Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 48 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TWI from Zaventem, company number BE0454926733, closed financial year 2025 with a result of € -911,510 after tax. For that financial year TWI recorded a gross margin of € 5 million and equity of € 934,214. Compared with financial year 2024, the result moved from € -362,202 to € -911,510. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 934,214
▼ 50% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -911,510
▼ 152 % more loss than in 2024
Profit after tax over the fiscal year.
€ 15,951
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
144.3
▼ 2.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.2 million
▲ 3% vs 2024
€ 36,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 224,276
▲ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.6 million
€ 127,500 is repaid this year. At this pace the long-term loan is gone in ≈ 20 years.
€ 269,040
▲ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 833,101
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 4,609,557 | € 5,062,309 | € 4,998,826 | € 5,013,452 | |
| Profit after taxes | € 85,270 | € 117,070 | € -362,202 | € -911,510 | ▼ € 549,308 |
| Equity | € 2,119,214 | € 2,223,331 | € 1,853,426 | € 934,214 | ▼ 50% |
| Total debts | € 851,079 | € 945,497 | € 1,068,986 | € 3,677,454 | ▲ 244% |
| Cash | € 211,951 | € 48,884 | - | € 15,951 | |
| Land & buildings | € 21,285 | € 21,285 | € 21,285 | € 2,764,433 | ▲ € 2.7 million |
| Retained profit | € 1,979,529 | € 2,096,599 | € 1,734,396 | € 822,886 | ▼ 53% |
| Bank debt | € 0 | € 0 | € 0 | € 2,550,000 | |
| Balance sheet total | € 2,990,692 | € 3,189,228 | € 2,922,412 | € 4,611,668 | ▲ 58% |
| Employees (FTE) | 141.6 | 145.9 | 146.7 | 144.3 | ▼ 2.4 |
Key figures of TWI, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to TWI?
What happened at TWI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 911,510. Source: NBB ↗
- New establishment in Sint-Lambrechts-Woluwe. KBO
- Christophe LAUWERS became a director. NBB
- Trui RACQUET became a director. NBB
- Herman DE KEUKELEIRE became a director. NBB
- Dolf DE BACKER stepped down as director. NBB
- Luc LEMMENS stepped down as director. NBB
- Petra MATTHYS stepped down as director. NBB
In short
From € 85,270 profit in 2022 to € 911,510 loss in 2025.
Best year ever: 2023, with € 117,070 profit.
On average € 34,700 of value added per employee in 2025.
Management
Behind TWI are Thierry VERMEIREN, Joris VERBEECK, Christophe LAUWERS, Marleen EVENEPOEL, Bart GOOSSENS and Trui RACQUET. Joris VERBEECK is also behind TER WENDE - ESPERO. Christophe LAUWERS is also behind DEN DIEPEN BOOMGAARD and FUTLOBRI.
Directors
According to the 2025 annual accounts
Thierry VERMEIREN
Director
since 2019
since 2024
since 2025
Marleen EVENEPOEL
Director
since 2023
since 2024
Trui RACQUET
Director
Also active at: DEN DIEPEN BOOMGAARD, LIMBOS 1852, Richardson Sales Performance
since 2025
since 2023
Herman DE KEUKELEIRE
Director
Also active at: DEN DIEPEN BOOMGAARD, PRAGMATIC BUSINESS SUPPORT SERVICES
since 2025
Dolf DE BACKER
Director
since 2016 · until 2025
Luc LEMMENS
Director
since 2023 · until 2025
Petra MATTHYS
Director
Also active at: Weerwerk, De Winning Lokale Diensteneconomie, De Winning Maatwerk, VZW DE ENTER, TALEA, Pathmakers, De Winning Werk en Zorg
since 2020 · until 2025
Establishments
Establishment units
Physical locations of this company
Lozenberg 9
1932 Zaventem
Linthoutbosstraat 37
1200 Sint-Lambrechts-Woluwe
Active since 25 February 2026
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0454.926.733
- VAT number
- BE 0454.926.733
- Registered office
- Lozenberg 9, 1932 Zaventem
- Names & denominations
- TWI
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 22 February 1995
- Peppol
- Active · Active since 13 Mar 2025
- Activities · NACE
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