ACTIVE

First Construct

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Financial year 2025 · closed on 31/12/2025

Net result

-919,1 €

-191.7% YoY

Gross margin

0,0 €

-100.0% YoY

Equity

87,8 k €

-1.0% YoY

What does First Construct do?

First Construct is a Private company with limited liability incorporated in 2012. Its main activity is: Roofing activities. Its registered office is in Waasmunster.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0848.482.952

Incorporation

06/09/2012

Legal form

Private company with limited liability

Registered office

Heidekapelstraat 15
9250 Waasmunster · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

43910Roofing activities· main 43994Other specialised construction activities n.e.c.41102Development of building projects 68122Buying and selling of own real estate

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	0,0 €	-100%	300,0 €	+106%	-5,1 k €	-109%	54,6 k €	-41.5%	93,3 k €	+273%	25,0 k €	+18.1%	21,2 k €	+453%	-6,0 k €	-66.9%	-3,6 k €	+43.9%	-6,4 k €	-177%	-2,3 k €	-104%	57,9 k €	+1299%	-4,8 k €
EBITDA	-865,1 €	-516%	-140,5 €	+97.3%	-5,2 k €	-110%	53,3 k €	-41.0%	90,3 k €	+280%	23,7 k €	+16.3%	20,4 k €	+401%	-6,8 k €	-55.1%	-4,4 k €	+41.6%	-7,5 k €	-143%	-3,1 k €	-105%	57,0 k €	+1103%	-5,7 k €
Operating result	-865,1 €	-516%	-140,5 €	+97.3%	-5,2 k €	-110%	53,3 k €	-41.0%	90,3 k €	+280%	23,7 k €	+16.3%	20,4 k €	+401%	-6,8 k €	-55.1%	-4,4 k €	+41.6%	-7,5 k €	-143%	-3,1 k €	-105%	56,5 k €	+985%	-6,4 k €
Net result	-919,1 €	-192%	-315,1 €	+94.0%	-5,3 k €	-115%	36,2 k €	-39.1%	59,4 k €	+633%	8,1 k €	+778%	923,7 €	+106%	-14,7 k €	-62.8%	-9,0 k €	+17.7%	-10,9 k €	+33.6%	-16,5 k €	-135%	47,6 k €	+464%	-13,1 k €
Balance sheet
Equity	87,8 k €	-1.0%	88,7 k €	-0.4%	89,0 k €	-5.6%	94,3 k €	+62.3%	58,1 k €	+4482%	-1,3 k €	+85.9%	-9,4 k €	+8.9%	-10,4 k €	-340%	4,3 k €	-67.6%	13,3 k €	-45.1%	24,3 k €	-40.4%	40,7 k €	+691%	-6,9 k €
Total assets	88,1 k €	-1.1%	89,1 k €	-17.4%	107,8 k €	-24.6%	143,0 k €	-50.1%	286,6 k €	-63.8%	791,1 k €	-21.9%	1,0 M €	-14.7%	1,2 M €	+75.8%	675,8 k €	+180%	241,4 k €	-19.6%	300,3 k €	+34.9%	222,7 k €	-38.5%	362,3 k €
Cash	0,0 €	-100%	14,8 €	-99.8%	7,7 k €	-94.6%	142,9 k €	+602%	20,4 k €	+41006%	49,6 €	-99.5%	9,6 k €	+2976%	310,9 €	-96.1%	7,9 k €	-79.8%	39,2 k €	+1951%	1,9 k €	-97.9%	92,7 k €	+1507%	5,8 k €
Debts	309,8 €	-15.2%	365,5 €	-98.1%	18,8 k €	-61.4%	48,7 k €	-78.7%	228,5 k €	-71.2%	792,4 k €	-22.5%	1,0 M €	-14.6%	1,2 M €	+78.6%	670,7 k €	+194%	228,1 k €	-17.4%	276,1 k €	+51.7%	182,0 k €	-50.7%	369,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

Gunther De Maeijer

Director · since 31 août 2012

Active

Pascal Rossaert

Director · since 31 août 2012

Active

Ended mandates

Geoffry ROOMS

Manager · since 16 novembre 2012

Ended

Gunther DE MAEIJER

Manager · since 31 août 2012

Ended

Pascal ROSSAERT

Manager · since 31 août 2012

Ended

Geoffrey Rooms

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
DEMA-INVESTMENT● Active	0880.426.735
ORANGE 48● Active	0535.567.682

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	30/07/2026	31/07/2025	31/07/2024	31/07/2023	20/07/2022	30/08/2021
General meeting	22/06/2026	21/06/2025	15/06/2024	17/06/2023	18/06/2022	19/06/2021
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	22/06/2026	30/07/2026	Dutch	PDF
Micro model	31/12/2024	21/06/2025	31/07/2025	Dutch	PDF
Micro model	31/12/2023	15/06/2024	31/07/2024	Dutch	PDF
Micro model	31/12/2022	17/06/2023	31/07/2023	Dutch	PDF
Micro model	31/12/2021	18/06/2022	20/07/2022	Dutch	PDF
Micro model	31/12/2020	19/06/2021	30/08/2021	Dutch	PDF
Micro model	31/12/2019	20/06/2020	30/10/2020	Dutch	PDF
Micro model	31/12/2018	15/06/2019	30/08/2019	Dutch	PDF
Micro model	31/12/2017	16/06/2018	31/08/2018	Dutch	PDF
Micro model	31/12/2016	17/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	18/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	20/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	21/06/2014	31/07/2014	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 8 ended

Active mandates

Gunther De Maeijer

Director · since 31 août 2012

Active

Pascal Rossaert

Director · since 31 août 2012

Active

Ended mandates

Geoffry ROOMS

Manager · since 16 novembre 2012

Ended

Gunther DE MAEIJER

Manager · since 31 août 2012

Ended

Pascal ROSSAERT

Manager · since 31 août 2012

Ended

Geoffrey Rooms

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/02/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other18/09/2012
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 2025-919,1 €↓
2024
Annual accounts 2024-315,1 €↑
2023
Annual accounts 2023-5,3 k €↓
2022
Annual accounts 202236,2 k €↓
2021
Annual accounts 202159,4 k €↑
2020
Annual accounts 20208,1 k €↑
2019
Annual accounts 2019923,7 €↑
2018
Annual accounts 2018-14,7 k €↓
2017
Annual accounts 2017-9,0 k €↑
2016
Annual accounts 2016-10,9 k €↑
2015
Annual accounts 2015-16,5 k €↓
2014
Annual accounts 201447,6 k €↑
2013
Annual accounts 2013-13,1 k €
06/09/2012
IncorporationPrivate company with limited liability

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 Construct

Overview

What does First Construct do?

Trend over 13 financial years

Indicative valuation

Board of directors

Other companies at this address

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