GEM
ActiveGEM has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €840k and a net result of €149k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 63% of 377 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▼-11
Solvency96▼-2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 2.01 against 2.2 in 2024), and 48.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.9%
Return on assets
9.2%
Age of the figures
17 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 07-10-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
99 d late
2023
29 d early
2022
35 d early
2021
34 d early
2020
29 d early
2019
128 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close11-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€149k▼ 24.9%
2024 · €198k
2019: €76k
2020: €137k
2021: €204k
2022: €125k
2023: €196k
2024: €198k
2019 → 2025
Working capital
€737k▲ 3.2%
2024 · €715k
2019: €369k
2020: €345k
2021: €495k
2022: €520k
2023: €618k
2024: €715k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€674k-€645k▼ 4.3%€737k▲ 14.2%€828k▲ 12.5%€840k▲ 1.4%
Operating result€335k-€219k▼ 34.6%€300k▲ 37.1%€282k▼ 6.2%€219k▼ 22.5%
Net result€204k-€125k▼ 38.5%€196k▲ 56.4%€198k▲ 1.1%€149k▼ 24.9%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 22% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.62M
Fixed assets
€152k▲ 31.6%
Current assets
€1.47M▲ 11.8%
Equity and liabilities €1.62M
Equity
€840k▲ 1.4%
Debt
€777k▲ 30.0%
The debt ratio rises from 41.9% to 48.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€283k▼
2024 · €352k
Cash flow
€213k▼
2024 · €269k
Solvency
51.9%▼
2024 · 58.1%
Current ratio
2.01▼
2024 · 2.20
Quick ratio
1.47▼
2024 · 1.59
Debt / equity
0.93▲
2024 · 0.72
ROE
17.7%▼
2024 · 24.0%
ROA
9.2%▼
2024 · 13.9%
Interest coverage
14.75▼
2024 · 25.18
Debt
€777k▲
2024 · €598k
Debt ≤ 1 year
€728k▲
2024 · €596k
Debt > 1 year
€48k
Income taxes
€69k▼
2024 · €86k
Staff costs
€911k▲
2024 · €837k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.43M€1.62M▲
Fixed assets21/28€116k€152k▲
Tangible fixed assets22/27€115k€151k▲
Plant, machinery and equipment23€9k€9k▲
Furniture and vehicles24€106k€143k▲
Financial fixed assets28€811€811=
Current assets29/58€1.31M€1.47M▲
Stocks and contracts in progress3€363k€398k▲
Stocks30/36€363k€398k▲
Amounts receivable within one year40/41€160k€173k▲
Trade receivables40€148k€165k▲
Other amounts receivable41€12k€8k▼
Current investments50/53€546k€520k▼
Cash at bank and in hand54/58€223k€350k▲
Deferred charges and accrued income490/1€19k€24k▲
Equity and liabilities
Total equity and liabilities10/49€1.43M€1.62M▲
Equity10/15€828k€840k▲
Contributions10/11€43k€43k=
Reserves13€786k€797k▲
Non-distributable reserves130/1€10k€10k=
Reserves not available under the articles1311€10k€10k=
Distributable reserves133€776k€787k▲
Amounts payable17/49€598k€777k▲
Amounts payable after more than one year17-€48k
Financial debts170/4-€48k
Amounts payable within one year42/48€596k€728k▲
Current portion of amounts payable after more than one year42€9k€11k▲
Financial debts43€10k€10k=
Credit institutions430/8€10k€10k=
Trade debts44€172k€240k▲
Suppliers440/4€172k€240k▲
Taxes, remuneration and social security45€254k€284k▲
Taxes450/3€110k€111k▲
Remuneration and social security454/9€144k€173k▲
Other amounts payable47/48€152k€182k▲
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20242025
Non-recurring operating income76A-€5k
Remuneration, social security and pensions62€837k€911k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€64k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€6k▼
Other operating charges640/8€32k€32k▼
Gross operating margin9900€1.23M€1.23M▲
Operating profit (loss)9901€282k€219k▼
Financial income75/76B€16k€19k▲
Recurring financial income75€16k€19k▲
Financial charges65/66B€14k€19k▲
Recurring financial charges65€14k€19k▲
Profit (loss) for the period before taxes9903€284k€218k▼
Income taxes67/77€86k€69k▼
Profit (loss) for the period9904€198k€149k▼
Profit (loss) for the period to be appropriated9905€198k€149k▼
Appropriation of the result
Profit (loss) to be appropriated9906€198k€149k▼
Transfer from equity791/2€62k€137k▲
Transfer to equity691/2€153k€149k▼
To other reserves6921€153k€149k▼
Profit to be distributed694/7€107k€137k▲
Return on contributions (dividend)694€107k€137k▲
Social balance
Average headcount (FTE)908718.520.9▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
07-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 99 days late
2023
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Highest result since 2019net €204k ▲48.4%
Operating result €335k, net result €204k, both a record.
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
06-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
07-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
no sitting director, last change in 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-10-2025
BOUVY Emmanuel: Resigned as Director
01-04-2025
JACQUEMART: Resigned as Director
10-02-2021
Sophie COLLET: Resigned as Director
24-07-2012
BOUVY Emmanuel: Resigned as Managing director
24-07-2012
Fabio LAUDELOUT: Resigned as Managing director
24-07-2012
JACQUEMART Benoit: Resigned as Managing director
Not every act has been read: a resignation may be missing here
10 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Philippeville · 1 establishment unit since 2008
Ground area
9,799 m²
Building footprint
554 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
GEM
since 20082.173.545.811
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93056D0102/00G000indicative | Wallonia | 9,227 m² | - | - |
| 93056D0115/00F000 | Wallonia | 572 m² | 1 · 554 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ORSYS BELGIUM
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TADICOM EUROPE
BE 0436.562.950
Zaventem · Eq €849k
O.B.S.
BE 0895.151.137
Aartselaar · Eq €852k
Of 2,121 companies in sector 46500 we hold annual accounts for 1,401. 932 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-10-2008
Fiscal year end31-03
Activities, NACEBEL
46500Wholesale of information and communication equipment
46510Wholesale trade
95100Repair and maintenance of computers and communication equipment
95110Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.