TWEEL
InactiveFinancials · financial year 2025, abbreviated format
Equity
€228,219▼ 0.1%
2024 · €228,383
Total assets
€352,596▼ 7.7%
2024 · €381,956
Net result
-€163
2024 · €730
Working capital
€220,779▲ 11.8%
2024 · €197,439
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 15% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€5,977
2025
Net result-€163
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€352,596
2025
Equity€228,219
2025
Debt€124,377
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€220,779
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)9.3
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€97,651-€101,891▲ 4.3%€65,387▼ 35.8%€154,381▲ 136%-€7,364€7,067€5,977▼ 15.4%
Net result€67,176-€66,447▼ 1.1%€35,985▼ 45.8%€107,676▲ 199%-€10,631€730-€163
Equity€146,921-€193,368▲ 31.6%€229,353▲ 18.6%€238,284▲ 3.9%€227,652▼ 4.5%€228,383▲ 0.3%€228,219▼ 0.1%
Total assets€355,432-€364,969▲ 2.7%€429,599▲ 17.7%€437,956▲ 1.9%€380,644▼ 13.1%€381,956▲ 0.3%€352,596▼ 7.7%
Debt€208,512-€171,601▼ 17.7%€200,247▲ 16.7%€199,673▼ 0.3%€152,991▼ 23.4%€153,573▲ 0.4%€124,377▼ 19.0%
Working capital€99,052-€137,770▲ 39.1%€183,423▲ 33.1%€205,844▲ 12.2%€199,792▼ 2.9%€197,439▼ 1.2%€220,779▲ 11.8%
Staff (FTE)10.3-10.5▲ 1.9%10.5=11.4▲ 8.6%8.7▼ 23.7%9.3▲ 6.9%9.3=
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €352,596
Fixed assets
€7,440 ▼ 76.0%
Current assets
€345,156 ▼ 1.7%
Equity and liabilities €352,596
Equity
€228,219 ▼ 0.1%
Debt
€124,377 ▼ 19.0%
Debt's share of the balance-sheet total falls from 40.2% to 35.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12,973▼
2024 · €18,294
Cash flow
€6,832▼
2024 · €11,957
Current ratio
2.78▲
2024 · 2.29
Quick ratio
1.02▼
2024 · 1.06
Debt to equity
0.54▼
2024 · 0.67
ROE
-0.1%▼
2024 · 0.3%
ROA
0.0%▼
2024 · 0.2%
Interest coverage
32.26▲
2024 · 22.63
Debt ≤ 1 year
€124,377▼
2024 · €153,573
Income taxes
€6,353▲
2024 · €5,544
Staff costs
€338,891▼
2024 · €357,921
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €346,347 | €339,823 | €357,921 | €338,891 | ▼ 5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,585 | €21,258 | €23,587 | €24,878 | €18,031 | €11,227 | €6,996 | ▼ 37.7% |
| Other operating charges640/8 | - | - | - | €5,909 | €5,471 | €10,855 | €40,842 | ▲ 276% |
| Non-recurring operating charges66A | - | - | - | - | - | €550 | - | - |
| Gross operating margin9900 | €414,606 | €426,855 | €411,908 | €531,516 | €355,962 | €387,620 | €392,706 | ▲ 1.3% |
| Operating profit (loss)9901 | €97,651 | €101,891 | €65,387 | €154,381 | -€7,364 | €7,067 | €5,977 | ▼ 15.4% |
| Financial income75/76B | - | - | - | €1,072 | €5,700 | €16 | €615 | ▲ 3,825% |
| Recurring financial income75 | €3,744 | €412 | €813 | €1,072 | €5,700 | €16 | €615 | ▲ 3,825% |
| Financial charges65/66B | - | - | - | €14,534 | €6,318 | €808 | €402 | ▼ 50.3% |
| Recurring financial charges65 | €14,338 | €15,162 | €14,944 | €14,534 | €6,318 | €808 | €402 | ▼ 50.3% |
| Profit (loss) for the period before taxes9903 | €87,057 | €87,141 | €51,256 | €140,920 | -€7,982 | €6,274 | €6,190 | ▼ 1.3% |
| Income taxes67/77 | €19,880 | €20,694 | €15,271 | €33,244 | €2,649 | €5,544 | €6,353 | ▲ 14.6% |
| Profit (loss) for the period9904 | €67,176 | €66,447 | €35,985 | €107,676 | -€10,631 | €730 | -€163 | - |
| Profit (loss) for the period to be appropriated9905 | €67,176 | €66,447 | €35,985 | €107,676 | -€10,631 | €730 | -€163 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €355,432 | €364,969 | €429,599 | €437,956 | €380,644 | €381,956 | €352,596 | ▼ 7.7% |
| Formation expenses20 | €1,202 | €832 | €462 | €92 | - | - | €0 | - |
| Fixed assets21/28 | €70,699 | €61,625 | €52,671 | €32,347 | €27,860 | €30,943 | €7,440 | ▼ 76.0% |
| Tangible fixed assets22/27 | €70,269 | €61,195 | €52,241 | €31,817 | €27,230 | €30,313 | €6,810 | ▼ 77.5% |
| Plant, machinery and equipment23 | - | - | - | €28,726 | €14,580 | €9,151 | €5,432 | ▼ 40.6% |
| Furniture and vehicles24 | - | - | - | €3,059 | €12,651 | €21,163 | €1,378 | ▼ 93.5% |
| Other tangible fixed assets26 | - | - | - | €32 | - | - | - | - |
| Financial fixed assets28 | €430 | €430 | €430 | €530 | €630 | €630 | €630 | = |
| Current assets29/58 | €283,532 | €302,512 | €376,465 | €405,517 | €352,784 | €351,013 | €345,156 | ▼ 1.7% |
| Stocks and contracts in progress3 | €110,587 | €124,884 | €133,511 | €147,678 | €175,186 | €187,612 | €217,812 | ▲ 16.1% |
| Stocks30/36 | - | - | - | €147,678 | €175,186 | €187,612 | €217,812 | ▲ 16.1% |
| Amounts receivable within one year40/41 | €25,994 | €22,989 | €20,252 | €25,788 | €30,990 | €37,788 | €33,098 | ▼ 12.4% |
| Trade receivables40 | - | - | - | €20,946 | €7,537 | €0 | €16,049 | - |
| Other amounts receivable41 | - | - | - | €4,842 | €23,453 | €37,788 | €17,049 | ▼ 54.9% |
| Current investments50/53 | - | - | €30,000 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €139,650 | €149,607 | €88,642 | €229,003 | €144,223 | €123,671 | €94,246 | ▼ 23.8% |
| Deferred charges and accrued income490/1 | - | - | - | €3,048 | €2,385 | €1,942 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €355,432 | €364,969 | €429,599 | €437,956 | €380,644 | €381,956 | €352,596 | ▼ 7.7% |
| Equity10/15 | €146,921 | €193,368 | €229,353 | €238,284 | €227,652 | €228,383 | €228,219 | ▼ 0.1% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €96,921 | €143,368 | €179,353 | €237,284 | €237,284 | €227,383 | €227,219 | ▼ 0.1% |
| Distributable reserves133 | - | - | - | €237,284 | €237,284 | €227,383 | €227,219 | ▼ 0.1% |
| Profit (loss) carried forward14 | - | - | - | - | -€10,631 | €0 | - | - |
| Amounts payable17/49 | €208,512 | €171,601 | €200,247 | €199,673 | €152,991 | €153,573 | €124,377 | ▼ 19.0% |
| Amounts payable after more than one year17 | €22,116 | €6,860 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €184,480 | €164,741 | €193,042 | €199,673 | €152,991 | €153,573 | €124,377 | ▼ 19.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11,692 | €6,723 | €0 | - | - |
| Trade debts44 | €114,352 | €78,138 | €156,255 | €130,619 | €94,103 | €110,665 | €88,357 | ▼ 20.2% |
| Suppliers440/4 | - | - | - | €130,619 | €94,103 | €110,665 | €88,357 | ▼ 20.2% |
| Taxes, remuneration and social security45 | - | - | - | €57,362 | €23,479 | €40,931 | €30,121 | ▼ 26.4% |
| Taxes450/3 | - | - | - | €13,244 | - | €5,813 | €6,825 | ▲ 17.4% |
| Remuneration and social security454/9 | - | - | - | €44,118 | €23,479 | €35,118 | €23,296 | ▼ 33.7% |
| Other amounts payable47/48 | - | - | - | - | €28,687 | €1,977 | €5,899 | ▲ 198% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €67,176 | €66,447 | €35,985 | €107,676 | -€10,631 | €730 | -€163 | - |
| + Depreciation and write-downs630 | €20,585 | €21,258 | €23,587 | €24,878 | €18,031 | €11,227 | €6,996 | ▼ 37.7% |
| Operating cash flow (approximation) | €87,761 | €87,705 | €59,572 | €132,554 | €7,400 | €11,957 | €6,832 | ▼ 42.9% |
| Investment in fixed assets (approximation) | - | -€12,184 | -€14,633 | -€4,554 | -€13,545 | -€14,310 | €16,508 | - |
| Change in cash | - | €9,957 | -€60,965 | €140,360 | -€84,780 | -€20,552 | -€29,425 | ▼ 43.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 15-12-2025 | 2025-00583681 |
| 30-06-2024 | abbreviated format | 04-02-2025 | 2025-00027754 |
| 30-06-2023 | abbreviated format | 30-01-2024 | 2024-00018021 |
| 30-06-2022 | abbreviated format | 31-01-2023 | 2023-00017366 |
| 30-06-2021 | abbreviated format | 24-01-2022 | 2022-01600019 |
| 30-06-2020 | abbreviated format | 31-12-2020 | 2020-77800331 |
| 30-06-2019 | abbreviated format | 13-12-2019 | 2019-76300494 |
| 30-06-2018 | abbreviated format | 08-02-2019 | 2019-04800263 |
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €4,250 awarded · €4,250 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €3,000 | €3,000 |
| 2022 | 1 | €1,250 | €1,250 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.