FUTURE FIRST
ActiveSummary
FUTURE FIRST has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,418 and a net result of €6,132. Its solvency ranks better than 54% of 22,817 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 05-10-2023 Normal situation
- Activity
- Retail sale of pets, pet food and pet supplies NACE 47762and 3 others
- Establishment unit
- 2.350.714.628 8791 Waregem, since 05-10-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Board and ownership
- LEVRAU GauthierDirector
- LEVRAU Gauthierfounderdeed of 09-10-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €19,661
- ▼ 47.4%
- Turnover
- ≈ €210,000
- estimated
- Profit
- €6,132
- ▼ 65.5%
- Equity
- €36,418
- ▲ 20.2%
- Total assets
- €97,107
- ▲ 8.8%
- 2025 accounts filed 29 days after the deadline
Score breakdownraises riskFounded in 2023Last filed accounts filed 29 days lateSize: total assets €97,107lowers riskLiquidity: current ratio 1.68, cash €60,177Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 53% of them on solvency, 84% on liquidity, 65% on profitability and 73% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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
The company filed its last 2 accounts on average 19 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 29 days after the deadline Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00450234.
Annual accounts 2025 filed on 29-08-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 62% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €47,460 | - |
| Intangible fixed assets | €2,307 | - |
| Depreciation and write-downs of the year | €11,910 | €9,953 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,910 | €9,953 | ▼ 16.4% |
| Other operating charges640/8 | €789 | €328 | ▼ 58.5% |
| Gross operating margin9900 | €37,368 | €19,661 | ▼ 47.4% |
| Operating profit (loss)9901 | €24,669 | €9,380 | ▼ 62.0% |
| Financial income75/76B | €0 | €0 | ▲ 94.4% |
| Recurring financial income75 | €0 | €0 | ▲ 94.4% |
| Financial charges65/66B | €2,085 | €1,529 | ▼ 26.6% |
| Recurring financial charges65 | €2,085 | €1,529 | ▼ 26.6% |
| Profit (loss) for the period before taxes9903 | €22,585 | €7,851 | ▼ 65.2% |
| Income taxes67/77 | €4,799 | €1,718 | ▼ 64.2% |
| Profit (loss) for the period9904 | €17,786 | €6,132 | ▼ 65.5% |
| Profit (loss) for the period to be appropriated9905 | €17,786 | €6,132 | ▼ 65.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €89,232 | €97,107 | ▲ 8.8% |
| Fixed assets21/28 | €37,857 | €27,904 | ▼ 26.3% |
| Intangible fixed assets21 | €1,787 | €1,326 | ▼ 25.8% |
| Tangible fixed assets22/27 | €36,069 | €26,577 | ▼ 26.3% |
| Furniture and vehicles24 | €36,069 | €26,577 | ▼ 26.3% |
| Current assets29/58 | €51,375 | €69,203 | ▲ 34.7% |
| Stocks and contracts in progress3 | €7,964 | €6,884 | ▼ 13.6% |
| Stocks30/36 | €7,964 | €6,884 | ▼ 13.6% |
| Amounts receivable within one year40/41 | €11,585 | €1,967 | ▼ 83.0% |
| Trade receivables40 | €9,710 | €185 | ▼ 98.1% |
| Other amounts receivable41 | €1,875 | €1,782 | ▼ 4.9% |
| Cash at bank and in hand54/58 | €31,655 | €60,177 | ▲ 90.1% |
| Deferred charges and accrued income490/1 | €171 | €176 | ▲ 3.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €89,232 | €97,107 | ▲ 8.8% |
| Equity10/15 | €30,286 | €36,418 | ▲ 20.2% |
| Contributions10/11 | €12,500 | €12,500 | = |
| Profit (loss) carried forward14 | €17,786 | €23,918 | ▲ 34.5% |
| Amounts payable17/49 | €58,946 | €60,688 | ▲ 3.0% |
| Amounts payable after more than one year17 | €25,713 | €16,977 | ▼ 34.0% |
| Financial debts170/4 | €25,713 | €16,977 | ▼ 34.0% |
| Amounts payable within one year42/48 | €33,234 | €41,312 | ▲ 24.3% |
| Current portion of amounts payable after more than one year42 | €8,385 | €8,736 | ▲ 4.2% |
| Trade debts44 | €525 | €99 | ▼ 81.1% |
| Suppliers440/4 | €525 | €99 | ▼ 81.1% |
| Taxes, remuneration and social security45 | €4,833 | €1,058 | ▼ 78.1% |
| Taxes450/3 | €4,833 | €1,058 | ▼ 78.1% |
| Other amounts payable47/48 | €19,491 | €31,418 | ▲ 61.2% |
| Accrued charges and deferred income492/3 | - | €2,400 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €17,786 | €6,132 | ▼ 65.5% |
| + Depreciation and write-downs630 | €11,910 | €9,953 | ▼ 16.4% |
| Operating cash flow (approximation) | €29,696 | €16,086 | ▼ 45.8% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €28,522 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as FUTURE FIRST has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FUTURE FIRST itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for FUTURE FIRST. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- LEVRAU Gauthier €12,500
Capital transactions
- 09-10-2023 Incorporation · €12,500
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, deelnemers via medium geacht aanwezig voor aanwezigheid en meerderheid”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Elke overdracht of overgang,onder bijzondere of algemene titel,onder bezwarende titel of om niet,onder levenden of bij overlijden…”
Articles of association, deed of 09-10-2023 (in Dutch)
Network & group
FUTURE FIRST shares no director with another company.
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of FUTURE FIRST. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
09-10
Gazette deed
IncorporationFounding capital of €12,500 · Founder: LEVRAU Gauthier · Appointment: LEVRAU Gauthier (statutory director)4 points ▸
- Incorporation, 04-10-2023
- Founder, LEVRAU Gauthier
- Founding capital, €12,500
- Director appointment, LEVRAU Gauthier (statutory director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
FUTURE FIRST was incorporated on 5 October 2023 as a private limited company by one natural person, with a starting capital of €12,500.12 LEVRAU Gauthier is statutory director of the company, appointed by deed of 09-10-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
6 activities
- Import, export, commissiehandel en handel van alle consumptiegoederen, grondstoffen en fabricaten, hetzij voor eigen rekening hetzij voor rekening van derden opdrachtgevers.
- Het verkrijgen door aankoop in volle eigendom, in blote eigendom of in tijdelijk vruchtgebruik of anderszins, verkopen, ruilen, verbeteren, uitrusten, verbouwen, belasten met, beschikken over, productief maken, het verhuren en in huur nemen van alle onroerende goederen zowel in België als in het buitenland dus in het algemeen alle onroerende verrichtingen.
- De inkoop en verkoop van goederen voor consumptiedoeleinden, in het bijzonder goederen voor de gezondheid en welzijn van dieren.
- De inkoop en verkoop van dierenvoeding, in het bijzonder van larven en maden.
- Het leveren van diensten, het geven van adviezen, het maken van studies, het voorbereiden en op gang brengen van organisatiesystemen, en alle technieken in verband met het technisch, administratief, economisch en algemeen beheer van ondernemingen.
- Het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, knowhow en aanverwante immatrieële duurzame activa. Het onderzoek, de ontwikkeling, de vervaardiging of commercialisering van nieuwe producten, nieuwe vormen van technologie en hun toepassingen.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34006A0360/00D000 | Flanders | 2,014 m² | 1 · 276 m² | 10.3 m · 2 |