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
FINANCE FIRST from Lille, company number BE0871109983, closed financial year 2025 with a result of € -34,958 after tax. For that financial year FINANCE FIRST recorded a gross margin of € 50,525 and equity of € 2.3 million. Compared with financial year 2024, the result moved from € -17,461 to € -34,958. 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 March 16, 2026.
€ 2.3 million
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -34,958
▼ 100 % more loss than in 2024
Profit after tax over the fiscal year.
€ 57,423
▲ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.3 million.
People and assets in 2025
€ 95,337
▲ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 147,298
▼ 13% vs 2024
€ 23,413 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 4,070
▼ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 241
▼ 99% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 40,602 | € 76,882 | € 60,706 | € 50,525 | ▼ 17% |
| Profit after taxes | € -44,807 | € 1,198 | € -17,461 | € -34,958 | ▼ € 17,497 |
| Equity | € 2,696,143 | € 2,697,340 | € 2,679,879 | € 2,344,921 | ▼ 12% |
| Total debts | € 227,842 | € 207,682 | € 195,683 | € 233,157 | ▲ 19% |
| Cash | € 287,970 | € 574,615 | € 35,530 | € 57,423 | ▲ 62% |
| Land & buildings | € 2,065,410 | € 2,030,053 | € 1,980,051 | € 1,923,273 | ▼ 3% |
| Retained profit | € 2,677,543 | € 2,678,740 | € 2,661,279 | € 2,326,321 | ▼ 13% |
| Dividend | € 0 | € 0 | € 0 | € 300,000 | |
| Bank debt | € 217,731 | € 193,314 | € 169,708 | € 147,298 | ▼ 13% |
| Balance sheet total | € 2,996,123 | € 2,974,506 | € 2,942,391 | € 2,642,252 | ▼ 10% |
Key figures of FINANCE FIRST, 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 FINANCE FIRST?
What happened at FINANCE FIRST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 34,958. Source: NBB ↗
- Kim Cremers became a director. NBB
- New establishment in Lille. KBO
- Geert Schellekens became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 44,807 loss in 2022 to € 34,958 loss in 2025.
Paid € 47,616 in corporate taxes since 2022.
Best year ever: 2023, with € 1,198 profit.
Paid out € 300,000 in dividends to the owners in total.
Management
Behind FINANCE FIRST are Kim Cremers and Geert Schellekens. Geert Schellekens is also behind GEERT SCHELLEKENS and PRICEWATERHOUSECOOPERS BUSINESS SERVICES.
Directors
According to the 2025 annual accounts
Kim Cremers
Director
since 2020
Geert Schellekens
Director
Also active at: GEERT SCHELLEKENS, PRICEWATERHOUSECOOPERS BUSINESS SERVICES
since 2005
Establishments
Establishment units
Physical locations of this company
Hemeldonk 40
2275 Lille
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0871.109.983
- VAT number
- BE 0871.109.983
- Registered office
- Hemeldonk 40, 2275 Lille
- Names & denominations
- FINANCE FIRST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 January 2005
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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