Equity
€56,626 ▼ 12.4%
GIT SOLUTIONS paid out €27,400 in dividends. That is 142% of the 2025 profit.
GIT SOLUTIONS
Overview
Lifetime
3 annual accounts with figures on one time axispeak €62,301 (2024)
€56,374▼ 9.5%
lowest -€14,613 (2023)
€19,354▼ 51.7%
peak €64,673 (2024)
€56,626▼ 12.4%
€117,085▲ 166%
Board1 name since 2023
1 directorMarc GENNEN
Documentsfilings and deeds
12-03-2026141 days before the deadline
2025micro format
Result from €40,064 to €19,354Dividend €27,400Equity from €64,673 to €56,626Debts from €43,949 to €117,085Investments €79,866Cash from €4,125 to €6,940
Key points
from the 2025 annual accountsTurnover
≈ €300,000 estimated
The micro format states no turnover.
Debts
€117,085 ▲ 166%
Debts rose by €73,136 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€79,866 5.0 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.83 was 4.36 in 2024
Short-term debts rose from €14,071 to €75,294.
Filings
3 annual accounts since 2023
The last three annual accounts were filed 114 to 146 days before the end of the period.
Checked score
84
Excellent
Financially stronger than 44% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%highest value
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.3%▼ -0.5 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.2%▼ -0.1 percentage points vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026lowest value
03-2026: 0.2%● unchanged vs 02-2026lowest value
04-2026: 0.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.83, cash €6,940
2 establishment units
lowers risk
Founded in 2006
Figures for financial year 2025 (filed on 12-03-2026)
Calculation
The band follows from the bankruptcy probability. 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). It does better than 42% of them on solvency, 31% on liquidity, 76% on profitability and 24% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as GIT SOLUTIONS has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of GIT SOLUTIONS itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for GIT SOLUTIONS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.83 (4.36 in 2024), below 1. Short-term debt is 43.3% and cash 4% of total assets. 67.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-03-2026, 141 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
141 days early
2024
146 days early
2023
114 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 134 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 March (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Marc GENNEN 98 sharesdeed of 06-04-2023
- Jacquet Viviane 1 sharedeed of 06-04-2023
- GENNEN Sidney 1 sharedeed of 06-04-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0885975729
New establishment in Welkenraedt
HORIZONS VERTS, Rue Xhonneux 42
Change of role: Marc GENNEN, from manager to director
Legal-form conversion: from general partnership to private limited company · Marc GENNEN holds 98 shares · Jacquet Viviane holds 1 share · Gazette deed
Capital decrease of €14,151.60 to €1,000
Capital from €15,151.60 to €1,000, 1,415 shares cancelled · General meeting of 07-05-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GIT SOLUTIONS Welkenraedt | €173,712 | €56,374 | 32.6% | - |
| COMPU IEPER Ypres | €169,419 | €59,367 | 35.5% | - |
| BRUGSE KASREGISTER SERVICE Bruges | €171,103 | €47,151 | 95.3% | - |
| BLOCK Belgium Leuven | €162,537 | €59,950 | 90.1% | 0.8 |
| MEC² - TFT Antwerp | €179,254 | €69,327 | 33.4% | - |
| CORECOM Schoten | €213,047 | €47,268 | 21.0% | - |
| SYLVAIN LEMPEREUR GESTION-INFORMATIQUE Verviers | €169,645 | €39,745 | 63.7% | - |
These companies have the same main activity as GIT SOLUTIONS: wholesale of information and communication equipment (NACE 46500). They are comparable in size and age: total assets between €163,000 and €213,000, founded between 2006 and 2008.
Official details
Source: KBO- Status
- Active since 28-12-2006Normal situation
- Activity
- Wholesale of information and communication equipmentNACE 46500and 5 others
- Establishment units
- 2.158.294.8374840 Welkenraedt, since 01-01-2007
- 2.365.786.0524840 Welkenraedt, since 09-10-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 30-07-2025
Annual accounts 2025
- €56,374▼ 9.5%
- €19,354▼ 51.7%
- €56,626▼ 12.4%
- €173,712▲ 59.9%
- Filing
- Filed on 12-03-2026, 141 days before the end of the filing period
Insights on GIT SOLUTIONS
GIT SOLUTIONS files the micro format. That format states no turnover. The gross margin rose from -€2,480 in 2023 to €56,374 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 12-03-2026, 141 days before the deadline€56,374
▼ 9.5%
€39,351
▼ 27.9%
€19,354
▼ 51.7%
-€12,915
▼ €60,137
32.6%
▼ 26.9 percentage points
0.83
▼ 3.53
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €300,000. Estimated: probably between €150,000 and €530,000.
Balance sheet
balance sheet total €173,712 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
32.6%
Higher than 44% of 13,805 companies in 2025.
0.83
Higher than 22% of 13,186 companies in 2025.
11.1%
Higher than 71% of 13,365 companies in 2025.
GIT SOLUTIONS
Middle half of the sector
80% of the sector
Micro accounts in wholesale trade (NACE 46)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
173,712 | 108,622 | 89,601 | |
21/28 |
111,333 | 47,329 | 53,681 | |
22/27 |
111,333 | 47,329 | 53,681 | |
23 |
2,498 | 3,165 | 8,398 | |
24 |
65,263 | 849 | 1,993 | |
25 |
43,571 | 43,315 | 43,290 | |
29/58 |
62,379 | 61,293 | 35,920 | |
40/41 |
23,676 | 15,308 | 29,716 | |
40 |
13,676 | 15,308 | 12,320 | |
41 |
10,000 | - | 17,396 | |
50/53 |
27,500 | 39,694 | 1,430 | |
54/58 |
6,940 | 4,125 | 1,125 | |
490/1 |
4,263 | 2,167 | 3,648 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
173,712 | 108,622 | 89,601 | |
10/15 |
56,626 | 64,673 | 26,008 | |
10/11 |
1,000 | 1,000 | 1,000 | |
13 |
70,900 | 79,300 | 40,700 | |
133 |
70,900 | 79,300 | 40,700 | |
14 |
-15,274 | -15,628 | -15,692 | |
17/49 |
117,085 | 43,949 | 63,592 | |
17 |
37,691 | 25,828 | 33,391 | |
170/4 |
37,691 | 25,828 | 33,391 | |
42/48 |
75,294 | 14,071 | 26,202 | |
42 |
22,016 | 6,946 | 7,971 | |
44 |
1,206 | 1,646 | 2,184 | |
440/4 |
1,206 | 1,646 | 2,184 | |
45 |
23,653 | 4,079 | 9,232 | |
450/3 |
23,653 | 4,079 | 9,232 | |
47/48 |
28,419 | 1,400 | 6,815 | |
492/3 |
4,100 | 4,050 | 4,000 | |
| Income statement | ||||
76A |
- | 34,982 | - | |
9900 |
56,374 | 62,301 | -2,480 | |
630 |
15,863 | 5,756 | 8,796 | |
640/8 |
1,160 | 1,937 | 1,267 | |
9901 |
39,351 | 54,608 | -12,543 | |
75/76B |
24 | 3 | 0 | |
75 |
24 | 3 | 0 | |
65/66B |
3,099 | 2,659 | 1,466 | |
65 |
3,099 | 2,659 | 1,466 | |
9903 |
36,275 | 51,953 | -14,009 | |
67/77 |
16,922 | 11,888 | 604 | |
9904 |
19,354 | 40,064 | -14,613 | |
9905 |
19,354 | 40,064 | -14,613 | |
| Appropriation of the result | ||||
9906 |
3,726 | 24,373 | -15,692 | |
14P |
-15,628 | -15,692 | -1,078 | |
791/2 |
27,400 | 1,400 | 6,500 | |
691/2 |
19,000 | 40,000 | - | |
6921 |
19,000 | 40,000 | - | |
694/7 |
27,400 | 1,400 | 6,500 | |
694 |
27,400 | 1,400 | 6,500 | |
| Document | ||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 12-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 55,213 | 60,365 | -3,747 | ||
| 35,216 | 45,821 | -5,818 | ||
| 79,866 | 8,233 | 47,080 | ||
| 2,815 | 3,000 | - | ||
| -12,915 | 47,222 | 9,718 | ||
| 32.6% | 59.5% | 29.0% | ||
| 0.83 | 4.36 | 1.37 | ||
| 2.07 | 0.68 | 2.45 | ||
| 34.2% | 61.9% | -56.2% | ||
| 11.1% | 36.9% | -16.3% | ||
| 17.82 | 22.70 | -2.56 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €79,866 | €8,233 | €47,080 |
| €15,863 | €5,756 | €8,796 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on GIT SOLUTIONS
The operating result for 2025 is 28% lower than in 2024.
Debt's share of the balance-sheet total rises from 40.5% to 67.4%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, last change in 2023Director (not named in the articles)
appointed by deed of 06-04-2023
earlier manager, until 06-04-2023
listed in the 2025 annual accounts, filed on 12-03-2026
Mandates through the years
1 name, the dashed line is todayMarc GENNEN
Director (not named in the articles)
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
- Marc GENNEN
- Director (not named in the articles), appointed by deed of 06-04-2023, still in office
- Manager, until 06-04-2023
Control
Shareholders
Marc GENNEN, Jacquet Viviane, GENNEN Sidney
This company
GIT SOLUTIONS
Equity €56,626
Profit €19,354 in 2025
Capital
- Contribution
- €1,000
- Source
- 2025 annual accounts
Articles of association
deed of 06-04-2023 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 15 June at 20:00
Shareholders
Stated in the deed
deed of 06-04-2023 ↗
- Marc GENNEN 98 shares
- Jacquet Viviane 1 share
- GENNEN Sidney 1 share
Capital transactions
Capital over time
- 06-04-2023 Converted to unavailable equity
- 01-06-2018 Capital reduction of €14,151.60 · to €1,000 · repaid to the shareholders
Network & group
No group
GIT SOLUTIONS has no parent and no holdings in its annual accounts. Marc GENNEN is the only director. GIT SOLUTIONS shares no director with another company.
Timeline
Timeline
11 events since 2006Board
Capital
Filings
Financial
Establishments
20062008201020122014201620182020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFmicro format · 141 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0885975729
Annual accounts 2024 filed PDFmicro format · 146 days before the deadline
2024
Back to profit net €40,064 The net result is €40,064, after one loss-making year.
Liquidity more than triples current ratio 4.36 The current ratio rises from 1.37 to 4.36. Short-term debt falls from €26,202 to €14,071.
New establishment in Welkenraedt HORIZONS VERTS, Rue Xhonneux 42
Annual accounts 2023 filed PDFmicro format · 114 days before the deadline
2023
Change of role: Marc GENNEN, from manager to directorLegal-form conversion: from general partnership to private limited company · Marc GENNEN holds 98 shares · Jacquet Viviane holds 1 share10 points ▸
- Auditor report, 16-03-2023
- Legal-form conversion, from general partnership to private limited company
- Accounting effect, 31-12-2022
- Marc GENNEN holds 98 shares
- Jacquet Viviane holds 1 share
- GENNEN Sidney holds 1 share
- Director resignation, Marc GENNEN (manager)
- Director discharge, Marc GENNEN (manager)
- Director appointment, Marc GENNEN (director (not named in the articles))
- Registered office clause, Rue John F.Kennedy 22, 4840 Welkenraedt
- The deed holds 9 more points.
2018
Capital decrease of €14,151.60 to €1,000Capital from €15,151.60 to €1,000, 1,415 shares cancelled · General meeting of 07-05-20184 points ▸
- General meeting, 07-05-2018
- Capital decrease, €14,151.60
- Share cancellation, 1387, 13871.56
- Share cancellation, 14, 140.02, mentioned twice in the deed
2007
First establishment Rue J.F. Kennedy 22, Welkenraedt
2006
Incorporation PDFpublished on 09-01-2007
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0885.975.729
- VAT number
- BE 0885.975.729
- Peppol ID
- 0208:0885975729
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 28-12-2006
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 15 June at 20:00deed of 06-04-2023 (in French)
- Peppol
- Reachable since 30-07-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- GIT SOLUTIONS in French
- Trade name
- Horizons Verts in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 06-04-2023 (in French)
Activities
NACEBEL 202546500
Wholesale of information and communication equipment main activity
62100
Computer programming
Codes under NACEBEL 2008
46510
Wholesale trade main activity
47410
Retail trade
58290
Publishing activities
62010
Computer programming, consultancy and related activities
62020
IT consultancy
77330
Rental and leasing activities
Codes under NACEBEL 2003
51840
main activity
52487
71330
72100
72210
72220
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La conception,le développement,la mise en application et la commercialisation de tous programmes informatiques; La maintenance de logiciels…”deed of 06-04-2023 (in French)
12 activities
- La conception,le développement,la mise en application et la commercialisation de tous programmes informatiques
- La maintenance de logiciels et de tout matériel les concernant
- L’activité de technicien informatique
- Le conseil en matière de gestion,d’organisation et de management d’entreprises dans les domaines informatiques
- La rédaction,la traduction et la diffusion de publications diverses
- L’organisation d’évênements
- L’achat et la vente,l’importation ainsi que la location de tout matériel informatique
- L’organisation de séminaires,journées d’études ou cycles de formation
- Études et conseil en matière d’aménagement urbain et d’architecture paysagère
- Conception de jardins,de parcs,etc
- Services d’aménagement paysager
- Exploitation forestière
Registered office and establishments
2 establishments| Establishment | Since | Unit number |
|---|---|---|
| Rue J.F. Kennedy 22 registered office 4840 Welkenraedt | 01-01-2007 | 2.158.294.837 |
| HORIZONS VERTS Rue Xhonneux 42, 4840 Welkenraedt | 09-10-2024 | 2.365.786.052 |
Buildings and parcels at the addresses
- Ground area
- 1,325 m²
- Buildings
- 241 m²
- Volume, LiDAR
- 1,385 m³
- Tallest building
- 9.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 63084A0315/00R002 | 690 m² | 1 · 120 m² | 6.0 m · 2 |
| 63084A0111/00S013 | 635 m² | 1 · 121 m² | 9.1 m · 2 |