Nine and Two
ActiveSummary
The computed 12-month bankruptcy probability of Nine and Two is 2.4% (moderate). The annual accounts of Nine and Two for fiscal year 2025 show a net loss of 143% of total assets and of 103% of the equity at the start of that year. The 2025 annual accounts show equity of €53,239 and a net result of -€84,975. Equity is shrinking by ~23.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 94% of 18973 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
What stands out
Overview
Accounts filed 21 d late0 of 4 deeds readTurnover not published (abridged schema)
Why 54- Limited track record- Higher-failure-rate sector- Annual accounts: weaker financial profile- Persistent lossesA punctual record breaksShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 8.25 against 9.84 in 2024; short-term debt: 10.5% and cash: 13.2% of total assets), and 10.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
89.5%
Return on assets
-142.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€84,975
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
21 d late
2024
27 d early
2023
33 d early
2022
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 17 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 4 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet -€106,487
Financials
Fiscal year 2025Total assets €59,479Loss -€84,975Solvency 89.5%Liquidity 8.25
Total assets
€59,479▼ 36.5%
2022 - 2025
Net result
-€84,975▲ 20.2%
2022 - 2025
Equity
€53,239▼ 35.5%
2022 - 2025
Solvency
89.5%▲ 1.3pp
2022 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€10,272--€99,279▼ 867%-€106,001▼ 6.8%-€84,423▲ 20.4%
Net result-€10,327below the sector's middle half--€99,292below the sector's middle half▼ 861%-€106,487below the sector's middle half▼ 7.2%-€84,975below the sector's middle half▲ 20.2%
Equity€82,373within the sector's middle half-€137,581above the sector's middle half▲ 67.0%€82,594within the sector's middle half▼ 40.0%€53,239within the sector's middle half▼ 35.5%
Total assets€82,446within the sector's middle half-€142,532within the sector's middle half▲ 72.9%€93,634within the sector's middle half▼ 34.3%€59,479within the sector's middle half▼ 36.5%
Debt€73-€4,951▲ 6,651%€11,040▲ 123%€6,241▼ 43.5%
Working capital€79,318within the sector's middle half-€116,583above the sector's middle half▲ 47.0%€71,096within the sector's middle half▼ 39.0%€45,241within the sector's middle half▼ 36.4%
Solvency99.9%above the sector's middle half-96.5%above the sector's middle half▼ 3.4pp88.2%above the sector's middle half▼ 8.3pp89.5%above the sector's middle half▲ 1.3pp
Current ratio24.55above the sector's middle half9.84above the sector's middle half▼ 14.708.25above the sector's middle half▼ 1.59
Return on assets (ROA)-12.5%below the sector's middle half--69.7%below the sector's middle half▼ 57.1pp-113.7%below the sector's middle half▼ 44.1pp-142.9%below the sector's middle half▼ 29.1pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €84,423 in 2025 against €106,001 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €59,479
Fixed assets
€7,997 ▼ 44.8%
Current assets
€51,482 ▼ 34.9%
Equity and liabilities €59,479
Equity
€53,239 ▼ 35.5%
Debt
€6,241 ▼ 43.5%
Debt's share of the balance-sheet total falls from 11.8% to 10.5%. Equity and debt are lower.
Key figures and ratios
Key figures and ratios
EBITDA
-€77,923▲
2024 · -€99,501
Cash flow
-€78,475▲
2024 · -€99,987
Quick ratio
1.50▼
2024 · 3.86
Debt to equity
0.12▼
2024 · 0.13
ROE
-159.6%▼
2024 · -128.9%
Interest coverage
-126.71▲
2024 · -202.11
Debt ≤ 1 year
€6,241▼
2024 · €8,040
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,225 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 88% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.3%
went bankrupt
8.7%
stopped otherwise
88%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,225 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €6,500 | €6,500 | = |
| Other operating charges640/8 | €199 | €173 | €182 | €585 | ▲ 222% |
| Gross operating margin9900 | -€10,072 | -€99,107 | -€99,319 | -€77,337 | ▲ 22.1% |
| Operating profit (loss)9901 | -€10,272 | -€99,279 | -€106,001 | -€84,423 | ▲ 20.4% |
| Financial income75/76B | - | €24 | €6 | €63 | ▲ 897% |
| Recurring financial income75 | - | €24 | €6 | €63 | ▲ 897% |
| Financial charges65/66B | €56 | €37 | €492 | €615 | ▲ 24.9% |
| Recurring financial charges65 | €56 | €37 | €492 | €615 | ▲ 24.9% |
| Profit (loss) for the period before taxes9903 | -€10,327 | -€99,292 | -€106,487 | -€84,975 | ▲ 20.2% |
| Profit (loss) for the period9904 | -€10,327 | -€99,292 | -€106,487 | -€84,975 | ▲ 20.2% |
| Profit (loss) for the period to be appropriated9905 | -€10,327 | -€99,292 | -€106,487 | -€84,975 | ▲ 20.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €82,446 | €142,532 | €93,634 | €59,479 | ▼ 36.5% |
| Fixed assets21/28 | €3,055 | €20,998 | €14,498 | €7,997 | ▼ 44.8% |
| Intangible fixed assets21 | €3,055 | €20,998 | €14,498 | €7,997 | ▼ 44.8% |
| Current assets29/58 | €79,391 | €121,534 | €79,136 | €51,482 | ▼ 34.9% |
| Stocks and contracts in progress3 | €1,952 | €60,497 | €48,117 | €42,148 | ▼ 12.4% |
| Stocks30/36 | €1,952 | €60,497 | €48,117 | €42,148 | ▼ 12.4% |
| Amounts receivable within one year40/41 | €2,183 | €9,783 | €7,154 | €1,338 | ▼ 81.3% |
| Trade receivables40 | - | - | €1,500 | - | - |
| Other amounts receivable41 | €2,183 | €9,783 | €5,653 | €1,338 | ▼ 76.3% |
| Cash at bank and in hand54/58 | €69,356 | €48,537 | €21,693 | €7,839 | ▼ 63.9% |
| Deferred charges and accrued income490/1 | €5,900 | €2,717 | €2,173 | €157 | ▼ 92.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €82,446 | €142,532 | €93,634 | €59,479 | ▼ 36.5% |
| Equity10/15 | €82,373 | €137,581 | €82,594 | €53,239 | ▼ 35.5% |
| Contributions10/11 | €92,700 | €247,200 | €298,700 | €354,320 | ▲ 18.6% |
| Profit (loss) carried forward14 | -€10,327 | -€109,619 | -€216,106 | -€301,081 | ▼ 39.3% |
| Amounts payable17/49 | €73 | €4,951 | €11,040 | €6,241 | ▼ 43.5% |
| Amounts payable within one year42/48 | €73 | €4,951 | €8,040 | €6,241 | ▼ 22.4% |
| Trade debts44 | €73 | €4,951 | €2,550 | €838 | ▼ 67.1% |
| Suppliers440/4 | €73 | €4,951 | €2,550 | €838 | ▼ 67.1% |
| Taxes, remuneration and social security45 | - | - | €87 | - | - |
| Taxes450/3 | - | - | €87 | - | - |
| Other amounts payable47/48 | - | - | €5,403 | €5,403 | = |
| Accrued charges and deferred income492/3 | - | - | €3,000 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,327 | -€99,292 | -€106,487 | -€84,975 | ▲ 20.2% |
| + Depreciation and write-downs630 | - | - | €6,500 | €6,500 | = |
| Operating cash flow (approximation) | -€10,327 | -€99,292 | -€99,987 | -€78,475 | ▲ 21.5% |
| Investment in fixed assets (approximation) | - | -€17,943 | €0 | €0 | - |
| Change in cash | - | -€20,819 | -€26,844 | -€13,853 | ▲ 48.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 409 companies in this sector we hold annual accounts for 166. 121 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
6 eventsLatest 21-08-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€106,487
Net result drops to -€106,487, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €137,581 ▲67%
Equity rises from €82,373 to €137,581.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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Support & recognitions
1 funding sourceFlanders €9,000
Flemish government
€9,000
awarded · 2024
Subsidies and aid
Flemish government
2024 · 1 entry · €9,000 awarded · €9,000 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | €9,000 | €9,000 |
Company details
Private limited company · founded 29-06-2022Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded29-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
47722Retail trade
47120Other non-specialised retail sale
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
Contact
Website
www.nineandtwo.be
E-mail
management@nineandtwo.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0787789557
Also
9925:BE0787789557
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2022
Ground area
449 m²
Building footprint
231 m²
Volume, LiDAR
3,119 m³
Parcel 11804D1464/00F000, Flanders · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.
30
companies at this address
See who is registered here
1 establishment unit
Nine and Two
since 2022unit no. 2.332.767.945
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D1464/00F000 | Flanders | 449 m² | 1 · 231 m² | 17.9 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Go further with this company
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