TWP
ActiveSummary
TWP has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-240k) and a net result of €1k. Equity is shrinking by ~52.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+73
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 0.14 in 2023; short-term debt: 762.9% and cash: 9.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-662.9%
Return on assets
3.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 19356 sector peers (2024).
NBB · sector comparisonPosition among 19356 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
21 d early
2022
17 d early
2021
5 d early
2020
8 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-240k▲ 0.5%
2023 · €-242k
2018: €26khighest in 7 years
2019: €1k▼ -94.5% vs 2018
2020: €-37k▼ -2757% vs 2019
2021: €-93k▼ -148% vs 2020
2022: €-138k▼ -49.1% vs 2021
2023: €-242k▼ -75.1% vs 2022lowest in 7 years
2024: €-240k▲ +0.5% vs 2023
2018 → 2024
Total assets
€36k▼ 29.5%
2023 · €51k
2018: €716khighest in 7 years
2019: €707k▼ -1.3% vs 2018
2020: €555k▼ -21.5% vs 2019
2021: €277k▼ -50.1% vs 2020
2022: €123k▼ -55.5% vs 2021
2023: €51k▼ -58.2% vs 2022
2024: €36k▼ -29.5% vs 2023lowest in 7 years
2018 → 2024
Net result
€1k
2023 · €-104k
2018: €5khighest in 7 years
2019: €-24k▼ -548% vs 2018
2020: €-39k▼ -60.1% vs 2019
2021: €-55k▼ -42.9% vs 2020
2022: €-45k▲ +17.8% vs 2021
2023: €-104k▼ -128% vs 2022lowest in 7 years
2024: €1k▲ +101% vs 2023
2018 → 2024
Working capital
€-240k▲ 4.4%
2023 · €-251k
2018: €13khighest in 7 years
2019: €-20k▼ -253% vs 2018
2020: €-60k▼ -193% vs 2019
2021: €-118k▼ -97.6% vs 2020
2022: €-155k▼ -31.9% vs 2021
2023: €-251k▼ -61.6% vs 2022lowest in 7 years
2024: €-240k▲ +4.4% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-37k-€-93k▼ 148%€-138k▼ 49.1%€-242k▼ 75.1%€-240k▲ 0.5%
2020: €-37khighest in 5 years
2021: €-93k▼ -148% vs 2020
2022: €-138k▼ -49.1% vs 2021
2023: €-242k▼ -75.1% vs 2022lowest in 5 years
2024: €-240k▲ +0.5% vs 2023
Operating result€-34k-€-52k▼ 54.0%€-44k▲ 15.2%€-103k▼ 132%€2k
2020: €-34k
2021: €-52k▼ -54.0% vs 2020
2022: €-44k▲ +15.2% vs 2021
2023: €-103k▼ -132% vs 2022lowest in 5 years
2024: €2k▲ +102% vs 2023highest in 5 years
Net result€-39k-€-55k▼ 42.9%€-45k▲ 17.8%€-104k▼ 128%€1k
2020: €-39k
2021: €-55k▼ -42.9% vs 2020
2022: €-45k▲ +17.8% vs 2021
2023: €-104k▼ -128% vs 2022lowest in 5 years
2024: €1k▲ +101% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €2k after a loss of €103k in 2023, the highest result in the available series.
Key figures and ratios
EBITDA
€2k▲
2023 · €-95k
Cash flow
€1k▲
2023 · €-96k
Solvency
-662.9%▼
2023 · -469.7%
Current ratio
0.13▼
2023 · 0.14
Quick ratio
0.08▼
2023 · 0.09
Debt to equity
-1.15▲
2023 · -1.21
ROA
3.4%▲
2023 · -201.5%
Interest coverage
6.36▲
2023 · -387.56
Debt
€277k▼
2023 · €293k
Debt ≤ 1 year
€277k▼
2023 · €293k
Income taxes
€96▼
2023 · €265
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€51k€36k▼
Fixed assets21/28€10k€0▼
Tangible fixed assets22/27€10k€0▼
Furniture and vehicles24€10k€0▼
Current assets29/58€42k€36k▼
Stocks and contracts in progress3€15k€15k=
Stocks30/36€15k€15k=
Amounts receivable within one year40/41€17k€18k▲
Trade receivables40€17k€17k▼
Other amounts receivable41€632€918▲
Cash at bank and in hand54/58€9k€3k▼
Equity and liabilities
Total equity and liabilities10/49€51k€36k▼
Equity10/15€-242k€-240k▲
Contributions10/11€19k€19k=
Reserves13€7k€7k=
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€5k€7k▲
Profit (loss) carried forward14€-267k€-266k▲
Amounts payable17/49€293k€277k▼
Amounts payable within one year42/48€293k€277k▼
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€514€96▼
Taxes450/3€514€96▼
Other amounts payable47/48€291k€274k▼
Income statement
Code20232024
Non-recurring operating income76A-€7k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€0▼
Other operating charges640/8€794€872▲
Gross operating margin9900€-95k€2k▲
Operating profit (loss)9901€-103k€2k▲
Financial charges65/66B€246€246=
Recurring financial charges65€246€246=
Profit (loss) for the period before taxes9903€-103k€1k▲
Income taxes67/77€265€96▼
Profit (loss) for the period9904€-104k€1k▲
Profit (loss) for the period to be appropriated9905€-104k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-267k€-266k▲
Profit (loss) brought forward from the previous period14P€-164k€-267k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €7k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €8k | €8k | €0 | ▼ 100% |
| Other operating charges640/8 | - | €2k | €2k | €794 | €872 | ▲ 9.9% |
| Gross operating margin9900 | €-23k | €-51k | €-34k | €-95k | €2k | ▲ 103% |
| Operating profit (loss)9901 | €-34k | €-52k | €-44k | €-103k | €2k | ▲ 102% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | €221 | - | €0 | - | - | - |
| Financial charges65/66B | - | €3k | €777 | €246 | €246 | = |
| Recurring financial charges65 | €5k | €3k | €777 | €246 | €246 | = |
| Profit (loss) for the period before taxes9903 | €-38k | €-55k | €-45k | €-103k | €1k | ▲ 101% |
| Income taxes67/77 | €341 | €242 | €248 | €265 | €96 | ▼ 63.8% |
| Profit (loss) for the period9904 | €-39k | €-55k | €-45k | €-104k | €1k | ▲ 101% |
| Profit (loss) for the period to be appropriated9905 | €-39k | €-55k | €-45k | €-104k | €1k | ▲ 101% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €555k | €277k | €123k | €51k | €36k | ▼ 29.5% |
| Fixed assets21/28 | €25k | €25k | €18k | €10k | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €25k | €25k | €18k | €10k | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €25k | €18k | €10k | €0 | ▼ 100% |
| Current assets29/58 | €529k | €251k | €106k | €42k | €36k | ▼ 13.0% |
| Stocks and contracts in progress3 | €48k | €165k | €85k | €15k | €15k | = |
| Stocks30/36 | - | €85k | €85k | €15k | €15k | = |
| Contracts in progress37 | - | €80k | - | - | - | - |
| Amounts receivable within one year40/41 | €17k | €29k | €17k | €17k | €18k | ▲ 0.7% |
| Trade receivables40 | - | €22k | €17k | €17k | €17k | ▼ 1.0% |
| Other amounts receivable41 | - | €7k | €537 | €632 | €918 | ▲ 45.2% |
| Cash at bank and in hand54/58 | €6k | €57k | €3k | €9k | €3k | ▼ 61.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €555k | €277k | €123k | €51k | €36k | ▼ 29.5% |
| Equity10/15 | €-37k | €-93k | €-138k | €-242k | €-240k | ▲ 0.5% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €7k | €7k | €7k | €7k | €7k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Distributable reserves133 | - | €5k | €5k | €5k | €7k | ▲ 36.5% |
| Profit (loss) carried forward14 | €-63k | €-118k | €-164k | €-267k | €-266k | ▲ 0.5% |
| Amounts payable17/49 | €592k | €369k | €261k | €293k | €277k | ▼ 5.6% |
| Amounts payable after more than one year17 | €3k | - | - | - | - | - |
| Amounts payable within one year42/48 | €589k | €369k | €261k | €293k | €277k | ▼ 5.6% |
| Current portion of amounts payable after more than one year42 | - | €3k | - | - | - | - |
| Trade debts44 | €8k | €47k | €3k | €2k | €2k | ▲ 22.0% |
| Suppliers440/4 | - | €47k | €3k | €2k | €2k | ▲ 22.0% |
| Taxes, remuneration and social security45 | - | €242 | €490 | €514 | €96 | ▼ 81.3% |
| Taxes450/3 | - | €242 | €490 | €514 | €96 | ▼ 81.3% |
| Other amounts payable47/48 | - | €319k | €258k | €291k | €274k | ▼ 5.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-39k | €-55k | €-45k | €-104k | €1k | ▲ 101% |
| + Depreciation and write-downs630 | - | - | €8k | €8k | €0 | ▼ 100% |
| Operating cash flow (approximation) | €-39k | €-55k | €-38k | €-96k | €1k | ▲ 101% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €10k | - |
| Change in cash | - | €51k | €-54k | €6k | €-6k | ▼ 197% |
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
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after 5 loss-making years.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-104k
Net result drops to €-104k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
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 2 acts read
About the unread acts
We know of 2 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
2 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, Westerlo · 2 establishment units since 2015
Ground area
2,185 m²
2 parcels, Flanders. Linked by address, not a title deed.
2 establishment units
Tongerlostraat 61, 2260 Westerlo
since 20152.247.766.251
Tongerlostraat 59, 2260 Westerlo
since 20252.381.654.856
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13028C0347/00K000 | Flanders | 1,739 m² | - | - |
| 13028C0347/00B000 | Flanders | 446 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWesterlo2.381.654.856
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 1,036 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
Founded28-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
56301Cafés and bars
56111Full-service restaurants
56210Event catering
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.