2TRANSFORM
ActiveSummary
For 2TRANSFORM, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €148,960 and a net result of €5,067. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 74% of 8323 sector peers (fiscal year 2023). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability72▼-4
Solvency100▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
75.7%
Return on assets
2.6%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 20-12-2024, 142 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
142 d late
2022
102 d late
2021
198 d late
2020
91 d late
2019
456 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 198 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
€148,960▲ 3.5%
2022 · €143,893
Total assets
€196,651▼ 2.2%
2022 · €201,141
Net result
€5,067▼ 57.6%
2022 · €11,939
Working capital
€139,675▲ 9.3%
2022 · €127,779
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€8,435▼ 88.0%€42,488▲ 404%€59,545▲ 40.1%€22,501▼ 62.2%€14,924▼ 33.7%
Net result€4,854▼ 89.5%€24,303▲ 401%€16,467▼ 32.2%€11,939▼ 27.5%€5,067▼ 57.6%
Equity€91,184▼ 21.3%€115,487▲ 26.7%€131,954▲ 14.3%€143,893▲ 9.0%€148,960▲ 3.5%
Total assets€187,371▼ 37.5%€226,711▲ 21.0%€265,704▲ 17.2%€201,141▼ 24.3%€196,651▼ 2.2%
Debt€96,187▼ 47.8%€111,224▲ 15.6%€133,750▲ 20.3%€57,248▼ 57.2%€47,691▼ 16.7%
Working capital€92,057▼ 31.6%€125,941▲ 36.8%€120,423▼ 4.4%€127,779▲ 6.1%€139,675▲ 9.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 34% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €196,651
Fixed assets
€9,712 ▼ 41.7%
Current assets
€186,939 ▲ 1.3%
Equity and liabilities €196,651
Equity
€148,960 ▲ 3.5%
Debt
€47,691 ▼ 16.7%
Debt's share of the balance-sheet total falls from 28.5% to 24.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18,709▼
2022 · €32,223
Cash flow
€8,852▼
2022 · €21,661
Current ratio
3.96▲
2022 · 3.25
Debt to equity
0.32▼
2022 · 0.40
ROE
3.4%▼
2022 · 8.3%
ROA
2.6%▼
2022 · 5.9%
Interest coverage
13.23▲
2022 · 6.89
Debt ≤ 1 year
€47,264▼
2022 · €56,699
Income taxes
€12,098▲
2022 · €8,694
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,843 | €14,966 | €17,607 | €9,722 | €3,784 | ▼ 61.1% |
| Other operating charges640/8 | - | - | €3,806 | €3,943 | €3,068 | ▼ 22.2% |
| Non-recurring operating charges66A | - | - | €8,114 | - | €4,381 | - |
| Gross operating margin9900 | €41,702 | €59,527 | €89,071 | €36,166 | €26,157 | ▼ 27.7% |
| Operating profit (loss)9901 | €8,435 | €42,488 | €59,545 | €22,501 | €14,924 | ▼ 33.7% |
| Financial income75/76B | - | - | €2,448 | €2,806 | €3,654 | ▲ 30.2% |
| Recurring financial income75 | €8,162 | €2,436 | €2,448 | €2,806 | €3,654 | ▲ 30.2% |
| Financial charges65/66B | - | - | €14,133 | €4,675 | €1,414 | ▼ 69.8% |
| Recurring financial charges65 | €3,636 | €6,498 | €14,133 | €4,675 | €1,414 | ▼ 69.8% |
| Profit (loss) for the period before taxes9903 | €12,961 | €38,425 | €47,860 | €20,633 | €17,165 | ▼ 16.8% |
| Income taxes67/77 | €8,107 | €14,122 | €31,394 | €8,694 | €12,098 | ▲ 39.2% |
| Profit (loss) for the period9904 | €4,854 | €24,303 | €16,467 | €11,939 | €5,067 | ▼ 57.6% |
| Profit (loss) for the period to be appropriated9905 | €4,854 | €24,303 | €16,467 | €11,939 | €5,067 | ▼ 57.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €187,371 | €226,711 | €265,704 | €201,141 | €196,651 | ▼ 2.2% |
| Fixed assets21/28 | €40,718 | €25,751 | €23,827 | €16,662 | €9,712 | ▼ 41.7% |
| Tangible fixed assets22/27 | €40,718 | €25,751 | €23,827 | €16,662 | €9,703 | ▼ 41.8% |
| Land and buildings22 | - | - | €12,433 | €5,804 | - | - |
| Plant, machinery and equipment23 | - | - | €739 | €1,786 | - | - |
| Furniture and vehicles24 | - | - | €10,655 | €9,072 | €7,003 | ▼ 22.8% |
| Other tangible fixed assets26 | - | - | - | - | €2,700 | - |
| Financial fixed assets28 | - | - | - | - | €9 | - |
| Current assets29/58 | €146,653 | €200,960 | €241,877 | €184,478 | €186,939 | ▲ 1.3% |
| Amounts receivable after more than one year29 | - | - | €95,000 | €97,436 | €97,436 | = |
| Other amounts receivable291 | - | - | €95,000 | €97,436 | €97,436 | = |
| Amounts receivable within one year40/41 | €140,369 | €94,099 | €132,839 | €78,722 | €83,672 | ▲ 6.3% |
| Trade receivables40 | - | - | €131,117 | €52,259 | €65,368 | ▲ 25.1% |
| Other amounts receivable41 | - | - | €1,722 | €26,463 | €18,304 | ▼ 30.8% |
| Cash at bank and in hand54/58 | €5,430 | €11,860 | €11,569 | €5,533 | €462 | ▼ 91.7% |
| Deferred charges and accrued income490/1 | - | - | €2,469 | €2,787 | €5,369 | ▲ 92.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €187,371 | €226,711 | €265,704 | €201,141 | €196,651 | ▼ 2.2% |
| Equity10/15 | €91,184 | €115,487 | €131,954 | €143,893 | €148,960 | ▲ 3.5% |
| Contributions10/11 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €72,584 | €96,887 | €113,354 | €125,293 | €130,360 | ▲ 4.0% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €111,494 | €123,433 | €128,500 | ▲ 4.1% |
| Amounts payable17/49 | €96,187 | €111,224 | €133,750 | €57,248 | €47,691 | ▼ 16.7% |
| Amounts payable after more than one year17 | €41,592 | €35,433 | €11,869 | - | - | - |
| Financial debts170/4 | - | - | €11,869 | - | - | - |
| Amounts payable within one year42/48 | €54,596 | €75,019 | €121,454 | €56,699 | €47,264 | ▼ 16.6% |
| Current portion of amounts payable after more than one year42 | - | - | €23,564 | €11,869 | - | - |
| Financial debts43 | - | - | - | - | €4,411 | - |
| Credit institutions430/8 | - | - | - | - | €4,411 | - |
| Trade debts44 | €10,184 | €5,964 | €53,154 | €6,113 | €8,969 | ▲ 46.7% |
| Suppliers440/4 | - | - | €53,154 | €6,113 | €8,969 | ▲ 46.7% |
| Taxes, remuneration and social security45 | - | - | €38,261 | €38,717 | €33,884 | ▼ 12.5% |
| Taxes450/3 | - | - | €38,261 | €38,717 | €27,884 | ▼ 28.0% |
| Remuneration and social security454/9 | - | - | - | - | €6,000 | - |
| Other amounts payable47/48 | - | - | €6,475 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €427 | €549 | €427 | ▼ 22.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,854 | €24,303 | €16,467 | €11,939 | €5,067 | ▼ 57.6% |
| + Depreciation and write-downs630 | €30,843 | €14,966 | €17,607 | €9,722 | €3,784 | ▼ 61.1% |
| Operating cash flow (approximation) | €35,697 | €39,270 | €34,073 | €21,661 | €8,852 | ▼ 59.1% |
| Investment in fixed assets (approximation) | - | €0 | -€15,682 | -€2,558 | €3,167 | ▲ 224% |
| Change in cash | - | €6,430 | -€291 | -€6,036 | -€5,072 | ▲ 16.0% |
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
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 142 days late
2023
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 102 days late
14-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 198 days late
2021
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 91 days late
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 456 days late
2020
31-12
Financial
Equity above €100,000Eq €115,487 ▲26.7%
3 profitable years in a row build equity to €115,487.
2019
31-12
Financial
Weakest financial yearnet €4,854 ▼89.5%
Net result drops to €4,854, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 27 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, Geraardsbergen · 1 establishment unit since 2003
Ground area
2,370 m²
Building footprint
241 m²
Volume, LiDAR
1,508 m³
Parcel 41046A0148/00K000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
2TRANSFORM
since 20032.131.471.466
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41046A0148/00K000 | Flanders | 2,370 m² | 1 · 241 m² | 10.2 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 13,417 companies in sector 73300 we hold annual accounts for 6,898. 5,452 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 (pre-2019)
Founded04-04-2003
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
82300Organisation of conventions and trade shows
Scores and ratios are computed by Checked and are not a credit decision.