Turnover
≈ €130,000 estimated
The micro format states no turnover.
FIRST OPTION TECH
Lifetime
1 annual account with figurespeak €16,946 (2024)
€16,946
peak €15,694 (2024)
€15,694
peak €18,694 (2024)
€18,694
€11,638
Board1 name since 2023
1 directorAHMADI Mohammad Edrees
Documentsfilings and deeds
22-09-202553 days late
2024micro format
1 establishment registeredFirst year with figures
Key points
from the 2024 annual accountsStarting capital
€3,000 100 shares
2024 accounts filed 53 days after the deadline
Checked score
54
Fair
Financially stronger than 81% of micro companies in telecommunications (NACE 61)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 527 companies (NACE 61, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.0%
01-2025: 2.0%● unchanged vs 12-2024
02-2025: 2.5%▲ +0.5 percentage points vs 01-2025
03-2025: 2.5%● unchanged vs 02-2025
04-2025: 2.8%▲ +0.3 percentage points vs 03-2025
05-2025: 3.1%▲ +0.3 percentage points vs 04-2025
06-2025: 3.1%● unchanged vs 05-2025
07-2025: 3.0%▼ -0.1 percentage points vs 06-2025
08-2025: 3.0%● unchanged vs 07-2025
09-2025: 3.3%▲ +0.3 percentage points vs 08-2025highest value
10-2025: 1.0%▼ -2.3 percentage points vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026lowest value
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.1%▲ +0.1 percentage points vs 06-2026
08-2026: 1.5%▲ +0.4 percentage points vs 07-2026
09-2026: 1.7%▲ +0.2 percentage points vs 08-2026
10-2026: 2.8%▲ +1.1 percentage points vs 09-2026
11-2026: 2.8%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2024 (filed on 23-09-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 53 days late; 1 of the last 3 accounts late
Founded in 2023
lowers risk
Liquidity: current ratio 2.61, cash €20,120
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 61, micro). It does better than 71% of them on solvency, 82% on liquidity and 91% on profitability.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 39,278 companies had the same profile as FIRST OPTION TECH has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FIRST OPTION TECH itself is higher: 2.8% within 12 months. It rests on far more data about FIRST OPTION TECH than the profile alone.
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 39,278 companies, not a prediction for FIRST OPTION TECH. 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
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.61, above the usual 1.5. Short-term debt is 38.4% and cash 66.3% of total assets. 38.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2024 accounts filed 53 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-09-2025, 53 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2024
53 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its 2024 accounts 53 days after the deadline. In the sector (NACE 61), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1001080877
First establishment
Kallobaan 33, Beveren-Kruibeke-Zwijndrecht
Incorporation
Founding capital of €3,000 · Founder: AHMADI Mohammad Edrees · 100 shares · Appointment: AHMADI Mohammad Edrees (director) · published on 13-10-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FIRST OPTION TECH Beveren-Kruibeke-Zwijndrecht | €30,332 | €16,946 | 61.6% | - |
| KORAB Ternat | €34,506 | €23,529 | 73.7% | - |
| H&Y Connections Antwerp | €41,966 | €15,552 | 57.9% | - |
| SOULY HRD Molenbeek-Saint-Jean | €41,104 | €12,141 | 72.9% | - |
| Ayconnect Solutions Antwerp | €26,207 | €15,923 | 61.2% | - |
| DEKIAS Anderlecht | €23,268 | €26,181 | 100.0% | - |
| GOLDEN SLICE Lebbeke | €46,068 | €11,932 | 14.7% | - |
These companies have the same main activity as FIRST OPTION TECH: wired, wireless and satellite telecommunications (NACE 61100). They are comparable in size and age: total assets between €23,300 and €46,100, founded between 2021 and 2024.
Official details
Source: KBO- Status
- Active since 11-10-2023Normal situation
- Activity
- Wired, wireless and satellite telecommunicationsNACE 61100and 1 other
- Establishment unit
- 2.360.021.1839120 Beveren-Kruibeke-Zwijndrecht, since 01-04-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 04-04-2025
Insights on FIRST OPTION TECH
The computed 12-month bankruptcy probability of FIRST OPTION TECH is 2.8% (moderate). The 2024 annual accounts show equity of €18,694 and a net result of €15,694.
Its solvency ranks better than 66% of 392 sector peers (NACE 61, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
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 OPTION TECH
- What is the company number of FIRST OPTION TECH?
- The company number of FIRST OPTION TECH is 1001.080.877. The VAT number is the same number with BE in front: BE 1001.080.877.
- Where is FIRST OPTION TECH based?
- The registered office is at Kallobaan 33, 9120 Beveren-Kruibeke-Zwijndrecht.Company details
- What does FIRST OPTION TECH do?
- According to the KBO register, the main activity is wired, wireless and satellite telecommunications (NACE 61100).
- What is the legal form of FIRST OPTION TECH?
- FIRST OPTION TECH is a private limited company (BV).
- When was FIRST OPTION TECH founded?
- FIRST OPTION TECH was founded on 11-10-2023.
- Is FIRST OPTION TECH still active?
- Yes, FIRST OPTION TECH is an active enterprise in the KBO register.
- What is the turnover of FIRST OPTION TECH?
- The turnover in financial year 2024 is ≈ €130,000. This figure is estimated from the gross margin of €16,946 and 6,297 comparable companies of the same size. It probably lies between €59,000 and €310,000. It is a rough estimate.Financials
- Is FIRST OPTION TECH profitable?
- In financial year 2024, FIRST OPTION TECH made a profit of €15,694.
- Where can I find the annual accounts of FIRST OPTION TECH?
- FIRST OPTION TECH filed 1 annual account with the National Bank of Belgium, for financial year 2024.
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