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TRUSTCONSULT BELGIUM

Active
Public limited companyfounded 2007active for 19 yearsVorstlaan 398, 1160 Oudergem, Belgium31 active companies are registered at this addressKBO/BCE: BE 0889.428.236
Summary

The computed 12-month bankruptcy probability of TRUSTCONSULT BELGIUM is 3.7% (moderate). The 2024 annual accounts show negative equity (-€251,338) and a net result of €51,236. Equity is shrinking by about 2.7% per year across the filed financial years. Its solvency ranks better than 5% of 4,583 sector peers (NACE 70, financial year 2024). The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Business and other management consultancy
NACE 70200
1 site
Size
€459,835total assets 2024
Equity
-€251,338
Profit
€51,236
Financial health
47 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.7%
Structure
Parent
TRUSTCONSULT Group SA
Accounts 82 days overdue1 of 8 deeds read
Why 47raises riskLiquidity: current ratio 0.65, cash €196, halved1 change of registered office in 24 monthsFigures for financial year 2024 (filed 07-10-2025)lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2024
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 11% of its sector peers (NACE 70, micro)
Financial strength · tick = 2022
Weak
Solvency 0=
equity -54.7% of total assets
Liquidity 0-4
short-term debt 154.5% · cash 0.0%
Profitability 65+51
return on assets 11.1%
Bankruptcy probability, 12 months
3.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,384 companies, NACE 70, micro)
Last 24 months 11-2024: 1.2% 12-2024: 1.6%▲ +0.4 percentage points vs 11-2024 01-2025: 2.6%▲ +1.0 percentage point vs 12-2024 02-2025: 2.6%● unchanged vs 01-2025 03-2025: 2.8%▲ +0.2 percentage points vs 02-2025 04-2025: 2.5%▼ -0.3 percentage points vs 03-2025 05-2025: 2.5%● unchanged vs 04-2025 06-2025: 2.5%● unchanged vs 05-2025 07-2025: 2.5%● unchanged vs 06-2025 08-2025: 3.7%▲ +1.2 percentage points vs 07-2025 09-2025: 3.7%● unchanged vs 08-2025 10-2025: 4.5%▲ +0.8 percentage points vs 09-2025highest value 11-2025: 0.9%▼ -3.6 percentage points vs 10-2025lowest value 12-2025: 2.3%▲ +1.4 percentage points vs 11-2025 01-2026: 2.3%● unchanged vs 12-2025 02-2026: 2.4%▲ +0.1 percentage points vs 01-2026 03-2026: 2.4%● unchanged vs 02-2026 04-2026: 2.3%▼ -0.1 percentage points vs 03-2026 05-2026: 2.2%▼ -0.1 percentage points vs 04-2026 06-2026: 2.1%▼ -0.1 percentage points vs 05-2026 07-2026: 2.1%● unchanged vs 06-2026 08-2026: 2.6%▲ +0.5 percentage points vs 07-2026 09-2026: 3.0%▲ +0.4 percentage points vs 08-2026 10-2026: 3.7%▲ +0.7 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.65, compared with 0.63 in 2022, below 1; short-term debt: 154.5% and cash: 0% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 70, micro): better than 3% on solvency, 1% on liquidity and 29% on profitability.

The bankruptcy probability was computed on 20-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.65, cash €196, halved
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Figures for financial year 2024 (filed 07-10-2025)
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 4583 sector peers (2024).
NBB · sector comparison
Position among 4583 sector peers
Solvency
better than 5%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 82 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline21-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
61 days late
2022
30 days late
2021
30 days late
2020
31 days late
2019
91 days late
2018
30 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 46 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Judicial dissolution, liquidator appointedFrench-language Enterprise Court of Brussels…
  2. Judicial dissolution, liquidator appointedFrench-language Enterprise Court of Brussels…
  3. Judicial dissolution, liquidator appointedFrench-language Enterprise Court of Brussels…

Key points

  • Risk: Negative equityfinancial year 2024: debts exceed assets -€251,338 View
  • Caution: Among the weakest 5% on solvencysector median 48.9% · 4,583 companies -54.7% View
  • Caution: Accounts not fileddeadline was 31-07-2026 82 days late View
  • Controlled by TRUSTCONSULT Group SA parent View

By topic

Financials

Financial year
2024
Total assets
€459,835
Profit
€51,236
Solvency
-54.7%
Total assets▲ 30.4%
Net result
20182024
Go to Financials

Board & ownership

Board
2 members
Parent
TRUSTCONSULT Group SA
  • Christian BÛHLMANNManaging director
  • Damien DUCOBUDirector
Go to Board & ownership

Timeline

Events
22
Since
2009
  1. 03-11-2025Reappointments: Christian BÛHLMANN (director) and Damien DUCOBU…
  2. 30-09-2025Annual accounts filed
  3. 31-12-2024Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Business and other management consultancyNACE 70200
Founded
14-05-2007
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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