ACTIVE

FIRST LINE CONSULTING

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Financial year 2025 · closed on 31/12/2025

Net result

60,3 k €

+17.0% YoY

Gross margin

159,2 k €

+6.2% YoY

Equity

476,4 k €

+7.3% YoY

What does FIRST LINE CONSULTING do?

FIRST LINE CONSULTING is a Private limited company incorporated in 2009. Its main activity is: Development of building projects. Its registered office is in Horebeke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0809.381.757

Incorporation

23/01/2009

Legal form

Private limited company

Registered office

Rokegem 15/C
9667 Horebeke · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 41001Construction of buildings 41102Development of building projects 41201Construction of residential and non-residential buildings 68122Buying and selling of own real estate+4

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2018		2017		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	159,2 k €	+6.2%	149,9 k €	+0.4%	149,4 k €	+77.4%	84,2 k €	+46.0%	57,7 k €	-52.9%	122,4 k €	+56.8%	78,1 k €	-45.5%	143,2 k €	-25.4%	191,8 k €	+84.3%	104,1 k €	+48.5%	70,1 k €	+644%	9,4 k €	-91.8%	114,5 k €	+200%	38,2 k €	-20.9%	48,3 k €
EBITDA	154,4 k €	+5.8%	146 k €	+4.3%	140 k €	+72.7%	81,1 k €	+53.4%	52,9 k €	-55.8%	119,5 k €	+54.6%	77,3 k €	-44.7%	139,8 k €	-21.7%	178,6 k €	+116%	82,8 k €	+58.3%	52,3 k €	+601%	7,5 k €	-91.7%	89,5 k €	+141%	37,1 k €	+1141%	-3,6 k €
Operating result	103,8 k €	+6.3%	97,6 k €	+4.1%	93,7 k €	+167%	35 k €	+73.5%	20,2 k €	-82.8%	117,3 k €	+53.3%	76,5 k €	-44.7%	138,4 k €	-20.4%	173,8 k €	+116%	80,4 k €	+65.0%	48,7 k €	+708%	6 k €	-93.1%	86,8 k €	+157%	33,8 k €	+868%	-4,4 k €
Net result	60,3 k €	+17.0%	51,5 k €	-36.5%	81 k €	+447%	14,8 k €	+1326%	-1,2 k €	-102%	79,5 k €	+84.1%	43,2 k €	-51.3%	88,7 k €	-11.7%	100,4 k €	+171%	37,1 k €	-9.0%	40,8 k €	+203%	-39,8 k €	-150%	79,3 k €	+138%	33,3 k €	+863%	-4,4 k €
Balance sheet
Equity	476,4 k €	+7.3%	444,1 k €	-5.8%	471,6 k €	+8.8%	433,6 k €	-16.4%	518,8 k €	+21.3%	427,8 k €	+22.8%	348,2 k €	+14.2%	305 k €	+17.7%	259,2 k €	+63.3%	158,7 k €	+30.5%	121,6 k €	+50.4%	80,9 k €	-33.0%	120,6 k €	+192%	41,3 k €	+414%	8 k €
Total assets	1,1 M €	-8.6%	1,2 M €	-3.9%	1,2 M €	+0.2%	1,2 M €	-7.6%	1,3 M €	+133%	559,2 k €	-34.5%	854,4 k €	+51.9%	562,3 k €	+21.0%	464,5 k €	+12.6%	412,6 k €	+67.5%	246,3 k €	-36.2%	386,2 k €	+120%	175,6 k €	+36.6%	128,5 k €	+41.5%	90,8 k €
Cash	26,5 k €	+97.7%	13,4 k €	-37.0%	21,2 k €	+131%	9,2 k €	-79.1%	44 k €	-36.2%	68,9 k €	-80.5%	354,1 k €	+239%	104,4 k €	+18.4%	88,2 k €	-50.7%	178,8 k €	+436%	33,3 k €	-12.6%	38,1 k €	-1.6%	38,7 k €	+43.8%	26,9 k €	-63.4%	73,6 k €
Debts	543,4 k €	-20.5%	683,4 k €	-2.7%	702,5 k €	-4.9%	738,5 k €	-1.8%	751,8 k €	+672%	97,4 k €	-79.4%	472,1 k €	+111%	223,3 k €	+40.4%	159 k €	-14.1%	185,1 k €	+175%	67,3 k €	-75.2%	271,3 k €	+1197%	20,9 k €	-51.6%	43,2 k €	-11.5%	48,8 k €

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 · 2 ended

Active mandates

Els De Winne

Director

Active

Guy Geuens

Director

Active

Ended mandates

ELS DE WINNE

Manager

Ended

GUY GEUENS

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/07/2026	23/06/2025	30/08/2024	16/06/2023	16/07/2022	28/06/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	19/06/2026	13/07/2026	Dutch	PDF
Micro model	31/12/2024	20/06/2025	23/06/2025	Dutch	PDF
Micro model	31/12/2023	21/06/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2022	16/06/2023	16/06/2023	Dutch	PDF
Micro model	31/12/2021	17/06/2022	16/07/2022	Dutch	PDF
Micro model	31/12/2020	18/06/2021	28/06/2021	Dutch	PDF
Micro model	31/12/2019	19/06/2020	05/08/2020	Dutch	PDF
Micro model	31/12/2018	21/06/2019	06/09/2019	Dutch	PDF
Micro model	31/12/2017	15/06/2018	15/10/2018	Dutch	PDF
Micro model	30/06/2017	16/12/2017	04/01/2018	Dutch	PDF
Abridged model	30/06/2016	17/12/2016	01/02/2017	Dutch	PDF
Abridged model	30/06/2015	19/12/2015	24/12/2015	Dutch	PDF
Abridged model	30/06/2014	20/12/2014	24/12/2015	Dutch	PDF
Abridged model	30/06/2013	21/12/2013	07/07/2014	Dutch	PDF
Abridged model	30/06/2012	15/12/2012	30/01/2013	Dutch	PDF
Abridged model	30/06/2011	17/12/2011	05/03/2012	Dutch	PDF
Abridged model	30/06/2010	18/12/2010	31/01/2011	Dutch	PDF

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 · 2 ended

Active mandates

Els De Winne

Director

Active

Guy Geuens

Director

Active

Ended mandates

ELS DE WINNE

Manager

Ended

GUY GEUENS

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/06/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office15/01/2018
MAATSCHAPPELIJKE ZETEL - ALGEMENE VERGADERING - BOEKJAAR
PDF
Other05/02/2009
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 202560,3 k €↑
2024
Annual accounts 202451,5 k €↓
2023
Annual accounts 202381 k €↑
2022
Annual accounts 202214,8 k €↑
2021
Annual accounts 2021-1,2 k €↓
2018
Annual accounts 201879,5 k €↑
2017
Annual accounts 201743,2 k €↓
2017
Annual accounts 201788,7 k €↓
2016
Annual accounts 2016100,4 k €↑
2015
Annual accounts 201537,1 k €↓
2014
Annual accounts 201440,8 k €↑
2013
Annual accounts 2013-39,8 k €↓
2012
Annual accounts 201279,3 k €↑
2011
Annual accounts 201133,3 k €↑
2010
Annual accounts 2010-4,4 k €
23/01/2009
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

FIRST LINE CONSULTING

Overview

What does FIRST LINE CONSULTING do?

Trend over 15 financial years

Indicative valuation

Board of directors

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