FIRST LINE CONSULTING
ActiveFIRST LINE CONSULTING has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €476k and a net result of €60k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 62% of 14038 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+5
Solvency70▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.15 against 0.11 in 2024; short-term debt: 32.7% and cash: 2.5% of total assets), and 55.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.9%
Return on assets
5.7%
Age of the figures
9 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
38 d early
2023
30 d late
2022
45 d early
2021
15 d early
2020
33 d early
2019
5 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€476k▲ 7.3%
2024 · €444k
2018: €428k
2019: €456k
2020: €520k
2021: €519k
2022: €434k
2023: €472k
2024: €444k
2018 → 2025
Total assets
€1.06M▼ 8.6%
2024 · €1.16M
2018: €559k
2019: €832k
2020: €1.08M
2021: €1.30M
2022: €1.21M
2023: €1.21M
2024: €1.16M
2018 → 2025
Net result
€60k▲ 17.0%
2024 · €51k
2018: €80k
2019: €28k
2020: €64k
2021: €-1k
2022: €15k
2023: €81k
2024: €51k
2018 → 2025
Working capital
€-294k▲ 12.9%
2024 · €-337k
2018: €108k
2019: €52k
2020: €-106k
2021: €-168k
2022: €-284k
2023: €-293k
2024: €-337k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€519k-€434k▼ 16.4%€472k▲ 8.8%€444k▼ 5.8%€476k▲ 7.3%
Operating result€20k-€35k▲ 73.5%€94k▲ 167%€98k▲ 4.1%€104k▲ 6.3%
Net result€-1k-€15k€81k▲ 447%€51k▼ 36.5%€60k▲ 17.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.06M
Fixed assets
€1.01M▼ 10.1%
Current assets
€53k▲ 34.3%
Equity and liabilities €1.06M
Equity
€476k▲ 7.3%
Provisions
€42k▲ 23.8%
Debt
€543k▼ 20.5%
The debt ratio falls from 58.8% to 51.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€154k▲
2024 · €146k
Cash flow
€111k▲
2024 · €100k
Solvency
44.9%▲
2024 · 38.2%
Current ratio
0.15▲
2024 · 0.11
Quick ratio
0.15▲
2024 · 0.11
Debt / equity
1.14▼
2024 · 1.54
ROE
12.6%▲
2024 · 11.6%
ROA
5.7%▲
2024 · 4.4%
Interest coverage
6.22▲
2024 · 5.66
Debt
€543k▼
2024 · €683k
Debt ≤ 1 year
€347k▼
2024 · €377k
Debt > 1 year
€196k▼
2024 · €306k
Income taxes
€13k▼
2024 · €21k
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€1.16M€1.06M▼
Fixed assets21/28€1.12M€1.01M▼
Intangible fixed assets21€5k€2k▼
Tangible fixed assets22/27€1.12M€1.01M▼
Land and buildings22€1.07M€979k▼
Plant, machinery and equipment23€527€1k▲
Furniture and vehicles24€32k€26k▼
Assets under construction and advance payments27€14k€0▼
Current assets29/58€40k€53k▲
Amounts receivable within one year40/41€23k€24k▲
Trade receivables40€17k€14k▼
Other amounts receivable41€6k€10k▲
Cash at bank and in hand54/58€13k€26k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.16M€1.06M▼
Equity10/15€444k€476k▲
Contributions10/11€12k€12k=
Reserves13€304k€336k▲
Tax-exempt reserves132-€32k
Distributable reserves133€304k€304k▼
Profit (loss) carried forward14€127k€128k▲
Provisions and deferred taxes16€34k€42k▲
Provisions for liabilities and charges160/5€34k€34k=
Pensions and similar obligations160€34k€34k=
Deferred taxes168-€8k
Amounts payable17/49€683k€543k▼
Amounts payable after more than one year17€306k€196k▼
Financial debts170/4€306k€196k▼
Amounts payable within one year42/48€377k€347k▼
Current portion of amounts payable after more than one year42€58k€37k▼
Financial debts43€90€0▼
Other loans439€90€0▼
Trade debts44€11k€2k▼
Suppliers440/4€11k€2k▼
Taxes, remuneration and social security45€25k€17k▼
Taxes450/3€25k€17k▼
Other amounts payable47/48€283k€292k▲
Income statement
Code20242025
Non-recurring operating income76A€2k€41k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€51k▲
Other operating charges640/8€4k€5k▲
Gross operating margin9900€150k€159k▲
Operating profit (loss)9901€98k€104k▲
Financial income75/76B€209€3k▲
Recurring financial income75€209€3k▲
Financial charges65/66B€26k€25k▼
Recurring financial charges65€26k€25k▼
Profit (loss) for the period before taxes9903€72k€82k▲
Transfer from deferred taxes780-€58
Transfer to deferred taxes680-€8k
Income taxes67/77€21k€13k▼
Profit (loss) for the period9904€51k€60k▲
Transfer from tax-exempt reserves789-€233
Transfer to tax-exempt reserves689-€33k
Profit (loss) for the period to be appropriated9905€51k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€179k€155k▼
Profit (loss) brought forward from the previous period14P€127k€127k▼
Transfer from equity791/2€79k€28k▼
Transfer to equity691/2€52k€28k▼
To other reserves6921€52k€28k▼
Profit to be distributed694/7€79k€28k▼
Return on contributions (dividend)694€79k€28k▼
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €81k ▲447%
Net result €81k, the highest in the series.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-1k ▼102%
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €500kEq €520k ▲14%
3 profitable years in a row build equity to €520k.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
06-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 37 days late
2018
15-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 76 days late
04-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Horebeke · 2 establishment units since 2009
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.
Rokegem 15/C9667 HorebekeGround area
3,312 m²
Building footprint
260 m²
Volume, LiDAR
1,488 m³
2 parcels, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
First Line Consulting
since 20092.178.271.986
't VERSCHIL
since 20222.327.386.722
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45048B0340/00E000 | Flanders | 1,720 m² | 1 · 120 m² | 6.5 m · 2 fl. |
| 45011A1314/00A000 | Flanders | 1,592 m² | 1 · 140 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMaarkedal2.327.386.722
Similar companies · same sector, comparable size
PETRAN
BE 0436.903.242
Knokke-Heist · Eq €476k
OMNILINK
BE 0764.715.237
Sint-Niklaas · Eq €477k
3V Build
BE 1006.004.024
Antwerpen · Eq €476k
YOURECA
BE 0887.313.834
Roeselare · Eq €477k
ELIACE
BE 0827.699.812
Eghezée · Eq €477k
Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 4,756 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-01-2009
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
41001General construction of residential buildings
68122Development of non-residential building projects
71111Activities of building architects
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.