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Two good guys

Active
Private limited companyfounded 2025active for 1 yearKolonel Van Gelestraat 101, 1040 Etterbeek, BelgiumKBO/BCE: BE 1027.995.607
Summary

The computed 12-month bankruptcy probability of Two good guys is 2.6% (moderate). The 2025 annual accounts show equity of €5,305 and a net result of €305. Its solvency ranks better than 57% of 1,867 sector peers (NACE 10, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

2025 annual accounts filed late (60 days) Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00529227.

Equity
€5,305
Total assets
€13,879
Net result
€305
Working capital
-€2,357

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €13,879
Fixed assets €7,661
Current assets €6,218
Equity and liabilities €13,879
Equity €5,305
Debt €8,575
Debt finances 61.8% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€616
Cash flow
€534
Current ratio
0.73
Debt to equity
1.62
ROE
5.7%
ROA
2.2%
Interest coverage
over 100
Debt ≤ 1 year
€8,575
Income taxes
€76

Peer companies

Historical observation

Of the 185 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 98.9% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
0.5% stopped otherwise
98.9% still going

For this company itself Checked computes a higher bankruptcy probability: 2.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 185 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€13,879
Fixed assets21/28€7,661
Tangible fixed assets22/27€7,661
Plant, machinery and equipment23€5,172
Other tangible fixed assets26€2,490
Current assets29/58€6,218
Amounts receivable within one year40/41€1,643
Trade receivables40€611
Other amounts receivable41€1,032
Cash at bank and in hand54/58€4,575
Equity and liabilities
Total equity and liabilities10/49€13,879
Equity10/15€5,305
Contributions10/11€5,000
Reserves13€305
Distributable reserves133€305
Amounts payable17/49€8,575
Amounts payable within one year42/48€8,575
Trade debts44€974
Suppliers440/4€974
Taxes, remuneration and social security45€76
Taxes450/3€76
Other amounts payable47/48€7,525
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€230
Gross operating margin9900€616
Operating profit (loss)9901€386
Financial charges65/66B€5
Recurring financial charges65€5
Profit (loss) for the period before taxes9903€381
Income taxes67/77€76
Profit (loss) for the period9904€305
Profit (loss) for the period to be appropriated9905€305
Appropriation of the result
Profit (loss) to be appropriated9906€305
Transfer to equity691/2€305
To other reserves6921€305

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€230
Gross operating margin9900€616
Operating profit (loss)9901€386
Financial charges65/66B€5
Recurring financial charges65€5
Profit (loss) for the period before taxes9903€381
Income taxes67/77€76
Profit (loss) for the period9904€305
Profit (loss) for the period to be appropriated9905€305
Line2025
Assets
Total assets20/58€13,879
Fixed assets21/28€7,661
Tangible fixed assets22/27€7,661
Plant, machinery and equipment23€5,172
Other tangible fixed assets26€2,490
Current assets29/58€6,218
Amounts receivable within one year40/41€1,643
Trade receivables40€611
Other amounts receivable41€1,032
Cash at bank and in hand54/58€4,575
Equity and liabilities
Total equity and liabilities10/49€13,879
Equity10/15€5,305
Contributions10/11€5,000
Reserves13€305
Distributable reserves133€305
Amounts payable17/49€8,575
Amounts payable within one year42/48€8,575
Trade debts44€974
Suppliers440/4€974
Taxes, remuneration and social security45€76
Taxes450/3€76
Other amounts payable47/48€7,525
Line2025
Profit (loss) for the period9904€305
+ Depreciation and write-downs630€230
Operating cash flow (approximation)€534

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 29-09-2026 2026-00529227

Similar companies · same sector, comparable size

Of the 722 active companies whose main activity is manufacture of cocoa, chocolate and sugar confectionery (NACE 10820), figures are known for 358. 88 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.