Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 25,790.1 to 1.
Financials
Financial year 2025
TRUST REAL ESTATE from Chaumont-Gistoux, company number BE0500870188, closed financial year 2025 with a result of € 3,879 after tax. For that financial year TRUST REAL ESTATE recorded a gross margin of € 100,037 and equity of € 136,929. Compared with financial year 2024, the result moved from € 23,318 to € 3,879. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 31, 2026.
€ 136,929
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,879
▼ 83% vs 2024
Profit after tax over the fiscal year.
€ 57,650
▼ 8% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 130,729.
People and assets in 2025
1
▼ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 16,963
▼ 66% vs 2024
€ 17,000 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.
€ 4,229
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 197,933
▼ 49% vs 2024
€ 46,032 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 47,173
▼ 64% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,926
▼ 93% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 90,392 | € 96,032 | € 140,548 | € 100,037 | ▼ 29% |
| Profit after taxes | € 2,479 | € 6,534 | € 23,318 | € 3,879 | ▼ 83% |
| Equity | € 103,198 | € 109,732 | € 133,050 | € 136,929 | ▲ 3% |
| Total debts | € 450,299 | € 476,019 | € 607,438 | € 321,018 | ▼ 47% |
| Cash | € 61,548 | € 137,205 | € 62,540 | € 57,650 | ▼ 8% |
| Land & buildings | € 210,400 | € 203,800 | € 197,200 | - | |
| Retained profit | € 96,998 | € 103,532 | € 126,850 | € 130,729 | ▲ 3% |
| Bank debt | € 352,925 | € 316,900 | € 385,373 | € 197,933 | ▼ 49% |
| Balance sheet total | € 553,496 | € 585,751 | € 740,487 | € 457,946 | ▼ 38% |
| Employees (FTE) | - | 25,790.1 | 2.6 | 1 | ▼ 1.6 |
Key figures of TRUST REAL ESTATE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to TRUST REAL ESTATE?
What happened at TRUST REAL ESTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3,879 (▼ 83% vs 2024). filed late Source: NBB ↗
- GODARD SRL became a director. NBB
- New establishment in Namur. KBO
- New establishment in Grez-Doiceau. KBO
- New establishment in Chaumont-Gistoux. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,479 profit in 2022 to € 3,879 profit in 2025.
Paid € 29,366 in corporate taxes since 2022.
Best year ever: 2024, with € 23,318 profit.
On average € 100,000 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of GODARD comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TRUST REAL ESTATEBehind TRUST REAL ESTATE is GODARD SRL. The shares are held by GODARD (75%).
Directors
According to the 2025 annual accounts
Director · represented by Nicolas GODARD
since 2022
Shareholders
75%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chaussée de Huy 231
1325 Chaumont-Gistoux
Chée de la Libération 100
1390 Grez-Doiceau
Active since 1 February 2017
Rue Joseph Durieux(BL) 151
5001 Namur
Active since 1 May 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0500.870.188
- VAT number
- BE 0500.870.188
- Registered office
- Chaussée de Huy 231, 1325 Chaumont-Gistoux
- Names & denominations
- TRUST REAL ESTATE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 November 2012
- Peppol
- Active · Active since 16 Sept 2025
- Activities · NACE
Handel in eigen onroerend goed
Activiteiten van syndici van onroerend goed
Schatten en evalueren van onroerend goed voor een vast bedrag of op contractbasis
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis