Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2024; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
FIRST AIRLINES from Elsene, company number BE0466427666, closed financial year 2024 with a result of € -113,502 after tax. For that financial year FIRST AIRLINES recorded a gross margin of € -76,000 and equity of € -68,439. Compared with financial year 2023, the result moved from € -54,849 to € -113,502. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2025.
€ -68,439
▼ € 113,502 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -113,502
▼ 107 % more loss than in 2023
Profit after tax over the fiscal year.
€ 6,473
▼ 59% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -130,413.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -10,872 | € 8,791 | € -26,263 | € -76,000 | ▼ € 49,736 |
| Profit after taxes | € -32,814 | € -13,344 | € -54,849 | € -113,502 | ▼ € 58,653 |
| Equity | € 113,255 | € 99,911 | € 45,062 | € -68,439 | ▼ € 113,502 |
| Total debts | € 417,730 | € 427,929 | € 761,873 | € 306,197 | ▼ 60% |
| Cash | € 5 | - | € 15,748 | € 6,473 | ▼ 59% |
| Land & buildings | € 439,390 | € 430,019 | € 420,648 | € 145,758 | ▼ 65% |
| Retained profit | € 51,281 | € 37,938 | € -16,911 | € -130,413 | ▼ € 113,502 |
| Bank debt | € 390,527 | € 340,784 | € 334,241 | € 0 | ▼ 100% |
| Balance sheet total | € 558,356 | € 555,212 | € 834,307 | € 237,757 | ▼ 72% |
Key figures of FIRST AIRLINES, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to FIRST AIRLINES?
What happened at FIRST AIRLINES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 113,502. filed late Source: NBB ↗
- ABIS SRL became a director. NBB
- Willme KUIJPERS became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 32,814 loss in 2021 to € 113,502 loss in 2024.
Management
Behind FIRST AIRLINES are ABIS SRL and Willme KUIJPERS.
Directors
According to the 2024 annual accounts
Director · represented by JOËL DELVILLE
since 2023
Willme KUIJPERS
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Alphonse Renardstraat 15
1050 Elsene
Molièrelaan 132 box 5
1050 Elsene
Active since 5 July 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0466.427.666
- VAT number
- BE 0466.427.666
- Registered office
- Alphonse Renardstraat 15, 1050 Elsene
- Names & denominations
- FIRST AIRLINES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 July 1999
- Peppol
- Not registered