GRITS is a wholesaler in Kortemark. Private Limited, started on 15 November 2002, 1 establishment.

What is the address of GRITS?

The registered office of GRITS is located at Staatsbaan 94c, 8610 Kortemark.

Is GRITS still active?

Yes. According to the CBE (31 October 2026) GRITS is active, legal situation “Normale toestand”, started on 15 November 2002.

Is GRITS registered on Peppol?

Yes, GRITS is registered on the Peppol network with ID 0208:0478765670.

What is the enterprise number of GRITS?

The enterprise number of GRITS is BE0478765670.

When was GRITS founded?

GRITS was founded on 15 November 2002.

Who are the directors of GRITS?

According to the 2025 annual accounts, the directors of GRITS are: Alexander Pattyn, Annelore Denys.

Is GRITS a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 15 November 2002; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did GRITS make in 2025?

GRITS posted a profit after taxes of € 69,716 in financial year 2025.

What is the revenue of GRITS?

As a small company, GRITS is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 161,732.

GRITS (Private Limited) - Kortemark - BE0478765670

Dossier GRITS, printed on 31 October 2026 from databakkes.be/en/0478765670/grits. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

GRITS from Kortemark, company number BE0478765670, closed financial year 2025 with a result of € 69,716 after tax. For that financial year GRITS recorded a gross margin of € 161,732 and equity of € 463,588. Compared with financial year 2024, the result moved from € 71,328 to € 69,716. 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 August 21, 2026.

What it is worth Growing

€ 463,588

▲ 1% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 69,716

▼ 2% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 136,015

▲ 23% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 65,500 paid out

94 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Vehicles and equipment

€ 41,175

▲ 146% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 13 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 479,104

▲ 1% vs 2024

€ 36,746 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.

Owed to suppliers

€ 94,959

▼ 5% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 15,859

▼ 8% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 179,639 Gross margin 2022: € 179,639 First fiscal year in the series	€ 161,863 Gross margin 2023: € 161,863 ▼ 10% vs 2022 (€ 179,639) Unfavourable step	€ 142,246 Gross margin 2024: € 142,246 ▼ 12% vs 2023 (€ 161,863) Unfavourable step	€ 161,732 Gross margin 2025: € 161,732 ▲ 14% vs 2024 (€ 142,246) Favourable step	▲ 14%
Profit after taxes	€ 101,640 Profit after taxes 2022: € 101,640 First fiscal year in the series	€ 86,582 Profit after taxes 2023: € 86,582 ▼ 15% vs 2022 (€ 101,640) Unfavourable step	€ 71,328 Profit after taxes 2024: € 71,328 ▼ 18% vs 2023 (€ 86,582) Unfavourable step	€ 69,716 Profit after taxes 2025: € 69,716 ▼ 2% vs 2024 (€ 71,328) Unfavourable step	▼ 2%
Equity	€ 326,461 Equity 2022: € 326,461 First fiscal year in the series	€ 388,043 Equity 2023: € 388,043 ▲ 19% vs 2022 (€ 326,461) Favourable step	€ 459,371 Equity 2024: € 459,371 ▲ 18% vs 2023 (€ 388,043) Favourable step	€ 463,588 Equity 2025: € 463,588 ▲ 1% vs 2024 (€ 459,371) Favourable step	▲ 1%
Total debts	€ 671,687 Total debts 2022: € 671,687 First fiscal year in the series	€ 644,346 Total debts 2023: € 644,346 ▼ 4% vs 2022 (€ 671,687) Favourable step	€ 593,385 Total debts 2024: € 593,385 ▼ 8% vs 2023 (€ 644,346) Favourable step	€ 590,551 Total debts 2025: € 590,551 Unchanged (€ 593,385) Favourable step
Cash	€ 335,362 Cash 2022: € 335,362 First fiscal year in the series	€ 148,600 Cash 2023: € 148,600 ▼ 56% vs 2022 (€ 335,362) Unfavourable step	€ 110,246 Cash 2024: € 110,246 ▼ 26% vs 2023 (€ 148,600) Unfavourable step	€ 136,015 Cash 2025: € 136,015 ▲ 23% vs 2024 (€ 110,246) Favourable step	▲ 23%
Land & buildings	€ 469,461 Land & buildings 2022: € 469,461 First fiscal year in the series	€ 662,431 Land & buildings 2023: € 662,431 ▲ 41% vs 2022 (€ 469,461) Unchanged	€ 673,801 Land & buildings 2024: € 673,801 ▲ 2% vs 2023 (€ 662,431) Unchanged	€ 681,599 Land & buildings 2025: € 681,599 ▲ 1% vs 2024 (€ 673,801) Unchanged	▲ 1%
Retained profit	€ 307,461 Retained profit 2022: € 307,461 First fiscal year in the series	€ 369,043 Retained profit 2023: € 369,043 ▲ 20% vs 2022 (€ 307,461) Favourable step	€ 440,371 Retained profit 2024: € 440,371 ▲ 19% vs 2023 (€ 369,043) Favourable step	€ 444,588 Retained profit 2025: € 444,588 ▲ 1% vs 2024 (€ 440,371) Favourable step	▲ 1%
Dividend	€ 1,600 Dividend 2022: € 1,600 First fiscal year in the series	€ 25,000 Dividend 2023: € 25,000 ▲ € 23,400 vs 2022 (€ 1,600) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 25,000) Unchanged	€ 65,500 Dividend 2025: € 65,500 Unchanged (€ 0) Unchanged
Bank debt	€ 553,606 Bank debt 2022: € 553,606 First fiscal year in the series	€ 506,000 Bank debt 2023: € 506,000 ▼ 9% vs 2022 (€ 553,606) Favourable step	€ 476,667 Bank debt 2024: € 476,667 ▼ 6% vs 2023 (€ 506,000) Favourable step	€ 479,104 Bank debt 2025: € 479,104 ▲ 1% vs 2024 (€ 476,667) Unfavourable step	▲ 1%
Balance sheet total	€ 998,148 Balance sheet total 2022: € 998,148 First fiscal year in the series	€ 1,032,389 Balance sheet total 2023: € 1,032,389 ▲ 3% vs 2022 (€ 998,148) Unchanged	€ 1,052,756 Balance sheet total 2024: € 1,052,756 ▲ 2% vs 2023 (€ 1,032,389) Unchanged	€ 1,054,139 Balance sheet total 2025: € 1,054,139 Unchanged (€ 1,052,756) Unchanged

Key figures of GRITS, 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 GRITS?

What happened at GRITS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Aug 21, 2026 New annual accounts for financial year 2025: profit of € 69,716 (▼ 2% vs 2024). filed late Source: NBB ↗
Dec 18, 2002 New establishment in Kortemark. KBO
Nov 15, 2002 Start of the company according to the CBE. KBO
2002 Alexander Pattyn became a director. NBB
2002 Annelore Denys became a director. NBB

In short

From € 101,640 profit in 2022 to € 69,716 profit in 2025.

Paid € 126,154 in corporate taxes since 2022.

Best year ever: 2022, with € 101,640 profit.

Paid out € 92,100 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Alexander Pattyn Annelore Denys

GRITS

Behind GRITS are Alexander Pattyn and Annelore Denys.

Directors

According to the 2025 annual accounts

Alexander Pattyn

Director

since 2002

Annelore Denys

Director

since 2002

Establishments

Establishment units

Physical locations of this company

Registered office

Staatsbaan 94c

8610 Kortemark

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0478.765.670

VAT number

BE 0478.765.670

Registered office

Staatsbaan 94c, 8610 Kortemark

Names & denominations

GRITS

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

15 November 2002

Peppol

Active · Active since 19 Aug 2026

Activities · NACE

Groothandel in gereedschapswerktuigen

Vervaardiging van schuurmiddelen

Groothandel in andere machines en werktuigen, neg

Vervaardiging van ander technisch en industrieel textiel

Groothandel in vervoermiddelen met uitzondering van auto's, motorrijwielen en rijwielen, in meetapparaten en -instrumenten, in navigatieapparatuur en andere diverse machines en uitrusting voor de nijv

Vervaardiging van schuur-, slijp- en polijstmiddelen

Vervaardiging van overige textielproducten, n.e.g.

Groothandel in andere machines en werktuigen, n.e.g.

View on CBE Public ↗ Annual accounts (NBB) ↗

GRITS

Financials

What happened to GRITS?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions