Skip to content

FIRST CONSTRUCT

Active Private limited companyfounded 2008active for 17 yearsThéodore Verhaegenstraat 196/202, 1060 Sint-Gillis (bij-Brussel)KBO/BCE: BE 0808.222.905
FIRST CONSTRUCT
Financial year 2025
Follow ReportCompare

Annual accounts 2025

micro format, filed on 12-10-2026, 73 days late
€93,804
▼ 24.7%
€67,272
▲ 3.5%
€72,173
▲ 3.6%
€49,802
▲ 0.8%
58.6%
▲ 19.8 percentage points
3.58
▲ 1.62

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €470,000. Estimated: probably between €360,000 and €970,000.

Money flows

no detail for 2025

Balance sheet

balance sheet total €418,883 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

58.6%

Higher than 63% of 35,136 companies in 2025.

3.58

Higher than 77% of 34,510 companies in 2025.

10.7%

Higher than 60% of 34,711 companies in 2025.

FIRST CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010
Balance sheet: assets
20/58 418,883517,154273,219402,122240,584184,969161,742229,821323,211185,155222,131406,359265,35697,259142,26050,572
21/28 10,22215,12319,80426,04917,82132,74137,72753,20364,70211,78314,38325,90440,70930,5288,397-
22/27 6,94911,85016,53125,40117,17332,09337,07952,55564,05411,13414,38325,90440,70930,5288,397-
23 3,3004,8035,9037,1251,6252,6453,8665,100---1,9724,5566,1546,971-
24 3,6497,04710,62818,2768,87016,42420,52021,73831,45711,13414,38323,93236,15324,3751,426-
25 ----6,678-----------
28 3,2733,2733,273648648648648648648648------
29/58 408,661502,031253,415376,073222,763152,228124,015176,618258,509173,373207,748380,455224,64766,731133,86450,572
40/41 246,295387,536168,199284,971167,261116,24980,764137,485167,21096,319152,222350,188184,95913,36261,48827,829
40 193,850364,290145,350268,125149,98297,67272,448107,348149,13966,641108,589331,617133,598-32,49827,433
41 52,44523,24622,84916,84617,27918,5778,31630,13718,07129,67743,63218,57151,36113,36228,990396
50/53 -------------51,471--
54/58 157,753106,73672,26271,66454,15632,65441,59537,68390,75474,37954,22425,84036,389-72,37622,743
490/1 4,6137,75912,95419,4381,3463,3251,6561,4505462,6751,3024,4273,2991,899--
Balance sheet: equity and liabilities
10/49 418,883517,154273,219402,122240,584184,969161,742229,821323,211185,155222,131406,359265,35697,259142,26050,572
10/15 245,344200,443155,699174,370138,790107,037112,363145,854141,589110,08496,723104,96883,68959,18345,76423,022
10/11 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 ------12,40012,40012,40012,40012,40012,40012,40012,40012,40012,400
13 1,9781,9781,9781,9781,9781,9781,9781,9781,9781,9781,9781,9781,9781,9781,860841
130/1 1,9781,9781,9781,9781,9781,978----------
130 ------1,9781,9781,9781,9781,9781,9781,9781,9781,860841
1311 1,9781,9781,9781,9781,9781,978----------
14 237,166192,265147,521166,192130,61298,859104,185137,676133,411101,90688,54596,78975,51051,00537,70415,981
16 59,35059,35038,550-------------
160/5 59,35059,35038,550-------------
163 59,35059,350--------------
164/5 --38,550-------------
17/49 114,189257,36178,970227,752101,79477,93249,37983,967181,62375,071125,408301,391181,66738,07696,49627,550
17 -5483,7455,9353,94612,35825,92437,96749,7129949,31517,52512,045---
170/4 -5483,7455,9353,94612,35825,92437,96749,7129949,31517,52512,045---
42/48 114,189256,81375,225221,81797,84865,57423,45546,000129,75774,077116,093283,640169,58238,07696,49627,550
42 -3,1973,0453,8089,94413,21312,04412,10016,5528,3218,2087,7945,752---
43 --------------1-
430/8 --------------1-
44 88,822210,93453,924189,95869,29140,77510,57817,477113,20549,856107,885253,266149,4198,50060,8997,881
440/4 88,822210,93453,924189,95869,29140,77510,57817,477113,20549,856107,885253,266149,4198,50060,8997,881
46 2,2402,240-----------8,971--
45 23,12739,56617,38027,89818,61311,58683316,335---13,75214,412-18,9451,707
450/3 23,12739,55016,74227,89811,32311,586-8,094---13,75214,412-3,3611,707
454/9 -16638-7,290-8338,241------15,584-
47/48 -876876153---88-15,900-8,828-20,60516,65117,962
492/3 --------2,154--22740---
Income statement
70 --------------380,648103,143
9900 93,804124,603122,52181,65764,14916,6824,41254,75068,20034,6559,47849,89864,56738,78751,30130,390
60/61 --------------329,34772,753
62 14,63014,27714,2039,720-3,0914,13214,758----9,498---
630 4,9014,6818,87013,98916,95915,76616,48416,59917,37012,69911,52115,90314,4119,5771,329-
635/8 -20,80038,550-------------
640/8 7,00119,83647,5255,7343,4592,6082,4652,9003,5976421,2871,6302,4301,73027,19913,563
66A --------------31-
9901 67,27265,00913,37352,21443,731-4,783-18,66920,49347,23321,314-3,33032,36538,22827,48022,77416,827
75/76B -----51-8,0001,6703126341,37374--
75 -----51-8,0001,6703126341,37374--
65/66B 4891,0271,1877414525949741,9536931,8611,1991,64874768-5
65 4891,0271,1874684525949741,9536931,8611,1991,64874768-5
66B ---273------------
9903 66,78363,98212,18651,47343,279-5,326-19,64326,54048,21019,484-4,50430,75138,85427,48622,74316,822
67/77 21,88219,23830,85715,89311,526-13,8487,85116,7056,1233,7419,47214,34814,068--
9904 44,90144,744-18,67135,58031,753-5,326-33,49118,68931,50513,361-8,24421,27924,50613,41822,74316,822
9905 44,90144,744-18,67135,58031,753-5,326-33,49118,68931,50513,361-8,24421,27924,50613,41822,74316,822
Appropriation of the result
9906 237,166192,265147,521166,192130,61298,859104,185137,676133,411101,90688,54596,78975,51051,00538,72316,822
14P 192,265147,521166,192130,61298,859-----------
691/2 --------------1,019841
6920 --------------1,019841
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 12-10-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 73 days after the deadline. Filed on 12 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00558140.

Financial year Type Filed Reference Document
31-12-2025 micro format 12-10-2026 2026-00558140 PDF
31-12-2024 micro format 30-09-2025 2025-00532476 PDF
31-12-2023 micro format 07-10-2024 2024-00507115 PDF
31-12-2022 micro format 09-10-2023 2023-00485908 PDF
31-12-2021 micro format 29-12-2022 2023-20550969 PDF
31-12-2020 micro format 08-11-2021 2021-77200157 PDF
31-12-2019 micro format 15-12-2020 2020-76200517 PDF
31-12-2018 micro format 31-07-2019 2019-42900398 PDF
31-12-2017 micro format 20-10-2018 2018-70000527 PDF
31-12-2016 full format 28-09-2017 2017-64600526 PDF
31-12-2015 full format 01-11-2016 2016-67500280 PDF
31-12-2014 full format 17-01-2017 2017-01900239 PDF
31-12-2013 full format 27-10-2014 2014-66200095 PDF
31-12-2012 full format 26-11-2013 2013-67100065 PDF
31-12-2011 full format 08-10-2012 2012-60800352 PDF
31-12-2010 full format 16-03-2012 2012-06400223 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010
72,17369,69022,24366,20360,69010,983-2,18537,09264,60334,0128,19148,26952,63837,05724,102-
49,80249,425-9,80149,56948,71210,440-17,00735,28848,87526,0593,27737,18238,91722,99524,072-
002,62522,4902,03910,7801,0085,10069,1779,45001,09824,59131,7089,726-
51,01734,47459817,50821,502-8,9413,912-53,07116,37420,15528,384-10,549--49,633-
294,472245,218178,190154,256124,91586,654100,560130,618128,75299,29691,65596,81555,06528,65537,36823,022
--------------6.0%16.3%
58.6%38.8%57.0%43.4%57.7%57.9%69.5%63.5%43.8%59.5%43.5%25.8%31.5%60.9%32.2%45.5%
3.581.953.371.702.282.325.293.841.992.341.791.341.321.751.391.84
0.471.280.511.310.730.730.440.581.280.681.302.872.170.642.111.20
18.3%22.3%-12.0%20.4%22.9%-5.0%-29.8%12.8%22.3%12.1%-8.5%20.3%29.3%22.7%49.7%73.1%
10.7%8.7%-6.8%8.8%13.2%-2.9%-20.7%8.1%9.7%7.2%-3.7%5.2%9.2%13.8%16.0%33.3%
over 10067.8618.74over 100over 100-----------
--------------31 days97 days
--------------67 days40 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets---€22,490€2,039
Financial fixed assets--€2,625--
€4,901€4,681€8,870€13,989€16,959

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on FIRST CONSTRUCT

The operating result for 2025 is 3% higher than in 2024 and the highest since 2010. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total falls from 49.8% to 27.3%. Equity is higher and debt is lower.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

We would like to set cookies. That happens only with your consent. What we measure