TWinC
ActiveSummary
TWinC has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €458,868. Equity is growing by ~24% per year across the filed fiscal years. Its solvency ranks better than 88% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 9.43 against 65.51 in 2024; short-term debt: 10.3% and cash: 46.8% of total assets), and 10.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
89.7%
Return on assets
36.9%
Age of the figures
12 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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-03-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
30 d early
2023
40 d early
2022
27 d early
2021
33 d early
2020
3 d early
2019
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.1m▲ 57.7%
2024 · €706,459
Total assets
€1.2m▲ 73.3%
2024 · €716,861
Net result
€458,868▲ 194%
2024 · €156,216
Working capital
€1.1m▲ 60.5%
2024 · €671,056
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20212022202320242025
Operating result€96,442▲ 36.5%€167,193▲ 73.4%€188,436▲ 12.7%€227,623▲ 20.8%€673,347▲ 196%
Net result€105,881above the sector's middle half▲ 108%€114,894above the sector's middle half▲ 8.5%€130,862above the sector's middle half▲ 13.9%€156,216above the sector's middle half▲ 19.4%€458,868above the sector's middle half▲ 194%
Equity€405,137above the sector's middle half▲ 35.4%€475,731above the sector's middle half▲ 17.4%€586,593above the sector's middle half▲ 23.3%€706,459above the sector's middle half▲ 20.4%€1.1mabove the sector's middle half▲ 57.7%
Total assets€425,242within the sector's middle half▲ 37.5%€536,831above the sector's middle half▲ 26.2%€620,451above the sector's middle half▲ 15.6%€716,861above the sector's middle half▲ 15.5%€1.2mabove the sector's middle half▲ 73.3%
Debt€20,105▲ 102%€61,100▲ 204%€33,858▼ 44.6%€10,402▼ 69.3%€127,740▲ 1,128%
Working capital€387,101▲ 69.2%€457,017▲ 18.1%€544,094▲ 19.1%€671,056▲ 23.3%€1.1m▲ 60.5%
Solvency95.3%above the sector's middle half▼ 1.5pp88.6%above the sector's middle half▼ 6.7pp94.5%above the sector's middle half▲ 5.9pp98.5%above the sector's middle half▲ 4.0pp89.7%above the sector's middle half▼ 8.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 196% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€37,045 ▲ 4.6%
Current assets
€1.2m ▲ 76.8%
Equity and liabilities €1.2m
Equity
€1.1m ▲ 57.7%
Debt
€127,740 ▲ 1,128%
Debt's share of the balance-sheet total rises from 1.5% to 10.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€678,666▲
2024 · €234,718
Cash flow
€464,187▲
2024 · €163,311
Current ratio
9.43▼
2024 · 65.51
Debt to equity
0.11▲
2024 · 0.01
ROE
41.2%▲
2024 · 22.1%
ROA
36.9%▲
2024 · 21.8%
Interest coverage
9064.59▲
2024 · 3753.69
Debt ≤ 1 year
€127,740▲
2024 · €10,402
Income taxes
€222,759▲
2024 · €77,300
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,504 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,641 | €8,000 | €6,832 | €7,095 | €5,320 | ▼ 25.0% |
| Other operating charges640/8 | - | €1,694 | €115 | €736 | €825 | ▲ 12.1% |
| Gross operating margin9900 | €101,661 | €176,888 | €195,383 | €235,454 | €679,492 | ▲ 189% |
| Operating profit (loss)9901 | €96,442 | €167,193 | €188,436 | €227,623 | €673,347 | ▲ 196% |
| Financial income75/76B | - | €2,843 | €3,961 | €5,956 | €8,355 | ▲ 40.3% |
| Recurring financial income75 | €44,582 | €2,843 | €3,961 | €5,956 | €8,355 | ▲ 40.3% |
| Financial charges65/66B | - | €274 | €49 | €63 | €75 | ▲ 19.7% |
| Recurring financial charges65 | €49 | €274 | €49 | €63 | €75 | ▲ 19.7% |
| Profit (loss) for the period before taxes9903 | €140,975 | €169,762 | €192,348 | €233,516 | €681,627 | ▲ 192% |
| Income taxes67/77 | €35,094 | €54,868 | €61,486 | €77,300 | €222,759 | ▲ 188% |
| Profit (loss) for the period9904 | €105,881 | €114,894 | €130,862 | €156,216 | €458,868 | ▲ 194% |
| Profit (loss) for the period to be appropriated9905 | €105,881 | €114,894 | €130,862 | €156,216 | €458,868 | ▲ 194% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €425,242 | €536,831 | €620,451 | €716,861 | €1.2m | ▲ 73.3% |
| Fixed assets21/28 | €18,036 | €18,713 | €42,499 | €35,403 | €37,045 | ▲ 4.6% |
| Tangible fixed assets22/27 | €18,036 | €18,713 | €42,499 | €35,403 | €37,045 | ▲ 4.6% |
| Land and buildings22 | - | €5,805 | €39,476 | €34,956 | €33,141 | ▼ 5.2% |
| Furniture and vehicles24 | - | €8,883 | €3,023 | €447 | €3,904 | ▲ 772% |
| Other tangible fixed assets26 | - | €4,025 | €0 | - | - | - |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €407,206 | €518,117 | €577,952 | €681,458 | €1.2m | ▲ 76.8% |
| Amounts receivable after more than one year29 | - | €180,000 | €172,500 | €165,000 | €157,500 | ▼ 4.5% |
| Other amounts receivable291 | - | €180,000 | €172,500 | €165,000 | €157,500 | ▼ 4.5% |
| Amounts receivable within one year40/41 | €38,049 | €25,779 | €24,052 | €51,054 | €459,026 | ▲ 799% |
| Trade receivables40 | - | - | - | - | €415,542 | - |
| Other amounts receivable41 | - | €25,779 | €24,052 | €51,054 | €43,485 | ▼ 14.8% |
| Cash at bank and in hand54/58 | €365,503 | €309,496 | €374,389 | €458,479 | €581,700 | ▲ 26.9% |
| Deferred charges and accrued income490/1 | - | €2,843 | €7,011 | €6,924 | €6,796 | ▼ 1.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €425,242 | €536,831 | €620,451 | €716,861 | €1.2m | ▲ 73.3% |
| Equity10/15 | €405,137 | €475,731 | €586,593 | €706,459 | €1.1m | ▲ 57.7% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €259,001 | €329,201 | €440,051 | €559,701 | €966,701 | ▲ 72.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Other1319 | - | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | €491 | €491 | €491 | €491 | = |
| Distributable reserves133 | - | €326,850 | €437,700 | €557,350 | €964,350 | ▲ 73.0% |
| Profit (loss) carried forward14 | €133,736 | €134,130 | €134,142 | €134,358 | €135,226 | ▲ 0.6% |
| Amounts payable17/49 | €20,105 | €61,100 | €33,858 | €10,402 | €127,740 | ▲ 1,128% |
| Amounts payable within one year42/48 | €20,105 | €61,100 | €33,858 | €10,402 | €127,740 | ▲ 1,128% |
| Trade debts44 | €4,686 | €13,805 | €4,102 | €4,211 | €1,093 | ▼ 74.0% |
| Suppliers440/4 | - | €13,805 | €4,102 | €4,211 | €1,093 | ▼ 74.0% |
| Taxes, remuneration and social security45 | - | €47,295 | €29,756 | €6,192 | €126,647 | ▲ 1,945% |
| Taxes450/3 | - | €47,295 | €29,756 | €6,192 | €126,647 | ▲ 1,945% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €105,881 | €114,894 | €130,862 | €156,216 | €458,868 | ▲ 194% |
| + Depreciation and write-downs630 | €4,641 | €8,000 | €6,832 | €7,095 | €5,320 | ▼ 25.0% |
| Operating cash flow (approximation) | €110,522 | €122,894 | €137,694 | €163,311 | €464,187 | ▲ 184% |
| Investment in fixed assets (approximation) | - | -€8,678 | -€30,617 | €0 | -€6,961 | - |
| Change in cash | - | -€56,007 | €64,894 | €84,090 | €123,221 | ▲ 46.5% |
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
19-03
State Gazette act
General meeting · Board meeting
Director reappointment · Permanent representative
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
13-03
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
2025
30-09
Financial
Highest result since 2018net €458,868 ▲194%
Operating result €673,347, net result €458,868, both a record.
30-09
Financial
Equity above €1mEq €1.1m ▲57.7%
8 profitable years in a row build equity to €1.1m.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity quadruplescurrent ratio 65.51
Current ratio from 17.07 to 65.51; short-term debt falls from €33,858 to €10,402.
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity doublescurrent ratio 17.07
Current ratio from 8.48 to 17.07; short-term debt falls from €61,100 to €33,858.
30-09
Financial
Equity above €500,000Eq €586,593 ▲23.3%
6 profitable years in a row build equity to €586,593.
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Show earlier events
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
24-02
State Gazette act
General meeting · Merger
Dissolution · Accounting effect · Lien COUCK
2020
06-04
State Gazette act
General meeting · Statutes amendment
Accounting effect · Corporate purpose · Delphine Coorevits
06-04
State Gazette act
General meeting · Statutes amendment
Corporate purpose · Capital
16-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-12
State Gazette act
Board meeting · Director appointment
Permanent representative
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Martens-Latem · 1 establishment unit since 2004
Ground area
1,226 m²
Building footprint
187 m²
Volume, LiDAR
992 m³
Parcel 44064B0032/00A006, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TWinC
since 20042.139.072.209
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0032/00A006 | Flanders | 1,226 m² | 1 · 187 m² | 12.2 m · 2 fl. |
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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
18 locations
1 location
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 659 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 659 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
699400K1CM3NCDFFPZ07
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 26,667 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
Founded24-08-2004
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
titia.willems@gmail.com
Phone
0494500006
E-invoicing
Reachable via Peppol
Peppol ID
0208:0866969568
Also
9925:BE0866969568
Registered
19-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.