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Twist The Codes

Active
Private limited companyfounded 2024active for 2 yearsKolenmarkt 62, 1000 Brussel, BelgiumKBO/BCE: BE 1007.969.758
Summary

The computed 12-month bankruptcy probability of Twist The Codes is 4.1% (elevated). The annual accounts of Twist The Codes for financial year 2025 show a net loss of 72% of total assets and of 72% of the equity at the start of that year. The 2025 annual accounts show equity of €11,289 and a net result of -€28,854. Its solvency ranks better than 46% of 22,726 sector peers (NACE 47, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 03-04-2024 Normal situation
Activity
Retail sale of women's outerwear NACE 47711and 3 others
Establishment units
2.358.346.053 1000 Brussel, since 03-04-2024
2.358.346.152 1180 Ukkel, since 03-04-2024
Financial year end
31 December
Peppol
Reachable since 20-12-2025

Board and ownership

Board
  • CADONICI NATASHADirector · since 05-04-2024

Financial position

47 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
4.1%
Annual accounts 2025
Gross margin
-€23,768
Loss
€28,854
Equity
€11,289
▼ 71.9%
Total assets
€39,819
▼ 55.4%
  • 2025 accounts filed 31 days after the deadline
Turnover not published (micro format)
Filed on 31-08-2026
Score breakdownraises riskFounded in 2024Last filed accounts filed 31 days late; 1 of the last 3 accounts lateLoss of €28,854 (financial year 2025)2 establishment unitsShow the evidence

Checked score

Score 2025
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 20% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Weak
Solvency 53-17
equity 28.4% of total assets
Liquidity 23-17
short-term debt 71.6% · cash 9.4%
Profitability 0-100
return on assets -72.5%
Bankruptcy probability within 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,272 companies, NACE 47, micro)
Last 24 months 05-2025: 2.2% 06-2025: 2.2%● unchanged vs 05-2025 07-2025: 2.6%▲ +0.4 percentage points vs 06-2025 08-2025: 2.8%▲ +0.2 percentage points vs 07-2025 09-2025: 1.6%▼ -1.2 percentage points vs 08-2025lowest value 10-2025: 1.6%● unchanged vs 09-2025lowest value 11-2025: 1.7%▲ +0.1 percentage points vs 10-2025 12-2025: 1.8%▲ +0.1 percentage points vs 11-2025 01-2026: 1.7%▼ -0.1 percentage points vs 12-2025 02-2026: 1.7%● unchanged vs 01-2026 03-2026: 1.8%▲ +0.1 percentage points vs 02-2026 04-2026: 1.9%▲ +0.1 percentage points vs 03-2026 05-2026: 1.9%● unchanged vs 04-2026 06-2026: 1.9%● unchanged vs 05-2026 07-2026: 2.0%▲ +0.1 percentage points vs 06-2026 08-2026: 2.8%▲ +0.8 percentage points vs 07-2026 09-2026: 4.1%▲ +1.3 percentage points vs 08-2026 10-2026: 4.1%● unchanged vs 09-2026highest value 11-2026: 4.1%● unchanged vs 10-2026highest value
Credit of up to €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.4 (1.82 in 2024), below the usual 1.5. Short-term debt is 71.6% and cash 9.4% of total assets. 71.6% of the assets are financed with debt and provisions.
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 47, micro). It does better than 44% of them on solvency, 21% on liquidity, 6% on profitability and 8% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
raises risk
raises risk · Founded in 2024
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Last filed accounts filed 31 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Loss of €28,854 (financial year 2025)
NBB · annual accounts
raises risk · 2 establishment units
KBO · seat and establishments
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filings
Deviation from the deadline
2025
31 days late
2024
29 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 2 accounts on average 30 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2024.
KBO publications

Key points

  • Caution: From profit to loss in 2025after a profit of €37,643 in 2024 -€28,854 View
  • Caution: Lower net result than 92% of companies in retail tradesector median €5,089 · 22,707 companies -€28,854 View

Comparable companies

These companies have the same main activity as Twist The Codes: retail sale of women's outerwear (NACE 47711). They are comparable in size and age: total assets between €25,800 and €58,400, founded between 2023 and 2025.

CompanyTotal assetsGross margin
Twist The Codes Brussel€39,819-€23,768
AMA-CLAN Schaarbeek€51,141-€35,521
CEREMONY DRESS Sint-Lambrechts-Woluwe€58,391-€3,302
LEDEADRESS Brussel€25,800-€1,985
NEO VISTA Elsene€30,772-€683
BALLERS MARKET Ranst€31,261-€1,996
V-DONNA Kortrijk€54,863€1,613
Full comparison

Key facts about Twist The Codes

What is the company number of Twist The Codes?
The company number of Twist The Codes is 1007.969.758. The VAT number is the same number with BE in front: BE 1007.969.758.
Where is Twist The Codes based?
The registered office is at Kolenmarkt 62, 1000 Brussel.Company details
What does Twist The Codes do?
According to the KBO register, the main activity is retail sale of women's outerwear (NACE 47711).
What is the legal form of Twist The Codes?
The legal form of Twist The Codes is Private limited company (BV).
When was Twist The Codes founded?
Twist The Codes was founded on 03-04-2024.
Is Twist The Codes still active?
Yes, Twist The Codes is an active enterprise in the KBO register.
What is the turnover of Twist The Codes?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is Twist The Codes profitable?
In financial year 2025, Twist The Codes made a loss of €28,854.
Where can I find the annual accounts of Twist The Codes?
Twist The Codes filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Twist The Codes due?
Twist The Codes must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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