NORMAL SITUATION

FrontFirst

Financial year 2022 · closed on 31/12/2022
Net result
261 €
-86.2% YoY
Gross margin
14,3 k €
+15.8% YoY
Equity
24,3 k €
+1.1% YoY
Workforce
0,0 ETP

Company — Normal situation.

What does FrontFirst do?

FrontFirst is a company registered in Belgium.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0689.955.456
Legal form
Private limited company
Contributed capital
18 600,00 €
Latest accounts
31/12/2022
Average workforce
0,0 ETP
Joint committees (1)
  • 227
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20222021202020202019
Income statement
Gross margin14,3 k €12,3 k €94,5 k €114,7 k €259,4 k €
EBITDA9 k €11,9 k €8,5 k €113,3 k €209,5 k €
Operating result555,6 €2,7 k €4,1 k €111,2 k €208,2 k €
Net result261 €1,9 k €1,7 k €78,3 k €144,6 k €
Balance sheet
Equity24,3 k €24,1 k €22,2 k €20,5 k €20,5 k €
Total assets271,3 k €270,3 k €1 M €471 k €414,7 k €
Cash4,4 k €17,6 k €37,9 k €21,7 k €182,9 k €
Debts247 k €246,2 k €993,1 k €450,5 k €394,3 k €
Other
Workforce0,0 ETP1,0 ETP
Governance

Board of directors

Seen on filing of 31/12/2022 · 2 active · 8 ended

Active mandates

Studio Twist

Director · since 30 octobre 2020 · 0809.408.382

Represented by Warre Buysse

Active
Tvnrshgn

Director · since 30 octobre 2020 · 0688.971.006

Represented by Van ORSHAEGEN THOMAS

Active

Ended mandates

Loreland

Managing director · 0635.809.363

Ended
Loreland

Managing director · 0635.809.363

Represented by Roeland Tegenbos

Ended
MAARTEN SOMERS

Director

Ended
MAARTEN SOMERS

Administrator - manager

Ended
Annual accounts

Full financial information

20222021202020202019
Type of accountAbridged modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/01/202201/01/202101/04/202001/04/201907/02/2018
Closing of the financial year31/12/202231/12/202131/12/202031/03/202031/03/2019
Length of the financial year12 months12 months9 months12 months14 months
Filing date07/08/202329/07/202207/06/202126/10/202024/10/2019
General meeting30/06/202328/07/202218/05/202101/09/202002/09/2019
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202230/06/202307/08/2023DutchPDF
Micro model31/12/202128/07/202229/07/2022DutchPDF
Micro model31/12/202018/05/202107/06/2021DutchPDF
Micro model31/03/202001/09/202026/10/2020DutchPDF
Abridged model31/03/201902/09/201924/10/2019DutchPDF
Estimate

Indicative valuation

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 31/12/2022 · 2 active · 8 ended

Active mandates

Studio Twist

Director · since 30 octobre 2020 · 0809.408.382

Represented by Warre Buysse

Active
Tvnrshgn

Director · since 30 octobre 2020 · 0688.971.006

Represented by Van ORSHAEGEN THOMAS

Active

Ended mandates

Loreland

Managing director · 0635.809.363

Ended
Loreland

Managing director · 0635.809.363

Represented by Roeland Tegenbos

Ended
MAARTEN SOMERS

Director

Ended
MAARTEN SOMERS

Administrator - manager

Ended
Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2022
    Annual accounts 2022261 €
  2. 2021
    Annual accounts 20211,9 k €
  3. 2020
    Annual accounts 20201,7 k €
  4. 2020
    Annual accounts 202078,3 k €
  5. 2019
    Annual accounts 2019144,6 k €