Turnover
≈ €50,000 estimated
The micro format states no turnover.
TRUST & EFFICIENCY
Overview
Lifetime
2 annual accounts with figures on one time axispeak €10,067 (2025)
€10,067▲ 98×
peak €6,824 (2025)
€6,824▲ 86×
peak €7,903 (2025)
€7,903▲ 632%
€17,332▲ 0.8%
Board1 name since 2024
1 directorSPEECKE Luc
Documentsfilings and deeds
17-08-202617 days late
2025micro format
Gross margin from €103 to €10,067Result from €79 to €6,824Equity from €1,079 to €7,903Cash from €17,876 to €24,872
Key points
from the 2025 annual accountsStarting capital
€1,000 100 shares
2025 accounts filed 17 days after the deadline
Checked score
66
Healthy
Financially stronger than 75% of micro companies in warehousing and transport support (NACE 52)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 2,306 companies (NACE 52, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 3.5%highest value
09-2025: 1.8%▼ -1.7 percentage points vs 08-2025
10-2025: 1.8%● unchanged vs 09-2025
11-2025: 1.8%● unchanged vs 10-2025
12-2025: 1.8%● unchanged vs 11-2025
01-2026: 1.8%● unchanged vs 12-2025
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 2.0%▲ +0.2 percentage points vs 02-2026
04-2026: 2.0%● unchanged vs 03-2026
05-2026: 2.0%● unchanged vs 04-2026
06-2026: 2.0%● unchanged vs 05-2026
07-2026: 2.2%▲ +0.2 percentage points vs 06-2026
08-2026: 2.8%▲ +0.6 percentage points vs 07-2026
09-2026: 1.3%▼ -1.5 percentage points vs 08-2026lowest value
10-2026: 1.3%● unchanged vs 09-2026lowest value
11-2026: 1.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Sector: Warehousing and support activities for transportation (NACE 52)
Size: total assets €25,235
lowers risk
Liquidity: current ratio 1.46, cash €24,872
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 52, micro). It does better than 41% of them on solvency, 69% on liquidity, 93% on profitability and 99% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as TRUST & EFFICIENCY has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TRUST & EFFICIENCY itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for TRUST & EFFICIENCY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.46 (1.06 in 2024), below the usual 1.5. Short-term debt is 68.7% and cash 98.6% of total assets. 68.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 17 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
17 days late
2024
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 23 days after the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1011964871
Incorporation
Founding capital of €1,000, 100 shares · Founder: SPEECKE Luc (comparant) · Appointment: SPEECKE Luc (director) · published on 30-07-2024 · Gazette deed
First establishment
Avenue Général Ruquoy 21, Braine-l'Alleud
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TRUST & EFFICIENCY Braine-l'Alleud | - | - | 31.3% | - |
| MMBIN SHIPPING Antwerp | - | - | 17.5% | - |
| OSR LOGISTICS Anderlecht | €64,288 | 16.0% | 65.8% | - |
| LJS GROUP Sint-Pieters-Leeuw | - | - | 15.1% | - |
| SE-Containers Lubbeek | - | - | 23.2% | - |
| MCA TRANS Grimbergen | - | - | 19.3% | - |
| ELF TRANS Forest | €124,026 | 9.7% | 40.2% | - |
These companies have the same main activity as TRUST & EFFICIENCY: logistics services (NACE 52250). They are comparable in size and age: total assets between €18,100 and €33,500, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 26-07-2024Normal situation
- Activity
- Logistics servicesNACE 52250and 2 others
- Establishment unit
- 2.362.816.8621420 Braine-l'Alleud, since 26-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2025
Annual accounts 2025
- €10,067▲ 98×
- €6,824▲ 86×
- €7,903▲ 632%
- €25,235▲ 38.1%
- Filing
- Filed on 17-08-2026
Insights on TRUST & EFFICIENCY
TRUST & EFFICIENCY has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7,903 and a net result of €6,824.
Its solvency ranks better than 41% of 1,191 sector peers (NACE 52, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 17-08-2026, 17 days late€10,067
▲ 98×
€9,801
▲ 95×
€6,824
▲ 86×
€7,903
▲ 632%
31.3%
▲ 25.4 percentage points
1.46
▲ 0.39
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €50,000. Estimated: probably between €24,000 and €93,000.
Balance sheet
balance sheet total €25,235 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
31.3%
Higher than 41% of 1,191 companies in 2025.
1.46
Higher than 49% of 1,139 companies in 2025.
27.0%
Higher than 82% of 1,159 companies in 2025.
TRUST & EFFICIENCY
Middle half of the sector
80% of the sector
Micro accounts in warehousing and transport support (NACE 52)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
25,235 | 18,272 | |
29/58 |
25,235 | 18,272 | |
40/41 |
363 | 396 | |
40 |
363 | 396 | |
54/58 |
24,872 | 17,876 | |
| Balance sheet: equity and liabilities | |||
10/49 |
25,235 | 18,272 | |
10/15 |
7,903 | 1,079 | |
10/11 |
1,000 | 1,000 | |
14 |
6,903 | 79 | |
17/49 |
17,332 | 17,193 | |
42/48 |
17,332 | 17,193 | |
44 |
1,815 | 1,815 | |
440/4 |
1,815 | 1,815 | |
45 |
2,900 | - | |
450/3 |
2,900 | - | |
47/48 |
12,617 | 15,378 | |
| Income statement | |||
9900 |
10,067 | 103 | |
640/8 |
266 | - | |
9901 |
9,801 | 103 | |
65/66B |
77 | 24 | |
65 |
77 | 24 | |
9903 |
9,724 | 79 | |
67/77 |
2,900 | - | |
9904 |
6,824 | 79 | |
9905 |
6,824 | 79 | |
| Appropriation of the result | |||
9906 |
6,903 | 79 | |
14P |
79 | - | |
| Document | |||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 17-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 17 days after the deadline. Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00421712.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 6,996 | - | ||
| 7,903 | 1,079 | ||
| 31.3% | 5.9% | ||
| 1.46 | 1.06 | ||
| 2.19 | 15.93 | ||
| 86.3% | 7.3% | ||
| 27.0% | 0.4% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on TRUST & EFFICIENCY
The operating result for 2025 is 95 times that of 2024.
Debt's share of the balance-sheet total falls from 94.1% to 68.7%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 30-07-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 17-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 30-07-2024
Mandates through the years
1 name, the dashed line is todaySPEECKE Luc
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- SPEECKE Luc
- Director (not named in the articles), appointed by deed of 30-07-2024, still in office
Control
Capital
- Contribution
- €1,000
- Shares
- 100
- Contribution per share
- €10
- Equity per share
- €79.03 in 2025
- Source
- deed of 30-07-2024
Articles of association
deed of 30-07-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Wednesday of June at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 30-07-2024 ↗
- SPEECKE Luc 100 shares (100%) · €1,000 in cash
Network & group
No group
TRUST & EFFICIENCY has no parent and no holdings in its annual accounts. SPEECKE Luc is the only director. TRUST & EFFICIENCY shares no director with another company.
At the same address
Avenue Général Ruquoy 21, 1420 Braine-l'Alleud · 1 other company| Gheorghieş, Victor (sole trader)
establishment since 01-01-2020 |
founded in 2020 0742.828.176 |
Timeline
Timeline
5 events since 2024Filings
Establishments
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 17 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1011964871
Annual accounts 2024 filed NBBmicro format · 29 days late
2024
IncorporationFounding capital of €1,000, 100 shares · Founder: SPEECKE Luc (comparant) · Appointment: SPEECKE Luc (director) · published on 30-07-20244 points ▸
- Founder, SPEECKE Luc (comparant)
- Founding capital, €1,000, 100 shares
- Registered office clause, Avenue Général Ruqouy 21, boîte 1, 1420 Braine-l’Alleud
- Director appointment, SPEECKE Luc (director (not named in the articles))
- The deed holds 7 more points.
First establishment Avenue Général Ruquoy 21, Braine-l'Alleud
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 26 July 2024, TRUST & EFFICIENCY was incorporated as a private limited company by one natural person, with a starting capital of €1,000.12 SPEECKE Luc is director of the company, appointed by deed of 30-07-2024.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 1011.964.871
- VAT number
- BE 1011.964.871
- Peppol ID
- 0208:1011964871
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 26-07-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Wednesday of June at 18:00deed of 30-07-2024 (in French)
- Peppol
- Reachable since 12-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- TRUST & EFFICIENCY in French
- Name in the Peppol Directory
- TRUST & EFFICIENCY
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 30-07-2024 (in French)
Activities
NACEBEL 202552250
Logistics services main activity
86920
Human health activities
Codes under NACEBEL 2008
52290
Warehousing and support activities for transportation main activity
49410
Road freight transport
86903
Human health activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Activité de transport en ambulance; Activité de transport de colis et courriers; Activité de transport d'organes pour comptes d'hôpitaux et…”deed of 30-07-2024 (in French)
17 activities
- Activité de transport en ambulance
- Activité de transport de colis et courriers
- Activité de transport d'organes pour comptes d'hôpitaux et autres organismes agrées
- Transport routier de fret sauf service de déménagement
- Location de véhicules avec ou sans conducteur
- Essais techniques et évaluation des nouvelles technologies liées aux véhicules à moteur
- La promotion d'entreprises,d'événements et de concepts utilisant des véhicules à moteur et des voitures de course
- Participation à des compétitions de véhicules à moteur ainsi qu'à des manifestations sur circuit ou parcours fermé
- Organisation d'événements et de journées de découverte pour les entreprises sur un circuit
- Activités d'administration et de soutien aux entreprises et autres activités commerciales
- La formation et l'entraînement sur des véhicules à moteur ainsi qu'avec un simulateur
- Entraînement mental et physique de pilotes de course
- Commerce de véhicules automobiles,neufs et d'occasion
- Commerce de pièces détachées et d'accessoires pour véhicules automobiles
- Remorquage de véhicules et services de dépannage
- Activités dans le domaine de la sécurité des personnes,de transports,de lieux et d'événements
- Activités de formation à la sécurité en général
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Avenue Général Ruquoy 21 registered office 1420 Braine-l'Alleud | 26-07-2024 | 2.362.816.862 |
Buildings and parcels at the address
- Ground area
- 692 m²
- Buildings
- 462 m²
- Volume, LiDAR
- 5,739 m³
- Tallest building
- 15.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25742A0510/00B000 | 692 m² | 1 · 462 m² | 15.1 m · 4 |