TWIN CONSTRUCTIONS
ActiveSummary
TWIN CONSTRUCTIONS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8,765 and a net result of €9,913. Equity is growing by ~31.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
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Signals
This company filed its last 7 accounts on average 160 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 1,216 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,216 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €348 | €868 | €387 | - |
| Gross operating margin9900 | -€21,556 | -€17,556 | -€8,893 | -€2,662 | -€9,770 | - |
| Operating profit (loss)9901 | -€21,556 | -€17,606 | -€9,241 | -€3,530 | -€10,157 | - |
| Financial income75/76B | - | - | €17,336 | €19,196 | €20,168 | - |
| Recurring financial income75 | €16,692 | €17,059 | €17,336 | €19,196 | €20,168 | - |
| Financial charges65/66B | - | - | €2,135 | €1,023 | €98 | - |
| Recurring financial charges65 | €1,351 | €1,382 | €2,135 | €1,023 | €98 | - |
| Profit (loss) for the period before taxes9903 | -€6,215 | -€1,929 | €5,961 | €14,643 | €9,913 | - |
| Profit (loss) for the period9904 | -€6,215 | -€1,929 | €5,961 | €14,643 | €9,913 | - |
| Profit (loss) for the period to be appropriated9905 | -€6,215 | -€1,929 | €5,961 | €14,643 | €9,913 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.0m | €1.0m | €1.0m | €1.1m | - |
| Fixed assets21/28 | €250,000 | €250,000 | €250,000 | €250,000 | €302,122 | - |
| Financial fixed assets28 | €250,000 | €250,000 | €250,000 | €250,000 | €302,122 | - |
| Current assets29/58 | €767,045 | €766,475 | €768,371 | €787,974 | €828,967 | - |
| Amounts receivable after more than one year29 | - | - | €767,831 | €787,027 | €826,870 | - |
| Other amounts receivable291 | - | - | €767,831 | €787,027 | €826,870 | - |
| Amounts receivable within one year40/41 | €5,317 | €5,317 | €0 | - | €500 | - |
| Trade receivables40 | - | - | €0 | - | €500 | - |
| Cash at bank and in hand54/58 | €28,292 | €10,662 | €540 | €947 | €24 | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,573 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.0m | €1.0m | €1.0m | €1.1m | - |
| Equity10/15 | -€33,459 | -€35,388 | -€29,427 | -€14,784 | €8,765 | - |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | - |
| Capital10 | - | - | €100,000 | €100,000 | €100,000 | - |
| Issued capital100 | - | - | €100,000 | €100,000 | €100,000 | - |
| Reserves13 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | - |
| Non-distributable reserves130/1 | - | - | €10,000 | €10,000 | €10,000 | - |
| Legal reserve130 | - | - | €10,000 | €10,000 | €10,000 | - |
| Profit (loss) carried forward14 | -€143,459 | -€145,388 | -€139,427 | -€124,784 | -€101,235 | - |
| Amounts payable17/49 | €1.1m | €1.1m | €1.0m | €1.1m | €1.1m | - |
| Amounts payable after more than one year17 | €1.0m | €1.0m | €1.0m | €1.1m | €1.1m | - |
| Other amounts payable178/9 | - | - | €1.0m | €1.1m | €1.1m | - |
| Amounts payable within one year42/48 | €6,383 | €6,438 | €1,066 | €1,066 | €1,566 | - |
| Trade debts44 | €6,383 | €6,438 | €1,066 | €1,066 | €1,566 | - |
| Suppliers440/4 | - | - | €1,066 | €1,066 | €1,566 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,215 | -€1,929 | €5,961 | €14,643 | €9,913 | - |
| Operating cash flow (approximation) | -€6,215 | -€1,929 | €5,961 | €14,643 | €9,913 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | -€17,629 | -€10,123 | €408 | - | - |
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
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0172/00G000 | Brussels | 3,384 m² | 1 · 2,779 m² | 31.7 m · 8 fl. |
| 21019A0156/00Y000 | Brussels | 564 m² | 1 · 131 m² | 14.1 m · 4 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
3 owners · 1 holdingOwners 3
- AVIHO NEUMARKnatural personSourceown accounts 31-07-202351%
- Chaim Jagermannnatural personSourceown accounts 31-07-202323.4%
- Samuel Scheffernatural personSourceown accounts 31-07-202315%
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
10.6%
Holdings 1
- NADLAN CONSTRUCTIONSsubsidiaryEquity €2.6mResult €24,880100%
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
50%
According to the annual accounts to 31-07-2023 of TWIN CONSTRUCTIONS 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.
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.