TWINS

Active

Public limited companyfounded 1991active for 35 yearsPrins Karelstraat(Odk) 7, 8670 Koksijde, BelgiumKBO/BCE: BE 0444.044.026

Summary

TWINS has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €130,918. Equity is growing by about 21% per year across the filed financial years. Its solvency ranks better than 72% of 943 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow Report Compare

TWINSActiveChecked score 90/100

Risk analysis Report Compare

Activity

Limited-service restaurants, excluding mobile food services

NACE 56112Full-service restaurants NACE 56111

3rd largest company by equity in Koksijde, Accommodation and food service sector1 site

Size

€3.1mtotal assets 2025

Staff: 4.4 FTE
Equity: €1.6m
Profit: €130,918

Financial health

90 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.2%

Structure

Board: 4 members

David DebeckerManaging director

2025 accounts on time2 of 8 deeds summarised

Why 90raises riskSector: Food and beverage service activities (NACE 56)lowers riskFounded in 1991Size: 4.4 FTE, total assets €3.1mFigures for financial year 2025 (filed 31-07-2026)Show the evidence

Checked score

Score 2025

90 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 61% of its sector peers (NACE 56, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 77+4

equity 52.4% of total assets

Liquidity 58=

short-term debt 15.1% · cash 9.2%

Profitability 74-3

return on assets 4.2%

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,763 companies, NACE 56, micro)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.2%▲ +0.1 percentage points vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025highest value 09-2025: 0.1%▼ -0.3 percentage points 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 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.2%▲ +0.1 percentage points vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026

Credit of up to €140,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.01, compared with 0.82 in 2024, below the usual 1.5; short-term debt: 15.1% and cash: 9.2% of total assets), and 47.6% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 56, micro): better than 70% on solvency, 62% on liquidity, 56% on profitability and 54% on growth.

The bankruptcy probability was computed on 26-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

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

Signals

Five signals.

lowers riskraises riskneutral

Founded in 1991

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Sector: Food and beverage service activities (NACE 56)

KBO

Size: 4.4 FTE, total assets €3.1m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Figures for financial year 2025 (filed 31-07-2026)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

on the day

2024

13 days late

2023

57 days late

2022

9 days late

2021

29 days late

2020

61 days late

2019

8 days 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 23 days after the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)

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 13 August (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

27-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

31-07-2026 Annual accounts filedfinancial year 2025 · full…
13-08-2025 Annual accounts filedfinancial year 2024 · abbreviated…
26-09-2024 Annual accounts filedfinancial year 2023 · abbreviated…

Key points

Positive: 3rd largest company by equity in Koksijde, Accommodation and food service sectorin the Checked rankings No. 3 View
Positive: 8 profitable years in a rowprofit 2025: €130,918 8 years View
Caution: Result fell in 2025from €205,987 to €130,918 ▼ 36.4% View

By topic

Financials

Financial year: 2025
Total assets: €3.1m
Profit: €130,918
Solvency: 52.4%

Total assets▼ 1.3%

Net result

20182025

Go to Financials

Board & ownership

Board: 4 members

David DebeckerManaging director
Leen Van AelstDirector
Pierre DebeckerManaging director
Veerle AndriesDirector

Go to Board & ownership

Timeline

Events: 40
Since: 1992
Next accounts: by 31-07-2027

02-01-2024Amendment of the articles · Miscellaneous
31-12-2023Highest result from 2018 to 2025
14-09-2023Reappointments: David Debecker, Pierre Debecker and 2…

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Limited-service restaurants, excluding mobile food servicesNACE 56112
Founded: 08-05-1991
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 36

Who signs: A managing director alone
Annual meeting: Third Wednesday of February at 15:00
Purpose: “De uitbating van tea-rooms, ijssalons, restaurants, snack-bars, tavernes, pubs en alle…” (deed in Dutch)

Go to Articles of association

Key facts about TWINS

What is the company number of TWINS?: 0444.044.026. In Belgium the VAT number is the company number with BE in front: BE 0444.044.026.
Where is TWINS based?: The registered office is at Prins Karelstraat(Odk) 7, 8670 Koksijde.Company details
What does TWINS do?: According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
What is the legal form of TWINS?: Public limited company (NV).
When was TWINS founded?: On 08-05-1991.
Is TWINS still active?: Yes, TWINS is an active enterprise in the KBO register.
How many employees does TWINS have?: On average 4.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of TWINS?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is TWINS profitable?: In financial year 2025, TWINS made a profit of €130,918.
Where can I find the annual accounts of TWINS?: TWINS filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TWINS due?: By 31-07-2027, for financial year 2026.Timeline