Financials
- Fiscal year
- 2025
- Total assets
- €35,668
- Profit
- €9,674
- Solvency
- 87.9%
Total assets▲ 41.9%
Net result
20192025
TWRW
ActiveSummary
TWRW has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31,345 and a net result of €9,674. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 93% of 8593 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Activity
Other construction installation
NACE 43240NACE 43299
1 site
Size
€35,668total assets 2025
- Equity
- €31,345
- Profit
- €9,674
Turnover not published (abridged schema)
Structure
Accounts 45 d early0 of 1 deed read
Why 70- Size: total assets €35,668- 1 of the last 3 late- Sector Specialised construction activities (NACE 43)+ Equity €31,345 (87.9% of total assets)Show the evidence
Checked score
Score 2025
70
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 81% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
100=
equity 87.9% of total assets
Liquidity
62+14
short-term debt 12.1% · cash 10.7%
Profitability
100+23
return on assets 27.1%
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 20 months
03-2025: 4.3%
04-2025: 4.4%▲ +1.1% vs 03-2025
05-2025: 4.4%▲ +0.2% vs 04-2025highest value
06-2025: 4.1%▼ -5.2% vs 05-2025
07-2025: 2.1%▼ -48.7% vs 06-2025
08-2025: 2.1%● 0.0% vs 07-2025
09-2025: 2.1%● 0.0% vs 08-2025
10-2025: 2.1%● 0.0% vs 09-2025
11-2025: 2.1%● 0.0% vs 10-2025
12-2025: 2.1%● 0.0% vs 11-2025
01-2026: 2.1%▲ +0.8% vs 12-2025
02-2026: 2.2%▲ +2.7% vs 01-2026
03-2026: 2.3%▲ +2.5% vs 02-2026
04-2026: 2.1%▼ -7.5% vs 03-2026
05-2026: 2.1%▲ +0.6% vs 04-2026
06-2026: 1.9%▼ -6.9% vs 05-2026
07-2026: 1.0%▼ -47.4% vs 06-2026
08-2026: 1.0%● 0.0% vs 07-2026
09-2026: 1.0%▲ +2.1% vs 08-2026
10-2026: 0.9%▼ -16.0% vs 09-2026lowest value
- Size: total assets €35,668 raises the probability for this profile
- 1 of the last 3 late raises the probability
- Equity €31,345 (87.9% of total assets) lowers the probability
- Sector Specialised construction activities (NACE 43) raises the probability
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 7.74 against 4.73 in 2024; short-term debt: 12.1% and cash: 10.7% of total assets), and 12.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 90%, liquidity 60%, profitability 93%, growth against the median 81%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 16-06-2026, 45 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
45 d early
2024
57 d early
2023
296 d late
2022
28 d late
2021
16 d early
2020
25 d late
2019
26 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 37 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 15 July (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Highest result since 2019net €9,674 ▲520%
- Annual accounts filedfiscal year 2024 · abbreviated…
Key points
By topic
Timeline
- Events
- 10
- Since
- 2020
- Next accounts
- by 31-07-2027
- 16-06-2026Annual accounts filed
- 31-12-2025Highest result since 2019
- 04-06-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Other construction installationNACE 43240
- Founded
- 27-08-2018
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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