TWIN TECH
ActiveSummary
TWIN TECH has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.38M and a net result of €537k. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 41% of 80 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+4
Solvency66▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330k at 30 days acceptable
Liquidity ample (current ratio 3.87 against 3.01 in 2024; short-term debt: 9.4% and cash: 15% of total assets), but 58.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
41.3%
Return on assets
5.1%
Age of the figures
9 mo
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Manufacture of motor vehicles, trailers and semi-trailers (NACE 29)
about 8% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
9 d early
2023
21 d early
2022
on the day
2021
11 d early
2020
151 d early
2019
42 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.38M▲ 14.0%
2024 · €3.84M
2018: €451klowest in 8 years
2019: €815k▲ +80.5% vs 2018
2020: €1.64M▲ +101% vs 2019
2021: €2.41M▲ +47.0% vs 2020
2022: €3.39M▲ +41.0% vs 2021
2023: €3.65M▲ +7.7% vs 2022
2024: €3.84M▲ +5.2% vs 2023
2025: €4.38M▲ +14.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€10.60M=
2024 · €10.61M
2018: €925klowest in 8 years
2019: €1.23M▲ +33.4% vs 2018
2020: €2.12M▲ +71.9% vs 2019
2021: €10.27M▲ +384% vs 2020
2022: €10.90M▲ +6.1% vs 2021highest in 8 years
2023: €10.53M▼ -3.3% vs 2022
2024: €10.61M▲ +0.7% vs 2023
2025: €10.60M● -0.0% vs 2024
2018 → 2025
Net result
€537k▲ 183%
2024 · €190k
2018: €239k
2019: €363k▲ +52.1% vs 2018
2020: €897k▲ +147% vs 2019
2021: €769k▼ -14.2% vs 2020
2022: €987k▲ +28.3% vs 2021highest in 8 years
2023: €262k▼ -73.5% vs 2022
2024: €190k▼ -27.6% vs 2023lowest in 8 years
2025: €537k▲ +183% vs 2024
2018 → 2025
Working capital
€2.85M▲ 20.3%
2024 · €2.37M
2018: €366klowest in 8 years
2019: €710k▲ +94.1% vs 2018
2020: €1.44M▲ +102% vs 2019
2021: €1.56M▲ +8.6% vs 2020
2022: €2.15M▲ +37.7% vs 2021
2023: €2.19M▲ +1.9% vs 2022
2024: €2.37M▲ +8.4% vs 2023
2025: €2.85M▲ +20.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.41M-€3.39M▲ 41.0%€3.65M▲ 7.7%€3.84M▲ 5.2%€4.38M▲ 14.0%
2021: €2.41Mlowest in 5 years
2022: €3.39M▲ +41.0% vs 2021
2023: €3.65M▲ +7.7% vs 2022
2024: €3.84M▲ +5.2% vs 2023
2025: €4.38M▲ +14.0% vs 2024highest in 5 years
Operating result€860k-€1.11M▲ 28.5%€378k▼ 65.8%€300k▼ 20.4%€633k▲ 111%
2021: €860k
2022: €1.11M▲ +28.5% vs 2021highest in 5 years
2023: €378k▼ -65.8% vs 2022
2024: €300k▼ -20.4% vs 2023lowest in 5 years
2025: €633k▲ +111% vs 2024
Net result€769k-€987k▲ 28.3%€262k▼ 73.5%€190k▼ 27.6%€537k▲ 183%
2021: €769k
2022: €987k▲ +28.3% vs 2021highest in 5 years
2023: €262k▼ -73.5% vs 2022
2024: €190k▼ -27.6% vs 2023lowest in 5 years
2025: €537k▲ +183% vs 2024
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 recovers in 2025; 2025 is 111% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.60M
Fixed assets
€6.76M ▼ 4.2%
Current assets
€3.84M ▲ 8.2%
Equity and liabilities €10.60M
Equity
€4.38M ▲ 14.0%
Debt
€6.22M ▼ 8.0%
Debt's share of the balance-sheet total falls from 63.8% to 58.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.14M▲
2024 · €790k
Cash flow
€1.04M▲
2024 · €680k
Current ratio
3.87▲
2024 · 3.01
Quick ratio
2.32▲
2024 · 1.67
Debt to equity
1.42▼
2024 · 1.76
ROE
12.3%▲
2024 · 4.9%
ROA
5.1%▲
2024 · 1.8%
Interest coverage
9.61▲
2024 · 6.37
Debt ≤ 1 year
€993k▼
2024 · €1.18M
Debt > 1 year
€5.22M▼
2024 · €5.56M
Income taxes
€284▼
2024 · €3k
Staff costs
€753k▲
2024 · €714k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€10.61M€10.60M=
Fixed assets21/28€7.05M€6.76M▼
Intangible fixed assets21€167k€269k▲
Tangible fixed assets22/27€6.89M€6.49M▼
Plant, machinery and equipment23€277k€198k▼
Furniture and vehicles24€83k€80k▼
Leasing and similar rights25€6.33M€6.04M▼
Other tangible fixed assets26€194k€177k▼
Financial fixed assets28€135€135=
Current assets29/58€3.55M€3.84M▲
Stocks and contracts in progress3€1.58M€1.54M▼
Stocks30/36€1.58M€1.54M▼
Amounts receivable within one year40/41€720k€692k▼
Trade receivables40€716k€692k▼
Other amounts receivable41€3k€0▼
Cash at bank and in hand54/58€1.11M€1.59M▲
Deferred charges and accrued income490/1€150k€23k▼
Equity and liabilities
Total equity and liabilities10/49€10.61M€10.60M=
Equity10/15€3.84M€4.38M▲
Contributions10/11€57k€57k=
Reserves13€3.79M€4.32M▲
Distributable reserves133€3.79M€4.32M▲
Amounts payable17/49€6.76M€6.22M▼
Amounts payable after more than one year17€5.56M€5.22M▼
Financial debts170/4€5.56M€5.22M▼
Other amounts payable178/9€6k€6k=
Amounts payable within one year42/48€1.18M€993k▼
Current portion of amounts payable after more than one year42€419k€423k▲
Trade debts44€590k€328k▼
Suppliers440/4€590k€328k▼
Taxes, remuneration and social security45€130k€157k▲
Taxes450/3€46k€70k▲
Remuneration and social security454/9€85k€86k▲
Other amounts payable47/48€42k€84k▲
Accrued charges and deferred income492/3€16k€7k▼
Income statement
Code20242025
Non-recurring operating income76A-€1k
Remuneration, social security and pensions62€714k€753k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€490k€503k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€-24k▼
Other operating charges640/8€29k€30k▲
Non-recurring operating charges66A€0€53k▲
Gross operating margin9900€1.53M€1.95M▲
Operating profit (loss)9901€300k€633k▲
Financial income75/76B€17k€23k▲
Recurring financial income75€17k€23k▲
Financial charges65/66B€124k€118k▼
Recurring financial charges65€124k€118k▼
Profit (loss) for the period before taxes9903€193k€538k▲
Income taxes67/77€3k€284▼
Profit (loss) for the period9904€190k€537k▲
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€190k€537k▲
Appropriation of the result
Profit (loss) to be appropriated9906€190k€537k▲
Transfer to equity691/2€190k€537k▲
To other reserves6921€190k€537k▲
Social balance
Average headcount (FTE)908711.613.4▲
The notes to these accounts (31 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €676 | - | - | - | €1k | - |
| Remuneration, social security and pensions62 | €394k | €602k | €652k | €714k | €753k | ▲ 5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €267k | €439k | €488k | €490k | €503k | ▲ 2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €35k | €-11k | €0 | €-24k | - |
| Other operating charges640/8 | €3k | €27k | €28k | €29k | €30k | ▲ 1.9% |
| Non-recurring operating charges66A | - | €4k | €122 | €0 | €53k | - |
| Gross operating margin9900 | €1.52M | €2.21M | €1.53M | €1.53M | €1.95M | ▲ 27.0% |
| Operating profit (loss)9901 | €860k | €1.11M | €378k | €300k | €633k | ▲ 111% |
| Financial income75/76B | €14k | €17k | €9k | €17k | €23k | ▲ 38.8% |
| Recurring financial income75 | €14k | €17k | €9k | €17k | €23k | ▲ 38.8% |
| Financial charges65/66B | €105k | €135k | €124k | €124k | €118k | ▼ 4.7% |
| Recurring financial charges65 | €105k | €135k | €124k | €124k | €118k | ▼ 4.7% |
| Profit (loss) for the period before taxes9903 | €770k | €988k | €263k | €193k | €538k | ▲ 178% |
| Income taxes67/77 | €670 | €719 | €790 | €3k | €284 | ▼ 91.7% |
| Profit (loss) for the period9904 | €769k | €987k | €262k | €190k | €537k | ▲ 183% |
| Transfer from tax-exempt reserves789 | - | - | €41 | €0 | - | - |
| Transfer to tax-exempt reserves689 | - | €41 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €769k | €987k | €262k | €190k | €537k | ▲ 183% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.27M | €10.90M | €10.53M | €10.61M | €10.60M | = |
| Fixed assets21/28 | €7.85M | €7.66M | €7.41M | €7.05M | €6.76M | ▼ 4.2% |
| Intangible fixed assets21 | €113k | €129k | €176k | €167k | €269k | ▲ 61.0% |
| Tangible fixed assets22/27 | €7.72M | €7.53M | €7.24M | €6.89M | €6.49M | ▼ 5.7% |
| Plant, machinery and equipment23 | €300k | €268k | €292k | €277k | €198k | ▼ 28.8% |
| Furniture and vehicles24 | €136k | €138k | €112k | €83k | €80k | ▼ 3.8% |
| Leasing and similar rights25 | €7.22M | €6.92M | €6.63M | €6.33M | €6.04M | ▼ 4.7% |
| Other tangible fixed assets26 | €68k | €198k | €204k | €194k | €177k | ▼ 8.5% |
| Financial fixed assets28 | €10k | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €2.42M | €3.24M | €3.12M | €3.55M | €3.84M | ▲ 8.2% |
| Stocks and contracts in progress3 | €1.29M | €2.04M | €1.55M | €1.58M | €1.54M | ▼ 2.2% |
| Stocks30/36 | €1.29M | €2.04M | €1.55M | €1.58M | €1.54M | ▼ 2.2% |
| Amounts receivable within one year40/41 | €410k | €551k | €514k | €720k | €692k | ▼ 3.9% |
| Trade receivables40 | €309k | €545k | €509k | €716k | €692k | ▼ 3.4% |
| Other amounts receivable41 | €100k | €5k | €5k | €3k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €709k | €632k | €875k | €1.11M | €1.59M | ▲ 43.5% |
| Deferred charges and accrued income490/1 | €9k | €21k | €183k | €150k | €23k | ▼ 84.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.27M | €10.90M | €10.53M | €10.61M | €10.60M | = |
| Equity10/15 | €2.41M | €3.39M | €3.65M | €3.84M | €4.38M | ▲ 14.0% |
| Contributions10/11 | €57k | €57k | €57k | €57k | €57k | = |
| Reserves13 | €2.35M | €3.34M | €3.60M | €3.79M | €4.32M | ▲ 14.2% |
| Tax-exempt reserves132 | - | €41 | €0 | - | - | - |
| Distributable reserves133 | €2.35M | €3.34M | €3.60M | €3.79M | €4.32M | ▲ 14.2% |
| Amounts payable17/49 | €7.86M | €7.50M | €6.88M | €6.76M | €6.22M | ▼ 8.0% |
| Amounts payable after more than one year17 | €7.00M | €6.41M | €5.93M | €5.56M | €5.22M | ▼ 6.1% |
| Financial debts170/4 | €7.00M | €6.41M | €5.93M | €5.56M | €5.22M | ▼ 6.1% |
| Other amounts payable178/9 | - | - | €6k | €6k | €6k | = |
| Amounts payable within one year42/48 | €859k | €1.09M | €934k | €1.18M | €993k | ▼ 16.0% |
| Current portion of amounts payable after more than one year42 | €411k | €411k | €415k | €419k | €423k | ▲ 1.0% |
| Trade debts44 | €366k | €447k | €292k | €590k | €328k | ▼ 44.4% |
| Suppliers440/4 | €366k | €447k | €292k | €590k | €328k | ▼ 44.4% |
| Taxes, remuneration and social security45 | €38k | €172k | €158k | €130k | €157k | ▲ 20.3% |
| Taxes450/3 | €2k | €96k | €76k | €46k | €70k | ▲ 54.7% |
| Remuneration and social security454/9 | €37k | €76k | €82k | €85k | €86k | ▲ 1.8% |
| Other amounts payable47/48 | €43k | €63k | €68k | €42k | €84k | ▲ 101% |
| Accrued charges and deferred income492/3 | €365 | €370 | €13k | €16k | €7k | ▼ 55.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €769k | €987k | €262k | €190k | €537k | ▲ 183% |
| + Depreciation and write-downs630 | €267k | €439k | €488k | €490k | €503k | ▲ 2.7% |
| Operating cash flow (approximation) | €1.04M | €1.43M | €749k | €680k | €1.04M | ▲ 53.1% |
| Investment in fixed assets (approximation) | - | €-249k | €-242k | €-132k | €-209k | ▼ 58.8% |
| Change in cash | - | €-77k | €243k | €233k | €482k | ▲ 107% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €190k ▼27.6%
Net result drops to €190k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €987k ▲28.3%
Operating result €1.11M, net result €987k, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €2MEq €2.41M ▲47%
4 profitable years in a row build equity to €2.41M.
02-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €1MEq €1.64M ▲101%
3 profitable years in a row build equity to €1.64M.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €815k ▲80.5%
2 profitable years in a row build equity to €815k.
Show earlier events
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 21 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Deinze · 1 establishment unit since 2011
Ground area
1.0 ha
Building footprint
6,323 m²
Volume, LiDAR
122 m³
Parcel 44054A0179/00X002, Flanders · tallest building 1.7 m. Linked by address, not a title deed.
1 establishment unit
TWIN TECH
since 20112.203.184.754
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054A0179/00X002 | Flanders | 1.0 ha | 1 · 6,323 m² | 1.7 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 11 entries · 45,862 EUR awarded · 44,906 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 8,065 EUR | 8,065 EUR |
| 2024 | 3 | 7,601 EUR | 19,406 EUR |
| 2023 | 2 | 9,711 EUR | 9,711 EUR |
| 2022 | 4 | 20,485 EUR | 7,724 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidies laadpalen (Relance)
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 130 companies in sector 29202 we hold annual accounts for 85. 43 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
29202Manufacture of motor vehicles, trailers and semi-trailers
46713Wholesale trade
Contact
Website
www.twintrailer.be
E-mail
info@twintrailer.be
Scores and ratios are computed by Checked and are not a credit decision.