ACTIVE

TWO IDENTICAL FACES

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Financial year 2025 · closed on 31/12/2025
Net result
5,2 k €
-44.9% YoY
Gross margin
344,2 k €
+1.3% YoY
Equity
4,7 M €
+0.1% YoY

What does TWO IDENTICAL FACES do?

TWO IDENTICAL FACES is a Private limited company incorporated in 2008. Its main activity is: Activities of holding companies. Its registered office is in Kapellen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0899.401.222
Incorporation
16/07/2008
Legal form
Private limited company
Registered office
Kasteeldreef 11/1
2950 Kapellen · FlandreSee on map
Contributed capital
4 210 575,45 €
Latest accounts
31/12/2025
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies70200Management consultancy activities70220Business and other management consultancy activities
Signals
ProfitableSolid equityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212009
Income statement
Gross margin344,2 k €339,9 k €465,8 k €396,1 k €533,2 k €-4,5 k €
EBITDA341,5 k €328 k €463,2 k €394,1 k €531,2 k €-10,8 k €
Operating result341,5 k €328 k €463,2 k €394,1 k €531,2 k €-10,8 k €
Net result5,2 k €9,5 k €121,1 k €72,1 k €180 k €-4,7 k €
Balance sheet
Equity4,7 M €4,7 M €5,7 M €5,6 M €5,5 M €6,1 M €
Total assets10 M €10,3 M €10,5 M €10 M €10 M €9,5 M €
Cash465,4 €2 k €2,4 k €4,9 k €2 k €970,6 €
Debts5,2 M €5,5 M €4,7 M €4,4 M €4,5 M €3,4 M €
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 · 4 ended

Active mandates

Ellen Erken

Director · since 16 juillet 2008

Active
Ronald van Steenoven

Director · since 16 juillet 2008

Active

Ended mandates

Ellen Erken

Manager · since 16 juillet 2008

Ended
Ronald van Steenoven

Manager · since 16 juillet 2008

Ended
Eleonora Erken

Manager

Ended
Ronald van Steenoven

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
GROEP TIF● Active
0655.806.112
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
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 date31/08/202626/05/202528/05/202423/08/202329/06/202212/07/2021
General meeting30/06/202602/05/202503/05/202405/05/202306/05/202207/05/2021
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

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202631/08/2026DutchPDF
Abridged model31/12/202402/05/202526/05/2025DutchPDF
Abridged model31/12/202303/05/202428/05/2024DutchPDF
Abridged model31/12/202205/05/202323/08/2023DutchPDF
Abridged model31/12/202106/05/202229/06/2022DutchPDF
Abridged model31/12/202007/05/202112/07/2021DutchPDF
Abridged model31/12/201910/08/202004/09/2020DutchPDF
Abridged model31/12/201803/05/201927/08/2019DutchPDF
Abridged model31/12/201704/05/201826/06/2018DutchPDF
Abridged model31/12/201605/05/201729/05/2017DutchPDF
Abridged model31/12/201506/05/201603/06/2016DutchPDF
Abridged model31/12/201402/05/201526/06/2015DutchPDF
Abridged model31/12/201302/05/201428/05/2014DutchPDF
Abridged model31/12/201203/05/201331/05/2013DutchPDF
Abridged model31/12/201104/05/201231/05/2012DutchPDF
Abridged model31/12/201006/05/201131/05/2011DutchPDF
Abridged model31/12/200907/05/201017/07/2010DutchPDF
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 · 4 ended

Active mandates

Ellen Erken

Director · since 16 juillet 2008

Active
Ronald van Steenoven

Director · since 16 juillet 2008

Active

Ended mandates

Ellen Erken

Manager · since 16 juillet 2008

Ended
Ronald van Steenoven

Manager · since 16 juillet 2008

Ended
Eleonora Erken

Manager

Ended
Ronald van Steenoven

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates26/05/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office04/06/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares15/03/2012
    KAPITAAL - AANDELEN
    PDF
  • Other31/07/2008
    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 20255,2 k €↓
  2. 2024
    Annual accounts 20249,5 k €↓
  3. 2023
    Annual accounts 2023121,1 k €↑
  4. 2022
    Annual accounts 202272,1 k €↓
  5. 2021
    Annual accounts 2021180 k €↑
  6. 2021
    Name changeTwo Identical Faces (TIF)
  7. 2009
    Annual accounts 2009-4,7 k €
  8. 2009
    Name changeTWO IDENTICAL FACES
  9. 16/07/2008
    IncorporationPrivate limited company