Turnover
≈ €91,000 estimated
The micro format states no turnover.
TWAR
Overview
Lifetime
5 annual accounts with figures on one time axispeak €33,128 (2025)
€33,128▲ 89.8%
lowest -€3,433 (2023)
€18,030▲ 62.0%
peak €30,883 (2025)
€30,883▲ 140%
€46,544▲ 17.3%
Board1 name since 2020
1 directorWYNEN Thomas André Laurent Philippe
Documentsfilings and deeds
13-06-202648 days before the deadline
2025micro format
Gross margin from €17,456 to €33,128Result from €11,128 to €18,030Equity from €12,853 to €30,883Debts from €39,676 to €46,544Cash from €4,982 to €12,579
Key points
from the 2025 annual accountsFilings
5 annual accounts 4 late
The 2024 accounts came latest: 301 days after the end of the period.
Checked score
87
Excellent
Financially stronger than 55% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.5%▲ +0.1 percentage points vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.8%▲ +0.3 percentage points vs 07-2025
09-2025: 1.0%▲ +0.2 percentage points vs 08-2025
10-2025: 1.8%▲ +0.8 percentage points vs 09-2025
11-2025: 1.8%● unchanged vs 10-2025
12-2025: 2.2%▲ +0.4 percentage points vs 11-2025
01-2026: 3.1%▲ +0.9 percentage points vs 12-2025
02-2026: 3.1%● unchanged vs 01-2026
03-2026: 3.2%▲ +0.1 percentage points vs 02-2026highest value
04-2026: 2.9%▼ -0.3 percentage points vs 03-2026
05-2026: 2.9%● unchanged vs 04-2026
06-2026: 2.0%▼ -0.9 percentage points vs 05-2026
07-2026: 0.3%▼ -1.7 percentage points vs 06-2026lowest value
08-2026: 0.3%● unchanged vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
2 of the last 3 accounts late
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Liquidity: current ratio 1.62, cash €12,579
Equity €30,883 (39.9% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 38% of them on solvency, 19% on liquidity, 70% on profitability and 94% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as TWAR has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TWAR itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 26,972 companies, not a prediction for TWAR. 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.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.62 (1.26 in 2024), above the usual 1.5. Short-term debt is 60.1% and cash 16.2% of total assets. However, 60.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €30,883
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 13-06-2026, 48 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
48 days early
2024
301 days late
2023
65 days late
2022
92 days late
2021
134 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 109 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 October (4 of the last 5 accounts filed within 140 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- WYNEN Thomas André Laurent Philippe 1,000 sharesdeed of 29-10-2020
Recent changes
Judicial dissolution, liquidator appointed
Enterprise Court of Walloon Brabant · Sanchez-Morate Debora · judgment of 27-04-2026 · Bankruptcy
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0757537534
First establishment
Chemin de l'Ermite 41, Braine-l'Alleud
Incorporation
Founder: WYNEN Thomas André Laurent Philippe · 1,000 shares · Appointment: WYNEN Thomas André Laurent Philippe (director) · published on 29-10-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TWAR Braine-l'Alleud | €77,427 | €33,128 | 39.9% | - |
| Prisme Architecture Chastre | €80,913 | €35,697 | 75.8% | - |
| DARDAR Waterloo | €90,223 | €37,212 | 2.3% | - |
| BARR ARCHITECTS Forest | €87,031 | €31,423 | 78.2% | - |
| eRVé ARCHITECTEN Oudenaarde | €67,573 | €32,318 | 48.8% | - |
| ADJOIN ARCHITECTURE Fléron | €87,229 | €32,376 | 75.0% | - |
| BOOGAERTS ARCHITECTEN Lubbeek | €82,903 | €38,368 | 83.5% | - |
These companies have the same main activity as TWAR: activities of building architects (NACE 71111). They are comparable in size and age: total assets between €67,600 and €90,200, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 27-10-2020Normal situation
- Activity
- Activities of building architectsNACE 71111
- Establishment unit
- 2.314.959.3391420 Braine-l'Alleud, since 01-01-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 15-01-2026
Annual accounts 2025
- €33,128▲ 89.8%
- €18,030▲ 62.0%
- €30,883▲ 140%
- €77,427▲ 47.4%
- Filing
- Filed on 13-06-2026, 48 days before the end of the filing period
Insights on TWAR
TWAR files the micro format. That format states no turnover. The gross margin rose from €11,570 in 2021 to €33,128 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 13-06-2026, 48 days before the deadline€33,128
▲ 89.8%
€31,587
▲ 127%
€18,030
▲ 62.0%
€28,693
▲ 176%
39.9%
▲ 15.4 percentage points
1.62
▲ 0.35
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €91,000. Estimated: probably between €69,000 and €130,000.
Balance sheet
balance sheet total €77,427 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
39.9%
Higher than 37% of 11,794 companies in 2025.
1.62
Higher than 40% of 11,521 companies in 2025.
23.3%
Higher than 70% of 11,605 companies in 2025.
TWAR
Middle half of the sector
80% of the sector
Micro accounts in architecture and engineering (NACE 71)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
77,427 | 52,529 | 51,726 | 45,296 | 33,143 | |
21/28 |
2,190 | 2,448 | 5,972 | 10,527 | 14,225 | |
22/27 |
- | 258 | 3,782 | 8,337 | 12,035 | |
24 |
- | 258 | 3,782 | 8,337 | 12,035 | |
28 |
2,190 | 2,190 | 2,190 | 2,190 | 2,190 | |
29/58 |
75,237 | 50,081 | 45,753 | 34,769 | 18,918 | |
40/41 |
62,659 | 45,099 | 31,385 | 27,391 | 10,464 | |
40 |
49,184 | 35,076 | 11,176 | 11,141 | 10,464 | |
41 |
13,475 | 10,024 | 20,209 | 16,250 | - | |
54/58 |
12,579 | 4,982 | 14,369 | 7,379 | 7,994 | |
490/1 |
- | - | - | - | 460 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
77,427 | 52,529 | 51,726 | 45,296 | 33,143 | |
10/15 |
30,883 | 12,853 | 1,725 | 3,659 | 4,282 | |
10/11 |
1,500 | 1,500 | 1,500 | - | - | |
14 |
29,383 | 11,353 | 225 | 3,659 | 4,282 | |
17/49 |
46,544 | 39,676 | 50,001 | 41,638 | 28,860 | |
42/48 |
46,544 | 39,676 | 50,001 | 41,638 | 28,860 | |
44 |
16,122 | 32,113 | 28,074 | 24,778 | 22,688 | |
440/4 |
16,122 | 32,113 | 28,074 | 24,778 | 22,688 | |
45 |
30,079 | 7,562 | 21,926 | 16,860 | 6,172 | |
450/3 |
30,079 | 7,562 | 21,926 | 16,860 | 6,172 | |
47/48 |
344 | - | - | - | - | |
| Income statement | ||||||
76A |
- | - | 2 | - | - | |
9900 |
33,128 | 17,456 | 3,520 | 9,460 | 11,570 | |
630 |
258 | 3,525 | 4,555 | 4,820 | 5,484 | |
640/8 |
- | - | 4 | 27 | - | |
66A |
1,283 | - | - | - | - | |
9901 |
31,587 | 13,931 | -1,038 | 4,613 | 6,086 | |
75/76B |
2 | - | 38 | 1 | 9 | |
75 |
2 | - | 38 | 1 | 9 | |
65/66B |
5,724 | 2,803 | 2,310 | 4,031 | 97 | |
65 |
5,724 | 2,803 | 2,310 | 4,031 | 97 | |
9903 |
25,865 | 11,128 | -3,310 | 583 | 5,998 | |
67/77 |
7,835 | - | 123 | 1,207 | 1,716 | |
9904 |
18,030 | 11,128 | -3,433 | -624 | 4,282 | |
9905 |
18,030 | 11,128 | -3,433 | -624 | 4,282 | |
| Appropriation of the result | ||||||
9906 |
29,383 | 11,353 | 225 | 3,659 | 4,282 | |
14P |
11,353 | 225 | 3,659 | 4,282 | - | |
| Document | ||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 13-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 13-06-2026 | 2026-00158190 | |
| 31-12-2024 | micro format | 28-05-2026 | 2026-00124023 | |
| 31-12-2023 | micro format | 04-10-2024 | 2024-00496036 | |
| 31-12-2022 | micro format | 31-10-2023 | 2023-00503237 | |
| 31-12-2021 | micro format | 12-12-2022 | 2022-20538299 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 31,844 | 17,456 | 3,517 | 9,433 | 11,570 | ||
| 18,287 | 14,653 | 1,121 | 4,196 | 9,766 | ||
| 0 | 0 | 0 | 1,122 | 18,792 | ||
| 7,597 | -9,387 | 6,990 | -615 | - | ||
| 28,693 | 10,406 | -4,247 | -6,868 | -9,943 | ||
| 39.9% | 24.5% | 3.3% | 8.1% | 12.9% | ||
| 1.62 | 1.26 | 0.92 | 0.84 | 0.66 | ||
| 1.51 | 3.09 | 28.98 | 11.38 | 6.74 | ||
| 58.4% | 86.6% | -199.0% | -17.0% | 100.0% | ||
| 23.3% | 21.2% | -6.6% | -1.4% | 12.9% | ||
| 5.56 | 6.23 | 1.52 | 2.34 | over 100 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €1,122 | €16,602 |
| Financial fixed assets | - | - | - | - | €2,190 |
| €258 | €3,525 | €4,555 | €4,820 | €5,484 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on TWAR
The operating result for 2025 is 127% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 75.5% to 60.1%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 20-10-2020
term without a fixed end
listed in the 2023 annual accounts, filed on 04-10-2024
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 29-10-2020
Mandates through the years
1 name, the dashed line is todayWYNEN Thomas André Laurent Philippe
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- WYNEN Thomas André Laurent Philippe
- Director (not named in the articles), from 20-10-2020 to date
Control
Capital
- Contribution
- €1,500
- Shares
- 1,000
- Contribution per share
- €1.50
- Equity per share
- €30.88 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 29-10-2020 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Totalité des pouvoirs d’administration avec faculté de déléguer partie, chaque administrateur agissant seul peut accomplir tous les actes…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of June at 12:00
Shareholders
At incorporation
deed of 29-10-2020 ↗
- WYNEN Thomas André Laurent Philippe 1,000 shares (100%) · in cash
Network & group
No group
TWAR has no parent and no holdings in its annual accounts. WYNEN Thomas André Laurent Philippe is the only director. TWAR shares no director with another company.
Timeline
Timeline
12 events since 2020Filings
Financial
Establishments
Insolvency
2020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 48 days before the deadline
Annual accounts 2024 filed PDFmicro format · 301 days late
Judicial dissolution, liquidator appointed Enterprise Court of Walloon Brabant · Sanchez-Morate Debora · judgment of 27-04-2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0757537534
2025
Highest result from 2021 to 2025 net €18,030 ▲62% The operating result of €31,587 and the net result of €18,030 are both a record.
2024
Back to profit net €11,128 The net result is €11,128, after 2 loss-making years.
Annual accounts 2023 filed PDFmicro format · 65 days late
2023
Weakest financial year net -€3,433 The net result drops to -€3,433, the lowest from 2021 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 92 days late
2022
Annual accounts 2021 filed PDFmicro format · 134 days late
2021
First establishment Chemin de l'Ermite 41, Braine-l'Alleud
2020
IncorporationFounder: WYNEN Thomas André Laurent Philippe · 1,000 shares · Appointment: WYNEN Thomas André Laurent Philippe (director) · published on 29-10-20204 points ▸
- Founder, WYNEN Thomas André Laurent Philippe
- 1,000 shares
- Director appointment, WYNEN Thomas André Laurent Philippe (director (not named in the articles))
- Registered office clause, chemin de l'Ermite 41, 1420 Braine-l'Alleud
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 27 October 2020, TWAR was incorporated as a private limited company by one natural person.12 WYNEN Thomas André Laurent Philippe has served as director since 2020.3 Total assets went from €33,143 in 2021 to €77,427 in 2025.4
Company details
Identity
- Enterprise number
- 0757.537.534
- VAT number
- BE 0757.537.534
- Peppol ID
- 0208:0757537534
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 27-10-2020
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of June at 12:00deed of 29-10-2020 (in French)
- Peppol
- Reachable since 15-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- TWAR in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 29-10-2020 (in French)
Activities
NACEBEL 202571111
Activities of building architects main activity
Codes under NACEBEL 2008
71111
Architectural and engineering activities; technical testing and analysis main activity
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Chemin de l'Ermite 41 registered office 1420 Braine-l'Alleud | 01-01-2021 | 2.314.959.339 |
Buildings and parcels at the address
- Ground area
- 169 m²
- Buildings
- 141 m²
- Volume, LiDAR
- 936 m³
- Tallest building
- 12.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25014A0930/00L000 | 169 m² | 1 · 141 m² | 12.5 m · 2 |