Losses
-€41,253 in five years
Every financial year from 2016 to 2020 closed with a loss. 2019 was the heaviest.
GEM CONSTRUCT
Overview
Lifetime
10 annual accounts with figures on one time axispeak €39,146 (2013)
-€3,357▼ €3,823
lowest -€17,001 (2019)
-€16,932▲ €69
peak €34,201 (2013)
-€8,166▼ €16,932
€9,898▼ 5.2%
Documentsfilings and deeds
30-08-202130 days late
2020micro format
Turnover from €4,355 to €622Gross margin from €466 to -€3,357Loss of €16,932Equity from €8,766 to -€8,166Cash from €1,278 to €13
Key points
from the 2020 annual accounts, the last ones filedPayment terms
1,009 days from customers
Customers pay 847 days later.
Filings
10 annual accounts 7 late
The 2014 accounts came latest: 82 days after the end of the period.
No score
Recent changes
Bankruptcy closure (insufficient assets)
Enterprise Court of Brussels · judgment of 19-12-2023 · Bankruptcy
Bankruptcy published
Enterprise Court of Brussels · judgment of 21-09-2021 · Bankruptcy
Incorporation
Gazette deed
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 23-02-2011 · bankruptcy closed on 19-12-2023
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2020
- €622▼ 85.7%
- €16,932▼ 0.4%
- -€8,166
- €1,732▼ 91.0%
- Filing
- Filed on 30-08-2021
Insights on GEM CONSTRUCT
Equity fell from €34,201 in 2013 to -€8,166 in 2020.
On 21 September 2021 the court declared GEM CONSTRUCT bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2020
micro format, filed on 30-08-2021, 30 days late€622
▼ 85.7%
-€3,729
▲ €14,134
-
-
-
-
Money flows
turnover is 3.0% of income in 2020Balance sheet
balance sheet total €1,732 on 31-12-2020What the company ownsHow it is paid for
in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
1,732 | 19,210 | 31,300 | 52,037 | 88,789 | 86,955 | 59,701 | 88,695 | 29,514 | 20,980 | |
21/28 |
- | - | 4,349 | 12,697 | 27,635 | 43,121 | 26,138 | 34,058 | 1,491 | - | |
22/27 |
- | - | 4,349 | 12,697 | 27,545 | 43,031 | 26,048 | 33,968 | 1,491 | - | |
23 |
- | - | - | - | - | 638 | 1,275 | - | - | - | |
24 |
- | - | - | - | 339 | 677 | 289 | 1,323 | 1,491 | - | |
28 |
- | - | - | - | 90 | 90 | 90 | 90 | - | - | |
29/58 |
1,732 | 19,210 | 26,951 | 39,340 | 61,154 | 43,834 | 33,563 | 54,637 | 28,023 | 20,980 | |
3 |
- | 16,000 | 7,500 | - | - | - | - | - | - | - | |
30/36 |
- | 16,000 | 7,500 | - | - | - | - | - | - | - | |
40/41 |
1,719 | 1,932 | 18,956 | 39,138 | 59,763 | 38,739 | 6,466 | 49,039 | 1,220 | - | |
40 |
- | - | 18,137 | 33,550 | 26,500 | 9,601 | - | 15,374 | 106 | - | |
41 |
1,719 | 1,932 | 819 | 5,588 | 33,263 | 29,138 | 6,466 | 33,664 | 1,114 | - | |
54/58 |
13 | 1,278 | 495 | 202 | 1,391 | 5,095 | 27,097 | 5,598 | 26,803 | 20,980 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
1,732 | 19,210 | 31,300 | 52,037 | 88,789 | 86,955 | 59,701 | 88,695 | 29,514 | 20,980 | |
10/15 |
-8,166 | 8,766 | 25,767 | 25,994 | 32,597 | 31,387 | 26,025 | 34,201 | 28,688 | 16,640 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 16,900 | 16,900 | 12,400 | 12,400 | 12,400 | |
100 |
- | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 1,700 | 1,700 | 6,200 | 6,200 | 6,200 | |
11 |
18,600 | - | - | - | - | - | - | - | - | - | |
1100/10 |
18,600 | - | - | - | - | - | - | - | - | - | |
13 |
2,030 | 2,030 | 2,030 | 2,030 | 2,030 | 2,030 | 2,030 | 2,030 | 1,004 | 402 | |
130/1 |
2,030 | - | - | - | - | - | - | - | - | - | |
130 |
- | 2,030 | 2,030 | 2,030 | 2,030 | 2,030 | 2,030 | 2,030 | 1,004 | 402 | |
1311 |
2,030 | - | - | - | - | - | - | - | - | - | |
14 |
-28,796 | -11,864 | 5,137 | 5,364 | 11,967 | 12,457 | 7,095 | 19,771 | 15,283 | 3,838 | |
17/49 |
9,898 | 10,444 | 5,533 | 26,043 | 56,192 | 55,568 | 33,676 | 54,493 | 826 | 4,340 | |
17 |
- | - | - | - | 9,354 | 13,351 | 10,881 | 17,909 | - | - | |
170/4 |
- | - | - | - | 9,354 | 13,351 | 10,881 | 17,909 | - | - | |
42/48 |
9,898 | 10,444 | 5,533 | 26,043 | 46,838 | 42,217 | 22,795 | 36,584 | 826 | 4,340 | |
42 |
- | - | 3,269 | 11,008 | 8,653 | 15,790 | 7,028 | 6,762 | - | - | |
44 |
1,104 | - | - | 488 | 734 | 18,812 | 15,684 | 14,377 | 468 | - | |
440/4 |
1,104 | - | - | 488 | 734 | 18,812 | 15,684 | 14,377 | 468 | - | |
46 |
- | - | - | - | 28,137 | - | - | - | - | - | |
45 |
- | - | - | - | 506 | 1,148 | 83 | 445 | 359 | 540 | |
450/3 |
- | - | - | - | 506 | 1,148 | - | 445 | 359 | 540 | |
454/9 |
- | - | - | - | - | - | 83 | - | - | - | |
47/48 |
8,794 | 10,444 | 2,264 | 14,547 | 8,808 | 6,467 | - | 15,000 | - | 3,800 | |
| Income statement | |||||||||||
70 |
622 | 4,355 | 7,500 | 34,160 | 35,934 | 75,142 | 79,496 | 144,432 | 45,896 | 9,000 | |
76A |
- | 8 | - | 8,696 | - | - | 7 | - | - | - | |
9900 |
-3,357 | 466 | -836 | 1,791 | 29,898 | 24,766 | 3,766 | 39,146 | 15,127 | 9,000 | |
60/61 |
3,980 | 3,889 | 8,337 | 32,370 | 6,036 | 50,376 | 75,729 | 105,286 | 30,769 | - | |
630 |
- | 5,935 | - | 6,687 | 15,486 | 15,774 | 9,833 | 9,195 | 746 | 960 | |
631/4 |
- | - | -1,652 | - | - | - | - | - | - | - | |
635/8 |
- | 11,898 | - | - | 10,000 | - | - | - | - | - | |
640/8 |
372 | 496 | 504 | 1,546 | 1,843 | 2,244 | 1,458 | 4,630 | 961 | - | |
66A |
- | 121 | 58 | 8,857 | 1,646 | 400 | 682 | 305 | - | - | |
9901 |
-3,729 | -17,863 | 312 | -6,442 | 2,569 | 6,748 | -7,525 | 25,321 | 13,420 | 8,040 | |
75/76B |
3,165 | 1,175 | 1,856 | 8,696 | - | 80 | 6 | - | 6 | - | |
75 |
- | 1,167 | 1,856 | - | - | 80 | 6 | - | 6 | - | |
76B |
3,165 | 8 | - | 8,696 | - | - | - | - | - | - | |
65/66B |
16,368 | 313 | 297 | 8,857 | 1,646 | 1,066 | 1,343 | 1,189 | 103 | - | |
65 |
194 | 192 | 239 | - | - | 1,066 | 1,343 | 1,189 | 103 | - | |
66B |
16,174 | 121 | 58 | 8,857 | 1,646 | - | - | - | - | - | |
9903 |
-16,932 | -17,001 | 1,871 | -6,603 | 923 | 5,362 | -9,537 | 23,827 | 13,324 | 8,040 | |
67/77 |
- | - | 2,098 | - | 1,413 | - | 3,139 | 3,313 | 1,276 | - | |
9904 |
-16,932 | -17,001 | -227 | -6,603 | -490 | 5,362 | -12,676 | 20,513 | 12,048 | 8,040 | |
9905 |
-16,932 | -17,001 | -227 | -6,603 | -490 | 5,362 | -12,676 | 20,513 | 12,048 | 8,040 | |
| Appropriation of the result | |||||||||||
9906 |
-28,796 | -11,864 | 5,137 | 5,364 | 11,967 | 12,457 | 7,095 | 35,797 | 15,886 | 8,040 | |
691/2 |
- | - | - | - | - | - | - | 1,026 | 602 | 402 | |
6920 |
- | - | - | - | - | - | - | 1,026 | 602 | 402 | |
694/7 |
- | - | - | - | - | - | - | 15,000 | - | 3,800 | |
694 |
- | - | - | - | - | - | - | - | - | 3,800 | |
695 |
- | - | - | - | - | - | - | 15,000 | - | - | |
| Document | |||||||||||
Source: Annual accounts 2020 (PDF), filed on 30-08-2021.
Filings
each dot is a set of accounts, on the day it reached the National Bank2020 annual accounts filed 30 days after the deadline. Filed on 30 August 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-59900166.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | micro format | 30-08-2021 | 2021-59900166 | |
| 31-12-2019 | full format | 11-06-2020 | 2020-16100366 | |
| 31-12-2018 | full format | 25-07-2019 | 2019-38200356 | |
| 31-12-2017 | full format | 21-09-2018 | 2018-64500507 | |
| 31-12-2016 | full format | 03-10-2017 | 2017-66500036 | |
| 31-12-2015 | full format | 17-10-2016 | 2016-65800360 | |
| 31-12-2014 | full format | 21-10-2015 | 2015-65500572 | |
| 31-12-2013 | full format | 31-07-2014 | 2014-38500187 | |
| 31-12-2012 | full format | 13-08-2013 | 2013-42400493 | |
| 31-12-2011 | full format | 21-08-2012 | 2012-44800283 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| - | -11,928 | - | 245 | 18,055 | 22,522 | 2,308 | 34,516 | 14,166 | 9,000 | ||
| - | -11,066 | - | 84 | 14,996 | 21,136 | -2,843 | 29,709 | 12,793 | 9,000 | ||
| - | 1,586 | - | -8,251 | 0 | 32,757 | 1,913 | 41,762 | 2,237 | - | ||
| -1,265 | 783 | 293 | -1,189 | -3,704 | -22,002 | 21,499 | -21,204 | 5,823 | - | ||
| -8,166 | 8,766 | 21,418 | 13,297 | 14,316 | 1,617 | 10,768 | 18,053 | 27,197 | 16,640 | ||
| - | - | 4.2% | -18.9% | 7.1% | 9.0% | -9.5% | 17.5% | 29.2% | 89.3% | ||
| - | 45.6% | 82.3% | 50.0% | 36.7% | 36.1% | 43.6% | 38.6% | 97.2% | 79.3% | ||
| - | 1.84 | 4.87 | 1.51 | 1.31 | 1.04 | 1.47 | 1.49 | 33.92 | 4.83 | ||
| - | 0.31 | 3.52 | 1.51 | 1.31 | 1.04 | 1.47 | 1.49 | 33.92 | 4.83 | ||
| - | 1.19 | 0.21 | 1.00 | 1.72 | 1.77 | 1.29 | 1.59 | 0.03 | 0.26 | ||
| - | -193.9% | -0.9% | -25.4% | -1.5% | 17.1% | -48.7% | 60.0% | 42.0% | 48.3% | ||
| - | -88.5% | -0.7% | -12.7% | -0.6% | 6.2% | -21.2% | 23.1% | 40.8% | 38.3% | ||
| 1009 days | 162 days | 883 days | 358 days | 269 days | 47 days | 30 days | 39 days | 1 day | - | ||
| 101 days | - | - | 6 days | 44 days | 136 days | 76 days | 50 days | 6 days | - |
EBIT margin. Not meaningful: turnover is only a small part of operating income.
The ratios are withheld because a balance sheet total of €1,732 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on GEM CONSTRUCT
The operating result for 2020 is a loss of €3,729, smaller than the loss of €17,863 in 2019.
Equity is negative. Debt (€9,898) exceeds the balance-sheet total (€1,732).
Board & ownership
Curator
1 mandateCurator, Kunstlaan 24 Bus 9A, 1000 Brussel 1
from 21-09-2021 to 19-12-2023
Also on 181 other cases
Control
Capital
- Capital
- €18,600
- Source
- 2019 annual accounts
Timeline
Timeline
18 events since 2011Filings
Financial
Insolvency
20122014201620182020202220242026
2023
Bankruptcy closure (insufficient assets) Enterprise Court of Brussels · judgment of 19-12-2023
2021
Bankruptcy published Enterprise Court of Brussels · judgment of 21-09-2021
Annual accounts 2020 filed PDFmicro format · 30 days late
2020
Annual accounts 2019 filed PDFfull format · 50 days before the deadline
2019
Weakest financial year net -€17,001 The net result drops to -€17,001, the lowest from 2011 to 2020.
Annual accounts 2018 filed PDFfull format · 6 days before the deadline
2018
Liquidity more than triples current ratio 4.87 The current ratio rises from 1.51 to 4.87. Short-term debt falls from €26,043 to €5,533.
Annual accounts 2017 filed PDFfull format · 52 days late
2017
Annual accounts 2016 filed PDFfull format · 64 days late
2016
Annual accounts 2015 filed PDFfull format · 78 days late
2015
Back to profit net €5,362 The net result is €5,362, after one loss-making year.
Annual accounts 2014 filed PDFfull format · 82 days late
2014
Annual accounts 2013 filed PDFfull format · on the deadline day
2013
Highest result from 2011 to 2020 net €20,513 ▲70.3% The operating result of €25,321 and the net result of €20,513 are both a record.
Annual accounts 2012 filed PDFfull format · 13 days late
2012
Liquidity times 7 current ratio 33.92 The current ratio rises from 4.83 to 33.92. Short-term debt falls from €4,340 to €826.
Annual accounts 2011 filed PDFfull format · 21 days late
2011
Incorporation PDF
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
GEM CONSTRUCT is no longer in the KBO register.
- Last annual accounts
- financial year to 31 December 2020
- Last registered office
- Rue Du Verdun 175, 1130 Haeren (Bruxelles)as published on 23 February 2011
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2011