ACTIVE

2WORK

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Financial year 2025 · closed on 31/12/2025
Net result
61,5 k €
-42.8% YoY
Gross margin
6,4 M €
+15.1% YoY
Equity
499,4 k €
+14.0% YoY
Workforce
66,3 ETP
+13.3% YoY

What does 2WORK do?

2WORK is a Public limited company incorporated in 2018. Its main activity is: Temporary employment agency activities. Its registered office is in Herentals. It employs on average 66,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0688.891.030
Incorporation
25/01/2018
Legal form
Public limited company
Registered office
Zavelbosstraat(HRT) 3
2200 Herentals · FlandreSee on map
Contributed capital
375 000,00 €
Latest accounts
31/12/2025
Average workforce
66,3 ETP
Activities (NACE)
78200Temporary employment agency activities· main78200Temporary employment agency activities70210Public relations and communication activities73300Advertising and market research
Signals
ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020202018
Income statement
Gross margin6,4 M €5,5 M €4,5 M €3,4 M €2,8 M €773,6 k €3,6 M €963,4 k €
EBITDA265,1 k €266 k €162,5 k €91,4 k €179,8 k €36,2 k €-132,4 k €-91,1 k €
Operating result189 k €189,4 k €136,9 k €85,3 k €173,2 k €32,7 k €-158 k €-104,3 k €
Net result61,5 k €107,4 k €63,3 k €68 k €153,1 k €20,2 k €-236,2 k €-112,8 k €
Balance sheet
Equity499,4 k €438 k €330,6 k €267,3 k €199,4 k €46,3 k €-223,9 k €12,2 k €
Total assets2,2 M €2,4 M €2,2 M €1,8 M €1,3 M €1,4 M €1,6 M €992,6 k €
Cash107,2 k €337,9 k €136,7 k €320,1 k €198,1 k €415,3 k €63,7 k €78,9 k €
Debts1,7 M €1,9 M €1,8 M €1,6 M €1,1 M €1,3 M €1,7 M €980,4 k €
Other
Workforce66,3 ETP58,5 ETP49,8 ETP42,8 ETP30,6 ETP8,2 ETP30,9 ETP14,2 ETP
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 31/12/2025 · 2 active · 6 ended

Active mandates

Bart Vanstiphout

Director · since 23 juin 2025 · until 04 juin 2030

Active
GENTALS

Director · since 25 janvier 2024 · until 04 juin 2030 · 0456.836.049

Represented by Paul Peeters

Active

Ended mandates

Bart Vanstiphout

Director · since 05 novembre 2019 · until 05 novembre 2025

Ended
Bart Vanstiphout

Managing director · since 05 novembre 2019 · until 05 novembre 2025

Ended
GENTALS

Director · since 25 janvier 2018 · until 25 janvier 2024 · 0456.836.049

Represented by Paul Peeters

Ended
GENTALS

Director · since 25 janvier 2018 · until 25 janvier 2024 · 0456.836.049

Represented by Paul Peeters

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/10/2020
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 months3 months
Filing date26/07/202614/07/202514/08/202427/07/202315/07/202201/06/2021
General meeting29/06/202623/06/202528/06/202430/06/202327/06/202203/05/2021
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

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/06/202626/07/2026DutchPDF
Abridged model31/12/202423/06/202514/07/2025DutchPDF
Abridged model31/12/202328/06/202414/08/2024DutchPDF
Abridged model31/12/202230/06/202327/07/2023DutchPDF
Abridged model31/12/202127/06/202215/07/2022DutchPDF
Abridged model31/12/202003/05/202101/06/2021DutchPDF
Abridged modelCorrection30/09/202030/03/202101/06/2021DutchPDF
Abridged model30/09/202030/03/202105/05/2021DutchPDF
Abridged model31/12/201824/06/201911/07/2019DutchPDF
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 31/12/2025 · 2 active · 6 ended

Active mandates

Bart Vanstiphout

Director · since 23 juin 2025 · until 04 juin 2030

Active
GENTALS

Director · since 25 janvier 2024 · until 04 juin 2030 · 0456.836.049

Represented by Paul Peeters

Active

Ended mandates

Bart Vanstiphout

Director · since 05 novembre 2019 · until 05 novembre 2025

Ended
Bart Vanstiphout

Managing director · since 05 novembre 2019 · until 05 novembre 2025

Ended
GENTALS

Director · since 25 janvier 2018 · until 25 janvier 2024 · 0456.836.049

Represented by Paul Peeters

Ended
GENTALS

Director · since 25 janvier 2018 · until 25 janvier 2024 · 0456.836.049

Represented by Paul Peeters

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates24/11/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/09/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares19/01/2021
    KAPITAAL - AANDELEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Other07/01/2020
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates18/11/2019
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other29/01/2018
    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 202561,5 k €↓
  2. 2024
    Annual accounts 2024107,4 k €↑
  3. 2023
    Annual accounts 202363,3 k €↓
  4. 2022
    Annual accounts 202268 k €↓
  5. 2021
    Annual accounts 2021153,1 k €↑
  6. 2020
    Annual accounts 202020,2 k €↑
  7. 2020
    Annual accounts 2020-236,2 k €↓
  8. 2018
    Annual accounts 2018-112,8 k €
  9. 25/01/2018
    IncorporationPublic limited company