What is the address of FIRST GEAR?

The registered office of FIRST GEAR is located at Vissersstraat 21 box B, 8340 Damme.

Is FIRST GEAR still active?

Yes. According to the CBE (29 October 2026) FIRST GEAR is active, legal situation “Normale toestand”, started on 29 June 2012.

Is FIRST GEAR registered on Peppol?

Yes, FIRST GEAR is registered on the Peppol network with ID 0208:0846978264.

What is the enterprise number of FIRST GEAR?

The enterprise number of FIRST GEAR is BE0846978264.

When was FIRST GEAR founded?

FIRST GEAR was founded on 29 June 2012.

Who are the directors of FIRST GEAR?

According to the 2025 annual accounts, the directors of FIRST GEAR are: Mathias Theys.

Is FIRST GEAR a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 June 2012; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did FIRST GEAR make in 2025?

FIRST GEAR posted a profit after taxes of € 138,374 in financial year 2025.

What is the revenue of FIRST GEAR?

As a small company, FIRST GEAR is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 195,467.

FIRST GEAR (Private Limited) - Damme - BE0846978264

Q: What does FIRST GEAR do?

FIRST GEAR is registered with the CBE as active in: Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies. Private Limited, started on 29 June 2012, 1 establishment.

Dossier FIRST GEAR, printed on 29 October 2026 from databakkes.be/en/0846978264/first-gear. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

FIRST GEAR from Damme, company number BE0846978264, closed financial year 2025 with a result of € 138,374 after tax. For that financial year FIRST GEAR recorded a gross margin of € 195,467 and equity of € 275,274. Compared with financial year 2024, the result moved from € 32,144 to € 138,374. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.

What it is worth Growing

€ 275,274

▲ 46% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 138,374

▲ € 106,230 vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1,275

▼ 97% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 51,467 paid out

37 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Full-time equivalents estimate The annual accounts report no full-time equivalents. A micro company with one active director is usually run by that person; this is an assumption, not a figure from the source.

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Debts at end 2025

Bank debt

€ 52,621

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 4,651

▲ 176% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 10,674

▼ 36% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 39,119 Gross margin 2022: € 39,119 First fiscal year in the series	€ 88,534 Gross margin 2023: € 88,534 ▲ 126% vs 2022 (€ 39,119) Favourable step	€ 39,626 Gross margin 2024: € 39,626 ▼ 55% vs 2023 (€ 88,534) Unfavourable step	€ 195,467 Gross margin 2025: € 195,467 ▲ € 155,841 vs 2024 (€ 39,626) Favourable step	▲ € 155,841
Profit after taxes	€ 27,815 Profit after taxes 2022: € 27,815 First fiscal year in the series	€ 64,541 Profit after taxes 2023: € 64,541 ▲ 132% vs 2022 (€ 27,815) Favourable step	€ 32,144 Profit after taxes 2024: € 32,144 ▼ 50% vs 2023 (€ 64,541) Unfavourable step	€ 138,374 Profit after taxes 2025: € 138,374 ▲ € 106,230 vs 2024 (€ 32,144) Favourable step	▲ € 106,230
Equity	€ 260,047 Equity 2022: € 260,047 First fiscal year in the series	€ 156,223 Equity 2023: € 156,223 ▼ 40% vs 2022 (€ 260,047) Unfavourable step	€ 188,367 Equity 2024: € 188,367 ▲ 21% vs 2023 (€ 156,223) Favourable step	€ 275,274 Equity 2025: € 275,274 ▲ 46% vs 2024 (€ 188,367) Favourable step	▲ 46%
Total debts	€ 71,571 Total debts 2022: € 71,571 First fiscal year in the series	€ 139,040 Total debts 2023: € 139,040 ▲ 94% vs 2022 (€ 71,571) Unfavourable step	€ 18,386 Total debts 2024: € 18,386 ▼ 87% vs 2023 (€ 139,040) Favourable step	€ 67,946 Total debts 2025: € 67,946 ▲ 270% vs 2024 (€ 18,386) Unfavourable step	▲ 270%
Cash	€ 235,220 Cash 2022: € 235,220 First fiscal year in the series	€ 67,024 Cash 2023: € 67,024 ▼ 72% vs 2022 (€ 235,220) Unfavourable step	€ 42,703 Cash 2024: € 42,703 ▼ 36% vs 2023 (€ 67,024) Unfavourable step	€ 1,275 Cash 2025: € 1,275 ▼ 97% vs 2024 (€ 42,703) Unfavourable step	▼ 97%
Retained profit	€ 247,647 Retained profit 2022: € 247,647 First fiscal year in the series	€ 143,823 Retained profit 2023: € 143,823 ▼ 42% vs 2022 (€ 247,647) Unfavourable step	€ 175,967 Retained profit 2024: € 175,967 ▲ 22% vs 2023 (€ 143,823) Favourable step	€ 262,874 Retained profit 2025: € 262,874 ▲ 49% vs 2024 (€ 175,967) Favourable step	▲ 49%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 168,365 Dividend 2023: € 168,365 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 168,365) Unchanged	€ 51,467 Dividend 2025: € 51,467 Unchanged (€ 0) Unchanged
Bank debt	€ 0 Bank debt 2022: € 0 First fiscal year in the series	€ 0 Bank debt 2023: € 0 Unchanged (€ 0) Unchanged	€ 0 Bank debt 2024: € 0 Unchanged (€ 0) Unchanged	€ 52,621 Bank debt 2025: € 52,621 Unchanged (€ 0) Unfavourable step
Balance sheet total	€ 331,618 Balance sheet total 2022: € 331,618 First fiscal year in the series	€ 295,263 Balance sheet total 2023: € 295,263 ▼ 11% vs 2022 (€ 331,618) Unchanged	€ 206,753 Balance sheet total 2024: € 206,753 ▼ 30% vs 2023 (€ 295,263) Unchanged	€ 343,220 Balance sheet total 2025: € 343,220 ▲ 66% vs 2024 (€ 206,753) Unchanged	▲ 66%

Key figures of FIRST GEAR, 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 GEAR?

What happened at FIRST GEAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 1, 2026 New annual accounts for financial year 2025: profit of € 138,374 (▲ € 106,230 vs 2024). Source: NBB ↗
Jul 1, 2012 New establishment in Damme. KBO
2012 Mathias Theys became a director. NBB
Jun 29, 2012 Start of the company according to the CBE. KBO

In short

From € 27,815 profit in 2022 to € 138,374 profit in 2025.

Paid € 120,629 in corporate taxes since 2022.

Best year ever: 2025, with € 138,374 profit.

Paid out € 219,831 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Mathias Theys

FIRST GEAR

Heleblitz

Behind FIRST GEAR is Mathias Theys. Mathias Theys is also behind Heleblitz.

Directors

According to the 2025 annual accounts

Mathias Theys

Director

Also active at: Heleblitz

since 2012

Establishments

Establishment units

Physical locations of this company

Registered office

Vissersstraat 21 box B

8340 Damme

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.

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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0846.978.264

VAT number

BE 0846.978.264

Registered office

Vissersstraat 21 bus B, 8340 Damme

Names & denominations

FIRST GEAR

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

29 June 2012

Peppol

Active · Active since 21 Oct 2026

Activities · NACE

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

Organisatie van congressen en beurzen

Overige zakelijke dienstverlening, neg

Activiteiten van adviesbureaus op het gebied van public relations en communicatie

Holdings

Adviesbureaus op het gebied van public relations en communicatie

Activiteiten van holdings

View on CBE Public ↗ Annual accounts (NBB) ↗

FIRST GEAR

Financials

What happened to FIRST GEAR?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions