Down2Earth Capital II
Down2Earth Capital II and the 11 companies it controls according to the LEI register and the annual accounts: the structure, the figures, each company's health and where the risk sits.
Sum of the filed annual accounts of 12 of the 12 Belgian companies (financial years 2025-2026). Not a consolidation: receivables, participations and sales between group companies are not eliminated, so they count.
Down2Earth Capital II also files consolidated accounts (financial year 2026): the real group figures, with intra-group positions eliminated. Checked does not read their figures yet; the document is at the National Bank's Central Balance Sheet Office.
Group risk
How healthy the group's Belgian companies are, and where the risk sits. A weak subsidiary can cost the parent money, and the other way round.
- The parent itself: Down2Earth Capital II, no verdict.
- 5 companies with a loss in the latest year: Down2Earth Capital II (-€12.2m), Grandeco Wallfashion Group - Belgium (-€3.6m), SummitCo (-€251,362), Sustainable Cleaning Company (-€224,511), THE WALLFASHION HOUSE (-€119,068).
- 19.0% of the added-up total assets sits in one company: NORDIC INFO.
- None of the added-up total assets sits at a company with an elevated or high risk.
Group structure
Who consolidates whom according to the LEI register, completed with who holds more than half of the shares according to the annual accounts. Both mean control.
- Down2Earth Capital II4 subsidiariesNo verdict€49.8m €49.3m 2026
- SummitCo1 subsidiaryNo verdict€16.7m €13.1m 2025
- Healthy · 69€17.9m €2.6m 2025
- Sustainable Cleaning Company1 subsidiaryNo verdict€20.1m €6.7m 2025
- THE WALLFASHION HOUSE1 subsidiaryNo verdict€29.4m €21.2m 2025
- Grandeco Wallfashion Group - Belgium1 subsidiaryHealthy · 80€57.9m €14.0m 2025
- Healthy · 95€830,206 €826,570 2025
- Xplore The North2 subsidiariesHealthy · 80€45.7m €6.8m 2025
- Healthy · 92€12.6m €3.3m 2025
- Healthy · 89€63.8m €12.8m 2025
High risk Elevated Healthy Fair No verdict Amounts: total assets and equity from the latest accounts.
Shared directors
Who sits on the boards of several group companies. This is where control over the group sits in practice.
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5Down2Earth Capital IIgroup company
- 3
- 3
- 2
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2Xplore The Northgroup company
Events in the group
Bankruptcies, director changes, capital changes and other publications of all Belgian group companies, over the last two years.
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Capital decrease of €21,726,953.21 to €57,368,566.76
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CMV Partners CommV resigns as (a )bestuurder
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CMV Partners CommV resigns as (a )bestuurder
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4 directors appointed
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Registered office moved within Kluisbergen
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Registered office moved from Klulsbergen to Kluisbergen
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Where do these figures come from?
Completed with the annual accounts: a company of which another Belgian company holds more than half of the shares, by the list of holdings or the shareholder structure in its accounts, stands under that company, with the share. The register of ultimate beneficial owners (UBO) is not public.
The group's make-up comes from the LEI register (GLEIF): which company consolidates which other, directly or ultimately. A company whose link the register does not state is not listed here, even if it does belong to the group.
The amounts are those of the annual accounts each Belgian company filed with the National Bank, added up without consolidation. The verdict per company is that of its dossier on Checked.be. Everything is updated every night.
Updated on 25-10-2026