Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 3.9 to 2.3.
Financials
Financial year 2025
FIRST LAW INTERNATIONAL from Elsene, company number BE0476944149, closed financial year 2025 with a result of € 3.1 million after tax. For that financial year FIRST LAW INTERNATIONAL recorded a gross margin of € 3.8 million and equity of € 2.1 million. Compared with financial year 2024, the result moved from € 2.5 million to € 3.1 million. Profitable, and profit is growing. The buffer shrank hard: equity is 67 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 13, 2026.
€ 2.1 million
▼ 67% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.1 million
▲ 25% vs 2024
Profit after tax over the fiscal year.
€ 826,153
▲ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 7.4 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
2.3
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 142,011
▼ 41% vs 2024
€ 61,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 136,999
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.5 million
▲ € 2.5 million vs 2024
Loans from banks and other lenders, long and short.
€ 613,789
▲ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 18,612
▼ 41% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 11,969,186 | € 7,806,641 | € 2,874,487 | € 3,846,618 | ▲ 34% |
| Profit after taxes | € 9,211,935 | € 6,027,415 | € 2,483,964 | € 3,094,733 | ▲ 25% |
| Equity | € 11,260,069 | € 4,287,484 | € 6,371,449 | € 2,113,181 | ▼ 67% |
| Total debts | € 2,372,884 | € 14,272,662 | € 940,610 | € 5,288,330 | ▲ € 4.3 million |
| Cash | € 6,400,516 | € 973,060 | € 820,871 | € 826,153 | ▲ 1% |
| Retained profit | € 11,253,869 | € 4,281,284 | € 6,365,249 | € 2,106,981 | ▼ 67% |
| Dividend | € 1,870,000 | € 13,000,000 | € 400,000 | € 7,353,000 | ▲ € 7 million |
| Bank debt | € 56,015 | € 35,804 | € 15,413 | € 2,500,000 | ▲ € 2.5 million |
| Balance sheet total | € 13,632,953 | € 18,560,146 | € 7,312,058 | € 7,401,511 | ▲ 1% |
| Employees (FTE) | 4.5 | 3.9 | 3.2 | 2.3 | ▼ 0.9 |
Key figures of FIRST LAW INTERNATIONAL, 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 July 2027.
What happened to FIRST LAW INTERNATIONAL?
What happened at FIRST LAW INTERNATIONAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3.1 million (▲ 25% vs 2024). Source: NBB ↗
- YSG GROUP HOLDINGS became a director. NBB
- Astrid Lauritsen became a director. NBB
- Orlando Casares became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Elsene. KBO
In short
From € 9.2 million profit in 2022 to € 3.1 million profit in 2025.
Paid € 4.8 million in corporate taxes since 2022.
Best year ever: 2022, with € 9.2 million profit.
On average € 1.7 million of value added per employee in 2025.
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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
The stake of YSG GROUP HOLDINGS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FIRST LAW INTERNATIONALBehind FIRST LAW INTERNATIONAL are Orlando Casares, YSG GROUP HOLDINGS and Astrid Lauritsen. The shares are held by YSG GROUP HOLDINGS (100%).
Directors
According to the 2025 annual accounts
Orlando Casares
Director
Also active at: YSG GROUP HOLDINGS, D44 Capital Partners, SA Textile Group, CSR Investments
since 2023
Director · represented by Daniel Casares-Lauritsen
since 2023
Astrid Lauritsen
Director
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 480 box 5
1050 Elsene
Louizalaan 523
1050 Elsene
Active since 18 February 2002
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
Google Workspace
Hosting
AMAZON-02 - Amazon.com, Inc., US
DNS
AWS Route 53
Domain
Domain
first-law.com
Registered
2002-11-26
Registrar
GoDaddy.com, LLC
Expires
2029-11-26
Website info
Features
Security
Details
- Company number
- 0476.944.149
- VAT number
- BE 0476.944.149
- Registered office
- Louizalaan 480 bus 5, 1050 Elsene
- Names & denominations
- FIRST LAW INTERNATIONAL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 February 2002
- Peppol
- Active · Active since 14 Jan 2026
- Contact
- first-law.com
- Activities · NACE
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