2MD
ActiveSummary
2MD has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,533 and a net result of €5,919. Equity has been growing by about 5% per year since 2018. Its solvency ranks better than 95% of 9,664 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-06-1994 Normal situation
- Activity
- Organisation of conventions and trade shows NACE 82300and 3 others
- Establishment unit
- 2.068.479.072 3052 Oud-Heverlee, since 30-09-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 24-07-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €9,840
- ▲ 169%
- Turnover
- ≈ €53,000
- estimated
- Profit
- €5,919
- ▲ 82.7%
- Equity
- €35,533
- ▲ 20.0%
- Total assets
- €37,042
- ▼ 1.8%
Score breakdownraises riskSize: total assets €37,042lowers riskLiquidity: current ratio 24.54, cash €31,767Equity €35,533 (95.9% of total assets)Founded in 1994Show the evidence
Checked score
Fewer than 1 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 82, micro). It does better than 88% of them on solvency, 97% on liquidity, 49% on profitability and 65% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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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Signals
The company filed its last 7 accounts on average 106 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 31-03-2026 PDF all 31 filings
Every figure per financial year
The operating result for 2025 is 189% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €750 | €1,247 | €1,247 | €1,247 | €0 | - | - | - | - |
| Other operating charges640/8 | - | - | - | - | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €6,564 | €8,379 | €8,760 | -€690 | -€322 | €43 | €3,654 | €9,840 | ▲ 169% |
| Operating profit (loss)9901 | €5,467 | €6,785 | €7,166 | -€2,284 | -€669 | -€341 | €3,267 | €9,440 | ▲ 189% |
| Financial income75/76B | - | - | - | - | - | €42 | €53 | €115 | ▲ 118% |
| Recurring financial income75 | €1 | €128 | €24 | - | - | €42 | €53 | €115 | ▲ 118% |
| Financial charges65/66B | - | - | - | - | €48 | €55 | €79 | €800 | ▲ 912% |
| Recurring financial charges65 | €339 | €120 | €87 | €30 | €48 | €55 | €79 | €800 | ▲ 912% |
| Profit (loss) for the period before taxes9903 | €5,129 | €6,792 | €7,103 | -€2,315 | -€717 | -€354 | €3,240 | €8,755 | ▲ 170% |
| Income taxes67/77 | €1,564 | €2,416 | €2,278 | -€59 | €0 | - | - | €2,836 | - |
| Profit (loss) for the period9904 | €3,565 | €4,376 | €4,825 | -€2,255 | -€717 | -€354 | €3,240 | €5,919 | ▲ 82.7% |
| Profit (loss) for the period to be appropriated9905 | €3,565 | €4,376 | €4,825 | -€2,255 | -€717 | -€354 | €3,240 | €5,919 | ▲ 82.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €26,690 | €27,508 | €33,122 | €28,222 | €26,747 | €26,373 | €37,714 | €37,042 | ▼ 1.8% |
| Fixed assets21/28 | €2,251 | €2,493 | €1,247 | - | - | - | - | - | - |
| Intangible fixed assets21 | €2,251 | €1,500 | €750 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | - | €993 | €497 | - | - | - | - | - | - |
| Current assets29/58 | €24,440 | €25,015 | €31,875 | €28,222 | €26,747 | €26,373 | €37,714 | €37,042 | ▼ 1.8% |
| Amounts receivable within one year40/41 | €1,355 | €653 | €220 | €57 | €669 | €0 | - | - | - |
| Trade receivables40 | - | - | - | - | €650 | €0 | - | - | - |
| Other amounts receivable41 | - | - | - | - | €19 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €23,085 | €24,363 | €31,636 | €28,165 | €26,077 | €26,373 | €37,714 | €31,767 | ▼ 15.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €5,275 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €26,690 | €27,508 | €33,122 | €28,222 | €26,747 | €26,373 | €37,714 | €37,042 | ▼ 1.8% |
| Equity10/15 | €20,498 | €24,875 | €29,700 | €27,444 | €26,727 | €26,373 | €29,614 | €35,533 | ▲ 20.0% |
| Contributions10/11 | €18,600 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2,139 | €6,275 | €11,100 | €11,100 | €11,100 | €11,100 | €11,100 | €17,018 | ▲ 53.3% |
| Non-distributable reserves130/1 | - | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | - | €9,240 | €9,240 | €9,240 | €15,159 | ▲ 64.1% |
| Profit (loss) carried forward14 | -€240 | - | - | -€2,255 | -€2,972 | -€3,326 | -€86 | -€86 | = |
| Amounts payable17/49 | €6,192 | €2,634 | €3,422 | €778 | €19 | €0 | €8,100 | €1,510 | ▼ 81.4% |
| Amounts payable within one year42/48 | €6,105 | €2,634 | €3,421 | €778 | €19 | €0 | €8,100 | €1,510 | ▼ 81.4% |
| Trade debts44 | €1,355 | €60 | - | - | - | - | - | €1 | - |
| Suppliers440/4 | - | - | - | - | - | - | - | €1 | - |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €8,100 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | - | €0 | - | - | €1,336 | - |
| Taxes450/3 | - | - | - | - | €0 | - | - | €1,336 | - |
| Other amounts payable47/48 | - | - | - | - | €19 | €0 | - | €173 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,565 | €4,376 | €4,825 | -€2,255 | -€717 | -€354 | €3,240 | €5,919 | ▲ 82.7% |
| + Depreciation and write-downs630 | €750 | €1,247 | €1,247 | €1,247 | €0 | - | - | - | - |
| Operating cash flow (approximation) | €4,315 | €5,623 | €6,072 | -€1,009 | -€717 | -€354 | €3,240 | €5,919 | ▲ 82.7% |
| Investment in fixed assets (approximation) | - | -€1,490 | €0 | - | - | - | - | - | - |
| Change in cash | - | €1,278 | €7,274 | -€3,471 | -€2,088 | €296 | €11,340 | -€5,947 | - |
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, 31,368 companies had the same profile as 2MD has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of 2MD itself: < 0.1% 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 31,368 companies, not a prediction for 2MD. 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 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-03-2026 | 2026-00070713 | |
| 31-12-2024 | micro format | 17-01-2025 | 2025-00007905 | |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00237856 | |
| 31-12-2022 | micro format | 05-06-2023 | 2023-00106213 | |
| 31-12-2021 | micro format | 24-02-2022 | 2022-06900348 | |
| 31-12-2020 | micro format | 15-03-2021 | 2021-07600317 | |
| 31-12-2019 | micro format | 08-06-2020 | 2020-15400549 | |
| 31-12-2018 | micro format | 05-06-2019 | 2019-17000383 | |
| 31-12-2017 | micro format | 04-06-2018 | 2018-16200473 | |
| 31-12-2016 | micro format | 26-06-2017 | 2017-22100556 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 02-01-2024 Capital stated in the deed · 750 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Dirk Norbert Amelia MUTSAERTS |
|
| D'Hauwers Michel |
|
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen en vergoeding bepalen, bestuurder(s) in functie als vereffenaar(s) krachtens…”
Articles of association, deed of 02-01-2024 (in Dutch)
Network & group
Connections & network
See the function holders in the KBO register.
Timeline
Acts, filings and financial milestones
02-01
Gazette deed
Purpose · Legal-form change · Resignations & appointmentsPurpose change · Capital conversion · Reserve release11 points ▸
- General meeting, 13-12-2023
- Purpose change
- Other provision, “aanpassing statuten aan WVV met behoud rechtsvorm, statuten aanpassen aan bepalingen van het WVV” (deed in Dutch)
- Capital conversion, “van rechtswege”, EUR (deed in Dutch)
- Reserve release, “vormen en meerderheden van de statutenwijziging, opheffen statutair onbeschikbare eigen vermogensrekening en middelen beschikbaar maken voor uitkering” (deed in Dutch)
- Amendment of the articles
- Capital
- Director in office, Dirk Norbert Amelia MUTSAERTS ((niet statutaire) bestuurder)
- Registered office clause, “3052 Oud-Heverlee-Blanden,Duivenstraat 91” (deed in Dutch)
- Power of attorney
- Power of attorney, Hugo Kuijpers
10-02
Gazette deed
Resignation: D'Hauwers Michel (director)2 points ▸
- General meeting, “Duivenstraat 91 3052 Blanden, algemene vergadering 2MD BV” (deed in Dutch)
- Director resignation, D'Hauwers Michel (director)
Show earlier events
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
19 activities
- Het organiseren en verkopen van reizen;
- Het oprichten van een studiebureel;
- Het verlenen van advies betreffende energie prestatie binnenklimaat en energie-audits via de energie advies procedure (EAP);
- Het organiseren van promoties,seminaries en incentives;
- Het organiseren van tentoonstellingen;
- Het verkopen van kunst;
- Het uitvoeren van schilderwerken;
- Het ontwerpen van meubelen;
- Het ontwerpen van tuinen;
- In- en uitvoer van hout en houtproducten,kunst,elektronica,kledij en accessoires;
- Handelsbemiddeling in bouwmaterialen.Groothandel in hout en onbewerkt hout.
- De aankoop en verkoop van onroerende goederen en ze bezwaren met zakelijke rechten,gebouwen oprichten of ze gedeeltelijk verkopen,verhuren,onderverhuren,in erfpacht geven,verkavelen,vruchtgebruik of blote eigendom afstaan en dit zowel voor onroerende goederen gelegen in België als in het buitenland;
- Het zich borg stellen voor derden;
- Bestuursmandaten uitoefenen.
- Het verlenen van administratieve diensten aan andere vennootschappen en personen;
- Het uitvoeren of doen uitvoeren in verband met ondernemingen van research op alle technisch,marketing- en productie-gebied,ondernemingstechnieken en dergelijke,het geven of doen geven van adviezen op het gebied van management,begeleiding,almede alle investeringen,begeleiding en uitvoering ervan,dit alle in de meest ruime betekenis van het woord.Deze aanduiding en opsomming is niet beperkend doch enkel van een aanwijzende aard.De vennootschap zal alle roerende on onroerende goederen,materieel en inrichting mogen kopen,in pacht nemen,huren,bouwen,verkopen of ruilen.
- De vennootschap zal door middel van inbreng,versmelting,inschrijiving of op om het even welke andere wijze,mogen deelnemen aan alle ondernemingen,verenigingen,vennootschappen,die een gelijkwaardig of bijhorend voorwerp nastreven,of die eenvoudig nuttig zijn tot de algehele of gedeeltelijke verwezenlijking van haar maatschappelijk voorwerp.
- In het algemeen zal de vennootschap alle commerciële,industriële,financiële,roerende of onroerende handelingen mogen verrichten in rechtstreeks,of onrechtstreeks,geheel of gedeeltelijk verband met haar maatschappelijk voorwerp of die van die aard zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden.
- De bestuurders zijn bevoegd in deze draagwijdte en de aard van het voorwerp van de vennootschap te interpreteren.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24013A0157/00B002 | Flanders | 1,273 m² | 1 · 148 m² | 7.9 m · 2 |