FIRST CLASS CW
ActiveFrom the official registers: KBO 2 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of FIRST CLASS CW is 3.4% (moderate). The annual accounts of FIRST CLASS CW for financial year 2024 show a net loss of 70% of total assets and of 61% of the equity at the start of that year. The 2024 annual accounts show equity of €6,192 and a net result of -€9,540. Its solvency ranks better than 58% of 3,515 sector peers (NACE 95, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 1 November 2026.
Annual accounts 2024
- Financial year ended
- 31-12-2024
- Filed on
- 29-09-2025
- Format
- micro format
- Reference
- 2025-00532077
2023 to 2024, 2 financial years
The operating result turns negative in 2024: a loss of €9,540 after €10,732 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,223 companies that looked in July 2024 the way this one looks now, 3.4% went bankrupt within 24 months and 87.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,223 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Turnover70 | €40,556 | €38,950 | ▼ 4.0% |
| Goods, raw materials, services and sundry goods60/61 | €22,965 | €28,580 | ▲ 24.5% |
| Remuneration, social security and pensions62 | €6,859 | €19,911 | ▲ 190% |
| Gross operating margin9900 | €17,591 | €10,371 | ▼ 41.0% |
| Operating profit (loss)9901 | €10,732 | -€9,540 | - |
| Profit (loss) for the period before taxes9903 | €10,732 | -€9,540 | - |
| Profit (loss) for the period9904 | €10,732 | -€9,540 | - |
| Profit (loss) for the period to be appropriated9905 | €10,732 | -€9,540 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €26,220 | €13,550 | ▼ 48.3% |
| Current assets29/58 | €26,220 | €13,550 | ▼ 48.3% |
| Amounts receivable within one year40/41 | €833 | - | - |
| Trade receivables40 | €212 | - | - |
| Other amounts receivable41 | €621 | - | - |
| Cash at bank and in hand54/58 | €25,387 | €13,550 | ▼ 46.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €26,220 | €13,550 | ▼ 48.3% |
| Equity10/15 | €15,732 | €6,192 | ▼ 60.6% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Capital10 | €5,000 | €5,000 | = |
| Issued capital100 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €10,732 | €1,192 | ▼ 88.9% |
| Amounts payable17/49 | €10,488 | €7,359 | ▼ 29.8% |
| Amounts payable within one year42/48 | €10,488 | €7,359 | ▼ 29.8% |
| Taxes, remuneration and social security45 | €10,488 | €7,359 | ▼ 29.8% |
| Taxes450/3 | €8,514 | - | - |
| Remuneration and social security454/9 | €1,974 | €7,359 | ▲ 273% |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.