FIRST BASE
ActiveSummary
FIRST BASE has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €228k and a net result of €34k. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 15.7 against 14.2 in 2023; short-term debt: 3% and cash: 39.1% of total assets), and 3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-06-2025, 55 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
55 d early
2023
33 d early
2022
46 d early
2021
30 d early
2020
43 d early
2019
49 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€228k▲ 12.3%
2023 · €203k
2018: €70klowest in 7 years
2019: €85k▲ +22.2% vs 2018
2020: €110k▲ +29.0% vs 2019
2021: €159k▲ +44.2% vs 2020
2022: €187k▲ +17.8% vs 2021
2023: €203k▲ +8.7% vs 2022
2024: €228k▲ +12.3% vs 2023highest in 7 years
2018 → 2024
Total assets
€235k▲ 12.9%
2023 · €208k
2018: €73klowest in 7 years
2019: €93k▲ +27.2% vs 2018
2020: €123k▲ +32.7% vs 2019
2021: €176k▲ +43.0% vs 2020
2022: €216k▲ +22.6% vs 2021
2023: €208k▼ -3.6% vs 2022
2024: €235k▲ +12.9% vs 2023highest in 7 years
2018 → 2024
Net result
€34k▲ 5.2%
2023 · €32k
2018: €8klowest in 7 years
2019: €16k▲ +98.8% vs 2018
2020: €26k▲ +56.7% vs 2019
2021: €49k▲ +93.5% vs 2020highest in 7 years
2022: €29k▼ -41.4% vs 2021
2023: €32k▲ +11.7% vs 2022
2024: €34k▲ +5.2% vs 2023
2018 → 2024
Working capital
€103k▲ 48.4%
2023 · €70k
2018: €58k
2019: €77k▲ +32.5% vs 2018
2020: €50k▼ -35.0% vs 2019lowest in 7 years
2021: €103k▲ +105% vs 2020
2022: €65k▼ -36.8% vs 2021
2023: €70k▲ +7.2% vs 2022
2024: €103k▲ +48.4% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€110k-€159k▲ 44.2%€187k▲ 17.8%€203k▲ 8.7%€228k▲ 12.3%
2020: €110klowest in 5 years
2021: €159k▲ +44.2% vs 2020
2022: €187k▲ +17.8% vs 2021
2023: €203k▲ +8.7% vs 2022
2024: €228k▲ +12.3% vs 2023highest in 5 years
Operating result€34k-€68k▲ 97.9%€39k▼ 42.7%€45k▲ 14.8%€48k▲ 6.2%
2020: €34klowest in 5 years
2021: €68k▲ +97.9% vs 2020highest in 5 years
2022: €39k▼ -42.7% vs 2021
2023: €45k▲ +14.8% vs 2022
2024: €48k▲ +6.2% vs 2023
Net result€26k-€49k▲ 93.5%€29k▼ 41.4%€32k▲ 11.7%€34k▲ 5.2%
2020: €26klowest in 5 years
2021: €49k▲ +93.5% vs 2020highest in 5 years
2022: €29k▼ -41.4% vs 2021
2023: €32k▲ +11.7% vs 2022
2024: €34k▲ +5.2% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 6% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €235k
Fixed assets
€125k ▼ 6.5%
Current assets
€111k ▲ 47.3%
Equity and liabilities €235k
Equity
€228k ▲ 12.3%
Debt
€7k ▲ 33.3%
Debt's share of the balance-sheet total rises from 2.5% to 3.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€58k▲
2023 · €54k
Cash flow
€44k▲
2023 · €42k
Current ratio
15.70▲
2023 · 14.20
Debt to equity
0.03▲
2023 · 0.03
ROE
14.9%▼
2023 · 15.9%
ROA
14.5%▼
2023 · 15.5%
Interest coverage
881.77▼
2023 · 887.24
Debt ≤ 1 year
€7k▲
2023 · €5k
Income taxes
€14k▲
2023 · €13k
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 · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€208k€235k▲
Fixed assets21/28€133k€125k▼
Tangible fixed assets22/27€133k€125k▼
Land and buildings22€124k€122k▼
Plant, machinery and equipment23€1k€866▼
Furniture and vehicles24€8k€2k▼
Current assets29/58€75k€111k▲
Amounts receivable within one year40/41€13k€17k▲
Trade receivables40€11k€13k▲
Other amounts receivable41€2k€5k▲
Cash at bank and in hand54/58€61k€92k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€208k€235k▲
Equity10/15€203k€228k▲
Contributions10/11€8k€8k=
Reserves13€161k€187k▲
Distributable reserves133€161k€187k▲
Profit (loss) carried forward14€34k€33k▼
Amounts payable17/49€5k€7k▲
Amounts payable within one year42/48€5k€7k▲
Trade debts44€103€90▼
Suppliers440/4€103€90▼
Taxes, remuneration and social security45€4k€6k▲
Taxes450/3€4k€6k▲
Other amounts payable47/48€800€800=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€509€431▼
Non-recurring operating charges66A€269-
Gross operating margin9900€55k€58k▲
Operating profit (loss)9901€45k€48k▲
Financial income75/76B€560€199▼
Recurring financial income75€560€199▼
Financial charges65/66B€61€65▲
Recurring financial charges65€61€65▲
Profit (loss) for the period before taxes9903€45k€48k▲
Income taxes67/77€13k€14k▲
Profit (loss) for the period9904€32k€34k▲
Profit (loss) for the period to be appropriated9905€32k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€67k€68k▲
Profit (loss) brought forward from the previous period14P€35k€34k▼
Transfer from equity791/2€15k€8k▼
Transfer to equity691/2€32k€34k▲
To other reserves6921€32k€34k▲
Profit to be distributed694/7€16k€9k▼
Return on contributions (dividend)694€16k€9k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €5k | €6k | €9k | €10k | ▲ 8.6% |
| Other operating charges640/8 | - | €573 | €473 | €509 | €431 | ▼ 15.3% |
| Non-recurring operating charges66A | - | - | - | €269 | - | - |
| Gross operating margin9900 | €44k | €74k | €46k | €55k | €58k | ▲ 5.9% |
| Operating profit (loss)9901 | €34k | €68k | €39k | €45k | €48k | ▲ 6.2% |
| Financial income75/76B | - | €1k | €1k | €560 | €199 | ▼ 64.5% |
| Recurring financial income75 | €1k | €1k | €1k | €560 | €199 | ▼ 64.5% |
| Financial charges65/66B | - | €57 | €59 | €61 | €65 | ▲ 7.3% |
| Recurring financial charges65 | €73 | €57 | €59 | €61 | €65 | ▲ 7.3% |
| Profit (loss) for the period before taxes9903 | €36k | €69k | €40k | €45k | €48k | ▲ 5.3% |
| Income taxes67/77 | €10k | €20k | €11k | €13k | €14k | ▲ 5.7% |
| Profit (loss) for the period9904 | €26k | €49k | €29k | €32k | €34k | ▲ 5.2% |
| Profit (loss) for the period to be appropriated9905 | €26k | €49k | €29k | €32k | €34k | ▲ 5.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €123k | €176k | €216k | €208k | €235k | ▲ 12.9% |
| Fixed assets21/28 | €60k | €56k | €122k | €133k | €125k | ▼ 6.5% |
| Tangible fixed assets22/27 | €59k | €55k | €121k | €133k | €125k | ▼ 6.5% |
| Land and buildings22 | - | €41k | €107k | €124k | €122k | ▼ 1.9% |
| Plant, machinery and equipment23 | - | - | €922 | €1k | €866 | ▼ 13.6% |
| Furniture and vehicles24 | - | €14k | €14k | €8k | €2k | ▼ 77.6% |
| Financial fixed assets28 | €510 | €510 | €510 | - | - | - |
| Current assets29/58 | €64k | €121k | €94k | €75k | €111k | ▲ 47.3% |
| Amounts receivable within one year40/41 | €42k | €33k | €36k | €13k | €17k | ▲ 37.6% |
| Trade receivables40 | - | €14k | €17k | €11k | €13k | ▲ 16.7% |
| Other amounts receivable41 | - | €19k | €19k | €2k | €5k | ▲ 164% |
| Cash at bank and in hand54/58 | €20k | €86k | €57k | €61k | €92k | ▲ 50.2% |
| Deferred charges and accrued income490/1 | - | €2k | €1k | €1k | €1k | ▲ 3.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €123k | €176k | €216k | €208k | €235k | ▲ 12.9% |
| Equity10/15 | €110k | €159k | €187k | €203k | €228k | ▲ 12.3% |
| Contributions10/11 | - | €8k | €8k | €8k | €8k | = |
| Reserves13 | €65k | €115k | €144k | €161k | €187k | ▲ 16.1% |
| Distributable reserves133 | - | €115k | €144k | €161k | €187k | ▲ 16.1% |
| Profit (loss) carried forward14 | €37k | €36k | €35k | €34k | €33k | ▼ 2.3% |
| Amounts payable17/49 | €13k | €18k | €29k | €5k | €7k | ▲ 33.3% |
| Amounts payable within one year42/48 | €13k | €18k | €29k | €5k | €7k | ▲ 33.3% |
| Trade debts44 | - | €166 | €13k | €103 | €90 | ▼ 12.6% |
| Suppliers440/4 | - | €166 | €13k | €103 | €90 | ▼ 12.6% |
| Taxes, remuneration and social security45 | - | €17k | €16k | €4k | €6k | ▲ 40.4% |
| Taxes450/3 | - | €17k | €16k | €4k | €6k | ▲ 40.4% |
| Other amounts payable47/48 | - | €800 | €800 | €800 | €800 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26k | €49k | €29k | €32k | €34k | ▲ 5.2% |
| + Depreciation and write-downs630 | €9k | €5k | €6k | €9k | €10k | ▲ 8.6% |
| Operating cash flow (approximation) | €35k | €54k | €35k | €42k | €44k | ▲ 5.9% |
| Investment in fixed assets (approximation) | - | €-1k | €-72k | €-21k | €-1k | ▲ 93.7% |
| Change in cash | - | €66k | €-28k | €4k | €31k | ▲ 734% |
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
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 14.20
Current ratio from 3.21 to 14.20; short-term debt falls from €29k to €5k.
31-12
Financial
Equity above €200kEq €203k ▲8.7%
6 profitable years in a row build equity to €203k.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €49k ▲93.5%
Operating result €68k, net result €49k, both a record.
31-12
Financial
Equity above €150kEq €159k ▲44.2%
4 profitable years in a row build equity to €159k.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €110k ▲29%
3 profitable years in a row build equity to €110k.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
16-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Beersel · 1 establishment unit since 2009
Ground area
653 m²
Building footprint
167 m²
Parcel 23001B0254/00F020, Flanders. Linked by address, not a title deed.
1 establishment unit
FIRST BASE
since 20092.179.485.674
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23001B0254/00F020 | Flanders | 653 m² | 1 · 167 m² | - |
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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 39,315 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
Founded19-06-2009
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.