ACTIVE

Fiscal First

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Financial year 2025 · closed on 30/09/2025

Net result

6,8 k €

-68.7% YoY

Gross margin

87,9 k €

-11.8% YoY

Equity

140,7 k €

+5.1% YoY

What does Fiscal First do?

Fiscal First is a Private limited company incorporated in 1991. Its main activity is: Management consultancy activities. Its registered office is in Kapelle-op-den-Bos.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.919.123

Incorporation

14/02/1991

Legal form

Private limited company

Registered office

Mechelseweg 171 box A
1880 Kapelle-op-den-Bos · FlandreSee on map

Contributed capital

61 592,00 €

Latest accounts

30/09/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (1)

Contacts

1 public detail availableLog in to view

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2010		2009		2008		2007		2006
Income statement
Gross margin	87,9 k €	-11.8%	99,6 k €	+31.3%	75,8 k €	+32.9%	57,1 k €	-24.2%	75,3 k €	+16.2%	64,8 k €	-7.5%	70,1 k €	+26.4%	55,4 k €	-1.7%	56,4 k €	+0.5%	56,1 k €	+11.3%	50,4 k €	-29.1%	71,1 k €	+59.1%	44,7 k €	-25.3%	59,9 k €	+105%	29,2 k €	+57.4%	18,5 k €	-14.1%	21,6 k €	+33.1%	16,2 k €	-25.9%	21,9 k €
EBITDA	75,8 k €	-23.5%	99,1 k €	+48.0%	67 k €	+65.7%	40,4 k €	+3.4%	39,1 k €	+44.4%	27,1 k €	-13.8%	31,4 k €	+45.9%	21,5 k €	-8.1%	23,4 k €	+3.8%	22,6 k €	+18.7%	19 k €	-60.8%	48,5 k €	+14.5%	42,4 k €	-23.3%	55,2 k €	+95.7%	28,2 k €	+63.2%	17,3 k €	-17.4%	20,9 k €	+39.5%	15 k €	-30.8%	21,7 k €
Operating result	42,7 k €	-37.7%	68,5 k €	+25.1%	54,8 k €	+134%	23,4 k €	+0.3%	23,3 k €	+33.6%	17,4 k €	-27.9%	24,2 k €	+114%	11,3 k €	-14.4%	13,2 k €	+71.8%	7,7 k €	+63.8%	4,7 k €	-65.6%	13,6 k €	+22.6%	11,1 k €	+136%	4,7 k €	-64.7%	13,3 k €	+317%	3,2 k €	-35.3%	4,9 k €	+328%	-2,2 k €	-123%	9,2 k €
Net result	6,8 k €	-68.7%	21,9 k €	-24.4%	28,9 k €	+107%	14 k €	+5.0%	13,3 k €	+51.6%	8,8 k €	-23.8%	11,5 k €	+254%	3,3 k €	-25.8%	4,4 k €	+261%	1,2 k €	-75.6%	5 k €	+498%	831 €	-76.2%	3,5 k €	+146%	-7,6 k €	-178%	9,7 k €	+417%	-3,1 k €	-61.8%	-1,9 k €	+79.7%	-9,3 k €	-707%	1,5 k €
Balance sheet
Equity	140,7 k €	+5.1%	133,9 k €	+19.5%	112 k €	+34.8%	83,1 k €	+20.2%	69,1 k €	+23.9%	55,8 k €	+18.7%	47 k €	+32.5%	35,5 k €	+10.1%	32,2 k €	+15.7%	27,9 k €	+4.6%	26,6 k €	+22.9%	21,7 k €	+4.0%	20,8 k €	+20.1%	17,4 k €	+215%	-15,1 k €	+39.2%	-24,8 k €	-14.1%	-21,7 k €	-9.6%	-19,8 k €	-89.1%	-10,5 k €
Total assets	1,1 M €	+7.1%	986,3 k €	-4.7%	1 M €	-0.5%	1 M €	+221%	323,9 k €	+13.1%	286,4 k €	+2.3%	279,9 k €	+12.5%	248,8 k €	+19.3%	208,5 k €	+24.0%	168,1 k €	-4.3%	175,6 k €	+3.4%	169,9 k €	+4.3%	162,9 k €	-7.9%	176,8 k €	+26.2%	140,1 k €	+19.4%	117,3 k €	-9.4%	129,4 k €	-11.8%	146,7 k €	-2.8%	150,9 k €
Cash	17,6 k €	-80.9%	92,2 k €	+114%	43,1 k €	+12.2%	38,4 k €	-7.7%	41,6 k €	-20.0%	52 k €	+85.1%	28,1 k €	+608%	4 k €	-0.6%	4 k €	-40.2%	6,7 k €	+61.4%	4,1 k €	+37.3%	3 k €	-25.2%	4 k €	+149%	1,6 k €	+2282%	68 €	-32.0%	100 €	-45.4%	183 €	-85.4%	1,3 k €	+3043%	40 €
Debts	915,2 k €	+7.4%	852,4 k €	-7.6%	922,7 k €	-3.5%	956,6 k €	+275%	254,8 k €	+10.5%	230,5 k €	-1.0%	232,8 k €	+9.2%	213,3 k €	+21.0%	176,2 k €	+25.6%	140,3 k €	-5.5%	148,5 k €	+0.2%	148,2 k €	+4.3%	142,1 k €	-10.9%	159,4 k €	+2.9%	155 k €	+9.3%	141,8 k €	-5.9%	150,6 k €	-9.5%	166,4 k €	+3.2%	161,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 3 ended

Active mandates

Danny HENDRYCKS

Director

Active

Ended mandates

Danny Hendrycks

Manager · since 18 février 1991

Ended

Danny Hendrycks

Administrator - manager

Ended

Danny HENDRYCKS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
AG TRANSPORT & SERVICES● Active	0689.867.958
ALDER ROAD CONSULTING● Active	0781.284.421
CADAHNS INVEST● Active	0890.468.215
Fiscal First FIJA● Active	0447.202.365
FISCAL FIRST GROEP● Active	0539.713.740
FISCAL FIRST VLAAMS-BRABANT● Active	0818.289.723
NGAA● Active	1031.887.780
RUAMEL● Active	0808.838.854
vereniging van mede-eigenaars van de residentie Bakkershof, Mechelseweg 171 te 1880 Kapelle-op-den-Bos● Active	0503.979.237

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/03/2026	30/04/2025	26/04/2024	08/05/2023	10/05/2022	30/04/2021
General meeting	06/03/2026	07/03/2025	21/03/2024	03/03/2023	04/03/2022	05/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	06/03/2026	31/03/2026	Dutch	PDF
Micro model	30/09/2024	07/03/2025	30/04/2025	Dutch	PDF
Micro model	30/09/2023	21/03/2024	26/04/2024	Dutch	PDF
Micro model	30/09/2022	03/03/2023	08/05/2023	Dutch	PDF
Micro model	30/09/2021	04/03/2022	10/05/2022	Dutch	PDF
Micro model	30/09/2020	05/03/2021	30/04/2021	Dutch	PDF
Micro model	30/09/2019	06/03/2020	30/04/2020	Dutch	PDF
Micro model	30/09/2018	01/03/2019	28/05/2019	Dutch	PDF
Micro model	30/09/2017	02/03/2018	30/04/2018	Dutch	PDF
Abridged model	30/09/2016	03/03/2017	31/05/2017	Dutch	PDF
Abridged model	30/09/2015	04/03/2016	03/04/2016	Dutch	PDF
Abridged model	30/09/2014	31/03/2015	30/04/2015	Dutch	PDF
Abridged model	30/09/2013	07/03/2014	31/03/2014	Dutch	PDF
Abridged model	30/09/2012	01/03/2013	30/03/2013	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	26/07/2011	Dutch	PDF
Abridged model	31/12/2009	03/06/2010	17/09/2010	Dutch	PDF
Abridged model	31/12/2008	03/06/2009	24/08/2009	Dutch	PDF
Abridged model	31/12/2007	03/06/2008	31/08/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	29/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 30/09/2025 · 1 active · 3 ended

Active mandates

Danny HENDRYCKS

Director

Active

Ended mandates

Danny Hendrycks

Manager · since 18 février 1991

Ended

Danny Hendrycks

Administrator - manager

Ended

Danny HENDRYCKS

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office28/03/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/01/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other18/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares14/06/2011
BENAMING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office12/03/2007
MAATSCHAPPELIJKE ZETEL
PDF
Mandates22/01/2004
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - KAPITAAL - AANDELEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20256,8 k €↓
2024
Annual accounts 202421,9 k €↓
2023
Annual accounts 202328,9 k €↑
2022
Annual accounts 202214 k €↑
2021
Annual accounts 202113,3 k €↑
2020
Annual accounts 20208,8 k €↓
2019
Annual accounts 201911,5 k €↑
2018
Annual accounts 20183,3 k €↓
2017
Annual accounts 20174,4 k €↑
2016
Annual accounts 20161,2 k €↓
2015
Annual accounts 20155 k €↑
2014
Annual accounts 2014831 €↓
2013
Annual accounts 20133,5 k €↑
2012
Annual accounts 2012-7,6 k €↓
2010
Annual accounts 20109,7 k €↑
2009
Annual accounts 2009-3,1 k €↓
2008
Annual accounts 2008-1,9 k €↑
2007
Annual accounts 2007-9,3 k €↓
2006
Annual accounts 20061,5 k €
14/02/1991
IncorporationPrivate limited company

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

Fiscal First

Overview

What does Fiscal First do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline