Two by Two - Letter & Beeld
0452.002.974 · rovalta.com · 24/09/2026
ACTIVE
Two by Two - Letter & Beeld
Financial year 2025 · closed on 31/12/2025
Net result
48,4 k €
+17.9% YoY
Gross margin
128,1 k €
+4.1% YoY
Equity
231,9 k €
+26.3% YoY
Overview
What does Two by Two - Letter & Beeld do?
Two by Two - Letter & Beeld is a Private limited company incorporated in 1994. Its main activity is: Other printing. Its registered office is in Lebbeke.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0452.002.974
Incorporation
26/01/1994
Legal form
Private limited company
Registered office
Aalstersestraat 77
9280 Lebbeke · FlandreSee on map
9280 Lebbeke · FlandreSee on map
Contributed capital
74 368,06 €
Latest accounts
31/12/2025
Activities (NACE)
Joint committees (2)
- 130
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 128,1 k € | +4.1% | 123,1 k € | +6.2% | 115,9 k € | +12.5% | 103 k € | -5.4% | 108,9 k € | -12.9% | 125 k € | -8.3% | 136,2 k € | -2.4% | 139,6 k € | +18.7% | 117,6 k € | -6.9% | 126,2 k € | +7.3% | 117,7 k € | -30.8% | 170 k € | -2.2% | 173,9 k € | -30.2% | 249,2 k € | -8.3% | 271,7 k € | -37.9% | 437,4 k € | +99.6% | 219,2 k € | +16.3% | 188,4 k € | +2.9% | 183,1 k € | +5.3% | 173,8 k € |
| EBITDA | 75,1 k € | +9.6% | 68,6 k € | +25.4% | 54,7 k € | +1902% | 2,7 k € | -84.8% | 17,9 k € | -56.4% | 41,1 k € | +22.2% | 33,6 k € | -14.3% | 39,2 k € | +49.0% | 26,3 k € | +552% | 4 k € | +124% | -17,1 k € | -168% | 25 k € | -40.0% | 41,7 k € | -60.2% | 104,7 k € | +7.6% | 97,3 k € | -9.8% | 107,9 k € | +39.9% | 77,1 k € | -25.8% | 104 k € | +0.1% | 103,8 k € | +8.8% | 95,4 k € |
| Operating result | 68,4 k € | +4.0% | 65,8 k € | +26.1% | 52,1 k € | +6896% | 745,3 € | -95.4% | 16,2 k € | -58.4% | 39 k € | +26.7% | 30,8 k € | -11.7% | 34,8 k € | +58.3% | 22 k € | +3294% | -689,1 € | +98.9% | -62,8 k € | -90.6% | -33 k € | -96.9% | -16,7 k € | -138% | 44,3 k € | +12.6% | 39,4 k € | +7.2% | 36,7 k € | +461% | 6,6 k € | -61.8% | 17,2 k € | -33.5% | 25,8 k € | +70.3% | 15,2 k € |
| Net result | 48,4 k € | +17.9% | 41 k € | +22.5% | 33,5 k € | +353% | -13,2 k € | -405% | 4,3 k € | -86.0% | 31,1 k € | +78.6% | 17,4 k € | +84.8% | 9,4 k € | +59.8% | 5,9 k € | +135% | -17 k € | +77.8% | -76,3 k € | -222% | -23,7 k € | -15.4% | -20,5 k € | -299% | 10,3 k € | +7252% | -144 € | -101% | 11 k € | +286% | -5,9 k € | -112% | 49,8 k € | +309% | 12,2 k € | +109% | 5,8 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 231,9 k € | +26.3% | 183,5 k € | +28.8% | 142,5 k € | +30.7% | 109 k € | -10.8% | 122,3 k € | +3.7% | 117,9 k € | +35.8% | 86,8 k € | +25.0% | 69,5 k € | +15.7% | 60 k € | +10.9% | 54,2 k € | -23.8% | 71,1 k € | -51.7% | 147,4 k € | -13.8% | 171 k € | -10.7% | 191,5 k € | +5.7% | 181,2 k € | -0.1% | 181,4 k € | +6.5% | 170,4 k € | +13.6% | 149,9 k € | +8.3% | 138,4 k € | +9.7% | 126,2 k € |
| Total assets | 341,6 k € | +24.3% | 274,9 k € | +11.8% | 246 k € | +7.3% | 229,2 k € | -2.6% | 235,4 k € | -5.1% | 247,9 k € | -12.8% | 284,5 k € | +1.5% | 280,3 k € | +8.2% | 259,1 k € | +7.7% | 240,6 k € | -15.0% | 283,3 k € | -28.2% | 394,4 k € | -1.5% | 400,6 k € | -17.4% | 484,7 k € | -17.3% | 586,1 k € | -1.1% | 592,9 k € | -18.3% | 726 k € | +21.8% | 596 k € | +37.6% | 433,2 k € | -8.4% | 473,1 k € |
| Cash | 16,3 k € | -34.1% | 24,7 k € | +518% | 4 k € | +16.4% | 3,4 k € | -26.1% | 4,6 k € | -52.5% | 9,8 k € | -11.1% | 11 k € | – | 214,2 € | 0.0% | 214,2 € | -83.5% | 1,3 k € | +15.1% | 1,1 k € | -61.9% | 3 k € | -74.6% | 11,7 k € | -40.0% | 19,4 k € | +14.6% | 17 k € | +2225% | 729,2 € | -84.9% | 4,8 k € | -73.2% | 18 k € | +271% | 4,8 k € | ||
| Debts | 109,2 k € | +20.4% | 90,7 k € | -12.2% | 103,2 k € | -13.0% | 118,6 k € | +22.0% | 97,2 k € | -25.2% | 130 k € | -34.2% | 197,6 k € | -6.2% | 210,8 k € | +9.3% | 192,8 k € | +5.7% | 182,5 k € | -14.0% | 212,1 k € | -14.1% | 247 k € | +11.4% | 221,7 k € | -18.7% | 272,7 k € | -29.2% | 385,3 k € | -1.5% | 391,1 k € | -26.9% | 535,3 k € | +23.0% | 435 k € | +49.5% | 290,9 k € | -15.2% | 343 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | 3,1 ETP | +3.3% | 3,0 ETP | 0.0% | 3,0 ETP | -6.3% | 3,2 ETP | -22.0% | 4,1 ETP | -18.0% | 5,0 ETP | +47.1% | 3,4 ETP | +70.0% | 2,0 ETP | 0.0% | 2,0 ETP | 0.0% | 2,0 ETP | ||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 15 ended
Active mandates
Johan Maes
ActiveJurgen Heyvaert
ActiveEnded mandates
Johan Maes
EndedJurgen Heyvaert
EndedJohan Maes
EndedJurgen Heyvaert
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 11/06/2026 | 09/05/2025 | 11/07/2024 | 28/09/2023 | 26/09/2022 | 29/10/2021 |
| General meeting | 02/05/2026 | 03/05/2025 | 04/05/2024 | 06/05/2023 | 07/05/2022 | 03/05/2021 |
| 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 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 02/05/2026 | 11/06/2026 | Dutch | |
| Micro model | 31/12/2024 | 03/05/2025 | 09/05/2025 | Dutch | |
| Micro model | 31/12/2023 | 04/05/2024 | 11/07/2024 | Dutch | |
| Micro model | 31/12/2022 | 06/05/2023 | 28/09/2023 | Dutch | |
| Micro model | 31/12/2021 | 07/05/2022 | 26/09/2022 | Dutch | |
| Micro model | 31/12/2020 | 03/05/2021 | 29/10/2021 | Dutch | |
| Micro model | 31/12/2019 | 02/05/2020 | 30/10/2020 | Dutch | |
| Micro model | 31/12/2018 | 04/05/2019 | 29/08/2019 | Dutch | |
| Micro model | 31/12/2017 | 05/05/2018 | 27/08/2018 | Dutch | |
| Micro model | 31/12/2016 | 05/04/2017 | 31/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 05/04/2016 | 31/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 07/04/2015 | 21/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 01/04/2014 | 12/02/2015 | Dutch | |
| Abridged model | 31/12/2012 | 02/04/2013 | 30/10/2013 | Dutch | |
| Abridged model | 31/12/2011 | 03/04/2012 | 11/01/2013 | Dutch | |
| Abridged model | 31/12/2010 | 05/04/2011 | 30/09/2011 | Dutch | |
| Abridged model | 31/12/2009 | 05/04/2010 | 30/09/2010 | Dutch | |
| Abridged model | 31/12/2008 | 06/04/2009 | 31/08/2009 | Dutch | |
| Abridged model | 31/12/2007 | 07/04/2008 | 31/08/2008 | Dutch | |
| Abridged model | 31/12/2006 | 02/04/2007 | 31/08/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 250 k€ and 500 k€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 15 ended
Active mandates
Johan Maes
ActiveJurgen Heyvaert
ActiveEnded mandates
Johan Maes
EndedJurgen Heyvaert
EndedJohan Maes
EndedJurgen Heyvaert
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates15/04/2025STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
- Mandates10/08/2021ONTSLAGEN - BENOEMINGEN
- Mandates02/12/2015ONTSLAGEN - BENOEMINGEN
- Mandates31/12/2009MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
- Mandates22/12/2003ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202548,4 k €↑
- 2024Annual accounts 202441 k €↑
- 2023Annual accounts 202333,5 k €↑
- 2022Annual accounts 2022-13,2 k €↓
- 2021Annual accounts 20214,3 k €↓
- 2021Name changeTwo byTwo Letter en Beeld
- 2020Annual accounts 202031,1 k €↑
- 2019Annual accounts 201917,4 k €↑
- 2018Annual accounts 20189,4 k €↑
- 2017Annual accounts 20175,9 k €↑
- 2016Annual accounts 2016-17 k €↑
- 2015Annual accounts 2015-76,3 k €↓
- 2014Annual accounts 2014-23,7 k €↓
- 2013Annual accounts 2013-20,5 k €↓
- 2012Annual accounts 201210,3 k €↑
- 2011Annual accounts 2011-144 €↓
- 2010Annual accounts 201011 k €↑
- 2009Annual accounts 2009-5,9 k €↓
- 2008Annual accounts 200849,8 k €↑
- 2007Annual accounts 200712,2 k €↑
- 2006Annual accounts 20065,8 k €
- 2006Name changeTwo by Two - Letter & Beeld
- 26/01/1994IncorporationPrivate limited company