GRITS
ActiveGRITS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €464k and a net result of €70k. Equity is growing by ~23.4% per year across the filed fiscal years. Its solvency ranks better than 50% of 7924 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
86
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-3
Solvency89▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.2 against 2.45 in 2024), but 56% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
44%
Return on assets
6.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
16 d early
2023
20 d early
2022
4 d late
2021
19 d early
2020
22 d early
2019
40 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€464k▲ 0.9%
2024 · €459k
2018: €66k
2019: €118k
2020: €183k
2021: €226k
2022: €326k
2023: €388k
2024: €459k
2018 → 2025
Total assets
€1.05M▲ 0.1%
2024 · €1.05M
2018: €273k
2019: €289k
2020: €358k
2021: €750k
2022: €998k
2023: €1.03M
2024: €1.05M
2018 → 2025
Net result
€70k▼ 2.3%
2024 · €71k
2018: €16k
2019: €53k
2020: €67k
2021: €45k
2022: €102k
2023: €87k
2024: €71k
2018 → 2025
Working capital
€178k▼ 16.1%
2024 · €212k
2018: €31k
2019: €82k
2020: €147k
2021: €200k
2022: €344k
2023: €194k
2024: €212k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€226k-€326k▲ 44.2%€388k▲ 18.9%€459k▲ 18.4%€464k▲ 0.9%
Operating result€67k-€147k▲ 118%€124k▼ 15.7%€107k▼ 13.6%€106k▼ 0.8%
Net result€45k-€102k▲ 127%€87k▼ 14.8%€71k▼ 17.6%€70k▼ 2.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€728k▲ 4.8%
Current assets
€326k▼ 8.9%
Equity and liabilities €1.05M
Equity
€464k▲ 0.9%
Debt
€591k▼ 0.5%
The debt ratio falls from 56.4% to 56.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€146k▲
2024 · €136k
Cash flow
€109k▲
2024 · €101k
Solvency
44.0%▲
2024 · 43.6%
Current ratio
2.20▼
2024 · 2.45
Quick ratio
1.83▼
2024 · 2.10
Debt / equity
1.27▼
2024 · 1.29
ROE
15.0%▼
2024 · 15.5%
ROA
6.6%▼
2024 · 6.8%
Interest coverage
18.78▼
2024 · 21.79
Debt
€591k▼
2024 · €593k
Debt ≤ 1 year
€148k▲
2024 · €146k
Debt > 1 year
€442k▼
2024 · €447k
Income taxes
€30k▲
2024 · €29k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.05M€1.05M▲
Fixed assets21/28€695k€728k▲
Tangible fixed assets22/27€695k€728k▲
Land and buildings22€674k€682k▲
Plant, machinery and equipment23€4k€5k▲
Furniture and vehicles24€17k€41k▲
Current assets29/58€358k€326k▼
Stocks and contracts in progress3€51k€54k▲
Stocks30/36€51k€54k▲
Amounts receivable within one year40/41€196k€131k▼
Trade receivables40€171k€131k▼
Other amounts receivable41€24k€30▼
Cash at bank and in hand54/58€110k€136k▲
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.05M€1.05M▲
Equity10/15€459k€464k▲
Contributions10/11€19k€19k=
Reserves13€440k€445k▲
Distributable reserves133€440k€445k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€593k€591k▼
Amounts payable after more than one year17€447k€442k▼
Financial debts170/4€447k€442k▼
Amounts payable within one year42/48€146k€148k▲
Current portion of amounts payable after more than one year42€29k€37k▲
Trade debts44€100k€95k▼
Suppliers440/4€100k€95k▼
Taxes, remuneration and social security45€17k€16k▼
Taxes450/3€17k€16k▼
Other amounts payable47/48€0€629▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€40k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2k€5k▲
Other operating charges640/8€8k€11k▲
Gross operating margin9900€142k€162k▲
Operating profit (loss)9901€107k€106k▼
Financial income75/76B€93€1k▲
Recurring financial income75€93€1k▲
Financial charges65/66B€6k€8k▲
Recurring financial charges65€6k€8k▲
Profit (loss) for the period before taxes9903€101k€99k▼
Income taxes67/77€29k€30k▲
Profit (loss) for the period9904€71k€70k▼
Profit (loss) for the period to be appropriated9905€71k€70k▼
Appropriation of the result
Profit (loss) to be appropriated9906€0€70k▲
Profit (loss) brought forward from the previous period14P€-71k-
Transfer from equity791/2€0€66k▲
Transfer to equity691/2€0€70k▲
To other reserves6921€0€70k▲
Profit to be distributed694/7€0€66k▲
Return on contributions (dividend)694€0€66k▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 4 days late
2022
31-12
Financial
Highest result since 2018net €102k ▲127%
Operating result €147k, net result €102k, both a record.
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €200kEq €226k ▲23.5%
4 profitable years in a row build equity to €226k.
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €150kEq €183k ▲55.7%
3 profitable years in a row build equity to €183k.
21-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €100kEq €118k ▲78.8%
2 profitable years in a row build equity to €118k.
08-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kortemark · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Staatsbaan 94c8610 KortemarkGround area
2,524 m²
Building footprint
248 m²
Volume, LiDAR
1,245 m³
Parcel 32005G0037/00P000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GRITS
since 20022.114.709.074
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32005G0037/00P000 | Flanders | 2,524 m² | 1 · 248 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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Compagnie Européenne de Matériels a air comprimé-Technair bvba
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Of 824 companies in sector 46620 we hold annual accounts for 639. 516 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-11-2002
Fiscal year end31-12
Activities, NACEBEL
46620Wholesale of machine tools
13960Manufacture of textiles
17540
23910Manufacture of other non-metallic mineral products
46649Wholesale of other machinery and equipment
51872
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.