Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Vlaanderen Twee from Antwerpen, company number BE0470302619, closed financial year 2025 with a result of € -764,204 after tax. For that financial year Vlaanderen Twee recorded a gross margin of € -542,796 and equity of € -739,695. Compared with financial year 2024, the result moved from € -1.1 million to € -764,204. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ -739,695
▲ € 8.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -764,204
▲ 28 % less loss than in 2024
Profit after tax over the fiscal year.
€ 43,424
▲ € 33,292 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -10.1 million.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 51,935
▲ 14% vs 2024
€ 51,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 260,359
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,883
▼ 75% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,372,956 | € -1,047,940 | € -591,743 | € -542,796 | ▲ € 48,947 |
| Profit after taxes | € -1,663,412 | € -1,465,155 | € -1,068,291 | € -764,204 | ▲ € 304,087 |
| Equity | € -6,678,079 | € -8,143,234 | € -9,211,526 | € -739,695 | ▲ € 8.5 million |
| Total debts | € 7,019,039 | € 8,382,808 | € 9,740,309 | € 1,193,458 | ▼ 88% |
| Cash | € 13,645 | € 7,807 | € 10,131 | € 43,424 | ▲ € 33,292 |
| Retained profit | € -6,814,079 | € -8,279,234 | € -9,347,526 | € -10,111,730 | ▼ € 764,204 |
| Balance sheet total | € 340,960 | € 239,573 | € 528,784 | € 453,763 | ▼ 14% |
| Employees (FTE) | 2.9 | 1 | 1 | 1 |
Key figures of Vlaanderen Twee, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Vlaanderen Twee?
What happened at Vlaanderen Twee in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philippe De Boungne stepped down as director. NBB
- Zenofi BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 764,204. Source: NBB ↗
- Gert Ysebaert stepped down as director. NBB
- Steven Allcock BV stepped down as director. NBB
- Philippe De Boungne became a director. NBB
- Zenofi BV became a director. NBB
- Kenny Henderyckx stepped down as director. NBB
In short
From € 1.7 million loss in 2022 to € 764,204 loss in 2025.
Management
The stake of Play Media comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Vlaanderen TweeThe shares are held by Mediahuis (100%) and Play Media (50%).
Directors
According to the 2025 annual accounts
Philippe De Boungne
Bestuurder
Also active at: DIGITAL MEDIA FACILITIES, Printing Partners Paal-Beringen
since 2025 · until 2031
Gert Ysebaert
Director
Also active at: ACKROYD PUBLICATIONS, MEDIAHUIS TECHNOLOGY & PRODUCT STUDIO, Rondom Media, Printing Partners Paal-Beringen, ZIMMO, MediaNot, SMOOVED, INMEMORIAM +4 more
since 2023 · until 2026
since 2025 · until 2031
since 2023 · until 2025
Wim Tack
Director
Also active at: DECOR-OYENBRUG, Centrum Ronde van Vlaanderen VZW, MaRo, Play Media, We Ride, WK 2021, Fabiola Group, FLANDERS CLASSICS +3 more
since 2023 · until 2025
Director · represented by Steven Allcock
Also active at: DE BUREN, VLAAMSE NIEUWSMEDIA EN MAGAZINES
since 2023 · until 2026
Shareholders
100%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Katwilgweg 2
2050 Antwerpen
Harensesteenweg 224
1800 Vilvoorde
Active since 16 February 2000
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
All companies at this address →UPM
€ 2.2 million revenue · 2024
KATHOLIEK IMPULS-EN MEDIAFONDS
€ -579,593 gross margin · 2025
Mediahuis Partners
Capstone Partners
€ 547,567 revenue · 2025
MEDIACORE
+14 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0470.302.619
- VAT number
- BE 0470.302.619
- Registered office
- Katwilgweg 2, 2050 Antwerpen
- Names & denominations
- Vlaanderen Twee
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 February 2000
- Peppol
- Active · Active since 24 Mar 2026
- Activities · NACE
Uitzenden van radioprogramma’s en distributie van audio
Overige diensten op het gebied van informatietechnologie en computer
Overige activiteiten in verband met computers