2friends
ActiveSummary
2friends has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,594 and a net result of €42,338. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 23% of 7833 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency40▲+40
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.07 against 0.78 in 2024; short-term debt: 85.5% and cash: 28.4% of total assets), and 85.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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
14.5%
Return on assets
53%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7833 sector peers (2025).
NBB · sector comparisonPosition among 7833 sector peers
Solvency
better than 23%
← weakest
strongest →
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 10-03-2026, 143 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
143 d early
2024
21 d early
2023
78 d early
2022
55 d early
2021
46 d early
2020
26 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 57 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
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. Usually files around 6 June (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€11,594
2024 · -€30,744
Total assets
€79,891▼ 28.7%
2024 · €112,109
Net result
€42,338▼ 17.1%
2024 · €51,045
Working capital
€4,462
2024 · -€30,744
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,785▼ 63.2%€9,554▲ 435%€61,291▲ 542%€51,538▼ 15.9%€53,304▲ 3.4%
Net result€1,166within the sector's middle half▼ 73.5%€8,857within the sector's middle half▲ 660%€60,470above the sector's middle half▲ 583%€51,045above the sector's middle half▼ 15.6%€42,338within the sector's middle half▼ 17.1%
Equity-€151,116below the sector's middle half▲ 0.8%-€142,259below the sector's middle half▲ 5.9%-€81,790below the sector's middle half▲ 42.5%-€30,744below the sector's middle half▲ 62.4%€11,594below the sector's middle half
Total assets€13,794below the sector's middle half▼ 23.4%€9,534below the sector's middle half▼ 30.9%€48,723below the sector's middle half▲ 411%€112,109within the sector's middle half▲ 130%€79,891within the sector's middle half▼ 28.7%
Debt€164,910▼ 3.2%€151,794▼ 8.0%€130,512▼ 14.0%€142,853▲ 9.5%€68,297▼ 52.2%
Working capital-€155,863below the sector's middle half▲ 3.7%-€142,259below the sector's middle half▲ 8.7%-€81,790below the sector's middle half▲ 42.5%-€30,744below the sector's middle half▲ 62.4%€4,462within the sector's middle half
Solvency-167.9%below the sector's middle half-27.4%below the sector's middle half▲ 140.4pp14.5%below the sector's middle half▲ 41.9pp
Current ratio0.05below the sector's middle half=0.06below the sector's middle half▲ 0.010.37below the sector's middle half▲ 0.310.78below the sector's middle half▲ 0.411.07within the sector's middle half▲ 0.28
Return on assets (ROA)8.5%within the sector's middle half▼ 15.9pp92.9%above the sector's middle half▲ 84.4pp124.1%above the sector's middle half▲ 31.2pp45.5%above the sector's middle half▼ 78.6pp53.0%above the sector's middle half▲ 7.5pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 3% above 2024.
Balance-sheet composition
Assets €79,891
Fixed assets
€7,132
Current assets
€72,759
Equity and liabilities €79,891
Equity
€11,594
Debt
€68,297
Debt finances 85.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€56,478
Cash flow
€45,512
Debt to equity
5.89▲
2024 · -4.65
ROE
365.2%
Interest coverage
286.54
Debt ≤ 1 year
€68,297▼
2024 · €142,853
Income taxes
€10,769▲
2024 · €187
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,815 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,815 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,747 | €4,747 | - | - | €3,174 | - |
| Other operating charges640/8 | €706 | €939 | €1,011 | €517 | €1,240 | ▲ 140% |
| Gross operating margin9900 | €7,238 | €15,240 | €62,303 | €52,055 | €57,718 | ▲ 10.9% |
| Operating profit (loss)9901 | €1,785 | €9,554 | €61,291 | €51,538 | €53,304 | ▲ 3.4% |
| Financial income75/76B | - | €0 | - | €151 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | €0 | - | €151 | €0 | ▼ 100.0% |
| Financial charges65/66B | €620 | €697 | €606 | €457 | €197 | ▼ 56.9% |
| Recurring financial charges65 | €620 | €697 | €606 | €457 | €197 | ▼ 56.9% |
| Profit (loss) for the period before taxes9903 | €1,166 | €8,857 | €60,685 | €51,232 | €53,107 | ▲ 3.7% |
| Income taxes67/77 | - | - | €216 | €187 | €10,769 | ▲ 5,666% |
| Profit (loss) for the period9904 | €1,166 | €8,857 | €60,470 | €51,045 | €42,338 | ▼ 17.1% |
| Profit (loss) for the period to be appropriated9905 | €1,166 | €8,857 | €60,470 | €51,045 | €42,338 | ▼ 17.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13,794 | €9,534 | €48,723 | €112,109 | €79,891 | ▼ 28.7% |
| Fixed assets21/28 | €4,747 | - | - | - | €7,132 | - |
| Tangible fixed assets22/27 | €4,747 | - | - | - | €7,132 | - |
| Furniture and vehicles24 | €4,747 | - | - | - | €7,132 | - |
| Current assets29/58 | €9,047 | €9,534 | €48,723 | €112,109 | €72,759 | ▼ 35.1% |
| Amounts receivable within one year40/41 | €9,047 | €8,945 | €33,540 | €28,855 | €49,324 | ▲ 70.9% |
| Trade receivables40 | €8,574 | €8,933 | €33,502 | €28,851 | €44,741 | ▲ 55.1% |
| Other amounts receivable41 | €473 | €11 | €38 | €4 | €4,582 | ▲ 121,126% |
| Cash at bank and in hand54/58 | - | €234 | €14,518 | €82,884 | €22,660 | ▼ 72.7% |
| Deferred charges and accrued income490/1 | - | €356 | €664 | €370 | €776 | ▲ 110% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13,794 | €9,534 | €48,723 | €112,109 | €79,891 | ▼ 28.7% |
| Equity10/15 | -€151,116 | -€142,259 | -€81,790 | -€30,744 | €11,594 | ▲ 138% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€169,716 | -€160,859 | -€100,390 | -€49,344 | -€7,006 | ▲ 85.8% |
| Amounts payable17/49 | €164,910 | €151,794 | €130,512 | €142,853 | €68,297 | ▼ 52.2% |
| Amounts payable within one year42/48 | €164,910 | €151,794 | €130,512 | €142,853 | €68,297 | ▼ 52.2% |
| Financial debts43 | €4,552 | - | - | - | - | - |
| Credit institutions430/8 | €4,552 | - | - | - | - | - |
| Trade debts44 | €1,501 | €660 | €437 | €970 | €829 | ▼ 14.6% |
| Suppliers440/4 | €1,501 | €660 | €437 | €970 | €829 | ▼ 14.6% |
| Advances received on contracts in progress46 | €3,853 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €14 | €2,188 | €6,225 | €4,799 | €5,247 | ▲ 9.3% |
| Taxes450/3 | €14 | €2,188 | €6,225 | €4,799 | €5,247 | ▲ 9.3% |
| Other amounts payable47/48 | €154,990 | €148,946 | €123,850 | €137,084 | €62,222 | ▼ 54.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,166 | €8,857 | €60,470 | €51,045 | €42,338 | ▼ 17.1% |
| + Depreciation and write-downs630 | €4,747 | €4,747 | - | - | €3,174 | - |
| Operating cash flow (approximation) | €5,913 | €13,604 | €60,470 | €51,045 | €45,512 | ▼ 10.8% |
| Change in cash | - | - | €14,285 | €68,365 | -€60,224 | ▼ 188% |
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
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €60,470 ▲583%
Operating result €61,291, net result €60,470, both a record.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €4,393
Net result €4,393 after 2 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Blankenberge · 1 establishment unit since 2005
Ground area
924 m²
Building footprint
238 m²
Volume, LiDAR
971 m³
Parcel 31034B0161/00D000, Flanders · tallest building 8.1 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
2 FRIENDS
since 20052.145.542.901
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31034B0161/00D000 | Flanders | 924 m² | 1 · 238 m² | 8.1 m · 1 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.
Similar companies · same sector, comparable size
Lehrman International
BE 1012.773.139
Antwerpen · Eq €11,028
F&D Consulting
BE 0468.587.006
Braine-le-Comte · Eq €10,637
QUOTUM
BE 0872.728.301
Hooglede · Eq €13,280
ALGEMENE VOORWAARDEN
BE 1029.676.279
Oudenaarde · Eq €13,552
Ddgeservice
BE 1029.753.582
Aarschot · Eq €8,473
Of 150 companies in sector 82910 we hold annual accounts for 78. 33 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
Founded28-02-2005
Fiscal year end31-12
Activities, NACEBEL 2025
82910Office administrative, office support and other business support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0872164018
Also
9925:BE0872164018
Registered
24-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.