TWYLITE
InactiveTWYLITE was declared bankrupt on 23-05-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 04-11-2025, published in the Belgian State Gazette on 13-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 02-11-2021, 94 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
94 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 108 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
€205,244▼ 24.8%
2019 · €272,942
Total assets
€361,155▼ 27.1%
2019 · €495,319
Net result
-€62,479
2019 · €157,466
Working capital
€243,204▼ 33.3%
2019 · €364,477
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€14,557-€201,691▲ 1,286%-€51,263
Net result-€5,106-€157,466-€62,479
Equity€120,694-€272,942▲ 126%€205,244▼ 24.8%
Total assets€609,973-€495,319▼ 18.8%€361,155▼ 27.1%
Debt€489,279-€222,377▼ 54.6%€155,911▼ 29.9%
Working capital€7,987-€364,477▲ 4,464%€243,204▼ 33.3%
Staff (FTE)1.6-1.6=1.6=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €51,263 after €201,691 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €361,155
Fixed assets
€14,946 ▼ 10.1%
Current assets
€346,208 ▼ 27.7%
Equity and liabilities €361,155
Equity
€205,244 ▼ 24.8%
Debt
€155,911 ▼ 29.9%
Debt's share of the balance-sheet total falls from 44.9% to 43.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€49,249▼
2019 · €204,397
Cash flow
-€60,465▼
2019 · €160,173
Current ratio
3.36▼
2019 · 4.19
Debt to equity
0.26▼
2019 · 0.39
ROE
-30.4%▼
2019 · 57.7%
ROA
-17.3%▼
2019 · 31.8%
Debt ≤ 1 year
€103,004▼
2019 · €114,219
Debt > 1 year
€52,907▼
2019 · €107,165
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,860 | €2,707 | €2,015 | ▼ 25.6% |
| Gross operating margin9900 | €89,489 | €254,496 | -€19,733 | ▼ 108% |
| Operating profit (loss)9901 | €14,557 | €201,691 | -€51,263 | ▼ 125% |
| Recurring financial income75 | €127 | €0 | - | - |
| Recurring financial charges65 | €19,690 | €36,133 | €11,216 | ▼ 69.0% |
| Profit (loss) for the period before taxes9903 | -€5,006 | €165,558 | -€62,479 | ▼ 138% |
| Income taxes67/77 | €100 | €8,091 | - | - |
| Profit (loss) for the period9904 | -€5,106 | €157,466 | -€62,479 | ▼ 140% |
| Profit (loss) for the period to be appropriated9905 | -€5,106 | €157,466 | -€62,479 | ▼ 140% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €609,973 | €495,319 | €361,155 | ▼ 27.1% |
| Fixed assets21/28 | €413,338 | €16,622 | €14,946 | ▼ 10.1% |
| Intangible fixed assets21 | €428 | - | - | - |
| Tangible fixed assets22/27 | €411,946 | €15,658 | €6,396 | ▼ 59.2% |
| Financial fixed assets28 | €964 | €964 | €8,550 | ▲ 787% |
| Current assets29/58 | €196,635 | €478,697 | €346,208 | ▼ 27.7% |
| Amounts receivable within one year40/41 | €193,374 | €160,611 | €168,273 | ▲ 4.8% |
| Cash at bank and in hand54/58 | €1 | €317,322 | €177,935 | ▼ 43.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €609,973 | €495,319 | €361,155 | ▼ 27.1% |
| Equity10/15 | €120,694 | €272,942 | €205,244 | ▼ 24.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €53,347 | €210,814 | €148,335 | ▼ 29.6% |
| Amounts payable17/49 | €489,279 | €222,377 | €155,911 | ▼ 29.9% |
| Amounts payable after more than one year17 | €300,631 | €107,165 | €52,907 | ▼ 50.6% |
| Amounts payable within one year42/48 | €188,648 | €114,219 | €103,004 | ▼ 9.8% |
| Trade debts44 | €61,652 | €36,741 | €23,257 | ▼ 36.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,106 | €157,466 | -€62,479 | ▼ 140% |
| + Depreciation and write-downs630 | €25,860 | €2,707 | €2,015 | ▼ 25.6% |
| Operating cash flow (approximation) | €20,753 | €160,173 | -€60,465 | ▼ 138% |
| Investment in fixed assets (approximation) | - | €394,009 | -€339 | ▼ 100% |
| Change in cash | - | €317,321 | -€139,387 | ▼ 144% |
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
13-11
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · event 04-11-2025
2023
26-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 23-05-2023
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 94 days late
2020
31-12
Financial
Weakest financial yearnet -€62,479
Net result drops to -€62,479, the lowest in the series.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 488 days late
2019
31-12
Financial
Back to profitnet €157,466
Net result €157,466 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 4.19
Current ratio from 1.04 to 4.19; short-term debt falls from €188,648 to €114,219.
31-12
Financial
Equity above €200,000Eq €272,942 ▲126%
Equity rises from €120,694 to €272,942.
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1 day late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
Show earlier events
2015
18-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 18 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 28 days late
2013
31-10
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 92 days late
2012
29-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MAARTEN BENTEIN EDMOND TOLLENAERE-
STRAAT 56-76 B23, 1020 BRUSSEL 2- maart |
23-05-2023 → 04-11-2025 |