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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Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TWICEPOWER from Gent, company number BE0632942222, closed financial year 2025 with a result of € 126,440 after tax. For that financial year TWICEPOWER recorded a gross margin of € 233,800 and equity of € 261,490. Compared with financial year 2024, the result moved from € 145,412 to € 126,440. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 261,490
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 126,440
▼ 13% vs 2024
Profit after tax over the fiscal year.
€ 105,310
▲ 83% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 126,440 paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 12,517
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 504,013
▼ 9% vs 2024
€ 47,167 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 2,922
▼ 79% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,125
▲ 3% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 189,350 | € 226,463 | € 270,552 | € 233,800 | ▼ 14% |
| Profit after taxes | € 71,582 | € 101,520 | € 145,412 | € 126,440 | ▼ 13% |
| Equity | € 131,490 | € 161,490 | € 261,490 | € 261,490 | |
| Total debts | € 839,643 | € 861,631 | € 864,819 | € 931,656 | ▲ 8% |
| Cash | € 105,964 | € 167,409 | € 57,639 | € 105,310 | ▲ 83% |
| Land & buildings | € 812,488 | € 792,948 | € 760,248 | € 775,222 | ▲ 2% |
| Retained profit | € 91,490 | € 121,490 | € 221,490 | € 221,490 | |
| Dividend | € 71,582 | € 71,520 | € 45,412 | € 126,440 | ▲ 178% |
| Bank debt | € 645,514 | € 598,347 | € 551,180 | € 504,013 | ▼ 9% |
| Balance sheet total | € 971,133 | € 1,023,120 | € 1,126,308 | € 1,193,146 | ▲ 6% |
Key figures of TWICEPOWER, 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 TWICEPOWER?
What happened at TWICEPOWER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 126,440 (▼ 13% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 71,582 profit in 2022 to € 126,440 profit in 2025.
Paid € 145,528 in corporate taxes since 2022.
Best year ever: 2024, with € 145,412 profit.
Paid out € 314,955 in dividends to the owners in total.
Management
Behind TWICEPOWER are KATHY VANHAESEBROUCK and SIMON SMEETS. KATHY VANHAESEBROUCK is also behind ROVA, ROVASAC and UNIVERSIMA.
Directors
According to the 2025 annual accounts
SIMON SMEETS
Director
Establishments
Establishment units
Physical locations of this company
Holstraat 19
9000 Gent
Holstraat 21
9000 Gent
Active since 7 July 2015
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0632.942.222
- VAT number
- BE 0632.942.222
- Registered office
- Holstraat 19, 9000 Gent
- Names & denominations
- TWICEPOWER
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 July 2015
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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