TRUST
ActiveSummary
TRUST has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €411,761 and a net result of €4,508. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 59% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-7
Solvency86=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.2 in 2024; short-term debt: 2.3% and cash: 1.1% of total assets), and 39.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.9%
Return on assets
0.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
29 d early
2023
22 d early
2022
11 d early
2021
18 d early
2020
24 d early
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#2 oldest company in Vosselaar, Administrative and support services sector#5 company by equity in Vosselaar, Administrative and support services sector#6 company by total assets in Vosselaar, Administrative and support services sector
Equity
€411,761▼ 1.2%
2024 · €416,906
Total assets
€676,134▼ 0.4%
2024 · €678,970
Net result
€4,508▼ 33.1%
2024 · €6,737
Working capital
-€6,195▲ 64.5%
2024 · -€17,459
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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
Line20212022202320242025
Operating result€13,931▲ 222%€18,771▲ 34.7%€18,325▼ 2.4%€19,516▲ 6.5%€16,072▼ 17.6%
Net result€8,768within the sector's middle half▲ 6,443%€13,667within the sector's middle half▲ 55.9%€8,347within the sector's middle half▼ 38.9%€6,737within the sector's middle half▼ 19.3%€4,508within the sector's middle half▼ 33.1%
Equity€432,342above the sector's middle half▲ 3.8%€427,197above the sector's middle half▼ 1.2%€422,052above the sector's middle half▼ 1.2%€416,906above the sector's middle half▼ 1.2%€411,761above the sector's middle half▼ 1.2%
Total assets€688,997above the sector's middle half▲ 15.0%€682,722above the sector's middle half▼ 0.9%€673,801above the sector's middle half▼ 1.3%€678,970above the sector's middle half▲ 0.8%€676,134above the sector's middle half▼ 0.4%
Debt€201,223▲ 74.7%€201,808▲ 0.3%€199,747▼ 1.0%€211,777▲ 6.0%€215,801▲ 1.9%
Working capital-€10,893-€26,434▼ 143%-€36,633▼ 38.6%-€17,459▲ 52.3%-€6,195▲ 64.5%
Solvency62.7%within the sector's middle half▼ 6.8pp62.6%within the sector's middle half▼ 0.2pp62.6%within the sector's middle half▲ 0.1pp61.4%within the sector's middle half▼ 1.2pp60.9%within the sector's middle half▼ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €676,134
Fixed assets
€666,528 ▼ 1.2%
Current assets
€9,606 ▲ 122%
Equity and liabilities €676,134
Equity
€411,761 ▼ 1.2%
Provisions
€48,572 ▼ 3.4%
Debt
€215,801 ▲ 1.9%
Debt's share of the balance-sheet total rises from 31.2% to 31.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€24,196▼
2024 · €27,982
Cash flow
€12,632▼
2024 · €15,203
Current ratio
0.61▲
2024 · 0.20
Debt to equity
0.52▲
2024 · 0.51
ROE
1.1%▼
2024 · 1.6%
ROA
0.7%▼
2024 · 1.0%
Interest coverage
2.28▼
2024 · 3.14
Debt ≤ 1 year
€15,801▼
2024 · €21,777
Debt > 1 year
€200,000▲
2024 · €190,000
Income taxes
€2,666▼
2024 · €5,599
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 14,684 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,660 | €6,660 | €6,661 | €8,466 | €8,124 | ▼ 4.0% |
| Other operating charges640/8 | €502 | €285 | €301 | €225 | €230 | ▲ 2.2% |
| Gross operating margin9900 | €21,093 | €25,716 | €25,287 | €28,207 | €24,426 | ▼ 13.4% |
| Operating profit (loss)9901 | €13,931 | €18,771 | €18,325 | €19,516 | €16,072 | ▼ 17.6% |
| Financial income75/76B | - | €99 | €3 | €3 | €5 | ▲ 66.7% |
| Recurring financial income75 | - | €99 | €3 | €3 | €5 | ▲ 66.7% |
| Financial charges65/66B | €6,775 | €6,934 | €7,074 | €8,898 | €10,618 | ▲ 19.3% |
| Recurring financial charges65 | €6,775 | €6,934 | €7,074 | €8,898 | €10,618 | ▲ 19.3% |
| Profit (loss) for the period before taxes9903 | €7,156 | €11,936 | €11,254 | €10,621 | €5,459 | ▼ 48.6% |
| Transfer from deferred taxes780 | €4,664 | €6,860 | €1,715 | €1,715 | €1,715 | = |
| Income taxes67/77 | €3,052 | €5,129 | €4,622 | €5,599 | €2,666 | ▼ 52.4% |
| Profit (loss) for the period9904 | €8,768 | €13,667 | €8,347 | €6,737 | €4,508 | ▼ 33.1% |
| Transfer from tax-exempt reserves789 | - | - | €5,145 | €5,146 | €5,145 | = |
| Profit (loss) for the period to be appropriated9905 | €8,768 | €13,667 | €13,492 | €11,883 | €9,653 | ▼ 18.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €688,997 | €682,722 | €673,801 | €678,970 | €676,134 | ▼ 0.4% |
| Fixed assets21/28 | €680,808 | €674,148 | €667,487 | €674,652 | €666,528 | ▼ 1.2% |
| Tangible fixed assets22/27 | €680,808 | €674,148 | €667,487 | €674,652 | €666,528 | ▼ 1.2% |
| Land and buildings22 | €680,808 | €674,148 | €667,487 | €667,553 | €660,197 | ▼ 1.1% |
| Furniture and vehicles24 | - | - | - | €7,099 | €6,331 | ▼ 10.8% |
| Current assets29/58 | €8,189 | €8,574 | €6,314 | €4,318 | €9,606 | ▲ 122% |
| Amounts receivable within one year40/41 | €1,735 | €1,555 | €2,047 | €1,047 | €2,482 | ▲ 137% |
| Trade receivables40 | €1,735 | €1,555 | €2,031 | €1,047 | €2,082 | ▲ 98.9% |
| Other amounts receivable41 | - | - | €16 | - | €400 | - |
| Cash at bank and in hand54/58 | €6,454 | €7,019 | €4,267 | €3,271 | €7,124 | ▲ 118% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €688,997 | €682,722 | €673,801 | €678,970 | €676,134 | ▼ 0.4% |
| Equity10/15 | €432,342 | €427,197 | €422,052 | €416,906 | €411,761 | ▼ 1.2% |
| Contributions10/11 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Reserves13 | €308,342 | €303,197 | €298,052 | €292,906 | €287,761 | ▼ 1.8% |
| Non-distributable reserves130/1 | €12,400 | €12,400 | - | - | - | - |
| Reserves not available under the articles1311 | €12,400 | €12,400 | - | - | - | - |
| Tax-exempt reserves132 | €166,296 | €161,151 | €156,006 | €150,860 | €145,715 | ▼ 3.4% |
| Distributable reserves133 | €129,646 | €129,646 | €142,046 | €142,046 | €142,046 | = |
| Provisions and deferred taxes16 | €55,432 | €53,717 | €52,002 | €50,287 | €48,572 | ▼ 3.4% |
| Deferred taxes168 | €55,432 | €53,717 | €52,002 | €50,287 | €48,572 | ▼ 3.4% |
| Amounts payable17/49 | €201,223 | €201,808 | €199,747 | €211,777 | €215,801 | ▲ 1.9% |
| Amounts payable after more than one year17 | €181,800 | €166,800 | €156,800 | €190,000 | €200,000 | ▲ 5.3% |
| Financial debts170/4 | €181,000 | €166,000 | €156,000 | €190,000 | €200,000 | ▲ 5.3% |
| Other amounts payable178/9 | €800 | €800 | €800 | - | - | - |
| Amounts payable within one year42/48 | €19,082 | €35,008 | €42,947 | €21,777 | €15,801 | ▼ 27.4% |
| Financial debts43 | €15,000 | €15,000 | €15,000 | - | - | - |
| Other loans439 | €15,000 | €15,000 | €15,000 | - | - | - |
| Trade debts44 | €39 | - | - | - | - | - |
| Suppliers440/4 | €39 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €4,043 | €10,100 | €7,773 | €12,342 | €7,427 | ▼ 39.8% |
| Taxes450/3 | €4,043 | €10,100 | €7,773 | €12,342 | €7,427 | ▼ 39.8% |
| Other amounts payable47/48 | - | €9,908 | €20,174 | €9,435 | €8,374 | ▼ 11.2% |
| Accrued charges and deferred income492/3 | €341 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,768 | €13,667 | €8,347 | €6,737 | €4,508 | ▼ 33.1% |
| + Depreciation and write-downs630 | €6,660 | €6,660 | €6,661 | €8,466 | €8,124 | ▼ 4.0% |
| Operating cash flow (approximation) | €15,428 | €20,327 | €15,008 | €15,203 | €12,632 | ▼ 16.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€15,631 | €0 | ▲ 100% |
| Change in cash | - | €565 | -€2,752 | -€996 | €3,853 | ▲ 487% |
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
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €134 ▼99.9%
Net result drops to €134, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €160,454 ▲5,806%
Operating result €238,899, net result €160,454, both a record.
31-12
Financial
Liquidity times 24current ratio 103.23
Current ratio from 4.30 to 103.23.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Vosselaar · 1 establishment unit since 1999
Ground area
1,059 m²
Building footprint
188 m²
Volume, LiDAR
1,026 m³
Parcel 13046B0059/00Y000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TRUST
since 19992.059.241.803
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13046B0059/00Y000 | Flanders | 1,059 m² | 1 · 188 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,509. 2,099 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
Founded05-10-1992
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
68110Buying and selling of own real estate
70200Business and other management consultancy
Contact
E-mail
Annemie@dergent.be
Phone
014410981
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448361021
Also
9925:BE0448361021
Registered
18-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.