Twilfit is not making its payments on time for the first time. According to information from Bolagsverket, the chain recently had a debt of SEK 5.1 million registered with Kronofogden. The vast majority of this amount relates to unpaid debts to Skatteverket, while SEK 9,720 relates to individual cases.
In addition to the current debts to the authority, the company's latest approved balance sheet shows that the total short-term liabilities in the business amount to SEK 298.9 million.
Dagens Handel reports that invoices have been sent to Kronofogden before being paid on several occasions during the past year. In March, the company paid SEK 5.8 million to the authority after a similar process. The company now has about two weeks to settle the current debt to avoid an investigation into garnishment.
Penalties and Legal Proceedings
The administrative work has also received attention recently. According to Dagens Handel, the company also failed to submit its annual report to Bolagsverket on time, resulting in a late fee. When submitting the report, it also emerged that the company is involved in a legal dispute concerning claims of several million kronor.
Looking at the financial figures, as Market recently reported, a mixed picture of the lingerie chain's performance emerges. In the company's annual report for the financial year 2024/2025, turnover decreased by 11 percent to SEK 266.9 million. At the same time, the company turned its previous loss of SEK 8.8 million into a positive operating profit of SEK 3.2 million.
The Future and the New Structure
The company is currently wholly owned by the Danish company Change of Scandinavia Holding. To meet the future, the company has undergone a restructuring, where two stores have been closed and 11 of 54 stores have been renovated.
The past year has continued to be an implementation phase for a new structure at Twilfit AB, in order to ensure future growth and a stronger market profile, they write in the report.
According to the documents, these changes have given the company a stable base to stand on. The plan now is to expand e-commerce and continue to develop selected physical stores. This includes pop-up stores and outlets, to reach more customers and optimize inventory management.