First Computer
ActiveSummary
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.
Financials · fiscal year 2024, micro schema
Turnover
€12,965▲ 4,899%
2023 · €259
EBIT margin
-394.4%▲ 4551.2pp
2023 · -4945.5%
Net result
-€51,130▼ 299%
2023 · -€12,829
Working capital
€40,415▲ 361%
2023 · €8,774
Trend over the years
2020 to 2024, 5 fiscal years 2018 to 2024, 7 fiscal years
The operating result stays negative: a loss of €51,130 in 2024 against €12,827 in 2023; the loss grows and 2024 has the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Turnover€0.01m
2024
Operating result-€0.05m
2024
Net result-€0.05m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.7m
2024
Equity€0.005m
2024
Debt€0.6m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.04m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-394.4%
2024
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€259€0.01m▲ 4,899%
Operating result€0.4m--€0.02m-€0.007m▲ 63.7%-€0.007m▲ 8.9%-€0.008m▼ 25.7%-€0.01m▼ 51.7%-€0.05m▼ 299%
Net result€0.3m--€0.02m-€0.004m▲ 74.0%-€0.01m▼ 120%€0.03m-€0.01m-€0.05m▼ 299%
EBIT margin-4945.5%-394.4%▲ 4551.2pp
Equity€0.4m-€0.3m▼ 4.9%€0.3m▼ 1.3%€0.3m▼ 3.0%€0.4m▲ 14.9%€0.4m▼ 0.8%€0.005m▼ 98.6%
Total assets€0.6m-€0.6m▼ 1.3%€0.7m▲ 28.0%€0.7m▼ 0.6%€1.3m▲ 86.1%€1.1m▼ 14.7%€0.7m▼ 41.5%
Debt€0.08m-€0.09m▲ 12.1%€0.3m▲ 180%€0.3m▲ 2.3%€0.9m▲ 238%€0.6m▼ 29.8%€0.6m=
Working capital€0.3m-€0.2m▼ 17.3%-€0.03m-€0.04m▼ 43.6%-€0.04m▼ 3.6%€0.009m€0.04m▲ 361%
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €664,227
Fixed assets
€612,452 ▼ 45.1%
Current assets
€51,775 ▲ 157%
Equity and liabilities €664,227
Equity
€5,110 ▼ 98.6%
Provisions
€47,757 ▼ 69.9%
Debt
€611,359 =
Debt's share of the balance-sheet total rises from 53.8% to 92.0%. Equity is lower.
Key figures and ratios
EBITDA
-€2,536
Cash flow
-€2,536
Current ratio
4.56▲
2023 · 1.77
ROA
-7.7%▼
2023 · -1.1%
Debt ≤ 1 year
€11,359=
2023 · €11,359
Debt > 1 year
€600,000=
2023 · €600,000
A ratio outside any meaningful range has been withheld (balance sheet total €664,227, equity €5,110).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | €259 | €12,965 | ▲ 4,899% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €7,984 | - | €15,501 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | €48,594 | - |
| Other operating charges640/8 | - | - | - | - | €473 | €12,568 | - | - |
| Gross operating margin9900 | €450,312 | -€20,009 | -€6,528 | -€6,729 | -€7,984 | -€259 | -€2,536 | ▼ 878% |
| Operating profit (loss)9901 | €447,905 | -€20,379 | -€7,390 | -€6,729 | -€8,457 | -€12,827 | -€51,130 | ▼ 299% |
| Recurring financial income75 | €2,116 | €3,840 | €3,840 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €3,142 | €3,145 | €1 | - | - |
| Recurring financial charges65 | €26 | €1,003 | €945 | €3,142 | €3,145 | €1 | - | - |
| Profit (loss) for the period before taxes9903 | €449,995 | -€17,542 | -€4,495 | -€9,871 | -€11,601 | -€12,829 | -€51,130 | ▼ 299% |
| Transfer from deferred taxes780 | - | - | - | - | €44,498 | - | - | - |
| Income taxes67/77 | €7,005 | -€279 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €320,392 | -€17,263 | -€4,495 | -€9,871 | €32,896 | -€12,829 | -€51,130 | ▼ 299% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €238,668 | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €23,827 | - | - |
| Profit (loss) for the period to be appropriated9905 | €15,915 | -€17,263 | -€4,495 | -€9,871 | €271,565 | -€36,656 | -€51,130 | ▼ 39.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.6m | €0.6m | €0.7m | €0.7m | €1.3m | €1.1m | €0.7m | ▼ 41.5% |
| Fixed assets21/28 | €0.2m | €0.3m | €0.7m | €0.7m | €1.3m | €1.1m | €0.6m | ▼ 45.1% |
| Intangible fixed assets21 | - | - | - | - | - | €0.6m | - | - |
| Tangible fixed assets22/27 | - | €0.03m | €0.03m | €0.03m | €0.6m | - | €0.3m | - |
| Land and buildings22 | - | - | - | €0.03m | €0.03m | - | - | - |
| Other tangible fixed assets26 | - | - | - | - | €0.6m | - | €0.3m | - |
| Financial fixed assets28 | €0.2m | €0.3m | €0.7m | €0.7m | €0.7m | €0.5m | €0.4m | ▼ 30.0% |
| Current assets29/58 | €0.4m | €0.3m | €0.008m | €0.004m | €0.02m | €0.02m | €0.05m | ▲ 157% |
| Amounts receivable within one year40/41 | €0.3m | €0.003m | €0.003m | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.07m | €0.002m | €0.002m | €331 | €364 | €234 | €0.002m | ▲ 908% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.02m | €0.02m | €0.05m | ▲ 148% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.6m | €0.6m | €0.7m | €0.7m | €1.3m | €1.1m | €0.7m | ▼ 41.5% |
| Equity10/15 | €0.4m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.005m | ▼ 98.6% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Capital10 | - | - | - | - | €0.02m | €0.02m | €0.02m | = |
| Issued capital100 | - | - | - | - | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.09m | €0.1m | €0.09m | ▼ 21.2% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.3m | €0.09m | €0.1m | €0.09m | ▼ 21.5% |
| Profit (loss) carried forward14 | €0.007m | -€0.01m | -€0.02m | -€0.02m | €0.3m | €0.2m | -€0.1m | ▼ 144% |
| Provisions and deferred taxes16 | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | €0.2m | €0.05m | ▼ 69.9% |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | €0.1m | - | - |
| Major repairs and maintenance162 | - | - | - | - | - | €0.1m | - | - |
| Deferred taxes168 | - | - | - | €0.1m | €0.09m | €0.05m | €0.05m | = |
| Amounts payable17/49 | €0.08m | €0.09m | €0.3m | €0.3m | €0.9m | €0.6m | €0.6m | = |
| Amounts payable after more than one year17 | - | €0.06m | €0.2m | €0.2m | €0.8m | €0.6m | €0.6m | = |
| Other amounts payable178/9 | - | - | - | €0.2m | €0.8m | €0.6m | €0.6m | = |
| Amounts payable within one year42/48 | €0.08m | €0.03m | €0.04m | €0.05m | €0.06m | €0.01m | €0.01m | = |
| Trade debts44 | €0.002m | - | €0.002m | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.05m | €0.06m | €0.01m | €0.01m | = |
| Accrued charges and deferred income492/3 | - | - | - | €0.005m | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €320,392 | -€17,263 | -€4,495 | -€9,871 | €32,896 | -€12,829 | -€51,130 | ▼ 299% |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €48,594 | - |
| Operating cash flow (approximation) | €320,392 | -€17,263 | -€4,495 | -€9,871 | €32,896 | -€12,829 | -€2,536 | ▲ 80.2% |
| Investment in fixed assets (approximation) | - | -€92,000 | -€415,780 | €0 | -€600,000 | €195,697 | €454,734 | ▲ 132% |
| Change in cash | - | -€72,500 | -€116 | -€1,265 | €33 | -€130 | €2,125 | ▲ 1,731% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.