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TwinnTax

Active Private limited companyfounded 2019active for 7 yearsArnaud Fraiteurlaan 15/23, 1050 IxellesKBO/BCE: BE 0736.391.138 subsidiary of Visma Belgium Holding
TwinnTax
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Overview

Lifetime

7 annual accounts with figures on one time axis
peak €2.2m (2025)
€2.2m▲ 86.7%
lowest -€79,908 (2021)
€1.6m▲ 94.2%
peak €2.2m (2025)
€2.2m▲ 291%
€269,861▼ 59.4%
peak 5 FTE (2024)
4 FTE▼ 20.0%
Board3 names since 2019
1 directorLA MAISON ECOLOGIQUE
Owners2 names in the annual accounts
100%Visma Belgium Holding and 1 other
Documentsfilings and deeds
16-07-202615 days before the deadline
2025abbreviated format
Gross margin from €1.2m to €2.2mResult from €828,266 to €1.6mStaff from 5 FTE to 4 FTE1 director appointed, 1 statutory auditor appointed, 1 resign… 03-12Amendment of the articles 28-11Equity from €552,885 to €2.2m

Key points

from the 2025 annual accounts

Equity

€2.2m ▲ 291%
€553,0002024€2.2m2025

Equity rose in 2025 from €552,885 to €2.2m.

Turnover

≈ €3.7m estimated

The accounts state no turnover.

Staff

4 employees on 31-12-2025
1092023232025

In 2025, 2 people joined and 3 left.

Liquidity

9.63 was 2.15 in 2024

Short-term debts fell from €526,658 to €242,277.

Board

1 joined · 1 left

Board changed. Latest change 03-12-2025 · 1 in office.

Position in the sector

€1.6m

Higher net result than 95% of companies in computer programming and consultancy. Sector median €22,924 · 3,405 companies.

Net result +94%: other schema

Checked score

99
Excellent
Financially stronger than 90% of micro companies in computer programming and consultancy (NACE 62)
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 25,932 companies (NACE 62, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.5%▲ +0.1 percentage points vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.1%▼ -0.5 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%▼ -0.1 percentage points vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: 0.1%▲ +0.1 percentage points vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

100+31equity 88.9% of total assets
100+35short-term debt 10.0% · cash 74.5%
100=return on assets 66.2%

Score breakdown

lowers risk
Liquidity: current ratio 9.63, cash €1.8m
Sector: Computer programming, consultancy and related activities (NACE 62)
Equity €2.2m (88.9% of total assets)
Figures for financial year 2025 (filed on 16-07-2026)
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 62, micro). It does better than 85% of them on solvency, 96% on liquidity, 82% on profitability and 97% on growth.

The bankruptcy probability was computed on 09-11-2026 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, 26,972 companies had the same profile as TwinnTax has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of TwinnTax itself is lower: < 0.1% within 12 months. It rests on far more data about TwinnTax than the profile alone.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 26,972 companies, not a prediction for TwinnTax. 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 €210,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 9.63 (2.15 in 2024), above the usual 1.5. Short-term debt is 10% and cash 74.5% of total assets. 11.1% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 9.63, cash €1.8m
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Equity €2.2m (88.9% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 16-07-2026)
NBB · annual accounts
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 filings
Deviation from the deadline
2025
15 days early
2024
1 day early
2023
33 days early
2022
3 days early
2021
25 days late
2020
39 days early
2019
144 days late
← 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 11 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% 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 28 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

LM
LA MAISON ECOLOGIQUE
Director, OlivierDaxhelet
EE
Ernst et Young Reviseurs d'Entreprises
Auditor, KoenDeNijs
Board & ownership

Recent changes

1 director appointed, 1 statutory auditor appointed, 1 resignation Resignation: OlivierDaxhelet · Appointments: LaMaisonÉcologique and ErnstenYoungBedrijfsrevisoren (statutory auditor) · Permanent representative: OlivierDaxhelet · General meeting of 03-11-2025 · Gazette deed
Amendment of the articles Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0736391138
Amendment of the articles Cancellation of 120,000 shares · DAXHELET Olivier holds 1,122,000 shares · BORREMANS Pierre Philippe Anne Germain holds 140,000 shares · General meeting of 23-10-2024 · Gazette deed
All 25 events

Comparable companies

same main activity, similar in size and age
Company
TwinnTax Ixelles €2.4m €2.2m 88.9% 4
RAITO Brussels €2.3m €1.8m 91.4% 4.2
Xplendit Antwerp €2.2m €1.6m 85.4% 5
FIREWISE STUDIO'S Diepenbeek €2.9m €3.0m 28.0% 6
MORO TECHNOLOGY Ixelles €3.0m €1.2m 51.6% 5.3
Hypercharge Merelbeke-Melle €3.2m €1.6m 52.3% 5.3
FID-MANAGER Waterloo €2.3m €2.6m 2.6% 5.8

These companies have the same main activity as TwinnTax: computer programming (NACE 62100). They are comparable in size and age: total assets between €2.2m and €3.2m, founded between 2016 and 2021.

Official details

Source: KBO
Status
Active since 15-10-2019Normal situation
Registered office
230 active companies are registered at this address18 started in the 12 months before. Source: KBO register, as of 9 November 2026.
Activity
Computer programmingNACE 62100and 1 other
Establishment units
2.294.776.3125020 Namur, since 15-10-2019
2.349.640.5021050 Ixelles, since 01-07-2023
Financial year end
31 December
Peppol
Reachable since 09-05-2025
Company details

Annual accounts 2025

€2.2m▲ 86.7%
€1.6m▲ 94.2%
€2.2m▲ 291%
€2.4m▲ 94.2%
Employeeson 31-12-2025
4
Filing
Filed on 16-07-2026, 15 days before the end of the filing period
Financials

Insights on TwinnTax

TwinnTax files the abbreviated format. That format states no turnover. The gross margin rose from -€35,563 in 2019 to €2.2m in 2025.

Visma Belgium Holding holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 16-07-2026, 15 days before the deadline
€2.2m
▲ 86.7%
€1.9m
▲ 110%
€1.6m
▲ 94.2%
€2.1m
▲ 244%
88.9%
▲ 44.7 percentage points
9.63
▲ 7.47

The 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 31-12-2025
What the company ownsHow it is paid for

in €m

in €m

Position in the sector

Compare with sector

88.9%

Higher than 89% of 3,405 companies in 2025.

9.63

Higher than 91% of 3,266 companies in 2025.

66.2%

Higher than 95% of 3,314 companies in 2025.

TwinnTax Middle half of the sector 80% of the sector Abbreviated accounts in computer programming and consultancy (NACE 62)

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

people who joined people who left

In 2025, 2 people joined and 3 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019
Balance sheet: assets
20/58 2.4m1.3m791,154526,954264,980375,035182,138
21/28 98,965117,905137,139162,808165,678184,092-
21 92,021110,435128,850160,428165,678184,092-
22/27 3941,1202,5902,379---
24 3941,1202,5902,379---
28 6,5506,3505,700----
29/58 2.3m1.1m654,015364,14799,302190,942182,138
40/41 499,053359,085193,414133,30748,48231,1357,081
40 429,259302,191189,409126,47734,70414,67061
41 69,79456,8944,0056,83113,77816,4667,021
50/53 -400,000380,000----
54/58 1.8m354,21770,658228,75845,531159,590174,057
490/1 22,48920,7709,9432,0815,2892171,000
Balance sheet: equity and liabilities
10/49 2.4m1.3m791,154526,954264,980375,035182,138
10/15 2.2m552,885434,619250,127145,153213,099162,638
10/11 217,000217,000217,000217,000217,000202,000202,000
100 ------202,000
11 -----202,000-
1109/19 -----202,000-
13 --180,000----
130/1 --180,000----
1312 --180,000----
14 1.9m335,88537,6198,828-99,184-19,276-39,362
15 ---24,29927,33730,375-
16 -35,035-----
160/5 -35,035-----
160 -35,035-----
17/49 269,861664,058356,535276,828119,827161,93519,500
17 27,584136,92996,543132,33675,21675,216-
170/4 -72,567-----
178/9 27,58464,36296,543132,33675,21675,216-
42/48 242,277526,658257,414144,43444,61018,71919,500
42 -64,430-----
44 134,662183,358118,567108,08540,37716,14319,500
440/4 134,662183,358118,567108,08540,37716,14319,500
45 107,61548,87163,84836,3484,2332,576-
450/3 83,04629,11148,17429,04648358-
454/9 24,56819,76115,6747,3023,7502,518-
47/48 -230,00075,000----
492/3 -4712,57858-68,000-
Income statement
9900 2.2m1.2m551,686210,242-24,79941,076-35,563
62 248,811184,582139,94572,04638,45419,3573,445
630 19,14119,88419,49020,99318,41450-
631/4 3,3851,274-3,3113,311---
635/8 -35,03535,035-----
640/8 1,3772,4762,8569276841,551348
66A 773------
9901 1.9m914,823392,707112,966-82,35120,117-39,355
75/76B 5,5407,6361,3673,3063,2792650
75 5,5407,6361,3673,3063,2792650
65/66B 80,91731,08912,8592,5477132497
65 80,91731,08912,8592,5477132497
9903 1.8m891,370381,214113,724-79,78520,133-39,362
67/77 240,21463,10497,4235,71212347-
9904 1.6m828,266283,791108,012-79,90820,086-39,362
9905 1.6m828,266283,791108,012-79,90820,086-39,362
Appropriation of the result
9906 1.9m865,885292,6198,828-99,184-19,276-39,362
14P 335,88537,6198,828-99,184-19,276--
691/2 --180,000----
6921 --180,000----
694/7 -530,00075,000----
694 -530,00075,000----
Social balance sheet
9087 452.6----
Hours worked1013 6,144-4,453----
Document PDFPDFPDFPDFPDFPDFPDF

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.

Download as CSV

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 PDF
31-12-2024 full format 30-07-2025 2025-00332736 PDF
31-12-2023 full format 28-06-2024 2024-00190940 PDF
31-12-2022 micro format 28-07-2023 2023-00299991 PDF
31-12-2021 micro format 25-08-2022 2022-20327134 PDF
31-12-2020 micro format 22-06-2021 2021-23100482 PDF
31-12-2019 micro format 22-12-2020 2020-77000033 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019
1.9m934,706412,197133,959-63,93620,168-
1.6m848,150303,281129,005-61,49320,136-
2006506,98618,1230185,012-
1.5m283,559-158,101183,227-114,059-14,467-
2.1m607,414396,601219,71354,692172,223162,638
88.9%44.2%54.9%47.5%54.8%56.8%89.3%
9.632.152.542.522.2310.209.34
0.121.200.821.110.830.760.12
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%
24.0230.0732.0552.59-89.72--

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

Item31-12-202531-12-2023
Employees at the balance-sheet date43
full-time43
in full-time equivalents43
3.82.6
On a permanent contract43
Joined210
Left39

Source: social balance sheet in the 2023 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
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.

Large changes and their cause
  • 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.

Board & ownership

Board

1 director, 1 auditor, no change since 2025
LA MAISON ECOLOGIQUE BV
Director, permanent representative OlivierDaxhelet
appointed by deed of 03-12-2025 term without a fixed end
Ernst et Young Reviseurs d'Entreprises
Statutory auditor, permanent representative KoenDeNijs
since 03-11-2025 term until 06-06-2028
listed in the 2025 annual accounts, filed on 16-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 16. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
“exercice de ce mandat. 4- Pouvoir de signature : Le pouvoir de signature des administrateurs sera individuel pour tous actes et/ou…”
Full text

exercice de ce mandat. 4- Pouvoir de signature : Le pouvoir de signature des administrateurs sera individuel pour tous actes et/ou engagements de la société. 5- Rémunération : Le mandat d’administrateur pourra être rémunéré 6- Commissaire : Compte tenu des critères légaux, les comparants décident de ne pas procéder actuellement à la nomination d’un commissaire. 7- Pouvoirs Monsieur DAXHELET Olivier, prénommé, ou toute autre personne désignée par lui, est désigné en qualité de mandataire ad hoc de la société, afin de disposer des fonds, de signer tous documents et de procéder aux formalités requises auprès de l’administration de la tva ou en vue de l'inscription à la Banque carrefour des Entreprises.

deed of 17-10-2019
Permanent representatives 1
OlivierDaxhelet
Permanent representative, for LA MAISON ECOLOGIQUE
appointed by deed of 03-12-2025

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
LA MAISON ECOLOGIQUE
Director
Ernst et Young Reviseurs d'Entreprises
Statutory auditor
DAXHELET Olivier
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • LA MAISON ECOLOGIQUE
    • Director, since before 31-12-2021
  • Ernst et Young Reviseurs d'Entreprises
    • Statutory auditor, from 03-11-2025 to date
  • DAXHELET Olivier
    • Director (not named in the articles), appointed by deed of 17-10-2019, until 03-12-2025

See the board, name and registered office on a given date →

Control

Parent
Visma Belgium Holding
Equity €307.4m
Loss €37.0m in 2025 (loss €23.7m in 2024)
Source: accounts Visma Belgium Holding 2025
100%
This company
TwinnTax
Equity €2.2m
Profit €1.6m in 2025

Further up the chainVISMA AS NO 100%

Capital

Contribution
€217,000
Shares
1,457,000
Contribution per share
€0.15
Equity per share
€1.48 in 2025
Source
deed of 30-12-2019

Articles of association

DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-11-2025 (in French)
Daily managementDay-to-day management handles the everyday running of the business without the full board.
The board decides whether the delegates act alone or jointly
deed of 28-11-2025 (in French)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Tuesday of June
deed of 06-11-2024 (in French)

Capital transactions

Shareholders according to the deeds
Stated in the deed deed of 06-11-2024 ↗
  • DAXHELET Olivier 1,122,000 shares
  • BORREMANS Pierre Philippe Anne Germain 140,000 shares
  • THIMUS François-Xavier Jacques Marie Maurice 98,000 shares
  • DE TAEYE Jonas 70,000 shares
  • LEFÈVRE Arnaud 20,000 shares
  • CAHILL Barry Michael 7,000 shares
Stated in the deed deed of 09-02-2024 ↗
  • DAXHELET Olivier 1,122,000 shares
  • BORREMANS Pierre Philippe Anne Germain 140,000 shares
  • THIMUS François-Xavier Jacques Marie Maurice 98,000 shares
  • DE TAEYE Jonas 70,000 shares
  • LEFÈVRE Arnaud 20,000 shares
  • CAHILL Barry Michael 7,000 shares
Stated in the deed deed of 30-12-2019 ↗
  • DAXHELET Olivier 900 shares
  • DESCAMPS Pascal Pierre Henri Jean Daniel 100 shares
  • THIMUS François-Xavier Jacques Marie Maurice 83,000 shares
  • de TAYE Jonas 55,000 shares
  • BORREMANS Pierre Philippe Anne Germain 70,000 shares
After 2 capital increases deed of 30-12-2019 ↗
  • Spreds Finance (BE 0538.839.354) 120,000 shares · €120,000 in cash
  • LEFÈVRE Arnaud 20,000 shares · €20,000
  • CAHILL Barry Michael 7,000 shares · €7,000
At incorporation deed of 17-10-2019 ↗
  • DAXHELET Olivier 900 shares (90%) · €10,000
  • DESCAMPS Pascal Pierre Henri Jean Daniel 100 shares (10%) · €30,000
Capital over time
  1. 28-11-2025 Capital stated in the deed · 1,457,000 shares
  2. 06-11-2024 Capital stated in 2 deeds · 1,577,000 shares
  3. 30-12-2019 Capital increase of €177,000 · to €217,000 · 177,000 new shares at €1 per share · in cash
  4. 30-12-2019 Capital increase · to €217,000
  5. 17-10-2019 Incorporation · €40,000 · 1,000 shares

Network & group

Group

Visma Belgium Holding has 12 direct subsidiaries (2025 accounts), the bar shows equity in euros
ParentVisma Belgium Holding12 holdings, 1 country 2025 accounts

Belgium 12 Year Equity Result

  • BE TwinnTax 2025€2.2m result €1.6m (2025)
  • BE Cxm Holding 2025€44.7m result -€117,622 (2025)
  • BE Silverfin 2025€40.7m result €13.2m (2025)
  • BE Teamleader93.96% 2025€12.9m result €374,879 (2025)
  • BE SynUp 2025€9.5m result -€174,125 (2025)
  • BE Visma Bouwsoft 2025€5.2m result €1.5m (2025)
  • BE AdminPulse 2025€3.5m result €1.6m (2025)
  • BE Admisol 2025€2.7m result €679,378 (2025)
  • BE DW Innovation 2024€2.4m result -€219,036 (2024)
  • BE Bizzcontrol50.01% 2025€800,497 result €376,401 (2025)
  • BE Accountants Academy 2025€538,276 result €220,396 (2025)
  • BE Let's App 2025-€2.8m result -€2.3m (2025)

Source: list of holdings in the 2025 accounts of Visma Belgium Holding. Every holding stands with its own latest accounts.

Part of the group VISMA AS Group, risk and exposure

Earlier ties

TWINE
via DAXHELET Olivier, no longer at TWINE · Director · deed of 23-01-2024
founded in 2010
 total assets €116,228 (2025)

Connections & network

Depth

The network starts from the earlier ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

25 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 15 days before the deadline
2025
Highest result from 2019 to 2025 net €1.6m ▲94.2% The operating result of €1.9m and the net result of €1.6m are both a record.
Liquidity more than quadruples current ratio 9.63 The current ratio rises from 2.15 to 9.63. Short-term debt falls from €526,658 to €242,277.
Equity above €2m equity €2.2m ▲291% After 4 profitable years in a row, equity reaches €2.2m.
1 director appointed, 1 statutory auditor appointed, 1 resignationResignation: OlivierDaxhelet · Appointments: LaMaisonÉcologique and ErnstenYoungBedrijfsrevisoren (statutory auditor) · Permanent representative: OlivierDaxhelet · General meeting of 03-11-20255 points ▸

Open the deed in the Belgian Official Gazette

Amendment of the articles3 points ▸
  • Amendment of the articles, article 13
  • Amendment of the articles, article 24
  • 1,457,000 shares
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2024 filed PDFfull format · 1 day before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0736391138
2024
Equity above €500,000 equity €552,885 ▲27.2% After 3 profitable years in a row, equity reaches €552,885.
Amendment of the articlesCancellation of 120,000 shares · DAXHELET Olivier holds 1,122,000 shares · BORREMANS Pierre Philippe Anne Germain holds 140,000 shares · General meeting of 23-10-20248 points ▸
  • General meeting, 23-10-2024
  • DAXHELET Olivier holds 1,122,000 shares
  • BORREMANS Pierre Philippe Anne Germain holds 140,000 shares
  • THIMUS François-Xavier Jacques Marie Maurice holds 98,000 shares
  • DE TAEYE Jonas holds 70,000 shares
  • LEFÈVRE Arnaud holds 20,000 shares
  • CAHILL Barry Michael holds 7,000 shares
  • The company holds 120,000 shares of TwinnTax
  • The deed holds 16 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFfull format · 33 days before the deadline
Company renamed from TWINNTECH to TwinnTaxRegistered office moved from Namur to Ixelles · New registered office: Avenue Arnaud Fraiteur, 15/23, 1050 Ixelles · Previous registered office: Rue d’Ecolys, numéro 30, 5020 Namur · General meeting of 23-01-202414 points ▸
  • General meeting, 23-01-2024
  • Incorporation, 14-10-2019
  • DAXHELET Olivier holds 1,122,000 shares
  • BORREMANS Pierre Philippe Anne Germain holds 140,000 shares
  • THIMUS François-Xavier Jacques Marie Maurice holds 98,000 shares
  • DE TAEYE Jonas holds 70,000 shares
  • LEFÈVRE Arnaud holds 20,000 shares
  • CAHILL Barry Michael holds 7,000 shares
  • The company holds 120,000 shares of TWINNTECH
  • 1,577,000 shares, mentioned twice in the deed
  • Name change, TwinnTax
  • Registered-office move, Avenue Arnaud Fraiteur, 15/23, 1050 Ixelles
  • Power of attorney, Edouard-Jean NAVEZ
  • Registered office clause, Avenue Arnaud Fraiteur, 15/23, 1050 Ixelles
  • The deed holds 12 more points.

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2022 filed PDFmicro format · 3 days before the deadline
New establishment in Ixelles TWINNTECH, Arnaud Fraiteurlaan 15
2022
Back to profit net €108,012 The net result is €108,012, after one loss-making year.
Annual accounts 2021 filed PDFmicro format · 25 days late
2021
Weakest financial year net -€79,908 The net result drops to -€79,908, the lowest from 2019 to 2025. It recovers the following year.
Annual accounts 2020 filed PDFmicro format · 39 days before the deadline
2020
Back to profit net €20,086 The net result is €20,086, after one loss-making year.
Equity above €200,000 equity €213,099 ▲31% Equity rises from €162,638 to €213,099.
Annual accounts 2019 filed PDFmicro format · 144 days late
2019
Capital increase of €177,000 to €217,000Capital from €40,000 to €217,000, 177,000 new shares · Contributions: Spreds Finance (€120,000, 120,000 shares); LEFÈVRE Arnaud (€20,000, 20,000 shares); CAHILL Barry Michael (€7,000, 7,000 shares) · DAXHELET Olivier holds 1,122,000 shares · General meeting of 20-12-201914 points ▸
  • General meeting, 20-12-2019
  • DAXHELET Olivier holds 1,122,000 shares
  • DESCAMPS Pascal Pierre Henri Jean Daniel holds 70,000 shares
  • THIMUS François-Xavier Jacques Marie Maurice holds 83,000 shares
  • de TAYE Jonas holds 55,000 shares
  • BORREMANS Pierre Philippe Anne Germain holds 70,000 shares
  • Capital increase, €177,000, mentioned twice in the deed
  • Share issue, €15,000, mentioned twice in the deed
  • Capital contribution, €120,000
  • Capital contribution, €20,000
  • Capital contribution, €7,000
  • Capital increase, €217,000
  • Amendment of the articles, article 5
  • Amendment of the articles, article 8
  • The deed holds 12 more points.

Open the deed in the Belgian Official Gazette

Share issue · Amendment of the articlesDAXHELET Olivier holds 900 shares · DESCAMPS Pascal Pierre Henri Jean Daniel holds 100 shares · General meeting of 20-12-20194 points ▸
  • General meeting, 20-12-2019
  • DAXHELET Olivier holds 900 shares
  • DESCAMPS Pascal Pierre Henri Jean Daniel holds 100 shares
  • Amendment of the articles, article 5
  • The deed holds 7 more points.

Open the deed in the Belgian Official Gazette

IncorporationFounding capital of €40,000, 1,000 shares · Founders: DAXHELET Olivier and DESCAMPS Pascal Pierre Henri Jean Daniel · Appointment: DAXHELET Olivier (director) · published on 17-10-20196 points ▸
  • Founder, DAXHELET Olivier
  • Founder, DESCAMPS Pascal Pierre Henri Jean Daniel
  • Founding capital, €40,000, 1,000 shares
  • 1,000 shares
  • Registered office clause, Avenue d’Ecolys, numéro 30, 5020 Suarlée
  • Director appointment, DAXHELET Olivier (director (not named in the articles))
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

First establishment TWINNTECH, Avenue d'Ecolys 30, Namur

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

TwinnTax was incorporated on 15 October 2019 as a private limited company by two natural persons, with a starting capital of €40,000.12 In 2019 the capital was increased by €177,000 to €217,000.3 Since 2024 the company has been called TwinnTax.4 The registered office was moved to Ixelles in 2024.4 LA MAISON ECOLOGIQUE is director of the company, appointed by deed of 03-12-2025.5 Total assets rose from €182,138 in 2019 to €2.4m in 2025 and headcount from 2.6 full-time equivalents in 2023 to 4 in 2025.6

  1. 1KBO register
  2. 2Belgian Official Gazette, 17-10-2019
  3. 3Belgian Official Gazette, 30-12-2019
  4. 4Belgian Official Gazette, 09-02-2024
  5. 5Belgian Official Gazette, 03-12-2025
  6. 6National Bank, annual accounts 2019, 2023 and 2025

Company details

Identity

Enterprise number
0736.391.138
VAT number
BE 0736.391.138
Peppol ID
0208:0736391138
Other Peppol ID
9925:BE0736391138
LEI code
98450000DK43Q835D997 live in the LEI register
Legal form
Private limited company
Status
Active, normal situation
Founded
15-10-2019
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Tuesday of June
deed of 06-11-2024 (in French)
Website
twinntax.com
Peppol
Reachable since 09-05-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
TwinnTax in French
Former name
TWINNTECH until the deed of 09-02-2024
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-11-2025 (in French)

Activities

NACEBEL 2025
VAT activities
62100 Computer programming main activity
Social security (RSZ) activities
62200 Computer consultancy and computer facilities management main activity
Codes under NACEBEL 2008
VAT activities
62010 Computer programming, consultancy and related activities main activity
Social security (RSZ) activities
62020 IT consultancy main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Le commerce de matériel, application et logiciel informatiques et électroniques de toute nature en ce compris toutes les activités annexes…”
16 activities
  1. Le commerce de matériel, application et logiciel informatiques et électroniques de toute nature en ce compris toutes les activités annexes telles que l’étude, la conception, la réalisation, l’ installation et la commercialisation de systèmes informatiques, l’étude, la conception, la production, l’ entretien et la maintenance de matériel électronique, cette énumération étant exemplative et non limitative.
  2. Le transfert, la manipulation, l’analyse, la visualisation, le traitement de données d’ entreprises, ainsi que l’étude, la conception, la mise en place de systèmes de données, la consultance et le conseil en management dans le domaine du développement d’outils digitaux.
  3. La conception, fabrication, l’importation, l’exportation, la préparation, le développement, le conditionnement, la distribution, la diffusion, l’exploitation sous toutes ses formes, la commercialisation, l’achat et la vente en gros ou en détail, directement ou indirectement :
  4. De tous produits informatiques, technologiques, graphiques, mécanique, mécatronique, électronique ;
  5. De sites web et de toute application logicielle ;
  6. La prestation de services web de tout type (incluant le développement et la maintenance de plateformes web, de services de consultance IT ou d’outsourcing IT) ;
  7. L’activité de support informatique de tout type ;
  8. Le développement et la gestion de plateformes web créées par la société.
  9. L’Etude, l’obtention, l’achat, la cession, la rétrocession, l’exploitation, la vente, la concession de tous brevets, licences de brevet, marques de fabrique, dessins, modèles, procédés, formules et secrets de fabrication concernant l’objet ci-avant relaté ;
  10. La participation à des programmes de recherche régionaux, nationaux et internationaux dans les domaines précités ;
  11. L’exploitation commerciale de toutes affaires dérivant ou se rattachant directement ou indirectement à l’objet ci-dessus ;
  12. L’organisation d’évènements et de formations dans les domaines précités ;
  13. Accomplir toutes opérations industrielles, économiques, financières, mobilières ou immobilières se rapportant directement ou indirectement à son objet social ou qui seraient de nature à en faciliter directement ou indirectement, entièrement ou partiellement, la réalisation.
  14. S'intéresser par voie d'apport, de fusion, de souscription ou de toute autre manière dans toutes affaires, entreprises, associations ou sociétés, en Belgique ou à l'étranger, ayant un objet identique, analogue ou connexe au sien ou qui soit de nature à favoriser le développement de son entreprise, à lui procurer des matières premières ou à faciliter l'écoulement de ses produits.
  15. Se porter garant ou fournir des sûretés réelles pour des sociétés ou des personnes privées, au sens le plus large.
  16. Exercer les fonctions d’administrateur ou liquidateur dans d’autres sociétés.
deed of 28-11-2025 (in French)

Registered office and establishments

2 establishments
Establishment Since Unit number
Arnaud Fraiteurlaan 15/23 registered office 1050 Ixelles
TWINNTECH Avenue d'Ecolys 30, 5020 Namur 15-10-2019 2.294.776.312
TWINNTECH Arnaud Fraiteurlaan 15, 1050 Ixelles 01-07-2023 2.349.640.502
1 former office
  • 5020 Namur until the deed of 09-02-2024

Buildings and parcels at the addresses

Ground area
1.3 ha
Buildings
2,517 m²
Volume, LiDAR
30,453 m³
Tallest building
28.5 m
Buildings to scale, each on its own parcel
1,655 m², 28.5 m 861 m², 2.6 m 1,655 m², 28.5 m 861 m², 2.6 m

Location

registered office establishment All 2 establishment units on the map

Parcels

Wallonia 1 (50%) Brussels 1 (50%)
Cadastral parcelRegionArea Buildings Height / floors
21446F0030/00A000Brussels7,406 m² 1 · 1,655 m² 28.5 m · 6
92120F0026/00Y003Wallonia5,866 m² 1 · 861 m² 2.6 m

Contact

Website www.twinntax.com
E-mail support@twinntax.com

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