Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
-
Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
PEOPLE FIRST MANAGEMENT from Brussel, company number BE0828029513, closed financial year 2025 with a result of € -156,558 after tax. For that financial year PEOPLE FIRST MANAGEMENT recorded a gross margin of € 672,816 and equity of € 42,412. Compared with financial year 2024, the result moved from € -148,674 to € -156,558. The company made a loss. The buffer shrank hard: equity is 79 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 42,412
▼ 79% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -156,558
▼ 5 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 23,812.
People and assets in 2025
10.6
▼ 977.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 648,157
▲ 7% vs 2024
€ 61,100 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.
€ 67,151
▲ 7% vs 2024
Of which on lease € 17,457.
Debts at end 2025
€ 158,787
▼ 29% vs 2024
€ 98,909 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 689,851
▼ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 65,326
▼ 81% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 834,607 | € 1,015,723 | € 898,280 | € 672,816 | ▼ 25% |
| Profit after taxes | € 233,243 | € 187,870 | € -148,674 | € -156,558 | ▼ € 7,884 |
| Equity | € 159,774 | € 347,643 | € 198,970 | € 42,412 | ▼ 79% |
| Total debts | € 1,776,093 | € 1,223,115 | € 2,119,215 | € 1,633,880 | ▼ 23% |
| Cash | € 29,694 | - | - | - | |
| Retained profit | € 141,174 | € 329,043 | € 180,370 | € 23,812 | ▼ 87% |
| Bank debt | € 482,268 | € 263,974 | € 223,062 | € 158,787 | ▼ 29% |
| Balance sheet total | € 1,935,866 | € 1,570,758 | € 2,318,185 | € 1,676,292 | ▼ 28% |
| Employees (FTE) | - | 10.9 | 988 | 10.6 | ▼ 977.4 |
Key figures of PEOPLE FIRST MANAGEMENT, 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 PEOPLE FIRST MANAGEMENT?
What happened at PEOPLE FIRST MANAGEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 156,558. Source: NBB ↗
- Arlo became a director. NBB
- Sports Ventures became a director. NBB
- Tanguy Deschamps became a director. NBB
- New establishment in Manhay. KBO
- New establishment in Brussel. KBO
- New establishment in Florenville. KBO
- Start of the company according to the CBE. KBO
In short
From € 233,243 profit in 2022 to € 156,558 loss in 2025.
Paid € 269,078 in corporate taxes since 2022.
Best year ever: 2022, with € 233,243 profit.
On average € 63,500 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 RLE INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PEOPLE FIRST MANAGEMENTBehind PEOPLE FIRST MANAGEMENT are Arlo, Sports Ventures and Tanguy Deschamps. The shares are held by RLE INVEST (100%). It owns 100% of People First Travel and 100% of Sportero itself.
Directors
According to the 2025 annual accounts
Director · represented by Arthur Lhoist
Also active at: Tennis Club de Belgique Courts Couverts, LE VIEUX LOGIS, FALS, PORCELYNEGOED, LAMSOUL, LES CRESSES, MATHIMMO, LE BESTIN +35 more
since 2022
Director · represented by Nicolas Lhoist
Also active at: Tennis Club de Belgique Courts Couverts, GROTTES DE HAN, LE VIEUX LOGIS, Sporsystem, FALS, PORCELYNEGOED, LAMSOUL, LES CRESSES +41 more
since 2022
Tanguy Deschamps
Director
since 2022
Shareholders
100%
Participations
100%
100%
Establishments
Establishment units
Physical locations of this company
Welgelegenstraat 26
1000 Brussel
Rue A. Niffa, Lacuisine 1
6821 Florenville
Active since 25 October 2010
Chêne-al'Pierre 2 box A2
6960 Manhay
Active since 1 January 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →Royal Club de Belgique
Tennis Club de Belgique Courts Couverts same network
€ 267,572 gross margin · 2025
ARBEAL same network
€ 47,025 gross margin · 2025
UNITE TVA : UNIT PEOPLE - XCAPE
TERO BRUSSELS same network
€ 384,211 gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0828.029.513
- VAT number
- BE 0828.029.513
- Registered office
- Welgelegenstraat 26, 1000 Brussel
- Names & denominations
- PEOPLE FIRST MANAGEMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 July 2010
- Peppol
- Active · Active since 4 Dec 2024
- Activities · NACE
Organisatie van congressen en beurzen
Overige recreatie- en ontspanningsactiviteiten, neg
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Activiteiten van reisbureaus
Overige sportactiviteiten, neg
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering