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TwentyThree

Active
Private limited companyfounded 201610 yrs activeBotermelkbaan 65, 2900 Schoten, BelgiumKBO/BCE: BE 0650.616.018
Summary

TwentyThree has been active since 2016 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €38,845 and a net result of €470. Equity is growing by ~31.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability69▲+34
Solvency64▲+9
Growth78=
Track record92
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.43 in 2024; short-term debt: 60.5% and cash: 87.1% of total assets), but 60.5% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
39.5%
Return on assets
0.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 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 · 7 filings
Deviation from the deadline
2025
56 d late
2024
60 d late
2021
200 d late
2020
565 d late
2019
930 d late
2018
1296 d late
2017
61 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 453 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Strikeout withdrawn
Checked, nothing found (1)
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. Usually files around 16 February (4 of the last 5 filed years within 365 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline

History

TwentyThree was incorporated on 21 March 2016.1 Total assets rose from EUR 15,216 in 2018 to EUR 98,464 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€38,845▲ 1.2%
2024 · €38,375
Total assets
€98,464▼ 22.6%
2024 · €127,158
Net result
€470
2024 · -€1,338
Working capital
€31,191▼ 18.7%
2024 · €38,375
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020202120242025
Operating result-€6,965▼ 350%-€2,067▲ 70.3%€41,233€2,035-€3,600▲ 76.9%
Net result-€6,965▼ 350%-€2,417▲ 65.3%€37,777-€1,338-€470
Equity-€3,997-€6,414▼ 60.5%€31,363€38,375-€38,845▲ 1.2%
Total assets€22,532▲ 48.1%€4,735▼ 79.0%€75,439▲ 1,493%€127,158-€98,464▼ 22.6%
Debt€26,529▲ 117%€11,148▼ 58.0%€44,075▲ 295%€88,784-€59,619▼ 32.8%
Working capital-€3,997-€6,414▼ 60.5%€31,363€38,375-€31,191▼ 18.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000Operating result 2019: -€6,965-€6,965Net result 2019: -€6,965-€6,965Operating result 2020: -€2,067-€2,067Net result 2020: -€2,417-€2,417Operating result 2021: €41,233€41,233Net result 2021: €37,777€37,777Operating result 2024: €2,035€2,035Net result 2024: -€1,338-€1,338Operating result 2025: €3,600€3,600Net result 2025: €470€47020192020202120242025-€20,000€0€20,000€40,000Operating result 2021: €41,233€41,200Net result 2021: €37,777€37,800Operating result 2024: €2,035€2,030Net result 2024: -€1,338-€1,340Operating result 2025: €3,600€3,600Net result 2025: €470€470202120242025
The operating result rises in 2025; 2025 is 77% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98,464
Fixed assets €7,655
Current assets €90,809
Equity and liabilities €98,464
Equity €38,845 ▲ 1.2%
Debt €59,619 ▼ 32.8%
Debt's share of the balance-sheet total falls from 69.8% to 60.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€5,648
Cash flow
€2,519
Current ratio
1.52▲
2024 · 1.43
Debt to equity
1.53▼
2024 · 2.31
ROE
1.2%▲
2024 · -3.5%
ROA
0.5%▲
2024 · -1.1%
Interest coverage
62.76
Debt ≤ 1 year
€59,619▼
2024 · €88,784
Income taxes
€3,039▲
2024 · €2,688
Staff costs
€37
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.6% went bankrupt
4.0% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€127,158€98,464▼
Fixed assets21/28-€7,655
Tangible fixed assets22/27-€7,655
Plant, machinery and equipment23-€3,492
Furniture and vehicles24-€4,162
Current assets29/58€127,158€90,809▼
Amounts receivable within one year40/41€15,303€5,049▼
Trade receivables40€10,254-
Other amounts receivable41€5,049€5,049=
Cash at bank and in hand54/58€111,855€85,760▼
Equity and liabilities
Total equity and liabilities10/49€127,158€98,464▼
Equity10/15€38,375€38,845▲
Contributions10/11€6,200€6,200=
Outside capital11€6,200€6,200=
Other1109/19€6,200€6,200=
Profit (loss) carried forward14€32,175€32,645▲
Amounts payable17/49€88,784€59,619▼
Amounts payable within one year42/48€88,784€59,619▼
Taxes, remuneration and social security45€1,797€3,039▲
Taxes450/3€1,797€3,039▲
Other amounts payable47/48€86,986€56,579▼
Income statement Code20242025
Remuneration, social security and pensions62-€37
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2,048
Other operating charges640/8€505€632▲
Gross operating margin9900€2,540€6,318▲
Operating profit (loss)9901€2,035€3,600▲
Financial charges65/66B€684€90▼
Recurring financial charges65€684€90▼
Profit (loss) for the period before taxes9903€1,350€3,510▲
Income taxes67/77€2,688€3,039▲
Profit (loss) for the period9904-€1,338€470▲
Profit (loss) for the period to be appropriated9905-€1,338€470▲
Appropriation of the result
Profit (loss) to be appropriated9906€32,175€32,645▲
Profit (loss) brought forward from the previous period14P€33,512€32,175▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120242025Change
Remuneration, social security and pensions62----€37-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630----€2,048-
Other operating charges640/8€15,548€548€200€505€632▲ 25.1%
Gross operating margin9900€8,582-€1,520€41,433€2,540€6,318▲ 149%
Operating profit (loss)9901-€6,965-€2,067€41,233€2,035€3,600▲ 76.9%
Financial charges65/66B-€350€351€684€90▼ 86.8%
Recurring financial charges65-€350€351€684€90▼ 86.8%
Profit (loss) for the period before taxes9903-€6,965-€2,417€40,882€1,350€3,510▲ 160%
Income taxes67/77--€3,105€2,688€3,039▲ 13.1%
Profit (loss) for the period9904-€6,965-€2,417€37,777-€1,338€470▲ 135%
Profit (loss) for the period to be appropriated9905-€6,965-€2,417€37,777-€1,338€470▲ 135%
Line20192020202120242025Change
Assets
Total assets20/58€22,532€4,735€75,439€127,158€98,464▼ 22.6%
Fixed assets21/28----€7,655-
Tangible fixed assets22/27----€7,655-
Plant, machinery and equipment23----€3,492-
Furniture and vehicles24----€4,162-
Current assets29/58€22,532€4,735€75,439€127,158€90,809▼ 28.6%
Amounts receivable within one year40/41---€15,303€5,049▼ 67.0%
Trade receivables40---€10,254--
Other amounts receivable41---€5,049€5,049=
Cash at bank and in hand54/58€22,532€4,735€75,439€111,855€85,760▼ 23.3%
Equity and liabilities
Total equity and liabilities10/49€22,532€4,735€75,439€127,158€98,464▼ 22.6%
Equity10/15-€3,997-€6,414€31,363€38,375€38,845▲ 1.2%
Contributions10/11€6,200€6,200€6,200€6,200€6,200=
Capital10€6,200-----
Issued capital100€18,600-----
Uncalled capital101€12,400-----
Outside capital11-€6,200€6,200€6,200€6,200=
Other1109/19-€6,200€6,200€6,200€6,200=
Profit (loss) carried forward14-€10,197-€12,614€25,163€32,175€32,645▲ 1.5%
Amounts payable17/49€26,529€11,148€44,075€88,784€59,619▼ 32.8%
Amounts payable within one year42/48€26,529€11,148€44,075€88,784€59,619▼ 32.8%
Trade debts44€15,000-€3,000---
Suppliers440/4€15,000-€3,000---
Taxes, remuneration and social security45€381-€3,105€1,797€3,039▲ 69.1%
Taxes450/3€381-€3,105€1,797€3,039▲ 69.1%
Other amounts payable47/48€11,148€11,148€37,970€86,986€56,579▼ 35.0%
Line20192020202120242025Change
Profit (loss) for the period9904-€6,965-€2,417€37,777-€1,338€470▲ 135%
+ Depreciation and write-downs630----€2,048-
Operating cash flow (approximation)-€6,965-€2,417€37,777-€1,338€2,519▲ 288%
Change in cash--€17,798€70,704--€26,095-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
25-09
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 56 days late
2025
31-12
Financial Back to profitnet €470
Net result €470 after one loss-making year.
29-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2023
07-03
KBO administration Strikeout withdrawn
event 16-02-2023
16-02
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 200 days late
16-02
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 565 days late
16-02
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 930 days late
16-02
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 1296 days late
2021
31-12
Financial Back to profitnet €37,777
Net result €37,777 after 3 loss-making years.
31-12
Financial Liquidity quadruplescurrent ratio 1.71
Current ratio from 0.42 to 1.71.
2019
31-12
Financial Weakest financial yearnet -€6,965
Net result drops to -€6,965, the lowest in the series; recovery starts the following year.
2018
30-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Schoten · 1 establishment unit since 2016
seat establishment The establishment unit on the map
Ground area
1,435 m²
Building footprint
235 m²
Volume, LiDAR
1,645 m³
Parcel 11040D0129/00B003, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
TwentyThree
Botermelkbaan 65, 2900 SchotenPrinting and reproduction of recorded media
since 20162.251.813.230
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11040D0129/00B003 Flanders 1,435 m² 1 · 235 m² 11.7 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded21-03-2016
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.