Equity
Equity rose in 2025 from €82,029 to €135,484.
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Equity rose in 2025 from €82,029 to €135,484.
The micro format states no turnover.
Green is investment, beige is depreciation.
Short-term debts fell from €36,324 to €23,252.
Higher solvency than 86% of companies in wholesale trade. Sector median 40.4% · 13,807 companies.
In July 2024, 39,278 companies had the same profile as TWO ORANGES has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 39,278 companies, not a prediction for TWO ORANGES. 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.
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| Company | ||||
|---|---|---|---|---|
| TWO ORANGES Waregem | €158,736 | €96,237 | 85.4% | - |
| TIMA SERVICES Namur | €174,635 | €91,443 | 88.5% | - |
| DDL Management Bonheiden | €173,499 | €80,753 | 75.6% | - |
| Reniv Hasselt | €165,198 | €118,761 | 26.0% | - |
| F SALES PARTNERS Saint-Ghislain | €166,613 | €68,941 | 85.5% | - |
| SMBe-partner Geer | €139,654 | €72,898 | 52.5% | - |
| JUX Real Estate Duffel | €177,121 | €69,374 | 55.4% | - |
These companies have the same main activity as TWO ORANGES: agents specialised in the wholesale of other particular products (NACE 46180). They are comparable in size and age: total assets between €140,000 and €177,000, founded between 2022 and 2023.
TWO ORANGES files the micro format. That format states no turnover. The gross margin rose from €58,223 in 2023 to €96,237 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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