TWINS 2017
ActiveSummary
The computed 12-month bankruptcy probability of TWINS 2017 is 2.6% (moderate). The 2025 annual accounts show negative equity (€-116k) and a net result of €80k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 4157 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▼-18
Solvency17▲+10
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.93 against 0.69 in 2024; short-term debt: 95% and cash: 55.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
Sector 47
higher
← 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
-8%
Return on assets
5.4%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 4157 sector peers (2025).
NBB · sector comparisonPosition among 4157 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 29-09-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2026
not confirmed
2025
29 d late
2024
26 d late
2023
31 d early
2022
29 d late
2021
29 d late
2020
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€80k▲ 21.0%
2024 · €66k
2019: €79k
2020: €-167k
2021: €-141k
2022: €-85k
2023: €41k
2024: €66k
2019 → 2025
Working capital
€-94k▲ 73.1%
2024 · €-350k
2019: €-32k
2020: €-164k
2021: €-323k
2022: €-450k
2023: €-442k
2024: €-350k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-158k-€-258k▼ 63.2%€-232k▲ 10.2%€-181k▲ 22.0%€-116k▲ 35.8%
Operating result€-143k-€-93k▲ 34.7%€56k€78k▲ 37.4%€126k▲ 62.1%
Net result€-141k-€-85k▲ 39.3%€41k€66k▲ 59.9%€80k▲ 21.0%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 62% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.46M
Fixed assets
€167k ▼ 26.5%
Current assets
€1.29M ▲ 65.8%
Key figures and ratios
EBITDA
€185k▲
2024 · €135k
Cash flow
€139k▲
2024 · €123k
Solvency
-8.0%▲
2024 · -18.0%
Current ratio
0.93▲
2024 · 0.69
Quick ratio
0.81▲
2024 · 0.54
Debt to equity
-13.57▼
2024 · -6.57
ROA
5.4%▼
2024 · 6.5%
Interest coverage
3.03▼
2024 · 5.03
Debt
€1.58M▲
2024 · €1.19M
Debt ≤ 1 year
€1.39M▲
2024 · €1.13M
Staff costs
€624k▲
2024 · €509k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.01M€1.46M▲
Fixed assets21/28€227k€167k▼
Tangible fixed assets22/27€224k€167k▼
Plant, machinery and equipment23€223k€167k▼
Furniture and vehicles24€640€426▼
Financial fixed assets28€3k-
Current assets29/58€780k€1.29M▲
Stocks and contracts in progress3€166k€173k▲
Stocks30/36€166k€173k▲
Amounts receivable within one year40/41€28k€32k▲
Trade receivables40€12k€16k▲
Other amounts receivable41€17k€16k▼
Cash at bank and in hand54/58€559k€809k▲
Deferred charges and accrued income490/1€27k€280k▲
Equity and liabilities
Total equity and liabilities10/49€1.01M€1.46M▲
Equity10/15€-181k€-116k▲
Contributions10/11€6k€6k=
Reserves13€32k€32k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€30k€32k▲
Profit (loss) carried forward14€-279k€-200k▲
Investment grants15€60k€45k▼
Amounts payable17/49€1.19M€1.58M▲
Amounts payable within one year42/48€1.13M€1.39M▲
Trade debts44€996k€1.31M▲
Suppliers440/4€996k€1.31M▲
Taxes, remuneration and social security45€60k€50k▼
Remuneration and social security454/9€60k€50k▼
Other amounts payable47/48€75k€31k▼
Accrued charges and deferred income492/3€58k€189k▲
Income statement
Code20242025
Remuneration, social security and pensions62€509k€624k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€59k▲
Other operating charges640/8€11k€2k▼
Gross operating margin9900€655k€811k▲
Operating profit (loss)9901€78k€126k▲
Financial income75/76B€15k€15k▼
Recurring financial income75€15k€15k▼
Financial charges65/66B€27k€61k▲
Recurring financial charges65€27k€61k▲
Profit (loss) for the period before taxes9903€66k€80k▲
Profit (loss) for the period9904€66k€80k▲
Profit (loss) for the period to be appropriated9905€66k€80k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-279k€-200k▲
Profit (loss) brought forward from the previous period14P€-345k€-279k▲
Social balance
Average headcount (FTE)908716.616.3▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 29 days late
31-01
Financial
Highest result since 2019net €80k ▲21%
Operating result €126k, net result €80k, both a record.
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-01
Financial
Back to profitnet €41k
Net result €41k after 3 loss-making years.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
31-01
Financial
Weakest financial yearnet €-167k ▼312%
Net result drops to €-167k, the lowest in the series; recovery starts the following year.
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brussel · 2 establishment units since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Livingstonelaan 8-101000 BrusselGround area
4,501 m²
Building footprint
1,156 m²
Volume, LiDAR
28,302 m³
3 parcels, Brussels · tallest building 30.9 m, ±9 floors. Linked by address, not a title deed.
2 establishment units
Carrefour Express
since 20172.265.717.585
Carrefour Express
since 20172.265.717.486
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0099/00T000 | Brussels | 3,721 m² | 1 · 1,113 m² | 30.9 m · 9 fl. |
| 21304B0017/00E011indicative | Brussels | 646 m² | - | - |
| 21002A0099/00W004 | Brussels | 134 m² | 1 · 43 m² | 12.5 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 24 EUR awarded · 24 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 24 EUR | 24 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesOudergem2.265.717.585
Sint-Jans-Molenbeek2.265.717.486
Similar companies · same sector, comparable size
G&J SANDHU
BE 0843.179.428
Aalst · Eq €111,728
D & D Brothers
BE 0546.554.814
Gent · Eq €111,551
PINKY
BE 0861.363.760
Lebbeke · Eq €111,913
A-Z DISTRIBUTION
BE 0696.712.002
Sint-Jans-Molenbeek · Eq €112,019
Generale Belgische Shops en Snacks
BE 0474.701.271
Vilvoorde · Eq €112,025
Of 10,519 companies in sector 47110 we hold annual accounts for 5,857. 4,614 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-07-2017
Fiscal year end31-01
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.