First in Line
ActiveFirst in Line has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €123k and a net result of €-6k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 48% of 313 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency32▲+2
Growth52=
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.17 in 2024), and 78.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-03-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 d early
2024
27 d early
2023
26 d early
2022
45 d early
2021
36 d early
2020
50 d early
2019
49 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€123k▼ 4.9%
2024 · €129k
2018: €118k
2019: €118k
2020: €46k
2021: €72k
2022: €194k
2023: €93k
2024: €129k
2018 → 2025
Total assets
€566k▼ 10.1%
2024 · €629k
2018: €1.67M
2019: €530k
2020: €222k
2021: €453k
2022: €582k
2023: €629k
2024: €629k
2018 → 2025
Net result
€-6k
2024 · €37k
2018: €208k
2019: €40k
2020: €-72k
2021: €26k
2022: €122k
2023: €98k
2024: €37k
2018 → 2025
Working capital
€58k▼ 28.9%
2024 · €82k
2018: €114k
2019: €115k
2020: €41k
2021: €68k
2022: €178k
2023: €57k
2024: €82k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€194k▲ 170%€93k▼ 52.4%€129k▲ 39.8%€123k▼ 4.9%
Operating result€5k-€135k▲ 2,601%€136k▲ 0.8%€59k▼ 56.8%€4k▼ 92.9%
Net result€26k-€122k▲ 368%€98k▼ 19.7%€37k▼ 62.5%€-6k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 93% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €566k
Fixed assets
€68k▲ 21.5%
Current assets
€498k▼ 13.2%
Equity and liabilities €566k
Equity
€123k▼ 4.9%
Debt
€443k▼ 11.4%
The debt ratio falls from 79.4% to 78.3%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€33k▼
2024 · €78k
Cash flow
€23k▼
2024 · €56k
Solvency
21.7%▲
2024 · 20.6%
Current ratio
1.13▼
2024 · 1.17
Quick ratio
1.13▼
2024 · 1.17
Debt / equity
3.60▼
2024 · 3.87
ROE
-5.2%▼
2024 · 28.4%
ROA
-1.1%▼
2024 · 5.8%
Interest coverage
3.95▼
2024 · 14.09
Debt
€443k▼
2024 · €500k
Debt ≤ 1 year
€440k▼
2024 · €492k
Debt > 1 year
€3k▼
2024 · €8k
Income taxes
€2k▼
2024 · €17k
Staff costs
€129k▲
2024 · €111k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€629k€566k▼
Fixed assets21/28€56k€68k▲
Intangible fixed assets21€17k€13k▼
Tangible fixed assets22/27€38k€55k▲
Plant, machinery and equipment23€11k€6k▼
Furniture and vehicles24€28k€49k▲
Current assets29/58€574k€498k▼
Amounts receivable within one year40/41€569k€441k▼
Trade receivables40€519k€415k▼
Other amounts receivable41€51k€26k▼
Cash at bank and in hand54/58€157€53k▲
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€629k€566k▼
Equity10/15€129k€123k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€109k€103k▼
Amounts payable17/49€500k€443k▼
Amounts payable after more than one year17€8k€3k▼
Financial debts170/4€8k€3k▼
Amounts payable within one year42/48€492k€440k▼
Current portion of amounts payable after more than one year42€7k€5k▼
Financial debts43€47k€15k▼
Credit institutions430/8€47k€15k▼
Trade debts44€151k€229k▲
Suppliers440/4€151k€229k▲
Taxes, remuneration and social security45€15k€15k▼
Remuneration and social security454/9€15k€15k▼
Other amounts payable47/48€271k€176k▼
Income statement
Code20242025
Remuneration, social security and pensions62€111k€129k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€29k▲
Other operating charges640/8€288€207▼
Gross operating margin9900€189k€162k▼
Operating profit (loss)9901€59k€4k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€6k€8k▲
Recurring financial charges65€6k€8k▲
Profit (loss) for the period before taxes9903€53k€-4k▼
Income taxes67/77€17k€2k▼
Profit (loss) for the period9904€37k€-6k▼
Profit (loss) for the period to be appropriated9905€37k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€109k€103k▼
Profit (loss) brought forward from the previous period14P€72k€109k▲
Social balance
Average headcount (FTE)90872.42.3▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Equity above €100kEq €129k ▲39.8%
4 profitable years in a row build equity to €129k.
04-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Equity above €150kEq €194k ▲170%
2 profitable years in a row build equity to €194k.
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
11-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €-72k ▼282%
Net result drops to €-72k, the lowest in the series; recovery starts the following year.
12-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
07-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are 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, Gent · 1 establishment unit since 2004
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.
Blazoenstraat 349000 GentGround area
119 m²
Building footprint
85 m²
Volume, LiDAR
499 m³
Parcel 44816K0555/00B002, Flanders · tallest building 10.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TEVENT
since 20042.134.767.981
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0555/00B002indicative | Flanders | 119 m² | 1 · 85 m² | 10.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 9,545 EUR awarded · 11,795 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,842 EUR | 1,842 EUR |
| 2023 | 1 | 7,500 EUR | 9,750 EUR |
| 2022 | 1 | 203 EUR | 203 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.134.767.981
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Of 7,476 companies in sector 56210 we hold annual accounts for 2,426. 1,914 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-12-2003
Fiscal year end30-09
Activities, NACEBEL
56210Event catering
78100Employment placement agencies
55522
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.