Summary
Down2Earth Capital II has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €55.01M and a net result of €-9.14M. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 92% of 925 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 10-10-2025, 21 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
21 d early
2024
20 d early
2023
26 d early
2022
20 d early
2021
38 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema, statutory accounts
Turnover
€736k▲ 6.0%
2024 · €694k
2019: €115k
2020: €599k
2021: €481k
2022: €518k
2024: €694k
2019 → 2025
EBIT margin
-274.2%▼ 21.2pp
2024 · -253.0%
2019: -2791.5%
2020: -268.2%
2021: -411.5%
2022: -381.1%
2024: -253.0%
2019 → 2025
Net result
€-9.14M
2024 · €10.80M
2019: €-3.27M
2020: €-1.79M
2021: €-8.98M
2022: €3.32M
2024: €10.80M
2019 → 2025
Working capital
€-2.64M
2024 · €8.24M
2019: €-6.46M
2020: €-4.69M
2021: €3.57M
2022: €1.56M
2024: €8.24M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Turnover€599k-€481k▼ 19.7%€518k▲ 7.7%€694k▲ 34.0%€736k▲ 6.0%
Equity€35.65M-€37.67M▲ 5.7%€40.99M▲ 8.8%€50.95M▲ 24.3%€55.01M▲ 8.0%
Operating result€-1.61M-€-1.98M▼ 23.2%€-1.97M▲ 0.2%€-1.76M▲ 11.0%€-2.02M▼ 14.9%
Net result€-1.79M-€-8.98M▼ 402%€3.32M€10.80M▲ 225%€-9.14M
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.02M in 2025 against €1.76M in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58.64M
Fixed assets
€57.66M ▲ 35.0%
Current assets
€980k ▼ 88.2%
Equity and liabilities €58.64M
Equity
€55.01M ▲ 8.0%
Debt
€3.63M ▲ 4,341%
Debt's share of the balance-sheet total rises from 0.2% to 6.2%. Equity and debt are higher.
Key figures and ratios
ROE
-16.6%▼
2024 · 21.2%
ROA
-15.6%▼
2024 · 21.2%
Debt ≤ 1 year
€3.62M▲
2024 · €69k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€51.03M€58.64M▲
Fixed assets21/28€42.71M€57.66M▲
Financial fixed assets28€42.71M€57.66M▲
Affiliated companies280/1€28.49M€47.82M▲
Participating interests280€26.22M€43.84M▲
Amounts receivable281€2.28M€3.98M▲
Companies linked by participating interests282/3€14.22M€9.84M▼
Participating interests282€13.72M€9.29M▼
Amounts receivable283€500k€546k▲
Current assets29/58€8.31M€980k▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€2.24M€339k▼
Trade receivables40€522k€175k▼
Other amounts receivable41€1.72M€163k▼
Current investments50/53€5.50M€500k▼
Other investments51/53€5.50M€500k▼
Cash at bank and in hand54/58€482k€67k▼
Deferred charges and accrued income490/1€89k€74k▼
Equity and liabilities
Total equity and liabilities10/49€51.03M€58.64M▲
Equity10/15€50.95M€55.01M▲
Contributions10/11€46.21M€59.41M▲
Profit (loss) carried forward14€4.74M€-4.40M▼
Amounts payable17/49€82k€3.63M▲
Amounts payable within one year42/48€69k€3.62M▲
Financial debts43-€3.50M
Credit institutions430/8-€3.50M
Trade debts44€69k€100k▲
Suppliers440/4€69k€100k▲
Taxes, remuneration and social security45€0€20k▲
Taxes450/3€0€20k▲
Other amounts payable47/48€165€0▼
Accrued charges and deferred income492/3€12k€11k▼
Income statement
Code20242025
Operating income70/76A€905k€736k▼
Turnover70€694k€736k▲
Other operating income74€5k€0▼
Non-recurring operating income76A€205k€0▼
Operating charges60/66A€2.66M€2.75M▲
Services and other goods61€2.66M€2.75M▲
Other operating charges640/8€2k€2k▼
Operating profit (loss)9901€-1.76M€-2.02M▼
Financial income75/76B€13.69M€398k▼
Recurring financial income75€268k€398k▲
Income from financial fixed assets750€236k€359k▲
Income from current assets751€32k€39k▲
Other financial income752/9€1€0▼
Non-recurring financial income76B€13.43M€0▼
Financial charges65/66B€1.14M€7.52M▲
Recurring financial charges65€115k€401k▲
Debt charges650€114k€400k▲
Other financial charges652/9€1k€777▼
Non-recurring financial charges66B€1.03M€7.12M▲
Profit (loss) for the period before taxes9903€10.80M€-9.14M▼
Taxes670/3€10k€0▼
Tax adjustments and reversals of tax provisions77€10k€0▼
Profit (loss) for the period9904€10.80M€-9.14M▼
Profit (loss) for the period to be appropriated9905€10.80M€-9.14M▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.74M€-4.40M▼
Profit (loss) brought forward from the previous period14P€-6.06M€4.74M▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (53 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
10-10
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
31-03
Financial
Weakest financial yearnet €-9.14M ▼185%
Net result drops to €-9.14M, the lowest in the series.
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
11-10
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
14-06
State Gazette act
General meeting · Share cancellation
Statutes amendment · Director resignation
31-03
Financial
Highest result since 2019net €10.80M ▲225%
Net result €10.80M, the highest in the series.
31-03
Financial
Liquidity times 7current ratio 119.84
Current ratio from 16.45 to 119.84; short-term debt falls from €101k to €69k.
31-03
Financial
Equity above €50MEq €50.95M ▲24.3%
2 profitable years in a row build equity to €50.95M.
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Show earlier events
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
31-03
Financial
Back to profitnet €3.32M
Net result €3.32M after 3 loss-making years.
2021
24-09
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Liquidity times 155current ratio 35.57
Current ratio from 0.23 to 35.57; short-term debt falls from €6.09M to €103k.
2020
31-03
Financial
Equity above €25MEq €35.65M ▲702%
Equity rises from €4.44M to €35.65M.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Minderbroedersrui 112000 AntwerpenGround area
808 m²
Building footprint
565 m²
Volume, LiDAR
6,604 m³
Parcel 11002A0692/00E000, Flanders · tallest building 19.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Down2Earth Capital II
since 20182.295.421.262
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A0692/00E000 | Flanders | 808 m² | 1 · 565 m² | 19.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
7 connected companiesLinked via shared directors
Shared director
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Shared director
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Shared director
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Shared director
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Show 3 more companies with a shared director
Shared director
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Shared director
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Shared director
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
9 locations
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Of 24,500 companies in sector 82990 we hold annual accounts for 9,404. 315 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formLimited partnership
Founded02-05-2018
Fiscal year end31-03
Abbreviation NL
D2E Capital II
Activities, NACEBEL 2025
82990Other business support services
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.