ACTIVE

B-First

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Financial year 2025 · closed on 31/07/2025

Net result

688,9 k €

+425.0% YoY

Gross margin

175,5 k €

-12.6% YoY

Equity

1,7 M €

+57.1% YoY

Workforce

0,0 ETP

What does B-First do?

B-First is a Private limited company incorporated in 2013. Its main activity is: Activities of holding companies. Its registered office is in Koksijde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0542.341.153

Incorporation

20/11/2013

Legal form

Private limited company

Registered office

Piet Verhaertstraat(Odk) 60
8670 Koksijde · FlandreSee on map

Contributed capital

25 000,00 €

Latest accounts

31/07/2025

Average workforce

0,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 46711Wholesale of solid, liquid and gaseous fuels and related products 47811Retail sale via stalls and markets of food, beverages and tobacco products 55203Holiday and other short-stay accommodation 55203Holiday and other short-stay accommodation+8

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015
Income statement
Gross margin	175,5 k €	-12.6%	200,8 k €	+45.7%	137,8 k €	+131%	59,8 k €	+692%	-10,1 k €	-113%	76,9 k €	-17.8%	93,5 k €	-8.3%	102 k €	+54.6%	66 k €	+66.2%	39,7 k €	-36.3%	62,3 k €
EBITDA	172,3 k €	-13.1%	198,2 k €	+47.4%	134,4 k €	+131%	58,1 k €	+567%	-12,5 k €	-116%	75,5 k €	+2.8%	73,5 k €	-25.7%	98,9 k €	+52.0%	65,1 k €	+70.6%	38,2 k €	-37.6%	61,2 k €
Operating result	120,2 k €	-24.6%	159,4 k €	+42.4%	111,9 k €	+242%	32,7 k €	+191%	-35,7 k €	-165%	54,8 k €	+3.2%	53,1 k €	-32.8%	79,1 k €	+42.6%	55,4 k €	+94.5%	28,5 k €	+77.1%	16,1 k €
Net result	688,9 k €	+425%	131,2 k €	+55.9%	84,2 k €	+123%	37,8 k €	+230%	-29 k €	-174%	38,9 k €	-96.2%	1 M €	+487%	174 k €	-25.3%	233,1 k €	+1108%	19,3 k €	+242%	5,6 k €
Balance sheet
Equity	1,7 M €	+57.1%	1,1 M €	-17.6%	1,3 M €	+2.1%	1,3 M €	+3.0%	1,3 M €	-2.2%	1,3 M €	-11.3%	1,5 M €	+225%	454,1 k €	+61.6%	281 k €	+463%	49,9 k €	+63.0%	30,6 k €
Total assets	2 M €	+23.5%	1,6 M €	+1.0%	1,6 M €	+3.6%	1,6 M €	-1.9%	1,6 M €	-13.9%	1,9 M €	-2.0%	1,9 M €	+69.9%	1,1 M €	+3.3%	1,1 M €	+257%	303,6 k €	+0.7%	301,4 k €
Cash	186,8 k €	+15.3%	162 k €	-61.7%	423 k €	+10.7%	382 k €	-64.8%	1,1 M €	-4.3%	1,1 M €	-17.2%	1,4 M €	+1658%	77,9 k €	+239%	23 k €	+134%	9,8 k €	+24.7%	7,9 k €
Debts	286,9 k €	-46.2%	533,2 k €	+90.1%	280,5 k €	+11.7%	251,2 k €	-23.0%	326,4 k €	-41.3%	555,8 k €	+30.5%	426 k €	-35.9%	664,7 k €	-17.0%	801,1 k €	+216%	253,2 k €	-6.5%	270,8 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 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 31/07/2025 · 1 active · 3 ended

Active mandates

Benoit Dezutter

Director

Active

Ended mandates

Benoit Dezutter

Mandate · since 20 novembre 2013

Ended

Benoit Dezutter

Manager · since 19 novembre 2013

Ended

Benoit Dezutter

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Curryworst● Active	1017.921.760
PASTDA● Active	1023.989.012
SANSSOUS● Active	1013.627.036

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro model
Start of the financial year	01/08/2024	01/08/2023	01/08/2022	01/08/2021	01/08/2020	01/08/2019
Closing of the financial year	31/07/2025	31/07/2024	31/07/2023	31/07/2022	31/07/2021	31/07/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/02/2026	09/10/2024	30/01/2024	21/02/2023	25/02/2022	26/02/2021
General meeting	30/01/2026	02/10/2024	11/01/2024	02/02/2023	31/01/2022	31/01/2021
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

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/07/2025	30/01/2026	11/02/2026	Dutch	PDF
Abridged model	31/07/2024	02/10/2024	09/10/2024	Dutch	PDF
Abridged model	31/07/2023	11/01/2024	30/01/2024	Dutch	PDF
Abridged model	31/07/2022	02/02/2023	21/02/2023	Dutch	PDF
Micro model	31/07/2021	31/01/2022	25/02/2022	Dutch	PDF
Micro model	31/07/2020	31/01/2021	26/02/2021	Dutch	PDF
Micro model	31/07/2019	30/01/2020	28/02/2020	Dutch	PDF
Micro model	31/07/2018	31/01/2019	27/02/2019	Dutch	PDF
Micro model	31/07/2017	11/01/2018	06/02/2018	Dutch	PDF
Abridged model	31/07/2016	12/01/2017	24/01/2017	Dutch	PDF
Abridged model	31/07/2015	14/01/2016	29/01/2016	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 31/07/2025 · 1 active · 3 ended

Active mandates

Benoit Dezutter

Director

Active

Ended mandates

Benoit Dezutter

Mandate · since 20 novembre 2013

Ended

Benoit Dezutter

Manager · since 19 novembre 2013

Ended

Benoit Dezutter

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other22/01/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
PDF
Mandates22/08/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/10/2021
MAATSCHAPPELIJKE ZETEL
PDF
Other22/11/2013
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

2025
Annual accounts 2025688,9 k €↑
2024
Annual accounts 2024131,2 k €↑
2023
Annual accounts 202384,2 k €↑
2022
Annual accounts 202237,8 k €↑
2021
Annual accounts 2021-29 k €↓
2020
Annual accounts 202038,9 k €↓
2019
Annual accounts 20191 M €↑
2018
Annual accounts 2018174 k €↓
2017
Annual accounts 2017233,1 k €↑
2016
Annual accounts 201619,3 k €↑
2015
Annual accounts 20155,6 k €
20/11/2013
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

B-First

Overview

What does B-First do?

Trend over 11 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