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
Twenthe Group from Deerlijk, company number BE0716768632, closed financial year 2025 with a result of € 2,064 after tax. For that financial year Twenthe Group recorded a gross margin of € 537,814 and equity of € 124,081. Compared with financial year 2024, the result moved from € 27,584 to € 2,064. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 3, 2026.
€ 124,081
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,064
▼ 93% vs 2024
Profit after tax over the fiscal year.
€ 131,305
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 117,881.
People and assets in 2025
10.5
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 470,598
▲ 17% vs 2024
€ 44,800 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.
€ 870
▼ 87% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 216,084
▲ 30% vs 2024
Loans from banks and other lenders, long and short.
€ 546,853
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 142,091
▲ 29% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 415,041 | € 469,566 | € 502,761 | € 537,814 | ▲ 7% |
| Profit after taxes | € 18,207 | € 30,656 | € 27,584 | € 2,064 | ▼ 93% |
| Equity | € 68,578 | € 96,833 | € 122,018 | € 124,081 | ▲ 2% |
| Total debts | € 1,023,758 | € 981,892 | € 1,172,065 | € 1,362,926 | ▲ 16% |
| Cash | € 100,150 | € 52,325 | € 168,436 | € 131,305 | ▼ 22% |
| Retained profit | € 62,378 | € 90,633 | € 115,818 | € 117,881 | ▲ 2% |
| Dividend | € 2,400 | € 2,400 | € 2,400 | € 0 | ▼ 100% |
| Bank debt | € 192,703 | € 181,859 | € 166,100 | € 216,084 | ▲ 30% |
| Balance sheet total | € 1,092,336 | € 1,078,725 | € 1,294,082 | € 1,487,007 | ▲ 15% |
| Employees (FTE) | - | 10 | 10 | 10.5 | ▲ 0.5 |
Key figures of Twenthe Group, 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 January 2027.
What happened to Twenthe Group?
What happened at Twenthe Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,064 (▼ 93% vs 2024). filed late Source: NBB ↗
- New establishment in Ieper. KBO
- New establishment in Kortrijk. KBO
- New establishment in Harelbeke. KBO
- New establishment in Deerlijk. KBO
- Start of the company according to the CBE. KBO
- Geert Parmentier became a director. NBB
In short
From € 18,207 profit in 2022 to € 2,064 profit in 2025.
Paid € 58,626 in corporate taxes since 2022.
Best year ever: 2023, with € 30,656 profit.
On average € 51,200 of value added per employee in 2025.
Management
Behind Twenthe Group is Geert Parmentier. Geert Parmentier is also behind TWENTHE GROUP.
Directors
According to the 2025 annual accounts
since 2018
Establishments
Establishment units
Physical locations of this company
De Spijker 1
8540 Deerlijk
Rijselstraat 32
8900 Ieper
Active since 1 January 2020
Sint-Jansstraat(Kor) 15
8500 Kortrijk
Active since 1 January 2020
Kleine Waregemsestraat 29
8530 Harelbeke
Active since 1 January 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0716.768.632
- VAT number
- BE 0716.768.632
- Registered office
- De Spijker 1, 8540 Deerlijk
- Names & denominations
- Twenthe Group
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 2018
- Peppol
- Active · Active since 15 Sept 2025
- Activities · NACE
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