ACTIVE

2RIVERS

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Financial year 2024 · closed on 31/12/2024

Net result

404,9 k €

+216.1% YoY

Gross margin

2,3 M €

+3.8% YoY

Equity

870,4 k €

+87.0% YoY

Workforce

14,0 ETP

-25.1% YoY

What does 2RIVERS do?

2RIVERS is a Public limited company incorporated in 2011. Its main activity is: Wholesale of information and communication equipment. Its registered office is in Gent. It employs on average 14,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0835.926.697

Incorporation

29/04/2011

Legal form

Public limited company

Registered office

Nieuwewandeling 62
9000 Gent · FlandreSee on map

Contributed capital

1 420 220,19 €

Latest accounts

31/12/2024

Average workforce

14,0 ETP

Activities (NACE)

46500Wholesale of information and communication equipment· main 46510Wholesale of computers, computer peripheral equipment and software 62010Computer programming activities 62100Computer programming, consultancy and related activities 47400Retail sale of information and communication equipment in specialised stores 47410Retail sale of computers, peripheral units and software in specialised stores+8

Joint committees (1)

20000

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	2,3 M €	+3.8%	2,2 M €	+20.0%	1,8 M €	+15.7%	1,6 M €	+11.0%	1,4 M €	+14.7%	1,2 M €	+18.8%	1 M €	+12.2%	923,1 k €	+14.2%	808 k €	+11.8%	723 k €	+11.1%	650,6 k €	+46.8%	443,2 k €	+234%	132,8 k €
EBITDA	1 M €	+44.7%	697,8 k €	+4.1%	670 k €	+11.7%	600 k €	-2.8%	617 k €	+151%	246,1 k €	+206%	80,3 k €	-63.7%	221,2 k €	-9.0%	243,1 k €	+41.9%	171,3 k €	+80.0%	95,2 k €	+1044%	-10,1 k €	+97.3%	-376,4 k €
Operating result	426,2 k €	+178%	153,5 k €	-20.6%	193,4 k €	+12.0%	172,6 k €	-23.0%	224,1 k €	+320%	-102,1 k €	+52.8%	-216,4 k €	-556%	-33 k €	-150%	-13,2 k €	+85.0%	-87,9 k €	+48.7%	-171,3 k €	+28.8%	-240,5 k €	+58.2%	-575,9 k €
Net result	404,9 k €	+216%	128,1 k €	-30.9%	185,4 k €	+17.0%	158,4 k €	-23.0%	205,8 k €	+293%	-106,7 k €	+54.0%	-231,8 k €	-284%	-60,3 k €	-83.9%	-32,8 k €	+76.2%	-137,7 k €	+29.4%	-195 k €	+29.4%	-276,3 k €	+52.8%	-585,9 k €
Balance sheet
Equity	870,4 k €	+87.0%	465,4 k €	+38.0%	337,3 k €	+122%	151,9 k €	+2445%	-6,5 k €	+96.9%	-206,3 k €	-107%	-99,6 k €	-175%	132,2 k €	+124%	-547,1 k €	-6.4%	-514,3 k €	+6.5%	-550,2 k €	-54.9%	-355,2 k €	-350%	-78,9 k €
Total assets	3,5 M €	+8.3%	3,2 M €	+39.7%	2,3 M €	+18.1%	2 M €	+17.7%	1,7 M €	+7.2%	1,5 M €	+4.6%	1,5 M €	-6.7%	1,6 M €	+53.5%	1 M €	+5.7%	979,4 k €	+90.8%	513,4 k €	-9.4%	566,6 k €	-0.6%	570,2 k €
Cash	116,6 k €	+3.6%	112,6 k €	+38.0%	81,6 k €	-58.0%	194 k €	+596%	27,9 k €	-47.6%	53,3 k €	+70.7%	31,2 k €	-92.6%	424,1 k €	+377%	88,9 k €	+403%	17,7 k €	-24.5%	23,4 k €	-13.1%	26,9 k €	-41.4%	45,9 k €
Debts	1,9 M €	-13.6%	2,2 M €	+51.3%	1,5 M €	+7.2%	1,4 M €	+3.8%	1,3 M €	-13.7%	1,5 M €	+9.2%	1,4 M €	+12.7%	1,2 M €	-7.2%	1,3 M €	+0.9%	1,3 M €	+55.3%	858 k €	+26.5%	678 k €	+21.8%	556,9 k €
Other
Workforce	14,0 ETP	-25.1%	18,7 ETP	+22.2%	15,3 ETP	+12.5%	13,6 ETP	+12.4%	12,1 ETP	-4.7%	12,7 ETP	+3.3%	12,3 ETP	+32.3%	9,3 ETP	+9.4%	8,5 ETP	+7.6%	7,9 ETP	-18.6%	9,7 ETP	+29.3%	7,5 ETP	+11.9%	6,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 30 ended

Active mandates

Kristín Magnúsdóttir

Director · since 25 septembre 2024 · until 25 septembre 2030

Active

Einar Sævarsson

Director · since 18 mai 2022 · until 18 mai 2028

Active

Handelsreizigers in Ideeën

Director · since 18 mai 2022 · until 18 mai 2028 · 0810.227.934

Represented by Vermeylen Wouter

Active

Ended mandates

Einar Saevarsson

Director · since 18 mai 2022

Ended

Handelsreizigers in Ideeën

Director · since 18 mai 2022 · until 18 mai 2028 · 0810.227.934

Represented by Vermeylen WOUTER

Ended

Handelsreizigers in Ideeën

Managing director · since 18 mai 2022 · 0810.227.934

Represented by Vermeylen WOUTER

Ended

Mads Dvoracek

Director · since 18 mai 2022 · until 25 septembre 2024

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/07/2026	31/10/2024	31/08/2023	15/06/2022	05/07/2021	28/07/2020
General meeting	19/06/2026	20/09/2024	14/06/2023	16/05/2022	10/06/2021	05/06/2020
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

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Filings

Annual accounts filings

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	19/06/2026	01/07/2026	Dutch	PDF
Abridged model	31/12/2023	20/09/2024	31/10/2024	Dutch	PDF
Abridged model	31/12/2022	14/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	16/05/2022	15/06/2022	Dutch	PDF
Abridged model	31/12/2020	10/06/2021	05/07/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	28/07/2020	Dutch	PDF
Abridged model	31/12/2018	13/06/2019	11/07/2019	Dutch	PDF
Abridged model	31/12/2017	05/07/2018	19/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/05/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	08/06/2016	26/07/2016	Dutch	PDF
Abridged model	31/12/2014	02/07/2015	29/07/2015	Dutch	PDF
Abridged model	31/12/2013	11/06/2014	18/09/2014	Dutch	PDF
Abridged model	31/12/2012	12/06/2013	14/08/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2024 · 3 active · 30 ended

Active mandates

Kristín Magnúsdóttir

Director · since 25 septembre 2024 · until 25 septembre 2030

Active

Einar Sævarsson

Director · since 18 mai 2022 · until 18 mai 2028

Active

Handelsreizigers in Ideeën

Director · since 18 mai 2022 · until 18 mai 2028 · 0810.227.934

Represented by Vermeylen Wouter

Active

Ended mandates

Einar Saevarsson

Director · since 18 mai 2022

Ended

Handelsreizigers in Ideeën

Director · since 18 mai 2022 · until 18 mai 2028 · 0810.227.934

Represented by Vermeylen WOUTER

Ended

Handelsreizigers in Ideeën

Managing director · since 18 mai 2022 · 0810.227.934

Represented by Vermeylen WOUTER

Ended

Mads Dvoracek

Director · since 18 mai 2022 · until 25 septembre 2024

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/05/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates28/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/04/2018
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/01/2018
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/05/2016
ONTSLAGEN - BENOEMINGEN
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

2024
Annual accounts 2024404,9 k €↑
2023
Annual accounts 2023128,1 k €↓
2022
Annual accounts 2022185,4 k €↑
2021
Annual accounts 2021158,4 k €↓
2020
Annual accounts 2020205,8 k €↑
2019
Annual accounts 2019-106,7 k €↑
2018
Annual accounts 2018-231,8 k €↓
2017
Annual accounts 2017-60,3 k €↓
2016
Annual accounts 2016-32,8 k €↑
2015
Annual accounts 2015-137,7 k €↑
2014
Annual accounts 2014-195 k €↑
2013
Annual accounts 2013-276,3 k €↑
2012
Annual accounts 2012-585,9 k €
29/04/2011
IncorporationPublic 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

2RIVERS

Overview

What does 2RIVERS do?

Trend over 13 financial years

Indicative valuation

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