ACTIVE

2 N

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Financial year 2025 · closed on 30/09/2025

Net result

70,1 k €

+28.6% YoY

Gross margin

126,3 k €

+9.6% YoY

Equity

1 M €

+6.9% YoY

What does 2 N do?

2 N is a Private limited company incorporated in 2004. Its main activity is: Activities of holding companies. Its registered office is in Sint-Gillis-Waas.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.678.271

Incorporation

06/08/2004

Legal form

Private limited company

Registered office

Bareel(DKL) 39
9170 Sint-Gillis-Waas · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/09/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	126,3 k €	+9.6%	115,2 k €	-36.9%	182,5 k €	-41.4%	311,7 k €	-12.0%	354,3 k €	+61.1%	219,9 k €	+34.1%	164 k €	+27.9%	128,2 k €	+15.3%	111,2 k €	+17.9%	94,3 k €	-19.4%	116,9 k €	-11.8%	132,5 k €	+59.9%	82,9 k €	-10.6%	92,7 k €	+13.5%	81,6 k €	+20.7%	67,7 k €	+7.0%	63,2 k €	-29.0%	89,1 k €	+54.9%	57,5 k €
EBITDA	121,4 k €	+9.0%	111,3 k €	-37.0%	176,8 k €	-42.2%	306 k €	-12.5%	349,6 k €	+65.2%	211,7 k €	+30.7%	161,9 k €	+29.4%	125,1 k €	+14.3%	109,5 k €	+18.1%	92,7 k €	-18.6%	113,9 k €	-12.8%	130,7 k €	+64.9%	79,2 k €	-12.2%	90,2 k €	+12.7%	80 k €	+26.3%	63,4 k €	+4.3%	60,7 k €	-30.3%	87,2 k €	+54.7%	56,4 k €
Operating result	96,8 k €	+15.5%	83,8 k €	-28.6%	117,4 k €	-59.2%	288 k €	-13.0%	331 k €	+71.3%	193,3 k €	+36.0%	142,1 k €	+176%	51,6 k €	-49.7%	102,6 k €	+20.8%	84,9 k €	-2.0%	86,7 k €	-31.4%	126,3 k €	+68.0%	75,2 k €	-10.7%	84,2 k €	+14.3%	73,7 k €	+29.7%	56,8 k €	-2.7%	58,4 k €	-25.1%	77,9 k €	+65.0%	47,2 k €
Net result	70,1 k €	+28.6%	54,5 k €	-68.6%	173,3 k €	-17.2%	209,2 k €	-5.6%	221,7 k €	+76.4%	125,7 k €	+38.3%	90,9 k €	+274%	24,3 k €	-57.5%	57,2 k €	+51.4%	37,8 k €	-23.0%	49,1 k €	-39.7%	81,3 k €	+49.6%	54,4 k €	+20.2%	45,2 k €	-0.2%	45,3 k €	+15.5%	39,2 k €	+5.9%	37,1 k €	-59.7%	92 k €	+231%	27,8 k €
Balance sheet
Equity	1 M €	+6.9%	974,5 k €	+5.5%	923,4 k €	+22.6%	753,3 k €	+38.5%	544 k €	-1.3%	551,1 k €	+28.7%	428,1 k €	+26.9%	337,3 k €	+7.8%	313 k €	+22.3%	255,8 k €	+17.3%	218 k €	+29.0%	169 k €	+92.8%	87,6 k €	+64.5%	53,3 k €	+561%	8,1 k €	-85.9%	57 k €	+222%	17,7 k €	-87.4%	140,6 k €	+189%	48,6 k €
Total assets	1,1 M €	+6.9%	1 M €	-10.2%	1,1 M €	+9.0%	1 M €	-0.7%	1,1 M €	+26.1%	837,7 k €	-10.4%	934,9 k €	+7.4%	870,3 k €	+84.9%	470,6 k €	+12.4%	418,6 k €	-0.9%	422,2 k €	+75.7%	240,3 k €	+22.4%	196,3 k €	+155%	77 k €	-11.1%	86,6 k €	-9.6%	95,7 k €	+31.7%	72,7 k €	-61.5%	188,8 k €	-28.1%	262,5 k €
Cash	63,5 k €	+2.7%	61,8 k €	-86.2%	449,2 k €	+18.7%	378,5 k €	+25.9%	300,7 k €	+280%	79,2 k €	-49.2%	156,1 k €	+133%	67,1 k €	-72.6%	244,9 k €	+31.8%	185,8 k €	+2.1%	182 k €	+20.2%	151,5 k €	+320%	36,1 k €	+265%	9,9 k €	-84.0%	61,7 k €	-7.5%	66,7 k €	+331%	15,5 k €	+36.0%	11,4 k €	-69.8%	37,7 k €
Debts	38,6 k €	+15.8%	33,3 k €	-83.3%	199,4 k €	-27.2%	274 k €	-46.3%	509,9 k €	+81.6%	280,7 k €	-43.5%	497,2 k €	-5.8%	527,6 k €	+239%	155,6 k €	-2.8%	160 k €	-20.5%	201,3 k €	+190%	69,3 k €	-35.0%	106,6 k €	+349%	23,7 k €	-69.5%	77,9 k €	+102%	38,5 k €	-27.5%	53,1 k €	+14.5%	46,4 k €	-78.3%	213,4 k €

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 30/09/2025 · 1 active · 2 ended

Active mandates

Nele Esther Neirinckx

Director · since 30 juillet 2004

Active

Ended mandates

Nele Neirinckx

Director · since 30 juillet 2004

Ended

Nele Neirinckx

Manager · since 30 juillet 2004

Ended

Annual accounts

Full financial information

	2025	2024	2023	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	21 months	12 months	12 months	12 months
Filing date	04/05/2026	30/04/2025	28/05/2024	16/06/2022	25/03/2021	08/04/2020
General meeting	02/03/2026	03/03/2025	04/03/2024	07/03/2022	15/03/2021	09/03/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	02/03/2026	04/05/2026	Dutch	PDF
Micro model	30/09/2024	03/03/2025	30/04/2025	Dutch	PDF
Micro model	30/09/2023	04/03/2024	28/05/2024	Dutch	PDF
Micro model	31/12/2021	07/03/2022	16/06/2022	Dutch	PDF
Micro model	31/12/2020	15/03/2021	25/03/2021	Dutch	PDF
Micro model	31/12/2019	09/03/2020	08/04/2020	Dutch	PDF
Micro model	31/12/2018	18/02/2019	24/04/2019	Dutch	PDF
Micro model	31/12/2017	19/02/2018	29/03/2018	Dutch	PDF
Micro model	31/12/2016	05/06/2017	21/06/2017	Dutch	PDF
Abridged model	31/12/2015	14/03/2016	31/03/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	09/07/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	12/06/2014	Dutch	PDF
Abridged model	31/12/2012	30/03/2013	21/08/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	18/07/2012	Dutch	PDF
Abridged model	31/10/2010	04/01/2011	16/02/2011	Dutch	PDF
Abridged model	31/10/2009	10/04/2010	28/04/2010	Dutch	PDF
Abridged model	31/10/2008	14/03/2009	23/03/2009	Dutch	PDF
Abridged model	31/10/2007	08/03/2008	07/04/2008	Dutch	PDF
Abridged model	31/10/2006	10/03/2007	10/04/2007	Dutch	PDF

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 30/09/2025 · 1 active · 2 ended

Active mandates

Nele Esther Neirinckx

Director · since 30 juillet 2004

Active

Ended mandates

Nele Neirinckx

Director · since 30 juillet 2004

Ended

Nele Neirinckx

Manager · since 30 juillet 2004

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other04/10/2022
ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates17/07/2020
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Other11/02/2014
DOEL - BOEKJAAR - DIVERSEN
PDF
Other21/12/2010
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office18/02/2010
MAATSCHAPPELIJKE ZETEL
PDF
Registered office21/10/2008
MAATSCHAPPELIJKE ZETEL
PDF
Other24/01/2007
DIVERSEN
PDF
Capital / shares15/09/2005
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
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

2025
Annual accounts 202570,1 k €↑
2024
Annual accounts 202454,5 k €↓
2023
Annual accounts 2023173,3 k €↓
2021
Annual accounts 2021209,2 k €↓
2020
Annual accounts 2020221,7 k €↑
2019
Annual accounts 2019125,7 k €↑
2018
Annual accounts 201890,9 k €↑
2017
Annual accounts 201724,3 k €↓
2016
Annual accounts 201657,2 k €↑
2015
Annual accounts 201537,8 k €↓
2014
Annual accounts 201449,1 k €↓
2013
Annual accounts 201381,3 k €↑
2012
Annual accounts 201254,4 k €↑
2011
Annual accounts 201145,2 k €↓
2010
Annual accounts 201045,3 k €↑
2009
Annual accounts 200939,2 k €↑
2008
Annual accounts 200837,1 k €↓
2007
Annual accounts 200792 k €↑
2006
Annual accounts 200627,8 k €
06/08/2004
IncorporationPrivate 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

2 N

Overview

What does 2 N do?

Trend over 19 financial years

Indicative valuation

Board of directors

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