Summary
Twins Base is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €56,371 and a net result of €13,853. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 89% of 8094 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €56,371
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 31-07-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
41 d early
2023
37 d early
2022
45 d early
2021
44 d early
2020
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 20 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
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Financials · fiscal year 2025, micro schema
Equity
€56,371▲ 10.2%
2024 · €51,149
Net result
€13,853▲ 93.8%
2024 · €7,146
Total assets
€62,182▲ 8.5%
2024 · €57,297
Solvency
90.7%▲ 1.4pp
2024 · 89.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€1,564▼ 54.9%-€9,376-€13,442▼ 43.4%€4,271€1,644▼ 61.5%
Net result€4,929within the sector's middle half▼ 50.0%-€6,105below the sector's middle half-€10,251below the sector's middle half▼ 67.9%€7,146within the sector's middle half€13,853within the sector's middle half▲ 93.8%
Equity€67,088within the sector's middle half▲ 3.9%€58,645within the sector's middle half▼ 12.6%€46,084within the sector's middle half▼ 21.4%€51,149within the sector's middle half▲ 11.0%€56,371within the sector's middle half▲ 10.2%
Total assets€75,644below the sector's middle half▲ 2.7%€71,290below the sector's middle half▼ 5.8%€56,112below the sector's middle half▼ 21.3%€57,297below the sector's middle half▲ 2.1%€62,182below the sector's middle half▲ 8.5%
Debt€1,973▲ 32.6%€7,064▲ 258%€5,438▼ 23.0%€2,449▼ 55.0%€5,811▲ 137%
Working capital€5,660within the sector's middle half▼ 42.6%€6,491within the sector's middle half▲ 14.7%-€3,813within the sector's middle half€7,028within the sector's middle half€11,890within the sector's middle half▲ 69.2%
Solvency88.7%above the sector's middle half▲ 1.0pp82.3%above the sector's middle half▼ 6.4pp82.1%above the sector's middle half▼ 0.1pp89.3%above the sector's middle half▲ 7.1pp90.7%above the sector's middle half▲ 1.4pp
Current ratio3.87within the sector's middle half▼ 3.752.78within the sector's middle half▼ 1.090.30below the sector's middle half▼ 2.483.87within the sector's middle half▲ 3.573.11within the sector's middle half▼ 0.76
Return on assets (ROA)6.5%within the sector's middle half▼ 6.9pp-8.6%below the sector's middle half▼ 15.1pp-18.3%below the sector's middle half▼ 9.7pp12.5%within the sector's middle half▲ 30.7pp22.3%within the sector's middle half▲ 9.8pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 falls in 2025; 2025 is 62% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €62,182
Fixed assets
€44,648 ▼ 6.6%
Current assets
€17,534 ▲ 85.0%
Equity and liabilities €62,182
Equity
€56,371 ▲ 10.2%
Provisions
€0 ▼ 100%
Debt
€5,811 ▲ 137%
Debt's share of the balance-sheet total rises from 4.3% to 9.3%. Equity and debt are higher.
Key figures and ratios
ROE
24.6%▲
2024 · 14.0%
Debt ≤ 1 year
€5,645▲
2024 · €2,449
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,606 | €6,856 | €6,667 | €6,667 | €7,247 | ▲ 8.7% |
| Other operating charges640/8 | €1,820 | €1,864 | €2,037 | €2,110 | €2,173 | ▲ 3.0% |
| Gross operating margin9900 | €9,990 | -€656 | -€4,737 | €13,048 | €11,063 | ▼ 15.2% |
| Operating profit (loss)9901 | €1,564 | -€9,376 | -€13,442 | €4,271 | €1,644 | ▼ 61.5% |
| Financial income75/76B | €2,389 | €2,338 | €2,311 | €2,081 | €8,631 | ▲ 315% |
| Recurring financial income75 | €2,389 | €2,338 | €2,311 | €2,081 | €8,631 | ▲ 315% |
| Financial charges65/66B | €48 | €69 | €110 | €97 | €121 | ▲ 24.7% |
| Recurring financial charges65 | €48 | €69 | €110 | €97 | €121 | ▲ 24.7% |
| Profit (loss) for the period before taxes9903 | €3,905 | -€7,107 | -€11,241 | €6,254 | €10,154 | ▲ 62.3% |
| Transfer from deferred taxes780 | €1,024 | €1,002 | €990 | €892 | €3,699 | ▲ 315% |
| Profit (loss) for the period9904 | €4,929 | -€6,105 | -€10,251 | €7,146 | €13,853 | ▲ 93.8% |
| Profit (loss) for the period to be appropriated9905 | €4,929 | -€6,105 | -€10,251 | €7,146 | €13,853 | ▲ 93.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,644 | €71,290 | €56,112 | €57,297 | €62,182 | ▲ 8.5% |
| Fixed assets21/28 | €68,011 | €61,155 | €54,488 | €47,821 | €44,648 | ▼ 6.6% |
| Tangible fixed assets22/27 | €68,011 | €61,155 | €54,488 | €47,821 | €44,648 | ▼ 6.6% |
| Land and buildings22 | €68,011 | €61,155 | €54,488 | €47,821 | €44,648 | ▼ 6.6% |
| Current assets29/58 | €7,633 | €10,135 | €1,625 | €9,476 | €17,534 | ▲ 85.0% |
| Amounts receivable within one year40/41 | €1,563 | €4,847 | €795 | €710 | €1,365 | ▲ 92.4% |
| Trade receivables40 | - | €4,138 | - | - | - | - |
| Other amounts receivable41 | €1,563 | €709 | €795 | €710 | €1,365 | ▲ 92.4% |
| Cash at bank and in hand54/58 | €6,070 | €5,289 | €829 | €8,767 | €16,169 | ▲ 84.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,644 | €71,290 | €56,112 | €57,297 | €62,182 | ▲ 8.5% |
| Equity10/15 | €67,088 | €58,645 | €46,084 | €51,149 | €56,371 | ▲ 10.2% |
| Contributions10/11 | €21,125 | €21,125 | €21,125 | €21,125 | €21,125 | = |
| Reserves13 | €20,741 | €20,741 | €20,741 | €21,394 | €35,246 | ▲ 64.8% |
| Distributable reserves133 | €20,741 | €20,741 | €20,741 | €21,394 | €35,246 | ▲ 64.8% |
| Profit (loss) carried forward14 | €9,863 | €3,757 | -€6,493 | - | - | - |
| Investment grants15 | €15,360 | €13,022 | €10,711 | €8,631 | €0 | ▼ 100% |
| Provisions and deferred taxes16 | €6,583 | €5,581 | €4,591 | €3,699 | €0 | ▼ 100% |
| Deferred taxes168 | €6,583 | €5,581 | €4,591 | €3,699 | €0 | ▼ 100% |
| Amounts payable17/49 | €1,973 | €7,064 | €5,438 | €2,449 | €5,811 | ▲ 137% |
| Amounts payable within one year42/48 | €1,973 | €3,644 | €5,438 | €2,449 | €5,645 | ▲ 131% |
| Trade debts44 | - | €348 | €115 | €126 | €199 | ▲ 57.8% |
| Suppliers440/4 | - | €348 | €115 | €126 | €199 | ▲ 57.8% |
| Taxes, remuneration and social security45 | €862 | €979 | - | - | €1,277 | - |
| Taxes450/3 | €862 | €979 | - | - | €1,277 | - |
| Other amounts payable47/48 | €1,111 | €2,317 | €5,323 | €2,323 | €4,169 | ▲ 79.5% |
| Accrued charges and deferred income492/3 | - | €3,420 | - | - | €166 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,929 | -€6,105 | -€10,251 | €7,146 | €13,853 | ▲ 93.8% |
| + Depreciation and write-downs630 | €6,606 | €6,856 | €6,667 | €6,667 | €7,247 | ▲ 8.7% |
| Operating cash flow (approximation) | €11,535 | €751 | -€3,584 | €13,813 | €21,100 | ▲ 52.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€4,074 | - |
| Change in cash | - | -€781 | -€4,460 | €7,937 | €7,403 | ▼ 6.7% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €13,853 ▲93.8%
Net result €13,853, the highest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €7,146
Net result €7,146 after 2 loss-making years.
31-12
Financial
Liquidity times 13current ratio 3.87
Current ratio from 0.30 to 3.87; short-term debt falls from €5,438 to €2,449.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€10,251
Net result drops to -€10,251, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Bredene · 1 establishment unit since 2020
Ground area
855 m²
Building footprint
143 m²
Volume, LiDAR
1,644 m³
Parcel 35002B0232/00T000, Flanders · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Twins Base
since 20202.299.460.719
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35002B0232/00T000 | Flanders | 855 m² | 1 · 143 m² | 16.0 m · 4 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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Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 10,792 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
68204Real estate activities
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0741790573
Also
9925:BE0741790573
Registered
27-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.