ACTIVE

TrustCapital

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Financial year 2025 · closed on 31/12/2025

Net result

6,8 M €

+400.9% YoY

Equity

78,7 M €

+9.4% YoY

What does TrustCapital do?

TrustCapital is a Public limited company incorporated in 1968. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0403.240.282

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Kapel ter Bede(Kor) 84
8500 Kortrijk · FlandreSee on map

Contributed capital

46 445 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	–		–		–		–		–		–		10 k €	0.0%	10 k €		–		–		–		–		–		–		–		–		–		–		102,5 k €	-51.1%	209,6 k €
EBITDA	-109,7 k €	-3.0%	-106,5 k €	+31.1%	-154,5 k €	-16.7%	-132,4 k €	-193%	-45,2 k €	-0.4%	-45,1 k €	-610%	-6,3 k €	-207%	5,9 k €	+109%	-64 k €	-1646%	-3,7 k €	+96.7%	-110,4 k €	-206%	-36,1 k €	+80.0%	-180,8 k €	-208%	-58,7 k €	-2.3%	-57,4 k €	+39.2%	-94,4 k €	-72.8%	-54,6 k €	+60.6%	-138,4 k €	-667%	24,4 k €	-84.7%	159,7 k €
Operating result	-109,7 k €	-3.0%	-106,5 k €	+31.1%	-154,5 k €	-16.7%	-132,4 k €	-193%	-45,2 k €	-0.4%	-45,1 k €	-610%	-6,3 k €	-207%	5,9 k €	+109%	-64 k €	-368%	-13,7 k €	+87.6%	-110,4 k €	-19.9%	-92,1 k €	+86.7%	-693,9 k €	+39.6%	-1,1 M €	-687%	-146 k €	+32.0%	-214,5 k €	+32.8%	-319,1 k €	-23.1%	-259,2 k €	-1937%	-12,7 k €	-109%	141,7 k €
Net result	6,8 M €	+401%	1,4 M €	+103%	667,1 k €	-93.8%	10,7 M €	+13.1%	9,4 M €	+16.3%	8,1 M €	+280%	2,1 M €	+183%	-2,6 M €	-169%	3,7 M €	+1469%	238,1 k €	-98.9%	21,5 M €	+14.3%	18,8 M €	+263%	5,2 M €	-20.2%	6,5 M €	+66.1%	3,9 M €	-2.6%	4 M €	+85.9%	2,2 M €	-22.4%	2,8 M €	+756%	324,8 k €	-97.9%	15,4 M €
Balance sheet
Equity	78,7 M €	+9.4%	71,9 M €	+1.9%	70,6 M €	+1.0%	69,9 M €	+12.4%	62,2 M €	+17.9%	52,8 M €	+1.2%	52,1 M €	-51.1%	106,6 M €	-30.6%	153,6 M €	+2.5%	149,9 M €	+0.2%	149,6 M €	+16.7%	128,2 M €	+17.2%	109,4 M €	+5.0%	104,2 M €	-10.7%	116,7 M €	+3.5%	112,8 M €	+3.7%	108,8 M €	+2.0%	106,7 M €	+2.7%	103,9 M €	+0.3%	103,6 M €
Total assets	132,7 M €	+8.6%	122,2 M €	+7.9%	113,2 M €	+9.8%	103 M €	-14.0%	119,8 M €	+16.9%	102,5 M €	+8.4%	94,6 M €	-39.1%	155,3 M €	-30.0%	221,9 M €	+48.0%	149,9 M €	+0.0%	149,9 M €	+16.9%	128,2 M €	+12.0%	114,4 M €	-7.2%	123,3 M €	+5.5%	116,8 M €	+3.5%	112,9 M €	+3.7%	108,9 M €	+2.0%	106,7 M €	+2.7%	103,9 M €	-0.1%	104 M €
Cash	483,9 k €	+33.1%	363,7 k €	-47.0%	686,4 k €	+161%	262,8 k €	-89.4%	2,5 M €	+34.3%	1,9 M €	+323574%	573 €	+3271%	17 €	-76.7%	73 €	+73.8%	42 €	+121%	19 €	-85.7%	133 €	-30.0%	190 €	+476%	33 €	-10.8%	37 €	-22.9%	48 €	-18.6%	59 €	+638%	8 €	-98.1%	413 €	-14.8%	485 €
Debts	54 M €	+8.0%	50 M €	+17.6%	42,5 M €	+28.8%	33 M €	-42.6%	57,5 M €	+15.6%	49,8 M €	+17.4%	42,4 M €	-13.1%	48,7 M €	-28.7%	68,3 M €	+342309%	19,9 k €	-91.2%	225,6 k €	+651%	30,1 k €	-99.4%	5 M €	-73.6%	19 M €	+32543%	58,4 k €	+27.6%	45,7 k €	+27.1%	36 k €	+15.8%	31,1 k €	0.0%	31,1 k €	-92.8%	434,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 40 ended

Active mandates

Hilde Famaey

Director · since 27 mars 2024 · until 19 juin 2029

Active

Hilde Famaey

Managing director · since 27 mars 2024 · until 19 juin 2029

Active

Stéphane Vlaemminck

Director · since 27 mars 2024 · until 19 juin 2029

Active

Christian Dumolin

Chairman of the board of directors · since 27 mai 1998 · until 20 juin 2028

Active

Christian Dumolin

Director · since 27 mai 1998 · until 20 juin 2028

Active

Christian Dumolin

Managing director · since 27 mai 1998 · until 20 juin 2028

Active

Ended mandates

Agolis

Director · since 20 juin 2023 · until 27 mars 2024 · 0799.345.722

Represented by Stéphane Vlaemminck

Ended

Agolis

Director · since 20 juin 2023 · until 26 mars 2024 · 0799.345.722

Represented by Stéphane VLAEMMINCK

Ended

IDAIA

Managing director · since 09 janvier 2023 · until 27 mars 2024 · 0884.081.853

Represented by Hilde Famaey

Ended

Christian DUMOLIN

Chairman of the board of directors · since 21 juin 2022 · until 20 juin 2028

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2026	24/06/2025	20/06/2024	26/06/2023	29/06/2022	30/06/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	16/06/2026	30/06/2026	Dutch	PDF
Full model	31/12/2024	17/06/2025	24/06/2025	Dutch	PDF
Full model	31/12/2023	18/06/2024	20/06/2024	Dutch	PDF
Full model	31/12/2022	20/06/2023	26/06/2023	Dutch	PDF
Full model	31/12/2021	21/06/2022	29/06/2022	Dutch	PDF
Full model	31/12/2020	15/06/2021	30/06/2021	Dutch	PDF
Full model	31/12/2019	16/06/2020	23/06/2020	Dutch	PDF
Full model	31/12/2018	18/06/2019	18/06/2019	Dutch	PDF
Full model	31/12/2017	19/06/2018	27/06/2018	Dutch	PDF
Full model	31/12/2016	20/06/2017	06/07/2017	Dutch	PDF
Full model	31/12/2015	21/06/2016	04/07/2016	Dutch	PDF
Full model	31/12/2014	16/06/2015	23/06/2015	Dutch	PDF
Full model	31/12/2013	17/06/2014	30/06/2014	Dutch	PDF
Full model	31/12/2012	18/06/2013	16/07/2013	Dutch	PDF
Full model	31/12/2011	19/06/2012	12/07/2012	Dutch	PDF
Full model	31/12/2010	21/06/2011	27/06/2011	Dutch	PDF
Full model	31/12/2009	15/06/2010	01/07/2010	Dutch	PDF
Full model	31/12/2008	16/06/2009	01/07/2009	Dutch	PDF
Full model	31/12/2007	17/06/2008	16/07/2008	Dutch	PDF
Full model	31/12/2006	19/06/2007	09/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 40 ended

Active mandates

Hilde Famaey

Director · since 27 mars 2024 · until 19 juin 2029

Active

Hilde Famaey

Managing director · since 27 mars 2024 · until 19 juin 2029

Active

Stéphane Vlaemminck

Director · since 27 mars 2024 · until 19 juin 2029

Active

Christian Dumolin

Chairman of the board of directors · since 27 mai 1998 · until 20 juin 2028

Active

Christian Dumolin

Director · since 27 mai 1998 · until 20 juin 2028

Active

Christian Dumolin

Managing director · since 27 mai 1998 · until 20 juin 2028

Active

Ended mandates

Agolis

Director · since 20 juin 2023 · until 27 mars 2024 · 0799.345.722

Represented by Stéphane Vlaemminck

Ended

Agolis

Director · since 20 juin 2023 · until 26 mars 2024 · 0799.345.722

Represented by Stéphane VLAEMMINCK

Ended

IDAIA

Managing director · since 09 janvier 2023 · until 27 mars 2024 · 0884.081.853

Represented by Hilde Famaey

Ended

Christian DUMOLIN

Chairman of the board of directors · since 21 juin 2022 · until 20 juin 2028

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/09/2019
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20256,8 M €↑
17/06/2025
reconductionBoes & Verrue Bedrijfsrevisoren BV — commissaris
2024
Annual accounts 20241,4 M €↑
2023
Annual accounts 2023667,1 k €↓
20/06/2023
nominationAgolis BV — bestuurder
09/01/2023
nominationIdaia BV — gedelegeerd bestuurder
2022
Annual accounts 202210,7 M €↑
21/06/2022
reconductionChristian Dumolin — bestuurder
21/06/2022
reconductionIdaia BV — bestuurder
21/06/2022
reconductionBoes Joseph-Michel Bedrijfsrevisor BV — commissaris
04/01/2022
nominationSpeechCorner VOF — bestuurder
2021
Annual accounts 20219,4 M €↑
2020
Annual accounts 20208,1 M €↑
2019
Annual accounts 20192,1 M €↑
2018
Annual accounts 2018-2,6 M €↓
2017
Annual accounts 20173,7 M €↑
2016
Annual accounts 2016238,1 k €↓
2015
Annual accounts 201521,5 M €↑
2014
Annual accounts 201418,8 M €↑
2013
Annual accounts 20135,2 M €↓
2012
Annual accounts 20126,5 M €↑
2011
Annual accounts 20113,9 M €↓
2010
Annual accounts 20104 M €↑
2009
Annual accounts 20092,2 M €↓
2008
Annual accounts 20082,8 M €↑
2007
Annual accounts 2007324,8 k €↓
2006
Annual accounts 200615,4 M €
01/01/1968
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

TrustCapital

Overview

What does TrustCapital do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline