What does TRUST ENGINEERING do?

TRUST ENGINEERING is an engineering firm in Herenthout. Private Limited, started on 18 December 2012, 1 establishment.

What is the address of TRUST ENGINEERING?

The registered office of TRUST ENGINEERING is located at Atealaan 1, 2270 Herenthout.

Is TRUST ENGINEERING still active?

No. The CBE lists TRUST ENGINEERING with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.

Is TRUST ENGINEERING registered on Peppol?

Yes, TRUST ENGINEERING is registered on the Peppol network with ID 0208:0508690269.

What is the enterprise number of TRUST ENGINEERING?

The enterprise number of TRUST ENGINEERING is BE0508690269.

When was TRUST ENGINEERING founded?

TRUST ENGINEERING was founded on 18 December 2012.

Who are the directors of TRUST ENGINEERING?

According to the 2024 annual accounts, the directors of TRUST ENGINEERING are: Walter KETELE, Alexandra MANSCHOT.

Is TRUST ENGINEERING a reliable company?

Databakkes does not pass judgement; this is what the sources say: Opening faillissement according to the CBE, started on 18 December 2012; 4 annual accounts filed, latest fiscal year 2024; 2 directors known from the annual account.

How much profit did TRUST ENGINEERING make in 2024?

TRUST ENGINEERING recorded a loss after taxes of € 229,352 in financial year 2024.

What is the revenue of TRUST ENGINEERING?

As a small company, TRUST ENGINEERING is not required to publish revenue in its annual accounts. In financial year 2024, its added value was € 552,380.

How much does an employee at TRUST ENGINEERING earn?

The average wage cost per full-time employee at TRUST ENGINEERING was € 71,100 in 2024: staff costs of € 703,468 for 9.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does TRUST ENGINEERING have?

According to the 2024 annual accounts, TRUST ENGINEERING has 9.9 full-time equivalents (FTE).

TRUST ENGINEERING (Private Limited) - Herenthout

Dossier TRUST ENGINEERING, printed on 30 October 2026 from databakkes.be/en/0508690269/trust-engineering. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 4 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2023 and 2024.
Tight liquidity NBB

Cash and receivables cover 59 % of short-term debt in 2024; threshold 65 %.
Legal situation KBO

Opening faillissement according to the CBE.

Financials

Financial year 2024

TRUST ENGINEERING from Herenthout, company number BE0508690269, closed financial year 2024 with a result of € -229,352 after tax. For that financial year TRUST ENGINEERING recorded a gross margin of € 552,380 and equity of € -577,803. Compared with financial year 2023, the result moved from € -42,539 to € -229,352. 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 July 11, 2025.

What it is worth Caution

€ -577,803

▼ € 229,352 vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -229,352

▼ 439 % more loss than in 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 19,700

▼ 18% vs 2023

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -597,803.

People and assets in 2024

Full-time equivalents

9.9

▼ 4.2 vs 2023

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 703,468

▼ 28% vs 2023

€ 71,100 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.

Vehicles and equipment

€ 11,470

▼ 6% vs 2023

Book value of vehicles, furniture and equipment.

Debts at end 2024

Bank debt ≈ 7 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 578,633

▲ 91% vs 2023

€ 33,848 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.

Owed to suppliers

€ 320,951

▲ 11% vs 2023

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 245,134

▼ 5% vs 2023

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Gross margin	€ 1,120,782 Gross margin 2021: € 1,120,782 First fiscal year in the series	€ 931,468 Gross margin 2022: € 931,468 ▼ 17% vs 2021 (€ 1,120,782) Unfavourable step	€ 1,015,276 Gross margin 2023: € 1,015,276 ▲ 9% vs 2022 (€ 931,468) Favourable step	€ 552,380 Gross margin 2024: € 552,380 ▼ 46% vs 2023 (€ 1,015,276) Unfavourable step	▼ 46%
Profit after taxes	€ -100,417 Profit after taxes 2021: € -100,417 First fiscal year in the series	€ -174,738 Profit after taxes 2022: € -174,738 ▼ € 74,321 vs 2021 (€ -100,417) Unfavourable step	€ -42,539 Profit after taxes 2023: € -42,539 ▲ € 132,199 vs 2022 (€ -174,738) Favourable step	€ -229,352 Profit after taxes 2024: € -229,352 ▼ € 186,813 vs 2023 (€ -42,539) Unfavourable step	▼ € 186,813
Equity	€ -130,993 Equity 2021: € -130,993 First fiscal year in the series	€ -305,731 Equity 2022: € -305,731 ▼ € 174,738 vs 2021 (€ -130,993) Unfavourable step	€ -348,451 Equity 2023: € -348,451 ▼ € 42,720 vs 2022 (€ -305,731) Unfavourable step	€ -577,803 Equity 2024: € -577,803 ▼ € 229,352 vs 2023 (€ -348,451) Unfavourable step	▼ € 229,352
Total debts	€ 1,388,170 Total debts 2021: € 1,388,170 First fiscal year in the series	€ 1,476,206 Total debts 2022: € 1,476,206 ▲ 6% vs 2021 (€ 1,388,170) Unfavourable step	€ 902,119 Total debts 2023: € 902,119 ▼ 39% vs 2022 (€ 1,476,206) Favourable step	€ 1,203,015 Total debts 2024: € 1,203,015 ▲ 33% vs 2023 (€ 902,119) Unfavourable step	▲ 33%
Cash	€ 19,067 Cash 2021: € 19,067 First fiscal year in the series	€ 0 Cash 2022: € 0 ▼ 100% vs 2021 (€ 19,067) Unfavourable step	€ 23,905 Cash 2023: € 23,905 Unchanged (€ 0) Favourable step	€ 19,700 Cash 2024: € 19,700 ▼ 18% vs 2023 (€ 23,905) Unfavourable step	▼ 18%
Land & buildings	€ 568,787 Land & buildings 2021: € 568,787 First fiscal year in the series	€ 553,449 Land & buildings 2022: € 553,449 ▼ 3% vs 2021 (€ 568,787) Unchanged	€ 0 Land & buildings 2023: € 0 ▼ 100% vs 2022 (€ 553,449) Unchanged	-
Retained profit	€ -150,993 Retained profit 2021: € -150,993 First fiscal year in the series	€ -325,731 Retained profit 2022: € -325,731 ▼ € 174,738 vs 2021 (€ -150,993) Unfavourable step	€ -368,451 Retained profit 2023: € -368,451 ▼ € 42,720 vs 2022 (€ -325,731) Unfavourable step	€ -597,803 Retained profit 2024: € -597,803 ▼ € 229,352 vs 2023 (€ -368,451) Unfavourable step	▼ € 229,352
Bank debt	€ 842,723 Bank debt 2021: € 842,723 First fiscal year in the series	€ 759,085 Bank debt 2022: € 759,085 ▼ 10% vs 2021 (€ 842,723) Favourable step	€ 303,477 Bank debt 2023: € 303,477 ▼ 60% vs 2022 (€ 759,085) Favourable step	€ 578,633 Bank debt 2024: € 578,633 ▲ 91% vs 2023 (€ 303,477) Unfavourable step	▲ 91%
Balance sheet total	€ 1,257,177 Balance sheet total 2021: € 1,257,177 First fiscal year in the series	€ 1,170,475 Balance sheet total 2022: € 1,170,475 ▼ 7% vs 2021 (€ 1,257,177) Unchanged	€ 553,668 Balance sheet total 2023: € 553,668 ▼ 53% vs 2022 (€ 1,170,475) Unchanged	€ 625,212 Balance sheet total 2024: € 625,212 ▲ 13% vs 2023 (€ 553,668) Unchanged	▲ 13%
Employees (FTE)	17.4 Employees (FTE) 2021: 17.4 First fiscal year in the series	12.3 Employees (FTE) 2022: 12.3 ▼ 5.1 vs 2021 (17.4) Unchanged	14.1 Employees (FTE) 2023: 14.1 ▲ 1.8 vs 2022 (12.3) Unchanged	9.9 Employees (FTE) 2024: 9.9 ▼ 4.2 vs 2023 (14.1) Unchanged	▼ 4.2

Key figures of TRUST ENGINEERING, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.

What happened to TRUST ENGINEERING?

What happened at TRUST ENGINEERING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

TRUST ENGINEERING is active according to the CBE. Legal situation: Opening faillissement.

Jul 11, 2025 New annual accounts for financial year 2024: loss of € 229,352. Source: NBB ↗
Jan 2, 2013 New establishment in Herenthout. KBO
Dec 18, 2012 Start of the company according to the CBE. KBO

In short

From € 100,417 loss in 2021 to € 229,352 loss in 2024.

Paid € 15,471 in corporate taxes since 2021.

On average € 55,800 of value added per employee in 2024.

Original PDFs at the National Bank ↗

Management

Walter KETELE Alexandra MANSCHOT

Cortex Engineering

TRUST ENGINEERING

Behind TRUST ENGINEERING are Walter KETELE and Alexandra MANSCHOT. Walter KETELE is also behind Cortex Engineering.

Directors

According to the 2024 annual accounts

Walter KETELE

Director

Also active at: Cortex Engineering

Alexandra MANSCHOT

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Atealaan 1

2270 Herenthout

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

MUNDIAL DECOR INTERNATIONAL

€ 450,636 gross margin · 2025

RONMAN

€ 134,812 gross margin · 2024

TOTAL M Solutions

€ 455,460 gross margin · 2025

Clicks&Trades College

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0508.690.269

VAT number

BE 0508.690.269

Registered office

Atealaan 1, 2270 Herenthout

Names & denominations

TRUST ENGINEERING

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Opening faillissement

Start date

18 December 2012

Peppol

Active · Active since 28 Feb 2025

Activities · NACE

Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige zakelijke dienstverlening, neg

Activiteiten van adviesbureaus op het gebied van public relations en communicatie

Adviesbureaus op het gebied van public relations en communicatie

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

View on CBE Public ↗ Annual accounts (NBB) ↗

TRUST ENGINEERING

Warning lights

Financials

What happened to TRUST ENGINEERING?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions