GEM 2be
ActiveGEM 2be has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €230k and a net result of €14k. Equity is shrinking by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 41% of 27446 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
61
/ 100
Healthy▲ +39 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▲+30
Solvency62▼-4
Growth58=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 0.41 in 2024), and 61.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
38.8%
Return on assets
2.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
60 d late
2023
30 d late
2022
30 d late
2021
4 d early
2020
5 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€230k▼ 0.4%
2024 · €231k
2019: €393k
2020: €350k
2021: €268k
2022: €256k
2023: €272k
2024: €231k
2019 → 2025
Total assets
€594k▲ 26.6%
2024 · €469k
2019: €754k
2020: €744k
2021: €376k
2022: €636k
2023: €607k
2024: €469k
2019 → 2025
Net result
€14k
2024 · €-41k
2019: €-49k
2020: €-43k
2021: €290k
2022: €-12k
2023: €16k
2024: €-41k
2019 → 2025
Working capital
€9k
2024 · €-76k
2019: €-122k
2020: €-153k
2021: €375k
2022: €-6k
2023: €-26k
2024: €-76k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€268k-€256k▼ 4.5%€272k▲ 6.4%€231k▼ 14.9%€230k▼ 0.4%
Operating result€404k-€-12k€18k€-40k€-39k▲ 3.7%
Net result€290k-€-12k€16k€-41k€14k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €39k in 2025 against €40k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €594k
Fixed assets
€465k▲ 11.3%
Current assets
€129k▲ 150%
Equity and liabilities €594k
Equity
€230k▼ 0.4%
Provisions
€0▼ 100%
Debt
€364k▲ 172%
The debt ratio rises from 28.5% to 61.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-29k▲
2024 · €-33k
Cash flow
€24k▲
2024 · €-34k
Solvency
38.8%▼
2024 · 49.3%
Current ratio
1.07▲
2024 · 0.41
Quick ratio
1.05▲
2024 · 0.39
Debt / equity
1.58▲
2024 · 0.58
ROE
6.1%▲
2024 · -17.5%
ROA
2.4%▲
2024 · -8.6%
Interest coverage
-15.77▲
2024 · -23.00
Debt
€364k▲
2024 · €134k
Debt ≤ 1 year
€121k▼
2024 · €127k
Debt > 1 year
€243k▲
2024 · €6k
Income taxes
€50k▲
2024 · €19
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€469k€594k▲
Fixed assets21/28€418k€465k▲
Tangible fixed assets22/27€227k€274k▲
Plant, machinery and equipment23€7k€7k▼
Furniture and vehicles24€204€16k▲
Leasing and similar rights25€20k€16k▼
Assets under construction and advance payments27€200k€236k▲
Financial fixed assets28€190k€190k=
Current assets29/58€52k€129k▲
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€48k€109k▲
Trade receivables40€39k€16k▼
Other amounts receivable41€9k€92k▲
Cash at bank and in hand54/58€96€18k▲
Deferred charges and accrued income490/1€825€182▼
Equity and liabilities
Total equity and liabilities10/49€469k€594k▲
Equity10/15€231k€230k▼
Contributions10/11€19k€19k=
Reserves13€332k€211k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€315k€2k▼
Distributable reserves133€17k€209k▲
Profit (loss) carried forward14€-119k€0▲
Provisions and deferred taxes16€104k€0▼
Deferred taxes168€104k€0▼
Amounts payable17/49€134k€364k▲
Amounts payable after more than one year17€6k€243k▲
Financial debts170/4€6k€243k▲
Other amounts payable178/9€0-
Amounts payable within one year42/48€127k€121k▼
Current portion of amounts payable after more than one year42€31k€14k▼
Financial debts43€25k€0▼
Credit institutions430/8€25k€0▼
Trade debts44€12k€4k▼
Suppliers440/4€12k€4k▼
Taxes, remuneration and social security45€0€50k▲
Taxes450/3€0€50k▲
Other amounts payable47/48€59k€53k▼
Income statement
Code20242025
Non-recurring operating income76A-€7k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€10k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€-31k€-26k▲
Operating profit (loss)9901€-40k€-39k▲
Financial income75/76B€0€2▲
Recurring financial income75€0€2▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€-42k€-41k▲
Transfer from deferred taxes780€1k€104k▲
Income taxes67/77€19€50k▲
Profit (loss) for the period9904€-41k€14k▲
Transfer from tax-exempt reserves789€3k€313k▲
Profit (loss) for the period to be appropriated9905€-37k€327k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-119k€207k▲
Profit (loss) brought forward from the previous period14P€-82k€-119k▼
Transfer to equity691/2-€192k
To other reserves6921-€192k
Profit to be distributed694/7-€15k
Directors or managers695-€15k
The notes to these accounts (16 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
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.07
Current ratio from 0.41 to 1.07; short-term debt falls from €127k to €121k.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €290k
Net result €290k after 2 loss-making years.
30-06
Financial
Liquidity times 1083current ratio 341.42
Current ratio from 0.32 to 341.42; short-term debt falls from €224k to €1k.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 223 days late
2017
06-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 34 days late
2016
16-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waasmunster · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Molenstraat 429250 WaasmunsterGround area
2,081 m²
Building footprint
185 m²
Volume, LiDAR
1,235 m³
Parcel 42342C1581/00L000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GEM 2be
since 19932.063.453.185
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42342C1581/00L000 | Flanders | 2,081 m² | 1 · 185 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SOLID GROUP
BE 0641.629.363
Schilde · Eq €231k
ENTREPRISE GENERALE DE BATIMENT IMMO TRAVAUX
BE 0827.700.307
Elsene · Eq €230k
E&C Bouw
BE 0690.875.768
Maarkedal · Eq €230k
MDA CONSTRUCT
BE 0700.304.762
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CONCORDE INTERNATIONAL TRADING
BE 0463.029.203
Mouscron · Eq €230k
Of 15,435 companies in sector 43990 we hold annual accounts for 7,353. 5,633 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-08-1993
Fiscal year end31-12
Abbreviation NL
GEM
Activities, NACEBEL
43990Other specialised construction activities
43995Specialised construction activities
74142
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:052 21 41 54