Skip to content

TWO IS ONE

Inactive
KBO/BCE: BE 0731.989.021

TWO IS ONE was declared bankrupt on 24-04-2025 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 17-03-2026, published in the Belgian Official Gazette on 23-03-2026.

Summary

Inactive; last annual accounts for financial year 2023.

TWO IS ONEInactive

Financials · financial year 2023, micro format

Equity
€30▼ 99.9%
2022 · €26,450
Total assets
€1,180▼ 98.4%
2022 · €75,007
Net result
-€26,420▼ 416%
2022 · -€5,123
Working capital
€30
2022 · -€3,348
Trend over the years

2020 to 2023, 4 financial years

The operating result stays negative: a loss of €26,264 in 2023 against €2,691 in 2022; the loss grows.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€26,264 2023 Net result-€26,420 2023

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2020202120222023
Operating result-€54,662-€9,586-€2,691-€26,264▼ 876%
Net result-€54,782-€9,355-€5,123-€26,420▼ 416%
Equity€22,218-€31,573▲ 42.1%€26,450▼ 16.2%€30▼ 99.9%
Total assets€90,396-€106,237▲ 17.5%€75,007▼ 29.4%€1,180▼ 98.4%
Debt€68,178-€74,664▲ 9.5%€48,557▼ 35.0%€1,150▼ 97.6%
Working capital-€60,265--€28,124▲ 53.3%-€3,348▲ 88.1%€30
Staff (FTE)1
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €1,180
Equity €30 ▼ 99.9%
Debt €1,150 ▼ 97.6%
Debt's share of the balance-sheet total rises from 64.7% to 97.5%. Equity and debt are lower.
Key figures and ratios
2023 value · change against 2022
Debt ≤ 1 year
€1,150▼
2022 · €48,557
Ratios withheld: a balance sheet total of €1,180 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 35 lines
Balance sheet Code20222023
Assets
Total assets20/58€75,007€1,180▼
Fixed assets21/28€29,798-
Intangible fixed assets21€29,798-
Current assets29/58€45,209€1,180▼
Amounts receivable within one year40/41€43,366€1,179▼
Trade receivables40€41,116€466▼
Other amounts receivable41€2,250€713▼
Cash at bank and in hand54/58€1,843€1▼
Equity and liabilities
Total equity and liabilities10/49€75,007€1,180▼
Equity10/15€26,450€30▼
Contributions10/11€77,000€77,000=
Profit (loss) carried forward14-€50,550-€76,970▼
Amounts payable17/49€48,557€1,150▼
Amounts payable within one year42/48€48,557€1,150▼
Current portion of amounts payable after more than one year42€12,150-
Trade debts44€32,420-
Suppliers440/4€32,420-
Taxes, remuneration and social security45€2,969-
Taxes450/3€2,969-
Other amounts payable47/48€1,018€1,150▲
Income statement Code20222023
Remuneration, social security and pensions62€140-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29,761-
Other operating charges640/8€102€109▲
Non-recurring operating charges66A-€9,798
Gross operating margin9900€27,312-€16,357▼
Operating profit (loss)9901-€2,691-€26,264▼
Financial income75/76B€4,007€1▼
Recurring financial income75€4,007€1▼
Financial charges65/66B€6,439€157▼
Recurring financial charges65€6,439€157▼
Profit (loss) for the period before taxes9903-€5,123-€26,420▼
Profit (loss) for the period9904-€5,123-€26,420▼
Profit (loss) for the period to be appropriated9905-€5,123-€26,420▼
Appropriation of the result
Profit (loss) to be appropriated9906-€50,550-€76,970▼
Profit (loss) brought forward from the previous period14P-€45,427-€50,550▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2020202120222023Change
Remuneration, social security and pensions62-€2,322€140--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€29,724€29,761--
Other operating charges640/8-€201€102€109▲ 6.9%
Non-recurring operating charges66A---€9,798-
Gross operating margin9900-€54,562€41,833€27,312-€16,357-
Operating profit (loss)9901-€54,662€9,586-€2,691-€26,264▼ 876%
Financial income75/76B-€3€4,007€1▼ 100.0%
Recurring financial income75€3€3€4,007€1▼ 100.0%
Financial charges65/66B-€234€6,439€157▼ 97.6%
Recurring financial charges65€123€234€6,439€157▼ 97.6%
Profit (loss) for the period before taxes9903-€54,782€9,355-€5,123-€26,420▼ 416%
Profit (loss) for the period9904-€54,782€9,355-€5,123-€26,420▼ 416%
Profit (loss) for the period to be appropriated9905-€54,782€9,355-€5,123-€26,420▼ 416%
Line2020202120222023Change
Assets
Total assets20/58€90,396€106,237€75,007€1,180▼ 98.4%
Fixed assets21/28€82,483€59,697€29,798--
Intangible fixed assets21€82,345€59,559€29,798--
Financial fixed assets28€138€138---
Current assets29/58€7,913€46,540€45,209€1,180▼ 97.4%
Amounts receivable within one year40/41€1,367€43,064€43,366€1,179▼ 97.3%
Trade receivables40-€42,237€41,116€466▼ 98.9%
Other amounts receivable41-€827€2,250€713▼ 68.3%
Cash at bank and in hand54/58€6,546€3,476€1,843€1▼ 99.9%
Equity and liabilities
Total equity and liabilities10/49€90,396€106,237€75,007€1,180▼ 98.4%
Equity10/15€22,218€31,573€26,450€30▼ 99.9%
Contributions10/11-€77,000€77,000€77,000=
Profit (loss) carried forward14-€54,782-€45,427-€50,550-€76,970▼ 52.3%
Amounts payable17/49€68,178€74,664€48,557€1,150▼ 97.6%
Amounts payable within one year42/48€68,178€74,664€48,557€1,150▼ 97.6%
Current portion of amounts payable after more than one year42-€8,300€12,150--
Trade debts44€27,980€28,440€32,420--
Suppliers440/4-€28,440€32,420--
Taxes, remuneration and social security45-€213€2,969--
Taxes450/3--€2,969--
Remuneration and social security454/9-€213---
Other amounts payable47/48-€37,711€1,018€1,150▲ 13.0%
Line2020202120222023Change
Profit (loss) for the period9904-€54,782€9,355-€5,123-€26,420▼ 416%
+ Depreciation and write-downs630-€29,724€29,761--
Operating cash flow (approximation)-€54,782€39,079€24,638-€26,420-
Investment in fixed assets (approximation)--€6,938€138--
Change in cash--€3,070-€1,633-€1,842▼ 12.8%

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

Download as CSV

Filings with the National Bank (4)
Financial year Type Filed Reference
31-12-2023 micro format 14-06-2024 2024-00134403
31-12-2022 micro format 03-08-2023 2023-00310706
31-12-2021 micro format 18-08-2022 2022-20294250
31-12-2020 micro format 25-08-2021 2021-55100498

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