GITS
ActiveSummary
GITS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38,364 and a net result of €8,916. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 77% of 975 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+91
Solvency100▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 3.87 against 2.7 in 2024; short-term debt: 25% and cash: 20.5% of total assets), and 25% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75%
Return on assets
17.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
52 d early
2024
22 d late
2023
48 d early
2022
17 d late
2021
22 d late
2020
24 d late
2019
57 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€38,364▲ 30.3%
2024 · €29,448
Total assets
€51,155▲ 8.8%
2024 · €46,998
Net result
€8,916
2024 · -€11,012
Working capital
€36,687▲ 41.5%
2024 · €25,923
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€18,957▲ 127%-€1,607€6,108-€10,787€10,222
Net result€13,276within the sector's middle half▲ 97.1%-€2,824below the sector's middle half€3,105within the sector's middle half-€11,012below the sector's middle half€8,916within the sector's middle half
Equity€40,179within the sector's middle half▲ 49.3%€37,355within the sector's middle half▼ 7.0%€40,460within the sector's middle half▲ 8.3%€29,448within the sector's middle half▼ 27.2%€38,364within the sector's middle half▲ 30.3%
Total assets€86,289within the sector's middle half▲ 10.3%€101,569within the sector's middle half▲ 17.7%€75,983within the sector's middle half▼ 25.2%€46,998below the sector's middle half▼ 38.1%€51,155below the sector's middle half▲ 8.8%
Debt€46,110▼ 10.2%€64,214▲ 39.3%€35,524▼ 44.7%€17,550▼ 50.6%€12,791▼ 27.1%
Working capital€37,048▲ 42.0%€34,271▼ 7.5%€37,335▲ 8.9%€25,923▼ 30.6%€36,687▲ 41.5%
Solvency46.6%within the sector's middle half▲ 12.2pp36.8%within the sector's middle half▼ 9.8pp53.2%within the sector's middle half▲ 16.5pp62.7%within the sector's middle half▲ 9.4pp75.0%above the sector's middle half▲ 12.3pp
Staff (FTE)1▲ 25.0%1=11=
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €10,222 after a loss of €10,787 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51,155
Fixed assets
€1,677 ▼ 71.3%
Current assets
€49,478 ▲ 20.2%
Equity and liabilities €51,155
Equity
€38,364 ▲ 30.3%
Debt
€12,791 ▼ 27.1%
Debt's share of the balance-sheet total falls from 37.3% to 25.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14,386▲
2024 · -€6,623
Cash flow
€13,080▲
2024 · -€6,848
Current ratio
3.87▲
2024 · 2.70
Debt to equity
0.33▼
2024 · 0.60
ROE
23.2%▲
2024 · -37.4%
ROA
17.4%▲
2024 · -23.4%
Interest coverage
77.16▲
2024 · -28.04
Debt ≤ 1 year
€12,791▼
2024 · €15,234
Debt > 1 year
€0▼
2024 · €2,316
Income taxes
€1,282▲
2024 · €160
Staff costs
€67,964▲
2024 · €64,825
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 26,964 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €54,594 | €57,844 | €64,108 | €64,825 | €67,964 | ▲ 4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,758 | €4,435 | €4,435 | €4,164 | €4,164 | = |
| Other operating charges640/8 | €619 | €629 | €1,367 | €642 | €661 | ▲ 3.0% |
| Gross operating margin9900 | €76,928 | €61,302 | €76,018 | €58,844 | €83,011 | ▲ 41.1% |
| Operating profit (loss)9901 | €18,957 | -€1,607 | €6,108 | -€10,787 | €10,222 | ▲ 195% |
| Financial income75/76B | €348 | €160 | €132 | €171 | €162 | ▼ 5.3% |
| Recurring financial income75 | €348 | €160 | €132 | €171 | €162 | ▼ 5.3% |
| Financial charges65/66B | €277 | €640 | €830 | €236 | €186 | ▼ 21.1% |
| Recurring financial charges65 | €277 | €640 | €830 | €236 | €186 | ▼ 21.1% |
| Profit (loss) for the period before taxes9903 | €19,029 | -€2,087 | €5,409 | -€10,852 | €10,198 | ▲ 194% |
| Income taxes67/77 | €5,754 | €737 | €2,304 | €160 | €1,282 | ▲ 701% |
| Profit (loss) for the period9904 | €13,276 | -€2,824 | €3,105 | -€11,012 | €8,916 | ▲ 181% |
| Profit (loss) for the period to be appropriated9905 | €13,276 | -€2,824 | €3,105 | -€11,012 | €8,916 | ▲ 181% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86,289 | €101,569 | €75,983 | €46,998 | €51,155 | ▲ 8.8% |
| Fixed assets21/28 | €18,875 | €14,440 | €10,005 | €5,841 | €1,677 | ▼ 71.3% |
| Tangible fixed assets22/27 | €18,875 | €14,440 | €10,005 | €5,841 | €1,677 | ▼ 71.3% |
| Furniture and vehicles24 | €18,875 | €14,440 | €10,005 | €5,841 | €1,677 | ▼ 71.3% |
| Current assets29/58 | €67,414 | €87,128 | €65,978 | €41,157 | €49,478 | ▲ 20.2% |
| Amounts receivable within one year40/41 | €56,093 | €41,122 | €49,775 | €19,501 | €38,959 | ▲ 99.8% |
| Trade receivables40 | €53,523 | €38,310 | €45,866 | €14,071 | €32,485 | ▲ 131% |
| Other amounts receivable41 | €2,570 | €2,811 | €3,909 | €5,430 | €6,473 | ▲ 19.2% |
| Current investments50/53 | €10,570 | €45,699 | €0 | - | - | - |
| Cash at bank and in hand54/58 | - | - | €15,867 | €21,321 | €10,472 | ▼ 50.9% |
| Deferred charges and accrued income490/1 | €750 | €308 | €336 | €335 | €47 | ▼ 86.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86,289 | €101,569 | €75,983 | €46,998 | €51,155 | ▲ 8.8% |
| Equity10/15 | €40,179 | €37,355 | €40,460 | €29,448 | €38,364 | ▲ 30.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,855 | €31,155 | €34,260 | €23,248 | €32,164 | ▲ 38.4% |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | - | €29,300 | €32,405 | €21,393 | €30,309 | ▲ 41.7% |
| Profit (loss) carried forward14 | €32,124 | €0 | - | - | - | - |
| Amounts payable17/49 | €46,110 | €64,214 | €35,524 | €17,550 | €12,791 | ▼ 27.1% |
| Amounts payable after more than one year17 | €15,745 | €11,356 | €6,881 | €2,316 | €0 | ▼ 100% |
| Financial debts170/4 | €15,745 | €11,356 | €6,881 | €2,316 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €30,366 | €52,858 | €28,643 | €15,234 | €12,791 | ▼ 16.0% |
| Current portion of amounts payable after more than one year42 | €4,303 | €4,388 | €4,476 | €4,565 | €2,316 | ▼ 49.3% |
| Trade debts44 | €11,054 | €34,364 | €13,360 | €1,666 | €1,150 | ▼ 31.0% |
| Suppliers440/4 | €11,054 | €34,364 | €13,360 | €1,666 | €1,150 | ▼ 31.0% |
| Taxes, remuneration and social security45 | €15,009 | €14,105 | €10,807 | €9,003 | €9,325 | ▲ 3.6% |
| Taxes450/3 | €7,510 | €6,095 | €1,904 | €0 | - | - |
| Remuneration and social security454/9 | €7,500 | €8,010 | €8,903 | €9,003 | €9,325 | ▲ 3.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,276 | -€2,824 | €3,105 | -€11,012 | €8,916 | ▲ 181% |
| + Depreciation and write-downs630 | €2,758 | €4,435 | €4,435 | €4,164 | €4,164 | = |
| Operating cash flow (approximation) | €16,034 | €1,611 | €7,540 | -€6,848 | €13,080 | ▲ 291% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | €5,454 | -€10,849 | ▼ 299% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €8,916
Net result €8,916 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3,105
Net result €3,105 after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €21,137
Net result €21,137 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.88
Current ratio from 0.96 to 2.88; short-term debt falls from €25,318 to €10,150.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2017
Ground area
1,491 m²
Building footprint
984 m²
Volume, LiDAR
7,216 m³
Parcel 11463D0325/00K002, Flanders · tallest building 8.2 m, ±3 floors. Linked by address, not a title deed.
314
companies at this address
See who is registered here
1 establishment unit
GITS
since 20172.279.067.854
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0325/00K002 | Flanders | 1,491 m² | 1 · 984 m² | 8.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,187 companies in sector 52250 we hold annual accounts for 1,963. 1,080 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0675911440
Also
9925:BE0675911440
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.