TWO BROTHERS

Active

Private limited companyfounded 20233 yrs activeSantvoortbeeklaan 25, 2100 Antwerpen, BelgiumKBO/BCE: BE 0795.702.480

Summary

The computed 12-month bankruptcy probability of TWO BROTHERS is 7.7% (elevated). The 2025 annual accounts show negative equity (-€834) and a net result of €14,469. Equity is growing by ~47.2% per year across the filed fiscal years. Its solvency ranks better than 12% of 975 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Risk analysisWatch Report Compare

TWO BROTHERSActiveChecked score 34/100

Risk analysis Report Compare

Activity

Artisanal bread and fresh pastry making

NACE 10712

1 site

Size

€66,653turnover 2025

Equity: -€834
Profit: €14,469

Financial health

34 Weak Checked score 2025

Bankruptcy chance 12 m: 7.7%

Structure

Accounts 31 d early1 of 2 deeds read

Why 34- Founded in 2023- Sector Manufacture of food products (NACE 10)- Ex-officio strike-off in the KBO- Liquidity: current ratio 0.94, cash €126Show the evidence

Checked score

Score 2025

34 / 100

Weak

Probability in this band: 4.2% to 15.0%

Better than 41% of its sector peers (NACE 10, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 22+22

equity -3.3% of total assets

Liquidity 1-4

short-term debt 103.3% · cash 0.5%

Profitability 100+72

return on assets 57.9%

Bankruptcy probability, 12 months

7.7% Elevated

0%0.5%1.5%4%10%≥ 25%

About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.1% (3,044 companies)

Last 24 months 11-2024: 4.1%lowest value 12-2024: 4.3%▲ +4.0% vs 11-2024 01-2025: 4.4%▲ +1.7% vs 12-2024 02-2025: 4.5%▲ +2.0% vs 01-2025 03-2025: 4.5%● 0.0% vs 02-2025 04-2025: 4.5%▲ +1.4% vs 03-2025 05-2025: 4.5%● 0.0% vs 04-2025 06-2025: 4.5%▼ -0.2% vs 05-2025 07-2025: 4.8%▲ +5.6% vs 06-2025 08-2025: 4.5%▼ -5.8% vs 07-2025 09-2025: 4.4%▼ -1.5% vs 08-2025 10-2025: 4.4%● 0.0% vs 09-2025 11-2025: 4.4%● 0.0% vs 10-2025 12-2025: 4.4%● 0.0% vs 11-2025 01-2026: 4.5%▲ +1.7% vs 12-2025 02-2026: 4.5%▲ +0.8% vs 01-2026 03-2026: 4.6%▲ +0.7% vs 02-2026 04-2026: 4.7%▲ +3.8% vs 03-2026 05-2026: 4.8%▲ +1.4% vs 04-2026 06-2026: 4.8%▼ -0.2% vs 05-2026 07-2026: 5.0%▲ +4.8% vs 06-2026 08-2026: 5.0%● 0.0% vs 07-2026 09-2026: 7.7%▲ +53.5% vs 08-2026highest value 10-2026: 7.7%▼ -0.7% vs 09-2026

Founded in 2023 raises the probability for this profile
Sector Manufacture of food products (NACE 10) raises the probability
Ex-officio strike-off in the KBO raises the probability
Liquidity: current ratio 0.94, cash €126 raises the probability

No credit on open account

Liquidity short (current ratio 0.94; short-term debt: 103.3% and cash: 0.5% of total assets), and equity is negative.

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 10, micro). Better than this share of them on solvency 18%, liquidity 2%, profitability 95%, growth against the median 49%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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.

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Signals

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

+raises risk○neutral

Founded in 2023

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

KBO

Sector Manufacture of food products (NACE 10)

In the bankruptcy model this factor raises the probability.

KBO

Ex-officio strike-off in the KBO

In the bankruptcy model this factor raises the probability.

KBO publications

Liquidity: current ratio 0.94, cash €126

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 975 sector peers (2025).

NBB · sector comparison

Position among 975 sector peers

Solvency

better than 12%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

31 d early

2024

34 d early

2023

6 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

Administrative warnings in the KBO publications

1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.

KBO publications

Publications

Address struck

Checked, nothing found (1)

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 30 June (3 of the last 3 filed years within 38 days of that day).

Companies Code · seven months

Position in the running window

04-10-2026 today31-12-2026 close31-07-2027 deadline

17-09-26 General meeting · Registered-office moveDirector in office
31-08-26 Address struckevent 12-06-2026
30-06-26 Annual accounts filedfiscal year 2025 · abbreviated…

Key points

Risk: Negative equityfiscal year 2025: debts exceed assets -€834 View
Caution: Among the weakest 12% on solvencysector median 33.6% · 975 companies -3.3% View
Turnover 20253 fiscal years filed €66,653 View