Twin Projects
Twin Projects has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €128k and a net result of €65k. Equity is growing by ~55.2% per year across the filed fiscal years. Its solvency ranks better than 36% of 939 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
| Equity | €128k |
| Net result | €65k |
| Staff (FTE) | 2 |
| Better than sector | 36% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 33.9% | 45.7% | |
| Net result | €65k | €11k | |
| Equity | €128k | €56k | |
| Gross operating margin | €308k | €43k | |
| Staff costs | €122k | €46k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €181k | €185k | €94k | €41k | €20k |
| Net profit | €65k | €77k | €43k | €6k | €10k |
| Cash flow | €141k | €132k | €75k | €38k | €18k |
| Staff costs | €122k | €109k | €124k | €138k | €4k |
| Income taxes | €31k | €24k | €14k | €24 | €638 |
| Dividends | €55k | €20k | - | - | - |
| Total assets | €379k | €357k | €276k | €204k | €122k |
| Equity | €128k | €119k | €62k | €19k | €13k |
| Debt | €251k | €238k | €214k | €184k | €109k |
| of which ≤ 1y | €130k | €109k | €105k | €87k | €39k |
| of which > 1y | €119k | €127k | €108k | €94k | €69k |
| Working capital | €103k | €95k | €55k | €1k | €6k |
| Employees (FTE) | 2.0 | 1.9 | 2.4 | 2.8 | 1.0 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.79 | 1.88 | 1.53 | 1.01 | 1.16 |
| Quick ratio | 1.79 | 1.88 | 1.53 | 1.01 | 1.16 |
| Working capital ratio | 27.1% | 26.7% | 20.1% | 0.5% | 5.1% |
| Solvency | 33.9% | 33.2% | 22.5% | 9.4% | 10.7% |
| Debt / equity | 1.95 | 2.01 | 3.45 | 9.63 | 8.34 |
| Long-term debt ratio | 0.93 | 1.07 | 1.74 | 4.90 | 5.29 |
| Interest coverage | 19.35 | 6.43 | 16.87 | 13.18 | 12.33 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 17.1% | 21.5% | 15.5% | 3.0% | 8.2% |
| ROE | 50.5% | 64.6% | 69.1% | 31.9% | 77.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €379k | €357k | €276k | €204k | €122k |
| Fixed assets | 21/28 | €146k | €153k | €115k | €115k | €77k |
| Tangible fixed assets | 22/27 | €146k | €152k | €113k | €113k | €76k |
| Financial fixed assets | 28 | €750 | €750 | €2k | €2k | €750 |
| Current assets | 29/58 | €233k | €204k | €160k | €88k | €45k |
| Amounts receivable within one year | 40/41 | €73k | €75k | €94k | €82k | €27k |
| Cash & bank | 54/58 | €157k | €125k | €66k | €5k | €18k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €379k | €357k | €276k | €204k | €122k |
| Equity | 10/15 | €128k | €119k | €62k | €19k | €13k |
| Contributions / capital | 10/11 | €3k | €3k | €3k | €3k | €3k |
| Reserves | 13 | €124k | €115k | €58k | €16k | €10k |
| Accumulated profits (losses) | 14 | €2k | €672 | €580 | €546 | €543 |
| Amounts payable | 17/49 | €251k | €238k | €214k | €184k | €109k |
| Amounts payable after one year | 17 | €119k | €127k | €108k | €94k | €69k |
| Amounts payable within one year | 42/48 | €130k | €109k | €105k | €87k | €39k |
| Trade debts payable within one year | 44 | €9k | €7k | €26k | €21k | €7k |
| Income statement | ||||||
| Gross operating margin | 9900 | €308k | €297k | €228k | €182k | €26k |
| Operating result | 9901 | €104k | €129k | €63k | €9k | €12k |
| Financial income | 75 | €619 | €327 | €53 | €0 | - |
| Financial charges | 65 | €9k | €29k | €6k | €3k | €2k |
| Result before taxes | 9903 | €95k | €101k | €57k | €6k | €11k |
| Income taxes | 67/77 | €31k | €24k | €14k | €24 | €638 |
| Net result for the period | 9904 | €65k | €77k | €43k | €6k | €10k |
| Result to be appropriated | 9905 | €65k | €77k | €43k | €6k | €10k |
| NACE primary | Construction of utility projects for electricity and telecommunications(42220) |
| Legal form | Private limited company(610) |
| Incorporation | 25-02-2021 |
| Status | Active |
| Postal code | 8510 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0139/00H032 | Flanders | 622 m² | 1 · 270 m² | 10.9 m · 1 fl. |
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.
28-03-2023 Registered office moved from Kortrijk to Marke
- Walle 81, 8500 Kortrijk → Markekerkstraat 39, 8510 Marke
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Markekerkstraat 39, 8510 Marke",
"city": "Marke",
"region": "vlaams_gewest",
"street": "Markekerkstraat",
"country": "BE",
"postcode": "8510",
"box_number": null,
"street_number": "39",
"locality_suffix": null
},
"old_address": {
"raw": "Walle 81, 8500 Kortrijk",
"city": "Kortrijk",
"region": "vlaams_gewest",
"street": "Walle",
"country": "BE",
"postcode": "8500",
"box_number": null,
"street_number": "81",
"locality_suffix": null
},
"effective_date": "2023-02-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": null,
"filing_date": "2023-02-28",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2023-02-28",
"unanimous": null
},
"subject_company": {
"kbo": "0764.360.394",
"name_full": "Twin Projects",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": "0444.895.646",
"org_name": "Bofisc Tax \u0026 Legal",
"person_name": "Xavier Pattyn",
"org_rep_person_name": "Xavier Pattyn",
"person_role_at_subject": "bestuurder"
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad"
]
}| Legal nameNL | Twin Projects |