TWIDI
ActiveSummary
TWIDI has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80,402 and a net result of -€11,250. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 84% of 906 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-67
Solvency98▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.97 against 1.8 in 2024; short-term debt: 26.5% and cash: 3.4% of total assets), and 26.5% of the assets are financed with debt.
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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 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% 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
73.5%
Return on assets
-10.3%
Age of the figures
9 mo
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
56 d late
2023
27 d late
2022
262 d late
2021
77 d late
2020
31 d late
2019
5 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 64 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€80,402▼ 12.3%
2024 · €91,652
Total assets
€109,438▼ 3.6%
2024 · €113,551
Net result
-€11,250
2024 · €3,944
Working capital
-€747
2024 · €17,546
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
Line20212022202320242025
Operating result€8,645▼ 44.6%€581▼ 93.3%€1,981▲ 241%€6,323▲ 219%-€10,942
Net result€7,623▼ 46.2%-€833€263€3,944▲ 1,397%-€11,250
Equity€88,277▲ 9.5%€87,444▼ 0.9%€87,707▲ 0.3%€91,652▲ 4.5%€80,402▼ 12.3%
Total assets€122,191▼ 11.5%€113,925▼ 6.8%€133,702▲ 17.4%€113,551▼ 15.1%€109,438▼ 3.6%
Debt€33,913▼ 40.9%€26,481▼ 21.9%€45,994▲ 73.7%€21,899▼ 52.4%€29,036▲ 32.6%
Working capital-€12,863▲ 61.5%€1,965€4,947▲ 152%€17,546▲ 255%-€747
Staff (FTE)11=1=
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 turns negative in 2025: a loss of €10,942 after €6,323 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €109,438
Fixed assets
€81,148 ▲ 9.5%
Current assets
€28,289 ▼ 28.3%
Equity and liabilities €109,438
Equity
€80,402 ▼ 12.3%
Debt
€29,036 ▲ 32.6%
Debt's share of the balance-sheet total rises from 19.3% to 26.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€768▼
2024 · €14,978
Cash flow
-€1,076▼
2024 · €12,599
Current ratio
0.97▼
2024 · 1.80
Quick ratio
0.90▼
2024 · 1.75
Debt to equity
0.36▲
2024 · 0.24
ROE
-14.0%▼
2024 · 4.3%
ROA
-10.3%▼
2024 · 3.5%
Interest coverage
-3.14▼
2024 · 52.87
Debt ≤ 1 year
€29,036▲
2024 · €21,899
Income taxes
€198▼
2024 · €2,303
Staff costs
€28,545▲
2024 · €27,366
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 5,827 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €3,244 | €24,296 | €27,983 | €27,366 | €28,545 | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,997 | €17,118 | €12,426 | €8,655 | €10,174 | ▲ 17.6% |
| Other operating charges640/8 | €3,137 | €3,343 | €5,694 | €4,789 | €4,850 | ▲ 1.3% |
| Gross operating margin9900 | €33,023 | €45,338 | €48,084 | €47,133 | €32,627 | ▼ 30.8% |
| Operating profit (loss)9901 | €8,645 | €581 | €1,981 | €6,323 | -€10,942 | ▼ 273% |
| Financial income75/76B | €348 | - | €133 | €207 | €134 | ▼ 35.6% |
| Recurring financial income75 | €348 | - | €133 | €207 | €134 | ▼ 35.6% |
| Financial charges65/66B | €99 | €204 | €239 | €283 | €244 | ▼ 13.8% |
| Recurring financial charges65 | €99 | €204 | €239 | €283 | €244 | ▼ 13.8% |
| Profit (loss) for the period before taxes9903 | €8,893 | €377 | €1,875 | €6,247 | -€11,052 | ▼ 277% |
| Income taxes67/77 | €1,270 | €1,210 | €1,612 | €2,303 | €198 | ▼ 91.4% |
| Profit (loss) for the period9904 | €7,623 | -€833 | €263 | €3,944 | -€11,250 | ▼ 385% |
| Profit (loss) for the period to be appropriated9905 | €7,623 | -€833 | €263 | €3,944 | -€11,250 | ▼ 385% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €122,191 | €113,925 | €133,702 | €113,551 | €109,438 | ▼ 3.6% |
| Fixed assets21/28 | €104,174 | €87,056 | €82,760 | €74,105 | €81,148 | ▲ 9.5% |
| Tangible fixed assets22/27 | €103,924 | €86,806 | €82,510 | €73,855 | €80,898 | ▲ 9.5% |
| Land and buildings22 | €69,119 | €63,939 | €59,676 | €55,412 | €62,040 | ▲ 12.0% |
| Furniture and vehicles24 | €34,805 | €22,866 | €22,834 | €18,443 | €18,858 | ▲ 2.3% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €18,017 | €26,869 | €50,942 | €39,445 | €28,289 | ▼ 28.3% |
| Stocks and contracts in progress3 | €2,186 | €1,259 | €7,109 | €1,210 | €2,166 | ▲ 79.0% |
| Stocks30/36 | €2,186 | €1,259 | €7,109 | €1,210 | €2,166 | ▲ 79.0% |
| Amounts receivable within one year40/41 | €10,478 | €19,652 | €33,848 | €27,491 | €22,361 | ▼ 18.7% |
| Trade receivables40 | €7,823 | €15,024 | €26,635 | €22,284 | €19,725 | ▼ 11.5% |
| Other amounts receivable41 | €2,655 | €4,628 | €7,213 | €5,207 | €2,636 | ▼ 49.4% |
| Cash at bank and in hand54/58 | €4,993 | €5,958 | €7,400 | €7,697 | €3,763 | ▼ 51.1% |
| Deferred charges and accrued income490/1 | €360 | €0 | €2,584 | €3,047 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €122,191 | €113,925 | €133,702 | €113,551 | €109,438 | ▼ 3.6% |
| Equity10/15 | €88,277 | €87,444 | €87,707 | €91,652 | €80,402 | ▼ 12.3% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | = |
| Other1319 | €6,200 | €6,200 | €6,200 | - | - | - |
| Profit (loss) carried forward14 | €20,104 | €19,271 | €19,534 | €23,478 | €12,228 | ▼ 47.9% |
| Amounts payable17/49 | €33,913 | €26,481 | €45,994 | €21,899 | €29,036 | ▲ 32.6% |
| Amounts payable after more than one year17 | €3,033 | €1,484 | - | - | - | - |
| Financial debts170/4 | €3,033 | €1,484 | - | - | - | - |
| Amounts payable within one year42/48 | €30,880 | €24,904 | €45,994 | €21,899 | €29,036 | ▲ 32.6% |
| Current portion of amounts payable after more than one year42 | €5,107 | €3,185 | €1,170 | - | - | - |
| Trade debts44 | €15,866 | €11,298 | €22,370 | €11,087 | €14,671 | ▲ 32.3% |
| Suppliers440/4 | €15,866 | €11,298 | €22,370 | €11,087 | €14,671 | ▲ 32.3% |
| Taxes, remuneration and social security45 | €3,278 | €7,042 | €7,422 | €10,743 | €8,348 | ▼ 22.3% |
| Taxes450/3 | €728 | €2,719 | €3,927 | €7,169 | €4,949 | ▼ 31.0% |
| Remuneration and social security454/9 | €2,551 | €4,323 | €3,495 | €3,574 | €3,399 | ▼ 4.9% |
| Other amounts payable47/48 | €6,629 | €3,378 | €15,033 | €69 | €6,017 | ▲ 8,627% |
| Accrued charges and deferred income492/3 | - | €93 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,623 | -€833 | €263 | €3,944 | -€11,250 | ▼ 385% |
| + Depreciation and write-downs630 | €17,997 | €17,118 | €12,426 | €8,655 | €10,174 | ▲ 17.6% |
| Operating cash flow (approximation) | €25,619 | €16,285 | €12,689 | €12,599 | -€1,076 | ▼ 109% |
| Investment in fixed assets (approximation) | - | €0 | -€8,130 | €0 | -€17,217 | - |
| Change in cash | - | €965 | €1,442 | €297 | -€3,934 | ▼ 1,425% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€11,250
Net result drops to -€11,250, the lowest in the series.
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
18-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 262 days late
2023
31-12
Financial
Back to profitnet €263
Net result €263 after one loss-making year.
2022
16-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 77 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €14,159 ▲103%
Operating result €15,594, net result €14,159, both a record.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 109 days late
Financial milestoneNBB 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, Quiévrain · 1 establishment unit since 1996
Ground area
7,161 m²
Building footprint
174 m²
Volume, LiDAR
1,324 m³
Parcel 53005B0034/00H000, Wallonia · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CENTRE EQUESTRE DES ALTANES
since 19962.078.864.012
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53005B0034/00H000 | Wallonia | 7,160 m² | 1 · 174 m² | 9.2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteQuiévrain2.078.864.012
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Of 3,293 companies in sector 93110 we hold annual accounts for 1,496. 1,057 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-10-1996
Fiscal year end31-12
Activities, NACEBEL 2025
93110Operation of sports facilities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459032704
Also
9925:BE0459032704
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.