CVTrust
ActiveThe file of CVTrust contains 2 historical bankruptcy publications, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 0.4% (very low). The 2024 annual accounts show negative equity (€-9k) and a net result of €-12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 20785 sector peers (fiscal year 2024).
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability64▲+15
Solvency22▼-4
Growth78=
Track record85
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29 against 0.36 in 2023; short-term debt: 74.9% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-2.7%
Return on assets
-3.5%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-9k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
26 d late
2022
25 d late
2021
16 d early
2020
24 d early
2019
18 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-9k
2023 · €3k
2018: €-216k
2019: €-303k
2020: €-387k
2021: €70k
2022: €-47k
2023: €3k
2018 → 2024
Total assets
€328k▼ 18.6%
2023 · €403k
2018: €477k
2019: €482k
2020: €467k
2021: €463k
2022: €438k
2023: €403k
2018 → 2024
Net result
€-12k▲ 84.7%
2023 · €-76k
2018: €-127k
2019: €-87k
2020: €-84k
2021: €-110k
2022: €-117k
2023: €-76k
2018 → 2024
Working capital
€-174k▼ 23.7%
2023 · €-141k
2018: €7k
2019: €-73k
2020: €-157k
2021: €-127k
2022: €-239k
2023: €-141k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-387k-€70k€-47k€3k€-9k
Operating result€-52k-€-69k▼ 34.6%€-105k▼ 50.8%€-58k▲ 44.7%€5k
Net result€-84k-€-110k▼ 30.6%€-117k▼ 5.8%€-76k▲ 34.9%€-12k▲ 84.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €5k after a loss of €58k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €328k
Fixed assets
€256k▼ 20.6%
Current assets
€72k▼ 10.3%
Key figures and ratios
EBITDA
€157k▲
2023 · €112k
Cash flow
€141k▲
2023 · €94k
Solvency
-2.7%▼
2023 · 0.6%
Current ratio
0.29▼
2023 · 0.36
Quick ratio
0.29▼
2023 · 0.36
Debt / equity
-37.39
ROA
-3.5%▲
2023 · -18.8%
Interest coverage
9.30▲
2023 · 5.87
Debt
€337k▼
2023 · €400k
Debt ≤ 1 year
€246k▲
2023 · €221k
Debt > 1 year
€91k▼
2023 · €172k
Income taxes
€234▲
2023 · €0
Staff costs
€45k▼
2023 · €48k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€403k€328k▼
Fixed assets21/28€323k€256k▼
Intangible fixed assets21€321k€254k▼
Tangible fixed assets22/27€654€406▼
Furniture and vehicles24€654€406▼
Financial fixed assets28€1k€1k=
Current assets29/58€80k€72k▼
Amounts receivable within one year40/41€61k€59k▼
Trade receivables40€59k€58k▼
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€15k€66▼
Deferred charges and accrued income490/1€4k€12k▲
Equity and liabilities
Total equity and liabilities10/49€403k€328k▼
Equity10/15€3k€-9k▼
Contributions10/11€772k€772k=
Capital10€109k€109k=
Issued capital100€109k€109k=
Outside capital11€663k€663k=
Share premium1100/10€663k€663k=
Profit (loss) carried forward14€-769k€-781k▼
Amounts payable17/49€400k€337k▼
Amounts payable after more than one year17€172k€91k▼
Financial debts170/4€172k€91k▼
Trade debts175€0-
Amounts payable within one year42/48€221k€246k▲
Current portion of amounts payable after more than one year42€85k€82k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€77k€82k▲
Suppliers440/4€77k€82k▲
Taxes, remuneration and social security45€55k€76k▲
Taxes450/3€48k€60k▲
Remuneration and social security454/9€7k€16k▲
Other amounts payable47/48€4k€7k▲
Accrued charges and deferred income492/3€8k€0▼
Income statement
Code20232024
Remuneration, social security and pensions62€48k€45k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€170k€153k▼
Other operating charges640/8€1k€0▼
Gross operating margin9900€161k€202k▲
Operating profit (loss)9901€-58k€5k▲
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€19k€17k▼
Recurring financial charges65€19k€17k▼
Profit (loss) for the period before taxes9903€-76k€-11k▲
Income taxes67/77€0€234▲
Profit (loss) for the period9904€-76k€-12k▲
Profit (loss) for the period to be appropriated9905€-76k€-12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-769k€-781k▼
Profit (loss) brought forward from the previous period14P€-693k€-769k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
27-03
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise francophone de Bruxelles · CVTRUST SA AVENUE LOUISE 231, 1050 IXELLES. déclarée le 19 février 2024 · event 18-03-2024
28-02
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · CVTRUST SA AVENUE LOUISE 231, 1050 IXELLES · event 19-02-2024
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalNBB filing
Directors · office · real estate
Directors
16 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louizalaan 2311050 BrusselGround area
5,672 m²
Building footprint
3,878 m²
Volume, LiDAR
86,391 m³
Parcel 21807G0131/00T000, Brussels · tallest building 45.8 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
CVTrust
since 20092.183.887.791
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0131/00T000 | Brussels | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALAIN HENDERICKX RUE DE STASSART 48 BL C/6,
1050 IXELLES |
19-02-2024 → present |
Public money · subsidies and aid
European research
1 project · 1 as coordinator · 50,000 EUR EU contributionProgrammes
h2020
Projects
The trusted solution for issuing certified documents to the blockchain, checkable in just a click
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Of 16,887 companies in sector 62100 we hold annual accounts for 8,777. 1,987 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-10-2009
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
62020IT consultancy
62200Computer consultancy and computer facilities management
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.