TWENTYONE
ActiveThe computed 12-month bankruptcy probability of TWENTYONE is 1.9% (moderate). The 2024 annual accounts show equity of €14k and a net result of €13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 2924 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency10▲+3
Growth58=
Stability100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.88 against 0.78 in 2023), and 96.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
3.2%
Return on assets
2.9%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2924 sector peers (2024).
NBB · sector comparisonPosition among 2924 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
122 d late
2022
312 d late
2021
164 d late
2020
122 d late
2019
67 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€14k▲ 1,032%
2023 · €1k
2018: €22k
2019: €15k
2020: €-23k
2021: €-16k
2022: €-20k
2023: €1k
2018 → 2024
Total assets
€451k▲ 13.2%
2023 · €398k
2018: €359k
2019: €278k
2020: €353k
2021: €439k
2022: €420k
2023: €398k
2018 → 2024
Net result
€13k▼ 38.2%
2023 · €21k
2018: €-6k
2019: €-7k
2020: €-39k
2021: €7k
2022: €-3k
2023: €21k
2018 → 2024
Working capital
€-51k▲ 39.9%
2023 · €-85k
2018: €-159k
2019: €-124k
2020: €-122k
2021: €-77k
2022: €-78k
2023: €-85k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-23k-€-16k▲ 29.8%€-20k▼ 20.8%€1k€14k▲ 1,032%
Operating result€-34k-€19k€9k▼ 50.2%€22k▲ 136%€20k▼ 7.5%
Net result€-39k-€7k€-3k€21k€13k▼ 38.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 7% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €451k
Fixed assets
€76k▼ 21.6%
Current assets
€375k▲ 24.3%
Equity and liabilities €451k
Equity
€14k▲ 1,032%
Debt
€437k▲ 9.9%
The debt ratio falls from 99.7% to 96.8%: equity grows faster than debt.
Key figures and ratios
EBITDA
€47k▼
2023 · €50k
Cash flow
€40k▼
2023 · €49k
Solvency
3.2%▲
2023 · 0.3%
Current ratio
0.88▲
2023 · 0.78
Quick ratio
0.76▲
2023 · 0.60
Debt / equity
30.48
ROE
91.2%
ROA
2.9%▼
2023 · 5.3%
Interest coverage
6.43▼
2023 · 7.09
Debt
€437k▲
2023 · €397k
Debt ≤ 1 year
€426k▲
2023 · €387k
Income taxes
€1▼
2023 · €205
Staff costs
€426k▲
2023 · €367k
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€398k€451k▲
Fixed assets21/28€96k€76k▼
Tangible fixed assets22/27€96k€75k▼
Land and buildings22€21k€14k▼
Plant, machinery and equipment23€24k€15k▼
Furniture and vehicles24€29k€28k▼
Other tangible fixed assets26€22k€18k▼
Financial fixed assets28€180€180=
Current assets29/58€302k€375k▲
Stocks and contracts in progress3€72k€50k▼
Stocks30/36€72k€50k▼
Amounts receivable within one year40/41€170k€185k▲
Trade receivables40€170k€170k=
Other amounts receivable41-€15k
Cash at bank and in hand54/58€43k€123k▲
Deferred charges and accrued income490/1€17k€17k=
Equity and liabilities
Total equity and liabilities10/49€398k€451k▲
Equity10/15€1k€14k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-19k€-6k▲
Amounts payable17/49€397k€437k▲
Amounts payable within one year42/48€387k€426k▲
Trade debts44€238k€205k▼
Suppliers440/4€238k€205k▼
Taxes, remuneration and social security45€57k€66k▲
Taxes450/3€24k€33k▲
Remuneration and social security454/9€33k€33k▲
Other amounts payable47/48€92k€155k▲
Accrued charges and deferred income492/3€10k€10k=
Income statement
Code20232024
Remuneration, social security and pensions62€367k€426k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€27k▼
Other operating charges640/8€6k€8k▲
Gross operating margin9900€423k€481k▲
Operating profit (loss)9901€22k€20k▼
Financial income75/76B€6k€70▼
Recurring financial income75€6k€70▼
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€21k€13k▼
Income taxes67/77€205€1▼
Profit (loss) for the period9904€21k€13k▼
Profit (loss) for the period to be appropriated9905€21k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-6k▲
Profit (loss) brought forward from the previous period14P€-40k€-19k▲
Social balance
Average headcount (FTE)90879.1-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 122 days late
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 312 days late
2023
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
11-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 164 days late
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after 3 loss-making years.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
31-12
Financial
Weakest financial yearnet €-39k
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 78 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
Schoonaert Brecht
CurrentDirector · since 01-10-2023
Schoonaert Mathijs
CurrentDirector · since 01-10-2023
01-10-2023
Schoonaert Brecht: Appointed as Director
01-10-2023
Schoonaert Mathijs: Appointed as Director
Location & real-estate footprint
Registered office, Ieper · 1 establishment unit since 2016
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.
Grote Markt 218900 IeperGround area
145 m²
Building footprint
145 m²
Volume, LiDAR
1,276 m³
Parcel 33011H0368/00E000, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
VIVALDI
since 20162.248.481.477
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33011H0368/00E000 | Flanders | 145 m² | 1 · 145 m² | 14.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 150 EUR awarded · 150 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 150 EUR | 150 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteIeper2.248.481.477
Dual-learning approval
8 live approvals · 11 endedHulpkelner (vwo)
Hulpkelner duaal (so)
Kelner (vwo)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Kok (vwo)
Show 2 more
Kok duaal (so)
Restaurant en keuken duaal (so)
Legal Entity Identifier
6488V8V13D7TD93V2J63
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Of 20,234 companies in sector 56111 we hold annual accounts for 11,310. 7,943 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2015
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.