R TWO C
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 24-12-2025 PDF all 2 filings
Every figure per financial year
The operating result for 2025 is 25% higher than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-06-2024 | 30-06-2025 |
|---|---|---|
| Tangible fixed assets | €3,226 | €784 |
| Depreciation and write-downs of the year | €319 | €857 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €319 | €857 | ▲ 168% |
| Other operating charges640/8 | €1,184 | €1,192 | ▲ 0.7% |
| Non-recurring operating charges66A | €1,983 | - | - |
| Gross operating margin9900 | €33,925 | €40,100 | ▲ 18.2% |
| Operating profit (loss)9901 | €30,438 | €38,051 | ▲ 25.0% |
| Financial income75/76B | - | €34 | - |
| Recurring financial income75 | - | €34 | - |
| Financial charges65/66B | €1,097 | €1,681 | ▲ 53.2% |
| Recurring financial charges65 | €1,097 | €1,681 | ▲ 53.2% |
| Profit (loss) for the period before taxes9903 | €29,341 | €36,405 | ▲ 24.1% |
| Income taxes67/77 | €6,800 | €7,847 | ▲ 15.4% |
| Profit (loss) for the period9904 | €22,541 | €28,558 | ▲ 26.7% |
| Profit (loss) for the period to be appropriated9905 | €22,541 | €28,558 | ▲ 26.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €48,446 | €61,185 | ▲ 26.3% |
| Fixed assets21/28 | €2,907 | €2,834 | ▼ 2.5% |
| Tangible fixed assets22/27 | €2,907 | €2,834 | ▼ 2.5% |
| Plant, machinery and equipment23 | €2,169 | €1,695 | ▼ 21.9% |
| Furniture and vehicles24 | €738 | €1,140 | ▲ 54.5% |
| Current assets29/58 | €45,540 | €58,351 | ▲ 28.1% |
| Amounts receivable within one year40/41 | €7,865 | €11,837 | ▲ 50.5% |
| Trade receivables40 | €7,865 | €11,837 | ▲ 50.5% |
| Cash at bank and in hand54/58 | €36,993 | €45,809 | ▲ 23.8% |
| Deferred charges and accrued income490/1 | €681 | €705 | ▲ 3.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €48,446 | €61,185 | ▲ 26.3% |
| Equity10/15 | €17,541 | €46,098 | ▲ 163% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Reserves13 | €7,541 | €36,098 | ▲ 379% |
| Distributable reserves133 | €7,541 | €36,098 | ▲ 379% |
| Amounts payable17/49 | €30,906 | €15,087 | ▼ 51.2% |
| Amounts payable within one year42/48 | €30,906 | €15,087 | ▼ 51.2% |
| Trade debts44 | €1,159 | €1,184 | ▲ 2.2% |
| Suppliers440/4 | €1,159 | €1,184 | ▲ 2.2% |
| Taxes, remuneration and social security45 | €11,923 | €10,286 | ▼ 13.7% |
| Taxes450/3 | €11,923 | €10,286 | ▼ 13.7% |
| Other amounts payable47/48 | €17,824 | €3,617 | ▼ 79.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €22,541 | €28,558 | ▲ 26.7% |
| + Depreciation and write-downs630 | €319 | €857 | ▲ 168% |
| Operating cash flow (approximation) | €22,860 | €29,414 | ▲ 28.7% |
| Investment in fixed assets (approximation) | - | -€784 | - |
| Change in cash | - | €8,816 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as R TWO C has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of R TWO C itself is lower: < 0.1% within 12 months. It rests on far more data about R TWO C than the profile alone.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for R TWO C. 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.