TWO SPICES CONSULTING
ActiveTWO SPICES CONSULTING has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35k and a net result of €4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 64% of 31642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-20
Solvency95▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.46 against 2.17 in 2024; short-term debt: 30.5% and cash: 0.4% of total assets), and 30.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.5%
Return on assets
8.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
15 d early
2024
44 d early
2023
41 d early
2022
322 d late
2021
14 d late
2020
31 d late
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€35k▲ 14.2%
2024 · €30k
2020: €3k
2021: €-8k
2022: €-6k
2023: €-8k
2024: €30k
2020 → 2025
Total assets
€50k▼ 4.6%
2024 · €52k
2020: €17k
2021: €6k
2022: €1k
2023: €1k
2024: €52k
2020 → 2025
Net result
€4k▼ 88.7%
2024 · €38k
2020: €3k
2021: €-10k
2022: €2k
2023: €-2k
2024: €38k
2020 → 2025
Working capital
€22k▼ 13.4%
2024 · €26k
2020: €695
2021: €-9k
2022: €-6k
2023: €-8k
2024: €26k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-8k-€-6k▲ 25.6%€-8k▼ 37.3%€30k€35k▲ 14.2%
Operating result€-8k-€2k€-2k€48k€6k▼ 87.4%
Net result€-10k-€2k€-2k€38k€4k▼ 88.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 87% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €50k
Fixed assets
€12k▲ 163%
Current assets
€37k▼ 21.4%
Equity and liabilities €50k
Equity
€35k▲ 14.2%
Debt
€15k▼ 30.8%
The debt ratio falls from 41.9% to 30.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▼
2024 · €48k
Cash flow
€7k▼
2024 · €38k
Solvency
69.5%▲
2024 · 58.1%
Current ratio
2.46▲
2024 · 2.17
Quick ratio
2.46▲
2024 · 2.17
Debt / equity
0.44▼
2024 · 0.72
ROE
12.5%▼
2024 · 125.3%
ROA
8.7%▼
2024 · 72.8%
Interest coverage
9.96▼
2024 · 77.97
Debt
€15k▼
2024 · €22k
Debt ≤ 1 year
€15k▼
2024 · €22k
Income taxes
€3k▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€52k€50k▼
Fixed assets21/28€5k€12k▲
Tangible fixed assets22/27€2k€7k▲
Furniture and vehicles24€2k€7k▲
Financial fixed assets28€3k€6k▲
Current assets29/58€48k€37k▼
Amounts receivable within one year40/41€42k€37k▼
Trade receivables40€13k€3k▼
Other amounts receivable41€28k€34k▲
Cash at bank and in hand54/58€6k€197▼
Deferred charges and accrued income490/1-€62
Equity and liabilities
Total equity and liabilities10/49€52k€50k▼
Equity10/15€30k€35k▲
Contributions10/11€50€50=
Profit (loss) carried forward14€30k€35k▲
Amounts payable17/49€22k€15k▼
Amounts payable within one year42/48€22k€15k▼
Trade debts44€695€4k▲
Suppliers440/4€695€4k▲
Taxes, remuneration and social security45€21k€12k▼
Taxes450/3€21k€12k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€198€3k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€50k€10k▼
Operating profit (loss)9901€48k€6k▼
Financial income75/76B€13€2k▲
Recurring financial income75€13€2k▲
Financial charges65/66B€614€864▲
Recurring financial charges65€614€864▲
Profit (loss) for the period before taxes9903€47k€7k▼
Income taxes67/77€9k€3k▼
Profit (loss) for the period9904€38k€4k▼
Profit (loss) for the period to be appropriated9905€38k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€35k▲
Profit (loss) brought forward from the previous period14P€-8k€30k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
31-12
Financial
Liquidity times 18current ratio 2.17
Current ratio from 0.12 to 2.17.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
17-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 322 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 14 days late
2021
31-12
Financial
Weakest financial yearnet €-10k ▼502%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bellevuestraat 601000 BrusselGround area
203 m²
Building footprint
176 m²
Volume, LiDAR
2,723 m³
Parcel 21807G0218/00Y015, Brussels · tallest building 22.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Bellevuestraat 60, 1000 Brussel
since 20202.299.952.449
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0218/00Y015 | Brussels | 203 m² | 1 · 176 m² | 22.9 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 35,558 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-02-2020
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.