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First Computer

Active
Private limited company (pre-2019)founded 199035 years activeZeedijk 93A, 8400 Oostende, BelgiumKBO/BCE: BE 0442.374.933
Summary

The computed 12-month bankruptcy probability of First Computer is 2.7% (moderate). The 2024 annual accounts show equity of €5,110 and a net result of -€51,130. Equity remains stable across the filed fiscal years (±2.2% per year). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Activity not known1 site
Size
€12,965turnover 2024
Equity
€5,110
Loss
-€51,130
Financial health
50 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.7%
Structure
Holdings
3
Accounts 69 days overdue0 of 1 deed read
Why 50- Figures for FY 2024 (filed 05-08-2025)- Loss of €51,130, the second in a row (FY 2024)- Liquidity: current ratio 4.56, cash €2,359+ Size: turnover €12,965, total assets €664,227Show the evidence

Checked score

Score 2024
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 30% of its sector peers (no NACE code, micro)
Financial strength · tick = 2023
Weak
Solvency 26-31
equity 0.8% of total assets
Liquidity 50=
short-term debt 1.7% · cash 0.4%
Profitability 9-26
return on assets -7.7%
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.4%lowest value 12-2024: 0.4%● unchanged vs 11-2024lowest value 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.9%▲ +0.4 percentage points vs 07-2025 09-2025: 0.6%▼ -0.3 percentage points vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 1.3%▲ +0.7 percentage points vs 07-2026 09-2026: 1.6%▲ +0.3 percentage points vs 08-2026 10-2026: 2.7%▲ +1.1 percentage points vs 09-2026highest value
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 16% on solvency, 41% on liquidity, 11% on profitability and 51% on growth.

The bankruptcy probability was computed on 07-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 05-08-2025)
NBB · annual accounts
lowers risk · Size: turnover €12,965, total assets €664,227
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €51,130, the second in a row (FY 2024)
NBB · annual accounts
raises risk · Liquidity: current ratio 4.56, cash €2,359
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€51,130
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-08-2025, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
5 days late
2023
59 days early
2022
1 day early
2021
29 days late
2020
31 days late
2019
90 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 16 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Weakest financial yearnet -€51,130
  3. Liquidity triplescurrent ratio 4.56

Key points

  • Caution: Equity fell in 2024from €366,079 to €5,110 ▼ 98.6% View
  • Caution: Accounts not fileddeadline was 31-07-2026 69 days late View
  • Caution: 2 loss-making years in a rowloss fiscal year 2024 -€51,130 View

By topic

Financials

Fiscal year
2024
Turnover
€12,965
Loss
-€51,130
Solvency
0.8%
Turnover▲ 4,899%
Net result
20232024
Go to Financials

Timeline

Events
14
Since
2016
  1. 02-06-2024Annual accounts filed
  2. 31-12-2023Liquidity times 6
  3. 30-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Founded
27-12-1990
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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