Overdue debts
€47,913 on 31-12-2025
The annual accounts state €47,913 of overdue tax debts on 31-12-2025.
First-IT
Lifetime
20 annual accounts with figures on one time axis, 23 filings since 2003peak €3.2m (2015)
€1.4m▼ 28.6%
lowest -€648,535 (2019)
€116,253▲ 452%
peak €270,321 (2018)
-€666,566▲ €116,253
€2.6m▲ 10.8%
peak 101.8 FTE (2018)
17.9 FTE▼ 37.4%
Board5 names since 2015
3 directorsInvestLink and 2 others
Owners4 names in the annual accounts
51%Titane Holding and 2 others
Documentsfilings and deeds
23-07-20268 days before the deadline
2025financial year
Turnover from €5.0m to €4.1mGross margin from €2.0m to €1.4mResult from €21,060 to €116,253Staff from 28.6 FTE to 17.9 FTEResignation: Serge Lens BV (director) 03-10Equity from -€782,819 to -€666,566
Key points
from the 2025 annual accountsEquity
-€666,566
Debts exceed assets in financial year 2025.
Result
€116,253 ▲ 452%
The result rose in 2025 from €21,060 to €116,253.
Debts
€2.6m 133% of the balance sheet
Financial debts 32%Suppliers 53%Taxes and wages 14%
Of this, €2.2m falls due within a year.
Staff
17.9 FTE from 101.8 in 2018
Between 2018 and 2025, 82% of the full-time equivalents disappeared.
Payment terms
183 days to suppliers
First-IT pays its suppliers 47 days later than in 2024. Customers pay 15 days later.
Checked score
54
Fair
Financially stronger than 30% of small companies in employment activities (NACE 78)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 195 companies (NACE 78, small).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.7%highest value
01-2025: 3.7%● unchanged vs 12-2024highest value
02-2025: 3.7%● unchanged vs 01-2025highest value
03-2025: 3.6%▼ -0.1 percentage points vs 02-2025
04-2025: 3.6%● unchanged vs 03-2025
05-2025: 3.5%▼ -0.1 percentage points vs 04-2025
06-2025: 3.3%▼ -0.2 percentage points vs 05-2025
07-2025: 3.5%▲ +0.2 percentage points vs 06-2025
08-2025: 2.1%▼ -1.4 percentage points vs 07-2025
09-2025: 2.1%● unchanged vs 08-2025
10-2025: 2.1%● unchanged vs 09-2025
11-2025: 2.1%● unchanged vs 10-2025
12-2025: 2.1%● unchanged vs 11-2025
01-2026: 2.1%● unchanged vs 12-2025
02-2026: 2.1%● unchanged vs 01-2026
03-2026: 2.1%● unchanged vs 02-2026
04-2026: 2.1%● unchanged vs 03-2026
05-2026: 1.6%▼ -0.5 percentage points vs 04-2026
06-2026: 1.5%▼ -0.1 percentage points vs 05-2026
07-2026: 1.6%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▼ -0.9 percentage points vs 07-2026lowest value
09-2026: 0.7%● unchanged vs 08-2026lowest value
10-2026: 0.7%● unchanged vs 09-2026lowest value
11-2026: 0.7%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€666,566
lowers risk
Founded in 2003
Profit of €116,253 (financial year 2025)
Legal form: public limited company
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 78, small). It does better than 5% of them on solvency, 10% on liquidity, 54% on profitability and 51% 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 low class on 30-06-2025, 0.8% 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, 317 companies had the same profile as First-IT has now. Each dot is one company, two years later.
91.8%
were still trading
4.1%
stopped another way
1.6%
went bankrupt
Another 2.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of First-IT itself: 0.7% 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 317 companies, not a prediction for First-IT. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.72 (0.55 in 2024), below 1. Short-term debt is 109.3% and cash 12.5% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 315 sector peers (2025).
NBB · sector comparisonPosition among 315 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 days early
2024
2 days early
2023
5 days late
2022
45 days early
2021
27 days early
2020
19 days early
2019
62 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 5 days before the deadline. In the sector (NACE 78), the median for financial year 2024 was 14 days before the deadline, and 30% 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 23 July (4 of the last 5 accounts filed within 30 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
Board and ownership
- Titane Holding 51%equity -€625,126 (2025) · 2025 annual accounts of Titane Holding
- CONTENT-IT 31.27%equity €113,301 (2025) · 2023 annual accounts of CONTENT-IT
- InvestLink 17.73%equity €15.1m (2025) · 2025 annual accounts of InvestLink
Shares in 1 company, FIRST-CONNECT
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0860407321
Permanent representatives: Styn VANHOVE and Sony DANSY
Director discharge: Styn VANHOVE · Board meeting of 10-08-2026 · Gazette deed
Resignation: Serge Lens BV (director)
Permanent representative: LENS Serge · Director discharge: Serge Lens BV · General meeting of 25-06-2025 · Gazette deed
Registered office moved within Mechelen
New registered office: Antwerpsesteenweg 261/4, 2800 Mechelen · Previous registered office: Motstraat 30, 2800 Mechelen · Resignation: CONTENT-IT BV (director) · General meeting of 27-03-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| First-IT Mechelen | €4.1m | 3.5% | -33.8% | 17.9 |
| MERVEILLE PLUS INTERIM Chièvres | - | - | 22.5% | 16.3 |
| Winsearch Fexhe-le-Haut-Clocher | - | - | 75.7% | 18.1 |
| REAL INTERIM Veurne | - | - | 57.7% | 13 |
| Planet Group Interim & Recruitment Ghent | - | - | 25.9% | 37.1 |
| COSEP Mont-Saint-Guibert | - | - | 58.1% | 23.3 |
| ERGOFLEX Mechelen | €4.5m | 7.3% | 77.9% | 48.4 |
Grey: the largest companies of the sector (employment activities (NACE 78)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as First-IT: temporary employment agencies and other provision of personnel (NACE 78200). They are comparable in size and age: total assets between €2m and €3.6m, founded between 1998 and 2010.
Official details
Source: KBO- Status
- Active since 09-09-2003Normal 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
- Temporary employment agencies and other provision of personnelNACE 78200and 5 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2022
- Establishment unit
- 2.133.465.3122800 Mechelen, since 09-09-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €2.0m▲ 23.4%
- Employeeson 31-12-2025
- 17▼ 26.1%
- Filing
- Filed on 23-07-2026, 8 days before the end of the filing period
Insights on First-IT
First-IT has existed since 2003. In 2008 the gross margin rose from €66,385 to €213,574 and staff from 1.3 to 5.6 full-time equivalents.
Solvency rose in 2025 from -49.0% to -33.8% because of the retained profit.
Titane Holding holds 51% of the shares. In September 2023, the Official Gazette published the appointment of Titane Holding as managing director.
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-IT
- What is the company number of First-IT?
- The company number of First-IT is 0860.407.321. The VAT number is the same number with BE in front: BE 0860.407.321.
- Where is First-IT based?
- The registered office is at Antwerpsesteenweg 261, 2800 Mechelen.Company details
- What does First-IT do?
- According to the KBO register, the main activity is temporary employment agencies and other provision of personnel (NACE 78200).
- What is the legal form of First-IT?
- First-IT is a public limited company (NV).
- When was First-IT founded?
- First-IT was founded on 09-09-2003.
- Is First-IT still active?
- Yes, First-IT is an active enterprise in the KBO register.
- How many employees does First-IT have?
- First-IT had an average of 17.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does First-IT fall under?
- In its 2022 annual accounts, First-IT states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of First-IT?
- The turnover of First-IT was €4.1m in financial year 2025, according to the filed annual accounts.
- Is First-IT profitable?
- In financial year 2025, First-IT made a profit of €116,253.
- Where can I find the annual accounts of First-IT?
- First-IT filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of First-IT due?
- First-IT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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