TRUSTCO
ActiveThe annual accounts of TRUSTCO for fiscal year 2025 show a net loss of 62% of total assets and of 78% of the equity at the start of that year. The 2025 annual accounts show equity of €199 and a net result of €-722. Equity is shrinking by ~24.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 23% of 7027 sector peers (fiscal year 2025). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency42▼-31
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
balance sheet total too small for a liquidity verdict.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Age of the figures
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7027 sector peers (2025).
NBB · sector comparisonPosition among 7027 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
26 d late
2023
28 d late
2022
28 d late
2021
29 d late
2020
27 d late
2019
81 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€199▼ 78.4%
2024 · €921
2018: €5k
2019: €4k
2020: €4k
2021: €3k
2022: €2k
2023: €2k
2024: €921
2018 → 2025
Total assets
€1k▼ 39.3%
2024 · €2k
2018: €7k
2019: €7k
2020: €7k
2021: €7k
2022: €7k
2023: €4k
2024: €2k
2018 → 2025
Net result
€-722▼ 3.8%
2024 · €-696
2018: €-441
2019: €-528
2020: €-559
2021: €-617
2022: €-631
2023: €-680
2024: €-696
2018 → 2025
Working capital
€-196
2024 · €526
2018: €4k
2019: €4k
2020: €3k
2021: €3k
2022: €2k
2023: €1k
2024: €526
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3k-€2k▼ 21.5%€2k▼ 29.6%€921▼ 43.0%€199▼ 78.4%
Operating result€-548-€-562▼ 2.6%€-611▼ 8.8%€-627▼ 2.5%€-653▼ 4.2%
Net result€-617-€-631▼ 2.3%€-680▼ 7.9%€-696▼ 2.2%€-722▼ 3.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €653 in 2025 against €627 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1k
Fixed assets
€395=
Current assets
€774▼ 49.4%
Equity and liabilities €1k
Equity
€199▼ 78.4%
Debt
€970▼ 3.4%
The debt ratio rises from 52.1% to 83.0%. Equity and debt are lower.
Key figures and ratios
Debt
€970▼
2024 · €1k
Debt ≤ 1 year
€970▼
2024 · €1k
Ratios withheld: a balance sheet total of €1k is too small for a meaningful ratio.
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€2k€1k▼
Fixed assets21/28€395€395=
Financial fixed assets28€395€395=
Current assets29/58€2k€774▼
Amounts receivable within one year40/41€2k€774▼
Other amounts receivable41€2k€774▼
Cash at bank and in hand54/58-€0
Equity and liabilities
Total equity and liabilities10/49€2k€1k▼
Equity10/15€921€199▼
Contributions10/11€20k€20k=
Reserves13€901€901=
Non-distributable reserves130/1€901€901=
Reserves not available under the articles1311€901€901=
Profit (loss) carried forward14€-20k€-21k▼
Amounts payable17/49€1k€970▼
Amounts payable within one year42/48€1k€970▼
Trade debts44€175€188▲
Suppliers440/4€175€188▲
Other amounts payable47/48€828€782▼
Income statement
Code20242025
Gross operating margin9900€-627€-653▼
Operating profit (loss)9901€-627€-653▼
Financial charges65/66B€69€69=
Recurring financial charges65€69€69=
Profit (loss) for the period before taxes9903€-696€-722▼
Profit (loss) for the period9904€-696€-722▼
Profit (loss) for the period to be appropriated9905€-696€-722▼
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-21k▼
Profit (loss) brought forward from the previous period14P€-19k€-20k▼
The notes to these accounts (4 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €-722
Net result drops to €-722, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 81 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1987
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.
Zuidlaan 25-271000 BrusselGround area
300 m²
Building footprint
269 m²
Volume, LiDAR
6,531 m³
Parcel 21810L2199/02G002, Brussels · tallest building 31.4 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Zuidlaan 25 2, 1000 Brussel
since 19872.030.482.786
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21810L2199/02G002 | Brussels | 300 m² | 1 · 269 m² | 31.4 m · 8 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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DORCO
BE 0434.213.075
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HOCALEX
BE 0765.616.842
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LEYS MEDIA
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Of 2,715 companies in sector 73200 we hold annual accounts for 1,785. 36 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded07-09-1987
Fiscal year end31-12
Activities, NACEBEL
73200Market research and public opinion polling
74131
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.