FIRST SOLUTIONS COMPANY
ActiveSummary
The computed 12-month bankruptcy probability of FIRST SOLUTIONS COMPANY is 5.0% (elevated). The 2025 annual accounts show negative equity (-€76,028) and a net result of -€47,591. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 10% of 13,741 sector peers (NACE 46, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 03-01-2018 Normal situation
- Activity
- Wholesale of electrical household appliances and audio-video equipment NACE 46431and 3 others
- Establishment unit
- 2.271.269.054 since 03-01-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 16-02-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 5.0%
- Turnover
- €135,236
- ▼ 50.3%
- Loss
- €47,591
- ▲ 14×
- Equity
- -€76,028
- ▼ 167%
- Total assets
- €111,415
- ▼ 40.5%
- Negative equity on 31-12-2025
- 2025 accounts filed 61 days after the deadline
Score breakdownraises riskLast filed accounts filed 61 days late; 2 of the last 3 accounts lateLiquidity: current ratio 0.57, cash €0, halvedLoss of €47,591, the second in a row (financial year 2025)lowers riskSize: turnover €135,236, total assets €111,415Show the evidence
Checked score
About 5 in 100 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 46, micro). It does better than 6% of them on solvency, 1% on liquidity, 6% on profitability and 5% on growth.
The bankruptcy probability was computed on 02-11-2026 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).
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Signals
The company filed its last 7 accounts on average 42 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€76,028 View
- Risk: 3 loss-making years in a rowloss in financial year 2025 -€47,591 View
- Caution: Lower net result than 95% of companies in wholesale tradesector median €5,660 · 13,747 companies -€47,591 View
- Caution: Turnover fell in 2025from €271,867 to €135,236 ▼ 50.3% View
Recent changes
- · Gazette deed Resignation: KENGNE SIEWE Sabin (director)
- · Gazette deed Purpose · Amendment of the articles · Legal-form change · Resignations & appointmentsChanges of role: DJOUKOUO KOUONTANG Sylvie (director) and KENGNE SIEWE Sabin (director)
- · Gazette deed Resignation: DJOUKOUO KOUONTANG SYLVIE (director and manager)
Comparable companies
These companies have the same main activity as FIRST SOLUTIONS COMPANY: wholesale of electrical household appliances and audio-video equipment (NACE 46431). They are comparable in size and age: total assets between €70,700 and €240,000, founded between 2013 and 2019.
| Company | Total assets | Gross margin |
|---|---|---|
| FIRST SOLUTIONS COMPANY Braine-le-Comte | €111,415 | -€38,344 |
| BVL Sambreville | €105,098 | -€182 |
| WREEZ Anderlecht | €105,191 | -€13,343 |
| BXL MEDIA Lasne | €143,116 | €1,613 |
| FSCNS Elsene | €197,502 | -€19,185 |
| VILADCO Geel | €240,430 | -€16,684 |
| DoeDoel Roeselare | €70,727 | €3,910 |
Key facts about FIRST SOLUTIONS COMPANY
- What is the company number of FIRST SOLUTIONS COMPANY?
- The company number of FIRST SOLUTIONS COMPANY is 0687.487.005. The VAT number is the same number with BE in front: BE 0687.487.005.
- Where is FIRST SOLUTIONS COMPANY based?
- The registered office is at Rue Neuve 20, 7090 Braine-le-Comte.Company details
- What does FIRST SOLUTIONS COMPANY do?
- According to the KBO register, the main activity is wholesale of electrical household appliances and audio-video equipment (NACE 46431).
- What is the legal form of FIRST SOLUTIONS COMPANY?
- The legal form of FIRST SOLUTIONS COMPANY is Private limited company (BV).
- When was FIRST SOLUTIONS COMPANY founded?
- FIRST SOLUTIONS COMPANY was founded on 03-01-2018.
- Is FIRST SOLUTIONS COMPANY still active?
- Yes, FIRST SOLUTIONS COMPANY is an active enterprise in the KBO register.
- What is the turnover of FIRST SOLUTIONS COMPANY?
- The turnover of FIRST SOLUTIONS COMPANY was €135,236 in financial year 2025, according to the filed annual accounts.Financials
- Is FIRST SOLUTIONS COMPANY profitable?
- In financial year 2025, FIRST SOLUTIONS COMPANY made a loss of €47,591.
- Where can I find the annual accounts of FIRST SOLUTIONS COMPANY?
- FIRST SOLUTIONS COMPANY filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FIRST SOLUTIONS COMPANY due?
- FIRST SOLUTIONS COMPANY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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