TW CONSULT
ActiveSummary
TW CONSULT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €131k and a net result of €65k. Equity is growing by ~24.4% per year across the filed fiscal years. Its solvency ranks better than 51% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency86▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.57 against 3.14 in 2024; short-term debt: 38.8% and cash: 9% of total assets), and 38.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
61.2%
Return on assets
30.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
14 d early
2023
40 d early
2022
31 d early
2021
31 d early
2020
31 d late
2019
307 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€131k▲ 5.1%
2024 · €124k
2018: €17klowest in 8 years
2019: €35k▲ +107% vs 2018
2020: €49k▲ +41.0% vs 2019
2021: €60k▲ +22.1% vs 2020
2022: €72k▲ +19.3% vs 2021
2023: €92k▲ +28.2% vs 2022
2024: €124k▲ +35.3% vs 2023
2025: €131k▲ +5.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€214k▲ 17.1%
2024 · €183k
2018: €47klowest in 8 years
2019: €50k▲ +7.1% vs 2018
2020: €61k▲ +21.5% vs 2019
2021: €90k▲ +47.1% vs 2020
2022: €98k▲ +9.1% vs 2021
2023: €106k▲ +7.8% vs 2022
2024: €183k▲ +72.2% vs 2023
2025: €214k▲ +17.1% vs 2024highest in 8 years
2018 → 2025
Net result
€65k▲ 28.7%
2024 · €51k
2018: €21k
2019: €18k▼ -12.0% vs 2018
2020: €14k▼ -20.7% vs 2019lowest in 8 years
2021: €20k▲ +37.4% vs 2020
2022: €23k▲ +14.9% vs 2021
2023: €21k▼ -6.9% vs 2022
2024: €51k▲ +140% vs 2023
2025: €65k▲ +28.7% vs 2024highest in 8 years
2018 → 2025
Working capital
€131k▲ 5.1%
2024 · €124k
2018: €17klowest in 8 years
2019: €35k▲ +107% vs 2018
2020: €49k▲ +41.0% vs 2019
2021: €60k▲ +22.1% vs 2020
2022: €72k▲ +19.3% vs 2021
2023: €92k▲ +28.2% vs 2022
2024: €124k▲ +35.3% vs 2023
2025: €131k▲ +5.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€72k▲ 19.3%€92k▲ 28.2%€124k▲ 35.3%€131k▲ 5.1%
2021: €60klowest in 5 years
2022: €72k▲ +19.3% vs 2021
2023: €92k▲ +28.2% vs 2022
2024: €124k▲ +35.3% vs 2023
2025: €131k▲ +5.1% vs 2024highest in 5 years
Operating result€27k-€28k▲ 6.5%€28k▼ 1.7%€75k▲ 167%€81k▲ 8.6%
2021: €27klowest in 5 years
2022: €28k▲ +6.5% vs 2021
2023: €28k▼ -1.7% vs 2022
2024: €75k▲ +167% vs 2023
2025: €81k▲ +8.6% vs 2024highest in 5 years
Net result€20k-€23k▲ 14.9%€21k▼ 6.9%€51k▲ 140%€65k▲ 28.7%
2021: €20klowest in 5 years
2022: €23k▲ +14.9% vs 2021
2023: €21k▼ -6.9% vs 2022
2024: €51k▲ +140% vs 2023
2025: €65k▲ +28.7% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 9% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €214k
Equity
€131k ▲ 5.1%
Debt
€83k ▲ 42.7%
Debt's share of the balance-sheet total rises from 31.9% to 38.8%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.57▼
2024 · 3.14
Debt to equity
0.64▲
2024 · 0.47
ROE
49.7%▲
2024 · 40.6%
ROA
30.4%▲
2024 · 27.7%
Debt ≤ 1 year
€83k▲
2024 · €58k
Income taxes
€21k▼
2024 · €28k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€183k€214k▲
Current assets29/58€183k€214k▲
Amounts receivable after more than one year29€40k€10k▼
Other amounts receivable291€40k€10k▼
Amounts receivable within one year40/41€124k€184k▲
Trade receivables40€54k€70k▲
Other amounts receivable41€70k€113k▲
Cash at bank and in hand54/58€14k€19k▲
Deferred charges and accrued income490/1€5k€1k▼
Equity and liabilities
Total equity and liabilities10/49€183k€214k▲
Equity10/15€124k€131k▲
Contributions10/11€6k€6k=
Reserves13€118k€125k▲
Distributable reserves133€118k€125k▲
Amounts payable17/49€58k€83k▲
Amounts payable within one year42/48€58k€83k▲
Current portion of amounts payable after more than one year42€5k€7k▲
Financial debts43€2k€4k▲
Credit institutions430/8€2k€4k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€31k€11k▼
Taxes450/3€31k€11k▼
Other amounts payable47/48€18k€59k▲
Income statement
Code20242025
Other operating charges640/8€533€400▼
Non-recurring operating charges66A€118€405▲
Gross operating margin9900€75k€82k▲
Operating profit (loss)9901€75k€81k▲
Financial income75/76B€4k€6k▲
Recurring financial income75€4k€6k▲
Financial charges65/66B€381€542▲
Recurring financial charges65€381€542▲
Profit (loss) for the period before taxes9903€78k€86k▲
Income taxes67/77€28k€21k▼
Profit (loss) for the period9904€51k€65k▲
Profit (loss) for the period to be appropriated9905€51k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€51k€65k▲
Transfer from equity791/2€18k€46k▲
Transfer to equity691/2€51k€52k▲
To other reserves6921€51k€52k▲
Profit to be distributed694/7€18k€59k▲
Return on contributions (dividend)694€18k€46k▲
Directors or managers695-€13k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €348 | €394 | €910 | €533 | €400 | ▼ 25.0% |
| Non-recurring operating charges66A | €350 | - | - | €118 | €405 | ▲ 243% |
| Gross operating margin9900 | €27k | €29k | €29k | €75k | €82k | ▲ 8.7% |
| Operating profit (loss)9901 | €27k | €28k | €28k | €75k | €81k | ▲ 8.6% |
| Financial income75/76B | €1k | €2k | €2k | €4k | €6k | ▲ 43.3% |
| Recurring financial income75 | €1k | €2k | €2k | €4k | €6k | ▲ 43.3% |
| Financial charges65/66B | €118 | €190 | €322 | €381 | €542 | ▲ 42.2% |
| Recurring financial charges65 | €118 | €190 | €322 | €381 | €542 | ▲ 42.2% |
| Profit (loss) for the period before taxes9903 | €28k | €30k | €30k | €78k | €86k | ▲ 10.2% |
| Income taxes67/77 | €8k | €7k | €9k | €28k | €21k | ▼ 23.8% |
| Profit (loss) for the period9904 | €20k | €23k | €21k | €51k | €65k | ▲ 28.7% |
| Profit (loss) for the period to be appropriated9905 | €20k | €23k | €21k | €51k | €65k | ▲ 28.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €90k | €98k | €106k | €183k | €214k | ▲ 17.1% |
| Current assets29/58 | €90k | €98k | €106k | €183k | €214k | ▲ 17.1% |
| Amounts receivable after more than one year29 | €30k | €40k | €40k | €40k | €10k | ▼ 75.0% |
| Other amounts receivable291 | €30k | €40k | €40k | €40k | €10k | ▼ 75.0% |
| Amounts receivable within one year40/41 | €52k | €40k | €55k | €124k | €184k | ▲ 47.9% |
| Trade receivables40 | €35k | €24k | €24k | €54k | €70k | ▲ 30.8% |
| Other amounts receivable41 | €16k | €16k | €31k | €70k | €113k | ▲ 60.9% |
| Cash at bank and in hand54/58 | €7k | €11k | €3k | €14k | €19k | ▲ 42.5% |
| Deferred charges and accrued income490/1 | €2k | €7k | €8k | €5k | €1k | ▼ 77.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €90k | €98k | €106k | €183k | €214k | ▲ 17.1% |
| Equity10/15 | €60k | €72k | €92k | €124k | €131k | ▲ 5.1% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €54k | €66k | €86k | €118k | €125k | ▲ 5.4% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €52k | €64k | €86k | €118k | €125k | ▲ 5.4% |
| Amounts payable17/49 | €30k | €27k | €14k | €58k | €83k | ▲ 42.7% |
| Amounts payable within one year42/48 | €30k | €27k | €14k | €58k | €83k | ▲ 42.7% |
| Current portion of amounts payable after more than one year42 | - | €4k | €5k | €5k | €7k | ▲ 42.5% |
| Financial debts43 | €1k | €1k | €538 | €2k | €4k | ▲ 76.8% |
| Credit institutions430/8 | €1k | €1k | €538 | €2k | €4k | ▲ 76.8% |
| Trade debts44 | €778 | €778 | €3k | €2k | €2k | ▲ 19.9% |
| Suppliers440/4 | €778 | €778 | €3k | €2k | €2k | ▲ 19.9% |
| Taxes, remuneration and social security45 | €19k | €10k | €5k | €31k | €11k | ▼ 63.5% |
| Taxes450/3 | €19k | €10k | €5k | €31k | €11k | ▼ 63.5% |
| Other amounts payable47/48 | €9k | €11k | €833 | €18k | €59k | ▲ 224% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €23k | €21k | €51k | €65k | ▲ 28.7% |
| Operating cash flow (approximation) | €20k | €23k | €21k | €51k | €65k | ▲ 28.7% |
| Change in cash | - | €5k | €-9k | €11k | €6k | ▼ 46.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €65k ▲28.7%
Operating result €81k, net result €65k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €124k ▲35.3%
7 profitable years in a row build equity to €124k.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 7.54
Current ratio from 3.70 to 7.54; short-term debt falls from €27k to €14k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 307 days late
2020
31-12
Financial
Weakest financial yearnet €14k ▼20.7%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
2019
31-12
Financial
Liquidity doublescurrent ratio 3.25
Current ratio from 1.56 to 3.25; short-term debt falls from €30k to €16k.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 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, Fernelmont · 1 establishment unit since 2011
Ground area
829 m²
Building footprint
97 m²
Parcel 92047C0413/00R000, Wallonia. Linked by address, not a title deed.
1 establishment unit
TW CONSULT
since 20112.232.395.612
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92047C0413/00R000 | Wallonia | 829 m² | 1 · 97 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 15,424 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Contact
Phone
0471.23.06.09Fernelmont
Scores and ratios are computed by Checked and are not a credit decision.