ACTIVE

TrustO

Financial year 2025 · closed on 30/09/2025
Net result
-4 k €
-270.8% YoY
Gross margin
-3,2 k €
-997.2% YoY
Equity
527,6 k €
-0.7% YoY

What does TrustO do?

TrustO is a Public limited company incorporated in 2002. Its registered office is in Antwerpen.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0477.014.326
Incorporation
06/03/2002
Legal form
Public limited company
Registered office
Zwartzustersstraat 29
2000 Antwerpen · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
30/09/2025
Signals
Solid equityLow risk
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220202019201820172016201520142013201220112010200920082007
Income statement
Gross margin-3,2 k €-294,9 €-2,6 k €627,1 k €20,1 k €17,2 k €24,5 k €26,8 k €36,7 k €45,9 k €23,3 k €52,2 k €43,3 k €56 k €55,2 k €56,5 k €54,6 k €42,6 k €
EBITDA-3,9 k €-1 k €-2,9 k €623,1 k €18,2 k €13,7 k €18,5 k €26,1 k €35,8 k €32,7 k €20,7 k €47,8 k €40,3 k €52,8 k €52,2 k €53,4 k €51,4 k €39,1 k €
Operating result-3,9 k €-1 k €-2,9 k €623,1 k €-4,2 k €-8,7 k €-3,9 k €3,7 k €13,5 k €10,3 k €-1,7 k €25,5 k €17,9 k €30,4 k €29,8 k €31,1 k €29 k €16,6 k €
Net result-4 k €-1,1 k €-7,3 k €456,9 k €-4,2 k €-8,7 k €-8,3 k €-1,4 k €8,4 k €4 k €4,4 k €8,1 k €-2 k €9,9 k €14,4 k €13,2 k €9,1 k €-6,7 k €
Balance sheet
Equity527,6 k €531,6 k €532,7 k €540 k €83 k €87,2 k €96 k €104,2 k €105,6 k €97,2 k €93,1 k €88,7 k €80,6 k €82,6 k €72,7 k €58,3 k €45,1 k €36,1 k €
Total assets686,1 k €689,7 k €691,2 k €698,2 k €236,6 k €254 k €274,9 k €295 k €309,3 k €331,5 k €352,3 k €373,5 k €397,8 k €418,5 k €442,4 k €463 k €484,9 k €511,4 k €
Cash36,1 k €39,7 k €41,2 k €450,9 k €19,6 k €15,2 k €13,8 k €8,1 k €1,8 k €3,2 k €290,6 €472,2 €2,4 k €792 €2,3 k €499 €33 €1,2 k €
Debts0 €0 €407,4 €153 k €163,9 k €171,6 k €178,1 k €191,7 k €222,3 k €259,2 k €284,5 k €317,2 k €335,9 k €369,7 k €402,4 k €439,8 k €474,3 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 15 ended

Active mandates

Michel Dewolfs

Director · since 18 décembre 2025

Active
Maria Van Dessel

Director · until 18 décembre 2025

Active
Renaat Konings

Managing director · until 18 décembre 2025

Active

Ended mandates

Maria Van Dessel

Director · since 27 février 2020 · until 27 février 2026

Ended
Maria Van Dessel

Managing director · since 27 février 2020 · until 27 février 2026

Ended
Renaat Konings

Managing director · since 27 février 2020 · until 27 février 2026

Ended
Christine KONINGS

Director · since 27 février 2002 · until 01 février 2010

Ended
At this address

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Cha-Son InvestActive
1001.411.370
PARTEBankrupt
0880.825.821
VICHA INVESTActive
0860.148.191
Annual accounts

Full financial information

202520242023202220202019
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/10/202201/01/202101/01/202001/01/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202231/12/202031/12/2019
Length of the financial year12 months12 months12 months21 months12 months12 months
Filing date30/04/202628/07/202531/05/202423/05/202324/08/202128/08/2020
General meeting21/04/202610/01/202510/01/202410/01/202310/05/202110/05/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202521/04/202630/04/2026DutchPDF
Micro model30/09/202410/01/202528/07/2025DutchPDF
Micro model30/09/202310/01/202431/05/2024DutchPDF
Micro model30/09/202210/01/202323/05/2023DutchPDF
Micro model31/12/202010/05/202124/08/2021DutchPDF
Micro model31/12/201910/05/202028/08/2020DutchPDF
Micro model31/12/201810/05/201927/08/2019DutchPDF
Micro model31/12/201710/05/201829/06/2018DutchPDF
Micro model31/12/201610/05/201731/07/2017DutchPDF
Abridged model31/12/201510/05/201629/06/2016DutchPDF
Abridged model31/12/201410/05/201524/08/2015DutchPDF
Abridged model31/12/201310/05/201426/08/2014DutchPDF
Abridged model31/12/201210/05/201323/07/2013DutchPDF
Abridged model31/12/201110/05/201214/05/2012DutchPDF
Abridged model31/12/201010/05/201108/06/2011DutchPDF
Abridged model31/12/200910/05/201031/05/2010DutchPDF
Abridged model31/12/200811/05/200922/06/2009DutchPDF
Abridged model31/12/200710/05/200828/07/2008DutchPDF
Abridged model31/12/200610/05/200706/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 3 active · 15 ended

Active mandates

Michel Dewolfs

Director · since 18 décembre 2025

Active
Maria Van Dessel

Director · until 18 décembre 2025

Active
Renaat Konings

Managing director · until 18 décembre 2025

Active

Ended mandates

Maria Van Dessel

Director · since 27 février 2020 · until 27 février 2026

Ended
Maria Van Dessel

Managing director · since 27 février 2020 · until 27 février 2026

Ended
Renaat Konings

Managing director · since 27 février 2020 · until 27 février 2026

Ended
Christine KONINGS

Director · since 27 février 2002 · until 01 février 2010

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office08/05/2026
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates22/12/2025
    BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/12/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates24/04/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/07/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/03/2010
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/03/2008
    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

Timeline

  1. 2025
    Annual accounts 2025-4 k €
  2. 2025
    Name changeTrustO
  3. 2024
    Annual accounts 2024-1,1 k €
  4. 2023
    Annual accounts 2023-7,3 k €
  5. 2022
    Annual accounts 2022456,9 k €
  6. 2022
    Name changeKOVADES
  7. 2020
    Annual accounts 2020-4,2 k €
  8. 2019
    Annual accounts 2019-8,7 k €
  9. 2018
    Annual accounts 2018-8,3 k €
  10. 2017
    Annual accounts 2017-1,4 k €
  11. 2016
    Annual accounts 20168,4 k €
  12. 2015
    Annual accounts 20154 k €
  13. 2014
    Annual accounts 20144,4 k €
  14. 2013
    Annual accounts 20138,1 k €
  15. 2012
    Annual accounts 2012-2 k €
  16. 2011
    Annual accounts 20119,9 k €
  17. 2010
    Annual accounts 201014,4 k €
  18. 2009
    Annual accounts 200913,2 k €
  19. 2008
    Annual accounts 20089,1 k €
  20. 2007
    Annual accounts 2007-6,7 k €
  21. 06/03/2002
    IncorporationPublic limited company