ACTIVE

BETRUST

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Financial year 2025 · closed on 31/03/2025

Net result

-11,7 k €

-26975.1% YoY

Gross margin

-10,4 k €

-854.4% YoY

Equity

128,9 k €

-8.3% YoY

What does BETRUST do?

BETRUST is a Public limited company incorporated in 2002. Its main activity is: Market research and public opinion polling. Its registered office is in Aartselaar.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.905.835

Incorporation

04/07/2002

Legal form

Public limited company

Registered office

Helenboslaan 30
2630 Aartselaar · FlandreSee on map

Contributed capital

138 600,00 €

Latest accounts

31/03/2025

Activities (NACE)

73200Market research and public opinion polling· main 73200Market research and public opinion polling 74131Specialised design activities 70210Public relations and communication activities 73300Advertising and market research 74141Specialised design activities

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008		2007		2006
Income statement
Gross margin	-10,4 k €	-854%	1,4 k €	+125%	-5,5 k €	-638%	1 k €	-93.7%	16,2 k €	-25.8%	21,8 k €	+9.4%	20 k €	-43.5%	35,3 k €	-0.6%	35,6 k €	-10.2%	39,6 k €	+358%	8,6 k €	+228%	-6,7 k €	-19163%	-35 €	-109%	371 €	+101%	-42,1 k €	+18.1%	-51,4 k €	-5029%	-1 k €	+70.7%	-3,4 k €	-308%	1,6 k €
EBITDA	-10,9 k €	-1670%	695,6 €	+111%	-6,2 k €	-1293%	520,7 €	-96.7%	15,7 k €	-24.0%	20,7 k €	+6.1%	19,5 k €	-44.1%	34,9 k €	-0.3%	35 k €	-10.4%	39 k €	+380%	8,1 k €	+212%	-7,3 k €	-1483%	-458 €	-382%	-95 €	+99.8%	-42,5 k €	+18.0%	-51,8 k €	-4033%	-1,3 k €	+71.2%	-4,4 k €	+68.7%	-13,9 k €
Operating result	-11,2 k €	-4213%	271,4 €	+104%	-7,4 k €	-889%	-751,2 €	-105%	14,3 k €	-29.3%	20,2 k €	+7.5%	18,8 k €	-45.5%	34,6 k €	+0.8%	34,3 k €	-10.9%	38,5 k €	+405%	7,6 k €	+152%	-14,6 k €	-87.4%	-7,8 k €	-44.2%	-5,4 k €	+89.1%	-49,5 k €	+17.8%	-60,3 k €	-3272%	-1,8 k €	+63.4%	-4,9 k €	+79.9%	-24,4 k €
Net result	-11,7 k €	-26975%	43,5 €	+101%	-7,6 k €	-671%	-988,1 €	-106%	15,6 k €	-22.3%	20,1 k €	+7.1%	18,8 k €	-45.3%	34,3 k €	+1.6%	33,7 k €	-11.2%	38 k €	+399%	7,6 k €	+152%	-14,5 k €	-83.5%	-7,9 k €	-42.4%	-5,6 k €	+88.8%	-49,6 k €	+17.8%	-60,3 k €	-3146%	-1,9 k €	-128%	-813,2 €	+96.7%	-24,8 k €
Balance sheet
Equity	128,9 k €	-8.3%	140,6 k €	+0.0%	140,5 k €	-5.1%	148,1 k €	-0.7%	149,1 k €	+11.7%	133,5 k €	+17.7%	113,5 k €	+19.8%	94,7 k €	+56.8%	60,4 k €	+127%	26,7 k €	+335%	-11,4 k €	+40.1%	-19 k €	-328%	-4,4 k €	-227%	3,5 k €	-61.4%	9,1 k €	-84.5%	58,6 k €	+533%	-13,5 k €	-15.9%	-11,7 k €	-7.5%	-10,9 k €
Total assets	370,7 k €	+5.1%	352,6 k €	+32.4%	266,3 k €	+0.0%	266,2 k €	+43.6%	185,4 k €	+34.9%	137,4 k €	-30.5%	197,8 k €	+62.5%	121,7 k €	+23.8%	98,3 k €	+54.1%	63,8 k €	+367%	13,7 k €	+277%	3,6 k €	-81.5%	19,6 k €	-15.3%	23,2 k €	-17.7%	28,2 k €	-62.1%	74,3 k €	+23349%	316,9 €	-84.5%	2 k €	-86.0%	14,6 k €
Cash	311,6 k €	+17.4%	265,3 k €	+22.7%	216,2 k €	+9.4%	197,6 k €	+45.0%	136,2 k €	+46.8%	92,8 k €	-43.5%	164,3 k €	+91.0%	86 k €	+1.6%	84,7 k €	+191%	29,1 k €	+269%	7,9 k €	+1007%	713 €	-90.6%	7,6 k €	+37.4%	5,5 k €	-15.1%	6,5 k €	-86.4%	47,9 k €	+36864515%	0,1 €	-100.0%	1,2 k €	+870%	118,8 €
Debts	241,8 k €	+14.0%	212 k €	+68.5%	125,8 k €	+6.5%	118,1 k €	+225%	36,3 k €	+838%	3,9 k €	-95.4%	84,3 k €	+213%	27 k €	-28.8%	37,9 k €	+2.0%	37,1 k €	+48.5%	25 k €	+10.7%	22,6 k €	-6.2%	24,1 k €	+22.1%	19,7 k €	+3.0%	19,1 k €	+21.8%	15,7 k €	+13.5%	13,8 k €	+4.9%	13,2 k €	-47.1%	24,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 3 active · 11 ended

Active mandates

Luc Jusgen

Director · since 24 novembre 2022

Active

PECUNIA DATA SYSTEMS

Managing director · since 24 novembre 2022 · 0442.097.096

Represented by Stefan Geelen

Active

Tania Schuddinck

Director · since 24 novembre 2022

Active

Ended mandates

Luc Jusgen

Director · since 16 septembre 2015 · until 16 septembre 2021

Ended

Luc Jusgen

Director · since 16 septembre 2015

Ended

PECUNIA DATA SYSTEMS

Managing director · since 16 septembre 2015 · until 16 septembre 2021 · 0442.097.096

Represented by Stefan Geelen

Ended

PECUNIA DATA SYSTEMS

Managing director · since 16 septembre 2015 · 0442.097.096

Represented by Stefan Geelen

Ended

At this address

Other companies at this address

Company	CBE no.
PECUNIA DATA SYSTEMS● Active	0442.097.096

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/10/2025	12/10/2024	06/12/2023	14/09/2022	04/08/2021	02/10/2020
General meeting	17/10/2025	07/10/2024	23/11/2023	02/09/2022	22/07/2021	09/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	17/10/2025	20/10/2025	Dutch	PDF
Micro model	31/03/2024	07/10/2024	12/10/2024	Dutch	PDF
Micro model	31/03/2023	23/11/2023	06/12/2023	Dutch	PDF
Micro model	31/03/2022	02/09/2022	14/09/2022	Dutch	PDF
Micro model	31/03/2021	22/07/2021	04/08/2021	Dutch	PDF
Micro model	31/03/2020	09/09/2020	02/10/2020	Dutch	PDF
Micro model	31/03/2019	03/06/2019	30/08/2019	Dutch	PDF
Micro model	31/03/2018	28/09/2018	18/10/2018	Dutch	PDF
Micro model	31/03/2017	01/06/2017	19/06/2017	Dutch	PDF
Abridged model	31/03/2016	16/09/2016	21/09/2016	Dutch	PDF
Abridged model	31/03/2015	16/09/2015	21/09/2015	Dutch	PDF
Abridged model	31/03/2014	06/09/2014	29/09/2014	Dutch	PDF
Abridged model	31/03/2013	20/09/2013	24/09/2013	Dutch	PDF
Abridged model	31/03/2012	17/09/2012	28/09/2012	Dutch	PDF
Abridged model	31/03/2011	11/10/2011	20/10/2011	Dutch	PDF
Abridged model	31/03/2010	04/05/2010	05/05/2010	Dutch	PDF
Abridged model	31/12/2008	26/03/2009	14/04/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	30/05/2007	04/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/03/2025 · 3 active · 11 ended

Active mandates

Luc Jusgen

Director · since 24 novembre 2022

Active

PECUNIA DATA SYSTEMS

Managing director · since 24 novembre 2022 · 0442.097.096

Represented by Stefan Geelen

Active

Tania Schuddinck

Director · since 24 novembre 2022

Active

Ended mandates

Luc Jusgen

Director · since 16 septembre 2015 · until 16 septembre 2021

Ended

Luc Jusgen

Director · since 16 septembre 2015

Ended

PECUNIA DATA SYSTEMS

Managing director · since 16 septembre 2015 · until 16 septembre 2021 · 0442.097.096

Represented by Stefan Geelen

Ended

PECUNIA DATA SYSTEMS

Managing director · since 16 septembre 2015 · 0442.097.096

Represented by Stefan Geelen

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other05/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates02/10/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/04/2010
KAPITAAL - AANDELEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates29/05/2009
BENAMING - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - BOEKJAAR - WIJZIGING RECHTSVORM
PDF
Mandates15/12/2008
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office27/05/2005
MAATSCHAPPELIJKE ZETEL
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 2025-11,7 k €↓
2024
Annual accounts 202443,5 €↑
2023
Annual accounts 2023-7,6 k €↓
2022
Annual accounts 2022-988,1 €↓
2021
Annual accounts 202115,6 k €↓
2020
Annual accounts 202020,1 k €↑
2019
Annual accounts 201918,8 k €↓
2018
Annual accounts 201834,3 k €↑
2017
Annual accounts 201733,7 k €↓
2016
Annual accounts 201638 k €↑
2015
Annual accounts 20157,6 k €↑
2014
Annual accounts 2014-14,5 k €↓
2013
Annual accounts 2013-7,9 k €↓
2012
Annual accounts 2012-5,6 k €↑
2011
Annual accounts 2011-49,6 k €↑
2010
Annual accounts 2010-60,3 k €↓
2008
Annual accounts 2008-1,9 k €↓
2007
Annual accounts 2007-813,2 €↑
2006
Annual accounts 2006-24,8 k €
04/07/2002
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

BETRUST

Overview

What does BETRUST do?

Trend over 19 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