TWA

What TWA does

TWA B.V. is a Dutch professional services firm founded around 1934 that provides valuations, audits, and advisory services primarily to insolvency professionals, banks and financial institutions, and companies in distress or transition across Europe. Headquartered at Overschiestraat 59, Amsterdam, the firm operates three core service lines — Taxaties (valuations of machinery, business inventories, real estate, and intellectual property), Audits (accounts receivable and inventory audits), and Advies (advisory on restructuring, recovery, and insolvency coordination) — delivered by a team of Federatie TMV and NRVT-registered appraisers and insolvency specialists. The firm's clients include all major Dutch banks, the Dutch Tax and Customs Administration, international financing syndicates, leasing companies, bankruptcy trustees, and corporates; TWA is regularly appointed by the courts as a judicial expert in complex valuation matters.

The firm has progressively productized its workflow. Since around 2010, TWA has migrated from pen-and-paper on-site recording to a proprietary FileMaker-based valuation platform with a custom tablet application used by valuers during on-site inspections; the system integrates data-driven techniques, benchmarking against historical reference databases, and artificial intelligence to accelerate report production. Its core revenue engine is project-based professional services fees per engagement, contracted following client quote requests and formalized in service contracts that cover the on-site visit, analysis, valuation report, and aftercare.

TWA is structurally a division of Troostwijk Auctions & Valuations, Europe's largest B2B auction house, which gives the firm a built-in sales-distribution channel for assets it has valued and access to a global buyer network. Engagements range from single-asset valuation reports to multi-stakeholder insolvency sales processes coordinated alongside partners such as PwC, including the resolution and asset disposition of distressed companies such as HES Hartel Tank Terminal and Aluminiumfabriek Aldel. The firm markets services via its multilingual website (Dutch, English, German) and direct outreach, with no disclosed public funding, M&A activity, or external investors beyond its parent group.

Name

TWA

Legal name

TWA B.V.

Website

https://twa.nl

Company type

Private

Founded year

1934

Operating status

Operating

Headcount range

11–50 employees

Short description

TWA B.V. is an Amsterdam-based, 90-year-old Dutch professional services firm that provides valuations, audits, and restructuring advisory to insolvency professionals, banks, leasing companies, and distressed companies across Europe, operating as a division of Troostwijk Auctions & Valuations.

Ownership category

akta.pro rank

Product category

Business Valuation and Advisory Services

NAICS

Offices of Real Estate Appraisers (531320)

akta.pro primary industry

Bankruptcy, Insolvency & Restructuring Valuation (BPAHANAJ)

akta.pro secondary industries

Machinery, Equipment & Fixed Asset Appraisal (BPAHANAD), Intangible Asset Valuation (IP, Brand, Customer, Technology) (BPAHANAB)

Keywords

• Asset valuation services
• Business advisory consulting
• Insolvency and restructuring
• Machinery and inventory appraisal
• Accounts receivable audits

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Professional Valuation Services: TWA generates revenue through professional valuation services for machinery, business inventories, real estate, and intellectual property. Valuations are conducted by registered/certified appraisers and delivered as independent valuation reports compliant with applicable standards. Fees are project-based, determined per engagement.
2. Audit Services: Audits of accounts receivable (debtor portfolios) and inventory for financing applications, reassessments, bankruptcies, mergers and acquisitions. These are fee-for-service engagements.
3. Advisory and Restructuring Services: Advisory services covering restructuring, financial recovery, insolvency coordination, asset repatriation, settlement of retention of title and securities, and assistance with seizures and legal proceedings. Revenue generated through consultancy fees for strategic and operational support.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

TWA B.V. delivers independent asset valuations, debtor and inventory audits, and restructuring and insolvency advisory to businesses, banks, courts, and insolvency practitioners. Its certified valuers appraise machinery, business inventories, real estate, and intellectual property, while also providing receivership support and strategic restructuring counsel.

Product overview

TWA offers a unified service platform comprising three interconnected professional services: Valuations (Taxaties), Audits, and Advice (Advies). Valuations form the core offering, covering machinery, business inventories, real estate, and intellectual property. Audits complement valuations by providing debtor and inventory analysis. Advice services help clients navigate complex business situations including restructurings and insolvencies. The company also integrates with Troostwijk Auctions & Valuations for sales execution.

Differentiator

Problem solved

Functional benefit

Products and services

• Taxaties (Valuations) Independent, NRVT-registered asset valuations covering machinery, business inventories, real estate, and intellectual property; delivered to businesses, banks, courts, and insolvency practitioners in support of credit, transaction, and insolvency decisions.
• Audits Debtor and inventory audits performed for businesses, banks, and insolvency practitioners to verify receivables and stock, often in distressed or credit-decision contexts.
• Advies (Restructuring and Insolvency Advisory) Restructuring and insolvency advisory, including support as court-appointed 'curator' (trustee/receiver), for businesses, courts, and insolvency practitioners.

Quantifiable outcome

• Electricity grid and transformers sold for over €12 million via private sale (60%) for Aluminiumfabriek Aldel, with settlement scenario, valuation and bankruptcy assistance handled by TWA.
• +2 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and major.

• TBAuctions (Troostwijk Auctions & Valuations)coreStrategic or Co-development PartnerTWA is a division/unit of TBAuctions (Troostwijk Auctions & Valuations), Europe's largest B2B auction house. This structural relationship provides TWA with access to the group's global buyer network for asset sales, and enables cross-referral of valuation and auction services. TWA's expertise in valuations and insolvency complements Troostwijk's auction execution capabilities.
• PwCmajorImplementation/ SI/ Consulting PartnerTWA partnered with PwC on the HES Hartel Tank Terminal insolvency case, supporting the sales process while PwC handled broader advisory. TWA provided valuation, insolvency assistance, and sales process guidance to ensure continuation of activities and retention of the installation.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Aucxis: Belgian provider of B2B auction and valuation technology/services for industrial and consumer assets. Comparable to TWA on Benelux geography and the auction-plus-valuation service stack.
• Vavato: Belgian/Dutch online B2B auctioneer handling industrial machinery, inventory, and insolvency-driven asset sales. Comparable as a regional Benelux competitor combining valuation services with online auction execution.
• Hilco Global: Global asset valuation, advisory and disposition firm specializing in retail, industrial, and intellectual property valuations tied to restructuring and insolvency. Comparable on the integrated valuation + asset disposition model and the restructuring-driven client base.
• BVA Auctions: Dutch-headquartered B2B auction and valuation firm covering machinery, inventory, and industrial assets. Directly comparable to TWA on geography (Benelux), asset class mix, and the integration of appraisal with auction execution.
• Gordon Brothers: Global valuation and disposition firm covering machinery, inventory, IP, and real estate for distressed and transitional situations. Comparable to TWA on asset breadth and the focus on bankruptcy/restructuring engagements, but at much larger international scale.

Broad incumbents

• Deloitte Valuation & Modeling: Big 4 valuation practice covering financial reporting, transaction, and insolvency-related valuations across all asset classes including IP. Comparable on the financial reporting and restructuring valuation services, with TWA competing on specialist machinery/inventory expertise and court-appointed credibility.
• Troostwijk Auctions & Valuations: Parent organization and Europe's largest B2B auction house, with which TWA shares the valuation-to-sale workflow. Comparable as the integrated auction/valuation group, but operates at much broader asset category and geographic scale than TWA.
• EY Valuation, Modeling and Economics: Big 4 valuation practice covering fair value, restructuring, and dispute-related valuations. Comparable to TWA on the corporate restructuring and financial valuation side, particularly in engagements involving intangible assets.
• PwC Valuations: Big 4 valuation practice providing fair value, restructuring, and insolvency-related valuation services. Already a partner of TWA on engagements such as HES Hartel Tank Terminal, PwC is comparable on the corporate/restructuring valuation side, with TWA competing on specialist movable-asset appraisals.
• KPMG Valuation Services: Big 4 practice offering financial reporting, transaction, and insolvency valuations. Comparable on advisory mandates to banks and trustees in distress situations, with TWA specializing in the machinery, inventory, and IP appraisal layer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/twabv

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TWA