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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Shrinking team NBB
FTE fell two years in a row, from 47.5 to 17.9.
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Busy address KBO
18 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
First-IT from Mechelen, company number BE0860407321, closed financial year 2025 with a result of € 116,253 after tax. For that financial year First-IT recorded revenue of € 4.1 million and equity of € -666,566. Compared with financial year 2024, the result moved from € 21,060 to € 116,253. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ -666,566
▲ € 116,253 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 116,253
▲ € 95,193 vs 2024
Profit after tax over the fiscal year.
€ 247,395
▲ € 234,748 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -1.8 million.
People and assets in 2025
17.9
▼ 10.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 33% vs 2024
€ 61,600 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.
€ 11,689
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 849,421
▲ 26% vs 2024
Loans from banks and other lenders, long and short.
€ 1.4 million
▲ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 372,855
▼ 27% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 5,002,512 | € 4,110,169 | ▼ 18% |
| Gross margin | € 2,478,509 | € 2,655,515 | € 1,960,306 | € 1,399,402 | ▼ 29% |
| Profit after taxes | € -522,156 | € -178,897 | € 21,060 | € 116,253 | ▲ € 95,193 |
| Equity | € -1,074,982 | € -803,879 | € -782,819 | € -666,566 | ▲ € 116,253 |
| Total debts | € 2,932,181 | € 2,179,279 | € 2,368,434 | € 2,625,404 | ▲ 11% |
| Cash | € 139,065 | € 141,499 | € 12,646 | € 247,395 | ▲ € 234,748 |
| Retained profit | € -1,744,982 | € -1,923,879 | € -1,902,819 | € -1,786,566 | ▲ € 116,253 |
| Bank debt | € 1,095,931 | € 571,382 | € 675,484 | € 849,421 | ▲ 26% |
| Balance sheet total | € 1,869,700 | € 1,387,900 | € 1,598,115 | € 1,971,338 | ▲ 23% |
| Employees (FTE) | 53.3 | 47.5 | 28.6 | 17.9 | ▼ 10.7 |
Key figures of First-IT, 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-IT?
What happened at First-IT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 116,253 (▲ € 95,193 vs 2024). Source: NBB ↗
- InvestLink became a director. NBB
- Titane Holding became a director. NBB
- Vlinpro became a director. NBB
- New establishment in Mechelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 522,156 loss in 2022 to € 116,253 profit in 2025.
Paid € 17,142 in corporate taxes since 2022.
Best year ever: 2025, with € 116,253 profit.
On average € 78,200 of value added per employee in 2025.
Management
The stake of Titane Holding, CONTENT-IT, InvestLink comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
First-ITBehind First-IT are InvestLink, Titane Holding and Vlinpro. The shares are held by Titane Holding (51%), CONTENT-IT (31.3%) and InvestLink (17.7%). It owns 100% of First-Connect BV itself.
Directors
According to the 2025 annual accounts
Director · represented by Bert Van Loco
Also active at: ABLE, nextAuth, EPIC Blue, Kappa Data Holding, Best Next Contact, Syntory, TRENDSKOUT, Jarviss +2 more
since 2023
Director · represented by Styn Vanhove
Also active at: VOX TENEO, IMMO DELADRIERE, Hutix
since 2023
since 2023
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Antwerpsesteenweg 261 box 4
2800 Mechelen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 18 companies are registered at this address.
All companies at this address →Ambulancedienst Het Vlaamse Kruis
€ 1.3 million gross margin · 2025
Het Vlaamse Kruis
€ 1.5 million revenue · 2025
Inetum Belgium
€ 239.7 million revenue · 2025
FIRST-CONNECT same network
€ -572 gross margin · 2025
BOOST YOUR BUSINESS
€ 472,630 gross margin · 2025
+13 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
- 0860.407.321
- VAT number
- BE 0860.407.321
- Registered office
- Antwerpsesteenweg 261 bus 4, 2800 Mechelen
- Names & denominations
- First-IT · FIRST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 September 2003
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Activiteiten van uitzendbureaus en andere diensten in verband met personeelsvoorziening
Interimkantoren en tijdelijke tewerkstelling
Groothandel in computers, randapparatuur en software
Ontwerpen van computerprogramma’s
Detailhandel in ICT-apparatuur
Draadgebonden en draadloze telecommunicatie en telecommunicatie via satelliet
Groothandel in informatie- en communicatieapparatuur
Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten
+5