FIRST MOTOR SERVICE
ActiveFIRST MOTOR SERVICE has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122k and a net result of €-19k. Equity is growing by ~25.7% per year across the filed fiscal years. Its solvency ranks better than 62% of 18016 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-78
Solvency92▼-8
Growth68▼-17
Stability100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 2.85 in 2024), but 51.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.6%
Return on assets
-7.7%
Age of the figures
8 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
28 d early
2023
23 d early
2022
21 d early
2021
5 d late
2020
16 d early
2019
41 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€1.01M▲ 171%
2020 · €372k
2018: €256k
2019: €257k
2020: €372k
2018 → 2021
EBIT margin
3.9%▼ 3.0pp
2020 · 7.0%
2018: -2.1%
2019: 2.0%
2020: 7.0%
2018 → 2021
Net result
€-19k
2024 · €22k
2018: €-9k
2019: €4k
2020: €20k
2021: €29k
2022: €18k
2023: €31k
2024: €22k
2018 → 2025
Working capital
€119k▼ 14.0%
2024 · €139k
2018: €18k
2019: €22k
2020: €42k
2021: €68k
2022: €86k
2023: €117k
2024: €139k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.01M-
Equity€71k-€89k▲ 25.1%€119k▲ 34.7%€141k▲ 18.4%€122k▼ 13.7%
Operating result€39k-€26k▼ 33.8%€43k▲ 63.0%€30k▼ 30.4%€-17k
Net result€29k-€18k▼ 38.3%€31k▲ 72.8%€22k▼ 28.4%€-19k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €17k after €30k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €251k
Fixed assets
€3k=
Current assets
€248k▲ 16.1%
Equity and liabilities €251k
Equity
€122k▼ 13.7%
Debt
€129k▲ 71.5%
The debt ratio rises from 34.7% to 51.4%: debt grows while equity shrinks.
Key figures and ratios
Solvency
48.6%▼
2024 · 65.3%
Current ratio
1.93▼
2024 · 2.85
Quick ratio
1.41▲
2024 · 1.23
Debt / equity
1.06▲
2024 · 0.53
ROE
-15.9%▼
2024 · 15.6%
ROA
-7.7%▼
2024 · 10.2%
Debt
€129k▲
2024 · €75k
Debt ≤ 1 year
€129k▲
2024 · €75k
Income taxes
€50▼
2024 · €7k
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€216k€251k▲
Fixed assets21/28€3k€3k=
Financial fixed assets28€3k€3k=
Current assets29/58€214k€248k▲
Stocks and contracts in progress3€122k€66k▼
Stocks30/36€122k€66k▼
Amounts receivable within one year40/41€30k€126k▲
Trade receivables40€30k€117k▲
Other amounts receivable41€0€8k▲
Cash at bank and in hand54/58€59k€54k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€216k€251k▲
Equity10/15€141k€122k▼
Contributions10/11€12k€12k=
Profit (loss) carried forward14€129k€109k▼
Amounts payable17/49€75k€129k▲
Amounts payable within one year42/48€75k€129k▲
Financial debts43-€99k
Credit institutions430/8-€99k
Trade debts44€45k€0▼
Suppliers440/4€45k€0▼
Taxes, remuneration and social security45€11k€121▼
Taxes450/3€11k€121▼
Other amounts payable47/48€20k€30k▲
Income statement
Code20242025
Other operating charges640/8€1k€1k▲
Gross operating margin9900€31k€-16k▼
Operating profit (loss)9901€30k€-17k▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€488€2k▲
Recurring financial charges65€488€2k▲
Profit (loss) for the period before taxes9903€29k€-19k▼
Income taxes67/77€7k€50▼
Profit (loss) for the period9904€22k€-19k▼
Profit (loss) for the period to be appropriated9905€22k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€129k€109k▼
Profit (loss) brought forward from the previous period14P€107k€129k▲
The notes to these accounts (6 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Weakest financial yearnet €-19k ▼188%
Net result drops to €-19k, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €31k ▲72.8%
Operating result €43k, net result €31k, both a record.
31-12
Financial
Equity above €100kEq €119k ▲34.7%
5 profitable years in a row build equity to €119k.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.85
Current ratio from 1.74 to 3.85; short-term debt falls from €24k to €8k.
24-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 24 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 56 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Sint-Jans-Molenbeek · 1 establishment unit since 2013
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.
Sippelberglaan 61080 Sint-Jans-MolenbeekGround area
8,135 m²
Building footprint
635 m²
Volume, LiDAR
7,796 m³
2 parcels, Brussels, Flanders · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
First Motor Service
since 20132.216.588.867
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0096/00K002 | Brussels | 6,408 m² | 1 · 635 m² | 15.7 m · 4 fl. |
| 23068B0220/00G002 | Flanders | 1,727 m² | - | - |
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.
Similar companies · same sector, comparable size
AUTOS CONCEPT
BE 0651.903.544
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NEM TECH
BE 0653.807.021
Herk-de-Stad · Eq €122k
AUTO'S JOS
BE 0818.910.919
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HG BUSINESS
BE 0785.572.118
Sambreville · Eq €122k
RIVERSIDEMOTORS
BE 0537.501.744
Nivelles · Eq €122k
Of 10,618 companies in sector 47811 we hold annual accounts for 5,192. 3,662 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-01-2013
Fiscal year end31-12
Abbreviation FR
F.M.S.
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
49320Taxi operation
49330On-demand passenger transport by chauffeured vehicle
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.