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Fondation Twins

Active
Private foundationfounded 2014active for 11 yearsLouizalaan 347, 1050 Elsene, Belgium30 active companies are registered at this addressKBO/BCE: BE 0507.925.553
Summary

The annual accounts of Fondation Twins for financial year 2024 show a net loss of 90% of the equity at the start of that year. The 2024 annual accounts show equity of €976 and a net result of -€9,030. The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
“La pérennisation et la mise en valeur, sous quelque forme que ce soit, en…” (deed in French)
From the articles, 4 activitiesNo NACE code in the KBO yet
Size
€1.1mtotal assets 2024
Equity
€976
Deficit
-€9,030
Financial health
53 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Accounts 79 days overdue3 of 7 deeds read
Why 53raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearFigures for financial year 2024 (filed 06-01-2026)Liquidity: current ratio 0.00, cash €2,058lowers riskLegal form: private foundationSize: total assets €1.1mShow the evidence

Checked score

Score 2024
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 12% of its sector peers (no NACE code, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Weak
Solvency 25-1
equity 0.1% of total assets
Liquidity 0=
short-term debt 99.9% · cash 0.2%
Profitability 35=
return on assets -0.8%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: < 0.1%▼ -0.1 percentage points vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025lowest value 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: 0.1%▲ +0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.2%▲ +0.1 percentage points vs 09-2025 11-2025: 0.3%▲ +0.1 percentage points vs 10-2025 12-2025: 0.4%▲ +0.1 percentage points vs 11-2025 01-2026: 0.5%▲ +0.1 percentage points vs 12-2025highest value 02-2026: 0.1%▼ -0.4 percentage points vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.4%▲ +0.2 percentage points vs 09-2026
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.0, compared with 0.0 in 2023, below 1; short-term debt: 99.9% and cash: 0.2% of total assets), and 99.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 15% on solvency, 3% on liquidity, 25% on profitability and 5% on growth.

The bankruptcy probability was computed on 17-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises risk
lowers risk · Legal form: private foundation
KBO
lowers risk · Size: total assets €1.1m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Figures for financial year 2024 (filed 06-01-2026)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.00, cash €2,058
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
2324
2023 to 2024 · latest year -€9,030
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 79 days later.
NBB · 2 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline18-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-12-2025, 152 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 2 filings
Deviation from the deadline
2025
not filed
2024
152 days late
2023
34 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 93 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Amendment of the articlesPurpose change
  2. Annual accounts filedfinancial year 2024 · full…
  3. Resignations: Katrien Vervaecke (director) and Lydia…Amendment of the articles ·…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 79 days late View
  • Total assets 20242 financial years filed €1.1m View
  • Active since 2014founded 23-12-2014 11 years View

By topic

Financials

Financial year
2024
Total assets
€1.1m
Loss
-€9,030
Solvency
0.1%
Total assets=
Net result
20232024
Go to Financials

Company details

Legal form
Private foundation
Founded
23-12-2014
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Articles of association

Provisions read
9
Purpose
“La pérennisation et la mise en valeur, sous quelque forme que ce soit, en tout ou en…” (deed in French)
Go to Articles of association

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