ACTIVE

TWEM

Financial year 2025 · Closed on 31/03/2025

Net result20,4 k €+192,7 %over 1 year

Gross margin86,4 k €+20,2 %over 1 year

Equity42,9 k €+50,4 %over 1 year

Identity

Source · BCE/KBO

TWEM is a Private limited company incorporated in 2011. Its main activity is: Management consultancy activities. Its registered office is in Bruxelles.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0837.101.684
Incorporation: 20/06/2011
Legal form: Private limited company
Registered office: Boulevard Adolphe Max 26
1000 Bruxelles · BruxellesSee on map
Contributed capital: 6 200,00 €
Latest accounts: 31/03/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74201Photographic activities 74201Photographic activities 85520Cultural education 85520Cultural education+2

Signals

ProfitablePositive cashflowPositive EBITDA

Financials

Source · NBB, 12 filings

Trend over 12 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	86,4 k €	+20.2%	71,9 k €	+68.8%	42,6 k €	-52.5%	89,6 k €	+370%	19,1 k €
EBITDA	85,1 k €	+44.4%	59 k €	+48.5%	39,7 k €	-45.3%	72,5 k €	+306%	17,9 k €
Operating result	44,1 k €	+121%	19,9 k €	+76.0%	11,3 k €	-73.6%	42,9 k €	+577%	-9 k €
Net result	20,4 k €	+193%	-22 k €	-868%	2,9 k €	-88.6%	25 k €	+300%	-12,5 k €
Balance sheet
Equity	42,9 k €	+50.4%	28,5 k €	-43.5%	50,5 k €	+6.0%	47,6 k €	+111%	22,6 k €
Total assets	458,2 k €	-9.2%	504,8 k €	-9.6%	558,4 k €	+30.3%	428,6 k €	-7.7%	464,3 k €
Cash	1,8 k €	-90.1%	17,8 k €	-59.6%	44 k €	+467%	7,8 k €	-23.0%	10,1 k €
Debts	415,4 k €	-12.4%	473,9 k €	-6.3%	505,6 k €	+33.5%	378,7 k €	-14.3%	441,7 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/03/2025

1 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Emir MASSART	DirectorMandate2022 accountsended

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Boulevard Adolphe Max 26 1000 Bruxelles

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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/10/2025	28/10/2024	01/11/2023	21/12/2022	02/03/2022	23/11/2020
General meeting	13/09/2025	14/09/2024	01/09/2023	09/09/2022	10/09/2021	11/09/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 12 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	13/09/2025	29/10/2025	French	PDF
Micro model	31/03/2024	14/09/2024	28/10/2024	Dutch	PDF
Micro model	31/03/2023	01/09/2023	01/11/2023	Dutch	PDF
Micro model	31/03/2022	09/09/2022	21/12/2022	French	PDF
Micro model	31/03/2021	10/09/2021	02/03/2022	French	PDF
Micro model	31/03/2020	11/09/2020	23/11/2020	French	PDF
Micro model	31/03/2018	14/09/2018	08/11/2018	French	PDF
Micro model	31/03/2017	08/09/2017	27/10/2017	French	PDF
Abridged model	31/03/2016	09/09/2016	28/09/2016	French	PDF
Abridged model	31/03/2015	11/09/2015	20/11/2015	French	PDF
Abridged model	31/03/2014	12/09/2014	31/10/2014	French	PDF
Abridged model	31/03/2013	13/09/2013	31/10/2013	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/03/2025

1 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Emir MASSART	DirectorMandate2022 accountsended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other22/09/2025
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Mandates22/09/2025
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office05/11/2014
SIEGE SOCIAL
PDF
Registered office06/06/2012
SIEGE SOCIAL
PDF
Registered office20/01/2012
Transfert du siège social
PDF
Other30/06/2011
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings12 filings

Mandates

EMIR MASSART

2011201220132014201520162017201820192020202120222023202420252026

TWEM

Mechelsesteenweg 205, 1970 Wezembeek-Oppem

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Boulevard Adolphe Max 26, 1000 BrusselsCurrent		CBE
Boulevard Adolphe MAx 205, 1000 Brussels	accounts 2025	Accounts 2025 · 2025-00551986
Mechelsesteenweg 205, 1970 Wezembeek-Oppem	accounts 2022 → 2024	Accounts 2024 · 2024-00515864

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
TWEMCurrent	accounts 2022 → 2025	Accounts 2025 · 2025-00551986

Events

2025
Annual accounts 202520,4 k €↑
2024
Annual accounts 2024-22 k €↓
2023
Annual accounts 20232,9 k €↓
2022
Annual accounts 202225 k €↑
2021
Annual accounts 2021-12,5 k €↓
2020
Annual accounts 202034,7 k €↑
2018
Annual accounts 2018-5,3 k €↓
2017
Annual accounts 201714,4 k €↑
2016
Annual accounts 20166,8 k €↓
2015
Annual accounts 20159,5 k €↑
2014
Annual accounts 2014-6,5 k €↓
2013
Annual accounts 2013356,6 €
20/06/2011
IncorporationPrivate limited company

TWEM

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events