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FIRST TRANSMISSION

Active
Private limited companyfounded 1993active for 33 yearsExcelsiorlaan 10, 1930 Zaventem, BelgiumKBO/BCE: BE 0449.625.583

From the official registers: KBO 31 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

FIRST TRANSMISSION has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77,645 and a net result of €43,312. Equity has been growing by about 146% per year since 2019. Its solvency ranks better than 94% of 58 sector peers (NACE 17, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

KBO
Status
Active since 08-03-1993 Normal situation
Registered office
119 active companies are registered at this address 20 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity
Manufacture of paper and paper products NACE 17250
Establishment unit
2.061.536.347 1080 Sint-Jans-Molenbeek, since 01-04-1993
Financial year end
31 March
Peppol
Reachable since 07-01-2026

Board and ownership

Financial position

98 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts to 31-03-2025
Gross margin
€52,873
▼ 37.7%
Turnover
≈ €150,000
estimated
Profit
€43,312
▼ 47.6%
Equity
€77,645
▲ 8.8%
Total assets
€89,361
▲ 0.5%
2026 accounts not filed, 1 day past the deadline
Filed on 14-10-2025PDF
Score breakdownraises riskSector: Manufacture of paper and paper products (NACE 17)Size: total assets €89,361lowers riskLiquidity: current ratio 7.51, cash €75,019Equity €77,645 (86.9% of total assets)Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 87% of micro companies in paper (NACE 17)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 86.9% of total assets
Liquidity 98+14
short-term debt 13.1% · cash 83.9%
Profitability 100=
return on assets 48.5%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (113 companies, NACE 17, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.4%▲ +0.1 percentage points vs 09-2025highest value 11-2025: < 0.1%▼ -0.4 percentage points vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026lowest value 06-2026: < 0.1%● unchanged vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: 0.1%▲ +0.1 percentage points vs 09-2026
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.51 (4.92 in 2024), above the usual 1.5. Short-term debt is 13.1% and cash 83.9% of total assets. 13.1% of the assets are financed with debt and provisions.
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 17, micro). It does better than 90% of them on solvency, 97% on liquidity, 96% on profitability and 64% on growth.

The bankruptcy probability was computed on 31-10-2026 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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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 7.51, cash €75,019
NBB · annual accounts
lowers risk · Equity €77,645 (86.9% of total assets)
NBB · annual accounts
raises risk · Sector: Manufacture of paper and paper products (NACE 17)
KBO
raises risk · Size: total assets €89,361
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 14-10-2025, 17 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
not filed
2025
17 days early
2024
118 days early
2023
15 days late
2022
30 days late
2021
10 days late
2020
12 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 11 days before the deadline. In the sector (NACE 17), the median for financial year 2024 was 13 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher solvency than 93% of companies in papersector median 49.9% · 58 companies 86.9% View

Comparable companies

These companies have the same main activity as FIRST TRANSMISSION: manufacture of paper and paper products (NACE 17250). They are comparable in size and age: total assets between €190,000 and €506,000, founded between 1986 and 2003.

CompanyTotal assetsGross margin
FIRST TRANSMISSION Zaventem€89,361€52,873
FLORIENT - MULLER Anderlecht€190,037€22,301
B.W. FIX Brussel€397,977€74,913
ONTWERPBURO HIL CLAESEN Genk€370,305€155,089
ATELIER FORMES ET RELIEFS Geer€226,448€130,059
SIGNCENTER Oosterzele€228,227€74,092
TRANSFOSAC Soignies€505,705€166,794
Full comparison

Documents

Key facts about FIRST TRANSMISSION

What is the company number of FIRST TRANSMISSION?
The company number of FIRST TRANSMISSION is 0449.625.583. The VAT number is the same number with BE in front: BE 0449.625.583.
Where is FIRST TRANSMISSION based?
The registered office is at Excelsiorlaan 10, 1930 Zaventem.Company details
What does FIRST TRANSMISSION do?
According to the KBO register, the main activity is manufacture of paper and paper products (NACE 17250).
What is the legal form of FIRST TRANSMISSION?
The legal form of FIRST TRANSMISSION is Private limited company (BV).
When was FIRST TRANSMISSION founded?
FIRST TRANSMISSION was founded on 08-03-1993.
Is FIRST TRANSMISSION still active?
Yes, FIRST TRANSMISSION is an active enterprise in the KBO register.
What is the turnover of FIRST TRANSMISSION?
The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €52,873 and 1,290 comparable companies of the same size. It probably lies between €91,000 and €280,000. It is a rough estimate.Financials
Is FIRST TRANSMISSION profitable?
In financial year 2025, FIRST TRANSMISSION made a profit of €43,312.
Where can I find the annual accounts of FIRST TRANSMISSION?
FIRST TRANSMISSION filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)

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