Equity
TW PROJECTS has made a profit without a break since 2019.
TW PROJECTS has made a profit without a break since 2019.
The last five annual accounts were filed 60 to 74 days before the end of the period.
Higher solvency than 95% of companies in rental and leasing. Sector median 30.4% · 2,055 companies.
In July 2024, 10,902 companies had the same profile as TW PROJECTS has now. Each dot stands for 28 companies, two years later.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,902 companies, not a prediction for TW PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| TW PROJECTS Puurs-Sint-Amands | €425,718 | €145,502 | 95.2% | - |
| BRASSERIE 't VERVOLG Middelkerke | €431,020 | €186,939 | 94.0% | - |
| RIVERSTAR Diest | €464,921 | €87,526 | 98.1% | - |
| Aqua Libra Kinrooi | €443,508 | €110,752 | 45.2% | - |
| YAKASAUTER Tournai | €607,770 | €254,800 | 25.7% | - |
| T & S Services Ghent | €324,815 | €276,876 | 69.9% | - |
| V-FORMATION Nazareth-De Pinte | €645,397 | €250,147 | 10.3% | 4.7 |
These companies have the same main activity as TW PROJECTS: renting and leasing of sports and recreation goods (NACE 77210). They are comparable in size and age: total assets between €325,000 and €645,000, founded between 2005 and 2011.
TW PROJECTS has existed since 2008. Turnover grew from €50,201 in 2008 to €204,564 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 95% of 2,055 companies in 2025.
Higher than 95% of 1,955 companies in 2025.
Higher than 55% of 1,978 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
425,718 | 410,642 | 448,096 | 403,379 | 351,223 | 344,499 | 338,006 | 309,949 | 305,104 | 319,275 | 268,656 | 232,846 | 180,206 | 134,759 | 79,013 | 128,473 | 102,482 | 117,240 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 5 | 172 | 338 | 505 | 671 | |
21/28 |
126,853 | 139,258 | 146,182 | 140,492 | 145,402 | 155,580 | 169,429 | 182,972 | 197,546 | 206,823 | 208,628 | 9,266 | 9,496 | 11,410 | 11,468 | 70,667 | 69,455 | 77,476 | |
21 |
- | - | - | - | 0 | - | - | 80 | 214 | 358 | 501 | 645 | - | - | - | - | - | - | |
22/27 |
126,853 | 139,258 | 146,182 | 140,492 | 145,402 | 155,580 | 169,429 | 182,892 | 197,332 | 206,465 | 208,127 | 8,621 | 9,496 | 11,405 | 11,296 | 70,329 | 68,950 | 76,805 | |
22 |
116,366 | 122,409 | 128,452 | 134,494 | 140,537 | 146,580 | 152,623 | 155,645 | 161,541 | 167,437 | 173,333 | - | - | - | - | - | - | - | |
23 |
4,355 | 2,379 | 2,678 | 3,037 | 592 | 1,506 | 2,420 | 3,372 | 6,582 | 373 | 526 | - | - | - | - | - | - | - | |
24 |
6,132 | 14,470 | 15,052 | 2,961 | 4,273 | 7,494 | 14,386 | 23,875 | 29,209 | 38,655 | 34,268 | 8,621 | 9,496 | 11,405 | 11,296 | 70,329 | 68,950 | 76,805 | |
29/58 |
298,865 | 271,384 | 301,914 | 262,887 | 205,821 | 188,919 | 168,577 | 126,977 | 107,558 | 112,452 | 60,028 | 223,580 | 170,710 | 123,349 | 67,545 | 57,806 | 33,027 | 39,764 | |
40/41 |
20,961 | 26,314 | 63,910 | 67,788 | 42,363 | 43,082 | 59,778 | 43,376 | 23,484 | 12,843 | 19,675 | 24,499 | 20,332 | 17,057 | 13,424 | 5,422 | 11,659 | 3,437 | |
40 |
20,026 | 26,314 | 63,910 | 67,788 | 42,319 | 43,038 | 58,146 | 43,376 | 19,603 | 10,836 | 17,928 | 24,499 | 8,859 | 8,589 | 4,840 | 4,901 | 10,963 | 2,904 | |
41 |
935 | - | - | - | 44 | 44 | 1,632 | - | 3,881 | 2,007 | 1,747 | - | 11,473 | 8,468 | 8,584 | 521 | 696 | 533 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | 197,372 | 93,385 | 82,685 | 27,024 | 20,000 | - | - | |
54/58 |
272,100 | 237,820 | 229,658 | 185,240 | 153,552 | 135,926 | 103,258 | 81,760 | 84,074 | 99,609 | 40,353 | - | 55,059 | 21,673 | 25,163 | 32,384 | 21,368 | 36,327 | |
490/1 |
5,804 | 7,250 | 8,346 | 9,859 | 9,906 | 9,911 | 5,541 | 1,841 | - | - | - | 1,709 | 1,934 | 1,934 | 1,934 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
425,718 | 410,642 | 448,096 | 403,379 | 351,223 | 344,499 | 338,006 | 309,949 | 305,104 | 319,275 | 268,656 | 232,846 | 180,206 | 134,759 | 79,013 | 128,473 | 102,482 | 117,240 | |
10/15 |
405,419 | 390,026 | 376,333 | 318,673 | 326,617 | 316,650 | 291,051 | 286,765 | 288,887 | 287,935 | 248,159 | 200,153 | 154,510 | 104,243 | 53,583 | 39,299 | 19,310 | 15,695 | |
10/11 |
6,667 | 6,667 | 6,667 | 6,667 | 6,667 | 6,667 | 6,667 | 6,667 | 6,667 | 6,667 | 6,667 | 6,667 | 6,667 | 6,667 | 6,667 | 6,667 | 6,667 | 6,667 | |
100 |
- | - | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
101 |
- | - | - | - | - | - | 13,333 | 13,333 | 13,333 | 13,333 | 13,333 | 13,333 | 13,333 | 13,333 | 13,333 | 13,333 | 13,333 | 13,333 | |
13 |
156,465 | 141,072 | 127,379 | 69,719 | 77,663 | 67,696 | 42,097 | 42,097 | 42,097 | 42,097 | 2,321 | 2,321 | 2,321 | 2,321 | 2,650 | 1,631 | 632 | 451 | |
130/1 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,329 | 1,631 | 632 | 451 | |
1311 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
321 | 321 | 321 | 321 | 321 | 321 | 321 | 321 | 321 | 321 | 321 | 321 | 321 | 321 | 321 | - | - | - | |
133 |
154,144 | 138,751 | 125,058 | 67,398 | 75,342 | 65,375 | 39,776 | 39,776 | 39,776 | 39,776 | - | - | - | - | - | - | - | - | |
14 |
242,287 | 242,287 | 242,287 | 242,287 | 242,287 | 242,287 | 242,287 | 238,001 | 240,123 | 239,171 | 239,171 | 191,165 | 145,522 | 95,255 | 44,266 | 31,001 | 12,011 | 8,577 | |
17/49 |
20,299 | 20,616 | 71,763 | 84,706 | 24,606 | 27,849 | 46,955 | 23,184 | 16,217 | 31,340 | 20,497 | 32,693 | 25,696 | 30,516 | 25,430 | 89,174 | 83,172 | 101,545 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15,959 | 22,014 | 27,773 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15,959 | 22,014 | 27,773 | |
42/48 |
20,299 | 20,616 | 71,763 | 84,706 | 24,606 | 27,849 | 46,955 | 22,346 | 16,217 | 31,340 | 20,497 | 32,693 | 25,696 | 30,516 | 25,430 | 73,215 | 61,158 | 73,772 | |
44 |
115 | 762 | 24,941 | 51,928 | 14,200 | 17,748 | 17,121 | 9,726 | 13,282 | 5,280 | 9,269 | 6,913 | 3,049 | 6,275 | 1,094 | 1,053 | 2,528 | 6,528 | |
440/4 |
115 | 762 | 24,941 | 51,928 | 14,200 | 17,748 | 17,121 | 9,726 | 13,282 | 5,280 | 9,269 | 6,913 | 3,049 | 6,275 | 1,094 | 1,053 | 2,528 | 6,528 | |
45 |
16,169 | 16,647 | 44,724 | 30,458 | 8,196 | 7,597 | 12,938 | 12,620 | 2,539 | 25,668 | 11,228 | 24,021 | 22,143 | 8,738 | 6,802 | 9,483 | 4,579 | 4,086 | |
450/3 |
10,959 | 8,659 | 36,731 | 30,458 | 8,196 | 7,597 | 12,938 | 10,817 | 2,539 | 25,668 | 11,228 | 21,500 | 22,143 | 8,738 | 6,802 | 9,483 | 4,579 | 4,086 | |
454/9 |
5,210 | 7,988 | 7,993 | - | - | - | - | 1,803 | - | - | - | 2,521 | - | - | - | - | - | - | |
47/48 |
4,015 | 3,207 | 2,098 | 2,320 | 2,210 | 2,504 | 16,896 | - | 396 | 392 | - | 1,759 | 504 | 15,503 | 17,534 | 62,679 | 54,051 | 63,158 | |
492/3 |
- | - | - | - | - | - | - | 838 | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||
70 |
204,564 | 264,960 | 352,402 | 293,530 | 233,342 | 288,086 | 283,677 | 192,247 | 142,140 | 172,266 | 159,938 | 139,905 | 110,275 | 105,905 | 81,935 | 67,110 | 35,655 | 50,201 | |
76A |
19,070 | 380 | 21,205 | 1,400 | 2,409 | 501 | 8,611 | - | - | 105 | - | - | 1,188 | - | - | - | - | - | |
9900 |
145,502 | 148,213 | 178,599 | 123,794 | 103,989 | 142,520 | 137,672 | 76,460 | 54,487 | 85,699 | 72,905 | 74,625 | 75,574 | 82,950 | 42,682 | 42,104 | 16,012 | 21,723 | |
60/61 |
78,132 | 117,127 | 195,008 | 171,136 | 131,762 | 146,067 | 154,616 | 115,787 | 87,653 | 86,672 | 87,033 | 65,280 | 34,700 | 22,955 | 39,253 | 25,006 | 19,553 | 28,478 | |
62 |
109,263 | 113,407 | 88,122 | 65,351 | 71,389 | 78,744 | 90,470 | 48,632 | 35,818 | 6,104 | 67 | 98 | - | 125 | 80 | - | - | - | |
630 |
8,702 | 12,151 | 9,145 | 7,910 | 10,293 | 14,865 | 16,529 | 18,558 | 17,673 | 15,223 | 8,805 | 2,607 | 2,575 | 2,355 | 1,860 | 9,509 | 8,573 | 5,047 | |
640/8 |
2,098 | 1,534 | 2,192 | 1,849 | 1,869 | 1,786 | 2,126 | 2,177 | 1,983 | 1,996 | 1,284 | 1,277 | 1,272 | 1,269 | 6,153 | 54 | 53 | - | |
66A |
- | - | - | - | - | 7,500 | - | - | - | 1,000 | - | - | - | - | 6,967 | - | - | - | |
9901 |
25,439 | 21,121 | 79,140 | 48,684 | 20,438 | 39,625 | 28,547 | 7,093 | -987 | 61,376 | 62,749 | 70,643 | 71,727 | 79,201 | 34,589 | 32,541 | 7,386 | 16,676 | |
75/76B |
5,535 | 1,975 | 346 | - | 20 | 26 | - | 49 | 53 | 33 | 374 | 567 | 953 | 854 | 56 | 244 | 248 | 128 | |
75 |
5,535 | 1,975 | 346 | - | 20 | 26 | - | 49 | 53 | 33 | 374 | 567 | 953 | 854 | 56 | 244 | 248 | 128 | |
65/66B |
2,855 | 2,834 | 1,000 | 953 | 1,176 | 1,470 | 1,633 | 718 | 119 | 119 | 131 | 128 | 103 | 97 | 786 | 1,047 | 1,347 | 930 | |
65 |
2,855 | 2,834 | 1,000 | 953 | 1,176 | 1,470 | 1,633 | 718 | 119 | 119 | 131 | 128 | 103 | 97 | 786 | 1,047 | 1,347 | 930 | |
9903 |
28,119 | 20,262 | 78,486 | 47,731 | 19,282 | 38,181 | 26,914 | 6,424 | -1,053 | 61,290 | 62,992 | 71,082 | 73,765 | 79,958 | 26,892 | 31,738 | 6,287 | 15,874 | |
67/77 |
12,726 | 6,569 | 20,826 | 15,900 | 9,315 | 12,582 | 2,628 | 8,546 | -2,005 | 21,514 | 14,986 | 25,439 | 23,498 | 29,298 | 12,608 | 11,749 | 2,672 | 6,846 | |
9904 |
15,393 | 13,693 | 57,660 | 31,831 | 9,967 | 25,599 | 24,286 | -2,122 | 952 | 39,776 | 48,006 | 45,643 | 50,267 | 50,660 | 14,284 | 19,989 | 3,615 | 9,028 | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 321 | - | - | - | |
9905 |
15,393 | 13,693 | 57,660 | 31,831 | 9,967 | 25,599 | 24,286 | -2,122 | 952 | 39,776 | 48,006 | 45,643 | 50,267 | 50,660 | 13,963 | 19,989 | 3,615 | 9,028 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
257,680 | 255,980 | 299,947 | 274,118 | 252,254 | 267,886 | 262,287 | 238,001 | 240,123 | 278,947 | 239,171 | 191,165 | 145,522 | 94,926 | 44,964 | 32,000 | 12,192 | 9,028 | |
14P |
242,287 | 242,287 | 242,287 | 242,287 | 242,287 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 329 | - | - | - | - | |
691/2 |
15,393 | 13,693 | 57,660 | 31,831 | 9,967 | 25,599 | - | - | - | 39,776 | - | - | - | - | 698 | 999 | 181 | 451 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 698 | 999 | 181 | 451 | |
6921 |
15,393 | 13,693 | 57,660 | 31,831 | 9,967 | 25,599 | - | - | - | 39,776 | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | 20,000 | - | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | 20,000 | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 01-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-06-2026 | 2026-00130348 | |
| 31-12-2024 | abbreviated format | 19-05-2025 | 2025-00101223 | |
| 31-12-2023 | micro format | 21-05-2024 | 2024-00093886 | |
| 31-12-2022 | micro format | 25-05-2023 | 2023-00102248 | |
| 31-12-2021 | micro format | 18-05-2022 | 2022-20028903 | |
| 31-12-2020 | micro format | 26-05-2021 | 2021-15300600 | |
| 31-12-2019 | micro format | 03-06-2020 | 2020-14500432 | |
| 31-12-2018 | micro format | 24-05-2019 | 2019-14800151 | |
| 31-12-2017 | micro format | 18-05-2018 | 2018-13400121 | |
| 31-12-2016 | micro format | 23-05-2017 | 2017-13400376 | |
| 31-12-2015 | abbreviated format | 27-05-2016 | 2016-13900112 | |
| 31-12-2014 | abbreviated format | 19-05-2015 | 2015-12200528 | |
| 31-12-2013 | abbreviated format | 16-05-2014 | 2014-12900092 | |
| 31-12-2012 | abbreviated format | 28-05-2013 | 2013-14500445 | |
| 31-12-2011 | abbreviated format | 11-05-2012 | 2012-11500549 | |
| 31-12-2010 | abbreviated format | 31-05-2011 | 2011-14000452 | |
| 31-12-2009 | abbreviated format | 12-05-2010 | 2010-12100206 | |
| 31-12-2008 | abbreviated format | 15-05-2009 | 2009-15100064 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 34,141 | 33,272 | 88,285 | 56,594 | 30,731 | 54,490 | 45,076 | 25,651 | 16,686 | 76,599 | 71,554 | 73,250 | 74,302 | 81,556 | 36,449 | 42,050 | 15,959 | 21,723 | ||
| 24,095 | 25,844 | 66,805 | 39,741 | 20,260 | 40,464 | 40,815 | 16,436 | 18,625 | 54,999 | 56,811 | 48,250 | 52,842 | 53,015 | 16,144 | 29,498 | 12,188 | 14,075 | ||
| 2,597 | 5,227 | 14,835 | 3,000 | 1,383 | 1,016 | 5,229 | 3,984 | 8,396 | 13,418 | 208,167 | 2,377 | 661 | 2,297 | 3,346 | 10,721 | 551 | 81,691 | ||
| 34,280 | 8,162 | 44,418 | 31,688 | 17,626 | 32,668 | 21,498 | -2,314 | -15,535 | 59,256 | - | - | 33,386 | -3,490 | -7,221 | 11,016 | -14,959 | - | ||
| 278,566 | 250,768 | 230,151 | 178,181 | 181,215 | 161,070 | 121,622 | 104,631 | 91,341 | 81,112 | 39,531 | 190,887 | 145,014 | 92,833 | 42,115 | -15,409 | -28,131 | -34,008 | ||
| 12.4% | 8.0% | 22.5% | 16.6% | 8.8% | 13.8% | 10.1% | 3.7% | -0.7% | 35.6% | 39.2% | 50.5% | 65.0% | 74.8% | 42.2% | 48.5% | 20.7% | 33.2% | ||
| 95.2% | 95.0% | 84.0% | 79.0% | 93.0% | 91.9% | 86.1% | 92.5% | 94.7% | 90.2% | 92.4% | 86.0% | 85.7% | 77.4% | 67.8% | 30.6% | 18.8% | 13.4% | ||
| 14.72 | 13.16 | 4.21 | 3.10 | 8.36 | 6.78 | 3.59 | 5.68 | 6.63 | 3.59 | 2.93 | 6.84 | 6.64 | 4.04 | 2.66 | 0.79 | 0.54 | 0.54 | ||
| 0.05 | 0.05 | 0.19 | 0.27 | 0.08 | 0.09 | 0.16 | 0.08 | 0.06 | 0.11 | 0.08 | 0.16 | 0.17 | 0.29 | 0.47 | 2.27 | 4.31 | 6.47 | ||
| 3.8% | 3.5% | 15.3% | 10.0% | 3.1% | 8.1% | 8.3% | -0.7% | 0.3% | 13.8% | 19.3% | 22.8% | 32.5% | 48.6% | 26.7% | 50.9% | 18.7% | 57.5% | ||
| 3.6% | 3.3% | 12.9% | 7.9% | 2.8% | 7.4% | 7.2% | -0.7% | 0.3% | 12.5% | 17.9% | 19.6% | 27.9% | 37.6% | 18.1% | 15.6% | 3.5% | 7.7% | ||
| 11.96 | 11.74 | 88.29 | 59.39 | 26.13 | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 36 days | 36 days | 66 days | 84 days | 66 days | 55 days | 75 days | 82 days | 50 days | 23 days | 41 days | 64 days | 29 days | 30 days | 22 days | 27 days | 112 days | 21 days | ||
| 1 day | 2 days | 47 days | 111 days | 39 days | 44 days | 40 days | 31 days | 55 days | 22 days | 39 days | 39 days | 32 days | 100 days | 10 days | 15 days | 47 days | 84 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,597 | €5,227 | €14,835 | €3,000 | €1,383 |
| €8,702 | €12,151 | €9,145 | €7,910 | €10,293 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 20% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 5.0% to 4.8%. Equity is higher and debt is lower.
TW PROJECTS has no parent and no holdings in its annual accounts.
The network starts from the directors of TW PROJECTS. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Zwaluwlaan 14 registered office 2870 Puurs-Sint-Amands | 30-01-2008 | 2.168.145.186 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 12008B0241/00M000 | 1,100 m² | 1 · 144 m² | 9.4 m · 2 |
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