TrustCapital

Active

Public limited companyfounded 196858 yrs activeKapel ter Bede(Kor) 84, 8500 Kortrijk, BelgiumKBO/BCE: BE 0403.240.282

Summary

TrustCapital has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78.7m and a net result of €6.8m. Equity is growing by ~5.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysisWatch Report Compare

TrustCapitalActiveChecked score 81/100

Risk analysis Report Compare

Activity

Activity not known1 site

Size

€132.7mtotal assets 2025

Equity: €78.7m
Profit: €6.8m

Financial health

81 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.5%

Structure

Parent: KORAMIC INVESTMENTS · 100%
Holdings: 7

Accounts 31 d early0 of 22 deeds read

Why 81- Figures for FY 2024 (filed 25-06-2025)- Liquidity: current ratio 31.88, cash €363,684+ Size: total assets €122.2m+ Equity €71.9m (58.9% of total assets)Show the evidence

Checked score

Score 2025

81 / 100

Excellent

Probability in this band: under 0.55%

Better than 49% of its sector peers (no NACE code, large)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Strong

Solvency 84=

equity 59.3% of total assets

Liquidity 50=

short-term debt 0.0% · cash 0.4%

Profitability 50+10

return on assets 5.1%

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 14 months 09-2025: 0.1%lowest value 10-2025: 0.1%● 0.0% vs 09-2025lowest value 11-2025: 0.1%● 0.0% vs 10-2025lowest value 12-2025: 0.1%● 0.0% vs 11-2025lowest value 01-2026: 0.1%● 0.0% vs 12-2025lowest value 02-2026: 0.1%● 0.0% vs 01-2026lowest value 03-2026: 0.1%▲ +1.3% vs 02-2026 04-2026: 0.1%● 0.0% vs 03-2026 05-2026: 0.1%▲ +3.9% vs 04-2026 06-2026: 0.1%▼ -1.3% vs 05-2026 07-2026: 0.1%▲ +10.3% vs 06-2026 08-2026: 0.2%▲ +140% vs 07-2026 09-2026: 0.3%▲ +30.6% vs 08-2026 10-2026: 0.5%▲ +101% vs 09-2026highest value

Figures for FY 2024 (filed 25-06-2025) raises the probability
Size: total assets €122.2m lowers the probability for this profile
Liquidity: current ratio 31.88, cash €363,684 raises the probability
Equity €71.9m (58.9% of total assets) lowers the probability

Credit up to €6,350,000 at 30 days acceptable

Liquidity ample (current ratio 33.8 against 31.88 in 2024; short-term debt: 0% and cash: 0.4% of total assets), and 40.7% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, large). Better than this share of them on solvency 26%, liquidity 59%, profitability 59%, growth against the median 52%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Figures for FY 2024 (filed 25-06-2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Size: total assets €122.2m

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Liquidity: current ratio 31.88, cash €363,684

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Equity €71.9m (58.9% of total assets)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

31 d early

2024

37 d early

2023

41 d early

2022

35 d early

2021

32 d early

2020

31 d early

2019

38 d early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 7 accounts on average 35 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)

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. Usually files around 26 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

02-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

30-06-26 Annual accounts filedfiscal year 2025 · full…
24-06-25 Annual accounts filedfiscal year 2024 · full…
20-06-24 Annual accounts filedfiscal year 2023 · full…

Key points

Positive: Result rose in 2025from €1.4m to €6.8m ▲ 401% View
Positive: Always filed on timeaccounts within the deadline every year 8 years View
Controlled by KORAMIC INVESTMENTS 100% View
Positive: 7 profitable years in a rowprofit 2025: €6.8m 7 years View
Active since 1968founded 01-01-1968 58 years View