FIRST CARS
ActiveSummary
The computed 12-month bankruptcy probability of FIRST CARS is 2.4% (moderate). The 2024 annual accounts show equity of €36,221 and a net result of -€357. Equity has been growing by about 12% per year since 2018. Its solvency ranks better than 95% of 3,515 sector peers (NACE 95, financial year 2024). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 30-11-2016 Normal situation
- Activity
- Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles NACE 95312and 3 others
- Establishment unit
- 2.263.953.571 9600 Ronse, since 30-11-2016
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.4%
- Gross margin
- -€35
- Loss
- €357
- Equity
- €36,221
- ▼ 1.0%
- Total assets
- €37,827
- ▼ 4.1%
- 2025 accounts not filed, 94 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 02-06-2025)1 change of registered office in 24 monthslowers riskLiquidity: current ratio 23.65, cash €29,251Equity €36,221 (95.8% of total assets)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 95, micro). It does better than 92% of them on solvency, 98% on liquidity, 21% on profitability and 30% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 26 days before the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Key points
- Positive: Higher solvency than 95% of companies in repair of computers and personal goodssector median 37.2% · 3,515 companies 95.8% View
Recent changes
- · Gazette deed Registered office moved from Hechtel-Eksel to RonseResignation: Swinnen Walter (director) · Appointment: BURMS Michaël (director)
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as FIRST CARS: repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95312). They are comparable in size and age: total assets between €12,700 and €110,000, founded between 2013 and 2023.
| Company | Total assets | Gross margin |
|---|---|---|
| FIRST CARS Ronse | €37,827 | -€35 |
| GROUP B.Y.T. Wommelgem | €62,824 | €285 |
| SAVOY GERALD Ukkel | €64,501 | €2,173 |
| LR-Constructies Malle | €110,022 | -€14,319 |
| BUSTED KNUCKLES RESTORATIONS Avelgem | €12,744 | -€5,658 |
| TRUCK & IRON BROTHERS Tienen | €42,987 | -€46,456 |
| BRO'S ON FIRE Kapellen | €49,139 | €1,893 |
Key facts about FIRST CARS
- What is the company number of FIRST CARS?
- The company number of FIRST CARS is 0666.833.032. The VAT number is the same number with BE in front: BE 0666.833.032.
- Where is FIRST CARS based?
- The registered office is at Olifantstraat 16, 9600 Ronse.Company details
- What does FIRST CARS do?
- According to the KBO register, the main activity is repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95312).
- What is the legal form of FIRST CARS?
- The legal form of FIRST CARS is Private limited company (pre-2019) (BVBA).
- When was FIRST CARS founded?
- FIRST CARS was founded on 30-11-2016.
- Is FIRST CARS still active?
- Yes, FIRST CARS is an active enterprise in the KBO register.
- What is the turnover of FIRST CARS?
- The annual accounts for financial year 2024 state no turnover. The micro format does not require it.Financials
- Is FIRST CARS profitable?
- In financial year 2024, FIRST CARS made a loss of €357.
- Where can I find the annual accounts of FIRST CARS?
- FIRST CARS filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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