ACTIVE

FIRST TIME RIGHT

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Financial year 2025 · closed on 31/12/2025
Net result
14,9 k €
+29.2% YoY
Gross margin
1,3 M €
+7.6% YoY
Equity
160,5 k €
+3.4% YoY
Workforce
21,0 ETP
+1.0% YoY

What does FIRST TIME RIGHT do?

FIRST TIME RIGHT is a Private limited company incorporated in 2017. Its main activity is: Freight transport by road. Its registered office is in Wetteren. It employs on average 21,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0683.714.891
Incorporation
25/10/2017
Legal form
Private limited company
Registered office
Biezeweg 9
9230 Wetteren · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
21,0 ETP
Activities (NACE)
49410Freight transport by road· main49410Freight transport by road
Joint committees (1)
  • 14003
Contacts
1 public detail availableLog in to view
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin1,3 M €1,2 M €1,4 M €1,2 M €1,1 M €
EBITDA108,5 k €84,4 k €176,1 k €128,3 k €210,2 k €
Operating result24,7 k €20,3 k €96,4 k €42 k €136,6 k €
Net result14,9 k €11,5 k €78,6 k €25,7 k €122,5 k €
Balance sheet
Equity160,5 k €155,3 k €155 k €132,2 k €126,1 k €
Total assets712,4 k €412,5 k €556,6 k €592,7 k €642 k €
Cash84,2 k €61,2 k €155 k €87,7 k €111,5 k €
Debts551,9 k €257,2 k €401,7 k €460,4 k €515,9 k €
Other
Workforce21,0 ETP20,8 ETP23,7 ETP24,4 ETP21,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

ACRIBI

Director · since 09 novembre 2023 · 0879.653.309

Represented by Anouck Bracke

Active
SwissSleep

Director · since 09 novembre 2023 · 0546.834.827

Represented by Emmanuel DESAEVER

Active

Ended mandates

ACRIBI

Director · since 25 octobre 2017 · 0879.653.309

Represented by Anouck Bracke

Ended
ACRIBI

Manager · since 25 octobre 2017 · 0879.653.309

Represented by Anouck Bracke

Ended
SwissSleep

Director · since 25 octobre 2017 · 0546.834.827

Represented by Emmanuel Desaever

Ended
SwissSleep

Manager · since 25 octobre 2017 · 0546.834.827

Represented by Emmanuel Desaever

Ended
At this address

Other companies at this address

CompanyCBE no.
ACRIBI● Active
0879.653.309
Intres XP● Active
0536.546.590
ROTA RETAIL● Active
0840.745.124
SLAAPADVIES● Active
0891.010.128
SwissSleep● Active
0546.834.827
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelMicro 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 date26/06/202602/06/202519/09/202424/07/202308/02/202327/09/2021
General meeting04/06/202628/05/202516/09/202430/06/202308/02/202330/08/2021
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202504/06/202626/06/2026DutchPDF
Abridged model31/12/202428/05/202502/06/2025DutchPDF
Abridged model31/12/202316/09/202419/09/2024DutchPDF
Abridged model31/12/202230/06/202324/07/2023DutchPDF
Abridged model31/12/202108/02/202308/02/2023DutchPDF
Micro model31/12/202030/08/202127/09/2021DutchPDF
Micro model31/12/201929/08/202025/09/2020DutchPDF
Micro model31/12/201818/06/201929/07/2019DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 2 active · 8 ended

Active mandates

ACRIBI

Director · since 09 novembre 2023 · 0879.653.309

Represented by Anouck Bracke

Active
SwissSleep

Director · since 09 novembre 2023 · 0546.834.827

Represented by Emmanuel DESAEVER

Active

Ended mandates

ACRIBI

Director · since 25 octobre 2017 · 0879.653.309

Represented by Anouck Bracke

Ended
ACRIBI

Manager · since 25 octobre 2017 · 0879.653.309

Represented by Anouck Bracke

Ended
SwissSleep

Director · since 25 octobre 2017 · 0546.834.827

Represented by Emmanuel Desaever

Ended
SwissSleep

Manager · since 25 octobre 2017 · 0546.834.827

Represented by Emmanuel Desaever

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates28/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office22/06/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office11/05/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other27/10/2017
    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 202514,9 k €↑
  2. 2024
    Annual accounts 202411,5 k €↓
  3. 2023
    Annual accounts 202378,6 k €↑
  4. 2022
    Annual accounts 202225,7 k €↓
  5. 2021
    Annual accounts 2021122,5 k €
  6. 25/10/2017
    IncorporationPrivate limited company