ACTIVE

TWENTYTWO

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Financial year 2025 · closed on 31/12/2025

Net result

66,5 k €

-59.3% YoY

Gross margin

219,2 k €

-35.2% YoY

Equity

450,3 k €

+17.3% YoY

What does TWENTYTWO do?

TWENTYTWO is a Public limited company incorporated in 1995. Its main activity is: Management consultancy activities. Its registered office is in Woluwe-Saint-Pierre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0456.710.345

Incorporation

05/12/1995

Legal form

Public limited company

Registered office

Avenue Edmond Parmentier 101
1150 Woluwe-Saint-Pierre · BruxellesSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 68310Real estate agencies 68311Real estate agencies

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

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	219,2 k €	-35.2%	338,5 k €	+12.0%	302,2 k €	+64.8%	183,3 k €	+27.7%	143,6 k €	+19.4%	120,2 k €	+20.1%	100,1 k €	+17.4%	85,2 k €	+62.1%	52,5 k €	+10.8%	47,4 k €	-9.7%	52,6 k €	+103%	25,8 k €	-10.6%	28,9 k €	-42.5%	50,3 k €	-13.8%	58,4 k €	-2.1%	59,6 k €	+1639%	-3,9 k €	-186%	4,5 k €	+48.0%	3 k €	+14.7%	2,7 k €
EBITDA	212,8 k €	-35.8%	331,2 k €	+11.8%	296,3 k €	+66.7%	177,7 k €	+28.8%	138 k €	+20.6%	114,4 k €	+21.2%	94,4 k €	+17.9%	80,1 k €	+64.8%	48,6 k €	+10.6%	43,9 k €	-11.2%	49,5 k €	+114%	23,1 k €	-8.8%	25,3 k €	-46.0%	46,9 k €	-18.1%	57,3 k €	-2.1%	58,5 k €	+1234%	-5,2 k €	-247%	3,5 k €	+30.3%	2,7 k €	+24.0%	2,2 k €
Operating result	129,6 k €	-50.0%	259,2 k €	+15.8%	223,9 k €	+111%	106,2 k €	+69.0%	62,9 k €	+48.2%	42,4 k €	+204%	13,9 k €	+2334%	-624,1 €	+97.2%	-22,2 k €	-331%	9,6 k €	-36.6%	15,2 k €	+213%	-13,5 k €	-3.4%	-13 k €	-260%	8,2 k €	-76.9%	35,2 k €	-26.3%	47,8 k €	+412%	-15,3 k €	-681%	-2 k €	+29.4%	-2,8 k €	+15.8%	-3,3 k €
Net result	66,5 k €	-59.3%	163,7 k €	+15.0%	142,3 k €	+118%	65,4 k €	+79.3%	36,4 k €	+178%	13,1 k €	+179%	-16,6 k €	+48.3%	-32,1 k €	+27.3%	-44,2 k €	-1092%	-3,7 k €	-751%	569 €	+102%	-28,4 k €	-0.1%	-28,3 k €	-258%	-7,9 k €	-135%	22,9 k €	-38.7%	37,3 k €	+310%	-17,8 k €	-183%	-6,3 k €	+51.4%	-12,9 k €	+66.6%	-38,7 k €
Balance sheet
Equity	450,3 k €	+17.3%	383,7 k €	+74.4%	220,1 k €	+183%	77,8 k €	+525%	12,4 k €	+152%	-24 k €	+35.3%	-37,1 k €	-80.9%	-20,5 k €	-277%	11,6 k €	-79.2%	55,7 k €	-6.2%	59,5 k €	+1.0%	58,9 k €	-32.5%	87,3 k €	-24.5%	115,6 k €	-6.4%	123,5 k €	+22.7%	100,7 k €	+58.9%	63,3 k €	-21.9%	81,1 k €	+218%	-68,5 k €	-23.3%	-55,6 k €
Total assets	1,3 M €	+8.5%	1,2 M €	+14.9%	1 M €	+14.4%	882,1 k €	+3.8%	850,1 k €	-1.6%	864,1 k €	-3.3%	893,3 k €	-5.7%	947,2 k €	+1.6%	932,2 k €	+199%	312,1 k €	-9.3%	343,9 k €	-7.2%	370,8 k €	-8.9%	407 k €	-9.4%	449,2 k €	+10.9%	404,9 k €	+35.0%	300 k €	+18.6%	252,8 k €	-3.5%	262,1 k €	+135%	111,6 k €	-5.5%	118,1 k €
Cash	112,8 k €	-22.7%	145,8 k €	-17.9%	177,7 k €	+33.8%	132,9 k €	+111%	63 k €	+178%	22,7 k €	-28.6%	31,8 k €	+278%	8,4 k €	+1291%	604,5 €	-91.6%	7,2 k €	+43.3%	5 k €	+2284%	210,3 €		–		3,4 k €	-59.2%	8,3 k €	+76.1%	4,7 k €	+418%	912 €		–		–		19 €
Debts	805,9 k €	+4.1%	774,4 k €	-1.7%	787,8 k €	-2.0%	804,2 k €	-3.7%	835 k €	-5.6%	884,5 k €	-4.2%	923,5 k €	-4.1%	963 k €	+5.1%	916,7 k €	+259%	255,2 k €	-9.8%	283 k €	-9.0%	311,1 k €	-2.5%	319,1 k €	-4.0%	332,5 k €	+18.4%	280,7 k €	+41.2%	198,8 k €	+5.2%	188,9 k €	+4.4%	180,9 k €	+0.5%	180,1 k €	+13.4%	158,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Simon BEER

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

Active

Sophie LAMBERT

Chairman of the board of directors · since 30 juin 2023 · until 30 juin 2029

Active

Ended mandates

Simon BEER

Managing director · since 30 juin 2014 · until 30 juin 2023

Ended

SIMON BEER

Managing director · since 30 juin 2014 · until 30 juin 2020

Ended

Sophie LAMBERT

Chairman of the board of directors · since 30 juin 2014 · until 30 juin 2023

Ended

SOPHIE LAMBERT

Chairman of the board of directors · since 30 juin 2014 · until 30 juin 2020

Ended

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	29/07/2026	25/07/2025	01/07/2024	07/07/2023	07/07/2022	06/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	30/06/2022	30/06/2021
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

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Filings

Annual accounts filings

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	29/07/2026	French	PDF
Micro model	31/12/2024	27/06/2025	25/07/2025	French	PDF
Micro model	31/12/2023	28/06/2024	01/07/2024	French	PDF
Micro model	31/12/2022	30/06/2023	07/07/2023	French	PDF
Micro model	31/12/2021	30/06/2022	07/07/2022	French	PDF
Micro model	31/12/2020	30/06/2021	06/07/2021	French	PDF
Micro model	31/12/2019	30/06/2020	09/07/2020	French	PDF
Micro model	31/12/2018	29/06/2019	23/07/2019	French	PDF
Abridged model	31/12/2017	29/06/2018	07/08/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	07/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	26/07/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	27/07/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	20/08/2014	French	PDF
Abridged model	31/12/2012	29/06/2013	21/08/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	27/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	08/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	20/07/2010	French	PDF
Abridged model	31/12/2008	31/05/2009	10/09/2009	French	PDF
Abridged model	31/12/2007	31/05/2008	10/09/2009	French	PDF
Abridged model	31/12/2006	31/05/2007	10/09/2009	French	PDF
Abridged model	31/12/2005	30/06/2006	30/01/2007	French	PDF
Abridged model	31/12/2004	30/06/2005	30/01/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 9 ended

Active mandates

Simon BEER

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

Active

Sophie LAMBERT

Chairman of the board of directors · since 30 juin 2023 · until 30 juin 2029

Active

Ended mandates

Simon BEER

Managing director · since 30 juin 2014 · until 30 juin 2023

Ended

SIMON BEER

Managing director · since 30 juin 2014 · until 30 juin 2020

Ended

Sophie LAMBERT

Chairman of the board of directors · since 30 juin 2014 · until 30 juin 2023

Ended

SOPHIE LAMBERT

Chairman of the board of directors · since 30 juin 2014 · until 30 juin 2020

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other27/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE
PDF
Mandates04/12/2023
DEMISSIONS, NOMINATIONS
PDF
Registered office14/08/2018
SIEGE SOCIAL
PDF
Mandates18/07/2017
DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates16/09/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates21/01/2010
DENOMINATION - OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates02/12/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates27/06/2007
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202566,5 k €↓
2024
Annual accounts 2024163,7 k €↑
2023
Annual accounts 2023142,3 k €↑
2022
Annual accounts 202265,4 k €↑
2022
Name changeTWENTY-TWO
2021
Annual accounts 202136,4 k €↑
2021
Name changeTWENTYTWO
2020
Annual accounts 202013,1 k €↑
2019
Annual accounts 2019-16,6 k €↑
2018
Annual accounts 2018-32,1 k €↑
2017
Annual accounts 2017-44,2 k €↓
2016
Annual accounts 2016-3,7 k €↓
2015
Annual accounts 2015569 €↑
2014
Annual accounts 2014-28,4 k €↓
2013
Annual accounts 2013-28,3 k €↓
2012
Annual accounts 2012-7,9 k €↓
2011
Annual accounts 201122,9 k €↓
2010
Annual accounts 201037,3 k €↑
2009
Annual accounts 2009-17,8 k €↓
2008
Annual accounts 2008-6,3 k €↑
2007
Annual accounts 2007-12,9 k €↑
2006
Annual accounts 2006-38,7 k €
05/12/1995
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

TWENTYTWO

Overview

What does TWENTYTWO do?

Trend over 20 financial years

Indicative valuation

Board of directors

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