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 5,738 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
financial year 2025 · full format · 27 days late
30-07
Gazette deed
Capital & sharesCapital decrease · Capital3 facts ▸
Gazette deed
Capital & shares
Capital decrease · Capital3 facts ▸
- Capital decrease, €1,000,000
- Capital, €4,700,000
- Other provision, “Pouvoirs d'exécution, Titre C.” (deed in French)
24-02
Gazette deed
Capital & shares · Amendment of the articlesCapital decrease · Shareholding · Capital6 facts ▸
Gazette deed
Capital & shares · Amendment of the articles
Capital decrease · Shareholding · Capital6 facts ▸
- Capital decrease, €1,340,000
- Shareholding, UNION INVESTMENT REAL STATE GmbH
- Other provision, “porter le capital à un montant correspondant aux besoins financiers de la société pour la poursuite de son objet” (deed in French)
- Capital, €5,700,000
- Amendment of the articles, 5
- Power of attorney
2025
20-08
NBB filing
Annual accounts filed
financial year 2024 · full format · 20 days late
04-03
Gazette deed
Capital & shares · Amendment of the articlesCapital decrease · Capital · Power of attorney4 facts ▸
Gazette deed
Capital & shares · Amendment of the articles
Capital decrease · Capital · Power of attorney4 facts ▸
- Capital decrease, €1,350,000
- Capital, €8,390,000
- Amendment of the articles, 5
- Power of attorney
2024
31-12
Financial
Back to profitnet €561,043
Net result €561,043 after 2 loss-making years.
06-08
NBB filing
Annual accounts filed
financial year 2023 · full format · 6 days late
2023
31-12
Financial
Weakest financial yearnet -€1.1m
Net result drops to -€1.1m, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity more than 190 timescurrent ratio 22.77
Current ratio from 0.12 to 22.77; short-term debt falls from €21.8m to €297,962.
31-12
Financial
Equity above €25mequity €30.0m ▲193%
Equity rises from €10.2m to €30.0m.
10-07
NBB filing
Annual accounts filed
financial year 2022 · full format
2022
31-12
Financial
Equity above €10mequity €10.2m ▲163%
Equity rises from €3.9m to €10.2m.
Show earlier events
21-09
NBB filing
Annual accounts filed
financial year 2021 · full format · 52 days late
2021
19-10
NBB filing
Annual accounts filed
financial year 2020 · full format · 80 days late
2020
31-12
Financial
Liquidity more than 6 timescurrent ratio 8.69
Current ratio from 1.39 to 8.69.
31-12
Financial
Equity above €2mequity €3.9m
A profit in every financial year since 2018 builds equity to €3.9m.
28-07
NBB filing
Annual accounts filed
financial year 2019 · full format
2019
31-12
Financial
Highest result from 2018 to 2025net €1.1m ▲2.9%
Operating result €1.8m, net result €1.1m, both a record.
24-06
NBB filing
Annual accounts filed
financial year 2018 · full format
2018
22-06
NBB filing
Annual accounts filed
financial year 2017 · full format
2017
03-07
NBB filing
Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 31 annual accounts filed, the latest 10 are here; all 31 are under Financials.
3 of 24 deeds read
About the unread acts
Of the 24 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 21 have not been read yet: what they contain is neither established nor disproved here.
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