | €126,747 | 83.9% | - |
| THOMAS NEYT Lokeren | €200,522 | €124,945 | 76.8% | - |
| PROGRESSUS Sint-Martens-Latem | €229,529 | €114,143 | 73.3% | - |
These companies have the same main activity as Cloudfirst: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €201,000 and €236,000, founded in 2023.
Official details
Source: KBO- Status
- Active since 28-08-2023Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.348.789.0789150 Beveren-Kruibeke-Zwijndrecht, since 28-08-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 25-11-2025
Annual accounts 2025
- €122,602▲ 54.6%
- €94,987▲ 54.3%
- €175,612▲ 118%
- €218,011▲ 105%
- Filing
- Filed on 12-01-2026, 200 days before the end of the filing period
Insights on Cloudfirst
Cloudfirst files the micro format. That format states no turnover. The gross margin rose from €26,717 in 2023 to €122,602 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 12-01-2026, 200 days before the deadline€122,602
▲ 54.6%
€121,240
▲ 54.4%
€94,987
▲ 54.3%
€169,565
▲ 122%
80.6%
▲ 4.7 percentage points
5.00
▲ 1.02
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €210,000. Estimated: probably between €180,000 and €250,000.
Balance sheet
balance sheet total €218,011 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
80.6%
Higher than 78% of 39,360 companies in 2025.
5.00
Higher than 78% of 38,044 companies in 2025.
43.6%
Higher than 82% of 38,516 companies in 2025.
Cloudfirst
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
218,011 | 106,265 | 38,649 | |
21/28 |
6,047 | 4,307 | - | |
22/27 |
6,047 | 4,307 | - | |
24 |
3,921 | 1,506 | - | |
26 |
2,126 | 2,800 | - | |
29/58 |
211,964 | 101,958 | 38,649 | |
40/41 |
33,590 | 19,670 | 29,190 | |
40 |
33,590 | 19,663 | 29,190 | |
41 |
- | 7 | - | |
50/53 |
100,000 | - | - | |
54/58 |
78,375 | 82,288 | 9,459 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
218,011 | 106,265 | 38,649 | |
10/15 |
175,612 | 80,626 | 19,882 | |
10/11 |
2,000 | 2,000 | 2,000 | |
13 |
173,612 | 78,626 | 17,882 | |
133 |
173,612 | 78,626 | 17,882 | |
17/49 |
42,399 | 25,639 | 18,766 | |
42/48 |
42,399 | 25,639 | 18,766 | |
44 |
678 | 301 | 1,443 | |
440/4 |
678 | 301 | 1,443 | |
45 |
40,217 | 22,729 | 17,324 | |
450/3 |
40,217 | 22,729 | 12,728 | |
454/9 |
- | - | 4,595 | |
47/48 |
1,504 | 2,609 | - | |
| Income statement | ||||
9900 |
122,602 | 79,289 | 26,717 | |
630 |
1,052 | 710 | 1,338 | |
640/8 |
310 | 64 | 422 | |
9901 |
121,240 | 78,514 | 24,957 | |
75/76B |
- | 1 | - | |
75 |
- | 1 | - | |
65/66B |
114 | 197 | 197 | |
65 |
114 | 197 | 197 | |
9903 |
121,126 | 78,319 | 24,760 | |
67/77 |
26,139 | 16,776 | 5,278 | |
9904 |
94,987 | 61,543 | 19,482 | |
9905 |
94,987 | 61,543 | 19,482 | |
| Appropriation of the result | ||||
9906 |
94,987 | 61,543 | 19,482 | |
691/2 |
94,987 | 60,743 | 17,882 | |
6921 |
94,987 | 60,743 | 17,882 | |
694/7 |
- | 800 | 1,600 | |
694 |
- | 800 | 1,600 | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 12-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 122,292 | 79,225 | 26,295 | ||
| 96,039 | 62,253 | 20,820 | ||
| 2,793 | 5,017 | - | ||
| -3,913 | 72,829 | - | ||
| 169,565 | 76,319 | 19,882 | ||
| 80.6% | 75.9% | 51.4% | ||
| 5.00 | 3.98 | 2.06 | ||
| 0.24 | 0.32 | 0.94 | ||
| 54.1% | 76.3% | 98.0% | ||
| 43.6% | 57.9% | 50.4% | ||
| over 100 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €2,793 | €5,017 | - |
| €1,052 | €710 | €1,338 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on Cloudfirst
The operating result for 2025 is 54% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 24.1% to 19.4%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 28-08-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 12-01-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 30-08-2023
Mandates through the years
1 name, the dashed line is todayDevos Levi Tim
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- Devos Levi Tim
- Director (not named in the articles), from 28-08-2023 to date
Control
Capital
- Contribution
- €2,000
- Shares
- 100
- Contribution per share
- €20
- Equity per share
- €1,756 in 2025
- Source
- deed of 30-08-2023
Articles of association
deed of 30-08-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 18:00
Founder
At incorporation
deed of 30-08-2023 ↗
- Devos Levi Tim sole founder · 100% at incorporation
Network & group
No group
Cloudfirst has no parent and no holdings in its annual accounts. Devos Levi Tim is the only director. Cloudfirst shares no director with another company.
At the same address
Kattestraat 222, 9150 Beveren-Kruibeke-Zwijndrecht · 1 other company| Lien Egghe
registered office since 09-09-2021 · founded in 2021 |
total assets €103,215 (2025) 0773.694.566 |
Timeline
Timeline
8 events since 2023Filings
Financial
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFmicro format · 200 days before the deadline
2025
Highest result from 2023 to 2025 net €94,987 ▲54.3% The operating result of €121,240 and the net result of €94,987 are both a record.
Equity above €150,000 equity €175,612 ▲118% With a profit in every financial year since 2023, equity grows to €175,612.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0805190070
Annual accounts 2024 filed PDFmicro format · 20 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 173 days before the deadline
2023
IncorporationFounding capital of €2,000, 100 shares · Founder: Devos Levi Tim · Appointment: Devos Levi Tim (director) · published on 30-08-20233 points ▸
- Founder, Devos Levi Tim
- Founding capital, €2,000, 100 shares
- Director appointment, Devos Levi Tim (director (not named in the articles))
- The deed holds 1 more point.
First establishment Kattestraat 222, Beveren-Kruibeke-Zwijndrecht
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 28 August 2023, Cloudfirst was incorporated as a private limited company by one natural person, with a starting capital of €2,000.12 Devos Levi Tim has served as director since 2023.3 Total assets went from €38,649 in 2023 to €218,011 in 2025.4
Company details
Identity
- Enterprise number
- 0805.190.070
- VAT number
- BE 0805.190.070
- Peppol ID
- 0208:0805190070
- Other Peppol ID
- 9925:BE0805190070
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 28-08-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 18:00deed of 30-08-2023 (in Dutch)
- Peppol
- Reachable since 25-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Cloudfirst in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 30-08-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Kattestraat 222, 9150 Kruibeke”deed of 30-08-2023 (in Dutch)
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
62020
IT consultancy
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het verlenen van diensten in de meest ruime zin van het woord,aan particulieren,bedrijven en ondernemingen van alle aard,onder meer op het…”deed of 30-08-2023 (in Dutch)
23 activities
- Het verlenen van diensten in de meest ruime zin van het woord,aan particulieren,bedrijven en ondernemingen van alle aard,onder meer op het vlak van administratie,management,bedrijfsorganisatie en informatica;
- Het ontwikkelen van computerprogrammatuur ten behoeve van derden en het verstrekken van adviezen op het gebied van automatisering en informatica,alsmede het verrichten van alle handelingen die met het vorenstaande direct of indirect verband houden;
- De im- en export,de groot- en kleinhandel,de agentuur,leasing,verhuring en vertegenwoordiging van alle elektronische machines zoals computers,tekst- en gegevensverwerkers,"data systems" en hun randapparatuur,alsmede alle materieel,onderdelen,benodigdheden en software;
- Het uitwerken en installeren van datanetten,netwerken,cloud-omgevingen,allerhande programmering,systeem analyse,installatie van computers,alsmede de opleiding en de bediening terzake;
- De im- en export,de groot- en kleinhandel en de ontwikkeling van computerbeheerssystemen;
- Het afsluiten en uitvoeren van onderhoudscontracten voor materieel en programma's en voor alle herstellingen van bedoelde machines en materieel;
- Het ontwikkelen en onderhouden van diverse. Aan- en verkoop,import en export,vervaardiging en onderhoud van diverse software,hardware en hun netwerken. Ontwikkeling en uitbating van websites en mobile toepassingen,herstelling en verkoop van telecomonderdelen. Consultancy voor IT en bedrijfsorganisatie en ontwerpen en programmeren van computerprogramma’s.
- Het geven van opleiding in softwarepakketten en informatica aan bedrijven,overheidsinstanties,verenigingen en privé personen.
- Het afsluiten van licentieovereenkomsten,royaltieovereenkomsten,exclusiviteitscontracten en andere gelijkaardige rechten.
- Het verschaffen van advies in verband met de aankoop,verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis.
- De bemiddeling bij aankoop,verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis.
- Het doen opbrengen van onroerende goederen,inzonderheid door het oprichten van appartement- of andere gebouwen,met hun binnenhuisinrichting en voltooiing en vervolgens met hun beheer en uitbating.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen.
- Projectmanagement,het beheer en ontwikkeling van vastgoedprojecten.
- Kopen,verkopen,huren en verhuren van onroerend goed,zonder de functie van makelaar uit te oefenen.
- Verhuur van sportmateriaal.
- Verhuur van sport/recreatie ruimte & toebehoren.
- Het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten vennootschappen en het beheer van een roerend vermogen;
- De samenstelling en het beheer van een onroerend vermogen en de huurfinanciering van onroerende goederen aan derden,het verwerven door aankoop of anderszins,het verkopen,het ruilen,het bouwen,het verbouwen,het verbeteren,het uitrusten,het aanpassen,het verfraaien,het onderhouden,het verhuren,het huren,het verkavelen,het prospecteren en het uitbaten van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de uitbreiding en de opbrengst van de onroerende goederen te bevorderen,alsmede zich borg stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen.
- Het aangaan en verstrekken van leningen,kredieten,financieringen en het aangaan van leasingcontracten,in het kader van de bovenvermelde doelstellingen.
- I. Voor eigen rekening,voor rekening van derden,of in deelneming met derden
- II. Voor eigen rekening
- III. Algemeen
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Kattestraat 222 registered office 9150 Beveren-Kruibeke-Zwijndrecht | 28-08-2023 | 2.348.789.078 |
Buildings and parcels at the address
- Ground area
- 1,887 m²
- Buildings
- 37 m²
- Tallest building
- 0.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46013C0100/00B002 | 1,887 m² | 1 · 37 m² | 0.2 m |