ACTIVE

First Retail Partners

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Financial year 2025 · closed on 31/12/2025
Net result
461,8 k €
+745.1% YoY
Equity
87,6 M €
-5.3% YoY

What does First Retail Partners do?

First Retail Partners is a Limited partnership incorporated in 2023. Its registered office is in Dilbeek.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 1002.376.719
Incorporation
17/11/2023
Legal form
Limited partnership
Registered office
Alfons Gossetlaan 34 box 401
1702 Dilbeek · FlandreSee on map
Contributed capital
87 111 390,45 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 2 financial years

20252024
Income statement
Gross margin–-516,3 k €
EBITDA-541,4 k €-517,1 k €
Operating result-565,5 k €-541,2 k €
Net result461,8 k €54,6 k €
Balance sheet
Equity87,6 M €92,5 M €
Total assets87,7 M €92,6 M €
Cash621,2 k €6,3 M €
Debts106,7 k €62,8 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active

Active mandates

MITISKA REAL ESTATE INVESTMENT MANAGEMENT

Manager · since 17 novembre 2023 · 0449.790.681

Represented by Axel Despriet

Active
At this address

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Annual accounts

Full financial information

20252024
Type of accountFull modelAbridged model
Start of the financial year01/01/202515/11/2023
Closing of the financial year31/12/202531/12/2024
Length of the financial year12 months14 months
Filing date26/05/202619/05/2025
General meeting28/04/202606/05/2025
Currency of the financial yearEUREUR
NBB quality labelSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

2 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202528/04/202626/05/2026DutchPDF
Abridged model31/12/202406/05/202519/05/2025DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active

Active mandates

MITISKA REAL ESTATE INVESTMENT MANAGEMENT

Manager · since 17 novembre 2023 · 0449.790.681

Represented by Axel Despriet

Active
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares15/06/2026
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares19/05/2025
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office30/01/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares10/05/2024
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares10/05/2024
    DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other21/11/2023
    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

Timeline

  1. 19/05/2026
    reduction_capital
  2. 2025
    Annual accounts 2025461,8 k €↑
  3. 21/03/2025
    reduction_capital
  4. 2024
    Annual accounts 202454,6 k €
  5. 22/12/2023
    augmentation_capital
  6. 17/11/2023
    IncorporationLimited partnership