GEM ONE
ActiveSummary
GEM ONE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.4m and a net result of €77,328. Equity is growing by ~55% per year across the filed fiscal years. Its solvency ranks better than 62% of 1547 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability55▲+22
Solvency81=
Growth85=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.93 against 3.29 in 2023; short-term debt: 27.1% of total assets), and 44% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 150 days later.
NBB · 5 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 24-04-2025, 6 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
6 d early
2023
27 d early
2022
6 d early
2021
5 d early
2020
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#6 company by equity in Waregem, Telecoms and IT sector#9 company by total assets in Waregem, Telecoms and IT sector
Turnover
€5.9m▼ 0.9%
2023 · €6.0m
EBIT margin
1.7%▲ 18.0pp
2023 · -16.2%
Net result
€77,328▼ 98.6%
2023 · €5.4m
Working capital
€2.3m▼ 17.0%
2023 · €2.7m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2020202220232024
Turnover€1.1m-€4.0m-€6.0m▲ 48.0%€5.9m▼ 0.9%
Operating result-€2.2m--€3.7m--€972,817▲ 73.5%€103,306
Net result-€2.2m--€3.8m-€5.4m€77,328▼ 98.6%
EBIT margin-198.1%--90.6%--16.2%▲ 74.3pp1.7%▲ 18.0pp
Equity-€2.1m--€10.0m-€2.4m€2.4m▲ 3.3%
Total assets€896,553-€4.9m-€4.2m▼ 13.0%€4.3m▲ 2.8%
Debt€3.0m-€14.9m-€1.9m▼ 87.4%€1.9m▲ 2.2%
Working capital€98,220--€7.6m-€2.7m€2.3m▼ 17.0%
Staff (FTE)8.9-23-21.6▼ 6.1%21.1▼ 2.3%
Why a figure moved sharply
- 2024 Net result -99% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €103,306 after a loss of €972,817 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.3m
Fixed assets
€903,077 ▲ 197%
Current assets
€3.4m ▼ 12.2%
Equity and liabilities €4.3m
Equity
€2.4m ▲ 3.3%
Debt
€1.9m ▲ 2.2%
Debt's share of the balance-sheet total falls from 44.2% to 44.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€180,187▲
2023 · -€909,682
Cash flow
€154,209▼
2023 · €5.4m
Current ratio
2.93▼
2023 · 3.29
Quick ratio
2.14▼
2023 · 2.25
Debt to equity
0.78▼
2023 · 0.79
ROE
3.2%▼
2023 · 227.4%
ROA
1.8%▼
2023 · 126.9%
Interest coverage
5.48▲
2023 · -4.40
Debt ≤ 1 year
€1.2m▼
2023 · €1.2m
Income taxes
-€2,891▼
2023 · €375,256
Staff costs
€2.2m▼
2023 · €2.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,637 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,637 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | - | €4.2m | €6.1m | €6.2m | ▲ 1.6% |
| Turnover70 | €1.1m | €4.0m | €6.0m | €5.9m | ▼ 0.9% |
| Other operating income74 | - | €121,037 | €113,626 | €267,298 | ▲ 135% |
| Non-recurring operating income76A | - | - | €5,300 | - | - |
| Operating charges60/66A | - | €7.8m | €7.1m | €6.1m | ▼ 13.8% |
| Goods for resale, raw materials and consumables60 | - | €1.6m | €2.3m | €835,196 | ▼ 62.9% |
| Purchases600/8 | - | €3.1m | €1.6m | €773,498 | ▼ 52.3% |
| Change in stocks: decrease (increase)609 | - | -€1.5m | €628,386 | €61,698 | ▼ 90.2% |
| Services and other goods61 | - | €4.2m | €2.4m | €2.4m | ▼ 1.3% |
| Remuneration, social security and pensions62 | - | €1.9m | €2.3m | €2.2m | ▼ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €35,090 | €63,135 | €76,881 | ▲ 21.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €26,865 | €247,120 | ▲ 820% |
| Other operating charges640/8 | - | €8,963 | €17,841 | €133,411 | ▲ 648% |
| Non-recurring operating charges66A | - | €97,627 | €11,877 | €163,525 | ▲ 1,277% |
| Operating profit (loss)9901 | -€2.2m | -€3.7m | -€972,817 | €103,306 | ▲ 111% |
| Financial income75/76B | - | €17,746 | €7.1m | €90,795 | ▼ 98.7% |
| Recurring financial income75 | €105 | €17,746 | €108,285 | €90,795 | ▼ 16.2% |
| Income from current assets751 | - | €250 | €16,949 | €22,049 | ▲ 30.1% |
| Other financial income752/9 | - | €17,496 | €91,335 | €68,746 | ▼ 24.7% |
| Non-recurring financial income76B | - | - | €7.0m | - | - |
| Financial charges65/66B | - | €174,219 | €401,593 | €119,664 | ▼ 70.2% |
| Recurring financial charges65 | €26,278 | €174,219 | €401,593 | €119,664 | ▼ 70.2% |
| Debt charges650 | €24,540 | €136,324 | €206,667 | €32,871 | ▼ 84.1% |
| Other financial charges652/9 | - | €37,895 | €194,927 | €86,793 | ▼ 55.5% |
| Profit (loss) for the period before taxes9903 | -€2.2m | -€3.8m | €5.7m | €74,437 | ▼ 98.7% |
| Income taxes67/77 | €1,643 | €9,824 | €375,256 | -€2,891 | ▼ 101% |
| Taxes670/3 | - | €10,014 | €375,256 | €4,224 | ▼ 98.9% |
| Tax adjustments and reversals of tax provisions77 | - | €190 | - | €7,116 | - |
| Profit (loss) for the period9904 | -€2.2m | -€3.8m | €5.4m | €77,328 | ▼ 98.6% |
| Profit (loss) for the period to be appropriated9905 | -€2.2m | -€3.8m | €5.4m | €77,328 | ▼ 98.6% |
| Line | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €896,553 | €4.9m | €4.2m | €4.3m | ▲ 2.8% |
| Fixed assets21/28 | €50 | €217,971 | €304,578 | €903,077 | ▲ 197% |
| Intangible fixed assets21 | - | €119,784 | €187,660 | €794,059 | ▲ 323% |
| Tangible fixed assets22/27 | - | €97,776 | €116,506 | €108,607 | ▼ 6.8% |
| Plant, machinery and equipment23 | - | - | €2,555 | €11,133 | ▲ 336% |
| Furniture and vehicles24 | - | €97,776 | €113,951 | €97,474 | ▼ 14.5% |
| Financial fixed assets28 | €50 | €412 | €412 | €412 | = |
| Other financial fixed assets284/8 | - | €412 | €412 | €412 | = |
| Amounts receivable and cash guarantees285/8 | - | €412 | €412 | €412 | = |
| Current assets29/58 | €896,503 | €4.6m | €3.9m | €3.4m | ▼ 12.2% |
| Stocks and contracts in progress3 | €45,067 | €1.9m | €1.2m | €919,298 | ▼ 25.9% |
| Stocks30/36 | - | €1.9m | €1.2m | €919,298 | ▼ 25.9% |
| Goods purchased for resale34 | - | €1.2m | €1.2m | €919,298 | ▼ 25.1% |
| Advance payments36 | - | €670,543 | €13,166 | - | - |
| Amounts receivable within one year40/41 | €519,642 | €2.7m | €2.6m | €2.4m | ▼ 6.8% |
| Trade receivables40 | - | €2.5m | €1.9m | €1.8m | ▼ 4.6% |
| Other amounts receivable41 | - | €132,285 | €719,834 | €631,830 | ▼ 12.2% |
| Cash at bank and in hand54/58 | €327,385 | - | €0 | - | - |
| Deferred charges and accrued income490/1 | - | €69,449 | €89,207 | €106,113 | ▲ 19.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €896,553 | €4.9m | €4.2m | €4.3m | ▲ 2.8% |
| Equity10/15 | -€2.1m | -€10.0m | €2.4m | €2.4m | ▲ 3.3% |
| Contributions10/11 | €61,500 | €61,500 | €4.0m | €4.0m | = |
| Capital10 | - | €61,500 | €4.0m | €4.0m | = |
| Issued capital100 | - | €61,500 | €4.0m | €4.0m | = |
| Profit (loss) carried forward14 | -€2.2m | -€10.1m | -€1.6m | -€1.6m | ▲ 4.7% |
| Amounts payable17/49 | €3.0m | €14.9m | €1.9m | €1.9m | ▲ 2.2% |
| Amounts payable after more than one year17 | €2.0m | €2.0m | - | - | - |
| Financial debts170/4 | - | €2.0m | - | - | - |
| Other loans174 | - | €2.0m | - | - | - |
| Amounts payable within one year42/48 | €798,283 | €12.2m | €1.2m | €1.2m | ▼ 1.3% |
| Trade debts44 | €600,801 | €849,739 | €604,707 | €684,923 | ▲ 13.3% |
| Suppliers440/4 | - | €849,739 | €604,707 | €684,923 | ▲ 13.3% |
| Taxes, remuneration and social security45 | - | €390,846 | €585,781 | €489,688 | ▼ 16.4% |
| Taxes450/3 | - | €33,248 | €181,881 | €25,359 | ▼ 86.1% |
| Remuneration and social security454/9 | - | €357,599 | €403,900 | €464,329 | ▲ 15.0% |
| Other amounts payable47/48 | - | €11.0m | €20 | €20 | = |
| Accrued charges and deferred income492/3 | - | €616,834 | €676,430 | €733,664 | ▲ 8.5% |
| Line | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2.2m | -€3.8m | €5.4m | €77,328 | ▼ 98.6% |
| + Depreciation and write-downs630 | - | €35,090 | €63,135 | €76,881 | ▲ 21.8% |
| Operating cash flow (approximation) | -€2.2m | -€3.8m | €5.4m | €154,209 | ▼ 97.2% |
| Investment in fixed assets (approximation) | - | - | -€149,742 | -€675,380 | ▼ 351% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
29-07
State Gazette act
Appointment: EY Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Francis Boelen · Power of attorney4 facts ▸
State Gazette act
Appointment: EY Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Francis Boelen · Power of attorney4 facts ▸
- General meeting, 26/06/2026
- Auditor appointment, EY Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Francis Boelen (permanent representative)
- Power of attorney, Aurélie Beyls
2025
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Back to profitnet €5.4m
Net result €5.4m after 2 loss-making years.
30-09
Financial
Liquidity times 9current ratio 3.29
Current ratio from 0.38 to 3.29; short-term debt falls from €12.2m to €1.2m.
30-09
Financial
Equity above €2mEq €2.4m
Equity rises from -€10.0m to €2.4m.
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Weakest financial yearnet -€3.8m
Net result drops to -€3.8m, the lowest in the series; recovery starts the following year.
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
14-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
Ernst et Young Reviseurs d'Entreprises
CurrentStatutory auditor · since 29-07-2026 · perm. rep.: Francis Boelen
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Waregem · 2 establishment units since 2019
Ground area
8.7 ha
Building footprint
6.2 ha
Volume, LiDAR
290,328 m³
2 parcels, Flanders · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.
20
companies at this address
See who is registered here
2 establishment units
Brabantstraat 15, 8790 Waregem
since 20192.291.673.696
Vichtseweg 129, 8790 Waregem
since 20252.389.255.005
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453F1100/00B000 | Flanders | 4.4 ha | 1 · 4.1 ha | - |
| 34453F1108/00D000 | Flanders | 4.3 ha | 1 · 2.1 ha | 17.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Ernst et Young Reviseurs d'Entreprises |
|
Structure & network
Part of the group
TVH Global
9 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- Wehold BOLU
- TVH Global
- TVH Parts Holding
- TVH PARTS
- GEM ONE
Highest known parent: Wehold BO (Luxembourg). The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 30-09-2024 list no holdings, and no other source names one.
According to the annual accounts to 30-09-2024 of GEM ONE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 367,604 EUR awarded · 294,731 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 0 EUR |
| 2024 | 1 | 360,873 EUR | 288,000 EUR |
| 2023 | 1 | 6,731 EUR | 6,731 EUR |
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 4,073 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-07-2019
Fiscal year end30-09
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Contact
Phone
056434211
E-invoicing
Reachable via Peppol
Peppol ID
0208:0730663386
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.