ACTIVE

FIRST BASE

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Financial year 2025 · closed on 31/12/2025

Net result

-1,1 k €

-103.3% YoY

Gross margin

5,4 k €

-90.6% YoY

Equity

209,9 k €

-8.0% YoY

What does FIRST BASE do?

FIRST BASE is a Private limited company incorporated in 2009. Its main activity is: Management consultancy activities. Its registered office is in Beersel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0812.401.526

Incorporation

19/06/2009

Legal form

Private limited company

Registered office

Blutsdelle 28
1652 Beersel · FlandreSee on map

Contributed capital

8 060,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	5,4 k €	-90.6%	58,1 k €	+5.9%	54,9 k €	+20.3%	45,6 k €	-38.1%	73,7 k €	+66.3%	44,3 k €	+61.5%	27,5 k €	+68.4%	16,3 k €	-40.2%	27,3 k €	+24.6%	21,9 k €	+23.6%	17,7 k €	+994%	-2,0 k €	-107%	27,6 k €	+493%	4,7 k €	-95.2%	96,7 k €	+2501%	-4,0 k €	-120%	20,2 k €
EBITDA	5,0 k €	-91.3%	57,7 k €	+6.6%	54,1 k €	+19.8%	45,2 k €	-38.3%	73,2 k €	+66.8%	43,9 k €	+62.5%	27,0 k €	+70.4%	15,8 k €	-40.9%	26,8 k €	+25.2%	21,4 k €	+24.2%	17,2 k €	+803%	-2,5 k €	-109%	27,2 k €	+595%	3,9 k €	-96.0%	96,5 k €	+2325%	-4,3 k €	-122%	20,2 k €
Operating result	-896,8 €	-102%	47,6 k €	+6.2%	44,9 k €	+14.8%	39,1 k €	-42.7%	68,2 k €	+97.9%	34,4 k €	+53.3%	22,5 k €	+92.7%	11,7 k €	-49.1%	22,9 k €	+19.0%	19,3 k €	+29.4%	14,9 k €	+396%	-5,0 k €	-119%	26,5 k €	+17906%	147,0 €	-99.8%	89,7 k €	+919%	-11,0 k €	-164%	17,0 k €
Net result	-1,1 k €	-103%	34,0 k €	+5.2%	32,4 k €	+11.7%	29,0 k €	-41.4%	49,4 k €	+93.5%	25,6 k €	+56.7%	16,3 k €	+98.8%	8,2 k €	-46.4%	15,3 k €	+17.3%	13,0 k €	+14.9%	11,3 k €	+329%	-4,9 k €	-125%	19,7 k €	+7100%	-281,0 €	-100%	66,7 k €	+1075%	-6,8 k €	-166%	10,4 k €
Balance sheet
Equity	209,9 k €	-8.0%	228,2 k €	+12.3%	203,1 k €	+8.7%	186,9 k €	+17.8%	158,7 k €	+44.2%	110,0 k €	+29.0%	85,3 k €	+22.2%	69,8 k €	+13.3%	61,6 k €	+33.1%	46,3 k €	+12.2%	41,2 k €	-8.1%	44,9 k €	-19.6%	55,8 k €	+54.4%	36,2 k €	-0.8%	36,5 k €	+272%	9,8 k €	-41.1%	16,6 k €
Total assets	216,1 k €	-8.1%	235,2 k €	+12.9%	208,4 k €	-3.6%	216,3 k €	+22.6%	176,4 k €	+43.0%	123,3 k €	+32.7%	92,9 k €	+27.2%	73,1 k €	-7.7%	79,1 k €	+22.4%	64,7 k €	-2.8%	66,5 k €	+24.5%	53,4 k €	-28.4%	74,6 k €	+21.4%	61,5 k €	-45.4%	112,6 k €	+273%	30,2 k €	-30.5%	43,5 k €
Cash	81,5 k €	-11.3%	91,9 k €	+50.2%	61,2 k €	+6.4%	57,5 k €	-33.1%	85,9 k €	+337%	19,7 k €	-59.2%	48,2 k €	+15.1%	41,9 k €	+3.3%	40,5 k €	+4.3%	38,9 k €	-3.9%	40,4 k €	+11.2%	36,4 k €	-11.8%	41,2 k €	+1.7%	40,5 k €	-21.2%	51,4 k €	+421%	9,9 k €	-32.2%	14,6 k €
Debts	6,2 k €	-12.4%	7,0 k €	+33.3%	5,3 k €	-82.0%	29,4 k €	+66.1%	17,7 k €	+33.2%	13,3 k €	+73.9%	7,6 k €	+134%	3,3 k €	-81.4%	17,5 k €	-4.6%	18,4 k €	-27.3%	25,3 k €	+214%	8,0 k €	-56.1%	18,3 k €	-24.7%	24,3 k €	-68.1%	76,2 k €	+273%	20,4 k €	-23.9%	26,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

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

Active mandates

BEATRIJS LINDEMANS

Director

Active

Luc Malcorps

Director

Active

Ended mandates

BEATRIJS LINDEMANS

Manager

Ended

LUC MALCORPS

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	26/06/2026	06/06/2025	28/06/2024	15/06/2023	01/07/2022	18/06/2021
General meeting	18/06/2026	23/05/2025	24/06/2024	15/05/2023	16/06/2022	11/06/2021
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	18/06/2026	26/06/2026	Dutch	PDF
Micro model	31/12/2024	23/05/2025	06/06/2025	Dutch	PDF
Micro model	31/12/2023	24/06/2024	28/06/2024	Dutch	PDF
Micro model	31/12/2022	15/05/2023	15/06/2023	Dutch	PDF
Micro model	31/12/2021	16/06/2022	01/07/2022	Dutch	PDF
Micro model	31/12/2020	11/06/2021	18/06/2021	Dutch	PDF
Micro model	31/12/2019	11/06/2020	12/06/2020	Dutch	PDF
Micro model	31/12/2018	10/05/2019	28/05/2019	Dutch	PDF
Micro model	31/12/2017	11/03/2018	16/03/2018	Dutch	PDF
Micro model	31/12/2016	17/03/2017	04/04/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	16/06/2015	16/06/2015	Dutch	PDF
Abridged model	31/12/2013	12/06/2014	20/08/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	18/04/2012	20/04/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	04/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	12/07/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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

BEATRIJS LINDEMANS

Director

Active

Luc Malcorps

Director

Active

Ended mandates

BEATRIJS LINDEMANS

Manager

Ended

LUC MALCORPS

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

2025
Annual accounts 2025-1,1 k €↓
2024
Annual accounts 202434,0 k €↑
2023
Annual accounts 202332,4 k €↑
2022
Annual accounts 202229,0 k €↓
2021
Annual accounts 202149,4 k €↑
2020
Annual accounts 202025,6 k €↑
2019
Annual accounts 201916,3 k €↑
2018
Annual accounts 20188,2 k €↓
2017
Annual accounts 201715,3 k €↑
2016
Annual accounts 201613,0 k €↑
2015
Annual accounts 201511,3 k €↑
2014
Annual accounts 2014-4,9 k €↓
2013
Annual accounts 201319,7 k €↑
2012
Annual accounts 2012-281,0 €↓
2011
Annual accounts 201166,7 k €↑
2010
Annual accounts 2010-6,8 k €↓
2009
Annual accounts 200910,4 k €
19/06/2009
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 BASE

Overview

What does FIRST BASE do?

Trend over 17 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

Similar companies

Similar companies

Timeline