FirstMate
ActiveSummary
The computed 12-month bankruptcy probability of FirstMate is 2.0% (moderate). The 2025 annual accounts show negative equity (-€78,248) and a net result of -€90,248. Its solvency ranks better than 8% of 21,059 sector peers (NACE 62, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Computer programming
NACE 62100
1 site
Size
€648,761total assets 2025
- Staff
- 0.3 FTE
- Equity
- -€78,248
- Loss
- -€90,248
Turnover not published (micro format)
Why 53raises risk2 changes of registered office in 24 monthsNegative equity -€78,248lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 7.73, cash €571,649Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 36% of its sector peers (NACE 62, micro)
Financial strength
Weak
Solvency
13
equity -12.1% of total assets
Liquidity
98
short-term debt 12.6% · cash 88.1%
Profitability
1
return on assets -13.9%
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
10-2025: 0.7%lowest value
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.8%▲ +0.1 percentage points vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.9%▲ +0.1 percentage points vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 1.0%▲ +0.1 percentage points vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.9%▲ +0.9 percentage points vs 07-2026
09-2026: 2.0%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 2.0%● unchanged vs 09-2026highest value
No credit on open account
Liquidity ample (current ratio 7.73, above the usual 1.5; short-term debt: 12.6% and cash: 88.1% of total assets), but equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 62, micro): better than 7% on solvency, 90% on liquidity and 11% on profitability.
The bankruptcy probability was computed on 22-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
23 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
- Registered officeRegistered-office move · Power of…
- Annual accounts filedfinancial year 2025 · micro…
- Resignation: Desyco (niet statutair benoemd bestuurder)Permanent representatives: Vincent Declerca and…
Financials · financial year 2025, micro format
Equity
-€78,248
Total assets
€648,761
Net result
-€90,248
Working capital
€551,989
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
Assets €648,761
Fixed assets
€14,763
Current assets
€633,999
Equity and liabilities
Equity-€78,248
Debt€727,010
Equity is negative: debt (€727,010) exceeds the balance-sheet total (€648,761).
Key figures and ratios
EBITDA
-€90,941
Cash flow
-€89,112
Solvency
-12.1%
Current ratio
7.73
ROA
-13.9%
Interest coverage
-204.37
Debt
€727,010
Debt ≤ 1 year
€82,010
Debt > 1 year
€645,000
Staff costs
€8,318
No debt to equity: equity is negative, so debt divided by equity means nothing.
Peer companies
Historical observationOf the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.8% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
8.8%
went bankrupt
5.6%
stopped otherwise
84.8%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €8,318 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,136 |
| Other operating charges640/8 | €1,184 |
| Gross operating margin9900 | -€81,439 |
| Operating profit (loss)9901 | -€92,078 |
| Financial income75/76B | €2,274 |
| Recurring financial income75 | €2,274 |
| Financial charges65/66B | €445 |
| Recurring financial charges65 | €445 |
| Profit (loss) for the period before taxes9903 | -€90,248 |
| Profit (loss) for the period9904 | -€90,248 |
| Profit (loss) for the period to be appropriated9905 | -€90,248 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €648,761 | |
| Fixed assets21/28 | €14,763 | |
| Intangible fixed assets21 | €13,380 | |
| Tangible fixed assets22/27 | €1,383 | |
| Furniture and vehicles24 | €1,383 | |
| Current assets29/58 | €633,999 | |
| Amounts receivable within one year40/41 | €61,623 | |
| Trade receivables40 | €49,978 | |
| Other amounts receivable41 | €11,645 | |
| Current investments50/53 | €727 | |
| Cash at bank and in hand54/58 | €571,649 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €648,761 | |
| Equity10/15 | -€78,248 | |
| Contributions10/11 | €12,000 | |
| Profit (loss) carried forward14 | -€90,248 | |
| Amounts payable17/49 | €727,010 | |
| Amounts payable after more than one year17 | €645,000 | |
| Financial debts170/4 | €645,000 | |
| Amounts payable within one year42/48 | €82,010 | |
| Trade debts44 | €78,826 | |
| Suppliers440/4 | €78,826 | |
| Taxes, remuneration and social security45 | €3,184 | |
| Remuneration and social security454/9 | €3,184 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€90,248 |
| + Depreciation and write-downs630 | €1,136 |
| Operating cash flow (approximation) | -€89,112 |
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 (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 08-07-2026 | 2026-00267050 |
Similar companies · same sector and region
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 16,989 active companies whose main activity is computer programming (NACE 62100), figures are known for 8,925. See the whole sector
Subsidies and aid
Flemish government
2024 to 2025 · 5 entries · €422,547 awarded · €204,000 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 4 | €372,547 | €179,000 |
| 2024 | 1 | €50,000 | €25,000 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, no change since 2025
Board 2
7 OKTOBER
CurrentDirector (not named in the articles) · since 18-09-2024 · Private limited company · permanent representative: DECLERCQ Vincent Jan Joris
WVL
CurrentDirector (not named in the articles) · since 18-09-2024 · Private limited company · permanent representative: VAN LAER Ward Marcel Ilke
Permanent representatives 2
DECLERCQ Vincent Jan Joris
CurrentPermanent representative · since 18-09-2024 · for 7 OKTOBER
VAN LAER Ward Marcel Ilke
CurrentPermanent representative · since 18-09-2024 · for WVL
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Mandate history
3 people since 2024, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| 7 OKTOBER |
|
| WVL |
|
| DESYCO |
|
Owners and capital
Capital and shareholders
Shareholders according to the deeds
At incorporation
act of 18-09-2024 ↗
- WILMS Jochen 4,000 shares (33.3%) · €4,000 in cash
- VAN LAER Ward Marcel Ilke 4,000 shares (33.3%) · €4,000 in cash
- DECLERCQ Vincent Jan Joris 4,000 shares (33.3%) · €4,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 18-09-2024 Incorporation · 12,000 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
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History
Acts, filings and financial milestones
2026
29-07
Gazette deed
Registered officeRegistered-office move · Power of attorney4 facts ▸
Gazette deed
Registered office
Registered-office move · Power of attorney4 facts ▸
- General meeting, 19-06-2026
- Registered-office move, 9000 Gent, Korianderstraat 2 bus G
- Board meeting, “9000 Gent, Korianderstraat 2G” (deed in Dutch)
- Power of attorney, Vic Vandeweyer
08-07
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
01-08
Gazette deed
Resignation: Desyco (niet statutair benoemd bestuurder)Permanent representatives: Vincent Declerca and Ward Van Laer · Director discharge · Registered-office move9 facts ▸
Gazette deed
Resignation: Desyco (niet statutair benoemd bestuurder)
Permanent representatives: Vincent Declerca and Ward Van Laer · Director discharge · Registered-office move9 facts ▸
- General meeting, 28-02-2025
- Director resignation, Desyco (niet statutair benoemd bestuurder)
- Director discharge, Desyco
- Board meeting, 21-05-2025
- Registered-office move, 9000 Gent,Sint Pietersnieuwstraat 11
- Director in office, 7 Oktober BV (director)
- Director in office, WVL BV (director)
- Permanent representative, Vincent Declerca
- Permanent representative, Ward Van Laer
2024
18-09
Gazette deed
IncorporationAppointments: DESYCO, 7 OKTOBER and WVL BV · Permanent representatives: WILMS Jochen, DECLERCQ Vincent Jan Joris and VAN LAER Ward Marcel Ilke · Founder13 facts ▸
Gazette deed
Incorporation
Appointments: DESYCO, 7 OKTOBER and WVL BV · Permanent representatives: WILMS Jochen, DECLERCQ Vincent Jan Joris and VAN LAER Ward Marcel Ilke · Founder13 facts ▸
- Incorporation, 16-09-2024
- Founder, WILMS Jochen
- Founder, VAN LAER Ward Marcel Ilke
- Founder, DECLERCQ Vincent Jan Joris
- Board rule, 3
- Director appointment, DESYCO (director (not named in the articles))
- Director appointment, 7 OKTOBER (director (not named in the articles))
- Director appointment, WVL BV (director (not named in the articles))
- Permanent representative, WILMS Jochen
- Permanent representative, DECLERCQ Vincent Jan Joris
- Permanent representative, VAN LAER Ward Marcel Ilke
- Declaration, 16-09-2024 (3 times)
- +1 further fact in this act
Gazette deedNBB filing
3 of 3 deeds read
Register details
Identification
Legal formPrivate limited company
Founded16-09-2024
Financial year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:1013628620
Also
9925:BE1013628620
Registered
16-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2024
Ground area
236 m²
Building footprint
236 m²
Building volume
5,315 m³
Parcel 44805E0288/00K002, Flanders · tallest building 25.8 m. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Dalton
since 2024unit no. 2.364.049.455
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44805E0288/00K002 | Flanders | 236 m² | 1 · 236 m² | 25.8 m · 8 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
1 of these parcels carries protected heritage: expect extra rules on renovation or sale.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Softwareontwikkeling die automatisering toepast om de efficiëntie van softwareprocessen te verbeteren; De aankoop en verkoop van computer…” (deed in Dutch)
16 activities (deed in Dutch)
- Softwareontwikkeling die automatisering toepast om de efficiëntie van softwareprocessen te verbeteren
- De aankoop en verkoop van computer hardware, software, telecommunicatie- en multimedia-apparatuur en bijhorigheden. De handel onder al zijn vormen (groot- en kleinhandel, aan- en verkoop, import en export, vertegenwoordiging, makelarij, commissie, ...) van alle computerprogramma’s (software), computersystemen en randapparatuur (hardware) en informatiedragers allerhande
- Projectbegeleiding, consultancy, opstellen van visuele analyses, softwareontwikkeling, netwerkbeheer en web-toepassingen
- Optimalisatie van algemene bedrijfs- en productieprocessen
- Het optreden als studie-, organisatie- en raadgevend bureau in informatica
- Het laten maken onder licentie of het vervaardigen van volledige computersystemen, randapparatuur en informatiedragers of delen ervan
- Freelance IT-management
- Het beheer, de instandhouding en valorisatie van een onroerend patrimonium, met inbegrip van het onderhoud, de verbouwing en bebouwing ervan. Dit omvat onder meer de aankoop, het bouwen, oprichten, uitrusten, ombouwen en verhuren, met het oog op beheer en opbrengst, alsmede zich borg stellen voor het goede verloop van verbintenissen door derde personen aangegaan
- Het beleggen van beschikbare middelen in roerende goederen en waarden; het verwerven, te gelde maken, inbrengen, afstaan en verhandelen door uitgiften of andere middelen van alle soorten marktwaarden, aandelen of obligaties, van participaties of belangen onder gelijk welke vorm in Belgische of buitenlandse vennootschappen, bestaande of op te richten, dit alles voor zover als wettelijk toegelaten
- Het verlenen van dienstprestaties van economische aard, zowel in eigen beheer als in deelname met derden; daartoe behoren techno-consult, assistentie op gebied van engineering, technisch, commercieel, administratief en financieel beheer en advies
- Het verlenen van diensten en adviezen aan natuurlijke en rechtspersonen met betrekking tot het beheer van bedrijven in de meest ruime betekenis van het woord, waaronder onder andere advies inzake algemeen management, marketing, financieel en commercieel beleid, personeelsbeleid en al wat daarmede rechtstreeks of onrechtstreeks verband houdt
- De vennootschap kan persoonlijke of zakelijke borgen stellen in het voordeel van derden, zowel aandeelhouders, bestuurders als loutere derden, evenals hen leningen, voorschotten en kredieten toestaan, met respect voor de wettelijke beperkingen
- Het verwerven en realiseren van opdrachten die betrekking hebben op het inzetten van software (al dan niet 'machine learning' gebaseerd) en/of hardware met als doelstelling de optimalisatie, automatisering en/of mechanisering van een proces (e.g., industrieel proces, manueel proces/handeling in alle sectoren, interpretatie en redeneer proces in de breedste zin, ...)
- Het ontwerpen, engineeren, bouwen, leveren, installeren en servicen van projecten voor opdrachtgevers. Alle activiteiten die voortvloeien uit of in verband kunnen gebracht worden met hetgeen voorafgaat; - Het laten maken onder licentie of het ontwikkelen, ontwerpen en vervaardigen van software, computersystemen, randapparatuur en informatiedragers of delen ervan
- Het besturen van vennootschappen en verenigingen, met name de deelname aan en de bijstand bij het beheer, bestuur en management van vennootschappen, ongeacht hun voorwerp en activiteit, via de uitoefening van de functie van bestuurder, gedelegeerd-bestuurder, directeur, directeur-generaal, manager, en van alle topfuncties die door de vennootschap op grond van een overeenkomst aan een zelfstandige manager kunnen worden uitbesteed
- De vennootschap kan haar geldmiddelen beleggen in roerende of onroerende goederen. Zij mag, hetzij alleen, hetzij met anderen, rechtstreeks of onrechtstreeks, voor haar rekening of voor rekening van derden, alle roerende, onroerende of financiële handelingen verrichten die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp of die kunnen bijdragen tot de ontwikkeling ervan
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- FirstMate
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, 2100, Deurne, Unitaslaan 81” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, één of meer bestuurders, natuurlijke personen of rechtspersonen, al dan niet aandeelhouder” (deed in Dutch)“Onbepaalde duur, niet-statutaire bestuurder herroepbaar ad nutum” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- 2 provisions in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Thursday of May at 18:00
- Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
- “E-mail, agenda” (deed in Dutch)
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Iedere persoon kan verzaken aan de oproeping, als regelmatig opgeroepen beschouwd als aanwezig of vertegenwoordigd” (deed in Dutch)
- Written decisionsDecisions without a meeting, when everyone involved agrees in writing.
- “Alle besluiten die tot de bevoegdheid van de algemene vergadering behoren, eenparig” (deed in Dutch)3 more provisions on this in the deed