ACTIVE

CLIENT FIRST

Export PDF

Financial year 2025 · closed on 30/09/2025

Net result

52,9 k €

-17.6% YoY

Gross margin

102,9 k €

-4.3% YoY

Equity

605 k €

+9.6% YoY

What does CLIENT FIRST do?

CLIENT FIRST is a Private limited company incorporated in 2003. Its main activity is: Management consultancy activities. Its registered office is in Profondeville.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.687.467

Incorporation

03/03/2003

Legal form

Private limited company

Registered office

Rue Raymond Noel(B.V.) 40
5170 Profondeville · WallonieSee on map

Contributed capital

44 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

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

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	102,9 k €	-4.3%	107,5 k €	-0.1%	107,6 k €	+9.8%	98,1 k €	-5.9%	104,2 k €	+0.4%	103,8 k €	+3.6%	100,2 k €	-3.5%	103,8 k €	+1.5%	102,3 k €	+49.7%	68,3 k €	+2214%	-3,2 k €	-125%	13 k €	-69.4%	42,3 k €	-25.8%	57 k €	+20.0%	47,5 k €	+193%	16,2 k €	-67.8%	50,2 k €	+29.6%	38,7 k €	-32.7%	57,6 k €
EBITDA	94,2 k €	-11.9%	106,9 k €	-0.4%	107,3 k €	+9.4%	98,1 k €	-5.2%	103,5 k €	-0.3%	103,8 k €	+4.0%	99,8 k €	-3.5%	103,5 k €	+1.5%	102 k €	+51.0%	67,6 k €	+1954%	-3,6 k €	-129%	12,6 k €	-69.9%	41,9 k €	-25.9%	56,6 k €	+20.2%	47,1 k €	+197%	15,9 k €	-68.2%	49,9 k €	+29.9%	38,4 k €	-32.9%	57,2 k €
Operating result	77,9 k €	-15.3%	92,1 k €	-0.9%	92,9 k €	+9.6%	84,7 k €	-6.6%	90,8 k €	-1.9%	92,5 k €	+3.8%	89,1 k €	-3.1%	91,9 k €	+2.0%	90,1 k €	+59.9%	56,4 k €	+1647%	-3,6 k €	-129%	12,6 k €	-69.9%	41,9 k €	-25.8%	56,5 k €	+20.2%	47 k €	+198%	15,7 k €	-68.4%	49,8 k €	+30.1%	38,2 k €	-25.9%	51,6 k €
Net result	52,9 k €	-17.6%	64,1 k €	+6.8%	60,1 k €	+12.5%	53,4 k €	-8.9%	58,6 k €	+7.0%	54,8 k €	+7.6%	50,9 k €	+0.3%	50,8 k €	+14.5%	44,4 k €	-76.1%	186 k €	+3619%	-5,3 k €	-164%	8,2 k €	-72.1%	29,5 k €	-58.1%	70,5 k €	+148%	28,4 k €	+147%	11,5 k €	-59.8%	28,6 k €	-45.8%	52,8 k €	+134%	22,5 k €
Balance sheet
Equity	605 k €	+9.6%	552,1 k €	+2.6%	538 k €	+1.9%	527,9 k €	+3.6%	509,5 k €	+4.9%	485,8 k €	+4.3%	466 k €	+7.5%	433,6 k €	+8.0%	401,3 k €	+9.4%	366,9 k €	+30.6%	281 k €	-21.1%	356,3 k €	+2.4%	348 k €	+9.3%	318,5 k €	+28.4%	248 k €	+12.9%	219,6 k €	+5.5%	208,1 k €	+15.9%	179,5 k €	+29.4%	138,7 k €
Total assets	666,8 k €	-1.0%	673,5 k €	+6.4%	633,1 k €	+7.3%	589,9 k €	+3.4%	570,7 k €	-0.1%	571,4 k €	+7.9%	529,3 k €	+6.1%	498,8 k €	+6.7%	467,6 k €	-6.7%	501,3 k €	+20.3%	416,6 k €	+5.1%	396,5 k €	+2.3%	387,5 k €	-1.4%	393,2 k €	+0.4%	391,8 k €	+2.2%	383,4 k €	-5.0%	403,7 k €	+1.8%	396,7 k €	-1.2%	401,7 k €
Cash	14,3 k €	-50.4%	28,9 k €	+22.0%	23,7 k €	-40.3%	39,6 k €	-78.4%	183,6 k €	+8.6%	169,1 k €	+36.9%	123,5 k €	+54.6%	79,9 k €	+83.6%	43,5 k €	-13.3%	50,2 k €	+254%	14,2 k €	+56.0%	9,1 k €		–		–		9,2 k €	+1379%	620 €		–		892 €	-87.6%	7,2 k €
Debts	61,8 k €	-49.1%	121,4 k €	+27.6%	95,1 k €	+56.9%	60,6 k €	+1.0%	60 k €	-24.3%	79,3 k €	+25.4%	63,3 k €	-3.0%	65,2 k €	-1.6%	66,3 k €	-50.7%	134,3 k €	-0.7%	135,3 k €	+241%	39,7 k €	+37.7%	28,8 k €	-55.4%	64,6 k €	-52.6%	136,2 k €	-14.3%	159 k €	-16.7%	190,8 k €	-10.2%	212,5 k €	-19.1%	262,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

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

Active mandates

Francy Godts

Director

Active

Ended mandates

Francis Godts

Director · since 11 mars 2003

Ended

FRANCIS GODTS

Manager · since 11 mars 2003

Ended

Gilles Godts

Director

Ended

At this address

Other companies at this address

Company	CBE no.
GODTS DISTRIBUTION● Active	0479.691.229

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro 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	21/04/2026	25/04/2025	08/03/2024	28/04/2023	29/07/2022	27/04/2021
General meeting	20/02/2026	21/02/2025	16/02/2024	18/02/2023	18/02/2022	19/02/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	20/02/2026	21/04/2026	French	PDF
Micro model	30/09/2024	21/02/2025	25/04/2025	French	PDF
Micro model	30/09/2023	16/02/2024	08/03/2024	French	PDF
Micro model	30/09/2022	18/02/2023	28/04/2023	French	PDF
Abridged model	30/09/2021	18/02/2022	29/07/2022	French	PDF
Abridged model	30/09/2020	19/02/2021	27/04/2021	French	PDF
Abridged model	30/09/2019	21/02/2020	30/04/2020	French	PDF
Abridged model	30/09/2018	15/02/2019	27/03/2019	French	PDF
Abridged model	30/09/2017	16/02/2018	26/03/2018	French	PDF
Abridged model	30/09/2016	23/12/2016	08/02/2017	French	PDF
Abridged model	30/09/2015	19/02/2016	01/04/2016	French	PDF
Abridged model	30/09/2014	20/02/2015	11/03/2015	French	PDF
Abridged model	30/09/2013	20/02/2014	15/04/2014	French	PDF
Abridged model	30/09/2012	21/02/2013	26/04/2013	French	PDF
Abridged model	30/09/2011	17/02/2012	02/04/2012	French	PDF
Abridged model	30/09/2010	17/02/2011	07/04/2011	French	PDF
Abridged model	30/09/2009	18/02/2010	04/03/2010	French	PDF
Abridged model	30/09/2008	20/02/2009	23/04/2009	French	PDF
Abridged model	30/09/2007	15/02/2008	10/03/2008	French	PDF
Abridged model	30/09/2006	16/02/2007	30/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 3 ended

Active mandates

Francy Godts

Director

Active

Ended mandates

Francis Godts

Director · since 11 mars 2003

Ended

FRANCIS GODTS

Manager · since 11 mars 2003

Ended

Gilles Godts

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other03/05/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Restructuring15/07/2016
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring20/05/2016
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring18/02/2016
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates26/10/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates15/12/2014
DEMISSIONS, NOMINATIONS
PDF
Registered office03/04/2008
SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
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 202552,9 k €↓
2024
Annual accounts 202464,1 k €↑
2023
Annual accounts 202360,1 k €↑
2022
Annual accounts 202253,4 k €↓
2021
Annual accounts 202158,6 k €↑
2020
Annual accounts 202054,8 k €↑
2019
Annual accounts 201950,9 k €↑
2018
Annual accounts 201850,8 k €↑
2017
Annual accounts 201744,4 k €↓
2016
Annual accounts 2016186 k €↑
2015
Annual accounts 2015-5,3 k €↓
2014
Annual accounts 20148,2 k €↓
2013
Annual accounts 201329,5 k €↓
2012
Annual accounts 201270,5 k €↑
2011
Annual accounts 201128,4 k €↑
2010
Annual accounts 201011,5 k €↓
2009
Annual accounts 200928,6 k €↓
2008
Annual accounts 200852,8 k €↑
2007
Annual accounts 200722,5 k €
03/03/2003
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

CLIENT FIRST

Overview

What does CLIENT 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