Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GENERAL FIRST from Elsene, company number BE0459285892, closed financial year 2025 with a result of € 2,667 after tax. For that financial year GENERAL FIRST recorded a gross margin of € 77,966 and equity of € 9,881. Compared with financial year 2024, the result moved from € -21,367 to € 2,667. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 21, 2025.
€ 9,881
▲ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,667
▲ still € 21,367 loss in 2024
Profit after tax over the fiscal year.
€ 23,825
▼ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 3,675.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 47,503
▼ 4% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 11,294
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 105,459
▼ 14% vs 2024
€ 15,669 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 46,211
▼ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 51,599
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 28,423 | € 90,817 | € 48,084 | € 77,966 | ▲ 62% |
| Profit after taxes | € 587 | € 20,773 | € -21,367 | € 2,667 | ▲ € 24,034 |
| Equity | € 7,807 | € 28,580 | € 7,213 | € 9,881 | ▲ 37% |
| Total debts | € 153,183 | € 177,772 | € 263,170 | € 216,010 | ▼ 18% |
| Cash | € 13,893 | € 9,835 | € 26,462 | € 23,825 | ▼ 10% |
| Retained profit | € 1,602 | € 22,375 | € 1,008 | € 3,675 | ▲ 265% |
| Bank debt | € 91,952 | € 85,585 | € 122,427 | € 105,459 | ▼ 14% |
| Balance sheet total | € 160,990 | € 206,352 | € 270,383 | € 225,891 | ▼ 16% |
Key figures of GENERAL FIRST, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to GENERAL FIRST?
What happened at GENERAL FIRST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,667. Source: NBB ↗
- New establishment in Knokke-Heist. KBO
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 587 profit in 2022 to € 2,667 profit in 2025.
Paid € 7,097 in corporate taxes since 2022.
Best year ever: 2023, with € 20,773 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind GENERAL FIRST is Karine Himmelfarb.
Directors
According to the 2025 annual accounts
Karine Himmelfarb
Director
Establishments
Establishment units
Physical locations of this company
Baljuwstraat 44
1050 Elsene
Kustlaan 52
8300 Knokke-Heist
Active since 6 July 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0459.285.892
- VAT number
- BE 0459.285.892
- Registered office
- Baljuwstraat 44, 1050 Elsene
- Names & denominations
- GENERAL FIRST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 November 1996
- Peppol
- Active · Active since 8 Dec 2025
- Contact
- [email protected]
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