Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 3.4 to 2.3.
Financials
Financial year 2025
First in Line from Gent, company number BE0862183114, closed financial year 2025 with a result of € -6,393 after tax. For that financial year First in Line recorded a gross margin of € 162,279 and equity of € 122,970. Compared with financial year 2024, the result moved from € 36,803 to € -6,393. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 19, 2026.
€ 122,970
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,393
▼ still € 36,803 profit in 2024
Profit after tax over the fiscal year.
€ 52,609
▲ € 52,452 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 104,370.
People and assets in 2025
2.3
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 128,897
▲ 16% vs 2024
€ 56,000 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.
€ 48,801
▲ 76% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 22,991
▼ 63% vs 2024
€ 5,291 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 228,943
▲ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,444
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 287,218 | € 311,370 | € 189,330 | € 162,279 | ▼ 14% |
| Profit after taxes | € 122,352 | € 98,240 | € 36,803 | € -6,393 | ▼ € 43,196 |
| Equity | € 194,320 | € 92,560 | € 129,363 | € 122,970 | ▼ 5% |
| Total debts | € 387,187 | € 536,775 | € 500,004 | € 442,882 | ▼ 11% |
| Cash | € 51,297 | € 211,858 | € 157 | € 52,609 | ▲ € 52,452 |
| Retained profit | € 175,720 | € 73,960 | € 110,763 | € 104,370 | ▼ 6% |
| Dividend | € 0 | € 200,000 | € 0 | € 0 | |
| Bank debt | € 82,001 | € 101,849 | € 62,553 | € 22,991 | ▼ 63% |
| Balance sheet total | € 581,508 | € 629,335 | € 629,367 | € 565,851 | ▼ 10% |
| Employees (FTE) | 3.4 | 3.4 | 2.4 | 2.3 | ▼ 0.1 |
Key figures of First in Line, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to First in Line?
What happened at First in Line in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 6,393 (▼ € 43,196 vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 122,352 profit in 2022 to € 6,393 loss in 2025.
Paid € 68,898 in corporate taxes since 2022.
Best year ever: 2022, with € 122,352 profit.
On average € 70,600 of value added per employee in 2025.
Management
The stake of LLN HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
First in LineBehind First in Line is LLN Holding BV. The shares are held by LLN HOLDING (100%).
Directors
According to the 2025 annual accounts
Director · represented by Ellen Rigaux
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Blazoenstraat 34 box B
9000 Gent
Blazoenstraat 34 B
9000 Gent
Active since 2 January 2004
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →White House
€ 44,595 gross margin · 2025
Fast Forward
€ 346,127 gross margin · 2025
MATIMO INVEST
€ 142,539 gross margin · 2025
Astrid De Lathauwer
The Resistance
€ -2,602 gross margin · 2025
+3 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
- 0862.183.114
- VAT number
- BE 0862.183.114
- Registered office
- Blazoenstraat 34 bus B, 9000 Gent
- Names & denominations
- First in Line
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 December 2003
- Peppol
- Active · Active since 31 Aug 2023
- Activities · NACE
Catering van evenementen
Arbeidsbemiddeling
Uitzendkoks en verzorgen van feesten en recepties