ACTIVE

First Clean

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Financial year 2025 · closed on 31/12/2025
Net result
50,9 k €
-83.3% YoY
Gross margin
960,1 k €
-13.1% YoY
Equity
13,7 k €
-84.4% YoY
Workforce
18,0 ETP
-5.3% YoY

What does First Clean do?

First Clean is a Private limited company incorporated in 2016. Its main activity is: General cleaning of buildings. Its registered office is in Hooglede. It employs on average 18,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0661.926.614
Incorporation
02/09/2016
Legal form
Private limited company
Registered office
Koolskampstraat 23a
8830 Hooglede · FlandreSee on map
Contributed capital
12 400,00 €
Latest accounts
31/12/2025
Average workforce
18,0 ETP
Activities (NACE)
81210General cleaning of buildings· main81210General cleaning of buildings81220Other building and industrial cleaning activities81220Other building and industrial cleaning activities
Joint committees (1)
  • 121
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 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin960,1 k €1,1 M €892 k €758,7 k €752,7 k €591,4 k €481,4 k €487,8 k €547,6 k €
EBITDA138,8 k €382,9 k €92,2 k €91,8 k €99,1 k €82,5 k €29 k €10,3 k €37,7 k €
Operating result77,6 k €326,4 k €21,5 k €52,3 k €70 k €55,5 k €1,1 k €-19,1 k €27,7 k €
Net result50,9 k €303,8 k €-11,2 k €39,9 k €49,6 k €41,4 k €3 k €-19,5 k €18,4 k €
Balance sheet
Equity13,7 k €87,9 k €134,1 k €145,3 k €105,4 k €55,7 k €14,3 k €11,3 k €30,8 k €
Total assets590,6 k €636,6 k €549,1 k €416,4 k €411,7 k €239,9 k €188,4 k €216,3 k €115,4 k €
Cash21,9 k €49,9 k €63,9 k €61,3 k €39,5 k €36,6 k €31,6 k €24,8 k €21 k €
Debts576,9 k €548,7 k €415,1 k €271,1 k €306,4 k €184,2 k €174,1 k €204,9 k €84,6 k €
Other
Workforce18,0 ETP19,0 ETP19,0 ETP16,7 ETP17,3 ETP13,4 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 · 7 ended

Active mandates

FIRST CLEAN INVEST

bestuurder · 1003.907.636

Represented by Mathieu Tsiglidis

Active

Ended mandates

FIRST CLEAN INVEST

bestuurder · since 29 décembre 2023 · 1003.907.636

Represented by Mathieu Tsiglidis

Ended
Mathieu Tsiglidis

Director · since 31 août 2016

Ended
Mathieu Tsiglidis

bestuurder · until 29 décembre 2023

Ended
Mathieu Tsiglidis

Director

Ended
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 date04/08/202614/07/202531/07/202406/06/202307/06/202231/05/2021
General meeting06/03/202614/07/202509/04/202427/05/202328/05/202229/05/2021
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

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202506/03/202604/08/2026DutchPDF
Abridged model31/12/202414/07/202514/07/2025DutchPDF
Abridged model31/12/202309/04/202431/07/2024DutchPDF
Abridged model31/12/202227/05/202306/06/2023DutchPDF
Abridged model31/12/202128/05/202207/06/2022DutchPDF
Abridged model31/12/202029/05/202131/05/2021DutchPDF
Micro model31/12/201930/05/202011/06/2020DutchPDF
Micro model31/12/201825/05/201928/05/2019DutchPDF
Micro model31/12/201726/05/201820/06/2018DutchPDF
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 · 7 ended

Active mandates

FIRST CLEAN INVEST

bestuurder · 1003.907.636

Represented by Mathieu Tsiglidis

Active

Ended mandates

FIRST CLEAN INVEST

bestuurder · since 29 décembre 2023 · 1003.907.636

Represented by Mathieu Tsiglidis

Ended
Mathieu Tsiglidis

Director · since 31 août 2016

Ended
Mathieu Tsiglidis

bestuurder · until 29 décembre 2023

Ended
Mathieu Tsiglidis

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates22/02/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/06/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/06/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office23/05/2017
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other06/09/2016
    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 202550,9 k €↓
  2. 2024
    Annual accounts 2024303,8 k €↑
  3. 2023
    Annual accounts 2023-11,2 k €↓
  4. 2022
    Annual accounts 202239,9 k €↓
  5. 2021
    Annual accounts 202149,6 k €↑
  6. 2020
    Annual accounts 202041,4 k €↑
  7. 2019
    Annual accounts 20193 k €↑
  8. 2018
    Annual accounts 2018-19,5 k €↓
  9. 2017
    Annual accounts 201718,4 k €
  10. 02/09/2016
    IncorporationPrivate limited company