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TRUSTTEAM

Active
Public limited companyfounded 200224 yrs activeEvolis(Kor) 78, 8500 Kortrijk, BelgiumKBO/BCE: BE 0477.005.418
Summary

TRUSTTEAM has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.6m and a net result of €7.1m. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 20% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability84▼-3
Solvency43▼-3
Growth57▲+1
Track record100
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €800,000 at 30 days acceptable
Liquidity tight (current ratio 1.4 against 0.77 in 2024; short-term debt: 37.3% and cash: 6.7% of total assets), and 82% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
18%
Return on assets
10.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 24 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 4926 sector peers (2025).
NBB · sector comparison
Position among 4926 sector peers
Solvency
better than 20%
← weakest strongest →
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 d early
2024
13 d early
2023
27 d early
2022
32 d early
2021
31 d early
2020
26 d early
2019
28 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 25 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 28 February 2002, TRUSTTEAM was incorporated.1 11 companies were merged into the company between 2011 and 2023, including GJ - FIRMWARE CONSULTANCY AND SOFTWARE HOUSE and LaCe HOLDING.234 In 2013 the registered office moved to Kortrijk.5 A capital increase in 2019 brought the capital to EUR 1.2 million.6 Of the 2 current board members, Trustteam Group has served longest, since 2023.7 Revenue went from EUR 32 million in 2023 to EUR 38 million in 2025 and headcount from 87.9 to 93.6 full-time equivalents.8

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 29-08-2011
  3. 3Belgian State Gazette, 04-08-2022
  4. 4Belgian State Gazette, 01-08-2023
  5. 5Belgian State Gazette, 19-07-2013
  6. 6Belgian State Gazette, 05-02-2019
  7. 7Belgian State Gazette, 24-10-2025
  8. 8National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€37.5m▲ 18.9%
2024 · €31.5m
EBIT margin
21.0%▲ 0.2pp
2024 · 20.8%
Net result
€7.1m▲ 45.3%
2024 · €4.9m
Working capital
€10.5m
2024 · -€5.3m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Turnover€23.9m▲ 6.8%€29.9m▲ 25.1%€31.9m▲ 6.5%€31.5m▼ 1.1%€37.5m▲ 18.9%
Operating result€6.7m▲ 4.1%€6.9m▲ 2.5%€8.5m▲ 23.1%€6.6m▼ 22.9%€7.9m▲ 20.2%
Net result€5.6mabove the sector's middle half▼ 6.2%€5.1mabove the sector's middle half▼ 8.4%€6.5mabove the sector's middle half▲ 26.4%€4.9mabove the sector's middle half▼ 24.4%€7.1mabove the sector's middle half▲ 45.3%
EBIT margin28.2%▼ 0.7pp23.1%▼ 5.1pp26.7%▲ 3.6pp20.8%▼ 5.9pp21.0%▲ 0.2pp
Equity€8.5mabove the sector's middle half▲ 7.7%€8.6mabove the sector's middle half▲ 1.6%€10.1mabove the sector's middle half▲ 17.4%€10.5mabove the sector's middle half▲ 4.1%€12.6mabove the sector's middle half▲ 20.3%
Total assets€40.6mabove the sector's middle half▲ 18.1%€35.7mabove the sector's middle half▼ 12.2%€44.7mabove the sector's middle half▲ 25.2%€49.5mabove the sector's middle half▲ 10.7%€69.9mabove the sector's middle half▲ 41.4%
Debt€32.1m▲ 20.9%€27.0m▼ 15.7%€34.6m▲ 27.9%€38.9m▲ 12.7%€57.3m▲ 47.1%
Working capital€11.5m▲ 27.4%€5.0m▼ 56.2%-€846,678-€5.3m▼ 523%€10.5m
Solvency20.8%within the sector's middle half▼ 2.0pp24.1%within the sector's middle half▲ 3.3pp22.6%within the sector's middle half▼ 1.5pp21.2%within the sector's middle half▼ 1.4pp18.0%below the sector's middle half▼ 3.2pp
Staff (FTE)70.7above the sector's middle half▲ 5.5%85.4above the sector's middle half▲ 20.8%87.9above the sector's middle half▲ 2.9%96.5above the sector's middle half▲ 9.8%93.6above the sector's middle half▼ 3.0%
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€2.5m€5.0m€7.5mOperating result 2021: €6.7m€6.7mNet result 2021: €5.6m€5.6mOperating result 2022: €6.9m€6.9mNet result 2022: €5.1m€5.1mOperating result 2023: €8.5m€8.5mNet result 2023: €6.5m€6.5mOperating result 2024: €6.6m€6.6mNet result 2024: €4.9m€4.9mOperating result 2025: €7.9m€7.9mNet result 2025: €7.1m€7.1m20212022202320242025€0€2.5m€5m€7.5mOperating result 2023: €8.5m€8.5mNet result 2023: €6.5m€6.5mOperating result 2024: €6.6m€6.6mNet result 2024: €4.9m€4.9mOperating result 2025: €7.9m€7.9mNet result 2025: €7.1m€7.1m202320242025
The operating result recovers in 2025; 2025 is 20% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69.9m
Fixed assets €33.4m ▲ 5.4%
Current assets €36.6m ▲ 106%
Equity and liabilities €69.9m
Equity €12.6m ▲ 20.3%
Provisions €19,731 =
Debt €57.3m ▲ 47.1%
Debt's share of the balance-sheet total rises from 78.7% to 81.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€11.4m▲
2024 · €9.4m
Cash flow
€10.7m▲
2024 · €7.8m
Current ratio
1.40▲
2024 · 0.77
Quick ratio
1.39▲
2024 · 0.75
Debt to equity
4.54▲
2024 · 3.71
ROE
56.5%▲
2024 · 46.8%
ROA
10.2%▲
2024 · 9.9%
Interest coverage
5.33▼
2024 · 6.92
Debt ≤ 1 year
€26.1m▲
2024 · €23.1m
Debt > 1 year
€29.9m▲
2024 · €13.7m
Income taxes
€1.0m▲
2024 · €633,938
Staff costs
€7.3m▼
2024 · €7.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 379 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
0.3% went bankrupt
2.6% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 379 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 98 lines
Balance sheet Code20242025
Assets
Total assets20/58€49.5m€69.9m▲
Fixed assets21/28€31.7m€33.4m▲
Intangible fixed assets21€4.5m€4.9m▲
Tangible fixed assets22/27€3.6m€4.9m▲
Land and buildings22€6,487€2,352▼
Plant, machinery and equipment23€162,692€180,966▲
Furniture and vehicles24€625,783€1.2m▲
Leasing and similar rights25€2.5m€3.2m▲
Other tangible fixed assets26€254,394€227,182▼
Assets under construction and advance payments27-€32,097
Financial fixed assets28€23.6m€23.5m=
Affiliated companies280/1€23.5m€23.5m=
Participating interests280€23.5m€23.5m=
Other financial fixed assets284/8€10,534€6,334▼
Amounts receivable and cash guarantees285/8€10,534€6,334▼
Current assets29/58€17.8m€36.6m▲
Amounts receivable after more than one year29€3.3m€16.8m▲
Other amounts receivable291€3.3m€16.8m▲
Stocks and contracts in progress3€539,581€236,458▼
Stocks30/36€528,854€231,655▼
Goods purchased for resale34€528,854€231,655▼
Contracts in progress37€10,727€4,803▼
Amounts receivable within one year40/41€12.4m€12.5m▲
Trade receivables40€7.4m€8.7m▲
Other amounts receivable41€5.1m€3.8m▼
Cash at bank and in hand54/58€1.0m€4.7m▲
Deferred charges and accrued income490/1€545,505€2.4m▲
Equity and liabilities
Total equity and liabilities10/49€49.5m€69.9m▲
Equity10/15€10.5m€12.6m▲
Contributions10/11€1.2m€1.2m=
Capital10€1.2m€1.2m=
Issued capital100€1.2m€1.2m=
Revaluation surpluses12€900,827€900,827=
Reserves13€8.4m€10.5m▲
Non-distributable reserves130/1€122,294€122,294=
Legal reserve130€122,294€122,294=
Tax-exempt reserves132€192,141€192,141=
Distributable reserves133€8.1m€10.2m▲
Provisions and deferred taxes16€19,731€19,731=
Deferred taxes168€19,731€19,731=
Amounts payable17/49€38.9m€57.3m▲
Amounts payable after more than one year17€13.7m€29.9m▲
Financial debts170/4€13.7m€29.9m▲
Leasing and similar obligations172€1.3m€2.1m▲
Credit institutions173€131,840€85,776▼
Other loans174€12.3m€27.8m▲
Amounts payable within one year42/48€23.1m€26.1m▲
Current portion of amounts payable after more than one year42€961,164€1.4m▲
Financial debts43€537,363€369,996▼
Credit institutions430/8€537,363€369,996▼
Trade debts44€5.9m€8.3m▲
Suppliers440/4€5.9m€8.3m▲
Taxes, remuneration and social security45€1.0m€931,656▼
Taxes450/3€290,337€219,331▼
Remuneration and social security454/9€716,779€712,325▼
Other amounts payable47/48€14.6m€15.0m▲
Accrued charges and deferred income492/3€2.2m€1.3m▼
Income statement Code20242025
Operating income70/76A€34.2m€40.4m▲
Turnover70€31.5m€37.5m▲
Change in stocks of work in progress, finished goods and contracts in progress71€5,452-€5,924▼
Own construction capitalised72€2.0m€2.2m▲
Other operating income74€760,098€509,839▼
Non-recurring operating income76A€2,042€245,234▲
Operating charges60/66A€27.7m€32.5m▲
Goods for resale, raw materials and consumables60€10.2m€14.0m▲
Purchases600/8€10.2m€13.8m▲
Change in stocks: decrease (increase)609-€46,414€261,621▲
Services and other goods61€6.6m€7.0m▲
Remuneration, social security and pensions62€7.4m€7.3m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.8m€3.5m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€11,442€126,175▲
Other operating charges640/8€226,245€256,791▲
Non-recurring operating charges66A€403,343€280,950▼
Operating profit (loss)9901€6.6m€7.9m▲
Financial income75/76B€353,114€2.5m▲
Recurring financial income75€353,114€2.5m▲
Income from financial fixed assets750€0€2.0m▲
Income from current assets751€330,466€472,081▲
Other financial income752/9€22,647€31,282▲
Financial charges65/66B€1.4m€2.2m▲
Recurring financial charges65€1.4m€2.2m▲
Debt charges650€1.4m€2.1m▲
Other financial charges652/9€28,525€31,178▲
Profit (loss) for the period before taxes9903€5.5m€8.2m▲
Transfer from deferred taxes780€20,099€0▼
Income taxes67/77€633,938€1.0m▲
Taxes670/3€633,938€1.0m▲
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904€4.9m€7.1m▲
Transfer from tax-exempt reserves789€60,296€0▼
Profit (loss) for the period to be appropriated9905€5.0m€7.1m▲
Appropriation of the result
Profit (loss) to be appropriated9906€5.0m€7.1m▲
Transfer to equity691/2€469,883€2.1m▲
To other reserves6921€469,883€2.1m▲
Profit to be distributed694/7€4.5m€5.0m▲
Return on contributions (dividend)694€1.5m€2.0m▲
Directors or managers695€3.0m€3.0m=
Social balance
Average headcount (FTE)908796.593.6▼

The notes to these accounts (124 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€25.1m€31.2m€33.6m€34.2m€40.4m▲ 18.0%
Turnover70€23.9m€29.9m€31.9m€31.5m€37.5m▲ 18.9%
Change in stocks of work in progress, finished goods and contracts in progress71-€16,844-€1,173€4,276€5,452-€5,924▼ 209%
Own construction capitalised72€511,587€689,964€1.0m€2.0m€2.2m▲ 11.6%
Other operating income74€251,355€390,615€593,316€760,098€509,839▼ 32.9%
Non-recurring operating income76A€496,876€238,653€169,891€2,042€245,234▲ 11,907%
Operating charges60/66A€18.4m€24.3m€25.1m€27.7m€32.5m▲ 17.5%
Goods for resale, raw materials and consumables60€7.2m€8.9m€8.2m€10.2m€14.0m▲ 37.6%
Purchases600/8€7.3m€8.9m€8.3m€10.2m€13.8m▲ 34.4%
Change in stocks: decrease (increase)609-€141,213-€5,591-€105,314-€46,414€261,621▲ 664%
Services and other goods61€4.6m€5.9m€7.1m€6.6m€7.0m▲ 6.1%
Remuneration, social security and pensions62€4.4m€6.1m€6.6m€7.4m€7.3m▼ 1.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.7m€1.9m€2.3m€2.8m€3.5m▲ 24.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€91,660€77,028-€74,405€11,442€126,175▲ 1,003%
Other operating charges640/8€148,228€168,929€195,244€226,245€256,791▲ 13.5%
Non-recurring operating charges66A€448,457€1.2m€851,064€403,343€280,950▼ 30.3%
Operating profit (loss)9901€6.7m€6.9m€8.5m€6.6m€7.9m▲ 20.2%
Financial income75/76B€197,711€439,823€526,106€353,114€2.5m▲ 595%
Recurring financial income75€194,458€439,823€526,106€353,114€2.5m▲ 595%
Income from financial fixed assets750--€48,559€0€2.0m-
Income from current assets751€166,157€364,748€421,615€330,466€472,081▲ 42.9%
Other financial income752/9€28,301€75,074€55,932€22,647€31,282▲ 38.1%
Non-recurring financial income76B€3,254-----
Financial charges65/66B€456,961€1.7m€1.5m€1.4m€2.2m▲ 56.6%
Recurring financial charges65€456,961€1.7m€1.5m€1.4m€2.2m▲ 56.6%
Debt charges650€435,839€1.6m€1.4m€1.4m€2.1m▲ 57.6%
Other financial charges652/9€21,122€68,068€25,644€28,525€31,178▲ 9.3%
Profit (loss) for the period before taxes9903€6.5m€5.7m€7.6m€5.5m€8.2m▲ 47.8%
Transfer from deferred taxes780€17,785€37,873€37,873€20,099€0▼ 100%
Transfer to deferred taxes680€113,630-----
Income taxes67/77€791,287€559,020€1.1m€633,938€1.0m▲ 62.5%
Taxes670/3€791,287€666,244€1.2m€633,938€1.0m▲ 62.5%
Tax adjustments and reversals of tax provisions77-€107,224€32,952€0--
Profit (loss) for the period9904€5.6m€5.1m€6.5m€4.9m€7.1m▲ 45.3%
Transfer from tax-exempt reserves789€53,356€113,618€113,618€60,296€0▼ 100%
Transfer to tax-exempt reserves689€364,911€40,042€0---
Profit (loss) for the period to be appropriated9905€5.3m€5.2m€6.6m€5.0m€7.1m▲ 43.5%
Line20212022202320242025Change
Assets
Total assets20/58€40.6m€35.7m€44.7m€49.5m€69.9m▲ 41.4%
Fixed assets21/28€16.0m€15.8m€23.5m€31.7m€33.4m▲ 5.4%
Intangible fixed assets21€2.2m€3.5m€3.7m€4.5m€4.9m▲ 9.4%
Tangible fixed assets22/27€2.9m€2.6m€4.4m€3.6m€4.9m▲ 35.9%
Land and buildings22€28,612€21,390€12,724€6,487€2,352▼ 63.8%
Plant, machinery and equipment23€152,898€156,801€152,078€162,692€180,966▲ 11.2%
Furniture and vehicles24€995,501€673,666€681,726€625,783€1.2m▲ 96.9%
Leasing and similar rights25€1.6m€1.6m€3.3m€2.5m€3.2m▲ 26.1%
Other tangible fixed assets26€109,577€111,795€259,694€254,394€227,182▼ 10.7%
Assets under construction and advance payments27----€32,097-
Financial fixed assets28€10.9m€9.7m€15.4m€23.6m€23.5m=
Affiliated companies280/1€10.9m€9.7m€15.4m€23.5m€23.5m=
Participating interests280€10.9m€9.7m€15.4m€23.5m€23.5m=
Other financial fixed assets284/8€6,125€10,374€11,174€10,534€6,334▼ 39.9%
Amounts receivable and cash guarantees285/8€6,125€10,374€11,174€10,534€6,334▼ 39.9%
Current assets29/58€24.6m€19.9m€21.2m€17.8m€36.6m▲ 106%
Amounts receivable after more than one year29€4.3m€2.8m€4.8m€3.3m€16.8m▲ 412%
Other amounts receivable291€4.3m€2.8m€4.8m€3.3m€16.8m▲ 412%
Stocks and contracts in progress3€397,361€389,947€490,176€539,581€236,458▼ 56.2%
Stocks30/36€395,189€388,948€484,901€528,854€231,655▼ 56.2%
Goods purchased for resale34€395,189€388,948€484,901€528,854€231,655▼ 56.2%
Contracts in progress37€2,172€999€5,275€10,727€4,803▼ 55.2%
Amounts receivable within one year40/41€18.1m€14.1m€12.8m€12.4m€12.5m▲ 0.8%
Trade receivables40€6.0m€5.8m€6.2m€7.4m€8.7m▲ 18.9%
Other amounts receivable41€12.0m€8.3m€6.6m€5.1m€3.8m▼ 25.4%
Cash at bank and in hand54/58€1.6m€2.4m€2.8m€1.0m€4.7m▲ 361%
Deferred charges and accrued income490/1€247,565€242,250€353,531€545,505€2.4m▲ 339%
Equity and liabilities
Total equity and liabilities10/49€40.6m€35.7m€44.7m€49.5m€69.9m▲ 41.4%
Equity10/15€8.5m€8.6m€10.1m€10.5m€12.6m▲ 20.3%
Contributions10/11€1.2m€1.2m€1.2m€1.2m€1.2m=
Capital10€1.2m€1.2m€1.2m€1.2m€1.2m=
Issued capital100€1.2m€1.2m€1.2m€1.2m€1.2m=
Revaluation surpluses12€900,827€900,827€900,827€900,827€900,827=
Reserves13€6.3m€6.5m€8.0m€8.4m€10.5m▲ 25.5%
Non-distributable reserves130/1€122,294€122,294€122,294€122,294€122,294=
Legal reserve130€122,294€122,294€122,294€122,294€122,294=
Tax-exempt reserves132€439,631€366,055€252,437€192,141€192,141=
Distributable reserves133€5.8m€6.0m€7.6m€8.1m€10.2m▲ 26.5%
Provisions and deferred taxes16€115,575€77,702€39,829€19,731€19,731=
Deferred taxes168€115,575€77,702€39,829€19,731€19,731=
Amounts payable17/49€32.1m€27.0m€34.6m€38.9m€57.3m▲ 47.1%
Amounts payable after more than one year17€17.5m€10.3m€10.8m€13.7m€29.9m▲ 118%
Financial debts170/4€17.5m€10.3m€10.8m€13.7m€29.9m▲ 118%
Leasing and similar obligations172€869,926€722,351€1.9m€1.3m€2.1m▲ 62.6%
Credit institutions173€16.6m€10,403€178,812€131,840€85,776▼ 34.9%
Other loans174-€9.6m€8.7m€12.3m€27.8m▲ 126%
Amounts payable within one year42/48€13.1m€14.9m€22.1m€23.1m€26.1m▲ 13.1%
Current portion of amounts payable after more than one year42€678,675€602,317€1.0m€961,164€1.4m▲ 48.0%
Financial debts43€133,556€467,567€219,485€537,363€369,996▼ 31.1%
Credit institutions430/8€133,556€467,567€219,485€537,363€369,996▼ 31.1%
Trade debts44€5.2m€4.9m€7.5m€5.9m€8.3m▲ 40.5%
Suppliers440/4€5.2m€4.9m€7.5m€5.9m€8.3m▲ 40.5%
Taxes, remuneration and social security45€772,479€904,094€1.4m€1.0m€931,656▼ 7.5%
Taxes450/3€294,483€204,212€752,183€290,337€219,331▼ 24.5%
Remuneration and social security454/9€477,996€699,882€675,350€716,779€712,325▼ 0.6%
Other amounts payable47/48€6.3m€8.0m€11.8m€14.6m€15.0m▲ 2.7%
Accrued charges and deferred income492/3€1.5m€1.8m€1.7m€2.2m€1.3m▼ 41.5%
Line20212022202320242025Change
Profit (loss) for the period9904€5.6m€5.1m€6.5m€4.9m€7.1m▲ 45.3%
+ Depreciation and write-downs630€1.7m€1.9m€2.3m€2.8m€3.5m▲ 24.4%
Operating cash flow (approximation)€7.3m€7.1m€8.8m€7.8m€10.7m▲ 37.6%
Investment in fixed assets (approximation)--€1.7m-€10.0m-€11.0m-€5.2m▲ 52.5%
Change in cash-€754,857€391,107-€1.7m€3.6m▲ 310%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
13-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
19-01
State Gazette act Permanent representatives: Erwin DEBAERE and Valerie DESEYN
3 facts ▸
  • Board meeting, 28/11/2025
  • Permanent representative, Erwin DEBAERE (permanent representative)
  • Permanent representative, Valerie DESEYN (permanent representative)
2025
24-10
State Gazette act Reappointments: GREEN HILL II bv (director) and T.T. HOLDINGS nv (director)
Permanent representatives: Stijn VANDEPUTTE and Valerie DESEYN5 facts ▸
  • General meeting, 06-06-2025
  • Director reappointment, GREEN HILL II bv (director)
  • Permanent representative, Stijn VANDEPUTTE (permanent representative)
  • Director reappointment, T.T. HOLDINGS nv (director)
  • Permanent representative, Valerie DESEYN (permanent representative)
18-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Weakest financial yearnet €4.9m ▼24.4%
Net result drops to €4.9m, the lowest in the series; recovery starts the following year.
26-09
State Gazette act Permanent representative: Stijn VANDEPUTTE
Permanent representative removal3 facts ▸
  • Board meeting, 27-08-2024
  • Permanent representative removal, Pieter SPIESSCHAERT
  • Permanent representative, Stijn VANDEPUTTE
18-07
State Gazette act Appointment: GRANT THORNTON Bedrijfsrevisoren (statutory auditor)
Permanent representatives: Stefaan De Coninck, Pieter Spiesschaert and Valerie Deseyn5 facts ▸
  • General meeting, 02/06/2023
  • Auditor appointment, GRANT THORNTON Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Stefaan De Coninck
  • Permanent representative, Pieter Spiesschaert
  • Permanent representative, Valerie Deseyn
04-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Equity above €10mEq €10.1m ▲17.4%
6 profitable years in a row build equity to €10.1m.
01-08
State Gazette act Capital & shares · Restructuring
Merger · Net-asset statement · Power of attorney3 facts ▸
  • Merger, met fusie door overneming gelijkgestelde verrichting
  • Net-asset statement, 31/03/2023
  • Power of attorney, DKF FIDUCIAIRE
29-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
16-05
State Gazette act Restructuring · Miscellaneous
Merger · Accounting effect2 facts ▸
  • Merger
  • Accounting effect, 01/04/2023
Show earlier events
23-01
State Gazette act Permanent representatives: Valerie Deseyn and Pieter SPIESSCHAERT
Resignations: Stijn Vandeputte (permanent representative) and GREEN FOREST (director) · Appointment: GREEN HILL II (director) · Mandate term10 facts ▸
  • Board meeting, 23/12/2022
  • Permanent representative, Valerie Deseyn (permanent representative)
  • Director resignation, Stijn Vandeputte (permanent representative)
  • General meeting, 23/12/2022
  • Director resignation, GREEN FOREST (director)
  • Director appointment, GREEN HILL II (director)
  • Permanent representative, Pieter SPIESSCHAERT (permanent representative)
  • Mandate term, 01/01/2023, na de jaarvergadering van 2025
  • Board meeting, 23/12/2022
  • Director resignation, GREEN FOREST (managing director)
2022
04-08
State Gazette act Restructuring
Merger · Net-asset statement · Power of attorney3 facts ▸
  • Merger
  • Net-asset statement, 30/04/2022
  • Power of attorney, DE KORTRIJKSE FIDUCIAIRE
04-08
State Gazette act Restructuring
Merger · Net-asset statement · Power of attorney3 facts ▸
  • Merger
  • Net-asset statement, 30/04/2022
  • Power of attorney, DE KORTRIJKSE FIDUCIAIRE
30-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
25-05
State Gazette act Restructuring
Merger · Net-asset statement · Power of attorney3 facts ▸
  • Merger
  • Net-asset statement, 31/12/2021
  • Power of attorney, DE KORTRIJKSE FIDUCIAIRE
20-05
State Gazette act Restructuring · Miscellaneous
Merger · Accounting effect · Merger-proposal date4 facts ▸
  • Merger
  • Accounting effect, 01/05/2022
  • Merger-proposal date, 06/05/2022
  • Balance date, 30/04/2022
20-05
State Gazette act Restructuring · Miscellaneous
Merger · Accounting effect3 facts ▸
  • Board meeting, 06/05/2022
  • Merger
  • Accounting effect, 01/05/2022
18-01
State Gazette act Restructuring · Miscellaneous
Merger · Accounting effect · Merger-proposal date6 facts ▸
  • Merger
  • Accounting effect, 01/01/2022
  • Merger-proposal date, 03/01/2022
  • Balance date, 31/12/2021
  • Statutes amendment
  • Fiscal neutrality, ja
2021
28-10
State Gazette act Restructuring
Merger · Net-asset statement · Power of attorney3 facts ▸
  • Merger
  • Net-asset statement, 31/07/2021
  • Power of attorney, DE KORTRIJKSE FIDUCIAIRE
26-10
State Gazette act Appointment: GRANT THORNTON BEDRIJFSREVISOREN cvba (statutory auditor)
Permanent representative: Stefaan De Coninck3 facts ▸
  • General meeting, 05/06/2020
  • Auditor appointment, GRANT THORNTON BEDRIJFSREVISOREN cvba (statutory auditor)
  • Permanent representative, Stefaan De Coninck
13-08
State Gazette act Restructuring
Merger · Accounting effect · Power of attorney3 facts ▸
  • Merger
  • Accounting effect, 01/08/2021
  • Power of attorney, DKF FIDUCIAIRE nv
05-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
22-04
State Gazette act Statutes amendment
Merger · Net-asset statement · Purpose change9 facts ▸
  • General meeting, 19/03/2021
  • Merger, absorption, met fusie door overneming gelijkgestelde verrichting
  • Net-asset statement, 31/12/2020
  • Purpose change, De vennootschap heeft tot voorwerp: de handel onder al zijn vormen (groot- en kleinhandel, aan- en verkoop, im- en export, vertegenwoordiging, makelarij, commis…
  • Statutes amendment
  • Capital, €1.222.944,81
  • Power of attorney, Johan Verstraeten
  • Power of attorney, Valérie Dendauw
  • Power of attorney, William Hamerlinck
29-01
State Gazette act Restructuring
Permanent representatives: SPIESSCHAERT Pieter and VANDEPUTTE Stijn · Merger · Accounting effect10 facts ▸
  • Merger
  • Accounting effect, 01/01/2021
  • Purpose change, vervanging van de tekst 'het plaatsen en installeren van netwerken' door de tekst 'het plaatsen en installeren van computersystemen en netwerken'; vervanging va…
  • Statutes amendment
  • Power of attorney, DE KORTRIJKSE FIDUCIAIRE
  • Permanent representative, SPIESSCHAERT Pieter
  • Permanent representative, VANDEPUTTE Stijn
  • Merger condition, 100% shareholding
  • Merger drafting date, 04/01/2021
  • Interim balance sheet date, 31/12/2020
2020
03-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
09-08
State Gazette act Restructuring
Merger · Power of attorney2 facts ▸
  • Merger, 31 maart 2019
  • Power of attorney, DESEYN Valerie Katrien Madeleine
05-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
14-05
State Gazette act Restructuring
Permanent representatives: Stijn VANDEPUTTE and Pieter SPIESSCHAERT · Merger · Accounting effect5 facts ▸
  • Merger, 24/04/2019
  • Accounting effect, 01/04/2019
  • Power of attorney, Valerie Deseyn
  • Permanent representative, Stijn VANDEPUTTE
  • Permanent representative, Pieter SPIESSCHAERT
25-04
State Gazette act Resignations: Calcor BVBA, Green Leaf NV and 2 others
Appointments: Pieter Spiesschaert, Stijn Vandeputte and 4 others · Permanent representatives: Patrick-Paul Cornette, Stijn Vandeputte and Pieter Spiesschaert31 facts ▸
  • General meeting, 31/10/2018
  • General meeting, 19/11/2018
  • General meeting, 27/11/2018
  • General meeting, 01/01/2019
  • Director resignation, Calcor BVBA (director)
  • Director resignation, Green Leaf NV (director)
  • Director appointment, Pieter Spiesschaert (director)
  • Director appointment, Stijn Vandeputte (director)
  • Director resignation, Pieter Spiesschaert (director)
  • Director resignation, Stijn Vandeputte (director)
  • Director appointment, Calcor BVBA (director)
  • Director appointment, Green Leaf NV (director)
  • +19 further facts in this act
05-02
State Gazette act Restructuring
Merger · Power of attorney2 facts ▸
  • Merger, gelijkgestelde verrichting
  • Power of attorney, Valerie Deseyn
05-02
State Gazette act Capital & shares · Restructuring
Merger · Capital increase · Share issue7 facts ▸
  • General meeting, 28 december 2018
  • Merger, 28 december 2018
  • Capital increase, €247.893,52
  • Share issue, zonder aanduiding van nominale waarde, 5.200.434
  • Power of attorney, Valerie Deseyn
  • Statutes amendment
  • Net-asset statement, 30 september 2018
2018
10-12
State Gazette act Capital & shares · Resignations & appointments
Purpose change · Capital · Power of attorney6 facts ▸
  • General meeting, 20/11/2018
  • Purpose change, De vennootschap kan zich zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg of garant stellen en hiervoor elke pers…
  • Capital, €975.051,29
  • Power of attorney, LAURIUS
  • Power of attorney, Gérard INDEKEU
  • Approval, goedkeuring en bekrachtiging van de pandovereenkomst die op 31 oktober 2018 is aangegaan met, onder andere, KBC Bank NV als pandhouder en zekerheidsagent
29-11
State Gazette act Restructuring
Permanent representatives: Stijn VANDEPUTTE and Patrick CORNETTE · Merger · Capital7 facts ▸
  • Merger
  • Capital, €975.051
  • Capital, €247.894
  • Accounting effect, 01/10/2018
  • Real estate, Het onroerend goed bestaande uit een kantoorgebouw, gelegen te 3550 Heusden-Zolder, Pastoor Paquaylaan 184.
  • Permanent representative, Stijn VANDEPUTTE
  • Permanent representative, Patrick CORNETTE
26-11
State Gazette act Restructuring
Permanent representatives: Stijn VANDEPUTTE and Patrick CORNETTE · Merger · Accounting effect11 facts ▸
  • Merger
  • Accounting effect, 01/10/2018
  • Permanent representative, Stijn VANDEPUTTE
  • Permanent representative, Patrick CORNETTE
  • Merger-proposal date, 29/10/2018
  • Shareholding, 100%
  • Fiscal neutrality, ja
  • Fiscal-year end, 30/09/2018
  • Fiscal-year end, 30/09/2018
  • Special benefits, nee
  • Statute modification, ja
14-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
01-03
State Gazette act Reappointments: GREEN LEAF nv (director) and CALCOR bvba (director)
Permanent representatives: Stijn Vandeputte and Patrick Cornette · Appointment: Grant Thornton Bedrijfsrevisoren BV o.v.v.e. CVBA (statutory auditor)9 facts ▸
  • General meeting, 30-06-2017
  • Director reappointment, GREEN LEAF nv (director)
  • Permanent representative, Stijn Vandeputte
  • Director reappointment, CALCOR bvba (director)
  • Permanent representative, Patrick Cornette
  • Auditor appointment, Grant Thornton Bedrijfsrevisoren BV o.v.v.e. CVBA (statutory auditor)
  • Board meeting, 30-06-2017
  • Director reappointment, GREEN LEAF nv (managing director)
  • Director reappointment, GREEN LEAF nv (chair of the board)
2017
29-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2014
04-12
State Gazette act Statutes amendment
2 facts ▸
  • General meeting, 23/09/2014
  • Statutes amendment
2013
19-07
State Gazette act Permanent representatives: Stijn VANDEPUTTE and Patrick CORNETTE
Registered-office move4 facts ▸
  • Board meeting, 19/04/2013
  • Registered-office move, 8500 Kortrijk, Evolis 78
  • Permanent representative, Stijn VANDEPUTTE
  • Permanent representative, Patrick CORNETTE
2012
16-10
State Gazette act Appointment: PKF Bedrijfsrevisoren (statutory auditor)
2 facts ▸
  • General meeting, 14/06/2012
  • Auditor appointment, PKF Bedrijfsrevisoren (statutory auditor)
17-01
State Gazette act Permanent representatives: Stijn VANDEPUTTE and Patrick-Paul CORNETTE
Share cancellation4 facts ▸
  • Board meeting, 29/12/2011
  • Share cancellation, 970922
  • Permanent representative, Stijn VANDEPUTTE
  • Permanent representative, Patrick-Paul CORNETTE
2011
18-11
State Gazette act Resignations: TANEL, CALCOR and 3 others
Appointments: GREEN LEAF (director) and CALCOR (director) · Power of attorney · Director discharge14 facts ▸
  • General meeting, 06/10/2011
  • Director resignation, TANEL (director)
  • Director resignation, CALCOR (director)
  • Director resignation, MALYSSE, RIGOLE & CO (director)
  • Director resignation, ROD.COM (director)
  • Director resignation, BENELCHEM (director)
  • Director appointment, GREEN LEAF (director)
  • Director appointment, CALCOR (director)
  • Power of attorney, BCVBA PKF Bedrijfsrevisoren
  • Board meeting, 06/10/2011
  • Director resignation, TANEL (managing director)
  • Director discharge, TANEL
  • +2 further facts in this act
29-08
State Gazette act Restructuring · End & cessation
Merger2 facts ▸
  • Merger, met fusie door overneming gelijkgestelde verrichting
  • Merger, met fusie door overneming gelijkgestelde verrichting
20-06
State Gazette act Restructuring
Merger2 facts ▸
  • Merger
  • Merger
20-06
State Gazette act Resignations: Inveco.be bvba (director) and P.P.G.-Group Comm.VA (director)
Appointments: Tanel nv (director) and Benelchem nv (director)11 facts ▸
  • General meeting, 23/02/2011
  • Board meeting, 01/06/2011
  • Director resignation, Inveco.be bvba (director)
  • Director resignation, P.P.G.-Group Comm.VA (director)
  • Director resignation, P.P.G.-Group Comm.VA (chair)
  • Director appointment, Tanel nv (director)
  • Director appointment, Benelchem nv (director)
  • Director resignation, P.P.G.-Group Comm.VA (chair of the board)
  • Director appointment, Benelchem nv (chair of the board)
  • Director resignation, Inveco.be bvba (managing director)
  • Director appointment, Tanel nv (managing director)
2010
06-07
State Gazette act Resignations: JETIRO (director) and ROD.COM (managing director)
Appointments: MARICO (director) and ROD.COM (director) · Permanent representatives: Steven MALYSSE and Roderick PEETERS7 facts ▸
  • Board meeting, 26/01/2010
  • Director resignation, JETIRO (director)
  • Director appointment, MARICO (director)
  • Permanent representative, Steven MALYSSE
  • Director resignation, ROD.COM (managing director)
  • Director appointment, ROD.COM (director)
  • Permanent representative, Roderick PEETERS
2007
22-10
State Gazette act Restructuring
Merger4 facts ▸
  • Merger
  • Merger
  • Merger
  • Merger
13-08
State Gazette act Restructuring
Merger4 facts ▸
  • Merger
  • Merger
  • Merger
  • Merger
2006
08-05
State Gazette act Appointments: PPG GROUP, CALCOR and INVECO.BE BVBA
Permanent representatives: Paul POTTEAU, Patrick CORNETTE and Stijn Vandeputte7 facts ▸
  • General meeting, 3 april 2006
  • Director appointment, PPG GROUP (director)
  • Permanent representative, Paul POTTEAU
  • Director appointment, CALCOR (director)
  • Permanent representative, Patrick CORNETTE
  • Director appointment, INVECO.BE BVBA (managing director)
  • Permanent representative, Stijn Vandeputte
2005
12-07
State Gazette act Purpose
Purpose change · Statutes amendment5 facts ▸
  • General meeting, 20/06/2005
  • Purpose change, Het uitvoeren van bekabeling en allerleı elektriciteitswerken, dienstig voor de informatica en aanverwante diensten, door zowel het eigen personeel als door mid…
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
2004
01-03
State Gazette act Resignation: Jan Demeyere (director)
Appointment: Inveco be (director) · Permanent representatives: Stijn Vandeputte and Jan Demeyere · Mandate term10 facts ▸
  • General meeting, 01/04/2003
  • Director resignation, Jan Demeyere (director)
  • Director resignation, Jan Demeyere (managing director)
  • Director appointment, Inveco be (director)
  • Permanent representative, Stijn Vandeputte
  • Mandate term, onmiddellijk na de jaarvergadering te houden in 2008
  • Permanent representative, Jan Demeyere
  • Permanent representative, Jan Demeyere
  • Board meeting, 01/04/2003
  • Director appointment, Inveco be (managing director)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
41 of 41 acts read

Directors · office · real estate

Directors
4 directors, no change since 2025

Board 4

Trustteam Group
Director · since 01-01-2023 · Private limited company · perm. rep.: Pieter SPIESSCHAERT
Current
T.T. HOLDINGS
Director · since 16-10-2025 · Public limited company · perm. rep.: Valerie DESEYN
Current
GREEN HILL II
Director · since 23-01-2023 · Legal entity · from a recent act
Current
GREEN HILL II bv
Director · Legal entity · from a recent act
Current
12 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Benelchem nv
Chair of the board · since 01-06-2011 · Director · since 01-01-2011 · Legal entity
Not recently confirmed
Inveco be
Director · since 01-04-2003 · Legal entity · perm. rep.: Stijn Vandeputte
Not recently confirmed
CALCOR
Director · since 03-04-2006 · Legal entity · perm. rep.: Patrick CORNETTE
Not recently confirmed
PPG GROUP
Director · since 03-04-2006 · Legal entity · perm. rep.: Paul POTTEAU
Not recently confirmed
MARICO
Director · since 26-01-2010 · Legal entity · perm. rep.: Steven MALYSSE
Not recently confirmed
Tanel nv
Director · since 01-01-2011 · Legal entity
Not recently confirmed
Calcor BVBA
Director · since 31-10-2018 · Legal entity
Not recently confirmed
Green Leaf NV
Director · since 31-10-2018 · Legal entity
Not recently confirmed
Pieter SPIESSCHAERT
Director · since 31-10-2018
Not recently confirmed
Stijn VANDEPUTTE
Director · since 31-10-2018
Not recently confirmed
T.T. Holdings NV
Director · since 31-10-2018 · Legal entity · perm. rep.: Stijn Vandeputte
Not recently confirmed
Green Forest NV
Director · since 01-01-2019 · Legal entity · perm. rep.: Pieter Spiesschaert
Not recently confirmed

Day-to-day management 5

Inveco be
Managing director · since 01-04-2003 · Legal entity · perm. rep.: Stijn Vandeputte
Not recently confirmed
Tanel nv
Managing director · since 01-06-2011 · Legal entity
Not recently confirmed
Green Leaf NV
Managing director · since 31-10-2018 · Legal entity
Not recently confirmed
Stijn VANDEPUTTE
Managing director · since 31-10-2018
Not recently confirmed
Green Forest NV
Managing director · since 01-01-2019 · Legal entity · perm. rep.: Pieter Spiesschaert
Not recently confirmed

Permanent representatives 2

Pieter SPIESSCHAERT
Permanent representative · since 01-01-2023 · for Trustteam Group
Current
Valerie DESEYN
Permanent representative · since 16-10-2025 · for T.T. HOLDINGS
Current
4 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Patrick CORNETTE
Permanent representative · since 03-04-2006 · for CALCOR
Not recently confirmed
Paul POTTEAU
Permanent representative · since 03-04-2006 · for PPG GROUP
Not recently confirmed
Steven MALYSSE
Permanent representative · since 26-01-2010 · for MARICO
Not recently confirmed
Stijn Vandeputte
Permanent representative · since 31-10-2018 · for T.T. Holdings NV
Not recently confirmed

Statutory auditor 1

Grant Thornton bedrijfsrevisoren
Statutory auditor · since 01-03-2018 · perm. rep.: Stefaan De Coninck
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kortrijk · 3 establishment units since 2002
seat establishment All 3 establishment units on the map
Ground area
1.2 ha
Building footprint
2,651 m²
Volume, LiDAR
24,846 m³
3 parcels, Flanders · tallest building 18.3 m, ±6 floors. Linked by address, not a title deed.
3 establishment units
Trustteam NV
Evolis(Kor) 78, 8500 KortrijkNACE 5143001
since 20022.095.859.105
TRUSTTEAM
Ilgatlaan 9, 3500 HasseltWholesale of electrical household appliances and audio-video equipment
since 20182.282.900.740
TRUSTTEAM
Drapstraat 90, 9810 Nazareth-De PinteWholesale of electrical household appliances and audio-video equipment
since 20222.332.325.606
3 parcels
Flanders 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34353B0347/00C000 Flanders 8,726 m² 1 · 1,747 m² 14.9 m · 4 fl.
44048F0185/00E002 Flanders 1,997 m² 1 · 433 m² -
71328D0376/00F000 Flanders 1,389 m² 1 · 471 m² 18.2 m · 6 fl.
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

24 people since 2003, 17 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Trustteam Group
  • Director, from 01-01-2023 to date
GREEN HILL IIfrom an act
  • Director, from 23-01-2023 to date
T.T. HOLDINGS
  • Director, already before 16-10-2025 to date
GREEN HILL II bvfrom an act
  • Director, already before 24-10-2025 to date
Grant Thornton bedrijfsrevisoren
  • Statutory auditor, from 01-03-2018 to date
Inveco be
  • Director, from 01-04-2003 not ended, last confirmed 01-03-2004
  • Managing director, from 01-04-2003 not ended, last confirmed 01-03-2004
CALCOR
  • Director, from 03-04-2006 not ended, last confirmed 08-05-2006
PPG GROUP
  • Director, from 03-04-2006 not ended, last confirmed 08-05-2006
MARICO
  • Director, from 26-01-2010 not ended, last confirmed 06-07-2010
Benelchem nv
  • Director, from 01-01-2011 not ended, last confirmed 20-06-2011
  • Chair of the board, from 01-06-2011 not ended, last confirmed 20-06-2011
Tanel nv
  • Director, from 01-01-2011 not ended, last confirmed 20-06-2011
  • Managing director, from 01-06-2011 not ended, last confirmed 20-06-2011
Calcor BVBA
  • Director, already before 31-10-2018 not ended, last confirmed 25-04-2019
Green Leaf NV
  • Director, already before 31-10-2018 not ended, last confirmed 25-04-2019
  • Managing director, already before 31-10-2018 not ended, last confirmed 25-04-2019
Pieter SPIESSCHAERT
  • Director, already before 31-10-2018 not ended, last confirmed 25-04-2019
Stijn VANDEPUTTE
  • Director, already before 31-10-2018 not ended, last confirmed 25-04-2019
  • Managing director, already before 31-10-2018 not ended, last confirmed 25-04-2019
T.T. Holdings NV
  • Director, from 31-10-2018 not ended, last confirmed 25-04-2019
Green Forest NV
  • Director, from 01-01-2019 not ended, last confirmed 25-04-2019
  • Managing director, from 01-01-2019 not ended, last confirmed 25-04-2019
PKF bedrijfsrevisoren
  • Statutory auditor, from 16-10-2012 to 01-03-2018
VANDEPUTTE-CORNETTE
  • Director, until 06-10-2011
  • Managing director, until 06-10-2011
Inveco.be bvba
  • Managing director, from 03-04-2006 to 01-01-2011
  • Director, until 01-01-2011
P.P.G.-Group Comm.VA
  • Chair, until 01-01-2011
  • Chair of the board, until 01-01-2011
  • Director, until 01-01-2011
JETIRO
  • Director, until 06-07-2010
ROD.COM
  • Director, from 26-01-2010 ended, last mentioned 06-07-2010
  • Managing director, until 06-07-2010
Jan Demeyere
  • Director, until 01-04-2003
  • Managing director, until 01-04-2003
See the board, name and seat on a given date →

Articles of association

Purpose
De vennootschap heeft tot voorwerp: de handel onder al zijn vormen (groot- en kleinhandel, aan- en verkoop, im- en export, vertegenwoordiging, makelarij, commissie, enzovoort) in…
Full purpose

De vennootschap heeft tot voorwerp: de handel onder al zijn vormen (groot- en kleinhandel, aan- en verkoop, im- en export, vertegenwoordiging, makelarij, commissie, enzovoort) in, huur en verhuur, leasing en herstelling van hard- en software, electro, radio, televisie, video, foto-apparatuur en bijhorigheden, kantoormachines, kantoormeubelen, kantoorbenodigdheden, boeken, en aanverwante artikelen en het uitbaten van een kantoor van mecanografische werken. - de handel onder al zijn vormen in, huur en verhuur, leasing en herstelling van alle voorwerpen en diensten in de domeinen telecommunicatie, internet en automatisering; - het plaatsen en installeren van computersystemen en netwerken; - het optreden als studie-, organisatie- en raadgevend bureau in informatica; - het ontwerpen van software en interactieve toepassingen in alle mogelijke deelgebieden zoals security, milieu, management, accounting, enzoverder; de installatie, de programmatie en het onderhoud van (systeem-)software; - de creatie van websites; - het uitvoeren van bekabeling en allerlei electriciteitswerken, dienstig voor de informatica en aanverwante diensten, door zowel eigen personeel als door middel van onderaannemers; - de ondersteuning van klanten bij de implementatie van hard- en software en interactieve toepassingen; - het verhuren van software en ruimte voor gegevensopslag op computers; consulting, studie, opleiding, onderzoek, ontwerp, ontwikkeling, vervaardiging, exploitatie, commercialisatie, promotie, prospectie en begeleiding inzake bovenvermelde materies; - de publiciteit, reclame, marketing en algemene communicatie onder alle vormen en het uitvoeren van alle werken die voor de verwezenlijking van publiciteit, reclame, marketing en algemene communicatie noodzakelijk zijn, zonder enige beperking; - het verlenen van technische en administratieve dienstprestaties voor alle mogelijke bedrijven; - het leveren van totaaloplossingen in verband met informatica-toepassingen aan de bedrijfswereld; - de recrutering, het verhuren, het uitbesteden en het detacheren van personeel en zelfstandige consultants, alsmede het geven van adviezen hieromtrent; - het optreden als makelaar in immobiliën: - het aankopen, verkopen, opschikken, uitrusten, valoriseren, bouwen, verhuren, onderverhuren, in huur nemen of leasen zomede de projectontwikkeling van alle onroerende goederen, alsook het oprichten, omvormen, restaureren, slopen van gebouwen en in waarde brengen van alle onroerende goederen. De vennootschap zal alle burgerlijke, industriële, commerciële, financiële, roerende en onroerende verhandelingen mogen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp, die van aard zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden en die daartoe noodzakelijk, nuttig of zelfs alleen maar bevorderend zijn. Zij kan ook participeren in of op enige andere wijze deelnemen in of samenwerken met andere vennootschappen of ondernemingen die kunnen bijdragen tot haar ontwikkeling of deze bevorderen. De vennootschap mag geenszins aan vermogensbeheer of beleggingsadvies doen als bedoeld in de Wetten en Koninklijke Besluiten op de financiële transacties en de financiële markten en over het vermogensbeheer en het beleggingsadvies. De vennootschap kan zich zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg of garant stellen en hiervoor elke persoonlijke of zakelijke zekerheid toekennen ten voordele van om het even welke al dan niet verbonden persoon of vennootschap. Zij kan ook opdrachten uitoefenen in andere vennootschappen, zoals opdrachten van bestuurder of vereffenaar. De vennootschap mag bovendien leningen en kredietopeningen toestaan aan vennootschappen of particulieren, onder om het even welke vorm. In dit kader kan zij zich ook borgstellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten behalve die welke wettelijk voorbehouden zijn aan depositobanken, houders van deposito's op korte termijn, spaarkassen, hypotheekmaatschappijen en kapitalisatie-ondernemingen De vennootschap mag al deze verrichtingen uitvoeren in België of in het buitenland, voor eigen rekening of voor rekening van derden, in de meest uitgebreide zin.

Structure & network

Owners and holdings

2 owners · 4 holdings · 5 subsidiaries in the tree

Chain of control

  1. GREEN FOREST 100%
  2. TRUSTTEAM

Highest known parent: GREEN FOREST. The sources do not say who stands above it.

Owners 2

Holdings 4

Stated earlier (1)

An older source named these holdings; newer accounts no longer list them.

All subsidiaries, including indirect ones 5

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the 2025 annual accounts of TRUSTTEAM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

2 current directors
Depth

The group is listed under Ownership & control below; here you explore it as a network.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Acquisitions and mergers

16 transactions
Took over:LaCe HOLDING
BE 0832.419.851operation treated as a merger by absorption · State Gazette act of 01-08-2023 (2 acts)
Took over:FIRMWARE LABS
BE 0840.595.070State Gazette act of 04-08-2022 (2 acts)
BE 0440.956.555State Gazette act of 04-08-2022 (2 acts)
Took over:COMPUBOEK
BE 0444.811.811State Gazette act of 25-05-2022 (2 acts)
Took over:NEXIFIN
BE 0465.377.096State Gazette act of 28-10-2021 (2 acts)
Took over:SOFTICA
BE 0477.028.182merger by absorption · State Gazette act of 22-04-2021 (2 acts)
Took over:ELECTRO-LINE
BE 0427.038.540operation treated as a merger by absorption · State Gazette act of 09-08-2019 · effective 31-03-2019
Took over:ELECTRO-LINE
BE 0466.715.993proposal · State Gazette act of 14-05-2019 · effective 24-04-2019
Took over:HEXIOS
BE 0477.489.725operation treated as a merger by absorption · State Gazette act of 05-02-2019 (2 acts)
BE 0427.501.665merger by absorption · State Gazette act of 05-02-2019 (2 acts) · effective 28-12-2018
Took over:NEXTUSE
operation treated as a merger by absorption · State Gazette act of 29-08-2011 (2 acts)
Took over:S.P.I.C.S.
operation treated as a merger by absorption · State Gazette act of 29-08-2011 (2 acts)
BE 0472.724.055proposal · State Gazette act of 22-10-2007 (2 acts)
Took over:COMPECOM BVBA
BE 0459.012.611proposal · State Gazette act of 22-10-2007 (2 acts)
Took over:SECUTEAM NV
BE 0466.788.348proposal · State Gazette act of 22-10-2007 (2 acts)
Took over:XOFIN NV
BE 0862.352.863proposal · State Gazette act of 22-10-2007 (2 acts)

Capital and shareholders

Capital over the years
  1. 22-04-2021 Capital stated in the act · 1,222,944.81 EUR · 31,855,418 shares
  2. 05-02-2019 Capital increase of 247,893.52 EUR · to 1,222,944.81 EUR
  3. 10-12-2018 Capital stated in the act · 975,051.29 EUR · 26,654,984 shares
  4. 29-11-2018 Capital stated in the act · 975,051 EUR

Public money · subsidies and aid

Flemish government

2022 to 2025 · 6 entries · 14,752 EUR awarded · 15,868 EUR paid
Year Entries awardedpaid
2025 1 21 EUR21 EUR
2024 2 6,218 EUR6,218 EUR
2023 2 5,091 EUR6,207 EUR
2022 1 3,422 EUR3,422 EUR
Schemes
3 entries · 11,482 EUR · 12,598 EUR paid · Fonds voor Innoveren en Ondernemen
3 entries · 3,270 EUR · 3,270 EUR paid · Departement Werk en Sociale Economie

Similar companies · same sector, comparable size

Of 2,119 companies in sector 46500 we hold annual accounts for 1,408. 254 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded28-02-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
62100Computer programming
46431Wholesale of electrical household appliances and audio-video equipment
47400Retail sale of information and communication equipment
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
95100Repair and maintenance of computers and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID 0208:0477005418
Registered 03-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.