NATURAL FIRST

Active

Private limited companyfounded 20178 yrs activeAtomiumsquare 1, 1020 Brussel, BelgiumKBO/BCE: BE 0684.983.316

The computed 12-month bankruptcy probability of NATURAL FIRST is 1.5% (moderate). The 2025 annual accounts show equity of €67k and a net result of €5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 81% of 1543 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

70 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability74▲+74

Solvency93▲+6

Growth52=

Track record100

Bankruptcy probability, 12 months

1.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4.5k at 30 days acceptable

Liquidity ample (current ratio 2.92 against 2.44 in 2024; short-term debt: 31.8% and cash: 20.3% of total assets), and 31.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 10

Relative position

BE, all sectors

reference

Sector 10

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

68.2%

Return on assets

4.6%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

3 d early

2024

43 d early

2023

28 d early

2022

27 d early

2021

13 d early

2020

38 d early

2019

44 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

21-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€67k▲ 7.2%

2024 · €63k

2018: €40k 2019: €65k 2020: €84k 2021: €110k 2022: €112k 2023: €95k 2024: €63k

2018 → 2025

Total assets

€99k▼ 3.1%

2024 · €102k

2018: €112k 2019: €245k 2020: €130k 2021: €129k 2022: €124k 2023: €123k 2024: €102k

2018 → 2025

Net result

€5k

2024 · €-22k

2018: €30k 2019: €26k 2020: €18k 2021: €17k 2022: €3k 2023: €-17k 2024: €-22k

2018 → 2025

Working capital

€60k▲ 6.8%

2024 · €56k

2018: €37k 2019: €77k 2020: €89k 2021: €109k 2022: €112k 2023: €88k 2024: €56k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€110k-€112k▲ 2.5%€95k▼ 15.0%€63k▼ 34.2%€67k▲ 7.2%

Operating result€26k-€5k▼ 79.3%€-16k€-22k▼ 35.6%€5k

Net result€17k-€3k▼ 83.9%€-17k€-22k▼ 31.2%€5k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €5k after a loss of €22k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €99k

92.6%

Fixed assets €7k▲ 10.5%

Current assets €91k▼ 4.0%

Equity and liabilities €99k

68.2%

31.8%

Equity €67k▲ 7.2%

Debt €31k▼ 19.5%

The debt ratio falls from 38.3% to 31.8%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€8k▲

2024 · €-20k

Cash flow

€7k▲

2024 · €-20k

Solvency

68.2%▲

2024 · 61.7%

Current ratio

2.92▲

2024 · 2.44

Quick ratio

2.27▲

2024 · 1.65

Debt / equity

0.47▼

2024 · 0.62

ROE

6.7%▲

2024 · -35.3%

ROA

4.6%▲

2024 · -21.8%

Interest coverage

11.49▲

2024 · -49.75

Debt

€31k▼

2024 · €39k

Debt ≤ 1 year

€31k▼

2024 · €39k

Income taxes

€138▼

2024 · €171

Staff costs

€35k▲

2024 · €35k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€102k€99k▼

Fixed assets21/28€7k€7k▲

Intangible fixed assets21€3k€2k▼

Tangible fixed assets22/27€3k€4k▲

Furniture and vehicles24€3k€4k▲

Financial fixed assets28€674€674=

Current assets29/58€95k€91k▼

Stocks and contracts in progress3€31k€20k▼

Stocks30/36€31k€20k▼

Amounts receivable within one year40/41€19k€31k▲

Trade receivables40€8k€26k▲

Other amounts receivable41€11k€5k▼

Cash at bank and in hand54/58€45k€20k▼

Deferred charges and accrued income490/1€421€20k▲

Equity and liabilities

Total equity and liabilities10/49€102k€99k▼

Equity10/15€63k€67k▲

Contributions10/11€19k€19k=

Reserves13€83k€83k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€81k€81k=

Profit (loss) carried forward14€-39k€-35k▲

Amounts payable17/49€39k€31k▼

Amounts payable within one year42/48€39k€31k▼

Financial debts43€2k€0▼

Credit institutions430/8€2k€0▼

Trade debts44€17k€19k▲

Suppliers440/4€17k€19k▲

Taxes, remuneration and social security45€8k€10k▲

Taxes450/3€4k€6k▲

Remuneration and social security454/9€4k€4k▲

Other amounts payable47/48€12k€2k▼

Income statement Code20242025

Remuneration, social security and pensions62€35k€35k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲

Other operating charges640/8€2k€2k▼

Gross operating margin9900€17k€45k▲

Operating profit (loss)9901€-22k€5k▲

Financial income75/76B€194€11▼

Recurring financial income75€194€11▼

Financial charges65/66B€404€657▲

Recurring financial charges65€404€657▲

Profit (loss) for the period before taxes9903€-22k€5k▲

Income taxes67/77€171€138▼

Profit (loss) for the period9904€-22k€5k▲

Profit (loss) for the period to be appropriated9905€-22k€5k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-39k€-35k▲

Profit (loss) brought forward from the previous period14P€-17k€-39k▼

Transfer from equity791/2€11k€0▼

Profit to be distributed694/7€11k€0▼

Return on contributions (dividend)694€11k€0▼

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 5Filings 8

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Back to profitnet €5k

Net result €5k after 2 loss-making years.

18-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-22k

Net result drops to €-22k, the lowest in the series; recovery starts the following year.

03-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

04-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

18-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Liquidity doublescurrent ratio 6.69

Current ratio from 3.29 to 6.69; short-term debt falls from €39k to €19k.

31-12

Financial Equity above €100kEq €110k ▲30.8%

4 profitable years in a row build equity to €110k.

23-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Liquidity doublescurrent ratio 3.29

Current ratio from 1.46 to 3.29; short-term debt falls from €166k to €39k.

17-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

24-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 2017

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Atomiumsquare 11020 Brussel

1 establishment unit

NATURAL FIRST

Atomiumsquare 1, 1020 BrusselCrop and animal production, hunting and related service activities

since 20172.270.609.157

Similar companies · same sector, comparable size

Traiteur - Bakkerij Bollen

Of 395 companies in sector 10890 we hold annual accounts for 225. 110 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded23-11-2017

Fiscal year end31-12

Activities, NACEBEL

10890Manufacture of food products

46450Wholesale of perfume and cosmetics

01280Crop and animal production, hunting and related service activities

46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods

47120Other non-specialised retail sale

47740Retail trade

47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses

47910Retail trade

Sources

Crossroads Bank for EnterprisesNational Bank · 8 filings

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

Phone:0473300649

Establishment Brussel 2.270.609.157