ACTIVE

TWINS

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Financial year 2025 · closed on 31/12/2025

Net result

38,5 k €

+36.5% YoY

Gross margin

578,7 k €

+20.7% YoY

Equity

305,5 k €

+14.4% YoY

What does TWINS do?

TWINS is a Private limited company incorporated in 1992. Its main activity is: Manufacture of rubber products. Its registered office is in Evere.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.479.023

Incorporation

28/01/1992

Legal form

Private limited company

Registered office

Rue Colonel Bourg 119
1140 Evere · BruxellesSee on map

Contributed capital

43 629,26 €

Latest accounts

31/12/2025

Activities (NACE)

22140Manufacture of rubber products· main 59120Motion picture, video and television programme post-production activities 59120Motion picture, video and television programme post-production activities 59203Sound recording and music publishing activities 59203Sound recording and music publishing activities 92114Gambling and betting activities+3

Joint committees (1)

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	578,7 k €	+20.7%	479,3 k €	+15.0%	416,6 k €	+34.3%	310,1 k €	+31.1%	236,7 k €	+101%	117,6 k €	+41.0%	83,4 k €	+53.5%	54,3 k €	+22.4%	44,3 k €	-8.6%	48,5 k €	+12.0%	43,3 k €	-64.0%	120,2 k €	+13.2%	106,2 k €	+43.8%	73,8 k €	-36.9%	117 k €	-18.1%	142,9 k €	-7.0%	153,6 k €	-21.4%	195,4 k €	+23.5%	158,2 k €	-0.5%	159 k €
EBITDA	195,4 k €	+16.4%	167,9 k €	-28.5%	234,7 k €	+35.3%	173,5 k €	+14.0%	152,3 k €	+73.4%	87,8 k €	+16.1%	75,6 k €	+42.7%	53 k €	+25.2%	42,3 k €	-5.7%	44,9 k €	+11.1%	40,4 k €	-64.3%	113,1 k €	+6.5%	106,2 k €	+60.6%	66,1 k €	-36.2%	103,6 k €	+7.5%	96,3 k €	+10.9%	86,8 k €	-29.2%	122,7 k €	+37.4%	89,3 k €	+24.3%	71,8 k €
Operating result	75,2 k €	+39.8%	53,8 k €	-59.9%	134,1 k €	+5.0%	127,6 k €	+3.8%	123 k €	+108%	59,2 k €	+33.7%	44,3 k €	+131%	19,2 k €	+217%	6 k €	-3.8%	6,3 k €	+157%	-11 k €	-112%	88,7 k €	+155%	34,8 k €	+455%	6,3 k €	-84.9%	41,4 k €	+41.5%	29,3 k €	+18.6%	24,7 k €	-58.3%	59,1 k €	+140%	24,7 k €	+259%	6,9 k €
Net result	38,5 k €	+36.5%	28,2 k €	-70.9%	97,1 k €	+7.3%	90,4 k €	+1.0%	89,6 k €	+111%	42,5 k €	+69.5%	25,1 k €	+114%	11,7 k €	+293%	3 k €	-35.5%	4,6 k €	+123%	-20,4 k €	-110%	209,3 k €	+2254%	8,9 k €	+167%	-13,3 k €	-225%	10,6 k €	+297%	2,7 k €	+200%	-2,7 k €	-105%	57,3 k €	+1292%	-4,8 k €	+80.2%	-24,3 k €
Balance sheet
Equity	305,5 k €	+14.4%	266,9 k €	+11.8%	238,7 k €	+68.5%	141,6 k €	+177%	51,2 k €	-57.5%	120,4 k €	+54.6%	77,9 k €	-57.4%	182,8 k €	+6.9%	171 k €	+1.8%	168,1 k €	-31.5%	245,4 k €	-7.7%	265,9 k €	+370%	56,6 k €	+18.6%	47,7 k €	-21.7%	61 k €	+3.8%	58,7 k €	+4.8%	56,1 k €	-4.5%	58,7 k €	+373%	12,4 k €	+99.1%	6,2 k €
Total assets	893,5 k €	+44.8%	617,2 k €	-6.3%	659 k €	+12.6%	585,4 k €	+84.6%	317 k €	+28.3%	247,1 k €	+2.3%	241,5 k €	-19.8%	301 k €	-0.3%	301,8 k €	-2.2%	308,5 k €	-13.2%	355,3 k €	-56.9%	823,6 k €	+54.5%	533,2 k €	-0.2%	534,4 k €	-12.0%	607,5 k €	-3.5%	629,8 k €	-0.8%	635 k €	-6.6%	679,7 k €	-5.2%	716,9 k €	-1.4%	726,7 k €
Cash	104,2 k €	-6.9%	111,9 k €	-15.1%	131,8 k €	+12.5%	117,2 k €	+17.8%	99,5 k €	+13.8%	87,4 k €	-1.1%	88,4 k €	-37.3%	140,8 k €	-27.4%	193,9 k €	+23.7%	156,8 k €	-35.3%	242,3 k €	+905%	24,1 k €	+98.0%	12,2 k €		–		20,7 k €	+141%	8,6 k €	+170%	3,2 k €	+6.7%	3 k €	+577%	440,6 €		–
Debts	586,8 k €	+67.5%	350,2 k €	-16.7%	420,3 k €	-5.3%	443,7 k €	+66.9%	265,8 k €	+110%	126,7 k €	-22.6%	163,6 k €	+38.3%	118,3 k €	-9.6%	130,8 k €	-6.9%	140,4 k €	+27.9%	109,8 k €	-80.3%	557,8 k €	+17.0%	476,6 k €	-2.1%	486,7 k €	-11.0%	546,5 k €	-4.3%	571,1 k €	-1.4%	579 k €	-6.8%	621 k €	-11.1%	698,8 k €	-3.0%	720,5 k €
Other
Workforce	–		–		4,0 ETP		–		–		–		0,8 ETP		–		–		–		–		–		–		–		0,2 ETP	-80.0%	1,0 ETP	-16.7%	1,2 ETP	-40.0%	2,0 ETP	0.0%	2,0 ETP	-23.1%	2,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 19 ended

Active mandates

Denis RUELLE

Director · since 01 septembre 2023

Active

Cédric DEMOLLIN

Managing director

Active

Damien DEFRAENE

Managing director

Active

TWINSAUDIO

Managing director · 0656.567.858

Represented by Jean Luc FICHEFET

Active

Ended mandates

Henri MICHIELS

Manager · since 15 octobre 2022 · until 30 juin 2016

Ended

Jean Luc FICHEFET

Manager · since 15 octobre 2022 · until 30 juin 2016

Ended

Olivier RONVAL

Manager · since 15 octobre 2022 · until 30 juin 2016

Ended

Henri MICHIELS

Manager · since 30 août 2022 · until 30 juin 2016

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/07/2026	30/06/2025	10/08/2024	01/07/2023	15/10/2022	10/06/2021
General meeting	06/06/2026	07/06/2025	29/06/2024	03/06/2023	05/06/2022	05/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	06/06/2026	29/07/2026	French	PDF
Abridged model	31/12/2024	07/06/2025	30/06/2025	French	PDF
Abridged model	31/12/2023	29/06/2024	10/08/2024	French	PDF
Micro model	31/12/2022	03/06/2023	01/07/2023	French	PDF
Micro modelCorrection	31/12/2021	05/06/2022	15/10/2022	French	PDF
Micro model	31/12/2021	05/06/2022	30/08/2022	French	PDF
Micro model	31/12/2020	05/06/2021	10/06/2021	French	PDF
Abridged model	31/12/2019	06/06/2020	19/09/2020	French	PDF
Abridged model	31/12/2018	01/06/2019	04/07/2019	French	PDF
Abridged model	31/12/2017	02/06/2018	21/06/2018	French	PDF
Abridged model	31/12/2016	03/06/2017	29/08/2017	French	PDF
Abridged model	31/12/2015	04/06/2016	08/07/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	07/06/2014	12/08/2014	French	PDF
Abridged model	31/12/2012	15/05/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	17/08/2012	French	PDF
Abridged model	31/12/2010	15/06/2011	26/06/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	15/06/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	21/08/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	31/08/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	20/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 19 ended

Active mandates

Denis RUELLE

Director · since 01 septembre 2023

Active

Cédric DEMOLLIN

Managing director

Active

Damien DEFRAENE

Managing director

Active

TWINSAUDIO

Managing director · 0656.567.858

Represented by Jean Luc FICHEFET

Active

Ended mandates

Henri MICHIELS

Manager · since 15 octobre 2022 · until 30 juin 2016

Ended

Jean Luc FICHEFET

Manager · since 15 octobre 2022 · until 30 juin 2016

Ended

Olivier RONVAL

Manager · since 15 octobre 2022 · until 30 juin 2016

Ended

Henri MICHIELS

Manager · since 30 août 2022 · until 30 juin 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office14/11/2025
SIEGE SOCIAL - CAPITAL, ACTIONS
PDF
Mandates27/12/2023
DEMISSIONS, NOMINATIONS
PDF
Capital / shares11/05/2022
OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates23/01/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates04/08/2016
DEMISSIONS, NOMINATIONS
PDF
Registered office15/10/2015
SIEGE SOCIAL
PDF
Mandates04/07/2014
DEMISSIONS, NOMINATIONS
PDF
Capital / shares02/07/2004
ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202538,5 k €↑
2024
Annual accounts 202428,2 k €↓
2023
Annual accounts 202397,1 k €↑
2022
Annual accounts 202290,4 k €↑
2021
Annual accounts 202189,6 k €↑
2020
Annual accounts 202042,5 k €↑
2019
Annual accounts 201925,1 k €↑
2018
Annual accounts 201811,7 k €↑
2017
Annual accounts 20173 k €↓
2016
Annual accounts 20164,6 k €↑
2015
Annual accounts 2015-20,4 k €↓
2014
Annual accounts 2014209,3 k €↑
2013
Annual accounts 20138,9 k €↑
2012
Annual accounts 2012-13,3 k €↓
2011
Annual accounts 201110,6 k €↑
2010
Annual accounts 20102,7 k €↑
2009
Annual accounts 2009-2,7 k €↓
2008
Annual accounts 200857,3 k €↑
2007
Annual accounts 2007-4,8 k €↑
2006
Annual accounts 2006-24,3 k €
28/01/1992
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

TWINS

Overview

What does TWINS do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline