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 20 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
First Klaas Estate from Damme, company number BE0660658387, closed financial year 2025 with a result of € -67,063 after tax. For that financial year First Klaas Estate recorded a gross margin of € -59,821 and equity of € 205,898. Compared with financial year 2024, the result moved from € 88,230 to € -67,063. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 205,898
▼ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -67,063
▼ still € 88,230 profit in 2024
Profit after tax over the fiscal year.
€ 38
▼ € 65,125 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 199,698.
Debts at end 2025
€ 315,000
Loans from banks and other lenders, long and short.
€ 94,518
▲ € 78,584 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,424
▼ 44% 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 | € -8,826 | € -34,971 | € 175,173 | € -59,821 | ▼ € 234,995 |
| Profit after taxes | € -9,237 | € -75,172 | € 88,230 | € -67,063 | ▼ € 155,293 |
| Equity | € 259,903 | € 184,731 | € 272,961 | € 205,898 | ▼ 25% |
| Total debts | € 761 | € 905,549 | € 66,293 | € 680,453 | ▲ € 614,160 |
| Cash | € 49,914 | € 2 | € 65,163 | € 38 | ▼ € 65,125 |
| Retained profit | € 253,703 | € 178,531 | € 266,761 | € 199,698 | ▼ 25% |
| Bank debt | € 0 | € 661,905 | € 0 | € 315,000 | |
| Balance sheet total | € 260,664 | € 1,090,280 | € 339,254 | € 886,351 | ▲ 161% |
Key figures of First Klaas Estate, 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 Klaas Estate?
What happened at First Klaas Estate in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 67,063 (▼ € 155,293 vs 2024). Source: NBB ↗
- Kadeem BV became a director. NBB
- New establishment in Damme. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,237 loss in 2022 to € 67,063 loss in 2025.
Paid € 19,441 in corporate taxes since 2022.
Best year ever: 2024, with € 88,230 profit.
Management
Behind First Klaas Estate is Kadeem BV. Kadeem BV is also behind BEDEVAART, MAXINI, MAISON BONBON, JULARD and AXTON PROPERTIES.
Directors
According to the 2025 annual accounts
Director · represented by Klaas De Muyt
Also active at: BEDEVAART, MAXINI, MAISON BONBON, JULARD, AXTON PROPERTIES, POWERZONE
since 2023
Establishments
Establishment units
Physical locations of this company
Doornstraat 36
8340 Damme
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0660.658.387
- VAT number
- BE 0660.658.387
- Registered office
- Doornstraat 36, 8340 Damme
- Names & denominations
- First Klaas Estate
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 July 2016
- Peppol
- Active · Active since 17 Apr 2025
- Activities · NACE
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