THINK FIRST
ActiveTHINK FIRST has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €298k and a net result of €16k. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 49% of 16906 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
86
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▼-5
Solvency98▲+1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 6.11 against 4.02 in 2024), and 41.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
58.8%
Return on assets
3.1%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
26 d late
2024
28 d late
2023
29 d late
2022
on the day
2021
24 d late
2020
29 d late
2019
80 d late
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€298k▲ 5.5%
2024 · €283k
2018: €39k
2019: €62k
2020: €127k
2021: €265k
2022: €265k
2023: €265k
2024: €283k
2018 → 2025
Total assets
€507k▼ 1.9%
2024 · €517k
2018: €76k
2019: €93k
2020: €159k
2021: €327k
2022: €319k
2023: €314k
2024: €517k
2018 → 2025
Net result
€16k▼ 10.1%
2024 · €17k
2018: €33k
2019: €23k
2020: €65k
2021: €126k
2022: €22k
2023: €20k
2024: €17k
2018 → 2025
Working capital
€158k▲ 14.6%
2024 · €138k
2018: €27k
2019: €43k
2020: €103k
2021: €243k
2022: €219k
2023: €208k
2024: €138k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€265k-€265k=€265k=€283k▲ 6.5%€298k▲ 5.5%
Operating result€174k-€26k▼ 84.9%€42k▲ 58.5%€32k▼ 22.2%€33k▲ 2.9%
Net result€126k-€22k▼ 82.6%€20k▼ 9.9%€17k▼ 12.3%€16k▼ 10.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 3% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €507k
Fixed assets
€319k▼ 4.6%
Current assets
€189k▲ 2.9%
Equity and liabilities €507k
Equity
€298k▲ 5.5%
Debt
€209k▼ 10.9%
The debt ratio falls from 45.4% to 41.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€58k▲
2024 · €54k
Cash flow
€40k▲
2024 · €39k
Solvency
58.8%▲
2024 · 54.6%
Current ratio
6.11▲
2024 · 4.02
Quick ratio
6.11▲
2024 · 4.02
Debt / equity
0.70▼
2024 · 0.83
ROE
5.2%▼
2024 · 6.1%
ROA
3.1%▼
2024 · 3.3%
Interest coverage
5.09▼
2024 · 6.29
Debt
€209k▼
2024 · €235k
Debt ≤ 1 year
€31k▼
2024 · €46k
Debt > 1 year
€178k▼
2024 · €189k
Income taxes
€7k▼
2024 · €8k
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€517k€507k▼
Fixed assets21/28€334k€319k▼
Tangible fixed assets22/27€334k€319k▼
Land and buildings22€263k€255k▼
Plant, machinery and equipment23€12k€13k▲
Furniture and vehicles24€59k€50k▼
Current assets29/58€183k€189k▲
Amounts receivable within one year40/41€48k€22k▼
Trade receivables40€25k€19k▼
Other amounts receivable41€23k€3k▼
Current investments50/53€89k€104k▲
Cash at bank and in hand54/58€11k€14k▲
Deferred charges and accrued income490/1€36k€49k▲
Equity and liabilities
Total equity and liabilities10/49€517k€507k▼
Equity10/15€283k€298k▲
Contributions10/11€19k€19k=
Reserves13€264k€280k▲
Distributable reserves133€264k€280k▲
Amounts payable17/49€235k€209k▼
Amounts payable after more than one year17€189k€178k▼
Financial debts170/4€189k€178k▼
Amounts payable within one year42/48€46k€31k▼
Current portion of amounts payable after more than one year42€10k€11k▲
Financial debts43€7k€6k▼
Credit institutions430/8€7k€6k▼
Trade debts44€1k€1k▼
Suppliers440/4€1k€1k▼
Taxes, remuneration and social security45€17k€10k▼
Taxes450/3€17k€10k▼
Other amounts payable47/48€10k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€24k▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€56k€61k▲
Operating profit (loss)9901€32k€33k▲
Financial income75/76B€2k€609▼
Recurring financial income75€2k€609▼
Financial charges65/66B€9k€11k▲
Recurring financial charges65€9k€11k▲
Profit (loss) for the period before taxes9903€25k€23k▼
Income taxes67/77€8k€7k▼
Profit (loss) for the period9904€17k€16k▼
Profit (loss) for the period to be appropriated9905€17k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€16k▼
Transfer to equity691/2€17k€16k▼
To other reserves6921€17k€16k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €16k ▼10.1%
Net result drops to €16k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €126k ▲92.8%
Operating result €174k, net result €126k, both a record.
31-12
Financial
Equity above €200kEq €265k ▲109%
4 profitable years in a row build equity to €265k.
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
31-12
Financial
Equity above €100kEq €127k ▲105%
3 profitable years in a row build equity to €127k.
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 80 days late
2019
29-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Beringen · 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.
Galgestraat 323583 BeringenGround area
1,114 m²
Building footprint
228 m²
Volume, LiDAR
1,088 m³
Parcel 71382C0426/00B000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
THINK FIRST
since 20172.264.080.067
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71382C0426/00B000 | Flanders | 1,114 m² | 1 · 228 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,880 companies in sector 62200 we hold annual accounts for 18,324. 13,711 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-04-2017
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
62010Computer programming, consultancy and related activities
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.