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TrustCore

Active
Private limited companyfounded 201411 yrs activeLusthoflaan 119, 9030 Gent, BelgiumKBO/BCE: BE 0506.884.188

TrustCore has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37k and a net result of €94k. Equity is shrinking by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 16% of 16942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
79 / 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency37▼-5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.6 against 1.99 in 2024; short-term debt: 42.9% and cash: 49.3% of total assets), but 87.6% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
12.4%
Return on assets
31.3%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 11 years 0 20 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 16942 sector peers (2025).
NBB · sector comparison
Position among 16942 sector peers
Solvency
better than 16%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-12-2025, 143 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
143 d early
2024
160 d early
2023
169 d early
2022
160 d early
2021
143 d early
2020
127 d early
2019
112 d early
← before the deadline after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · 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

Financials · fiscal year 2025, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Turnover
€0
Total assets
€301k▲ 2.2%
2024 · €294k
2018: €383k 2019: €355k 2020: €345k 2021: €354k 2022: €319k 2023: €311k 2024: €294k
2018 → 2025
Net result
€94k▲ 28.3%
2024 · €73k
2018: €36k 2019: €59k 2020: €71k 2021: €80k 2022: €56k 2023: €79k 2024: €73k
2018 → 2025
Working capital
€77k▼ 19.3%
2024 · €96k
2018: €107k 2019: €60k 2020: €67k 2021: €94k 2022: €76k 2023: €74k 2024: €96k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€62k-€39k▼ 36.8%€39k=€51k▲ 30.6%€37k▼ 27.1%
Operating result€104k-€75k▼ 28.2%€103k▲ 37.3%€97k▼ 6.0%€115k▲ 18.6%
Net result€80k-€56k▼ 30.7%€79k▲ 42.8%€73k▼ 7.5%€94k▲ 28.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50k€100kOperating result 2021: €104k€104kNet result 2021: €80k€80kOperating result 2022: €75k€75kNet result 2022: €56k€56kOperating result 2023: €103k€103kNet result 2023: €79k€79kOperating result 2024: €97k€97kNet result 2024: €73k€73kOperating result 2025: €115k€115kNet result 2025: €94k€94k20212022202320242025
The operating result recovers in 2025; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €301k
Fixed assets €95k▼ 7.3%
Current assets €206k▲ 7.3%
Equity and liabilities €301k
Equity €37k▼ 27.1%
Debt €264k▲ 8.4%
The debt ratio rises from 82.6% to 87.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€133k
2024 · €121k
Cash flow
€113k
2024 · €98k
Solvency
12.4%
2024 · 17.4%
Current ratio
1.60
2024 · 1.99
Quick ratio
1.60
2024 · 1.99
Debt / equity
7.06
2024 · 4.75
ROE
251.9%
2024 · 143.2%
ROA
31.3%
2024 · 24.9%
Interest coverage
34.72
2024 · 30.75
Debt
€264k
2024 · €243k
Debt ≤ 1 year
€129k
2024 · €96k
Debt > 1 year
€132k
2024 · €144k
Income taxes
€24k
2024 · €20k
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€294k€301k
Fixed assets21/28€102k€95k
Tangible fixed assets22/27€102k€94k
Land and buildings22€83k€70k
Plant, machinery and equipment23€16k€14k
Furniture and vehicles24€2k€11k
Financial fixed assets28€500€500=
Current assets29/58€192k€206k
Amounts receivable within one year40/41€33k€14k
Trade receivables40€33k€13k
Other amounts receivable41-€600
Current investments50/53€45k€40k
Cash at bank and in hand54/58€111k€148k
Deferred charges and accrued income490/1€3k€4k
Equity and liabilities
Total equity and liabilities10/49€294k€301k
Equity10/15€51k€37k
Contributions10/11€19k€19k=
Reserves13€33k€19k
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€19k€19k=
Distributable reserves133€14k€0
Profit (loss) carried forward14€0€0=
Amounts payable17/49€243k€264k
Amounts payable after more than one year17€144k€132k
Financial debts170/4€144k€132k
Amounts payable within one year42/48€96k€129k
Current portion of amounts payable after more than one year42€13k€13k
Trade debts44€7k€6k
Suppliers440/4€7k€6k
Taxes, remuneration and social security45€16k€14k
Taxes450/3€16k€14k
Other amounts payable47/48€61k€96k
Accrued charges and deferred income492/3€2k€3k
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€18k
Other operating charges640/8€3k€3k
Gross operating margin9900€124k€136k
Operating profit (loss)9901€97k€115k
Financial income75/76B€291€7k
Recurring financial income75€291€7k
Financial charges65/66B€4k€4k
Recurring financial charges65€4k€4k
Profit (loss) for the period before taxes9903€93k€118k
Income taxes67/77€20k€24k
Profit (loss) for the period9904€73k€94k
Profit (loss) for the period to be appropriated9905€73k€94k
Appropriation of the result
Profit (loss) to be appropriated9906€73k€94k
Transfer from equity791/2-€14k
Transfer to equity691/2€12k€0
To other reserves6921€12k€0
Profit to be distributed694/7€61k€108k
Return on contributions (dividend)694€61k€108k

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2025
08-12
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
30-09
Financial Highest result since 2018net €94k ▲28.3%
Operating result €115k, net result €94k, both a record.
2024
21-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2023
13-11
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2022
21-11
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
08-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2020
24-12
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
09-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
29-01
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
12-03
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
16-02
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
3 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 2014
establishment The establishment unit on the map
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.

Lusthoflaan 1199030 Gent
Ground area
305 m²
Building footprint
109 m²
Volume, LiDAR
819 m³
Parcel 44038A0348/00L003, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TrustCore
Lusthoflaan 119, 9030 GentIT consultancy
since 20142.238.796.325
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44038A0348/00L003 Flanders 305 m² 1 · 109 m² 10.7 m · 3 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.

Similar companies · same sector, comparable size

Of 16,868 companies in sector 62100 we hold annual accounts for 8,779. 6,599 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded04-12-2014
Fiscal year end30-09
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
62020IT consultancy
62200Computer consultancy and computer facilities management
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

3 entries
Enterprise
E-mail:evanzuuren@trustcore.eu
Enterprise
Phone:+32475200041
Enterprise