TWAALF has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €283k and a net result of €-11k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 86% of 13977 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
26 d late
2023
28 d late
2022
31 d late
2021
31 d late
2020
30 d late
2019
28 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€283k▼ 3.6%
2024 · €294k
2018: €377k
2019: €397k
2020: €408k
2021: €321k
2022: €293k
2023: €295k
2024: €294k
2018 → 2025
Total assets
€347k▼ 12.2%
2024 · €395k
2018: €589k
2019: €607k
2020: €558k
2021: €462k
2022: €356k
2023: €457k
2024: €395k
2018 → 2025
Net result
€-11k▼ 595%
2024 · €-2k
2018: €11k
2019: €20k
2020: €12k
2021: €5k
2022: €-12k
2023: €2k
2024: €-2k
2018 → 2025
Working capital
€-5k
2024 · €68k
2018: €438k
2019: €463k
2020: €454k
2021: €367k
2022: €342k
2023: €260k
2024: €68k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€321k-€293k▼ 8.7%€295k▲ 0.8%€294k▼ 0.5%€283k▼ 3.6%
Operating result€-4k-€-20k▼ 466%€-7k▲ 65.4%€-11k▼ 65.9%€-22k▼ 91.3%
Net result€5k-€-12k€2k€-2k€-11k▼ 595%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22k in 2025 against €11k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €347k
Fixed assets
€315k▲ 11.3%
Current assets
€32k▼ 71.4%
Equity and liabilities €347k
Equity
€283k▼ 3.6%
Provisions
€14k▼ 53.9%
Debt
€50k▼ 29.9%
The debt ratio falls from 18.0% to 14.4%. Equity and debt are lower.
Key figures and ratios
Solvency
81.6%▲
2024 · 74.3%
ROE
-3.8%▼
2024 · -0.5%
ROA
-3.1%▼
2024 · -0.4%
Debt
€50k▼
2024 · €71k
Debt ≤ 1 year
€37k▼
2024 · €44k
Debt > 1 year
€13k▼
2024 · €27k
Income taxes
€889▼
2024 · €6k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€395k€347k▼
Fixed assets21/28€283k€315k▲
Tangible fixed assets22/27€53k€36k▼
Furniture and vehicles24€53k€36k▼
Financial fixed assets28€230k€279k▲
Current assets29/58€112k€32k▼
Amounts receivable within one year40/41€90k€19k▼
Trade receivables40€8k€9k▲
Other amounts receivable41€83k€10k▼
Current investments50/53€0-
Cash at bank and in hand54/58€11k€12k▲
Deferred charges and accrued income490/1€11k€2k▼
Equity and liabilities
Total equity and liabilities10/49€395k€347k▼
Equity10/15€294k€283k▼
Contributions10/11€300k€300k=
Reserves13€5k€5k=
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Profit (loss) carried forward14€-11k€-22k▼
Provisions and deferred taxes16€30k€14k▼
Provisions for liabilities and charges160/5€30k€14k▼
Major repairs and maintenance162€30k€14k▼
Amounts payable17/49€71k€50k▼
Amounts payable after more than one year17€27k€13k▼
Financial debts170/4€27k€13k▼
Amounts payable within one year42/48€44k€37k▼
Current portion of amounts payable after more than one year42€14k€14k▲
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45€14k€8k▼
Taxes450/3€12k€8k▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€11k€10k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€17k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-20k€-16k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€-10k€-19k▼
Operating profit (loss)9901€-11k€-22k▼
Financial income75/76B€19k€16k▼
Recurring financial income75€19k€16k▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€5k€-10k▼
Income taxes67/77€6k€889▼
Profit (loss) for the period9904€-2k€-11k▼
Profit (loss) for the period to be appropriated9905€-2k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-22k▼
Profit (loss) brought forward from the previous period14P€-10k€-11k▼
The notes to these accounts (13 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-12k ▼347%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 23current ratio 129.75
Current ratio from 5.68 to 129.75; short-term debt falls from €78k to €3k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
31-12
Financial
Highest result since 2018net €20k ▲80.6%
Operating result €20k, net result €20k, both a record.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Knokke-Heist · 1 establishment unit since 2014
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.
Julius Sabbelaan 188300 Knokke-HeistGround area
398 m²
Building footprint
78 m²
Volume, LiDAR
609 m³
Parcel 31013A0309/00A000, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TWAALF
since 20142.232.114.411
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013A0309/00A000 | Flanders | 398 m² | 1 · 78 m² | 9.8 m · 3 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.
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Of 7,322 companies in sector 68110 we hold annual accounts for 5,382. 3,850 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-04-2014
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
64200Holdings
64210Activities of holding companies
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.