Equity
€3.2m ▲ 6.0%
GITRA has made a profit without a break since 2020.
GITRA
Overview
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.
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
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
- €1.6m▼ 11.9%
- €180,622▼ 35.2%
- €3.2m▲ 6.0%
- €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.
Financials
Annual accounts 2025
abbreviated format, filed on 28-01-2026, 3 days before the deadline€1.6m
▼ 11.9%
€353,989
▼ 7.2%
€180,622
▼ 35.2%
€2.0m
▲ 17.8%
56.5%
▼ 2.0 percentage points
2.34
▲ 0.20
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.8m. Estimated: probably between €1.9m and €4.6m.
Balance sheet
balance sheet total €5.7m on 30-06-2025What the company ownsHow it is paid for
in €m
in €m
Position in the sector
56.5%
Higher than 70% of 106 companies in 2025.
2.34
Higher than 62% of 102 companies in 2025.
3.2%
Higher than 51% of 103 companies in 2025.
GITRA
Middle half of the sector
80% of the sector
Abbreviated accounts in water transport (NACE 50)
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter
Staff
€36,059
Staff costs divided by the average number of full-time equivalents.
-1 person
people who joined
people who left
In 2025, 16 people joined and 17 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
5.7m | 5.2m | 4.8m | 5.8m | 5.5m | 4.7m | 4.8m | 5.1m | 4.8m | 3.5m | 3.8m | 3.4m | 2.9m | 3.1m | 3.2m | 3.2m | 2.7m | 2.8m | 1.6m | |
21/28 |
2.2m | 2.0m | 2.4m | 3.4m | 4.0m | 3.0m | 3.2m | 3.0m | 3.3m | 2.5m | 2.5m | 2.0m | 1.9m | 2.3m | 2.1m | 2.1m | 2.0m | 2.0m | 1.4m | |
22/27 |
2.1m | 1.9m | 2.4m | 3.4m | 4.0m | 3.0m | 3.2m | 3.0m | 3.3m | 2.5m | 2.5m | 2.0m | 1.9m | 2.3m | 2.1m | 2.1m | 2.0m | 2.0m | 1.4m | |
22 |
111,249 | 121,416 | 131,584 | 141,751 | 152,330 | 162,909 | 173,487 | 184,066 | 147,520 | - | - | - | - | - | - | - | - | - | - | |
23 |
970,050 | 25,567 | 18,599 | 2,578 | 7,319 | 12,060 | 15,411 | 11,213 | 17,511 | 34,348 | 49,500 | 66,000 | 99,234 | 134,555 | 170,028 | 205,787 | 157,920 | 166,856 | 2,641 | |
24 |
1.1m | 1.8m | 2.2m | 3.3m | 3.8m | 2.8m | 3.0m | 2.8m | 3.1m | 2.5m | 2.4m | 2.0m | 1.8m | 2.2m | 1.9m | 1.9m | 1.8m | 1.8m | 1.4m | |
26 |
945 | 3,660 | 6,375 | 9,090 | 11,804 | - | - | - | - | - | 1,319 | 4,000 | 6,680 | 10,512 | 7,748 | 3,455 | 4,607 | - | - | |
28 |
43,064 | 43,064 | 43,064 | 3,064 | 3,064 | 3,064 | 3,064 | 564 | 564 | 564 | 564 | 564 | 682 | 682 | 682 | 682 | 682 | 682 | 189 | |
29/58 |
3.5m | 3.2m | 2.4m | 2.3m | 1.5m | 1.7m | 1.6m | 2.1m | 1.6m | 994,376 | 1.3m | 1.3m | 954,973 | 779,549 | 1.1m | 1.1m | 688,996 | 861,008 | 220,844 | |
29 |
56,807 | 153,687 | 205,955 | 256,813 | 108,091 | 123,142 | 137,749 | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
56,807 | 153,687 | 205,955 | 256,813 | 108,091 | 123,142 | 137,749 | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
2.2m | 2.2m | 1.1m | 1.4m | 1.0m | 1.2m | 963,341 | 1.9m | 1.3m | 529,876 | 1.1m | 1.0m | 575,305 | 606,319 | 856,756 | 1.1m | 596,305 | 860,393 | 176,344 | |
40 |
2.1m | 2.1m | 944,841 | 1.2m | 886,666 | 998,433 | 784,457 | 1.7m | 1.2m | 489,233 | 1.1m | 1.0m | 547,916 | 577,021 | 825,401 | 1.0m | 589,222 | 791,936 | 166,556 | |
41 |
88,242 | 101,699 | 156,835 | 162,891 | 150,376 | 172,382 | 178,884 | 189,373 | 121,999 | 40,643 | 28,086 | 25,613 | 27,389 | 29,298 | 31,355 | 18,953 | 7,083 | 68,457 | 9,788 | |
50/53 |
- | 500,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
1.1m | 269,985 | 1.1m | 486,710 | 307,219 | 261,186 | 399,886 | 170,018 | 161,591 | 412,835 | 114,043 | 262,436 | 347,500 | 141,530 | 234,069 | 48,139 | 92,658 | 601 | 36,058 | |
490/1 |
130,414 | 40,589 | 38,494 | 204,976 | 48,029 | 135,007 | 92,999 | 78,887 | 64,058 | 51,665 | 49,920 | 23,791 | 32,168 | 31,700 | 32,411 | 15,386 | 33 | 14 | 8,442 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
5.7m | 5.2m | 4.8m | 5.8m | 5.5m | 4.7m | 4.8m | 5.1m | 4.8m | 3.5m | 3.8m | 3.4m | 2.9m | 3.1m | 3.2m | 3.2m | 2.7m | 2.8m | 1.6m | |
10/15 |
3.2m | 3.0m | 2.7m | 2.4m | 2.0m | 1.9m | 1.6m | 1.7m | 1.5m | 400,738 | 299,443 | 618,536 | 583,664 | 420,069 | 341,572 | 215,321 | 239,469 | 152,042 | -80,166 | |
10/11 |
200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 12,500 | |
100 |
- | - | - | - | - | - | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,100 | |
13 |
2.5m | 2.2m | 2.2m | 2.2m | 1.6m | 1.6m | 1.2m | 1.2m | 1.2m | 106,281 | 106,281 | 106,280 | 106,281 | 20,000 | 10,100 | 3,100 | 2,100 | 100 | 100 | |
130/1 |
- | - | 20,000 | 20,000 | 20,000 | 20,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 10,100 | 3,100 | 2,100 | 100 | 100 | |
1311 |
- | - | 20,000 | 20,000 | 20,000 | 20,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
2.5m | 2.1m | 2.1m | 2.1m | 1.6m | 1.6m | 1.2m | 1.2m | 1.2m | 86,281 | 86,281 | 86,280 | 86,281 | - | - | - | - | - | - | |
133 |
20,000 | 20,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
459,471 | 654,667 | 376,058 | 63,780 | 132,558 | 42,095 | 142,486 | 241,077 | 112,151 | 94,457 | -6,838 | 312,256 | 277,383 | 200,069 | 131,472 | 12,221 | 37,369 | -48,058 | -92,766 | |
16 |
227,273 | 112,500 | 150,500 | 208,000 | 232,500 | 382,500 | 320,000 | 342,500 | 286,500 | 261,750 | 315,000 | 260,000 | 220,000 | 195,000 | 175,000 | 100,000 | 65,000 | - | - | |
160/5 |
102,000 | 112,500 | 150,500 | 208,000 | 232,500 | 382,500 | 320,000 | 342,500 | 286,500 | 261,750 | 315,000 | 260,000 | 220,000 | 195,000 | 175,000 | 100,000 | 65,000 | - | - | |
162 |
102,000 | 112,500 | 150,500 | 208,000 | 232,500 | 382,500 | 320,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
164/5 |
- | - | - | - | - | - | - | 342,500 | 286,500 | - | - | - | - | - | - | - | - | - | - | |
168 |
125,273 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
2.2m | 2.0m | 2.0m | 3.1m | 3.3m | 2.4m | 2.9m | 3.1m | 3.0m | 2.9m | 3.2m | 2.5m | 2.1m | 2.5m | 2.7m | 2.9m | 2.4m | 2.7m | 1.7m | |
17 |
745,940 | 527,297 | 794,102 | 1.6m | 881,326 | 1.2m | 1.4m | 1.2m | 1.4m | 1.6m | 1.5m | 972,495 | 1.2m | 1.4m | 1.3m | 1.5m | 1.6m | 1.6m | 1.2m | |
170/4 |
745,940 | 527,297 | 794,102 | 1.6m | 881,326 | 1.2m | 1.4m | 1.2m | 1.4m | 1.6m | 1.5m | 972,495 | 1.2m | 1.4m | 1.3m | 1.4m | 1.5m | 1.5m | 1.2m | |
175 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,000 | 40,000 | 70,000 | 110,000 | - | |
42/48 |
1.5m | 1.5m | 1.2m | 1.5m | 2.4m | 1.2m | 1.4m | 1.9m | 1.6m | 1.2m | 1.6m | 1.5m | 860,056 | 1.1m | 1.4m | 1.3m | 705,746 | 1.0m | 483,115 | |
42 |
532,102 | 252,258 | 294,144 | 360,970 | 316,682 | 366,301 | 428,529 | 412,490 | 436,027 | 393,284 | 348,242 | 241,995 | 254,188 | 271,286 | 344,124 | 293,162 | 247,579 | 194,746 | 110,265 | |
43 |
150,000 | 200,000 | 70,000 | 50,000 | 150,000 | 100,000 | - | 350,000 | 75,000 | 200,000 | 150,000 | 480,000 | - | 200,000 | 280,000 | 200,000 | 22,540 | 33,755 | - | |
430/8 |
150,000 | 200,000 | 70,000 | 50,000 | 150,000 | 100,000 | - | 350,000 | 75,000 | 200,000 | 150,000 | 480,000 | - | 200,000 | 280,000 | 200,000 | 22,540 | 33,755 | - | |
44 |
677,158 | 695,587 | 600,212 | 1.0m | 1.9m | 632,355 | 855,505 | 908,646 | 931,439 | 511,958 | 929,142 | 555,102 | 388,556 | 418,060 | 624,044 | 672,336 | 319,918 | 607,760 | 180,085 | |
440/4 |
677,158 | 695,587 | 600,212 | 1.0m | 1.9m | 632,355 | 855,505 | 908,646 | 931,439 | 511,958 | 929,142 | 555,102 | 388,556 | 418,060 | 624,044 | 672,336 | 319,918 | 607,760 | 180,085 | |
45 |
122,800 | 211,838 | 174,151 | 112,348 | 101,668 | 132,617 | 157,045 | 168,506 | 189,905 | 113,595 | 145,064 | 153,652 | 131,342 | 89,035 | 102,320 | 148,097 | 99,407 | 120,944 | 658 | |
450/3 |
88,660 | 171,748 | 142,201 | 68,011 | 46,849 | 80,954 | 89,471 | 121,425 | 133,205 | 96,412 | 105,577 | 123,885 | 108,601 | 61,543 | 65,476 | 131,440 | 82,319 | 113,199 | 658 | |
454/9 |
34,140 | 40,090 | 31,950 | 44,337 | 54,819 | 51,664 | 67,575 | 47,081 | 56,699 | 17,183 | 39,487 | 29,767 | 22,741 | 27,492 | 36,844 | 16,657 | 17,088 | 7,745 | - | |
47/48 |
5,066 | 130,533 | 20,708 | - | - | 7,588 | 912 | 22,329 | 13,014 | 3,180 | 54,976 | 68,251 | 85,970 | 156,218 | 61,542 | 35,018 | 16,302 | 73,553 | 192,107 | |
492/3 |
- | 5,576 | 2,875 | 5,412 | 4,444 | 2,339 | 3,421 | 4,987 | 4,068 | 8,655 | 6,213 | 10,079 | 9,826 | 17,989 | 10,698 | 100,799 | 87,018 | 68,757 | 43,855 | |
| Income statement | ||||||||||||||||||||
76A |
837,393 | 37,241 | 125,000 | 715,192 | 9,542 | 610,750 | 99,116 | - | 1.1m | - | - | - | 86,281 | 250,000 | - | - | 1,090 | - | - | |
9900 |
1.6m | 1.8m | 1.3m | 1.7m | 1.2m | 1.6m | 1.1m | 1.3m | 2.2m | 978,299 | 628,144 | 834,085 | 847,245 | 668,349 | 889,976 | 592,386 | 667,764 | 407,712 | 63,564 | |
62 |
544,498 | 537,216 | 424,957 | 546,744 | 586,279 | 558,348 | 563,538 | 440,155 | 353,616 | 231,483 | 207,908 | 162,933 | 160,732 | 239,049 | 173,723 | 100,727 | 75,688 | 23,016 | 8,907 | |
630 |
709,830 | 513,402 | 558,063 | 623,733 | 604,200 | 575,148 | 613,420 | 577,052 | 597,562 | 609,744 | 600,039 | 505,970 | 470,818 | 480,275 | 399,749 | 343,109 | 282,632 | 237,648 | 86,983 | |
635/8 |
-10,500 | -38,000 | -57,500 | -24,500 | -150,000 | 62,500 | -22,500 | 56,000 | 24,750 | -53,250 | 55,000 | 40,000 | 25,000 | 20,000 | 75,000 | 35,000 | 65,000 | - | - | |
640/8 |
5,836 | 13,335 | 11,653 | 13,985 | 9,512 | 7,210 | 9,663 | 16,125 | 9,656 | 14,461 | 10,218 | 9,308 | 5,806 | 5,545 | 9,694 | 3,818 | 4,323 | 7,740 | 1,359 | |
66A |
4,047 | 416,639 | 14,231 | 5,542 | - | 11,338 | 13,095 | 6,288 | 39,610 | - | - | - | - | - | - | 30,135 | - | - | - | |
9901 |
353,989 | 381,304 | 374,336 | 561,625 | 117,971 | 342,124 | -67,201 | 173,099 | 1.2m | 175,861 | -245,021 | 115,874 | 184,889 | -76,520 | 231,810 | 109,732 | 240,121 | 139,308 | -33,685 | |
75/76B |
7,907 | 8,085 | 8,723 | 10,479 | 13,877 | 14,413 | 12,861 | 9,277 | 4,070 | 111 | 1,985 | 859 | 1,685 | 82 | 175 | 3,594 | 1,740 | 28 | 837 | |
75 |
7,907 | 8,085 | 8,723 | 10,479 | 13,877 | 14,413 | 12,861 | 9,277 | 4,070 | 111 | 1,985 | 859 | 1,685 | 82 | 175 | 3,594 | 1,740 | 28 | 837 | |
65/66B |
56,123 | 46,137 | 70,427 | 99,683 | 41,729 | 45,733 | 42,992 | 52,432 | 55,776 | 74,308 | 75,663 | 65,564 | 68,981 | 87,230 | 105,734 | 107,339 | 125,468 | 94,628 | 61,331 | |
65 |
56,123 | 46,137 | 70,427 | 99,683 | 41,729 | 45,733 | 42,992 | 52,432 | 55,776 | 74,308 | 75,663 | 65,564 | 68,981 | 87,230 | 105,734 | 107,339 | 125,468 | 94,628 | 61,331 | |
9903 |
305,773 | 343,253 | 312,632 | 472,421 | 90,118 | 310,805 | -97,333 | 129,945 | 1.1m | 101,664 | -318,699 | 51,169 | 203,874 | 86,332 | 126,251 | -24,148 | 117,483 | 44,708 | -94,179 | |
780 |
33,041 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
680 |
158,314 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
-122 | 64,644 | 354 | 382 | -345 | 446 | 1,258 | 1,019 | 619 | 369 | 395 | 16,296 | 40,279 | 7,835 | - | - | 30,056 | - | 35 | |
9904 |
180,622 | 278,608 | 312,278 | 472,040 | 90,463 | 310,359 | -98,590 | 128,925 | 1.1m | 101,295 | -319,094 | 34,873 | 163,595 | 78,497 | 126,251 | -24,148 | 87,427 | 44,708 | -94,214 | |
789 |
99,124 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
474,942 | - | - | 540,818 | - | 410,750 | - | - | 1.1m | - | - | - | 86,281 | - | - | - | - | - | - | |
9905 |
-195,196 | 278,608 | 312,278 | -68,778 | 90,463 | -100,391 | -98,590 | 128,925 | 17,694 | 101,295 | -319,094 | 34,873 | 77,314 | 78,497 | 126,251 | -24,148 | 87,427 | 44,708 | -94,214 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
459,471 | 654,667 | 376,058 | 63,780 | 132,558 | 42,095 | 142,486 | 241,077 | 112,151 | 94,457 | -6,838 | 312,256 | 277,383 | 209,969 | 138,472 | 13,221 | 39,369 | -48,058 | -92,766 | |
14P |
654,667 | 376,058 | 63,780 | 132,558 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 9,900 | 7,000 | 1,000 | 2,000 | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 9,900 | 7,000 | 1,000 | 2,000 | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
15.1 | 15.1 | 12.7 | 8.2 | 10.7 | 16.9 | 14.9 | 14 | 9.8 | 6.2 | 6.4 | 3.6 | 3.5 | 4.8 | 3.8 | 3.2 | 1.6 | 0.5 | 0.3 | |
Hours worked1013 |
27,157 | 27,830 | 21,094 | 13,599 | 16,202 | 28,582 | 26,897 | 23,480 | 19,001 | 12,127 | 11,575 | 6,560 | 6,256 | 9,104 | 6,976 | 5,022 | 2,945 | 941 | 446 | |
| Document | ||||||||||||||||||||
The accounts for financial year 2006 were filed as a document without figures as data, a scan for example.
The notes to these accounts have 18 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 28-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 28-01-2026 | 2026-00023322 | |
| 30-06-2024 | abbreviated format | 28-01-2025 | 2025-00021171 | |
| 30-06-2023 | abbreviated format | 31-01-2024 | 2024-00020639 | |
| 30-06-2022 | abbreviated format | 31-01-2023 | 2023-00021037 | |
| 30-06-2021 | abbreviated format | 23-02-2022 | 2022-06300126 | |
| 30-06-2020 | abbreviated format | 15-02-2021 | 2021-05400534 | |
| 30-06-2019 | abbreviated format | 31-01-2020 | 2020-03400228 | |
| 30-06-2018 | abbreviated format | 16-01-2019 | 2019-01400027 | |
| 30-06-2017 | abbreviated format | 16-01-2018 | 2018-01300228 | |
| 30-06-2016 | abbreviated format | 30-01-2017 | 2017-02400126 | |
| 30-06-2015 | abbreviated format | 22-01-2016 | 2016-02500138 | |
| 30-06-2014 | abbreviated format | 15-01-2015 | 2015-01600207 | |
| 30-06-2013 | abbreviated format | 30-01-2014 | 2014-01700496 | |
| 30-06-2012 | abbreviated format | 19-03-2013 | 2013-06500539 | |
| 30-06-2011 | abbreviated format | 17-04-2012 | 2012-08600472 | |
| 30-06-2010 | abbreviated format | 04-02-2011 | 2011-02400343 | |
| 30-06-2009 | abbreviated format | 28-05-2010 | 2010-13100139 | |
| 30-06-2008 | abbreviated format | 30-01-2009 | 2009-02600200 | |
| 30-06-2007 | abbreviated format | 24-06-2008 | 2008-26600156 | |
| 30-06-2006 | abbreviated format | 31-08-2007 | 2007-66700122 |
Subsidies and aid
Flemish government 2022 to 2024, 2 entries, €4,704 awarded, €4,704 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €1,814 | €1,814 |
| 2022 | 1 | €2,890 | €2,890 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.1m | 894,706 | 932,399 | 1.2m | 722,170 | 917,272 | 546,219 | 750,151 | 1.8m | 785,605 | 355,018 | 621,844 | 655,707 | 403,755 | 631,559 | 452,841 | 522,753 | 376,956 | 53,298 | ||
| 890,452 | 792,010 | 870,341 | 1.1m | 694,663 | 885,507 | 514,830 | 705,977 | 1.7m | 711,039 | 280,945 | 540,843 | 634,413 | 558,772 | 526,000 | 318,961 | 370,059 | 282,356 | -7,231 | ||
| 1.2m | 458,942 | 647,752 | 378,134 | 1.6m | 486,888 | 870,907 | 268,891 | 1.5m | 651,132 | 1.0m | 610,696 | 74,430 | 738,433 | 396,154 | 509,520 | 293,816 | 783,845 | 1.0m | ||
| 835,373 | -833,720 | 616,994 | 179,491 | 46,033 | -138,700 | 229,868 | 8,427 | -251,245 | 298,792 | -148,393 | -85,064 | 205,970 | -92,539 | 185,930 | -44,519 | 92,057 | -35,457 | - | ||
| 2.0m | 1.7m | 1.3m | 792,313 | -927,290 | 451,288 | 151,984 | 249,595 | -94,351 | -227,641 | -314,068 | -171,521 | 94,917 | -355,050 | -288,794 | -227,117 | -16,750 | -169,750 | -262,271 | ||
| 56.5% | 58.6% | 56.5% | 42.1% | 35.5% | 39.8% | 32.7% | 32.5% | 31.5% | 11.4% | 7.9% | 18.4% | 20.2% | 13.4% | 10.6% | 6.7% | 8.9% | 5.4% | -4.9% | ||
| 2.34 | 2.13 | 2.11 | 1.51 | 0.62 | 1.36 | 1.11 | 1.13 | 0.94 | 0.81 | 0.81 | 0.89 | 1.11 | 0.69 | 0.80 | 0.83 | 0.98 | 0.84 | 0.46 | ||
| 0.70 | 0.67 | 0.71 | 1.29 | 1.69 | 1.31 | 1.86 | 1.87 | 1.99 | 7.12 | 10.62 | 4.01 | 3.56 | 5.98 | 7.89 | 13.47 | 9.90 | 17.65 | - | ||
| 5.6% | 9.2% | 11.4% | 19.4% | 4.6% | 16.6% | -6.3% | 7.8% | 73.7% | 25.3% | -106.6% | 5.6% | 28.0% | 18.7% | 37.0% | -11.2% | 36.5% | 29.4% | - | ||
| 3.2% | 5.4% | 6.4% | 8.2% | 1.6% | 6.6% | -2.1% | 2.5% | 23.2% | 2.9% | -8.4% | 1.0% | 5.7% | 2.5% | 3.9% | -0.8% | 3.3% | 1.6% | -5.7% | ||
| 18.96 | 19.39 | 13.24 | 11.89 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
Social balance sheet
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 16 | 17 | 16 | 9 |
| full-time | 16 | 17 | 15 | 8 |
| part-time | - | - | 1 | 1 |
| in full-time equivalents | 16 | 17 | 15.2 | 8.4 |
| 15.1 | 15.1 | 11.7 | 8.2 | |
| On a permanent contract | 13 | 11 | 11 | 7 |
| Joined | 16 | 19 | 25 | 12 |
| Left | 17 | 18 | 26 | 14 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | €1.9m |
| Debts guaranteed by Belgian public bodies | €1.3m | €779,555 | €1.1m | - |
| Mortgages, amount registered | €4.9m | €4.9m | €4.9m | €5.0m |
| Carrying value of the mortgaged assets | €1.8m | €1.6m | €2.3m | €3.2m |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €1.2m | €458,942 | €607,752 | €378,134 |
| Financial fixed assets | - | - | €40,000 | - |
| €709,830 | €513,402 | €558,063 | €623,733 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on GITRA
The operating result for 2025 is 7% lower than in 2024 and the lowest since 2021.
Debt's share of the balance-sheet total rises from 39.3% to 39.5%. Equity and debt are higher.
Large changes and their cause
- 2022 Net result +422% on 2021. The 2022 profit included a one-off income of €715,192.
Board & ownership
Board
2 directors, last change in 2023Director
in office according to the deed of 28-12-2023
term without a fixed end
earlier manager, until 28-12-2023
listed in the 2025 annual accounts, filed on 28-01-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. Hij kan bijzondere en beperkte…”deed of 28-12-2023
Mandates through the years
2 names, the dashed line is todayPAUWELS Erik
Director
Director
VAN DE VONDEL Brigitte
Director
Director
BoardEarliermandate already running before its first mention
Mandates as a list
- PAUWELS Erik
- Director, since before 30-06-2022
- Manager, until 28-12-2023
- VAN DE VONDEL Brigitte
- Director, since before 30-06-2025
Control
Capital
- Contribution
- €200,000
- Source
- 2025 annual accounts
Articles of association
deed of 28-12-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Algemene vergadering bepaalt aantal,duur en bij meerderen bevoegdheid, één of meer bestuurders natuurlijke of rechtspersonen al dan niet…”“Algemene vergadering kan plaatsvervangend bestuurder benoemen volgt van rechtswege enige bestuurder op bij ontslag of overlijden en vervangt…”“Bij ontslag,overlijden,feitelijke of gerechtelijk onbekwaamheid feitelijke via doktersattest behandelend geneesheer, bestuursorgaan kan…”
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 2,000 shares
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of November at 20:00
Capital transactions
Capital over time
- 28-12-2023 Converted to unavailable equity
- 28-12-2023 Converted to available equity
Network & group
No group
GITRA has no parent and no holdings in its annual accounts. GITRA shares no director with another company.
At the same address
Turnhoutsebaan 459, 2110 Wijnegem · 2 other companies| Cnaepkens, James (sole trader)
establishment since 01-10-2025 |
founded in 2025 1027.429.146 |
| Vereniging van Mede-eigenaars van het gebouw Turnhoutsebaan 459 te Wijnegem
registered office since 08-06-1998 |
founded in 1998 0876.585.436 |
Timeline
Timeline
36 events since 2005Board
Filings
Financial
Establishments
20062008201020122014201620182020202220242026
Deadline for the 2026 accounts: 31-01-2027
2026
Annual accounts 2025 filed PDFabbreviated format · 3 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0872923883
Annual accounts 2024 filed PDFabbreviated format · 3 days before the deadline
2024
Annual accounts 2023 filed PDFabbreviated format · on the deadline day
2023
Resignation: PAUWELS Erik (manager)Reappointment: PAUWELS Erik (director) · Director discharge: PAUWELS Erik (manager) · General meeting of 19-12-20236 points ▸
- General meeting, 19-12-2023
- Power of attorney, Luc Bracke
- Director resignation, PAUWELS Erik (manager)
- Director discharge, PAUWELS Erik (manager)
- Director reappointment, PAUWELS Erik
- Registered office clause, Turnhoutsebaan 459, 2110 Wijnegem
- The deed holds 5 more points.
Annual accounts 2022 filed PDFabbreviated format · on the deadline day
2022
Liquidity more than doubled current ratio 1.51 The current ratio rises from 0.62 to 1.51. Short-term debt falls from €2.4m to €1.5m.
Equity above €2m equity €2.4m ▲24.1% After 3 profitable years in a row, equity reaches €2.4m.
Annual accounts 2021 filed PDFabbreviated format · 23 days late
2021
Annual accounts 2020 filed PDFabbreviated format · 15 days late
2020
Back to profit net €310,359 The net result is €310,359, after one loss-making year.
Annual accounts 2019 filed PDFabbreviated format · on the deadline day
2019
Annual accounts 2018 filed PDFabbreviated format · 15 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 15 days before the deadline
2017
Highest result from 2007 to 2025 net €1.1m ▲1,009% The operating result of €1.2m and the net result of €1.1m are both a record.
Equity above €1m equity €1.5m ▲280% After 2 profitable years in a row, equity reaches €1.5m.
Annual accounts 2016 filed PDFabbreviated format · 1 day before the deadline
2016
Back to profit net €101,295 The net result is €101,295, after one loss-making year.
Annual accounts 2015 filed PDFabbreviated format · 9 days before the deadline
2015
Weakest financial year net -€319,094 The net result drops to -€319,094, the lowest from 2007 to 2025. It recovers the following year.
Annual accounts 2014 filed PDFabbreviated format · 16 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 1 day before the deadline
2013
Equity above €500,000 equity €583,664 ▲38.9% After 3 profitable years in a row, equity reaches €583,664.
Annual accounts 2012 filed PDFabbreviated format · 47 days late
2012
Annual accounts 2011 filed PDFabbreviated format · 77 days late
2011
Back to profit net €126,251 The net result is €126,251, after one loss-making year.
Annual accounts 2010 filed PDFabbreviated format · 4 days late
2010
Annual accounts 2009 filed PDFabbreviated format · 117 days late
2009
Equity above €200,000 equity €239,469 ▲57.5% After 2 profitable years in a row, equity reaches €239,469.
Annual accounts 2008 filed PDFabbreviated format · 1 day before the deadline
2008
Back to profit net €44,708 The net result is €44,708, after one loss-making year.
Equity above €150,000 equity €152,042 Equity rises from -€80,166 to €152,042.
Annual accounts 2007 filed PDFabbreviated format · 145 days late
2007
Annual accounts 2006 filed PDFabbreviated format · 212 days late
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
- 0872.923.883
- VAT number
- BE 0872.923.883
- Peppol ID
- 0208:0872923883
- Other Peppol ID
- 9925:BE0872923883
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 04-04-2005
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of November at 20:00deed of 28-12-2023 (in Dutch)
- Peppol
- Reachable since 03-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- GITRA in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 28-12-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 28-12-2023 (in Dutch)
Activities
NACEBEL 2025VAT activities
50400
Inland freight water transport main activity
Social security (RSZ) activities
50400
Inland freight water transport main activity
Joint committees annual accounts 30-06-2023
JC 139
Inland shipping
JC 140
Transport and logistics
JC 226
White-collar workers in international trade, transport and logistics
Codes under NACEBEL 2008
VAT activities
50400
Inland freight water transport main activity
70220
Business consulting
Social security (RSZ) activities
50400
Inland freight water transport main activity
Codes under NACEBEL 2003
VAT activities
61200
main activity
74142
Social security (RSZ) activities
61200
main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Alle transporten van personen,goederen,grondstoffen,petroleumproducten,chemicaliën en vloeibare gassen,zowel langs de…”deed of 28-12-2023 (in Dutch)
8 activities
- Alle transporten van personen,goederen,grondstoffen,petroleumproducten,chemicaliën en vloeibare gassen,zowel langs de zee,binnenwateren,spoor,weg en lucht,met alle thans bestaande en nog te creëren middelen,zowel nationaal als internationaal.
- In rechtstreeks of onrechtstreeks verband hiermede,alle verrichtingen van aankoop,verkoop,huren,verhuren,beheer,uitbating,agentuur,bevrachting,scheepsmakelarij,agentschappen en stouwerij.
- Alle verrichtingen van verzending in al zijn aspecten,met inbegrip van douaneagentuur,de goederenbehandeling inclusief havenarbeid in al zijn vormen,het beheer,de consignatie,de opslag en overslag van alle goederen en producten.
- Alle activiteiten die betrekking hebben op de uitbating,verhuring,het onderhoud en de herstelling van alle transportmiddelen en materialen.
- Het kopen en verkopen,huren en verhuren,bouwen en laten bouwen,van alle onroerende goederen,of in het algemeen alle verrichtingen met betrekking tot onroerende goederen,zo gronden als gebouwen.
- Het stimuleren,de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen,waarin ze een participatie aanhoudt.
- Het verlenen van diensten,adviezen en bijstand,in de meest ruime zin,rechtstreeks of onrechtstreeks,op het vlak van administratie en financiën,aankoop en verkoop,de productie en marketing,alsook het algemeen bestuur.
- Het waarnemen van de functie van bestuurder,manager of gemandateerde in andere ondernemingen en instellingen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| - registered office Turnhoutsebaan 459, 2110 Wijnegem | 04-04-2005 | 2.146.351.761 |
Buildings and parcels at the address
- Ground area
- 621 m²
- Buildings
- 391 m²
- Volume, LiDAR
- 2,028 m³
- Tallest building
- 8.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11050B0277/00Z002 | 621 m² | 1 · 390 m² | 8.0 m · 1 |