ACTIVE

TWO ROADS

Export PDF
Financial year 2024 · closed on 31/12/2024
Net result
42,4 k €
-35.3% YoY
Gross margin
59,8 k €
-40.7% YoY
Equity
259,8 k €
+26.7% YoY

What does TWO ROADS do?

TWO ROADS is a Private limited company incorporated in 2015. Its main activity is: Management consultancy activities. Its registered office is in Lasne.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0644.745.142
Incorporation
22/12/2015
Legal form
Private limited company
Registered office
Champ d'al Vau 21
1380 Lasne · WallonieSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2024
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities85599Other education n.e.c.85599Other education n.e.c.
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 9 financial years

202420232022202120202019201820172016
Income statement
Gross margin59,8 k €100,8 k €85,6 k €82,7 k €41 k €34,1 k €27,2 k €34,9 k €33,9 k €
EBITDA55,9 k €99,9 k €84,2 k €78,2 k €38,1 k €31,7 k €25,7 k €33,2 k €33 k €
Operating result54,5 k €87,2 k €71,5 k €65,5 k €24,6 k €18,2 k €20,1 k €29,2 k €32,8 k €
Net result42,4 k €65,6 k €52,1 k €47,4 k €18,7 k €15,8 k €15,9 k €21 k €27,6 k €
Balance sheet
Equity259,8 k €205 k €189,8 k €137,7 k €90,3 k €71,6 k €55,7 k €39,8 k €18,8 k €
Total assets355 k €295,3 k €263 k €232,3 k €198 k €166,8 k €116,9 k €90,2 k €45 k €
Cash–739,1 €26,8 k €––100 €––3,3 k €
Debts95,2 k €90,4 k €73,2 k €94,5 k €107,7 k €95,2 k €61,2 k €50,4 k €26,2 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 4 ended

Active mandates

Manuel NOIRFALISE

Director · since 20 décembre 2023

Active

Ended mandates

Manuel NOIRFALISE

Director · since 26 décembre 2023

Ended
Manuel Noirfalise

Director

Ended
Manuel Noirfalise

Manager

Ended
Michel NOIRFALISE

Director

Ended
At this address

Other companies at this address

CompanyCBE no.
GL home● Active
1004.377.986
Annual accounts

Full financial information

202420232022202120202019
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/08/202530/08/202431/08/202331/08/202230/08/202123/10/2020
General meeting02/06/202503/06/202405/06/202307/06/202207/06/202102/06/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202402/06/202531/08/2025FrenchPDF
Micro model31/12/202303/06/202430/08/2024FrenchPDF
Micro model31/12/202205/06/202331/08/2023FrenchPDF
Micro model31/12/202107/06/202231/08/2022FrenchPDF
Micro model31/12/202007/06/202130/08/2021FrenchPDF
Micro model31/12/201902/06/202023/10/2020FrenchPDF
Micro model31/12/201803/06/201927/08/2019FrenchPDF
Micro model31/12/201704/06/201831/08/2018FrenchPDF
Micro model31/12/201605/06/201730/08/2017FrenchPDF
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.

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 31/12/2024 · 1 active · 4 ended

Active mandates

Manuel NOIRFALISE

Director · since 20 décembre 2023

Active

Ended mandates

Manuel NOIRFALISE

Director · since 26 décembre 2023

Ended
Manuel Noirfalise

Director

Ended
Manuel Noirfalise

Manager

Ended
Michel NOIRFALISE

Director

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates28/12/2023
    MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office20/05/2019
    SIEGE SOCIAL
    PDF
  • Other05/01/2016
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2024
    Annual accounts 202442,4 k €↓
  2. 2023
    Annual accounts 202365,6 k €↑
  3. 2022
    Annual accounts 202252,1 k €↑
  4. 2021
    Annual accounts 202147,4 k €↑
  5. 2020
    Annual accounts 202018,7 k €↑
  6. 2019
    Annual accounts 201915,8 k €↓
  7. 2018
    Annual accounts 201815,9 k €↓
  8. 2017
    Annual accounts 201721 k €↓
  9. 2016
    Annual accounts 201627,6 k €
  10. 22/12/2015
    IncorporationPrivate limited company