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TWOCREATIONS

Active Private limited companyfounded 2017active for 9 yearsPenelopelaan 47, 1190 ForestKBO/BCE: BE 0671.574.451
TWOCREATIONS
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Overview

Lifetime

9 annual accounts with figures on one time axis
peak €64,723 (2020)
€54,503▲ 31.6%
peak €41,690 (2020)
€28,656▲ 11.0%
peak €78,835 (2019)
€49,486▲ 28.6%
€100,561▲ 1.6%
Board2 names since 2017
2 directors and 1 other
Documentsfilings and deeds
15-06-202646 days before the deadline
2025micro format
Gross margin from €41,419 to €54,503Registered office moved from Saint-Gilles to Forest 02-10Dividend €17,647Equity from €38,477 to €49,486Investments €23,400

Key points

from the 2025 annual accounts

Equity

€49,486 ▲ 28.6%
38,4772024+28,656Profit-17,647Dividend49,4862025

TWOCREATIONS paid out €17,647 in dividends. That is 62% of the 2025 profit.

Turnover

≈ €100,000 estimated

The micro format states no turnover.

Investments

€23,400 1.8 × depreciation
20212022202320242025

Green is investment, beige is depreciation.

Liquidity

1.04 was 0.53 in 2024

Short-term debts fell from €98,992 to €52,782.

Filings

9 annual accounts since 2017
AprilJune31 JulyOctober20202025

The last five annual accounts were filed 37 to 58 days before the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 26,969 companies had the same profile as TWOCREATIONS has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 26,969 companies, not a prediction for TWOCREATIONS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director, since 16-02-2017
Director, since 16-02-2017
  • 50 sharesdeed of 27-12-2023
  • 50 sharesdeed of 27-12-2023
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0671574451
Registered office moved from Saint-Gilles to Forest New registered office: avenue Pénélope 47 à 1190 Forest · Previous registered office: Rue de Bosnie 65, 1060 Saint-Gilles · General meeting of 19-09-2025 · Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments Changes of role: (director) and (director) · holds 50 shares · holds 50 shares · General meeting of 13-12-2023 · Gazette deed
First establishment Penelopelaan 47, Forest
All 16 events

Comparable companies

same main activity, similar in size and age
Company
TWOCREATIONS Forest €150,047 €54,503 33.0% -
AXINE Forest €147,705 €57,935 93.5% -
State Of Mind Forest €158,090 €62,385 83.4% -
MD nextg Anderlecht €140,767 €56,747 35.0% -
NUNTIUS Uccle €151,556 €57,339 6.6% -
Formhat Meerhout €144,090 €53,668 78.1% -
KATHAROS SOLUTIONS Zonhoven €154,575 €50,048 44.5% -

These companies have the same main activity as TWOCREATIONS: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €141,000 and €158,000, founded between 2016 and 2017.

Official details

Source: KBO
Status
Active since 16-02-2017Normal situation
Activity
Computer consultancy and computer facilities managementNACE 62200
Establishment unit
2.261.853.1261190 Forest, since 17-02-2017
Financial year end
31 December
Peppol
Reachable since 24-12-2025
Company details

Annual accounts 2025

€54,503▲ 31.6%
€28,656▲ 11.0%
€49,486▲ 28.6%
€150,047▲ 9.1%
Filing
Filed on 15-06-2026, 46 days before the end of the filing period
Financials

Insights on TWOCREATIONS

TWOCREATIONS files the micro format. That format states no turnover. The gross margin rose from €21,464 in 2017 to €54,503 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 15-06-2026, 46 days before the deadline
€54,503
▲ 31.6%
€40,791
▲ 20.5%
€28,656
▲ 11.0%
€2,189
▲ €48,342
33.0%
▲ 5.0 percentage points
1.04
▲ 0.51

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €100,000. Estimated: probably between €93,000 and €140,000.

Balance sheet

balance sheet total €150,047 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

33.0%

Higher than 29% of 22,039 companies in 2025.

1.04

Higher than 20% of 21,339 companies in 2025.

19.1%

Higher than 52% of 21,530 companies in 2025.

TWOCREATIONS Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017
Balance sheet: assets
20/58 150,047137,469105,84486,88589,567137,810106,99461,86144,289
21/28 95,07684,6307,94414,36720,65812,2717,0819,8186,244
21 3,4106692,0404,1975,2775,0261,4581,412-
22/27 91,57383,8685,81110,07715,2887,1525,5308,3136,151
22 81,88078,188-------
23 1,335--------
24 8,3585,6805,81110,07715,2887,1525,5308,3136,151
28 939393939393939393
29/58 54,97152,83997,90072,51868,909125,53999,91352,04338,045
3 ---1,8933,702-2,694--
30/36 ---1,8933,702-2,694--
40/41 21,85924,98516,19216,84418,41816,92236,50532,76418,906
40 18,75522,91416,19213,39813,12816,89024,89828,99514,630
41 3,1042,071-3,4465,2903211,6073,7694,276
50/53 --2,3022,3022,3022,3022,3022,3023,300
54/58 32,23227,16274,92447,60340,606102,41957,51715,72215,822
490/1 8806924,4823,8763,8813,8968951,25517
Balance sheet: equity and liabilities
10/49 150,047137,469105,84486,88589,567137,810106,99461,86144,289
10/15 49,48638,47730,31856,67645,46846,40778,83545,74118,214
10/11 18,60018,60018,60018,600--6,2006,2006,200
100 ------18,60018,60018,600
101 ------12,40012,40012,400
13 1,8601,8601,8601,8608,0608,0601,8601,860601
130/1 ---1,8608,0608,060---
130 ------1,8601,860601
1311 ---1,8608,0608,060---
133 1,8601,8601,860------
14 29,02618,0179,85836,21637,40838,34770,77537,68111,413
17/49 100,56198,99275,52630,20944,09991,40328,15916,12026,075
17 47,756--------
170/4 47,756--------
42/48 52,78298,99275,52630,20944,09991,40328,15916,12026,075
42 9,3502,0532,0522,0332,0352,03412,01910,0009,483
44 9,4344,5782,4792,8946,7833,8713,7121,52010,204
440/4 9,4344,5782,4792,8946,7833,8713,7121,52010,204
45 2,366-9,9366,4633,28111,1576,4284,6006,388
450/3 2,366-9,9366,4633,28111,1085,9052,7936,388
454/9 -----495231,807-
47/48 31,63292,36161,05918,81932,00074,3416,000--
492/3 23--------
Income statement
9900 54,50341,41955,15833,90052,46464,72358,75439,58721,464
630 12,9547,3499,84611,9899,2526,7529,01610,3564,106
640/8 758216707209256303201344343
9901 40,79133,85444,60521,70242,95657,66849,53728,88717,015
75/76B 66593-19104217659
75 66593-19104217659
65/66B 2,4311,316908892833860382281377
65 2,4311,316908892833860382281377
9903 39,02532,63143,69720,82942,13356,85049,17228,67116,648
67/77 10,3696,82511,2324,37411,07215,16010,0786,2314,634
9904 28,65625,80632,46516,45531,06141,69039,09422,44012,014
9905 28,65625,80632,46516,45531,06141,69039,09422,44012,014
Appropriation of the result
9906 46,67335,66468,68153,86369,408112,46576,77538,68612,014
14P 18,0179,85836,21637,40838,347----
691/2 -------1,005601
6920 -------1,005601
694/7 17,64717,64758,82317,64732,00074,1186,000--
694 17,64717,64758,82317,64732,00074,1186,000--
Document PDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 15-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 15-06-2026 2026-00167788 PDF
31-12-2024 micro format 23-06-2025 2025-00164523 PDF
31-12-2023 micro format 24-06-2024 2024-00153303 PDF
31-12-2022 micro format 16-06-2023 2023-00142426 PDF
31-12-2021 micro format 03-06-2022 2022-20046974 PDF
31-12-2020 micro format 29-07-2021 2021-42200393 PDF
31-12-2019 micro format 01-07-2020 2020-24900098 PDF
31-12-2018 micro format 26-06-2019 2019-22900197 PDF
31-12-2017 micro format 02-06-2018 2018-15400449 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017
53,74541,20354,45133,69152,20864,42058,55339,24321,121
41,61033,15542,31128,44440,31348,44248,11032,79616,120
23,40084,0353,4235,69819,75711,9426,2798,37710,349
5,070-47,76227,3216,997-61,81344,90241,795-100-
2,189-46,15322,37442,30924,81034,13671,75435,92311,970
33.0%28.0%28.6%65.2%50.8%33.7%73.7%73.9%41.1%
1.040.531.302.401.561.373.553.231.46
1.040.531.302.341.481.373.453.231.46
2.032.572.490.530.971.970.360.351.43
57.9%67.1%107.1%29.0%68.3%89.8%49.6%49.1%66.0%
19.1%18.8%30.7%18.9%34.7%30.3%36.5%36.3%27.1%
22.1131.3159.9737.7762.67----

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€17,533€83,355€1,835€1,543€14,534
Intangible fixed assets€5,867€680€1,588€4,155€5,223
€12,954€7,349€9,846€11,989€9,252

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on TWOCREATIONS

The operating result for 2025 is 20% higher than in 2024. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 72.0% to 67.0%. Equity and debt are higher.

Board & ownership

Board

2 directors, no change since 2023
Director (not named in the articles)
since 16-02-2017 term without a fixed end
earlier manager, until 27-12-2023
listed in the 2025 annual accounts, filed on 15-06-2026
Director (not named in the articles)
since 16-02-2017 term without a fixed end
earlier manager, until 27-12-2023
listed in the 2025 annual accounts, filed on 15-06-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today

Director (not named in the articles)

Director (not named in the articles)
BoardEarlier
Mandates as a list
    • Manager (not named in the articles), from 16-02-2017 to 27-12-2023
    • Director (not named in the articles), appointed by deed of 27-12-2023, still in office
    • Manager (not named in the articles), from 16-02-2017 to 27-12-2023
    • Director (not named in the articles), appointed by deed of 27-12-2023, still in office

See the board, name and registered office on a given date →

Control

Shareholders
,
This company
TWOCREATIONS
Equity €49,486
Profit €28,656 in 2025

Capital

Capital
€18,600
Shares
100
Contribution per share
€186
Equity per share
€495 in 2025
Source
deed of 20-02-2017

Articles of association

deed of 27-12-2023 (in French)
Name, seat, purpose and duration
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Capital, shares and profit
Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
100 shares
“1 à 100”
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié cédant et moitié acquéreurs proportionnellement au nombre acquis, préemption proportionnelle par un ou plusieurs actionnaires”
Share issue ruleThe articles set how and by whom new shares are issued.
“Apports ultérieurs – Augmentation des fonds propres - Droit de préférence, apport en industrie”
General meeting and financial year
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last day of May at 16:30
Audit, dissolution and liquidation
Dissolution ruleThe articles set when and by whom the company can be dissolved.
“Mesures annoncées pour assurer continuité avec rapport spécial de l’organe d’administration ou dissoudre, convoquer l’assemblée générale…”
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Pour quelque cause et à quelque moment que ce soit, assemblée générale détermine le cas échéant”

Shareholders

Stated in the deed deed of 27-12-2023 ↗
  • 50 shares
  • 50 shares
At incorporation deed of 20-02-2017 ↗
  • 50 shares (50%)
  • 50 shares (50%)

Network & group

No group

TWOCREATIONS has no parent and no holdings in its annual accounts. TWOCREATIONS shares no director with another company.

At the same address

Penelopelaan 47, 1190 Forest · 1 other company
Association des Copropriétaires à Forest, avenue Pénélope 47
registered office since 13-02-1964
 founded in 1964
1034.603.681

Timeline

Timeline

16 events since 2017

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 46 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0671574451
Registered office moved from Saint-Gilles to ForestNew registered office: avenue Pénélope 47 à 1190 Forest · Previous registered office: Rue de Bosnie 65, 1060 Saint-Gilles · General meeting of 19-09-20252 points ▸
  • General meeting, 19-09-2025
  • Registered-office move, avenue Pénélope 47 à 1190 Forest

Open the deed in the Belgian Official Gazette

Annual accounts 2024 filed PDFmicro format · 38 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 37 days before the deadline
2023
Amendment of the articles · Legal-form change · Resignations & appointmentsChanges of role: (director) and (director) · holds 50 shares · holds 50 shares · General meeting of 13-12-202313 points ▸
  • General meeting, 13-12-2023
  • Incorporation, 16-02-2017
  • holds 50 shares
  • holds 50 shares
  • Power of attorney,
  • Legal-form conversion, from private limited company (pre-2019) to private limited company
  • Director resignation, (manager)
  • Director resignation, (manager)
  • Director appointment, (director (not named in the articles))
  • Director appointment, (director (not named in the articles))
  • Registered office clause, Rue de Bosnie 65, 1060 Saint-Gilles
  • Director discharge, (manager)
  • Director discharge, (manager)
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFmicro format · 45 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 58 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 2 days before the deadline
2020
Highest result from 2017 to 2025 net €41,690 ▲6.6% The operating result of €57,668 and the net result of €41,690 are both a record.
Annual accounts 2019 filed PDFmicro format · 30 days before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 35 days before the deadline
2018
Liquidity more than doubled current ratio 3.23 The current ratio rises from 1.46 to 3.23. Short-term debt falls from €26,075 to €16,120.
Annual accounts 2017 filed PDFmicro format · 59 days before the deadline
2017
First establishment Penelopelaan 47, Forest
IncorporationFounding capital of €18,600, 100 shares, €6,200 paid up · Founders: and · Appointments: (manager) and (manager) · published on 20-02-20176 points ▸
  • Founder,
  • Founder,
  • Founding capital, €18,600, 100 shares
  • Capital, €18,600, 100 shares
  • Director appointment, (manager (not named in the articles))
  • Director appointment, (manager (not named in the articles))
  • The deed holds 8 more points.

Open the deed in the Belgian Official Gazette

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 16 February 2017, TWOCREATIONS was incorporated by two natural persons, with a starting capital of €18,600.12 In 2025 the registered office moved to Forest.3 Of the 2 current board members, 2 have served since 2017.4 Total assets went from €61,861 in 2018 to €150,047 in 2025.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 20-02-2017
  3. 3Belgian Official Gazette, 02-10-2025
  4. 4National Bank, annual accounts 2025
  5. 5National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0671.574.451
VAT number
BE 0671.574.451
Peppol ID
0208:0671574451
Other Peppol ID
9925:BE0671574451
Legal form
Private limited company
Status
Active, normal situation
Founded
16-02-2017
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last day of May at 16:30
deed of 27-12-2023 (in French)
Peppol
Reachable since 24-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
TWOCREATIONS in French
Abbreviation
2CS in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 27-12-2023 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale”
deed of 27-12-2023 (in French)

Activities

NACEBEL 2025
62200 Computer consultancy and computer facilities management main activity
Codes under NACEBEL 2008
62020 IT consultancy main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“L'étude,l'organisation,le conseil,l'analyse,la réalisation de tous travaux et programmes en matière informatique; La programmation de base…”
14 activities
  1. L'étude,l'organisation,le conseil,l'analyse,la réalisation de tous travaux et programmes en matière informatique;
  2. La programmation de base de données en ligne et hors ligne;
  3. La programmation et la production multimédia:CD-ROM,DVDs,sites web,etc.
  4. L'achat,la vente,la location ou l'usage de tous ordinateurs ou machines traitant les informations et de tous appareils audiovisuels;
  5. La vente ou la mise à disposition de tiers de tous programmes préétablis,ainsi que l'exécution de tous travaux connexes à l'informatique;
  6. L'étude,la conception,l'aménagement,la transformation,l'équipement et le câblage de tous locaux et bureaux afin de rendre ceux-ci accessible à tout usage informatique;
  7. Toutes activités de conseil en matière informatique,juridique,de gestion,de financement,d'investissement,d'exploitation,d'organisation de personnel;
  8. Toutes interventions directes ou indirectes dans l'organisation interne ou dans 'administration d'une entreprise,notamment pour l'organiser,la restructurer,améliorer sa productivité,relancer son activité économique;
  9. La formation,le placement ou la mise à la disposition des tiers,moyennant rémunération,du personnel qui leur est nécessaire;
  10. La consultance en informatique,le développement de software,les prestations informatiques et/ou la vente de tout matériel et fournitures liées à cette activité;
  11. L’organisation de spectacles ou de cours de danse,l’enseignement de la danse,le conseil en cette matière et/ou la vente de tout matériel et fournitures liées à cette activité
  12. La société a également pour objet sur le plan civil,et pour compte propre:toutes opérations immobilières généralement quelconques,dans le sens le plus large,notamment l'achat,la vente,l'échange,le lotissement,la construction,l'aménagement,la transformation,la division horizontale et verticale,la mise sous régime de la copropriété,la viabilisation et la mise en valeur ainsi que la location,la sous-location,le leasing,la cession de bail et la gestion d'immeubles bâtis ou de terrains et de meubles,la mise en valeur et la gestion de tous biens immeubles et en général l'exécution de toutes opérations immobilières,l'étude et l'exécution de toute opération en relation avec tout droit immobilier par nature,par incorporation ou par destination.ElIe pourra donner en location ses installations ou les donner à gérer à des tiers,en tout ou en partie.
  13. La société pourra,uniquement pour son compte propre,acquérir,détenir et gérer un patrimoine de valeurs mobilières et immobilières,matières premières et devises étrangères à titre permanent ou provisoire,actions titres de créances ou instruments financiers.
  14. L'acceptation et l'exercice de mandats d'administrateur,de liquidateur et de membre de comité de direction dans toutes sociétés,entreprises ou associations.
deed of 27-12-2023 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Penelopelaan 47 registered office 1190 Forest 17-02-2017 2.261.853.126
1 former office
  • Rue de Bosnie 65, 1060 Saint-Gilles until 01-07-2025 · deed of 02-10-2025

Buildings and parcels at the address

Ground area
426 m²
Buildings
113 m²
Volume, LiDAR
1,665 m³
Tallest building
17.4 m
Buildings to scale, each on its own parcel
113 m², 17.4 m 113 m², 17.4 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21383B0020/00W058426 m² 1 · 113 m² 17.4 m · 5

Contact

E-mail ernesto.navarro@gmail.com establishment in Vorst
Phone +32 484 35 47 74 establishment in Vorst

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