ACTIVE

TRUSTTEAM

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Financial year 2025 · Closed on 31/12/2025

Net result7,1 M €+45,3 %over 1 year

Revenue37,5 M €+18,9 %over 1 year

Equity12,6 M €+20,3 %over 1 year

Workforce93,6 ETP-3,0 %over 1 year

Identity

Source · BCE/KBO

TRUSTTEAM is a Public limited company incorporated in 2002. Its main activity is: Wholesale of information and communication equipment. 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
Contributed capital: 1 222 944,81 €
Latest accounts: 31/12/2025
Average workforce: 93,6 ETP

Activities (NACE)

46500Wholesale of information and communication equipment· main 46660Wholesale of other office machinery and equipment 51850Air transport 62010Computer programming activities 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities+15

Joint committees (6)

100
10000
14904
200
20000
218

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
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 €
EBITDA	11,5 M €	+22.7%	9,4 M €	-12.0%	10,7 M €	+19.9%	8,9 M €	+7.1%	8,3 M €
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 €
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 €
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 €
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 €
Cash	4,7 M €	+361%	1 M €	-63.2%	2,8 M €	+16.6%	2,4 M €	+47.0%	1,6 M €
Debts	56 M €	+52.3%	36,8 M €	+12.1%	32,8 M €	+30.3%	25,2 M €	-17.7%	30,6 M €
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

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
T.T. HOLDINGS0712.691.464Represented by Erwin DEBAERE	Director31/10/2018 → 02/06/2028
Trustteam Group0787.918.132Represented by VANDEPUTTE Stijn	Director01/01/2023 → 02/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Green Forest0565.970.848Represented by Pieter SPIESSCHAERT	Managing director01/01/2019 → 2021 accounts
CALCOR BVBA0459.508.992Represented by Patrick-Paul CORNETTE	Director06/11/2011 → 2017 accounts
GREEN LEAF NV0840.125.314Represented by Stijn VANDEPUTTE	Managing director30/06/2017 → 2017 accounts

Other companies at this address

Evolis(Kor) 78 8500 Kortrijk

Company	CBE no.
ALPHA INVESTMENT SERVICES● Active	0463.684.150
Georges Eugène Haussmann● Active	1044.222.519
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

Full financial information

Source · NBB

	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	13/07/2026	Dutch	PDF
Full model	31/12/2024	09/07/2025	18/07/2025	Dutch	PDF
Full model	31/12/2023	07/06/2024	04/07/2024	Dutch	PDF
Full model	31/12/2022	02/06/2023	29/06/2023	Dutch	PDF
Full model	31/12/2021	03/06/2022	30/06/2022	Dutch	PDF
Full model	31/12/2020	04/06/2021	05/07/2021	Dutch	PDF
Full model	31/12/2019	05/06/2020	03/07/2020	Dutch	PDF
Full model	31/12/2018	07/06/2019	05/07/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	14/06/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	29/08/2017	Dutch	PDF
Full model	31/12/2015	03/06/2016	25/08/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	26/08/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	24/07/2014	Dutch	PDF
Full model	31/12/2012	30/06/2013	31/07/2013	Dutch	PDF
Full model	31/12/2011	14/06/2012	13/07/2012	Dutch	PDF
Full model	31/12/2010	18/08/2011	26/08/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	14/07/2010	Dutch	PDF
Abridged model	31/12/2008	22/06/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	02/07/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	06/06/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
T.T. HOLDINGS0712.691.464Represented by Erwin DEBAERE	Director31/10/2018 → 02/06/2028
Trustteam Group0787.918.132Represented by VANDEPUTTE Stijn	Director01/01/2023 → 02/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Green Forest0565.970.848Represented by Pieter SPIESSCHAERT	Managing director01/01/2019 → 2021 accounts
CALCOR BVBA0459.508.992Represented by Patrick-Paul CORNETTE	Director06/11/2011 → 2017 accounts
GREEN LEAF NV0840.125.314Represented by Stijn VANDEPUTTE	Managing director30/06/2017 → 2017 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates21/10/2026
HERBENOEMING COMMISSARIS
PDF
Mandates19/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring01/08/2023
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring16/05/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates23/01/2023
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

T.T. HOLDINGS

Trustteam Group

Green Forest

CALCOR BVBA

GREEN LEAF NV

Benelchem NV

VANDEPUTTE-CORNETTE

Malysse, Rigole en Co, afgekort Marico BVBA

P.P.G.-GROUP

ROD.COM

JETIRO

INVECO.BE

Show the other mandate

200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

TRUSTTEAM

Evolis(Kor) 78, 8500 Kortrijk

Director

Managing director

Director

Managing director

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Evolis(Kor) 78, 8500 KortrijkCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00286439

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
TRUSTTEAMCurrent	accounts 2008 → 2025	Accounts 2025 · 2026-00286439
TRUST-IT	accounts 2006	Accounts 2006 · 2007-18600190

Events

2025
Annual accounts 20257,1 M €↑
2024
Annual accounts 20244,9 M €↓
2023
Annual accounts 20236,5 M €↑
2022
Annual accounts 20225,1 M €↓
2021
Annual accounts 20215,6 M €↓
2020
Annual accounts 20206 M €↑
2019
Annual accounts 20195,2 M €↑
2017
Annual accounts 20173,7 M €↑
2016
Annual accounts 20163,1 M €↓
2015
Annual accounts 20153,2 M €↑
2014
Annual accounts 20142,1 M €↓
2013
Annual accounts 20132,4 M €↑
2012
Annual accounts 20122,3 M €↑
2011
Annual accounts 20111,1 M €↓
2010
Annual accounts 20101,4 M €↑
2009
Annual accounts 2009955,3 k €↑
2008
Annual accounts 2008720,5 k €↑
2008
Name changeTRUSTTEAM
2006
Annual accounts 2006197,7 k €
28/02/2002
IncorporationPublic limited company

TRUSTTEAM

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events