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TWO

Active Private limited companyfounded 1999active for 27 yearsHaenhoutstraat 149, 9070 DestelbergenKBO/BCE: BE 0465.034.232
TWO
Financial year 2025
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Annual accounts 2025

micro format, filed on 02-02-2026, 2 days late
€212,783
▼ 27.5%
€146,196
▼ 34.9%
€96,316
▼ 46.8%
€57,106
▲ 167%
41.7%
▲ 32.6 percentage points
1.87
▲ 0.62

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 ≈ €360,000. Estimated: probably between €300,000 and €430,000.

Balance sheet

balance sheet total €309,115 on 30-06-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

41.7%

Higher than 39% of 41,228 companies in 2025.

1.87

Higher than 46% of 39,797 companies in 2025.

31.2%

Higher than 73% of 40,318 companies in 2025.

TWO Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: top quarter · 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 Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 309,115356,357509,103338,059335,861398,906452,020496,589576,176662,740606,849684,497877,921816,495948,6881.2m1.3m189,000178,884
21/28 186,224250,007229,013288,448308,345367,608427,770448,510507,986568,151554,756628,449673,477673,843715,094690,860682,60042,65035,976
22/27 186,224250,007229,013288,448308,345367,608427,770448,510507,986568,151554,756628,449673,477673,843715,094690,860682,60042,65035,976
22 2,8624,2935,7247,1558,58610,01711,44912,88014,31115,74117,17318,60420,03521,46622,89724,32825,75927,19028,621
23 ---------1,3702,7394,1105,4791953906,0928,6506,33299
24 66,90192,46133,24449,08125,75340,44855,97131,65646,07859,819-26,69439,11352810,1688,3393,1984,7172,177
26 116,461153,253190,045232,212274,006317,142360,351403,975447,598491,221534,844579,041608,850651,654681,639652,101644,9934,4115,079
29/58 122,892106,351280,08949,61127,51631,29824,24948,07968,19094,58952,09356,048204,444142,652233,593487,090569,754146,350142,908
40/41 42,26939,95776,42742,82218,59223,11016,13744,84560,64056,53336,51848,574176,21799,973202,222103,06152,062132,904128,918
40 35,09039,45576,42742,82215,2907,25097038,75255,81656,53336,51815,05234,17130,55281,86580,46438,588132,897128,913
41 7,179502-03,30215,85915,1676,0934,824--33,521142,04669,421120,35722,59713,47375
54/58 75,88458,279192,5411,8264,5354,7243,770-4,42234,80015,2796,18426,23232,02830,32322,14213,56513,44611,837
490/1 4,7398,11511,1214,9644,3893,4644,3423,2343,1283,2562961,2911,99510,6511,048361,887504,127-2,153
Balance sheet: equity and liabilities
10/49 309,115356,357509,103338,059335,861398,906452,020496,589576,176662,740606,849684,497877,921816,495948,6881.2m1.3m189,000178,884
10/15 128,96532,649-146,832-370,332-415,014-376,452-260,881-160,592-146,309-124,631-146,930-20,25191,04831,21913,81913,279-16,46694,745118,315
10/11 6,2006,2006,2006,2006,20006,2006,2006,2006,2006,2006,1976,1976,1976,1976,1976,1976,1976,197
100 -----018,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,592
101 -----012,39212,39212,39212,39212,39212,39512,39512,39512,39512,39512,39512,39512,395
11 -----6,200-------------
1100/10 -----6,200-------------
13 26,44926,4491,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,859194,256194,256194,256194,256
130/1 -01,8591,8591,8591,859-------------
130 -----01,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,859
1311 -01,8591,8591,859--------------
1319 -----1,859-------------
133 26,44926,449-------------192,396192,396192,397192,397
14 96,3160-154,891-378,392-423,073-384,511-268,941-168,651-154,368-132,690-154,989-28,30882,99123,1625,763-187,174-216,919-105,708-82,138
17/49 180,150323,709655,935708,392750,874775,358712,901657,182722,485787,371753,779704,748786,873785,276934,8681.2m1.3m94,25560,569
17 114,365238,777555,573644,115699,194716,289641,162597,757662,443676,625681,797635,234686,283701,665737,2381.1m1.2m--
170/4 114,365238,777555,573644,115699,194716,289641,162597,757478,443526,625581,797635,234686,283701,665737,2381.1m1.2m--
178/9 --------184,000150,000100,000--------
42/48 65,78584,93199,64264,21051,68059,06971,54959,42560,042110,74671,98269,514100,59082,811197,630114,26399,09293,18760,569
42 53,91270,62371,78245,07944,36345,87354,61150,93748,18255,15353,62451,04949,71336,32335,32059,17164,80858,500-
43 252--0204470254-1,3151,291652,171-------
430/8 252--0204470254-1,3151,291652,171-------
44 3,0373,98515,9639,1013,0169,1702,2912,6963,6155,3712,61915,7308,1974,0476,50127,6066,9183,30733,479
440/4 3,0373,98515,9639,1013,0169,1702,2912,6963,6155,3712,61915,7308,1974,0476,50127,6066,9183,30733,479
45 7,2356,0929,1856,6262,3192,5602,5723,6005,0128,4081,68956342,68121,69759,3093,0347,3667,57115,220
450/3 7,2356,0929,1856,6262,3192,5602,5723,6005,0128,4081,68956342,68121,69759,3093,0347,3667,57115,220
47/48 1,3484,2312,7123,4041,77899611,8212,1911,91740,52313,985--20,74496,50024,45120,00023,80911,870
492/3 -072067-0190------800---1,068-
Income statement
9900 212,783293,420299,685109,16929,568-45,661-19,68568,77358,932109,257-27,680-15,357185,553112,794196,564117,37559,202-11242,245
630 63,78361,00565,00156,42159,26360,16360,97961,96062,50161,72351,19364,21861,12245,11458,10745,761119,6946,3296,391
631/4 ---0-583----6,588-7,170--------
640/8 2,8047,7903,3202,1602,6372,07110,3342,2702,3322,68012,9908,2906,0813,7142,4464,8444,21610,26410,586
66A -------------3,764-----
9901 146,196224,625231,36450,588-31,749-107,895-90,9984,54368744,854-99,033-87,865118,35063,967136,01166,770-64,707-16,70525,268
75/76B 0----0010546,4518,77910,3336,6491311331
75 0----0010546,4518,77910,3336,6491311331
65/66B 9,05811,9256,6995,2266,0286,9278,41517,82021,51422,30527,15328,17134,34938,74536,51137,03746,5046,8787,802
65 9,05811,9256,6995,2266,0286,9278,41517,82021,51422,30527,15328,17134,34938,74536,51137,03746,5046,8787,802
9903 137,138212,699224,66545,361-37,777-114,822-99,412-13,276-20,82722,554-126,182-109,58692,78031,791106,14829,747-111,211-23,57017,497
67/77 40,82131,5521,1656807857498771,0088512555001,71332,95114,39115,6072---
9904 96,316181,147223,50044,681-38,562-115,571-100,289-14,284-21,67822,299-126,682-111,29959,82917,39990,54129,745-111,211-23,57017,497
9905 96,316181,147223,50044,681-38,562-115,571-100,289-14,284-21,67822,299-126,682-111,29959,82917,39990,54129,745-111,211-23,57017,497
Appropriation of the result
9906 96,31626,255-154,891-378,392-423,073-384,511-268,941-168,651-154,368-132,690-154,989-28,30882,99123,162-96,634-187,174-216,919-105,708-82,138
14P 0-154,891-378,392-423,073---------------
791/2 --------------192,396----
691/2 024,589-----------------
6921 024,589-----------------
694/7 01,666------------90,000----
694 01,666------------90,000----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 7 older financial years (2000-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 02-02-2026.

Download as CSV

Filings

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

2025 annual accounts filed 2 days after the deadline. Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00035946.

Financial year Type Filed Reference Document
30-06-2025 micro format 02-02-2026 2026-00035946 PDF
30-06-2024 micro format 24-12-2024 2024-00625270 PDF
30-06-2023 micro format 23-01-2024 2024-00005095 PDF
30-06-2022 micro format 13-02-2023 2023-00028800 PDF
30-06-2021 micro format 20-12-2021 2021-80700601 PDF
30-06-2020 micro format 16-12-2020 2020-76000346 PDF
30-06-2019 micro format 09-12-2019 2019-75600274 PDF
30-06-2018 micro format 10-12-2018 2018-73900488 PDF
30-06-2017 micro format 22-12-2017 2017-72800521 PDF
30-06-2016 abbreviated format 21-12-2016 2016-70800245 PDF
30-06-2015 abbreviated format 13-01-2016 2016-01300429 PDF
30-06-2014 abbreviated format 13-01-2015 2015-01400334 PDF
30-06-2013 abbreviated format 28-02-2014 2014-05200123 PDF
30-06-2012 abbreviated format 23-01-2013 2013-01200224 PDF
30-06-2011 abbreviated format 03-01-2012 2012-00200523 PDF
30-06-2010 abbreviated format 29-04-2011 2011-09700515 PDF
30-06-2009 abbreviated format 01-04-2010 2010-08600366 PDF
30-06-2008 abbreviated format 05-02-2009 2009-03800019 PDF
30-06-2007 abbreviated format 17-12-2007 2007-83100211 PDF
30-06-2006 abbreviated format 15-12-2006 2006-92004585 PDF
30-06-2005 abbreviated format 21-12-2005 2005-90700976 PDF
30-06-2004 abbreviated format 07-02-2005 2005-04601280 PDF
30-06-2003 abbreviated format 16-02-2004 2004-04601700 PDF
30-06-2002 abbreviated format 30-12-2002 2002-79700378 PDF
30-06-2001 abbreviated format 19-12-2001 2001-76803985 PDF
30-06-2000 abbreviated format 18-12-2000 2000-76402804 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
209,979285,630296,366107,00927,514-47,732-30,01966,50263,188106,577-47,840-23,648179,471109,081194,117112,53154,986-10,37631,659
160,099242,152288,501101,10320,701-55,408-39,31047,67640,82384,022-75,489-47,081120,95162,513148,64775,5068,483-17,24123,888
081,9985,56736,5240069,8372,4842,33675,11825,35719,19060,75612,75080,61554,021759,64313,003-
17,605-134,262190,715-2,709-189954---30,37819,5219,095-20,048-5,7961,7058,1828,5771191,609-
57,10621,419180,447-14,599-24,164-27,771-47,300-11,3468,148-16,157-19,889-13,466103,85459,84135,963372,827470,66253,16382,339
41.7%9.2%-28.8%-109.5%-123.6%-94.4%-57.7%-32.3%-25.4%-18.8%-24.2%-3.0%10.4%3.8%1.5%1.1%-1.3%50.1%66.1%
1.871.252.810.770.530.530.340.811.140.850.720.812.031.721.184.265.751.572.36
1.409.91----------8.6425.1567.6587.71-0.990.51
74.7%554.8%----------65.7%55.7%655.2%224.0%--24.9%14.8%
31.2%50.8%43.9%13.2%-11.5%-29.0%-22.2%-2.9%-3.8%3.4%-20.9%-16.3%6.8%2.1%9.5%2.5%-8.9%-12.5%9.8%
23.1823.9544.2420.47---------------

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.

Securities and guarantees

on own assets and for others
Item30-06-202530-06-202430-06-202330-06-2022
Mortgages, amount registered€150,000€150,000€150,000€150,000
Carrying value of the mortgaged assets€101,250€135,000€168,750€202,500

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item30-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets-€81,998€5,567€36,524
€63,783€61,005€65,001€56,421

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on TWO

The operating result for 2025 is 35% lower than in 2024 and the lowest since 2022. It is the second fall in a row.

Debt's share of the balance-sheet total falls from 90.8% to 58.3%. Equity is higher and debt is lower.

Next steps

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