TWINS
ActiveSummary
TWINS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€34,294) and a net result of €15,928. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 15% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+17
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.65 against 0.59 in 2024; short-term debt: 124.3% and cash: 2.8% of total assets), and equity is negative.
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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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-31.7%
Return on assets
14.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 18606 sector peers (2025).
NBB · sector comparisonPosition among 18606 sector peers
Solvency
better than 15%
← weakest
strongest →
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 10-04-2026, 112 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
112 d early
2024
109 d early
2023
27 d early
2022
116 d early
2021
41 d early
2020
26 d early
2019
17 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 64 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 13 April (4 of the last 5 filed years within 68 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€34,294▲ 31.7%
2024 · -€50,222
Total assets
€108,231▼ 3.8%
2024 · €112,512
Net result
€15,928▲ 54.8%
2024 · €10,290
Working capital
-€47,591▲ 23.8%
2024 · -€62,431
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€3,569€5,083▲ 42.4%€12,096▲ 138%€13,728▲ 13.5%€18,942▲ 38.0%
Net result€3,308within the sector's middle half€4,622within the sector's middle half▲ 39.7%€10,572within the sector's middle half▲ 129%€10,290within the sector's middle half▼ 2.7%€15,928within the sector's middle half▲ 54.8%
Equity-€75,706below the sector's middle half▲ 4.2%-€71,084below the sector's middle half▲ 6.1%-€60,513below the sector's middle half▲ 14.9%-€50,222below the sector's middle half▲ 17.0%-€34,294below the sector's middle half▲ 31.7%
Total assets€69,311within the sector's middle half▼ 6.3%€70,613within the sector's middle half▲ 1.9%€89,561within the sector's middle half▲ 26.8%€112,512within the sector's middle half▲ 25.6%€108,231within the sector's middle half▼ 3.8%
Debt€145,016▼ 5.2%€141,697▼ 2.3%€150,074▲ 5.9%€162,734▲ 8.4%€142,525▼ 12.4%
Working capital-€84,973below the sector's middle half▲ 6.1%-€69,502below the sector's middle half▲ 18.2%-€71,531below the sector's middle half▼ 2.9%-€62,431below the sector's middle half▲ 12.7%-€47,591below the sector's middle half▲ 23.8%
Solvency-109.2%below the sector's middle half▼ 2.4pp-100.7%below the sector's middle half▲ 8.6pp-67.6%below the sector's middle half▲ 33.1pp-44.6%below the sector's middle half▲ 22.9pp-31.7%below the sector's middle half▲ 13.0pp
Current ratio0.41below the sector's middle half=0.47below the sector's middle half▲ 0.060.47below the sector's middle half=0.59below the sector's middle half▲ 0.120.65below the sector's middle half▲ 0.06
Return on assets (ROA)4.8%within the sector's middle half▲ 24.1pp6.5%within the sector's middle half▲ 1.8pp11.8%above the sector's middle half▲ 5.3pp9.1%within the sector's middle half▼ 2.7pp14.7%above the sector's middle half▲ 5.6pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 38% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108,231
Fixed assets
€21,327 ▼ 11.2%
Current assets
€86,904 ▼ 1.8%
Key figures and ratios
EBITDA
€21,636▲
2024 · €16,421
Cash flow
€18,621▲
2024 · €12,984
Quick ratio
0.05▲
2024 · 0.02
Debt to equity
-4.16▼
2024 · -3.24
Interest coverage
6.31▲
2024 · 4.76
Debt ≤ 1 year
€134,495▼
2024 · €150,922
Debt > 1 year
€6,180▼
2024 · €10,287
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% 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 497,662 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% | 1.7% |
| 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 75% 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 3,798 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,049 | €2,088 | €2,854 | €2,693 | €2,693 | = |
| Other operating charges640/8 | €1,084 | €1,474 | €1,761 | €1,346 | €502 | ▼ 62.7% |
| Gross operating margin9900 | €6,702 | €8,645 | €16,711 | €17,767 | €22,137 | ▲ 24.6% |
| Operating profit (loss)9901 | €3,569 | €5,083 | €12,096 | €13,728 | €18,942 | ▲ 38.0% |
| Financial income75/76B | €108 | €25 | €40 | €13 | €417 | ▲ 3,188% |
| Recurring financial income75 | €108 | €25 | €40 | €13 | €417 | ▲ 3,188% |
| Financial charges65/66B | €370 | €486 | €1,565 | €3,450 | €3,432 | ▼ 0.5% |
| Recurring financial charges65 | €370 | €486 | €1,565 | €3,450 | €3,432 | ▼ 0.5% |
| Profit (loss) for the period before taxes9903 | €3,308 | €4,622 | €10,572 | €10,290 | €15,928 | ▲ 54.8% |
| Profit (loss) for the period9904 | €3,308 | €4,622 | €10,572 | €10,290 | €15,928 | ▲ 54.8% |
| Profit (loss) for the period to be appropriated9905 | €3,308 | €4,622 | €10,572 | €10,290 | €15,928 | ▲ 54.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €69,311 | €70,613 | €89,561 | €112,512 | €108,231 | ▼ 3.8% |
| Fixed assets21/28 | €10,148 | €8,803 | €26,714 | €24,020 | €21,327 | ▼ 11.2% |
| Tangible fixed assets22/27 | €3,548 | €2,203 | €20,864 | €18,170 | €15,477 | ▼ 14.8% |
| Plant, machinery and equipment23 | €1,343 | €1,029 | €1,976 | €1,266 | €555 | ▼ 56.1% |
| Other tangible fixed assets26 | €2,205 | €1,174 | €18,887 | €16,904 | €14,922 | ▼ 11.7% |
| Financial fixed assets28 | €6,600 | €6,600 | €5,850 | €5,850 | €5,850 | = |
| Current assets29/58 | €59,163 | €61,809 | €62,847 | €88,491 | €86,904 | ▼ 1.8% |
| Stocks and contracts in progress3 | €50,702 | €54,072 | €53,307 | €85,442 | €79,718 | ▼ 6.7% |
| Stocks30/36 | €50,702 | €54,072 | €53,307 | €85,442 | €79,718 | ▼ 6.7% |
| Amounts receivable within one year40/41 | €1,087 | €1,433 | €2,591 | €1,673 | €2,205 | ▲ 31.8% |
| Trade receivables40 | €676 | €1,028 | €1,069 | €1,125 | €1,648 | ▲ 46.5% |
| Other amounts receivable41 | €411 | €405 | €1,522 | €548 | €557 | ▲ 1.8% |
| Cash at bank and in hand54/58 | €6,828 | €6,304 | €5,000 | €1,377 | €2,984 | ▲ 117% |
| Deferred charges and accrued income490/1 | €546 | - | €1,950 | - | €1,997 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €69,311 | €70,613 | €89,561 | €112,512 | €108,231 | ▼ 3.8% |
| Equity10/15 | -€75,706 | -€71,084 | -€60,513 | -€50,222 | -€34,294 | ▲ 31.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2,471 | €2,471 | €2,471 | €2,471 | €2,471 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | €612 | €612 | €2,471 | €2,471 | €2,471 | = |
| Profit (loss) carried forward14 | -€96,777 | -€92,155 | -€81,584 | -€71,293 | -€55,365 | ▲ 22.3% |
| Amounts payable17/49 | €145,016 | €141,697 | €150,074 | €162,734 | €142,525 | ▼ 12.4% |
| Amounts payable after more than one year17 | - | - | €14,195 | €10,287 | €6,180 | ▼ 39.9% |
| Financial debts170/4 | - | - | €14,195 | €10,287 | €6,180 | ▼ 39.9% |
| Amounts payable within one year42/48 | €144,136 | €131,311 | €134,379 | €150,922 | €134,495 | ▼ 10.9% |
| Current portion of amounts payable after more than one year42 | - | - | €3,719 | €3,908 | €4,107 | ▲ 5.1% |
| Financial debts43 | - | - | €13,000 | €25,000 | €24,800 | ▼ 0.8% |
| Credit institutions430/8 | - | - | €13,000 | €25,000 | €24,800 | ▼ 0.8% |
| Trade debts44 | €9,924 | €7,936 | €9,797 | €23,278 | €7,584 | ▼ 67.4% |
| Suppliers440/4 | €9,924 | €7,936 | €9,797 | €23,278 | €7,584 | ▼ 67.4% |
| Taxes, remuneration and social security45 | €9,768 | €8,046 | €836 | €4,498 | €8,501 | ▲ 89.0% |
| Taxes450/3 | €5,768 | €6,046 | €836 | €2,498 | €6,501 | ▲ 160% |
| Remuneration and social security454/9 | €4,000 | €2,000 | - | €2,000 | €2,000 | = |
| Other amounts payable47/48 | €124,444 | €115,330 | €107,026 | €94,238 | €89,502 | ▼ 5.0% |
| Accrued charges and deferred income492/3 | €881 | €10,386 | €1,500 | €1,525 | €1,851 | ▲ 21.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,308 | €4,622 | €10,572 | €10,290 | €15,928 | ▲ 54.8% |
| + Depreciation and write-downs630 | €2,049 | €2,088 | €2,854 | €2,693 | €2,693 | = |
| Operating cash flow (approximation) | €5,357 | €6,710 | €13,425 | €12,984 | €18,621 | ▲ 43.4% |
| Investment in fixed assets (approximation) | - | -€744 | -€20,764 | €0 | €0 | - |
| Change in cash | - | -€523 | -€1,305 | -€3,622 | €1,607 | ▲ 144% |
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
10-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €15,928 ▲54.8%
Net result €15,928, the highest in the series.
13-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3,308
Net result €3,308 after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€14,313
Net result drops to -€14,313, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €15,305
Net result €15,305 after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Tielt · 1 establishment unit since 2014
Ground area
372 m²
Building footprint
236 m²
Volume, LiDAR
1,435 m³
Parcel 37015K0846/00B000, Flanders · tallest building 11.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TWINSTORE
since 20142.232.251.003
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37015K0846/00B000 | Flanders | 372 m² | 1 · 235 m² | 11.7 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,495 companies in sector 47716 we hold annual accounts for 2,440. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-10-1996
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458969851
Also
9925:BE0458969851
Registered
22-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.