Losses
-€54,581 in two years
The 2025 and 2026 financial years closed with a loss. 2026 was the heaviest.
2BOW
Lifetime
3 annual accounts with figures on one time axispeak €103,695 (2024)
€33,536▼ 53.3%
lowest -€33,485 (2026)
-€33,485▼ €12,389
peak €112,326 (2024)
€57,745▼ 36.7%
€682,491▼ 49.9%
Board3 names since 2022
2 directorsBIEBAUW Cedric and 1 other
Documentsfilings and deeds
29-10-20262 days before the deadline
2026abbreviated format
Gross margin from €71,790 to €33,536Loss of €33,485Equity from €91,230 to €57,745Debts from €1.4m to €682,491Cash from €23,912 to €59,412
Key points
from the 2026 annual accountsTurnover
≈ €92,000 estimated
The abbreviated format states no turnover.
Debts
€682,491 92% of the balance sheet
Financial debts 84%Suppliers 2%Taxes and wages 0%Other 14%
Of this, €110,223 falls due within a year.
Liquidity
0.69 was 1.33 in 2025
Short-term debts fell from €580,306 to €110,223.
At the same address
60 companies
Position in the sector
-€33,485
Lower net result than 86% of companies in real estate. Sector median €14,866 · 403 companies.
Checked score
87
Excellent
Financially stronger than 33% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.3%▼ -0.1 percentage points vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.4%▲ +0.1 percentage points vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025highest value
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.2%▼ -0.2 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.3%▲ +0.1 percentage points vs 08-2026
10-2026: 0.2%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Equity €57,745 (7.8% of total assets)
lowers risk
Size: total assets €740,236
Sector: Real estate activities (NACE 68)
Figures for financial year 2026 (filed on 30-10-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 29% of them on solvency, 68% on liquidity, 19% on profitability and 15% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 865 companies had the same profile as 2BOW has now. Each dot stands for 3 companies, two years later.
96.6%
were still trading
1.7%
stopped another way
1.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of 2BOW itself is lower: 0.2% within 12 months. It rests on far more data about 2BOW than the profile alone.
Test of the method
The method was tested on the 497,447 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 865 companies, not a prediction for 2BOW. 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.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.69 (1.33 in 2025), below 1. Short-term debt is 14.9% and cash 8% of total assets. 92.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
242526
2024 to 2026 · latest year -€33,485
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 405 sector peers (2026).
NBB · sector comparisonPosition among 405 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 29-10-2026, 2 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2026
2 days early
2025
1 day early
2024
5 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 1 day after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 30 October (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
BC
Biebauw Christophe
Director, since 12-04-2022
- BIEBAUW Cedric 50 sharesdeed of 15-04-2022
- BIEBAUW Christoph Henri Maurits 50 sharesdeed of 15-04-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0784787507
First establishment
Kalvekeetdijk 179, Knokke-Heist
Incorporation
Founding capital of €100,000, 100 shares · Founders: BIEBAUW Cedric and BIEBAUW Christoph Henri Maurits · Appointments: BIEBAUW Cedric (director) and BIEBAUW Christoph Henri Maurits (director) · published on 15-04-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| 2BOW Knokke-Heist | €740,236 | €33,536 | 7.8% | - |
| MaNo-ir Kortrijk | €657,828 | €41,170 | 3.0% | 0 |
| DOMAC Tournai | €632,667 | €38,415 | -19.8% | - |
| Nil Properties Edegem | €857,907 | €37,903 | 0.2% | - |
| Bulkmans Vastgoed Rumst | €632,576 | €26,878 | -7.8% | - |
| IMMOBILIÈRE CHAIR ET PAIN Waterloo | €849,054 | €37,783 | -1.6% | - |
| SPN IMMO Herstal | €618,259 | €44,801 | 40.9% | - |
These companies have the same main activity as 2BOW: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €618,000 and €858,000, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 13-04-2022Normal situation
- Registered office
- 61 active companies are registered at this address6 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Buying and selling of own real estateNACE 68110and 5 others
- Establishment unit
- 2.330.071.4448300 Knokke-Heist, since 15-04-2022
- Financial year end
- 31 March
- Peppol
- Reachable since 27-05-2025
Annual accounts to 31-03-2026
- €740,236▼ 49.0%
- Filing
- Filed on 29-10-2026, 2 days before the end of the filing period
Insights on 2BOW
2BOW files the abbreviated format. That format states no turnover. The gross margin fell from €103,695 in 2024 to €33,536 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about 2BOW
- What is the company number of 2BOW?
- The company number of 2BOW is 0784.787.507. The VAT number is the same number with BE in front: BE 0784.787.507.
- Where is 2BOW based?
- The registered office is at Kalvekeetdijk 179, 8300 Knokke-Heist.Company details
- What does 2BOW do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of 2BOW?
- 2BOW is a private limited company (BV).
- When was 2BOW founded?
- 2BOW was founded on 13-04-2022.
- Is 2BOW still active?
- Yes, 2BOW is an active enterprise in the KBO register.
- What is the turnover of 2BOW?
- The turnover in financial year 2026 is ≈ €92,000. This figure is estimated from the gross margin of €33,536 and 32 comparable companies (NACE 681). It probably lies between €50,000 and €190,000.Financials
- Is 2BOW profitable?
- In financial year 2026, 2BOW made a loss of €33,485.
- Where can I find the annual accounts of 2BOW?
- 2BOW filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of 2BOW due?
- 2BOW must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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