TWISTED MIST
ActiveSummary
TWISTED MIST has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,596 and a net result of €11,486. Equity is shrinking by ~12.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 58% of 13683 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+17
Solvency65▲+16
Growth58=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.37 against 0.93 in 2024; short-term debt: 59.9% and cash: 58.4% of total assets), and 59.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
40.1%
Return on assets
21.3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €21,596
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
34 d early
2023
32 d early
2022
on the day
2021
2 d late
2020
61 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed 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. Usually files around 31 July (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€21,596▲ 114%
2024 · €10,110
Total assets
€53,855▲ 26.8%
2024 · €42,486
Net result
€11,486▲ 124%
2024 · €5,124
Working capital
€11,999
2024 · -€2,140
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€15,091-€12,185▲ 19.3%-€5,299▲ 56.5%€7,151€12,892▲ 80.3%
Net result-€17,153below the sector's middle half-€13,554below the sector's middle half▲ 21.0%-€6,976within the sector's middle half▲ 48.5%€5,124within the sector's middle half€11,486within the sector's middle half▲ 124%
Equity€25,517within the sector's middle half▼ 40.2%€11,962within the sector's middle half▼ 53.1%€4,986within the sector's middle half▼ 58.3%€10,110within the sector's middle half▲ 103%€21,596within the sector's middle half▲ 114%
Total assets€75,901within the sector's middle half▼ 27.7%€49,607within the sector's middle half▼ 34.6%€40,524below the sector's middle half▼ 18.3%€42,486below the sector's middle half▲ 4.8%€53,855within the sector's middle half▲ 26.8%
Debt€50,385▼ 19.2%€37,644▼ 25.3%€35,538▼ 5.6%€32,376▼ 8.9%€32,260▼ 0.4%
Working capital€9,739within the sector's middle half▼ 62.0%-€2,054within the sector's middle half-€9,440within the sector's middle half▼ 360%-€2,140within the sector's middle half▲ 77.3%€11,999within the sector's middle half
Solvency33.6%within the sector's middle half▼ 7.0pp24.1%within the sector's middle half▼ 9.5pp12.3%within the sector's middle half▼ 11.8pp23.8%within the sector's middle half▲ 11.5pp40.1%within the sector's middle half▲ 16.3pp
Current ratio1.19within the sector's middle half▼ 0.220.95within the sector's middle half▼ 0.250.73within the sector's middle half▼ 0.210.93within the sector's middle half▲ 0.201.37within the sector's middle half▲ 0.44
Return on assets (ROA)-22.6%below the sector's middle half▼ 39.4pp-27.3%below the sector's middle half▼ 4.7pp-17.2%below the sector's middle half▲ 10.1pp12.1%within the sector's middle half▲ 29.3pp21.3%above the sector's middle half▲ 9.3pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 80% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53,855
Fixed assets
€9,597 ▼ 21.7%
Current assets
€44,259 ▲ 46.4%
Equity and liabilities €53,855
Equity
€21,596 ▲ 114%
Debt
€32,260 ▼ 0.4%
Debt's share of the balance-sheet total falls from 76.2% to 59.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,544▲
2024 · €9,788
Cash flow
€14,139▲
2024 · €7,760
Debt to equity
1.49▼
2024 · 3.20
ROE
53.2%▲
2024 · 50.7%
Interest coverage
12.81▲
2024 · 5.30
Debt ≤ 1 year
€32,260▼
2024 · €32,376
Income taxes
€192▲
2024 · €186
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.4% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 34,696 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 | €0 | - | - | €50 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,904 | €2,060 | €2,402 | €2,636 | €2,653 | ▲ 0.6% |
| Other operating charges640/8 | €697 | €486 | €778 | €696 | €606 | ▼ 12.9% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | -€12,491 | -€9,639 | -€2,120 | €10,483 | €16,150 | ▲ 54.1% |
| Operating profit (loss)9901 | -€15,091 | -€12,185 | -€5,299 | €7,151 | €12,892 | ▲ 80.3% |
| Financial income75/76B | €0 | €0 | €0 | €4 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €0 | €0 | €4 | €0 | ▼ 100% |
| Financial charges65/66B | €1,897 | €1,206 | €1,498 | €1,846 | €1,214 | ▼ 34.2% |
| Recurring financial charges65 | €1,897 | €1,206 | €1,498 | €1,846 | €1,214 | ▼ 34.2% |
| Profit (loss) for the period before taxes9903 | -€16,989 | -€13,390 | -€6,798 | €5,309 | €11,678 | ▲ 120% |
| Income taxes67/77 | €165 | €165 | €178 | €186 | €192 | ▲ 3.5% |
| Profit (loss) for the period9904 | -€17,153 | -€13,554 | -€6,976 | €5,124 | €11,486 | ▲ 124% |
| Profit (loss) for the period to be appropriated9905 | -€17,153 | -€13,554 | -€6,976 | €5,124 | €11,486 | ▲ 124% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,901 | €49,607 | €40,524 | €42,486 | €53,855 | ▲ 26.8% |
| Fixed assets21/28 | €15,778 | €14,016 | €14,427 | €12,250 | €9,597 | ▼ 21.7% |
| Tangible fixed assets22/27 | €15,778 | €14,016 | €14,427 | €12,250 | €9,597 | ▼ 21.7% |
| Plant, machinery and equipment23 | €1,526 | €1,153 | €1,382 | €878 | €443 | ▼ 49.5% |
| Furniture and vehicles24 | - | €248 | €2,066 | €2,030 | €1,448 | ▼ 28.7% |
| Other tangible fixed assets26 | €14,252 | €12,615 | €10,979 | €9,342 | €7,705 | ▼ 17.5% |
| Current assets29/58 | €60,124 | €35,590 | €26,098 | €30,237 | €44,259 | ▲ 46.4% |
| Stocks and contracts in progress3 | €1,935 | €0 | - | - | - | - |
| Contracts in progress37 | €1,935 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €2,377 | €4,461 | €4,856 | €3,490 | €12,793 | ▲ 267% |
| Trade receivables40 | €2,372 | €4,442 | €4,410 | €3,455 | €12,753 | ▲ 269% |
| Other amounts receivable41 | €4 | €19 | €446 | €35 | €40 | ▲ 14.4% |
| Cash at bank and in hand54/58 | €55,813 | €31,129 | €21,242 | €26,746 | €31,466 | ▲ 17.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,901 | €49,607 | €40,524 | €42,486 | €53,855 | ▲ 26.8% |
| Equity10/15 | €25,517 | €11,962 | €4,986 | €10,110 | €21,596 | ▲ 114% |
| Contributions10/11 | €20,460 | €20,460 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €30,558 | €30,558 | €30,558 | €30,558 | €30,558 | = |
| Distributable reserves133 | €30,558 | €30,558 | €30,558 | €30,558 | €30,558 | = |
| Profit (loss) carried forward14 | -€25,501 | -€39,056 | -€46,032 | -€40,908 | -€29,422 | ▲ 28.1% |
| Amounts payable17/49 | €50,385 | €37,644 | €35,538 | €32,376 | €32,260 | ▼ 0.4% |
| Amounts payable within one year42/48 | €50,385 | €37,644 | €35,538 | €32,376 | €32,260 | ▼ 0.4% |
| Trade debts44 | €8,574 | €2,329 | €4,698 | €4,039 | €1,487 | ▼ 63.2% |
| Suppliers440/4 | €8,574 | €2,329 | €4,698 | €4,039 | €1,487 | ▼ 63.2% |
| Taxes, remuneration and social security45 | €9,047 | €7,202 | €9,851 | €13,087 | €15,704 | ▲ 20.0% |
| Taxes450/3 | €5,958 | €5,648 | €8,297 | €9,885 | €12,487 | ▲ 26.3% |
| Remuneration and social security454/9 | €3,089 | €1,553 | €1,553 | €3,202 | €3,217 | ▲ 0.5% |
| Other amounts payable47/48 | €32,764 | €28,113 | €20,989 | €15,251 | €15,068 | ▼ 1.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,153 | -€13,554 | -€6,976 | €5,124 | €11,486 | ▲ 124% |
| + Depreciation and write-downs630 | €1,904 | €2,060 | €2,402 | €2,636 | €2,653 | ▲ 0.6% |
| Operating cash flow (approximation) | -€15,249 | -€11,494 | -€4,574 | €7,760 | €14,139 | ▲ 82.2% |
| Investment in fixed assets (approximation) | - | -€299 | -€2,812 | -€460 | €0 | ▲ 100% |
| Change in cash | - | -€24,683 | -€9,888 | €5,504 | €4,719 | ▼ 14.3% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €5,124
Net result €5,124 after 3 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €17,643
Net result €17,643 after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 48 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 2010
Ground area
953 m²
Building footprint
169 m²
Volume, LiDAR
752 m³
Parcel 37322C1316/00V000, Flanders · tallest building 7.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Mr Brightsite
since 20102.190.203.382
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322C1316/00V000 | Flanders | 952 m² | 1 · 169 m² | 7.7 m · 1 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.
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Of 7,494 companies in this sector we hold annual accounts for 2,452. 1,859 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded08-07-2010
Fiscal year end31-12
Trade name NL
Twisted Chef
Activities, NACEBEL 2025
56210Event catering
56302Nightclubs
62200Computer consultancy and computer facilities management
74201Photography, excluding press photography
E-invoicing
Reachable via Peppol
Peppol ID
0208:0827959336
Also
9925:BE0827959336
Registered
04-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.