FIELDTRUST
ActiveSummary
FIELDTRUST has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €25,153 and a net result of €369,264. Equity is growing by ~35.2% per year across the filed fiscal years. Its solvency ranks better than 11% of 9084 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+16
Solvency29▼-41
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.88 in 2023; short-term debt: 96.5% and cash: 72.3% of total assets), and 96.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 9084 sector peers (2024).
NBB · sector comparisonPosition among 9084 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
30 d late
2022
25 d late
2021
30 d late
2020
31 d late
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€25,153▼ 81.3%
2023 · €134,190
Total assets
€712,723▲ 139%
2023 · €298,202
Net result
€369,264▲ 921%
2023 · €36,178
Working capital
€18,195▼ 86.6%
2023 · €135,837
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€48,156=€31,738▼ 34.1%€27,086▼ 14.7%€48,862▲ 80.4%€494,841▲ 913%
Net result€32,450=€23,421within the sector's middle half▼ 27.8%€17,967within the sector's middle half▼ 23.3%€36,178above the sector's middle half▲ 101%€369,264above the sector's middle half▲ 921%
Equity€57,524▲ 26.4%€80,494within the sector's middle half▲ 39.9%€98,012within the sector's middle half▲ 21.8%€134,190within the sector's middle half▲ 36.9%€25,153below the sector's middle half▼ 81.3%
Total assets€133,371▲ 0.2%€241,195within the sector's middle half▲ 80.8%€251,606within the sector's middle half▲ 4.3%€298,202within the sector's middle half▲ 18.5%€712,723within the sector's middle half▲ 139%
Debt€87,638▼ 16.2%€160,701▲ 83.4%€153,594▼ 4.4%€164,012▲ 6.8%€687,569▲ 319%
Working capital€45,327▲ 59.7%€76,340within the sector's middle half▲ 68.4%€89,759within the sector's middle half▲ 17.6%€135,837above the sector's middle half▲ 51.3%€18,195below the sector's middle half▼ 86.6%
Solvency43.1%▲ 8.9pp33.4%within the sector's middle half▼ 9.8pp39.0%within the sector's middle half▲ 5.6pp45.0%within the sector's middle half▲ 6.0pp3.5%below the sector's middle half▼ 41.5pp
Current ratio1.52▲ 0.251.48within the sector's middle half▼ 0.041.58within the sector's middle half▲ 0.111.88within the sector's middle half▲ 0.291.03below the sector's middle half▼ 0.85
Return on assets (ROA)24.3%=9.7%within the sector's middle half▼ 14.6pp7.1%within the sector's middle half▼ 2.6pp12.1%within the sector's middle half▲ 5.0pp51.8%above the sector's middle half▲ 39.7pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result +921% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 913% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €712,723
Fixed assets
€6,958 ▼ 4.3%
Current assets
€705,765 ▲ 143%
Equity and liabilities €712,723
Equity
€25,153 ▼ 81.3%
Debt
€687,569 ▲ 319%
Debt's share of the balance-sheet total rises from 55.0% to 96.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€495,882▲
2023 · €49,862
Cash flow
€370,305▲
2023 · €37,178
Quick ratio
1.01▼
2023 · 1.84
Debt to equity
27.34▲
2023 · 1.22
Interest coverage
1021.97▲
2023 · 310.38
Debt ≤ 1 year
€687,569▲
2023 · €155,093
Income taxes
€127,452▲
2023 · €13,018
A ratio outside any meaningful range has been withheld (balance sheet total €712,723, equity €25,153).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 536 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.4%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 536 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €16 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44 | €1,000 | €1,000 | €1,000 | €1,041 | ▲ 4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2,392 | €2,831 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €474 | €510 | €499 | €1,315 | ▲ 163% |
| Non-recurring operating charges66A | - | €16 | €585 | €0 | - | - |
| Gross operating margin9900 | €50,886 | €33,228 | €31,572 | €53,192 | €497,197 | ▲ 835% |
| Operating profit (loss)9901 | €48,156 | €31,738 | €27,086 | €48,862 | €494,841 | ▲ 913% |
| Financial income75/76B | - | €475 | €476 | €494 | €2,360 | ▲ 377% |
| Recurring financial income75 | €523 | €475 | €476 | €494 | €2,360 | ▲ 377% |
| Financial charges65/66B | - | €107 | €220 | €161 | €485 | ▲ 202% |
| Recurring financial charges65 | €629 | €107 | €220 | €161 | €485 | ▲ 202% |
| Profit (loss) for the period before taxes9903 | €48,567 | €32,106 | €27,342 | €49,196 | €496,716 | ▲ 910% |
| Income taxes67/77 | €16,117 | €8,685 | €9,375 | €13,018 | €127,452 | ▲ 879% |
| Profit (loss) for the period9904 | €32,450 | €23,421 | €17,967 | €36,178 | €369,264 | ▲ 921% |
| Profit (loss) for the period to be appropriated9905 | €32,450 | €23,421 | €17,967 | €36,178 | €369,264 | ▲ 921% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €133,371 | €241,195 | €251,606 | €298,202 | €712,723 | ▲ 139% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €5,154 | €4,154 | €8,253 | €7,272 | €6,958 | ▼ 4.3% |
| Intangible fixed assets21 | €4,956 | €3,956 | €2,956 | €1,956 | €957 | ▼ 51.1% |
| Tangible fixed assets22/27 | - | - | - | - | €685 | - |
| Furniture and vehicles24 | - | - | - | - | €685 | - |
| Financial fixed assets28 | €198 | €198 | €5,297 | €5,316 | €5,316 | = |
| Current assets29/58 | €132,965 | €237,041 | €243,353 | €290,930 | €705,765 | ▲ 143% |
| Stocks and contracts in progress3 | €2,753 | €21,544 | €5,011 | €6,216 | €12,905 | ▲ 108% |
| Stocks30/36 | - | €21,544 | €5,011 | €6,216 | €12,905 | ▲ 108% |
| Amounts receivable within one year40/41 | €76,149 | €95,451 | €130,442 | €146,521 | €165,011 | ▲ 12.6% |
| Trade receivables40 | - | €95,451 | €130,442 | €146,521 | €142,092 | ▼ 3.0% |
| Other amounts receivable41 | - | - | - | - | €22,919 | - |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €65,073 | €107,121 | €96,264 | €124,795 | €515,495 | ▲ 313% |
| Deferred charges and accrued income490/1 | - | €12,925 | €11,636 | €13,398 | €12,354 | ▼ 7.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €133,371 | €241,195 | €251,606 | €298,202 | €712,723 | ▲ 139% |
| Equity10/15 | €57,524 | €80,494 | €98,012 | €134,190 | €25,153 | ▼ 81.3% |
| Contributions10/11 | €6,300 | €6,300 | €6,300 | €6,300 | €18,900 | ▲ 200% |
| Reserves13 | €48,993 | €72,414 | €90,381 | €126,560 | €1,890 | ▼ 98.5% |
| Non-distributable reserves130/1 | - | €1,890 | €1,890 | €1,890 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €1,890 | €0 | ▼ 100% |
| Other1319 | - | €1,890 | €1,890 | - | - | - |
| Distributable reserves133 | - | €70,524 | €88,491 | €124,670 | €1,890 | ▼ 98.5% |
| Profit (loss) carried forward14 | €0 | - | - | - | €3,933 | - |
| Investment grants15 | - | €1,780 | €1,330 | €1,330 | €430 | ▼ 67.7% |
| Amounts payable17/49 | €87,638 | €160,701 | €153,594 | €164,012 | €687,569 | ▲ 319% |
| Amounts payable within one year42/48 | €87,638 | €160,701 | €153,594 | €155,093 | €687,569 | ▲ 343% |
| Trade debts44 | €64,051 | €140,611 | €129,260 | €113,379 | €170,801 | ▲ 50.6% |
| Suppliers440/4 | - | €140,611 | €129,260 | €113,379 | €170,801 | ▲ 50.6% |
| Taxes, remuneration and social security45 | - | €20,090 | €24,272 | €41,714 | €26,768 | ▼ 35.8% |
| Taxes450/3 | - | €20,090 | €24,272 | €41,714 | €26,768 | ▼ 35.8% |
| Other amounts payable47/48 | - | - | €62 | €0 | €490,000 | - |
| Accrued charges and deferred income492/3 | - | - | - | €8,920 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,450 | €23,421 | €17,967 | €36,178 | €369,264 | ▲ 921% |
| + Depreciation and write-downs630 | €44 | €1,000 | €1,000 | €1,000 | €1,041 | ▲ 4.1% |
| Operating cash flow (approximation) | €32,494 | €24,421 | €18,967 | €37,178 | €370,305 | ▲ 896% |
| Investment in fixed assets (approximation) | - | €0 | -€5,099 | -€19 | -€727 | ▼ 3,726% |
| Change in cash | - | €42,048 | -€10,857 | €28,531 | €390,700 | ▲ 1,269% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
18-09
State Gazette act
RestructuringMerger · Declaration · Shareholding24 facts ▸
State Gazette act
Restructuring
Merger · Declaration · Shareholding24 facts ▸
- Merger, geruisloze fusie, totaliteit van het vermogen, de rechten en verplichtingen
- Other statement, distributeur van zakelijke ICT-oplossingen
- Other statement, gespecialiseerd in cybersecurity
- Other statement, 2024
- Other statement, activiteiten van FIELDTRUST werden als complementair beschouwd aan de bestaande ICT-distributieactiviteiten van BE-CLOUD BELGIUM
- Other statement, afzonderlijke administratieve, boekhoudkundige, juridische en organisatorische verplichtingen en kosten, motivatie
- Other statement, doel, vereenvoudigen van de bestaande vennootschapsstructuur
- Other statement, modaliteit, met fusie door overneming gelijkgestelde verrichting (geruisloze fusie)
- Other statement, voordelen
- Declaration, 31-03-2026
- Declaration, 31-03-2026
- Declaration, fiscale neutraliteit, zakelijke overwegingen, geen fiscale motieven
- +12 further facts in this act
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
31-12
Financial
Highest result since 2018net €369,264 ▲921%
Operating result €494,841, net result €369,264, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €100,000Eq €134,190 ▲36.9%
6 profitable years in a row build equity to €134,190.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Temse · 1 establishment unit since 2016
Ground area
1.7 ha
Building footprint
4,126 m²
Volume, LiDAR
30,356 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Slype(Z) 33, 8550 Zwevegem
since 20162.250.911.625
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B0367/00D000 | Flanders | 1.6 ha | 1 · 4,032 m² | 8.7 m · 2 fl. |
| 34042A1065/00E000 | Flanders | 263 m² | 1 · 94 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
De distributie, de vertegenwoordiging in de hoedanigheid van commercieel agentschap, en de verkoop van allerhande hardware, software, cloud-diensten binnen het domein van de…
Full purpose (13 activities)
- De distributie, de vertegenwoordiging in de hoedanigheid van commercieel agentschap, en de verkoop van allerhande hardware, software, cloud-diensten binnen het domein van de informatica, binnen het bureau-domein, binnen het telecommunicatiedomein, binnen het domein van beheer of advies
- Alle diensten van onderzoek en business-development
- De verhuur, de verkoop, de levering, en de aankoop van alle hard- en software; de ontwikkeling van informaticaprogramma’s
- De ontwikkeling, de plaatsing, het beheer, de verspreiding en de uitbating van allerhande beheers-, informatie-, en multimediasystemen
- Elke vorm van opleiding in de informatica, alsook in hard- en software
- De ontwikkeling, de plaatsing, het beheer, de verspreiding en de uitbating van gegevensdatabanken
- In het algemeen, het stellen van alle handelingen die verband houden met informatica
- De installatie van telecommunicatiemiddelen
- De ontwikkeling en de terbeschikkingstelling van software, van e-commerce, van internetsites in de ruimste zin van het woord
- De virtualisatie van applicaties en servers en de terbeschikkingstelling ervan aan de gebruikers via internet
- De terbeschikkingstelling en de verhuur van software in de meeste ruime zin
- Elke dienst voor derden binnen het domein van management en consultancy (raadgevende dienst)
- De installatie, het onderhoud, en de herstelling van computerhardware; Alle vormen van consultancy binnen de informaticasector
Accounting effect
01-04-2026
Other statement
Ondernemingsrechtbank Gent, afdeling Dendermonde, buitengewone algemene vergadering
Elektronische ondertekening, DocuSign
Neerlegging afschriften
2 more provisions on this in the deed
Structure & network
Part of the group
GRUPPO XXI
75 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- GRUPPO XXI
- HASTINGS & CORNWALL
- CONNECT +
- BE-CLOUD Belgium
- FIELDTRUST
Highest known parent: GRUPPO XXI. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:BE-CLOUD BELGIUM
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 18-09-2026 ↗
- BE-CLOUD BELGIUM (BE 0439.010.617) all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 4,414 companies in sector 46180 we hold annual accounts for 1,892. 1,220 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-01-2016
Fiscal year end31-12
Abbreviation NL
FT
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
46140Agents in the wholesale of industrial machinery, ships and aircraft
47400Retail sale of information and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0647644749
Also
9925:BE0647644749
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.