ACTIVE

PEOPLE FIRST MANAGEMENT

Financial year 2025 · closed on 31/12/2025
Net result
-156,6 k €
-5.3% YoY
Gross margin
672,8 k €
-25.1% YoY
Equity
42,4 k €
-78.7% YoY
Workforce
10,6 ETP
-98.9% YoY

What does PEOPLE FIRST MANAGEMENT do?

PEOPLE FIRST MANAGEMENT is a Private limited company incorporated in 2010. Its registered office is in Bruxelles. It employs on average 10,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0828.029.513
Incorporation
23/07/2010
Legal form
Private limited company
Registered office
Rue du Beau Site 26
1000 Bruxelles · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
10,6 ETP
Joint committees (1)
  • 200
Signals
Positive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220222021202020192018201720152014201320122011
Income statement
Gross margin672,8 k €898,3 k €1 M €834,6 k €655 k €2,8 k €604,1 k €594,5 k €567,9 k €509,4 k €53,3 k €19,4 k €42,6 k €5,8 k €11,1 k €
EBITDA16,1 k €230,7 k €353,4 k €359,2 k €196,8 k €-199,5 k €97,3 k €114,4 k €112,6 k €157,7 k €34,2 k €18,6 k €41,6 k €5 k €10,7 k €
Operating result-141,9 k €69,1 k €195,1 k €270,9 k €93,9 k €-291,7 k €675 €15 k €13,3 k €29,8 k €25,3 k €9,5 k €33,9 k €886 €6 k €
Net result-156,6 k €-148,7 k €187,9 k €233,2 k €81,6 k €-295,7 k €22,5 k €56,5 k €5,2 k €14,3 k €7,6 k €5,1 k €33,9 k €2,7 k €3,6 k €
Balance sheet
Equity42,4 k €199 k €347,6 k €159,8 k €-73,5 k €-142 k €166,3 k €156,5 k €112,7 k €120,1 k €47 k €42,3 k €34,9 k €19,6 k €13,6 k €
Total assets1,7 M €2,3 M €1,6 M €1,9 M €1,6 M €1,1 M €1,3 M €1,4 M €951,8 k €984,1 k €640,5 k €358,3 k €188,1 k €115,5 k €44,9 k €
Cash29,7 k €105,8 k €80,8 k €114,6 k €45,4 k €87,8 k €86,3 k €67,1 k €23,5 k €44,7 k €25,4 k €1,9 k €
Debts1,4 M €1,8 M €1,1 M €1,7 M €1,6 M €1,3 M €1,2 M €1,1 M €699,4 k €728,1 k €548,3 k €297,4 k €152,3 k €65 k €31,3 k €
Other
Workforce10,6 ETP988,0 ETP10,9 ETP2,0 ETP9,0 ETP8,0 ETP26,0 ETP10,0 ETP1,0 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 · 3 active · 15 ended

Active mandates

ARLO

Director · since 15 décembre 2022 · 0549.871.917

Represented by Arthur Lhoist

Active
SPORTS VENTURES

Director · since 31 mars 2022 · 0607.893.852

Represented by Nicolas Lhoist

Active
TANGUY DESCHAMPS

Director · since 31 mars 2022

Active

Ended mandates

ARLO

Director · since 15 décembre 2022 · 0549.871.917

Represented by Arthur Lhoist

Ended
ANTOINE GHEYSENS MANAGEMENT

Director · since 31 mars 2022 · until 02 juin 2025 · 0844.825.854

Represented by Antoine Gheysens

Ended
ANTOINE GHEYSENS MANAGEMENT

Director · since 31 mars 2022 · 0844.825.854

Represented by ANTOINE GHEYSENS

Ended
SPORTS VENTURES

Director · since 31 mars 2022 · 0607.893.852

Represented by NICOLAS LHOIST

Ended
At this address

Other companies at this address

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0850.068.309
ARBEALActive
0550.744.818
0666.625.174
0402.888.510
0403.411.419
TERO BRUSSELSActive
0666.442.260
0646.790.258
Annual accounts

Full financial information

202520242023202220222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/04/202201/04/202101/04/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/03/202231/03/2021
Length of the financial year12 months12 months12 months9 months12 months12 months
Filing date09/06/202623/07/202519/07/202425/04/202409/11/202205/01/2022
General meeting01/06/202602/06/202503/06/202402/06/202330/09/202224/09/2021
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

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202609/06/2026FrenchPDF
Abridged model31/12/202402/06/202523/07/2025FrenchPDF
Abridged model31/12/202303/06/202419/07/2024FrenchPDF
Abridged modelCorrection31/12/202202/06/202325/04/2024FrenchPDF
Abridged model31/12/202202/06/202331/07/2023FrenchPDF
Abridged model31/03/202230/09/202209/11/2022FrenchPDF
Abridged model31/03/202124/09/202105/01/2022FrenchPDF
Abridged model31/03/202025/09/202030/11/2020FrenchPDF
Abridged model31/03/201927/09/201929/11/2019FrenchPDF
Abridged model31/03/201828/09/201831/10/2018FrenchPDF
Abridged model31/03/201729/09/201731/10/2017FrenchPDF
Abridged model30/09/201520/03/201628/03/2016FrenchPDF
Abridged model30/09/201405/03/201515/05/2015FrenchPDF
Abridged model30/09/201329/04/201430/04/2014FrenchPDF
Abridged model30/09/201217/02/201330/04/2013FrenchPDF
Abridged model31/05/201107/11/201124/01/2012FrenchPDF
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 · 3 active · 15 ended

Active mandates

ARLO

Director · since 15 décembre 2022 · 0549.871.917

Represented by Arthur Lhoist

Active
SPORTS VENTURES

Director · since 31 mars 2022 · 0607.893.852

Represented by Nicolas Lhoist

Active
TANGUY DESCHAMPS

Director · since 31 mars 2022

Active

Ended mandates

ARLO

Director · since 15 décembre 2022 · 0549.871.917

Represented by Arthur Lhoist

Ended
ANTOINE GHEYSENS MANAGEMENT

Director · since 31 mars 2022 · until 02 juin 2025 · 0844.825.854

Represented by Antoine Gheysens

Ended
ANTOINE GHEYSENS MANAGEMENT

Director · since 31 mars 2022 · 0844.825.854

Represented by ANTOINE GHEYSENS

Ended
SPORTS VENTURES

Director · since 31 mars 2022 · 0607.893.852

Represented by NICOLAS LHOIST

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates20/07/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office16/12/2025
    SIEGE SOCIAL
    PDF
  • Mandates05/08/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office05/03/2024
    SIEGE SOCIAL
    PDF
  • Mandates27/12/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - COMPTES ANNUELS - DIVERS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Restructuring23/05/2022
    DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring13/05/2022
    OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring16/02/2022
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
    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 2025-156,6 k €
  2. 2024
    Annual accounts 2024-148,7 k €
  3. 2023
    Annual accounts 2023187,9 k €
  4. 2022
    Annual accounts 2022233,2 k €
  5. 2022
    Annual accounts 202281,6 k €
  6. 2021
    Annual accounts 2021-295,7 k €
  7. 2020
    Annual accounts 202022,5 k €
  8. 2019
    Annual accounts 201956,5 k €
  9. 2018
    Annual accounts 20185,2 k €
  10. 2017
    Annual accounts 201714,3 k €
  11. 2015
    Annual accounts 20157,6 k €
  12. 2014
    Annual accounts 20145,1 k €
  13. 2013
    Annual accounts 201333,9 k €
  14. 2012
    Annual accounts 20122,7 k €
  15. 2011
    Annual accounts 20113,6 k €
  16. 23/07/2010
    IncorporationPrivate limited company