ACTIVE

TWINSTON MANAGEMENT

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Financial year 2025 · Closed on 31/12/2025

Net result
-1,6 k €
-1 317,4 %over 1 year
Gross margin
17 k €
+45,3 %over 1 year
Equity
56,1 k €
-2,8 %over 1 year

Identity

Source · BCE/KBO

TWINSTON MANAGEMENT is a Private limited company incorporated in 2003. Its main activity is: Activities of insurance agents and brokers. Its registered office is in Crisnée.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0862.226.565
Incorporation
16/12/2003
Legal form
Private limited company
Registered office
Rue Louis Happart 38
4367 Crisnée · WallonieSee on map
Contributed capital
43 600,00 €
Latest accounts
31/12/2025
Signals
Good liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin17 k €11,7 k €16,6 k €36,3 k €30 k €
EBITDA4,2 k €6,1 k €7,6 k €10,2 k €9,7 k €
Operating result2,5 k €4,5 k €6,6 k €9,7 k €9,5 k €
Net result-1,6 k €134,8 €2,1 k €4,8 k €5,4 k €
Balance sheet
Equity56,1 k €57,7 k €57,6 k €55,4 k €50,6 k €
Total assets188,1 k €106,9 k €110 k €93,4 k €91,1 k €
Cash–––––
Debts121,6 k €48,8 k €52,1 k €37,5 k €39,9 k €

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 31/12/2025

1 active · 1 ended

Active mandates

David BELLICANO

Mandate

Active

Ended mandates

PIETRO BELLICANO

Manager

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro 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 date29/07/202618/09/202526/09/202430/08/202319/08/202216/09/2021
General meeting30/06/202630/06/202515/05/202417/05/202318/05/202219/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/06/202629/07/2026FrenchPDF
Micro model31/12/202430/06/202518/09/2025FrenchPDF
Micro model31/12/202315/05/202426/09/2024FrenchPDF
Micro model31/12/202217/05/202330/08/2023FrenchPDF
Micro model31/12/202118/05/202219/08/2022FrenchPDF
Micro model31/12/202019/05/202116/09/2021FrenchPDF
Micro model31/12/201908/09/202029/10/2020FrenchPDF
Micro model31/12/201815/05/201930/09/2019FrenchPDF
Micro model31/12/201716/05/201829/05/2018FrenchPDF
Micro model31/12/201617/05/201725/08/2017FrenchPDF
Abridged model31/12/201518/05/201623/08/2016FrenchPDF
Abridged model31/12/201215/05/201327/08/2013FrenchPDF
Abridged model31/12/201116/05/201231/08/2012DutchPDF
Abridged model31/12/201030/06/201113/12/2011FrenchPDF
Abridged model31/12/200919/05/201009/03/2011FrenchPDF
Abridged model31/12/200802/12/200904/12/2009FrenchPDF
Abridged model31/12/200703/12/200812/01/2009FrenchPDF
Abridged model31/12/200630/06/200712/10/2007FrenchPDF
Abridged model31/12/200528/02/200712/10/2007FrenchPDF
Abridged model31/12/200426/10/200512/10/2007FrenchPDF

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 31/12/2025

1 active · 1 ended

Active mandates

David BELLICANO

Mandate

Active

Ended mandates

PIETRO BELLICANO

Manager

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates21/11/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares20/12/2013
    CAPITAL, ACTIONS - ASSEMBLEE GENERALE
    PDF
  • Mandates28/05/2010
    OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other23/12/2003
    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

  1. 2025
    Annual accounts 2025-1,6 k €↓
  2. 2024
    Annual accounts 2024134,8 €↓
  3. 2023
    Annual accounts 20232,1 k €↓
  4. 2022
    Annual accounts 20224,8 k €↓
  5. 2021
    Annual accounts 20215,4 k €↓
  6. 2020
    Annual accounts 202014,2 k €↑
  7. 2019
    Annual accounts 20195,3 k €↑
  8. 2018
    Annual accounts 20183,5 k €↓
  9. 2017
    Annual accounts 201720,8 k €↑
  10. 2016
    Annual accounts 20163,3 k €↑
  11. 2015
    Annual accounts 2015-3,3 k €↑
  12. 2012
    Annual accounts 2012-18,2 k €↓
  13. 2011
    Annual accounts 2011-11,5 k €↓
  14. 2010
    Annual accounts 2010-9,7 k €↓
  15. 2009
    Annual accounts 2009-721 €↓
  16. 2008
    Annual accounts 2008-688 €↓
  17. 2007
    Annual accounts 2007780 €↓
  18. 2006
    Annual accounts 20061,6 k €↓
  19. 2005
    Annual accounts 20053,2 k €↑
  20. 2004
    Annual accounts 2004-2,6 k €
  21. 16/12/2003
    IncorporationPrivate limited company