First Things First
ActiveFirst Things First has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €148k and a net result of €80k. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 51% of 16942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+12
Solvency86▲+25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 1.92 against 1.4 in 2024; short-term debt: 36.4% and cash: 26.7% of total assets), and 38.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.3%
Return on assets
33.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
64 d early
2023
58 d early
2022
31 d late
2021
31 d late
2020
17 d early
2019
49 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€148k▲ 117%
2024 · €68k
2018: €44k
2019: €37k
2020: €34k
2021: €20k
2022: €16k
2023: €39k
2024: €68k
2018 → 2025
Total assets
€241k▲ 25.5%
2024 · €192k
2018: €84k
2019: €57k
2020: €63k
2021: €180k
2022: €198k
2023: €211k
2024: €192k
2018 → 2025
Net result
€80k▲ 167%
2024 · €30k
2018: €10k
2019: €-6k
2020: €-4k
2021: €-14k
2022: €-3k
2023: €24k
2024: €30k
2018 → 2025
Working capital
€80k▲ 123%
2024 · €36k
2018: €40k
2019: €29k
2020: €23k
2021: €29k
2022: €-43k
2023: €-29k
2024: €36k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€16k▼ 17.5%€39k▲ 143%€68k▲ 74.8%€148k▲ 117%
Operating result€-14k-€5k€38k▲ 739%€52k▲ 38.7%€140k▲ 166%
Net result€-14k-€-3k▲ 76.2%€24k€30k▲ 26.2%€80k▲ 167%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 166% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €241k
Fixed assets
€73k▲ 8.9%
Current assets
€168k▲ 34.4%
Equity and liabilities €241k
Equity
€148k▲ 117%
Debt
€93k▼ 24.6%
The debt ratio falls from 64.5% to 38.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€179k▲
2024 · €93k
Cash flow
€120k▲
2024 · €71k
Solvency
61.3%▲
2024 · 35.5%
Current ratio
1.92▲
2024 · 1.40
Quick ratio
1.92▲
2024 · 1.40
Debt / equity
0.63▼
2024 · 1.81
ROE
54.4%▲
2024 · 44.2%
ROA
33.4%▲
2024 · 15.7%
Interest coverage
6.82▼
2024 · 10.45
Debt
€93k▼
2024 · €124k
Debt ≤ 1 year
€88k▼
2024 · €89k
Income taxes
€33k▲
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€192k€241k▲
Fixed assets21/28€67k€73k▲
Tangible fixed assets22/27€66k€72k▲
Plant, machinery and equipment23€4k€5k▲
Furniture and vehicles24€57k€64k▲
Other tangible fixed assets26€5k€3k▼
Financial fixed assets28€500€500=
Current assets29/58€125k€168k▲
Amounts receivable within one year40/41€116k€102k▼
Trade receivables40€81k€89k▲
Other amounts receivable41€35k€13k▼
Cash at bank and in hand54/58€5k€64k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€192k€241k▲
Equity10/15€68k€148k▲
Contributions10/11€19k€19k=
Reserves13€50k€129k▲
Distributable reserves133€50k€129k▲
Amounts payable17/49€124k€93k▼
Amounts payable after more than one year17€29k-
Financial debts170/4€29k-
Amounts payable within one year42/48€89k€88k▼
Current portion of amounts payable after more than one year42€10k-
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€19k€19k▲
Taxes450/3€19k€15k▼
Remuneration and social security454/9-€4k
Other amounts payable47/48€57k€67k▲
Accrued charges and deferred income492/3€5k€6k▲
Income statement
Code20242025
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€40k▼
Other operating charges640/8€977€2k▲
Non-recurring operating charges66A€20k€4k▼
Gross operating margin9900€114k€185k▲
Operating profit (loss)9901€52k€140k▲
Financial income75/76B€0€44▲
Recurring financial income75€0€44▲
Financial charges65/66B€9k€26k▲
Recurring financial charges65€9k€26k▲
Profit (loss) for the period before taxes9903€43k€113k▲
Income taxes67/77€13k€33k▲
Profit (loss) for the period9904€30k€80k▲
Profit (loss) for the period to be appropriated9905€30k€80k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€80k▲
Transfer from equity791/2€935-
Transfer to equity691/2€30k€80k▲
To other reserves6921€30k€80k▲
Profit to be distributed694/7€954€926▼
Return on contributions (dividend)694€954€926▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €80k ▲167%
Operating result €140k, net result €80k, both a record.
31-12
Financial
Equity above €100kEq €148k ▲117%
3 profitable years in a row build equity to €148k.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €24k
Net result €24k after 4 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 9current ratio 16.12
Current ratio from 1.86 to 16.12; short-term debt falls from €27k to €2k.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ternat · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Van Cauwelaertstraat 761740 TernatGround area
1,507 m²
Building footprint
203 m²
Volume, LiDAR
1,040 m³
Parcel 23086A0210/00S000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
First Things First
since 20112.199.751.152
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086A0210/00S000 | Flanders | 1,507 m² | 1 · 203 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 248 EUR awarded · 248 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 248 EUR | 248 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,992 companies in sector 62200 we hold annual accounts for 18,386. 15,343 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-04-2011
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.