Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Twenty Three from Izegem, company number BE0672419737, closed financial year 2025 with a result of € -772,694 after tax. For that financial year Twenty Three recorded a gross margin of € 27,436 and equity of € 564,525. Compared with financial year 2024, the result moved from € 445,682 to € -772,694. The company made a loss. The buffer shrank hard: equity is 58 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 28, 2026.
€ 564,525
▼ 58% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -772,694
▼ still € 445,682 profit in 2024
Profit after tax over the fiscal year.
€ 129,690
▲ 154% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 502,125.
People and assets in 2025
5.4
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 395,902
▼ 23% vs 2024
€ 73,300 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.
€ 24,029
▼ 32% vs 2024
Of which on lease € 15,510.
Debts at end 2025
€ 2 million
▲ 8% vs 2024
€ 591,511 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 360,466
▼ 67% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 118,361
▼ 32% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 868,937 | € 1,168,464 | € 1,509,125 | € 27,436 | ▼ 98% |
| Profit after taxes | € 275,905 | € 265,786 | € 445,682 | € -772,694 | ▼ € 1.2 million |
| Equity | € 625,751 | € 891,537 | € 1,337,219 | € 564,525 | ▼ 58% |
| Total debts | € 2,072,850 | € 2,706,672 | € 3,219,357 | € 2,488,032 | ▼ 23% |
| Cash | € 65,023 | € 62,789 | € 50,974 | € 129,690 | ▲ 154% |
| Land & buildings | € 1,227,132 | € 1,174,132 | € 1,179,231 | € 1,120,990 | ▼ 5% |
| Retained profit | € 563,351 | € 829,137 | € 1,274,819 | € 502,125 | ▼ 61% |
| Bank debt | € 1,574,232 | € 1,749,283 | € 1,816,695 | € 1,967,300 | ▲ 8% |
| Balance sheet total | € 2,698,601 | € 3,598,209 | € 4,556,576 | € 3,052,557 | ▼ 33% |
| Employees (FTE) | 5 | 6.6 | 6.6 | 5.4 | ▼ 1.2 |
Key figures of Twenty Three, 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 Twenty Three?
What happened at Twenty Three in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 772,694 (▼ € 1.2 million vs 2024). Source: NBB ↗
- New establishment in Tielt. KBO
- New establishment in Izegem. KBO
- KRISTOF SOREYN became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 275,905 profit in 2022 to € 772,694 loss in 2025.
Paid € 313,636 in corporate taxes since 2022.
Best year ever: 2024, with € 445,682 profit.
On average € 5,100 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Twenty Three is KRISTOF SOREYN. It owns 50% of Twenty Three USA LLC itself.
Directors
According to the 2025 annual accounts
since 2017
Establishments
Establishment units
Physical locations of this company
Hollebeekstraat 16
8870 Izegem
Oostrozebekestraat 89
8760 Tielt
Active since 1 July 2025
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
ALIBABA-CN-NET Alibaba US Technology Co., Ltd., CN
Website info
Features
Security
Details
- Company number
- 0672.419.737
- VAT number
- BE 0672.419.737
- Registered office
- Hollebeekstraat 16, 8870 Izegem
- Names & denominations
- Twenty Three
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 March 2017
- Peppol
- Active · Active since 26 Jul 2024
- Contact
- twentythree.be [email protected]
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