TRUST SOLUTIONS SYSTEM ENGINEERING
ActiveSummary
The computed 12-month bankruptcy probability of TRUST SOLUTIONS SYSTEM ENGINEERING is 3.5% (moderate). The 2025 annual accounts show equity of €244,492 and a net result of €134,654. Its solvency ranks better than 80% of 9,394 sector peers (NACE 41, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-06-2023 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 1 other
- Establishment unit
- 2.346.743.566 1030 Schaarbeek, since 14-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 29-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.5%
- Gross margin
- €175,839
- ▲ 17.4%
- Turnover
- ≈ €580,000
- estimated
- Profit
- €134,654
- ▲ 24.9%
- Equity
- €244,492
- ▲ 123%
- Total assets
- €341,699
- ▲ 78.9%
- Staff
- ≈ 0 FTE
- estimated
- 2025 accounts filed 55 days after the deadline
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)Last filed accounts filed 55 days late; 2 of the last 3 accounts lateFounded in 2023Size: total assets €341,699Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 81% of them on solvency, 37% on liquidity, 91% on profitability and 90% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 2 accounts on average 45 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 55 days after the deadline Filed on 24 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00522659.
Annual accounts 2025 filed on 24-09-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 27% higher than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €1,199 | - |
| Depreciation and write-downs of the year | €240 | €240 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €94 | €196 | ▲ 108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €240 | €240 | = |
| Other operating charges640/8 | €11,856 | €1,250 | ▼ 89.5% |
| Gross operating margin9900 | €149,831 | €175,839 | ▲ 17.4% |
| Operating profit (loss)9901 | €137,641 | €174,154 | ▲ 26.5% |
| Financial charges65/66B | €266 | €471 | ▲ 77.2% |
| Recurring financial charges65 | €266 | €471 | ▲ 77.2% |
| Profit (loss) for the period before taxes9903 | €137,375 | €173,682 | ▲ 26.4% |
| Income taxes67/77 | €29,537 | €39,029 | ▲ 32.1% |
| Profit (loss) for the period9904 | €107,838 | €134,654 | ▲ 24.9% |
| Profit (loss) for the period to be appropriated9905 | €107,838 | €134,654 | ▲ 24.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €191,033 | €341,699 | ▲ 78.9% |
| Fixed assets21/28 | €960 | €720 | ▼ 25.0% |
| Tangible fixed assets22/27 | €960 | €720 | ▼ 25.0% |
| Plant, machinery and equipment23 | €960 | €720 | ▼ 25.0% |
| Current assets29/58 | €190,074 | €340,979 | ▲ 79.4% |
| Amounts receivable after more than one year29 | €90,000 | €278,189 | ▲ 209% |
| Trade receivables290 | €90,000 | €90,000 | = |
| Other amounts receivable291 | - | €188,189 | - |
| Amounts receivable within one year40/41 | €98,916 | €50,630 | ▼ 48.8% |
| Trade receivables40 | €98,020 | €49,733 | ▼ 49.3% |
| Other amounts receivable41 | €897 | €897 | = |
| Cash at bank and in hand54/58 | €1 | €4,828 | ▲ 7,543× |
| Deferred charges and accrued income490/1 | €1,157 | €7,332 | ▲ 534% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €191,033 | €341,699 | ▲ 78.9% |
| Equity10/15 | €109,838 | €244,492 | ▲ 123% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €107,838 | €242,492 | ▲ 125% |
| Amounts payable17/49 | €81,195 | €97,206 | ▲ 19.7% |
| Amounts payable within one year42/48 | €81,195 | €97,206 | ▲ 19.7% |
| Trade debts44 | €51,658 | €28,220 | ▼ 45.4% |
| Suppliers440/4 | €51,658 | €27,823 | ▼ 46.1% |
| Bills of exchange payable441 | - | €398 | - |
| Taxes, remuneration and social security45 | €29,537 | €68,565 | ▲ 132% |
| Taxes450/3 | €29,537 | €68,565 | ▲ 132% |
| Other amounts payable47/48 | - | €421 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €107,838 | €134,654 | ▲ 24.9% |
| + Depreciation and write-downs630 | €240 | €240 | = |
| Operating cash flow (approximation) | €108,078 | €134,894 | ▲ 24.8% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €4,827 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as TRUST SOLUTIONS SYSTEM ENGINEERING has now. Two years later, 95.9% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of TRUST SOLUTIONS SYSTEM ENGINEERING itself is higher: 3.5% within 12 months. It rests on far more data about TRUST SOLUTIONS SYSTEM ENGINEERING than the profile alone.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 39,278 companies, not a prediction for TRUST SOLUTIONS SYSTEM ENGINEERING. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- POPA Gigi 100 shares (100%) · €2,000 in cash
Capital transactions
- 16-06-2023 Incorporation · €2,000 · 100 shares
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 16-06-2023 (in French)
Network & group
TRUST SOLUTIONS SYSTEM ENGINEERING shares no director with another company.
Companies at the same address
5 other companies- Mǎrǎşescu, Stefan (sole trader) Establishment · since 2025 1017507828
- Mărăşescu, Marius (sole trader) Establishment · since 2024 1011012093
- Obreja, Gheorghe (sole trader) Establishment · since 2019 0846340440
- BATIEM CONSTRUCTION Registered office · since 2011 0835513656
- Association des copropriétaires de l'immeuble sis à 1030 Schaerbeek, avenue Chazal 58 Registered office · since 1983 0547642994
Connections & network
1 current directorThe network starts from the directors of TRUST SOLUTIONS SYSTEM ENGINEERING. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
16-06
Gazette deed
IncorporationStarting capital €2,000 · Appointment: POPA Gigi (director) · Founder10 points ▸
- Incorporation, “TRUST SOLUTIONS SYSTEM ENGINEERING” (deed in French)
- Founder, POPA Gigi (comparant)
- Founding capital, €2,000
- Bank account, “banque Belge reconnue, compte spécial” (deed in French)
- POPA Gigi holds all the shares
- Registered office clause, “1030 Schaerbeek, avenue chazal, 58 boîte RDC” (deed in French)
- Board rule, 1, “assemblée” (deed in French)
- Director appointment, POPA Gigi (director (not named in the articles))
- Other provision, “absence d'empêchement à la nomination, aucune mesure ne s'oppose à sa nomination” (deed in French)
- Pre-incorporation commitments, “takeover, tous les engagements ainsi que les obligations qui en résultent et toutes les activités entreprises par le comparant au nom et pour compte de la socié…” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 14 June 2023, TRUST SOLUTIONS SYSTEM ENGINEERING was incorporated as a private limited company by one natural person, with a starting capital of €2,000.12 POPA Gigi is director of the company, appointed in the act of 16-06-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
32 activities
- L’entreprise generale de construction,la maconnerie,la mise en place de fondations,la ferronnerie de batiments,la construction metallique,la menuiserie generale,interieure et exterieure,metallique et plastique,le gros œuvre,la plomberie generale,les travaux de demolition,le terrassement,la construction,la reparation,la transformation,la renovation,le parachevement,travaux de finition,et l’entretien de tous biens immobiliers et mobiliers
- Tous travaux de nettoyage de facade par tout type de procede
- Tous travaux de rejointoiement
- L'achat,l'échange,la vente,l’expertise,la prise en location et en sous-location,ainsi que la cession en location et en sous-location,le tout avec ou sans option d'achat,l'exploitation et l'entretien de maisons,appartements,bureaux,magasins,fonds de commerce,terrains,terres et domaines,et en matière générale,de tous biens immobiliers
- La vente,la location,la réparation,la restauration,le conseil,la consultance immobilière et la gestion d’immeubles,de maisons et d’appartements ; nettoyage et désinfection d’immeubles,meubles,ameublements et autres objets divers ; la peinture industrielle,le commerce en gros et au détail
- L’achat,la vente,l’importation et l’exportation de tous matériaux de construction et de bricolage
- L’installation d’échafaudage,de rejointage thermique et acoustique,laine de roche et mousse synthétique
- Travaux dans le domaine du zinc,cuivre,roofing,corniches,cheminées,velux,tuiles,ardoises,charpentes,pignons,démoulage,maçonnerie,plafonnage,électricité
- La réparation,le dépannage,l’entretien,ainsi que les travaux de toutes natures afférents à la plomberie,aux installations de chauffage et de réfrigération et aux installations sanitaires
- L’importation,l’exportation,l’achat et la vente,la commercialisation,la production,la fabrication,ainsi que le placement de tous produits et/ou matériaux attenants à la plomberie,aux installations de chauffage et de réfrigération et aux installations sanitaires
- Le placement de clôtures,ferronnerie et de menuiserie métallique
- Le placement de paratonnerres
- La pose de chapes,coffrages et terrassement ; le ramonage de cheminées,les travaux d’égouts,de pose de câblages et canalisations diverses,l’aménagement de terrain de sport,de parcs et de jardin
- Commerce en gros de matériaux de construction et entreprise de construction générale,la coordination des travaux à l’exception de toutes activités réglementées,qui seront traitées par des sous-traitants
- Travaux de gyproc,pose de plafonds et de faux plafonds
- Tous travaux de plafonnage et de carrelage et,plus généralement,de finition du bâtiment
- Tous travaux de sanitaire et de chauffage
- Tous travaux contre l'humidité,travaux isolation,....
- Tous travaux d'électricité générale,alarme,caméra,sécurité,domotique
- Toutes Installations de panneaux solaires/photovoltaïque
- Tous travaux de nettoyage
- La fabrication de charpentes et de menuiserie en bois,matière plastique ou aluminium,le montage de charpentes,menuiserie en bois ou en matière plastique,le montage de menuiseries extérieures ou intérieures,portes et fenêtres,escaliers,placards,cuisines équipées,équipements pour magasin,dormants de portes et fenêtres,le commerce de gros de menuiserie et les fermetures de bâtiments en bois,la couverture de construction et travaux hydrofuges,la construction de maisons à ossature bois,le bardage
- L’entreprise générale de bâtiment
- Toute activité de gestion,de management et de conseil en matière financière ou économique et de développement d’entreprise.Conseil en matière de communication,de marketing,publicité …
- Toute activité de gestion,supervision et coordination technique de projet.Consultance,conseil technique et suivit de chantier…
- Fournir des services de logistique et de transport
- L’entreprise de transport national et international de marchandises par route ou autrement
- L’exploitation d’activités de transport de personnes (taxis,minibus,limousine,etc.) et de sociétés de taxis
- Le commerce en gros et au détail,import et export,achat et vente des véhicules neufs et occasions,particuliers et autres
- Toutes activités de concessionnaire de véhicules neufs ou d’occasions et le passage de contrôles techniques de véhicules
- L’exploitation de garages,de station-service,de car-wash,d’atelier d’entretien et de réparation de véhicules à moteur ou mécanisés,d’atelier de réparation,pose et remplacement de pneus,de même que l’exploitation de magasins de pièces de rechanges,d’outils et d’accessoires pour ces mêmes véhicules
- Toutes activités Horeca se rapportant directement ou indirectement à l’installation,l’exploitation et la gestion en matière d’hôtellerie,friture,snack,salons de consommation,taverne,débits de boissons,café,service traiteur,night-shop,restaurant et accueil au sens le plus large du terme
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0802.707.761
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21904B0528/00Y003 | Brussels | 145 m² | 1 · 110 m² | 14.3 m · 4 |