Bankrupt · Opening faillissement (CBE)

TWIN ARC

BE0480377949

Rechtspersoon Public limited company 1 establishment

TWIN ARC is registered with the CBE as active in: Vervaardiging van aanhangwagens, opleggers en caravans. Public Limited, started on 28 May 2003, 1 establishment.

Europark 27, 3620 Lanaken

Behind the company: Twinimmo NV.

Start date

28 May 2003

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Negative equity NBB

    More debt than assets in 1 of the last 4 fiscal years.

  • Two loss years in a row NBB

    Negative result in 2023 and 2024.

  • Tight liquidity NBB

    Cash and receivables cover 35 % of short-term debt in 2024; threshold 65 %.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2024

TWIN ARC from Lanaken, company number BE0480377949, closed financial year 2024 with a result of € -346,041 after tax. For that financial year TWIN ARC recorded a gross margin of € -42,302 and equity of € -237,136. Compared with financial year 2023, the result moved from € -158,237 to € -346,041. 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 August 18, 2025.

What it is worth Caution

€ -237,136

▼ € 346,041 vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -346,041

▼ 119 % more loss than in 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 822

▼ 78% vs 2023

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -298,636.

People and assets in 2024

Wage cost

€ 282,554

▲ 62% vs 2023

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Debts at end 2024

Bank debt ≈ 8 years to go

€ 498,462

▲ 151% vs 2023

€ 61,005 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.

Owed to suppliers

€ 319,650

▲ 19% vs 2023

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 67,421

▲ 28% vs 2023

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
2021202220232024Change 2023 → 2024
Gross margin € 257,237 € 199,230 € 38,950 € -42,302 ▼ € 81,252
Profit after taxes € 78,827 € -20,236 € -158,237 € -346,041 ▼ € 187,804
Equity € 287,378 € 267,142 € 108,905 € -237,136 ▼ € 346,041
Total debts € 1,275,963 € 586,002 € 556,458 € 984,352 ▲ 77%
Cash € 174,406 € 9,661 € 3,805 € 822 ▼ 78%
Land & buildings € 6,885 € 0 - -
Retained profit € 225,878 € 205,642 € 47,405 € -298,636 ▼ € 346,041
Bank debt € 1,018,988 € 244,020 € 198,321 € 498,462 ▲ 151%
Balance sheet total € 1,563,341 € 853,145 € 665,363 € 747,216 ▲ 12%
Employees (FTE) 6.8 6.8 - -

Key figures of TWIN ARC, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.

What happened to TWIN ARC?

What happened at TWIN ARC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

TWIN ARC is active according to the CBE. Legal situation: Opening faillissement.

  • New annual accounts for financial year 2024: loss of € 346,041. filed late Source: NBB ↗
  • Twinimmo NV became a director. NBB
  • New establishment in Lanaken. KBO
  • Start of the company according to the CBE. KBO

In short

From € 78,827 profit in 2021 to € 346,041 loss in 2024.

Paid € 24,778 in corporate taxes since 2021.

Best year ever: 2021, with € 78,827 profit.

On average € 29,300 of value added per employee in 2022.

Management

Behind TWIN ARC is Twinimmo NV. Twinimmo NV is also behind TWINS CONSTRUCTION.

Directors

According to the 2024 annual accounts

Twinimmo NV

Managing director · represented by Bekir CIÇEK

Also active at: TWINS CONSTRUCTION

since 2024

Establishments

Establishment units

Physical locations of this company

Registered office

Europark 27

3620 Lanaken

2.131.927.960

Europark 27 2

3620 Lanaken

Active since 13 June 2003

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0480.377.949
VAT number
BE 0480.377.949
Registered office
Europark 27, 3620 Lanaken
Names & denominations
TWIN ARC
Enterprise type
Rechtspersoon
Legal form
Public limited company
Legal situation
Opening faillissement
Start date
28 May 2003
Peppol
Active · Active since 2 Sept 2025
Activities · NACE

Vervaardiging van aanhangwagens, opleggers en caravans

Vervaardiging van metalen constructiewerken en onderdelen daarvan

Vervaardiging van metalen constructiewerken en delen daarvan

Reparatie en onderhoud van producten van metaal

Vervaardiging van carrosserieën en aanhangwagens

Frequently asked questions

What does TWIN ARC do?
TWIN ARC is registered with the CBE as active in: Vervaardiging van aanhangwagens, opleggers en caravans. Public Limited, started on 28 May 2003, 1 establishment.
What is the address of TWIN ARC?
The registered office of TWIN ARC is located at Europark 27, 3620 Lanaken.
Is TWIN ARC still active?
No. The CBE lists TWIN ARC with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is TWIN ARC registered on Peppol?
Yes, TWIN ARC is registered on the Peppol network with ID 0208:0480377949.
What is the enterprise number of TWIN ARC?
The enterprise number of TWIN ARC is BE0480377949.
When was TWIN ARC founded?
TWIN ARC was founded on 28 May 2003.