Financials
Financial year 2025
TRUST DEVELOPMENT from Glabbeek, company number BE0460189081, closed financial year 2025 with a result of € 25,260 after tax. For that financial year TRUST DEVELOPMENT recorded a gross margin of € 34,674 and equity of € 50,030. Compared with financial year 2024, the result moved from € 7,378 to € 25,260. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 50,030
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 25,260
▲ 242% vs 2024
Profit after tax over the fiscal year.
€ 41,282
▲ € 37,232 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 24,016 paid out
95 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 899
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3,500
Loans from banks and other lenders, long and short.
€ 2,283
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,981
▲ 69% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -14,286 | € 8,073 | € 11,026 | € 34,674 | ▲ 214% |
| Profit after taxes | € -14,647 | € 6,408 | € 7,378 | € 25,260 | ▲ 242% |
| Equity | € 34,999 | € 41,408 | € 48,786 | € 50,030 | ▲ 3% |
| Total debts | € 14,975 | € 14,625 | € 12,191 | € 43,885 | ▲ 260% |
| Cash | € 21,705 | € 9,298 | € 4,050 | € 41,282 | ▲ € 37,232 |
| Retained profit | € 28,108 | € 34,516 | € 41,895 | € 43,139 | ▲ 3% |
| Dividend | € 0 | € 0 | € 0 | € 24,016 | |
| Bank debt | € 3,500 | € 3,500 | € 3,500 | € 3,500 | |
| Balance sheet total | € 49,974 | € 56,032 | € 60,977 | € 93,916 | ▲ 54% |
Key figures of TRUST DEVELOPMENT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to TRUST DEVELOPMENT?
What happened at TRUST DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 25,260 (▲ 242% vs 2024). Source: NBB ↗
- New establishment in Glabbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,647 loss in 2022 to € 25,260 profit in 2025.
Paid € 13,036 in corporate taxes since 2022.
Best year ever: 2025, with € 25,260 profit.
Paid out € 24,016 in dividends to the owners in total.
Management
Behind TRUST DEVELOPMENT is Rita TAES.
Directors
According to the 2025 annual accounts
Rita TAES
Director
Establishments
Establishment units
Physical locations of this company
Solveldweg 17C
3384 Glabbeek
Solveldweg 17 C
3384 Glabbeek
Active since 24 March 1997
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0460.189.081
- VAT number
- BE 0460.189.081
- Registered office
- Solveldweg 17C, 3384 Glabbeek
- Names & denominations
- TRUST DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 March 1997
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
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