TWOW

Active

Private limited companyfounded 20214 yrs activeMontjoielaan 180, 1180 Ukkel, BelgiumKBO/BCE: BE 0778.796.667

Summary

The annual accounts of TWOW for fiscal year 2025 show a net loss of 55% of total assets. The 2025 annual accounts show equity of €45k and a net result of €-29k. Equity is growing by ~66.2% per year across the filed fiscal years. Its solvency ranks better than 84% of 31791 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).

Risk analysis Watch Report Compare

TWOWActiveChecked score 59/100

Risk analysis Report Compare

Checked score

Score 2025

59 / 100

Fair

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

Axes · tick = 2024

Profitability0▼-100

Solvency100=

Growth52▼-26

Track record94

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2.5k 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 ample (current ratio 1.91 against 2.39 in 2024; short-term debt: 13.3% and cash: 21.2% of total assets), and 13.3% of the assets are financed with debt.

Credit check for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Activities of head offices; management consultancy activities (NACE 70)

about 69% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2025

Solvency, return and age of the figures

Solvency

86.7%

Return on assets

-54.6%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

28 d early

2024

36 d early

2023

44 d early

2022

35 d early

2021

27 d early

← before the deadline after the deadline →

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

25-09-2026 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

Financials · fiscal year 2025, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-29k

2024 · €49k

2021: €5k 2022: €17k▲ +232% vs 2021 2023: €58k▲ +237% vs 2022highest in 5 years 2024: €49k▼ -14.5% vs 2023 2025: €-29k▼ -158% vs 2024lowest in 5 years

2021 → 2025

Working capital

€6k▼ 81.2%

2024 · €33k

2021: €7k 2022: €20k▲ +184% vs 2021 2023: €77k▲ +278% vs 2022highest in 5 years 2024: €33k▼ -56.5% vs 2023 2025: €6k▼ -81.2% vs 2024lowest in 5 years

2021 → 2025

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€7k-€24k▲ 240%€82k▲ 238%€74k▼ 10.2%€45k▼ 38.7% 2021: €7klowest in 5 years 2022: €24k▲ +240% vs 2021 2023: €82k▲ +238% vs 2022highest in 5 years 2024: €74k▼ -10.2% vs 2023 2025: €45k▼ -38.7% vs 2024

Operating result€7k-€27k▲ 272%€75k▲ 177%€63k▼ 15.5%€-28k 2021: €7k 2022: €27k▲ +272% vs 2021 2023: €75k▲ +177% vs 2022highest in 5 years 2024: €63k▼ -15.5% vs 2023 2025: €-28k▼ -144% vs 2024lowest in 5 years

Net result€5k-€17k▲ 232%€58k▲ 237%€49k▼ 14.5%€-29k 2021: €5k 2022: €17k▲ +232% vs 2021 2023: €58k▲ +237% vs 2022highest in 5 years 2024: €49k▼ -14.5% vs 2023 2025: €-29k▼ -158% vs 2024lowest in 5 years

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €28k after €63k in 2024, the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €52k

74.6%

25.4%

Fixed assets €39k ▼ 3.3%

Current assets €13k ▼ 77.0%

Equity and liabilities €52k

86.7%

13.3%

Equity €45k ▼ 38.7%

Debt €7k ▼ 71.2%

Debt's share of the balance-sheet total falls from 24.7% to 13.3%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-25k▼

2024 · €69k

Cash flow

€-26k▼

2024 · €56k

Current ratio

1.91▼

2024 · 2.39

Debt to equity

0.15▼

2024 · 0.33

ROE

-63.0%▼

2024 · 67.0%

ROA

-54.6%▼

2024 · 50.5%

Interest coverage

-55.97▼

2024 · 130.07

Debt ≤ 1 year

€7k▼

2024 · €24k

Income taxes

€143▼

2024 · €14k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines

Balance sheet Code20242025

Assets

Total assets20/58€98k€52k▼

Fixed assets21/28€40k€39k▼

Tangible fixed assets22/27€40k€39k▼

Land and buildings22€37k€36k▼

Furniture and vehicles24€3k€3k▼

Current assets29/58€58k€13k▼

Amounts receivable within one year40/41€5k€236▼

Trade receivables40€5k€0▼

Other amounts receivable41€471€236▼

Cash at bank and in hand54/58€52k€11k▼

Deferred charges and accrued income490/1€357€2k▲

Equity and liabilities

Total equity and liabilities10/49€98k€52k▼

Equity10/15€74k€45k▼

Contributions10/11€2k€2k=

Reserves13€22k€22k=

Distributable reserves133€22k€22k=

Profit (loss) carried forward14€49k€21k▼

Amounts payable17/49€24k€7k▼

Amounts payable within one year42/48€24k€7k▼

Trade debts44€1k€1k▲

Suppliers440/4€1k€1k▲

Taxes, remuneration and social security45€10k€4k▼

Taxes450/3€7k€4k▼

Remuneration and social security454/9€3k€0▼

Other amounts payable47/48€12k€1k▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€3k▼

Other operating charges640/8€1k€1k▲

Non-recurring operating charges66A€3k€0▼

Gross operating margin9900€73k€-24k▼

Operating profit (loss)9901€63k€-28k▼

Financial income75/76B€878€156▼

Recurring financial income75€878€156▼

Financial charges65/66B€534€450▼

Recurring financial charges65€534€450▼

Profit (loss) for the period before taxes9903€63k€-28k▼

Income taxes67/77€14k€143▼

Profit (loss) for the period9904€49k€-29k▼

Profit (loss) for the period to be appropriated9905€49k€-29k▼

Appropriation of the result

Profit (loss) to be appropriated9906€107k€21k▼

Profit (loss) brought forward from the previous period14P€58k€49k▼

Profit to be distributed694/7€58k€0▼

Return on contributions (dividend)694€58k€0▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2021	2022	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€825	€703	€1k	€6k	€3k	▼ 54.1%
Other operating charges640/8	€50	€2k	€756	€1k	€1k	▲ 5.1%
Non-recurring operating charges66A	-	-	-	€3k	€0	▼ 100%
Gross operating margin9900	€8k	€29k	€77k	€73k	€-24k	▼ 133%
Operating profit (loss)9901	€7k	€27k	€75k	€63k	€-28k	▼ 144%
Financial income75/76B	-	€109	€745	€878	€156	▼ 82.2%
Recurring financial income75	-	€109	€745	€878	€156	▼ 82.2%
Financial charges65/66B	-	€531	€606	€534	€450	▼ 15.6%
Recurring financial charges65	-	€531	€606	€534	€450	▼ 15.6%
Profit (loss) for the period before taxes9903	€7k	€27k	€75k	€63k	€-28k	▼ 145%
Income taxes67/77	€2k	€9k	€17k	€14k	€143	▼ 99.0%
Profit (loss) for the period9904	€5k	€17k	€58k	€49k	€-29k	▼ 158%
Profit (loss) for the period to be appropriated9905	€5k	€17k	€58k	€49k	€-29k	▼ 158%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€14k	€51k	€116k	€98k	€52k	▼ 46.7%
Fixed assets21/28	-	€4k	€5k	€40k	€39k	▼ 3.3%
Tangible fixed assets22/27	-	€4k	€5k	€40k	€39k	▼ 3.3%
Land and buildings22	-	-	-	€37k	€36k	▼ 3.0%
Furniture and vehicles24	-	€4k	€5k	€3k	€3k	▼ 6.0%
Current assets29/58	€14k	€47k	€111k	€58k	€13k	▼ 77.0%
Amounts receivable within one year40/41	€12k	€1k	€19k	€5k	€236	▼ 95.7%
Trade receivables40	€12k	€1k	-	€5k	€0	▼ 100%
Other amounts receivable41	-	-	€19k	€471	€236	▼ 49.9%
Cash at bank and in hand54/58	€2k	€44k	€91k	€52k	€11k	▼ 78.6%
Deferred charges and accrued income490/1	-	€2k	€1k	€357	€2k	▲ 441%
Equity and liabilities
Total equity and liabilities10/49	€14k	€51k	€116k	€98k	€52k	▼ 46.7%
Equity10/15	€7k	€24k	€82k	€74k	€45k	▼ 38.7%
Contributions10/11	€2k	€2k	€2k	€2k	€2k	=
Reserves13	€5k	€22k	€22k	€22k	€22k	=
Distributable reserves133	€5k	€22k	€22k	€22k	€22k	=
Profit (loss) carried forward14	-	-	€58k	€49k	€21k	▼ 57.7%
Amounts payable17/49	€7k	€27k	€34k	€24k	€7k	▼ 71.2%
Amounts payable within one year42/48	€7k	€27k	€34k	€24k	€7k	▼ 71.2%
Trade debts44	€475	€7k	€2k	€1k	€1k	▲ 11.4%
Suppliers440/4	€475	€7k	€2k	€1k	€1k	▲ 11.4%
Taxes, remuneration and social security45	€4k	€14k	€31k	€10k	€4k	▼ 60.9%
Taxes450/3	€4k	€14k	€28k	€7k	€4k	▼ 44.4%
Remuneration and social security454/9	-	-	€3k	€3k	€0	▼ 100%
Other amounts payable47/48	€3k	€5k	-	€12k	€1k	▼ 88.4%
Accrued charges and deferred income492/3	-	-	€309	-	-	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€5k	€17k	€58k	€49k	€-29k	▼ 158%
+ Depreciation and write-downs630	€825	€703	€1k	€6k	€3k	▼ 54.1%
Operating cash flow (approximation)	€6k	€18k	€59k	€56k	€-26k	▼ 146%
Investment in fixed assets (approximation)	-	-	€-3k	€-41k	€-2k	▲ 96.2%
Change in cash	-	€42k	€47k	€-39k	€-41k	▼ 5.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

03-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €-29k

Net result drops to €-29k, the lowest in the series.

25-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

17-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Highest result since 2021net €58k ▲237%

Operating result €75k, net result €58k, both a record.

26-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

04-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Ukkel · 1 establishment unit since 2021

seat establishment The establishment unit on the map

Ground area

3,871 m²

Building footprint

725 m²

Volume, LiDAR

9,593 m³

2 parcels, Brussels, Wallonia · tallest building 24.0 m, ±6 floors. Linked by address, not a title deed.

5 companies at this address See who is registered here

1 establishment unit

TWOW

Rue du Château d'Eau 23, 1420 Braine-l'AlleudWholesale of wines and spirits

since 20212.325.351.207

2 parcels

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

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25014A0912/00D000	Wallonia	2,744 m²	1 · 89 m²	9.3 m · 3 fl.
21618B0282/00R002	Brussels	1,127 m²	1 · 636 m²	23.9 m · 6 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.

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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 37,560 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPrivate limited company

Founded17-12-2021

Fiscal year end31-12

Activities, NACEBEL 2025

70200Business and other management consultancy

46341Wholesale of wines and spirits

73300Public relations and communication consultancy

82300Organisation of conventions and trade shows

82990Other business support services

Scores and ratios are computed by Checked and are not a credit decision.