ACTIVE

Vlaanderen Twee

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Financial year 2025 · Closed on 31/12/2025

Net result-764,2 k €+28,5 %over 1 year

Gross margin-542,8 k €+8,3 %over 1 year

Equity-739,7 k €+92,0 %over 1 year

Workforce1,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

Vlaanderen Twee is a Public limited company incorporated in 2000. Its main activity is: Radio broadcasting. Its registered office is in Antwerpen. It employs on average 1,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0470.302.619
Incorporation: 01/02/2000
Legal form: Public limited company
Registered office: Katwilgweg 2
2050 Antwerpen · FlandreSee on map
Contributed capital: 9 372 034,98 €
Latest accounts: 31/12/2025
Average workforce: 1,0 ETP

Activities (NACE)

60100Radio broadcasting· main 60100Radio broadcasting 62090Other information technology and computer service activities 62900Computer programming, consultancy and related activities 72600Scientific research and development

Joint committees (1)

Signals

Healthy social debts

Financials

Source · NBB, 20 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-542,8 k €	+8.3%	-591,7 k €	+43.5%	-1 M €	+23.7%	-1,4 M €	-1.2%	-1,4 M €
EBITDA	-595,2 k €	+6.7%	-637,7 k €	+41.0%	-1,1 M €	+28.6%	-1,5 M €	+3.3%	-1,6 M €
Operating result	-614,5 k €	+6.6%	-658,1 k €	+42.3%	-1,1 M €	+27.8%	-1,6 M €	+3.9%	-1,6 M €
Net result	-764,2 k €	+28.5%	-1,1 M €	+27.1%	-1,5 M €	+11.9%	-1,7 M €	+1.7%	-1,7 M €
Balance sheet
Equity	-739,7 k €	+92.0%	-9,2 M €	-13.1%	-8,1 M €	-21.9%	-6,7 M €	-33.2%	-5 M €
Total assets	453,8 k €	-14.2%	528,8 k €	+121%	239,6 k €	-29.7%	341 k €	-38.2%	551,6 k €
Cash	43,4 k €	+329%	10,1 k €	+29.8%	7,8 k €	-42.8%	13,6 k €	-85.7%	95,5 k €
Debts	1,2 M €	-87.8%	9,7 M €	+17.6%	8,3 M €	+18.6%	7 M €	+25.4%	5,6 M €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-65.5%	2,9 ETP	-32.6%	4,3 ETP

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe De Boungne	Bestuurder27/06/2025 → 16/05/2031
ZENOFI0645.947.051Represented by Martine Vandezande	Bestuurder27/06/2025 → 16/05/2031
Gert Ysebaert	Director24/11/2017 → 15/05/2026
Kenny Henderyckx	Director17/05/2023 → 15/05/2026
STEVEN ALLCOCK0548.930.819Represented by Steven Allcock	Director17/05/2023 → 15/05/2026
Wim Tack	Director27/02/2015 → 15/05/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Danny Lelie	Director03/09/2019 → 2022 accounts
EIFERMAN0695.847.910Represented by Koen Verwee	Director03/09/2019 → 2022 accounts
Dieter Nieuwdorp	Director24/11/2017 → 2019 accounts

Other companies at this address

Katwilgweg 2 2050 Antwerpen

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Capstone Partners● Active	0428.604.002
Capstone Partners GloBE P2 Group● Active	1016.584.051
HOUSE OF RECRUITMENT SOLUTIONS● Active	0728.656.674
KATHOLIEK IMPULS-EN MEDIAFONDS● Active	0409.977.131
MATHER ECONOMICS BELGIUM● Active	0789.726.191
MEDIACORE● Active	0428.604.297
MEDIAHUIS● Active	0439.849.666
MEDIAHUIS● Active	0892.244.897
Mediahuis Partners● Active	0415.969.454
MEDIAHUIS TECHNOLOGY & PRODUCT STUDIO● Active	0429.811.651
Rondom Media● Active	0444.716.591
RouteYou● Active	0873.812.127
UPM● Active	0406.082.778
VERENIGING VAN JOURNALISTEN VAN GAZET VAN ANTWERPEN - VZW● Active	0820.482.220
VLAAMSE RADIO NIEUWSDIENST● Active	0451.704.947
VLAANDEREN EEN● Active	0890.243.036
WAYNE PARKER KENT BELGIË● Active	0692.781.423
WEBPLICATIONS● Active	0895.164.696

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Full 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	23/07/2026	14/07/2025	11/07/2024	18/07/2023	14/07/2022	08/07/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	17/05/2023	20/05/2022	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/05/2026	23/07/2026	Dutch	PDF
Abridged model	31/12/2024	16/05/2025	14/07/2025	Dutch	PDF
Abridged model	31/12/2023	17/05/2024	11/07/2024	Dutch	PDF
Abridged model	31/12/2022	17/05/2023	18/07/2023	Dutch	PDF
Abridged model	31/12/2021	20/05/2022	14/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	08/07/2021	Dutch	PDF
Full model	31/12/2019	17/07/2020	17/09/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	17/07/2019	Dutch	PDF
Full model	31/12/2017	18/05/2018	27/06/2018	Dutch	PDF
Full model	31/12/2016	19/05/2017	28/06/2017	Dutch	PDF
Full model	31/12/2015	20/05/2016	24/06/2016	Dutch	PDF
Full model	31/12/2014	15/05/2015	17/06/2015	Dutch	PDF
Full model	31/12/2013	16/06/2014	25/06/2014	Dutch	PDF
Full model	31/12/2012	17/05/2013	07/06/2013	Dutch	PDF
Full model	31/12/2011	18/05/2012	14/06/2012	Dutch	PDF
Full model	31/12/2010	31/03/2011	30/06/2011	Dutch	PDF
Full model	31/12/2009	11/06/2010	08/07/2010	Dutch	PDF
Full model	31/12/2008	05/06/2009	03/07/2009	Dutch	PDF
Full model	31/12/2007	16/05/2008	13/06/2008	Dutch	PDF
Full model	31/12/2006	25/05/2007	04/07/2007	Dutch	PDF

Indicative valuation

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.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe De Boungne	Bestuurder27/06/2025 → 16/05/2031
ZENOFI0645.947.051Represented by Martine Vandezande	Bestuurder27/06/2025 → 16/05/2031
Gert Ysebaert	Director24/11/2017 → 15/05/2026
Kenny Henderyckx	Director17/05/2023 → 15/05/2026
STEVEN ALLCOCK0548.930.819Represented by Steven Allcock	Director17/05/2023 → 15/05/2026
Wim Tack	Director27/02/2015 → 15/05/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Danny Lelie	Director03/09/2019 → 2022 accounts
EIFERMAN0695.847.910Represented by Koen Verwee	Director03/09/2019 → 2022 accounts
Dieter Nieuwdorp	Director24/11/2017 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates09/10/2026
Herbenoemingen
PDF
Mandates05/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/08/2025
BENAMING - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other16/05/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/03/2022
ONTSLAGEN - BENOEMINGEN
PDF

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

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings17 filings

Mandates

ZENOFI

Philippe De Boungne

STEVEN ALLCOCK

Wim Tack

Kenny Henderyckx

Gert Ysebaert

EIFERMAN

Danny Lelie

Dominic Stas

Dieter Nieuwdorp

Jeroen Bronselaer

Bruno Cartier d'Yves

Show the 7 other mandates

20002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

Vlaanderen TweeSBS Media Belgium

Katwilgweg 2, 2050 Antwerp-2050Harensesesteenweg 224, 1800 Vilvoorde

Bestuurder

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Katwilgweg 2, 2050 Antwerp-2050Current	accounts 2025	Accounts 2025 · 2026-00336662
Harensesesteenweg 224, 1800 Vilvoorde	accounts 2021 → 2024	Accounts 2024 · 2025-00276562

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Vlaanderen TweeCurrent	accounts 2025	Accounts 2025 · 2026-00336662
SBS Media Belgium	accounts 2010 → 2024	Accounts 2024 · 2025-00276562
VT4 NETWORK	accounts 2008	Accounts 2008 · 2009-34900072

Events

2025
Annual accounts 2025-764,2 k €↑
2025
Name changeVlaanderen Twee
2024
Annual accounts 2024-1,1 M €↑
2023
Annual accounts 2023-1,5 M €↑
2022
Annual accounts 2022-1,7 M €↑
2021
Annual accounts 2021-1,7 M €↓
2020
Annual accounts 2020-1,5 M €↓
2019
Annual accounts 2019-1,2 M €↓
2018
Annual accounts 2018-533,7 k €↓
2017
Annual accounts 2017-148 k €↓
2016
Annual accounts 2016-130 €↓
2015
Annual accounts 20154 k €↑
2014
Annual accounts 2014-1,1 k €↓
2013
Annual accounts 201337,1 k €↑
2012
Annual accounts 2012-22,5 k €↑
2011
Annual accounts 2011-39,8 k €↑
2010
Annual accounts 2010-40 k €↑
2010
Name changeSBS Media Belgium
2008
Annual accounts 2008-43,5 k €
01/02/2000
IncorporationPublic limited company

Vlaanderen Twee

Overview

Identity

Financials

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

Timeline

Registered offices

Company names

Events