Equity
€160,521 ▲ 3.4%
FIRST TIME RIGHT has made a profit in every financial year since 2018.
FIRST TIME RIGHT
Lifetime
8 annual accounts with figures on one time axispeak €1.4m (2023)
€1.3m▲ 7.6%
peak €122,542 (2021)
€14,923▲ 29.2%
peak €160,521 (2025)
€160,521▲ 3.4%
€551,891▲ 115%
peak 24.4 FTE (2022)
21 FTE▲ 1.0%
Board2 names since 2017
2 directorsACRIBI and 1 other
Documentsfilings and deeds
26-06-202635 days before the deadline
2025abbreviated format
Result from €11,550 to €14,923Debts from €257,180 to €551,891Investments €241,678Cash from €61,246 to €84,209
Key points
from the 2025 annual accountsTurnover
≈ €2.4m estimated
The accounts state no turnover.
Debts
€551,891 ▲ 115%
Debts rose by €294,711 in 2025.
Investments
€241,678 2.9 × depreciation
Green is investment, beige is depreciation.
Staff
24 employees on 31-12-2025
In 2025, 8 people joined and 5 left.
Filings
8 annual accounts 4 late
The 2021 accounts came latest: 192 days after the end of the period.
Checked score
53
Fair
Financially stronger than 38% of small companies in land transport (NACE 49)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 1,181 companies (NACE 49, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.6%
01-2025: 2.6%● unchanged vs 12-2024
02-2025: 2.6%● unchanged vs 01-2025
03-2025: 2.5%▼ -0.1 percentage points vs 02-2025
04-2025: 2.7%▲ +0.2 percentage points vs 03-2025
05-2025: 2.9%▲ +0.2 percentage points vs 04-2025highest value
06-2025: 2.8%▼ -0.1 percentage points vs 05-2025
07-2025: 2.8%● unchanged vs 06-2025
08-2025: 2.7%▼ -0.1 percentage points vs 07-2025
09-2025: 2.7%● unchanged vs 08-2025
10-2025: 2.7%● unchanged vs 09-2025
11-2025: 2.7%● unchanged vs 10-2025
12-2025: 2.2%▼ -0.5 percentage points vs 11-2025
01-2026: 1.5%▼ -0.7 percentage points vs 12-2025
02-2026: 1.5%● unchanged vs 01-2026
03-2026: 1.4%▼ -0.1 percentage points vs 02-2026lowest value
04-2026: 1.4%● unchanged vs 03-2026
05-2026: 1.5%▲ +0.1 percentage points vs 04-2026
06-2026: 1.4%▼ -0.1 percentage points vs 05-2026
07-2026: 2.1%▲ +0.7 percentage points vs 06-2026
08-2026: 2.1%● unchanged vs 07-2026
09-2026: 2.1%● unchanged vs 08-2026
10-2026: 2.1%● unchanged vs 09-2026
11-2026: 2.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Land transport and transport via pipelines (NACE 49)
Size: 21 FTE, total assets €712,412
1 of the last 3 accounts late
Equity €160,521 (22.5% of total assets)
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 49, small). It does better than 29% of them on solvency, 35% on liquidity, 44% on profitability and 42% on growth.
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 31-12-2025.
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, 2,372 companies had the same profile as FIRST TIME RIGHT has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
1.4%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FIRST TIME RIGHT itself: 2.1% within 12 months.
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 2,372 companies, not a prediction for FIRST TIME RIGHT. 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 €8,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.21 (1.26 in 2024), below the usual 1.5. Short-term debt is 53.7% and cash 11.8% of total assets. 77.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises riskneutral
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 26-06-2026, 35 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
35 days early
2024
59 days early
2023
50 days late
2022
7 days early
2021
192 days late
2020
58 days late
2019
56 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 36 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 July (4 of the last 5 accounts filed within 58 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Merelbeke to Wetteren
New registered office: Biezeweg 9, 9230 Wetteren · Previous registered office: Nijverheidsweg 19, 9820 Merelbeke · Changes of role: ACRIBI (director) and SWISSSLEEP (director) · General meeting of 09-11-2023 · Gazette deed
First establishment
Biezeweg 9, Wetteren
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0683714891
Registered office moved from Ghent to Merelbeke
New registered office: NIJVERHEIDSWEG 19 TË 9820 MERELBEKE · Previous registered office: Nederzwijnaarde 2 bus 28 - Poort 80 B te 9052 Gent · Permanent representative: Bracke Anouck · General meeting of 15-05-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FIRST TIME RIGHT Wetteren | €0.7m | €1.3m | 22.5% | 21 |
| NOY GROEP Willebroek | €0.7m | €1.1m | 53.9% | 18.3 |
| Cubus Group Ghent | €0.7m | €1.0m | 15.8% | 15.5 |
| LST Logistics Ghent | €0.6m | €1.4m | 27.8% | 15.4 |
| ZUCO LOGISTICS Ghent | €0.6m | €1.4m | 11.9% | 13.8 |
| B-Progress NV Brussels | €0.8m | €1.0m | -14.7% | 20 |
| S&S Antwerp | €1.0m | €1.3m | 35.3% | 23.2 |
These companies have the same main activity as FIRST TIME RIGHT: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €561,000 and €1m, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 25-10-2017Normal situation
- Activity
- Freight transport by roadNACE 49410
- Joint committee
- 140.03Road transport and logistics for third parties · annual accounts 2025
- Establishment unit
- 2.344.317.7749230 Wetteren, since 01-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 07-03-2023
Annual accounts 2025
- €712,412▲ 72.7%
- Employeeson 31-12-2025
- 24▲ 14.3%
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Insights on FIRST TIME RIGHT
FIRST TIME RIGHT files the abbreviated format. That format states no turnover. The gross margin rose from €784,053 in 2018 to €1.3m in 2025.
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 TIME RIGHT
- What is the company number of FIRST TIME RIGHT?
- The company number of FIRST TIME RIGHT is 0683.714.891. The VAT number is the same number with BE in front: BE 0683.714.891.
- Where is FIRST TIME RIGHT based?
- The registered office is at Biezeweg 9, 9230 Wetteren.Company details
- What does FIRST TIME RIGHT do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of FIRST TIME RIGHT?
- FIRST TIME RIGHT is a private limited company (BV).
- When was FIRST TIME RIGHT founded?
- FIRST TIME RIGHT was founded on 25-10-2017.
- Is FIRST TIME RIGHT still active?
- Yes, FIRST TIME RIGHT is an active enterprise in the KBO register.
- How many employees does FIRST TIME RIGHT have?
- FIRST TIME RIGHT had an average of 21 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does FIRST TIME RIGHT fall under?
- In its 2025 annual accounts, FIRST TIME RIGHT states joint committee 140.03 (Road transport and logistics for third parties).
- What is the turnover of FIRST TIME RIGHT?
- The turnover in financial year 2025 is ≈ €2.4m. This figure is estimated from the gross margin of €1.3m and 31 comparable companies (NACE 49410). It probably lies between €2.1m and €2.8m.
- Is FIRST TIME RIGHT profitable?
- In financial year 2025, FIRST TIME RIGHT made a profit of €14,923.
- Where can I find the annual accounts of FIRST TIME RIGHT?
- FIRST TIME RIGHT filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FIRST TIME RIGHT due?
- FIRST TIME RIGHT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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