ACTIVE

TWOBROTHERS

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Financial year 2025 · closed on 30/09/2025
Net result
-45 k €
+12.1% YoY
Gross margin
-11 k €
+18.2% YoY
Equity
141,4 k €
-24.6% YoY

What does TWOBROTHERS do?

TWOBROTHERS is a Private limited company incorporated in 2011. Its main activity is: Manufacture of cocoa, chocolate and sugar confectionery. Its registered office is in Brugge.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0840.593.783
Incorporation
30/09/2011
Legal form
Private limited company
Registered office
Sint-Jakobsstraat 51
8000 Brugge · FlandreSee on map
Contributed capital
56 200,00 €
Latest accounts
30/09/2025
Activities (NACE)
10820Manufacture of cocoa, chocolate and sugar confectionery· main10820Manufacture of cocoa, chocolate and sugar confectionery10320Manufacture of fruit and vegetable juice10320Manufacture of fruit and vegetable juice10830Processing of tea and coffee10830Processing of tea and coffee+2
Signals
Solid equityLow riskGood liquidity
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin-11 k €-13,5 k €-90,9 k €19 k €73,1 k €91,7 k €131,2 k €57,4 k €87 k €21,2 k €
EBITDA-12,8 k €-18,1 k €-92,7 k €17 k €71,4 k €89,6 k €129,8 k €53,9 k €26,7 k €17,5 k €
Operating result-43,2 k €-48,6 k €-120,7 k €10,9 k €63,5 k €83 k €122,2 k €40,5 k €17,7 k €10,5 k €
Net result-45 k €-51,2 k €-124,1 k €7,8 k €56,1 k €57,2 k €84,5 k €22,1 k €10,2 k €1,4 k €
Balance sheet
Equity141,4 k €187,5 k €239,8 k €359,2 k €301,4 k €245,2 k €188 k €203,5 k €181,4 k €171,2 k €
Total assets221,6 k €281,6 k €406,3 k €426 k €349,3 k €370,9 k €275,6 k €338,1 k €315 k €245,4 k €
Cash114,1 k €165,8 k €273,2 k €372,6 k €304,7 k €331,9 k €227 k €197,5 k €174 k €32,2 k €
Debts77,9 k €92,5 k €118,4 k €65,4 k €46,8 k €89,1 k €86,4 k €133,6 k €132,5 k €72,5 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 4 ended

Active mandates

Frederik Depoorter

Director

Active

Ended mandates

Tom Depoorter

Director · since 04 mai 2022

Ended
Frederik Depoorter

Manager

Ended
Vicky Vandamme

Manager

Ended
VICKY VANDAMME

Director

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date06/05/202615/05/202528/05/202426/04/202329/03/202226/05/2021
General meeting17/04/202622/04/202515/05/202417/03/202318/03/202230/04/2021
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

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202517/04/202606/05/2026DutchPDF
Micro model30/09/202422/04/202515/05/2025DutchPDF
Micro model30/09/202315/05/202428/05/2024DutchPDF
Micro model30/09/202217/03/202326/04/2023DutchPDF
Micro model30/09/202118/03/202229/03/2022DutchPDF
Micro model30/09/202030/04/202126/05/2021DutchPDF
Micro model30/09/201920/03/202001/04/2020DutchPDF
Micro model30/09/201815/03/201928/03/2019DutchPDF
Micro model30/09/201730/03/201824/04/2018DutchPDF
Abridged model30/09/201617/03/201731/03/2017DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/09/2025 · 1 active · 4 ended

Active mandates

Frederik Depoorter

Director

Active

Ended mandates

Tom Depoorter

Director · since 04 mai 2022

Ended
Frederik Depoorter

Manager

Ended
Vicky Vandamme

Manager

Ended
VICKY VANDAMME

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office09/04/2026
    zeteiverplaatsing
    PDF
  • Mandates08/02/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/05/2022
    WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office27/03/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office22/09/2017
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office27/09/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates24/05/2016
    BENAMING - MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - KAPITAAL - AANDELEN
    PDF
  • Other07/11/2011
    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 2025-45 k €↑
  2. 2024
    Annual accounts 2024-51,2 k €↑
  3. 2023
    Annual accounts 2023-124,1 k €↓
  4. 2022
    Annual accounts 20227,8 k €↓
  5. 2021
    Annual accounts 202156,1 k €↓
  6. 2020
    Annual accounts 202057,2 k €↓
  7. 2019
    Annual accounts 201984,5 k €↑
  8. 2018
    Annual accounts 201822,1 k €↑
  9. 2017
    Annual accounts 201710,2 k €↑
  10. 2016
    Annual accounts 20161,4 k €
  11. 30/09/2011
    IncorporationPrivate limited company