Summary
TWV MGMT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €11,918 and a net result of €4,289. Equity is growing by ~23.2% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○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 18-06-2026, 43 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
43 d early
2024
1 d early
2023
29 d late
2022
30 d late
2021
24 d late
2020
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 24 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€11,918▲ 56.2%
2023 · €7,629
Net result
€4,289
2023 · -€845
Total assets
€82,518▼ 6.8%
2023 · €88,560
Solvency
14.4%▲ 5.8pp
2023 · 8.6%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€96-€8,235€3,431▼ 58.3%€1,960▼ 42.9%€12,879▲ 557%
Net result-€805below the sector's middle half-€4,989within the sector's middle half€1,290below the sector's middle half▼ 74.1%-€845below the sector's middle half€4,289within the sector's middle half
Equity€2,195below the sector's middle half-€7,184below the sector's middle half▲ 227%€8,473below the sector's middle half▲ 18.0%€7,629below the sector's middle half▼ 10.0%€11,918below the sector's middle half▲ 56.2%
Total assets€14,497below the sector's middle half-€19,128below the sector's middle half▲ 31.9%€49,205below the sector's middle half▲ 157%€88,560below the sector's middle half▲ 80.0%€82,518below the sector's middle half▼ 6.8%
Debt€12,302-€11,944▼ 2.9%€40,732▲ 241%€80,932▲ 98.7%€70,600▼ 12.8%
Working capital€2,195within the sector's middle half-€7,184within the sector's middle half▲ 227%€2,914within the sector's middle half▼ 59.4%-€11,016within the sector's middle half-€14,568within the sector's middle half▼ 32.2%
Solvency15.1%below the sector's middle half-37.6%within the sector's middle half▲ 22.4pp17.2%below the sector's middle half▼ 20.3pp8.6%below the sector's middle half▼ 8.6pp14.4%below the sector's middle half▲ 5.8pp
Current ratio1.18within the sector's middle half-1.60within the sector's middle half▲ 0.421.23within the sector's middle half▼ 0.380.56below the sector's middle half▼ 0.670.40below the sector's middle half▼ 0.16
Return on assets (ROA)-5.6%below the sector's middle half-26.1%above the sector's middle half▲ 31.6pp2.6%within the sector's middle half▼ 23.5pp-1.0%below the sector's middle half▼ 3.6pp5.2%within the sector's middle half▲ 6.2pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 recovers in 2024; 2024 is 557% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €82,518
Fixed assets
€73,000 ▼ 2.2%
Current assets
€9,517 ▼ 31.5%
Equity and liabilities €82,518
Equity
€11,918 ▲ 56.2%
Debt
€70,600 ▼ 12.8%
Debt's share of the balance-sheet total falls from 91.4% to 85.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
36.0%▲
2023 · -11.1%
Debt ≤ 1 year
€24,085▼
2023 · €24,904
Debt > 1 year
€46,515▼
2023 · €56,027
Income taxes
€2,768▲
2023 · €279
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,045 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €43 | €165 | €165 | = |
| Other operating charges640/8 | - | €378 | €469 | €594 | €815 | ▲ 37.2% |
| Gross operating margin9900 | €251 | €8,612 | €3,943 | €2,719 | €13,860 | ▲ 410% |
| Operating profit (loss)9901 | -€96 | €8,235 | €3,431 | €1,960 | €12,879 | ▲ 557% |
| Financial income75/76B | - | - | €0 | €0 | €0 | - |
| Recurring financial income75 | - | - | €0 | €0 | €0 | - |
| Financial charges65/66B | - | €1,089 | €1,096 | €2,525 | €5,822 | ▲ 131% |
| Recurring financial charges65 | €470 | €1,089 | €1,096 | €2,525 | €5,822 | ▲ 131% |
| Profit (loss) for the period before taxes9903 | -€566 | €7,145 | €2,334 | -€566 | €7,057 | ▲ 1,348% |
| Income taxes67/77 | €239 | €2,157 | €1,045 | €279 | €2,768 | ▲ 892% |
| Profit (loss) for the period9904 | -€805 | €4,989 | €1,290 | -€845 | €4,289 | ▲ 608% |
| Profit (loss) for the period to be appropriated9905 | -€805 | €4,989 | €1,290 | -€845 | €4,289 | ▲ 608% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,497 | €19,128 | €49,205 | €88,560 | €82,518 | ▼ 6.8% |
| Fixed assets21/28 | - | - | €33,379 | €74,672 | €73,000 | ▼ 2.2% |
| Tangible fixed assets22/27 | - | - | €782 | €3,357 | €452 | ▼ 86.5% |
| Furniture and vehicles24 | - | - | €782 | €617 | €452 | ▼ 26.8% |
| Assets under construction and advance payments27 | - | - | - | €2,740 | €0 | ▼ 100% |
| Financial fixed assets28 | - | - | €32,597 | €71,315 | €72,548 | ▲ 1.7% |
| Current assets29/58 | €14,497 | €19,128 | €15,827 | €13,888 | €9,517 | ▼ 31.5% |
| Amounts receivable within one year40/41 | €8,790 | €11,672 | €5,798 | €7,174 | €3,221 | ▼ 55.1% |
| Trade receivables40 | - | €7,058 | €0 | - | - | - |
| Other amounts receivable41 | - | €4,614 | €5,798 | €7,174 | €3,221 | ▼ 55.1% |
| Cash at bank and in hand54/58 | €550 | €3,404 | €7,082 | €4,797 | €6,223 | ▲ 29.7% |
| Deferred charges and accrued income490/1 | - | €4,052 | €2,947 | €1,917 | €73 | ▼ 96.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,497 | €19,128 | €49,205 | €88,560 | €82,518 | ▼ 6.8% |
| Equity10/15 | €2,195 | €7,184 | €8,473 | €7,629 | €11,918 | ▲ 56.2% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | - | €4,184 | €5,473 | €5,473 | €8,918 | ▲ 62.9% |
| Distributable reserves133 | - | €4,184 | €5,473 | €5,473 | €8,918 | ▲ 62.9% |
| Profit (loss) carried forward14 | -€805 | €0 | - | -€845 | €0 | ▲ 100% |
| Amounts payable17/49 | €12,302 | €11,944 | €40,732 | €80,932 | €70,600 | ▼ 12.8% |
| Amounts payable after more than one year17 | - | - | €27,472 | €56,027 | €46,515 | ▼ 17.0% |
| Financial debts170/4 | - | - | €27,472 | €56,027 | €46,515 | ▼ 17.0% |
| Amounts payable within one year42/48 | €12,302 | €11,944 | €12,913 | €24,904 | €24,085 | ▼ 3.3% |
| Current portion of amounts payable after more than one year42 | - | - | €4,071 | €9,131 | €9,512 | ▲ 4.2% |
| Financial debts43 | - | €1,774 | €2,962 | €1,997 | €0 | ▼ 100% |
| Other loans439 | - | €1,774 | €2,962 | €1,997 | €0 | ▼ 100% |
| Trade debts44 | €1,223 | €1,295 | €976 | €2,176 | €1,156 | ▼ 46.9% |
| Suppliers440/4 | - | €1,295 | €976 | €2,176 | €1,156 | ▼ 46.9% |
| Taxes, remuneration and social security45 | - | €1,610 | €170 | €3,336 | €1,804 | ▼ 45.9% |
| Taxes450/3 | - | €1,610 | €170 | €3,336 | €1,804 | ▼ 45.9% |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €7,265 | €4,735 | €8,265 | €11,613 | ▲ 40.5% |
| Accrued charges and deferred income492/3 | - | - | €348 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€805 | €4,989 | €1,290 | -€845 | €4,289 | ▲ 608% |
| + Depreciation and write-downs630 | - | - | €43 | €165 | €165 | = |
| Operating cash flow (approximation) | -€805 | €4,989 | €1,333 | -€680 | €4,454 | ▲ 755% |
| Investment in fixed assets (approximation) | - | - | - | -€41,458 | €1,506 | ▲ 104% |
| Change in cash | - | €2,854 | €3,677 | -€2,284 | €1,426 | ▲ 162% |
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
02-09
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
26-08
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
29-06
State Gazette act
Merger · Board meeting
Other statement · Incorporation
29-06
State Gazette act
Merger · Board meeting
Other statement · Corporate purpose
18-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4,289
Net result €4,289 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€845
Net result drops to -€845, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Back to profitnet €4,989
Net result €4,989 after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
Financial milestoneState Gazette actNBB 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, Sint-Niklaas · 1 establishment unit since 2020
Ground area
627 m²
Building footprint
138 m²
Volume, LiDAR
795 m³
Parcel 46446B0782/02L000, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TWV MGMT
since 20202.301.896.211
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46446B0782/02L000 | Flanders | 627 m² | 1 · 138 m² | 10.8 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.
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 5,667 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
Founded07-04-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68121Development of residential building projects
68110Buying and selling of own real estate
68310Real estate agency activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0745872194
Also
9925:BE0745872194
Registered
24-11-2023
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.