Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of TWINS CONSTRUCTION is 0.5% (very low). The 2024 annual accounts show equity of €117k and a net result of €-9k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 90% of 37 sector peers (fiscal year 2024). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Signals
2 signals · with evidenceSignals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wide| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 18-08-2025 | 18 d late | 2025-00406825 |
| 31-12-2023 | 31-07-2024 | 30-08-2024 | 30 d late | 2024-00405005 |
| 31-12-2022 | 31-07-2023 | 23-06-2023 | 38 d early | 2023-00151638 |
| 31-12-2021 | 31-07-2022 | 04-07-2022 | 27 d early | 2022-20123869 |
| 31-12-2020 | 31-07-2021 | 30-08-2021 | 30 d late | 2021-57300555 |
| 31-12-2019 | 31-07-2020 | 24-07-2020 | 7 d early | 2020-33800257 |
| 31-12-2018 | 31-07-2019 | 15-07-2019 | 16 d early | 2019-32700081 |
| 31-12-2017 | 31-07-2018 | 29-08-2018 | 29 d late | 2018-54000009 |
| 31-12-2016 | 31-07-2017 | 23-09-2017 | 54 d late | 2017-63200518 |
| 31-12-2015 | 31-07-2016 | 29-06-2016 | 32 d early | 2016-24800412 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsAdministrative Flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Annual accounts & ratios
Source: NBB · 2024How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 66.7% | 21.1% | |
| Net result | €-9k | €10k | |
| Equity | €117k | €44k | |
| Gross operating margin | €5k | €35k | |
| Total assets | €175k | €148k |
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €4k |
| Net profit | €-9k |
| Cash flow | €2k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €175k |
| Equity | €117k |
| Debt | €58k |
| of which ≤ 1y | €6k |
| of which > 1y | €50k |
| Working capital | €55k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 10.10 |
| Quick ratio | 10.10 |
| Working capital ratio | 31.2% |
| Solvency | 66.7% |
| Debt / equity | 0.50 |
| Long-term debt ratio | 0.42 |
| Interest coverage | 2.30 |
| Gross margin | - |
| Net margin | - |
| ROA | -5.0% |
| ROE | -7.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €175k |
| Fixed assets | 21/28 | €115k |
| Tangible fixed assets | 22/27 | €115k |
| Current assets | 29/58 | €61k |
| Amounts receivable within one year | 40/41 | €60k |
| Cash & bank | 54/58 | €529 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €175k |
| Equity | 10/15 | €117k |
| Contributions / capital | 10/11 | €20k |
| Reserves | 13 | €132k |
| Accumulated profits (losses) | 14 | €-35k |
| Amounts payable | 17/49 | €58k |
| Amounts payable after one year | 17 | €50k |
| Amounts payable within one year | 42/48 | €6k |
| Trade debts payable within one year | 44 | €4k |
| Income statement | ||
| Gross operating margin | 9900 | €5k |
| Operating result | 9901 | €-7k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €-9k |
| Net result for the period | 9904 | €-9k |
| Result to be appropriated | 9905 | €-9k |
Health barometer
FY 2024 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Directors
Directors & mandates
3 directorsHistoric, not recently confirmed (1)
-
Not recently confirmedlast confirmed in an act from 2016
Former directors (2)
-
Former01-10-2016 → 30-09-2023
2 events
- 30-09-2023 Resigned· Director
- 01-10-2016 Appointed· Manager
-
Former- → 30-09-2016
Insolvency mandates
Legal Structure
| NACE primary | Vervaardiging van aanhangwagens, opleggers en caravans(29202) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 07-09-1999 |
| Status | Active |
| Postal code | 3620 |
Structure & network
Connections & network
1 connected companyOwnership & control
1 partyEach band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73042C0251/00A000 | Flanders | 6,143 m² | 1 · 2,244 m² | 8.7 m · 3 fl. |
Publications
Lifecycle & Insolvency Signals
Belgisch Staatsblad · acts
4 acts20-05-2026 Board meeting · Seat change · Power of attorney · Act object
- Filing: 2026-05-11 · TWINS CONSTRUCTION
- Publication: 2026-05-20 · TWINS CONSTRUCTION
- Board meeting: 2026-04-09 · TWINS CONSTRUCTION
- Seat change: new: Europark 27, 3620 Lanaken, old: Europark 122, 3620 Lanaken, effective_date: 2026-04-09 · TWINS CONSTRUCTION
- Power of attorney: date: 2026-04-09, scope: administratieve formaliteiten inzake Kruispuntbank van Ondernemingen, de griffie en alle andere formaliteiten te vervullen evenals een eventuele inschrijving van deze vennootschap te vorderen als belastingplichtige bij de Belastingen over de Toegevoegde Waarde en Directe Belastingen alsmede tot het verzorgen van alle voorschriften en formaliteiten ten opzichte van alle fiscale administraties en diensten, granted_by: raad van bestuur · TWINS CONSTRUCTION
- Act object: Verplaatsing zetel
- Power of attorney: role: Bestuurder Huysmans-Ruette BV · TWINS CONSTRUCTION
- Power of attorney · TWINS CONSTRUCTION
28-11-2024 CIÇEK Fikret resigns as director
13-12-2016 2 directors appointed, 1 resigning
- Bekir Ciçek, Zaakvoerder
- Fikret Cicek, Zaakvoerder
- Karen Bogaerts, Zaakvoerder
09-12-2016 Articles of association amended
Analysis
Snowflake analysis
financial profile on 5 axesStrong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Ask AI about this company
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AI due-diligence brief
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Credit advice
verdict per customer and amountSimilar
Similar companies
Comparable size, same sectorCompany registry
Company registry (CBE)
Crossroads Bank| Legal nameNL | TWINS CONSTRUCTION |