Git'Sit
ActiveSummary
Git'Sit has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €321,309 and a net result of €22,063. Equity is growing by about 3.7% per year across the filed financial years. Its solvency ranks better than 67% of 9,770 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €321,309
- Profit
- €22,063
- Barbara SYSDirector
- Rik STROEFManaging director
Why 96lowers riskLiquidity: current ratio 2.49, cash €323,529Founded in 1983Equity €321,309 (60.3% of total assets)Size: total assets €533,157Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 67% on solvency, 84% on liquidity, 61% on profitability and 60% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 12 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen three years in a row; 2025 is 59% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.1% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,766 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €9,500 | €750 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €16,902 | €19,135 | €22,100 | €7,687 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,710 | €25,768 | €13,046 | €18,636 | €18,583 | €23,829 | €29,664 | €20,151 | ▼ 32.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €337 | - |
| Other operating charges640/8 | - | - | - | €1,453 | €2,376 | €2,127 | €1,455 | €1,270 | ▼ 12.7% |
| Non-recurring operating charges66A | - | - | - | - | - | €4 | - | - | - |
| Gross operating margin9900 | €60,331 | €61,870 | €67,005 | €77,707 | €108,202 | €115,467 | €83,642 | €39,955 | ▼ 52.2% |
| Operating profit (loss)9901 | €13,679 | €15,359 | €35,998 | €40,716 | €68,108 | €67,406 | €44,837 | €18,197 | ▼ 59.4% |
| Financial income75/76B | - | - | - | €3,470 | €9,009 | €30,703 | €7,083 | €12,514 | ▲ 76.7% |
| Recurring financial income75 | €5,196 | €4,648 | €3,105 | €3,470 | €9,009 | €14,265 | €7,083 | €12,514 | ▲ 76.7% |
| Non-recurring financial income76B | - | - | - | - | - | €16,438 | - | - | - |
| Financial charges65/66B | - | - | - | €4,345 | €14,062 | €6,121 | €8,170 | €2,114 | ▼ 74.1% |
| Recurring financial charges65 | €6,094 | €4,070 | €3,831 | €4,345 | €14,062 | €6,121 | €8,170 | €2,114 | ▼ 74.1% |
| Profit (loss) for the period before taxes9903 | €12,781 | €15,937 | €35,272 | €39,841 | €63,055 | €91,988 | €43,750 | €28,597 | ▼ 34.6% |
| Income taxes67/77 | €4,046 | €4,935 | €6,891 | €12,410 | €19,279 | €23,325 | €11,515 | €6,534 | ▼ 43.3% |
| Profit (loss) for the period9904 | €8,735 | €11,002 | €28,381 | €27,431 | €43,776 | €68,663 | €32,235 | €22,063 | ▼ 31.6% |
| Transfer from tax-exempt reserves789 | - | - | - | €14,082 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €8,735 | €11,002 | €28,381 | €41,513 | €43,776 | €68,663 | €32,235 | €22,063 | ▼ 31.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €350,134 | €389,989 | €400,142 | €419,020 | €455,923 | €513,806 | €563,892 | €533,157 | ▼ 5.5% |
| Fixed assets21/28 | €76,967 | €61,071 | €57,998 | €61,156 | €47,901 | €79,314 | €57,973 | €37,699 | ▼ 35.0% |
| Tangible fixed assets22/27 | €75,978 | €60,082 | €57,874 | €61,032 | €47,127 | €78,540 | €57,199 | €37,049 | ▼ 35.2% |
| Land and buildings22 | - | - | - | €34,456 | €23,839 | €13,484 | €7,286 | €6,061 | ▼ 16.8% |
| Furniture and vehicles24 | - | - | - | €26,576 | €23,288 | €65,056 | €49,913 | €30,988 | ▼ 37.9% |
| Financial fixed assets28 | €989 | €989 | €124 | €124 | €774 | €774 | €774 | €650 | ▼ 16.0% |
| Current assets29/58 | €273,166 | €328,918 | €342,144 | €357,864 | €408,022 | €434,492 | €505,918 | €495,458 | ▼ 2.1% |
| Stocks and contracts in progress3 | €832 | €665 | €1,134 | €1,747 | €2,042 | €2,345 | €1,955 | €2,345 | ▲ 20.0% |
| Stocks30/36 | - | - | - | €1,747 | €2,042 | €2,345 | €1,955 | €2,345 | ▲ 20.0% |
| Amounts receivable within one year40/41 | €59,683 | €108,623 | €55,310 | €60,278 | €59,120 | €58,241 | €66,737 | €53,333 | ▼ 20.1% |
| Trade receivables40 | - | - | - | €51,221 | €57,495 | €54,719 | €56,394 | €27,886 | ▼ 50.6% |
| Other amounts receivable41 | - | - | - | €9,058 | €1,626 | €3,522 | €10,343 | €25,447 | ▲ 146% |
| Current investments50/53 | - | - | - | €100,000 | €89,013 | €98,270 | €117,644 | €114,947 | ▼ 2.3% |
| Cash at bank and in hand54/58 | €212,514 | €218,460 | €285,180 | €195,433 | €255,041 | €274,791 | €318,332 | €323,529 | ▲ 1.6% |
| Deferred charges and accrued income490/1 | - | - | - | €406 | €2,805 | €846 | €1,249 | €1,304 | ▲ 4.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €350,134 | €389,989 | €400,142 | €419,020 | €455,923 | €513,806 | €563,892 | €533,157 | ▼ 5.5% |
| Equity10/15 | €241,443 | €251,245 | €278,427 | €303,658 | €347,434 | €267,012 | €299,247 | €321,309 | ▲ 7.4% |
| Contributions10/11 | €148,500 | €148,500 | €148,500 | €148,500 | €148,500 | €63,000 | €63,000 | €63,000 | = |
| Capital10 | - | - | - | €148,500 | €148,500 | €63,000 | €63,000 | €63,000 | = |
| Issued capital100 | - | - | - | €148,500 | €148,500 | €63,000 | €63,000 | €63,000 | = |
| Reserves13 | €92,943 | €102,745 | €129,927 | €155,158 | €198,934 | €204,012 | €236,247 | €258,309 | ▲ 9.3% |
| Non-distributable reserves130/1 | - | - | - | €14,850 | €14,850 | €6,300 | €6,300 | €6,300 | = |
| Legal reserve130 | - | - | - | €14,850 | €14,850 | €6,300 | €6,300 | €6,300 | = |
| Distributable reserves133 | - | - | - | €140,308 | €184,084 | €197,712 | €229,947 | €252,009 | ▲ 9.6% |
| Amounts payable17/49 | €108,690 | €138,743 | €121,715 | €115,362 | €108,489 | €246,794 | €264,645 | €211,847 | ▼ 20.0% |
| Amounts payable after more than one year17 | €81,012 | €82,779 | €86,449 | €94,490 | €71,758 | €76,726 | €76,964 | - | - |
| Other amounts payable178/9 | - | - | - | €94,490 | €71,758 | €76,726 | €76,964 | - | - |
| Amounts payable within one year42/48 | €21,549 | €48,772 | €30,564 | €15,263 | €28,990 | €163,794 | €161,668 | €198,796 | ▲ 23.0% |
| Trade debts44 | €5,798 | €40,563 | €24,692 | €8,281 | €21,648 | €10,869 | €3,739 | €12,547 | ▲ 236% |
| Suppliers440/4 | - | - | - | €8,281 | €21,648 | €10,869 | €3,739 | €12,547 | ▲ 236% |
| Taxes, remuneration and social security45 | - | - | - | €4,782 | €7,341 | €7,018 | €12,022 | €7,826 | ▼ 34.9% |
| Taxes450/3 | - | - | - | €1,878 | €4,532 | €5,646 | €12,022 | €2,490 | ▼ 79.3% |
| Remuneration and social security454/9 | - | - | - | €2,904 | €2,809 | €1,373 | - | €5,336 | - |
| Other amounts payable47/48 | - | - | - | €2,200 | - | €145,907 | €145,907 | €178,423 | ▲ 22.3% |
| Accrued charges and deferred income492/3 | - | - | - | €5,609 | €7,742 | €6,274 | €26,013 | €13,052 | ▼ 49.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,735 | €11,002 | €28,381 | €27,431 | €43,776 | €68,663 | €32,235 | €22,063 | ▼ 31.6% |
| + Depreciation and write-downs630 | €24,710 | €25,768 | €13,046 | €18,636 | €18,583 | €23,829 | €29,664 | €20,151 | ▼ 32.1% |
| Operating cash flow (approximation) | €33,445 | €36,770 | €41,428 | €46,067 | €62,359 | €92,493 | €61,899 | €42,213 | ▼ 31.8% |
| Investment in fixed assets (approximation) | - | -€9,871 | -€9,974 | -€21,793 | -€5,328 | -€55,243 | -€8,323 | €124 | - |
| Change in cash | - | €5,946 | €66,720 | -€89,747 | €59,609 | €19,749 | €43,542 | €5,197 | ▼ 88.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 42 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-07-2026 | 2026-00377941 |
| 31-12-2024 | micro format | 21-07-2025 | 2025-00303293 |
| 31-12-2023 | micro format | 20-07-2024 | 2024-00269310 |
| 31-12-2022 | micro format | 17-07-2023 | 2023-00246919 |
| 31-12-2021 | micro format | 15-07-2022 | 2022-20189593 |
| 31-12-2020 | micro format | 16-07-2021 | 2021-38100100 |
| 31-12-2019 | micro format | 17-07-2020 | 2020-31600207 |
| 31-12-2018 | micro format | 25-07-2019 | 2019-39100411 |
| 31-12-2017 | micro format | 25-07-2018 | 2018-37900364 |
| 31-12-2016 | micro format | 11-07-2017 | 2017-30000599 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Barbara SYS |
|
| Rik STROEF |
|
Owners and capital
Capital and shareholders
- 10-01-2024 Capital reduction of €85,500 · to €63,000 · repaid to the shareholders
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
10-01
Gazette deed
Resignations: Rik STROEF (director) and Barbara SYS (director)Appointments: Rik STROEF (director) and Barbara SYS (director) · Amendment of the articles · Capital decrease14 facts ▸
- General meeting, 15-12-2023
- Amendment of the articles (3 times)
- Capital decrease, €85,500
- Capital, €63,000
- Amendment of the articles, 5
- Purpose change
- Director resignation, Rik STROEF (director)
- Director resignation, Barbara SYS (director)
- Director appointment, Rik STROEF (director (not named in the articles))
- Director appointment, Barbara SYS (director (not named in the articles))
- Director appointment, Rik STROEF (managing director)
- Registered office clause, “Gavere, Stationsstraat 172” (deed in Dutch)
- +2 further facts in this act
About the unread acts
Of the 9 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44003A0231/00K000 | Flanders | 205 m² | 1 · 205 m² | 9.9 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De groot –en kleinhandel, de in- en uitvoer, de aankoop en verkoop, de constructie, de plaatsing, de huur en verhuur zelfs voor lange…” (deed in Dutch)
16 activities (deed in Dutch)
- De groot –en kleinhandel, de in- en uitvoer, de aankoop en verkoop, de constructie, de plaatsing, de huur en verhuur zelfs voor lange termijn, de distributie, de vertegenwoordiging, de commissiehandel en aanverwante handel zowel voor eigen rekening als voor rekening van derden en desgevallend tweedehands:
- -van meubelen in het algemeen, met inbegrip van kantoormeubelen en in het bijzonder;
- -de zitmeubelen voor het kantoor;
- -van kantoormachines en kantoortoebehoren in de ruimste zin;
- -van meubileringsstoffen en meubileringsartikelen, omvattende ondermeer gordijnen,
- Zonnegordijnen, tapijten, tapijtwerk, stoffen voor koetswerk, beddegoed, huishouden tafellinnen;
- -van kunstvoorwerpen, schilderijen, gravuren, optische artikelen, verlichtingsartikelen, antiquiteiten en dergelijke meer; van onderhoudsproducten, verven, drogisterijartikelen, houtwaren en rietwerk, kurk en kurkwaren;
- -van producten van de papiernijverheid en van de drukkunst, papierwaren, boeken, kantoor en schoolbehoeften allerlei, schrijf- en drukpapier, schrijf- en drukkarton, drukwerken, papier en karton voor de nijverheid en voor allerhande verpakkingen, ook deze in cellofaan en plastiek, behangselpapier, vloer- en parketbekledingen en soortgelijke artikelen;
- -van onroerende goederen in de ruimste zin;
- -het inrichten van winkels, kantoren, vergaderzalen en gebouwen zowel voor privé als ander gebruik;
- Waar mogelijk of wenselijk, alle goederen en diensten leveren via elektronische weg, via webshop en e-commerce en alle diensten die daarbij horen.
- Voor eigen rekening :
- - Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten (vruchtgebruik, recht van opstal, erfpacht,…) zoals de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, ter beschikking stellen, verkavelen, prospecteren en uitbaten van onroerende goederen, het ontwerpen en opvolgen van projecten, het maken van studies met betrekking tot immobiliën; de aan-en verkoop, huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende
- Goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen; alsmede zich borg te stellen voor het goede verloop van verbintenissen, door derde personen aangegaan die het genot zouden hebben van voormelde roerende en onroerende goederen.
- - Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop, het beheren van aandelen, aandelenopties, obligaties, kasbons, afgeleide producten of andere roerende waarden, van welke vorm ook, uitgegeven door Belgische of buitenlandse emittenten.
- - Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren, in eender welke vorm; het zich borg stellen, zakelijke zekerheden of aval verlenen, in de meest ruime zin; alle handelsoperaties en financiële operaties verrichten, behalve deze die wettelijk voorbehouden zijn aan depositobanken, houders van deposito’s op korte termijn, spaarkassen, hypotheekmaatschappijen en kapitalisatieondernemingen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Git'Sit
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 20: Vertegenwoordiging van de vennootschap 1. Alle akten die de vennootschap verbinden, in en buiten rechte, zijn geldig wanneer zij…”
- Board ruleHow the board is made up, meets and takes decisions.
- “De algemene vergadering kan het mandaat van elke bestuurder te allen tijde en zonder opgave van redenen met onmiddellijke ingang beëindigen…” (deed in Dutch)“Wanneer de plaats van een bestuurder openvalt vóór het einde van zijn mandaat, hebben de overblijvende bestuurders het recht een nieuwe…” (deed in Dutch)“De eerstvolgende algemene vergadering moet het mandaat van de gecoöpteerde bestuurder bevestigen. Bij bevestiging volbrengt de gecoöpteerde…” (deed in Dutch)“De raad van bestuur kiest uit zijn midden een voorzitter. Indien de voorzitter verhinderd is, wordt hij vervangen door een andere bestuurder…” (deed in Dutch)“De raad van bestuur wordt bijeengeroepen door de voorzitter of door twee bestuurders, telkens het belang van het vennootschap dit vereist…” (deed in Dutch)“Elke bestuurder kan aan één van zijn collega’s volmacht verlenen om hem te vertegenwoordigen op een bepaalde raad van bestuur en om er in…” (deed in Dutch)“De besluiten van de raad van bestuur worden weergegeven in de notulen, die worden ondertekend door de voorzitter van de vergadering en…” (deed in Dutch)“De enige bestuurder oefent het geheel van de bestuursbevoegdheden uit, met de mogelijkheid een deel van deze bevoegdheden te delegeren. De…” (deed in Dutch)“De raad van bestuur kan het dagelijks bestuur, alsook de vertegenwoordiging van de vennootschap wat dat bestuur aangaat, opdragen aan één of…” (deed in Dutch)“De algemene vergadering beslist bij elke benoeming of en in welke mate het mandaat van bestuurder zal bezoldigd zijn met een vaste of…” (deed in Dutch)
Capital, shares and profit
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Één tiende van het kapitaal van de vennootschap, De verplichting herleeft indien de wettelijke reserve wordt aangesproken, tot het…” (deed in Dutch)“Gewone meerderheid van stemmen, raad van bestuur” (deed in Dutch)
Meetings and financial year
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Meerderheid van stemmen, ongeacht het aantal effecten dat op de algemene vergadering vertegenwoordigd is, Indien verscheidene personen…” (deed in Dutch)“Tot op de dag van de verdeling van deze aandelen of tot de afgifte van de legaten met betrekking tot deze aandelen, In geval van splitsing…” (deed in Dutch)
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij gebrek aan benoeming door de algemene vergadering geschiedt de vereffening door het bestuursorgaan dat op dat ogenblik in functie is en…” (deed in Dutch)“De vereffenaars zijn bevoegd tot alle verrichtingen vermeld in de wet tenzij de algemene vergadering anders besluit, bij gewone meerderheid…” (deed in Dutch)