2 WAYS
ActiveSummary
2 WAYS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62k and a net result of €10k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 32% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+23
Solvency53▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.91 against 0.68 in 2024; short-term debt: 18.7% and cash: 3.8% of total assets), and 71.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.2%
Return on assets
4.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
on the day
2023
29 d early
2022
7 d late
2021
18 d late
2020
1 d early
2019
20 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€62k▼ 6.8%
2024 · €66k
2018: €47klowest in 8 years
2019: €63k▲ +33.7% vs 2018
2020: €87k▲ +37.4% vs 2019
2021: €92k▲ +6.2% vs 2020
2022: €94k▲ +2.2% vs 2021highest in 8 years
2023: €79k▼ -16.3% vs 2022
2024: €66k▼ -15.9% vs 2023
2025: €62k▼ -6.8% vs 2024
2018 → 2025
Total assets
€219k▲ 29.8%
2024 · €168k
2018: €216k
2019: €184k▼ -14.8% vs 2018
2020: €169k▼ -8.4% vs 2019
2021: €255k▲ +51.1% vs 2020highest in 8 years
2022: €229k▼ -10.0% vs 2021
2023: €191k▼ -16.7% vs 2022
2024: €168k▼ -11.9% vs 2023lowest in 8 years
2025: €219k▲ +29.8% vs 2024
2018 → 2025
Net result
€10k
2024 · €-7k
2018: €-16klowest in 8 years
2019: €16k▲ +197% vs 2018
2020: €24k▲ +48.5% vs 2019highest in 8 years
2021: €5k▼ -77.3% vs 2020
2022: €6k▲ +17.1% vs 2021
2023: €-7k▼ -207% vs 2022
2024: €-7k▼ -2.0% vs 2023
2025: €10k▲ +239% vs 2024
2018 → 2025
Working capital
€-4k▲ 67.6%
2024 · €-11k
2018: €-100klowest in 8 years
2019: €-73k▲ +26.6% vs 2018
2020: €-38k▲ +47.8% vs 2019
2021: €-23k▲ +40.1% vs 2020
2022: €-23k● -0.0% vs 2021
2023: €-14k▲ +39.9% vs 2022
2024: €-11k▲ +17.5% vs 2023
2025: €-4k▲ +67.6% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€92k-€94k▲ 2.2%€79k▼ 16.3%€66k▼ 15.9%€62k▼ 6.8%
2021: €92k
2022: €94k▲ +2.2% vs 2021highest in 5 years
2023: €79k▼ -16.3% vs 2022
2024: €66k▼ -15.9% vs 2023
2025: €62k▼ -6.8% vs 2024lowest in 5 years
Operating result€11k-€16k▲ 51.6%€-60€-691▼ 1,052%€20k
2021: €11k
2022: €16k▲ +51.6% vs 2021
2023: €-60▼ -100% vs 2022
2024: €-691▼ -1052% vs 2023lowest in 5 years
2025: €20k▲ +2990% vs 2024highest in 5 years
Net result€5k-€6k▲ 17.1%€-7k€-7k▼ 2.0%€10k
2021: €5k
2022: €6k▲ +17.1% vs 2021
2023: €-7k▼ -207% vs 2022
2024: €-7k▼ -2.0% vs 2023lowest in 5 years
2025: €10k▲ +239% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €20k after a loss of €691 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €219k
Fixed assets
€181k ▲ 25.6%
Current assets
€37k ▲ 55.2%
Equity and liabilities €219k
Equity
€62k ▼ 6.8%
Debt
€157k ▲ 53.5%
Debt's share of the balance-sheet total rises from 60.8% to 71.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€48k▲
2024 · €26k
Cash flow
€37k▲
2024 · €20k
Current ratio
0.91▲
2024 · 0.68
Debt to equity
2.55▲
2024 · 1.55
ROE
15.4%▲
2024 · -10.3%
ROA
4.4%▲
2024 · -4.1%
Interest coverage
7.61▲
2024 · 4.46
Debt ≤ 1 year
€41k▲
2024 · €35k
Debt > 1 year
€116k▲
2024 · €67k
Income taxes
€4k▲
2024 · €281
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€168k€219k▲
Fixed assets21/28€144k€181k▲
Tangible fixed assets22/27€144k€181k▲
Land and buildings22€140k€175k▲
Plant, machinery and equipment23€391€94▼
Furniture and vehicles24€3k€6k▲
Financial fixed assets28€525€525=
Current assets29/58€24k€37k▲
Amounts receivable within one year40/41€21k€26k▲
Trade receivables40€21k€20k▼
Other amounts receivable41-€6k
Cash at bank and in hand54/58-€8k
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€168k€219k▲
Equity10/15€66k€62k▼
Contributions10/11€20k€20k=
Reserves13€40k€40k=
Tax-exempt reserves132€34k€34k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€5k€707▼
Amounts payable17/49€102k€157k▲
Amounts payable after more than one year17€67k€116k▲
Financial debts170/4€67k€116k▲
Amounts payable within one year42/48€35k€41k▲
Current portion of amounts payable after more than one year42€12k€18k▲
Financial debts43€10k-
Credit institutions430/8€10k-
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45€8k€19k▲
Taxes450/3€8k€19k▲
Other amounts payable47/48€60-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€28k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€28k€50k▲
Operating profit (loss)9901€-691€20k▲
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€-7k€14k▲
Income taxes67/77€281€4k▲
Profit (loss) for the period9904€-7k€10k▲
Profit (loss) for the period to be appropriated9905€-7k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€15k▲
Profit (loss) brought forward from the previous period14P€18k€5k▼
Profit to be distributed694/7€6k€14k▲
Return on contributions (dividend)694€6k€14k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32k | €40k | €37k | €27k | €28k | ▲ 3.2% |
| Other operating charges640/8 | €2k | €1k | €2k | €2k | €2k | ▲ 7.8% |
| Gross operating margin9900 | €44k | €57k | €39k | €28k | €50k | ▲ 77.2% |
| Operating profit (loss)9901 | €11k | €16k | €-60 | €-691 | €20k | ▲ 2,990% |
| Financial charges65/66B | €3k | €7k | €6k | €6k | €6k | ▲ 7.0% |
| Recurring financial charges65 | €3k | €7k | €6k | €6k | €6k | ▲ 7.0% |
| Profit (loss) for the period before taxes9903 | €7k | €10k | €-6k | €-7k | €14k | ▲ 310% |
| Income taxes67/77 | €2k | €3k | €294 | €281 | €4k | ▲ 1,394% |
| Profit (loss) for the period9904 | €5k | €6k | €-7k | €-7k | €10k | ▲ 239% |
| Profit (loss) for the period to be appropriated9905 | €5k | €6k | €-7k | €-7k | €10k | ▲ 239% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €255k | €229k | €191k | €168k | €219k | ▲ 29.8% |
| Formation expenses20 | - | - | €251 | - | - | - |
| Fixed assets21/28 | €218k | €207k | €171k | €144k | €181k | ▲ 25.6% |
| Tangible fixed assets22/27 | €218k | €207k | €170k | €144k | €181k | ▲ 25.7% |
| Land and buildings22 | €211k | €197k | €164k | €140k | €175k | ▲ 24.5% |
| Plant, machinery and equipment23 | €1k | €986 | €689 | €391 | €94 | ▼ 76.0% |
| Furniture and vehicles24 | €5k | €9k | €6k | €3k | €6k | ▲ 94.6% |
| Financial fixed assets28 | €525 | €525 | €525 | €525 | €525 | = |
| Current assets29/58 | €37k | €22k | €20k | €24k | €37k | ▲ 55.2% |
| Amounts receivable within one year40/41 | €22k | €19k | €17k | €21k | €26k | ▲ 21.2% |
| Trade receivables40 | €16k | €19k | €17k | €21k | €20k | ▼ 6.4% |
| Other amounts receivable41 | €6k | - | - | - | €6k | - |
| Cash at bank and in hand54/58 | €12k | - | - | - | €8k | - |
| Deferred charges and accrued income490/1 | €3k | €3k | €3k | €3k | €3k | ▲ 16.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €255k | €229k | €191k | €168k | €219k | ▲ 29.8% |
| Equity10/15 | €92k | €94k | €79k | €66k | €62k | ▼ 6.8% |
| Contributions10/11 | €19k | €19k | €20k | €20k | €20k | = |
| Reserves13 | €36k | €42k | €40k | €40k | €40k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €34k | €34k | €34k | €34k | €34k | = |
| Distributable reserves133 | - | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €37k | €33k | €18k | €5k | €707 | ▼ 86.4% |
| Amounts payable17/49 | €163k | €136k | €112k | €102k | €157k | ▲ 53.5% |
| Amounts payable after more than one year17 | €103k | €90k | €79k | €67k | €116k | ▲ 73.4% |
| Financial debts170/4 | €103k | €90k | €79k | €67k | €116k | ▲ 73.4% |
| Amounts payable within one year42/48 | €60k | €45k | €34k | €35k | €41k | ▲ 15.7% |
| Current portion of amounts payable after more than one year42 | €33k | €20k | €12k | €12k | €18k | ▲ 51.6% |
| Financial debts43 | - | €5k | €10k | €10k | - | - |
| Credit institutions430/8 | - | €5k | €10k | €10k | - | - |
| Trade debts44 | €8k | €5k | €3k | €5k | €4k | ▼ 20.5% |
| Suppliers440/4 | €8k | €5k | €3k | €5k | €4k | ▼ 20.5% |
| Taxes, remuneration and social security45 | €18k | €15k | €9k | €8k | €19k | ▲ 131% |
| Taxes450/3 | €18k | €15k | €9k | €8k | €19k | ▲ 131% |
| Other amounts payable47/48 | - | €850 | €322 | €60 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €6k | €-7k | €-7k | €10k | ▲ 239% |
| + Depreciation and write-downs630 | €32k | €40k | €37k | €27k | €28k | ▲ 3.2% |
| Operating cash flow (approximation) | €37k | €46k | €30k | €20k | €37k | ▲ 86.1% |
| Investment in fixed assets (approximation) | - | €-29k | €-723 | €-251 | €-65k | ▼ 25,641% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €24k ▲48.5%
Operating result €34k, net result €24k, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wavre · 1 establishment unit since 2002
Ground area
2,259 m²
Building footprint
84 m²
Volume, LiDAR
512 m³
Parcel 25112B0080/00S000, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Chemin de la Commanderie 8, 1300 Wavre
since 20022.115.054.118
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112B0080/00S000 | Wallonia | 2,259 m² | 1 · 84 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,577 companies in sector 82300 we hold annual accounts for 1,672. 1,296 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-07-2002
Fiscal year end31-12
Abbreviation FR
2 W'S
Activities, NACEBEL 2025
82300Organisation of conventions and trade shows
47400Retail sale of information and communication equipment
63100Computing infrastructure, data processing, hosting and related activities
Scores and ratios are computed by Checked and are not a credit decision.