ACTIVE

First Cut

Financial year 2024 · closed on 31/12/2024
Net result
21,9 k €
+1.5% YoY
Gross margin
231,7 k €
-42.2% YoY
Equity
53,4 k €
+69.3% YoY
Workforce
3,0 ETP
0.0% YoY

What does First Cut do?

First Cut is a Private limited company incorporated in 2022. Its main activity is: Wholesale of perfume and cosmetics. Its registered office is in Sint-Truiden. It employs on average 3,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0784.891.930
Incorporation
15/04/2022
Legal form
Private limited company
Registered office
Bedrijvenstraat 5830
3800 Sint-Truiden · FlandreSee on map
Contributed capital
10 000,00 €
Latest accounts
31/12/2024
Average workforce
3,0 ETP
Joint committees (3)
  • 1160
  • 207
  • 2070
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 2 financial years

20242023
Income statement
Gross margin231,7 k €401 k €
EBITDA67,9 k €72,4 k €
Operating result34 k €39,8 k €
Net result21,9 k €21,6 k €
Balance sheet
Equity53,4 k €31,6 k €
Total assets888,4 k €896,4 k €
Cash47,1 k €11,4 k €
Debts804,9 k €834,8 k €
Other
Workforce3,0 ETP3,0 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 31/12/2024 · 2 active

Active mandates

Caroline Vandewijer

Director

Active
Fréderick Festraets

Director

Active
At this address

Other companies at this address

CompanyCBE no.
0455.950.478
YMF COSMETICSActive
0459.304.304
Annual accounts

Full financial information

20242023
Type of accountAbridged modelAbridged model
Start of the financial year01/01/202415/04/2022
Closing of the financial year31/12/202431/12/2023
Length of the financial year12 months21 months
Filing date30/07/202530/07/2024
General meeting30/06/202530/06/2024
Currency of the financial yearEUREUR
NBB quality labelSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

2 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202430/06/202530/07/2025DutchPDF
Abridged model31/12/202330/06/202430/07/2024DutchPDF
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 31/12/2024 · 2 active

Active mandates

Caroline Vandewijer

Director

Active
Fréderick Festraets

Director

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other20/04/2022
    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. 2024
    Annual accounts 202421,9 k €
  2. 2023
    Annual accounts 202321,6 k €
  3. 15/04/2022
    IncorporationPrivate limited company