TwoB
ActiveSummary
The computed 12-month bankruptcy probability of TwoB is 5.6% (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.
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-3
Solvency34▲+1
Growth52=
Track record94
Bankruptcy probability, 12 months
5.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.03 against 0.05 in 2024; short-term debt: 64% and cash: 0.5% of total assets), and 91.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
8.8%
Return on assets
1%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-05-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
29 d late
2024
15 d late
2023
100 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
History
Financials · fiscal year 2025, full schema
Turnover
€247k▼ 5.6%
2024 · €261k
EBIT margin
16.4%▼ 12.1pp
2024 · 28.5%
Net result
€14k▼ 78.4%
2024 · €65k
Working capital
€-831k▼ 9.3%
2024 · €-761k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Turnover€343k-€261k▼ 23.9%€247k▼ 5.6%
Operating result€7k-€75k▲ 947%€41k▼ 45.6%
Net result€-11k-€65k€14k▼ 78.4%
EBIT margin2.1%-28.5%▲ 26.4pp16.4%▼ 12.1pp
Equity€39k-€104k▲ 166%€118k▲ 13.5%
Total assets€1.29M-€1.34M▲ 3.4%€1.35M▲ 0.6%
Debt€1.25M-€1.23M▼ 1.7%€1.23M▼ 0.5%
Working capital€-673k-€-761k▼ 13.0%€-831k▼ 9.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 46% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.35M
Fixed assets
€1.32M ▲ 1.1%
Current assets
€30k ▼ 19.4%
Equity and liabilities €1.35M
Equity
€118k ▲ 13.5%
Debt
€1.23M ▼ 0.5%
Debt's share of the balance-sheet total falls from 92.2% to 91.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€174k▼
2024 · €180k
Cash flow
€148k▼
2024 · €171k
Current ratio
0.03▼
2024 · 0.05
Debt to equity
10.36▼
2024 · 11.81
ROE
11.9%▼
2024 · 62.3%
ROA
1.0%▼
2024 · 4.9%
Interest coverage
18.05▼
2024 · 18.99
Debt ≤ 1 year
€861k▲
2024 · €797k
Debt > 1 year
€366k▼
2024 · €436k
Income taxes
€17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €343k | €261k | €247k | ▼ 5.6% |
| Goods, raw materials, services and sundry goods60/61 | €99k | €76k | €67k | ▼ 11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70k | €106k | €134k | ▲ 26.5% |
| Other operating charges640/8 | €168k | €5k | €5k | ▼ 2.1% |
| Gross operating margin9900 | €245k | €185k | €179k | ▼ 3.2% |
| Operating profit (loss)9901 | €7k | €75k | €41k | ▼ 45.6% |
| Financial income75/76B | €10 | €51 | - | - |
| Recurring financial income75 | €10 | €51 | - | - |
| Financial charges65/66B | €18k | €9k | €10k | ▲ 1.8% |
| Recurring financial charges65 | €18k | €9k | €10k | ▲ 1.8% |
| Profit (loss) for the period before taxes9903 | €-11k | €65k | €31k | ▼ 52.5% |
| Income taxes67/77 | - | - | €17k | - |
| Profit (loss) for the period9904 | €-11k | €65k | €14k | ▼ 78.4% |
| Profit (loss) for the period to be appropriated9905 | €-11k | €65k | €14k | ▼ 78.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.29M | €1.34M | €1.35M | ▲ 0.6% |
| Fixed assets21/28 | €1.27M | €1.30M | €1.32M | ▲ 1.1% |
| Intangible fixed assets21 | €66k | €127k | €160k | ▲ 26.1% |
| Tangible fixed assets22/27 | €1.20M | €1.17M | €1.16M | ▼ 1.6% |
| Land and buildings22 | €1.20M | €1.17M | €1.15M | ▼ 1.6% |
| Plant, machinery and equipment23 | €2k | €1k | €990 | ▼ 29.3% |
| Furniture and vehicles24 | €2k | €6k | €7k | ▲ 13.2% |
| Financial fixed assets28 | €100 | €100 | €100 | = |
| Current assets29/58 | €25k | €37k | €30k | ▼ 19.4% |
| Amounts receivable within one year40/41 | - | €12k | €14k | ▲ 16.9% |
| Trade receivables40 | - | - | €100 | - |
| Other amounts receivable41 | - | €12k | €14k | ▲ 16.1% |
| Cash at bank and in hand54/58 | €17k | €16k | €7k | ▼ 57.5% |
| Deferred charges and accrued income490/1 | €8k | €9k | €8k | ▼ 1.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.29M | €1.34M | €1.35M | ▲ 0.6% |
| Equity10/15 | €39k | €104k | €118k | ▲ 13.5% |
| Contributions10/11 | €50k | €50k | €50k | = |
| Profit (loss) carried forward14 | €-11k | €54k | €68k | ▲ 25.8% |
| Amounts payable17/49 | €1.25M | €1.23M | €1.23M | ▼ 0.5% |
| Amounts payable after more than one year17 | €557k | €436k | €366k | ▼ 16.1% |
| Financial debts170/4 | €557k | €436k | €366k | ▼ 16.1% |
| Amounts payable within one year42/48 | €698k | €797k | €861k | ▲ 8.0% |
| Current portion of amounts payable after more than one year42 | €129k | €847 | €137k | ▲ 16,097% |
| Financial debts43 | - | €130k | - | - |
| Credit institutions430/8 | - | €130k | - | - |
| Trade debts44 | €37k | €66k | €65k | ▼ 0.8% |
| Suppliers440/4 | €37k | €66k | €65k | ▼ 0.8% |
| Other amounts payable47/48 | €532k | €601k | €659k | ▲ 9.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-11k | €65k | €14k | ▼ 78.4% |
| + Depreciation and write-downs630 | €70k | €106k | €134k | ▲ 26.5% |
| Operating cash flow (approximation) | €59k | €171k | €148k | ▼ 13.5% |
| Investment in fixed assets (approximation) | - | €-138k | €-148k | ▼ 7.7% |
| Change in cash | - | €-1k | €-9k | ▼ 669% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 29 days late
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 15 days late
2024
30-09
Financial
Back to profitnet €65k
Net result €65k after one loss-making year.
30-09
Financial
Equity above €100kEq €104k ▲166%
Equity rises from €39k to €104k.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 100 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Etterbeek · 2 establishment units since 2021
Ground area
3,050 m²
Building footprint
398 m²
Volume, LiDAR
3,288 m³
2 parcels, Brussels, Wallonia · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Jachtlaan 133/135, 1040 Etterbeek
since 20212.327.458.976
Avenue de la Corniche 74, 1310 La Hulpe
since 20212.327.569.636
2 parcels
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. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded29-12-2021
Fiscal year end30-09
Scores and ratios are computed by Checked and are not a credit decision.