2FD
ActiveSummary
2FD has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111,482 and a net result of €9,801. Equity has been stable since 2018 (±4.5% per year). Its solvency ranks better than 29% of 34,972 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 21-02-2006 Normal situation
- Activity
- General electrical installation work NACE 43211and 4 others
- Establishment unit
- 2.152.086.837 8500 Kortrijk, since 07-03-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 03-11-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- €113,768
- ▲ 115%
- Turnover
- ≈ €340,000
- estimated
- Profit
- €9,801
- Equity
- €111,482
- ▲ 9.6%
- Total assets
- €406,001
- ▼ 7.8%
- 2025 accounts filed 74 days after the deadline
Score breakdownraises riskLast filed accounts filed 74 days late; 2 of the last 3 accounts lateSector: Specialised construction activities (NACE 43)lowers riskFounded in 2006Size: total assets €406,001Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 29% of them on solvency, 39% on liquidity, 41% on profitability and 55% on growth.
The bankruptcy probability was computed on 04-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 39 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 74 days after the deadline Filed on 13 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00557459.
Annual accounts 2025 filed on 13-10-2026 at the NBB all 20 filings
Every figure per financial year
The operating result for 2025 is a profit of €18,055, after a loss of €33,474 in 2024. It is the highest result since 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €30,149 | €133,701 | €77,888 | €97,661 | €31,694 |
| Depreciation and write-downs of the year | €45,156 | €66,304 | €77,772 | €83,126 | €93,190 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €75 awarded · €75 paid| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €14,225 | €2,024 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67,208 | €55,257 | €26,768 | €45,156 | €66,304 | €77,772 | €83,126 | €93,190 | ▲ 12.1% |
| Other operating charges640/8 | - | - | - | €2,160 | €1,555 | €3,293 | €3,297 | €2,523 | ▼ 23.5% |
| Gross operating margin9900 | €95,032 | €95,842 | €25,745 | €50,783 | €112,037 | €85,557 | €52,949 | €113,768 | ▲ 115% |
| Operating profit (loss)9901 | €27,305 | €39,195 | -€2,749 | €3,468 | €44,178 | €4,491 | -€33,474 | €18,055 | - |
| Financial income75/76B | - | - | - | €0 | €18 | €1 | €4 | €0 | ▼ 100% |
| Recurring financial income75 | €520 | €3 | €6 | €0 | €18 | €1 | €4 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €4,205 | €5,249 | €6,420 | €9,102 | €8,094 | ▼ 11.1% |
| Recurring financial charges65 | €6,206 | €5,234 | €5,309 | €4,205 | €5,249 | €6,420 | €9,102 | €8,094 | ▼ 11.1% |
| Profit (loss) for the period before taxes9903 | €21,618 | €33,964 | -€8,052 | -€738 | €38,948 | -€1,928 | -€42,572 | €9,961 | - |
| Income taxes67/77 | - | - | - | - | - | - | - | €159 | - |
| Profit (loss) for the period9904 | €21,618 | €33,964 | -€8,052 | -€738 | €38,948 | -€1,928 | -€42,572 | €9,801 | - |
| Profit (loss) for the period to be appropriated9905 | €21,618 | €33,964 | -€8,052 | -€738 | €38,948 | -€1,928 | -€42,572 | €9,801 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €419,745 | €484,976 | €407,081 | €379,561 | €505,012 | €494,202 | €440,305 | €406,001 | ▼ 7.8% |
| Fixed assets21/28 | €323,570 | €351,356 | €330,803 | €315,797 | €383,194 | €381,881 | €360,549 | €299,053 | ▼ 17.1% |
| Tangible fixed assets22/27 | €323,570 | €351,356 | €330,803 | €315,797 | €383,194 | €381,881 | €360,549 | €299,053 | ▼ 17.1% |
| Plant, machinery and equipment23 | - | - | - | €132,553 | €186,215 | €193,698 | €194,859 | €152,105 | ▼ 21.9% |
| Furniture and vehicles24 | - | - | - | €1,693 | €28,469 | €32,713 | €23,259 | €17,557 | ▼ 24.5% |
| Other tangible fixed assets26 | - | - | - | €181,551 | €168,511 | €155,470 | €142,430 | €129,390 | ▼ 9.2% |
| Current assets29/58 | €96,175 | €133,619 | €76,278 | €63,764 | €121,817 | €112,321 | €79,757 | €106,949 | ▲ 34.1% |
| Stocks and contracts in progress3 | €30,000 | €30,000 | €15,000 | €15,000 | €15,000 | €30,000 | €30,000 | €30,000 | = |
| Stocks30/36 | - | - | - | - | - | €15,000 | €15,000 | €15,000 | = |
| Contracts in progress37 | - | - | - | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Amounts receivable within one year40/41 | €47,630 | €52,173 | €27,166 | €14,828 | €11,017 | €41,510 | €32,294 | €33,442 | ▲ 3.6% |
| Trade receivables40 | - | - | - | €10,945 | €6,994 | €38,738 | €25,984 | €29,155 | ▲ 12.2% |
| Other amounts receivable41 | - | - | - | €3,883 | €4,023 | €2,773 | €6,311 | €4,287 | ▼ 32.1% |
| Cash at bank and in hand54/58 | €18,545 | €51,447 | €33,602 | €33,234 | €93,675 | €38,027 | €16,196 | €41,924 | ▲ 159% |
| Deferred charges and accrued income490/1 | - | - | - | €702 | €2,126 | €2,784 | €1,267 | €1,583 | ▲ 24.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €419,745 | €484,976 | €407,081 | €379,561 | €505,012 | €494,202 | €440,305 | €406,001 | ▼ 7.8% |
| Equity10/15 | €82,058 | €116,022 | €107,970 | €107,232 | €146,180 | €144,252 | €101,680 | €111,482 | ▲ 9.6% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €63,458 | €97,422 | €89,370 | €88,632 | €127,580 | €125,652 | €83,080 | €83,080 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €86,772 | €125,720 | €125,652 | €83,080 | €83,080 | = |
| Profit (loss) carried forward14 | - | - | - | - | - | - | - | €9,801 | - |
| Amounts payable17/49 | €337,687 | €368,954 | €299,111 | €272,328 | €358,832 | €349,950 | €338,625 | €294,520 | ▼ 13.0% |
| Amounts payable after more than one year17 | €202,593 | €182,086 | €205,960 | €181,985 | €223,572 | €209,080 | €206,200 | €153,493 | ▼ 25.6% |
| Financial debts170/4 | - | - | - | €181,985 | €223,572 | €209,080 | €206,200 | €153,493 | ▼ 25.6% |
| Amounts payable within one year42/48 | €135,094 | €184,439 | €90,722 | €87,915 | €135,260 | €140,870 | €132,425 | €141,027 | ▲ 6.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €20,626 | €40,791 | €56,370 | €59,945 | €52,707 | ▼ 12.1% |
| Financial debts43 | - | - | - | - | - | - | - | €1,729 | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €1,729 | - |
| Trade debts44 | €20,526 | €53,972 | €12,729 | - | €20,987 | €0 | €13,851 | €25,499 | ▲ 84.1% |
| Suppliers440/4 | - | - | - | - | €20,987 | €0 | €13,851 | €25,499 | ▲ 84.1% |
| Taxes, remuneration and social security45 | - | - | - | €10,266 | €17,566 | €31,731 | €10,020 | €18,325 | ▲ 82.9% |
| Taxes450/3 | - | - | - | €10,266 | €17,566 | €31,731 | €10,020 | €18,325 | ▲ 82.9% |
| Other amounts payable47/48 | - | - | - | €57,023 | €55,916 | €52,769 | €48,609 | €42,767 | ▼ 12.0% |
| Accrued charges and deferred income492/3 | - | - | - | €2,429 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,618 | €33,964 | -€8,052 | -€738 | €38,948 | -€1,928 | -€42,572 | €9,801 | - |
| + Depreciation and write-downs630 | €67,208 | €55,257 | €26,768 | €45,156 | €66,304 | €77,772 | €83,126 | €93,190 | ▲ 12.1% |
| Operating cash flow (approximation) | €88,827 | €89,221 | €18,715 | €44,418 | €105,251 | €75,845 | €40,555 | €102,992 | ▲ 154% |
| Investment in fixed assets (approximation) | - | -€83,043 | -€6,214 | -€30,149 | -€133,701 | -€76,459 | -€61,794 | -€31,694 | ▲ 48.7% |
| Change in cash | - | €32,901 | -€17,844 | -€368 | €60,441 | -€55,648 | -€21,831 | €25,728 | - |
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, 3,984 companies had the same profile as 2FD has now. Two years later, 96.5% were still going and 1.1% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of 2FD itself: 0.8% within 12 months.
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 3,984 companies, not a prediction for 2FD. 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 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 13-10-2026 | 2026-00557459 | |
| 31-12-2024 | micro format | 18-09-2025 | 2025-00495870 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00396090 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00414214 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20400788 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-61900568 | |
| 31-12-2019 | micro format | 28-08-2020 | 2020-47400045 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-59200212 | |
| 31-12-2017 | micro format | 20-08-2018 | 2018-47300165 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-56600342 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 08-01-2024 Converted to available equity
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Derycke Frank |
|
| Derycke Frederiek |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
Articles of association, deed of 08-01-2024 (in Dutch)
Network & group
2FD shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of 2FD. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
08-01
Gazette deed
Registered office moved within KortrijkNew seat: Iepersestraat 108/A, 8500 Kortrijk · Previous seat: Iepersestraat 108, 8500 Kortrijk3 points ▸
- General meeting, 05-12-2023
- Registered-office move, Iepersestraat 108/A, 8500 Kortrijk
- 186 shares
- The act holds 3 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
17 activities
- Electrische installatie
- Onderneming voor de installatie van elektrische bedrading en toebehoren
- Onderneming voor de installatie van hulpvoedingssystemen (generatoraggregaten)
- Onderneming voor de installatie van elektrische verwarmingsinstallaties
- Onderneming voor de installatie van bewakingssystemen en alarminstallaties tegen diefstal
- Installatie van verwarming, klimaatregeling en ventilatie
- Groothandel in verlichtingsapparatuur
- Detailhandel in elektrische huishoudapparaten en in audio- en videoapparatuur
- Verhuur en operationele leasing zonder bedieningspersoneel van overige apparatuur voor wetenschappelijke, commerciële en industriële doeleinden, inclusief verkoopautomaten
- De uitwerking en de realisatie op het gebied van de electriciteit en electronica, mijnbouw, chemie, machine- en werktuigbouw, industriële systeemontwikkeling, veiligheid, enz.
- Organisatie van salons, tentoonstellingen en beurzen
- Overige zakelijke dienstverlening
- Verhuur en verkoop van audio-, video- en verlichtingsapparatuur
- Het waarnemen van alle bestuursopdrachten, het uitoefenen van opdrachten en functies
- Alle verrichtingen van commerciële, industriële, onroerende, roerende of financiële aard die rechtstreeks of onrechtstreeks met haar doel verwant of verknocht zijn of de verwezenlijking ervan kunnen bevorderen
- Het oordeelkundig beheer van onroerende goederen, vooral door verhuring en andere overeenkomsten met derden in verband met hun gebruik en opbrengst
- De vennootschap mag daarenboven belangen nemen, hetzij door deelneming, inbreng of elke andere wijze in alle vennootschappen, ondernemingen, syndicaten of groeperingen, bestaande of op te richten, zo in België als in het buitenland, die een gelijkluidend, aanvullend of soortgelijk doel nastreven, of die van aard zijn de ontwikkeling van haar onderneming te bevorderen, behoudens wettelijke beperkingen ter zake
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0879.504.839
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Dual-learning approval
3 endedSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34352A0200/00L009 | Flanders | 463 m² | 1 · 139 m² | 9.4 m · 2 |