TWIN DEVELOPMENT
ActiveSummary
TWIN DEVELOPMENT has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €916,399 and a net result of €154,868. Equity has been growing by about 2.6% per year since 2018. Its solvency ranks better than 90% of 1,683 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-11-1990 Normal situation
- Activity
- Computer programming NACE 62100
- Establishment unit
- 2.050.458.749 6280 Gerpinnes, since 30-11-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
Board
- Jenard PierreDirector
- Sprimont Jean ChristopheDirector
Shareholders
- CONSEILS, SERVICES ET EXPERTISES0%2021 annual accounts of CONSEILS, SERVICES ET EXPERTISES
- Holdings
- Shares in 1 company TRIPY
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Gross margin
- €348,814
- ▲ 10.4%
- Turnover
- ≈ €920,000
- estimated
- Profit
- €154,868
- ▲ 15.5%
- Equity
- €916,399
- ▲ 10.2%
- Total assets
- €1.1m
- ▲ 12.2%
- Employees on 31-12-2025
- 1
- ▼ 50.0%
Score breakdownlowers riskLiquidity: current ratio 3.89, cash €196,140Equity €916,399 (82.9% of total assets)Founded in 1990Sector: Computer programming, consultancy and related activities (NACE 62)Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 60% of micro companies in computer programming and consultancy (NACE 62)
Financial strength · tick: 2024
Strong
Solvency
100=
equity 82.9% of total assets
Liquidity
68-4
short-term debt 17.1% · cash 17.7%
Profitability
86=
return on assets 14.0%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €85,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.89 (3.91 in 2024), above the usual 1.5. Short-term debt is 17.1% and cash 17.7% of total assets. 17.1% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 85% of them on solvency, 51% on liquidity, 49% on profitability and 57% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskneutral
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 days early
2024
13 days early
2023
19 days late
2022
54 days early
2021
21 days late
2020
9 days late
2019
41 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 22-07-2026 at the NBB all 35 filings
Turnover
≈ €920,000
Estimated: probably between €630,000 and €1.5m
EBIT margin
Not included in this filing
Net result
€154,868▲ 15.5%
2024 · €134,116
Working capital
€545,230▲ 21.9%
2024 · €447,439
In the rankings
#9 oldest company in Charleroi, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€208,847
▲ 21.2%
2025
20182025
Net result
€154,868
▲ 15.5%
2025
middle half of the sector
20182025
Equity
€916,399
▲ 10.2%
2025
middle half of the sector
20182025
Total assets
€1.1m
▲ 12.2%
2025
middle half of the sector
20182025
Debt
€188,939
▲ 22.8%
2025
20182025
Working capital
€545,230
▲ 21.9%
2025
middle half of the sector
20182025
Solvency
82.9%
▼ 1.5pp
2025
highest quarter of the sector
20182025
Current ratio
3.89
▼ 0.02
2025
highest quarter of the sector
20182025
Return on assets (ROA)
14.0%
▲ 0.4pp
2025
highest quarter of the sector
20182025
Staff (FTE)
2
=
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.06m-€0.02m▼ 71.8%€0.06m▲ 255%€0.1m▲ 99.7%€0.08m▼ 35.9%€0.2m▲ 87.2%€0.2m▲ 13.2%€0.2m▲ 21.2%
Net result€0.04m-€0.004m▼ 89.9%€0.04mabove the sector's middle half▲ 901%€0.08mabove the sector's middle half▲ 99.9%€0.05mwithin the sector's middle half▼ 45.4%€0.1mwithin the sector's middle half▲ 117%€0.1mwithin the sector's middle half▲ 33.9%€0.2mwithin the sector's middle half▲ 15.5%
Equity€0.7m-€0.7m▲ 0.6%€0.7mabove the sector's middle half▼ 1.0%€0.8mabove the sector's middle half▲ 6.2%€0.8mwithin the sector's middle half▼ 1.8%€0.8mwithin the sector's middle half▲ 5.6%€0.8mwithin the sector's middle half▲ 4.3%€0.9mwithin the sector's middle half▲ 10.2%
Total assets€1.0m-€0.9m▼ 10.3%€1.0mabove the sector's middle half▲ 4.8%€1.0mabove the sector's middle half▼ 3.4%€1.0mwithin the sector's middle half▲ 7.6%€1.0mwithin the sector's middle half▼ 5.2%€1.0mwithin the sector's middle half▲ 1.3%€1.1mwithin the sector's middle half▲ 12.2%
Debt€0.3m-€0.2m▼ 35.0%€0.3m▲ 25.5%€0.2m▼ 29.8%€0.3m▲ 47.1%€0.2m▼ 35.3%€0.2m▼ 12.0%€0.2m▲ 22.8%
Working capital€0.4m-€0.4m▼ 10.3%€0.4mabove the sector's middle half▲ 2.5%€0.4mabove the sector's middle half▲ 11.4%€0.4mwithin the sector's middle half▲ 5.0%€0.4mwithin the sector's middle half▼ 10.3%€0.4mwithin the sector's middle half▲ 11.9%€0.5mwithin the sector's middle half▲ 21.9%
Solvency69.4%-77.8%▲ 8.4pp73.4%within the sector's middle half▼ 4.4pp80.7%above the sector's middle half▲ 7.3pp73.6%above the sector's middle half▼ 7.1pp82.0%above the sector's middle half▲ 8.4pp84.4%above the sector's middle half▲ 2.4pp82.9%above the sector's middle half▼ 1.5pp
Current ratio3.68-4.32▲ 0.643.10within the sector's middle half▼ 1.214.90within the sector's middle half▲ 1.803.12within the sector's middle half▼ 1.783.29above the sector's middle half▲ 0.173.91above the sector's middle half▲ 0.623.89above the sector's middle half▼ 0.02
Return on assets (ROA)4.0%-0.4%▼ 3.5pp4.3%within the sector's middle half▲ 3.8pp8.9%within the sector's middle half▲ 4.6pp4.5%within the sector's middle half▼ 4.4pp10.3%within the sector's middle half▲ 5.8pp13.6%within the sector's middle half▲ 3.3pp14.0%above the sector's middle half▲ 0.4pp
Staff (FTE)3-3=3above the sector's middle half=2▼ 33.3%2below the sector's middle half=2below the sector's middle half=2below the sector's middle half=2below the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 21% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€371,169 ▼ 3.4%
Current assets
€734,169 ▲ 22.1%
Equity and liabilities €1.1m
Equity
€916,399 ▲ 10.2%
Debt
€188,939 ▲ 22.8%
Debt's share of the balance-sheet total rises from 15.6% to 17.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€221,770▲
2024 · €185,569
Cash flow
€167,791▲
2024 · €147,411
Quick ratio
3.05▲
2024 · 2.75
Debt to equity
0.21▲
2024 · 0.19
ROE
16.9%▲
2024 · 16.1%
Interest coverage
over 100▲
2024 · 96.30
Debt ≤ 1 year
€188,939▲
2024 · €153,874
Income taxes
€73,409▲
2024 · €48,132
Staff costs
€124,853▼
2024 · €125,648
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 2 | 1 |
| full-time | 2 | 2 | 2 | 2 | 1 |
| in full-time equivalents | 2 | 2 | 2 | 2 | 1 |
| Average over the year, in full-time equivalents | 2 | 2 | 2 | 2 | 2 |
| On a permanent contract | 1 | 1 | 1 | 1 | 1 |
| Joined | - | - | - | - | 0 |
| Left | - | - | - | - | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,232 | - | €41,586 | - | - |
| Depreciation and write-downs of the year | €6,673 | €4,702 | €13,688 | €13,295 | €12,923 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €2,500 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €103,281 | €114,735 | €122,526 | €125,648 | €124,853 | ▼ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,128 | €36,040 | €36,374 | €6,673 | €4,702 | €13,688 | €13,295 | €12,923 | ▼ 2.8% |
| Other operating charges640/8 | - | - | - | €5,844 | €3,622 | €2,195 | €4,716 | €2,191 | ▼ 53.5% |
| Gross operating margin9900 | €304,884 | €246,494 | €263,722 | €242,519 | €204,335 | €290,589 | €315,933 | €348,814 | ▲ 10.4% |
| Operating profit (loss)9901 | €63,276 | €17,850 | €63,446 | €126,721 | €81,276 | €152,180 | €172,274 | €208,847 | ▲ 21.2% |
| Financial income75/76B | - | - | - | €1,950 | - | - | €14,166 | €21,248 | ▲ 50.0% |
| Recurring financial income75 | €7,752 | €3,331 | €2,500 | €1,950 | - | - | €14,166 | €21,248 | ▲ 50.0% |
| Financial charges65/66B | - | - | - | €1,831 | €1,956 | €2,094 | €4,192 | €1,818 | ▼ 56.6% |
| Recurring financial charges65 | €4,270 | €4,929 | €1,455 | €1,831 | €1,956 | €2,094 | €1,927 | €1,818 | ▼ 5.7% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €2,265 | - | - |
| Profit (loss) for the period before taxes9903 | €66,758 | €16,252 | €64,491 | €126,840 | €79,320 | €150,086 | €182,248 | €228,277 | ▲ 25.3% |
| Income taxes67/77 | €24,887 | €12,019 | €22,110 | €42,126 | €33,095 | €49,897 | €48,132 | €73,409 | ▲ 52.5% |
| Profit (loss) for the period9904 | €41,871 | €4,233 | €42,381 | €84,714 | €46,225 | €100,189 | €134,116 | €154,868 | ▲ 15.5% |
| Profit (loss) for the period to be appropriated9905 | €41,871 | €4,233 | €42,381 | €84,714 | €46,225 | €100,189 | €134,116 | €154,868 | ▲ 15.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €0.9m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.1m | ▲ 12.2% |
| Fixed assets21/28 | €0.5m | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 3.4% |
| Tangible fixed assets22/27 | €0.07m | €0.04m | €0.01m | €0.007m | €0.002m | €0.03m | €0.02m | €0.004m | ▼ 75.8% |
| Land and buildings22 | - | - | - | €0.003m | €0.002m | €0.006m | €0.005m | €0.003m | ▼ 30.8% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.002m | €0.001m | €85 | ▼ 92.3% |
| Furniture and vehicles24 | - | - | - | €0.004m | €0.001m | €0.02m | €0.01m | €0.001m | ▼ 92.3% |
| Financial fixed assets28 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Current assets29/58 | €0.6m | €0.5m | €0.6m | €0.5m | €0.7m | €0.6m | €0.6m | €0.7m | ▲ 22.1% |
| Amounts receivable after more than one year29 | - | - | - | €0.06m | - | - | - | - | - |
| Other amounts receivable291 | - | - | - | €0.06m | - | - | - | - | - |
| Stocks and contracts in progress3 | €0.07m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 11.5% |
| Stocks30/36 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 11.5% |
| Amounts receivable within one year40/41 | €0.1m | €0.2m | €0.1m | €0.08m | €0.1m | €0.2m | €0.08m | €0.2m | ▲ 202% |
| Trade receivables40 | - | - | - | €0.08m | €0.1m | €0.2m | €0.06m | €0.2m | ▲ 239% |
| Other amounts receivable41 | - | - | - | €0.006m | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 60.2% |
| Current investments50/53 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Cash at bank and in hand54/58 | €0.2m | €0.04m | €0.2m | €0.1m | €0.3m | - | €0.2m | €0.2m | ▼ 2.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €0.9m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.1m | ▲ 12.2% |
| Equity10/15 | €0.7m | €0.7m | €0.7m | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | ▲ 10.2% |
| Contributions10/11 | €0.07m | €0.07m | €0.07m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Issued capital100 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Contributions outside capital11 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Share premium1100/10 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Revaluation surpluses12 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 6.7% |
| Non-distributable reserves130/1 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Legal reserve130 | - | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Own shares acquired1312 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Other1319 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Distributable reserves133 | - | - | - | €0.03m | €0.07m | €0.1m | €0.1m | €0.2m | ▲ 23.1% |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 41.4% |
| Amounts payable17/49 | €0.3m | €0.2m | €0.3m | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | ▲ 22.8% |
| Amounts payable after more than one year17 | €0.2m | €0.1m | €0.08m | €0.07m | €0.06m | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €0.07m | €0.06m | - | - | - | - |
| Amounts payable within one year42/48 | €0.2m | €0.1m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 22.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.005m | - | - | - | - | - |
| Financial debts43 | - | - | - | - | - | €0.02m | - | - | - |
| Other loans439 | - | - | - | - | - | €0.02m | - | - | - |
| Trade debts44 | €0.03m | €0.03m | €0.08m | €0.03m | €0.1m | €0.04m | €0.01m | €0.03m | ▲ 128% |
| Suppliers440/4 | - | - | - | €0.03m | €0.1m | €0.04m | €0.01m | €0.03m | ▲ 128% |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 11.7% |
| Taxes450/3 | - | - | - | €0.06m | €0.09m | €0.1m | €0.1m | €0.1m | ▲ 18.0% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.01m | €0.02m | €0.01m | €0.007m | ▼ 46.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,871 | €4,233 | €42,381 | €84,714 | €46,225 | €100,189 | €134,116 | €154,868 | ▲ 15.5% |
| + Depreciation and write-downs630 | €37,128 | €36,040 | €36,374 | €6,673 | €4,702 | €13,688 | €13,295 | €12,923 | ▼ 2.8% |
| Operating cash flow (approximation) | €78,999 | €40,273 | €78,755 | €91,387 | €50,927 | €113,877 | €147,411 | €167,791 | ▲ 13.8% |
| Investment in fixed assets (approximation) | - | -€13,781 | -€3,630 | -€2,232 | €45,101 | -€41,586 | €0 | €0 | - |
| Change in cash | - | -€147,705 | €111,580 | -€15,948 | €148,721 | - | - | -€5,947 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as TWIN DEVELOPMENT has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TWIN DEVELOPMENT itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for TWIN DEVELOPMENT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 22-07-2026 | 2026-00324230 | |
| 31-12-2024 | full format | 18-07-2025 | 2025-00299011 | |
| 31-12-2023 | full format | 19-08-2024 | 2024-00356642 | |
| 31-12-2022 | full format | 07-06-2023 | 2023-00115129 | |
| 31-12-2021 | micro format | 21-08-2022 | 2022-20306529 | |
| 31-12-2020 | micro format | 09-08-2021 | 2021-46900582 | |
| 31-12-2019 | micro format | 10-09-2020 | 2020-52200477 | |
| 31-12-2018 | micro format | 26-08-2019 | 2019-52200357 | |
| 31-12-2017 | micro format | 23-08-2018 | 2018-48600297 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-48900192 |
Board & ownership
Directors
Directors
2 directors, last change in 2023
Jenard Pierre
Current
Director · listed in the 2025 annual accounts, filed on 22-07-2026
Sprimont Jean Christophe
Current
Director · listed in the 2025 annual accounts, filed on 22-07-2026
Owners and capital
Shareholders
1 ownerOwners 1
- Equity €1.1m Profit of €20,636 in 2023 (profit of €3,831 in 2022)0%
Capital transactions
Capital over time
- 22-11-2023 Capital increase of BEF 1,000,000 · to BEF 2,500,000 · no new shares · from reserves
- 22-11-2023 Capital conversion · BEF 2,500,000
- 22-11-2023 Capital increase of €26.62 · to €62,000 · no new shares · from reserves
- 22-11-2023 Capital increase of €7,598 · to €69,598 · 25 new shares · “création de vingt-cinq actions nouvelles”
Mandate history
5 people, 2 in office
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Jenard Pierre |
|
| Sprimont Jean Christophe |
|
| Monsieur JENARD |
|
| Monsieur SPRIMONT |
|
| E.S.C. |
|
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Pouvoirs liquidateurs, compétents pour toutes opérations prévues par loi sauf décision contraire assemblée générale à majorité voix”
Articles of association, deed of 22-11-2023 (in French)
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- Sourceown accounts 2025Equity €449,525 Profit of €120,082 in 2025 (profit of €147,161 in 2024) Checked score 9428.33%
Companies at the same address
4 other companiesConnections & network
2 current directorsThe network starts from the directors of TWIN DEVELOPMENT. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
22-07
full format · 9 days before the deadline
2025
31-12
Financial
Highest result from 2018 to 2025net €154,868 ▲15.5%
The operating result of €208,847 and the net result of €154,868 are both a record.
18-07
full format · 13 days before the deadline
2024
19-08
full format · 19 days late
2023
22-11
Gazette deed
2 directors appointed, 2 directors resigningResignations: Monsieur JENARD (director) and Monsieur SPRIMONT (director) · Appointments: Monsieur JENARD (director) and Monsieur SPRIMONT (director) · Director discharge16 points ▸
Gazette deed
2 directors appointed, 2 directors resigning
Resignations: Monsieur JENARD (director) and Monsieur SPRIMONT (director) · Appointments: Monsieur JENARD (director) and Monsieur SPRIMONT (director) · Director discharge16 points ▸
- Director resignation, Monsieur JENARD (director)
- Director resignation, Monsieur SPRIMONT (director)
- Director discharge, Monsieur JENARD
- Director discharge, Monsieur SPRIMONT
- Board rule, 2, “assemblée générale” (deed in French)
- Director appointment, Monsieur JENARD (director (not named in the articles))
- Director appointment, Monsieur SPRIMONT (director (not named in the articles))
- Registered office clause, “6041 GOSSELIES,Faubourg de Bruxelles,320” (deed in French)
- General meeting, 07-11-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital, €69,598
- Capital, “BEF 1.500.000” (deed in French)
- The act holds 4 more points.
07-06
full format · 54 days before the deadline
2022
21-08
micro format · 21 days late
03-03
Gazette deed
Resignation: C.S.E. (director)Permanent representative: R. Fichefet · Director discharge4 points ▸
Gazette deed
Resignation: C.S.E. (director)
Permanent representative: R. Fichefet · Director discharge4 points ▸
- General meeting, 15-02-2022
- Director resignation, C.S.E. (director)
- Director discharge, C.S.E.
- Permanent representative, R. Fichefet
2021
09-08
micro format · 9 days late
2020
10-09
micro format · 41 days late
2019
31-12
Financial
Weakest financial yearnet €4,233 ▼89.9%
The net result drops to €4,233, the lowest from 2018 to 2025. It recovers the following year.
26-08
micro format · 26 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
TWIN DEVELOPMENT in French
Enterprise number
0442.082.745
Legal form
Public limited company
Status
Active, normale toestand
Founded
26-11-1990
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 22-11-2023 (in French)Registered office and establishments
Registered office
Faubourg de Bruxelles 320, 6041 Charleroi, Belgium
Establishment unit
Rue des Flaches(GER) 125, 6280 Gerpinnes since 30-11-1990 · unit number 2.050.458.749
Activities
NACEBEL 2025VAT activities
62100
Computer programming main activity
Social security (RSZ) activities
62100
Computer programming main activity
Codes under NACEBEL 2008
VAT activities
62010
Computer programming, consultancy and related activities main activity
Social security (RSZ) activities
62010
Computer programming, consultancy and related activities main activity
Codes under NACEBEL 2003
VAT activities
72220
main activity
Social security (RSZ) activities
72220
main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 22-11-2023 (in French)
“Toutes prestations de services et actes commerciaux notamment…”
4 activities
- Toutes prestations de services et actes commerciaux notamment conseil,étude,formation,recherche,conception,réalisation,installation,développement,promotion,gestion dans les secteurs faisant appel directement ou indirectement à l'électronique notamment la télécommunication,la productique,la robotique,l'informatique,les sciences spatiales
- Offrir,mettre à disposition,louer et vendre tous services et matériels dans le domaine de l'électronique et de l'informatique
- Effectuer ces opérations en Belgique ou l'étranger,en nom et compte propre,mais aussi pour compte de ses ou pour compte de tiers,notamment à titre de commissionnaire
- Effectuer toutes opérations financières,industrielles,commerciales,mobilières et immobilières,économiques,administratives,comptables,sociales,fiscales et juridiques ayant un rapport direct ou indirect avec son objet et s'intéresser par voie de souscription,apport,prise de participation ou autre manière,dans toutes sociétés ou entreprises ayant une activité analogue,connexe ou complémentaire à la sienne,conclure des accord de collaboration,et en général,effectuer toutes opérations de nature à favoriser la réalisation de son objet social
Invoicing and payment
VAT number
BE 0442.082.745
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the addresses
Ground area
1,367 m²
Building footprint
366 m²
Building volume
2,463 m³
Tallest building: 12.7 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52025A0177/00L000 | Wallonia | 1,186 m² | 1 · 194 m² | 7.5 m · 2 |
| 52028A0462/00M003 | Wallonia | 181 m² | 1 · 172 m² | 12.7 m · 3 |