ACTIVE

GRITS

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Financial year 2025 · closed on 31/12/2025

Net result

69,7 k €

-2.3% YoY

Gross margin

161,7 k €

+13.7% YoY

Equity

463,6 k €

+0.9% YoY

What does GRITS do?

GRITS is a Private limited company incorporated in 2002. Its main activity is: Wholesale of machine tools. Its registered office is in Kortemark.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.765.670

Incorporation

15/11/2002

Legal form

Private limited company

Registered office

Staatsbaan 94c
8610 Kortemark · FlandreSee on map

Contributed capital

19 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

46620Wholesale of machine tools· main 46620Wholesale of machine tools 51810Air transport 13960Manufacture of other technical and industrial textiles 13960Manufacture of other technical and industrial textiles 17540Manufacture of paper and paper products+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2018		2017		2015		2014		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	161,7 k €	+13.7%	142,2 k €	-12.1%	161,9 k €	-9.9%	179,6 k €	+35.9%	132,2 k €	+81.8%	72,7 k €	+18.5%	61,4 k €	+18.9%	51,6 k €	-56.0%	117,3 k €	+99.5%	58,8 k €	+50.4%	39,1 k €	-23.7%	51,2 k €	-10.2%	57,1 k €	-1.3%	57,8 k €	+29.6%	44,6 k €
EBITDA	150,5 k €	+12.3%	134,1 k €	-15.3%	158,2 k €	-9.2%	174,3 k €	+40.3%	124,2 k €	+74.9%	71 k €	+25.2%	56,7 k €	+11.5%	50,9 k €	-53.9%	110,3 k €	+93.6%	57 k €	+104%	28 k €	+80.3%	15,5 k €	-35.9%	24,2 k €	-9.4%	26,7 k €	+37.9%	19,4 k €
Operating result	106 k €	-0.8%	106,9 k €	-13.6%	123,7 k €	-15.7%	146,7 k €	+118%	67,4 k €	+141%	28 k €	+28.1%	21,9 k €	+4.5%	20,9 k €	-72.4%	75,9 k €	+184%	26,8 k €	+559%	-5,8 k €	-1283%	493 €	-94.6%	9,1 k €	-30.0%	13 k €	+167%	4,9 k €
Net result	69,7 k €	-2.3%	71,3 k €	-17.6%	86,6 k €	-14.8%	101,6 k €	+127%	44,7 k €	+175%	16,3 k €	+55.2%	10,5 k €	+1.0%	10,4 k €	+1175%	815,5 €	-94.5%	14,7 k €	+193%	-15,9 k €	-89.2%	-8,4 k €	-1047%	-731,5 €	-115%	4,9 k €	+270%	1,3 k €
Balance sheet
Equity	463,6 k €	+0.9%	459,4 k €	+18.4%	388 k €	+18.9%	326,5 k €	+44.2%	226,4 k €	+244%	65,8 k €	+28.7%	51,1 k €	+144%	21 k €	+98.2%	10,6 k €	+8.3%	9,8 k €	+298%	-4,9 k €	-145%	10,9 k €	-43.4%	19,3 k €	-3.6%	20,1 k €	+32.5%	15,1 k €
Total assets	1,1 M €	+0.1%	1,1 M €	+2.0%	1 M €	+3.4%	998,1 k €	+33.2%	749,6 k €	+174%	273,4 k €	-4.7%	286,8 k €	-7.8%	311,1 k €	-2.7%	319,9 k €	+81.7%	176 k €	-4.8%	184,8 k €	+22.4%	151 k €	-22.1%	193,7 k €	+18.6%	163,4 k €	-12.2%	186 k €
Cash	136 k €	+23.4%	110,2 k €	-25.8%	148,6 k €	-55.7%	335,4 k €	+143%	137,9 k €	+935%	13,3 k €	+700%	1,7 k €	+272%	447,3 €	-82.6%	2,6 k €	+6611%	38,4 €	-32.1%	56,6 €	+168%	21,1 €	-93.8%	341,3 €	+353%	75,3 €	-51.7%	155,7 €
Debts	590,6 k €	-0.5%	593,4 k €	-7.8%	643,4 k €	-4.2%	671,3 k €	+28.4%	522,7 k €	+153%	206,5 k €	-12.0%	234,6 k €	-19.1%	290,1 k €	-6.2%	309,3 k €	+86.1%	166,2 k €	-12.4%	189,8 k €	+35.5%	140,1 k €	-19.7%	174,4 k €	+21.7%	143,3 k €	-16.1%	170,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,1 ETP	-87.5%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Alexander Pattyn

Director · since 13 novembre 2002

Active

Annelore Denys

Director · since 13 novembre 2002

Active

Ended mandates

Alexander Pattyn

Manager · since 13 novembre 2002

Ended

Annelore Denys

Manager · since 13 novembre 2002

Ended

Alexander Pattyn

Director

Ended

Alexander Pattyn

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	15 months	12 months	12 months
Filing date	21/08/2026	15/07/2025	11/07/2024	04/08/2023	11/04/2022	08/04/2021
General meeting	17/08/2026	15/07/2025	15/06/2024	15/07/2023	12/03/2022	13/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	17/08/2026	21/08/2026	Dutch	PDF
Abridged model	31/12/2024	15/07/2025	15/07/2025	Dutch	PDF
Abridged model	31/12/2023	15/06/2024	11/07/2024	Dutch	PDF
Abridged model	31/12/2022	15/07/2023	04/08/2023	Dutch	PDF
Abridged model	30/09/2021	12/03/2022	11/04/2022	Dutch	PDF
Abridged model	30/09/2020	13/03/2021	08/04/2021	Dutch	PDF
Abridged model	30/09/2019	14/03/2020	21/03/2020	Dutch	PDF
Abridged model	30/09/2018	09/03/2019	08/04/2019	Dutch	PDF
Abridged model	30/09/2017	10/03/2018	05/04/2018	Dutch	PDF
Abridged model	30/09/2016	11/03/2017	05/04/2017	Dutch	PDF
Abridged model	30/09/2015	12/03/2016	29/03/2016	Dutch	PDF
Abridged model	30/09/2014	14/03/2015	23/03/2015	Dutch	PDF
Abridged model	31/12/2012	14/06/2013	11/07/2013	Dutch	PDF
Abridged model	31/12/2011	09/06/2012	06/07/2012	Dutch	PDF
Abridged model	31/12/2010	29/06/2011	25/07/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	14/06/2010	Dutch	PDF
Abridged model	31/12/2008	13/06/2009	25/06/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	26/06/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	28/01/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Alexander Pattyn

Director · since 13 novembre 2002

Active

Annelore Denys

Director · since 13 novembre 2002

Active

Ended mandates

Alexander Pattyn

Manager · since 13 novembre 2002

Ended

Annelore Denys

Manager · since 13 novembre 2002

Ended

Alexander Pattyn

Director

Ended

Alexander Pattyn

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/10/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates14/01/2014
ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Registered office15/01/2004
MAATSCHAPPELIJKE ZETEL
PDF
Other22/11/2002
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202569,7 k €↓
2024
Annual accounts 202471,3 k €↓
2023
Annual accounts 202386,6 k €↓
2022
Annual accounts 2022101,6 k €↑
2021
Annual accounts 202144,7 k €↑
2021
Name changeGRITS
2018
Annual accounts 201816,3 k €↑
2017
Annual accounts 201710,5 k €↑
2015
Annual accounts 201510,4 k €↑
2014
Annual accounts 2014815,5 €↓
2012
Annual accounts 201214,7 k €↑
2011
Annual accounts 2011-15,9 k €↓
2010
Annual accounts 2010-8,4 k €↓
2009
Annual accounts 2009-731,5 €↓
2008
Annual accounts 20084,9 k €↑
2007
Annual accounts 20071,3 k €
2007
Name changeS & P
15/11/2002
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

GRITS

Overview

What does GRITS do?

Trend over 15 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline