TRUST CONSULT
ActiveSummary
TRUST CONSULT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €418k and a net result of €388k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+50
Solvency44▲+18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.6 against 7.58 in 2024; short-term debt: 38.1% and cash: 0.3% of total assets), but 81.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
18.9%
Return on assets
17.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 8663 sector peers (2025).
NBB · sector comparisonPosition among 8663 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
1 d early
2022
7 d early
2021
23 d late
2020
30 d late
2019
31 d early
← before the deadline
after the deadline →
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
24-09-2026 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
€388k▲ 462%
2024 · €69k
2019: €-8k
2020: €-18k
2021: €-52k
2022: €58k
2023: €-37k
2024: €69k
2019 → 2025
Working capital
€1.35M▼ 59.5%
2024 · €3.33M
2019: €2k
2020: €835k
2021: €937k
2022: €1.58M
2023: €2.66M
2024: €3.33M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-60k-€-2k▲ 97.3%€-39k▼ 2,301%€30k€418k▲ 1,291%
Operating result€-36k-€113k€57k▼ 49.2%€266k▲ 362%€662k▲ 149%
Net result€-52k-€58k€-37k€69k€388k▲ 462%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 149% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.21M
Fixed assets
€20k ▼ 17.8%
Current assets
€2.19M ▼ 42.9%
Equity and liabilities €2.21M
Equity
€418k ▲ 1,291%
Debt
€1.79M ▼ 53.2%
Debt's share of the balance-sheet total falls from 99.2% to 81.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€666k▲
2024 · €272k
Cash flow
€392k▲
2024 · €75k
Current ratio
2.60▼
2024 · 7.58
Quick ratio
0.01▼
2024 · 0.17
Debt to equity
4.29
ROE
92.8%▼
2024 · 229.8%
ROA
17.5%▲
2024 · 1.8%
Interest coverage
5.03▲
2024 · 1.43
Debt ≤ 1 year
€843k▲
2024 · €506k
Debt > 1 year
€948k▼
2024 · €3.32M
Income taxes
€141k▲
2024 · €14k
Staff costs
€17k▼
2024 · €54k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.86M€2.21M▼
Fixed assets21/28€24k€20k▼
Tangible fixed assets22/27€24k€20k▼
Furniture and vehicles24€5k€4k▼
Other tangible fixed assets26€19k€16k▼
Financial fixed assets28€60-
Current assets29/58€3.84M€2.19M▼
Stocks and contracts in progress3€3.75M€2.18M▼
Stocks30/36€3.75M€2.18M▼
Amounts receivable within one year40/41€28k€3k▼
Trade receivables40€2k€38▼
Other amounts receivable41€26k€3k▼
Cash at bank and in hand54/58€54k€7k▼
Deferred charges and accrued income490/1€5k€1k▼
Equity and liabilities
Total equity and liabilities10/49€3.86M€2.21M▼
Equity10/15€30k€418k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€11k€400k▲
Amounts payable17/49€3.83M€1.79M▼
Amounts payable after more than one year17€3.32M€948k▼
Financial debts170/4€3.32M€948k▼
Other amounts payable178/9€274-
Amounts payable within one year42/48€506k€843k▲
Trade debts44€55k€27k▼
Suppliers440/4€55k€27k▼
Taxes, remuneration and social security45€23k€141k▲
Taxes450/3€8k€141k▲
Remuneration and social security454/9€14k-
Other amounts payable47/48€429k€675k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Remuneration, social security and pensions62€54k€17k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€4k▼
Other operating charges640/8€24k€17k▼
Gross operating margin9900€350k€700k▲
Operating profit (loss)9901€266k€662k▲
Financial income75/76B€8k€8▼
Recurring financial income75€8k€8▼
Financial charges65/66B€190k€133k▼
Recurring financial charges65€190k€133k▼
Profit (loss) for the period before taxes9903€83k€529k▲
Income taxes67/77€14k€141k▲
Profit (loss) for the period9904€69k€388k▲
Profit (loss) for the period to be appropriated9905€69k€388k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€400k▲
Profit (loss) brought forward from the previous period14P€-58k€11k▲
Social balance
Average headcount (FTE)90871.00.1▼
The notes to these accounts (16 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2019net €388k ▲462%
Operating result €662k, net result €388k, both a record.
31-12
Financial
Equity above €200kEq €418k ▲1291%
2 profitable years in a row build equity to €418k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Back to profitnet €69k
Net result €69k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 7.58
Current ratio from 1.80 to 7.58; short-term debt falls from €3.32M to €506k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €58k
Net result €58k after 3 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
31-12
Financial
Weakest financial yearnet €-52k
Net result drops to €-52k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 2.96
Current ratio from 1.10 to 2.96.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Schaarbeek · 1 establishment unit since 2019
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.
Paul Deschanellaan 801030 SchaarbeekGround area
352 m²
Building footprint
152 m²
Volume, LiDAR
2,289 m³
Parcel 21906D0004/00V004, Brussels · tallest building 22.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
TRUST CONSULT
since 20192.286.580.703
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0004/00V004 | Brussels | 352 m² | 1 · 152 m² | 22.0 m · 6 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
GVN INVESTMENTS
BE 0807.084.837
Affligem · Eq €418,293
STS CONSULT
BE 0893.322.191
Wevelgem · Eq €418,313
Seal Capital
BE 0734.644.445
Antwerpen · Eq €418,338
Kantoor AERTS
BE 0862.811.535
Lille · Eq €418,206
BRECHT GEERTS
BE 0687.491.161
Lummen · Eq €418,428
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 36,043 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.