Nine and Two

Active

Private limited companyfounded 20224 yrs activeBredestraat 4, 2000 Antwerpen, BelgiumKBO/BCE: BE 0787.789.557

Summary

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 20110 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).

Risk analysisWatch Report Compare

Nine and TwoActiveChecked score 55/100

Risk analysis Report Compare

Activity

Retail trade

NACE 47722

1 site

Size

€59,479total assets 2025

Equity: €53,239
Loss: -€84,975

Turnover not published (abridged schema)

Financial health

55 Fair Checked score 2025

Bankruptcy chance 12 m: 1.2%

Structure

Accounts filed 21 d late0 of 4 deeds read

Why 55Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €84,975, the second in a row (FY 2025)- Size: total assets €59,479+ Equity €53,239 (89.5% of total assets)+ Liquidity: current ratio 8.25, cash €7,839, halvedShow the evidence

Checked score

Score 2025

55 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 46% of its sector peers (NACE 47, micro)

Performance against the sector, not lower risk

A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.

Financial strength · tick = 2024

Average

Solvency 100=

equity 89.5% of total assets

Liquidity 66-13

short-term debt 10.5% · cash 13.2%

Profitability 0=

return on assets -142.9%

Bankruptcy probability, 12 months

1.2% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (39,898 companies)

Last 15 months 08-2025: 0.9% 09-2025: 0.9%● 0.0% vs 08-2025 10-2025: 0.9%▲ +1.1% vs 09-2025 11-2025: 0.9%● 0.0% vs 10-2025 12-2025: 0.9%● 0.0% vs 11-2025 01-2026: 0.9%▼ -0.1% vs 12-2025 02-2026: 0.9%▲ +3.1% vs 01-2026 03-2026: 0.7%▼ -25.0% vs 02-2026lowest value 04-2026: 0.8%▲ +7.1% vs 03-2026 05-2026: 0.8%▲ +10.2% vs 04-2026 06-2026: 0.8%▼ -2.3% vs 05-2026 07-2026: 0.8%▲ +4.1% vs 06-2026 08-2026: 1.5%▲ +81.2% vs 07-2026highest value 09-2026: 1.2%▼ -20.2% vs 08-2026 10-2026: 1.2%● 0.0% vs 09-2026

Loss of €84,975, the second in a row (FY 2025) raises the probability
Equity €53,239 (89.5% of total assets) lowers the probability
Size: total assets €59,479 raises the probability for this profile
Liquidity: current ratio 8.25, cash €7,839, halved lowers the probability

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.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 92%, liquidity 73%, profitability 6%, growth against the median 14%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Loss of €84,975, the second in a row (FY 2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Equity €53,239 (89.5% of total assets)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Size: total assets €59,479

In the bankruptcy model this factor raises the probability for this profile.

NBB · annual accounts

Liquidity: current ratio 8.25, cash €7,839, halved

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

22232425

2022 to 2025 · latest year -€84,975

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 filings

Deviation 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)

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 months

Position in the running window

02-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

21-08-26 Annual accounts filedfiscal year 2025 · micro…
04-07-25 Annual accounts filedfiscal year 2024 · micro…
31-12-24 Weakest financial yearnet -€106,487

Key points

Risk: 4 loss-making years in a rowloss fiscal year 2025 -€84,975 View
Caution: Among the weakest 5% on net resultsector median €5,003 · 20,084 companies -€84,975 View
Total assets 20254 fiscal years filed €59,479 View