Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
36 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
EUROPEAN TRUST TRADERS from Waterloo, company number BE0461806112, closed financial year 2025 with a result of € -2,436 after tax. Compared with financial year 2024, the result moved from € -13,761 to € -2,436. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 20, 2026.
€ -180,447
▼ € 2,436 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,436
▲ 82 % less loss than in 2024
Profit after tax over the fiscal year.
€ 399
▼ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -199,039.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 15,969
▼ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -7,804 | € 1,228 | € -377 | - | |
| Profit after taxes | € -8,404 | € 1,023 | € -13,761 | € -2,436 | ▲ € 11,324 |
| Equity | € -165,273 | € -164,250 | € -178,010 | € -180,447 | ▼ € 2,436 |
| Total debts | € 234,636 | € 243,522 | € 253,821 | € 241,929 | ▼ 5% |
| Cash | € 404 | € 827 | € 1,130 | € 399 | ▼ 65% |
| Retained profit | € -183,865 | € -182,842 | € -196,602 | € -199,039 | ▼ € 2,436 |
| Bank debt | € 24,257 | € 24,257 | € 24,257 | € 0 | ▼ 100% |
| Balance sheet total | € 69,363 | € 79,272 | € 75,811 | € 61,483 | ▼ 19% |
Key figures of EUROPEAN TRUST TRADERS, 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 EUROPEAN TRUST TRADERS?
What happened at EUROPEAN TRUST TRADERS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,436. filed late Source: NBB ↗
- New establishment in Waterloo. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,404 loss in 2022 to € 2,436 loss in 2025.
Paid € 2,100 in corporate taxes since 2022.
Best year ever: 2023, with € 1,023 profit.
Management
Behind EUROPEAN TRUST TRADERS is MASUD MALIK MUHAMMAD.
Directors
According to the 2025 annual accounts
MASUD MALIK MUHAMMAD
Administrateur
Establishments
Establishment units
Physical locations of this company
Chaussée Bara 213
1410 Waterloo
Chaussée de Bruxelles 378
1410 Waterloo
Active since 10 December 1997
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 36 companies are registered at this address.
All companies at this address →Entreprise Steck
€ 10,663 gross margin · 2025
DELFTENCO
€ 382,524 gross margin · 2025
SOBELTRADE
€ -2,081 gross margin · 2025
L'ESPEROU
€ 8,858 gross margin · 2025
AP EVENTS
€ 64,146 gross margin · 2025
+31 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0461.806.112
- VAT number
- BE 0461.806.112
- Registered office
- Chaussée Bara 213, 1410 Waterloo
- Names & denominations
- EUROPEAN TRUST TRADERS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 October 1997
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
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