Equity
€46,917 ▼ 17.4%
SIDE TWO paid out €46,000 in dividends. That is 127% of the 2025 profit.
SIDE TWO
Overview
Lifetime
4 annual accounts with figures on one time axispeak €64,938 (2022)
€63,630▲ 71.2%
peak €36,091 (2025)
€36,091▲ 125%
peak €56,826 (2024)
€46,917▼ 17.4%
€178,724▲ 9.1%
Board1 name since 2021
1 directorLAHAYE Guillaume Maxime Michel Guy
Documentsfilings and deeds
22-06-202639 days before the deadline
2025micro format
Gross margin from €37,170 to €63,630Result from €16,041 to €36,091Dividend €46,000Equity from €56,826 to €46,917Cash from €30,725 to €43,581
Key points
from the 2025 annual accountsChecked score
93
Excellent
Financially stronger than 41% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025highest value
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.2%▼ -0.1 percentage points vs 06-2025
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €225,640
Liquidity: current ratio 1.53, cash €43,581
Figures for financial year 2025 (filed on 22-06-2026)
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 70, micro). It does better than 24% of them on solvency, 59% on liquidity, 58% on profitability and 24% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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, 6,713 companies had the same profile as SIDE TWO has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SIDE TWO itself is lower: 0.1% within 12 months. It rests on far more data about SIDE TWO than the profile alone.
Test of the method
The method was tested on the 497,447 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 6,713 companies, not a prediction for SIDE 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.
Credit verdict
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.53 (2.43 in 2024), above the usual 1.5. Short-term debt is 22.2% and cash 19.3% of total assets. However, 79.2% of the assets are financed with debt and provisions.
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 riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 39368 sector peers (2025).
NBB · sector comparisonPosition among 39368 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
39 days early
2024
22 days early
2023
40 days early
2022
12 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 28 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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. The company usually files around 1 July (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0776741554
Incorporation
Founder: LAHAYE Guillaume Maxime Michel Guy (comparant) · 10 shares · Appointment: LAHAYE Guillaume Maxime Michel Guy (director) · published on 04-11-2021 · Gazette deed
First establishment
Rue Haut Vinave 34, Remicourt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SIDE TWO Remicourt | €225,640 | €63,630 | 20.8% | - |
| AUXILIASTRA Chaudfontaine | €203,443 | €62,887 | 48.6% | - |
| MS CONSULT Tinlot | €203,258 | €64,894 | 59.3% | - |
| GLOBAL GRID Liège | €237,076 | €60,582 | 97.5% | - |
| O.D. PROJECTS Modave | €225,609 | €75,151 | 40.9% | 1 |
| FOOD & PROFIT CONSULTING Ans | €191,642 | €64,303 | 21.9% | - |
| CODA MANAGEMENT Beyne-Heusay | €205,858 | €73,879 | 20.4% | - |
These companies have the same main activity as SIDE TWO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €192,000 and €237,000, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 02-11-2021Normal situation
- Activity
- Business and other management consultancyNACE 70200and 4 others
- Establishment unit
- 2.324.560.6564350 Remicourt, since 02-11-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 19-11-2025
Annual accounts 2025
- €63,630▲ 71.2%
- €36,091▲ 125%
- €46,917▼ 17.4%
- €225,640▲ 2.3%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on SIDE TWO
SIDE TWO files the micro format. That format states no turnover. The gross margin fell from €64,938 in 2022 to €63,630 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 22-06-2026, 39 days before the deadline€63,630
▲ 71.2%
€55,987
▲ 86.3%
€36,091
▲ 125%
€26,380
▼ 32.1%
20.8%
▼ 5.0 percentage points
1.53
▼ 0.90
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €98,000 and €160,000.
Balance sheet
balance sheet total €225,640 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
20.8%
Higher than 24% of 39,368 companies in 2025.
1.53
Higher than 40% of 38,051 companies in 2025.
16.0%
Higher than 53% of 38,523 companies in 2025.
SIDE TWO
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
225,640 | 220,646 | 207,191 | 212,119 | |
20 |
0 | 0 | 0 | 0 | |
21/28 |
149,097 | 154,624 | 157,842 | 151,431 | |
22/27 |
149,097 | 154,624 | 157,842 | 151,431 | |
22 |
136,124 | 140,346 | 144,563 | 148,780 | |
23 |
9,656 | 10,617 | 9,746 | - | |
24 |
3,318 | 3,662 | 3,534 | 2,651 | |
29/58 |
76,543 | 66,022 | 49,349 | 60,688 | |
40/41 |
32,627 | 34,543 | 39,423 | 34,752 | |
40 |
32,188 | 19,572 | 29,963 | 31,309 | |
41 |
439 | 14,971 | 9,460 | 3,444 | |
54/58 |
43,581 | 30,725 | 8,209 | 25,608 | |
490/1 |
336 | 754 | 1,716 | 327 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
225,640 | 220,646 | 207,191 | 212,119 | |
10/15 |
46,917 | 56,826 | 40,785 | 27,935 | |
10/11 |
1 | 1 | 1 | 1 | |
14 |
46,916 | 56,825 | 40,784 | 27,934 | |
17/49 |
178,724 | 163,820 | 166,407 | 184,184 | |
17 |
128,561 | 136,635 | 144,394 | 143,883 | |
170/4 |
128,561 | 136,635 | 144,394 | 143,883 | |
42/48 |
50,163 | 27,185 | 22,013 | 40,300 | |
42 |
8,075 | 7,758 | 7,454 | 5,117 | |
44 |
2,638 | 2,981 | 1,427 | 79 | |
440/4 |
2,638 | 2,981 | 1,427 | 79 | |
45 |
19,308 | 16,445 | 13,131 | 35,105 | |
450/3 |
19,308 | 16,445 | 13,131 | 35,105 | |
47/48 |
20,142 | - | - | - | |
| Income statement | |||||
9900 |
63,630 | 37,170 | 33,339 | 64,938 | |
62 |
- | 27 | - | - | |
630 |
6,930 | 6,400 | 5,677 | 27,206 | |
640/8 |
714 | 692 | 666 | 385 | |
9901 |
55,987 | 30,051 | 26,996 | 37,348 | |
75/76B |
- | 675 | 310 | 119 | |
75 |
- | 675 | 310 | 119 | |
65/66B |
7,994 | 8,777 | 8,288 | 439 | |
65 |
7,994 | 8,777 | 8,288 | 439 | |
9903 |
47,993 | 21,949 | 19,018 | 37,027 | |
67/77 |
11,902 | 5,907 | 6,169 | 9,093 | |
9904 |
36,091 | 16,041 | 12,849 | 27,934 | |
9905 |
36,091 | 16,041 | 12,849 | 27,934 | |
| Appropriation of the result | |||||
9906 |
92,916 | 56,825 | 40,784 | 27,934 | |
14P |
56,825 | 40,784 | 27,934 | - | |
694/7 |
46,000 | - | - | - | |
694 |
46,000 | - | - | - | |
| Document | |||||
The notes to these accounts have 6 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 22-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 62,916 | 36,450 | 32,673 | 64,553 | ||
| 43,021 | 22,441 | 18,527 | 55,140 | ||
| 1,402 | 3,182 | 12,089 | 177,712 | ||
| 12,855 | 22,516 | -17,399 | - | ||
| 26,380 | 38,837 | 27,336 | 20,387 | ||
| 20.8% | 25.8% | 19.7% | 13.2% | ||
| 1.53 | 2.43 | 2.24 | 1.51 | ||
| 3.81 | 2.88 | 4.08 | 6.59 | ||
| 76.9% | 28.2% | 31.5% | 100.0% | ||
| 16.0% | 7.3% | 6.2% | 13.2% | ||
| 7.87 | 4.15 | 3.94 | over 100 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €1,402 | €3,182 | €12,089 | €177,712 |
| €6,930 | €6,400 | €5,677 | €27,206 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on SIDE TWO
The operating result for 2025 is 86% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 74.2% to 79.2%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 04-11-2021
listed in the 2025 annual accounts, filed on 22-06-2026
Mandates through the years
1 name, the dashed line is todayLAHAYE Guillaume Maxime Michel Guy
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- LAHAYE Guillaume Maxime Michel Guy
- Director (not named in the articles), appointed by deed of 04-11-2021, still in office
Control
This company
SIDE TWO
Equity €46,917
Profit €36,091 in 2025
Capital
- Contribution
- €1
- Shares
- 10
- Contribution per share
- €0.10
- Equity per share
- €4,692 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 04-11-2021 (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 1 director“Fixe ou proportionnelle, rémunération des administrateurs”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs au prorata, cessions entre vifs onéreuses,gratuites,volontaires,forcées,usufruit,nue-propriété,pleine…”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Founder
At incorporation
deed of 04-11-2021 ↗
- LAHAYE Guillaume Maxime Michel Guy sole founder · 100% at incorporation
Network & group
No group
SIDE TWO has no parent and no holdings in its annual accounts. LAHAYE Guillaume Maxime Michel Guy is the only director.
Earlier ties
| BROLZ via LAHAYE Guillaume, no longer at BROLZ · Director (not named in the articles) · deed of 03-07-2020 founded in 2020 · negative equity (2025) |
total assets €23,856 (2025) |
Board mandates elsewhere
1 board mandateBoard mandates of SIDE TWOSIDE TWO sits on their board1
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
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Timeline
Timeline
9 events since 2021Filings
Financial
Establishments
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 39 days before the deadline
2025
Highest result from 2022 to 2025 net €36,091 ▲125% The operating result of €55,987 and the net result of €36,091 are both a record.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0776741554
Annual accounts 2024 filed PDFmicro format · 22 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 40 days before the deadline
2023
Weakest financial year net €12,849 ▼54% The net result drops to €12,849, the lowest from 2022 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 12 days before the deadline
2021
IncorporationFounder: LAHAYE Guillaume Maxime Michel Guy (comparant) · 10 shares · Appointment: LAHAYE Guillaume Maxime Michel Guy (director) · published on 04-11-20215 points ▸
- 10 shares
- Registered office clause, rue Haut Vinâve 34, 4350 Remicourt
- Director appointment, LAHAYE Guillaume Maxime Michel Guy (director (not named in the articles))
- Permanent representative, LAHAYE Guillaume Maxime Michel Guy
- Founder, LAHAYE Guillaume Maxime Michel Guy (comparant)
- The deed holds 5 more points.
First establishment Rue Haut Vinave 34, Remicourt
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 2 November 2021, SIDE TWO was incorporated as a private limited company by one natural person.12 LAHAYE Guillaume Maxime Michel Guy is director of the company, appointed by deed of 04-11-2021.2 Total assets went from €212,119 in 2022 to €225,640 in 2025.3
Company details
Identity
- Enterprise number
- 0776.741.554
- VAT number
- BE 0776.741.554
- Peppol ID
- 0208:0776741554
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 02-11-2021
- Financial year
- ends on 31 December
- Peppol
- Reachable since 19-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- SIDE TWO in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 04-11-2021 (in French)
- Name clauseThe company operates under this name according to its articles.
- SIDE TWOdeed of 04-11-2021 (in French)
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
62020
IT consultancy
70210
Activities of head offices; management consultancy activities
82300
Organisation of conventions and trade shows
82990
Other business support services
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La proposition de services de consultance dans le management et l’organisation stratégique des entreprises, avec une expertise dans la…”deed of 04-11-2021 (in French)
5 activities
- La proposition de services de consultance dans le management et l’organisation stratégique des entreprises, avec une expertise dans la maintenance.
- La conception, la réalisation, le déploiement et l'exploitation de produits informatiques et électroniques et de logiciels adaptés (IT Business Analyst). La prestation de services et de conseils, la conception, l'étude, l'analyse, l'équipement, l'installation, la gestion, l'utilisation et l'amélioration de systèmes informatiques.
- L’exercice de mission d’administration d’entreprises
- L’organisation d’évènements en lien avec des prestations musicales (concerts, sonorisations de salles,…)
- La réalisation de toutes prestations ou opérations commerciales, financières, industrielles, mobilières ou immobilières se rapportant directement ou indirectement à l'objet social
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue Haut Vinave 34 registered office 4350 Remicourt | 02-11-2021 | 2.324.560.656 |
Buildings and parcels at the address
- Ground area
- 745 m²
- Buildings
- 84 m²
- Volume, LiDAR
- 493 m³
- Tallest building
- 7.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 64050A0838/00G002 | 745 m² | 1 · 83 m² | 7.4 m · 2 |
Contact
E-mail
guillaume@brolz.app
Phone
+32 499 37 26 74