2 KNOW
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 09-06-2026 PDF all 21 filings
Equity
€5,361▼ 78.4%
2024 · €24,859
Total assets
€60,993=
2024 · €60,965
Net result
-€19,499▲ 75.4%
2024 · -€79,235
Working capital
-€13,839
2024 · €2,859
In the rankings
#8 oldest company in Tremelo, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€17,895
▲ 77.2%
2025
20182025
Net result
-€19,499
▲ 75.4%
2025
lowest quarter of the sector
20182025
Equity
€5,361
▼ 78.4%
2025
lowest quarter of the sector
20182025
Total assets
€60,993
=
2025
lowest quarter of the sector
20182025
Debt
€55,632
▲ 54.1%
2025
20182025
Working capital
-€13,839
2025
lowest quarter of the sector
20182025
Solvency
8.8%
▼ 32.0pp
2025
lowest quarter of the sector
20182025
Current ratio
0.75
▼ 0.36
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-32.0%
▲ 98.0pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€67,038-€57,649▼ 14.0%€22,248▼ 61.4%€36,865▲ 65.7%€16,096▼ 56.3%-€5,954-€78,629▼ 1,221%-€17,895▲ 77.2%
Net result€66,312-€51,812▼ 21.9%€16,372within the sector's middle half▼ 68.4%€26,666within the sector's middle half▲ 62.9%€9,124within the sector's middle half▼ 65.8%-€6,670below the sector's middle half-€79,235below the sector's middle half▼ 1,088%-€19,499below the sector's middle half▲ 75.4%
Equity€16,791-€68,603▲ 309%€84,975within the sector's middle half▲ 23.9%€111,641within the sector's middle half▲ 31.4%€110,765within the sector's middle half▼ 0.8%€104,094within the sector's middle half▼ 6.0%€24,859below the sector's middle half▼ 76.1%€5,361below the sector's middle half▼ 78.4%
Total assets€101,793-€97,930▼ 3.8%€109,247within the sector's middle half▲ 11.6%€124,466within the sector's middle half▲ 13.9%€174,588within the sector's middle half▲ 40.3%€147,774within the sector's middle half▼ 15.4%€60,965below the sector's middle half▼ 58.7%€60,993below the sector's middle half=
Debt€85,002-€29,327▼ 65.5%€24,272▼ 17.2%€12,825▼ 47.2%€63,823▲ 398%€43,680▼ 31.6%€36,106▼ 17.3%€55,632▲ 54.1%
Working capital€7,617-€59,892▲ 686%€62,601within the sector's middle half▲ 4.5%€86,978within the sector's middle half▲ 38.9%€80,123within the sector's middle half▼ 7.9%€77,944within the sector's middle half▼ 2.7%€2,859below the sector's middle half▼ 96.3%-€13,839below the sector's middle half
Solvency16.5%-70.1%▲ 53.6pp77.8%within the sector's middle half▲ 7.7pp89.7%above the sector's middle half▲ 11.9pp63.4%within the sector's middle half▼ 26.3pp70.4%within the sector's middle half▲ 7.0pp40.8%within the sector's middle half▼ 29.7pp8.8%below the sector's middle half▼ 32.0pp
Current ratio1.12-4.52▲ 3.414.24within the sector's middle half▼ 0.287.78above the sector's middle half▲ 3.543.61within the sector's middle half▼ 4.184.61within the sector's middle half▲ 1.001.11below the sector's middle half▼ 3.490.75below the sector's middle half▼ 0.36
Return on assets (ROA)65.1%-52.9%▼ 12.2pp15.0%within the sector's middle half▼ 37.9pp21.4%within the sector's middle half▲ 6.4pp5.2%within the sector's middle half▼ 16.2pp-4.5%below the sector's middle half▼ 9.7pp-130.0%below the sector's middle half▼ 125.5pp-32.0%below the sector's middle half▲ 98.0pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €17,895, smaller than the loss of €78,629 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60,993
Fixed assets
€19,200 ▼ 41.7%
Current assets
€41,793 ▲ 49.0%
Equity and liabilities €60,993
Equity
€5,361 ▼ 78.4%
Debt
€55,632 ▲ 54.1%
Debt's share of the balance-sheet total rises from 59.2% to 91.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€4,178▲
2024 · -€63,327
Cash flow
-€5,782▲
2024 · -€63,933
Debt to equity
10.38▲
2024 · 1.45
ROE
-363.7%▼
2024 · -318.7%
Interest coverage
-2.90▲
2024 · -143.95
Debt ≤ 1 year
€55,632▲
2024 · €25,190
Income taxes
€165▼
2024 · €166
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,712 | €59,767 | - | - | - |
| Depreciation and write-downs of the year | €8,384 | €20,705 | €15,507 | €15,302 | €13,717 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,941 | €7,735 | €8,892 | €8,384 | €20,705 | €15,507 | €15,302 | €13,717 | ▼ 10.4% |
| Other operating charges640/8 | - | - | - | €540 | €1,942 | €1,739 | €1,727 | €2,154 | ▲ 24.7% |
| Gross operating margin9900 | €75,571 | €65,968 | €32,123 | €45,789 | €38,742 | €11,292 | -€61,600 | -€2,024 | ▲ 96.7% |
| Operating profit (loss)9901 | €67,038 | €57,649 | €22,248 | €36,865 | €16,096 | -€5,954 | -€78,629 | -€17,895 | ▲ 77.2% |
| Financial income75/76B | - | - | - | €360 | - | €1 | €0 | €1 | ▲ 66× |
| Recurring financial income75 | - | €1 | - | €360 | - | €1 | €0 | €1 | ▲ 66× |
| Financial charges65/66B | - | - | - | €405 | €1,084 | €540 | €440 | €1,439 | ▲ 227% |
| Recurring financial charges65 | €393 | €449 | €441 | €405 | €901 | €540 | €440 | €1,439 | ▲ 227% |
| Non-recurring financial charges66B | - | - | - | - | €183 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €66,592 | €57,201 | €21,807 | €36,820 | €15,011 | -€6,493 | -€79,069 | -€19,333 | ▲ 75.5% |
| Income taxes67/77 | €280 | €5,389 | €5,435 | €10,154 | €5,888 | €178 | €166 | €165 | ▼ 0.6% |
| Profit (loss) for the period9904 | €66,312 | €51,812 | €16,372 | €26,666 | €9,124 | -€6,670 | -€79,235 | -€19,499 | ▲ 75.4% |
| Profit (loss) for the period to be appropriated9905 | €66,312 | €51,812 | €16,372 | €26,666 | €9,124 | -€6,670 | -€79,235 | -€19,499 | ▲ 75.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €101,793 | €97,930 | €109,247 | €124,466 | €174,588 | €147,774 | €60,965 | €60,993 | = |
| Fixed assets21/28 | €28,771 | €21,037 | €27,335 | €24,663 | €63,725 | €48,218 | €32,917 | €19,200 | ▼ 41.7% |
| Tangible fixed assets22/27 | €28,171 | €20,437 | €26,435 | €23,763 | €62,825 | €47,318 | €32,017 | €18,300 | ▼ 42.8% |
| Plant, machinery and equipment23 | - | - | - | €5,400 | €5,964 | €3,369 | €346 | €173 | ▼ 50.0% |
| Furniture and vehicles24 | - | - | - | €8,802 | €2,647 | €2,322 | €2,629 | €1,672 | ▼ 36.4% |
| Leasing and similar rights25 | - | - | - | - | €45,792 | €34,344 | €22,896 | €11,448 | ▼ 50.0% |
| Other tangible fixed assets26 | - | - | - | €9,561 | €8,423 | €7,284 | €6,145 | €5,006 | ▼ 18.5% |
| Financial fixed assets28 | €600 | €600 | €900 | €900 | €900 | €900 | €900 | €900 | = |
| Current assets29/58 | €73,022 | €76,893 | €81,912 | €99,803 | €110,862 | €99,555 | €28,049 | €41,793 | ▲ 49.0% |
| Amounts receivable within one year40/41 | €17,441 | €20,461 | €20,061 | €20,287 | €18,899 | €20,766 | €19,533 | €9,859 | ▼ 49.5% |
| Trade receivables40 | - | - | - | €20,287 | €14,572 | €14,944 | - | - | - |
| Other amounts receivable41 | - | - | - | - | €4,327 | €5,822 | €19,533 | €9,859 | ▼ 49.5% |
| Cash at bank and in hand54/58 | €54,294 | €55,069 | €60,814 | €76,865 | €89,901 | €75,533 | €5,218 | €29,738 | ▲ 470% |
| Deferred charges and accrued income490/1 | - | - | - | €2,651 | €2,063 | €3,256 | €3,298 | €2,196 | ▼ 33.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €101,793 | €97,930 | €109,247 | €124,466 | €174,588 | €147,774 | €60,965 | €60,993 | = |
| Equity10/15 | €16,791 | €68,603 | €84,975 | €111,641 | €110,765 | €104,094 | €24,859 | €5,361 | ▼ 78.4% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €10,591 | €62,403 | €78,775 | €105,441 | €104,565 | €104,565 | €104,565 | €104,565 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €8,500 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €95,081 | €104,565 | €104,565 | €104,565 | €104,565 | = |
| Profit (loss) carried forward14 | - | - | - | - | - | -€6,670 | -€85,905 | -€105,404 | ▼ 22.7% |
| Amounts payable17/49 | €85,002 | €29,327 | €24,272 | €12,825 | €63,823 | €43,680 | €36,106 | €55,632 | ▲ 54.1% |
| Amounts payable after more than one year17 | €19,597 | €12,326 | €4,961 | - | €33,084 | €22,068 | €10,916 | - | - |
| Financial debts170/4 | - | - | - | - | €33,084 | €22,068 | €10,916 | - | - |
| Amounts payable within one year42/48 | €65,405 | €17,001 | €19,311 | €12,825 | €30,740 | €21,612 | €25,190 | €55,632 | ▲ 121% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,962 | €10,882 | €11,016 | €11,152 | €10,916 | ▼ 2.1% |
| Trade debts44 | €410 | €889 | €1,139 | €59 | €554 | €5,236 | €1,447 | €384 | ▼ 73.4% |
| Suppliers440/4 | - | - | - | €59 | €554 | €5,236 | €1,447 | €384 | ▼ 73.4% |
| Taxes, remuneration and social security45 | - | - | - | €7,152 | €8,438 | €4,434 | €2,266 | €13,711 | ▲ 505% |
| Taxes450/3 | - | - | - | €7,152 | €8,438 | €4,434 | €2,266 | €13,711 | ▲ 505% |
| Other amounts payable47/48 | - | - | - | €653 | €10,866 | €926 | €10,326 | €30,621 | ▲ 197% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,312 | €51,812 | €16,372 | €26,666 | €9,124 | -€6,670 | -€79,235 | -€19,499 | ▲ 75.4% |
| + Depreciation and write-downs630 | €7,941 | €7,735 | €8,892 | €8,384 | €20,705 | €15,507 | €15,302 | €13,717 | ▼ 10.4% |
| Operating cash flow (approximation) | €74,253 | €59,547 | €25,264 | €35,051 | €29,828 | €8,837 | -€63,933 | -€5,782 | ▲ 91.0% |
| Investment in fixed assets (approximation) | - | -€1 | -€15,190 | -€5,712 | -€59,767 | €0 | €0 | €0 | - |
| Change in cash | - | €775 | €5,745 | €16,051 | €13,036 | -€14,368 | -€70,316 | €24,521 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 540 companies had the same profile as 2 KNOW has now. Two years later, 85.9% were still going and 5.2% had gone bankrupt.
- Micro
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
85.9%
was still going
8.3%
stopped otherwise
5.2%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of 2 KNOW itself is lower: 0.2% within 12 months. It rests on far more data about 2 KNOW than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 540 companies, not a prediction for 2 KNOW. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-06-2026 | 2026-00146301 | |
| 31-12-2024 | micro format | 02-06-2025 | 2025-00113512 | |
| 31-12-2023 | micro format | 14-06-2024 | 2024-00131934 | |
| 31-12-2022 | micro format | 09-06-2023 | 2023-00116098 | |
| 31-12-2021 | micro format | 09-06-2022 | 2022-20053081 | |
| 31-12-2020 | micro format | 17-06-2021 | 2021-21200278 | |
| 31-12-2019 | micro format | 01-07-2020 | 2020-24200091 | |
| 31-12-2018 | micro format | 17-06-2019 | 2019-19500187 | |
| 31-12-2017 | micro format | 15-06-2018 | 2018-19600037 | |
| 31-12-2016 | micro format | 26-06-2017 | 2017-23000168 |