TRUSTTEAM
0477.005.418 · rovalta.com · 22/09/2026
ACTIVE
TRUSTTEAM
Financial year 2025 · closed on 31/12/2025
Net result
7,1 M €
+45.3% YoY
Revenue
37,5 M €
+18.9% YoY
Equity
12,6 M €
+20.3% YoY
Workforce
93,6 ETP
-3.0% YoY
Overview
What does TRUSTTEAM do?
TRUSTTEAM is a Public limited company incorporated in 2002. Its registered office is in Kortrijk. It employs on average 93,6 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0477.005.418
Incorporation
28/02/2002
Legal form
Public limited company
Registered office
Evolis(Kor) 78
8500 Kortrijk · FlandreSee on map
8500 Kortrijk · FlandreSee on map
Contributed capital
1 222 944,81 €
Latest accounts
31/12/2025
Average workforce
93,6 ETP
Joint committees (6)
- 100
- 10000
- 14904
- 200
- 20000
- 218
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2006 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Revenue | 37,5 M € | +18.9% | 31,5 M € | -1.1% | 31,9 M € | +6.5% | 29,9 M € | +25.1% | 23,9 M € | +6.8% | 22,4 M € | +0.7% | 22,2 M € | +28.1% | 17,3 M € | +18.4% | 14,6 M € | -1.1% | 14,8 M € | +8.9% | 13,6 M € | -10.3% | 15,2 M € | +15.6% | 13,1 M € | +25.3% | 10,5 M € | +10.8% | 9,4 M € | – | – | – | |||
| EBITDA | 11,5 M € | +22.7% | 9,4 M € | -12.0% | 10,7 M € | +19.9% | 8,9 M € | +7.1% | 8,3 M € | +7.6% | 7,7 M € | -0.9% | 7,8 M € | +31.3% | 6 M € | +23.3% | 4,8 M € | -6.0% | 5,1 M € | +37.8% | 3,7 M € | -6.6% | 4 M € | +2.6% | 3,9 M € | +58.9% | 2,5 M € | +2.9% | 2,4 M € | +44.6% | 1,6 M € | +29.5% | 1,3 M € | +254% | 359,2 k € |
| Operating result | 7,9 M € | +20.2% | 6,6 M € | -22.9% | 8,5 M € | +23.1% | 6,9 M € | +2.5% | 6,7 M € | +4.1% | 6,5 M € | +3.1% | 6,3 M € | +32.3% | 4,8 M € | +21.7% | 3,9 M € | -6.0% | 4,2 M € | +28.6% | 3,2 M € | -9.6% | 3,6 M € | +2.0% | 3,5 M € | +77.6% | 2 M € | -6.3% | 2,1 M € | +88.0% | 1,1 M € | +31.7% | 850,3 k € | +178% | 306 k € |
| Net result | 7,1 M € | +45.3% | 4,9 M € | -24.4% | 6,5 M € | +26.4% | 5,1 M € | -8.4% | 5,6 M € | -6.2% | 6 M € | +14.9% | 5,2 M € | +41.9% | 3,7 M € | +18.8% | 3,1 M € | -3.1% | 3,2 M € | +49.2% | 2,1 M € | -10.5% | 2,4 M € | +3.0% | 2,3 M € | +110% | 1,1 M € | -21.6% | 1,4 M € | +47.0% | 955,3 k € | +32.6% | 720,5 k € | +264% | 197,7 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 12,6 M € | +20.3% | 10,5 M € | +4.1% | 10,1 M € | +17.4% | 8,6 M € | +1.6% | 8,5 M € | +7.7% | 7,9 M € | +14.1% | 6,9 M € | +10.5% | 6,2 M € | -2.9% | 6,4 M € | -10.0% | 7,1 M € | +80.5% | 4 M € | +3.4% | 3,8 M € | +11.1% | 3,4 M € | +9.9% | 3,1 M € | -26.4% | 4,3 M € | +49.3% | 2,8 M € | +29.2% | 2,2 M € | +348% | 492 k € |
| Total assets | 69,9 M € | +41.4% | 49,5 M € | +10.7% | 44,7 M € | +25.2% | 35,7 M € | -12.2% | 40,6 M € | +18.1% | 34,4 M € | +23.4% | 27,9 M € | +38.2% | 20,2 M € | +10.3% | 18,3 M € | +15.8% | 15,8 M € | +3.0% | 15,3 M € | +28.2% | 12 M € | +0.6% | 11,9 M € | +25.4% | 9,5 M € | +28.6% | 7,4 M € | +42.8% | 5,2 M € | +19.1% | 4,3 M € | +353% | 955,6 k € |
| Cash | 4,7 M € | +361% | 1 M € | -63.2% | 2,8 M € | +16.6% | 2,4 M € | +47.0% | 1,6 M € | -65.4% | 4,6 M € | +23.5% | 3,8 M € | +245% | 1,1 M € | -18.2% | 1,3 M € | +242% | 389,2 k € | -67.8% | 1,2 M € | -59.5% | 3 M € | -39.1% | 4,9 M € | +18.8% | 4,1 M € | +595% | 594,4 k € | -51.2% | 1,2 M € | +257% | 340,9 k € | +308% | 83,6 k € |
| Debts | 56 M € | +52.3% | 36,8 M € | +12.1% | 32,8 M € | +30.3% | 25,2 M € | -17.7% | 30,6 M € | +21.5% | 25,2 M € | +28.2% | 19,6 M € | +46.7% | 13,4 M € | +17.0% | 11,4 M € | +38.0% | 8,3 M € | -25.1% | 11,1 M € | +42.1% | 7,8 M € | -2.5% | 8 M € | +35.1% | 5,9 M € | +98.3% | 3 M € | +37.5% | 2,2 M € | +5.0% | 2,1 M € | +382% | 429,2 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | 93,6 ETP | -3.0% | 96,5 ETP | +9.8% | 87,9 ETP | +2.9% | 85,4 ETP | +20.8% | 70,7 ETP | +5.5% | 67,0 ETP | -2.5% | 68,7 ETP | +19.9% | 57,3 ETP | +10.4% | 51,9 ETP | +1.4% | 51,2 ETP | -1.9% | 52,2 ETP | +5.5% | 49,5 ETP | +3.1% | 48,0 ETP | +6.2% | 45,2 ETP | +7.9% | 41,9 ETP | +15.4% | 36,3 ETP | +17.5% | 30,9 ETP | +531% | 4,9 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 50 M€ and 100 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 36 ended
Active mandates
Active
Active
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
ALPHA INVESTMENT SERVICES● Active | 0463.684.150 |
Green Hill I● Active | 0787.859.041 |
Green Hill Partners● Active | 0788.530.024 |
Trustteam Group● Active | 0787.918.132 |
T.T. HOLDINGS● Active | 0712.691.464 |
Financials
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 | 13/07/2026 | 18/07/2025 | 04/07/2024 | 29/06/2023 | 30/06/2022 | 05/07/2021 |
| General meeting | 30/06/2026 | 09/07/2025 | 07/06/2024 | 02/06/2023 | 03/06/2022 | 04/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 30/06/2026 | 13/07/2026 | Dutch | |
| Full model | 31/12/2024 | 09/07/2025 | 18/07/2025 | Dutch | |
| Full model | 31/12/2023 | 07/06/2024 | 04/07/2024 | Dutch | |
| Full model | 31/12/2022 | 02/06/2023 | 29/06/2023 | Dutch | |
| Full model | 31/12/2021 | 03/06/2022 | 30/06/2022 | Dutch | |
| Full model | 31/12/2020 | 04/06/2021 | 05/07/2021 | Dutch | |
| Full model | 31/12/2019 | 05/06/2020 | 03/07/2020 | Dutch | |
| Full model | 31/12/2018 | 07/06/2019 | 05/07/2019 | Dutch | |
| Full model | 31/12/2017 | 01/06/2018 | 14/06/2018 | Dutch | |
| Full model | 31/12/2016 | 30/06/2017 | 29/08/2017 | Dutch | |
| Full model | 31/12/2015 | 03/06/2016 | 25/08/2016 | Dutch | |
| Full model | 31/12/2014 | 30/06/2015 | 26/08/2015 | Dutch | |
| Full model | 31/12/2013 | 30/06/2014 | 24/07/2014 | Dutch | |
| Full model | 31/12/2012 | 30/06/2013 | 31/07/2013 | Dutch | |
| Full model | 31/12/2011 | 14/06/2012 | 13/07/2012 | Dutch | |
| Full model | 31/12/2010 | 18/08/2011 | 26/08/2011 | Dutch | |
| Abridged model | 31/12/2009 | 14/06/2010 | 14/07/2010 | Dutch | |
| Abridged model | 31/12/2008 | 22/06/2009 | 29/06/2009 | Dutch | |
| Abridged model | 31/12/2007 | 30/06/2008 | 02/07/2008 | Dutch | |
| Abridged model | 31/12/2006 | 01/06/2007 | 06/06/2007 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 36 ended
Active mandates
Active
Active
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates19/01/2026ONTSLAGEN - BENOEMINGEN
- Mandates24/10/2025ONTSLAGEN - BENOEMINGEN
- Mandates26/09/2024ONTSLAGEN - BENOEMINGEN
- Mandates18/07/2024ONTSLAGEN - BENOEMINGEN
- Restructuring01/08/2023KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring16/05/2023RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
- Mandates23/01/2023ONTSLAGEN - BENOEMINGEN
- Restructuring04/08/2022RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20257,1 M €↑
- 2024Annual accounts 20244,9 M €↓
- 2023Annual accounts 20236,5 M €↑
- 2022Annual accounts 20225,1 M €↓
- 2021Annual accounts 20215,6 M €↓
- 2020Annual accounts 20206 M €↑
- 2019Annual accounts 20195,2 M €↑
- 2017Annual accounts 20173,7 M €↑
- 2016Annual accounts 20163,1 M €↓
- 2015Annual accounts 20153,2 M €↑
- 2014Annual accounts 20142,1 M €↓
- 2013Annual accounts 20132,4 M €↑
- 2012Annual accounts 20122,3 M €↑
- 2011Annual accounts 20111,1 M €↓
- 2010Annual accounts 20101,4 M €↑
- 2009Annual accounts 2009955,3 k €↑
- 2008Annual accounts 2008720,5 k €↑
- 2008Name changeTRUSTTEAM
- 2006Annual accounts 2006197,7 k €
- 2006Name changeTRUST-IT
- 28/02/2002IncorporationPublic limited company