Equity
€4.4m ▲ 14.0%
TWIN TECH has made a profit without a break since 2013.
TWIN TECH
Lifetime
14 annual accounts with figures on one time axispeak €2.2m (2022)
€1.9m▲ 27.0%
lowest -€18,326 (2012)
€537,422▲ 183%
peak €4.4m (2025)
€4.4m▲ 14.0%
€6.2m▼ 8.0%
peak 13.4 FTE (2025)
13.4 FTE▲ 15.5%
Board4 names since 2020
1 director2Evolve BV
Owners
Documentsfilings and deeds
02-07-202629 days before the deadline
2025abbreviated format
Gross margin from €1.5m to €1.9mResult from €189,720 to €537,422Staff from 11.6 FTE to 13.4 FTEEquity from €3.8m to €4.4mCash from €1.1m to €1.6m
Key points
from the 2025 annual accountsResult
€537,422 ▲ 183%
The result rose in 2025 from €189,720 to €537,422.
Turnover
≈ €3.4m estimated
The accounts state no turnover.
Staff
15 employees on 31-12-2025
In 2025, 3 people joined and 1 left.
Filings
14 annual accounts since 2012
The 2017 accounts came 21 days late. The other nine of the last ten were filed on time.
Position in the sector
€4.4m
More equity than 95% of companies in motor vehicles. Sector median €390,893 · 97 companies.
Checked score
96
Excellent
Financially stronger than 65% of small companies in motor vehicles (NACE 29)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 60 companies (NACE 29, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.2%▲ +0.1 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025highest value
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: < 0.1%▼ -0.2 percentage points vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 3.87, cash €1.6m
Figures for financial year 2025 (filed on 02-07-2026)
Size: 13.4 FTE, total assets €10.6m
Founded in 2011
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 29, small). It does better than 47% of them on solvency, 88% on liquidity, 55% on profitability and 69% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as TWIN TECH has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of TWIN TECH itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for TWIN TECH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €420,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.87 (3.01 in 2024), above the usual 1.5. Short-term debt is 9.4% and cash 15% of total assets. However, 58.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 days early
2024
9 days early
2023
21 days early
2022
on the day
2021
11 days early
2020
151 days early
2019
42 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 38 days before the deadline. In the sector (NACE 29), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0840085425
Environmental permit granted
Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Deinze
Registered office moved from Zulte to Deinze
New registered office: Industrielaan 2, 9800 Deinze · Previous registered office: Processiestraat 35, 9870 Zulte · Permanent representative: De Rycke Stefan · Board meeting of 15-06-2021 · Gazette deed
New director
2Evolve BV appointed, DE RYCKE, Stefan Koen resigned · Permanent representative: DE RYCKE, Stefan Koen · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TWIN TECH Deinze | €10.6m | €1.9m | 41.3% | 13.4 |
| ALCOMET Lokeren | €4.8m | €1.5m | 56.8% | 7.4 |
| Syma Aanhangwagenbouw Lommel | €3.3m | €1.3m | 28.9% | 11.6 |
| A & C NOYENS Olen | €3.4m | €2.6m | 74.5% | 16 |
| BAETENS - EKSAARDE Lokeren | €2.9m | €1.9m | 90.0% | 17.1 |
| B-TRAILERS La Calamine | €4.8m | €1.2m | 32.8% | 14.6 |
| GHEYSEN EN VERPOORT Menen | €7.5m | €2.2m | 89.5% | 25.8 |
These companies have the same main activity as TWIN TECH: manufacture of trailers and semi-trailers (NACE 29202). They are comparable in size and age: total assets between €2.9m and €7.5m, founded between 1987 and 2018.
Official details
Source: KBO- Status
- Active since 07-10-2011Normal situation
- Activity
- Manufacture of trailers and semi-trailersNACE 29202and 1 other
- Joint committee
- 209White-collar workers in metal manufacturing · annual accounts 2025
- Establishment unit
- 2.203.184.7549800 Deinze, since 07-10-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 07-01-2026
Annual accounts 2025
- €10.6m=
- Employeeson 31-12-2025
- 15▲ 15.4%
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on TWIN TECH
TWIN TECH files the abbreviated format. That format states no turnover. The gross margin rose from -€7,750 in 2012 to €1.9m in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TWIN TECH
- What is the company number of TWIN TECH?
- The company number of TWIN TECH is 0840.085.425. The VAT number is the same number with BE in front: BE 0840.085.425.
- Where is TWIN TECH based?
- The registered office is at Industrielaan 2, 9800 Deinze.Company details
- What does TWIN TECH do?
- According to the KBO register, the main activity is manufacture of trailers and semi-trailers (NACE 29202).
- What is the legal form of TWIN TECH?
- TWIN TECH is a private limited company (BV).
- When was TWIN TECH founded?
- TWIN TECH was founded on 07-10-2011.
- Is TWIN TECH still active?
- Yes, TWIN TECH is an active enterprise in the KBO register.
- How many employees does TWIN TECH have?
- TWIN TECH had an average of 13.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TWIN TECH fall under?
- In its 2025 annual accounts, TWIN TECH states joint committee 209 (White-collar workers in metal manufacturing).
- What is the turnover of TWIN TECH?
- The turnover in financial year 2025 is ≈ €3.4m. This figure is estimated from the gross margin of €1.9m and 1,585 comparable companies of the same size. It probably lies between €2.3m and €5.5m. It is a rough estimate.
- Is TWIN TECH profitable?
- In financial year 2025, TWIN TECH made a profit of €537,422.
- Where can I find the annual accounts of TWIN TECH?
- TWIN TECH filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TWIN TECH due?
- TWIN TECH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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