ACTIVE

TWINTEC

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Financial year 2024 · closed on 31/12/2024

Net result

271,4 k €

-59.3% YoY

Revenue

9,6 M €

-11.5% YoY

Equity

23,6 M €

+25.4% YoY

Workforce

29,0 ETP

-2.0% YoY

What does TWINTEC do?

TWINTEC is a Public limited company incorporated in 1996. Its registered office is in Visé. It employs on average 29,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0457.315.903

Incorporation

28/02/1996

Legal form

Public limited company

Registered office

Rue d'Artagnan(VIS) 28
4600 Visé · WallonieSee on map

Contributed capital

10 283 393,52 €

Latest accounts

31/12/2024

Average workforce

29,0 ETP

Joint committees (3)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	9,6 M €	-11.5%	10,8 M €	-20.0%	13,5 M €	+52.5%	8,9 M €	+0.1%	8,8 M €	-26.0%	12 M €	+3.9%	11,5 M €	-10.1%	12,8 M €	-32.0%	18,8 M €	+0.8%	18,7 M €	+109%	8,9 M €	-12.4%	10,2 M €	-15.9%	12,1 M €	+13.8%	10,7 M €	+100%	5,3 M €	-58.3%	12,8 M €	-15.3%	15,1 M €	+19.6%	12,6 M €	-9.5%	14 M €
EBITDA	743,7 k €	-57.5%	1,7 M €	-12.6%	2 M €	+205%	656 k €	+258%	183,1 k €	-95.7%	4,2 M €	+335%	971,9 k €	+29.9%	748,2 k €	-30.9%	1,1 M €	+12.3%	963,2 k €	+5616%	16,9 k €	-97.5%	683,1 k €	+50.1%	455,1 k €	+186%	159,2 k €	+157%	-279,5 k €	-279%	156,2 k €	-58.0%	372,2 k €	-20.1%	465,6 k €	-20.5%	585,7 k €
Operating result	-10,9 k €	-101%	1 M €	-25.4%	1,4 M €	+378%	285,1 k €	+86.1%	153,2 k €	-96.3%	4,2 M €	+350%	926,4 k €	+47.9%	626,4 k €	-24.9%	834,6 k €	+18.0%	707,6 k €	+1588%	-47,5 k €	-109%	556,2 k €	+27.6%	436 k €	+173%	159,4 k €	+157%	-281,7 k €	-282%	154,8 k €	-55.3%	346,3 k €	-22.0%	443,8 k €	+8.1%	410,7 k €
Net result	271,4 k €	-59.3%	667 k €	+27.2%	524,4 k €	-90.9%	5,7 M €	+1013%	-628,8 k €	-118%	3,5 M €	+609%	495,7 k €	+38.4%	358,1 k €	-3.1%	369,4 k €	-24.8%	491,4 k €	+203%	162,3 k €	-77.2%	712,1 k €	+171%	262,7 k €	+78.8%	146,9 k €	+153%	-274,8 k €	-466%	75,1 k €	-63.4%	205,5 k €	-25.1%	274,4 k €	+17.8%	233 k €
Balance sheet
Equity	23,6 M €	+25.4%	18,8 M €	+3.7%	18,1 M €	+3.0%	17,6 M €	+98.4%	8,9 M €	+4.4%	8,5 M €	+70.3%	5 M €	+11.0%	4,5 M €	+8.6%	4,1 M €	+9.8%	3,8 M €	+15.0%	3,3 M €	+27.0%	2,6 M €	+196%	872,6 k €	+43.1%	609,9 k €	+31.7%	463,1 k €	-37.2%	737,8 k €	-5.4%	780,2 k €	-10.8%	874,7 k €	+2.9%	850,3 k €
Total assets	59,2 M €	+11.0%	53,4 M €	+5.0%	50,8 M €	-3.5%	52,7 M €	+39.0%	37,9 M €	+0.5%	37,7 M €	+43.8%	26,2 M €	+19.0%	22 M €	+8.0%	20,4 M €	+5.0%	19,4 M €	+16.3%	16,7 M €	+34.7%	12,4 M €	+38.5%	8,9 M €	+121%	4 M €	+46.3%	2,8 M €	-43.1%	4,9 M €	+2.7%	4,7 M €	-10.0%	5,3 M €	+28.7%	4,1 M €
Cash	272,6 k €	-65.6%	792,3 k €	+9.8%	721,4 k €	-35.1%	1,1 M €	+144%	456,5 k €	-62.8%	1,2 M €	+1093%	103 k €	-25.6%	138,4 k €	-58.1%	330,5 k €	+171%	122,1 k €	-39.4%	201,3 k €	-36.6%	317,7 k €	-43.6%	563,1 k €	+46.8%	383,6 k €	-24.3%	506,6 k €	+38.0%	367,1 k €	+102%	181,5 k €	+11.3%	163 k €	-80.8%	848,2 k €
Debts	35,6 M €	+3.1%	34,5 M €	+5.7%	32,7 M €	-6.5%	35 M €	+21.0%	28,9 M €	-0.8%	29,1 M €	+37.7%	21,2 M €	+21.1%	17,5 M €	+8.2%	16,1 M €	+3.9%	15,5 M €	+16.7%	13,3 M €	+36.1%	9,8 M €	+21.6%	8 M €	+134%	3,4 M €	+49.1%	2,3 M €	-43.8%	4,1 M €	+4.1%	3,9 M €	-10.2%	4,4 M €	+35.9%	3,2 M €
Other
Workforce	29,0 ETP	-2.0%	29,6 ETP	0.0%	29,6 ETP	+1.0%	29,3 ETP	+3.5%	28,3 ETP	+9.3%	25,9 ETP	+0.4%	25,8 ETP	-11.0%	29,0 ETP	-8.2%	31,6 ETP	-0.9%	31,9 ETP	+5.3%	30,3 ETP	0.0%	30,3 ETP	0.0%	30,3 ETP	-2.3%	31,0 ETP	-0.6%	31,2 ETP	-10.3%	34,8 ETP	-2.8%	35,8 ETP	+0.8%	35,5 ETP	+8.2%	32,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 35 ended

Active mandates

INITIATEL

Director · since 07 décembre 2018 · until 23 juin 2026 · 0458.002.623

Represented by Bernard GENDEBIEN

Active

Julien LAZZARI

Director · since 07 décembre 2018 · until 23 juin 2026

Active

Bruno LAZZARI

Director · since 28 février 1996 · until 23 juin 2026

Active

Ended mandates

NOSHAQ PARTNERS

Director · since 10 septembre 2021 · until 23 juin 2026 · 0808.219.836

Represented by Nathalie OMIN

Ended

NOSHAQ PARTNERS

Director · since 10 septembre 2020 · until 23 juin 2026 · 0808.219.836

Represented by Nathalie OMIN

Ended

NOSHAQ PARTNERS

Director · since 10 septembre 2020 · until 23 juin 2026 · 0808.219.836

Represented by Dimitri Yvon J Liquet

Ended

INITIATEL

Director · since 07 décembre 2018 · until 14 avril 2020 · 0458.002.623

Represented by Bernard Gendebien

Ended

At this address

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	m120-f-p	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/06/2025	13/03/2025	14/06/2023	16/06/2022	25/10/2021	08/09/2021
General meeting	24/06/2025	10/03/2025	31/05/2023	02/06/2022	01/01/9999	20/11/2020
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

36 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	24/06/2025	26/06/2025	French	PDF
m120-f-p	31/12/2024	17/07/2025	18/07/2025	French	PDF
Full modelCorrection	31/12/2023	10/03/2025	13/03/2025	French	PDF
Full model	31/12/2023	30/05/2024	07/06/2024	French	PDF
m120-f-p	31/12/2023	10/03/2025	13/03/2025	French	PDF
Full model	31/12/2022	31/05/2023	14/06/2023	French	PDF
m120-f-p	31/12/2022	23/06/2023	03/07/2023	French	PDF
Full model	31/12/2021	02/06/2022	16/06/2022	French	PDF
m120-f-p	31/12/2021	08/08/2022	12/08/2022	French	PDF
Full modelCorrection	31/12/2020	26/08/2021	11/10/2021	French	PDF
Full model	31/12/2020	26/08/2021	30/08/2021	French	PDF
m120-f-p	31/12/2020	01/01/9999	25/10/2021	French	PDF
Full modelCorrection	31/12/2019	20/11/2020	08/09/2021	French	PDF
Full model	31/12/2019	20/11/2020	24/11/2020	French	PDF
m120-f-pCorrection	31/12/2019	29/01/2020	16/02/2021	French	PDF
m120-f-p	31/12/2019	29/01/2020	09/02/2021	French	PDF
Full model	31/12/2018	23/09/2019	29/10/2019	French	PDF
m120-f-pCorrection	31/12/2018	05/12/2019	13/12/2019	French	PDF
m120-f-p	31/12/2018	23/09/2019	02/12/2019	French	PDF
Full model	31/12/2017	07/12/2018	20/12/2018	French	PDF
m120-f-p	31/12/2017	01/10/2018	18/01/2019	French	PDF
Full model	31/12/2016	20/06/2017	03/08/2017	French	PDF
m120-f-p	31/12/2016	04/08/2017	07/09/2017	French	PDF
Full model	31/12/2015	29/07/2016	01/08/2016	French	PDF

View all 36 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2024 · 3 active · 35 ended

Active mandates

INITIATEL

Director · since 07 décembre 2018 · until 23 juin 2026 · 0458.002.623

Represented by Bernard GENDEBIEN

Active

Julien LAZZARI

Director · since 07 décembre 2018 · until 23 juin 2026

Active

Bruno LAZZARI

Director · since 28 février 1996 · until 23 juin 2026

Active

Ended mandates

NOSHAQ PARTNERS

Director · since 10 septembre 2021 · until 23 juin 2026 · 0808.219.836

Represented by Nathalie OMIN

Ended

NOSHAQ PARTNERS

Director · since 10 septembre 2020 · until 23 juin 2026 · 0808.219.836

Represented by Nathalie OMIN

Ended

NOSHAQ PARTNERS

Director · since 10 septembre 2020 · until 23 juin 2026 · 0808.219.836

Represented by Dimitri Yvon J Liquet

Ended

INITIATEL

Director · since 07 décembre 2018 · until 14 avril 2020 · 0458.002.623

Represented by Bernard Gendebien

Ended

Shareholders

Ownership and network

Looking for more information about this company?

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates17/12/2024
DEMISSIONS, NOMINATIONS
PDF
Capital / shares30/01/2024
CAPITAL, ACTIONS
PDF
Mandates30/10/2023
DEMISSIONS, NOMINATIONS
PDF
Restructuring23/08/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - CAPITAL, ACTIONS - OBJET
PDF
Restructuring26/06/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates14/09/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates14/09/2022
DEMISSIONS, NOMINATIONS
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

24/06/2025
nominationMichaël FOCANT — Commissaire
24/06/2025
nominationHanine ESSAHELI — Commissaire
2024
Annual accounts 2024271,4 k €↓
25/01/2024
augmentation_capital
25/01/2024
apport
2023
Annual accounts 2023667 k €↑
02/10/2023
nominationDimitri LIQUET — représentant permanent
2022
Annual accounts 2022524,4 k €↓
01/07/2022
nominationFrédéric Driessens — représentant permanent de la société NOSHAQ Partners scrl Administrateur de Twintec SA
02/06/2022
nominationHanine ESSAHELI — Commissaire aux comptes
2021
Annual accounts 20215,7 M €↑
2020
Annual accounts 2020-628,8 k €↓
2019
Annual accounts 20193,5 M €↑
2018
Annual accounts 2018495,7 k €↑
2017
Annual accounts 2017358,1 k €↓
2016
Annual accounts 2016369,4 k €↓
2015
Annual accounts 2015491,4 k €↑
2014
Annual accounts 2014162,3 k €↓
2013
Annual accounts 2013712,1 k €↑
2012
Annual accounts 2012262,7 k €↑
2011
Annual accounts 2011146,9 k €↑
2010
Annual accounts 2010-274,8 k €↓
2009
Annual accounts 200975,1 k €↓
2008
Annual accounts 2008205,5 k €↓
2007
Annual accounts 2007274,4 k €↑
2006
Annual accounts 2006233 k €
28/02/1996
IncorporationPublic 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

TWINTEC

Overview

What does TWINTEC do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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