Twenty8
ActiveTwenty8 has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €648k and a net result of €580k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 3166 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
76
/ 100
Excellent▲ +3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency21▲+8
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.04 in 2024), and 89.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten 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
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
10.7%
Return on assets
9.5%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 3166 sector peers (2025).
NBB · sector comparisonPosition among 3166 sector peers
Solvency
better than 15%
← weakest
strongest →
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €648k
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 29-06-2026, 32 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
32 d early
2024
31 d early
2023
120 d early
2022
on the day
2021
12 d early
2020
33 d early
2019
on the day
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€580k▲ 114%
2024 · €272k
2018: €-1k
2019: €-1k
2020: €-1k
2021: €11k
2022: €48k
2023: €181k
2024: €272k
2018 → 2025
Working capital
€600k▲ 236%
2024 · €179k
2018: €19k
2019: €18k
2020: €16k
2021: €69k
2022: €113k
2023: €58k
2024: €179k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€69k-€117k▲ 69.2%€68k▼ 41.4%€68k=€648k▲ 848%
Operating result€15k-€84k▲ 448%€327k▲ 288%€458k▲ 40.0%€906k▲ 97.9%
Net result€11k-€48k▲ 344%€181k▲ 279%€272k▲ 50.2%€580k▲ 114%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 98% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.08M
Fixed assets
€69k▼ 34.6%
Current assets
€6.01M▲ 29.5%
Equity and liabilities €6.08M
Equity
€648k▲ 848%
Debt
€5.43M▲ 16.1%
The debt ratio falls from 98.6% to 89.3%: equity grows faster than debt.
Key figures and ratios
EBITDA
€933k▲
2024 · €485k
Cash flow
€608k▲
2024 · €299k
Solvency
10.7%▲
2024 · 1.4%
Current ratio
1.11▲
2024 · 1.04
Quick ratio
1.11▲
2024 · 1.04
Debt / equity
8.38▼
2024 · 68.38
ROE
89.5%▼
2024 · 396.8%
ROA
9.5%▲
2024 · 5.7%
Interest coverage
6.94▲
2024 · 4.11
Debt
€5.43M▲
2024 · €4.68M
Debt ≤ 1 year
€5.41M▲
2024 · €4.46M
Income taxes
€215k▲
2024 · €100k
Staff costs
€1.03M▲
2024 · €518k
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€4.75M€6.08M▲
Fixed assets21/28€106k€69k▼
Tangible fixed assets22/27€102k€66k▼
Plant, machinery and equipment23€64k€48k▼
Furniture and vehicles24€39k€18k▼
Financial fixed assets28€3k€3k=
Current assets29/58€4.64M€6.01M▲
Amounts receivable within one year40/41€4.10M€5.56M▲
Trade receivables40€3.03M€4.56M▲
Other amounts receivable41€1.07M€991k▼
Cash at bank and in hand54/58€482k€348k▼
Deferred charges and accrued income490/1€63k€107k▲
Equity and liabilities
Total equity and liabilities10/49€4.75M€6.08M▲
Equity10/15€68k€648k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€219€580k▲
Amounts payable17/49€4.68M€5.43M▲
Amounts payable after more than one year17€8k-
Financial debts170/4€8k-
Amounts payable within one year42/48€4.46M€5.41M▲
Current portion of amounts payable after more than one year42€98k€76k▼
Financial debts43€2.60M€3.05M▲
Credit institutions430/8€2.60M€3.05M▲
Trade debts44€1.45M€2.18M▲
Suppliers440/4€1.45M€2.18M▲
Taxes, remuneration and social security45€46k€106k▲
Remuneration and social security454/9€46k€106k▲
Other amounts payable47/48€272k-
Accrued charges and deferred income492/3€208k€20k▼
Income statement
Code20242025
Remuneration, social security and pensions62€518k€1.03M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€28k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€12k
Gross operating margin9900€1.00M€1.98M▲
Operating profit (loss)9901€458k€906k▲
Financial income75/76B€32k€24k▼
Recurring financial income75€32k€24k▼
Financial charges65/66B€118k€135k▲
Recurring financial charges65€118k€135k▲
Profit (loss) for the period before taxes9903€371k€795k▲
Income taxes67/77€100k€215k▲
Profit (loss) for the period9904€272k€580k▲
Profit (loss) for the period to be appropriated9905€272k€580k▲
Appropriation of the result
Profit (loss) to be appropriated9906€272k€580k▲
Profit (loss) brought forward from the previous period14P€219€219=
Profit to be distributed694/7€272k€219▼
Return on contributions (dividend)694€272k€219▼
Social balance
Average headcount (FTE)908710.616.8▲
The notes to these accounts (6 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
25-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Mandate compensation10 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Mandate compensation10 facts ▸
- General meeting, 2026-05-27
- Director appointment, Michael Šima (administrateur)
- Mandate compensation, Michael Šima
- Board composition, administrateur, 2026-05-27
- Board composition, administrateur, 2026-05-27
- Board composition, administrateur, 2026-05-27
- Power of attorney, NautaDutilh
- Board meeting, 2026-05-27
- Director appointment, Michael Šima (administrateur délégué)
- Power of attorney, NautaDutilh
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €580k ▲114%
Operating result €906k, net result €580k, both a record.
31-12
Financial
Equity above €500kEq €648k ▲848%
5 profitable years in a row build equity to €648k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €100kEq €117k ▲69.2%
2 profitable years in a row build equity to €117k.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after 3 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Michael Šima
CurrentManaging director · since 27-05-2026
27-05-2026
Appointed as Managing director
27-05-2026
Appointed as Director
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2017
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.
Louizalaan 3671050 BrusselGround area
353 m²
Building footprint
352 m²
Volume, LiDAR
4,601 m³
2 parcels, Brussels · tallest building 34.0 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Louizalaan 367, 1050 Elsene
since 20172.262.074.642
Twenty8
since 20222.338.815.597
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0211/00W012 | Brussels | 266 m² | 1 · 265 m² | 34.0 m · 5 fl. |
| 21446D0014/00T002 | Brussels | 87 m² | 1 · 87 m² | 15.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
European Union, budget
2022 to 2025 · 845 entries · 35,225,597 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 166 | 8,981,980 EUR |
| 2024 | 278 | 11,773,613 EUR |
| 2023 | 292 | 10,182,524 EUR |
| 2022 | 109 | 4,287,480 EUR |
Projects
2022.0302 / A3 / TWENTY8 & PARTNERS / SC DIGITTMII-004695 / FC DIGIT TM II / 07951 LOT 2 / MDT-PTM6-DWRD: SUPPORT, MAINTENANCE AND DEVELOPMENT SERVICES
DATA SCIENTIST (DS) FOR DG SANTE IN LUX
APPLICATION/CLOUD ARCHITECT (ACA) WITH EXPERTISE IN HEALTH
APPLICATION/CLOUD ARCHITECT (ACA) WITH EXPERTISE IN HEALTH
INFORMATION TECHNOLOGY SERVICES/PURCHASES
Show 35 more projects
DATA SCIENTIST (DS) FOR DG SANTE IN LUX
BUSINESS ANALYST (BAN) WITH EXPERTISE IN HEALTH
HORIZON EUROPE COMMON BUDGET SERVICE BUDGETARY REPORTING
BUSINESS ANALYST (BAN) LEVEL 7-10
PROJECT MANAGER (PM) WITH EXPERTISE IN INTEROPERABLE SYSTEMS
LARGE PORTFOLIO OF IT PROJECTS AND SYSTEMS IN MULTIPLE DOMAINS, FROM
SPECIFIC POLICY MANAGEMENT TO FINANCIAL, BUDGETARY, ADMINISTRATIVE AND REPORTING TOOLS
IT (INFOMATION TECHNOLOGY) SERVICES
IT (INFORMATION TECHNOLOGY) SERVICES
IT (INFORMATION TECHNOLOGY) SERVICES
IT CONTRACT
IN HOUSE SUPPORT FOR IT
SYSTEMS
BUSINESS ANALYST (BA) WITH EXPERTISE IN INTERNATIONAL SCOPE CONTROL AND RAPID ALERT SYSTEMS
BUSINESS ANALYST (BAN) WITH EXPERTISE IN HEALTH
2023.0378 / A3 / TWENTY8&PARTNERS CONSORTIUM / DIGITTMII-012458-DIGITTMII-004695-EXT-01/ FC DIGIT TM II/07951 LOT 2 /MDT-PTM6-DWRD: SUPPORT, MAINTENANCE AND DEVELOPMENT SERVICES
SOFTWARE DEVELOPMENT
DI/07951 - SC DIGITTMII-008123-DIGITTMII-001695-EXT-01
HORIZON EUROPE COMMON BUDGET SERVICE BUDGETARY REPORTING
DI/07951 - SC DIGITTMII-008122-DIGITTMII-000298-EXT-01
BUSINESS ANALYST FOR HTA
IT (INFORMATION SERVICES) TECHNOLOGY
APPLICATION/CLOUD ARCHITECT (ACA) WITH EXPERTISE IN HEALTH
IT EXTERNAL SERVICE PROVIDER
BUSINESS ANALYST (BA) WITH EXPERTISE IN INTERNATIONAL SCOPE CONTROL AND RAPID ALERT SYSTEMS
PURCHASE AND/OR MAINTENANCE OF INFORMATION TECHNOLOGIES AND/OR COMMUNICATION EQUIPMENT COVERING IT MANAGEMENT INFRASTRUCTURE AND OTHER RELATED DOMAINS
SOFTWARE DEVELOPMENT
LARGE PORTFOLIO OF IT PROJECTS AND SYSTEMS IN MULTIPLE DOMAINS, FROM
SPECIFIC POLICY MANAGEMENT TO FINANCIAL, BUDGETARY, ADMINISTRATIVE AND REPORTING TOOLS
APPLICATION/CLOUD ARCHITECT (ACA) WITH EXPERTISE IN JAVA
ANALYST/CONSULTANT/ARCHITECT/EXPERT/WEBMASTER/ENGINEER FOR INFORMATION TECHNOLOGIES SYSTEMS AND/OR SERVICES
LARGE PORTFOLIO OF IT PROJECTS AND SYSTEMS IN MULTIPLE DOMAINS, FROM
SPECIFIC POLICY MANAGEMENT TO FINANCIAL, BUDGETARY, ADMINISTRATIVE AND REPORTING TOOLS
PROJECT MANAGER (PM) WITH EXPERTISE IN INFORMATION SYSTEMS
IT (INFORMATION TECHNOLOGIES) SERVICES
IT (INFORMATION TECHNOLOGY) SERVICES
ANALYST/CONSULTANT/ARCHITECT/EXPERT/WEBMASTER/ENGINEER FOR INFORMATION TECHNOLOGIES SYSTEMS AND/OR SERVICES
CC DI/07951 - SC DIGITTMII-014769-DIGITTMII-001695-EXT-02-6000747382-REQ-01-OFF-01 -
LARGE PORTFOLIO OF IT PROJECTS AND SYSTEMS IN MULTIPLE DOMAINS, FROM
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Of 29,885 companies in sector 62200 we hold annual accounts for 18,321. 10,761 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-10-2016
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.