TWIETY
ActiveSummary
TWIETY has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58k and a net result of €7k. Equity is growing by ~19.5% per year across the filed fiscal years. Its solvency ranks better than 84% of 13417 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+8
Solvency95▲+9
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 3.39 against 2.71 in 2024; short-term debt: 15.8% and cash: 44.4% of total assets), and 29.5% 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 · 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
Food and beverage service activities (NACE 56)
about 206% more 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
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
70.5%
Return on assets
8.8%
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
118 d early
2023
16 d early
2022
84 d early
2021
38 d early
2020
61 d early
2019
46 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
Turnover
€319k
EBIT margin
5.7%
Net result
€7k▲ 197%
2024 · €2k
Working capital
€31k▲ 11.5%
2024 · €28k
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
Turnover
Operating result€19k▼ 43.6%€27k▲ 40.2%€284▼ 98.9%€8k▲ 2,597%€14k▲ 85.9%
Net result€7k▼ 64.1%€17k▲ 126%€-2k€2k€7k▲ 197%
EBIT margin
Equity€33k▲ 28.8%€50k▲ 50.5%€48k▼ 4.2%€51k▲ 5.0%€58k▲ 14.2%
Total assets€89k▲ 1.1%€82k▼ 7.8%€65k▼ 20.0%€83k▲ 27.5%€82k▼ 1.6%
Debt€55k▼ 10.6%€31k▼ 43.1%€17k▼ 45.3%€33k▲ 90.5%€24k▼ 26.1%
Working capital€30k▲ 62.1%€25k▼ 15.7%€23k▼ 9.7%€28k▲ 21.9%€31k▲ 11.5%
Staff (FTE)2.6▼ 16.1%2▼ 23.1%2.4▲ 20.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 86% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82k
Fixed assets
€38k ▼ 3.3%
Current assets
€44k ▼ 0.2%
Equity and liabilities €82k
Equity
€58k ▲ 14.2%
Debt
€24k ▼ 26.1%
Debt's share of the balance-sheet total falls from 39.3% to 29.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▲
2024 · €17k
Cash flow
€17k▲
2024 · €11k
Current ratio
3.39▲
2024 · 2.71
Quick ratio
3.20▲
2024 · 2.55
Debt to equity
0.42▼
2024 · 0.65
ROE
12.4%▲
2024 · 4.8%
ROA
8.8%▲
2024 · 2.9%
Interest coverage
10.55▲
2024 · 6.74
Debt ≤ 1 year
€13k▼
2024 · €16k
Debt > 1 year
€11k▼
2024 · €16k
Income taxes
€5k▲
2024 · €3k
Staff costs
€913▲
2024 · €774
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €20k | €0 | €1k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €34k | €16k | €17k | €774 | €913 | ▲ 17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €12k | €8k | €9k | €10k | ▲ 13.6% |
| Other operating charges640/8 | €2k | €2k | €1k | €1k | €1k | ▲ 1.1% |
| Gross operating margin9900 | €74k | €57k | €26k | €19k | €26k | ▲ 42.9% |
| Operating profit (loss)9901 | €19k | €27k | €284 | €8k | €14k | ▲ 85.9% |
| Financial income75/76B | €6 | €9 | €285 | €10 | €0 | ▼ 99.9% |
| Recurring financial income75 | €6 | €9 | €285 | €10 | €0 | ▼ 99.9% |
| Financial charges65/66B | €5k | €4k | €2k | €2k | €2k | ▼ 5.9% |
| Recurring financial charges65 | €5k | €4k | €2k | €2k | €2k | ▼ 5.9% |
| Profit (loss) for the period before taxes9903 | €14k | €23k | €-1k | €5k | €12k | ▲ 129% |
| Income taxes67/77 | €6k | €6k | €772 | €3k | €5k | ▲ 69.8% |
| Profit (loss) for the period9904 | €7k | €17k | €-2k | €2k | €7k | ▲ 197% |
| Profit (loss) for the period to be appropriated9905 | €7k | €17k | €-2k | €2k | €7k | ▲ 197% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89k | €82k | €65k | €83k | €82k | ▼ 1.6% |
| Fixed assets21/28 | €22k | €34k | €25k | €39k | €38k | ▼ 3.3% |
| Tangible fixed assets22/27 | €22k | €33k | €25k | €39k | €37k | ▼ 3.3% |
| Plant, machinery and equipment23 | €9k | €1k | €628 | €0 | €3k | - |
| Furniture and vehicles24 | €822 | €27k | €21k | €37k | €28k | ▼ 23.7% |
| Leasing and similar rights25 | €6k | €0 | - | - | - | - |
| Other tangible fixed assets26 | €6k | €4k | €3k | €2k | €6k | ▲ 235% |
| Financial fixed assets28 | €723 | €723 | €723 | €723 | €723 | = |
| Current assets29/58 | €66k | €48k | €40k | €44k | €44k | ▼ 0.2% |
| Stocks and contracts in progress3 | €2k | €4k | €2k | €3k | €2k | ▼ 7.0% |
| Stocks30/36 | €2k | €4k | €2k | €3k | €2k | ▼ 7.0% |
| Amounts receivable within one year40/41 | €5k | €2k | €1k | €942 | €1k | ▲ 30.5% |
| Trade receivables40 | €2k | €0 | €116 | €240 | €594 | ▲ 147% |
| Other amounts receivable41 | €3k | €2k | €899 | €702 | €636 | ▼ 9.4% |
| Cash at bank and in hand54/58 | €48k | €38k | €31k | €35k | €36k | ▲ 3.5% |
| Deferred charges and accrued income490/1 | €11k | €5k | €6k | €5k | €4k | ▼ 27.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89k | €82k | €65k | €83k | €82k | ▼ 1.6% |
| Equity10/15 | €33k | €50k | €48k | €51k | €58k | ▲ 14.2% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €27k | €44k | €42k | €44k | €52k | ▲ 16.2% |
| Distributable reserves133 | €27k | €44k | €42k | €44k | €52k | ▲ 16.2% |
| Amounts payable17/49 | €55k | €31k | €17k | €33k | €24k | ▼ 26.1% |
| Amounts payable after more than one year17 | €19k | €8k | €0 | €16k | €11k | ▼ 29.6% |
| Financial debts170/4 | €19k | €8k | €0 | €16k | €11k | ▼ 29.6% |
| Amounts payable within one year42/48 | €36k | €23k | €17k | €16k | €13k | ▼ 20.1% |
| Current portion of amounts payable after more than one year42 | €13k | €8k | €8k | €5k | €5k | ▲ 11.9% |
| Trade debts44 | €5k | €2k | €1k | €6k | €3k | ▼ 44.3% |
| Suppliers440/4 | €5k | €2k | €1k | €6k | €3k | ▼ 44.3% |
| Taxes, remuneration and social security45 | €13k | €9k | €2k | €3k | €2k | ▼ 35.7% |
| Taxes450/3 | €9k | €7k | €2k | €3k | €2k | ▼ 35.7% |
| Remuneration and social security454/9 | €4k | €1k | €195 | €0 | - | - |
| Other amounts payable47/48 | €5k | €5k | €5k | €3k | €3k | ▼ 3.8% |
| Accrued charges and deferred income492/3 | - | - | - | €550 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €17k | €-2k | €2k | €7k | ▲ 197% |
| + Depreciation and write-downs630 | €18k | €12k | €8k | €9k | €10k | ▲ 13.6% |
| Operating cash flow (approximation) | €26k | €29k | €6k | €11k | €17k | ▲ 52.9% |
| Investment in fixed assets (approximation) | - | €-23k | €0 | €-23k | €-9k | ▲ 61.7% |
| Change in cash | - | €-10k | €-7k | €4k | €1k | ▼ 72.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €21k ▲218%
Operating result €34k, net result €21k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.62
Current ratio from 0.75 to 1.62; short-term debt falls from €36k to €30k.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Torhout · 1 establishment unit since 2001
Ground area
821 m²
Building footprint
274 m²
Volume, LiDAR
1,143 m³
Parcel 31522D0813/00S004, Flanders · tallest building 8.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Ruddervoordestraat 111, 8820 Torhout
since 20012.093.346.409
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522D0813/00S004 | Flanders | 821 m² | 1 · 274 m² | 8.6 m · 1 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 siteTorhout2.093.346.409
Dual-learning approval
2 endedKeukenmedewerker (so)
Medewerker snackbar-taverne (so)
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Of 21,861 companies in sector 56112 we hold annual accounts for 9,773. 8,323 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
Founded11-04-2001
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Contact
E-mail
info@frituurtwiety.beTorhout
Phone
050/22.11.86Torhout
Fax
0475/291692Torhout
Scores and ratios are computed by Checked and are not a credit decision.