Summary
FIRST POINT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €243,807 and a net result of €12,826. Equity is growing by about 5.7% per year across the filed financial years. Its solvency ranks better than 90% of 9,727 sector peers (NACE 64, financial year 2025). The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
In the rankings
#8 oldest company in Aalter, Finance and insurance sector
Equity
€243,807▲ 5.6%
2024 · €230,981
Net result
€12,826▼ 39.3%
2024 · €21,141
Total assets
€265,843▲ 1.1%
2024 · €262,895
Solvency
91.7%▲ 3.9pp
2024 · 87.9%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 36% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€21,160
2025
Net result€12,826
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€265,843
2025
Equity€243,807
2025
Debt€22,036
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€71,984
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)4.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency91.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio4.33
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€29,067-€25,123▼ 13.6%€31,114▲ 23.8%-€994€13,121€33,078▲ 152%€21,160▼ 36.0%
Net result€18,725-€16,546within the sector's middle half▼ 11.6%€20,685within the sector's middle half▲ 25.0%-€2,839below the sector's middle half€7,760within the sector's middle half€21,141within the sector's middle half▲ 172%€12,826within the sector's middle half▼ 39.3%
Equity€170,889-€185,834within the sector's middle half▲ 8.7%€204,920within the sector's middle half▲ 10.3%€202,080within the sector's middle half▼ 1.4%€209,840within the sector's middle half▲ 3.8%€230,981within the sector's middle half▲ 10.1%€243,807within the sector's middle half▲ 5.6%
Total assets€271,793-€328,990within the sector's middle half▲ 21.0%€327,732within the sector's middle half▼ 0.4%€280,607within the sector's middle half▼ 14.4%€265,781within the sector's middle half▼ 5.3%€262,895within the sector's middle half▼ 1.1%€265,843within the sector's middle half▲ 1.1%
Debt€100,904-€143,155▲ 41.9%€122,813▼ 14.2%€78,526▼ 36.1%€55,941▼ 28.8%€31,914▼ 43.0%€22,036▼ 31.0%
Working capital-€87,098--€77,691below the sector's middle half▲ 10.8%-€43,334below the sector's middle half▲ 44.2%-€34,160below the sector's middle half▲ 21.2%-€7,778within the sector's middle half▲ 77.2%€31,141within the sector's middle half€71,984within the sector's middle half▲ 131%
Solvency62.9%-56.5%within the sector's middle half▼ 6.4pp62.5%within the sector's middle half▲ 6.0pp72.0%within the sector's middle half▲ 9.5pp79.0%above the sector's middle half▲ 6.9pp87.9%above the sector's middle half▲ 8.9pp91.7%above the sector's middle half▲ 3.9pp
Current ratio0.14-0.24below the sector's middle half▲ 0.110.53below the sector's middle half▲ 0.280.41below the sector's middle half▼ 0.110.83within the sector's middle half▲ 0.421.98within the sector's middle half▲ 1.154.33above the sector's middle half▲ 2.35
Return on assets (ROA)6.9%-5.0%within the sector's middle half▼ 1.9pp6.3%within the sector's middle half▲ 1.3pp-1.0%below the sector's middle half▼ 7.3pp2.9%within the sector's middle half▲ 3.9pp8.0%within the sector's middle half▲ 5.1pp4.8%within the sector's middle half▼ 3.2pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €265,843
Fixed assets
€172,223 ▼ 13.8%
Current assets
€93,621 ▲ 48.5%
Equity and liabilities €265,843
Equity
€243,807 ▲ 5.6%
Debt
€22,036 ▼ 31.0%
Debt's share of the balance-sheet total falls from 12.1% to 8.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
5.3%▼
2024 · 9.2%
Debt ≤ 1 year
€21,637▼
2024 · €31,914
Income taxes
€7,711▼
2024 · €11,285
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,615 | €18,722 | €29,384 | €28,541 | €28,828 | €28,080 | €27,618 | ▼ 1.6% |
| Other operating charges640/8 | - | - | €3,389 | €4,170 | €4,539 | €4,281 | €4,046 | ▼ 5.5% |
| Gross operating margin9900 | €50,997 | €47,035 | €63,888 | €31,717 | €46,488 | €65,438 | €52,824 | ▼ 19.3% |
| Operating profit (loss)9901 | €29,067 | €25,123 | €31,114 | -€994 | €13,121 | €33,078 | €21,160 | ▼ 36.0% |
| Financial income75/76B | - | - | €106 | €134 | €13 | €0 | €5 | ▲ 16× |
| Recurring financial income75 | €444 | €9 | €106 | €134 | €13 | €0 | €5 | ▲ 16× |
| Financial charges65/66B | - | - | €679 | €704 | €351 | €652 | €628 | ▼ 3.7% |
| Recurring financial charges65 | €1,725 | €490 | €679 | €704 | €351 | €652 | €628 | ▼ 3.7% |
| Profit (loss) for the period before taxes9903 | €27,786 | €24,642 | €30,541 | -€1,565 | €12,783 | €32,426 | €20,537 | ▼ 36.7% |
| Income taxes67/77 | €9,062 | €8,096 | €9,856 | €1,274 | €5,023 | €11,285 | €7,711 | ▼ 31.7% |
| Profit (loss) for the period9904 | €18,725 | €16,546 | €20,685 | -€2,839 | €7,760 | €21,141 | €12,826 | ▼ 39.3% |
| Profit (loss) for the period to be appropriated9905 | €18,725 | €16,546 | €20,685 | -€2,839 | €7,760 | €21,141 | €12,826 | ▼ 39.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €271,793 | €328,990 | €327,732 | €280,607 | €265,781 | €262,895 | €265,843 | ▲ 1.1% |
| Fixed assets21/28 | €257,986 | €304,156 | €279,709 | €256,749 | €227,921 | €199,841 | €172,223 | ▼ 13.8% |
| Tangible fixed assets22/27 | €257,986 | €304,156 | €279,709 | €256,749 | €227,921 | €199,841 | €172,223 | ▼ 13.8% |
| Land and buildings22 | - | - | €241,533 | €226,900 | €208,823 | €190,747 | €172,223 | ▼ 9.7% |
| Furniture and vehicles24 | - | - | €38,176 | €29,849 | €19,098 | €9,094 | €0 | ▼ 100% |
| Current assets29/58 | €13,807 | €24,833 | €48,023 | €23,858 | €37,860 | €63,054 | €93,621 | ▲ 48.5% |
| Amounts receivable within one year40/41 | €4,164 | €19,530 | €17,854 | €18,971 | €24,901 | €33,283 | €26,557 | ▼ 20.2% |
| Trade receivables40 | - | - | €14,710 | €7,245 | €22,923 | €31,568 | €23,268 | ▼ 26.3% |
| Other amounts receivable41 | - | - | €3,144 | €11,726 | €1,977 | €1,715 | €3,289 | ▲ 91.8% |
| Cash at bank and in hand54/58 | €9,642 | €5,165 | €29,118 | €1,052 | €9,193 | €25,700 | €64,990 | ▲ 153% |
| Deferred charges and accrued income490/1 | - | - | €1,051 | €3,835 | €3,767 | €4,072 | €2,074 | ▼ 49.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €271,793 | €328,990 | €327,732 | €280,607 | €265,781 | €262,895 | €265,843 | ▲ 1.1% |
| Equity10/15 | €170,889 | €185,834 | €204,920 | €202,080 | €209,840 | €230,981 | €243,807 | ▲ 5.6% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €151,972 | €167,234 | €186,320 | €185,376 | €191,240 | €212,381 | €225,207 | ▲ 6.0% |
| Non-distributable reserves130/1 | - | - | €10,877 | €9,933 | €9,933 | - | - | - |
| Reserves not available under the articles1311 | - | - | €10,877 | €9,933 | €9,933 | - | - | - |
| Tax-exempt reserves132 | - | - | €34,500 | €34,500 | €34,500 | €34,500 | €34,500 | = |
| Distributable reserves133 | - | - | €140,943 | €140,943 | €146,807 | €177,881 | €190,707 | ▲ 7.2% |
| Profit (loss) carried forward14 | €317 | - | - | -€1,896 | - | - | - | - |
| Amounts payable17/49 | €100,904 | €143,155 | €122,813 | €78,526 | €55,941 | €31,914 | €22,036 | ▼ 31.0% |
| Amounts payable after more than one year17 | - | €40,631 | €31,456 | €20,509 | €10,303 | - | - | - |
| Financial debts170/4 | - | - | €31,456 | €20,509 | €10,303 | - | - | - |
| Amounts payable within one year42/48 | €100,904 | €102,524 | €91,357 | €58,018 | €45,638 | €31,914 | €21,637 | ▼ 32.2% |
| Current portion of amounts payable after more than one year42 | - | - | €10,006 | €10,109 | €10,206 | €10,303 | €0 | ▼ 100% |
| Financial debts43 | - | - | €2,167 | €2,167 | - | €2,562 | €2,554 | ▼ 0.3% |
| Credit institutions430/8 | - | - | €2,167 | €2,167 | - | €2,562 | €2,554 | ▼ 0.3% |
| Trade debts44 | €3,213 | €4,610 | €4,946 | €1,025 | €7,296 | €3,801 | €5,267 | ▲ 38.6% |
| Suppliers440/4 | - | - | €4,946 | €1,025 | €7,296 | €3,801 | €5,267 | ▲ 38.6% |
| Taxes, remuneration and social security45 | - | - | €1,884 | €1,228 | €3,898 | €3,032 | €1,807 | ▼ 40.4% |
| Taxes450/3 | - | - | €1,884 | €1,228 | €3,898 | €3,032 | €1,807 | ▼ 40.4% |
| Other amounts payable47/48 | - | - | €72,355 | €43,489 | €24,238 | €12,216 | €12,009 | ▼ 1.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €400 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,725 | €16,546 | €20,685 | -€2,839 | €7,760 | €21,141 | €12,826 | ▼ 39.3% |
| + Depreciation and write-downs630 | €18,615 | €18,722 | €29,384 | €28,541 | €28,828 | €28,080 | €27,618 | ▼ 1.6% |
| Operating cash flow (approximation) | €37,339 | €35,268 | €50,069 | €25,702 | €36,588 | €49,221 | €40,444 | ▼ 17.8% |
| Investment in fixed assets (approximation) | - | -€64,892 | -€4,937 | -€5,581 | €0 | €0 | €0 | - |
| Change in cash | - | -€4,477 | €23,953 | -€28,066 | €8,141 | €16,507 | €39,290 | ▲ 138% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 27-04-2026 | 2026-00088258 |
| 30-09-2024 | micro format | 28-03-2025 | 2025-00057869 |
| 30-09-2023 | micro format | 07-03-2024 | 2024-00040664 |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00069641 |
| 30-09-2021 | micro format | 28-04-2022 | 2022-20012330 |
| 30-09-2020 | micro format | 29-04-2021 | 2021-12100381 |
| 30-09-2019 | micro format | 27-03-2020 | 2020-07900558 |
| 30-09-2018 | micro format | 26-03-2019 | 2019-08000226 |
| 30-09-2017 | micro format | 28-03-2018 | 2018-08200485 |
| 30-09-2016 | abbreviated format | 31-03-2017 | 2017-08300429 |
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Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,049. 13,801 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.