Trundle is balanced because he has so many unique interactions in his kit. I can't think of any other champ in the game who steals stats like Trundle does. Maybe Malphite with MS.
Look at these unique or very rare interactions:
Q steals AD
AoE ground-targeted skillshot that grants AS, increased healing(!), and increased MS only in its boundaries
E creates terrain
R steals Health, Armor, and MR both instantly and over time
These are crazy. Trundle probably has the most combined unique kit in League. The reason he's probably considered so balanced is both because he has so many levelers to tune (number-wise) if need be, but also because he's almost never been competitively popular, so he's never needed nerfed.