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 2024 annual accounts show negative equity (-€21,284) and a net result of €473. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 5% of 9871 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
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9871 sector peers (2024).
NBB · sector comparisonPosition among 9871 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 4 filingsDeviation from the deadline
2025
not confirmed
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 4 accounts on average 36 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€21,284▲ 2.2%
2023 · -€21,757
Net result
€473▼ 34.3%
2023 · €719
Total assets
€179,632▲ 44.6%
2023 · €124,242
Solvency
-11.8%▲ 5.7pp
2023 · -17.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result-€19,762--€3,206▲ 83.8%€1,503€966▼ 35.7%
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%
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%
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%
Debt€37,047-€33,859▼ 8.6%€145,999▲ 331%€200,916▲ 37.6%
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%
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
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▲ 0.22
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
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 falls in 2024; 2024 is 36% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €179,632
Fixed assets
€107,014 ▲ 3.0%
Current assets
€72,618 ▲ 257%
Key figures and ratios
Debt ≤ 1 year
€200,916▲
2023 · €145,686
Income taxes
€388▲
2023 · €281
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €990 | €1,189 | €1,378 | €17,118 | ▲ 1,142% |
| Other operating charges640/8 | - | €222 | €132 | €141 | ▲ 6.7% |
| Gross operating margin9900 | -€18,772 | -€1,795 | €3,012 | €18,225 | ▲ 505% |
| Operating profit (loss)9901 | -€19,762 | -€3,206 | €1,503 | €966 | ▼ 35.7% |
| Financial income75/76B | €0 | - | €86 | €0 | ▼ 100.0% |
| Recurring financial income75 | €0 | - | €86 | €0 | ▼ 100.0% |
| Financial charges65/66B | €161 | €347 | €589 | €105 | ▼ 82.2% |
| Recurring financial charges65 | €161 | €347 | €589 | €105 | ▼ 82.2% |
| Profit (loss) for the period before taxes9903 | -€19,923 | -€3,552 | €1,000 | €861 | ▼ 13.9% |
| Income taxes67/77 | - | - | €281 | €388 | ▲ 38.1% |
| Profit (loss) for the period9904 | -€19,923 | -€3,552 | €719 | €473 | ▼ 34.3% |
| Profit (loss) for the period to be appropriated9905 | -€19,923 | -€3,552 | €719 | €473 | ▼ 34.3% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €18,124 | €11,384 | €124,242 | €179,632 | ▲ 44.6% |
| Fixed assets21/28 | €4,292 | €3,103 | €103,895 | €107,014 | ▲ 3.0% |
| Tangible fixed assets22/27 | €4,292 | €3,103 | €103,895 | €107,014 | ▲ 3.0% |
| Land and buildings22 | - | - | - | €18,789 | - |
| Plant, machinery and equipment23 | €2,041 | €1,574 | €1,627 | €1,042 | ▼ 36.0% |
| Furniture and vehicles24 | €2,251 | €1,529 | €102,268 | €87,184 | ▼ 14.7% |
| Current assets29/58 | €13,832 | €8,281 | €20,347 | €72,618 | ▲ 257% |
| Amounts receivable within one year40/41 | €8,766 | €1,872 | €19,318 | €72,426 | ▲ 275% |
| Trade receivables40 | €5,000 | - | - | €38,739 | - |
| Other amounts receivable41 | €3,766 | €1,872 | €19,318 | €33,687 | ▲ 74.4% |
| Cash at bank and in hand54/58 | €5,066 | €6,410 | €1,029 | €191 | ▼ 81.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €18,124 | €11,384 | €124,242 | €179,632 | ▲ 44.6% |
| Equity10/15 | -€18,923 | -€22,475 | -€21,757 | -€21,284 | ▲ 2.2% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€19,923 | -€23,475 | -€22,757 | -€22,284 | ▲ 2.1% |
| Amounts payable17/49 | €37,047 | €33,859 | €145,999 | €200,916 | ▲ 37.6% |
| Amounts payable within one year42/48 | €37,047 | €33,859 | €145,686 | €200,916 | ▲ 37.9% |
| Trade debts44 | €971 | €1,647 | €17,363 | €30,453 | ▲ 75.4% |
| Suppliers440/4 | €971 | €1,647 | €17,363 | €30,453 | ▲ 75.4% |
| Taxes, remuneration and social security45 | €960 | €1,125 | €298 | €10,594 | ▲ 3,456% |
| Taxes450/3 | €960 | €1,125 | €298 | €10,594 | ▲ 3,456% |
| Other amounts payable47/48 | €35,116 | €31,088 | €128,025 | €159,868 | ▲ 24.9% |
| Accrued charges and deferred income492/3 | - | - | €313 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,923 | -€3,552 | €719 | €473 | ▼ 34.3% |
| + Depreciation and write-downs630 | €990 | €1,189 | €1,378 | €17,118 | ▲ 1,142% |
| Operating cash flow (approximation) | -€18,933 | -€2,363 | €2,097 | €17,591 | ▲ 739% |
| Investment in fixed assets (approximation) | - | €0 | -€102,170 | -€20,237 | ▲ 80.2% |
| Change in cash | - | €1,343 | -€5,380 | -€838 | ▲ 84.4% |
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
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 24,729 companies in sector 64210 we hold annual accounts for 19,800. 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 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.