Equity
€5.9m ▲ 252%
Equity rose in 2025 from €1.7m to €5.9m.
A2
Overview
Lifetime
17 annual accounts with figures on one time axispeak €641,050 (2018)
€273,581▲ 36.7%
lowest -€1.7m (2018)
€4.2m▲ €4.4m
peak €5.9m (2025)
€5.9m▲ 252%
€3.3m▲ 95.6%
peak 1.4 FTE (2018)
-not published
Board2 names since 2021
1 directorAlain BEYENS
Documentsfilings and deeds
22-07-20269 days before the deadline
2025micro format
Gross margin from €200,195 to €273,581Back to profit: €4.2mAppointments: Alain BEYENS (statutory director) and Boudewijn… 21-05Equity from €1.7m to €5.9mDebts from €1.7m to €3.3mCash from €149,926 to €4.3m
Key points
from the 2025 annual accountsDebts
€3.3m ▲ 95.6%
Debts rose by €1.6m in 2025.
Investments
€58,200 8.3 × depreciation
Green is investment, beige is depreciation.
Liquidity
1.33 was 0.20 in 2024
Short-term debts rose from €1.7m to €3.3m.
Filings
17 annual accounts since 2009
Three of the last ten came late. The 2023 accounts came latest: 62 days after the end of the period.
Position in the sector
€4.2m
Higher net result than 95% of companies in head offices and management consultancy. Sector median €27,132 · 39,384 companies.
Checked score
97
Excellent
Financially stronger than 72% of medium-sized companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 803 companies (NACE 70, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2026: < 0.1%highest value
09-2026: < 0.1%● unchanged vs 08-2026highest value
10-2026: < 0.1%● unchanged vs 09-2026highest value
11-2026: < 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
1 of the last 3 accounts late
lowers risk
Size: total assets €11.4m
Figures for financial year 2025 (filed on 22-07-2026)
Liquidity: current ratio 1.33, cash €4.3m
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 70, medium-sized). It does better than 41% of them on solvency, 96% on liquidity, 56% on profitability and 97% 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 31-12-2025.
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, 546 companies had the same profile as A2 has now. Each dot stands for 2 companies, two years later.
95.2%
were still trading
4.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of A2 itself: < 0.1% within 12 months.
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 546 companies, not a prediction for A2. 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 €550,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.33 (0.2 in 2024), below the usual 1.5. Short-term debt is 28.7% and cash 37.5% of total assets. 47.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €5.9m
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 days early
2024
30 days early
2023
62 days late
2022
38 days early
2021
61 days early
2020
61 days early
2019
35 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 15 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 July (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
Shares in 2 companies, Turisme Rural Can Pico SL and Hotel Can Pico SL
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0807274877
Appointments: Alain BEYENS (statutory director) and Boudewijn VERHELST (statutory director)
General meeting of 14-05-2025 · Gazette deed
Capital increase of €2,840,000 to €2,858,600
Capital from €18,600 to €2,858,600 · Reappointment: Alain BEYENS (director) · General meeting of 19-12-2022 · Gazette deed
Incorporation
published on 29-10-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| A2 Antwerp | €11.4m | €273,581 | 52.1% | - |
| SOJA Antwerp | €10.6m | €241,507 | 17.8% | - |
| LASEM Wingene | €11.4m | €270,496 | 52.3% | 0 |
| GIS MANAGEMENT Ans | €11.5m | €293,966 | 39.4% | - |
| LOWITO Middelkerke | €12.7m | €273,557 | 82.6% | - |
| FINANCIERE DURAY Brussels | €10.8m | €305,266 | 99.8% | - |
| WIT-TECH Sint-Gillis-Waas | €10.5m | €295,401 | 99.7% | - |
These companies have the same main activity as A2: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €11m and €13m, founded between 2006 and 2010.
Official details
Source: KBO- Status
- Active since 20-10-2008Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.174.280.0412000 Antwerp, since 20-10-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 19-11-2025
Annual accounts 2025
- €273,581▲ 36.7%
- ≈ €390,000estimated
- €4.2m
- €5.9m▲ 252%
- €11.4m▲ 51.0%
- Filing
- Filed on 22-07-2026, 9 days before the end of the filing period
Insights on A2
A2 files the micro format. That format states no turnover. The gross margin rose from €8,467 in 2009 to €273,581 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 22-07-2026, 9 days before the deadline€273,581
▲ 36.7%
€261,341
▲ 39.9%
€4.2m
▲ €4.4m
€1.1m
▲ €2.4m
52.1%
▲ 29.8 percentage points
1.33
▲ 1.12
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €390,000. Estimated: probably between €330,000 and €690,000.
Balance sheet
balance sheet total €11.4m on 31-12-2025What the company ownsHow it is paid for
in €m
in €m
Position in the sector
52.1%
Higher than 47% of 39,368 companies in 2025.
1.33
Higher than 35% of 38,051 companies in 2025.
37.3%
Higher than 78% of 38,523 companies in 2025.
A2
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff
Staff costs divided by the average number of full-time equivalents.
Blue and white collar
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
11.4m | 7.5m | 7.4m | 7.4m | 4.7m | 4.2m | 4.0m | 4.2m | 4.1m | 2.1m | 2.1m | 1.6m | 1.7m | 1.7m | 2.0m | 367,451 | 13,004 | |
21/28 |
7.0m | 7.2m | 6.9m | 6.9m | 3.8m | 3.3m | 3.7m | 3.1m | 3.7m | 2.0m | 2.0m | 1.6m | 1.7m | 1.7m | 1.5m | 99,182 | 1,965 | |
22/27 |
3.0m | 3.0m | 3.0m | 3.0m | 140,352 | 149,910 | 810,864 | 836,700 | 2.1m | 2.0m | 2.0m | 1.6m | 1.7m | 1.7m | 1.4m | 99,182 | 1,965 | |
22 |
3.0m | 3.0m | 3.0m | 3.0m | 129,594 | 135,575 | 794,059 | 815,204 | 2.1m | 2.0m | 2.0m | 1.6m | 1.6m | 1.6m | 1.3m | - | - | |
23 |
- | - | - | 229 | 1,602 | 2,976 | 248 | 495 | - | - | - | - | - | - | 653 | 1,936 | 1,469 | |
24 |
1,558 | 2,548 | 4,750 | 6,953 | 9,156 | 11,359 | 16,558 | 21,000 | 2,000 | 7,750 | 7,750 | 9,700 | 34,371 | 59,141 | 83,944 | 97,245 | 496 | |
26 |
- | - | - | - | - | - | - | - | - | - | - | 1,539 | 2,601 | 3,662 | 2,334 | - | - | |
28 |
4.0m | 4.2m | 4.0m | 3.9m | 3.7m | 3.2m | 2.9m | 2.2m | 1.6m | 60,000 | - | - | - | 160 | 50,160 | - | - | |
29/58 |
4.3m | 339,376 | 434,357 | 528,651 | 853,372 | 892,995 | 281,557 | 1.1m | 411,569 | 38,142 | 70,291 | 6,872 | 9,749 | 35,540 | 566,667 | 268,269 | 11,040 | |
29 |
- | - | - | - | 35,430 | 53,144 | 70,859 | 413,260 | - | - | - | - | - | - | - | - | - | |
291 |
- | - | - | - | 35,430 | 53,144 | 70,859 | 413,260 | - | - | - | - | - | - | - | - | - | |
40/41 |
10,000 | 129,450 | 10,000 | 151,740 | 78,720 | 140,449 | 78,177 | 168,402 | 206,615 | 33,983 | 3,674 | 5,430 | 5,175 | 34,614 | 51,126 | 57,770 | 10,061 | |
40 |
10,000 | 129,450 | 10,000 | 134,025 | 78,650 | 113,650 | 2,173 | 90,312 | 187,925 | 32,000 | - | - | - | - | 44,616 | 56,540 | 9,995 | |
41 |
- | - | - | 17,715 | 70 | 26,799 | 76,004 | 78,090 | 18,689 | 1,983 | 3,674 | 5,430 | 5,175 | 34,614 | 6,510 | 1,230 | 66 | |
50/53 |
60,000 | 60,000 | 136,334 | 136,334 | 60,000 | 554,087 | 60,000 | 60,000 | 60,000 | - | - | - | - | - | 21,750 | - | - | |
54/58 |
4.3m | 149,926 | 288,023 | 240,577 | 679,223 | 145,314 | 37,341 | 472,527 | 144,954 | 4,159 | 66,617 | 1,442 | 4,574 | 926 | 493,790 | 210,500 | 978 | |
490/1 |
- | - | - | - | - | - | 35,179 | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
11.4m | 7.5m | 7.4m | 7.4m | 4.7m | 4.2m | 4.0m | 4.2m | 4.1m | 2.1m | 2.1m | 1.6m | 1.7m | 1.7m | 2.0m | 367,451 | 13,004 | |
10/15 |
5.9m | 1.7m | 1.8m | 1.8m | -1.0m | -1.2m | -1.5m | -1.6m | 131,607 | -53,760 | -89,313 | -100,217 | -70,122 | -68,997 | 14,995 | 13,143 | 10,679 | |
10/11 |
2.9m | 2.9m | 2.9m | 2.9m | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 12,400 | 12,400 | |
13 |
- | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | - | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | - | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
14 |
3.1m | -1.2m | -1.1m | -1.1m | -1.0m | -1.2m | -1.5m | -1.6m | 117,347 | -68,020 | -103,573 | -114,477 | -84,382 | -83,257 | 735 | 5,083 | 2,619 | |
16 |
2.2m | 4.2m | 4.2m | 4.2m | 4.3m | 4.3m | 4.3m | 4.3m | 2.1m | 2.1m | - | - | - | - | - | - | - | |
160/5 |
2.2m | 4.2m | 4.2m | 4.2m | 4.3m | 4.3m | 4.3m | 4.3m | 2.1m | 2.1m | - | - | - | - | - | - | - | |
164/5 |
2.2m | 4.2m | 4.2m | 4.2m | 4.3m | 4.3m | 4.3m | 4.3m | 2.1m | 2.1m | - | - | - | - | - | - | - | |
17/49 |
3.3m | 1.7m | 1.4m | 1.4m | 1.4m | 1.1m | 1.2m | 1.5m | 1.9m | 26,294 | 2.1m | 1.7m | 1.8m | 1.8m | 2.0m | 354,308 | 2,325 | |
17 |
1,120 | 1,120 | 1,120 | 1,120 | 1,120 | 1,120 | 1,120 | 1,120 | - | - | - | - | - | - | - | - | - | |
178/9 |
1,120 | 1,120 | 1,120 | 1,120 | 1,120 | 1,120 | 1,120 | 1,120 | - | - | - | - | - | - | - | - | - | |
42/48 |
3.3m | 1.7m | 1.4m | 1.4m | 1.4m | 1.1m | 1.2m | 1.4m | 1.9m | 26,294 | 2.1m | 1.7m | 1.8m | 1.8m | 2.0m | 353,533 | 2,325 | |
43 |
2.5m | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 1.1m | 500,000 | 1.2m | - | - | - | - | 1.8m | 1.4m | - | - | |
430/8 |
- | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 1.1m | 500,000 | 1.2m | - | - | - | - | 1.8m | 1.4m | - | - | |
439 |
2.5m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
6,268 | 4,361 | 991 | 2,316 | 7,885 | 7,675 | 12,625 | 24,687 | 6,076 | 16,606 | 1,384 | - | 5,200 | - | 1,495 | 2,921 | - | |
440/4 |
6,268 | 4,361 | 991 | 2,316 | 7,885 | 7,675 | 12,625 | 24,687 | 6,076 | 16,606 | 1,384 | - | 5,200 | - | 1,495 | 2,921 | - | |
45 |
469,168 | 14,268 | 25,741 | 18,632 | 8,116 | 21,184 | 34,967 | 87,847 | 85,376 | 2,143 | 40,073 | 915 | 1,100 | 567 | 281,153 | 132,064 | 2,325 | |
450/3 |
469,168 | 14,268 | 25,741 | 18,632 | 8,116 | 21,184 | 29,279 | 83,258 | 85,376 | 2,143 | 40,073 | 915 | 1,100 | 567 | 281,153 | 132,064 | 2,325 | |
454/9 |
- | - | - | - | - | - | 5,688 | 4,590 | - | - | - | - | - | - | - | - | - | |
47/48 |
294,754 | 1.1m | 836,315 | 859,687 | 887,288 | 572,717 | 7,270 | 835,651 | 629,030 | 7,545 | 2.1m | 1.7m | 1.7m | 53,478 | 371,317 | 218,547 | - | |
492/3 |
- | - | - | - | - | - | - | 4,851 | - | - | - | - | - | 775 | - | 775 | - | |
| Income statement | ||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | 31,665 | - | - | - | - | - | - | |
9900 |
273,581 | 200,195 | 248,867 | 286,838 | 248,410 | 542,227 | 437,207 | 641,050 | 510,089 | 212,525 | 137,103 | 10,447 | 40,052 | 36,725 | 617,981 | 394,110 | 8,467 | |
62 |
- | - | - | - | - | -4,843 | 38,596 | 36,380 | 19,291 | - | - | - | - | 23,743 | 11,468 | - | - | |
630 |
6,971 | 8,184 | 8,413 | 9,557 | 9,557 | 8,586 | 29,803 | 178,662 | 44,985 | 22,054 | 24,004 | 36,287 | 36,386 | 37,073 | 160,972 | 24,345 | 1,214 | |
631/4 |
- | - | - | - | - | - | -3,573 | - | - | - | - | - | - | - | - | - | - | |
640/8 |
5,269 | 5,206 | 21,370 | 4,927 | 14,711 | 6,824 | 30,364 | 21,727 | 7,894 | 6,354 | 130,960 | 3,257 | 3,328 | 2,964 | 5,629 | 7,671 | 437 | |
66A |
- | - | - | - | - | - | - | 1.6m | - | - | 1,539 | - | - | - | - | - | - | |
9901 |
261,341 | 186,804 | 219,084 | 272,353 | 224,142 | 531,660 | 342,017 | 404,280 | 437,919 | 184,117 | -17,861 | -29,098 | 338 | -27,054 | 439,911 | 362,094 | 6,816 | |
75/76B |
6.3m | 22,941 | 113,625 | 14,454 | 309,135 | 166,889 | 128,857 | 5 | - | 27 | 1 | 13 | 116 | 3,084 | 2,050 | 21 | 40 | |
75 |
6.3m | 22,941 | 113,625 | 14,454 | 309,135 | 166,889 | 128,857 | 5 | - | 27 | 1 | 13 | 116 | 3,084 | 2,050 | 21 | 40 | |
65/66B |
858,553 | 331,020 | 320,731 | 309,376 | 307,820 | 308,661 | 312,837 | 2.1m | 149,319 | 146,449 | 91 | 92 | 589 | 58,961 | 18,715 | 148 | 46 | |
65 |
858,553 | 331,020 | 320,731 | 309,376 | 307,820 | 308,661 | 312,837 | 498,388 | 149,319 | 146,449 | 91 | 92 | 589 | 58,961 | 18,715 | 148 | 46 | |
66B |
- | - | - | - | - | - | - | 1.6m | - | - | - | - | - | - | - | - | - | |
9903 |
5.7m | -121,275 | 11,978 | -22,569 | 225,456 | 389,887 | 158,037 | -1.7m | 288,600 | 37,696 | 12,174 | -29,177 | -135 | -82,931 | 423,246 | 361,967 | 6,810 | |
67/77 |
1.5m | 2,876 | 15,665 | 9,453 | 60,485 | 103,201 | 37,321 | 2,756 | 103,233 | 2,143 | 1,270 | 918 | 990 | 1,061 | 151,595 | 129,503 | 2,331 | |
9904 |
4.2m | -124,151 | -3,687 | -32,022 | 164,972 | 286,687 | 120,716 | -1.7m | 185,367 | 35,553 | 10,904 | -30,095 | -1,125 | -83,992 | 271,651 | 232,464 | 4,479 | |
9905 |
4.2m | -124,151 | -3,687 | -32,022 | 164,972 | 286,687 | 120,716 | -1.7m | 185,367 | 35,553 | 10,904 | -30,095 | -1,125 | -83,992 | 271,651 | 232,464 | 4,479 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
3.1m | -1.2m | -1.1m | -1.1m | -1.0m | -1.2m | -1.5m | -1.6m | 117,347 | -68,020 | -103,573 | -114,477 | -84,382 | -83,257 | 276,735 | 235,083 | 4,479 | |
14P |
-1.2m | -1.1m | -1.1m | -1.0m | -1.2m | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 276,000 | 230,000 | - | |
694 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 276,000 | 230,000 | - | |
| Social balance sheet | ||||||||||||||||||
9087 |
- | - | - | - | - | - | 1.4 | 1.4 | 0.9 | - | - | - | - | 1 | 0.4 | - | - | |
Hours worked1013 |
- | - | - | - | - | - | 2,087 | 2,304 | 1,547 | - | - | - | - | 1,731 | 794 | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 22-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-07-2026 | 2026-00316089 | |
| 31-12-2024 | micro format | 01-07-2025 | 2025-00206538 | |
| 31-12-2023 | micro format | 01-10-2024 | 2024-00484030 | |
| 31-12-2022 | micro format | 23-06-2023 | 2023-00151323 | |
| 31-12-2021 | abbreviated format | 31-05-2022 | 2022-20038114 | |
| 31-12-2020 | abbreviated format | 31-05-2021 | 2021-15800043 | |
| 31-12-2019 | abbreviated format | 04-09-2020 | 2020-50500543 | |
| 31-12-2018 | abbreviated format | 23-08-2019 | 2019-49000340 | |
| 31-12-2017 | abbreviated format | 05-07-2018 | 2018-28400071 | |
| 31-12-2016 | abbreviated format | 11-07-2017 | 2017-29200274 | |
| 31-12-2015 | abbreviated format | 22-06-2016 | 2016-20400039 | |
| 31-12-2014 | abbreviated format | 09-07-2015 | 2015-29100398 | |
| 31-12-2013 | abbreviated format | 30-06-2014 | 2014-22800284 | |
| 31-12-2012 | abbreviated format | 28-06-2013 | 2013-22600156 | |
| 31-12-2011 | abbreviated format | 06-07-2012 | 2012-26100098 | |
| 31-12-2010 | abbreviated format | 26-07-2011 | 2011-32200538 | |
| 31-12-2009 | abbreviated format | 15-07-2010 | 2010-30100422 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 268,312 | 194,988 | 227,497 | 281,910 | 233,699 | 540,246 | 371,820 | 582,942 | 482,904 | 206,171 | 6,143 | 7,189 | 36,724 | 10,018 | 600,884 | 386,439 | 8,031 | ||
| 4.2m | -115,967 | 4,727 | -22,465 | 174,529 | 295,273 | 150,519 | -1.5m | 230,352 | 57,607 | 34,908 | 6,192 | 35,261 | -46,919 | 432,624 | 256,809 | 5,694 | ||
| 417,627 | 251,108 | 45,849 | 3.1m | 494,816 | 250,628 | 700,712 | 3.1m | 1.8m | 60,000 | 344,968 | 0 | -160 | 319,036 | 1.5m | 121,562 | 3,179 | ||
| 4.1m | -138,097 | 47,447 | -438,646 | 533,908 | 107,973 | -435,186 | 327,573 | 140,795 | -62,458 | 65,175 | -3,132 | 3,648 | -492,864 | 283,291 | 209,521 | - | ||
| 1.1m | -1.3m | -928,690 | -851,984 | -549,916 | -208,581 | -903,305 | -333,997 | -1.5m | 11,848 | -2.1m | -1.7m | -1.7m | -1.8m | -1.5m | -85,263 | 8,715 | ||
| 52.1% | 22.3% | 24.5% | 24.3% | -21.6% | -27.9% | -36.3% | -37.8% | 3.2% | -2.6% | -4.3% | -6.1% | -4.2% | -3.9% | 0.7% | 3.6% | 82.1% | ||
| 1.33 | 0.20 | 0.32 | 0.38 | 0.61 | 0.81 | 0.24 | 0.77 | 0.22 | 1.45 | 0.03 | 0.00 | 0.01 | 0.02 | 0.28 | 0.76 | 4.75 | ||
| 0.55 | 0.99 | 0.76 | 0.76 | - | - | - | - | 14.46 | - | - | - | - | - | - | 26.96 | 0.22 | ||
| 71.6% | -7.4% | -0.2% | -1.8% | - | - | - | - | 140.8% | - | - | - | - | - | - | - | 41.9% | ||
| 37.3% | -1.7% | -0.1% | -0.4% | 3.5% | 6.8% | 3.0% | -40.9% | 4.5% | 1.7% | 0.5% | -1.8% | -0.1% | -4.8% | 13.3% | 63.3% | 34.4% | ||
| 0.31 | 0.59 | 0.71 | 0.91 | 0.76 | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €58,200 | - | - | €2.8m | - |
| Financial fixed assets | €359,427 | €251,108 | €45,849 | €261,247 | €494,816 |
| €6,971 | €8,184 | €8,413 | €9,557 | €9,557 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on A2
The operating result for 2025 is 40% higher than in 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 22.2% to 28.7%. Equity and debt are higher.
Large changes and their cause
- 2022 Total assets +59% on 2021. Capital increase of €2,840,000 (Official Gazette 23-12-2022).
Board & ownership
Board
1 director, last change in 2025Statutory director
appointed by deed of 21-05-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 22-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 21-05-2025
Mandates through the years
2 names, the dashed line is todayAlain BEYENS
Director
Director
Boudewijn VERHELST
Statutory director
Statutory director
BoardEarliermandate already running before its first mentionend not dated
Mandates as a list
- Alain BEYENS
- Director, since before 31-12-2021
- Boudewijn VERHELST
- Statutory director, appointed by deed of 21-05-2025, no longer listed in the 2025 annual accounts
Control
Capital
- Capital
- €2,858,600
- Source
- deed of 23-12-2022
Articles of association
deed of 21-05-2025 (in Dutch)- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Voor de helft ten laste van overdrager en voor andere helft ten laste van koper(s),naar evenredigheid met door iedere koper verworven aantal…”
Network & group
Holdings
own 2025 accountsThis companyA22 holdings, 1 country
2025 accounts
Europe 2 Equity Result
- ES Hotel Can Pico SL50% €9.5m result €8,531
- ES Turisme Rural Can Pico SL €1.7m result -€1,766
Source: list of holdings in its own 2025 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2025, in their own currency.
At the same address
Zirkstraat 31, 2000 Antwerp · 3 other companies| LILYANA
registered office since 06-06-2025 |
founded in 2025 1024.618.819 |
| Amber
registered office since 21-07-2013 |
founded in 2013 0716.954.219 |
| Vereniging van Mede-eigenaars gebouw te Antwerpen, Zirkstraat 31
registered office since 16-10-1995 |
founded in 1995 0869.706.156 |
Earlier ties
| ANTWERP MANAGEMENT SCHOOL via Alain BEYENS, no longer at ANTWERP MANAGEMENT SCHOOL · Director and chair of the board · deed of 02-07-2021 founded in 2008 |
73 FTE (2025) |
Holdings and subsidiaries
2 holdingsHoldings 2
Share, source and own figures per holding (2)
Source for every holding own accounts 2025
- Turisme Rural Can Pico SLESsubsidiaryEquity €1.7mResult -€1,766100%
- Hotel Can Pico SLESEquity €9.5mResult €8,53150%
Holdings through the years 2011 to 2025
| Name | 2011 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Turisme Rural Can Pico SLES | 100% | |||||
| Hotel Can Pico SLES | 50% | |||||
| VALUE REPUBLIC | 8% | |||||
Source: list of holdings in its own accounts
Board mandates elsewhere
2 board mandatesBoard mandates of A2A2 sits on their board2
Connections & network
2 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
FEDERATION DE L'INDUSTRIE ALIMENTAIRE - FEDERATIE VOEDINGSINDUSTRIE
via Alain BEYENS · Director · deed of 07-06-2005
Founded in 1937 · 37 FTE (2025)
→
FONDS VERHELST
via Alain BEYENS · Manager · deed of 24-05-2004
Founded in 2001 · total assets €129,042 (2025)
→
Timeline
Timeline
31 events since 2008Board
Capital
Filings
Financial
Establishments
2008201020122014201620182020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 9 days before the deadline
2025
Back to profit net €4.2m The net result is €4.2m, after 3 loss-making years.
Liquidity more than 6 times current ratio 1.33 The current ratio rises from 0.20 to 1.33.
Equity above €5m equity €5.9m ▲252% Equity rises from €1.7m to €5.9m.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0807274877
Annual accounts 2024 filed PDFmicro format · 30 days before the deadline
Appointments: Alain BEYENS (statutory director) and Boudewijn VERHELST (statutory director)General meeting of 14-05-20253 points ▸
- General meeting, 14-05-2025
- Director appointment, Alain BEYENS (statutory director)
- Director appointment, Boudewijn VERHELST (statutory director)
2024
Annual accounts 2023 filed PDFmicro format · 62 days late
2023
Annual accounts 2022 filed PDFmicro format · 38 days before the deadline
2022
Equity above €1m equity €1.8m Equity rises from -€1.0m to €1.8m.
Capital increase of €2,840,000 to €2,858,600Capital from €18,600 to €2,858,600 · Reappointment: Alain BEYENS (director) · General meeting of 19-12-20225 points ▸
- General meeting, 19-12-2022
- Capital increase, €2,840,000
- Auditor report, 07-12-2022
- Director reappointment, Alain BEYENS
- Registered office clause, Zirkstraat 31, 2000 Antwerpen
- The deed holds 5 more points.
Annual accounts 2021 filed PDFabbreviated format · 61 days before the deadline
2021
Annual accounts 2020 filed PDFabbreviated format · 61 days before the deadline
2020
Annual accounts 2019 filed PDFabbreviated format · 35 days late
2019
Back to profit net €120,716 The net result is €120,716, after one loss-making year.
Annual accounts 2018 filed PDFabbreviated format · 23 days late
2018
Weakest financial year net -€1.7m The net result drops to -€1.7m, the lowest from 2009 to 2025. It recovers the following year.
Annual accounts 2017 filed PDFabbreviated format · 26 days before the deadline
2017
Equity above €100,000 equity €131,607 After 3 profitable years in a row, equity reaches €131,607.
Annual accounts 2016 filed PDFabbreviated format · 20 days before the deadline
2016
Liquidity more than 44 times current ratio 1.45 The current ratio rises from 0.03 to 1.45. Short-term debt falls from €2.1m to €26,294.
Annual accounts 2015 filed PDFabbreviated format · 39 days before the deadline
2015
Back to profit net €10,904 The net result is €10,904, after 3 loss-making years.
Annual accounts 2014 filed PDFabbreviated format · 22 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 31 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 33 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 25 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 5 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 16 days before the deadline
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0807.274.877
- VAT number
- BE 0807.274.877
- Peppol ID
- 0208:0807274877
- Other Peppol ID
- 9925:BE0807274877
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 20-10-2008
- Financial year
- ends on 31 December
- Peppol
- Reachable since 19-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- A2 in Dutch
- Entity type
- Legal entity
- Name clauseThe company operates under this name according to its articles.
- A2deed of 23-12-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 23-12-2022 (in Dutch)
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
64200
Holdings
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Zirkstraat 31 registered office 2000 Antwerp 64210 Activities of holding companies | 20-10-2008 | 2.174.280.041 |
Buildings and parcels at the address
- Ground area
- 350 m²
- Buildings
- 185 m²
- Volume, LiDAR
- 2,187 m³
- Tallest building
- 18.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11002A2278/00N000 | 350 m² | 1 · 185 m² | 18.6 m · 4 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.