OPENING OF BANKRUPTCY

TRUST ENGINEERING

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Financial year 2024 · closed on 31/12/2024

Net result

-229,4 k €

-439.2% YoY

Gross margin

552,4 k €

-45.6% YoY

Equity

-577,8 k €

-65.8% YoY

Workforce

9,9 ETP

-29.8% YoY

Company — Opening of bankruptcy.

What does TRUST ENGINEERING do?

TRUST ENGINEERING is a Private limited company incorporated in 2012. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Herenthout. It employs on average 9,9 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0508.690.269

Incorporation

18/12/2012

Legal form

Private limited company

Registered office

Atealaan 1
2270 Herenthout · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2024

Average workforce

9,9 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 70200Management consultancy activities 70210Public relations and communication activities 70220Business and other management consultancy activities 73300Advertising and market research+2

Signals

Healthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	552,4 k €	-45.6%	1 M €	+9.0%	931,5 k €	-16.9%	1,1 M €	-18.8%	1,4 M €	-25.7%	1,9 M €	-4.5%	1,9 M €	+14.4%	1,7 M €	+58.8%	1,1 M €	+152%	424,9 k €	+37.5%	308,9 k €	+85.0%	167 k €
EBITDA	-183,8 k €	-658%	32,9 k €	+135%	-93,9 k €	-254%	-26,5 k €	-167%	39,3 k €	-59.3%	96,6 k €	-2.0%	98,6 k €	+140%	41,1 k €	-68.3%	129,4 k €	+557%	-28,3 k €	-320%	-6,7 k €	-118%	36,6 k €
Operating result	-189,6 k €	-831%	25,9 k €	+121%	-123,5 k €	-108%	-59,4 k €	-1159%	5,6 k €	-91.2%	63,6 k €	+1.1%	62,9 k €	+111%	29,9 k €	-75.3%	121,1 k €	+472%	-32,5 k €	-207%	-10,6 k €	-144%	23,9 k €
Net result	-229,4 k €	-439%	-42,5 k €	+75.7%	-174,7 k €	-74.0%	-100,4 k €	-48.3%	-67,7 k €	-8709%	-768,8 €	-122%	3,4 k €	+69.0%	2 k €	-96.4%	56,5 k €	+245%	-38,9 k €	-113%	-18,3 k €	-239%	13,1 k €
Balance sheet
Equity	-577,8 k €	-65.8%	-348,5 k €	-14.0%	-305,7 k €	-133%	-131 k €	-328%	-30,6 k €	-182%	37,1 k €	-2.0%	37,9 k €	+9.9%	34,5 k €	+6.3%	32,5 k €	+235%	-24 k €	-261%	14,9 k €	-55.2%	33,1 k €
Total assets	625,2 k €	+12.9%	553,7 k €	-52.7%	1,2 M €	-6.9%	1,3 M €	+15.8%	1,1 M €	-81.9%	6 M €	+379%	1,3 M €	+39.2%	899,4 k €	+52.3%	590,7 k €	+195%	200,2 k €	+21.5%	164,8 k €	+33.6%	123,3 k €
Cash	19,7 k €	-17.6%	23,9 k €		0 €	-100%	19,1 k €	-52.8%	40,4 k €	-8.4%	44,1 k €	+228%	13,4 k €	-85.4%	92,1 k €	+130%	40 k €	+28.7%	31,1 k €	+150%	12,4 k €		–
Debts	1,2 M €	+33.4%	902,1 k €	-38.9%	1,5 M €	+6.3%	1,4 M €	+24.4%	1,1 M €	-81.3%	6 M €	+391%	1,2 M €	+44.2%	842,3 k €	+50.9%	558,3 k €	+149%	224,2 k €	+49.6%	149,9 k €	+87.0%	80,2 k €
Other
Workforce	9,9 ETP	-29.8%	14,1 ETP	+14.6%	12,3 ETP	-29.3%	17,4 ETP	-23.3%	22,7 ETP	-17.2%	27,4 ETP	-2.1%	28,0 ETP		–		–		6,4 ETP	+36.2%	4,7 ETP	+135%	2,0 ETP

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 3 ended

Active mandates

Alexandra MANSCHOT

Director

Active

Walter KETELE

Director

Active

Ended mandates

Alexandra Manschot

Director · since 21 décembre 2012

Ended

Alexandra Manschot

Manager · since 21 décembre 2012

Ended

Walter Ketele

Manager

Ended

At this address

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RONMAN● Active	0465.595.545
TOTAL M Solutions● Active	0806.824.917

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/07/2025	12/06/2024	01/09/2023	26/08/2022	31/08/2021	30/10/2020
General meeting	30/06/2025	11/06/2024	22/08/2023	03/06/2022	04/06/2021	05/06/2020
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	30/06/2025	11/07/2025	Dutch	PDF
Abridged model	31/12/2023	11/06/2024	12/06/2024	Dutch	PDF
Abridged model	31/12/2022	22/08/2023	01/09/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	26/08/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	30/10/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	31/07/2019	Dutch	PDF
Micro model	31/12/2017	01/06/2018	31/08/2018	Dutch	PDF
Micro model	31/12/2016	02/06/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	29/08/2014	Dutch	PDF

Estimate

Indicative valuation

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 31/12/2024 · 2 active · 3 ended

Active mandates

Alexandra MANSCHOT

Director

Active

Walter KETELE

Director

Active

Ended mandates

Alexandra Manschot

Director · since 21 décembre 2012

Ended

Alexandra Manschot

Manager · since 21 décembre 2012

Ended

Walter Ketele

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office31/12/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates03/10/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/10/2023
MAATSCHAPPELIJKE ZETEL
PDF
Registered office20/07/2018
MAATSCHAPPELIJKE ZETEL
PDF
Registered office23/06/2015
MAATSCHAPPELIJKE ZETEL
PDF
Other08/01/2013
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2024
Annual accounts 2024-229,4 k €↓
2023
Annual accounts 2023-42,5 k €↑
2022
Annual accounts 2022-174,7 k €↓
2021
Annual accounts 2021-100,4 k €↓
2020
Annual accounts 2020-67,7 k €↓
2019
Annual accounts 2019-768,8 €↓
2018
Annual accounts 20183,4 k €↑
2017
Annual accounts 20172 k €↓
2016
Annual accounts 201656,5 k €↑
2015
Annual accounts 2015-38,9 k €↓
2014
Annual accounts 2014-18,3 k €↓
2013
Annual accounts 201313,1 k €
18/12/2012
IncorporationPrivate 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

TRUST ENGINEERING

Overview

What does TRUST ENGINEERING do?

Trend over 12 financial years

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