Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 23 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TWINNING from Koksijde, company number BE0453099668, closed financial year 2025 with a result of € -22,692 after tax. For that financial year TWINNING recorded a gross margin of € -9,920 and equity of € -20,706. Compared with financial year 2024, the result moved from € -28,763 to € -22,692. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ -20,706
▼ € 22,692 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -22,692
▲ 21 % less loss than in 2024
Profit after tax over the fiscal year.
€ 6,400
▲ 165% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -70,098.
People and assets in 2025
€ 11,268
▼ 48% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 7,060
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,963
▲ 139% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 3,506 | € 10,353 | € -10,579 | € -9,920 | ▲ € 658 |
| Profit after taxes | € -5,018 | € -10,982 | € -28,763 | € -22,692 | ▲ € 6,071 |
| Equity | € 41,731 | € 30,749 | € 1,986 | € -20,706 | ▼ € 22,692 |
| Total debts | € 108,837 | € 63,078 | € 43,455 | € 45,715 | ▲ 5% |
| Cash | - | - | € 2,413 | € 6,400 | ▲ 165% |
| Retained profit | € -7,662 | € -18,644 | € -47,407 | € -70,098 | ▼ € 22,692 |
| Bank debt | € 80,203 | € 48,845 | € 29,631 | € 0 | ▼ 100% |
| Balance sheet total | € 150,568 | € 93,827 | € 45,440 | € 25,009 | ▼ 45% |
Key figures of TWINNING, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to TWINNING?
What happened at TWINNING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 22,692. Source: NBB ↗
- New establishment in Koksijde. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,018 loss in 2022 to € 22,692 loss in 2025.
Paid € 1,331 in corporate taxes since 2022.
Management
Behind TWINNING are Peter Couvent and Veronique Maes.
Directors
According to the 2025 annual accounts
Peter Couvent
Director
Veronique Maes
Director
Establishments
Establishment units
Physical locations of this company
P. Delvauxlaan(Kok) 15
8670 Koksijde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0453.099.668
- VAT number
- BE 0453.099.668
- Registered office
- P. Delvauxlaan(Kok) 15, 8670 Koksijde
- Names & denominations
- TWINNING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 1994
- Peppol
- Active · Active since 8 Jul 2025
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