TrustBuilder Corporation
ActiveSummary
TrustBuilder Corporation has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-643k) and a net result of €-1.38M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 2832 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
36
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency14▼-26
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.37 against 0.59 in 2023; short-term debt: 68.4% and cash: 1% of total assets), and equity is negative.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-10.7%
Return on assets
-23.1%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-643k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
84 d late
2022
19 d early
2021
27 d early
2020
51 d early
2019
38 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-643k
2023 · €741k
2018: €-361k
2019: €218k
2020: €1.10M
2021: €341k
2022: €2.77M
2023: €741k
2018 → 2024
Total assets
€5.98M▲ 18.9%
2023 · €5.03M
2018: €3.79M
2019: €4.49M
2020: €4.75M
2021: €4.68M
2022: €6.03M
2023: €5.03M
2018 → 2024
Net result
€-1.38M▲ 32.1%
2023 · €-2.04M
2018: €-1.03M
2019: €79k
2020: €-1.03M
2021: €-1.01M
2022: €-1.00M
2023: €-2.04M
2018 → 2024
Working capital
€-2.58M▼ 277%
2023 · €-685k
2018: €895k
2019: €97k
2020: €850k
2021: €110k
2022: €841k
2023: €-685k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.10M-€341k▼ 69.1%€2.77M▲ 713%€741k▼ 73.3%€-643k
Operating result€-958k-€-928k▲ 3.2%€-1.01M▼ 9.2%€-2.15M▼ 113%€-1.30M▲ 39.7%
Net result€-1.03M-€-1.01M▲ 2.2%€-1.00M▲ 0.5%€-2.04M▼ 103%€-1.38M▲ 32.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.30M in 2024 against €2.15M in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.97M
Fixed assets
€4.46M ▲ 11.0%
Current assets
€1.51M ▲ 51.3%
Key figures and ratios
EBITDA
€-398k▲
2023 · €-1.33M
Cash flow
€-484k▲
2023 · €-1.21M
Solvency
-10.7%▼
2023 · 14.7%
Current ratio
0.37▼
2023 · 0.59
Debt to equity
-10.30▼
2023 · 5.79
ROA
-23.1%▲
2023 · -40.5%
Interest coverage
-4.66▲
2023 · -25.91
Debt
€6.62M▲
2023 · €4.29M
Debt ≤ 1 year
€4.09M▲
2023 · €1.68M
Debt > 1 year
€633k=
2023 · €633k
Income taxes
€0▼
2023 · €3k
Staff costs
€1.37M▼
2023 · €2.08M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 63 lines
Balance sheet
Code20232024
Assets
Total assets20/58€5.03M€5.98M▲
Formation expenses20€10k€6k▼
Fixed assets21/28€4.02M€4.46M▲
Intangible fixed assets21€3.99M€4.44M▲
Tangible fixed assets22/27€23k€15k▼
Plant, machinery and equipment23€23k€15k▼
Financial fixed assets28€11k€10k▼
Current assets29/58€996k€1.51M▲
Amounts receivable within one year40/41€891k€1.45M▲
Trade receivables40€889k€1.44M▲
Other amounts receivable41€2k€7k▲
Cash at bank and in hand54/58€43k€59k▲
Deferred charges and accrued income490/1€62k€3k▼
Equity and liabilities
Total equity and liabilities10/49€5.03M€5.98M▲
Equity10/15€741k€-643k▼
Contributions10/11€3.04M€3.04M=
Capital10€3.02M€3.02M=
Issued capital100€3.02M€3.02M=
Outside capital11€16k€16k=
Share premium1100/10€16k€16k=
Reserves13€327k€327k=
Non-distributable reserves130/1€306k€306k=
Legal reserve130€4k€4k=
Other1319€302k€302k=
Tax-exempt reserves132€21k€21k=
Profit (loss) carried forward14€-3.04M€-4.43M▼
Investment grants15€418k€418k=
Amounts payable17/49€4.29M€6.62M▲
Amounts payable after more than one year17€633k€633k=
Financial debts170/4€633k€633k=
Amounts payable within one year42/48€1.68M€4.09M▲
Current portion of amounts payable after more than one year42€60k€2k▼
Financial debts43€250k€250k=
Credit institutions430/8€250k€250k=
Trade debts44€1.16M€2.06M▲
Suppliers440/4€1.16M€2.06M▲
Advances received on contracts in progress46-€12k
Taxes, remuneration and social security45€210k€102k▼
Taxes450/3€37k€69k▲
Remuneration and social security454/9€174k€33k▼
Other amounts payable47/48-€1.66M
Accrued charges and deferred income492/3€1.97M€1.90M▼
Income statement
Code20232024
Remuneration, social security and pensions62€2.08M€1.37M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€826k€900k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€437k€0▼
Other operating charges640/8€95k€0▼
Non-recurring operating charges66A€0-
Gross operating margin9900€1.28M€970k▼
Operating profit (loss)9901€-2.15M€-1.30M▲
Financial income75/76B€170k€0▼
Recurring financial income75€169k€0▼
Non-recurring financial income76B€468€0▼
Financial charges65/66B€53k€85k▲
Recurring financial charges65€51k€85k▲
Non-recurring financial charges66B€2k€0▼
Profit (loss) for the period before taxes9903€-2.04M€-1.38M▲
Income taxes67/77€3k€0▼
Profit (loss) for the period9904€-2.04M€-1.38M▲
Profit (loss) for the period to be appropriated9905€-2.04M€-1.38M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3.04M€-4.43M▼
Profit (loss) brought forward from the previous period14P€-1.00M€-3.04M▼
Transfer from equity791/2€0-
Social balance
Average headcount (FTE)908721.913.2▼
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 84 days late
2023
31-12
Financial
Weakest financial yearnet €-2.04M
Net result drops to €-2.04M, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2MEq €2.77M ▲713%
Equity rises from €341k to €2.77M.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €1MEq €1.10M ▲405%
Equity rises from €218k to €1.10M.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 38 days late
2019
31-12
Financial
Back to profitnet €79k
Net result €79k after one loss-making year.
31-12
Financial
Equity above €200kEq €218k
Equity rises from €-361k to €218k.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
18 acts for this company are 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, Gent · 1 establishment unit since 1999
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.
Poortakkerstraat 939051 GentGround area
2,147 m²
Building footprint
79 m²
Volume, LiDAR
137 m³
Parcel 44062A0120/00E000, Flanders · tallest building 3.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Poortakkerstraat 93, 9051 Gent
since 19992.092.532.302
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0120/00E000 | Flanders | 2,147 m² | 1 · 79 m² | 3.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 90,218 EUR awarded · 73,642 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 0 EUR |
| 2024 | 2 | 1,934 EUR | 31,934 EUR |
| 2023 | 3 | 11,499 EUR | 41,499 EUR |
| 2022 | 2 | 76,785 EUR | 209 EUR |
Schemes
Strategisch onderzoekscentrum ICON project (SOC-ICON)
Subsidies voor internationaal ondernemen
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Onderzoeksproject
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Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 4,761 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-08-1999
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
73200Market research and public opinion polling
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.