TwinnTax
Annual accounts 2025
abbreviated format, filed on 16-07-2026, 15 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €3.7m. Estimated: probably between €2.9m and €4.6m.
Balance sheet
balance sheet total €2.4m on 31-12-2025in €m
in €m
Position in the sector
88.9%
Higher than 89% of 3,406 companies in 2025.
9.63
Higher than 91% of 3,267 companies in 2025.
66.2%
Higher than 95% of 3,315 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half
Staff
€62,203
Staff costs divided by the average number of full-time equivalents.
-1 person
In 2025, 2 people joined and 3 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
2.4m | 1.3m | 791,154 | 526,954 | 264,980 | 375,035 | 182,138 | |
21/28 |
98,965 | 117,905 | 137,139 | 162,808 | 165,678 | 184,092 | - | |
21 |
92,021 | 110,435 | 128,850 | 160,428 | 165,678 | 184,092 | - | |
22/27 |
394 | 1,120 | 2,590 | 2,379 | - | - | - | |
24 |
394 | 1,120 | 2,590 | 2,379 | - | - | - | |
28 |
6,550 | 6,350 | 5,700 | - | - | - | - | |
29/58 |
2.3m | 1.1m | 654,015 | 364,147 | 99,302 | 190,942 | 182,138 | |
40/41 |
499,053 | 359,085 | 193,414 | 133,307 | 48,482 | 31,135 | 7,081 | |
40 |
429,259 | 302,191 | 189,409 | 126,477 | 34,704 | 14,670 | 61 | |
41 |
69,794 | 56,894 | 4,005 | 6,831 | 13,778 | 16,466 | 7,021 | |
50/53 |
- | 400,000 | 380,000 | - | - | - | - | |
54/58 |
1.8m | 354,217 | 70,658 | 228,758 | 45,531 | 159,590 | 174,057 | |
490/1 |
22,489 | 20,770 | 9,943 | 2,081 | 5,289 | 217 | 1,000 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
2.4m | 1.3m | 791,154 | 526,954 | 264,980 | 375,035 | 182,138 | |
10/15 |
2.2m | 552,885 | 434,619 | 250,127 | 145,153 | 213,099 | 162,638 | |
10/11 |
217,000 | 217,000 | 217,000 | 217,000 | 217,000 | 202,000 | 202,000 | |
100 |
- | - | - | - | - | - | 202,000 | |
11 |
- | - | - | - | - | 202,000 | - | |
1109/19 |
- | - | - | - | - | 202,000 | - | |
13 |
- | - | 180,000 | - | - | - | - | |
130/1 |
- | - | 180,000 | - | - | - | - | |
1312 |
- | - | 180,000 | - | - | - | - | |
14 |
1.9m | 335,885 | 37,619 | 8,828 | -99,184 | -19,276 | -39,362 | |
15 |
- | - | - | 24,299 | 27,337 | 30,375 | - | |
16 |
- | 35,035 | - | - | - | - | - | |
160/5 |
- | 35,035 | - | - | - | - | - | |
160 |
- | 35,035 | - | - | - | - | - | |
17/49 |
269,861 | 664,058 | 356,535 | 276,828 | 119,827 | 161,935 | 19,500 | |
17 |
27,584 | 136,929 | 96,543 | 132,336 | 75,216 | 75,216 | - | |
170/4 |
- | 72,567 | - | - | - | - | - | |
178/9 |
27,584 | 64,362 | 96,543 | 132,336 | 75,216 | 75,216 | - | |
42/48 |
242,277 | 526,658 | 257,414 | 144,434 | 44,610 | 18,719 | 19,500 | |
42 |
- | 64,430 | - | - | - | - | - | |
44 |
134,662 | 183,358 | 118,567 | 108,085 | 40,377 | 16,143 | 19,500 | |
440/4 |
134,662 | 183,358 | 118,567 | 108,085 | 40,377 | 16,143 | 19,500 | |
45 |
107,615 | 48,871 | 63,848 | 36,348 | 4,233 | 2,576 | - | |
450/3 |
83,046 | 29,111 | 48,174 | 29,046 | 483 | 58 | - | |
454/9 |
24,568 | 19,761 | 15,674 | 7,302 | 3,750 | 2,518 | - | |
47/48 |
- | 230,000 | 75,000 | - | - | - | - | |
492/3 |
- | 471 | 2,578 | 58 | - | 68,000 | - | |
| Income statement | ||||||||
9900 |
2.2m | 1.2m | 551,686 | 210,242 | -24,799 | 41,076 | -35,563 | |
62 |
248,811 | 184,582 | 139,945 | 72,046 | 38,454 | 19,357 | 3,445 | |
630 |
19,141 | 19,884 | 19,490 | 20,993 | 18,414 | 50 | - | |
631/4 |
3,385 | 1,274 | -3,311 | 3,311 | - | - | - | |
635/8 |
-35,035 | 35,035 | - | - | - | - | - | |
640/8 |
1,377 | 2,476 | 2,856 | 927 | 684 | 1,551 | 348 | |
66A |
773 | - | - | - | - | - | - | |
9901 |
1.9m | 914,823 | 392,707 | 112,966 | -82,351 | 20,117 | -39,355 | |
75/76B |
5,540 | 7,636 | 1,367 | 3,306 | 3,279 | 265 | 0 | |
75 |
5,540 | 7,636 | 1,367 | 3,306 | 3,279 | 265 | 0 | |
65/66B |
80,917 | 31,089 | 12,859 | 2,547 | 713 | 249 | 7 | |
65 |
80,917 | 31,089 | 12,859 | 2,547 | 713 | 249 | 7 | |
9903 |
1.8m | 891,370 | 381,214 | 113,724 | -79,785 | 20,133 | -39,362 | |
67/77 |
240,214 | 63,104 | 97,423 | 5,712 | 123 | 47 | - | |
9904 |
1.6m | 828,266 | 283,791 | 108,012 | -79,908 | 20,086 | -39,362 | |
9905 |
1.6m | 828,266 | 283,791 | 108,012 | -79,908 | 20,086 | -39,362 | |
| Appropriation of the result | ||||||||
9906 |
1.9m | 865,885 | 292,619 | 8,828 | -99,184 | -19,276 | -39,362 | |
14P |
335,885 | 37,619 | 8,828 | -99,184 | -19,276 | - | - | |
691/2 |
- | - | 180,000 | - | - | - | - | |
6921 |
- | - | 180,000 | - | - | - | - | |
694/7 |
- | 530,000 | 75,000 | - | - | - | - | |
694 |
- | 530,000 | 75,000 | - | - | - | - | |
| Social balance sheet | ||||||||
9087 |
4 | 5 | 2.6 | - | - | - | - | |
Hours worked1013 |
6,144 | - | 4,453 | - | - | - | - | |
| Document | ||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 16-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 16-07-2026 | 2026-00307721 | |
| 31-12-2024 | full format | 30-07-2025 | 2025-00332736 | |
| 31-12-2023 | full format | 28-06-2024 | 2024-00190940 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00299991 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20327134 | |
| 31-12-2020 | micro format | 22-06-2021 | 2021-23100482 | |
| 31-12-2019 | micro format | 22-12-2020 | 2020-77000033 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 1.9m | 934,706 | 412,197 | 133,959 | -63,936 | 20,168 | - | ||
| 1.6m | 848,150 | 303,281 | 129,005 | -61,493 | 20,136 | - | ||
| 200 | 650 | 6,986 | 18,123 | 0 | 185,012 | - | ||
| 1.5m | 283,559 | -158,101 | 183,227 | -114,059 | -14,467 | - | ||
| 2.1m | 607,414 | 396,601 | 219,713 | 54,692 | 172,223 | 162,638 | ||
| 88.9% | 44.2% | 54.9% | 47.5% | 54.8% | 56.8% | 89.3% | ||
| 9.63 | 2.15 | 2.54 | 2.52 | 2.23 | 10.20 | 9.34 | ||
| 0.12 | 1.20 | 0.82 | 1.11 | 0.83 | 0.76 | 0.12 | ||
| 74.4% | 149.8% | 65.3% | 43.2% | -55.1% | 9.4% | -24.2% | ||
| 66.2% | 66.2% | 35.9% | 20.5% | -30.2% | 5.4% | -21.6% | ||
| 24.02 | 30.07 | 32.05 | 52.59 | -89.72 | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | 4 | 3 |
| full-time | 4 | 3 |
| in full-time equivalents | 4 | 3 |
| 3.8 | 2.6 | |
| On a permanent contract | 4 | 3 |
| Joined | 2 | 10 |
| Left | 3 | 9 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €1,286 | €3,123 | - |
| Intangible fixed assets | - | - | - | €15,000 | - |
| Financial fixed assets | €200 | €650 | €5,700 | - | - |
| €19,141 | €19,884 | €19,490 | €20,993 | €18,414 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on TwinnTax
The operating result for 2025 is 110% higher than in 2024 and the highest since 2019. It is the fourth rise in a row, after the fall in 2021.
Debt's share of the balance-sheet total falls from 53.0% to 11.1%. Equity is higher and debt is lower.
- 2025 Net result +94% on 2024. The accounts now follow the abbreviated format, last year the full format.
- 2023 Net result +163% on 2022. The accounts now follow the full format, last year the micro format.