TwinnTax
ActiveSummary
TwinnTax has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €1.6m. Equity is growing by ~47.3% per year across the filed fiscal years. Its solvency ranks better than 89% of 2715 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+31
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity ample (current ratio 9.63 against 2.15 in 2024; short-term debt: 10% and cash: 74.5% of total assets), and 11.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
88.9%
Return on assets
66.2%
Age of the figures
9 mo
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 16-07-2026, 15 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
15 d early
2024
1 d early
2023
33 d early
2022
3 d early
2021
25 d late
2020
39 d early
2019
144 d late
← 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 11 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.6m▲ 94.2%
2024 · €828,266
Working capital
€2.1m▲ 244%
2024 · €607,414
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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-€82,351€112,966€392,707▲ 248%€914,823▲ 133%€1.9m▲ 110%
Net result-€79,908below the sector's middle half€108,012above the sector's middle half€283,791above the sector's middle half▲ 163%€828,266above the sector's middle half▲ 192%€1.6mabove the sector's middle half▲ 94.2%
Equity€145,153within the sector's middle half▼ 31.9%€250,127above the sector's middle half▲ 72.3%€434,619within the sector's middle half▲ 73.8%€552,885within the sector's middle half▲ 27.2%€2.2mabove the sector's middle half▲ 291%
Total assets€264,980within the sector's middle half▼ 29.3%€526,954above the sector's middle half▲ 98.9%€791,154within the sector's middle half▲ 50.1%€1.3mwithin the sector's middle half▲ 58.2%€2.4mabove the sector's middle half▲ 94.2%
Debt€119,827▼ 26.0%€276,828▲ 131%€356,535▲ 28.8%€664,058▲ 86.3%€269,861▼ 59.4%
Working capital€54,692▼ 68.2%€219,713▲ 302%€396,601▲ 80.5%€607,414▲ 53.2%€2.1m▲ 244%
Solvency54.8%within the sector's middle half▼ 2.0pp47.5%within the sector's middle half▼ 7.3pp54.9%within the sector's middle half▲ 7.5pp44.2%within the sector's middle half▼ 10.8pp88.9%above the sector's middle half▲ 44.7pp
Staff (FTE)2.6below the sector's middle half5within the sector's middle half▲ 92.3%4within the sector's middle half▼ 20.0%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +94% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
- 2023 Net result +163% on 2022. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 110% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€98,965 ▼ 16.1%
Current assets
€2.3m ▲ 106%
Equity and liabilities €2.4m
Equity
€2.2m ▲ 291%
Provisions
€0 ▼ 100%
Debt
€269,861 ▼ 59.4%
Debt's share of the balance-sheet total falls from 53.0% to 11.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.9m▲
2024 · €934,706
Cash flow
€1.6m▲
2024 · €848,150
Current ratio
9.63▲
2024 · 2.15
Debt to equity
0.12▼
2024 · 1.20
ROE
74.4%▼
2024 · 149.8%
ROA
66.2%=
2024 · 66.2%
Interest coverage
24.02▼
2024 · 30.07
Debt ≤ 1 year
€242,277▼
2024 · €526,658
Debt > 1 year
€27,584▼
2024 · €136,929
Income taxes
€240,214▲
2024 · €63,104
Staff costs
€248,811▲
2024 · €184,582
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 26,964 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €38,454 | €72,046 | €139,945 | €184,582 | €248,811 | ▲ 34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,414 | €20,993 | €19,490 | €19,884 | €19,141 | ▼ 3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3,311 | -€3,311 | €1,274 | €3,385 | ▲ 166% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €35,035 | -€35,035 | ▼ 200% |
| Other operating charges640/8 | €684 | €927 | €2,856 | €2,476 | €1,377 | ▼ 44.4% |
| Non-recurring operating charges66A | - | - | - | - | €773 | - |
| Gross operating margin9900 | -€24,799 | €210,242 | €551,686 | €1.2m | €2.2m | ▲ 86.7% |
| Operating profit (loss)9901 | -€82,351 | €112,966 | €392,707 | €914,823 | €1.9m | ▲ 110% |
| Financial income75/76B | €3,279 | €3,306 | €1,367 | €7,636 | €5,540 | ▼ 27.4% |
| Recurring financial income75 | €3,279 | €3,306 | €1,367 | €7,636 | €5,540 | ▼ 27.4% |
| Financial charges65/66B | €713 | €2,547 | €12,859 | €31,089 | €80,917 | ▲ 160% |
| Recurring financial charges65 | €713 | €2,547 | €12,859 | €31,089 | €80,917 | ▲ 160% |
| Profit (loss) for the period before taxes9903 | -€79,785 | €113,724 | €381,214 | €891,370 | €1.8m | ▲ 107% |
| Income taxes67/77 | €123 | €5,712 | €97,423 | €63,104 | €240,214 | ▲ 281% |
| Profit (loss) for the period9904 | -€79,908 | €108,012 | €283,791 | €828,266 | €1.6m | ▲ 94.2% |
| Profit (loss) for the period to be appropriated9905 | -€79,908 | €108,012 | €283,791 | €828,266 | €1.6m | ▲ 94.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €264,980 | €526,954 | €791,154 | €1.3m | €2.4m | ▲ 94.2% |
| Fixed assets21/28 | €165,678 | €162,808 | €137,139 | €117,905 | €98,965 | ▼ 16.1% |
| Intangible fixed assets21 | €165,678 | €160,428 | €128,850 | €110,435 | €92,021 | ▼ 16.7% |
| Tangible fixed assets22/27 | - | €2,379 | €2,590 | €1,120 | €394 | ▼ 64.9% |
| Furniture and vehicles24 | - | €2,379 | €2,590 | €1,120 | €394 | ▼ 64.9% |
| Financial fixed assets28 | - | - | €5,700 | €6,350 | €6,550 | ▲ 3.1% |
| Current assets29/58 | €99,302 | €364,147 | €654,015 | €1.1m | €2.3m | ▲ 106% |
| Amounts receivable within one year40/41 | €48,482 | €133,307 | €193,414 | €359,085 | €499,053 | ▲ 39.0% |
| Trade receivables40 | €34,704 | €126,477 | €189,409 | €302,191 | €429,259 | ▲ 42.0% |
| Other amounts receivable41 | €13,778 | €6,831 | €4,005 | €56,894 | €69,794 | ▲ 22.7% |
| Current investments50/53 | - | - | €380,000 | €400,000 | - | - |
| Cash at bank and in hand54/58 | €45,531 | €228,758 | €70,658 | €354,217 | €1.8m | ▲ 411% |
| Deferred charges and accrued income490/1 | €5,289 | €2,081 | €9,943 | €20,770 | €22,489 | ▲ 8.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €264,980 | €526,954 | €791,154 | €1.3m | €2.4m | ▲ 94.2% |
| Equity10/15 | €145,153 | €250,127 | €434,619 | €552,885 | €2.2m | ▲ 291% |
| Contributions10/11 | €217,000 | €217,000 | €217,000 | €217,000 | €217,000 | = |
| Reserves13 | - | - | €180,000 | - | - | - |
| Non-distributable reserves130/1 | - | - | €180,000 | - | - | - |
| Own shares acquired1312 | - | - | €180,000 | - | - | - |
| Profit (loss) carried forward14 | -€99,184 | €8,828 | €37,619 | €335,885 | €1.9m | ▲ 479% |
| Investment grants15 | €27,337 | €24,299 | - | - | - | - |
| Provisions and deferred taxes16 | - | - | - | €35,035 | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €35,035 | - | - |
| Pensions and similar obligations160 | - | - | - | €35,035 | - | - |
| Amounts payable17/49 | €119,827 | €276,828 | €356,535 | €664,058 | €269,861 | ▼ 59.4% |
| Amounts payable after more than one year17 | €75,216 | €132,336 | €96,543 | €136,929 | €27,584 | ▼ 79.9% |
| Financial debts170/4 | - | - | - | €72,567 | - | - |
| Other amounts payable178/9 | €75,216 | €132,336 | €96,543 | €64,362 | €27,584 | ▼ 57.1% |
| Amounts payable within one year42/48 | €44,610 | €144,434 | €257,414 | €526,658 | €242,277 | ▼ 54.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €64,430 | - | - |
| Trade debts44 | €40,377 | €108,085 | €118,567 | €183,358 | €134,662 | ▼ 26.6% |
| Suppliers440/4 | €40,377 | €108,085 | €118,567 | €183,358 | €134,662 | ▼ 26.6% |
| Taxes, remuneration and social security45 | €4,233 | €36,348 | €63,848 | €48,871 | €107,615 | ▲ 120% |
| Taxes450/3 | €483 | €29,046 | €48,174 | €29,111 | €83,046 | ▲ 185% |
| Remuneration and social security454/9 | €3,750 | €7,302 | €15,674 | €19,761 | €24,568 | ▲ 24.3% |
| Other amounts payable47/48 | - | - | €75,000 | €230,000 | - | - |
| Accrued charges and deferred income492/3 | - | €58 | €2,578 | €471 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€79,908 | €108,012 | €283,791 | €828,266 | €1.6m | ▲ 94.2% |
| + Depreciation and write-downs630 | €18,414 | €20,993 | €19,490 | €19,884 | €19,141 | ▼ 3.7% |
| Operating cash flow (approximation) | -€61,493 | €129,005 | €303,281 | €848,150 | €1.6m | ▲ 91.9% |
| Investment in fixed assets (approximation) | - | -€18,123 | €6,178 | -€650 | -€200 | ▲ 69.2% |
| Change in cash | - | €183,227 | -€158,101 | €283,559 | €1.5m | ▲ 414% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2019net €1.6m ▲94.2%
Operating result €1.9m, net result €1.6m, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 9.63
Current ratio from 2.15 to 9.63; short-term debt falls from €526,658 to €242,277.
31-12
Financial
Equity above €2mEq €2.2m ▲291%
4 profitable years in a row build equity to €2.2m.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €500,000Eq €552,885 ▲27.2%
3 profitable years in a row build equity to €552,885.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €108,012
Net result €108,012 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €250,127 ▲72.3%
Equity rises from €145,153 to €250,127.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Weakest financial yearnet -€79,908
Net result drops to -€79,908, the lowest in the series; recovery starts the following year.
Show earlier events
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €20,086
Net result €20,086 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €213,099 ▲31%
Equity rises from €162,638 to €213,099.
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 144 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Elsene · 2 establishment units since 2019
Ground area
1.3 ha
Building footprint
2,517 m²
Volume, LiDAR
29,823 m³
2 parcels, Brussels, Wallonia · tallest building 28.5 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
TWINNTECH
since 20192.294.776.312
TWINNTECH
since 20232.349.640.502
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446F0030/00A000 | Brussels | 7,406 m² | 1 · 1,655 m² | 28.5 m · 6 fl. |
| 92120F0026/00Y003 | Wallonia | 5,866 m² | 1 · 861 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
VISMA AS
21 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- VISMA ASNO
- Visma Belgium Holding
- TwinnTax
Highest known parent: VISMA AS (Norway). The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
98450000DK43Q835D997
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Of 16,911 companies in sector 62100 we hold annual accounts for 8,778. 2,538 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
Founded15-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0736391138
Also
9925:BE0736391138
Registered
09-05-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.