Financials
Financial year 2025
TRUSTTEAM from Kortrijk, company number BE0477005418, closed financial year 2025 with a result of € 7.1 million after tax. For that financial year TRUSTTEAM recorded revenue of € 37.5 million and equity of € 12.6 million. Compared with financial year 2024, the result moved from € 4.9 million to € 7.1 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 12.6 million
▲ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7.1 million
▲ 45% vs 2024
Profit after tax over the fiscal year.
€ 4.7 million
▲ € 3.6 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 5 million paid out
70 % of the profit went to the shareholders, mostly to T.T. HOLDINGS (100 % of the shares). That is where the money ends up.
People and assets in 2025
93.6
▼ 2.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.3 million
▼ 2% vs 2024
€ 77,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4.4 million
▲ 40% vs 2024
Of which on lease € 3.2 million.
Debts at end 2025
€ 31.7 million
▲ 109% vs 2024
€ 1.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 22 years.
€ 8.3 million
▲ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 145 days on average.
€ 931,656
▼ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 29,908,734 | € 31,866,056 | € 31,505,892 | € 37,456,717 | ▲ 19% |
| Profit after taxes | € 5,133,706 | € 6,490,769 | € 4,909,587 | € 7,133,733 | ▲ 45% |
| Equity | € 8,589,430 | € 10,080,199 | € 10,489,786 | € 12,623,519 | ▲ 20% |
| Total debts | € 27,021,628 | € 34,552,461 | € 38,946,072 | € 57,296,975 | ▲ 47% |
| Cash | € 2,359,533 | € 2,750,640 | € 1,011,050 | € 4,658,139 | ▲ € 3.6 million |
| Land & buildings | € 21,390 | € 12,724 | € 6,487 | € 2,352 | ▼ 64% |
| Retained profit | € 6,465,658 | € 7,956,427 | € 8,366,014 | € 10,499,747 | ▲ 26% |
| Dividend | € 5,000,000 | € 5,000,000 | € 4,500,000 | € 5,000,000 | ▲ 11% |
| Bank debt | € 11,364,438 | € 12,021,853 | € 15,212,082 | € 31,739,539 | ▲ 109% |
| Balance sheet total | € 35,688,759 | € 44,672,489 | € 49,455,588 | € 69,940,224 | ▲ 41% |
| Employees (FTE) | 85.4 | 87.9 | 96.5 | 93.6 | ▼ 2.9 |
Key figures of TRUSTTEAM, 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 TRUSTTEAM?
What happened at TRUSTTEAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- T.T. HOLDINGS NV stepped down as director. NBB
- TRUSTTEAM GROUP BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 7.1 million (▲ 45% vs 2024). Source: NBB ↗
- T.T. HOLDINGS NV became a director. NBB
- TRUSTTEAM GROUP BV became a director. NBB
- New establishment in Nazareth-De Pinte. KBO
- New establishment in Hasselt. KBO
- New establishment in Kortrijk. KBO
In short
From € 5.1 million profit in 2022 to € 7.1 million profit in 2025.
Paid € 3.3 million in corporate taxes since 2022.
Best year ever: 2025, with € 7.1 million profit.
Paid out € 19.5 million in dividends to the owners in total.
Management
The stake of T.T. HOLDINGS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TRUSTTEAMThe shares are held by T.T. HOLDINGS (100%). It owns 100% of XOFIN SRL, 100% of TRUSTTEAM WALLONIE, 100% of TRUSTTEAM SAS and 100% of ACSONE itself.
Directors
According to the 2025 annual accounts
Director · represented by Erwin DEBAERE
Also active at: TRUSTTEAM WALLONIE, ORDITECH, REDSYSTEM, DASHAN, GHALAN, ACSONE
since 2025 · until 2028
Director · represented by VANDEPUTTE Stijn
Also active at: TRUSTTEAM WALLONIE, ORDITECH, T.T. HOLDINGS, REDSYSTEM, DASHAN, GHALAN, ACSONE
since 2025 · until 2028
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Evolis(Kor) 78
8500 Kortrijk
Ilgatlaan 9
3500 Hasselt
Active since 28 December 2018
Drapstraat 90
9810 Nazareth-De Pinte
Active since 1 July 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →ALPHA INVESTMENT SERVICES
€ -818 gross margin · 2022
T.T. HOLDINGS same network
€ 6.5 million revenue · 2025
Green Hill I
€ 99,652 revenue · 2025
Trustteam Group same network
€ 5.7 million revenue · 2025
Green Hill Partners
+1 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
- 0477.005.418
- VAT number
- BE 0477.005.418
- Registered office
- Evolis(Kor) 78, 8500 Kortrijk
- Names & denominations
- TRUSTTEAM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 February 2002
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
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