Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 4.4 to 3.3.
Financials
Financial year 2025
GEERITS from Ieper, company number BE0428043875, closed financial year 2025 with a result of € 43,706 after tax. For that financial year GEERITS recorded a gross margin of € 215,773 and equity of € 813,711. Compared with financial year 2024, the result moved from € 62,664 to € 43,706. 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 March 25, 2026.
€ 813,711
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 43,706
▼ 30% vs 2024
Profit after tax over the fiscal year.
€ 532,362
▲ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 43,000 paid out
98 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
3.3
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 170,894
▲ 12% vs 2024
€ 51,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 18,842
▼ 44% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8,469
▼ 72% vs 2024
Loans from banks and other lenders, long and short.
€ 21,139
▼ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 66,571
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 355,171 | € 293,557 | € 231,430 | € 215,773 | ▼ 7% |
| Profit after taxes | € 178,368 | € 94,308 | € 62,664 | € 43,706 | ▼ 30% |
| Equity | € 776,033 | € 795,341 | € 813,004 | € 813,711 | |
| Total debts | € 405,433 | € 238,414 | € 170,289 | € 141,016 | ▼ 17% |
| Cash | € 639,634 | € 476,208 | € 485,634 | € 532,362 | ▲ 10% |
| Land & buildings | € 51,938 | € 45,089 | € 31,153 | € 25,776 | ▼ 17% |
| Retained profit | € 651,033 | € 670,341 | € 688,004 | € 688,711 | |
| Dividend | € 145,000 | € 75,000 | € 45,000 | € 43,000 | ▼ 4% |
| Bank debt | € 97,148 | € 63,777 | € 30,054 | € 8,469 | ▼ 72% |
| Balance sheet total | € 1,181,466 | € 1,033,755 | € 983,294 | € 954,727 | ▼ 3% |
| Employees (FTE) | 4 | 4.4 | 3.7 | 3.3 | ▼ 0.4 |
Key figures of GEERITS, 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 GEERITS?
What happened at GEERITS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Marian VANSTEENKISTE stepped down as director. NBB
- MAR-COMPANY VOF stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 43,706 (▼ 30% vs 2024). Source: NBB ↗
- Marian VANSTEENKISTE became a director. NBB
- MAR-COMPANY VOF became a director. NBB
- New establishment in Ieper. KBO
- Start of the company according to the CBE. KBO
In short
From € 178,368 profit in 2022 to € 43,706 profit in 2025.
Paid € 45,481 in corporate taxes since 2022.
Best year ever: 2022, with € 178,368 profit.
On average € 65,400 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
Marian VANSTEENKISTE
Managing director
since 2020 · until 2026
Managing director · represented by Marc GEERITS
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Grote Markt 39
8900 Ieper
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AMAZON-02 - Amazon.com, Inc., US
Website info
Features
Security
Details
- Company number
- 0428.043.875
- VAT number
- BE 0428.043.875
- Registered office
- Grote Markt 39, 8900 Ieper
- Names & denominations
- GEERITS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 November 1985
- Peppol
- Active · Active since 16 Apr 2025
- Contact
- modegeerits.be
- Activities · NACE
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
Detailhandel in bovenkleding voor heren, dames en kinderen (algemeen assortiment)