THE First SA
The score of THE First shows with a free account.
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- Balance sheet strength
- Liquidity
- Repayment capacity
- Profitability
- Trajectory
- Compliance and register
- Position in its sectorvs peers
- Supplier creditat 30 d
- Borrowing capacityborrowable
- Valuationcentral
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Key figures 2025
Change 2022 → 2025: Revenue +480 % Equity +184 % Total assets +78 %
Accounts of the company itself (not consolidated).
The full file covers 10 financial years; a free account shows 2. →Deterministic calculation on the filed accounts, no AI. Dispute the score or report an error
THE First's annual accounts
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | €3.90m | ||||
| Net result | 512,905 € | ||||
| Equity | €29.1m | ||||
| Cash | €2.46m | ||||
| EBITDA | €3.08m | ||||
| Total assets | €56.9m |
Filed annual accounts
- Year ended 31 Dec 2025filed on 27 Aug 2026
- Year ended 31 Dec 2024filed on 20 Aug 2025
- Year ended 31 Dec 2023filed on 06 Aug 2024
- Year ended 31 Dec 2022filed on 10 Jul 2023
- Year ended 31 Dec 2021filed on 21 Sep 2022
THE First's financial analysis
- Solvency51.1%sector median: 33.1%
- Current ratio
- Net margin
- ROE
- Financial debt / EBITDA
- Interest coverage
- Days sales outstanding (DSO)
Management and control of THE First
THE First's publications in the Belgian Gazette
Company number, VAT number and registered office
- Company number (CBE)
- 0449.936.577
- VAT number
- BE0449936577
- Peppol
- Registered · 0208:0449936577 · as of 08 Nov 2026
- Legal form
- SA
- Incorporated
- 20 Apr 1993
- Registered office
- 1050 Ixelles
- Latest accounts
- 2025 · filed on 27 Aug 2026
- Activity
- Rental and operating of own or leased non-residential real estate, except land (NACE 68203)
THE First (SA) has been based in Ixelles since 1993, active in: rental and operating of own or leased non-residential real estate, except land. For 2025, it reports revenue of €3.90m, a net profit of 512,905 € and equity of €29.1m. Its solvency stands at 51.1%, above the median of its sector (33.1%).
Companies similar to THE First
Companies in the same business, of comparable size and area, outside its group.
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- Realisinvest Europa BAR 65 Rental and operating of own or leased real estate Woluwe-Saint-Pierre · balance sheet €45.7m
- Vastgoed Natie Rental and operating of own or leased real estate Antwerp · balance sheet €38.3m
- Abies Grandis Rental and operating of own or leased real estate Ghent · balance sheet €77.9m
- Nouvelles Galeries DU Boulevard Anspach Rental and operating of own or leased real estate Brussels · balance sheet €72.7m
- Citymo Rental and operating of own or leased real estate Brussels · balance sheet €86.6m
- Immobilière Sem Rental and operating of own or leased real estate Brussels · balance sheet €43.3m
- Foxaco Rental and operating of own or leased real estate Uccle · balance sheet €32.1m
Frequently asked questions about THE First
What is the revenue of THE First?
According to the 2025 annual accounts filed with the NBB, the revenue of THE First amounts to 3,901,528 €.
What is the VAT number of THE First?
In Belgium, the VAT number is the company number prefixed with BE: BE0449936577 for THE First, if the company is VAT-registered. Its company number (CBE) is 0449.936.577.
Where is the registered office of THE First?
According to the CBE register, the registered office of THE First is in 1050 Ixelles.
What is the equity of THE First?
At the close of the 2025 financial year, the equity of THE First amounts to 29,097,737 €, a solvency of 51.1% of total assets.
Who manages THE First?
The register lists 3 active mandates at THE First. Names and roles are in the full file, with the deeds published in the Belgian Gazette.
The full file of THE First
Directors and mandates, ownership network, Gazette deeds, ten years of accounts and ratios, Excel export, and Idonis's analysis in one question.
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