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INTERFAR

Active Public limited companyfounded 2023active for 2 yearsRue Francisco Ferrer 127, 6240 FarciennesKBO/BCE: BE 1002.260.913 subsidiary of ITM ALIMENTAIRE BELGIUM

Overview

Lifetime

2 annual accounts with figures on one time axis
peak €623,677 (2024)
-€233,650▼ €857,327
lowest -€1.5m (2025)
-€1.5m▼ €1.1m
peak -€293,767 (2024)
-€1.8m▼ €1.5m
€2.1m▲ 94.5%
peak 18.3 FTE (2024)
9.6 FTE▼ 47.5%
Board1 name since 2023
Owners
Documentsfilings and deeds
28-08-202628 days late
2025financial year
Gross margin from €623,677 to -€233,650Loss of €1.5mStaff from 18.3 FTE to 9.6 FTEEquity from -€293,767 to -€1.8mDebts from €1.1m to €2.1mCash from €165,825 to €88,734

Key points

from the 2025 annual accounts

Equity

-€1.8m
20242025

Debts exceed assets in financial year 2025.

Result

-€1.5m ▼ 278%
-€394,0002024-€1.5m2025

The result fell in 2025 from -€393,767 to -€1.5m.

Debts

€2.1m 663% of the balance sheet
Suppliers 11%Taxes and wages 2%Other 87%

Of this, €1.9m falls due within a year.

Liquidity

0.08 was 0.55 in 2024

Short-term debts rose from €1.1m to €1.9m.

Position in the sector

-563.4%

Lower solvency than 95% of companies in retail trade. Sector median 36.2% · 5,069 companies.

2025 accounts filed 28 days after the deadline

Checked score

46
Fair
Financially stronger than 11% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.5%lowest value 01-2025: 1.6%▲ +0.1 percentage points vs 12-2024 02-2025: 1.6%● unchanged vs 01-2025 03-2025: 2.0%▲ +0.4 percentage points vs 02-2025 04-2025: 2.0%● unchanged vs 03-2025 05-2025: 2.2%▲ +0.2 percentage points vs 04-2025 06-2025: 2.5%▲ +0.3 percentage points vs 05-2025 07-2025: 2.5%● unchanged vs 06-2025 08-2025: 2.4%▼ -0.1 percentage points vs 07-2025 09-2025: 2.4%● unchanged vs 08-2025 10-2025: 2.6%▲ +0.2 percentage points vs 09-2025 11-2025: 3.4%▲ +0.8 percentage points vs 10-2025 12-2025: 3.4%● unchanged vs 11-2025 01-2026: 3.4%● unchanged vs 12-2025 02-2026: 3.4%● unchanged vs 01-2026 03-2026: 3.2%▼ -0.2 percentage points vs 02-2026 04-2026: 3.2%● unchanged vs 03-2026 05-2026: 3.2%● unchanged vs 04-2026 06-2026: 3.1%▼ -0.1 percentage points vs 05-2026 07-2026: 3.2%▲ +0.1 percentage points vs 06-2026 08-2026: 4.3%▲ +1.1 percentage points vs 07-2026highest value 09-2026: 3.9%▼ -0.4 percentage points vs 08-2026 10-2026: 3.9%● unchanged vs 09-2026 11-2026: 3.9%● unchanged vs 10-2026

Financial strength
Weak

0=equity -563.4% of total assets
35+9short-term debt 589.6% · cash 28.1%
0=return on assets -470.5%

Score breakdown

raises risk
Loss of €1.5m, the second in a row (financial year 2025)
Negative equity -€1.8m
lowers risk
Liquidity: current ratio 0.08, cash €88,734
Founded in 2023
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 47, micro). It does better than 6% of them on solvency, 32% on liquidity, 6% on profitability and 1% on growth.

The bankruptcy probability was computed on 10-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 7,639 companies had the same profile as INTERFAR has now. Each dot stands for 20 companies, two years later.

84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more

Another 0.8% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of INTERFAR itself: 3.9% within 12 months.

Test of the method

The method was tested on the 497,448 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 7,639 companies, not a prediction for INTERFAR. 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

No credit on open account

Liquidity is insufficient, with a current ratio of 0.08 (0.55 in 2024), below 1. Short-term debt is 589.6% and cash 28.1% of total assets. Equity is negative.

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 risk
lowers risk · Liquidity: current ratio 0.08, cash €88,734
NBB · annual accounts
raises risk · Loss of €1.5m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Negative equity -€1.8m
NBB · annual accounts
lowers risk · Founded in 2023
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€1.8m
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filings
Deviation from the deadline
2025
28 days late
2024
60 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 2 accounts on average 44 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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.
Companies Code · seven months
Where today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2023.
KBO publications

Board and ownership

PS
Director, since 14-11-2023
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:1002260913
First establishment Intermarché Farciennes, Rue Francisco Ferrer 127, Farciennes
Incorporation Founding capital of €100,000, 6,000 shares · Founders: NIVALIM, COUDIS, HOUDINIS and 10 others · Appointment: PAMUKÇU Sedat Özgüç (sole director) · published on 17-11-2023 · Gazette deed
All 5 events

Comparable companies

same main activity, similar in size and age
Company
INTERFAR Farciennes €316,334 -€233,650 -563.4% 9.6
EXPRESS HEMIKSEM Hemiksem €174,953 -€84,789 -90.1% 6
COPROSAIN TOURNAI Frasnes-lez-Anvaing €391,148 -€104,550 -230.3% -
VALGA DISTRIBUTION Boussu €207,538 -€56,264 1.9% -
TS Retail BE Schaerbeek €382,269 -€459,911 -278.0% -
HONA Mechelen €297,769 €1,000 0.5% -
ARSCOTIM Ottignies-Louvain-la-Neuve €430,034 -€716 100.0% -

These companies have the same main activity as INTERFAR: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €175,000 and €430,000, founded between 2022 and 2024.

Official details

Source: KBO
Status
Active since 14-11-2023Normal situation
Activity
Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
Establishment unit
2.352.171.5096240 Farciennes, since 04-12-2023
Financial year end
31 December
Peppol
Reachable since 10-12-2025
Company details

Annual accounts 2025

-€233,650
€1.5m▲ 278%
-€1.8m▼ 507%
€316,334▼ 59.7%
9.6 FTE▼ 47.5%
Filing
Filed on 28-08-2026
Financials

Insights on INTERFAR

Solvency fell in 2025 from -37.4% to -563.4% because of the loss.

ITM ALIMENTAIRE BELGIUM holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 28-08-2026, 28 days late
-€233,650
▼ €857,327
-€1.4m
▼ €1.0m
-€1.5m
▼ €1.1m
-€1.7m
▼ €1.2m
-563.4%
▼ 526.0 percentage points
0.08
▼ 0.46

Turnover: not included in this filing.

Balance sheet

balance sheet total €316,334 on 31-12-2025
What the company ownsHow it is paid for

in €m

in €m

Position in the sector

-563.4%

Lower than 95% of 5,069 companies in 2025.

0.08

Lower than 95% of 4,995 companies in 2025.

-470.5%

Lower than 95% of 5,038 companies in 2025.

INTERFAR Middle half of the sector 80% of the sector Full accounts in retail trade (NACE 47)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter · Staff: middle half

Staff

€120,616

Staff costs divided by the average number of full-time equivalents.

-11 people

people who joined people who left

In 2025, 17 people joined and 28 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024
Balance sheet: assets
20/58 316,334785,154
21/28 162,432195,231
21 11
22/27 162,432195,230
22 57,30664,506
23 3,8144,971
24 33,36549,269
26 67,94776,484
29/58 153,901589,923
3 -388,947
30/36 -388,947
40/41 64,67911,339
40 28,727-
41 35,95211,339
54/58 88,734165,825
490/1 48923,812
Balance sheet: equity and liabilities
10/49 316,334785,154
10/15 -1.8m-293,767
10/11 100,000100,000
10 100,000100,000
100 100,000100,000
14 -1.9m-393,767
17/49 2.1m1.1m
17 233,427-
175 233,427-
42/48 1.9m1.1m
44 235,820960,861
440/4 235,820960,861
45 37,809117,065
450/3 1,3302,910
454/9 36,479114,155
47/48 1.6m994
Income statement
76A 480500,564
9900 -233,650623,677
62 1.2m947,688
630 32,79833,992
640/8 9,77735,209
66A 375-
9901 -1.4m-393,212
75/76B 14,18311,544
75 14,18311,544
65/66B 68,02512,098
65 34,12012,098
66B 33,904-
9903 -1.5m-393,767
9904 -1.5m-393,767
9905 -1.5m-393,767
Appropriation of the result
9906 -1.9m-393,767
14P -393,767-
Social balance sheet
9087 9.618.3
Hours worked1013 64722,292
Document PDFPDF

The notes to these accounts have 9 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 28-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00483631.

Financial year Type Filed Reference Document
31-12-2025 full format 28-08-2026 2026-00483631 PDF
31-12-2024 full format 29-09-2025 2025-00530177 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024
-1.4m-359,220
-1.5m-359,775
0229,223
-77,091-
-1.7m-488,998
-563.4%-37.4%
0.080.55
0.080.19
-470.5%-50.2%
-41.08-29.69

EBIT margin: not included in this filing.

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

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.

Social balance sheet

Item31-12-202531-12-2024
Employees at the balance-sheet date-21
full-time-8
part-time-13
in full-time equivalents-18
9.618.3
On a permanent contract-21
Joined1711
Left282

Source: social balance sheet in the 2024 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024
Tangible fixed assets-€229,222
Intangible fixed assets-€1
€32,798€33,992

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Insights on INTERFAR

The operating result for 2025 is a loss of €1.4m, larger than the loss of €393,212 in 2024.

Equity is negative. Debt (€2.1m) exceeds the balance-sheet total (€316,334).

Board & ownership

Board

1 director, since incorporation
Sole director
since 14-11-2023 6-year term from 2023
also on the board of 4 other companies
listed in the 2025 annual accounts, filed on 28-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 22 - Représentation de la société La société est valablement représentée à l’égard des tiers et notamment dans les actes auxquels…”
deed of 17-11-2023

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
BoardRest of the term
Mandates as a list
  • PAMUKCU Sedat Özgüç
    • Sole director, from 14-11-2023 to date

See the board, name and registered office on a given date →

Control

Parent
Equity -€64.9m
Loss €52.6m in 2025 (loss €134.6m in 2024)
Checked score 54
99.98%
This company
INTERFAR
Equity -€1.8m
Loss €1.5m in 2025

Capital

Capital
€100,000
Shares
6,000
Contribution per share
€16.67
Equity per share
-€297 in 2025
Source
deed of 17-11-2023

Owners through the years

as the annual accounts name them
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 17-11-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié cédant moitié acquéreurs prorata actions, mutatis mutandis, demande héritiers légataires, exiger agrément si non reprises délai prévu”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“Article 25 - Réunion - Convocation L'assemblée générale ordinaire se réunit annuellement le dernier verndredi du mois de juin, à 15 heures…”

Capital transactions

Shareholders according to the deeds
At incorporation deed of 17-11-2023 ↗
Capital over time
  1. 17-11-2023 Incorporation · €100,000 · 6,000 shares

Network & group

Group

ITM ALIMENTAIRE BELGIUM has 30 direct subsidiaries (2025 accounts), the bar shows equity in euros
ParentITM ALIMENTAIRE BELGIUM30 holdings, 1 country 2025 accounts

Belgium 30 Year Equity Result

  • BE INTERFAR99.98% 2025-€1.8m result -€1.5m (2025)
  • BE NANINVEST99.98% 2025€2.5m result €80,773 (2025)
  • BE DELINTER60% 2025€845,134 result €76,150 (2025)
  • BE OLA DISTRIBUTION99.98% 2025€737,833 result -€39,554 (2025)
  • BE SPR ALIMENTAIRE BELGIUM93.34% 2025€395,566 result -€34,435 (2025)
  • BE HANOUX99.98% 2024€291,795 result -€1,247 (2024)
  • BE HUY DISCOUNT 2025€5,025 result €146,112 (2025)
  • BE ORPECO99.97% 2025-€44,787 result -€63,343 (2025)
  • BE SUPERLOG 2025-€95,604 result -€846,255 (2025)
  • BE AJD&CO99.98% 2024-€235,763 result -€398,143 (2024)
  • BE MOLSANT99.99%no longer active 2023-€269,586 result -€2,562 (2023)
  • BE DISTRIMARKET 2025-€340,490 result -€317,607 (2025)
  • BE JOTHEL99.96% 2025-€440,341 result -€262,868 (2025)
  • BE MONCEAURETAIL99.98% 2024-€483,383 result -€583,383 (2024)
  • BE CRISMAB99.99% 2024-€721,327 result -€720 (2024)
  • BE FLEURUS DISCOUNT 2025-€955,671 result -€704,685 (2025)
  • BE WATEA99.99% 2024-€961,830 result -€1,235 (2024)
  • BE COMDIS99.98% 2025-€1.3m result -€1.0m (2025)
  • BE ARCHIDIS99.98% 2024-€1.3m result -€1.4m (2024)
  • BE FRANCE DISTRIBUTION 2024-€1.5m result -€252,942 (2024)
  • BE WALHAINTER99.98% 2025-€1.5m result -€37,198 (2025)
  • BE FLORIM99.98% 2022-€1.6m result -€253,981 (2022)
  • BE CENTODIS99.98% 2025-€1.7m result -€1.1m (2025)
  • BE MARCIM99.93% 2023-€1.8m result €10,564 (2023)
  • BE GOSFOOD99.98% 2025-€2.0m result -€1.3m (2025)
  • BE BELGRADIS99.98% 2025-€2.0m result -€1.4m (2025)
  • BE MSM DIST99.98% 2025-€2.0m result -€1.1m (2025)
  • BE LEODETIM99.97% 2024-€2.9m result -€1.1m (2024)
  • BE AL DISTRIBUTION 2025-€3.9m result -€805,059 (2025)
  • BE BLONFOOD99.98% - result -

Source: list of holdings in the 2025 accounts of ITM ALIMENTAIRE BELGIUM. Every holding stands with its own latest accounts.

Part of the group ITM ALIMENTAIRE BELGIUM Group, risk and exposure

Connections & network

4 connected companies
Depth
This 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
Nespa
via PAMUKCU Sedat Özgüç · Sole director · deed of 17-11-2023
Founded in 2011 · 20 FTE (2025)
→
TEMPA
via PAMUKCU Sedat Özgüç · Director (not named in the articles) · deed of 17-11-2023
Founded in 2004 · 15 FTE (2025)
→
ANA
via PAMUKCU Sedat Özgüç · Permanent representative · deed of 03-10-2023
Founded in 2023 · total assets €173,673 (2025)
→
MADRE
via PAMUKCU Sedat Özgüç · Permanent representative · deed of 19-10-2023
Founded in 2023 · total assets €155,424 (2025)
→

Timeline

Timeline

5 events since 2023

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBfull format · 28 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1002260913
Annual accounts 2024 filed PDFfull format · 60 days late
2023
First establishment Intermarché Farciennes, Rue Francisco Ferrer 127, Farciennes
IncorporationFounding capital of €100,000, 6,000 shares · Founders: NIVALIM, COUDIS, HOUDINIS and 10 others · Appointment: PAMUKÇU Sedat Özgüç (sole director) · published on 17-11-202316 points ▸

Open the deed in the Belgian Official Gazette

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 14 November 2023, INTERFAR was incorporated as a public limited company by NIVALIM, COUDIS, 10 other companies and one natural person, with a starting capital of €100,000.12 PAMUKCU Sedat Özgüç has served as sole director since 2023.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 17-11-2023
  3. 3National Bank, annual accounts 2025

Company details

Identity

Enterprise number
1002.260.913
VAT number
BE 1002.260.913
Peppol ID
0208:1002260913
Legal form
Public limited company
Status
Active, normal situation
Founded
14-11-2023
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“Article 25 - Réunion - Convocation L'assemblée générale ordinaire se réunit annuellement le dernier verndredi du mois de juin, à 15 heures…”
deed of 17-11-2023 (in French)
Peppol
Reachable since 10-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
INTERFAR in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 17-11-2023 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Rue Francisco Ferrer 127, 6240 Farciennes”
deed of 17-11-2023 (in French)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
47114 Supermarkets main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Toutes les opérations se rapportant au commerce de détail : journaux et périodiques, bureau de Lotto et de tiercé, vente de timbre, point de…”
3 activities
  1. Toutes les opérations se rapportant au commerce de détail : journaux et périodiques, bureau de Lotto et de tiercé, vente de timbre, point de relais Kiala ou équivalent et point relais, poste et autres
  2. Exploiter toutes industries ou tout commerce de nature à promouvoir soit directement soit indirectement l'objet social
  3. L'exploitation de surfaces commerciales dans le sens le plus large et notamment l'achat, la vente, la commercialisation au sens large de produits alimentaires et non alimentaires ainsi que le commerce en viandes, charcuterie, volailles et gibiers abattus, le commerce en tabac, alcool et boissons spiritueuses
deed of 17-11-2023 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Intermarché Farciennes registered office Rue Francisco Ferrer 127, 6240 Farciennes 04-12-2023 2.352.171.509

Buildings and parcels at the address

Ground area
6,519 m²
Buildings
1,909 m²
Volume, LiDAR
12,288 m³
Tallest building
8.2 m
Buildings to scale, each on its own parcel
1,909 m², 8.2 m 1,909 m², 8.2 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
52018D0091/00N0026,519 m² 1 · 1,909 m² 8.2 m · 2