TWOBROTHERS
ActiveTWOBROTHERS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141k and a net result of €-45k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 77% of 1522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency99▼-1
Growth32=
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.48 against 3.12 in 2024), and 36.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.8%
Return on assets
-20.3%
Age of the figures
11 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€45k
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 06-05-2026, 6 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 · 10 filingsDeviation from the deadline
2025
6 d late
2024
15 d late
2023
28 d late
2022
4 d early
2021
32 d early
2020
26 d late
2019
29 d early
← before the deadline
after the deadline →
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
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€141k▼ 24.6%
2024 · €187k
2018: €203k
2019: €188k
2020: €245k
2021: €301k
2022: €359k
2023: €240k
2024: €187k
2018 → 2025
Total assets
€222k▼ 21.3%
2024 · €282k
2018: €338k
2019: €276k
2020: €371k
2021: €349k
2022: €426k
2023: €406k
2024: €282k
2018 → 2025
Net result
€-45k▲ 12.1%
2024 · €-51k
2018: €22k
2019: €85k
2020: €57k
2021: €56k
2022: €8k
2023: €-124k
2024: €-51k
2018 → 2025
Working capital
€97k▼ 25.5%
2024 · €130k
2018: €248k
2019: €222k
2020: €306k
2021: €317k
2022: €341k
2023: €217k
2024: €130k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€301k-€359k▲ 19.2%€240k▼ 33.2%€187k▼ 21.8%€141k▼ 24.6%
Operating result€64k-€11k▼ 82.9%€-121k€-49k▲ 59.7%€-43k▲ 11.1%
Net result€56k-€8k▼ 86.1%€-124k€-51k▲ 58.8%€-45k▲ 12.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €43k in 2025 against €49k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €222k
Fixed assets
€60k▼ 34.2%
Current assets
€162k▼ 15.2%
Equity and liabilities €222k
Equity
€141k▼ 24.6%
Debt
€80k▼ 14.7%
The debt ratio rises from 33.4% to 36.2%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-13k▲
2024 · €-18k
Cash flow
€-15k▲
2024 · €-21k
Solvency
63.8%▼
2024 · 66.6%
Current ratio
2.48▼
2024 · 3.12
Quick ratio
1.99▼
2024 · 2.85
Debt / equity
0.57▲
2024 · 0.50
ROE
-31.8%▼
2024 · -27.3%
ROA
-20.3%▼
2024 · -18.2%
Interest coverage
-8.32▼
2024 · -7.83
Debt
€80k▼
2024 · €94k
Debt ≤ 1 year
€65k▲
2024 · €61k
Debt > 1 year
€13k▼
2024 · €31k
Income taxes
€193▼
2024 · €292
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€282k€222k▼
Fixed assets21/28€91k€60k▼
Intangible fixed assets21€7k€5k▼
Tangible fixed assets22/27€81k€53k▼
Plant, machinery and equipment23€77k€51k▼
Furniture and vehicles24€2k€904▼
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€3k€2k▼
Current assets29/58€191k€162k▼
Stocks and contracts in progress3€16k€32k▲
Stocks30/36€16k€32k▲
Amounts receivable within one year40/41€8k€16k▲
Trade receivables40€5k€13k▲
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€166k€114k▼
Deferred charges and accrued income490/1€951-
Equity and liabilities
Total equity and liabilities10/49€282k€222k▼
Equity10/15€187k€141k▼
Contributions10/11€56k€56k=
Reserves13€279k€279k=
Distributable reserves133€279k€279k=
Profit (loss) carried forward14€-151k€-196k▼
Investment grants15€4k€2k▼
Amounts payable17/49€94k€80k▼
Amounts payable after more than one year17€31k€13k▼
Financial debts170/4€31k€13k▼
Amounts payable within one year42/48€61k€65k▲
Current portion of amounts payable after more than one year42€18k€19k▲
Trade debts44€9k€20k▲
Suppliers440/4€9k€20k▲
Taxes, remuneration and social security45€1k€1k▼
Taxes450/3€1k€1k▼
Other amounts payable47/48€32k€26k▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€30k▼
Other operating charges640/8€5k€2k▼
Gross operating margin9900€-13k€-11k▲
Operating profit (loss)9901€-49k€-43k▲
Financial income75/76B€55€4▼
Recurring financial income75€55€4▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-51k€-45k▲
Income taxes67/77€292€193▼
Profit (loss) for the period9904€-51k€-45k▲
Profit (loss) for the period to be appropriated9905€-51k€-45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-151k€-196k▼
Profit (loss) brought forward from the previous period14P€-100k€-151k▼
The notes to these accounts (11 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
06-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 15 days late
2024
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-09
Financial
Weakest financial yearnet €-124k ▼1687%
Net result drops to €-124k, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity doublescurrent ratio 13.24
Current ratio from 6.61 to 13.24; short-term debt falls from €55k to €26k.
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
30-09
Financial
Equity above €200kEq €245k ▲30.4%
3 profitable years in a row build equity to €245k.
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €85k ▲283%
Operating result €122k, net result €85k, both a record.
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-12-2023
Tom Depoorter: Resigned as Director
18-05-2022
VANDAMME Vicky: Resigned as Director
24-05-2016
DEPOORTER Frederik: Resigned as Manager
Location & real-estate footprint
Registered office, Brugge · 2 establishment units 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.
Sint-Jakobsstraat 518000 BruggeGround area
9,024 m²
Building footprint
2,220 m²
Volume, LiDAR
12,097 m³
3 parcels, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
TWOBROTHERS MALDEGEM
since 20112.204.743.781
TWOBROTHERS IZEGEM
since 20222.333.565.919
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0140/00N000 | Flanders | 5,862 m² | 1 · 1,851 m² | 8.1 m · 2 fl. |
| 43503F0471/00K000 | Flanders | 2,827 m² | 1 · 154 m² | 9.3 m · 2 fl. |
| 31804D0326/00K000 | Flanders | 334 m² | 1 · 214 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 213,787 EUR awarded · 213,788 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | -31,544 EUR | 9,545 EUR |
| 2024 | 1 | 2,974 EUR | 2,974 EUR |
| 2023 | 3 | 4,500 EUR | 84,856 EUR |
| 2022 | 4 | 237,857 EUR | 116,413 EUR |
Schemes
Ontwikkelingsproject
Vlaams Beschermingsmechanisme 11 (stopgezet)
Vlaams beschermingsmechanisme 12 (stopgezet)
Subsidies voor internationaal ondernemen
Ecologiepremie+
Recognitions · licences · registrations
Food safety, FASFC
1 siteIzegem2.333.565.919
Similar companies · same sector, comparable size
LES BISCUITS DE LOUISE
BE 0811.966.214
Mouscron · Eq €141k
'T KARAKSKE
BE 0860.055.250
Roeselare · Eq €139k
CHOCOLATERIE MOLITOR
BE 0632.866.897
Wavre · Eq €147k
Chocorette
BE 0737.997.675
Aartselaar · Eq €149k
Deduytschaever
BE 0740.989.532
Gent · Eq €149k
Of 722 companies in sector 10820 we hold annual accounts for 349. 240 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-09-2011
Fiscal year end30-09
Activities, NACEBEL
10820Manufacture of cocoa, chocolate and sugar confectionery
10320Manufacture of food products
10830Manufacture of food products
47120Other non-specialised retail sale
47910Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.