TwinCiO
ActiveSummary
TwinCiO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €88k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 19% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency39▲+5
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.89 in 2024; short-term debt: 86.1% and cash: 60% of total assets), and 86.1% of the assets are financed with debt.
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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.9%
Return on assets
49%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 19%
← weakest
strongest →
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 27-04-2026, 95 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
95 d early
2024
44 d early
2023
56 d early
2022
80 d early
2021
62 d early
2020
58 d early
2019
94 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▼ 2.5%
2024 · €26k
2018: €25k
2019: €26k▲ +1.9% vs 2018
2020: €26k▲ +1.8% vs 2019
2021: €26k▲ +0.3% vs 2020highest in 8 years
2022: €25k▼ -4.4% vs 2021
2023: €25k▲ +1.0% vs 2022
2024: €26k▲ +1.0% vs 2023
2025: €25k▼ -2.5% vs 2024lowest in 8 years
2018 → 2025
Total assets
€180k▼ 35.4%
2024 · €279k
2018: €121k
2019: €80k▼ -34.2% vs 2018lowest in 8 years
2020: €96k▲ +20.7% vs 2019
2021: €175k▲ +81.0% vs 2020
2022: €218k▲ +24.8% vs 2021
2023: €258k▲ +18.5% vs 2022
2024: €279k▲ +8.0% vs 2023highest in 8 years
2025: €180k▼ -35.4% vs 2024
2018 → 2025
Net result
€88k▲ 1.3%
2024 · €87k
2018: €64k
2019: €28k▼ -56.5% vs 2018
2020: €21k▼ -23.3% vs 2019lowest in 8 years
2021: €100k▲ +366% vs 2020highest in 8 years
2022: €98k▼ -2.3% vs 2021
2023: €98k▲ +0.4% vs 2022
2024: €87k▼ -11.2% vs 2023
2025: €88k▲ +1.3% vs 2024
2018 → 2025
Working capital
€-13k▲ 54.1%
2024 · €-27k
2018: €24khighest in 8 years
2019: €24k▼ -2.7% vs 2018
2020: €21k▼ -11.8% vs 2019
2021: €24k▲ +15.3% vs 2020
2022: €24k▲ +0.4% vs 2021
2023: €-40k▼ -265% vs 2022lowest in 8 years
2024: €-27k▲ +31.8% vs 2023
2025: €-13k▲ +54.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€25k▼ 4.4%€25k▲ 1.0%€26k▲ 1.0%€25k▼ 2.5%
2021: €26khighest in 5 years
2022: €25k▼ -4.4% vs 2021
2023: €25k▲ +1.0% vs 2022
2024: €26k▲ +1.0% vs 2023
2025: €25k▼ -2.5% vs 2024lowest in 5 years
Operating result€129k-€127k▼ 2.3%€126k▼ 0.2%€112k▼ 11.3%€114k▲ 1.7%
2021: €129khighest in 5 years
2022: €127k▼ -2.3% vs 2021
2023: €126k▼ -0.2% vs 2022
2024: €112k▼ -11.3% vs 2023lowest in 5 years
2025: €114k▲ +1.7% vs 2024
Net result€100k-€98k▼ 2.3%€98k▲ 0.4%€87k▼ 11.2%€88k▲ 1.3%
2021: €100khighest in 5 years
2022: €98k▼ -2.3% vs 2021
2023: €98k▲ +0.4% vs 2022
2024: €87k▼ -11.2% vs 2023lowest in 5 years
2025: €88k▲ +1.3% vs 2024
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 2025; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €180k
Fixed assets
€38k ▼ 29.0%
Current assets
€143k ▼ 36.8%
Equity and liabilities €180k
Equity
€25k ▼ 2.5%
Debt
€155k ▼ 38.7%
Debt's share of the balance-sheet total falls from 90.8% to 86.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€129k▲
2024 · €127k
Cash flow
€104k▲
2024 · €102k
Current ratio
0.92▲
2024 · 0.89
Debt to equity
6.19▼
2024 · 9.85
ROE
352.4%▲
2024 · 339.4%
ROA
49.0%▲
2024 · 31.3%
Interest coverage
769.16▲
2024 · 723.46
Debt ≤ 1 year
€155k▼
2024 · €253k
Income taxes
€25k▲
2024 · €25k
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 · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€279k€180k▼
Fixed assets21/28€53k€38k▼
Tangible fixed assets22/27€52k€37k▼
Furniture and vehicles24€52k€37k▼
Financial fixed assets28€900€900=
Current assets29/58€226k€143k▼
Amounts receivable within one year40/41€33k€33k▲
Trade receivables40€32k€33k▲
Other amounts receivable41€420€421▲
Cash at bank and in hand54/58€193k€108k▼
Deferred charges and accrued income490/1€704€1k▲
Equity and liabilities
Total equity and liabilities10/49€279k€180k▼
Equity10/15€26k€25k▼
Contributions10/11€19k€19k=
Reserves13€6k€6k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€1k€613▼
Amounts payable17/49€253k€155k▼
Amounts payable within one year42/48€253k€155k▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€81k€58k▼
Taxes450/3€16k€14k▼
Remuneration and social security454/9€66k€44k▼
Other amounts payable47/48€170k€96k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▲
Other operating charges640/8€874€961▲
Gross operating margin9900€128k€130k▲
Operating profit (loss)9901€112k€114k▲
Financial charges65/66B€175€168▼
Recurring financial charges65€175€168▼
Profit (loss) for the period before taxes9903€112k€114k▲
Income taxes67/77€25k€25k▲
Profit (loss) for the period9904€87k€88k▲
Profit (loss) for the period to be appropriated9905€87k€88k▲
Appropriation of the result
Profit (loss) to be appropriated9906€88k€90k▲
Profit (loss) brought forward from the previous period14P€988€1k▲
Profit to be distributed694/7€87k€89k▲
Return on contributions (dividend)694€87k€89k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €1k | €9k | €15k | €15k | ▲ 4.1% |
| Other operating charges640/8 | €894 | €1k | €1k | €874 | €961 | ▲ 9.9% |
| Gross operating margin9900 | €134k | €129k | €136k | €128k | €130k | ▲ 2.0% |
| Operating profit (loss)9901 | €129k | €127k | €126k | €112k | €114k | ▲ 1.7% |
| Financial income75/76B | €31 | €5 | - | - | - | - |
| Recurring financial income75 | €31 | €5 | - | - | - | - |
| Financial charges65/66B | €142 | €307 | €175 | €175 | €168 | ▼ 4.1% |
| Recurring financial charges65 | €142 | €307 | €175 | €175 | €168 | ▼ 4.1% |
| Profit (loss) for the period before taxes9903 | €129k | €126k | €126k | €112k | €114k | ▲ 1.7% |
| Income taxes67/77 | €29k | €28k | €28k | €25k | €25k | ▲ 3.0% |
| Profit (loss) for the period9904 | €100k | €98k | €98k | €87k | €88k | ▲ 1.3% |
| Profit (loss) for the period to be appropriated9905 | €100k | €98k | €98k | €87k | €88k | ▲ 1.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €175k | €218k | €258k | €279k | €180k | ▼ 35.4% |
| Fixed assets21/28 | €2k | €900 | €66k | €53k | €38k | ▼ 29.0% |
| Tangible fixed assets22/27 | €1k | - | €65k | €52k | €37k | ▼ 29.5% |
| Furniture and vehicles24 | €1k | - | €65k | €52k | €37k | ▼ 29.5% |
| Financial fixed assets28 | €900 | €900 | €900 | €900 | €900 | = |
| Current assets29/58 | €172k | €217k | €193k | €226k | €143k | ▼ 36.8% |
| Amounts receivable within one year40/41 | €57k | €55k | €52k | €33k | €33k | ▲ 1.4% |
| Trade receivables40 | €56k | €55k | €52k | €32k | €33k | ▲ 1.4% |
| Other amounts receivable41 | €709 | - | - | €420 | €421 | ▲ 0.2% |
| Cash at bank and in hand54/58 | €115k | €161k | €139k | €193k | €108k | ▼ 43.8% |
| Deferred charges and accrued income490/1 | €569 | €719 | €1k | €704 | €1k | ▲ 93.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €175k | €218k | €258k | €279k | €180k | ▼ 35.4% |
| Equity10/15 | €26k | €25k | €25k | €26k | €25k | ▼ 2.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €4k | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €2k | €726 | €988 | €1k | €613 | ▼ 50.8% |
| Amounts payable17/49 | €148k | €193k | €233k | €253k | €155k | ▼ 38.7% |
| Amounts payable within one year42/48 | €148k | €193k | €233k | €253k | €155k | ▼ 38.7% |
| Trade debts44 | €2k | €3k | €3k | €2k | €1k | ▼ 12.4% |
| Suppliers440/4 | €2k | €3k | €3k | €2k | €1k | ▼ 12.4% |
| Taxes, remuneration and social security45 | €62k | €91k | €132k | €81k | €58k | ▼ 29.2% |
| Taxes450/3 | €33k | €20k | €20k | €16k | €14k | ▼ 12.2% |
| Remuneration and social security454/9 | €29k | €71k | €112k | €66k | €44k | ▼ 33.3% |
| Other amounts payable47/48 | €85k | €99k | €98k | €170k | €96k | ▼ 43.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €100k | €98k | €98k | €87k | €88k | ▲ 1.3% |
| + Depreciation and write-downs630 | €3k | €1k | €9k | €15k | €15k | ▲ 4.1% |
| Operating cash flow (approximation) | €103k | €99k | €107k | €102k | €104k | ▲ 1.7% |
| Investment in fixed assets (approximation) | - | €0 | €-73k | €-2k | €0 | ▲ 100% |
| Change in cash | - | €46k | €-22k | €53k | €-84k | ▼ 258% |
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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €100k ▲366%
Operating result €129k, net result €100k, both a record.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €21k ▼23.3%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
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 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, Kapellen · 1 establishment unit since 2015
Ground area
2,478 m²
Building footprint
139 m²
Volume, LiDAR
774 m³
Parcel 11362M0267/00C000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TwinCiO
since 20152.242.770.355
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11362M0267/00C000 | Flanders | 2,478 m² | 1 · 138 m² | 8.1 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 32,868 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 (pre-2019)
Founded12-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.