TRUST BIKE
ActiveTRUST BIKE has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €181k and a net result of €53k. Equity is growing by ~30% per year across the filed fiscal years. Its solvency ranks better than 33% of 10252 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability59▼-4
Solvency47=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.11 in 2024; short-term debt: 61.9% and cash: 5.9% of total assets), and 77.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
22.2%
Return on assets
6.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
22 d late
2023
30 d late
2022
22 d late
2021
26 d late
2020
40 d early
2019
46 d early
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€53k▼ 34.8%
2024 · €81k
2018: €3k
2019: €-5k
2020: €6k
2021: €5k
2022: €14
2023: €43k
2024: €81k
2018 → 2025
Working capital
€134k▲ 136%
2024 · €57k
2018: €-15k
2019: €154
2020: €20k
2021: €-92k
2022: €-56k
2023: €-26k
2024: €57k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€40k=€83k▲ 107%€163k▲ 97.7%€181k▲ 10.8%
Operating result€15k-€22k▲ 42.9%€84k▲ 286%€158k▲ 89.5%€102k▼ 35.4%
Net result€5k-€14▼ 99.7%€43k▲ 313,712%€81k▲ 88.8%€53k▼ 34.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €815k
Fixed assets
€177k▼ 5.5%
Current assets
€639k▲ 13.8%
Equity and liabilities €815k
Equity
€181k▲ 10.8%
Debt
€634k▲ 8.4%
The debt ratio falls from 78.2% to 77.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€121k▼
2024 · €184k
Cash flow
€72k▼
2024 · €107k
Solvency
22.2%▲
2024 · 21.8%
Current ratio
1.27▲
2024 · 1.11
Quick ratio
0.43▲
2024 · 0.23
Debt / equity
3.51▼
2024 · 3.58
ROE
29.1%▼
2024 · 49.4%
ROA
6.5%▼
2024 · 10.8%
Interest coverage
3.91▲
2024 · 3.69
Debt
€634k▲
2024 · €585k
Debt ≤ 1 year
€505k=
2024 · €505k
Debt > 1 year
€124k▲
2024 · €80k
Income taxes
€24k▼
2024 · €32k
Staff costs
€115k▲
2024 · €93k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€748k€815k▲
Fixed assets21/28€187k€177k▼
Tangible fixed assets22/27€187k€177k▼
Land and buildings22€180k€174k▼
Plant, machinery and equipment23€2k€838▼
Furniture and vehicles24€5k€2k▼
Current assets29/58€561k€639k▲
Stocks and contracts in progress3€443k€420k▼
Stocks30/36€443k€420k▼
Amounts receivable within one year40/41€107k€167k▲
Trade receivables40€5k€22k▲
Other amounts receivable41€103k€145k▲
Cash at bank and in hand54/58€7k€48k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€748k€815k▲
Equity10/15€163k€181k▲
Contributions10/11€37k€37k=
Reserves13€122k€142k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€120k€140k▲
Profit (loss) carried forward14€4k€2k▼
Amounts payable17/49€585k€634k▲
Amounts payable after more than one year17€80k€124k▲
Financial debts170/4€80k€124k▲
Amounts payable within one year42/48€505k€505k=
Financial debts43€293k€244k▼
Credit institutions430/8€293k€244k▼
Trade debts44€116k€112k▼
Suppliers440/4€116k€112k▼
Advances received on contracts in progress46€25k€35k▲
Taxes, remuneration and social security45€70k€68k▼
Taxes450/3€61k€58k▼
Remuneration and social security454/9€8k€10k▲
Other amounts payable47/48€2k€46k▲
Accrued charges and deferred income492/3€701€6k▲
Income statement
Code20242025
Remuneration, social security and pensions62€93k€115k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€19k▼
Other operating charges640/8€8k€6k▼
Gross operating margin9900€285k€243k▼
Operating profit (loss)9901€158k€102k▼
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€50k€31k▼
Recurring financial charges65€50k€31k▼
Profit (loss) for the period before taxes9903€113k€77k▼
Income taxes67/77€32k€24k▼
Profit (loss) for the period9904€81k€53k▼
Profit (loss) for the period to be appropriated9905€81k€53k▼
Appropriation of the result
Profit (loss) to be appropriated9906€124k€57k▼
Profit (loss) brought forward from the previous period14P€43k€4k▼
Transfer to equity691/2€120k€20k▼
To other reserves6921€120k€20k▼
Profit to be distributed694/7-€35k
Return on contributions (dividend)694-€35k
Social balance
Average headcount (FTE)90872.82.6▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 22 days late
2024
31-12
Financial
Highest result since 2018net €81k ▲88.8%
Operating result €158k, net result €81k, both a record.
31-12
Financial
Equity above €150kEq €163k ▲97.7%
5 profitable years in a row build equity to €163k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 22 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-5k ▼246%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Braine-l'Alleud · 1 establishment unit since 1994
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.
Chaussée d'Alsemberg 7101420 Braine-l'AlleudGround area
730 m²
Building footprint
361 m²
Volume, LiDAR
2,579 m³
Parcel 25014A0582/00E002, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TRUST BIKE
since 19942.066.398.918
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25014A0582/00E002 | Wallonia | 730 m² | 1 · 361 m² | 8.7 m · 2 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.
Similar companies · same sector, comparable size
JMG RACING
BE 0896.033.144
Thimister-Clermont · Eq €181k
DL MOTORS
BE 0789.264.254
Oostkamp · Eq €181k
D'HONDT C.
BE 0474.377.411
Oud-Heverlee · Eq €181k
GARAGE SDS
BE 0475.714.922
Ternat · Eq €178k
JMS
BE 0431.561.611
Kasterlee · Eq €185k
Of 1,126 companies in sector 47830 we hold annual accounts for 468. 386 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-03-1994
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
45402
47830Retail sale of motorcycles and motorcycle parts and accessories
50103
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.