FirstClass
ActiveSummary
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 about 79% per year across the filed financial years. Its solvency ranks better than 7% of 8,972 sector peers (NACE 46, financial year 2024). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
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 (abbreviated or micro format)Staff (FTE) -67%: other schema
Financial health
- Bankruptcy probabilitywithin 12 months
- 13.5%
2024 figures too old to score
Structure
Accounts 173 days overdue2 of 5 deeds read
Signalsraises riskFigures for financial year 2024 (filed 17-04-2025)1 change of registered office in 24 months1 financial year not filed after the legal deadlineSize: 7.2 FTE, total assets €744,928Annual accounts not filedneutralLatest accounts filed on timeShow the evidence
Bankruptcy probability
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).
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 riskneutral
raises risk · 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, 173 days later.
NBB · 5 filingsPosition against the passed deadline
30-09-2025 year end30-04-2026 deadline20-10-2026 today
neutral · 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 filingsDeviation 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 (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
- Registered officeRegistered-office move · Amendment of…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Resignation: Bekaert Lewis (director)Director discharge
Financials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 30 April 2026 Financial year closed on 30 September 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 20 October 2026.
Equity
-€133,078▼ 146%
2023 · -€54,199
Total assets
€744,928=
2023 · €745,107
Net result
-€78,879▼ 689%
2023 · -€10,001
Working capital
-€590,980▼ 12.6%
2023 · -€524,653
Trend over the years
2020 to 2024, 5 financial years
The operating result stays negative: a loss of €82,747 in 2024 against €5,492 in 2023; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€82,747
2024
Net result-€78,879
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€744,928
2024
Equity-€133,078
2024
Debt€878,006
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€590,980
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-10.6%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-17.9%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.30
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)7.2
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20202021202220232024
Operating result€12,942-€36,574▲ 183%-€110,002-€5,492▲ 95.0%-€82,747▼ 1,407%
Net result€11,705within the sector's middle half-€35,487above the sector's middle half▲ 203%-€111,390below the sector's middle half-€10,001below the sector's middle half▲ 91.0%-€78,879below the sector's middle half▼ 689%
Equity€31,705within the sector's middle half-€67,193within the sector's middle half▲ 112%-€44,198below the sector's middle half-€54,199below the sector's middle half▼ 22.6%-€133,078below the sector's middle half▼ 146%
Total assets€283,151within the sector's middle half-€337,363within the sector's middle half▲ 19.1%€806,862above the sector's middle half▲ 139%€745,107above the sector's middle half▼ 7.7%€744,928within the sector's middle half=
Debt€251,446-€270,170▲ 7.4%€851,060▲ 215%€799,305▼ 6.1%€878,006▲ 9.8%
Working capital-€103,791below the sector's middle half--€79,054below the sector's middle half▲ 23.8%-€524,593below the sector's middle half▼ 564%-€524,653below the sector's middle half=-€590,980below the sector's middle half▼ 12.6%
Solvency11.2%within the sector's middle half-19.9%within the sector's middle half▲ 8.7pp-5.5%below the sector's middle half▼ 25.4pp-7.3%below the sector's middle half▼ 1.8pp-17.9%below the sector's middle half▼ 10.6pp
Current ratio0.46below the sector's middle half-0.65below the sector's middle half▲ 0.190.32below the sector's middle half▼ 0.330.29below the sector's middle half▼ 0.030.30below the sector's middle half▲ 0.01
Return on assets (ROA)4.1%within the sector's middle half-10.5%within the sector's middle half▲ 6.4pp-13.8%below the sector's middle half▼ 24.3pp-1.3%within the sector's middle half▲ 12.5pp-10.6%below the sector's middle half▼ 9.2pp
Staff (FTE)6.1above the sector's middle half-8.5▲ 39.3%22.7▲ 167%22.1▼ 2.6%7.2within the sector's middle half▼ 67.4%
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Why a figure moved sharply
- 2024 Staff (FTE) -67% on 2023. The accounts now follow the abbreviated format, last year the micro format.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €744,928
Fixed assets
€489,120 ▼ 7.5%
Current assets
€255,808 ▲ 18.3%
Equity and liabilities
Equity-€133,078
Debt€878,006
Equity is negative: debt (€878,006) exceeds the balance-sheet total (€744,928).
Key figures and ratios
EBITDA
-€9,396▼
2023 · €62,967
Cash flow
-€5,529▼
2023 · €58,458
Quick ratio
0.24▲
2023 · 0.18
Interest coverage
-2.39▼
2023 · 13.40
Debt ≤ 1 year
€846,788▲
2023 · €740,868
Debt > 1 year
€30,521▼
2023 · €58,437
Income taxes
€5▲
2023 · €0
Staff costs
€107,064▼
2023 · €156,700
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,464 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | €248,382 | €156,700 | €107,064 | ▼ 31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,527 | €38,755 | €56,229 | €68,459 | €73,350 | ▲ 7.1% |
| Other operating charges640/8 | - | - | €2,460 | €3,723 | €3,543 | ▼ 4.8% |
| Gross operating margin9900 | €73,255 | €172,296 | €197,070 | €223,390 | €101,210 | ▼ 54.7% |
| Operating profit (loss)9901 | €12,942 | €36,574 | -€110,002 | -€5,492 | -€82,747 | ▼ 1,407% |
| Financial income75/76B | - | - | €314 | €189 | €7,801 | ▲ 4,033% |
| Recurring financial income75 | - | €78 | €314 | €189 | €7,801 | ▲ 4,033% |
| Financial charges65/66B | - | - | €1,700 | €4,698 | €3,929 | ▼ 16.4% |
| Recurring financial charges65 | €1,237 | €1,164 | €1,700 | €4,698 | €3,929 | ▼ 16.4% |
| Profit (loss) for the period before taxes9903 | €11,705 | €35,488 | -€111,388 | -€10,001 | -€78,874 | ▼ 689% |
| Income taxes67/77 | - | €1 | €2 | €0 | €5 | - |
| Profit (loss) for the period9904 | €11,705 | €35,487 | -€111,390 | -€10,001 | -€78,879 | ▼ 689% |
| Profit (loss) for the period to be appropriated9905 | €11,705 | €35,487 | -€111,390 | -€10,001 | -€78,879 | ▼ 689% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €283,151 | €337,363 | €806,862 | €745,107 | €744,928 | = |
| Fixed assets21/28 | €195,187 | €189,216 | €557,020 | €528,892 | €489,120 | ▼ 7.5% |
| Tangible fixed assets22/27 | €188,587 | €189,216 | €556,850 | €528,562 | €488,790 | ▼ 7.5% |
| Plant, machinery and equipment23 | - | - | €203,860 | €177,460 | €138,918 | ▼ 21.7% |
| Furniture and vehicles24 | - | - | €31,502 | €22,245 | €12,988 | ▼ 41.6% |
| Leasing and similar rights25 | - | - | - | €22,629 | €17,571 | ▼ 22.4% |
| Other tangible fixed assets26 | - | - | €321,489 | €306,228 | €319,313 | ▲ 4.3% |
| Financial fixed assets28 | €6,600 | - | €170 | €330 | €330 | = |
| Current assets29/58 | €87,964 | €148,146 | €249,842 | €216,215 | €255,808 | ▲ 18.3% |
| Stocks and contracts in progress3 | €26,103 | €49,378 | €87,627 | €82,251 | €55,306 | ▼ 32.8% |
| Stocks30/36 | - | - | €87,627 | €82,251 | €55,306 | ▼ 32.8% |
| Amounts receivable within one year40/41 | €10,702 | €20,685 | €11,538 | €32,503 | €91,824 | ▲ 183% |
| Trade receivables40 | - | - | €9,517 | €32,503 | €91,572 | ▲ 182% |
| Other amounts receivable41 | - | - | €2,020 | €0 | €252 | - |
| Cash at bank and in hand54/58 | €51,158 | €74,700 | €115,461 | €63,330 | €56,294 | ▼ 11.1% |
| Deferred charges and accrued income490/1 | - | - | €35,216 | €38,131 | €52,384 | ▲ 37.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €283,151 | €337,363 | €806,862 | €745,107 | €744,928 | = |
| Equity10/15 | €31,705 | €67,193 | -€44,198 | -€54,199 | -€133,078 | ▼ 146% |
| Contributions10/11 | - | - | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €11,705 | €47,193 | €0 | - | - | - |
| Distributable reserves133 | - | - | €0 | - | - | - |
| Profit (loss) carried forward14 | - | - | -€64,198 | -€74,199 | -€153,078 | ▼ 106% |
| Amounts payable17/49 | €251,446 | €270,170 | €851,060 | €799,305 | €878,006 | ▲ 9.8% |
| Amounts payable after more than one year17 | €59,691 | €42,970 | €76,625 | €58,437 | €30,521 | ▼ 47.8% |
| Financial debts170/4 | - | - | €76,625 | €58,437 | €30,521 | ▼ 47.8% |
| Amounts payable within one year42/48 | €191,755 | €227,200 | €774,435 | €740,868 | €846,788 | ▲ 14.3% |
| Current portion of amounts payable after more than one year42 | - | - | €30,689 | €35,878 | €27,917 | ▼ 22.2% |
| Trade debts44 | €14,099 | €8,230 | €84,196 | €45,367 | €66,786 | ▲ 47.2% |
| Suppliers440/4 | - | - | €84,196 | €45,367 | €66,786 | ▲ 47.2% |
| Advances received on contracts in progress46 | - | - | - | - | €80,131 | - |
| Taxes, remuneration and social security45 | - | - | €28,747 | €39,794 | €27,625 | ▼ 30.6% |
| Taxes450/3 | - | - | - | €20,051 | €16,964 | ▼ 15.4% |
| Remuneration and social security454/9 | - | - | €28,747 | €19,743 | €10,661 | ▼ 46.0% |
| Other amounts payable47/48 | - | - | €630,803 | €619,830 | €644,330 | ▲ 4.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €697 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,705 | €35,487 | -€111,390 | -€10,001 | -€78,879 | ▼ 689% |
| + Depreciation and write-downs630 | €17,527 | €38,755 | €56,229 | €68,459 | €73,350 | ▲ 7.1% |
| Operating cash flow (approximation) | €29,232 | €74,242 | -€55,161 | €58,458 | -€5,529 | - |
| Investment in fixed assets (approximation) | - | -€32,784 | -€424,034 | -€40,330 | -€33,579 | ▲ 16.7% |
| Change in cash | - | €23,542 | €40,762 | -€52,131 | -€7,036 | ▲ 86.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2024 | abbreviated format | 17-04-2025 | 2025-00071008 |
| 30-09-2023 | micro format | 29-04-2024 | 2024-00076728 |
| 30-09-2022 | micro format | 27-04-2023 | 2023-00068590 |
| 30-09-2021 | micro format | 28-03-2022 | 2022-08800300 |
| 30-09-2020 | micro format | 29-03-2021 | 2021-08900067 |
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Of the 950 active companies whose main activity is wholesale of fruit and vegetables, excluding potatoes (NACE 46319), figures are known for 611. 276 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 2 of 5 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2025
29-09
Gazette deed
Registered officeRegistered-office move · Amendment of the articles · Power of attorney5 facts ▸
Gazette deed
Registered office
Registered-office move · Amendment of the articles · Power of attorney5 facts ▸
- General meeting, 24-09-2025
- Registered-office move, 8790 Waregem, Zultseweg 234
- Amendment of the articles
- Power of attorney, Joost EEMAN
- Other provision, “stemming, eenparigheid van stemmen” (deed in Dutch)
17-04
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format
08-04
Gazette deed
Resignation: Bekaert Lewis (director)Director discharge3 facts ▸
Gazette deed
Resignation: Bekaert Lewis (director)
Director discharge3 facts ▸
- General meeting, 31-01-2025
- Director resignation, Bekaert Lewis (director (not named in the articles))
- Director discharge, Bekaert Lewis
2024
29-04
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
27-04
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
30-09
Financial
Weakest financial yearnet -€111,390
Net result drops to -€111,390, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
30-09
Financial
Highest result from 2020 to 2024net €35,487 ▲203%
Operating result €36,574, net result €35,487, both a record.
29-03
NBB filing
Annual accounts filed
financial year 2020 · micro format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
2 of 5 deeds read
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded26-02-2020
Financial year end30-09
Activities, NACEBEL 2025
46319Wholesale of fruit and vegetables, excluding potatoes
56111Full-service restaurants
46321Wholesale of meat and meat products, excluding game and poultry
47210Retail sale of fruit and vegetables
55100Hotels and similar accommodation
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0744470545
Also
9925:BE0744470545
Registered
23-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaregemunit no. 2.330.219.815
Environmental permits
1 application in Flanders since 2020 · 1 granted
Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2022
Ground area
8,492 m²
Building footprint
2,172 m²
Building volume
11,268 m³
2 parcels, Flanders · tallest building 8.7 m. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Bar'botte
since 2022unit no. 2.330.219.815
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34452B0470/00M000 | Flanders | 7,370 m² | 1 · 1,933 m² | 8.7 m · 2 |
| 34452A0345/00C000 | Flanders | 1,122 m² | 1 · 239 m² | 6.7 m · 1 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 September to 31 August
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of February at 14:00