TWINNINGTEAM
TWINNINGTEAM has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-6k) and a net result of €-9k. Equity is shrinking by ~57.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 2199 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
| Equity | €-6k |
| Net result | €-9k |
| Better than sector | 5% |
| Active | 7 yrs |
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -318.1% | 27.8% | |
| Net result | €-9k | €4k | |
| Equity | €-6k | €30k | |
| Gross operating margin | €-3k | €35k | |
| Total assets | €2k | €149k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-8k | €2k | €16k | €-2k | €2k |
| Net profit | €-9k | €-11k | €7k | €-4k | €1k |
| Cash flow | €-9k | €-132 | €14k | €-3k | €2k |
| Staff costs | - | - | - | - | - |
| Income taxes | €1 | €293 | €500 | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €2k | €35k | €54k | €13k | €14k |
| Equity | €-6k | €3k | €14k | €6k | €10k |
| Debt | €7k | €32k | €40k | €7k | €4k |
| of which ≤ 1y | €7k | €17k | €16k | €6k | €3k |
| of which > 1y | - | €15k | €24k | - | - |
| Working capital | €-6k | €-6k | €3k | €3k | €6k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.22 | 0.67 | 1.19 | 1.59 | 2.75 |
| Quick ratio | 0.22 | 0.67 | 1.19 | 1.59 | 2.75 |
| Working capital ratio | -326.8% | -15.9% | 5.7% | 25.0% | 41.0% |
| Solvency | -318.1% | 8.8% | 25.5% | 49.7% | 69.6% |
| Debt / equity | -1.31 | 10.30 | 2.92 | 1.01 | 0.44 |
| Long-term debt ratio | - | 4.92 | 1.73 | - | - |
| Interest coverage | -7.61 | 1.10 | 13.72 | -4.42 | 5.32 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -491.8% | -30.4% | 13.5% | -27.0% | 7.8% |
| ROE | 154.6% | -343.6% | 53.0% | -54.3% | 11.2% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €2k | €35k | €54k | €13k | €14k |
| Fixed assets | 21/28 | €156 | €24k | €34k | €4k | €5k |
| Tangible fixed assets | 22/27 | €156 | €24k | €34k | €2k | €3k |
| Financial fixed assets | 28 | - | - | - | €2k | €2k |
| Current assets | 29/58 | €2k | €11k | €19k | €9k | €9k |
| Amounts receivable within one year | 40/41 | €2k | €10k | €15k | €9k | €8k |
| Cash & bank | 54/58 | €10 | €1k | €4k | €99 | €702 |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2k | €35k | €54k | €13k | €14k |
| Equity | 10/15 | €-6k | €3k | €14k | €6k | €10k |
| Contributions / capital | 10/11 | €14k | €14k | €14k | €14k | €14k |
| Reserves | 13 | €5k | €5k | €5k | - | - |
| Accumulated profits (losses) | 14 | €-25k | €-16k | €-5k | €-7k | €-4k |
| Amounts payable | 17/49 | €7k | €32k | €40k | €7k | €4k |
| Amounts payable after one year | 17 | - | €15k | €24k | - | - |
| Amounts payable within one year | 42/48 | €7k | €17k | €16k | €6k | €3k |
| Trade debts payable within one year | 44 | - | €1k | €4k | €5k | €3k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-3k | €4k | €19k | €-2k | €3k |
| Operating result | 9901 | €-8k | €-9k | €9k | €-3k | €2k |
| Financial charges | 65 | €1,000 | €2k | €1k | €482 | €464 |
| Result before taxes | 9903 | €-9k | €-10k | €8k | €-4k | €1k |
| Income taxes | 67/77 | €1 | €293 | €500 | - | - |
| Net result for the period | 9904 | €-9k | €-11k | €7k | €-4k | €1k |
| Result to be appropriated | 9905 | €-9k | €-11k | €7k | €-4k | €1k |
-
George Bridgeman GaryDirectorState Gazette act 22059553 (16-05-2022)Current16-05-2022 → present
Former directors (1)
-
Roll BarbaraDirectorState Gazette act 22059553 (16-05-2022)Former- → 16-05-2022
| NACE primary | Operation of sports facilities(93110) |
| Legal form | Private limited company(610) |
| Incorporation | 30-01-2019 |
| Status | Active |
| Postal code | 1380 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25051F0567/00A000 | Wallonia | 4,385 m² | 1 · 54 m² | - |
| 25021E0034/00L000 | Wallonia | 1,406 m² | 1 · 221 m² | 11.4 m · 3 fl. |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
13-09-2024 Registered office moved from Corroy to Lasne
- La place, Corroy 14-A2-2, 1325 Chaumont Gistoux → Grand Chemin, 13A 1380 Lasne
Technical details
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"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
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"region": "waals_gewest",
"street": "Grand Chemin",
"country": "BE",
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},
"old_address": {
"raw": "La place, Corroy 14-A2-2, 1325 Chaumont Gistoux",
"city": "Corroy",
"region": "waals_gewest",
"street": "La place",
"country": "BE",
"postcode": "1325",
"box_number": "14-A2-2",
"street_number": null,
"locality_suffix": "(Gistoux)"
},
"effective_date": "2024-09-02",
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}
],
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"act_meta": {
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"filing_date": "2024-09-02",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
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"date": "2024-08-26",
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},
"subject_company": {
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"name_full": "TWINNINGTEAM",
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"org_name": null,
"person_name": "Richard KELLY",
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"person_role_at_subject": "administrateur"
},
"co_filed_documents": [
"PV de l\u0027Assembl\u00E9e g\u00E9n\u00E9rale extraordinaire des actionnaires"
]
}21-02-2023 Registered office moved
Technical details
{
"events": [],
"notary": {
"name": "Pablo DE DONCKER",
"firm_city": null,
"firm_name": null,
"office_city": "Bruxelles",
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},
"act_meta": {
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"pub_date": "2023-02-21",
"filing_date": "2023-02-17",
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},
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},
"co_filed_documents": [
"une exp\u00E9dition de l\u2019acte \u002Bcoordination des statuts"
]
}16-05-2022 1 director appointed, 1 resigning
- George Bridgeman Gary, Bestuurder
- Roll Barbara, Bestuurder
Technical details
{
"events": [
{
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"name": "Roll Barbara",
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"act_meta": {
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},
"decisions": [
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}| Legal nameFR | TWINNINGTEAM |