GRUST
InactiveFinancials · financial year 2025, micro format
2025 annual accounts filed late (24 days) Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00418363.
Equity
-€1,252▲ 89.5%
2024 · -€11,949
Total assets
€1,008▼ 95.5%
2024 · €22,259
Net result
€10,697
2024 · -€61,290
Working capital
-€1,252▲ 89.5%
2024 · -€11,949
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €11,026 after a loss of €60,936 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€11,026
2025
Net result€10,697
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1,008
2025
Equity-€1,252
2025
Debt€2,260
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€1,252
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2020
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€28,821-€34,517▲ 19.8%€6,734▼ 80.5%€24,214▲ 260%€13,668▼ 43.6%-€21,452-€60,936▼ 184%€11,026
Net result€15,920-€20,825▲ 30.8%€809▼ 96.1%€14,184▲ 18×€3,182▼ 77.6%-€25,578-€61,290▼ 140%€10,697
Equity€35,920-€56,745▲ 58.0%€57,554▲ 1.4%€71,738▲ 24.6%€74,920▲ 4.4%€49,342▼ 34.1%-€11,949-€1,252▲ 89.5%
Total assets€52,313-€90,800▲ 73.6%€137,634▲ 51.6%€233,910▲ 70.0%€98,229▼ 58.0%€91,550▼ 6.8%€22,259▼ 75.7%€1,008▼ 95.5%
Debt€16,393-€34,055▲ 108%€80,080▲ 135%€162,172▲ 103%€23,309▼ 85.6%€42,208▲ 81.1%€34,208▼ 19.0%€2,260▼ 93.4%
Working capital€33,055-€55,790▲ 68.8%€113,125▲ 103%€176,892▲ 56.4%€80,209▼ 54.7%€49,283▼ 38.6%-€11,949-€1,252▲ 89.5%
Staff (FTE)0.41▲ 150%
Turnover and EBIT margin not published: the micro format does not require them.
Key figures and ratios
Debt ≤ 1 year
€2,260▼
2024 · €34,208
Ratios withheld: a balance sheet total of €1,008 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €7,000 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,865 | €1,910 | €1,008 | €271 | €165 | €273 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €120 | €1,584 | €352 | €562 | €1,050 | ▲ 86.8% |
| Non-recurring operating charges66A | - | - | - | - | - | €50,000 | €71,801 | €0 | ▼ 100% |
| Gross operating margin9900 | €32,512 | €46,348 | €37,013 | €24,605 | €15,417 | €29,173 | €11,427 | €12,076 | ▲ 5.7% |
| Operating profit (loss)9901 | €28,821 | €34,517 | €6,734 | €24,214 | €13,668 | -€21,452 | -€60,936 | €11,026 | - |
| Financial income75/76B | - | - | - | €0 | €29 | €0 | - | €0 | - |
| Recurring financial income75 | €0 | €9 | €66 | €0 | €29 | €0 | - | €0 | - |
| Financial charges65/66B | - | - | - | €2,484 | €9,348 | €967 | €354 | €330 | ▼ 6.8% |
| Recurring financial charges65 | €100 | €61 | €1,803 | €2,484 | €9,348 | €967 | €354 | €330 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €28,721 | €34,464 | €4,997 | €21,730 | €4,349 | -€22,420 | -€61,290 | €10,697 | - |
| Income taxes67/77 | €12,801 | €13,639 | €4,187 | €7,546 | €1,167 | €3,159 | €0 | - | - |
| Profit (loss) for the period9904 | €15,920 | €20,825 | €809 | €14,184 | €3,182 | -€25,578 | -€61,290 | €10,697 | - |
| Profit (loss) for the period to be appropriated9905 | €15,920 | €20,825 | €809 | €14,184 | €3,182 | -€25,578 | -€61,290 | €10,697 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €52,313 | €90,800 | €137,634 | €233,910 | €98,229 | €91,550 | €22,259 | €1,008 | ▼ 95.5% |
| Fixed assets21/28 | €2,865 | €955 | €767 | €497 | €332 | €59 | €0 | - | - |
| Tangible fixed assets22/27 | €2,865 | €955 | €767 | €497 | €332 | €59 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €497 | €332 | €59 | €0 | - | - |
| Current assets29/58 | €49,448 | €89,845 | €136,866 | €233,413 | €97,897 | €91,491 | €22,259 | €1,008 | ▼ 95.5% |
| Amounts receivable after more than one year29 | - | - | - | €132,734 | €4,623 | €4,623 | €0 | - | - |
| Other amounts receivable291 | - | - | - | €132,734 | €4,623 | €4,623 | €0 | - | - |
| Amounts receivable within one year40/41 | €45,366 | €78,715 | €88,629 | €96,993 | €92,562 | €86,708 | €22,159 | €0 | ▼ 100% |
| Trade receivables40 | - | - | - | €9,116 | €0 | €22,001 | €22,159 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €87,877 | €92,562 | €64,707 | €0 | - | - |
| Current investments50/53 | €100 | €100 | €100 | €100 | €100 | €100 | €100 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €2,735 | €10,628 | €7,730 | €3,176 | €612 | €60 | €0 | €1,008 | - |
| Deferred charges and accrued income490/1 | - | - | - | €410 | €0 | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €52,313 | €90,800 | €137,634 | €233,910 | €98,229 | €91,550 | €22,259 | €1,008 | ▼ 95.5% |
| Equity10/15 | €35,920 | €56,745 | €57,554 | €71,738 | €74,920 | €49,342 | -€11,949 | -€1,252 | ▲ 89.5% |
| Contributions10/11 | €20,000 | - | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €15,920 | €36,745 | €37,554 | €51,738 | €54,920 | €29,342 | €796 | €796 | = |
| Non-distributable reserves130/1 | - | - | - | €796 | €796 | €796 | €796 | €796 | = |
| Reserves not available under the articles1311 | - | - | - | €796 | €796 | €796 | €796 | €796 | = |
| Distributable reserves133 | - | - | - | €50,942 | €54,124 | €28,546 | €0 | - | - |
| Profit (loss) carried forward14 | - | - | - | - | - | - | -€32,745 | -€22,048 | ▲ 32.7% |
| Amounts payable17/49 | €16,393 | €34,055 | €80,080 | €162,172 | €23,309 | €42,208 | €34,208 | €2,260 | ▼ 93.4% |
| Amounts payable after more than one year17 | - | - | €55,857 | €105,170 | €5,140 | €0 | - | - | - |
| Financial debts170/4 | - | - | - | €105,170 | €5,140 | €0 | - | - | - |
| Amounts payable within one year42/48 | €16,393 | €34,055 | €23,742 | €56,521 | €17,688 | €42,208 | €34,208 | €2,260 | ▼ 93.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €32,519 | €5,305 | €6,583 | €955 | €0 | ▼ 100% |
| Trade debts44 | €3,500 | €4,704 | €1,208 | €12,265 | €3,669 | €29,820 | €31,773 | €780 | ▼ 97.5% |
| Suppliers440/4 | - | - | - | €12,265 | €3,669 | €29,820 | €31,773 | €780 | ▼ 97.5% |
| Taxes, remuneration and social security45 | - | - | - | €11,734 | €8,713 | €4,326 | €0 | - | - |
| Taxes450/3 | - | - | - | €11,734 | €8,713 | €4,326 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €4 | €0 | €1,480 | €1,480 | €1,480 | = |
| Accrued charges and deferred income492/3 | - | - | - | €481 | €481 | €0 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,920 | €20,825 | €809 | €14,184 | €3,182 | -€25,578 | -€61,290 | €10,697 | - |
| + Depreciation and write-downs630 | €2,865 | €1,910 | €1,008 | €271 | €165 | €273 | €0 | - | - |
| Operating cash flow (approximation) | €18,786 | €22,735 | €1,817 | €14,454 | €3,347 | -€25,305 | -€61,290 | €10,697 | - |
| Investment in fixed assets (approximation) | - | €0 | -€820 | €0 | €0 | €0 | €59 | - | - |
| Change in cash | - | €7,893 | -€2,898 | -€4,554 | -€2,564 | -€552 | -€60 | €1,008 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 24-08-2026 | 2026-00418363 |
| 31-12-2024 | micro format | 20-06-2025 | 2025-00165542 |
| 31-12-2023 | micro format | 10-07-2024 | 2024-00247905 |
| 31-12-2022 | micro format | 14-09-2023 | 2023-00446200 |
| 31-12-2021 | micro format | 13-10-2022 | 2022-20467800 |
| 31-12-2020 | micro format | 17-02-2022 | 2022-05700600 |
| 31-12-2019 | micro format | 08-09-2020 | 2020-51600594 |
| 31-12-2018 | micro format | 17-07-2019 | 2019-34200057 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.