About Grits
Grits is a private limited company (BV/SRL) based in Kortemark, founded in 2002. Its main activity is classified as "Groothandel in gereedschapswerktuigen". For the 2025 financial year, Grits reported a profit of €69,716. That makes 12 profitable financial years in a row for Grits. Revenue was not published, which is common for abbreviated accounts. The gross margin came to €161,732, up 14% on 2024. Equity stands at €463,588, a solvency ratio of 44%. In 2007 it was €15,140. 18 annual accounts are available, covering 2007 to 2025.
- Sectors
- Wholesalers
- Signals
-
ProfitableProfitable € 70K
The company reported a positive net result in the latest financial year.
Strong equityStrong equity € 464KStrong equity provides a buffer against setbacks.
Low riskLow risk 44.0%Good solvency (> 30%) points to long-term financial stability.
Good liquidityGood liquidity 2.20A healthy current ratio (≥ 1.5): enough current assets to cover short-term debt.
Positive cashflowPositive cashflow € 114KPositive operating cash flow in the latest financial year.
Positive EBITDAPositive EBITDA € 151KPositive EBITDA: operating activities are profitable.
Financial ratios
|
|
2025
|
2024
|
2023
|
2022
|
|---|---|---|---|---|
|
€
162K
|
€
142K
|
€
162K
|
€
180K
|
|
|
€
151K
|
€
134K
|
€
158K
|
€
174K
|
|
|
€
70K
|
€
71K
|
€
87K
|
€
102K
|
|
|
€
464K
|
€
459K
|
€
388K
|
€
326K
|
|
|
43.98%
|
43.64%
|
37.59%
|
32.71%
|
|
|
€
591K
|
€
593K
|
€
644K
|
€
672K
|
|
|
€
136K
|
€
110K
|
€
149K
|
€
335K
|
Publications 17
All publications- Statuten (Vertaling, Cordinatie, Overige Wijzigingen, ) - Wijziging Rechtsvorm - Benaming - Maatschappelijke Zetel - Ontslagen - Benoemingen - Algemene Vergadering - Boekjaar 29/10/2021
- Me. - Jaarrekening 30.09.2016, Ggk 11.03.2017, Ngl 05.04.2017 17090-0033-015 11/04/2017
- Me. - Jaarrekening 30.09.2015, Ggk 12.03.2016, Ngl 29.03.2016 16078-0493-016 01/04/2016
- Me. - Jaarrekening 30.09.2014, Ggk 14.03.2015, Ngl 23.03.2015 15069-0284-016 30/03/2015
- Ontslagen - Benoemingen - Boekjaar 14/01/2014
Frequently asked questions
Answers to the most common questions about Grits, based on official government data and the filed annual accounts.
What is the VAT number of Grits?
The VAT number of Grits is BE0478.765.670.
When was Grits established?
Grits was founded in 15-11-2002.
What is the official address of Grits?
The official address of Grits is Staatsbaan 94C Kortemark 8610.
What is the legal form of Grits?
The juridical form of Grits is Private limited company (BV/SRL).
What is the annual revenue of Grits?
The 2025 accounts of Grits do not report revenue. Smaller companies that file abbreviated accounts are not required to publish it.
Is Grits a reliable company?
Grits is a registered Rechtspersoon with company number 0478.765.670 and can be verified through the official CBE database.
What is the credit limit of Grits?
The estimated credit limit of Grits is €172,081.
Is Grits still active?
Grits currently has the status "Normal situation" and is active.