NORMAL SITUATION

FIRST

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Financial year 2021 · closed on 31/12/2021

Net result

10,6 k €

+132.4% YoY

Gross margin

43,5 k €

+57.0% YoY

Equity

23,5 k €

+81.5% YoY

Company — Normal situation.

What does FIRST do?

FIRST is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.993.703

Legal form

Private company with limited liability

Contributed capital

20 000,00 €

Latest accounts

31/12/2021

Joint committees (1)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2007		2006
Income statement
Gross margin	43,5 k €	+57.0%	27,7 k €	-35.2%	42,8 k €	+20.0%	35,7 k €	+7.7%	33,1 k €	-30.0%	47,3 k €	+1.1%	46,8 k €	+11.4%	42 k €	+17.0%	35,9 k €	+12.5%	31,9 k €	-15.5%	37,8 k €	-10.0%	42 k €	-17.3%	50,8 k €	+16.5%	43,6 k €	+14.6%	38 k €
EBITDA	11,3 k €	+136%	4,8 k €	+250%	1,4 k €	+119%	-7,1 k €	-4.2%	-6,8 k €	-204%	6,5 k €	+251%	-4,3 k €	+18.1%	-5,3 k €	+37.5%	-8,5 k €	-254%	-2,4 k €	+2.3%	-2,4 k €	-160%	4,1 k €	-68.0%	12,8 k €	+52.6%	8,4 k €	+114%	3,9 k €
Operating result	10,8 k €	+129%	4,7 k €	+246%	1,4 k €	+118%	-7,5 k €	-4.0%	-7,3 k €	-219%	6,1 k €	+223%	-4,9 k €	+6.4%	-5,3 k €	+57.0%	-12,3 k €	-108%	-5,9 k €	+9.9%	-6,6 k €	-38112%	-17,2 €	-100%	8,3 k €	+30.8%	6,3 k €	+242%	1,9 k €
Net result	10,6 k €	+132%	4,5 k €	+286%	1,2 k €	+116%	-7,4 k €	-9.7%	-6,7 k €	-199%	6,8 k €	+265%	-4,1 k €	+10.7%	-4,6 k €	+56.9%	-10,8 k €	-165%	-4,1 k €	+23.8%	-5,3 k €	-490%	1,4 k €	-84.3%	8,7 k €	+41.5%	6,1 k €	+95.0%	3,1 k €
Balance sheet
Equity	23,5 k €	+81.5%	13 k €	+54.0%	8,4 k €	+16.3%	7,2 k €	-50.5%	14,6 k €	-31.5%	21,4 k €	+47.1%	14,5 k €	-22.2%	18,7 k €	-19.9%	23,3 k €	-31.6%	34,1 k €	-10.6%	38,1 k €	-12.2%	43,4 k €	+3.2%	42,1 k €	+24.0%	33,9 k €	+22.0%	27,8 k €
Total assets	29,1 k €	+52.6%	19,1 k €	+13.6%	16,8 k €	-17.6%	20,4 k €	-25.6%	27,4 k €	-10.2%	30,5 k €	-13.3%	35,2 k €	-9.6%	38,9 k €	+16.3%	33,5 k €	-30.9%	48,4 k €	-7.4%	52,3 k €	-13.6%	60,5 k €	-2.6%	62,1 k €	+53.0%	40,6 k €	+12.6%	36,1 k €
Cash	9,7 k €	+125%	4,3 k €	-23.4%	5,6 k €	-21.8%	7,2 k €	-43.6%	12,8 k €	+42.8%	8,9 k €	+510%	1,5 k €	-61.8%	3,8 k €	+253%	1,1 k €	-87.9%	8,9 k €	+105%	4,4 k €	-24.0%	5,7 k €	-41.9%	9,9 k €	+49.7%	6,6 k €	+128%	2,9 k €
Debts	5,6 k €	-8.6%	6,1 k €	-27.0%	8,4 k €	-36.3%	13,1 k €	+3.0%	12,8 k €	+39.8%	9,1 k €	-55.8%	20,7 k €	+2.1%	20,2 k €	+99.4%	10,2 k €	-29.2%	14,3 k €	+1.3%	14,2 k €	-17.0%	17,1 k €	-14.8%	20 k €	+200%	6,7 k €	-19.3%	8,3 k €
Other
Workforce	–		–		–		–		–		–		1,3 ETP	0.0%	1,3 ETP	0.0%	1,3 ETP	+18.2%	1,1 ETP	-15.4%	1,3 ETP	-18.8%	1,6 ETP	0.0%	1,6 ETP	0.0%	1,6 ETP	0.0%	1,6 ETP

Governance

Board of directors

Seen on filing of 31/12/2021 · 1 active · 3 ended

Active mandates

Brigitte Marie L Nachtegaele

Administrator - manager · since 22 février 1985

Active

Ended mandates

Brigitte Marie L Nachtegaele

Director · since 22 février 1985

Ended

Brigitte Nachtegaele

Administrator - manager · since 21 février 1985

Ended

Brigitte Nachtegaele

Administrator - manager

Ended

Annual accounts

Full financial information

	2021	2020	2019	2018	2017	2016
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017	01/01/2016
Closing of the financial year	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017	31/12/2016
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/09/2022	31/08/2021	30/09/2020	27/09/2019	30/09/2018	29/09/2017
General meeting	24/06/2022	25/06/2021	26/06/2020	28/06/2019	29/06/2018	30/06/2017
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

35 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2021	24/06/2022	29/09/2022	Dutch	PDF
Micro model	31/12/2020	25/06/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	26/06/2020	30/09/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	27/09/2019	Dutch	PDF
Micro model	31/12/2017	29/06/2018	30/09/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	29/09/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	30/09/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	29/09/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	30/09/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	29/09/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	12/07/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	28/10/2010	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	31/03/2009	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	27/03/2008	Dutch	PDF
Abridged model	01/12/2005	30/06/2006	20/03/2007	Dutch	PDF
Abridged model	01/12/2004	24/06/2005	27/09/2005	Dutch	PDF
Abridged model	01/12/2003	25/06/2004	27/09/2005	Dutch	PDF
Abridged model	31/12/2002	27/06/2003	07/07/2003	Dutch	PDF
Abridged model	31/12/2001	28/06/2002	06/08/2002	Dutch	PDF
Abridged model	31/12/2000	29/06/2001	31/07/2001	Dutch	PDF
Abridged model	31/12/1999	30/06/2000	20/07/2000	Dutch	PDF
Abridged model	31/12/1998	25/06/1999	16/07/1999	Dutch	PDF
Abridged model	31/12/1997	26/06/1998	02/07/1998	Dutch	—

View all 35 filings

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2021 · 1 active · 3 ended

Active mandates

Brigitte Marie L Nachtegaele

Administrator - manager · since 22 février 1985

Active

Ended mandates

Brigitte Marie L Nachtegaele

Director · since 22 février 1985

Ended

Brigitte Nachtegaele

Administrator - manager · since 21 février 1985

Ended

Brigitte Nachtegaele

Administrator - manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2021
Annual accounts 202110,6 k €↑
2020
Annual accounts 20204,5 k €↑
2019
Annual accounts 20191,2 k €↑
2018
Annual accounts 2018-7,4 k €↓
2017
Annual accounts 2017-6,7 k €↓
2016
Annual accounts 20166,8 k €↑
2015
Annual accounts 2015-4,1 k €↑
2014
Annual accounts 2014-4,6 k €↑
2013
Annual accounts 2013-10,8 k €↓
2012
Annual accounts 2012-4,1 k €↑
2011
Annual accounts 2011-5,3 k €↓
2010
Annual accounts 20101,4 k €↓
2009
Annual accounts 20098,7 k €↑
2007
Annual accounts 20076,1 k €↑
2006
Annual accounts 20063,1 k €

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FIRST

Overview

What does FIRST do?

Trend over 15 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline