TWIN DEVELOPMENT
ActiveTWIN DEVELOPMENT has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €916k and a net result of €155k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 90% of 1408 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 3.89 against 3.91 in 2024; short-term debt: 17.1% and cash: 17.7% of total assets), and 17.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
82.9%
Return on assets
14%
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
13 d early
2023
19 d late
2022
54 d early
2021
21 d late
2020
9 d late
2019
41 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€155k▲ 15.5%
2024 · €134k
2018: €42k
2019: €4k
2020: €42k
2021: €85k
2022: €46k
2023: €100k
2024: €134k
2018 → 2025
Working capital
€545k▲ 21.9%
2024 · €447k
2018: €415k
2019: €372k
2020: €381k
2021: €425k
2022: €446k
2023: €400k
2024: €447k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€769k-€755k▼ 1.8%€797k▲ 5.6%€832k▲ 4.3%€916k▲ 10.2%
Operating result€127k-€81k▼ 35.9%€152k▲ 87.2%€172k▲ 13.2%€209k▲ 21.2%
Net result€85k-€46k▼ 45.4%€100k▲ 117%€134k▲ 33.9%€155k▲ 15.5%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 21% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.11M
Fixed assets
€371k▼ 3.4%
Current assets
€734k▲ 22.1%
Equity and liabilities €1.11M
Equity
€916k▲ 10.2%
Debt
€189k▲ 22.8%
The debt ratio rises from 15.6% to 17.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€222k▲
2024 · €186k
Cash flow
€168k▲
2024 · €147k
Solvency
82.9%▼
2024 · 84.4%
Current ratio
3.89▼
2024 · 3.91
Quick ratio
3.05▲
2024 · 2.75
Debt / equity
0.21▲
2024 · 0.19
ROE
16.9%▲
2024 · 16.1%
ROA
14.0%▲
2024 · 13.6%
Interest coverage
121.99▲
2024 · 96.30
Debt
€189k▲
2024 · €154k
Debt ≤ 1 year
€189k▲
2024 · €154k
Income taxes
€73k▲
2024 · €48k
Staff costs
€125k▼
2024 · €126k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€985k€1.11M▲
Fixed assets21/28€384k€371k▼
Tangible fixed assets22/27€17k€4k▼
Land and buildings22€5k€3k▼
Plant, machinery and equipment23€1k€85▼
Furniture and vehicles24€11k€875▼
Financial fixed assets28€367k€367k=
Current assets29/58€601k€734k▲
Stocks and contracts in progress3€179k€158k▼
Stocks30/36€179k€158k▼
Amounts receivable within one year40/41€79k€238k▲
Trade receivables40€63k€212k▲
Other amounts receivable41€16k€26k▲
Current investments50/53€141k€141k=
Cash at bank and in hand54/58€202k€196k▼
Equity and liabilities
Total equity and liabilities10/49€985k€1.11M▲
Equity10/15€832k€916k▲
Contributions10/11€112k€112k=
Capital10€70k€70k=
Issued capital100€70k€70k=
Outside capital11€42k€42k=
Share premium1100/10€42k€42k=
Revaluation surpluses12€140k€140k=
Reserves13€447k€477k▲
Non-distributable reserves130/1€317k€317k=
Legal reserve130€7k€7k=
Own shares acquired1312€141k€141k=
Other1319€169k€169k=
Distributable reserves133€130k€160k▲
Profit (loss) carried forward14€133k€187k▲
Amounts payable17/49€154k€189k▲
Amounts payable within one year42/48€154k€189k▲
Trade debts44€15k€34k▲
Suppliers440/4€15k€34k▲
Taxes, remuneration and social security45€139k€155k▲
Taxes450/3€125k€148k▲
Remuneration and social security454/9€14k€7k▼
Income statement
Code20242025
Remuneration, social security and pensions62€126k€125k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▼
Other operating charges640/8€5k€2k▼
Gross operating margin9900€316k€349k▲
Operating profit (loss)9901€172k€209k▲
Financial income75/76B€14k€21k▲
Recurring financial income75€14k€21k▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€2k€2k▼
Non-recurring financial charges66B€2k-
Profit (loss) for the period before taxes9903€182k€228k▲
Income taxes67/77€48k€73k▲
Profit (loss) for the period9904€134k€155k▲
Profit (loss) for the period to be appropriated9905€134k€155k▲
Appropriation of the result
Profit (loss) to be appropriated9906€258k€287k▲
Profit (loss) brought forward from the previous period14P€123k€133k▲
Transfer from equity791/2-€70k
Transfer to equity691/2€25k€100k▲
To other reserves6921€25k€100k▲
Profit to be distributed694/7€100k€70k▼
Return on contributions (dividend)694€100k€70k▼
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €155k ▲15.5%
Operating result €209k, net result €155k, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 19 days late
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
31-12
Financial
Weakest financial yearnet €4k ▼89.9%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Charleroi · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Faubourg de Bruxelles 3206041 CharleroiGround area
1,367 m²
Building footprint
366 m²
Volume, LiDAR
1,526 m³
2 parcels, Wallonia · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Flaches(GER) 125, 6280 Gerpinnes
since 19902.050.458.749
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52025A0177/00L000 | Wallonia | 1,186 m² | 1 · 194 m² | - |
| 52028A0462/00M003 | Wallonia | 181 m² | 1 · 172 m² | 12.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,886 companies in sector 62100 we hold annual accounts for 8,776. 4,291 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-11-1990
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
72220
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.