ACTIVE

FIRST SHIPPING

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Financial year 2025 · closed on 30/09/2025

Net result

23,2 k €

+111.6% YoY

Gross margin

691,8 k €

+140.6% YoY

Equity

119,5 k €

-55.5% YoY

Workforce

8,1 ETP

+52.8% YoY

What does FIRST SHIPPING do?

FIRST SHIPPING is a Public limited company incorporated in 1995. Its registered office is in Antwerpen. It employs on average 8,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0456.542.970

Incorporation

21/11/1995

Legal form

Public limited company

Registered office

Plantin en Moretuslei 335 box 50
2140 Antwerpen · FlandreSee on map

Contributed capital

92 960,07 €

Latest accounts

30/09/2025

Average workforce

8,1 ETP

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	691,8 k €	+141%	287,6 k €	-36.3%	451,5 k €	-3.7%	469 k €	-8.5%	512,8 k €	+12.9%	454,4 k €	-25.9%	613,2 k €	+35.6%	452,1 k €	+11.9%	404,2 k €	-41.4%	689,3 k €	+9.3%	630,4 k €	-7.7%	683,2 k €	-21.0%	864,3 k €	-11.1%	971,9 k €	+5.0%	925,7 k €	-32.9%	1,4 M €	+3.5%	1,3 M €	+29.3%	1 M €	+94.8%	529,7 k €	+80.4%	293,6 k €
EBITDA	137 k €	+261%	-85,2 k €	-166%	129,7 k €	-41.0%	219,9 k €	-0.9%	221,8 k €	+0.0%	221,7 k €	-29.8%	315,8 k €	+141%	131,2 k €	+76.3%	74,4 k €	-79.9%	370,4 k €	+16.5%	317,8 k €	-14.0%	369,7 k €	-33.4%	554,8 k €	-15.0%	652,9 k €	+0.2%	651,7 k €	-40.8%	1,1 M €	+2.3%	1,1 M €	+32.1%	814,2 k €	+137%	344,2 k €	+189%	119,1 k €
Operating result	38,1 k €	+122%	-176,3 k €	-326%	78,2 k €	-59.3%	191,9 k €	-2.3%	196,4 k €	+3.4%	189,9 k €	-35.2%	292,9 k €	+106%	142,3 k €	+163%	54,2 k €	-84.0%	338,8 k €	+15.2%	294,1 k €	-22.0%	377 k €	-18.2%	460,8 k €	-24.4%	609,7 k €	-0.3%	611,3 k €	-41.0%	1 M €	+4.6%	990,7 k €	+28.2%	772,7 k €	+146%	313,7 k €	+116%	145,2 k €
Net result	23,2 k €	+112%	-199,2 k €	-541%	45,2 k €	-68.0%	141,5 k €	-21.0%	179,1 k €	+5.1%	170,4 k €	-37.3%	271,6 k €	+117%	125,3 k €	+190%	43,3 k €	-77.5%	192 k €	-5.6%	203,5 k €	-4.6%	213,3 k €	-29.0%	300,3 k €	-25.8%	404,9 k €	+6.0%	382,1 k €	-43.4%	675 k €	+8.0%	624,8 k €	+34.7%	463,7 k €	+138%	195,1 k €	+367%	41,7 k €
Balance sheet
Equity	119,5 k €	-55.5%	268,3 k €	-42.6%	467,6 k €	+10.7%	422,4 k €	+50.0%	281,7 k €	-7.8%	305,6 k €	+0.1%	305,2 k €	+0.2%	304,6 k €	+0.4%	303,3 k €	+0.1%	303 k €	-3.7%	314,5 k €	+140%	131 k €	0.0%	131 k €	0.0%	131 k €	0.0%	131 k €	0.0%	131 k €	0.0%	131 k €	0.0%	131 k €	0.0%	131 k €	-7.7%	141,9 k €
Total assets	2 M €	+75.1%	1,1 M €	+52.0%	739,2 k €	+12.6%	656,2 k €	-4.5%	687,4 k €	+3.5%	664 k €	-34.3%	1 M €	+11.3%	908,7 k €	+6.6%	852,7 k €	-6.9%	916 k €	+6.9%	857,3 k €	+2.2%	838,7 k €	-20.2%	1,1 M €	-6.9%	1,1 M €	-5.2%	1,2 M €	-5.9%	1,3 M €	-35.2%	2 M €	+56.3%	1,2 M €	+56.7%	797,3 k €	+10.4%	722,1 k €
Cash	1,4 M €	+160%	542,2 k €	+29.4%	419,2 k €	+51.4%	276,9 k €	-31.7%	405,2 k €	+19.4%	339,2 k €	-53.1%	723,8 k €	-17.6%	878,9 k €	+8.3%	811,6 k €	-2.9%	836 k €	+15.0%	726,7 k €	+2.8%	706,8 k €	+0.7%	701,9 k €	-11.1%	789,7 k €	-11.7%	894,3 k €	-9.5%	987,7 k €	-16.3%	1,2 M €	+14.9%	1 M €	+94.5%	528,4 k €	+10.7%	477,2 k €
Debts	1,8 M €	+120%	834,3 k €	+209%	269,6 k €	+16.3%	231,8 k €	-42.6%	403,7 k €	+13.3%	356,4 k €	-49.4%	704,1 k €	+17.0%	602 k €	+10.0%	547,4 k €	-10.4%	611 k €	+13.0%	540,8 k €	-23.4%	705,7 k €	-23.1%	917,6 k €	-7.8%	995,3 k €	-5.9%	1,1 M €	-6.6%	1,1 M €	-37.8%	1,8 M €	+63.0%	1,1 M €	+68.0%	664,4 k €	+14.9%	578,2 k €
Other
Workforce	8,1 ETP	+52.8%	5,3 ETP	+12.8%	4,7 ETP	+17.5%	4,0 ETP	-9.1%	4,4 ETP	+12.8%	3,9 ETP	-20.4%	4,9 ETP	-3.9%	5,1 ETP	-13.6%	5,9 ETP	+1.7%	5,8 ETP	0.0%	5,8 ETP	0.0%	5,8 ETP	+5.5%	5,5 ETP	+1.9%	5,4 ETP	-6.9%	5,8 ETP	0.0%	5,8 ETP	-6.5%	6,2 ETP	+14.8%	5,4 ETP	+25.6%	4,3 ETP	0.0%	4,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 22 ended

Active mandates

Jozef Jan Goossens

Managing director · since 05 avril 2022

Active

Ended mandates

Jozef Goossens

Managing director · since 05 avril 2022 · until 04 février 2028

Ended

Richard Leroy

Director · since 05 avril 2022 · until 04 février 2028

Ended

FIRST INVEST

Managing director · since 15 décembre 2017 · until 15 décembre 2023 · 0477.073.813

Represented by Jozef Goossens

Ended

FIRST INVEST

Managing director · since 15 décembre 2017 · until 05 avril 2022 · 0477.073.813

Represented by Jozef Goossens

Ended

At this address

Other companies at this address

Company	CBE no.
Borger.dev● Active	1022.005.460
Société commerciale belgo-malienne - Belgisch-Malische Handelmaatschappij● Active	0415.341.033
V.M.E. PLANTIN & MORETUSLEI 335● Active	0850.432.256

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	16/03/2026	28/04/2025	08/03/2024	23/03/2023	03/01/2022	26/02/2021
General meeting	12/03/2026	31/03/2025	06/02/2024	23/02/2023	17/12/2021	02/02/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	12/03/2026	16/03/2026	Dutch	PDF
Abridged model	30/09/2024	31/03/2025	28/04/2025	Dutch	PDF
Abridged model	30/09/2023	06/02/2024	08/03/2024	Dutch	PDF
Abridged model	30/09/2022	23/02/2023	23/03/2023	Dutch	PDF
Abridged model	30/09/2021	17/12/2021	03/01/2022	Dutch	PDF
Abridged model	30/09/2020	02/02/2021	26/02/2021	Dutch	PDF
Abridged model	30/09/2019	04/02/2020	05/03/2020	Dutch	PDF
Abridged model	30/09/2018	05/02/2019	30/04/2019	Dutch	PDF
Abridged model	30/09/2017	06/02/2018	28/03/2018	Dutch	PDF
Abridged model	30/09/2016	03/12/2016	22/12/2016	Dutch	PDF
Abridged model	30/09/2015	03/12/2015	25/05/2016	Dutch	PDF
Abridged model	30/09/2014	03/02/2015	24/04/2015	Dutch	PDF
Abridged model	30/09/2013	04/02/2014	22/05/2014	Dutch	PDF
Abridged model	30/09/2012	05/02/2013	31/05/2013	Dutch	PDF
Abridged model	30/09/2011	09/11/2011	30/05/2012	Dutch	PDF
Abridged model	30/09/2010	01/02/2011	28/03/2011	Dutch	PDF
Abridged model	30/09/2009	12/01/2010	27/05/2010	Dutch	PDF
Abridged model	30/09/2008	08/12/2008	29/05/2009	Dutch	PDF
Abridged model	30/09/2007	06/12/2007	22/05/2008	Dutch	PDF
Abridged model	30/09/2006	06/02/2007	29/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 · 22 ended

Active mandates

Jozef Jan Goossens

Managing director · since 05 avril 2022

Active

Ended mandates

Jozef Goossens

Managing director · since 05 avril 2022 · until 04 février 2028

Ended

Richard Leroy

Director · since 05 avril 2022 · until 04 février 2028

Ended

FIRST INVEST

Managing director · since 15 décembre 2017 · until 15 décembre 2023 · 0477.073.813

Represented by Jozef Goossens

Ended

FIRST INVEST

Managing director · since 15 décembre 2017 · until 05 avril 2022 · 0477.073.813

Represented by Jozef Goossens

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other13/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/12/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/11/2008
ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/02/2005
MAATSCHAPPELIJKE ZETEL
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 202523,2 k €↑
2024
Annual accounts 2024-199,2 k €↓
2023
Annual accounts 202345,2 k €↓
2022
Annual accounts 2022141,5 k €↓
2021
Annual accounts 2021179,1 k €↑
2020
Annual accounts 2020170,4 k €↓
2019
Annual accounts 2019271,6 k €↑
2018
Annual accounts 2018125,3 k €↑
2017
Annual accounts 201743,3 k €↓
2016
Annual accounts 2016192 k €↓
2015
Annual accounts 2015203,5 k €↓
2014
Annual accounts 2014213,3 k €↓
2013
Annual accounts 2013300,3 k €↓
2012
Annual accounts 2012404,9 k €↑
2011
Annual accounts 2011382,1 k €↓
2010
Annual accounts 2010675 k €↑
2009
Annual accounts 2009624,8 k €↑
2008
Annual accounts 2008463,7 k €↑
2007
Annual accounts 2007195,1 k €↑
2006
Annual accounts 200641,7 k €
21/11/1995
IncorporationPublic 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

FIRST SHIPPING

Overview

What does FIRST SHIPPING do?

Trend over 20 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