TRUST MD
ActiveThe computed 12-month bankruptcy probability of TRUST MD is 2.1% (moderate). The 2025 annual accounts show equity of €34k and a net result of €5k. Equity is growing by ~30.3% per year across the filed fiscal years. Its solvency ranks better than 61% of 2153 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
86
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-28
Solvency86▲+11
Growth68=
Stability94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.55 in 2024), but 50.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
49.1%
Return on assets
7.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 4 filingsDeviation from the deadline
2025
21 d late
2024
11 d late
2023
45 d late
2022
26 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€523k▲ 87.0%
2022 · €279k
2022: €279k
2022 → 2023
EBIT margin
2.5%▼ 2.2pp
2022 · 4.6%
2022: 4.6%
2022 → 2023
Net result
€5k▼ 37.1%
2024 · €8k
2022: €10k
2023: €10k
2024: €8k
2022 → 2025
Working capital
€22k▼ 5.3%
2024 · €23k
2022: €11k
2023: €7k
2024: €23k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€279k-€523k▲ 87.0%
Equity€11k-€21k▲ 85.5%€29k▲ 36.4%€34k▲ 16.8%
Operating result€13k-€13k▼ 0.6%€11k▼ 17.9%€6k▼ 38.6%
Net result€10k-€10k▼ 6.2%€8k▼ 21.0%€5k▼ 37.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 39% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €68k
Fixed assets
€12k▲ 105%
Current assets
€56k▼ 12.7%
Equity and liabilities €68k
Equity
€34k▲ 16.8%
Debt
€35k▼ 16.8%
The debt ratio falls from 59.2% to 50.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€16k▼
2024 · €20k
Cash flow
€14k▼
2024 · €17k
Solvency
49.1%▲
2024 · 40.8%
Current ratio
1.63▲
2024 · 1.55
Quick ratio
1.63▲
2024 · 1.55
Debt / equity
1.04▼
2024 · 1.45
ROE
14.4%▼
2024 · 26.7%
ROA
7.1%▼
2024 · 10.9%
Interest coverage
163.87▼
2024 · 265.10
Debt
€35k▼
2024 · €42k
Debt ≤ 1 year
€35k▼
2024 · €42k
Income taxes
€2k▼
2024 · €3k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€70k€68k▼
Fixed assets21/28€6k€12k▲
Tangible fixed assets22/27€6k€12k▲
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€4k€9k▲
Current assets29/58€65k€56k▼
Amounts receivable within one year40/41€59k€46k▼
Trade receivables40€56k€40k▼
Other amounts receivable41€3k€5k▲
Cash at bank and in hand54/58€5k€11k▲
Equity and liabilities
Total equity and liabilities10/49€70k€68k▼
Equity10/15€29k€34k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€28k€33k▲
Amounts payable17/49€42k€35k▼
Amounts payable within one year42/48€42k€35k▼
Trade debts44€36k€28k▼
Suppliers440/4€16k€28k▲
Bills of exchange payable441€20k-
Taxes, remuneration and social security45€6k€6k▲
Taxes450/3€2k€1k▼
Remuneration and social security454/9€4k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Other operating charges640/8€3k€225▼
Gross operating margin9900€23k€16k▼
Operating profit (loss)9901€11k€6k▼
Financial income75/76B-€84
Recurring financial income75-€84
Financial charges65/66B€75€96▲
Recurring financial charges65€75€96▲
Profit (loss) for the period before taxes9903€10k€6k▼
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€8k€5k▼
Profit (loss) for the period to be appropriated9905€8k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€33k▲
Profit (loss) brought forward from the previous period14P€20k€28k▲
The notes to these accounts (5 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
31-12
Financial
Weakest financial yearnet €5k ▼37.1%
Net result drops to €5k, the lowest in the series.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
2024
14-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 45 days late
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ternat · 1 establishment unit since 2022
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.
Gemeentehuisstraat 42A1740 TernatGround area
617 m²
Building footprint
271 m²
Volume, LiDAR
3,120 m³
Parcel 23086E0378/00E002, Flanders · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
TRUST MD
since 20222.330.457.365
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086E0378/00E002 | Flanders | 617 m² | 1 · 271 m² | 15.4 m · 4 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.
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BE 0769.947.101
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BE 0765.628.324
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CTL CONCEPT
BE 1010.035.165
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,038. 12,575 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-04-2022
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43240Other construction installation
43299Specialised construction activities
43350Other building finishing work
43910Bricklaying and masonry work
43990Other specialised construction activities
43994Specialised construction activities
43995Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.