First Tracks
The computed 12-month bankruptcy probability of First Tracks is 0.5% (very low). The 2024 annual accounts show equity of €25k and a net result of €22k. Its solvency ranks better than 41% of 12402 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €25k |
| Net result | €22k |
| Better than sector | 41% |
| Active | 2 yrs |
Exceptional profile, strong across almost every axis.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 51.6% | 60.6% | |
| Net result | €22k | €31k | |
| Equity | €25k | €63k | |
| Gross operating margin | €33k | €52k | |
| Total assets | €49k | €124k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €32k |
| Net profit | €22k |
| Cash flow | €25k |
| Staff costs | - |
| Income taxes | €8k |
| Dividends | €2k |
| Total assets | €49k |
| Equity | €25k |
| Debt | €24k |
| of which ≤ 1y | €24k |
| of which > 1y | - |
| Working capital | €24k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 2.03 |
| Quick ratio | 2.03 |
| Working capital ratio | 49.7% |
| Solvency | 51.6% |
| Debt / equity | 0.94 |
| Long-term debt ratio | - |
| Interest coverage | 82712.28 |
| Gross margin | - |
| Net margin | - |
| ROA | 44.8% |
| ROE | 86.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €49k |
| Fixed assets | 21/28 | €945 |
| Tangible fixed assets | 22/27 | €945 |
| Current assets | 29/58 | €48k |
| Amounts receivable within one year | 40/41 | €34k |
| Cash & bank | 54/58 | €13k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €49k |
| Equity | 10/15 | €25k |
| Contributions / capital | 10/11 | €5k |
| Accumulated profits (losses) | 14 | €20k |
| Amounts payable | 17/49 | €24k |
| Amounts payable within one year | 42/48 | €24k |
| Trade debts payable within one year | 44 | €1k |
| Income statement | ||
| Gross operating margin | 9900 | €33k |
| Operating result | 9901 | €30k |
| Financial charges | 65 | €0 |
| Result before taxes | 9903 | €30k |
| Income taxes | 67/77 | €8k |
| Net result for the period | 9904 | €22k |
| Result to be appropriated | 9905 | €22k |
| NACE primary | Head offices & management consulting(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 28-03-2024 |
| Status | Active |
| Postal code | 8560 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34041C0936/00C000 | Flanders | 1,164 m² | 1 · 228 m² | 9.9 m |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
11-02-2026 Registered office moved from Kortrijk to Wevelgem
- Ronksdreef 10, 8500 Kortrijk → Guldensporenstraat 64, 8560 Wevelgem
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Wevelgem",
"region": null,
"street": "Guldensporenstraat",
"country": "BE",
"postcode": "8560",
"box_number": null,
"street_number": "64"
},
"old_address": {
"city": "Kortrijk",
"region": null,
"street": "Ronksdreef",
"country": "BE",
"postcode": "8500",
"box_number": null,
"street_number": "10"
},
"effective_date": "2025-12-23",
"evidence_quote": "De vergadering beslist dat de zetel van de vennootschap vanaf heden zal worden verplaatst van 8500 Kortrijk, Ronksdreef 10 naar 8560 Wevelgem, Guldensporenstraat 64."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "1007.744.381",
"name_full": "FIRST TRACKS",
"legal_form": "BV"
}
}02-04-2024 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "8500 Kortrijk, Ronksdreef 10",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1993-11-03",
"name": "MAELFAIT Nicolas",
"niss": null,
"address": "8500 Kortrijk, Ronksdreef 10"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 5000,
"holder_person_name": "MAELFAIT Nicolas",
"is_subscriber_only": false,
"n_shares_subscribed": 120,
"amount_subscribed_eur": 5000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 5000,
"subject_company": {
"kbo": "1007.744.381",
"name_full": "First Tracks",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2024-03-28",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | First Tracks |