Losses
-€4,034 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
FIRST-CONNECT
Lifetime
20 annual accounts with figures on one time axis, 32 filings since 1993peak €473,957 (2011)
-€572▼ €162
lowest -€83,890 (2009)
-€1,394▼ €212
peak €25,818 (2007)
€1,616▼ 46.3%
€1,567▲ 215%
peak 15 FTE (2010)
0 FTE
Board1 name since 2014
1 directorFirst-IT
Owners2 names in the annual accounts
100%First-IT
Documentsfilings and deeds
19-10-202680 days late
2025abbreviated format
Gross margin from -€410 to -€572Loss of €1,394Equity from €3,010 to €1,616Debts from €498 to €1,567
Key points
from the 2025 annual accountsFilings
32 annual accounts 80 days
Latest accounts filed late: after the legal deadline.
At the same address
33 companies
Turnover not published (abbreviated format)
Checked score
80
Excellent
Financially stronger than 33% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,551 companies (NACE 70, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.5%▲ +0.3 percentage points vs 09-2026highest value
11-2026: 0.5%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 80 days late; 3 of the last 3 accounts late
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 2.03, cash €3,183
Size: total assets €3,183
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 70, micro). It does better than 47% of them on solvency, 67% on liquidity, 4% on profitability and 13% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as FIRST-CONNECT has now. Each dot stands for 15 companies, two years later.
84.6%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FIRST-CONNECT itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for FIRST-CONNECT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 80 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-10-2026, 80 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
80 days late
2024
106 days late
2023
64 days late
2022
45 days early
2021
30 days early
2020
15 days early
2019
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 27 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 October (4 of the last 5 accounts filed within 95 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved within Mechelen
New registered office: Antwerpsesteenweg 261 bus 4, 2800 Mechelen · Previous registered office: Motstraat 30, 2800 Mechelen · Board meeting of 25-09-2026 · Gazette deed
Permanent representatives: Sony DANSY and Styn VANHOVE
Board meeting of 10-08-2026 · Gazette deed
Permanent representatives: Michel Schrijvers and Styn Vanhove
General meeting of 27-03-2024 · Gazette deed
Appointment: First-IT (director)
Permanent representative: SCHRIJVERS Michel Yves Florent · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 11-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FIRST-CONNECT Mechelen | €3,183 | -€572 | 50.8% | 0 |
| H.T.C. Lasne | €6,143 | -€9,878 | -2254.9% | 0 |
| ATC AVIATION SERVICES N.V. Machelen (Brab.) | €7,144 | -€11,596 | -11453.0% | 0 |
| De Meersman Antwerp | €3,811 | -€5 | -62.2% | - |
| B.I.S.D. Schoten | €4,238 | -€2,723 | -26739.7% | - |
| W.T.M.B. Antwerp | €3,841 | -€12,964 | -290.7% | - |
| GOOD-DEAL Antwerp | €4,870 | -€22,728 | -1117.6% | - |
These companies have the same main activity as FIRST-CONNECT: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €3,810 and €7,140, founded between 1986 and 2001.
Official details
Source: KBO- Status
- Active since 09-02-1990Normal situation
- Registered office
- 34 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 6 November 2026.
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.048.518.5512800 Mechelen, since 30-06-1994
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Companies linked to FIRST-CONNECT
Parent and group
Insights on FIRST-CONNECT
FIRST-CONNECT files the abbreviated format. That format states no turnover. The gross margin fell from €4,519 in 2006 to -€572 in 2025.
First-IT holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FIRST-CONNECT
- What is the company number of FIRST-CONNECT?
- The company number of FIRST-CONNECT is 0440.210.249. The VAT number is the same number with BE in front: BE 0440.210.249.
- Where is FIRST-CONNECT based?
- The registered office is at Antwerpsesteenweg 261, 2800 Mechelen.Company details
- What does FIRST-CONNECT do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of FIRST-CONNECT?
- FIRST-CONNECT is a private limited company (BV).
- When was FIRST-CONNECT founded?
- FIRST-CONNECT was founded on 09-02-1990.
- Is FIRST-CONNECT still active?
- Yes, FIRST-CONNECT is an active enterprise in the KBO register.
- What is the turnover of FIRST-CONNECT?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is FIRST-CONNECT profitable?
- In financial year 2025, FIRST-CONNECT made a loss of €1,394.
- Where can I find the annual accounts of FIRST-CONNECT?
- FIRST-CONNECT filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FIRST-CONNECT due?
- FIRST-CONNECT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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