IN TWO
ActiveSummary
IN TWO has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140,765 and a net result of -€5,055. Equity has been growing by about 16% per year since 2019. Its solvency ranks better than 68% of 2,874 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-01-2009 Normal situation
- Activity
- Other amusement and recreation activities NACE 93299and 4 others
- Establishment units
- 2.177.317.923 1000 Brussel, since 03-02-2009
- 2.234.827.837 1040 Brussel, since 14-06-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Turnover
- €131,244
- Loss
- €5,055
- ▼ 44.2%
- Equity
- €140,765
- ▼ 3.5%
- Total assets
- €276,764
- ▼ 9.4%
Score breakdownraises risk1 of the last 3 accounts late2 establishment unitslowers riskFounded in 2009Sector: Sports, amusement and recreation activities (NACE 93)Show the evidence
Checked score
About 4 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 93, micro). It does better than 67% of them on solvency, 64% on liquidity, 64% on profitability and 37% on growth.
The bankruptcy probability was computed on 01-11-2026 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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-04-2026 PDF all 16 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a loss of €3,067, after a profit of €44,454 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Sports, amusement and recreation activities (NACE 93). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 30-06-2022 | 30-06-2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €22,525 | €7,261 | €23,134 | €21,124 |
| Financial fixed assets | €50,648 | - | - | - |
| Depreciation and write-downs of the year | €29,416 | €29,660 | €39,868 | €31,726 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as IN TWO: other amusement and recreation activities (NACE 93299). They are comparable in size and age: total assets between €216,000 and €423,000, founded between 2008 and 2011.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| IN TWO Brussel | 2009 | €276,764 | €140,765 | €32,067 | €131,244 | -€5,055 | 2025 |
| APR PRODUCTIONS Bilzen-Hoeselt | 2009 | €228,892 | €71,657 | €38,148 | - | €691 | 2025 |
| TRAIT D'UNION créateur de mariages Wavre | 2008 | €215,703 | €89,987 | €27,959 | - | -€15,881 | 2025 |
| POPACADEMIX Halle | 2011 | €340,067 | €319,792 | €31,911 | - | €19,093 | 2025 |
| One Step Before Vorst | 2010 | €215,989 | €114,267 | €25,968 | - | €13,730 | 2025 |
| BMCF Etterbeek | 2009 | €423,406 | €288,786 | €34,673 | - | -€23,335 | 2025 |
| YEKOBE Ukkel | 2011 | €389,981 | €71,814 | €40,406 | - | -€1,145 | 2025 |
They were chosen from the 1,257 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 6,908 companies had the same profile as IN TWO has now. Two years later, 1.1% had gone bankrupt and 90.9% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IN TWO itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,445 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 6,908 companies, not a prediction for IN TWO. 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €156,012 | - | - | - | €139,057 | - | €131,244 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €98,935 | - | €100,915 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,950 | €34,112 | €32,098 | €29,416 | €29,660 | €39,868 | €31,726 | ▼ 20.4% |
| Other operating charges640/8 | - | - | - | €3,336 | €3,410 | €7,619 | €3,408 | ▼ 55.3% |
| Gross operating margin9900 | €61,678 | €90,199 | €95,029 | €102,170 | €41,480 | €91,941 | €32,067 | ▼ 65.1% |
| Operating profit (loss)9901 | €20,659 | €53,162 | €59,616 | €69,418 | €8,410 | €44,454 | -€3,067 | - |
| Financial income75/76B | - | - | - | €354 | €41 | €202 | - | - |
| Recurring financial income75 | €428 | €16 | €61 | €354 | €41 | €52 | - | - |
| Non-recurring financial income76B | - | - | - | - | - | €150 | - | - |
| Financial charges65/66B | - | - | - | €3,342 | €2,812 | €54,145 | €1,988 | ▼ 96.3% |
| Recurring financial charges65 | €9,683 | €8,244 | €4,010 | €3,342 | €2,812 | €3,497 | €1,988 | ▼ 43.2% |
| Non-recurring financial charges66B | - | - | - | - | - | €50,648 | - | - |
| Profit (loss) for the period before taxes9903 | €11,404 | €44,934 | €55,668 | €66,430 | €5,639 | -€9,490 | -€5,055 | ▲ 46.7% |
| Income taxes67/77 | €3,721 | €13,564 | €13,027 | €17,134 | €584 | -€430 | - | - |
| Profit (loss) for the period9904 | €7,939 | €31,370 | €42,641 | €49,296 | €5,055 | -€9,059 | -€5,055 | ▲ 44.2% |
| Profit (loss) for the period to be appropriated9905 | €7,939 | €31,370 | €42,641 | €49,296 | €5,055 | -€9,059 | -€5,055 | ▲ 44.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €360,267 | €391,715 | €341,319 | €368,431 | €341,989 | €305,367 | €276,764 | ▼ 9.4% |
| Fixed assets21/28 | €318,976 | €287,772 | €255,598 | €299,356 | €276,953 | €209,570 | €198,968 | ▼ 5.1% |
| Tangible fixed assets22/27 | €318,976 | €287,772 | €255,598 | €248,707 | €226,304 | €209,570 | €198,968 | ▼ 5.1% |
| Land and buildings22 | - | - | - | €229,715 | €206,820 | €183,942 | €162,491 | ▼ 11.7% |
| Furniture and vehicles24 | - | - | - | €13,899 | €10,691 | €12,774 | €5,565 | ▼ 56.4% |
| Other tangible fixed assets26 | - | - | - | €5,094 | €8,793 | €12,854 | €30,912 | ▲ 140% |
| Financial fixed assets28 | - | - | - | €50,648 | €50,648 | - | - | - |
| Current assets29/58 | €41,290 | €103,942 | €85,722 | €69,075 | €65,037 | €95,797 | €77,796 | ▼ 18.8% |
| Amounts receivable after more than one year29 | - | - | - | €23,396 | €23,396 | - | - | - |
| Other amounts receivable291 | - | - | - | €23,396 | €23,396 | - | - | - |
| Amounts receivable within one year40/41 | €2,501 | €13,546 | €16,713 | €21,926 | €30,678 | €46,291 | €52,549 | ▲ 13.5% |
| Trade receivables40 | - | - | - | €21,926 | €27,178 | €43,791 | €52,549 | ▲ 20.0% |
| Other amounts receivable41 | - | - | - | - | €3,500 | €2,500 | - | - |
| Cash at bank and in hand54/58 | €38,789 | €90,397 | €21,009 | €23,754 | €10,963 | €49,506 | €25,247 | ▼ 49.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €360,267 | €391,715 | €341,319 | €368,431 | €341,989 | €305,367 | €276,764 | ▼ 9.4% |
| Equity10/15 | €26,517 | €57,887 | €100,528 | €149,824 | €154,879 | €145,820 | €140,765 | ▼ 3.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | - | - | €12,400 | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | €6,200 | €6,200 | €6,200 | = |
| Other1109/19 | - | - | - | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €18,457 | €49,827 | €92,468 | €141,764 | €146,819 | €137,760 | €132,705 | ▼ 3.7% |
| Amounts payable17/49 | €333,750 | €333,827 | €240,791 | €218,607 | €187,110 | €159,547 | €135,999 | ▼ 14.8% |
| Amounts payable after more than one year17 | €252,332 | €217,134 | €190,825 | €169,994 | €148,416 | €115,846 | €93,763 | ▼ 19.1% |
| Financial debts170/4 | - | - | - | €169,994 | €148,416 | €115,846 | €93,763 | ▼ 19.1% |
| Amounts payable within one year42/48 | €81,418 | €116,693 | €49,965 | €48,613 | €38,694 | €43,702 | €42,236 | ▼ 3.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €26,591 | €21,350 | €21,787 | €22,083 | ▲ 1.4% |
| Trade debts44 | - | €1,900 | €101 | €2,345 | €3,131 | €0 | - | - |
| Suppliers440/4 | - | - | - | €2,345 | €3,131 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €19,677 | €1,694 | €420 | €893 | ▲ 113% |
| Taxes450/3 | - | - | - | €19,677 | €1,694 | €420 | €893 | ▲ 113% |
| Other amounts payable47/48 | - | - | - | - | €12,519 | €21,496 | €19,261 | ▼ 10.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,939 | €31,370 | €42,641 | €49,296 | €5,055 | -€9,059 | -€5,055 | ▲ 44.2% |
| + Depreciation and write-downs630 | €41,950 | €34,112 | €32,098 | €29,416 | €29,660 | €39,868 | €31,726 | ▼ 20.4% |
| Operating cash flow (approximation) | €49,889 | €65,482 | €74,739 | €78,712 | €34,715 | €30,809 | €26,671 | ▼ 13.4% |
| Investment in fixed assets (approximation) | - | -€2,908 | €77 | -€73,174 | -€7,258 | €27,514 | -€21,124 | - |
| Change in cash | - | €51,608 | -€69,388 | €2,745 | -€12,790 | €38,542 | -€24,259 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-04-2026 | 2026-00107591 | |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00517284 | |
| 30-06-2023 | micro format | 15-12-2023 | 2023-00528608 | |
| 30-06-2022 | micro format | 26-12-2022 | 2022-20546385 | |
| 30-06-2021 | micro format | 04-01-2022 | 2022-00200086 | |
| 30-06-2020 | micro format | 23-12-2020 | 2020-76900086 | |
| 30-06-2019 | micro format | 15-11-2019 | 2019-73700408 | |
| 30-06-2018 | micro format | 12-01-2019 | 2019-01100576 | |
| 30-06-2017 | micro format | 22-02-2018 | 2018-05200586 | |
| 30-06-2016 | full format | 04-02-2017 | 2017-04200532 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 29-12-2023 Capital stated in the deed · 100 shares
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Lucie BEYER |
|
| Chen ROCK |
|
Network & group
IN TWO shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of IN TWO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
29-12
Gazette deed
Appointments: Chen ROCK (director) and Lucie BEYER (director)Resignations: Chen ROCK (director) and Lucie BEYER (director) · Amendment of the articles · Capital conversion14 points ▸
- General meeting, 21-12-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “de plein droit, compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “supprimer, compte de capitaux propres statutairement indisponible créé en application article 39,§2,alinéa 2” (deed in French)
- Other provision, “rapport gérant modification objet, Président” (deed in French)
- Purpose change
- Capital
- Director appointment, Chen ROCK (director (not named in the articles))
- Director appointment, Lucie BEYER (director (not named in the articles))
- Director resignation, Chen ROCK
- Director resignation, Lucie BEYER
- Declaration, “interdiction de gérer, pas fait l'objet d'une procédure de faillite avec interdiction de gérer prononcée” (deed in French), mentioned 2 times in the deed
- The act holds 2 more points.
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
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21806F0478/00T005 | Brussels | 2,092 m² | 1 · 833 m² | 27.4 m · 8 |
| 21803C0173/00W000 | Brussels | 69 m² | 1 · 87 m² | 18.4 m · 5 |