TWO STUDIOS
ActiveTWO STUDIOS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €119k and a net result of €28k. Equity is growing by ~32.7% per year across the filed fiscal years. Its solvency ranks better than 90% of 4357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability95▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 7.95 against 5.64 in 2023; short-term debt: 10.7% and cash: 25.6% of total assets), and 10.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
33 d early
2022
38 d early
2021
24 d early
2020
44 d early
2019
60 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€119k▲ 26.8%
2023 · €93k
2018: €22k
2019: €25k
2020: €78k
2021: €75k
2022: €68k
2023: €93k
2018 → 2024
Total assets
€133k▲ 21.8%
2023 · €109k
2018: €188k
2019: €173k
2020: €115k
2021: €86k
2022: €76k
2023: €109k
2018 → 2024
Net result
€28k▼ 0.2%
2023 · €28k
2018: €3k
2019: €4k
2020: €53k
2021: €-3k
2022: €-8k
2023: €28k
2018 → 2024
Working capital
€99k▲ 37.1%
2023 · €72k
2018: €-2k
2019: €9k
2020: €60k
2021: €53k
2022: €43k
2023: €72k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€78k-€75k▼ 4.0%€68k▼ 10.1%€93k▲ 38.2%€119k▲ 26.8%
Operating result€88k-€-3k€-8k▼ 137%€40k€40k▲ 0.5%
Net result€53k-€-3k€-8k▼ 144%€28k€28k▼ 0.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 1% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €133k
Fixed assets
€20k▼ 7.7%
Current assets
€113k▲ 29.0%
Equity and liabilities €133k
Equity
€119k▲ 26.8%
Debt
€14k▼ 8.6%
The debt ratio falls from 14.2% to 10.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43k=
2023 · €43k
Cash flow
€31k▼
2023 · €32k
Solvency
89.3%▲
2023 · 85.8%
Current ratio
7.95▲
2023 · 5.64
Quick ratio
7.95▲
2023 · 5.64
Debt / equity
0.12▼
2023 · 0.17
ROE
23.8%▼
2023 · 30.2%
ROA
21.2%▼
2023 · 25.9%
Interest coverage
313.66▲
2023 · 189.95
Debt
€14k▼
2023 · €16k
Debt ≤ 1 year
€14k▼
2023 · €16k
Income taxes
€14k▲
2023 · €13k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€109k€133k▲
Fixed assets21/28€22k€20k▼
Intangible fixed assets21€1€1=
Tangible fixed assets22/27€22k€20k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€20k€19k▼
Current assets29/58€87k€113k▲
Amounts receivable within one year40/41€40k€79k▲
Trade receivables40€14k€13k▼
Other amounts receivable41€25k€66k▲
Cash at bank and in hand54/58€48k€34k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€109k€133k▲
Equity10/15€93k€119k▲
Contributions10/11€19k€19k=
Reserves13€75k€100k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€75k€100k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€16k€14k▼
Amounts payable within one year42/48€16k€14k▼
Trade debts44€7k€5k▼
Suppliers440/4€7k€5k▼
Taxes, remuneration and social security45€7k€6k▼
Taxes450/3€6k€5k▼
Remuneration and social security454/9€950€950=
Other amounts payable47/48€2k€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€45k€44k▼
Operating profit (loss)9901€40k€40k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€228€138▼
Recurring financial charges65€228€138▼
Profit (loss) for the period before taxes9903€41k€42k▲
Income taxes67/77€13k€14k▲
Profit (loss) for the period9904€28k€28k▼
Profit (loss) for the period to be appropriated9905€28k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€28k▲
Profit (loss) brought forward from the previous period14P€-10k€0▲
Transfer from equity791/2€3k€3k▼
Transfer to equity691/2€19k€28k▲
To other reserves6921€19k€28k▲
Profit to be distributed694/7€2k€3k▲
Return on contributions (dividend)694€2k€3k▲
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
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €119k ▲26.8%
2 profitable years in a row build equity to €119k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €28k
Net result €28k after 2 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 6.10
Current ratio from 2.61 to 6.10; short-term debt falls from €37k to €10k.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €53k ▲1407%
Operating result €88k, net result €53k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.61
Current ratio from 1.19 to 2.61; short-term debt falls from €50k to €37k.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Malle · 1 establishment unit since 2011
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.
Hallebaan 1242390 MalleGround area
1,525 m²
Building footprint
237 m²
Volume, LiDAR
1,329 m³
Parcel 11049B0534/00A000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Two Studios
since 20112.207.917.958
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049B0534/00A000 | Flanders | 1,525 m² | 1 · 237 m² | 6.9 m · 2 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.
Similar companies · same sector, comparable size
LETTERSOEP
BE 0827.412.374
Antwerpen · Eq €118k
BSBELETTERING
BE 0688.676.541
Rumst · Eq €118k
CA VA ALORS
BE 0742.549.252
Schaarbeek · Eq €118k
Formando
BE 0729.632.119
Genk · Eq €120k
Vodelio
BE 0688.855.297
Zaventem · Eq €121k
Of 6,296 companies in sector 74120 we hold annual accounts for 1,010. 791 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-11-2011
Fiscal year end31-12
Activities, NACEBEL
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.