ACTIVE

TWO BIRDS

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Financial year 2025 · closed on 31/12/2025
Net result
18,4 k €
+698.8% YoY
Gross margin
71,3 k €
+40.7% YoY
Equity
-59,1 k €
+23.8% YoY

What does TWO BIRDS do?

TWO BIRDS is a Private limited company incorporated in 2017. Its main activity is: Buying and selling of own real estate. Its registered office is in Merelbeke-Melle.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0676.372.387
Incorporation
29/05/2017
Legal form
Private limited company
Registered office
Berkenhof 13
9820 Merelbeke-Melle · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Activities (NACE)
68100Buying and selling of own real estate· main68110Buying and selling of own real estate
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin71,3 k €50,7 k €44,4 k €46,1 k €50,1 k €50,3 k €43,2 k €56,2 k €
EBITDA68,5 k €50,2 k €44,1 k €45,8 k €49,8 k €49 k €42,4 k €54,2 k €
Operating result28,1 k €10,3 k €4,7 k €6,5 k €10,4 k €9,6 k €3 k €-61,8 k €
Net result18,4 k €2,3 k €-3,4 k €-2,7 k €1,3 k €106,2 €-6,1 k €-75,3 k €
Balance sheet
Equity-59,1 k €-77,5 k €-79,8 k €-76,5 k €-73,8 k €-75,1 k €-75,2 k €-69,1 k €
Total assets533,5 k €541,7 k €574,5 k €606 k €639,1 k €671,1 k €697,1 k €727,5 k €
Cash70,9 k €38,8 k €50,4 k €40,5 k €39,3 k €31,9 k €18,6 k €3,5 k €
Debts592,6 k €619,2 k €654,3 k €682,4 k €712,9 k €746,2 k €772,3 k €796,6 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Horst Remes

Director

Active

Ended mandates

Horst Remes

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
EMPTORES● Active
0884.877.451
GROUP ONE STONE● Active
0685.524.734
Onestone● Active
0501.672.221
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date04/06/202624/07/202522/07/202420/06/202314/07/202227/07/2021
General meeting03/06/202604/06/202505/06/202407/06/202301/06/202202/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202503/06/202604/06/2026DutchPDF
Micro model31/12/202404/06/202524/07/2025DutchPDF
Micro model31/12/202305/06/202422/07/2024DutchPDF
Micro model31/12/202207/06/202320/06/2023DutchPDF
Micro model31/12/202101/06/202214/07/2022DutchPDF
Micro model31/12/202002/06/202127/07/2021DutchPDF
Micro model31/12/201903/06/202025/06/2020DutchPDF
Micro model31/12/201805/06/201923/07/2019DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 1 active · 1 ended

Active mandates

Horst Remes

Director

Active

Ended mandates

Horst Remes

Manager

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates19/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other31/05/2017
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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. 2025
    Annual accounts 202518,4 k €↑
  2. 2024
    Annual accounts 20242,3 k €↑
  3. 2023
    Annual accounts 2023-3,4 k €↓
  4. 2022
    Annual accounts 2022-2,7 k €↓
  5. 2021
    Annual accounts 20211,3 k €↑
  6. 2020
    Annual accounts 2020106,2 €↑
  7. 2019
    Annual accounts 2019-6,1 k €↑
  8. 2018
    Annual accounts 2018-75,3 k €
  9. 29/05/2017
    IncorporationPrivate limited company