Two4Two
ActiveSummary
Two4Two has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €251,498 and a net result of -€67,012. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 32% of 13,692 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- €251,498
- Loss
- -€67,012
- Parent
- COMMENTAG · 100%
- Holdings
- 5
Why 81raises riskLiquidity: current ratio 0.09, cash €1,477, halvedLoss of €67,012, the second in a row (financial year 2025)lowers riskSize: total assets €1.5mFounded in 1991Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 29% on solvency, 7% on liquidity, 24% on profitability and 18% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 39 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€67,012
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result returns to profit in 2025: €39,650 after a loss of €24,595 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 0.8% |
| Gross operating margin9900 | €0.02m | €0.007m | -€0.008m | -€0.2m | -€0.04m | -€0.02m | €0.04m | - |
| Operating profit (loss)9901 | €0.02m | €0.007m | -€0.009m | -€0.2m | -€0.04m | -€0.02m | €0.04m | - |
| Financial income75/76B | - | - | - | €18.6m | - | - | €140 | - |
| Recurring financial income75 | - | - | €4 | €18.6m | - | - | €140 | - |
| Non-recurring financial income76B | - | - | - | €18.6m | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.4m | €464 | €492 | €497 | ▲ 1.0% |
| Recurring financial charges65 | €0.02m | €0.01m | €0.007m | €0.02m | €464 | €492 | €497 | ▲ 1.0% |
| Non-recurring financial charges66B | - | - | - | €0.4m | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €196 | -€0.004m | -€0.02m | €17.9m | -€0.04m | -€0.03m | €0.04m | - |
| Income taxes67/77 | €0.001m | €56 | - | - | - | - | €0.1m | - |
| Profit (loss) for the period9904 | -€0.001m | -€0.004m | -€0.02m | €17.9m | -€0.04m | -€0.03m | -€0.07m | ▼ 167% |
| Profit (loss) for the period to be appropriated9905 | -€0.001m | -€0.004m | -€0.02m | €17.9m | -€0.04m | -€0.03m | -€0.07m | ▼ 167% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.6m | €1.7m | €1.9m | €1.6m | €1.5m | €1.5m | €1.5m | ▼ 2.8% |
| Fixed assets21/28 | €1.0m | €0.9m | €1.0m | €1.0m | €1.3m | €1.4m | €1.4m | = |
| Financial fixed assets28 | €1.0m | €0.9m | €1.0m | €1.0m | €1.3m | €1.4m | €1.4m | = |
| Current assets29/58 | €0.6m | €0.9m | €0.9m | €0.6m | €0.2m | €0.2m | €0.1m | ▼ 27.4% |
| Amounts receivable within one year40/41 | €0.6m | €0.9m | €0.9m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 4.8% |
| Trade receivables40 | - | - | - | €168 | €0.01m | - | - | - |
| Other amounts receivable41 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 4.8% |
| Cash at bank and in hand54/58 | €63 | €8 | €0.02m | €0.5m | €0.07m | €0.04m | €0.001m | ▼ 96.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €10 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.6m | €1.7m | €1.9m | €1.6m | €1.5m | €1.5m | €1.5m | ▼ 2.8% |
| Equity10/15 | €0.07m | €0.07m | €0.05m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 21.0% |
| Contributions10/11 | €0.06m | €0.06m | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | €0.001m | -€0.002m | -€0.02m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 26.8% |
| Amounts payable17/49 | €1.5m | €1.7m | €1.9m | €1.2m | €1.2m | €1.2m | €1.2m | ▲ 2.1% |
| Amounts payable after more than one year17 | €0.2m | €0.2m | €0.2m | - | - | - | - | - |
| Amounts payable within one year42/48 | €1.3m | €1.5m | €1.7m | €1.2m | €1.2m | €1.2m | €1.2m | ▲ 2.1% |
| Trade debts44 | €0.4m | €0.2m | €0.1m | €430 | €0.001m | €0.001m | €0.02m | ▲ 31× |
| Suppliers440/4 | - | - | - | €430 | €0.001m | €0.001m | €0.02m | ▲ 31× |
| Other amounts payable47/48 | - | - | - | €1.2m | €1.2m | €1.2m | €1.2m | ▲ 0.5% |
| Accrued charges and deferred income492/3 | - | - | - | €19 | €24 | €24 | €20 | ▼ 15.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.001m | -€0.004m | -€0.02m | €17.9m | -€0.04m | -€0.03m | -€0.07m | ▼ 167% |
| Operating cash flow (approximation) | -€0.001m | -€0.004m | -€0.02m | €17.9m | -€0.04m | -€0.03m | -€0.07m | ▼ 167% |
| Investment in fixed assets (approximation) | - | €0.1m | -€0.1m | €0.04m | -€0.4m | -€0.002m | €0 | - |
| Change in cash | - | -€55 | €0.02m | €0.5m | -€0.5m | -€0.03m | -€0.04m | ▼ 5.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 26-01-2026 | 2026-00013671 |
| 30-06-2024 | micro format | 29-01-2025 | 2025-00014797 |
| 30-06-2023 | micro format | 20-11-2023 | 2023-00513468 |
| 30-06-2022 | micro format | 06-12-2022 | 2022-20532605 |
| 30-06-2021 | micro format | 16-11-2021 | 2021-77500066 |
| 30-06-2020 | micro format | 24-12-2020 | 2020-77000286 |
| 30-06-2019 | micro format | 06-01-2020 | 2020-00300003 |
| 30-06-2018 | micro format | 03-12-2018 | 2018-73400502 |
| 30-06-2017 | micro format | 26-10-2017 | 2017-68000020 |
| 30-06-2016 | full format | 15-12-2016 | 2016-70100052 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Thierry DE KEPPER |
|
Owners and capital
Owners
2 ownersChain of control
- COMMENTAG
- Two4Two
Highest known parent: COMMENTAG. The sources do not say who stands above it.
Owners 2
- COMMENTAGparentSourceaccounts COMMENTAG 2024100%
- MEDIADREAMSparent100%
According to the annual accounts to 30-06-2025 of Two4Two and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Holdings and subsidiaries
5 holdings · 2 subsidiaries in the treeHoldings 5
Source for every holding own accounts 30-06-2025
- THE MEDIA GROUPsubsidiaryEquity €1.4mResult €37,370100%
- Equity €1.2mResult €754,32532.2%
- Equity €35,713Result -€107,44625.17%
- Equity €106,403Result €634,7460.69%
- Growth KitchenGBEquity GBP 26,490Result GBP 3.0m0.5%
All subsidiaries, including indirect ones 2
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
THE MEDIA GROUP 100%1 subsidiary
- LA CENSE 100%
According to the annual accounts to 30-06-2025 of Two4Two and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
The board mandates are listed below; here you explore them as a network.
Board mandates elsewhere
3 board mandatesHistory
Acts, filings and financial milestones
28-11
Gazette deed
Resignation: Thierry DE KEPPER (director)2 facts ▸
- General meeting, 13-10-2023
- Director resignation, Thierry DE KEPPER (director)
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21612D0331/00V000 | Brussels | 192 m² | 1 · 82 m² | 6.6 m · 2 |