ACTIVE

Twenty8

Financial year 2025 · closed on 31/12/2025
Net result
580,1 k €
+113.7% YoY
Gross margin
2 M €
+96.9% YoY
Equity
648,3 k €
+847.6% YoY
Workforce
16,8 ETP
+58.5% YoY

What does Twenty8 do?

Twenty8 is a Public limited company incorporated in 2016. Its main activity is: Computer consultancy activities. Its registered office is in Bruxelles. It employs on average 16,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0664.899.960
Incorporation
24/10/2016
Legal form
Public limited company
Registered office
Avenue Louise 367
1050 Bruxelles · BruxellesSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
16,8 ETP
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin2 M €1 M €824,4 k €587,9 k €62,7 k €-1,1 k €-1,1 k €-1,1 k €
EBITDA933,2 k €484,9 k €332,2 k €84,3 k €15,4 k €-1,1 k €-1,1 k €-1,1 k €
Operating result905,6 k €457,6 k €326,9 k €84,3 k €15,4 k €-1,1 k €-1,1 k €-1,1 k €
Net result580,1 k €271,5 k €180,8 k €47,8 k €10,8 k €-1,3 k €-1,2 k €-1,3 k €-0,2 €
Balance sheet
Equity648,3 k €68,4 k €68,4 k €116,8 k €69 k €16,3 k €17,5 k €18,7 k €20 k €
Total assets6,1 M €4,7 M €3,4 M €1,7 M €150,7 k €20,1 k €20,3 k €19,8 k €20 k €
Cash347,6 k €482,2 k €106,7 k €341,7 k €70,9 k €20,1 k €20,3 k €19,8 k €20 k €
Debts5,4 M €4,5 M €3,2 M €1,6 M €81,7 k €3,9 k €2,8 k €1,1 k €
Other
Workforce16,8 ETP10,6 ETP10,8 ETP14,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Steve SZUSTAK

Director · since 24 juin 2021

Active
Tiziano de Angelis

Director · since 24 juin 2021

Active

Ended mandates

Michel de Cassan Floyrac

Director · since 12 janvier 2017

Ended
Michel de Cassan Floyrac

Manager · since 12 janvier 2017

Ended
ISABELLE DE MENGIN

Director

Ended
ISABELLE DE MENGIN

Manager

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/06/202630/06/202502/04/202431/07/202319/07/202228/06/2021
General meeting26/05/202610/06/202526/03/202410/06/202310/06/202228/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/05/202629/06/2026FrenchPDF
Abridged model31/12/202410/06/202530/06/2025FrenchPDF
Abridged model31/12/202326/03/202402/04/2024FrenchPDF
Abridged model31/12/202210/06/202331/07/2023FrenchPDF
Micro model31/12/202110/06/202219/07/2022FrenchPDF
Micro model31/12/202028/05/202128/06/2021FrenchPDF
Micro model31/12/201930/06/202031/07/2020FrenchPDF
Micro model31/12/201830/06/201916/07/2019FrenchPDF
Micro model31/12/201730/06/201831/07/2018FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 2 active · 4 ended

Active mandates

Steve SZUSTAK

Director · since 24 juin 2021

Active
Tiziano de Angelis

Director · since 24 juin 2021

Active

Ended mandates

Michel de Cassan Floyrac

Director · since 12 janvier 2017

Ended
Michel de Cassan Floyrac

Manager · since 12 janvier 2017

Ended
ISABELLE DE MENGIN

Director

Ended
ISABELLE DE MENGIN

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates25/08/2026
    Nomination d'un administrateur, délégation de la gestion journalière et
    PDF
  • Mandates06/09/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DIVERS - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/08/2021
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office25/09/2020
    SIEGE SOCIAL - MODIFICATION FORME JURIDIQUE
    PDF
  • Registered office26/06/2019
    SIEGE SOCIAL
    PDF
  • Mandates02/03/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Other26/10/2016
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 2025580,1 k €
  2. 2024
    Annual accounts 2024271,5 k €
  3. 2023
    Annual accounts 2023180,8 k €
  4. 2022
    Annual accounts 202247,8 k €
  5. 2021
    Annual accounts 202110,8 k €
  6. 2021
    Name changeTWENTY8
  7. 2020
    Annual accounts 2020-1,3 k €
  8. 2019
    Annual accounts 2019-1,2 k €
  9. 2018
    Annual accounts 2018-1,3 k €
  10. 2017
    Annual accounts 2017-0,2 €
  11. 2017
    Name changeOlwime
  12. 24/10/2016
    IncorporationPublic limited company