FIRST AIRLINES
0466.427.666 · rovalta.com · 24/09/2026
ACTIVE
FIRST AIRLINES
Financial year 2024 · closed on 31/12/2024
Net result
-113,5 k €
-106.9% YoY
Gross margin
-76 k €
-189.4% YoY
Equity
-68,4 k €
-251.9% YoY
Overview
What does FIRST AIRLINES do?
FIRST AIRLINES is a Public limited company incorporated in 1999. Its registered office is in Ixelles.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0466.427.666
Incorporation
05/07/1999
Legal form
Public limited company
Registered office
Rue Alphonse Renard 15
1050 Ixelles · BruxellesSee on map
1050 Ixelles · BruxellesSee on map
Contributed capital
61 973,37 €
Latest accounts
31/12/2024
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Financials
Trend over 16 financial years
| 2024 | 2023 | 2022 | 2021 | 2020 | 2018 | 2017 | 2016 | 2014 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||
| Gross margin | -76 k € | -189% | -26,3 k € | -399% | 8,8 k € | +181% | -10,9 k € | -1305% | -773,9 € | -105% | 16,2 k € | -95.6% | 372,2 k € | +4615% | -8,2 k € | – | – | – | -185,4 € | +20.8% | -234 € | +21.2% | -297 € | -150% | 598,5 € | +286% | -321,1 € | ||||
| EBITDA | -122,3 k € | -338% | -27,9 k € | -430% | 8,5 k € | +167% | -12,6 k € | -1298% | -899,4 € | -131% | 2,9 k € | -99.0% | 286,7 k € | +3251% | -9,1 k € | – | -123,2 € | +48.1% | -237,5 € | +21.1% | -301 € | +14.2% | -350,8 € | +14.1% | -408,3 € | -184% | 488,5 € | +206% | -460,6 € | ||
| Operating result | -94,9 k € | -136% | -40,2 k € | -963% | -3,8 k € | +84.8% | -24,8 k € | -142% | -10,3 k € | -460% | 2,9 k € | -99.0% | 286,7 k € | +3251% | -9,1 k € | – | -123,2 € | +48.1% | -237,5 € | +21.1% | -301 € | +14.2% | -350,8 € | +14.1% | -408,3 € | -184% | 488,5 € | +206% | -460,6 € | ||
| Net result | -113,5 k € | -107% | -54,8 k € | -311% | -13,3 k € | +59.3% | -32,8 k € | -83.1% | -17,9 k € | -915% | -1,8 k € | -101% | 216,2 k € | +1549% | -14,9 k € | – | -151,7 € | +42.9% | -265,4 € | +19.3% | -328,9 € | +13.2% | -378,7 € | +13.4% | -437,5 € | -195% | 458,9 € | +193% | -494,1 € | ||
| Balance sheet | |||||||||||||||||||||||||||||||
| Equity | -68,4 k € | -252% | 45,1 k € | -54.9% | 99,9 k € | -11.8% | 113,3 k € | -22.5% | 146,1 k € | -21.3% | 185,7 k € | -0.9% | 187,5 k € | +753% | -28,7 k € | -256% | -8,1 k € | -2.2% | -7,9 k € | -2.0% | -7,7 k € | -3.5% | -7,5 k € | -4.6% | -7,1 k € | -5.6% | -6,8 k € | -6.9% | -6,3 k € | +6.8% | -6,8 k € |
| Total assets | 237,8 k € | -71.5% | 834,3 k € | +50.3% | 555,2 k € | -0.6% | 558,4 k € | -5.1% | 588,1 k € | +83.2% | 320,9 k € | +0.8% | 318,5 k € | -13.6% | 368,5 k € | +46926% | 783,5 € | -2.9% | 806,9 € | +7.7% | 749,5 € | +0.4% | 746,4 € | +7.6% | 693,7 € | -4.6% | 727,5 € | -22.3% | 935,8 € | -33.9% | 1,4 k € |
| Cash | 6,5 k € | -58.9% | 15,7 k € | – | 5,4 € | -100.0% | 11 k € | -90.5% | 115,4 k € | -10.7% | 129,2 k € | +6747% | 1,9 k € | +34784% | 5,4 € | -81.2% | 28,8 € | – | 49,5 € | -21.0% | 62,7 € | -63.5% | 171,9 € | -63.3% | 468,9 € | -6.6% | 502,2 € | ||||
| Debts | 306,2 k € | -59.8% | 761,9 k € | +78.0% | 427,9 k € | +2.4% | 417,7 k € | +0.7% | 414,7 k € | +284% | 107,9 k € | +4.0% | 103,7 k € | -73.9% | 397,2 k € | +4386% | 8,9 k € | +1.8% | 8,7 k € | +2.5% | 8,5 k € | +3.3% | 8,2 k € | +4.9% | 7,8 k € | +4.6% | 7,5 k € | +3.2% | 7,3 k € | -11.4% | 8,2 k € |
Governance
Board of directors
Seen on filing of 31/12/2024 · 2 active · 8 ended
Active mandates
Active
Willme KUIJPERS
ActiveFinancials
Annual accounts
Full financial information
| 2024 | 2023 | 2022 | 2021 | 2020 | 2018 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 | 01/01/2018 |
| Closing of the financial year | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2018 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 25/08/2025 | 25/08/2025 | 31/08/2023 | 15/06/2022 | 30/09/2021 | 30/08/2019 |
| General meeting | 05/08/2025 | 05/08/2025 | 31/05/2023 | 14/06/2022 | 29/09/2021 | 30/04/2019 |
| 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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Try for 7 daysFilings
Annual accounts filings
16 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2024 | 05/08/2025 | 25/08/2025 | French | |
| Micro model | 31/12/2023 | 05/08/2025 | 25/08/2025 | French | |
| Micro model | 31/12/2022 | 31/05/2023 | 31/08/2023 | French | |
| Micro model | 31/12/2021 | 14/06/2022 | 15/06/2022 | French | |
| Micro model | 31/12/2020 | 29/09/2021 | 30/09/2021 | French | |
| Micro model | 31/12/2018 | 30/04/2019 | 30/08/2019 | French | |
| Micro model | 31/12/2017 | 04/03/2019 | 06/03/2019 | French | |
| Micro model | 31/12/2016 | 25/04/2017 | 31/08/2017 | French | |
| Abridged model | 31/12/2014 | 29/04/2015 | 31/08/2015 | French | |
| Abridged model | 31/12/2012 | 30/04/2013 | 20/08/2013 | French | |
| Abridged model | 31/12/2011 | 26/04/2012 | 09/08/2012 | French | |
| Abridged model | 31/12/2010 | 28/04/2011 | 18/08/2011 | French | |
| Abridged model | 31/12/2009 | 29/04/2010 | 30/08/2010 | French | |
| Abridged model | 31/12/2008 | 23/04/2009 | 28/07/2009 | French | |
| Abridged model | 31/12/2007 | 24/04/2008 | 01/08/2008 | French | |
| Abridged model | 31/12/2006 | 25/04/2007 | 28/08/2007 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2024 · 2 active · 8 ended
Active mandates
Active
Willme KUIJPERS
ActiveShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates17/10/2025DEMISSIONS, NOMINATIONS
- Mandates04/09/2025SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
- Mandates24/08/2023DEMISSIONS, NOMINATIONS
- Mandates22/04/2022DEMISSIONS, NOMINATIONS
- Registered office27/09/2021SIEGE SOCIAL
- Registered office03/07/2017SIEGE SOCIAL
- Other28/07/2011OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2024Annual accounts 2024-113,5 k €↓
- 2023Annual accounts 2023-54,8 k €↓
- 2023Name changeFIRST AIRLINE
- 2022Annual accounts 2022-13,3 k €↑
- 2021Annual accounts 2021-32,8 k €↓
- 2021Name changeFIRST AIRLINES
- 2020Annual accounts 2020-17,9 k €↓
- 2018Annual accounts 2018-1,8 k €↓
- 2017Annual accounts 2017216,2 k €↑
- 2016Annual accounts 2016-14,9 k €↓
- 2014Annual accounts 2014
- 2012Annual accounts 2012-151,7 €↑
- 2011Annual accounts 2011-265,4 €↑
- 2010Annual accounts 2010-328,9 €↑
- 2009Annual accounts 2009-378,7 €↑
- 2008Annual accounts 2008-437,5 €↓
- 2007Annual accounts 2007458,9 €↑
- 2006Annual accounts 2006-494,1 €
- 05/07/1999IncorporationPublic limited company