OPENING OF BANKRUPTCY

TWIN ARC

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Financial year 2024 · closed on 31/12/2024

Net result

-346 k €

-118.7% YoY

Gross margin

-42,3 k €

-208.6% YoY

Equity

-237,1 k €

-317.7% YoY

Company — Opening of bankruptcy.

What does TWIN ARC do?

TWIN ARC is a Public limited company incorporated in 2003. Its registered office is in Lanaken.

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0480.377.949

Incorporation

28/05/2003

Legal form

Public limited company

Registered office

Europark 27
3620 Lanaken · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2024

Joint committees (5)

104
111
11102
209
218

Signals

Good liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-42,3 k €	-209%	38,9 k €	-80.4%	199,2 k €	-22.6%	257,2 k €	-11.4%	290,3 k €	-23.5%	379,6 k €	-29.6%	539 k €	-13.7%	624,9 k €	+9.4%	571,2 k €	-1.0%	576,7 k €	+18.6%	486,2 k €		–		–		–		–		709,5 k €	+13.8%	623,2 k €
EBITDA	-339,7 k €	-126%	-150,6 k €	-2551%	6,1 k €	-95.3%	131,7 k €	+608%	-25,9 k €	-1080%	-2,2 k €	-103%	70,6 k €	-57.1%	164,5 k €	+5.5%	155,9 k €	+10.8%	140,6 k €	-16.2%	167,7 k €	+22.1%	137,3 k €	-39.9%	228,4 k €	-24.2%	301,4 k €	+8.0%	279,1 k €	-7.9%	303,1 k €	+5.3%	287,7 k €
Operating result	-339,7 k €	-126%	-150,6 k €	-16995%	-881,1 €	-101%	115,5 k €	+312%	-54,5 k €	-160%	-21 k €	-640%	-2,8 k €	-104%	68,8 k €	-1.2%	69,6 k €	+37.6%	50,6 k €	-8.5%	55,3 k €	+379%	-19,8 k €	-129%	69 k €	-59.4%	170,1 k €	+36.9%	124,3 k €	-10.8%	139,4 k €	+13.2%	123,1 k €
Net result	-346 k €	-119%	-158,2 k €	-682%	-20,2 k €	-126%	78,8 k €	+302%	-39 k €	-110%	-18,6 k €	-10.3%	-16,8 k €	-147%	35,7 k €	-3.2%	36,9 k €	-2.1%	37,7 k €	+93.7%	19,5 k €	+328%	-8,5 k €	-157%	14,9 k €	-78.7%	69,9 k €	+84.0%	38 k €	-15.5%	44,9 k €	+115%	20,9 k €
Balance sheet
Equity	-237,1 k €	-318%	108,9 k €	-59.2%	267,1 k €	-7.0%	287,4 k €	+40.6%	204,4 k €	-16.0%	243,4 k €	-7.1%	262 k €	-43.9%	466,7 k €	-2.0%	476 k €	+8.5%	438,7 k €	+0.6%	436 k €	+4.7%	416,5 k €	-2.0%	425 k €	+3.6%	410,2 k €	+5.1%	390,3 k €	+10.8%	352,3 k €	+14.6%	307,3 k €
Total assets	747,2 k €	+12.3%	665,4 k €	-22.0%	853,1 k €	-45.4%	1,6 M €	-24.0%	2,1 M €	-13.5%	2,4 M €	+0.3%	2,4 M €	+7.5%	2,2 M €	+41.4%	1,6 M €	-10.5%	1,7 M €	-12.1%	2 M €	-14.9%	2,3 M €	-4.4%	2,4 M €	-18.4%	3 M €	+16.6%	2,6 M €	-7.9%	2,8 M €	+1.1%	2,7 M €
Cash	822,4 €	-78.4%	3,8 k €	-60.6%	9,7 k €	-94.5%	174,4 k €	+205108%	85 €	-96.5%	2,5 k €	-70.7%	8,4 k €	-88.1%	70,2 k €	+347%	15,7 k €	+518%	2,5 k €	+1.5%	2,5 k €	-55.4%	5,6 k €	-8.3%	6,1 k €	+225%	1,9 k €	-86.9%	14,4 k €	+280%	3,8 k €	-85.0%	25,2 k €
Debts	892,9 k €	+69.8%	526 k €	-10.2%	586 k €	-54.1%	1,3 M €	-31.1%	1,9 M €	-13.1%	2,1 M €	+7.4%	2 M €	+22.9%	1,6 M €	+68.1%	960,1 k €	-18.6%	1,2 M €	-17.5%	1,4 M €	-19.9%	1,8 M €	-5.8%	1,9 M €	-22.9%	2,5 M €	+18.4%	2,1 M €	-12.0%	2,4 M €	-0.6%	2,4 M €
Other
Workforce	–		–		6,8 ETP	0.0%	6,8 ETP	-9.3%	7,5 ETP	-18.5%	9,2 ETP	-23.3%	12,0 ETP	0.0%	12,0 ETP	+27.7%	9,4 ETP	-2.1%	9,6 ETP	+52.4%	6,3 ETP	+6.8%	5,9 ETP	-47.3%	11,2 ETP	+45.5%	7,7 ETP	-13.5%	8,9 ETP	-22.6%	11,5 ETP	+13.9%	10,1 ETP

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 31 ended

Active mandates

TWINIMMO

Managing director · since 28 octobre 2024 · 0480.378.345

Represented by Bekir CIÇEK

Active

Ended mandates

Abdullah Cicek

Managing director · since 22 mai 2018 · until 28 juin 2024

Ended

Fikret Cicek

Director · since 22 mai 2018 · until 28 juin 2024

Ended

Fikret Cicek

Managing director · since 22 mai 2018 · until 22 mai 2024

Ended

Mehmet-Akif Cicek

Director · since 22 mai 2018 · until 28 juin 2024

Ended

At this address

Other companies at this address

Company	CBE no.
TWINIMMO● Bankrupt	0480.378.345
TWINS CONSTRUCTION● Active	0466.804.877
TWINS TRAILERS● Active	0763.694.856

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	18/08/2025	28/09/2024	23/06/2023	04/07/2022	30/08/2021	24/07/2020
General meeting	27/06/2025	26/09/2024	23/06/2023	24/06/2022	25/06/2021	26/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	27/06/2025	18/08/2025	Dutch	PDF
Abridged model	31/12/2023	26/09/2024	28/09/2024	Dutch	PDF
Abridged model	31/12/2022	23/06/2023	23/06/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	04/07/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	24/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	04/07/2019	Dutch	PDF
Abridged model	31/12/2017	22/06/2018	29/08/2018	Dutch	PDF
Abridged model	31/12/2016	23/06/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	28/08/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	23/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	29/08/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	12/08/2013	Dutch	PDF
Full model	31/12/2011	22/06/2012	30/08/2012	Dutch	PDF
Full model	31/12/2010	24/06/2011	24/08/2011	Dutch	PDF
Full model	31/12/2009	25/06/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	17/08/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	22/06/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

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 · 1 active · 31 ended

Active mandates

TWINIMMO

Managing director · since 28 octobre 2024 · 0480.378.345

Represented by Bekir CIÇEK

Active

Ended mandates

Abdullah Cicek

Managing director · since 22 mai 2018 · until 28 juin 2024

Ended

Fikret Cicek

Director · since 22 mai 2018 · until 28 juin 2024

Ended

Fikret Cicek

Managing director · since 22 mai 2018 · until 22 mai 2024

Ended

Mehmet-Akif Cicek

Director · since 22 mai 2018 · until 28 juin 2024

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/10/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares26/04/2017
KAPITAAL - AANDELEN
PDF
Mandates15/12/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/10/2013
ONTSLAGEN - BENOEMINGEN
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

2024
Annual accounts 2024-346 k €↓
2023
Annual accounts 2023-158,2 k €↓
2022
Annual accounts 2022-20,2 k €↓
2021
Annual accounts 202178,8 k €↑
2019
Annual accounts 2019-39 k €↓
2018
Annual accounts 2018-18,6 k €↓
2017
Annual accounts 2017-16,8 k €↓
2016
Annual accounts 201635,7 k €↓
2015
Annual accounts 201536,9 k €↓
2014
Annual accounts 201437,7 k €↑
2013
Annual accounts 201319,5 k €↑
2012
Annual accounts 2012-8,5 k €↓
2011
Annual accounts 201114,9 k €↓
2010
Annual accounts 201069,9 k €↑
2009
Annual accounts 200938 k €↓
2008
Annual accounts 200844,9 k €↑
2007
Annual accounts 200720,9 k €
28/05/2003
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

TWIN ARC

Overview

What does TWIN ARC do?

Trend over 17 financial years

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