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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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
First Construct from Waasmunster, company number BE0848482952, closed financial year 2025 with a result of € -919 after tax. For that financial year First Construct recorded a gross margin of € 0 and equity of € 87,776. Compared with financial year 2024, the result moved from € -315 to € -919. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 87,776
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -919
▼ 192 % more loss than in 2024
Profit after tax over the fiscal year.
€ 0
▼ 100% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 81,576.
Debts at end 2025
€ 7
Loans from banks and other lenders, long and short.
€ 303
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 54,579 | € -5,102 | € 300 | € 0 | ▼ 100% |
| Profit after taxes | € 36,208 | € -5,287 | € -315 | € -919 | ▼ € 604 |
| Equity | € 94,298 | € 89,011 | € 88,696 | € 87,776 | ▼ 1% |
| Total debts | € 48,687 | € 18,772 | € 366 | € 310 | ▼ 15% |
| Cash | € 142,914 | € 7,675 | € 15 | € 0 | ▼ 100% |
| Retained profit | € 88,098 | € 82,811 | € 82,496 | € 81,576 | ▼ 1% |
| Bank debt | € 0 | € 0 | € 0 | € 7 | |
| Balance sheet total | € 142,984 | € 107,783 | € 89,061 | € 88,086 | ▼ 1% |
Key figures of First Construct, 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 Construct?
What happened at First Construct in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 919. Source: NBB ↗
- Start of the company according to the CBE. KBO
- Pascal Rossaert became a director. NBB
- Gunther De Maeijer became a director. NBB
In short
From € 36,208 profit in 2022 to € 919 loss in 2025.
Paid € 18,212 in corporate taxes since 2022.
Best year ever: 2022, with € 36,208 profit.
Management
Behind First Construct are Pascal Rossaert and Gunther De Maeijer. The same people are also behind ORANGE 48. Pascal Rossaert is also behind P & M INTERIEUR and TREND FACTORY. Gunther De Maeijer is also behind DEMA-INVESTMENT and CAR SOLUTIONS TRADING.
Directors
According to the 2025 annual accounts
since 2012
since 2012
Establishments
Establishment units
Physical locations of this company
Heidekapelstraat 15
9250 Waasmunster
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0848.482.952
- VAT number
- BE 0848.482.952
- Registered office
- Heidekapelstraat 15, 9250 Waasmunster
- Names & denominations
- First Construct
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 September 2012
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
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