TRUST ENGINEERING
Open bankruptcyA bankruptcy procedure is open for TRUST ENGINEERING according to publications in the Belgian State Gazette; curator: ANNELIES HELLEMANS. The 2024 annual accounts show negative equity (€-578k) and a net result of €-229k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-578k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
49 d early
2022
32 d late
2021
26 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€-578k▼ 65.8%
2023 · €-348k
2018: €38k
2019: €37k
2020: €-31k
2021: €-131k
2022: €-306k
2023: €-348k
2018 → 2024
Total assets
€625k▲ 12.9%
2023 · €554k
2018: €1.25M
2019: €6.00M
2020: €1.09M
2021: €1.26M
2022: €1.17M
2023: €554k
2018 → 2024
Net result
€-229k▼ 439%
2023 · €-43k
2018: €3k
2019: €-769
2020: €-68k
2021: €-100k
2022: €-175k
2023: €-43k
2018 → 2024
Working capital
€-370k▼ 4.2%
2023 · €-355k
2018: €-205k
2019: €-234k
2020: €-299k
2021: €-415k
2022: €-588k
2023: €-355k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-31k-€-131k▼ 328%€-306k▼ 133%€-348k▼ 14.0%€-578k▼ 65.8%
Operating result€6k-€-59k€-123k▼ 108%€26k€-190k
Net result€-68k-€-100k▼ 48.3%€-175k▼ 74.0%€-43k▲ 75.7%€-229k▼ 439%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €190k after €26k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €625k
Fixed assets
€18k▲ 9.8%
Current assets
€607k▲ 13.0%
Key figures and ratios
EBITDA
€-184k▼
2023 · €33k
Cash flow
€-224k▼
2023 · €-36k
Solvency
-92.4%▼
2023 · -62.9%
Current ratio
0.62▲
2023 · 0.60
Quick ratio
0.62▲
2023 · 0.60
Debt / equity
-2.08▲
2023 · -2.59
ROA
-36.7%▼
2023 · -7.7%
Interest coverage
-5.02▼
2023 · 0.48
Debt
€1.20M▲
2023 · €902k
Debt ≤ 1 year
€977k▲
2023 · €892k
Debt > 1 year
€226k▲
2023 · €10k
Income taxes
€3k▲
2023 · €66
Staff costs
€703k▼
2023 · €976k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€554k€625k▲
Fixed assets21/28€17k€18k▲
Intangible fixed assets21€3k€931▼
Tangible fixed assets22/27€12k€13k▲
Land and buildings22€0-
Plant, machinery and equipment23€0€2k▲
Furniture and vehicles24€12k€11k▼
Financial fixed assets28€1k€4k▲
Current assets29/58€537k€607k▲
Amounts receivable within one year40/41€490k€562k▲
Trade receivables40€434k€555k▲
Other amounts receivable41€57k€7k▼
Current investments50/53€0-
Cash at bank and in hand54/58€24k€20k▼
Deferred charges and accrued income490/1€23k€26k▲
Equity and liabilities
Total equity and liabilities10/49€554k€625k▲
Equity10/15€-348k€-578k▼
Contributions10/11€20k€20k=
Reserves13€13k€13k=
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Tax-exempt reserves132€6k€6k=
Distributable reserves133€5k€7k▲
Profit (loss) carried forward14€-382k€-611k▼
Amounts payable17/49€902k€1.20M▲
Amounts payable after more than one year17€10k€226k▲
Financial debts170/4€0€216k▲
Other amounts payable178/9€10k€10k=
Amounts payable within one year42/48€892k€977k▲
Current portion of amounts payable after more than one year42€0€34k▲
Financial debts43€303k€329k▲
Credit institutions430/8€303k€329k▲
Other loans439€0-
Trade debts44€290k€321k▲
Suppliers440/4€290k€321k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€258k€245k▼
Taxes450/3€105k€85k▼
Remuneration and social security454/9€153k€160k▲
Other amounts payable47/48€41k€48k▲
Income statement
Code20232024
Remuneration, social security and pensions62€976k€703k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€6k▼
Other operating charges640/8€7k€33k▲
Gross operating margin9900€1.02M€552k▼
Operating profit (loss)9901€26k€-190k▼
Financial income75/76B€302€0▼
Recurring financial income75€302€0▼
Financial charges65/66B€69k€37k▼
Recurring financial charges65€69k€37k▼
Profit (loss) for the period before taxes9903€-42k€-226k▼
Income taxes67/77€66€3k▲
Profit (loss) for the period9904€-43k€-229k▼
Profit (loss) for the period to be appropriated9905€-43k€-229k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-382k€-611k▼
Profit (loss) brought forward from the previous period14P€-339k€-382k▼
Social balance
Average headcount (FTE)908714.19.9▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
30-01
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · TRUST ENGINEERING BV ATEALAAN 1, 2270 HERENTHOUT · event 26-01-2026
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-229k
Net result drops to €-229k, the lowest in the series.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Herenthout · 1 establishment unit since 2013
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.
Atealaan 12270 HerenthoutGround area
5,185 m²
Building footprint
1,279 m²
Volume, LiDAR
4,862 m³
Parcel 13012A0524/00G000, Flanders · tallest building 5.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TRUST ENGINEERING
since 20132.215.597.982
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13012A0524/00G000 | Flanders | 5,185 m² | 1 · 1,278 m² | 5.2 m · 1 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANNELIES HELLEMANS NEETWEG 24, 2220 HEIST-OP-
DEN-BERG |
26-01-2026 → present |
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Of 11,554 companies in sector 71121 we hold annual accounts for 6,563. 4,642 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2012
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:Walter@trustengineering.be
Phone:033545201