FIRST CLASS PROJECTS
ActiveFIRST CLASS PROJECTS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78k and a net result of €-11k. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 675 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 39.42), and 2.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Sector 58
lower
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€11k
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
31 d early
2023
85 d early
2022
on the day
2021
32 d early
2020
31 d early
2019
9 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€78k▼ 12.2%
2024 · €88k
2018: €110k
2019: €110k
2020: €122k
2021: €122k
2022: €112k
2023: €98k
2024: €88k
2018 → 2025
Total assets
€80k▼ 10.5%
2024 · €89k
2018: €112k
2019: €110k
2020: €128k
2021: €123k
2022: €112k
2023: €99k
2024: €89k
2018 → 2025
Net result
€-11k▼ 10.5%
2024 · €-10k
2018: €7k
2019: €221
2020: €12k
2021: €-407
2022: €-10k
2023: €-14k
2024: €-10k
2018 → 2025
Working capital
€76k▼ 13.1%
2024 · €87k
2018: €101k
2019: €84k
2020: €100k
2021: €105k
2022: €105k
2023: €97k
2024: €87k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€122k-€112k▼ 8.4%€98k▼ 12.1%€88k▼ 9.9%€78k▼ 12.2%
Operating result€1k-€-10k€-14k▼ 35.5%€-10k▲ 27.3%€-11k▼ 13.7%
Net result€-407-€-10k▼ 2,418%€-14k▼ 31.8%€-10k▲ 27.9%€-11k▼ 10.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €10k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80k
Fixed assets
€2k▲ 73.9%
Current assets
€78k▼ 11.4%
Equity and liabilities €80k
Equity
€78k▼ 12.2%
Debt
€2k▲ 249%
The debt ratio rises from 0.6% to 2.5%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-11k▼
2024 · €-9k
Cash flow
€-10k▼
2024 · €-9k
Solvency
97.5%▼
2024 · 99.4%
Current ratio
39.42
Quick ratio
39.42
Debt / equity
0.03▲
2024 · 0.01
ROE
-13.9%▼
2024 · -11.0%
ROA
-13.5%▼
2024 · -11.0%
Interest coverage
-114.30▼
2024 · -68.17
Debt
€2k▲
2024 · €566
Debt ≤ 1 year
€2k▲
2024 · €566
Income taxes
€140▲
2024 · €138
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€89k€80k▼
Fixed assets21/28€919€2k▲
Intangible fixed assets21€285€0▼
Tangible fixed assets22/27€634€2k▲
Plant, machinery and equipment23€634€2k▲
Current assets29/58€88k€78k▼
Stocks and contracts in progress3€543€0▼
Stocks30/36€543€0▼
Amounts receivable within one year40/41€898€2k▲
Trade receivables40€572€1k▲
Other amounts receivable41€326€447▲
Cash at bank and in hand54/58€86k€76k▼
Deferred charges and accrued income490/1€10€15▲
Equity and liabilities
Total equity and liabilities10/49€89k€80k▼
Equity10/15€88k€78k▼
Contributions10/11€12k€12k=
Reserves13€76k€71k▼
Distributable reserves133€76k€71k▼
Profit (loss) carried forward14-€-6k
Amounts payable17/49€566€2k▲
Amounts payable within one year42/48€566€2k▲
Trade debts44€504€2k▲
Suppliers440/4€504€2k▲
Taxes, remuneration and social security45€12€0▼
Taxes450/3€12€0▼
Other amounts payable47/48€50€118▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€733€625▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€-8k€-9k▼
Operating profit (loss)9901€-10k€-11k▼
Financial income75/76B€420€721▲
Recurring financial income75€420€721▲
Financial charges65/66B€134€93▼
Recurring financial charges65€134€93▼
Profit (loss) for the period before taxes9903€-10k€-11k▼
Income taxes67/77€138€140▲
Profit (loss) for the period9904€-10k€-11k▼
Profit (loss) for the period to be appropriated9905€-10k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-11k▼
Transfer from equity791/2€10k€5k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 378.02
Current ratio from 89.84 to 378.02; short-term debt falls from €1k to €279.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 5current ratio 89.84
Current ratio from 17.22 to 89.84; short-term debt falls from €6k to €1k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €12k ▲5318%
Operating result €20k, net result €12k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 7current ratio 425.86
Current ratio from 60.80 to 425.86; short-term debt falls from €2k to €198.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Puurs-Sint-Amands · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Romain Steppestraat 1092890 Puurs-Sint-AmandsGround area
67 m²
Building footprint
64 m²
Volume, LiDAR
341 m³
Parcel 12034A0267/00G002, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FIRST CLASS PROJECTS
since 20072.166.925.164
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12034A0267/00G002 | Flanders | 67 m² | 1 · 64 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 1,108 companies in sector 58110 we hold annual accounts for 361. 265 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-10-2007
Fiscal year end31-12
Activities, NACEBEL
58110Book publishing
58130Publishing activities
58140Publishing activities
58190Other publishing activities, excluding software publishing
59203Motion picture, video and television programme production, sound recording and music publishing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.