THE FIRST
ActiveSummary
THE FIRST has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29.1m and a net result of €512,905. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 61% of 5,765 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Directors
Owners and capital
Owners
1 ownerChain of control
Highest known parent: UNION INVESTMENT INSTITUTIONAL PROPERTY GMBH. The sources do not say who stands above it.
Owners 1
-
100%
According to the 2025 annual accounts of THE FIRST and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- UNION INVESTMENT REAL STATE GmbH all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 30-07-2026 Capital reduction of €1,000,000 · to €4,700,000 · repaid to the shareholders
- 24-02-2026 Capital reduction of €1,340,000 · to €5,700,000 · repaid to the shareholders
- 04-03-2025 Capital reduction of €1,350,000 · to €7,040,000 · repaid to the shareholders
- 16-02-2024 Capital reduction of €642,000 · to €8,390,000 · repaid to the shareholders