Twin Flames
ActiveSummary
Twin Flames is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€28,361) and a net result of -€7,077. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 9872 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9872 sector peers (2024).
NBB · sector comparisonPosition among 9872 sector peers
Solvency
better than 5%
← weakest
strongest →
lowers risk · Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
NBB · annual accounts 2024Net result per financial year
2122232425
2021 to 2025 · latest year -€7,077
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 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 · 5 filingsDeviation from the deadline
2025
59 d late
2024
57 d late
2023
29 d late
2022
31 d late
2021
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 40 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€28,361▼ 33.3%
2024 · -€21,284
Net result
-€7,077
2024 · €473
Total assets
€108,952▼ 39.3%
2024 · €179,632
Solvency
-26.0%▼ 14.2pp
2024 · -11.8%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€19,762--€3,206▲ 83.8%€1,503€966▼ 35.7%-€6,693
Net result-€19,923below the sector's middle half--€3,552below the sector's middle half▲ 82.2%€719below the sector's middle half€473below the sector's middle half▼ 34.3%-€7,077
Equity-€18,923below the sector's middle half--€22,475below the sector's middle half▼ 18.8%-€21,757below the sector's middle half▲ 3.2%-€21,284below the sector's middle half▲ 2.2%-€28,361▼ 33.3%
Total assets€18,124below the sector's middle half-€11,384below the sector's middle half▼ 37.2%€124,242below the sector's middle half▲ 991%€179,632within the sector's middle half▲ 44.6%€108,952▼ 39.3%
Debt€37,047-€33,859▼ 8.6%€145,999▲ 331%€200,916▲ 37.6%€137,313▼ 31.7%
Working capital-€23,215within the sector's middle half--€25,578within the sector's middle half▼ 10.2%-€125,339within the sector's middle half▼ 390%-€128,298below the sector's middle half▼ 2.4%-€134,421▼ 4.8%
Solvency-104.4%below the sector's middle half--197.4%below the sector's middle half▼ 93.0pp-17.5%below the sector's middle half▲ 179.9pp-11.8%below the sector's middle half▲ 5.7pp-26.0%▼ 14.2pp
Current ratio0.37within the sector's middle half-0.24below the sector's middle half▼ 0.130.14below the sector's middle half▼ 0.100.36below the sector's middle half▲ 0.220.02▼ 0.34
Return on assets (ROA)-109.9%below the sector's middle half--31.2%below the sector's middle half▲ 78.7pp0.6%within the sector's middle half▲ 31.8pp0.3%below the sector's middle half▼ 0.3pp-6.5%▼ 6.8pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6,693 after €966 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108,952
Fixed assets
€106,060 ▼ 0.9%
Current assets
€2,891 ▼ 96.0%
Key figures and ratios
Debt ≤ 1 year
€137,313▼
2024 · €200,916
Income taxes
€356▼
2024 · €388
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €990 | €1,189 | €1,378 | €17,118 | €3,609 | ▼ 78.9% |
| Other operating charges640/8 | - | €222 | €132 | €141 | €144 | ▲ 2.6% |
| Gross operating margin9900 | -€18,772 | -€1,795 | €3,012 | €18,225 | -€2,940 | ▼ 116% |
| Operating profit (loss)9901 | -€19,762 | -€3,206 | €1,503 | €966 | -€6,693 | ▼ 793% |
| Financial income75/76B | €0 | - | €86 | €0 | €42 | ▲ 421,300% |
| Recurring financial income75 | €0 | - | €86 | €0 | €42 | ▲ 421,300% |
| Financial charges65/66B | €161 | €347 | €589 | €105 | €70 | ▼ 33.4% |
| Recurring financial charges65 | €161 | €347 | €589 | €105 | €70 | ▼ 33.4% |
| Profit (loss) for the period before taxes9903 | -€19,923 | -€3,552 | €1,000 | €861 | -€6,721 | ▼ 881% |
| Income taxes67/77 | - | - | €281 | €388 | €356 | ▼ 8.2% |
| Profit (loss) for the period9904 | -€19,923 | -€3,552 | €719 | €473 | -€7,077 | ▼ 1,598% |
| Profit (loss) for the period to be appropriated9905 | -€19,923 | -€3,552 | €719 | €473 | -€7,077 | ▼ 1,598% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,124 | €11,384 | €124,242 | €179,632 | €108,952 | ▼ 39.3% |
| Fixed assets21/28 | €4,292 | €3,103 | €103,895 | €107,014 | €106,060 | ▼ 0.9% |
| Tangible fixed assets22/27 | €4,292 | €3,103 | €103,895 | €107,014 | €106,060 | ▼ 0.9% |
| Land and buildings22 | - | - | - | €18,789 | €19,490 | ▲ 3.7% |
| Plant, machinery and equipment23 | €2,041 | €1,574 | €1,627 | €1,042 | €456 | ▼ 56.2% |
| Furniture and vehicles24 | €2,251 | €1,529 | €102,268 | €87,184 | €86,113 | ▼ 1.2% |
| Current assets29/58 | €13,832 | €8,281 | €20,347 | €72,618 | €2,891 | ▼ 96.0% |
| Amounts receivable within one year40/41 | €8,766 | €1,872 | €19,318 | €72,426 | €1,800 | ▼ 97.5% |
| Trade receivables40 | €5,000 | - | - | €38,739 | €1,648 | ▼ 95.7% |
| Other amounts receivable41 | €3,766 | €1,872 | €19,318 | €33,687 | €152 | ▼ 99.5% |
| Cash at bank and in hand54/58 | €5,066 | €6,410 | €1,029 | €191 | €1,092 | ▲ 470% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,124 | €11,384 | €124,242 | €179,632 | €108,952 | ▼ 39.3% |
| Equity10/15 | -€18,923 | -€22,475 | -€21,757 | -€21,284 | -€28,361 | ▼ 33.3% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€19,923 | -€23,475 | -€22,757 | -€22,284 | -€29,361 | ▼ 31.8% |
| Amounts payable17/49 | €37,047 | €33,859 | €145,999 | €200,916 | €137,313 | ▼ 31.7% |
| Amounts payable within one year42/48 | €37,047 | €33,859 | €145,686 | €200,916 | €137,313 | ▼ 31.7% |
| Trade debts44 | €971 | €1,647 | €17,363 | €30,453 | €2,912 | ▼ 90.4% |
| Suppliers440/4 | €971 | €1,647 | €17,363 | €30,453 | €2,912 | ▼ 90.4% |
| Taxes, remuneration and social security45 | €960 | €1,125 | €298 | €10,594 | €724 | ▼ 93.2% |
| Taxes450/3 | €960 | €1,125 | €298 | €10,594 | €724 | ▼ 93.2% |
| Other amounts payable47/48 | €35,116 | €31,088 | €128,025 | €159,868 | €133,677 | ▼ 16.4% |
| Accrued charges and deferred income492/3 | - | - | €313 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,923 | -€3,552 | €719 | €473 | -€7,077 | ▼ 1,598% |
| + Depreciation and write-downs630 | €990 | €1,189 | €1,378 | €17,118 | €3,609 | ▼ 78.9% |
| Operating cash flow (approximation) | -€18,933 | -€2,363 | €2,097 | €17,591 | -€3,468 | ▼ 120% |
| Investment in fixed assets (approximation) | - | €0 | -€102,170 | -€20,237 | -€2,655 | ▲ 86.9% |
| Change in cash | - | €1,343 | -€5,380 | -€838 | €900 | ▲ 207% |
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
28-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 59 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Back to profitnet €719
Net result €719 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lochristi · 1 establishment unit since 2020
Ground area
3,066 m²
Building footprint
381 m²
Parcel 44034C0419/00C002, Flanders. Linked by address, not a title deed.
1 establishment unit
Twin Flames
since 20202.307.267.536
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44034C0419/00C002 | Flanders | 3,066 m² | 1 · 381 m² | - |
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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
50100Water transport
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0754743142
Registered
05-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.