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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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
FIRST FRONT from Aalst, company number BE0476027203, closed financial year 2025 with a result of € -238,848 after tax. For that financial year FIRST FRONT recorded a gross margin of € 564,257 and equity of € 5.7 million. Compared with financial year 2024, the result moved from € 57,165 to € -238,848. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on February 4, 2026.
€ 5.7 million
▲ 48% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -238,848
▼ still € 57,165 profit in 2024
Profit after tax over the fiscal year.
€ 25,425
▲ € 25,261 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 469,780.
People and assets in 2025
€ 4,000
▼ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.3 million
▼ 2% vs 2024
€ 112,568 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 126,806
▲ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 330,433 | € 613,296 | € 650,777 | € 564,257 | ▼ 13% |
| Profit after taxes | € -58,418 | € -404,407 | € 57,165 | € -238,848 | ▼ € 296,013 |
| Equity | € 4,211,503 | € 3,807,097 | € 3,864,262 | € 5,712,722 | ▲ 48% |
| Total debts | € 1,820,232 | € 4,968,846 | € 4,545,187 | € 4,653,370 | ▲ 2% |
| Cash | € 476,444 | € 35,389 | € 164 | € 25,425 | ▲ € 25,261 |
| Land & buildings | € 5,676,644 | € 8,894,986 | € 8,599,017 | € 10,495,838 | ▲ 22% |
| Retained profit | € 1,055,869 | € 651,462 | € 708,627 | € 469,780 | ▼ 34% |
| Bank debt | € 1,693,694 | € 4,835,829 | € 4,402,900 | € 4,293,359 | ▼ 2% |
| Balance sheet total | € 6,497,757 | € 9,211,899 | € 8,815,090 | € 10,741,416 | ▲ 22% |
Key figures of FIRST FRONT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to FIRST FRONT?
What happened at FIRST FRONT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- F-Invest BV stepped down as director. NBB
- K-Invest BV stepped down as director. NBB
- Build 4 U NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 238,848 (▼ € 296,013 vs 2024). filed late Source: NBB ↗
- F-Invest BV became a director. NBB
- K-Invest BV became a director. NBB
- Build 4 U NV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 58,418 loss in 2022 to € 238,848 loss in 2025.
Best year ever: 2024, with € 57,165 profit.
Management
The stake of K-INVEST, F-INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FIRST FRONTThe shares are held by K-INVEST (33.2%) and F-INVEST (33.2%).
Directors
According to the 2025 annual accounts
Managing director · represented by Verschaete FRANK
Also active at: LEISURE INTERNATIONAL, REDROSE PROPERTIES, K & F INVEST, REDROSE CONSTRUCT, LEISURE INVEST, REDROSE HOLDING
since 2021 · until 2026
Managing director · represented by Gryspeert KRIS
Also active at: AUTOHANDEL E. SMET, INTERSOUND, LEISURE INTERNATIONAL, REDROSE PROPERTIES, K & F INVEST, REDROSE CONSTRUCT, ARMAN BO1, REDROSE HOLDING +1 more
since 2021 · until 2026
Managing director · represented by Roelandt DOMINIC
Also active at: ROCHER IV, AUTOHANDEL E. SMET, GALVER, VEGA, REDROSE PROPERTIES, REDROSE CONSTRUCT, ARMAN BO1, BLACK ROSE INVESTMENT GROUP +7 more
since 2021 · until 2026
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Korte Zoutstraat 45
9300 Aalst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →ROCHER IV same network
€ 55,190 gross margin · 2025
AUTOHANDEL E. SMET same network
€ 821,432 gross margin · 2025
GALVER same network
€ 96,740 gross margin · 2024
VEGA same network
€ 53,945 gross margin · 2024
REDROSE PROPERTIES same network
€ 948,046 gross margin · 2025
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0476.027.203
- VAT number
- BE 0476.027.203
- Registered office
- Korte Zoutstraat 45, 9300 Aalst
- Names & denominations
- FIRST FRONT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 November 2001
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- redrose.be [email protected]
- Activities · NACE
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