TIWER
ActiveThe computed 12-month bankruptcy probability of TIWER is 1.7% (moderate). The 2024 annual accounts show equity of €166k and a net result of €-33k. Equity is shrinking by ~6.5% per year across the filed fiscal years. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
22
/ 100
Critical▼ -8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency32▼-36
Growth32=
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.58 in 2023), and 72.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
27.9%
Return on assets
-5.6%
Age of the figures
20 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year -€33k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-06-2025, 50 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
50 d early
2023
39 d early
2022
31 d late
2021
25 d late
2020
27 d late
2019
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€166k▼ 16.8%
2023 · €199k
2019: €224k
2020: €242k
2021: €228k
2022: €212k
2023: €199k
2019 → 2024
Total assets
€595k▲ 129%
2023 · €260k
2019: €252k
2020: €261k
2021: €234k
2022: €228k
2023: €260k
2019 → 2024
Net result
€-33k▼ 164%
2023 · €-13k
2019: €16k
2020: €18k
2021: €-13k
2022: €-16k
2023: €-13k
2019 → 2024
Working capital
€-365k▼ 1,329%
2023 · €-26k
2019: €8k
2020: €26k
2021: €23k
2022: €16k
2023: €-26k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€242k-€228k▼ 5.5%€212k▼ 7.2%€199k▼ 6.0%€166k▼ 16.8%
Operating result€25k-€-15k€-16k▼ 10.7%€-14k▲ 14.2%€-35k▼ 152%
Net result€18k-€-13k€-16k▼ 24.2%€-13k▲ 22.7%€-33k▼ 164%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €35k in 2024 against €14k in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €595k
Fixed assets
€531k▲ 136%
Current assets
€63k▲ 82.2%
Equity and liabilities €595k
Equity
€166k▼ 16.8%
Debt
€429k▲ 610%
The debt ratio rises from 23.3% to 72.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-2k▲
2023 · €-4k
Cash flow
€-65▲
2023 · €-2k
Solvency
27.9%▼
2023 · 76.7%
Current ratio
0.15▼
2023 · 0.58
Quick ratio
0.15▼
2023 · 0.58
Debt / equity
2.58▲
2023 · 0.30
ROE
-20.1%▼
2023 · -6.4%
ROA
-5.6%▼
2023 · -4.9%
Debt
€429k▲
2023 · €60k
Debt ≤ 1 year
€429k▲
2023 · €60k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€260k€595k▲
Fixed assets21/28€225k€531k▲
Tangible fixed assets22/27€225k€531k▲
Land and buildings22€75k€252k▲
Other tangible fixed assets26€150k€279k▲
Current assets29/58€35k€63k▲
Amounts receivable within one year40/41€35k€33k▼
Other amounts receivable41€35k€33k▼
Cash at bank and in hand54/58€241€30k▲
Equity and liabilities
Total equity and liabilities10/49€260k€595k▲
Equity10/15€199k€166k▼
Contributions10/11€19k€19k=
Reserves13€129k€129k=
Tax-exempt reserves132€41k€41k=
Distributable reserves133€88k€88k=
Profit (loss) carried forward14€51k€18k▼
Amounts payable17/49€60k€429k▲
Amounts payable within one year42/48€60k€429k▲
Trade debts44€393€106▼
Suppliers440/4€393€106▼
Other amounts payable47/48€60k€429k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€33k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€-277€3k▲
Operating profit (loss)9901€-14k€-35k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€78-
Recurring financial charges65€78-
Profit (loss) for the period before taxes9903€-13k€-33k▼
Profit (loss) for the period9904€-13k€-33k▼
Profit (loss) for the period to be appropriated9905€-13k€-33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€51k€18k▼
Profit (loss) brought forward from the previous period14P€64k€51k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series.
22-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 4.81
Current ratio from 2.33 to 4.81; short-term debt falls from €20k to €6k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Highest result since 2019net €18k ▲15.7%
Operating result €25k, net result €18k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Truiden
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.
Ridderstraat 93800 Sint-TruidenGround area
153 m²
Building footprint
153 m²
Volume, LiDAR
1,515 m³
Parcel 71053H1063/00E000, Flanders · tallest building 16.8 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71053H1063/00E000 | Flanders | 153 m² | 1 · 153 m² | 16.8 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-03-2018
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.