THWAINI
ActiveSummary
The computed 12-month bankruptcy probability of THWAINI is 1.8% (moderate). The 2025 annual accounts show equity of €50k and a net result of €16k. Its solvency ranks better than 95% of 18280 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth52
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 15.44 against 3.96 in 2024; short-term debt: 6.5% and cash: 64.8% of total assets), and 6.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.5%
Return on assets
29.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
15 d early
2024
22 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€139k
EBIT margin
17.4%
Net result
€16k▼ 33.6%
2024 · €24k
2024: €24k
2024 → 2025
Working capital
€50k▲ 46.9%
2024 · €34k
2024: €34k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Turnover€139k-
Equity€34k-€50k▲ 46.9%
Operating result€24k-€22k▼ 10.4%
Net result€24k-€16k▼ 33.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €54k
Equity
€50k ▲ 46.9%
Debt
€3k ▼ 69.9%
Debt's share of the balance-sheet total falls from 25.2% to 6.5%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
15.44▲
2024 · 3.96
Quick ratio
10.60▲
2024 · 2.55
Debt to equity
0.07▼
2024 · 0.34
ROE
31.9%▼
2024 · 70.6%
ROA
29.9%▼
2024 · 52.8%
Debt ≤ 1 year
€3k▼
2024 · €11k
Income taxes
€6k
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 · 31 lines
Balance sheet
Code20242025
Assets
Total assets20/58€46k€54k▲
Current assets29/58€46k€54k▲
Stocks and contracts in progress3€16k€17k▲
Stocks30/36€16k€17k▲
Amounts receivable within one year40/41€1k€2k▲
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€28k€35k▲
Equity and liabilities
Total equity and liabilities10/49€46k€54k▲
Equity10/15€34k€50k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€24k€40k▲
Amounts payable17/49€11k€3k▼
Amounts payable within one year42/48€11k€3k▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€7k-
Taxes450/3€7k-
Other amounts payable47/48€3k€2k▼
Income statement
Code20242025
Turnover70€139k-
Goods, raw materials, services and sundry goods60/61€115k-
Other operating charges640/8€168€144▼
Gross operating margin9900€24k€22k▼
Operating profit (loss)9901€24k€22k▼
Financial charges65/66B€83€50▼
Recurring financial charges65€83€50▼
Profit (loss) for the period before taxes9903€24k€22k▼
Income taxes67/77-€6k
Profit (loss) for the period9904€24k€16k▼
Profit (loss) for the period to be appropriated9905€24k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€40k▲
Profit (loss) brought forward from the previous period14P-€24k
The notes to these accounts (1 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
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 15.44
Current ratio from 3.96 to 15.44; short-term debt falls from €11k to €3k.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2023
Ground area
314 m²
Building footprint
90 m²
Volume, LiDAR
479 m³
2 parcels, Brussels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
THWAINI
since 20232.349.369.395
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11011A0131/00V000 | Flanders | 287 m² | 1 · 90 m² | 9.3 m · 2 fl. |
| 21802B0359/00L000 | Brussels | 26 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
RUSADIA
BE 0866.851.584
Jodoigne · Eq €49,999
JUWELEN & FASHION NEVEJAN
BE 0539.762.240
Poperinge · Eq €50,267
BIJOUX FASHION
BE 0872.012.578
Oostkamp · Eq €50,371
REMY
BE 0441.824.409
Verviers · Eq €49,428
GEMICINE
BE 0758.504.663
Kapellen · Eq €50,696
Of 2,017 companies in sector 47770 we hold annual accounts for 898. 640 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 formPrivate limited company
Founded23-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47770Retail sale of watches and jewellery
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.