Equity
€12.6m ▲ 20.3%
TRUSTTEAM has made a profit in every financial year since 2006.
TRUSTTEAM
Part of the group
13 companies in 5 countries
Lifetime
19 annual accounts with figures on one time axis, 23 filings since 2003peak €37.5m (2025)
€37.5m▲ 18.9%
peak €10.0m (2018)
€7.1m▲ 45.3%
peak €12.6m (2025)
€12.6m▲ 20.3%
€57.3m▲ 47.1%
peak 96.5 FTE (2024)
93.6 FTE▼ 3.0%
Board19 names since 2003all names
2 directors and 1 other
Owners9 names in the annual accountsall names
100% and 1 other
Documentsfilings and deeds
13-07-202618 days before the deadline
2025financial year
Turnover from €31.5m to €37.5mResult from €4.9m to €7.1m2 directors reappointed 24-10Dividend €2.0mEquity from €10.5m to €12.6mDebts from €38.9m to €57.3m
Key points
from the 2025 annual accountsResult
€7.1m ▲ 45.3%
The result rose in 2025 from €4.9m to €7.1m.
Debts
€57.3m 82% of the balance sheet
Financial debts 53%Suppliers 15%Taxes and wages 2%Other 31%
Of this, €26.1m falls due within a year.
Staff
90 employees on 31-12-2025
In 2025, 20 people joined and 29 left. On top of that, 0.1 agency workers worked there on average.
Liquidity
1.40 was 0.77 in 2024
Short-term debts rose from €23.1m to €26.1m.
Filings
23 annual accounts since 2003
The 2016 accounts came 29 days late. The other nine of the last ten were filed on time.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 377 companies had the same profile as TRUSTTEAM has now. Each dot is one company, two years later.
97.3%
were still trading
2.4%
stopped another way
0.3%
went bankrupt
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 377 companies, not a prediction for TRUSTTEAM. 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
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director,
Director,
Auditor,
- 100%equity €17.5m (2022) · 2022 annual accounts of
- 100%equity €71.8m (2025) · 2025 annual accounts of
- consolidatesequity €137.5m (2025) · annual accounts 2025
Shares in 4 companies, including and
Board & ownershipRecent changes
Reappointment: (statutory auditor)
General meeting of 30-06-2026 · Gazette deed
Permanent representatives: and
Board meeting of 28-11-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0477005418
2 directors reappointed
and · Permanent representatives: and · General meeting of 06-06-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TRUSTTEAM Kortrijk | €37.5m | 21.0% | 18.0% | 93.6 |
| ESSELTE BUSINESS Sint-Niklaas | €45.1m | 3.8% | 95.4% | 81.7 |
| Fero Group Willebroek | €35.9m | 10.7% | 13.6% | 178.8 |
| TELEVIC Izegem | €63.2m | 16.6% | 78.4% | 101.5 |
| TELEVIC RAIL Izegem | €56.1m | 10.7% | 42.0% | 135.4 |
| KONICA MINOLTA BUSINESS SOLUTIONS (BELGIUM) N.V./S.A. Machelen (Brab.) | €46.1m | 0.0% | 57.2% | 168.2 |
| MACSYS Dendermonde | €88.8m | 47.9% | 19.0% | 83 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as TRUSTTEAM: wholesale of information and communication equipment (NACE 46500). They are comparable in size and age: total assets between €34m and €154m, founded between 1989 and 2010.
Official details
Source: KBO- Status
- Active since 28-02-2002Normal situation
- Activity
- Wholesale of information and communication equipmentNACE 46500and 6 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 100Auxiliary committee for blue-collar workers · annual accounts 2025
- Establishment units
- 2.095.859.1058500 Kortrijk, since 04-04-2002
- 2.282.900.7403500 Hasselt, since 28-12-2018and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 03-12-2025
Annual accounts 2025
- €69.9m▲ 41.4%
- Employeeson 31-12-2025
- 90▼ 9.1%
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Companies linked to TRUSTTEAM
Subsidiaries and holdings
- 100%
Insights on TRUSTTEAM
TRUSTTEAM has existed since 2002. Turnover grew from €9.4m in 2010 to €37.5m in 2025 and staff from 41.9 to 93.6 full-time equivalents.
holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TRUSTTEAM
- What is the company number of TRUSTTEAM?
- The company number of TRUSTTEAM is 0477.005.418. The VAT number is the same number with BE in front: BE 0477.005.418.
- Where is TRUSTTEAM based?
- The registered office is at Evolis 78, 8500 Kortrijk.Company details
- What does TRUSTTEAM do?
- According to the KBO register, the main activity is wholesale of information and communication equipment (NACE 46500).
- What is the legal form of TRUSTTEAM?
- TRUSTTEAM is a public limited company (NV).
- When was TRUSTTEAM founded?
- TRUSTTEAM was founded on 28-02-2002.
- Is TRUSTTEAM still active?
- Yes, TRUSTTEAM is an active enterprise in the KBO register.
- How many employees does TRUSTTEAM have?
- TRUSTTEAM had an average of 93.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TRUSTTEAM fall under?
- In its 2025 annual accounts, TRUSTTEAM states joint committees 200 (Auxiliary committee for white-collar workers) and 100 (Auxiliary committee for blue-collar workers).
- What is the turnover of TRUSTTEAM?
- The turnover of TRUSTTEAM was €37.5m in financial year 2025, according to the filed annual accounts.
- Is TRUSTTEAM profitable?
- In financial year 2025, TRUSTTEAM made a profit of €7.1m.
- Where can I find the annual accounts of TRUSTTEAM?
- TRUSTTEAM filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TRUSTTEAM due?
- TRUSTTEAM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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