First Motors
ActiveSummary
The annual accounts of First Motors for financial year 2025 show a net loss of 88% of total assets. The 2025 annual accounts show equity of €59,487 and a net result of -€52,271. Equity has been shrinking by about 25% per year since 2019. If that trend continues, it turns negative around financial year 2027. Its solvency ranks better than 95% of 3,304 sector peers (NACE 95, financial year 2025). The company has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Official details
Source: KBO- Status
- Active since 13-05-1993 Normal situation
- Activity
- General maintenance and repair of cars and light vans (up to 3.5 tonnes) NACE 95311and 1 other
- Joint committee
- 112 Paritair Comité voor het garagebedrijf · annual accounts 30-06-2023
- Establishment unit
- 2.062.753.005 3550 Heusden-Zolder, since 08-07-1993
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Board and ownership
- Jamers JohannesDirector
- Jamers KellyDirector
- Wouters ConnyDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- -€2,522
- Loss
- €52,271
- ▲ 12.9%
- Equity
- €59,487
- ▼ 46.8%
- Total assets
- €59,574
- ▼ 46.8%
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €52,271, the second in a row (financial year 2025)Sector: Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)lowers riskEquity €59,487 (99.9% of total assets)Founded in 1993Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 95, micro). It does better than 92% of them on solvency, 51% on liquidity, 5% on profitability and 10% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 10 days after the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Key points
Recent changes
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as First Motors: general maintenance and repair of cars and light vans (up to 3.5 tonnes) (NACE 95311). They are comparable in size and age: total assets between €50,600 and €89,200, founded between 1985 and 1997.
| Company | Total assets | Gross margin |
|---|---|---|
| First Motors Heusden-Zolder | €59,574 | -€2,522 |
| MBGO Dilsen-Stokkem | €65,602 | -€26,803 |
| Infinite V Sint-Niklaas | €61,154 | -€1,859 |
| M.D. CAR. Tenneville | €50,624 | -€9,578 |
| CARROSSERIE RUBBENS Wijnegem | €68,625 | -€613 |
| Garage Carrosserie KOZLOWSKI Tongeren-Borgloon | €89,227 | -€6,564 |
| Vandenbergh Herman Tielt-Winge | €77,331 | -€3,216 |
Key facts about First Motors
- What is the company number of First Motors?
- The company number of First Motors is 0450.126.322. The VAT number is the same number with BE in front: BE 0450.126.322.
- Where is First Motors based?
- The registered office is at Rijkelstraat 62, 3550 Heusden-Zolder.Company details
- What does First Motors do?
- According to the KBO register, the main activity is general maintenance and repair of cars and light vans (up to 3.5 tonnes) (NACE 95311).
- What is the legal form of First Motors?
- The legal form of First Motors is Public limited company (NV).
- When was First Motors founded?
- First Motors was founded on 13-05-1993.
- Is First Motors still active?
- Yes, First Motors is an active enterprise in the KBO register.
- Which joint committee does First Motors fall under?
- In its 30-06-2023 annual accounts, First Motors states joint committee 112 (Paritair Comité voor het garagebedrijf).
- What is the turnover of First Motors?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is First Motors profitable?
- In financial year 2025, First Motors made a loss of €52,271.
- Where can I find the annual accounts of First Motors?
- First Motors filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of First Motors due?
- First Motors must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
See how customers, suppliers and banks see your own company and what to improve first.