TWIPE
ActiveSummary
TWIPE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.2m and a net result of €432,048. Equity is growing by ~30.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▲+8
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €350,000 at 30 days acceptable
Liquidity ample (current ratio 66.14 against 36.72 in 2024; short-term debt: 0.8% and cash: 5.1% of total assets), and 1.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
98.2%
Return on assets
8.1%
Age of the figures
9 mo
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
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
22 d early
2023
41 d late
2022
6 d early
2021
12 d early
2020
26 d late
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 6 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€5.2m▲ 9.0%
2024 · €4.8m
Total assets
€5.3m▲ 7.7%
2024 · €5.0m
Net result
€432,048▲ 301%
2024 · €107,781
Working capital
€2.9m▲ 0.5%
2024 · €2.9m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€159,844▲ 91.6%€4.6m▲ 2,758%-€42,373-€71,805▼ 69.5%-€21,940▲ 69.4%
Net result€109,026▲ 101%€4.3m▲ 3,867%€112,344▼ 97.4%€107,781▼ 4.1%€432,048▲ 301%
Equity€398,896▲ 9.9%€4.7m▲ 1,084%€4.8m▲ 1.6%€4.8m▲ 0.2%€5.2m▲ 9.0%
Total assets€742,025▲ 25.8%€5.3m▲ 612%€5.1m▼ 3.1%€5.0m▼ 3.1%€5.3m▲ 7.7%
Debt€343,129▲ 51.3%€556,183▲ 62.1%€319,218▼ 42.6%€149,792▼ 53.1%€98,590▼ 34.2%
Working capital€229,264▲ 16.7%€2.8m▲ 1,131%€2.9m▲ 2.2%€2.9m▼ 0.8%€2.9m▲ 0.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Net result +301% on 2024. Cause not known from the registers.
- 2023 Net result -97% on 2022. Cause not known from the registers.
- 2022 Net result +3,867%, Equity +1,084%, Total assets +612% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21,940 in 2025 against €71,805 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.3m
Fixed assets
€2.4m ▲ 19.9%
Current assets
€2.9m ▼ 0.7%
Equity and liabilities €5.3m
Equity
€5.2m ▲ 9.0%
Debt
€98,590 ▼ 34.2%
Debt's share of the balance-sheet total falls from 3.0% to 1.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€14,549▲
2024 · -€59,641
Cash flow
€439,439▲
2024 · €119,945
Current ratio
66.14▲
2024 · 36.72
Debt to equity
0.02▼
2024 · 0.03
ROE
8.2%▲
2024 · 2.2%
ROA
8.1%▲
2024 · 2.2%
Interest coverage
-3.10▲
2024 · -12.51
Debt ≤ 1 year
€44,153▼
2024 · €80,111
Debt > 1 year
€53,374▼
2024 · €69,553
Income taxes
€43,205▲
2024 · €12,516
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 17,792 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4.5m | €16,748 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,745 | €15,452 | €12,547 | €12,164 | €7,391 | ▼ 39.2% |
| Other operating charges640/8 | €1,645 | €1,693 | €11,714 | €5,094 | €5,651 | ▲ 10.9% |
| Non-recurring operating charges66A | - | - | €767 | €0 | - | - |
| Gross operating margin9900 | €178,235 | €4.6m | -€17,345 | -€54,547 | -€8,898 | ▲ 83.7% |
| Operating profit (loss)9901 | €159,844 | €4.6m | -€42,373 | -€71,805 | -€21,940 | ▲ 69.4% |
| Financial income75/76B | €1,880 | €708 | €181,484 | €196,871 | €501,882 | ▲ 155% |
| Recurring financial income75 | €1,880 | €708 | €77,385 | €48,291 | €198,843 | ▲ 312% |
| Non-recurring financial income76B | - | - | €104,099 | €148,581 | €303,039 | ▲ 104% |
| Financial charges65/66B | €6,866 | €6,195 | €12,340 | €4,769 | €4,689 | ▼ 1.7% |
| Recurring financial charges65 | €6,866 | €6,195 | €5,371 | €4,769 | €4,689 | ▼ 1.7% |
| Non-recurring financial charges66B | - | - | €6,969 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €154,858 | €4.6m | €126,772 | €120,298 | €475,253 | ▲ 295% |
| Income taxes67/77 | €45,832 | €236,953 | €14,428 | €12,516 | €43,205 | ▲ 245% |
| Profit (loss) for the period9904 | €109,026 | €4.3m | €112,344 | €107,781 | €432,048 | ▲ 301% |
| Profit (loss) for the period to be appropriated9905 | €109,026 | €4.3m | €112,344 | €107,781 | €432,048 | ▲ 301% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €742,025 | €5.3m | €5.1m | €5.0m | €5.3m | ▲ 7.7% |
| Fixed assets21/28 | €283,375 | €2.0m | €2.0m | €2.0m | €2.4m | ▲ 19.9% |
| Tangible fixed assets22/27 | €236,225 | €229,555 | €204,639 | €192,475 | €185,084 | ▼ 3.8% |
| Land and buildings22 | €229,921 | €217,186 | €204,639 | €192,475 | €185,084 | ▼ 3.8% |
| Plant, machinery and equipment23 | €6,304 | €4,117 | €0 | - | - | - |
| Furniture and vehicles24 | - | €8,252 | €0 | - | - | - |
| Financial fixed assets28 | €47,150 | €1.8m | €1.8m | €1.8m | €2.2m | ▲ 22.5% |
| Current assets29/58 | €458,650 | €3.3m | €3.1m | €2.9m | €2.9m | ▼ 0.7% |
| Amounts receivable after more than one year29 | - | - | €104,471 | €225,161 | €81,561 | ▼ 63.8% |
| Other amounts receivable291 | - | - | €104,471 | €225,161 | €81,561 | ▼ 63.8% |
| Amounts receivable within one year40/41 | €92,720 | €352,018 | €51,281 | €130,242 | €240,306 | ▲ 84.5% |
| Trade receivables40 | €42,720 | €28,859 | €0 | €3,253 | €0 | ▼ 100% |
| Other amounts receivable41 | €50,000 | €323,159 | €51,281 | €126,989 | €240,306 | ▲ 89.2% |
| Current investments50/53 | €124,014 | €1.7m | €2.1m | €2.2m | €2.3m | ▲ 6.3% |
| Cash at bank and in hand54/58 | €241,460 | €1.2m | €875,147 | €398,164 | €270,970 | ▼ 31.9% |
| Deferred charges and accrued income490/1 | €455 | €496 | €1,333 | €4,458 | €7,095 | ▲ 59.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €742,025 | €5.3m | €5.1m | €5.0m | €5.3m | ▲ 7.7% |
| Equity10/15 | €398,896 | €4.7m | €4.8m | €4.8m | €5.2m | ▲ 9.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €392,696 | €4.7m | €4.8m | €4.8m | €5.2m | ▲ 9.0% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €392,696 | €4.7m | €4.8m | €4.8m | €5.2m | ▲ 9.0% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €343,129 | €556,183 | €319,218 | €149,792 | €98,590 | ▼ 34.2% |
| Amounts payable after more than one year17 | €113,744 | €99,698 | €84,987 | €69,553 | €53,374 | ▼ 23.3% |
| Financial debts170/4 | €113,744 | €99,698 | €84,987 | €69,553 | €53,374 | ▼ 23.3% |
| Amounts payable within one year42/48 | €229,385 | €430,787 | €233,833 | €80,111 | €44,153 | ▼ 44.9% |
| Current portion of amounts payable after more than one year42 | €13,399 | €14,046 | €14,711 | €15,434 | €16,179 | ▲ 4.8% |
| Trade debts44 | €45,749 | €27,643 | €698 | €27,545 | €2,032 | ▼ 92.6% |
| Suppliers440/4 | €45,749 | €27,643 | €698 | €27,545 | €2,032 | ▼ 92.6% |
| Taxes, remuneration and social security45 | €59,027 | €277,802 | €215,997 | €569 | €25,942 | ▲ 4,456% |
| Taxes450/3 | €59,027 | €277,802 | €215,997 | €569 | €25,942 | ▲ 4,456% |
| Other amounts payable47/48 | €111,211 | €111,296 | €2,427 | €36,562 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €25,697 | €398 | €128 | €1,064 | ▲ 730% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €109,026 | €4.3m | €112,344 | €107,781 | €432,048 | ▲ 301% |
| + Depreciation and write-downs630 | €16,745 | €15,452 | €12,547 | €12,164 | €7,391 | ▼ 39.2% |
| Operating cash flow (approximation) | €125,771 | €4.3m | €124,891 | €119,945 | €439,439 | ▲ 266% |
| Investment in fixed assets (approximation) | - | -€1.8m | €14,869 | -€28,366 | -€409,650 | ▼ 1,344% |
| Change in cash | - | €960,322 | -€326,635 | -€476,984 | -€127,194 | ▲ 73.3% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €5mEq €5.2m ▲9%
8 profitable years in a row build equity to €5.2m.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 36.72
Current ratio from 13.33 to 36.72; short-term debt falls from €233,833 to €80,111.
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €4.3m ▲3,867%
Operating result €4.6m, net result €4.3m, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 7.55
Current ratio from 2.00 to 7.55.
31-12
Financial
Equity above €2mEq €4.7m ▲1,084%
5 profitable years in a row build equity to €4.7m.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €46,135 ▼38.8%
Net result drops to €46,135, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Vosselaar · 1 establishment unit since 2006
Ground area
841 m²
Building footprint
280 m²
Volume, LiDAR
2,111 m³
Parcel 13046B0047/00D002, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
TwiPe
since 20062.157.355.719
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13046B0047/00D002 | Flanders | 841 m² | 1 · 280 m² | 10.4 m · 3 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
38.12%
-
12.51%
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
- 50%
According to the 2025 annual accounts of TWIPE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company
Founded16-10-2006
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0884603178
Also
9925:BE0884603178
Registered
03-09-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.