ACTIVE

TWO

Export PDF

Financial year 2025 · closed on 30/06/2025

Net result

96,3 k €

-46.8% YoY

Gross margin

212,8 k €

-27.5% YoY

Equity

129,0 k €

+295.0% YoY

What does TWO do?

TWO is a Private limited company incorporated in 1999. Its main activity is: Management consultancy activities. Its registered office is in Destelbergen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.034.232

Incorporation

14/01/1999

Legal form

Private limited company

Registered office

Haenhoutstraat 149
9070 Destelbergen · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/06/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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 17 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	212,8 k €	-27.5%	293,4 k €	-2.1%	299,7 k €	+175%	109,2 k €	+655%	-19,7 k €	-129%	68,8 k €	+16.7%	58,9 k €	-46.1%	109,3 k €	+495%	-27,7 k €	-80.2%	-15,4 k €	-108%	185,6 k €	+64.5%	112,8 k €	-42.6%	196,6 k €	+67.5%	117,4 k €	+98.3%	59,2 k €	+52959%	-112,0 €	-100%	42,2 k €
EBITDA	210,0 k €	-26.5%	285,6 k €	-3.6%	296,4 k €	+177%	107,0 k €	+456%	-30,0 k €	-145%	66,5 k €	+17.5%	56,6 k €	-46.9%	106,6 k €	+362%	-40,7 k €	-72.0%	-23,6 k €	-113%	179,5 k €	+64.5%	109,1 k €	-43.8%	194,1 k €	+72.5%	112,5 k €	+105%	55,0 k €	+630%	-10,4 k €	-133%	31,7 k €
Operating result	146,2 k €	-34.9%	224,6 k €	-2.9%	231,4 k €	+357%	50,6 k €	+156%	-91,0 k €	-2103%	4,5 k €	+562%	686,7 €	-98.5%	44,9 k €	+145%	-99,0 k €	-12.7%	-87,9 k €	-174%	118,3 k €	+85.0%	64,0 k €	-53.0%	136,0 k €	+104%	66,8 k €	+203%	-64,7 k €	-287%	-16,7 k €	-166%	25,3 k €
Net result	96,3 k €	-46.8%	181,1 k €	-18.9%	223,5 k €	+400%	44,7 k €	+145%	-100,3 k €	-602%	-14,3 k €	+34.1%	-21,7 k €	-197%	22,3 k €	+118%	-126,7 k €	-13.8%	-111,3 k €	-286%	59,8 k €	+244%	17,4 k €	-80.8%	90,5 k €	+204%	29,7 k €	+127%	-111,2 k €	-372%	-23,6 k €	-235%	17,5 k €
Balance sheet
Equity	129,0 k €	+295%	32,6 k €	+122%	-146,8 k €	+60.4%	-370,3 k €	-42.0%	-260,9 k €	-62.4%	-160,6 k €	-9.8%	-146,3 k €	-17.4%	-124,6 k €	+15.2%	-146,9 k €	-626%	-20,3 k €	-122%	91,0 k €	+192%	31,2 k €	+126%	13,8 k €	+4.1%	13,3 k €	+181%	-16,5 k €	-117%	94,7 k €	-19.9%	118,3 k €
Total assets	309,1 k €	-13.3%	356,4 k €	-30.0%	509,1 k €	+50.6%	338,1 k €	-25.2%	452,0 k €	-9.0%	496,6 k €	-13.8%	576,2 k €	-13.1%	662,7 k €	+9.2%	606,8 k €	-11.3%	684,5 k €	-22.0%	877,9 k €	+7.5%	816,5 k €	-13.9%	948,7 k €	-19.5%	1,2 M €	-5.9%	1,3 M €	+563%	189,0 k €	+5.7%	178,9 k €
Cash	75,9 k €	+30.2%	58,3 k €	-69.7%	192,5 k €	+10446%	1,8 k €	-51.6%	3,8 k €		–		4,4 k €	-87.3%	34,8 k €	+128%	15,3 k €	+147%	6,2 k €	-76.4%	26,2 k €	-18.1%	32,0 k €	+5.6%	30,3 k €	+37.0%	22,1 k €	+63.2%	13,6 k €	+0.9%	13,4 k €	+13.6%	11,8 k €
Debts	180,2 k €	-44.3%	323,7 k €	-50.6%	655,2 k €	-7.5%	708,3 k €	-0.6%	712,7 k €	+8.4%	657,2 k €	-9.0%	722,5 k €	-8.2%	787,4 k €	+4.5%	753,8 k €	+7.0%	704,7 k €	-10.4%	786,9 k €	+0.3%	784,5 k €	-16.1%	934,9 k €	-19.7%	1,2 M €	-8.2%	1,3 M €	+1262%	93,2 k €	+53.9%	60,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 4 ended

Active mandates

Sofie De Smet

Director · since 01 avril 2002

Active

Conrad Tuytte

Director · since 31 décembre 1998

Active

Ended mandates

Conrad Tuytte

Mandate

Ended

Conrad Tuytte

Manager

Ended

Sofie De Smet

Manager

Ended

SOFIE DE SMET

Director

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/02/2026	24/12/2024	23/01/2024	13/02/2023	20/12/2021	16/12/2020
General meeting	31/12/2025	06/12/2024	01/12/2023	02/12/2022	03/12/2021	04/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	31/12/2025	02/02/2026	Dutch	PDF
Micro model	30/06/2024	06/12/2024	24/12/2024	Dutch	PDF
Micro model	30/06/2023	01/12/2023	23/01/2024	Dutch	PDF
Micro model	30/06/2022	02/12/2022	13/02/2023	Dutch	PDF
Micro model	30/06/2021	03/12/2021	20/12/2021	Dutch	PDF
Micro model	30/06/2020	04/12/2020	16/12/2020	Dutch	PDF
Micro model	30/06/2019	06/12/2019	09/12/2019	Dutch	PDF
Micro model	30/06/2018	07/12/2018	10/12/2018	Dutch	PDF
Micro model	30/06/2017	01/12/2017	22/12/2017	Dutch	PDF
Abridged model	30/06/2016	02/12/2016	21/12/2016	Dutch	PDF
Abridged model	30/06/2015	04/12/2015	13/01/2016	Dutch	PDF
Abridged model	30/06/2014	26/12/2014	13/01/2015	Dutch	PDF
Abridged model	30/06/2013	20/09/2013	28/02/2014	Dutch	PDF
Abridged model	30/06/2012	20/12/2012	23/01/2013	Dutch	PDF
Abridged model	30/06/2011	02/12/2011	03/01/2012	Dutch	PDF
Abridged model	30/06/2010	03/12/2010	29/04/2011	Dutch	PDF
Abridged model	30/06/2009	04/12/2009	01/04/2010	Dutch	PDF
Abridged model	30/06/2008	05/12/2008	05/02/2009	Dutch	PDF
Abridged model	30/06/2007	07/12/2007	17/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/06/2025 · 2 active · 4 ended

Active mandates

Sofie De Smet

Director · since 01 avril 2002

Active

Conrad Tuytte

Director · since 31 décembre 1998

Active

Ended mandates

Conrad Tuytte

Mandate

Ended

Conrad Tuytte

Manager

Ended

Sofie De Smet

Manager

Ended

SOFIE DE SMET

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/09/2008
MAATSCHAPPELIJKE ZETEL
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 202596,3 k €↓
2024
Annual accounts 2024181,1 k €↓
2023
Annual accounts 2023223,5 k €↑
2022
Annual accounts 202244,7 k €↑
2019
Annual accounts 2019-100,3 k €↓
2018
Annual accounts 2018-14,3 k €↑
2017
Annual accounts 2017-21,7 k €↓
2016
Annual accounts 201622,3 k €↑
2015
Annual accounts 2015-126,7 k €↓
2014
Annual accounts 2014-111,3 k €↓
2013
Annual accounts 201359,8 k €↑
2012
Annual accounts 201217,4 k €↓
2011
Annual accounts 201190,5 k €↑
2010
Annual accounts 201029,7 k €↑
2009
Annual accounts 2009-111,2 k €↓
2008
Annual accounts 2008-23,6 k €↓
2007
Annual accounts 200717,5 k €
14/01/1999
IncorporationPrivate 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

TWO

Overview

What does TWO do?

Trend over 17 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