Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
TWO BIRDS from Merelbeke-Melle, company number BE0676372387, closed financial year 2025 with a result of € 18,418 after tax. For that financial year TWO BIRDS recorded a gross margin of € 71,324 and equity of € -59,094. Compared with financial year 2024, the result moved from € 2,306 to € 18,418. Profitable, and profit is growing. 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 June 4, 2026.
€ -59,094
▲ € 18,418 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,418
▲ € 16,112 vs 2024
Profit after tax over the fiscal year.
€ 70,904
▲ 83% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -65,294.
Debts at end 2025
€ 232,794
▼ 12% vs 2024
€ 32,911 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 200
▼ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 0
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 46,148 | € 44,406 | € 50,706 | € 71,324 | ▲ 41% |
| Profit after taxes | € -2,675 | € -3,357 | € 2,306 | € 18,418 | ▲ € 16,112 |
| Equity | € -76,460 | € -79,817 | € -77,511 | € -59,094 | ▲ € 18,418 |
| Total debts | € 682,416 | € 654,275 | € 619,237 | € 592,641 | ▼ 4% |
| Cash | € 40,529 | € 50,433 | € 38,830 | € 70,904 | ▲ 83% |
| Land & buildings | € 560,437 | € 521,066 | € 502,612 | € 462,173 | ▼ 8% |
| Retained profit | € -82,660 | € -86,017 | € -83,711 | € -65,294 | ▲ € 18,418 |
| Bank debt | € 328,406 | € 297,047 | € 265,179 | € 232,794 | ▼ 12% |
| Balance sheet total | € 605,955 | € 574,458 | € 541,725 | € 533,547 | ▼ 2% |
Key figures of TWO BIRDS, 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 TWO BIRDS?
What happened at TWO BIRDS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 18,418 (▲ € 16,112 vs 2024). Source: NBB ↗
- New establishment in Merelbeke-Melle. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,675 loss in 2022 to € 18,418 profit in 2025.
Best year ever: 2025, with € 18,418 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind TWO BIRDS is Horst Remes. Horst Remes is also behind Onestone and EMPTORES.
Establishments
Establishment units
Physical locations of this company
Berkenhof 13
9820 Merelbeke-Melle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0676.372.387
- VAT number
- BE 0676.372.387
- Registered office
- Berkenhof 13, 9820 Merelbeke-Melle
- Names & denominations
- TWO BIRDS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 May 2017
- Peppol
- Active · Active since 30 Jan 2025
- Activities · NACE
Handel in eigen onroerend goed