TwoB · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of TwoB is 5.7% (elevated). The 2025 annual accounts show equity of €118k and a net result of €14k. Equity is growing by ~37.9% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

5.7% Elevated

0%0,5%1,5%4%10%≥25%

Young company +No NACE activity registered +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Trust signals

3 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events

No administrative flags

Financials

Turnover€247k-5.6%

EBIT margin16.4%-12.1pp

Net result€14k-78.4%

Working capital€-831k-9.3%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 29-05-2026 with the NBB · fiscal year 2025 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~37.9%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Revenue

€247k

-5.6% 23-25

EBITDA

€174k

-3.3% 23-25

Net profit

€14k

-78.4% 23-25

Cash flow

€148k

-13.5% 23-25

Total assets

€1.35M

+0.6% 23-25

Equity

€118k

+13.5% 23-25

Working capital

€-831k

-9.3% 23-25

Income taxes

€17k

- 23-25

Debt

€1.23M

-0.5% 23-25

Debt ≤ 1y

€861k

+8.0% 23-25

Debt > 1y

€366k

-16.1% 23-25

Current ratio

0.03

-25.4% 23-25

Quick ratio

0.03

-25.4% 23-25

Solvency

8.8%

+12.8% 23-25

Debt / equity

10.36

-12.3% 23-25

ROE

11.9%

-81.0% 23-25

ROA

1.0%

-78.5% 23-25

Net margin

5.7%

-77.1% 23-25

EBITDA margin

70.6%

+2.5% 23-25

Interest coverage

18.05

-4.9% 23-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Revenue	€247k
EBITDA	€174k
Net profit	€14k
Cash flow	€148k
Staff costs	-
Income taxes	€17k
Dividends	-
Total assets	€1.35M
Equity	€118k
Debt	€1.23M
of which ≤ 1y	€861k
of which > 1y	€366k
Working capital	€-831k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	0.03
Quick ratio	0.03
Working capital ratio	-61.8%
Solvency	8.8%
Debt / equity	10.36
Long-term debt ratio	3.09
Interest coverage	18.05
Gross margin	72.7%
Net margin	5.7%
ROA	1.0%
ROE	11.9%
EBITDA margin	70.6%
Days sales outstanding	0d
Days payable outstanding	353d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €1.32M · 97.8% Current assets €30k · 2.2%

Equity & liabilities

Equity €118k · 8.8% Debt €1.23M · 91.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.35M
Fixed assets	21/28	€1.32M
Intangible fixed assets	21	€160k
Tangible fixed assets	22/27	€1.16M
Financial fixed assets	28	€100
Current assets	29/58	€30k
Amounts receivable within one year	40/41	€14k
Cash & bank	54/58	€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.35M
Equity	10/15	€118k
Contributions / capital	10/11	€50k
Accumulated profits (losses)	14	€68k
Amounts payable	17/49	€1.23M
Amounts payable after one year	17	€366k
Amounts payable within one year	42/48	€861k
Trade debts payable within one year	44	€65k
Income statement
Turnover	70	€247k
Gross operating margin	9900	€179k
Operating result	9901	€41k
Financial charges	65	€10k
Result before taxes	9903	€31k
Income taxes	67/77	€17k
Net result for the period	9904	€14k
Result to be appropriated	9905	€14k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

51 / 100 Fair

050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →

Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Structure & network

Locations & real estate

Establishment units

2 locations

Jachtlaan 133/135, 1040 Etterbeek

Handel in eigen onroerend goed

since 20212.327.458.976

Avenue de la Corniche 74, 1310 La Hulpe

Handel in eigen onroerend goed

since 20212.327.569.636

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area3,050 m²

Buildings2

Building footprint398 m²

Volume (LiDAR)3,288 m³

Tallest building17.8 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25050F0015/00R013	Wallonia	2,975 m²	1 · 335 m²	10.2 m · 2 fl.
21364B0183/00H003	Brussels	75 m²	1 · 63 m²	17.8 m · 5 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Analysis

Snowflake analysis

financial profile on 5 axes

55 / 100

Mixed profile: strong on stability, weaker on solvency.

Health 51

Profitability 71

Solvency 6

Growth 52

Stability 94

Ask AI about this company

Checked AI

Soon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.

TryWhat are the main risks?Any recent red flags?Compare to sector peers

Coming soon

AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon

AI-generated from Checked data; indicative, not legal or investment advice.

Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameFR

TwoB

Registered office

Jachtlaan 133/135

1040 Etterbeek, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.