Twins Building
ActiveSummary
The computed 12-month bankruptcy probability of Twins Building is 2.1% (moderate). The 2025 annual accounts show equity of €18,606 and a net result of €15,606. Its solvency ranks better than 22% of 9,154 sector peers (NACE 41, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €18,606
- Profit
- €15,606
- Burton Lionel Sébastien Fernand GhislainDirector
- Burton Maxime Mickaël Francis GhislainDirector
Why 53raises riskSector: Construction of residential and non-residential buildings (NACE 41)Founded in 2025Size: total assets €123,585lowers riskLiquidity: current ratio 0.41, cash €32,129Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro): better than 22% on solvency, 31% on liquidity and 68% on profitability.
The bankruptcy probability was computed on 16-10-2026 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).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointments: Burton Lionel Sébastien Fernand…
Financials · financial year 2025, micro format
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96.7% are still going.
- Micro
- under 2 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 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 74.5% 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 2,390 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.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,204 |
| Other operating charges640/8 | €458 |
| Gross operating margin9900 | €27,185 |
| Operating profit (loss)9901 | €19,523 |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €36 |
| Recurring financial charges65 | €36 |
| Profit (loss) for the period before taxes9903 | €19,488 |
| Income taxes67/77 | €3,882 |
| Profit (loss) for the period9904 | €15,606 |
| Profit (loss) for the period to be appropriated9905 | €15,606 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €123,585 | |
| Fixed assets21/28 | €80,058 | |
| Intangible fixed assets21 | €1,830 | |
| Tangible fixed assets22/27 | €78,228 | |
| Plant, machinery and equipment23 | €8,535 | |
| Furniture and vehicles24 | €69,692 | |
| Current assets29/58 | €43,527 | |
| Amounts receivable within one year40/41 | €9,040 | |
| Trade receivables40 | €4,039 | |
| Other amounts receivable41 | €5,001 | |
| Cash at bank and in hand54/58 | €32,129 | |
| Deferred charges and accrued income490/1 | €2,358 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €123,585 | |
| Equity10/15 | €18,606 | |
| Contributions10/11 | €3,000 | |
| Reserves13 | €15,606 | |
| Distributable reserves133 | €15,606 | |
| Amounts payable17/49 | €104,979 | |
| Amounts payable within one year42/48 | €104,979 | |
| Trade debts44 | €6,510 | |
| Suppliers440/4 | €6,510 | |
| Taxes, remuneration and social security45 | €5,082 | |
| Taxes450/3 | €3,882 | |
| Remuneration and social security454/9 | €1,200 | |
| Other amounts payable47/48 | €93,388 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €15,606 |
| + Depreciation and write-downs630 | €7,204 |
| Operating cash flow (approximation) | €22,810 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00181932 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Burton Lionel Sébastien Fernand Ghislain |
|
| Burton Maxime Mickaël Francis Ghislain |
|
Owners and capital
Capital and shareholders
- Burton Lionel Sébastien Fernand Ghislain 50 shares (50%) · €1,500 in cash
- Burton Maxime Mickaël Francis Ghislain 50 shares (50%) · €1,500 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 18-09-2025 Incorporation · €3,000 · 100 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
18-09
Gazette deed
IncorporationAppointments: Burton Lionel Sébastien Fernand Ghislain (director) and Burton Maxime Mickaël Francis Ghislain (director) · Founding capital · Bank account13 facts ▸
- Incorporation, 15-09-2025
- Founding capital, €3,000
- Bank account, “BNP Paribas Fortis, compte spécial ouvert au nom de la société en formation” (deed in French)
- Declaration, “no bankruptcy, Les comparants déclarent ne pas avoir été déclaré en faillite jusqu'à ce jour” (deed in French) (2 times)
- Declaration, “regulatory authorizations, Ils déclarent et reconnaissent que le Notaire soussigné a attiré leur attention sur le fait que la société, dans l'exercice de son ob…” (deed in French)
- General meeting, 15-09-2025
- Registered office clause, “5100 Naninne, Rue Chaude Voie 73” (deed in French)
- Board rule, 2
- Director appointment, Burton Lionel Sébastien Fernand Ghislain (director)
- Director appointment, Burton Maxime Mickaël Francis Ghislain (director)
- Pre-incorporation commitments, “takeover, Tous les engagements ainsi que les obligations qui en résultent, et toutes les activités entreprises” (deed in French)
- Power of attorney, Burton Lionel Sébastien Fernand Ghislain
- +1 further fact in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 17 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1027.680.653
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92095B0359/00N000 | Wallonia | 1,397 m² | 1 · 101 m² | 9.2 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutes opérations se rapportant directement ou indirectement à la réalisation de toutes opérations foncières et immobilières; La…” (deed in French)
14 activities (deed in French)
- Toutes opérations se rapportant directement ou indirectement à la réalisation de toutes opérations foncières et immobilières
- La constitution et la gestion d’un patrimoine immobilier et la location-financement de biens immeubles aux tiers, notamment l’acquisition par l’achat ou autrement, la vente, l’échange, la construction, la reconstruction, la transformation, l’amélioration, l’équipement, l’aménagement, l’embellissement, l’entretien, l’exploitation, la location, la prise en location, le lotissement, la prospection et l’exploitation de biens immeubles, ainsi que toutes opérations qui, directement ou indirectement, sont en relation avec cet objet et qui sont de nature à favoriser l’accroissement et le rapport d’un patrimoine immobilier
- L'achat, la vente, l'échange, la construction, la reconstruction, la démolition, la transformation, l'exploitation, la location et la gérance de tous immeubles bâtis, meublés ou non
- L'achat, la vente, l'échange, la mise en valeur, le lotissement, l'exploitation, la location et l'affermage de tous immeubles non bâtis
- L’entreprise de construction générale (soit terrassement, égouttage, fondation, gros œuvre, couverture, isolation, maçonnerie, menuiseries intérieures et extérieures, sanitaire, plomberie, électricité, carrelage, plafonnage, climatisation, chauffage, finitions, coordination générale sur chantier) de tous types de bâtiments, résidentiels ou non, notamment bureaux, commerces, maisons, appartements, entrepôts, ateliers, ainsi que l’aménagement et la création de parcs, jardins, espaces extérieurs
- La conception, décoration et aménagement d’espaces intérieurs ; conception, design, réalisation et commercialisation (incluant achat, vente, importation et exportation) de mobilier et objets de décoration
- L'achat, la vente, la détention et l’administration de toutes valeurs mobilières et plus principalement d'actions, obligations, devises, matières premières, métaux précieux, cryptoactifs ou titres généralement quelconques, côtés ou non en bourse, et la prise de participation financière dans des sociétés de droit belge ou étrangère
- L'exécution de tous mandats de gérant, d’administrateur et/ou de liquidateur, et, en général, tous mandats et fonctions se rapportant directement ou indirectement à son objet
- Le recours au crédit et au financement externe ; au crowdfunding et au financement participatif
- La garantie de toutes obligations, même hypothécaires
- Toutes opérations civiles, commerciales, mobilières, immobilières, industrielles, financières se rapportant directement ou indirectement, en tout ou en partie, à l'une ou l'autre branche de son objet ou de nature à en développer ou en faciliter la réalisation
- L'obtention, l'acquisition, la reprise, l'exploitation, la cession, la construction, la location, la vente, l'échange de toutes propriétés mobilières, immobilières, et tous établissements, matériels, et installations
- L'exercice de la ou les fonctions d’administrateur ou de liquidateur
- L'intérêt par voie d'apport, de fusion, de souscription ou de toute autre manière dans toutes affaires, entreprises, associations ou sociétés ayant un objet identique, analogue ou connexe au sien ou qui sont de nature à favoriser le développement de son entreprise, à lui procurer des matières premières ou à faciliter l'écoulement de ses produits
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Nommés avec ou sans limitation de durée, un ou plusieurs administrateurs, personnes physiques ou morales, actionnaires ou non” (deed in French)“Rémunération des administrateurs, L’assemblée générale décide si le mandat d’administrateur est ou non exercé gratuitement” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed