TWINSTAR
ActiveTWINSTAR has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €402k and a net result of €20k. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 18% of 31545 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▼-23
Solvency8▼-31
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days only on tighter terms
Liquidity short (current ratio 0.35 against 0.7 in 2024), and 87.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.7%
Return on assets
0.6%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 31545 sector peers (2025).
NBB · sector comparisonPosition among 31545 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 22-10-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
41 d early
2023
36 d early
2022
7 d early
2021
6 d early
2020
27 d late
2019
20 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close16-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€402k▲ 5.4%
2024 · €381k
2019: €184k
2020: €207k
2021: €257k
2022: €301k
2023: €345k
2024: €381k
2019 → 2025
Total assets
€3.16M▲ 140%
2024 · €1.31M
2019: €804k
2020: €808k
2021: €845k
2022: €1.28M
2023: €1.33M
2024: €1.31M
2019 → 2025
Net result
€20k▼ 44.3%
2024 · €37k
2019: €18k
2020: €23k
2021: €52k
2022: €46k
2023: €43k
2024: €37k
2019 → 2025
Working capital
€-601k▼ 386%
2024 · €-123k
2019: €100k
2020: €19k
2021: €81k
2022: €-107k
2023: €-102k
2024: €-123k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€257k-€301k▲ 17.1%€345k▲ 14.4%€381k▲ 10.7%€402k▲ 5.4%
Operating result€78k-€72k▼ 6.5%€75k▲ 3.4%€79k▲ 5.1%€30k▼ 61.9%
Net result€52k-€46k▼ 12.3%€43k▼ 5.4%€37k▼ 15.4%€20k▼ 44.3%
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 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.16M
Fixed assets
€2.83M▲ 177%
Current assets
€327k▲ 11.2%
Equity and liabilities €3.16M
Equity
€402k▲ 5.4%
Debt
€2.76M▲ 195%
The debt ratio rises from 71.0% to 87.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€264k▲
2024 · €137k
Cash flow
€254k▲
2024 · €95k
Solvency
12.7%▼
2024 · 29.0%
Current ratio
0.35▼
2024 · 0.70
Quick ratio
0.28▼
2024 · 0.47
Debt / equity
6.86▲
2024 · 2.45
ROE
5.1%▼
2024 · 9.6%
ROA
0.6%▼
2024 · 2.8%
Interest coverage
4.67▼
2024 · 4.70
Debt
€2.76M▲
2024 · €933k
Debt ≤ 1 year
€927k▲
2024 · €417k
Debt > 1 year
€1.83M▲
2024 · €516k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.31M€3.16M▲
Fixed assets21/28€1.02M€2.83M▲
Tangible fixed assets22/27€474k€2.28M▲
Land and buildings22€423k€2.23M▲
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€46k€56k▲
Financial fixed assets28€547k€546k▼
Current assets29/58€294k€327k▲
Stocks and contracts in progress3€99k€71k▼
Stocks30/36€99k€71k▼
Amounts receivable within one year40/41€149k€134k▼
Trade receivables40€52k€59k▲
Other amounts receivable41€98k€76k▼
Cash at bank and in hand54/58€41k€117k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.31M€3.16M▲
Equity10/15€381k€402k▲
Contributions10/11€20k€20k=
Reserves13€361k€381k▲
Tax-exempt reserves132€718€718=
Distributable reserves133€360k€381k▲
Profit (loss) carried forward14€545€505▼
Amounts payable17/49€933k€2.76M▲
Amounts payable after more than one year17€516k€1.83M▲
Financial debts170/4€516k€1.83M▲
Amounts payable within one year42/48€417k€927k▲
Current portion of amounts payable after more than one year42€94k€454k▲
Trade debts44€5k€50k▲
Suppliers440/4€5k€50k▲
Taxes, remuneration and social security45€14k€38k▲
Taxes450/3€14k€35k▲
Remuneration and social security454/9-€3k
Other amounts payable47/48€305k€385k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€234k▲
Other operating charges640/8€7k€7k▲
Gross operating margin9900€144k€271k▲
Operating profit (loss)9901€79k€30k▼
Financial income75/76B-€47k
Recurring financial income75-€47k
Financial charges65/66B€29k€57k▲
Recurring financial charges65€29k€57k▲
Profit (loss) for the period before taxes9903€50k€20k▼
Income taxes67/77€13k-
Profit (loss) for the period9904€37k€20k▼
Profit (loss) for the period to be appropriated9905€37k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€21k▼
Profit (loss) brought forward from the previous period14P€2k€545▼
Transfer to equity691/2€38k€21k▼
To other reserves6921€38k€21k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
2025
22-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Highest result since 2019net €52k ▲128%
Net result €52k, the highest in the series.
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
31-03
Financial
Equity above €200kEq €207k ▲12.5%
2 profitable years in a row build equity to €207k.
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB 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, Lo-Reninge · 1 establishment unit since 2013
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.
Blauwvoet 18647 Lo-ReningeGround area
1.4 ha
Building footprint
263 m²
Volume, LiDAR
1,711 m³
Parcel 32014B0671/00A000, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Twinstar
since 20132.216.122.673
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32014B0671/00A000 | Flanders | 1.4 ha | 1 · 263 m² | 11.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 partyTWINSTARBE 0502.625.690
controls
Where this company holds controlthis company sits on their board1
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LAURENT DEWIT
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AEDEFFICIO
BE 0738.760.017
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LINKO
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WDW-SERVICE
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Of 82,518 companies in sector 70200 we hold annual accounts for 52,573. 36,348 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-01-2013
Fiscal year end31-03
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
46711Wholesale of cars and light vans (up to 3.5 tonnes)
45112
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.