ACTIVE

Trust Building

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Financial year 2025 · closed on 31/12/2025
Net result
47,4 k €
+173.5% YoY
Gross margin
70,6 k €
+244.5% YoY
Equity
84,8 k €
+126.4% YoY

What does Trust Building do?

Trust Building is a Private limited company incorporated in 2016. Its main activity is: Construction of buildings. Its registered office is in Beringen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0659.763.118
Incorporation
18/07/2016
Legal form
Private limited company
Registered office
De Weven 17 box 2
3583 Beringen · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
41001Construction of buildings· main41201Construction of residential and non-residential buildings43240Electrical, plumbing and other construction installation activities43299Other construction installation43350Building completion and finishing43390Other building completion and finishing
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022201920182017
Income statement
Gross margin70,6 k €-48,9 k €24,3 k €30,8 k €59,2 k €69,5 k €32,8 k €
EBITDA65,5 k €-51,6 k €20,7 k €28,4 k €49,4 k €62,8 k €28,5 k €
Operating result57,8 k €-59,2 k €13,8 k €24,8 k €48 k €62,3 k €28,1 k €
Net result47,4 k €-64,5 k €3,4 k €13,1 k €26,7 k €36,6 k €17,7 k €
Balance sheet
Equity84,8 k €37,5 k €102 k €109,9 k €99,5 k €72,8 k €36,3 k €
Total assets187,1 k €223,3 k €201,2 k €300,2 k €264,3 k €212,6 k €98,7 k €
Cash2,7 k €5,7 k €9 k €3,3 k €2,7 k €10,2 k €2,4 k €
Debts102,2 k €185,8 k €99,3 k €190,3 k €163,9 k €139,8 k €62,4 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Daniël Kiesow

Bestuurder · since 18 juillet 2016

Active

Ended mandates

Daniël Kiesow

Administrator - manager · since 18 juillet 2016

Ended
Daniël Kiesow

Manager · since 18 juillet 2016

Ended
Daniel Kiesow

Administrator - manager

Ended
At this address

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0405.614.111
Lavik● Active
0761.440.694
SALIX● Active
1026.056.003
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/07/202201/07/202101/07/202001/07/2019
Closing of the financial year31/12/202531/12/202431/12/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months18 months12 months12 months12 months
Filing date10/02/202610/02/202604/07/202406/12/202228/01/202229/01/2021
General meeting09/02/202618/06/202519/06/202403/12/202204/12/202131/12/2020
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

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202509/02/202610/02/2026DutchPDF
Micro model31/12/202418/06/202510/02/2026DutchPDF
Micro model31/12/202319/06/202404/07/2024DutchPDF
Micro model30/06/202203/12/202206/12/2022DutchPDF
Micro model30/06/202104/12/202128/01/2022DutchPDF
Micro model30/06/202031/12/202029/01/2021DutchPDF
Micro model30/06/201907/12/201901/04/2020DutchPDF
Micro model30/06/201801/12/201810/12/2018DutchPDF
Micro model30/06/201702/12/201714/12/2017DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 1 active · 3 ended

Active mandates

Daniël Kiesow

Bestuurder · since 18 juillet 2016

Active

Ended mandates

Daniël Kiesow

Administrator - manager · since 18 juillet 2016

Ended
Daniël Kiesow

Manager · since 18 juillet 2016

Ended
Daniel Kiesow

Administrator - manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates15/06/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Other20/07/2016
    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

Timeline

  1. 2025
    Annual accounts 202547,4 k €↑
  2. 2024
    Annual accounts 2024-64,5 k €↓
  3. 2023
    Annual accounts 20233,4 k €↓
  4. 2022
    Annual accounts 202213,1 k €↓
  5. 2019
    Annual accounts 201926,7 k €↓
  6. 2018
    Annual accounts 201836,6 k €↑
  7. 2017
    Annual accounts 201717,7 k €
  8. 18/07/2016
    IncorporationPrivate limited company