FirstClass

Active

Private limited companyfounded 20206 years activeZultseweg 234, 8790 Waregem, BelgiumKBO/BCE: BE 0744.470.545

Summary

The computed 12-month bankruptcy probability of FirstClass is 13.5% (high). For FirstClass, one filing cycle of the annual accounts is missing. The 2024 annual accounts show negative equity (-€133,078) and a net result of -€78,879. Equity is shrinking by ~79% per year across the filed fiscal years. Its solvency ranks better than 7% of 9,089 sector peers (NACE 46, fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

FirstClassActive

Risk analysis Report Compare

Activity

Wholesale of fruit and vegetables, excluding potatoes

NACE 46319Full-service restaurants NACE 56111

1 site

Size

€744,928total assets 2024

Staff: 7.2 FTE
Equity: -€133,078
Loss: -€78,879

Turnover not published (abridged schema)Staff (FTE) -67%: other schema

Financial health

Bankruptcy probability, 12 months: 13.5%

2024 figures too old to score

Structure

Accounts 160 days overdue0 of 5 deeds read

Signals- Figures for FY 2024 (filed 17-04-2025)- 1 change of registered office in 24 months- 1 financial year not filed after the legal deadline- Size: 7.2 FTE, total assets €744,928- Annual accounts not filedLatest accounts filed on timeShow the evidence

Checked score

No current score

Figures too old

The available figures for FY 2024 are too old to assess current financial health.

Bankruptcy probability: High

Filing: One filing cycle is missing

Financial strength, FY 2024 · tick = 2023

Weak

Solvency 7-11

equity -17.9% of total assets

Liquidity 9-2

short-term debt 113.7% · cash 7.6%

Profitability 6-61

return on assets -10.6%

Bankruptcy probability, 12 months

13.5% High

0%0.5%1.5%4%10%≥ 25%

About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,858 companies)

Last 24 months 11-2024: 0.7%lowest value 12-2024: 0.7%● unchanged vs 11-2024lowest value 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.8%▲ +0.1 percentage points vs 01-2025 03-2025: 0.9%▲ +0.1 percentage points vs 02-2025 04-2025: 0.9%● unchanged vs 03-2025 05-2025: 2.7%▲ +1.8 percentage points vs 04-2025 06-2025: 2.8%▲ +0.1 percentage points vs 05-2025 07-2025: 2.8%● unchanged vs 06-2025 08-2025: 2.8%● unchanged vs 07-2025 09-2025: 2.9%▲ +0.1 percentage points vs 08-2025 10-2025: 4.5%▲ +1.6 percentage points vs 09-2025 11-2025: 4.5%● unchanged vs 10-2025 12-2025: 4.5%● unchanged vs 11-2025 01-2026: 4.9%▲ +0.4 percentage points vs 12-2025 02-2026: 5.6%▲ +0.7 percentage points vs 01-2026 03-2026: 5.4%▼ -0.2 percentage points vs 02-2026 04-2026: 5.8%▲ +0.4 percentage points vs 03-2026 05-2026: 6.8%▲ +1.0 percentage point vs 04-2026 06-2026: 8.4%▲ +1.6 percentage points vs 05-2026 07-2026: 11.7%▲ +3.3 percentage points vs 06-2026 08-2026: 11.8%▲ +0.1 percentage points vs 07-2026 09-2026: 12.2%▲ +0.4 percentage points vs 08-2026 10-2026: 13.5%▲ +1.3 percentage points vs 09-2026highest value

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Signals

Six signals.

+raises risk○neutral

Figures for FY 2024 (filed 17-04-2025)

NBB · annual accounts

1 change of registered office in 24 months

Belgian State Gazette

1 financial year not filed after the legal deadline

NBB · filings

Size: 7.2 FTE, total assets €744,928

The company's size counts in the probability; how much depends on the rest of its profile.

NBB · annual accounts

Annual accounts not filed

The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 160 days later.

NBB · 5 filings

Position against the passed deadline

30-09-2025 close30-04-2026 deadline07-10-2026 today

Latest accounts filed on time

The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 17-04-2025, 13 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not filed

2024

13 days early

2023

1 day early

2022

3 days early

2021

33 days early

2020

32 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)

No strike-offs in the KBO publications

Checked from 2021 on.

KBO publications · our coverage

17-04-2025 Annual accounts filedfiscal year 2024 · abbreviated…
29-04-2024 Annual accounts filedfiscal year 2023 · micro…
27-04-2023 Annual accounts filedfiscal year 2022 · micro…

Key points

Risk: Accounts not fileddeadline was 30-04-2026 160 days late View
Risk: Negative equityfiscal year 2024: debts exceed assets -€133,078 View
Risk: 3 loss-making years in a rowloss fiscal year 2024 -€78,879 View
Caution: Result fell in 2024from -€10,001 to -€78,879 ▼ 689% View
Caution: Among the weakest 5% on equitysector median €489,544 · 9,093 companies -€133,078 View