TRUST SOLUTIONS SYSTEM ENGINEERING
ActiveThe computed 12-month bankruptcy probability of TRUST SOLUTIONS SYSTEM ENGINEERING is 4.3% (elevated). The 2024 annual accounts show equity of €110k and a net result of €108k. Its solvency ranks better than 66% of 9984 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes
Profitability100
Solvency98
Growth-
Stability79
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.34), and 42.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-09-2025, 35 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 · 1 filingDeviation from the deadline
2024
35 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€110k
Total assets
€191k
Net result
€108k
Working capital
€109k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €191k
Fixed assets
€960
Current assets
€190k
Equity and liabilities €191k
Equity
€110k
Debt
€81k
Debt finances 42.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€138k
Cash flow
€108k
Solvency
57.5%
Current ratio
2.34
Quick ratio
2.34
Debt / equity
0.74
ROE
98.2%
ROA
56.5%
Interest coverage
518.41
Debt
€81k
Debt ≤ 1 year
€81k
Income taxes
€30k
Staff costs
€94
Filed annual accounts
As filed with the NBB · 2024
Balance sheet
Code2024
Assets
Total assets20/58€191k
Fixed assets21/28€960
Tangible fixed assets22/27€960
Plant, machinery and equipment23€960
Current assets29/58€190k
Amounts receivable after more than one year29€90k
Trade receivables290€90k
Amounts receivable within one year40/41€99k
Trade receivables40€98k
Other amounts receivable41€897
Cash at bank and in hand54/58€1
Deferred charges and accrued income490/1€1k
Equity and liabilities
Total equity and liabilities10/49€191k
Equity10/15€110k
Contributions10/11€2k
Profit (loss) carried forward14€108k
Amounts payable17/49€81k
Amounts payable within one year42/48€81k
Trade debts44€52k
Suppliers440/4€52k
Taxes, remuneration and social security45€30k
Taxes450/3€30k
Income statement
Code2024
Remuneration, social security and pensions62€94
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€240
Other operating charges640/8€12k
Gross operating margin9900€150k
Operating profit (loss)9901€138k
Financial charges65/66B€266
Recurring financial charges65€266
Profit (loss) for the period before taxes9903€137k
Income taxes67/77€30k
Profit (loss) for the period9904€108k
Profit (loss) for the period to be appropriated9905€108k
Appropriation of the result
Profit (loss) to be appropriated9906€108k
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
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
NBB filing
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, Schaarbeek · 1 establishment unit since 2023
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.
Chazallaan 581030 SchaarbeekGround area
145 m²
Building footprint
110 m²
Volume, LiDAR
1,362 m³
Parcel 21904B0528/00Y003, Brussels · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
TRUST SOLUTIONS SYSTEM ENGINEERING
since 20232.346.743.566
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21904B0528/00Y003 | Brussels | 145 m² | 1 · 110 m² | 14.3 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.
Similar companies · same sector, comparable size
ETABLISSEMENTS LAROSE
BE 0761.707.247
Sint-Jans-Molenbeek · Eq €110k
FILIP VANDEWEYER
BE 0888.233.453
Brecht · Eq €110k
DEKUYPER CONSTRUCT
BE 0455.131.126
Koksijde · Eq €110k
CREATIV ART
BE 0728.738.135
Grimbergen · Eq €110k
MATICES INNOVATION ET DEVELOPPEMENT
BE 0767.669.777
Roeselare · Eq €110k
Of 29,531 companies in sector 41001 we hold annual accounts for 15,863. 12,915 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-06-2023
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.