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TWL

Active
Private limited companyfounded 20251 yr activeRue Hestroumont 8, 4910 Theux, BelgiumKBO/BCE: BE 1022.743.056
Summary

The computed 12-month bankruptcy probability of TWL is 1.6% (moderate). The 2025 annual accounts show equity of €36,131 and a net result of €31,131. Its solvency ranks better than 81% of 28051 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability100
Solvency100
Growth-
Track record67
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 2.13; short-term debt: 23.7% and cash: 16.3% of total assets), and 23.7% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
76.3%
Return on assets
65.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
7 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 25 April 2025, TWL was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€36,131
Total assets
€47,379
Net result
€31,131
Working capital
€12,674

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €47,379
Fixed assets €23,457
Current assets €23,922
Equity and liabilities €47,379
Equity €36,131
Debt €11,248
Debt finances 23.7% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€42,752
Cash flow
€35,407
Current ratio
2.13
Debt to equity
0.31
ROE
86.2%
ROA
65.7%
Interest coverage
64.28
Debt ≤ 1 year
€11,248
Income taxes
€7,679

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.6% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 11,279 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
Filed annual accounts As filed with the NBB · 2025 · 36 lines
Balance sheet Code2025
Assets
Total assets20/58€47,379
Fixed assets21/28€23,457
Tangible fixed assets22/27€23,398
Plant, machinery and equipment23€20,074
Furniture and vehicles24€3,324
Financial fixed assets28€58
Current assets29/58€23,922
Amounts receivable within one year40/41€14,246
Trade receivables40€14,246
Cash at bank and in hand54/58€7,729
Deferred charges and accrued income490/1€1,948
Equity and liabilities
Total equity and liabilities10/49€47,379
Equity10/15€36,131
Contributions10/11€5,000
Profit (loss) carried forward14€31,131
Amounts payable17/49€11,248
Amounts payable within one year42/48€11,248
Trade debts44€2,096
Suppliers440/4€2,096
Taxes, remuneration and social security45€8,228
Taxes450/3€8,228
Other amounts payable47/48€924
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,276
Other operating charges640/8€77
Gross operating margin9900€42,828
Operating profit (loss)9901€38,475
Financial income75/76B€1,000
Recurring financial income75€0
Non-recurring financial income76B€1,000
Financial charges65/66B€665
Recurring financial charges65€665
Profit (loss) for the period before taxes9903€38,810
Income taxes67/77€7,679
Profit (loss) for the period9904€31,131
Profit (loss) for the period to be appropriated9905€31,131
Appropriation of the result
Profit (loss) to be appropriated9906€31,131

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,276
Other operating charges640/8€77
Gross operating margin9900€42,828
Operating profit (loss)9901€38,475
Financial income75/76B€1,000
Recurring financial income75€0
Non-recurring financial income76B€1,000
Financial charges65/66B€665
Recurring financial charges65€665
Profit (loss) for the period before taxes9903€38,810
Income taxes67/77€7,679
Profit (loss) for the period9904€31,131
Profit (loss) for the period to be appropriated9905€31,131
Line2025
Assets
Total assets20/58€47,379
Fixed assets21/28€23,457
Tangible fixed assets22/27€23,398
Plant, machinery and equipment23€20,074
Furniture and vehicles24€3,324
Financial fixed assets28€58
Current assets29/58€23,922
Amounts receivable within one year40/41€14,246
Trade receivables40€14,246
Cash at bank and in hand54/58€7,729
Deferred charges and accrued income490/1€1,948
Equity and liabilities
Total equity and liabilities10/49€47,379
Equity10/15€36,131
Contributions10/11€5,000
Profit (loss) carried forward14€31,131
Amounts payable17/49€11,248
Amounts payable within one year42/48€11,248
Trade debts44€2,096
Suppliers440/4€2,096
Taxes, remuneration and social security45€8,228
Taxes450/3€8,228
Other amounts payable47/48€924
Line2025
Profit (loss) for the period9904€31,131
+ Depreciation and write-downs630€4,276
Operating cash flow (approximation)€35,407

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
07-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Theux · 1 establishment unit since 2025
seat establishment approximate The establishment unit on the map
Ground area
1,032 m²
Building footprint
108 m²
Volume, LiDAR
715 m³
Parcel 63044B0128/00E000, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TWL
Rue Hestroumont 8, 4910 TheuxConstruction of roads and motorways
since 20252.373.858.135
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63044B0128/00E000 Wallonia 1,032 m² 1 · 108 m² 8.4 m · 2 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.

Similar companies · same sector, comparable size

Of 8,464 companies in sector 43120 we hold annual accounts for 3,232. 2,339 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded25-04-2025
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
42110Construction of roads and motorways
43350Other building finishing work
81300Landscape service activities
82990Other business support services
Contact
E-mail ludovic.wauthieu@gmail.com
Phone +32489038048
Phone 0489/038048Theux
E-invoicing
Reachable via Peppol
Peppol ID 0208:1022743056
Also 9925:BE1022743056
Registered 27-11-2025

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.