ACTIVE

TRUST CONSULT

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Financial year 2025 · closed on 31/12/2025
Net result
388,2 k €
+461.5% YoY
Gross margin
700,4 k €
+100.3% YoY
Equity
418,3 k €
+1290.5% YoY
Workforce
0,1 ETP
-90.0% YoY

What does TRUST CONSULT do?

TRUST CONSULT is a Private limited company incorporated in 2019. Its main activity is: Management consultancy activities. Its registered office is in Schaerbeek. It employs on average 0,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0721.746.811
Incorporation
01/03/2019
Legal form
Private limited company
Registered office
Avenue Paul Deschanel 80
1030 Schaerbeek · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
0,1 ETP
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120202019
Income statement
Gross margin700,4 k €349,8 k €133,9 k €193,5 k €12,6 k €39,9 k €-3,3 k €
EBITDA666,2 k €271,9 k €65,3 k €123 k €-25,7 k €-9,6 k €-3,5 k €
Operating result662 k €265,7 k €57,5 k €113,1 k €-36,2 k €-14,5 k €-8,2 k €
Net result388,2 k €69,1 k €-37,4 k €58,1 k €-52,2 k €-17,9 k €-8,3 k €
Balance sheet
Equity418,3 k €30,1 k €-39,1 k €-1,6 k €-59,8 k €-7,6 k €10,3 k €
Total assets2,2 M €3,9 M €6 M €1,9 M €1,5 M €1,3 M €46,1 k €
Cash7,2 k €53,9 k €9,6 k €34 k €11,6 k €8,5 k €10,4 k €
Debts1,8 M €3,8 M €6 M €1,9 M €1,5 M €1,3 M €35,8 k €
Other
Workforce0,1 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP–
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active

Active mandates

Constance Lotthe

Director · since 07 mai 2020

Active
Antoine Adjoubel

Director · since 01 mars 2019

Active
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/08/202629/08/202530/07/202424/07/202323/08/202230/08/2021
General meeting26/06/202630/06/202528/06/202430/06/202330/06/202225/06/2021
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

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202631/08/2026FrenchPDF
Abridged model31/12/202430/06/202529/08/2025FrenchPDF
Abridged model31/12/202328/06/202430/07/2024FrenchPDF
Abridged model31/12/202230/06/202324/07/2023FrenchPDF
Abridged model31/12/202130/06/202223/08/2022FrenchPDF
Abridged model31/12/202025/06/202130/08/2021FrenchPDF
Abridged model31/12/201926/06/202030/06/2020FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 2 active

Active mandates

Constance Lotthe

Director · since 07 mai 2020

Active
Antoine Adjoubel

Director · since 01 mars 2019

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office20/11/2023
    SIEGE SOCIAL
    PDF
  • Mandates20/05/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Other05/03/2019
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 2025388,2 k €↑
  2. 2024
    Annual accounts 202469,1 k €↑
  3. 2023
    Annual accounts 2023-37,4 k €↓
  4. 2022
    Annual accounts 202258,1 k €↑
  5. 2021
    Annual accounts 2021-52,2 k €↓
  6. 2020
    Annual accounts 2020-17,9 k €↓
  7. 2019
    Annual accounts 2019-8,3 k €
  8. 01/03/2019
    IncorporationPrivate limited company