ACTIVE

FIRST GEAR

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Financial year 2025 · Closed on 31/12/2025

Net result138,4 k €+330,5 %over 1 year
Gross margin195,5 k €+393,3 %over 1 year
Equity275,3 k €+46,1 %over 1 year

Identity

Source · BCE/KBO

FIRST GEAR is a Private limited company incorporated in 2012. Its main activity is: Management consultancy activities. Its registered office is in Damme.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0846.978.264
Incorporation
29/06/2012
Legal form
Private limited company
Registered office
Vissersstraat 21 box B
8340 Damme · FlandreSee on map
Contributed capital
12 400,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 14 filings

Trend over 14 financial years

20252024202320222021
Income statement
Gross margin195,5 k €39,6 k €88,5 k €39,1 k €36,3 k €
EBITDA194,2 k €36,7 k €86,6 k €37,6 k €23 k €
Operating result194,2 k €36,7 k €85,6 k €36,4 k €21,9 k €
Net result138,4 k €32,1 k €64,5 k €27,8 k €13,2 k €
Balance sheet
Equity275,3 k €188,4 k €156,2 k €260 k €232,2 k €
Total assets343,2 k €206,8 k €295,3 k €331,6 k €274,1 k €
Cash1,3 k €42,7 k €67 k €235,2 k €67,2 k €
Debts67,9 k €18,4 k €139 k €71,6 k €40,9 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Mathias Theys
Directorsince 28/06/2012Manager28/06/2012 → 2018 accountsended

Other companies at this address

Vissersstraat 21 8340 Damme
CompanyCBE no.
Black Bull● Active
1009.969.740
Black Bullet● Active
1010.679.226
BLACK DUCK● Active
0632.535.713
BLACK GOOSE● Active
0632.643.502
BLACK SWAN● Active
0827.036.648
DAUTRICOURT INVEST● Active
1016.877.130
FARADAY BROTHERS● Active
0753.610.024
Next Gear● Active
0869.565.210
SWAN ENERGY 2● Active
0713.954.543

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/07/202620/06/202512/07/202413/07/202315/07/202212/07/2021
General meeting27/06/202606/06/202528/06/202402/06/202303/06/202204/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 14 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202527/06/202601/07/2026DutchPDF
Micro model31/12/202406/06/202520/06/2025DutchPDF
Micro model31/12/202328/06/202412/07/2024DutchPDF
Micro model31/12/202202/06/202313/07/2023DutchPDF
Micro model31/12/202103/06/202215/07/2022DutchPDF
Micro model31/12/202004/06/202112/07/2021DutchPDF
Micro model31/12/201905/06/202016/09/2020DutchPDF
Micro model31/12/201807/06/201930/08/2019DutchPDF
Micro model31/12/201701/06/201827/06/2018DutchPDF
Micro model31/12/201602/06/201718/07/2017DutchPDF
Abridged model31/12/201503/06/201601/07/2016DutchPDF
Abridged model31/12/201405/06/201520/07/2015DutchPDF
Abridged model31/12/201306/06/201414/07/2014DutchPDF
Abridged model31/12/201207/06/201324/06/2013DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Mathias Theys
Directorsince 28/06/2012Manager28/06/2012 → 2018 accountsended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates18/05/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other03/07/2012
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings14 filings
Mandates
Mathias Theys
201220132014201520162017201820192020202120222023202420252026
FIRST GEAR
Vissersstraat 21/B, 8340 Damme
DirectorManager
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Vissersstraat 21 bte B, 8340 DammeCurrent
CBE
Vissersstraat 21b, 8340 Damme
accounts 2025
Accounts 2025 · 2026-00259343
Vissersstraat 21/B, 8340 Damme
accounts 2022 → 2024
Accounts 2024 · 2025-00166603
Vissersstraat 21 bte B, 8340 Damme
accounts 2021
Accounts 2021 · 2022-20197314

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
FIRST GEARCurrent
accounts 2012 → 2025
Accounts 2025 · 2026-00259343

Events

  1. 2025
    Annual accounts 2025138,4 k €↑
  2. 2024
    Annual accounts 202432,1 k €↓
  3. 2023
    Annual accounts 202364,5 k €↑
  4. 2022
    Annual accounts 202227,8 k €↑
  5. 2021
    Annual accounts 202113,2 k €↓
  6. 2020
    Annual accounts 202031,2 k €↑
  7. 2019
    Annual accounts 20197 k €↓
  8. 2018
    Annual accounts 2018102 k €↑
  9. 2017
    Annual accounts 201766,2 k €↑
  10. 2016
    Annual accounts 201629,7 k €↑
  11. 2015
    Annual accounts 20158,4 k €↓
  12. 2014
    Annual accounts 201411,8 k €↓
  13. 2013
    Annual accounts 201368,4 k €↑
  14. 2012
    Annual accounts 20125,1 k €
  15. 29/06/2012
    IncorporationPrivate limited company