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.
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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 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TWO MASTERS LTD from LONDON, company number BE0894651091, closed financial year 2025 with a result of € -17,738 after tax. For that financial year TWO MASTERS LTD recorded a gross margin of € 2,201 and equity of € -318,355. Compared with financial year 2024, the result moved from € -24,818 to € -17,738. 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 28, 2026.
€ -318,355
▼ € 17,738 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -17,738
▲ 29 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2,385
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -319,895.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 406,996
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -97,420 | € -5,675 | € -2,693 | € 2,201 | ▲ € 4,894 |
| Profit after taxes | € -111,538 | € -5,500 | € -24,818 | € -17,738 | ▲ € 7,080 |
| Equity | € -270,299 | € -275,799 | € -300,617 | € -318,355 | ▼ € 17,738 |
| Total debts | € 540,109 | € 542,288 | € 544,981 | € 533,926 | ▼ 2% |
| Cash | € 6,284 | € 2,385 | € 2,385 | € 2,385 | |
| Retained profit | € -271,839 | € -277,339 | € -302,157 | € -319,895 | ▼ € 17,738 |
| Balance sheet total | € 269,810 | € 266,489 | € 244,364 | € 215,571 | ▼ 12% |
Key figures of TWO MASTERS LTD, 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 MASTERS LTD?
What happened at TWO MASTERS LTD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 17,738. Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 111,538 loss in 2022 to € 17,738 loss in 2025.
Paid € 1,801 in corporate taxes since 2022.
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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 MASTERS LTD is Reginald Van Hulle.
Directors
According to the 2025 annual accounts
Reginald Van Hulle
Director
Establishments
Establishment units
Physical locations of this company
GMAK VERNON YARD 5-7
W11 2DX LONDON
Sint-Michielskaai 7 box 0
2000 Antwerpen
Active since 8 February 2008
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
GD-EMEA-DC-LD5, GB
DNS
GoDaddy DNS
Domain
Domain
gmak.co.uk
Registered
2004-02-24
Registrar
123-Reg Limited t/a 123-reg [Tag = 123-REG]
Expires
2027-02-24
Website info
Features
Security
Details
- Company number
- 0894.651.091
- VAT number
- BE 0894.651.091
- Registered office
- GMAK VERNON YARD 5-7, W11 2DX LONDON
- Names & denominations
- TWO MASTERS LTD
- Enterprise type
- Rechtspersoon
- Legal form
- Foreign entity
- Legal situation
- Normale toestand
- Start date
- 4 January 2008
- Peppol
- Active · Active since 1 Dec 2025
- Contact
- gmak.co.uk