ACTIVE

FIRST ELEMENT

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Financial year 2025 · closed on 31/12/2025
Net result
-236,1 k €
-300.3% YoY
Gross margin
-88,9 k €
-142.1% YoY
Equity
516,7 k €
-31.4% YoY
Workforce
1,2 ETP
+9.1% YoY

What does FIRST ELEMENT do?

FIRST ELEMENT is a Private limited company incorporated in 2013. Its main activity is: Wholesale of other intermediate products. Its registered office is in Antwerpen. It employs on average 1,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0534.592.437
Incorporation
16/05/2013
Legal form
Private limited company
Registered office
Hoveniersstraat 22
2018 Antwerpen · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
1,2 ETP
Activities (NACE)
46761Wholesale of other intermediate products· main46861Wholesale trade, except of motor vehicles and motorcycles
Joint committees (2)
  • 200
  • 324
Signals
Solid equityLow riskGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin-88,9 k €211,3 k €237,8 k €279,1 k €67,2 k €146,3 k €183,8 k €168,2 k €145,8 k €-96,5 k €26,1 k €42,2 k €238 k €
EBITDA-170,9 k €147,5 k €185,8 k €241,1 k €41,1 k €89 k €98,1 k €83,8 k €55,8 k €-105 k €22 k €35,2 k €237,7 k €
Operating result-182,7 k €133,9 k €161,3 k €237,8 k €36,8 k €84,7 k €82,9 k €80,2 k €52,2 k €-108,1 k €18,9 k €34 k €237,7 k €
Net result-236,1 k €117,9 k €105,5 k €85,6 k €80 k €51,5 k €51 k €41,5 k €156,6 k €-121,3 k €7,7 k €4,6 k €153,6 k €
Balance sheet
Equity516,7 k €752,9 k €635 k €529,5 k €443,9 k €363,8 k €312,4 k €261,3 k €219,8 k €63,3 k €184,5 k €176,9 k €172,2 k €
Total assets1 M €859,5 k €975,3 k €573,8 k €1,5 M €2 M €357,2 k €306,6 k €439,5 k €519,9 k €344,5 k €624,7 k €4 M €
Cash571,2 k €405,8 k €677,4 k €243,2 k €169,7 k €144,8 k €105 k €104,6 k €70 k €30 k €122,8 k €161,6 k €321 k €
Debts504,8 k €88,4 k €320,4 k €38 k €1,1 M €1,6 M €43,5 k €41,5 k €211,2 k €455,9 k €157,6 k €447,8 k €3,8 M €
Other
Workforce1,2 ETP1,1 ETP0,8 ETP0,6 ETP0,4 ETP1,0 ETP1,8 ETP1,9 ETP1,4 ETP––––
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 31/12/2025 · 1 active · 2 ended

Active mandates

Edward Wilkes

Director · since 21 mai 2013

Active

Ended mandates

Edward James Timothy WILKES

Director · since 21 mai 2013

Ended
Edward James Timothy WILKES

Manager · since 21 mai 2013

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date14/07/202604/07/202515/07/202425/09/202320/09/202227/10/2021
General meeting26/06/202626/06/202526/06/202426/06/202314/09/202212/10/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202614/07/2026DutchPDF
Abridged model31/12/202426/06/202504/07/2025DutchPDF
Abridged model31/12/202326/06/202415/07/2024DutchPDF
Abridged model31/12/202226/06/202325/09/2023DutchPDF
Abridged model31/12/202114/09/202220/09/2022DutchPDF
Abridged model31/12/202012/10/202127/10/2021DutchPDF
Abridged model31/12/201926/06/202021/07/2020DutchPDF
Abridged model31/12/201826/06/201927/06/2019DutchPDF
Abridged model31/12/201726/06/201816/07/2018DutchPDF
Abridged model31/12/201626/06/201718/08/2017DutchPDF
Abridged model31/12/201526/06/201630/08/2016DutchPDF
Abridged model31/12/201426/06/201502/10/2015DutchPDF
Abridged model31/12/201326/06/201421/11/2014DutchPDF
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 31/12/2025 · 1 active · 2 ended

Active mandates

Edward Wilkes

Director · since 21 mai 2013

Active

Ended mandates

Edward James Timothy WILKES

Director · since 21 mai 2013

Ended
Edward James Timothy WILKES

Manager · since 21 mai 2013

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/12/2023
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other30/05/2013
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025-236,1 k €↓
  2. 2024
    Annual accounts 2024117,9 k €↑
  3. 2023
    Annual accounts 2023105,5 k €↑
  4. 2022
    Annual accounts 202285,6 k €↑
  5. 2021
    Annual accounts 202180 k €↑
  6. 2020
    Annual accounts 202051,5 k €↑
  7. 2019
    Annual accounts 201951 k €↑
  8. 2018
    Annual accounts 201841,5 k €↓
  9. 2017
    Annual accounts 2017156,6 k €↑
  10. 2016
    Annual accounts 2016-121,3 k €↓
  11. 2015
    Annual accounts 20157,7 k €↑
  12. 2014
    Annual accounts 20144,6 k €↓
  13. 2013
    Annual accounts 2013153,6 k €
  14. 16/05/2013
    IncorporationPrivate limited company