Equity
€552,898 ▲ 37.6%
TWINSTAR has made a profit in every financial year since 2014.
TWINSTAR
Lifetime
13 annual accounts with figures on one time axispeak €527,652 (2026)
€527,652▲ 94.8%
peak €151,175 (2026)
€151,175▲ 639%
peak €552,898 (2026)
€552,898▲ 37.6%
€2.1m▼ 24.5%
Board2 names since 2022
1 directorRUBRECHT Thomas Hugo
Documentsfilings and deeds
28-10-20263 days before the deadline
2026micro format
Gross margin from €270,812 to €527,652Result from €20,461 to €151,175Equity from €401,723 to €552,898Debts from €2.8m to €2.1mCash from €117,474 to €282,559
Key points
from the 2026 annual accountsResult
€151,175 ▲ 639%
The result rose in 2026 from €20,461 to €151,175.
Turnover
≈ €750,000 estimated
The micro format states no turnover.
Debts
€2.1m 79% of the balance sheet
Financial debts 69%Suppliers 2%Taxes and wages 3%Other 25%
Of this, €641,785 falls due within a year.
Filings
13 annual accounts since 2014
Two of the last ten came late. The 2017 accounts came latest: 30 days after the end of the period.
Position in the sector
€151,175
Higher net result than 91% of companies in head offices and management consultancy. Sector median €29,771 · 1,504 companies.
Checked score
95
Excellent
Financially stronger than 62% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,523 companies (NACE 70, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.2%▲ +0.2 percentage points vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.3%▲ +0.1 percentage points vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.2%▼ -0.1 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.1%▼ -0.3 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Size: total assets €2.6m
Figures for financial year 2026 (filed on 28-10-2026)
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 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 70, small). It does better than 22% of them on solvency, 70% on liquidity, 71% on profitability and 85% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,609 companies had the same profile as TWINSTAR has now. Each dot stands for 7 companies, two years later.
96.8%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
That fits the bankruptcy probability of TWINSTAR itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,609 companies, not a prediction for TWINSTAR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.7 (0.35 in 2025), below 1. Short-term debt is 24.4% and cash 10.7% of total assets. 79% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 1504 sector peers (2026).
NBB · sector comparisonPosition among 1504 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 28-10-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
3 days early
2025
9 days early
2024
41 days early
2023
36 days early
2022
7 days early
2021
6 days early
2020
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 22 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0502625690
Registered office moved from Lo to Lo-Reninge
New registered office: Blauwvoet 1, 8647 Lo-Reninge · Previous registered office: Hazewind 10, 8647 Lo · Appointment: MINDY DUBOIS (director) · General meeting of 13-01-2025 · Gazette deed
Environmental permit granted
Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen, Bouwen of herbouwen, Nieuwbouw of aanleggen and 2 more · Provincie West-Vlaanderen
Change of role: RUBRECHT Thomas Hugo, from manager to director
Director discharge: RUBRECHT Thomas Hugo · General meeting of 31-03-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TWINSTAR Lo-Reninge | €2.6m | €527,652 | 21.0% | - |
| Benava Harelbeke | €2.9m | €535,432 | 59.4% | 1.6 |
| WIVABE SERVICES Bruges | €2.4m | €552,580 | 74.9% | - |
| Geert Hallemeesch Erpe-Mere | €2.6m | €529,728 | 70.0% | - |
| NGF CONSULT Molenbeek-Saint-Jean | €2.3m | €551,428 | 22.5% | - |
| Steven Doms Bonheiden | €3.0m | €507,682 | 75.7% | - |
| WILLEM VERHAEGHE Zoersel | €2.7m | €463,162 | 54.9% | 1.8 |
These companies have the same main activity as TWINSTAR: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €2.3m and €3m, founded between 2010 and 2015.
Official details
Source: KBO- Status
- Active since 21-01-2013Normal situation
- Activity
- Business and other management consultancyNACE 70200and 4 others
- Establishment unit
- 2.216.122.6738647 Lo-Reninge, since 17-01-2013
- Financial year end
- 31 March
- Peppol
- Reachable since 16-05-2025
Annual accounts to 31-03-2026
- €2.6m▼ 16.6%
- Filing
- Filed on 28-10-2026, 3 days before the end of the filing period
Insights on TWINSTAR
TWINSTAR files the micro format. That format states no turnover. The gross margin rose from €42,637 in 2014 to €527,652 in 2026.
The balance sheet grew most in 2025 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TWINSTAR
- What is the company number of TWINSTAR?
- The company number of TWINSTAR is 0502.625.690. The VAT number is the same number with BE in front: BE 0502.625.690.
- Where is TWINSTAR based?
- The registered office is at Blauwvoet 1, 8647 Lo-Reninge.Company details
- What does TWINSTAR do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of TWINSTAR?
- TWINSTAR is a private limited company (BV).
- When was TWINSTAR founded?
- TWINSTAR was founded on 21-01-2013.
- Is TWINSTAR still active?
- Yes, TWINSTAR is an active enterprise in the KBO register.
- What is the turnover of TWINSTAR?
- The turnover in financial year 2026 is ≈ €750,000. This figure is estimated from the gross margin of €527,652 and 95 comparable companies (NACE 70200). It probably lies between €630,000 and €1.3m.Financials
- Is TWINSTAR profitable?
- In financial year 2026, TWINSTAR made a profit of €151,175.
- Where can I find the annual accounts of TWINSTAR?
- TWINSTAR filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of TWINSTAR due?
- TWINSTAR must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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