TWIN PAINT
ActiveTWIN PAINT has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €213k and a net result of €6k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 95% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-2
Solvency100=
Growth35▼-25
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 80.85 against 13.15 in 2024; short-term debt: 1.2% and cash: 13.5% of total assets), and 1.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
98.8%
Return on assets
3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €213k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 10 filingsDeviation from the deadline
2025
21 d late
2024
19 d late
2023
47 d late
2022
30 d late
2021
81 d late
2020
30 d late
2019
122 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€76k▼ 62.9%
2020 · €204k
2018: €214k
2019: €193k
2020: €204k
2018 → 2025
EBIT margin
12.7%▼ 108.8pp
2020 · 121.5%
2018: 6.3%
2019: 22.8%
2020: 121.5%
2018 → 2025
Net result
€6k▼ 62.9%
2024 · €17k
2018: €16k
2019: €21k
2020: €160k
2021: €-17k
2022: €-17k
2023: €-68k
2024: €17k
2018 → 2025
Working capital
€204k▼ 2.1%
2024 · €209k
2018: €208k
2019: €238k
2020: €342k
2021: €266k
2022: €259k
2023: €192k
2024: €209k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€76k
Equity€273k-€257k▼ 6.1%€189k▼ 26.3%€206k▲ 9.1%€213k▲ 3.1%
Operating result€-17k-€-14k▲ 18.1%€-48k▼ 238%€22k€10k▼ 56.8%
Net result€-17k-€-17k▲ 3.2%€-68k▼ 306%€17k€6k▼ 62.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 57% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €215k
Fixed assets
€8k▲ 230%
Current assets
€207k▼ 8.4%
Equity and liabilities €215k
Equity
€213k▲ 3.1%
Debt
€3k▼ 88.5%
The debt ratio falls from 9.7% to 1.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12k▼
2024 · €23k
Cash flow
€9k▼
2024 · €18k
Solvency
98.8%▲
2024 · 90.3%
Current ratio
80.85▲
2024 · 13.15
Quick ratio
80.85▲
2024 · 13.15
Debt / equity
0.01▼
2024 · 0.11
ROE
3.0%▼
2024 · 8.4%
ROA
3.0%▼
2024 · 7.5%
Interest coverage
47.12▲
2024 · 11.83
Debt
€3k▼
2024 · €22k
Debt ≤ 1 year
€3k▼
2024 · €17k
Debt > 1 year
€0▼
2024 · €5k
Income taxes
€3k▲
2024 · €3k
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€229k€215k▼
Fixed assets21/28€3k€8k▲
Tangible fixed assets22/27€2k€8k▲
Plant, machinery and equipment23€2k€946▼
Furniture and vehicles24€462€7k▲
Financial fixed assets28€500€500=
Current assets29/58€226k€207k▼
Amounts receivable after more than one year29€168k€168k=
Other amounts receivable291€168k€168k=
Amounts receivable within one year40/41€17k€10k▼
Trade receivables40€16k€7k▼
Other amounts receivable41€1k€3k▲
Cash at bank and in hand54/58€41k€29k▼
Deferred charges and accrued income490/1€269€0▼
Equity and liabilities
Total equity and liabilities10/49€229k€215k▼
Equity10/15€206k€213k▲
Contributions10/11€10k€10k=
Reserves13€189k€195k▲
Tax-exempt reserves132€5k€5k=
Distributable reserves133€183k€190k▲
Profit (loss) carried forward14€8k€8k=
Amounts payable17/49€22k€3k▼
Amounts payable after more than one year17€5k€0▼
Financial debts170/4€5k€0▼
Amounts payable within one year42/48€17k€3k▼
Trade debts44€8k€2k▼
Suppliers440/4€8k€2k▼
Taxes, remuneration and social security45€9k€0▼
Taxes450/3€9k€0▼
Other amounts payable47/48-€437
Income statement
Code20242025
Turnover70-€76k
Goods, raw materials, services and sundry goods60/61-€63k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€842€842▼
Gross operating margin9900€24k€13k▼
Operating profit (loss)9901€22k€10k▼
Financial income75/76B€10€180▲
Recurring financial income75€10€180▲
Financial charges65/66B€2k€256▼
Recurring financial charges65€2k€256▼
Non-recurring financial charges66B€2k-
Profit (loss) for the period before taxes9903€20k€10k▼
Income taxes67/77€3k€3k▲
Profit (loss) for the period9904€17k€6k▼
Profit (loss) for the period to be appropriated9905€17k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€14k▼
Profit (loss) brought forward from the previous period14P€8k€8k=
Transfer to equity691/2€17k€6k▼
To other reserves6921€17k€6k▼
The notes to these accounts (10 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Liquidity times 6current ratio 80.85
Current ratio from 13.15 to 80.85; short-term debt falls from €17k to €3k.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Back to profitnet €17k
Net result €17k after 3 loss-making years.
31-12
Financial
Equity above €200kEq €206k ▲9.1%
Equity rises from €189k to €206k.
16-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 47 days late
2023
31-12
Financial
Weakest financial yearnet €-68k
Net result drops to €-68k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 10.77
Current ratio from 3.88 to 10.77; short-term debt falls from €90k to €20k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
20-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 81 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €160k ▲674%
Operating result €248k, net result €160k, both a record.
31-12
Financial
Equity above €200kEq €346k ▲86%
3 profitable years in a row build equity to €346k.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
07-02
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 191 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Geel · 1 establishment unit since 2004
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.
Heistraat 542440 GeelGround area
340 m²
Building footprint
64 m²
Parcel 13374F0633/00C003, Flanders. Linked by address, not a title deed.
1 establishment unit
TWIN PAINT BVBA
since 20042.146.328.797
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13374F0633/00C003 | Flanders | 340 m² | 1 · 64 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CAMELEON
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CV DECOR
BE 0540.597.430
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MYNCKE DECOR
BE 0473.177.876
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FULL WOOD COLORS
BE 0811.769.145
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MERTENS INTERIEUR
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Of 7,862 companies in sector 43341 we hold annual accounts for 2,664. 2,014 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-10-2004
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
45441
43331Floor and wall tiling
Sources
Crossroads Bank for EnterprisesNational Bank · 21 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.