Gem Juice

Active

Private limited companyfounded 20214 yrs activeNijverheidstraat 26, 8710 Wielsbeke, BelgiumKBO/BCE: BE 0779.384.013

The computed 12-month bankruptcy probability of Gem Juice is 2.5% (moderate). The 2024 annual accounts show equity of €14k and a net result of €379. Equity is shrinking by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 54% of 2091 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

48 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability70▲+70

Solvency60▼-40

Growth32=

Track record94

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity short (current ratio 0.68 against 2.99 in 2023; short-term debt: 65.2% and cash: 7.3% of total assets), and 65.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 10

Relative position

BE, all sectors

reference

Sector 10

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

34.8%

Return on assets

0.9%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

3 d early

2023

3 d early

2022

30 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€14k▲ 2.7%

2023 · €14k

2022: €19k 2023: €14k

2022 → 2024

Total assets

€41k▲ 125%

2023 · €18k

2022: €40k 2023: €18k

2022 → 2024

Net result

€379

2023 · €-5k

2022: €7k 2023: €-5k

2022 → 2024

Working capital

€-8k

2023 · €9k

2022: €13k 2023: €9k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€19k-€14k▼ 27.6%€14k▲ 2.7%

Operating result€10k-€-5k€705

Net result€7k-€-5k€379

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €705 after a loss of €5k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €41k

55.5%

44.5%

Fixed assets €23k▲ 323%

Current assets €18k▲ 42.5%

Equity and liabilities €41k

34.8%

65.2%

Equity €14k▲ 2.7%

Debt €27k▲ 525%

The debt ratio rises from 23.5% to 65.2%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€7k▲

2023 · €-3k

Cash flow

€6k▲

2023 · €-3k

Solvency

34.8%▼

2023 · 76.5%

Current ratio

0.68▼

2023 · 2.99

Quick ratio

0.39▼

2023 · 1.51

Debt / equity

1.87▲

2023 · 0.31

ROE

2.7%▲

2023 · -38.1%

ROA

0.9%▲

2023 · -29.1%

Interest coverage

93.38▲

2023 · -38.39

Debt

€27k▲

2023 · €4k

Debt ≤ 1 year

€27k▲

2023 · €4k

Income taxes

€256▲

2023 · €25

Staff costs

€36k▼

2023 · €36k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€18k€41k▲

Fixed assets21/28€5k€23k▲

Tangible fixed assets22/27€4k€22k▲

Plant, machinery and equipment23€4k€22k▲

Financial fixed assets28€892€500▼

Current assets29/58€13k€18k▲

Stocks and contracts in progress3€6k€8k▲

Stocks30/36€6k€8k▲

Amounts receivable within one year40/41€4k€7k▲

Trade receivables40€4k€5k▲

Other amounts receivable41€413€3k▲

Cash at bank and in hand54/58€3k€3k▲

Equity and liabilities

Total equity and liabilities10/49€18k€41k▲

Equity10/15€14k€14k▲

Contributions10/11€12k€12k=

Profit (loss) carried forward14€2k€2k▲

Amounts payable17/49€4k€27k▲

Amounts payable within one year42/48€4k€27k▲

Trade debts44€48€6k▲

Suppliers440/4€48€6k▲

Taxes, remuneration and social security45€250€6k▲

Taxes450/3€250€500▲

Remuneration and social security454/9€0€6k▲

Other amounts payable47/48€4k€15k▲

Income statement Code20232024

Remuneration, social security and pensions62€36k€36k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€6k▲

Other operating charges640/8€6k€3k▼

Gross operating margin9900€39k€45k▲

Operating profit (loss)9901€-5k€705▲

Financial charges65/66B€77€70▼

Recurring financial charges65€77€70▼

Profit (loss) for the period before taxes9903€-5k€635▲

Income taxes67/77€25€256▲

Profit (loss) for the period9904€-5k€379▲

Profit (loss) for the period to be appropriated9905€-5k€379▲

Appropriation of the result

Profit (loss) to be appropriated9906€2k€2k▲

Profit (loss) brought forward from the previous period14P€7k€2k▼

Transfer from equity791/2€0-

Transfer to equity691/2€0-

Shareholders' contribution to the loss794€0-

Profit to be distributed694/7€0-

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

2025

28-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €379

Net result €379 after one loss-making year.

28-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-5k ▼174%

Net result drops to €-5k, the lowest in the series; recovery starts the following year.

30-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2026

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.

01-01-2026 Robbert Minnebo: Resigned as Director

01-01-2023 Glenn Paelinck: Resigned as Director

Location & real-estate footprint

Registered office, Wielsbeke · 1 establishment unit since 2026

establishment The establishment unit on the map

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.

Nijverheidstraat 268710 Wielsbeke

Ground area

5,347 m²

Building footprint

1,380 m²