First Step
ActiveSummary
First Step has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €15,189 and a net result of -€5,392. Equity is shrinking by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 19% of 701 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
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Signals
This company filed its last 3 accounts on average 244 days after the deadline; the sector median for financial year 2024 is 24 days before the deadline, and 25% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 88, Social work activities without accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,303 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a small loss
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,303 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €89,907 | €164,929 | €156,042 | ▼ 5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,833 | €10,022 | €10,612 | ▲ 5.9% |
| Other operating charges640/8 | €398 | €1,331 | €832 | ▼ 37.5% |
| Gross operating margin9900 | €94,541 | €180,884 | €162,293 | ▼ 10.3% |
| Operating profit (loss)9901 | -€1,596 | €4,602 | -€5,193 | ▼ 213% |
| Financial income75/76B | €114 | €2,178 | €28 | ▼ 98.7% |
| Recurring financial income75 | €114 | €2,178 | €28 | ▼ 98.7% |
| Financial charges65/66B | €77 | €1,397 | €364 | ▼ 73.9% |
| Recurring financial charges65 | €77 | €1,397 | €364 | ▼ 73.9% |
| Profit (loss) for the period before taxes9903 | -€1,560 | €5,383 | -€5,529 | ▼ 203% |
| Income taxes67/77 | €143 | €3,100 | -€137 | ▼ 104% |
| Profit (loss) for the period9904 | -€1,703 | €2,283 | -€5,392 | ▼ 336% |
| Profit (loss) for the period to be appropriated9905 | -€1,703 | €2,283 | -€5,392 | ▼ 336% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €146,530 | €175,783 | €171,642 | ▼ 2.4% |
| Fixed assets21/28 | €74,167 | €65,443 | €57,273 | ▼ 12.5% |
| Tangible fixed assets22/27 | €74,167 | €65,443 | €57,273 | ▼ 12.5% |
| Plant, machinery and equipment23 | €74,167 | €65,443 | €57,273 | ▼ 12.5% |
| Current assets29/58 | €72,363 | €110,340 | €114,369 | ▲ 3.7% |
| Amounts receivable within one year40/41 | €69,753 | €64,669 | €52,707 | ▼ 18.5% |
| Trade receivables40 | €34,295 | €39,779 | €46,600 | ▲ 17.1% |
| Other amounts receivable41 | €35,458 | €24,891 | €6,107 | ▼ 75.5% |
| Cash at bank and in hand54/58 | €2,610 | €13,071 | €26,987 | ▲ 106% |
| Deferred charges and accrued income490/1 | - | €32,600 | €34,675 | ▲ 6.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €146,530 | €175,783 | €171,642 | ▼ 2.4% |
| Equity10/15 | €18,297 | €20,580 | €15,189 | ▼ 26.2% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€1,703 | €580 | -€4,811 | ▼ 929% |
| Amounts payable17/49 | €128,232 | €155,203 | €156,453 | ▲ 0.8% |
| Amounts payable after more than one year17 | €40,000 | €40,000 | €40,000 | = |
| Financial debts170/4 | €40,000 | €40,000 | €40,000 | = |
| Amounts payable within one year42/48 | €84,732 | €112,153 | €116,453 | ▲ 3.8% |
| Trade debts44 | €29,169 | €34,461 | €32,479 | ▼ 5.8% |
| Suppliers440/4 | €29,169 | €34,461 | €32,479 | ▼ 5.8% |
| Advances received on contracts in progress46 | €5,657 | €5,657 | - | - |
| Taxes, remuneration and social security45 | €9,161 | €16,137 | €24,639 | ▲ 52.7% |
| Taxes450/3 | €173 | €3,138 | €9,144 | ▲ 191% |
| Remuneration and social security454/9 | €8,988 | €12,998 | €15,495 | ▲ 19.2% |
| Other amounts payable47/48 | €40,746 | €55,899 | €59,336 | ▲ 6.1% |
| Accrued charges and deferred income492/3 | €3,500 | €3,050 | - | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,703 | €2,283 | -€5,392 | ▼ 336% |
| + Depreciation and write-downs630 | €5,833 | €10,022 | €10,612 | ▲ 5.9% |
| Operating cash flow (approximation) | €4,131 | €12,305 | €5,220 | ▼ 57.6% |
| Investment in fixed assets (approximation) | - | -€1,298 | -€2,442 | ▼ 88.1% |
| Change in cash | - | €10,461 | €13,916 | ▲ 33.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24033F0424/00F002 | Flanders | 1,190 m² | 1 · 235 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 317,164 EUR awarded · 317,164 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 135,290 EUR | 135,290 EUR |
| 2024 | 2 | 127,861 EUR | 127,861 EUR |
| 2023 | 2 | 49,813 EUR | 49,813 EUR |
| 2022 | 1 | 4,200 EUR | 4,200 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteCare and welfare
1 service · 0 liveSimilar companies · same sector, comparable size
Identification & contact
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.