GITRACOM
InactiveFinancials · financial year 2025, micro format
Equity
€53,932▲ 13.1%
2024 · €47,680
Total assets
€61,033▼ 21.1%
2024 · €77,379
Net result
€6,253▼ 81.6%
2024 · €34,050
Working capital
€53,932▲ 15.4%
2024 · €46,744
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 81% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€6,790
2025
Net result€6,253
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€61,033
2025
Equity€53,932
2025
Debt€7,100
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€53,932
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€31,093-€8,659▼ 72.2%-€43,884-€47,350▼ 7.9%-€8,449▲ 82.2%€19,516€35,298▲ 80.9%€6,790▼ 80.8%
Net result€22,064-€5,429▼ 75.4%-€44,198-€47,766▼ 8.1%-€9,244▲ 80.6%€17,265€34,050▲ 97.2%€6,253▼ 81.6%
Equity€92,144-€97,573▲ 5.9%€53,375▼ 45.3%€5,609▼ 89.5%-€3,635€13,630€47,680▲ 250%€53,932▲ 13.1%
Total assets€143,621-€159,760▲ 11.2%€104,329▼ 34.7%€91,667▼ 12.1%€53,362▼ 41.8%€48,079▼ 9.9%€77,379▲ 60.9%€61,033▼ 21.1%
Debt€51,477-€62,188▲ 20.8%€50,954▼ 18.1%€86,058▲ 68.9%€56,997▼ 33.8%€34,449▼ 39.6%€29,699▼ 13.8%€7,100▼ 76.1%
Working capital€88,426-€83,825▼ 5.2%€39,831▼ 52.5%-€5,998-€9,981▼ 66.4%€12,570€46,744▲ 272%€53,932▲ 15.4%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €61,033
Equity
€53,932 ▲ 13.1%
Debt
€7,100 ▼ 76.1%
Debt's share of the balance-sheet total falls from 38.4% to 11.6%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
8.60▲
2024 · 2.57
Debt to equity
0.13▼
2024 · 0.62
ROE
11.6%▼
2024 · 71.4%
ROA
10.2%▼
2024 · 44.0%
Debt ≤ 1 year
€7,100▼
2024 · €29,699
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,213 | €5,729 | €6,506 | €6,532 | €5,648 | €29 | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €5,628 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €348 | €3,376 | €384 | €387 | €400 | ▲ 3.2% |
| Non-recurring operating charges66A | - | - | - | €50,527 | - | - | - | - | - |
| Gross operating margin9900 | €38,622 | €26,541 | -€7,045 | €15,685 | €575 | €19,930 | €35,685 | €7,190 | ▼ 79.9% |
| Operating profit (loss)9901 | €31,093 | €8,659 | -€43,884 | -€47,350 | -€8,449 | €19,516 | €35,298 | €6,790 | ▼ 80.8% |
| Financial income75/76B | - | - | - | €458 | €4 | - | €60 | €65 | ▲ 8.2% |
| Recurring financial income75 | €674 | €123 | €705 | €458 | €4 | - | €60 | €65 | ▲ 8.2% |
| Financial charges65/66B | - | - | - | €647 | €555 | €622 | €1,308 | €603 | ▼ 53.9% |
| Recurring financial charges65 | €484 | €1,118 | €806 | €647 | €555 | €622 | €1,308 | €603 | ▼ 53.9% |
| Profit (loss) for the period before taxes9903 | €31,283 | €7,664 | -€43,984 | -€47,538 | -€8,999 | €18,894 | €34,050 | €6,253 | ▼ 81.6% |
| Income taxes67/77 | €9,218 | €2,236 | €214 | €227 | €245 | €1,629 | - | - | - |
| Profit (loss) for the period9904 | €22,064 | €5,429 | -€44,198 | -€47,766 | -€9,244 | €17,265 | €34,050 | €6,253 | ▼ 81.6% |
| Profit (loss) for the period to be appropriated9905 | €22,064 | €5,429 | -€44,198 | -€47,766 | -€9,244 | €17,265 | €34,050 | €6,253 | ▼ 81.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €143,621 | €159,760 | €104,329 | €91,667 | €53,362 | €48,079 | €77,379 | €61,033 | ▼ 21.1% |
| Fixed assets21/28 | €3,718 | €23,234 | €18,526 | €11,994 | €6,346 | €1,060 | €935 | - | - |
| Tangible fixed assets22/27 | €3,593 | €23,109 | €18,401 | €11,869 | €6,221 | €935 | €935 | - | - |
| Furniture and vehicles24 | - | - | - | €11,869 | €6,221 | €935 | €935 | - | - |
| Financial fixed assets28 | €125 | €125 | €125 | €125 | €125 | €125 | - | - | - |
| Current assets29/58 | €139,903 | €136,526 | €85,803 | €79,673 | €47,017 | €47,019 | €76,443 | €61,033 | ▼ 20.2% |
| Amounts receivable within one year40/41 | €117,454 | €98,921 | €50,734 | €41,551 | €21,090 | €11,229 | €13,008 | €5,000 | ▼ 61.6% |
| Trade receivables40 | - | - | - | €36,895 | €16,062 | €8,103 | €9,637 | - | - |
| Other amounts receivable41 | - | - | - | €4,656 | €5,029 | €3,126 | €3,371 | €5,000 | ▲ 48.3% |
| Cash at bank and in hand54/58 | €19,739 | €35,055 | €34,875 | €36,715 | €24,463 | €35,597 | €63,272 | €56,033 | ▼ 11.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,407 | €1,463 | €192 | €163 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €143,621 | €159,760 | €104,329 | €91,667 | €53,362 | €48,079 | €77,379 | €61,033 | ▼ 21.1% |
| Equity10/15 | €92,144 | €97,573 | €53,375 | €5,609 | -€3,635 | €13,630 | €47,680 | €53,932 | ▲ 13.1% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €16,859 | €16,859 | €16,859 | €16,859 | €16,859 | €31,859 | €31,859 | €31,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €15,000 | €15,000 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | €56,693 | €62,122 | €17,924 | -€29,842 | -€39,086 | -€36,821 | -€2,771 | €3,481 | - |
| Amounts payable17/49 | €51,477 | €62,188 | €50,954 | €86,058 | €56,997 | €34,449 | €29,699 | €7,100 | ▼ 76.1% |
| Amounts payable after more than one year17 | - | €9,487 | €4,982 | €387 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €387 | - | - | - | - | - |
| Amounts payable within one year42/48 | €51,477 | €52,701 | €45,972 | €85,671 | €56,997 | €34,449 | €29,699 | €7,100 | ▼ 76.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,595 | €387 | - | - | - | - |
| Financial debts43 | - | - | - | €833 | €833 | €833 | €833 | €833 | = |
| Credit institutions430/8 | - | - | - | €833 | €833 | €833 | €833 | €833 | = |
| Trade debts44 | €25,941 | €41,203 | €25,720 | €16,215 | €10,345 | €2,972 | €4,673 | €76 | ▼ 98.4% |
| Suppliers440/4 | - | - | - | €16,215 | €10,345 | €2,972 | €4,673 | €76 | ▼ 98.4% |
| Taxes, remuneration and social security45 | - | - | - | €8,577 | €7,482 | €2,693 | €1,647 | €611 | ▼ 62.9% |
| Taxes450/3 | - | - | - | €6,577 | €5,482 | €2,693 | €1,647 | €611 | ▼ 62.9% |
| Remuneration and social security454/9 | - | - | - | €2,000 | €2,000 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €55,450 | €37,950 | €27,950 | €22,546 | €5,580 | ▼ 75.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,064 | €5,429 | -€44,198 | -€47,766 | -€9,244 | €17,265 | €34,050 | €6,253 | ▼ 81.6% |
| + Depreciation and write-downs630 | €3,213 | €5,729 | €6,506 | €6,532 | €5,648 | €29 | - | - | - |
| Operating cash flow (approximation) | €25,278 | €11,157 | -€37,692 | -€41,234 | -€3,596 | €17,295 | €34,050 | €6,253 | ▼ 81.6% |
| Investment in fixed assets (approximation) | - | -€25,244 | -€1,797 | €0 | €0 | €5,256 | €125 | - | - |
| Change in cash | - | €15,316 | -€180 | €1,840 | -€12,252 | €11,134 | €27,675 | -€7,239 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 42 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 12-06-2026 | 2026-00156809 |
| 31-12-2024 | micro format | 16-09-2025 | 2025-00492052 |
| 31-12-2023 | micro format | 21-08-2024 | 2024-00355769 |
| 31-12-2022 | micro format | 18-08-2023 | 2023-00334752 |
| 31-12-2021 | micro format | 05-10-2022 | 2022-20457409 |
| 31-12-2020 | micro format | 29-09-2021 | 2021-70800256 |
| 31-12-2019 | micro format | 20-11-2020 | 2020-71500338 |
| 31-12-2018 | micro format | 26-09-2019 | 2019-67100259 |
| 31-12-2017 | micro format | 29-08-2018 | 2018-52800248 |
| 31-12-2016 | micro format | 27-09-2017 | 2017-64500225 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.