First for You
Open bankruptcyA bankruptcy procedure is open for First for You according to publications in the Belgian State Gazette; curator: SOFIE BAUTERS. The 2021 annual accounts show negative equity (€-10k) and a net result of €-35k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 18-08-2022, 18 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
18 d late
2020
23 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€-10k
2020 · €25k
2020: €25k
2020 → 2021
Total assets
€223k▲ 29.4%
2020 · €173k
2020: €173k
2020 → 2021
Net result
€-35k▲ 11.0%
2020 · €-40k
2020: €-40k
2020 → 2021
Working capital
€75k▲ 65.7%
2020 · €45k
2020: €45k
2020 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021Trend
Equity€25k-€-10k
Operating result€-36k-€-32k▲ 11.1%
Net result€-40k-€-35k▲ 11.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €32k in 2021 against €36k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €223k
Fixed assets
€42k▼ 11.6%
Current assets
€181k▲ 45.2%
Key figures and ratios
EBITDA
€-26k▲
2020 · €-31k
Cash flow
€-30k▲
2020 · €-35k
Solvency
-4.4%▼
2020 · 14.7%
Current ratio
1.71▲
2020 · 1.57
Quick ratio
0.14▼
2020 · 0.65
Debt / equity
-23.52▼
2020 · 2.29
ROA
-15.8%▲
2020 · -23.0%
Interest coverage
-7.01
Debt
€233k▲
2020 · €147k
Debt ≤ 1 year
€106k▲
2020 · €79k
Debt > 1 year
€128k▲
2020 · €58k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€173k€223k▲
Fixed assets21/28€48k€42k▼
Intangible fixed assets21€46k€41k▼
Tangible fixed assets22/27€2k€2k▼
Land and buildings22-€1k
Plant, machinery and equipment23-€533
Furniture and vehicles24-€220
Current assets29/58€125k€181k▲
Stocks and contracts in progress3€73k€167k▲
Stocks30/36-€167k
Amounts receivable within one year40/41€5k€4k▼
Trade receivables40-€396
Other amounts receivable41-€4k
Cash at bank and in hand54/58€24k€10k▼
Equity and liabilities
Total equity and liabilities10/49€173k€223k▲
Equity10/15€25k€-10k▼
Contributions10/11-€65k
Profit (loss) carried forward14€-40k€-75k▼
Amounts payable17/49€147k€233k▲
Amounts payable after more than one year17€58k€128k▲
Financial debts170/4-€83k
Other amounts payable178/9-€45k
Amounts payable within one year42/48€79k€106k▲
Current portion of amounts payable after more than one year42-€26k
Financial debts43-€75k
Credit institutions430/8-€75k
Trade debts44€19k-
Taxes, remuneration and social security45-€5k
Taxes450/3-€5k
Remuneration and social security454/9-€520
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8-€240
Gross operating margin9900€-31k€-26k▲
Operating profit (loss)9901€-36k€-32k▲
Financial income75/76B-€453
Recurring financial income75€427€453▲
Financial charges65/66B-€4k
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€-40k€-35k▲
Profit (loss) for the period9904€-40k€-35k▲
Profit (loss) for the period to be appropriated9905€-40k€-35k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-75k
Profit (loss) brought forward from the previous period14P-€-40k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
22-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oudenaarde · FIRST FOR YOU BV BROOD- STRAAT 31, 9700 OUDENAARDE · event 10-11-2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
SignalNBB filing
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oudenaarde · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Broodstraat 319700 OudenaardeGround area
132 m²
Building footprint
132 m²
Volume, LiDAR
972 m³
Parcel 45035B0682/00D000, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
First for You
since 20202.299.801.605
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45035B0682/00D000 | Flanders | 132 m² | 1 · 132 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SOFIE BAUTERS BERCHEMWEG 131, 9700 OUDEN-
AARDE |
10-11-2022 → present |
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Of 2,212 companies in sector 47711 we hold annual accounts for 890. 648 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-02-2020
Fiscal year end31-12
Activities, NACEBEL
47711Retail sale of women's outerwear
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:baeckelant.mario@gmail.com