TWEEDS & COTTONS

Active

Public limited companyfounded 199927 yrs activeNoorwegenstraat 17, 9940 Evergem, BelgiumKBO/BCE: BE 0466.545.353

TWEEDS & COTTONS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.46M and a net result of €145k. Equity is growing by ~23.4% per year across the filed fiscal years. Its solvency ranks better than 44% of 9039 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2024

54 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability22▲+2

Solvency64▲+13

Growth78▲+26

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €130k at 30 days acceptable

Liquidity ample (current ratio 1.65 against 1.14 in 2023; short-term debt: 51.6% and cash: 1.6% of total assets), but 60.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

39.1%

Return on assets

2.3%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-10-2025, 88 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 filings

Deviation from the deadline

2025

not confirmed

2024

88 d late

2023

152 d late

2022

50 d late

2021

58 d late

2020

29 d late

2019

5 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€2.46M▲ 6.3%

2023 · €2.31M

2019: €-69k 2020: €179k 2021: €2.00M 2022: €2.36M 2023: €2.31M

2019 → 2024

Total assets

€6.29M▼ 28.5%

2023 · €8.79M

2019: €1.50M 2020: €1.66M 2021: €5.07M 2022: €4.62M 2023: €8.79M

2019 → 2024

Net result

€145k

2023 · €-44k

2019: €64k 2020: €247k 2021: €1.82M 2022: €359k 2023: €-44k

2019 → 2024

Working capital

€2.11M▲ 141%

2023 · €875k

2019: €-1.17M 2020: €-989k 2021: €830k 2022: €1.15M 2023: €875k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€179k-€2.00M▲ 1,016%€2.36M▲ 18.0%€2.31M▼ 1.9%€2.46M▲ 6.3%

Operating result€263k-€2.12M▲ 706%€277k▼ 86.9%€34k▼ 87.6%€-251k

Net result€247k-€1.82M▲ 635%€359k▼ 80.2%€-44k€145k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €251k after €34k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €6.29M

14.9%

85.1%

Fixed assets €936k▼ 50.3%

Current assets €5.35M▼ 22.6%

Equity and liabilities €6.29M

39.1%

58.5%

Equity €2.46M▲ 6.3%

Provisions €150k=

Debt €3.68M▼ 41.9%

The debt ratio falls from 72.0% to 58.5%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-248k▼

2023 · €42k

Cash flow

€149k▲

2023 · €-36k

Solvency

39.1%▲

2023 · 26.3%

Current ratio

1.65▲

2023 · 1.14

Quick ratio

1.65▲

2023 · 1.14

Debt / equity

1.50▼

2023 · 2.74

ROE

5.9%▲

2023 · -1.9%

ROA

2.3%▲

2023 · -0.5%

Interest coverage

-1.80▼

2023 · 0.28

Debt

€3.68M▼

2023 · €6.33M

Debt ≤ 1 year

€3.24M▼

2023 · €6.04M

Income taxes

€2k▼

2023 · €2k

Staff costs

€184k▼

2023 · €324k

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€8.79M€6.29M▼

Fixed assets21/28€1.88M€936k▼

Intangible fixed assets21€846€431▼

Tangible fixed assets22/27€4k€3k▼

Plant, machinery and equipment23€2k€2k▲

Furniture and vehicles24€3k€789▼

Financial fixed assets28€1.88M€933k▼

Current assets29/58€6.91M€5.35M▼

Amounts receivable within one year40/41€6.80M€5.16M▼

Trade receivables40€5.65M€3.72M▼

Other amounts receivable41€1.15M€1.44M▲

Cash at bank and in hand54/58€9k€98k▲

Deferred charges and accrued income490/1€102k€93k▼

Equity and liabilities

Total equity and liabilities10/49€8.79M€6.29M▼

Equity10/15€2.31M€2.46M▲

Contributions10/11€297k€297k=

Capital10€297k€297k=

Issued capital100€297k€297k=

Reserves13€811k€811k=

Non-distributable reserves130/1€30k€30k=

Legal reserve130€30k€30k=

Distributable reserves133€781k€781k=

Profit (loss) carried forward14€1.20M€1.35M▲

Provisions and deferred taxes16€150k€150k=

Provisions for liabilities and charges160/5€150k€150k=

Other liabilities and charges164/5€150k€150k=

Amounts payable17/49€6.33M€3.68M▼

Amounts payable within one year42/48€6.04M€3.24M▼

Trade debts44€2.79M€367k▼

Suppliers440/4€2.79M€367k▼

Taxes, remuneration and social security45€28k€32k▲

Taxes450/3€6k€3k▼

Remuneration and social security454/9€22k€29k▲

Other amounts payable47/48€3.22M€2.85M▼

Accrued charges and deferred income492/3€295k€435k▲

Income statement Code20232024

Remuneration, social security and pensions62€324k€184k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€4k▼

Provisions for liabilities and charges: additions (uses and reversals)635/8€150k-

Other operating charges640/8€10k€10k▼

Gross operating margin9900€527k€-53k▼

Operating profit (loss)9901€34k€-251k▼

Financial income75/76B€89k€546k▲

Recurring financial income75€89k€5k▼

Non-recurring financial income76B-€541k

Financial charges65/66B€166k€148k▼

Recurring financial charges65€150k€138k▼

Non-recurring financial charges66B€16k€10k▼

Profit (loss) for the period before taxes9903€-42k€147k▲

Income taxes67/77€2k€2k▼

Profit (loss) for the period9904€-44k€145k▲

Profit (loss) for the period to be appropriated9905€-44k€145k▲

Appropriation of the result

Profit (loss) to be appropriated9906€1.20M€1.35M▲

Profit (loss) brought forward from the previous period14P€1.25M€1.20M▼

Social balance

Average headcount (FTE)90872.02.0=

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 17Financial 7Filings 10

2025

27-10

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 88 days late

2024

31-12

Financial Back to profitnet €145k

Net result €145k after one loss-making year.

30-12

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 152 days late

2023

31-12

Financial Weakest financial yearnet €-44k ▼112%

Net result drops to €-44k, the lowest in the series; recovery starts the following year.

2022

20-10

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 50 days late

31-01

Financial Equity above €2MEq €2.36M ▲18%

4 profitable years in a row build equity to €2.36M.

2021

28-10

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 58 days late

31-01

Financial Highest result since 2019net €1.82M ▲635%

Operating result €2.12M, net result €1.82M, both a record.

31-01

Financial Liquidity quadruplescurrent ratio 1.28

Current ratio from 0.30 to 1.28.

31-01

Financial Equity above €1MEq €2.00M ▲1016%

3 profitable years in a row build equity to €2.00M.

2020

29-09

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 29 days late

31-01

Financial Equity above €150kEq €179k

2 profitable years in a row build equity to €179k.

2019

26-08

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2018

30-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2017

20-09

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 20 days late

2016

08-10

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 38 days late

08-10

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 404 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

16 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, Evergem · 1 establishment unit since 2003

establishment The establishment unit on the map

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.

Noorwegenstraat 179940 Evergem

Ground area

1.1 ha

Building footprint

5,967 m²

Volume, LiDAR

62,261 m³