TWINPLAST
ActiveSummary
TWINPLAST has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €118,319. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 76% of 5071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-2
Solvency95▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 3.96 against 3.72 in 2024; short-term debt: 25.1% and cash: 21.8% of total assets), and 30.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
69.7%
Return on assets
5.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
38 d early
2023
36 d early
2022
38 d early
2021
68 d early
2020
64 d early
2019
39 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 41 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 23 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€118,319▼ 17.4%
2024 · €143,311
Working capital
€1.5m▲ 8.3%
2024 · €1.4m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€611,587▲ 155%€152,806▼ 75.0%€246,149▲ 61.1%€195,112▼ 20.7%€188,065▼ 3.6%
Net result€452,188above the sector's middle half▲ 177%€111,962within the sector's middle half▼ 75.2%€180,975above the sector's middle half▲ 61.6%€143,311within the sector's middle half▼ 20.8%€118,319within the sector's middle half▼ 17.4%
Equity€857,638within the sector's middle half▲ 112%€969,600within the sector's middle half▲ 13.1%€1.2mwithin the sector's middle half▲ 18.7%€1.3mabove the sector's middle half▲ 12.5%€1.4mwithin the sector's middle half▲ 9.1%
Total assets€1.5mwithin the sector's middle half▲ 43.6%€1.5mwithin the sector's middle half▲ 4.9%€1.6mwithin the sector's middle half▲ 6.3%€1.9mwithin the sector's middle half▲ 18.4%€2.0mwithin the sector's middle half▲ 5.7%
Debt€594,404▼ 1.8%€553,066▼ 7.0%€467,456▼ 15.5%€622,611▲ 33.2%€612,656▼ 1.6%
Working capital€902,352above the sector's middle half▲ 128%€1.0mabove the sector's middle half▲ 11.0%€1.3mabove the sector's middle half▲ 30.0%€1.4mabove the sector's middle half▲ 6.5%€1.5mwithin the sector's middle half▲ 8.3%
Solvency59.1%within the sector's middle half▲ 19.0pp63.7%within the sector's middle half▲ 4.6pp71.1%above the sector's middle half▲ 7.4pp67.5%within the sector's middle half▼ 3.6pp69.7%above the sector's middle half▲ 2.2pp
Current ratio2.71within the sector's middle half▲ 1.052.98within the sector's middle half▲ 0.285.44above the sector's middle half▲ 2.463.72above the sector's middle half▼ 1.723.96above the sector's middle half▲ 0.24
Return on assets (ROA)31.1%above the sector's middle half▲ 15.0pp7.4%within the sector's middle half▼ 23.8pp11.2%above the sector's middle half▲ 3.8pp7.5%within the sector's middle half▼ 3.7pp5.8%within the sector's middle half▼ 1.6pp
Staff (FTE)15.4above the sector's middle half▼ 12.5%13.1above the sector's middle half▼ 14.9%13.4above the sector's middle half▲ 2.3%13.9above the sector's middle half▲ 3.7%13.3within the sector's middle half▼ 4.3%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€12,917 ▼ 26.4%
Current assets
€2.0m ▲ 6.0%
Equity and liabilities €2.0m
Equity
€1.4m ▲ 9.1%
Debt
€612,656 ▼ 1.6%
Debt's share of the balance-sheet total falls from 32.5% to 30.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€192,705▼
2024 · €201,086
Cash flow
€122,958▼
2024 · €149,285
Quick ratio
3.55▲
2024 · 3.34
Debt to equity
0.43▼
2024 · 0.48
ROE
8.4%▼
2024 · 11.1%
Interest coverage
13.32▼
2024 · 16.48
Debt ≤ 1 year
€508,265▼
2024 · €510,980
Debt > 1 year
€104,392▼
2024 · €111,631
Income taxes
€61,956▲
2024 · €57,848
Staff costs
€895,149▼
2024 · €948,872
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 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 0.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 20,134 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 | €742,296 | €739,303 | €876,738 | €948,872 | €895,149 | ▼ 5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,105 | €9,056 | €7,952 | €5,974 | €4,639 | ▼ 22.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €2,789 | - | -€2,136 | - | - |
| Other operating charges640/8 | €5,485 | €5,577 | €3,082 | €3,889 | €3,549 | ▼ 8.7% |
| Gross operating margin9900 | €1.4m | €909,531 | €1.1m | €1.2m | €1.1m | ▼ 5.2% |
| Operating profit (loss)9901 | €611,587 | €152,806 | €246,149 | €195,112 | €188,065 | ▼ 3.6% |
| Financial income75/76B | €387 | €4,220 | €11,742 | €18,251 | €6,678 | ▼ 63.4% |
| Recurring financial income75 | €387 | €4,220 | €11,742 | €18,251 | €6,678 | ▼ 63.4% |
| Financial charges65/66B | €10,255 | €9,972 | €14,117 | €12,205 | €14,468 | ▲ 18.5% |
| Recurring financial charges65 | €10,255 | €9,972 | €14,117 | €12,205 | €14,468 | ▲ 18.5% |
| Profit (loss) for the period before taxes9903 | €601,719 | €147,054 | €243,775 | €201,158 | €180,275 | ▼ 10.4% |
| Income taxes67/77 | €149,531 | €35,092 | €62,801 | €57,848 | €61,956 | ▲ 7.1% |
| Profit (loss) for the period9904 | €452,188 | €111,962 | €180,975 | €143,311 | €118,319 | ▼ 17.4% |
| Transfer to tax-exempt reserves689 | - | - | - | €113,249 | - | - |
| Profit (loss) for the period to be appropriated9905 | €452,188 | €111,962 | €180,975 | €30,062 | €118,319 | ▲ 294% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.5m | €1.6m | €1.9m | €2.0m | ▲ 5.7% |
| Fixed assets21/28 | €21,067 | €15,650 | €21,952 | €17,556 | €12,917 | ▼ 26.4% |
| Tangible fixed assets22/27 | €21,067 | €15,650 | €21,952 | €17,556 | €12,917 | ▼ 26.4% |
| Land and buildings22 | €3,623 | €2,824 | €8,249 | €6,815 | €5,382 | ▼ 21.0% |
| Plant, machinery and equipment23 | €5,484 | €5,081 | €5,276 | €3,702 | €2,221 | ▼ 40.0% |
| Furniture and vehicles24 | €11,960 | €7,745 | €8,428 | €7,038 | €5,314 | ▼ 24.5% |
| Current assets29/58 | €1.4m | €1.5m | €1.6m | €1.9m | €2.0m | ▲ 6.0% |
| Amounts receivable after more than one year29 | €75,000 | €106,000 | €106,000 | €106,000 | €106,000 | = |
| Other amounts receivable291 | €75,000 | €106,000 | €106,000 | €106,000 | €106,000 | = |
| Stocks and contracts in progress3 | €213,325 | €221,029 | €193,508 | €192,854 | €208,518 | ▲ 8.1% |
| Stocks30/36 | €213,325 | €221,029 | €193,508 | €192,854 | €208,518 | ▲ 8.1% |
| Amounts receivable within one year40/41 | €470,712 | €376,668 | €458,391 | €1.1m | €1.2m | ▲ 13.7% |
| Trade receivables40 | €458,872 | €341,043 | €317,602 | €269,853 | €315,346 | ▲ 16.9% |
| Other amounts receivable41 | €11,841 | €35,625 | €140,789 | €800,234 | €900,991 | ▲ 12.6% |
| Current investments50/53 | - | - | €352,260 | - | - | - |
| Cash at bank and in hand54/58 | €658,969 | €778,502 | €472,598 | €501,936 | €441,015 | ▼ 12.1% |
| Deferred charges and accrued income490/1 | €12,969 | €24,817 | €13,322 | €28,065 | €40,074 | ▲ 42.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.6m | €1.9m | €2.0m | ▲ 5.7% |
| Equity10/15 | €857,638 | €969,600 | €1.2m | €1.3m | €1.4m | ▲ 9.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €112,444 | €112,444 | €112,444 | €225,693 | €225,693 | = |
| Non-distributable reserves130/1 | €28,694 | €28,694 | €28,694 | €28,694 | €28,694 | = |
| Legal reserve130 | €28,694 | €28,694 | €28,694 | €28,694 | €28,694 | = |
| Tax-exempt reserves132 | €18,750 | €18,750 | €18,750 | €131,999 | €131,999 | = |
| Distributable reserves133 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Profit (loss) carried forward14 | €683,195 | €795,157 | €976,131 | €1.0m | €1.1m | ▲ 11.8% |
| Amounts payable17/49 | €594,404 | €553,066 | €467,456 | €622,611 | €612,656 | ▼ 1.6% |
| Amounts payable after more than one year17 | - | €3,200 | €125,484 | €111,631 | €104,392 | ▼ 6.5% |
| Financial debts170/4 | - | €3,200 | €125,484 | €111,631 | €104,392 | ▼ 6.5% |
| Amounts payable within one year42/48 | €528,623 | €505,003 | €293,331 | €510,980 | €508,265 | ▼ 0.5% |
| Current portion of amounts payable after more than one year42 | - | - | €13,369 | €23,963 | €19,490 | ▼ 18.7% |
| Financial debts43 | €139,151 | €80,610 | - | €59,000 | €119,328 | ▲ 102% |
| Credit institutions430/8 | €139,151 | €80,610 | - | €59,000 | €119,328 | ▲ 102% |
| Trade debts44 | €183,414 | €233,270 | €161,176 | €287,912 | €227,410 | ▼ 21.0% |
| Suppliers440/4 | €183,414 | €233,270 | €161,176 | €287,912 | €227,410 | ▼ 21.0% |
| Taxes, remuneration and social security45 | €206,058 | €191,123 | €118,776 | €140,105 | €142,037 | ▲ 1.4% |
| Taxes450/3 | €87,406 | €103,105 | €12,859 | €24,021 | €30,544 | ▲ 27.2% |
| Remuneration and social security454/9 | €118,652 | €88,018 | €105,916 | €116,084 | €111,493 | ▼ 4.0% |
| Other amounts payable47/48 | - | - | €11 | - | - | - |
| Accrued charges and deferred income492/3 | €65,781 | €44,863 | €48,641 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €452,188 | €111,962 | €180,975 | €143,311 | €118,319 | ▼ 17.4% |
| + Depreciation and write-downs630 | €7,105 | €9,056 | €7,952 | €5,974 | €4,639 | ▼ 22.3% |
| Operating cash flow (approximation) | €459,293 | €121,018 | €188,926 | €149,285 | €122,958 | ▼ 17.6% |
| Investment in fixed assets (approximation) | - | -€3,639 | -€14,254 | -€1,578 | €0 | ▲ 100% |
| Change in cash | - | €119,533 | -€305,904 | €29,338 | -€60,921 | ▼ 308% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
06-07
State Gazette act
Resignations: White Capital BV, Volkaerts Louis and S'Jongers BV4 facts ▸
State Gazette act
Resignations: White Capital BV, Volkaerts Louis and S'Jongers BV
4 facts ▸
- General meeting, 01-06-2026
- Director resignation, White Capital BV (director)
- Director resignation, Volkaerts Louis (director)
- Director resignation, S'Jongers BV (director)
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1mEq €1.2m ▲18.7%
6 profitable years in a row build equity to €1.2m.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €452,188 ▲177%
Operating result €611,587, net result €452,188, both a record.
31-12
Financial
Equity above €500,000Eq €857,638 ▲112%
4 profitable years in a row build equity to €857,638.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-06
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.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
9 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Katelijne-Waver · 1 establishment unit since 1995
Ground area
140 m²
Building footprint
179 m²
Volume, LiDAR
729 m³
Parcel 12027A0194/00H000, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
TWINPLAST NV
since 19952.070.028.597
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12027A0194/00H000 | Flanders | 140 m² | 1 · 179 m² | 7.2 m · 1 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.
Mandate history
3 people since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| S'Jongers BV |
|
| Volkaerts Louis |
|
| White Capital BV |
|
Structure & network
Owners and holdings
1 ownerChain of control
- LVANCOP
- POLYSIERTEGELS
- TWINPLAST
Highest known parent: LVANCOP. The sources do not say who stands above it.
Owners 1
- POLYSIERTEGELSparent100%
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 33,035 EUR awarded · 28,157 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 11,400 EUR | 6,522 EUR |
| 2024 | 1 | 7,500 EUR | 7,500 EUR |
| 2023 | 1 | 7,500 EUR | 10,103 EUR |
| 2022 | 1 | 6,635 EUR | 4,032 EUR |
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Of 432 companies in sector 46869 we hold annual accounts for 244. 172 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-12-1994
Fiscal year end31-12
Activities, NACEBEL 2025
22220Manufacture of rubber and plastic products
46869Wholesale trade
47789Other retail sale of new goods
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454063334
Registered
09-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.