First Construct
Annual accounts 2025
micro format, filed on 30-07-2026, 1 day before the deadline€0
▼ 100%
-€865
▼ €725
-€919
▼ €604
€87,776
▼ 1.0%
99.6%
▲ 0.1 percentage points
-
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €88,086 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
99.6%
Higher than 95% of 37,177 companies in 2025.
-
Higher than 89% of 32,722 companies in 2023.
-1.0%
Higher than 22% of 36,707 companies in 2025.
First Construct
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
88,086 | 89,061 | 107,783 | 142,984 | 286,634 | 791,077 | 1.0m | 1.2m | 675,751 | 241,373 | 300,331 | 222,714 | 362,283 | |
21/28 |
- | - | - | - | - | - | - | 70 | 128 | - | - | 1,281 | 1,777 | |
22/27 |
- | - | - | - | - | - | - | - | - | - | - | 1,281 | 1,777 | |
24 |
- | - | - | - | - | - | - | - | - | - | - | 1,281 | 1,777 | |
28 |
- | - | - | - | - | - | - | 70 | 128 | - | - | - | - | |
29/58 |
88,086 | 89,061 | 107,783 | 142,984 | 286,634 | 791,077 | 1.0m | 1.2m | 675,622 | 241,373 | 300,331 | 221,433 | 360,506 | |
3 |
- | - | - | - | 262,648 | 790,388 | 1.0m | 1.2m | 656,320 | 202,177 | 276,441 | 128,723 | 353,024 | |
30/36 |
- | - | - | - | 262,648 | 790,388 | 1.0m | 1.2m | 656,320 | 202,177 | 276,441 | 128,723 | 353,024 | |
40/41 |
88,086 | 89,046 | 100,107 | 70 | 3,618 | 640 | 1,933 | 4,812 | 11,387 | - | 21,979 | - | 1,508 | |
40 |
- | - | - | - | - | - | - | - | - | - | 21,222 | - | - | |
41 |
88,086 | 89,046 | 100,107 | 70 | 3,618 | 640 | 1,933 | 4,812 | 11,387 | - | 757 | - | 1,508 | |
54/58 |
0 | 15 | 7,675 | 142,914 | 20,368 | 50 | 9,563 | 311 | 7,916 | 39,196 | 1,911 | 92,711 | 5,768 | |
490/1 |
- | - | - | - | - | - | - | 5,032 | - | - | - | - | 206 | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
88,086 | 89,061 | 107,783 | 142,984 | 286,634 | 791,077 | 1.0m | 1.2m | 675,751 | 241,373 | 300,331 | 222,714 | 362,283 | |
10/15 |
87,776 | 88,696 | 89,011 | 94,298 | 58,090 | -1,326 | -9,432 | -10,356 | 4,310 | 13,319 | 24,261 | 40,736 | -6,893 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
82,860 | 82,860 | 82,860 | 82,860 | 46,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
133 |
81,000 | 81,000 | 81,000 | 81,000 | 45,000 | - | - | - | - | - | - | - | - | |
14 |
-1,284 | -364 | -49 | 5,238 | 5,030 | -9,386 | -17,492 | -18,416 | -3,750 | 5,259 | 16,201 | 32,676 | -13,093 | |
17/49 |
310 | 366 | 18,772 | 48,687 | 228,545 | 792,403 | 1.0m | 1.2m | 671,441 | 228,054 | 276,070 | 181,978 | 369,177 | |
42/48 |
310 | 366 | 18,772 | 48,687 | 228,545 | 792,403 | 1.0m | 1.2m | 670,655 | 228,054 | 276,070 | 181,978 | 369,177 | |
42 |
7 | - | - | - | - | - | - | - | - | - | - | - | - | |
43 |
- | - | - | - | - | 198,100 | 448,300 | 648,500 | 298,500 | 136,500 | 136,500 | - | 275,000 | |
430/8 |
- | - | - | - | - | 198,100 | 448,300 | 648,500 | 298,500 | 136,500 | 136,500 | - | 275,000 | |
44 |
303 | 303 | 666 | - | - | 3,147 | - | 1,034 | 13,585 | 3,055 | - | 466 | 2,147 | |
440/4 |
303 | 303 | 666 | - | - | 3,147 | - | 1,034 | 13,585 | 3,055 | - | 466 | 2,147 | |
45 |
0 | 63 | 18,107 | 35,056 | 34,889 | - | - | - | - | 22,929 | - | 63,607 | - | |
450/3 |
0 | 63 | 18,107 | 35,056 | 34,889 | - | - | - | - | 22,929 | - | 63,607 | - | |
47/48 |
- | - | 0 | 13,630 | 193,656 | 591,156 | 574,356 | 548,570 | 358,570 | 65,570 | 139,570 | 117,905 | 92,030 | |
492/3 |
- | - | - | - | - | - | - | - | 785 | - | - | - | - | |
| Income statement | ||||||||||||||
9900 |
0 | 300 | -5,102 | 54,579 | 93,313 | 25,015 | 21,176 | -6,005 | -3,597 | -6,413 | -2,311 | 57,926 | -4,833 | |
630 |
- | - | - | - | - | - | - | - | - | - | - | 496 | 702 | |
640/8 |
865 | 441 | 132 | 1,290 | 3,030 | 1,287 | 780 | 778 | 775 | 1,074 | 772 | 918 | 851 | |
66A |
- | - | - | - | - | - | - | - | - | - | 446 | - | - | |
9901 |
-865 | -141 | -5,233 | 53,290 | 90,284 | 23,728 | 20,396 | -6,783 | -4,372 | -7,486 | -3,083 | 56,512 | -6,387 | |
75/76B |
- | - | 0 | 1,753 | - | - | 4 | 3,056 | 1,608 | - | 75 | 39 | 382 | |
75 |
- | - | 0 | 1,753 | - | - | 4 | 3,056 | 1,608 | - | 75 | 39 | 382 | |
65/66B |
54 | 54 | 54 | 743 | 13,919 | 15,621 | 19,476 | 10,940 | 6,244 | 3,456 | 1,066 | 8,921 | 7,088 | |
65 |
54 | 54 | 54 | 743 | 13,919 | 15,621 | 19,476 | 10,940 | 6,244 | 3,456 | 1,066 | 8,921 | 7,088 | |
9903 |
-919 | -195 | -5,287 | 54,299 | 76,365 | 8,107 | 924 | -14,666 | -9,009 | -10,943 | -4,520 | 47,630 | -13,092 | |
67/77 |
0 | 121 | 0 | 18,091 | 16,950 | - | - | - | - | - | 11,955 | - | 1 | |
9904 |
-919 | -315 | -5,287 | 36,208 | 59,415 | 8,107 | 924 | -14,666 | -9,009 | -10,943 | -16,475 | 47,630 | -13,093 | |
9905 |
-919 | -315 | -5,287 | 36,208 | 59,415 | 8,107 | 924 | -14,666 | -9,009 | -10,943 | -16,475 | 47,630 | -13,093 | |
| Appropriation of the result | ||||||||||||||
9906 |
-1,284 | -364 | -49 | 41,238 | 50,030 | -9,386 | -17,492 | -18,416 | -3,750 | 5,259 | 16,201 | 34,536 | -13,093 | |
14P |
-364 | -49 | 5,238 | 5,030 | -9,386 | - | - | - | - | - | - | - | - | |
691/2 |
- | - | 0 | 36,000 | 45,000 | - | - | - | - | - | - | 1,860 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | - | |
6921 |
- | - | 0 | 36,000 | 45,000 | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||
The notes to these accounts have 5 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 30-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00358489 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00338336 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00311031 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00297001 | |
| 31-12-2021 | micro format | 20-07-2022 | 2022-20205395 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-57300493 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66000088 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-60100305 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-60600353 | |
| 31-12-2016 | micro format | 31-07-2017 | 2017-39400555 | |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-54500594 | |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-55800124 | |
| 31-12-2013 | abbreviated format | 31-07-2014 | 2014-38600324 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - | - | - | 57,008 | -5,684 | ||
| - | - | - | - | - | - | - | - | - | - | - | 48,126 | -12,391 | ||
| 0 | - | - | - | - | - | - | - | 128 | - | - | 0 | 2,479 | ||
| -15 | -7,661 | -135,239 | 122,546 | 20,319 | -9,513 | 9,252 | -7,605 | -31,280 | 37,285 | -90,800 | 86,942 | - | ||
| 87,776 | 88,696 | 89,011 | 94,298 | 58,090 | -1,326 | -9,432 | -10,426 | 4,967 | 13,319 | 24,261 | 39,455 | -8,670 | ||
| 99.6% | 99.6% | 82.6% | 65.9% | 20.3% | -0.2% | -0.9% | -0.9% | 0.6% | 5.5% | 8.1% | 18.3% | -1.9% | ||
| - | - | 5.74 | 2.94 | 1.25 | 1.00 | 0.99 | 0.99 | 1.01 | 1.06 | 1.09 | 1.22 | 0.98 | ||
| - | - | 5.74 | 2.94 | 0.10 | 0.00 | 0.01 | 0.01 | 0.03 | 0.17 | 0.09 | 0.51 | 0.02 | ||
| 0.00 | 0.00 | 0.21 | 0.52 | 3.93 | - | - | - | - | 17.12 | 11.38 | 4.47 | - | ||
| -1.0% | -0.4% | -5.9% | 38.4% | 102.3% | - | - | - | -209.0% | -82.2% | -67.9% | 116.9% | - | ||
| -1.0% | -0.4% | -4.9% | 25.3% | 20.7% | 1.0% | 0.1% | -1.2% | -1.3% | -4.5% | -5.5% | 21.4% | -3.6% |
A ratio outside any meaningful range has been withheld (balance sheet total €88,086, equity €87,776).
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| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | €0 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on First Construct
The operating result for 2025 is a loss of €865, larger than the loss of €141 in 2024.
Debt's share of the balance-sheet total falls from 0.4% to 0.4%. Equity and debt are lower.