Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
39 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
First Retail International from Dilbeek, company number BE0844591965, closed financial year 2025 with a result of € -248,316 after tax. For that financial year First Retail International recorded a gross margin of € -274,770 and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 1.4 million to € -248,316. The company made a loss. The buffer shrank hard: equity is 62 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 11, 2026.
€ 1.2 million
▼ 62% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -248,316
▼ still € 1.4 million profit in 2024
Profit after tax over the fiscal year.
€ 1.1 million
▲ € 930,064 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.1 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 14,389
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,169,815 | € -45,232 | - | - | |
| Gross margin | - | - | - | € -274,770 | |
| Profit after taxes | € 10,175,708 | € 39,768,870 | € 1,394,010 | € -248,316 | ▼ € 1.6 million |
| Equity | € 3,501,715 | € 4,357,828 | € 3,128,489 | € 1,181,165 | ▼ 62% |
| Total debts | € 24,393,106 | € 44,553,214 | € 12,361 | € 14,390 | ▲ 16% |
| Cash | € 3,104,689 | € 885,268 | € 165,325 | € 1,095,389 | ▲ € 930,064 |
| Retained profit | € 3,440,215 | € 4,296,328 | € 3,066,989 | € 1,119,665 | ▼ 63% |
| Dividend | € 7,227,739 | € 38,912,758 | € 2,623,349 | € 1,699,008 | ▼ 35% |
| Bank debt | € 24,100,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 27,894,821 | € 48,911,042 | € 3,140,850 | € 1,195,555 | ▼ 62% |
Key figures of First Retail 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 Retail International?
What happened at First Retail International in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 248,316 (▼ € 1.6 million vs 2024). Source: NBB ↗
- Annemie Baecke stepped down as director. NBB
- Banque Thaler stepped down as director. NBB
- Quintet Private Bank (Europe) SA stepped down as director. NBB
- Consuco NV stepped down as director. NBB
- Nextgen BV stepped down as director. NBB
- Curalia OVV stepped down as director. NBB
- Axel Despriet stepped down as director. NBB
In short
From € 10.2 million profit in 2022 to € 248,316 loss in 2025.
Best year ever: 2023, with € 39.8 million profit.
Paid out € 50.5 million in dividends to the owners in total.
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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 MITISKA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
First Retail InternationalThe shares are held by MITISKA (13.3%).
Directors
According to the 2025 annual accounts
since 2018 · until 2026
Banque Thaler
Director · represented by Dirk Eelbode
since 2018 · until 2026
Quintet Private Bank (Europe) SA
Director · represented by Georges Nédée
since 2018 · until 2026
Director · represented by Alfred Bouckaert
Also active at: First Retail International 2, M80 Partners
since 2012 · until 2026
Nextgen BV
Director · represented by Jean-Marc Heynderickx
since 2018 · until 2026
Director · represented by Caroline De Blieck
Also active at: Foltadel, Westlimco, First Retail International 2, BELINCO, EXOS KVK, INVESTA QUETELET, Solux Invest, DER BOEDE +1 more
since 2018 · until 2026
Axel Despriet
Director
Also active at: Europlast Extrusie, MARKADES, EURAC, VR Base Kortrijk, ZOUTIM, MITISKA REAL ESTATE INVESTMENT MANAGEMENT, DROOGLOODS, MiRO +1 more
since 2019 · until 2026
Director · represented by Niels Fransen
Also active at: PensioPlus (frans), First Retail International 2
since 2018 · until 2026
Director · represented by Jan De Nys
Also active at: SVK, ALIDES REAL ESTATE INVESTMENT AND MANAGEMENT, First Retail International 2, Regreen
since 2019 · until 2026
Luc Geuten
Director
Also active at: Arlini, BOSTON, MAIN HOLDING, MITISKA REAL ESTATE INVESTMENT MANAGEMENT, MITISKA, CAPITAL INVESTMENT PARTNERS, BARQ, BOSTON INVEST +8 more
since 2018 · until 2026
Shareholders
13.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Alfons Gossetlaan 34 box 401
1702 Dilbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 39 companies are registered at this address.
All companies at this address →Arlini same network
€ 80,325 gross margin · 2025
BOSTON same network
€ 103,638 gross margin · 2025
MAIN HOLDING same network
€ 17,715 gross margin · 2025
MITISKA REAL ESTATE INVESTMENT MANAGEMENT same network
€ 15.8 million revenue · 2025
MITISKA same network
€ 337,526 revenue · 2025
+34 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
- 0844.591.965
- VAT number
- BE 0844.591.965
- Registered office
- Alfons Gossetlaan 34 bus 401, 1702 Dilbeek
- Names & denominations
- First Retail International · FRI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 March 2012
- Peppol
- Active · Active since 17 Nov 2025
- Activities · NACE
Overige zakelijke dienstverlening, neg
Activiteiten van holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige kredietverstrekking n.e.g.
Handel in eigen onroerend goed
Holdings
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering