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.
€ 275,274
▲ 46% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 138,374
▲ € 106,230 vs 2024
Profit after tax over the fiscal year.
€ 1,275
▼ 97% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 51,467 paid out
37 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 52,621
Loans from banks and other lenders, long and short.
€ 4,651
▲ 176% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,674
▼ 36% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 39,119 | € 88,534 | € 39,626 | € 195,467 | ▲ € 155,841 |
| Profit after taxes | € 27,815 | € 64,541 | € 32,144 | € 138,374 | ▲ € 106,230 |
| Equity | € 260,047 | € 156,223 | € 188,367 | € 275,274 | ▲ 46% |
| Total debts | € 71,571 | € 139,040 | € 18,386 | € 67,946 | ▲ 270% |
| Cash | € 235,220 | € 67,024 | € 42,703 | € 1,275 | ▼ 97% |
| Retained profit | € 247,647 | € 143,823 | € 175,967 | € 262,874 | ▲ 49% |
| Dividend | € 0 | € 168,365 | € 0 | € 51,467 | |
| Bank debt | € 0 | € 0 | € 0 | € 52,621 | |
| Balance sheet total | € 331,618 | € 295,263 | € 206,753 | € 343,220 | ▲ 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:
- New annual accounts for financial year 2025: profit of € 138,374 (▲ € 106,230 vs 2024). Source: NBB ↗
- New establishment in Damme. KBO
- Mathias Theys became a director. NBB
- 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.
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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
Behind FIRST GEAR is Mathias Theys. Mathias Theys is also behind Heleblitz.
Directors
According to the 2025 annual accounts
since 2012
Establishments
Establishment units
Physical locations of this company
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.
All companies at this address →BLACK DUCK
€ -506 gross margin · 2025
BLACK GOOSE
€ -559 gross margin · 2025
SWAN ENERGY 2
€ -2,752 gross margin · 2025
FARADAY BROTHERS
€ 169,906 gross margin · 2025
BLACK SWAN
€ -47,835 gross margin · 2025
+4 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
- 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 27 Mar 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