Summary
TWINNING is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €25,361 and a net result of -€1,595. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 95% of 8094 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
12 d early
2023
30 d late
2022
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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. Usually files around 31 August (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€25,361▼ 5.9%
2024 · €26,956
Net result
-€1,595▼ 1,217%
2024 · -€121
Total assets
€25,361▼ 15.7%
2024 · €30,088
Solvency
100.0%▲ 10.4pp
2024 · 89.6%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line2022202320242025
Operating result€35,047-€1,753▼ 95.0%-€1,690-€2,841▼ 68.2%
Net result€26,440within the sector's middle half--€363below the sector's middle half-€121below the sector's middle half▲ 66.6%-€1,595below the sector's middle half▼ 1,217%
Equity€27,440below the sector's middle half-€27,077below the sector's middle half▼ 1.3%€26,956below the sector's middle half▼ 0.4%€25,361below the sector's middle half▼ 5.9%
Total assets€47,619below the sector's middle half-€38,946below the sector's middle half▼ 18.2%€30,088below the sector's middle half▼ 22.7%€25,361below the sector's middle half▼ 15.7%
Debt€20,179-€11,869▼ 41.2%€3,132▼ 73.6%
Working capital€27,052within the sector's middle half-€26,823within the sector's middle half▼ 0.8%€26,835within the sector's middle half=
Solvency57.6%within the sector's middle half-69.5%within the sector's middle half▲ 11.9pp89.6%above the sector's middle half▲ 20.1pp100.0%above the sector's middle half▲ 10.4pp
Current ratio2.34within the sector's middle half-3.26within the sector's middle half▲ 0.929.57above the sector's middle half▲ 6.31
Return on assets (ROA)55.5%above the sector's middle half--0.9%below the sector's middle half▼ 56.5pp-0.4%below the sector's middle half▲ 0.5pp-6.3%below the sector's middle half▼ 5.9pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 stays negative: a loss of €2,841 in 2025 against €1,690 in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
ROE
-6.3%▼
2024 · -0.4%
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €30 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12 | €133 | €133 | €121 | ▼ 9.2% |
| Other operating charges640/8 | €2,455 | €2,180 | €137 | €537 | ▲ 291% |
| Gross operating margin9900 | €37,514 | €4,066 | -€1,419 | -€2,183 | ▼ 53.8% |
| Operating profit (loss)9901 | €35,047 | €1,753 | -€1,690 | -€2,841 | ▼ 68.2% |
| Financial income75/76B | €262 | €1,244 | €1,814 | €1,547 | ▼ 14.7% |
| Recurring financial income75 | €262 | €1,244 | €1,814 | €1,547 | ▼ 14.7% |
| Financial charges65/66B | €44 | €1,716 | €47 | €300 | ▲ 544% |
| Recurring financial charges65 | €44 | €1,716 | €47 | €300 | ▲ 544% |
| Profit (loss) for the period before taxes9903 | €35,264 | €1,281 | €78 | -€1,595 | ▼ 2,157% |
| Income taxes67/77 | €8,824 | €1,644 | €199 | - | - |
| Profit (loss) for the period9904 | €26,440 | -€363 | -€121 | -€1,595 | ▼ 1,217% |
| Profit (loss) for the period to be appropriated9905 | €26,440 | -€363 | -€121 | -€1,595 | ▼ 1,217% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €47,619 | €38,946 | €30,088 | €25,361 | ▼ 15.7% |
| Fixed assets21/28 | €388 | €254 | €121 | - | - |
| Tangible fixed assets22/27 | €388 | €254 | €121 | - | - |
| Furniture and vehicles24 | €388 | €254 | €121 | - | - |
| Current assets29/58 | €47,231 | €38,692 | €29,967 | €25,361 | ▼ 15.4% |
| Amounts receivable within one year40/41 | €40,494 | €34,956 | €29,967 | €25,361 | ▼ 15.4% |
| Trade receivables40 | €23,409 | - | - | - | - |
| Other amounts receivable41 | €17,085 | €34,956 | €29,967 | €25,361 | ▼ 15.4% |
| Cash at bank and in hand54/58 | €6,737 | €3,736 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €47,619 | €38,946 | €30,088 | €25,361 | ▼ 15.7% |
| Equity10/15 | €27,440 | €27,077 | €26,956 | €25,361 | ▼ 5.9% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €26,440 | €26,440 | €26,440 | €26,440 | = |
| Distributable reserves133 | €26,440 | €26,440 | €26,440 | €26,440 | = |
| Profit (loss) carried forward14 | - | -€363 | -€484 | -€2,078 | ▼ 330% |
| Amounts payable17/49 | €20,179 | €11,869 | €3,132 | - | - |
| Amounts payable within one year42/48 | €20,179 | €11,869 | €3,132 | - | - |
| Trade debts44 | €2,341 | €352 | €691 | - | - |
| Suppliers440/4 | €2,341 | €352 | €691 | - | - |
| Taxes, remuneration and social security45 | €17,838 | €11,517 | €2,441 | - | - |
| Taxes450/3 | €17,838 | €11,517 | €2,441 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,440 | -€363 | -€121 | -€1,595 | ▼ 1,217% |
| + Depreciation and write-downs630 | €12 | €133 | €133 | €121 | ▼ 9.2% |
| Operating cash flow (approximation) | €26,452 | -€229 | €12 | -€1,473 | ▼ 12,147% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - |
| Change in cash | - | -€3,001 | - | - | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€1,595
Net result drops to -€1,595, the lowest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 9.57
Current ratio from 3.26 to 9.57; short-term debt falls from €11,869 to €3,132.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kruisem · 1 establishment unit since 2022
Ground area
632 m²
Building footprint
158 m²
Parcel 45036A1060/00C000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TWINNING
since 20222.327.583.987
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45036A1060/00C000 | Flanders | 632 m² | 1 · 158 m² | - |
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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 8,236 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
Founded16-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
95240Repair and maintenance of furniture and upholstery
Contact
E-mail
celine@vandeweghe.beKruisem
Phone
0499904923Kruisem
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.