TWENDE
ActiveSummary
The annual accounts of TWENDE for fiscal year 2025 show a net loss of 57% of the equity at the start of that year. The 2025 annual accounts show equity of €3k and a net result of €-38k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 11% of 17090 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency29▼-68
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.89 against 2.23 in 2024; short-term debt: 96.4% and cash: 25.1% of total assets), and 96.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3.6%
Return on assets
-43.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-38k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 sector peers
Solvency
better than 11%
← weakest
strongest →
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
1 d early
2023
160 d late
2022
71 d late
2021
30 d late
2020
1 d early
2019
4 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3k▼ 95.2%
2024 · €67k
2018: €42k
2019: €66k▲ +56.9% vs 2018
2020: €9k▼ -86.9% vs 2019
2021: €79k▲ +824% vs 2020
2022: €129k▲ +62.1% vs 2021highest in 8 years
2023: €88k▼ -31.3% vs 2022
2024: €67k▼ -23.9% vs 2023
2025: €3k▼ -95.2% vs 2024lowest in 8 years
2018 → 2025
Total assets
€88k▼ 5.8%
2024 · €94k
2018: €116k
2019: €123k▲ +6.1% vs 2018
2020: €139k▲ +13.1% vs 2019
2021: €179k▲ +29.0% vs 2020
2022: €266k▲ +48.7% vs 2021highest in 8 years
2023: €149k▼ -44.0% vs 2022
2024: €94k▼ -37.2% vs 2023
2025: €88k▼ -5.8% vs 2024lowest in 8 years
2018 → 2025
Net result
€-38k▼ 80.0%
2024 · €-21k
2018: €10k
2019: €24k▲ +133% vs 2018
2020: €54k▲ +128% vs 2019
2021: €71k▲ +30.0% vs 2020highest in 8 years
2022: €49k▼ -30.4% vs 2021
2023: €-40k▼ -182% vs 2022lowest in 8 years
2024: €-21k▲ +47.4% vs 2023
2025: €-38k▼ -80.0% vs 2024
2018 → 2025
Working capital
€-9k
2024 · €32k
2018: €30k
2019: €63k▲ +107% vs 2018
2020: €4k▼ -93.7% vs 2019
2021: €54k▲ +1264% vs 2020
2022: €87k▲ +62.5% vs 2021highest in 8 years
2023: €43k▼ -50.7% vs 2022
2024: €32k▼ -25.5% vs 2023
2025: €-9k▼ -129% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€79k-€129k▲ 62.1%€88k▼ 31.3%€67k▼ 23.9%€3k▼ 95.2%
2021: €79k
2022: €129k▲ +62.1% vs 2021highest in 5 years
2023: €88k▼ -31.3% vs 2022
2024: €67k▼ -23.9% vs 2023
2025: €3k▼ -95.2% vs 2024lowest in 5 years
Operating result€103k-€73k▼ 28.9%€-39k€-16k▲ 57.6%€-35k▼ 114%
2021: €103khighest in 5 years
2022: €73k▼ -28.9% vs 2021
2023: €-39k▼ -153% vs 2022lowest in 5 years
2024: €-16k▲ +57.6% vs 2023
2025: €-35k▼ -114% vs 2024
Net result€71k-€49k▼ 30.4%€-40k€-21k▲ 47.4%€-38k▼ 80.0%
2021: €71khighest in 5 years
2022: €49k▼ -30.4% vs 2021
2023: €-40k▼ -182% vs 2022lowest in 5 years
2024: €-21k▲ +47.4% vs 2023
2025: €-38k▼ -80.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €35k in 2025 against €16k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88k
Fixed assets
€12k ▼ 65.2%
Current assets
€76k ▲ 30.7%
Equity and liabilities €88k
Equity
€3k ▼ 95.2%
Debt
€85k ▲ 221%
Debt's share of the balance-sheet total rises from 28.3% to 96.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-28k▼
2024 · €-553
Cash flow
€-31k▼
2024 · €-5k
Current ratio
0.89▼
2024 · 2.23
Debt to equity
26.61▲
2024 · 0.39
ROA
-43.1%▼
2024 · -22.6%
Interest coverage
-10.62▼
2024 · -0.12
Debt ≤ 1 year
€85k▲
2024 · €26k
Income taxes
€297▼
2024 · €323
A ratio outside any meaningful range has been withheld (balance sheet total €88k, equity €3k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€94k€88k▼
Fixed assets21/28€36k€12k▼
Tangible fixed assets22/27€36k€12k▼
Plant, machinery and equipment23€8k€3k▼
Furniture and vehicles24€21k€3k▼
Other tangible fixed assets26€8k€6k▼
Current assets29/58€58k€76k▲
Amounts receivable within one year40/41€35k€51k▲
Trade receivables40€14k€23k▲
Other amounts receivable41€20k€28k▲
Cash at bank and in hand54/58€20k€22k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€94k€88k▼
Equity10/15€67k€3k▼
Contributions10/11€6k€6k=
Reserves13€122k€96k▼
Distributable reserves133€122k€96k▼
Profit (loss) carried forward14€-61k€-99k▼
Amounts payable17/49€26k€85k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€26k€85k▲
Current portion of amounts payable after more than one year42€4k€0▼
Financial debts43€289€140▼
Credit institutions430/8€289€140▼
Trade debts44€5k€11k▲
Suppliers440/4€5k€11k▲
Taxes, remuneration and social security45€17k€50k▲
Taxes450/3€17k€30k▲
Remuneration and social security454/9-€20k
Other amounts payable47/48€49€24k▲
Accrued charges and deferred income492/3€387€0▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€8k▼
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€249€2k▲
Gross operating margin9900€2k€-24k▼
Operating profit (loss)9901€-16k€-35k▼
Financial income75/76B€16€10▼
Recurring financial income75€16€10▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-21k€-38k▼
Income taxes67/77€323€297▼
Profit (loss) for the period9904€-21k€-38k▼
Profit (loss) for the period to be appropriated9905€-21k€-38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-61k€-99k▼
Profit (loss) brought forward from the previous period14P€-40k€-61k▼
Transfer from equity791/2-€26k
Profit to be distributed694/7-€26k
Return on contributions (dividend)694-€26k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €4k | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €9k | €15k | €16k | €8k | ▼ 52.3% |
| Other operating charges640/8 | €687 | €439 | €4k | €2k | €2k | ▼ 27.4% |
| Non-recurring operating charges66A | - | €14k | €0 | €249 | €2k | ▲ 789% |
| Gross operating margin9900 | €111k | €97k | €-20k | €2k | €-24k | ▼ 1,275% |
| Operating profit (loss)9901 | €103k | €73k | €-39k | €-16k | €-35k | ▼ 114% |
| Financial income75/76B | €3 | - | €2k | €16 | €10 | ▼ 37.9% |
| Recurring financial income75 | €3 | - | €2k | €16 | €10 | ▼ 37.9% |
| Financial charges65/66B | €853 | €2k | €3k | €4k | €3k | ▼ 41.3% |
| Recurring financial charges65 | €853 | €2k | €3k | €4k | €3k | ▼ 41.3% |
| Profit (loss) for the period before taxes9903 | €102k | €72k | €-40k | €-21k | €-38k | ▼ 81.4% |
| Income taxes67/77 | €31k | €22k | €338 | €323 | €297 | ▼ 8.3% |
| Profit (loss) for the period9904 | €71k | €49k | €-40k | €-21k | €-38k | ▼ 80.0% |
| Profit (loss) for the period to be appropriated9905 | €71k | €49k | €-40k | €-21k | €-38k | ▼ 80.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €179k | €266k | €149k | €94k | €88k | ▼ 5.8% |
| Fixed assets21/28 | €44k | €52k | €49k | €36k | €12k | ▼ 65.2% |
| Tangible fixed assets22/27 | €44k | €52k | €49k | €36k | €12k | ▼ 65.2% |
| Plant, machinery and equipment23 | €11k | €12k | €12k | €8k | €3k | ▼ 61.3% |
| Furniture and vehicles24 | €26k | €32k | €29k | €21k | €3k | ▼ 84.6% |
| Other tangible fixed assets26 | €8k | €7k | €9k | €8k | €6k | ▼ 15.9% |
| Assets under construction and advance payments27 | - | €1k | €0 | - | - | - |
| Current assets29/58 | €135k | €215k | €100k | €58k | €76k | ▲ 30.7% |
| Amounts receivable within one year40/41 | €41k | €87k | €45k | €35k | €51k | ▲ 47.0% |
| Trade receivables40 | €27k | €50k | €33k | €14k | €23k | ▲ 56.4% |
| Other amounts receivable41 | €14k | €37k | €12k | €20k | €28k | ▲ 40.2% |
| Cash at bank and in hand54/58 | €42k | €53k | €50k | €20k | €22k | ▲ 9.6% |
| Deferred charges and accrued income490/1 | €52k | €74k | €5k | €3k | €3k | ▼ 10.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €179k | €266k | €149k | €94k | €88k | ▼ 5.8% |
| Equity10/15 | €79k | €129k | €88k | €67k | €3k | ▼ 95.2% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €73k | €122k | €122k | €122k | €96k | ▼ 21.2% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €71k | €121k | €122k | €122k | €96k | ▼ 21.2% |
| Profit (loss) carried forward14 | - | - | €-40k | €-61k | €-99k | ▼ 62.0% |
| Amounts payable17/49 | €100k | €138k | €61k | €26k | €85k | ▲ 221% |
| Amounts payable after more than one year17 | €18k | €10k | €4k | €0 | - | - |
| Financial debts170/4 | €18k | €10k | €4k | €0 | - | - |
| Amounts payable within one year42/48 | €82k | €128k | €57k | €26k | €85k | ▲ 226% |
| Current portion of amounts payable after more than one year42 | €13k | €8k | €6k | €4k | €0 | ▼ 100% |
| Financial debts43 | €4k | €2k | €0 | €289 | €140 | ▼ 51.5% |
| Credit institutions430/8 | €4k | €2k | €0 | €289 | €140 | ▼ 51.5% |
| Trade debts44 | €5k | €17k | €9k | €5k | €11k | ▲ 127% |
| Suppliers440/4 | €5k | €17k | €9k | €5k | €11k | ▲ 127% |
| Taxes, remuneration and social security45 | €60k | €101k | €42k | €17k | €50k | ▲ 194% |
| Taxes450/3 | €60k | €101k | €42k | €17k | €30k | ▲ 74.2% |
| Remuneration and social security454/9 | - | - | - | - | €20k | - |
| Other amounts payable47/48 | €115 | - | €108 | €49 | €24k | ▲ 49,435% |
| Accrued charges and deferred income492/3 | - | - | - | €387 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €71k | €49k | €-40k | €-21k | €-38k | ▼ 80.0% |
| + Depreciation and write-downs630 | €7k | €9k | €15k | €16k | €8k | ▼ 52.3% |
| Operating cash flow (approximation) | €78k | €59k | €-25k | €-5k | €-31k | ▼ 476% |
| Investment in fixed assets (approximation) | - | €-17k | €-13k | €-2k | €16k | ▲ 882% |
| Change in cash | - | €11k | €-3k | €-30k | €2k | ▲ 106% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
07-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 160 days late
2023
31-12
Financial
Weakest financial yearnet €-40k
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
09-08
State Gazette act
General meeting · Merger
Capital increase · Capital
12-05
State Gazette act
Merger · Capital
Corporate purpose · Accounting effect
12-05
State Gazette act
Merger · Capital
Corporate purpose · Capital increase
2022
31-12
Financial
Equity above €100kEq €129k ▲62.1%
5 profitable years in a row build equity to €129k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €71k ▲30%
Operating result €103k, net result €71k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
01-02
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 185 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Scherpenheuvel-Zichem · 1 establishment unit since 2007
Ground area
1,315 m²
Building footprint
429 m²
Volume, LiDAR
3,868 m³
2 parcels, Flanders · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TWENDE
since 20072.161.764.566
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24662G0186/00R003 | Flanders | 1,086 m² | 1 · 205 m² | 13.6 m · 3 fl. |
| 24105D0160/00N000 | Flanders | 229 m² | 1 · 224 m² | 14.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 4,461 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-03-2007
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
63100Computing infrastructure, data processing, hosting and related activities
Scores and ratios are computed by Checked and are not a credit decision.