ACTIVE

A 2

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

1,8 M €

+20.6% YoY

Revenue

31,7 M €

+3.7% YoY

Equity

8,6 M €

+27.0% YoY

Workforce

141,6 ETP

+19.5% YoY

What does A 2 do?

A 2 is a Public limited company incorporated in 1992. Its registered office is in Frameries. It employs on average 141,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.331.732

Incorporation

11/05/1992

Legal form

Public limited company

Registered office

Rue des Fours-à-Chaux 102
7080 Frameries · WallonieSee on map

Contributed capital

85 000,00 €

Latest accounts

31/12/2025

Average workforce

141,6 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	31,7 M €	+3.7%	30,6 M €	-20.0%	38,2 M €	+117%	17,6 M €	+27.3%	13,9 M €	+6.8%	13 M €	-19.5%	16,1 M €	+20.4%	13,4 M €	+25.2%	10,7 M €	+17.8%	9,1 M €	+11.7%	8,1 M €	+37.7%	5,9 M €		–		–		–		–		–		–		–
EBITDA	4,4 M €	+16.4%	3,8 M €	-31.4%	5,5 M €	+70.8%	3,2 M €	+27.4%	2,5 M €	+6.0%	2,4 M €	-14.0%	2,8 M €	+38.1%	2 M €	+15.7%	1,7 M €	+18.8%	1,5 M €	+5.2%	1,4 M €	+65.9%	843,8 k €	-18.8%	1 M €	+53.1%	678,4 k €	+17.1%	579,1 k €	+5.7%	548,1 k €	+6.5%	514,6 k €	+20.7%	426,3 k €	+19.5%	356,7 k €
Operating result	2,3 M €	+19.2%	1,9 M €	-53.0%	4 M €	+99.5%	2 M €	+57.0%	1,3 M €	+30.1%	989,6 k €	+5.2%	941 k €	+122%	423 k €	+43.4%	294,9 k €	+28.7%	229,2 k €	+3.8%	220,8 k €	+123%	98,9 k €	-58.5%	238,5 k €	+136%	101,1 k €	-4.8%	106,2 k €	-2.2%	108,5 k €	-28.4%	151,5 k €	+31.8%	115 k €	+26.0%	91,3 k €
Net result	1,8 M €	+20.6%	1,5 M €	-49.5%	3 M €	+112%	1,4 M €	+58.8%	898,1 k €	+31.8%	681,2 k €	+20.3%	566,5 k €	+43.9%	393,6 k €	+551%	60,5 k €	-26.1%	81,8 k €	-34.2%	124,3 k €	+249%	35,6 k €	+118%	-196,8 k €	-635%	36,8 k €	-47.3%	69,7 k €	-0.5%	70 k €	-45.8%	129,3 k €	+39.9%	92,4 k €	+57.9%	58,5 k €
Balance sheet
Equity	8,6 M €	+27.0%	6,8 M €	+0.3%	6,8 M €	+52.1%	4,4 M €	+46.7%	3 M €	+18.8%	2,6 M €	+30.5%	2 M €	+50.0%	1,3 M €	+62.5%	803 k €	+8.1%	742,6 k €	+12.4%	660,8 k €	+23.1%	537 k €	+6.1%	506 k €	-28.9%	711,5 k €	+5.1%	676,8 k €	+13.2%	597,7 k €	+14.7%	521,2 k €	+33.0%	391,9 k €	-1.9%	399,5 k €
Total assets	26,3 M €	+0.9%	26 M €	+38.2%	18,8 M €	+49.4%	12,6 M €	+27.8%	9,9 M €	+8.7%	9,1 M €	-20.6%	11,4 M €	+1.7%	11,2 M €	+20.3%	9,4 M €	+15.3%	8,1 M €	+27.3%	6,4 M €	+41.7%	4,5 M €	+39.0%	3,2 M €	-9.4%	3,6 M €	+62.0%	2,2 M €	-3.3%	2,3 M €	+13.0%	2 M €	+22.5%	1,6 M €	+24.3%	1,3 M €
Cash	1,5 M €	+100%	746,9 k €	+85.9%	401,7 k €	-27.8%	556,6 k €	+139%	232,6 k €	+24.2%	187,3 k €	-55.1%	417 k €	+4231%	9,6 k €	-97.6%	396,6 k €	-40.8%	670,1 k €	+56.3%	428,6 k €	+2368%	17,4 k €	+770%	2 k €	-90.8%	21,6 k €	-90.6%	230,4 k €	+691%	29,1 k €	-71.3%	101,6 k €	+4.5%	97,3 k €	+49876%	194,6 €
Debts	17,6 M €	-8.2%	19,2 M €	+59.7%	12 M €	+48.3%	8,1 M €	+18.9%	6,8 M €	+4.7%	6,5 M €	-31.1%	9,5 M €	-4.6%	9,9 M €	+16.3%	8,5 M €	+15.9%	7,4 M €	+29.0%	5,7 M €	+44.3%	4 M €	+46.0%	2,7 M €	-4.6%	2,8 M €	+86.5%	1,5 M €	-9.0%	1,7 M €	+13.0%	1,5 M €	+18.0%	1,3 M €	+36.1%	923,3 k €
Other
Workforce	141,6 ETP	+19.5%	118,5 ETP	+19.3%	99,3 ETP	+7.7%	92,2 ETP	+17.0%	78,8 ETP	+1.9%	77,3 ETP	+9.2%	70,8 ETP	-2.1%	72,3 ETP	+19.7%	60,4 ETP	+19.6%	50,5 ETP	+1.8%	49,6 ETP	+18.9%	41,7 ETP	+24.9%	33,4 ETP	+46.5%	22,8 ETP	+57.2%	14,5 ETP	+19.8%	12,1 ETP	-3.2%	12,5 ETP	+10.6%	11,3 ETP	+25.6%	9,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 17 ended

Active mandates

Didier Govaert

Director · since 16 juin 2023 · until 30 juin 2029

Active

Ignace Govaert

Managing director · since 16 juin 2023 · until 30 juin 2029

Active

Kristof Govaert

Director · since 16 juin 2023 · until 30 juin 2029

Active

Ended mandates

Didier GOVAERT

Director · since 28 mars 2020 · until 28 mars 2026

Ended

IGNACE GOVAERT

Managing director · since 28 mars 2020 · until 28 mars 2026

Ended

KRISTOF GOVAERT

Director · since 28 mars 2020 · until 28 mars 2026

Ended

DIDIER GOVAERT

Director · since 01 mars 2016

Ended

At this address

Other companies at this address

Company	CBE no.
REGOMEF● Active	0668.497.175

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	15 months	12 months	12 months	12 months
Filing date	24/08/2026	29/08/2025	18/09/2024	18/04/2023	26/04/2022	23/04/2021
General meeting	21/08/2026	28/08/2025	18/09/2024	25/03/2023	26/03/2022	31/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	21/08/2026	24/08/2026	French	PDF
Full model	31/12/2024	28/08/2025	29/08/2025	French	PDF
Full model	31/12/2023	18/09/2024	18/09/2024	French	PDF
Full model	30/09/2022	25/03/2023	18/04/2023	French	PDF
Full model	30/09/2021	26/03/2022	26/04/2022	French	PDF
Full model	30/09/2020	31/03/2021	23/04/2021	French	PDF
Full model	30/09/2019	28/03/2020	28/04/2020	French	PDF
Full model	30/09/2018	23/03/2019	25/04/2019	French	PDF
Full model	30/09/2017	24/03/2018	13/04/2018	French	PDF
Full model	30/09/2016	25/03/2017	02/05/2017	French	PDF
Full model	30/09/2015	26/03/2016	19/04/2016	French	PDF
Full model	30/09/2014	28/03/2015	20/05/2015	French	PDF
Abridged model	30/09/2013	22/03/2014	26/03/2014	French	PDF
Abridged model	30/09/2012	23/03/2013	04/04/2013	Dutch	PDF
Abridged model	30/09/2011	24/03/2012	27/04/2012	Dutch	PDF
Abridged model	30/09/2010	26/03/2011	28/03/2011	Dutch	PDF
Abridged model	30/09/2009	27/03/2010	29/03/2010	Dutch	PDF
Abridged model	30/09/2008	28/03/2009	07/04/2009	Dutch	PDF
Abridged model	30/09/2007	22/03/2008	28/04/2008	Dutch	PDF
Abridged model	30/09/2006	24/03/2007	27/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 17 ended

Active mandates

Didier Govaert

Director · since 16 juin 2023 · until 30 juin 2029

Active

Ignace Govaert

Managing director · since 16 juin 2023 · until 30 juin 2029

Active

Kristof Govaert

Director · since 16 juin 2023 · until 30 juin 2029

Active

Ended mandates

Didier GOVAERT

Director · since 28 mars 2020 · until 28 mars 2026

Ended

IGNACE GOVAERT

Managing director · since 28 mars 2020 · until 28 mars 2026

Ended

KRISTOF GOVAERT

Director · since 28 mars 2020 · until 28 mars 2026

Ended

DIDIER GOVAERT

Director · since 01 mars 2016

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/10/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates03/07/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Other25/01/2022
DIVERSEN
PDF
Mandates23/12/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates11/06/2020
DEMISSIONS, NOMINATIONS
PDF
Registered office28/05/2018
SIEGE SOCIAL
PDF
Mandates15/04/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates02/04/2014
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20251,8 M €↑
2024
Annual accounts 20241,5 M €↓
2023
Annual accounts 20233 M €↑
2022
Annual accounts 20221,4 M €↑
2022
Name changeA 2
2021
Annual accounts 2021898,1 k €↑
2021
Name changeA2
2020
Annual accounts 2020681,2 k €↑
2019
Annual accounts 2019566,5 k €↑
2018
Annual accounts 2018393,6 k €↑
2017
Annual accounts 201760,5 k €↓
2016
Annual accounts 201681,8 k €↓
2015
Annual accounts 2015124,3 k €↑
2014
Annual accounts 201435,6 k €↑
2013
Annual accounts 2013-196,8 k €↓
2012
Annual accounts 201236,8 k €↓
2011
Annual accounts 201169,7 k €↓
2010
Annual accounts 201070 k €↓
2009
Annual accounts 2009129,3 k €↑
2008
Annual accounts 200892,4 k €↑
2007
Annual accounts 200758,5 k €
11/05/1992
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

A 2

Overview

What does A 2 do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline