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 4 of the last 4 fiscal years.
Financials
Financial year 2025
FIRST - THINK from Kruisem, company number BE0480154651, closed financial year 2025 with a result of € 10,443 after tax. For that financial year FIRST - THINK recorded a gross margin of € 31,417 and equity of € -5,746. Compared with financial year 2024, the result moved from € 9,661 to € 10,443. Profitable, and profit is growing. 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 March 24, 2026.
€ -5,746
▲ € 10,443 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10,443
▲ 8% vs 2024
Profit after tax over the fiscal year.
€ 21,936
▲ 157% 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 € -30,953.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 79
▼ 89% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 7,104
▲ 145% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,161
▲ 22% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 22,000 | € 12,268 | € 28,500 | € 31,417 | ▲ 10% |
| Profit after taxes | € 3,097 | € 1,738 | € 9,661 | € 10,443 | ▲ 8% |
| Equity | € -26,755 | € -25,017 | € -16,189 | € -5,746 | ▲ € 10,443 |
| Total debts | € 91,594 | € 33,082 | € 46,887 | € 46,586 | ▼ 1% |
| Cash | € 10,928 | € 9,773 | € 8,537 | € 21,936 | ▲ 157% |
| Retained profit | € -51,755 | € -50,017 | € -41,396 | € -30,953 | ▲ € 10,443 |
| Dividend | € 0 | € 0 | € 833 | € 0 | ▼ 100% |
| Balance sheet total | € 103,526 | € 46,751 | € 69,384 | € 79,526 | ▲ 15% |
Key figures of FIRST - THINK, 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 April 2027.
What happened to FIRST - THINK?
What happened at FIRST - THINK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 10,443 (▲ 8% vs 2024). Source: NBB ↗
- New establishment in Kruisem. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,097 profit in 2022 to € 10,443 profit in 2025.
Paid € 24,261 in corporate taxes since 2022.
Best year ever: 2025, with € 10,443 profit.
Paid out € 833 in dividends to the owners in total.
Management
Behind FIRST - THINK is SERGE GERNIERS LAURENT.
Directors
According to the 2025 annual accounts
SERGE GERNIERS LAURENT
Director
Establishments
Establishment units
Physical locations of this company
Prinsenhof 3
9750 Kruisem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0480.154.651
- VAT number
- BE 0480.154.651
- Registered office
- Prinsenhof 3, 9750 Kruisem
- Names & denominations
- FIRST - THINK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 May 2003
- Peppol
- Active · Active since 24 Nov 2025
- Activities · NACE
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