GITIMMO
ActiveSummary
The computed 12-month bankruptcy probability of GITIMMO is 2.2% (moderate). The 2024 annual accounts show negative equity (-€48,353) and a net result of -€20,538. Equity is shrinking by ~62.2% per year across the filed fiscal years. The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2024, micro schema
2020 to 2024, 5 fiscal years 2018 to 2024, 7 fiscal years
The operating result stays negative: a loss of €8,858 in 2024 against €24,791 in 2023; the loss shrinks.
What the company sold each fiscal 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.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 1,216 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- negative equity
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,471 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% | 1.0% |
| 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% 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 1,216 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 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,969 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,980 | €5,980 | - | €12,909 | €21,380 | €24,313 | €27,489 | ▲ 13.1% |
| Other operating charges640/8 | - | - | - | €419 | €1,851 | €4,237 | €3,499 | ▼ 17.4% |
| Non-recurring operating charges66A | - | - | - | €40 | - | - | - | - |
| Gross operating margin9900 | - | -€303 | -€304 | €26,848 | €14,698 | €3,759 | €22,130 | ▲ 489% |
| Operating profit (loss)9901 | -€5,980 | -€6,283 | -€304 | €13,479 | -€8,534 | -€24,791 | -€8,858 | ▲ 64.3% |
| Financial income75/76B | - | - | - | - | €0 | - | - | - |
| Recurring financial income75 | - | €1,852 | - | - | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €2,494 | €2,673 | €7,833 | €11,680 | ▲ 49.1% |
| Recurring financial charges65 | - | - | €5,968 | €2,494 | €2,493 | €6,696 | €11,110 | ▲ 65.9% |
| Non-recurring financial charges66B | - | - | - | - | €180 | €1,138 | €570 | ▼ 49.9% |
| Profit (loss) for the period before taxes9903 | -€5,980 | -€4,430 | -€6,271 | €10,985 | -€11,206 | -€32,624 | -€20,538 | ▲ 37.0% |
| Profit (loss) for the period9904 | -€5,980 | -€4,430 | -€6,271 | €10,985 | -€11,206 | -€32,624 | -€20,538 | ▲ 37.0% |
| Profit (loss) for the period to be appropriated9905 | -€5,980 | -€4,430 | -€6,271 | €10,985 | -€11,206 | -€32,624 | -€20,538 | ▲ 37.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €24,997 | €17,670 | €406,069 | €539,396 | €500,503 | €763,725 | €761,870 | ▼ 0.2% |
| Formation expenses20 | €1,650 | €1,650 | €1,650 | €1,650 | €1,650 | €1,650 | €1,650 | = |
| Fixed assets21/28 | €22,000 | €16,020 | €404,419 | €504,496 | €483,116 | €712,795 | €755,566 | ▲ 6.0% |
| Tangible fixed assets22/27 | €21,960 | €15,980 | €404,379 | €504,496 | €483,116 | €712,795 | €755,566 | ▲ 6.0% |
| Land and buildings22 | - | - | - | €488,516 | €404,334 | €628,578 | €749,546 | ▲ 19.2% |
| Plant, machinery and equipment23 | - | - | - | €3,980 | €68,783 | €76,217 | - | - |
| Furniture and vehicles24 | - | - | - | €12,000 | €10,000 | €8,000 | €6,020 | ▼ 24.8% |
| Financial fixed assets28 | €40 | €40 | €40 | - | - | - | - | - |
| Current assets29/58 | €1,347 | - | - | €33,250 | €15,737 | €49,280 | €4,654 | ▼ 90.6% |
| Amounts receivable within one year40/41 | €1,347 | - | - | - | €13,220 | €36,464 | - | - |
| Trade receivables40 | - | - | - | - | €840 | €1,065 | - | - |
| Other amounts receivable41 | - | - | - | - | €12,379 | €35,399 | - | - |
| Cash at bank and in hand54/58 | - | - | - | €31,431 | €686 | €7,665 | €1,909 | ▼ 75.1% |
| Deferred charges and accrued income490/1 | - | - | - | €1,818 | €1,831 | €5,151 | €2,745 | ▼ 46.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €24,997 | €17,670 | €406,069 | €539,396 | €500,503 | €763,725 | €761,870 | ▼ 0.2% |
| Equity10/15 | €15,732 | €11,302 | €5,030 | €16,016 | €4,809 | -€27,815 | -€48,353 | ▼ 73.8% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Capital10 | - | - | - | €40,000 | - | - | €40,000 | - |
| Issued capital100 | - | - | - | €40,000 | - | - | €40,000 | - |
| Profit (loss) carried forward14 | -€24,268 | -€28,698 | -€34,970 | -€23,984 | -€35,191 | -€67,815 | -€88,353 | ▼ 30.3% |
| Amounts payable17/49 | €9,264 | €6,368 | €401,038 | €523,380 | €495,694 | €791,539 | €810,223 | ▲ 2.4% |
| Amounts payable after more than one year17 | - | - | - | €474,229 | €452,937 | €609,383 | €726,941 | ▲ 19.3% |
| Financial debts170/4 | - | - | - | €133,734 | €452,937 | €277,489 | €297,648 | ▲ 7.3% |
| Other amounts payable178/9 | - | - | - | €340,494 | - | €331,894 | €429,293 | ▲ 29.3% |
| Amounts payable within one year42/48 | €9,264 | €6,368 | €401,038 | €49,152 | €42,756 | €180,906 | €60,282 | ▼ 66.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,962 | €14,191 | €24,076 | €26,313 | ▲ 9.3% |
| Trade debts44 | €1,099 | €303 | €253,074 | €28,164 | €22,500 | €35,907 | €25,548 | ▼ 28.9% |
| Suppliers440/4 | - | - | - | €28,164 | €22,500 | €35,907 | €25,548 | ▼ 28.9% |
| Other amounts payable47/48 | - | - | - | €7,025 | €6,065 | €120,923 | €8,421 | ▼ 93.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €1,250 | €23,000 | ▲ 1,740% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,980 | -€4,430 | -€6,271 | €10,985 | -€11,206 | -€32,624 | -€20,538 | ▲ 37.0% |
| + Depreciation and write-downs630 | €5,980 | €5,980 | - | €12,909 | €21,380 | €24,313 | €27,489 | ▲ 13.1% |
| Operating cash flow (approximation) | €0 | €1,550 | -€6,271 | €23,894 | €10,174 | -€8,311 | €6,951 | ▲ 184% |
| Investment in fixed assets (approximation) | - | €0 | -€388,399 | -€112,986 | €0 | -€253,992 | -€70,260 | ▲ 72.3% |
| Change in cash | - | - | - | - | -€30,745 | €6,979 | -€5,756 | ▼ 182% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.