TWOTrade

Active

Private limited companyfounded 20232 yrs activeVen 3, 3930 Hamont-Achel, BelgiumKBO/BCE: BE 1002.621.395

Summary

The annual accounts of TWOTrade for fiscal year 2025 show a net loss of 63% of the equity at the start of that year. The 2025 annual accounts show equity of €9,910 and a net result of -€16,889. Its solvency ranks better than 21% of 247 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisWatch Report Compare

TWOTradeActiveChecked score 53/100

Risk analysis Report Compare

Activity

Manufacture of textiles

NACE 13929

2 sites

Size

€125,535total assets 2025

Equity: €9,910
Loss: -€16,889

Turnover not published (abridged schema)

Financial health

53 Fair Checked score 2025

Bankruptcy chance 12 m: 0.7%

Structure

Largest shareholder: KAJCOMP · 50%

Accounts 39 d early0 of 1 deed read

Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Figures for FY 2024 (filed 14-07-2025)+ Sector Manufacture of textiles (NACE 13)+ Size: total assets €183,138+ Liquidity: current ratio 1.12, cash €82,968Show the evidence

Checked score

Score 2025

53 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 13% of its sector peers (NACE 13, micro)

Performance against the sector, not lower risk

A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 33-7

equity 7.9% of total assets

Liquidity 23-44

short-term debt 92.1% · cash 18.1%

Profitability 2-83

return on assets -13.5%

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (490 companies)

Last 24 months 12-2024: 0.7% 01-2025: 0.7%● 0.0% vs 12-2024 02-2025: 0.7%▲ +3.1% vs 01-2025 03-2025: 0.7%▲ +3.4% vs 02-2025 04-2025: 0.8%▲ +5.5% vs 03-2025 05-2025: 0.9%▲ +13.1% vs 04-2025 06-2025: 0.9%● 0.0% vs 05-2025 07-2025: 1.0%▲ +12.3% vs 06-2025highest value 08-2025: 0.2%▼ -82.6% vs 07-2025 09-2025: 0.2%▼ -1.8% vs 08-2025lowest value 10-2025: 0.2%● 0.0% vs 09-2025lowest value 11-2025: 0.2%▲ +6.6% vs 10-2025 12-2025: 0.2%▲ +2.8% vs 11-2025 01-2026: 0.2%▼ -2.7% vs 12-2025 02-2026: 0.2%● 0.0% vs 01-2026 03-2026: 0.2%● 0.0% vs 02-2026 04-2026: 0.2%▲ +5.1% vs 03-2026 05-2026: 0.2%▲ +3.2% vs 04-2026 06-2026: 0.2%● 0.0% vs 05-2026 07-2026: 0.2%▲ +2.6% vs 06-2026 08-2026: 0.3%▲ +38.4% vs 07-2026 09-2026: 0.4%▲ +33.9% vs 08-2026 10-2026: 0.7%▲ +93.7% vs 09-2026

Figures for FY 2024 (filed 14-07-2025) raises the probability
Sector Manufacture of textiles (NACE 13) lowers the probability
Size: total assets €183,138 lowers the probability for this profile
Liquidity: current ratio 1.12, cash €82,968 lowers the probability

Credit up to €500 at 30 days only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity short (current ratio 0.58 against 1.12 in 2024; short-term debt: 92.1% and cash: 18.1% of total assets), and 92.1% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 13, micro). Better than this share of them on solvency 16%, liquidity 15%, profitability 13%, growth against the median 7%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Figures for FY 2024 (filed 14-07-2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Sector Manufacture of textiles (NACE 13)

In the bankruptcy model this factor lowers the probability.

KBO

Size: total assets €183,138

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Liquidity: current ratio 1.12, cash €82,968

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 247 sector peers (2025).

NBB · sector comparison

Position among 247 sector peers

Solvency

better than 21%

← weakest strongest →

Young company

Founded in 2023, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

39 d early

2024

17 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

04-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

22-06-26 Annual accounts filedfiscal year 2025 · micro…
14-07-25 Annual accounts filedfiscal year 2024 · micro…

Key points

Caution: Among the weakest 13% on net resultsector median €5,895 · 247 companies -€16,889 View
Total assets 20252 fiscal years filed €125,535 View
Active since 2023founded 24-11-2023 2 years View