TWILIGHT ZONE
ActiveSummary
TWILIGHT ZONE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €398,852 and a net result of -€59,002. Equity is shrinking by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 23% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▼-1
Solvency38▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.35 in 2024; short-term debt: 48.9% and cash: 3.8% of total assets), and 87.3% of the assets are financed with debt.
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Signals
Five 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€59,002
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 10519 sector peers (2025).
NBB · sector comparisonPosition among 10519 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
30 d late
2020
34 d late
2019
62 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 35 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€398,852▼ 12.9%
2024 · €457,854
Total assets
€3.1m▲ 8.2%
2024 · €2.9m
Net result
-€59,002▼ 16.4%
2024 · -€50,676
Working capital
-€974,552▼ 2.5%
2024 · -€951,111
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€54,114-€38,149▲ 29.5%€59,639€72,274▲ 21.2%€45,693▼ 36.8%
Net result-€78,902below the sector's middle half▼ 122%-€38,008below the sector's middle half▲ 51.8%-€14,262below the sector's middle half▲ 62.5%-€50,676below the sector's middle half▼ 255%-€59,002below the sector's middle half▼ 16.4%
Equity€573,200within the sector's middle half▼ 12.1%€535,192within the sector's middle half▼ 6.6%€508,529within the sector's middle half▼ 5.0%€457,854within the sector's middle half▼ 10.0%€398,852within the sector's middle half▼ 12.9%
Total assets€2.1mabove the sector's middle half▲ 7.3%€2.3mabove the sector's middle half▲ 11.0%€2.9mabove the sector's middle half▲ 28.5%€2.9mabove the sector's middle half▼ 1.7%€3.1mabove the sector's middle half▲ 8.2%
Debt€1.5m▲ 17.3%€1.8m▲ 17.8%€2.4m▲ 38.7%€2.4m▲ 0.1%€2.7m▲ 8.7%
Working capital€252,828within the sector's middle half▼ 10.5%-€377,552below the sector's middle half-€624,612below the sector's middle half▼ 65.4%-€951,111below the sector's middle half▼ 52.3%-€974,552below the sector's middle half▼ 2.5%
Solvency27.7%within the sector's middle half▼ 6.1pp23.3%within the sector's middle half▼ 4.4pp17.2%below the sector's middle half▼ 6.1pp15.8%below the sector's middle half▼ 1.5pp12.7%below the sector's middle half▼ 3.1pp
Current ratio1.53within the sector's middle half▼ 0.610.60below the sector's middle half▼ 0.930.45below the sector's middle half▼ 0.150.35below the sector's middle half▼ 0.100.36below the sector's middle half▲ 0.01
Return on assets (ROA)-3.8%below the sector's middle half▼ 2.0pp-1.7%below the sector's middle half▲ 2.2pp-0.5%below the sector's middle half▲ 1.2pp-1.7%below the sector's middle half▼ 1.3pp-1.9%below the sector's middle half▼ 0.1pp
Staff (FTE)2.5within the sector's middle half▲ 19.0%2.8within the sector's middle half▲ 12.0%2within the sector's middle half▼ 28.6%2.7within the sector's middle half▲ 35.0%1.8within the sector's middle half▼ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.1m
Fixed assets
€2.6m ▲ 8.4%
Current assets
€559,521 ▲ 7.2%
Equity and liabilities €3.1m
Equity
€398,852 ▼ 12.9%
Provisions
€82,925
Debt
€2.7m ▲ 8.7%
Debt's share of the balance-sheet total rises from 84.2% to 84.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€110,582▼
2024 · €135,742
Cash flow
€5,887▼
2024 · €12,792
Quick ratio
0.31▲
2024 · 0.29
Debt to equity
6.66▲
2024 · 5.33
ROE
-14.8%▼
2024 · -11.1%
Interest coverage
1.05▼
2024 · 1.10
Debt ≤ 1 year
€1.5m▲
2024 · €1.5m
Debt > 1 year
€1.1m▲
2024 · €968,407
Income taxes
€248▲
2024 · €236
Staff costs
€130,172▼
2024 · €200,826
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €140,097 | €181,943 | €202,088 | €200,826 | €130,172 | ▼ 35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,363 | €60,867 | €63,088 | €63,468 | €64,889 | ▲ 2.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €82,925 | - |
| Other operating charges640/8 | €31,570 | €17,734 | €19,227 | €19,344 | €14,887 | ▼ 23.0% |
| Non-recurring operating charges66A | - | - | - | €3,140 | - | - |
| Gross operating margin9900 | €183,916 | €222,394 | €344,042 | €359,052 | €338,566 | ▼ 5.7% |
| Operating profit (loss)9901 | -€54,114 | -€38,149 | €59,639 | €72,274 | €45,693 | ▼ 36.8% |
| Financial income75/76B | €121 | €19,002 | €320 | €390 | €718 | ▲ 84.1% |
| Recurring financial income75 | €121 | €19,002 | €320 | €390 | €718 | ▲ 84.1% |
| Financial charges65/66B | €24,700 | €18,626 | €74,003 | €123,104 | €105,165 | ▼ 14.6% |
| Recurring financial charges65 | €24,700 | €18,626 | €74,003 | €123,104 | €105,165 | ▼ 14.6% |
| Profit (loss) for the period before taxes9903 | -€78,693 | -€37,774 | -€14,043 | -€50,440 | -€58,754 | ▼ 16.5% |
| Income taxes67/77 | €209 | €234 | €219 | €236 | €248 | ▲ 5.1% |
| Profit (loss) for the period9904 | -€78,902 | -€38,008 | -€14,262 | -€50,676 | -€59,002 | ▼ 16.4% |
| Profit (loss) for the period to be appropriated9905 | -€78,902 | -€38,008 | -€14,262 | -€50,676 | -€59,002 | ▼ 16.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.3m | €2.9m | €2.9m | €3.1m | ▲ 8.2% |
| Fixed assets21/28 | €1.3m | €1.7m | €2.4m | €2.4m | €2.6m | ▲ 8.4% |
| Tangible fixed assets22/27 | €11,547 | €399,235 | €370,397 | €320,650 | €249,953 | ▼ 22.0% |
| Land and buildings22 | €519 | €392,000 | €336,000 | €294,735 | €237,210 | ▼ 19.5% |
| Plant, machinery and equipment23 | €6,368 | €4,538 | €12,376 | €9,543 | €6,926 | ▼ 27.4% |
| Furniture and vehicles24 | €4,659 | €2,697 | €22,021 | €16,372 | €5,817 | ▼ 64.5% |
| Financial fixed assets28 | €1.3m | €1.3m | €2.1m | €2.1m | €2.3m | ▲ 13.1% |
| Current assets29/58 | €728,290 | €568,705 | €521,386 | €521,987 | €559,521 | ▲ 7.2% |
| Amounts receivable after more than one year29 | €101,487 | €85,048 | €70,348 | €61,848 | €95,098 | ▲ 53.8% |
| Other amounts receivable291 | €101,487 | €85,048 | €70,348 | €61,848 | €95,098 | ▲ 53.8% |
| Stocks and contracts in progress3 | €90,779 | €100,927 | €70,802 | €91,788 | €88,662 | ▼ 3.4% |
| Stocks30/36 | €90,779 | €100,927 | €70,802 | €91,788 | €88,662 | ▼ 3.4% |
| Amounts receivable within one year40/41 | €386,603 | €250,226 | €247,647 | €204,572 | €246,623 | ▲ 20.6% |
| Trade receivables40 | €174,803 | €250,226 | €247,647 | €204,572 | €246,623 | ▲ 20.6% |
| Other amounts receivable41 | €211,799 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €144,071 | €126,286 | €125,840 | €156,876 | €120,255 | ▼ 23.3% |
| Deferred charges and accrued income490/1 | €5,350 | €6,217 | €6,749 | €6,903 | €8,883 | ▲ 28.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.3m | €2.9m | €2.9m | €3.1m | ▲ 8.2% |
| Equity10/15 | €573,200 | €535,192 | €508,529 | €457,854 | €398,852 | ▼ 12.9% |
| Contributions10/11 | €118,600 | €118,600 | €106,200 | €106,200 | €106,200 | = |
| Reserves13 | €454,600 | €416,592 | €402,329 | €351,654 | €292,652 | ▼ 16.8% |
| Non-distributable reserves130/1 | €2,639 | €2,639 | - | - | - | - |
| Reserves not available under the articles1311 | €2,639 | €2,639 | - | - | - | - |
| Distributable reserves133 | €451,960 | €413,953 | €402,329 | €351,654 | €292,652 | ▼ 16.8% |
| Provisions and deferred taxes16 | - | - | - | - | €82,925 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €82,925 | - |
| Major repairs and maintenance162 | - | - | - | - | €82,925 | - |
| Amounts payable17/49 | €1.5m | €1.8m | €2.4m | €2.4m | €2.7m | ▲ 8.7% |
| Amounts payable after more than one year17 | €1.0m | €812,096 | €1.3m | €968,407 | €1.1m | ▲ 15.7% |
| Financial debts170/4 | €660,487 | €495,856 | €323,636 | €149,092 | €74,467 | ▼ 50.1% |
| Other amounts payable178/9 | €356,294 | €316,240 | €970,341 | €819,316 | €1.0m | ▲ 27.7% |
| Amounts payable within one year42/48 | €475,462 | €946,257 | €1.1m | €1.5m | €1.5m | ▲ 4.1% |
| Current portion of amounts payable after more than one year42 | €172,987 | €169,934 | €172,221 | €174,544 | €108,621 | ▼ 37.8% |
| Financial debts43 | €100,000 | €100,000 | €150,000 | €125,000 | €150,000 | ▲ 20.0% |
| Credit institutions430/8 | €100,000 | €100,000 | €150,000 | €125,000 | €150,000 | ▲ 20.0% |
| Trade debts44 | €112,504 | €490,609 | €686,074 | €925,676 | €1.1m | ▲ 13.7% |
| Suppliers440/4 | €112,504 | €490,609 | €686,074 | €925,676 | €1.1m | ▲ 13.7% |
| Advances received on contracts in progress46 | €72,944 | €152,384 | €100,629 | €204,643 | €192,279 | ▼ 6.0% |
| Taxes, remuneration and social security45 | €17,027 | €33,330 | €37,074 | €43,235 | €30,617 | ▼ 29.2% |
| Taxes450/3 | €405 | €12,120 | €12,248 | €19,195 | €15,621 | ▼ 18.6% |
| Remuneration and social security454/9 | €16,622 | €21,210 | €24,826 | €24,040 | €14,996 | ▼ 37.6% |
| Accrued charges and deferred income492/3 | €516 | €516 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€78,902 | -€38,008 | -€14,262 | -€50,676 | -€59,002 | ▼ 16.4% |
| + Depreciation and write-downs630 | €66,363 | €60,867 | €63,088 | €63,468 | €64,889 | ▲ 2.2% |
| Operating cash flow (approximation) | -€12,539 | €22,859 | €48,826 | €12,792 | €5,887 | ▼ 54.0% |
| Investment in fixed assets (approximation) | - | -€448,554 | -€764,850 | -€13,721 | -€264,514 | ▼ 1,828% |
| Change in cash | - | -€17,784 | -€446 | €31,036 | -€36,621 | ▼ 218% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet -€78,902
Net result drops to -€78,902, the lowest in the series; recovery starts the following year.
03-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 34 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 62 days late
2019
31-12
Financial
Back to profitnet €588,081
Net result €588,081 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €687,681 ▲590%
Equity rises from €99,600 to €687,681.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 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.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Herentals · 1 establishment unit since 2001
Ground area
9,586 m²
Building footprint
822 m²
Volume, LiDAR
5,268 m³
Parcel 13302D0236/00E000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
2Lite
since 20012.101.253.491
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302D0236/00E000 | Flanders | 9,586 m² | 1 · 822 m² | 10.2 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
99.68%
According to the 2025 annual accounts of TWILIGHT ZONE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 5,694 EUR awarded · 5,694 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 5,694 EUR | 5,694 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
875500SD2RQ6XS5BQ586
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Of 765 companies in sector 47552 we hold annual accounts for 444. 347 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
Founded08-02-2001
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
47552Retail sale of lighting equipment
46130Agents in the wholesale of timber and building materials
46494Wholesale of non-electrical household articles
46831Wholesale of construction materials, general range
47551Retail sale of household furniture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474034347
Also
9925:BE0474034347
Registered
20-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.