Liquidity
23.77 was 72.28 in 2024
Short-term debts rose from €963 to €3,434.
GITEL
Lifetime
19 annual accounts with figures on one time axis, 35 filings since 1990peak €162,226 (2011)
€52,521▲ 143%
lowest -€47,304 (2010)
€18,771▲ €29,341
peak €327,474 (2011)
€256,321▲ 7.9%
€4,500▼ 12.3%
Board6 names since 2017
5 directors and 4 others
Documentsfilings and deeds
08-06-202653 days before the deadline
2025micro format
Gross margin from €21,648 to €52,521Back to profit: €18,771
Key points
from the 2025 annual accountsFilings
35 annual accounts since 1990
The last five annual accounts were filed 14 to 61 days before the end of the period.
Position in the sector
98.3%
Higher solvency than 95% of companies in real estate. Sector median 31.0% · 19,823 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 31,386 companies had the same profile as GITEL has now. Each dot stands for 79 companies, two years later.
93.4%
were still trading
6.0%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 31,386 companies, not a prediction for GITEL. 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
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Signals
Board and ownership
Chair
Managing director
Director, since 22-06-2023
Manager
Director, since 22-06-2023
- general partnerdeed of 12-07-2017
- limited partnerdeed of 12-07-2017
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0438664880
2 directors appointed, 1 reappointment
Changes of role: (managing director) and · Reappointment: · Appointments: (managing director) and · Gazette deed
1 director resigning
Changes of role: (statutory manager) and (successor manager) · Resignation: · Legal-form conversion: from public limited company to partnership limited by shares · General meeting of 30-03-2017 · Gazette deed
Incorporation
published on 14-11-1989 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GITEL Aalst | €260,821 | €52,521 | 98.3% | - |
| Schrauwen Logistiek Essen | €278,336 | €52,580 | 59.4% | - |
| Home2invest Nijlen | €240,839 | €45,803 | -23.4% | - |
| HAPPY-DAYS Pelt | €280,380 | €46,407 | 38.8% | - |
| FERME DU CHATEAU DE CORROY-LE-GRAND Chaumont-Gistoux | €275,387 | €52,177 | 24.2% | - |
| GARAGE CARROSSERIE WATTY Ichtegem | €234,796 | €60,765 | 58.0% | 0 |
| ECODATA Leuven | €278,786 | €45,272 | 87.2% | - |
These companies have the same main activity as GITEL: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €235,000 and €280,000, founded between 1986 and 1994.
Official details
Source: KBO- Status
- Active since 06-10-1989Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Financial year end
- 31 December
- Peppol
- Reachable since 26-08-2025
Annual accounts 2025
- ≈ €68,000estimated
- €260,821▲ 7.5%
- Filing
- Filed on 08-06-2026, 53 days before the end of the filing period
Insights on GITEL
GITEL files the micro format. That format states no turnover. The gross margin rose from €41,898 in 2006 to €52,521 in 2025.
In June 2023, the Official Gazette published the appointment of as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GITEL
- What is the company number of GITEL?
- The company number of GITEL is 0438.664.880. The VAT number is the same number with BE in front: BE 0438.664.880.
- Where is GITEL based?
- The registered office is at Weverijstraat 21, 9300 Aalst.Company details
- What does GITEL do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of GITEL?
- GITEL is a public limited company (NV).
- When was GITEL founded?
- GITEL was founded on 06-10-1989.
- Is GITEL still active?
- Yes, GITEL is an active enterprise in the KBO register.
- What is the turnover of GITEL?
- The turnover in financial year 2025 is ≈ €68,000. This figure is estimated from the gross margin of €52,521 and 45 comparable companies (NACE 682). It probably lies between €59,000 and €87,000.Financials
- Is GITEL profitable?
- In financial year 2025, GITEL made a profit of €18,771.
- Where can I find the annual accounts of GITEL?
- GITEL filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GITEL due?
- GITEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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