TWINTEC
ActiveSummary
TWINTEC has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €23.58M and a net result of €271k. Equity is growing by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 61% of 1290 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability32▼-17
Solvency65▲+5
Growth43▼-18
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €950k at 30 days acceptable
Liquidity short (current ratio 0.82 against 0.67 in 2023; short-term debt: 49.2% and cash: 0.5% of total assets), and 60.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
39.8%
Return on assets
0.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
225 d late
2022
47 d early
2021
45 d early
2020
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema, statutory accounts
Turnover
€9.55M▼ 11.5%
2023 · €10.80M
2018: €11.50M
2019: €11.95M
2020: €8.84M
2021: €8.85M
2022: €13.50M
2023: €10.80M
2018 → 2024
EBIT margin
-0.1%▼ 9.5pp
2023 · 9.4%
2018: 8.1%
2019: 34.9%
2020: 1.7%
2021: 3.2%
2022: 10.1%
2023: 9.4%
2018 → 2024
Net result
€271k▼ 59.3%
2023 · €667k
2018: €496k
2019: €3.51M
2020: €-629k
2021: €5.74M
2022: €524k
2023: €667k
2018 → 2024
Working capital
€-5.18M▲ 41.8%
2023 · €-8.89M
2018: €-7.36M
2019: €-12.13M
2020: €-5.31M
2021: €-6.85M
2022: €-9.14M
2023: €-8.89M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€8.84M-€8.85M▲ 0.1%€13.50M▲ 52.5%€10.80M▼ 20.0%€9.55M▼ 11.5%
Equity€8.88M-€17.62M▲ 98.4%€18.15M▲ 3.0%€18.81M▲ 3.7%€23.58M▲ 25.4%
Operating result€153k-€285k▲ 86.1%€1.36M▲ 378%€1.02M▼ 25.4%€-11k
Net result€-629k-€5.74M€524k▼ 90.9%€667k▲ 27.2%€271k▼ 59.3%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €11k after €1.02M in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €59.21M
Fixed assets
€35.28M ▼ 0.7%
Current assets
€23.93M ▲ 34.2%
Equity and liabilities €59.21M
Equity
€23.58M ▲ 25.4%
Provisions
€16k =
Debt
€35.61M ▲ 3.1%
Debt's share of the balance-sheet total falls from 64.7% to 60.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€744k▼
2023 · €1.75M
Cash flow
€1.03M▼
2023 · €1.40M
Current ratio
0.82▲
2023 · 0.67
Quick ratio
0.78▲
2023 · 0.62
Debt to equity
1.51▼
2023 · 1.84
ROE
1.2%▼
2023 · 3.5%
ROA
0.5%▼
2023 · 1.2%
Interest coverage
0.38▼
2023 · 1.22
Debt ≤ 1 year
€29.11M▲
2023 · €26.72M
Debt > 1 year
€6.49M▼
2023 · €7.81M
Income taxes
€35k▲
2023 · €28k
Staff costs
€1.26M▼
2023 · €1.27M
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 · 2024 against 2023 · 92 lines
Balance sheet
Code20232024
Assets
Total assets20/58€53.36M€59.21M▲
Fixed assets21/28€35.53M€35.28M▼
Intangible fixed assets21€197k€148k▼
Tangible fixed assets22/27€2.60M€1.96M▼
Land and buildings22€117k€114k▼
Plant, machinery and equipment23€586k€468k▼
Furniture and vehicles24€29k€17k▼
Leasing and similar rights25€1.87M€1.36M▼
Financial fixed assets28€32.73M€33.17M▲
Affiliated companies280/1€32.57M€33.02M▲
Participating interests280€28.71M€29.21M▲
Amounts receivable281€3.86M€3.81M▼
Other financial fixed assets284/8€165k€152k▼
Shares284€15k€15k=
Amounts receivable and cash guarantees285/8€150k€137k▼
Current assets29/58€17.83M€23.93M▲
Amounts receivable after more than one year29€56k€0▼
Other amounts receivable291€56k€0▼
Stocks and contracts in progress3€1.23M€1.19M▼
Stocks30/36€1.23M€1.19M▼
Raw materials and consumables30/31€1.23M€1.19M▼
Amounts receivable within one year40/41€15.73M€22.45M▲
Trade receivables40€2.43M€2.56M▲
Other amounts receivable41€13.30M€19.89M▲
Cash at bank and in hand54/58€792k€273k▼
Deferred charges and accrued income490/1€23k€25k▲
Equity and liabilities
Total equity and liabilities10/49€53.36M€59.21M▲
Equity10/15€18.81M€23.58M▲
Contributions10/11€5.78M€10.28M▲
Capital10€5.78M€10.28M▲
Issued capital100€5.78M€10.28M▲
Reserves13€778k€792k▲
Non-distributable reserves130/1€578k€592k▲
Legal reserve130€578k€592k▲
Distributable reserves133€200k€200k=
Profit (loss) carried forward14€12.25M€12.51M▲
Provisions and deferred taxes16€16k€16k=
Provisions for liabilities and charges160/5€16k€16k=
Environmental obligations163€16k€16k=
Amounts payable17/49€34.53M€35.61M▲
Amounts payable after more than one year17€7.81M€6.49M▼
Financial debts170/4€7.81M€6.49M▼
Subordinated loans170€5.17M€250k▼
Unsubordinated bonds171€1.42M€5.24M▲
Leasing and similar obligations172€952k€501k▼
Credit institutions173€273k€0▼
Other loans174-€500k
Amounts payable within one year42/48€26.72M€29.11M▲
Current portion of amounts payable after more than one year42€2.24M€2.13M▼
Financial debts43€13.52M€12.78M▼
Credit institutions430/8€13.52M€12.78M▼
Trade debts44€10.71M€11.49M▲
Suppliers440/4€10.71M€11.49M▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€132k€81k▼
Taxes450/3€60k€16k▼
Remuneration and social security454/9€72k€65k▼
Other amounts payable47/48€120k€2.63M▲
Accrued charges and deferred income492/3€0€8k▲
Income statement
Code20232024
Operating income70/76A€10.91M€9.71M▼
Turnover70€10.80M€9.55M▼
Other operating income74€113k€162k▲
Operating charges60/66A€9.90M€9.73M▼
Goods for resale, raw materials and consumables60€6.55M€6.31M▼
Purchases600/8€6.48M€6.26M▼
Change in stocks: decrease (increase)609€71k€45k▼
Services and other goods61€1.30M€1.25M▼
Remuneration, social security and pensions62€1.27M€1.26M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€732k€755k▲
Other operating charges640/8€13k€147k▲
Non-recurring operating charges66A€25k-
Operating profit (loss)9901€1.02M€-11k▼
Financial income75/76B€1.65M€2.51M▲
Recurring financial income75€1.65M€2.51M▲
Income from financial fixed assets750€718k€1.01M▲
Income from current assets751€567k€1.50M▲
Other financial income752/9€362k€5k▼
Financial charges65/66B€1.97M€2.19M▲
Recurring financial charges65€1.97M€2.19M▲
Debt charges650€1.43M€1.93M▲
Other financial charges652/9€535k€260k▼
Profit (loss) for the period before taxes9903€695k€306k▼
Income taxes67/77€28k€35k▲
Taxes670/3€28k€35k▲
Tax adjustments and reversals of tax provisions77€306-
Profit (loss) for the period9904€667k€271k▼
Profit (loss) for the period to be appropriated9905€667k€271k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12.25M€12.52M▲
Profit (loss) brought forward from the previous period14P€11.58M€12.25M▲
Transfer to equity691/2-€14k
To the legal reserve6920-€14k
Social balance
Average headcount (FTE)908729.629.0▼
The notes to these accounts (88 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
13-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 225 days late
13-03
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated · 225 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €5.74M
Net result €5.74M after one loss-making year.
31-12
Financial
Equity above €10MEq €17.62M ▲98.4%
Equity rises from €8.88M to €17.62M.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated · 30 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-629k ▼118%
Net result drops to €-629k, the lowest in the series; recovery starts the following year.
2019
31-12
Financial
Equity above €5MEq €8.51M ▲70.3%
2 profitable years in a row build equity to €8.51M.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 30 acts read
About the unread acts
We know of 30 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
30 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, Visé · 1 establishment unit since 1996
Ground area
570 m²
Building footprint
577 m²
Volume, LiDAR
3,396 m³
Parcel 62108B0131/00Y000, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue d'Artagnan(VIS) 28, 4600 Visé
since 19962.075.756.646
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62108B0131/00Y000 | Wallonia | 570 m² | 1 · 577 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
1 categoryTWINTEC SA34274
Legal Entity Identifier
54930037BVUM2NLH1C49
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Of 2,451 companies in sector 41003 we hold annual accounts for 1,054. 139 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-02-1996
Fiscal year end31-12
Activities, NACEBEL 2025
23610Manufacture of other non-metallic mineral products
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:04 379 88 20
Fax:04 379 88 28