TRUSTOR
ActiveSummary
TRUSTOR has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66k and a net result of €20k. Equity is growing by ~20.6% per year across the filed fiscal years. Its solvency ranks better than 37% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+9
Solvency67▲+4
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.31 in 2024; short-term debt: 32.7% and cash: 29.3% of total assets), and 58% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42%
Return on assets
12.8%
Age of the figures
9 mo
neutral · 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 · 4 filingsDeviation from the deadline
2025
31 d early
2024
31 d early
2023
19 d early
2022
12 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€66k▲ 0.3%
2024 · €66k
2022: €19klowest in 4 years
2023: €56k▲ +195% vs 2022
2024: €66k▲ +17.0% vs 2023
2025: €66k▲ +0.3% vs 2024highest in 4 years
2022 → 2025
Total assets
€158k▼ 8.9%
2024 · €173k
2022: €70klowest in 4 years
2023: €159k▲ +127% vs 2022
2024: €173k▲ +8.7% vs 2023highest in 4 years
2025: €158k▼ -8.9% vs 2024
2022 → 2025
Net result
€20k▲ 93.0%
2024 · €10k
2022: €17k
2023: €38k▲ +125% vs 2022highest in 4 years
2024: €10k▼ -72.6% vs 2023lowest in 4 years
2025: €20k▲ +93.0% vs 2024
2022 → 2025
Working capital
€14k▼ 5.0%
2024 · €14k
2022: €129lowest in 4 years
2023: €18k▲ +13642% vs 2022highest in 4 years
2024: €14k▼ -18.1% vs 2023
2025: €14k▼ -5.0% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€19k-€56k▲ 195%€66k▲ 17.0%€66k▲ 0.3%
2022: €19klowest in 4 years
2023: €56k▲ +195% vs 2022
2024: €66k▲ +17.0% vs 2023
2025: €66k▲ +0.3% vs 2024highest in 4 years
Operating result€24k-€54k▲ 129%€22k▼ 60.2%€32k▲ 48.5%
2022: €24k
2023: €54k▲ +129% vs 2022highest in 4 years
2024: €22k▼ -60.2% vs 2023lowest in 4 years
2025: €32k▲ +48.5% vs 2024
Net result€17k-€38k▲ 125%€10k▼ 72.6%€20k▲ 93.0%
2022: €17k
2023: €38k▲ +125% vs 2022highest in 4 years
2024: €10k▼ -72.6% vs 2023lowest in 4 years
2025: €20k▲ +93.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 49% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €158k
Fixed assets
€92k ▼ 17.7%
Current assets
€65k ▲ 7.4%
Equity and liabilities €158k
Equity
€66k ▲ 0.3%
Debt
€91k ▼ 14.5%
Debt's share of the balance-sheet total falls from 61.8% to 58.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€53k▲
2024 · €40k
Cash flow
€41k▲
2024 · €29k
Current ratio
1.27▼
2024 · 1.31
Debt to equity
1.38▼
2024 · 1.62
ROE
30.4%▲
2024 · 15.8%
ROA
12.8%▲
2024 · 6.0%
Interest coverage
12.31▲
2024 · 6.87
Debt ≤ 1 year
€52k▲
2024 · €46k
Debt > 1 year
€39k▼
2024 · €58k
Income taxes
€8k▲
2024 · €6k
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 · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€173k€158k▼
Fixed assets21/28€112k€92k▼
Tangible fixed assets22/27€112k€92k▼
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€52k€40k▼
Other tangible fixed assets26€56k€49k▼
Current assets29/58€61k€65k▲
Amounts receivable within one year40/41€11k€17k▲
Trade receivables40€10k€17k▲
Other amounts receivable41€409€32▼
Current investments50/53€20k€0▼
Cash at bank and in hand54/58€29k€46k▲
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€173k€158k▼
Equity10/15€66k€66k▲
Contributions10/11€3k€3k=
Reserves13€63k€63k▲
Distributable reserves133€63k€63k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€107k€91k▼
Amounts payable after more than one year17€58k€39k▼
Financial debts170/4€58k€39k▼
Amounts payable within one year42/48€46k€52k▲
Current portion of amounts payable after more than one year42€19k€19k▲
Trade debts44€781€6k▲
Suppliers440/4€781€6k▲
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€6k€5k▼
Other amounts payable47/48€21k€22k▲
Accrued charges and deferred income492/3€3k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€25€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€21k▲
Other operating charges640/8€876€1k▲
Gross operating margin9900€41k€54k▲
Operating profit (loss)9901€22k€32k▲
Financial income75/76B€279€573▲
Recurring financial income75€279€573▲
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€16k€28k▲
Income taxes67/77€6k€8k▲
Profit (loss) for the period9904€10k€20k▲
Profit (loss) for the period to be appropriated9905€10k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€20k▲
Transfer to equity691/2€10k€172▼
To other reserves6921€10k€172▼
Profit to be distributed694/7€859€20k▲
Return on contributions (dividend)694€859€20k▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €25 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €11k | €18k | €21k | ▲ 13.1% |
| Other operating charges640/8 | €151 | €386 | €876 | €1k | ▲ 42.1% |
| Gross operating margin9900 | €26k | €66k | €41k | €54k | ▲ 32.5% |
| Operating profit (loss)9901 | €24k | €54k | €22k | €32k | ▲ 48.5% |
| Financial income75/76B | €0 | €109 | €279 | €573 | ▲ 106% |
| Recurring financial income75 | €0 | €109 | €279 | €573 | ▲ 106% |
| Financial charges65/66B | €26 | €2k | €6k | €4k | ▼ 26.1% |
| Recurring financial charges65 | €26 | €2k | €6k | €4k | ▼ 26.1% |
| Profit (loss) for the period before taxes9903 | €24k | €52k | €16k | €28k | ▲ 76.4% |
| Income taxes67/77 | €7k | €14k | €6k | €8k | ▲ 45.7% |
| Profit (loss) for the period9904 | €17k | €38k | €10k | €20k | ▲ 93.0% |
| Profit (loss) for the period to be appropriated9905 | €17k | €38k | €10k | €20k | ▲ 93.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €70k | €159k | €173k | €158k | ▼ 8.9% |
| Fixed assets21/28 | €48k | €94k | €112k | €92k | ▼ 17.7% |
| Tangible fixed assets22/27 | €48k | €94k | €112k | €92k | ▼ 17.7% |
| Plant, machinery and equipment23 | €4k | €4k | €4k | €4k | ▼ 12.2% |
| Furniture and vehicles24 | €40k | €33k | €52k | €40k | ▼ 23.3% |
| Other tangible fixed assets26 | €4k | €57k | €56k | €49k | ▼ 12.9% |
| Current assets29/58 | €22k | €65k | €61k | €65k | ▲ 7.4% |
| Amounts receivable within one year40/41 | €3k | €6k | €11k | €17k | ▲ 55.9% |
| Trade receivables40 | €3k | €3k | €10k | €17k | ▲ 61.8% |
| Other amounts receivable41 | - | €2k | €409 | €32 | ▼ 92.2% |
| Current investments50/53 | - | €14k | €20k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €19k | €44k | €29k | €46k | ▲ 59.9% |
| Deferred charges and accrued income490/1 | - | €2k | €1k | €3k | ▲ 97.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €70k | €159k | €173k | €158k | ▼ 8.9% |
| Equity10/15 | €19k | €56k | €66k | €66k | ▲ 0.3% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Reserves13 | €16k | €53k | €63k | €63k | ▲ 0.3% |
| Distributable reserves133 | €16k | €53k | €63k | €63k | ▲ 0.3% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €51k | €103k | €107k | €91k | ▼ 14.5% |
| Amounts payable after more than one year17 | €28k | €55k | €58k | €39k | ▼ 33.4% |
| Financial debts170/4 | €28k | €55k | €58k | €39k | ▼ 33.4% |
| Amounts payable within one year42/48 | €22k | €48k | €46k | €52k | ▲ 11.3% |
| Current portion of amounts payable after more than one year42 | €7k | €16k | €19k | €19k | ▲ 4.0% |
| Trade debts44 | €3k | €1k | €781 | €6k | ▲ 625% |
| Suppliers440/4 | €3k | €1k | €781 | €6k | ▲ 625% |
| Taxes, remuneration and social security45 | €11k | €12k | €6k | €5k | ▼ 19.6% |
| Taxes450/3 | €11k | €12k | €6k | €5k | ▼ 19.6% |
| Other amounts payable47/48 | €1k | €19k | €21k | €22k | ▲ 3.6% |
| Accrued charges and deferred income492/3 | €264 | €160 | €3k | €1k | ▼ 52.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €38k | €10k | €20k | ▲ 93.0% |
| + Depreciation and write-downs630 | €3k | €11k | €18k | €21k | ▲ 13.1% |
| Operating cash flow (approximation) | €19k | €49k | €29k | €41k | ▲ 42.2% |
| Investment in fixed assets (approximation) | - | €-57k | €-37k | €-756 | ▲ 97.9% |
| Change in cash | - | €24k | €-15k | €17k | ▲ 217% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €10k ▼72.6%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €38k ▲125%
Operating result €54k, net result €38k, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Roeselare · 1 establishment unit since 2022
Ground area
696 m²
Building footprint
127 m²
Volume, LiDAR
649 m³
Parcel 36017D0107/00F000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TRUSTOR
since 20222.335.434.653
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017D0107/00F000 | Flanders | 696 m² | 1 · 127 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
2025 · 1 entry · 119 EUR awarded · 119 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 119 EUR | 119 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,762 companies in sector 69109 we hold annual accounts for 1,208. 936 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
69109Other legal services
Contact
E-mail
info@trustor.beRoeselare
Scores and ratios are computed by Checked and are not a credit decision.