ACTIVE

TWO STUDIOS

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Financial year 2025 · closed on 31/12/2025
Net result
26 k €
-7.8% YoY
Gross margin
40,9 k €
-7.7% YoY
Equity
91,4 k €
-22.9% YoY

What does TWO STUDIOS do?

TWO STUDIOS is a Private limited company incorporated in 2011. Its main activity is: Specialised design activities. Its registered office is in Malle.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0841.062.254
Incorporation
15/11/2011
Legal form
Private limited company
Registered office
Hallebaan 124
2390 Malle · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
74103Specialised design activities· main74120Specialised design activities74201Photographic activities74201Photographic activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120192018201720162015201420132012
Income statement
Gross margin40,9 k €44,4 k €44,6 k €5,1 k €8,7 k €34,3 k €32 k €23,3 k €26,7 k €45,1 k €32,9 k €24,4 k €18,5 k €
EBITDA39,7 k €43,3 k €43,3 k €3,9 k €6,4 k €32 k €28,5 k €20,5 k €21,3 k €42,6 k €30,3 k €22,4 k €16,9 k €
Operating result36,5 k €40 k €39,8 k €-7,9 k €-3,3 k €12,2 k €9 k €10 k €4,1 k €24,8 k €12,9 k €6,2 k €-21,6 k €
Net result26 k €28,2 k €28,2 k €-7,6 k €-3,1 k €3,5 k €3,1 k €3,9 k €-503,2 €17 k €7,4 k €397,3 €-28,1 k €
Balance sheet
Equity91,4 k €118,6 k €93,5 k €67,7 k €75,3 k €25,3 k €21,8 k €18,7 k €14,8 k €15,3 k €-1,7 k €-21,5 k €-21,9 k €
Total assets156,2 k €132,8 k €109 k €76,1 k €85,7 k €172,7 k €188,5 k €154,2 k €157,9 k €180,3 k €182,4 k €193,4 k €191,7 k €
Cash42,9 k €34,1 k €47,9 k €21,9 k €37,6 k €41,7 k €35,4 k €37,5 k €29,5 k €32,5 k €30,5 k €19,3 k €11,7 k €
Debts64,7 k €14,2 k €15,5 k €8,4 k €10,5 k €147,4 k €166,7 k €135,5 k €143,1 k €164,4 k €183,6 k €214,3 k €212,3 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 31/12/2025 · 2 active · 5 ended

Active mandates

Karen Van Aerde

Director · since 16 mai 2012

Active
Olivier De Meulder

Director · since 15 novembre 2011

Active

Ended mandates

Karen Van Aerde

Manager · since 16 mai 2012

Ended
Olivier De Meulder

Manager · since 16 mai 2012

Ended
Olivier De Meulder

Manager · since 16 novembre 2011

Ended
Karen Van Aerde

Manager · since 15 novembre 2011

Ended
At this address

Other companies at this address

CompanyCBE no.
Unit C● Active
0763.510.160
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 date12/06/202610/06/202528/06/202423/06/202307/07/202217/06/2021
General meeting26/05/202605/06/202505/06/202405/06/202307/06/202207/06/2021
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

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202526/05/202612/06/2026DutchPDF
Micro model31/12/202405/06/202510/06/2025DutchPDF
Micro model31/12/202305/06/202428/06/2024DutchPDF
Micro model31/12/202205/06/202323/06/2023DutchPDF
Micro model31/12/202107/06/202207/07/2022DutchPDF
Micro model31/12/202007/06/202117/06/2021DutchPDF
Micro model31/12/201908/09/202029/09/2020DutchPDF
Micro model31/12/201805/06/201902/08/2019DutchPDF
Micro model31/12/201707/06/201817/08/2018DutchPDF
Micro model31/12/201606/06/201710/08/2017DutchPDF
Abridged model31/12/201506/06/201609/08/2016DutchPDF
Abridged model31/12/201405/06/201523/07/2015DutchPDF
Abridged model31/12/201305/06/201423/07/2014DutchPDF
Abridged model31/12/201205/06/201301/07/2013DutchPDF
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 31/12/2025 · 2 active · 5 ended

Active mandates

Karen Van Aerde

Director · since 16 mai 2012

Active
Olivier De Meulder

Director · since 15 novembre 2011

Active

Ended mandates

Karen Van Aerde

Manager · since 16 mai 2012

Ended
Olivier De Meulder

Manager · since 16 mai 2012

Ended
Olivier De Meulder

Manager · since 16 novembre 2011

Ended
Karen Van Aerde

Manager · since 15 novembre 2011

Ended
Shareholders

Ownership and network

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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 202526 k €↓
  2. 2024
    Annual accounts 202428,2 k €↓
  3. 2023
    Annual accounts 202328,2 k €↑
  4. 2022
    Annual accounts 2022-7,6 k €↓
  5. 2021
    Annual accounts 2021-3,1 k €↓
  6. 2019
    Annual accounts 20193,5 k €↑
  7. 2018
    Annual accounts 20183,1 k €↓
  8. 2017
    Annual accounts 20173,9 k €↑
  9. 2016
    Annual accounts 2016-503,2 €↓
  10. 2015
    Annual accounts 201517 k €↑
  11. 2014
    Annual accounts 20147,4 k €↑
  12. 2013
    Annual accounts 2013397,3 €↑
  13. 2012
    Annual accounts 2012-28,1 k €
  14. 15/11/2011
    IncorporationPrivate limited company