Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GARAGE GITS from Londerzeel, company number BE0425736562, closed financial year 2025 with a result of € 27,225 after tax. For that financial year GARAGE GITS recorded a gross margin of € 65,533 and equity of € 152,314. Compared with financial year 2024, the result moved from € 31,301 to € 27,225. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 152,314
▲ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 27,225
▼ 13% vs 2024
Profit after tax over the fiscal year.
€ 53,741
▼ 21% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 143,624.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 815
▲ 152% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 65,677
▼ 25% vs 2024
€ 22,085 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 12,276
▲ 221% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,976
▼ 5% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 41,373 | € 36,672 | € 74,644 | € 65,533 | ▼ 12% |
| Profit after taxes | € 13,457 | € 5,785 | € 31,301 | € 27,225 | ▼ 13% |
| Equity | € 88,002 | € 93,787 | € 125,088 | € 152,314 | ▲ 22% |
| Total debts | € 221,376 | € 198,174 | € 172,751 | € 128,840 | ▼ 25% |
| Cash | € 28,925 | € 29 | € 67,908 | € 53,741 | ▼ 21% |
| Land & buildings | € 231,802 | € 214,169 | € 199,360 | € 185,280 | ▼ 7% |
| Retained profit | € 79,313 | € 85,098 | € 116,399 | € 143,624 | ▲ 23% |
| Bank debt | € 134,583 | € 111,672 | € 87,915 | € 65,677 | ▼ 25% |
| Balance sheet total | € 309,379 | € 291,962 | € 297,840 | € 281,154 | ▼ 6% |
Key figures of GARAGE GITS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to GARAGE GITS?
What happened at GARAGE GITS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 27,225 (▼ 13% vs 2024). Source: NBB ↗
- New establishment in Asse. KBO
- Start of the company according to the CBE. KBO
In short
From € 13,457 profit in 2022 to € 27,225 profit in 2025.
Paid € 34,153 in corporate taxes since 2022.
Best year ever: 2024, with € 31,301 profit.
Management
Behind GARAGE GITS is Wilfried Gits.
Directors
According to the 2025 annual accounts
Wilfried Gits
Director
Establishments
Establishment units
Physical locations of this company
Bergkapelstraat 14
1840 Londerzeel
Brusselsesteenweg 307
1730 Asse
Active since 14 May 1984
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0425.736.562
- VAT number
- BE 0425.736.562
- Registered office
- Bergkapelstraat 14, 1840 Londerzeel
- Names & denominations
- GARAGE GITS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 1984
- Peppol
- Active · Active since 29 Oct 2026
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)