Equity
€3.2m ▲ 6.0%
GITRA has made a profit without a break since 2020.
GITRA
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2006peak €2.2m (2017)
€1.6m▼ 11.9%
lowest -€319,094 (2015)
€180,622▼ 35.2%
peak €3.2m (2025)
€3.2m▲ 6.0%
€2.2m▲ 10.4%
peak 16.9 FTE (2020)
15.1 FTEunchanged
Board2 names since 2022
2 directorsPAUWELS Erik and 1 other
Documentsfilings and deeds
28-01-20263 days before the deadline
2025abbreviated format
Result from €278,608 to €180,622Cash from €269,985 to €1.1m
Key points
from the 2025 annual accountsResult
€180,622 ▼ 35.2%
The result fell in 2025 from €278,608 to €180,622.
Turnover
≈ €2.8m estimated
The abbreviated format states no turnover.
Investments
€1.2m 1.7 × depreciation
Green is investment, beige is depreciation. Machinery stands 3694.1% higher than in 2024.
Staff
16 employees on 30-06-2025
In 2025, 16 people joined and 17 left.
Position in the sector
€3.2m
More equity than 90% of companies in water transport. Sector median €492,388 · 106 companies.
Checked score
96
Excellent
Financially stronger than 65% of small companies in water transport (NACE 50)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 76 companies (NACE 50, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: 0.1%▲ +0.1 percentage points vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025highest value
02-2026: < 0.1%▼ -0.1 percentage points vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 2.34, cash €1.1m
Equity €3.2m (56.5% of total assets)
Sector: Water transport (NACE 50)
Size: 15.1 FTE, total assets €5.7m
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 50, small). It does better than 64% of them on solvency, 74% on liquidity, 68% on profitability and 55% on growth.
The bankruptcy probability was computed on 08-11-2026 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 30-06-2025.
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, 14,766 companies had the same profile as GITRA has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GITRA itself: < 0.1% 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 14,766 companies, not a prediction for GITRA. 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 €300,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.34 (2.13 in 2024), above the usual 1.5. Short-term debt is 26.3% and cash 19.5% of total assets. 43.5% of the assets are financed with debt and provisions.
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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
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
3 days early
2023
on the day
2022
on the day
2021
23 days late
2020
15 days late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days after the deadline. In the sector (NACE 50), the median for financial year 2024 was 3 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0872923883
Resignation: PAUWELS Erik (manager)
Reappointment: PAUWELS Erik (director) · Director discharge: PAUWELS Erik (manager) · General meeting of 19-12-2023 · Gazette deed
Incorporation
published on 12-04-2005 · Gazette deed
First establishment
-, Turnhoutsebaan 459, Wijnegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GITRA Wijnegem | €5.7m | €1.6m | 56.5% | 15.1 |
| M-AQUATRANS Antwerp | €4.2m | €1.6m | 38.3% | 7.1 |
| Contargo Transbox Belgium Wijnegem | €2.9m | €1.4m | 59.9% | 9.7 |
| DE WIT TRANSPORT Antwerp | €8.1m | €2.2m | 31.0% | 5.4 |
| CHEOPS SHIPPING Antwerp | €4.6m | €1.8m | 41.2% | - |
| COLOMBIA SHIPPING Schoten | €4.2m | €1.1m | 33.4% | - |
| LAUTERTRANS Antwerp | €10.4m | €1.6m | 71.9% | - |
These companies have the same main activity as GITRA: inland freight water transport (NACE 50400). They are comparable in size and age: total assets between €2.9m and €10m, founded between 1996 and 2014.
Official details
Source: KBO- Status
- Active since 04-04-2005Normal situation
- Activity
- Inland freight water transportNACE 50400and 1 other
- Joint committees
- 139Inland shipping
- 140Transport and logistics
- 226White-collar workers in international trade, transport and logistics · annual accounts 30-06-2023
- Establishment unit
- 2.146.351.7612110 Wijnegem, since 04-04-2005
- Financial year end
- 30 June
- Peppol
- Reachable since 03-11-2025
Annual accounts to 30-06-2025
- €5.7m▲ 9.8%
- Employeeson 30-06-2025
- 16▼ 5.9%
- Filing
- Filed on 28-01-2026, 3 days before the end of the filing period
Insights on GITRA
GITRA files the abbreviated format. That format states no turnover. The gross margin rose from €63,564 in 2007 to €1.6m in 2025.
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 GITRA
- What is the company number of GITRA?
- The company number of GITRA is 0872.923.883. The VAT number is the same number with BE in front: BE 0872.923.883.
- Where is GITRA based?
- The registered office is at Turnhoutsebaan 459, 2110 Wijnegem.Company details
- What does GITRA do?
- According to the KBO register, the main activity is inland freight water transport (NACE 50400).
- What is the legal form of GITRA?
- GITRA is a private limited company (BV).
- When was GITRA founded?
- GITRA was founded on 04-04-2005.
- Is GITRA still active?
- Yes, GITRA is an active enterprise in the KBO register.
- How many employees does GITRA have?
- GITRA had an average of 15.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does GITRA fall under?
- In its 30-06-2023 annual accounts, GITRA states joint committees 139 (Inland shipping), 140 (Transport and logistics) and 226 (White-collar workers in international trade, transport and logistics).
- What is the turnover of GITRA?
- The turnover in financial year 2025 is ≈ €2.8m. This figure is estimated from the gross margin of €1.6m and 1,585 comparable companies of the same size. It probably lies between €1.9m and €4.6m. It is a rough estimate.
- Is GITRA profitable?
- In financial year 2025, GITRA made a profit of €180,622.
- Where can I find the annual accounts of GITRA?
- GITRA filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GITRA due?
- GITRA must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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