Equity
FIRSTEP has made a profit in every financial year since 2010.
FIRSTEP has made a profit in every financial year since 2010.
Seven of the last ten came late. The 2017 accounts came latest: 31 days after the end of the period.
More equity than 95% of companies in construction of buildings. Sector median €45,638 · 9,474 companies.
In July 2024, 10,904 companies had the same profile as FIRSTEP has now. Each dot stands for 28 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 10,904 companies, not a prediction for FIRSTEP. 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.
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.
| Company | ||||
|---|---|---|---|---|
| FIRSTEP Oupeye | €431,639 | €33,895 | 87.1% | - |
| SOGIBAT Seraing | €504,634 | €35,766 | 18.8% | - |
| Im Brühl Amblève | €412,464 | €43,000 | 20.1% | - |
| BATI-MANDIM Sint-Pieters-Leeuw | €406,543 | €36,927 | 63.1% | - |
| INTER-BATI'RENOV Mons | €488,606 | €31,390 | 60.6% | - |
| Nox Begijnendijk | €407,005 | €35,465 | 25.5% | 0 |
| RAMON CARL Wervik | €464,211 | €32,295 | 53.1% | - |
These companies have the same main activity as FIRSTEP: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €407,000 and €505,000, founded between 2007 and 2012.
FIRSTEP files the micro format. That format states no turnover. The gross margin rose from €18,838 in 2010 to €33,895 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.
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