GEMA
ActiveSummary
GEMA has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98,353 and a net result of €23,234. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 74% of 10645 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
What they do
Retail sale of meat and meat products, excluding game and poultry
NACE 47221Warehousing and support activities for transportation NACE 52220
1 site
How big
€159,002total assets 2025
- Staff
- 9.4 FTE
- Equity
- €98,353
- Profit
- €23,234
Turnover not published (abridged schema)
Who decides
- Parent
- UNIC-MONA · 75.27%
Accounts 47 d early0 of 9 deeds read
Why 83- Higher-failure-rate sector+ Long track record+ Annual accounts: healthy financial profile+ Growing equityLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+35
Solvency87▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 2.63 against 2.44 in 2024; short-term debt: 38% and cash: 32.7% of total assets), and 38.1% of the assets are financed with debt.
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Signals
Five 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
61.9%
Return on assets
14.6%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €98,353
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-12-2025, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
47 d early
2024
46 d early
2023
34 d early
2022
42 d early
2021
46 d early
2020
3 d early
2019
44 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 37 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 16 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Highest result since 2019net €23,234 ▲3,517%
- Annual accounts filedfiscal year 2024 · abbreviated…
Financials
Fiscal year 2025Total assets €159,002Profit €23,234Solvency 61.9%Liquidity 2.63
Total assets
€159,002▲ 24.5%
2019 - 2025
Net result
€23,234▲ 3,517%
2019 - 2025
Equity
€98,353▲ 30.9%
2019 - 2025
Staff (FTE)
9.4▲ 28.8%
2019 - 2025
Financials · fiscal year 2025, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14,189▲ 99.6%-€11,345-€3,937▲ 65.3%€2,204€32,573▲ 1,378%
Net result€10,039within the sector's middle half▲ 6,509%-€16,216below the sector's middle half-€3,670below the sector's middle half▲ 77.4%€642below the sector's middle half€23,234within the sector's middle half▲ 3,517%
Equity€94,362below the sector's middle half▼ 5.0%€78,146below the sector's middle half▼ 17.2%€74,477below the sector's middle half▼ 4.7%€75,119below the sector's middle half▲ 0.9%€98,353within the sector's middle half▲ 30.9%
Total assets€158,130below the sector's middle half▲ 0.8%€141,711below the sector's middle half▼ 10.4%€145,772below the sector's middle half▲ 2.9%€127,743below the sector's middle half▼ 12.4%€159,002below the sector's middle half▲ 24.5%
Debt€63,768▲ 10.7%€63,565▼ 0.3%€71,296▲ 12.2%€52,624▼ 26.2%€60,649▲ 15.2%
Working capital€94,362within the sector's middle half▼ 5.0%€78,146within the sector's middle half▼ 17.2%€74,650within the sector's middle half▼ 4.5%€75,379within the sector's middle half▲ 1.0%€98,618within the sector's middle half▲ 30.8%
Solvency59.7%within the sector's middle half▼ 3.6pp55.1%within the sector's middle half▼ 4.5pp51.1%within the sector's middle half▼ 4.1pp58.8%within the sector's middle half▲ 7.7pp61.9%within the sector's middle half▲ 3.1pp
Current ratio2.48within the sector's middle half▼ 0.242.23within the sector's middle half▼ 0.252.05within the sector's middle half▼ 0.182.44within the sector's middle half▲ 0.392.63within the sector's middle half▲ 0.19
Return on assets (ROA)6.3%within the sector's middle half▲ 6.3pp-11.4%below the sector's middle half▼ 17.8pp-2.5%below the sector's middle half▲ 8.9pp0.5%within the sector's middle half▲ 3.0pp14.6%above the sector's middle half▲ 14.1pp
Staff (FTE)10above the sector's middle half▼ 2.9%8.4above the sector's middle half▼ 16.0%8.2above the sector's middle half▼ 2.4%7.3within the sector's middle half▼ 11.0%9.4above the sector's middle half▲ 28.8%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 1,378% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €159,002
Equity
€98,353 ▲ 30.9%
Debt
€60,649 ▲ 15.2%
Debt's share of the balance-sheet total falls from 41.2% to 38.1%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
Debt to equity
0.62▼
2024 · 0.70
ROE
23.6%▲
2024 · 0.9%
Debt ≤ 1 year
€60,384▲
2024 · €52,364
Income taxes
€12,087▲
2024 · €4,140
Staff costs
€316,301▼
2024 · €317,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,371 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €344,616 | €320,257 | €317,000 | €316,301 | ▼ 0.2% |
| Other operating charges640/8 | - | €681 | €348 | €586 | €518 | ▼ 11.5% |
| Gross operating margin9900 | €344,171 | €333,951 | €316,668 | €319,790 | €349,392 | ▲ 9.3% |
| Operating profit (loss)9901 | €14,189 | -€11,345 | -€3,937 | €2,204 | €32,573 | ▲ 1,378% |
| Financial income75/76B | - | - | €3,093 | €2,662 | €2,776 | ▲ 4.3% |
| Recurring financial income75 | - | - | €3,093 | €2,662 | €2,776 | ▲ 4.3% |
| Financial charges65/66B | - | €160 | €32 | €84 | €29 | ▼ 66.2% |
| Recurring financial charges65 | €74 | €160 | €32 | €84 | €29 | ▼ 66.2% |
| Profit (loss) for the period before taxes9903 | €14,115 | -€11,506 | -€876 | €4,782 | €35,321 | ▲ 639% |
| Income taxes67/77 | €4,076 | €4,711 | €2,794 | €4,140 | €12,087 | ▲ 192% |
| Profit (loss) for the period9904 | €10,039 | -€16,216 | -€3,670 | €642 | €23,234 | ▲ 3,517% |
| Transfer from tax-exempt reserves789 | - | €29,941 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €10,039 | €13,724 | -€3,670 | €642 | €23,234 | ▲ 3,517% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €158,130 | €141,711 | €145,772 | €127,743 | €159,002 | ▲ 24.5% |
| Current assets29/58 | €158,130 | €141,711 | €145,772 | €127,743 | €159,002 | ▲ 24.5% |
| Amounts receivable within one year40/41 | €46,128 | €83,289 | €97,315 | €94,717 | €101,847 | ▲ 7.5% |
| Trade receivables40 | - | €33,283 | €40,498 | €34,032 | €41,790 | ▲ 22.8% |
| Other amounts receivable41 | - | €50,006 | €56,817 | €60,685 | €60,057 | ▼ 1.0% |
| Cash at bank and in hand54/58 | €110,130 | €56,323 | €44,498 | €29,270 | €51,916 | ▲ 77.4% |
| Deferred charges and accrued income490/1 | - | €2,099 | €3,959 | €3,756 | €5,239 | ▲ 39.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €158,130 | €141,711 | €145,772 | €127,743 | €159,002 | ▲ 24.5% |
| Equity10/15 | €94,362 | €78,146 | €74,477 | €75,119 | €98,353 | ▲ 30.9% |
| Contributions10/11 | - | €37,350 | €37,350 | €37,350 | €37,350 | = |
| Reserves13 | €55,482 | €25,541 | €25,541 | €25,541 | €25,541 | = |
| Non-distributable reserves130/1 | - | €3,735 | €3,735 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - |
| Other1319 | - | €3,735 | €3,735 | - | - | - |
| Tax-exempt reserves132 | - | €20,803 | €20,803 | €20,803 | €20,803 | = |
| Distributable reserves133 | - | €1,003 | €1,003 | €4,738 | €4,738 | = |
| Profit (loss) carried forward14 | €1,531 | €15,255 | €11,585 | €12,228 | €35,462 | ▲ 190% |
| Amounts payable17/49 | €63,768 | €63,565 | €71,296 | €52,624 | €60,649 | ▲ 15.2% |
| Amounts payable within one year42/48 | €63,768 | €63,565 | €71,122 | €52,364 | €60,384 | ▲ 15.3% |
| Trade debts44 | €12,755 | €2,760 | €2,016 | €1,919 | €1,724 | ▼ 10.2% |
| Suppliers440/4 | - | €2,760 | €2,016 | €1,919 | €1,724 | ▼ 10.2% |
| Taxes, remuneration and social security45 | - | €60,805 | €69,105 | €50,445 | €58,660 | ▲ 16.3% |
| Taxes450/3 | - | €17,220 | €27,818 | €9,384 | €31,042 | ▲ 231% |
| Remuneration and social security454/9 | - | €43,585 | €41,288 | €41,061 | €27,618 | ▼ 32.7% |
| Accrued charges and deferred income492/3 | - | - | €174 | €260 | €265 | ▲ 1.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,039 | -€16,216 | -€3,670 | €642 | €23,234 | ▲ 3,517% |
| Operating cash flow (approximation) | €10,039 | -€16,216 | -€3,670 | €642 | €23,234 | ▲ 3,517% |
| Change in cash | - | -€53,807 | -€11,825 | -€15,229 | €22,646 | ▲ 249% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
ELPI FOOD
BE 0633.626.071
Sint-Martens-Latem · Eq €98,324
GERALAN
BE 0689.713.946
Aalter · Eq €98,707
KRITA
BE 1008.166.728
Wingene · Eq €99,163
BOUCHRIF
BE 0564.898.405
Anderlecht · Eq €99,388
CHEZ DIMI &YAS
BE 0758.672.335
Nivelles · Eq €99,431
Of 3,042 companies in this sector we hold annual accounts for 1,568. 1,372 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
Parent UNIC-MONA · 75.27%
Directors
Directors
No directors read yet: 0 of 9 Gazette acts processed. See the function holders in the CBE →
Structure & network
Owners and holdings
2 ownersChain of control
- UNIC-MONA
- GEMA
Highest known parent: UNIC-MONA. The sources do not say who stands above it.
Owners 2
- UNIC-MONAparent75.27%
-
25%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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 directors read yet: 0 of 9 Gazette acts processed.
Timeline
14 eventsLatest 15-12-2025Next filing 31-01-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Highest result since 2019net €23,234 ▲3,517%
Operating result €32,573, net result €23,234, both a record.
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Back to profitnet €642
Net result €642 after 2 loss-making years.
2023
28-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€16,216
Net result drops to -€16,216, the lowest in the series; recovery starts the following year.
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Back to profitnet €152
Net result €152 after one loss-making year.
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company · founded 03-11-1983Year ends 30-06Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded03-11-1983
Fiscal year end30-06
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
E-invoicing
Reachable via Peppol
Peppol ID
0208:0424794276
Registered
18-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Izegem · 1 establishment unit since 1986
Ground area
1,231 m²
Building footprint
381 m²
Volume, LiDAR
3,165 m³
Parcel 36008A0232/00N004, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
Gentsestraat 61, 8870 Izegem
since 1986unit no. 2.033.627.863
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36008A0232/00N004 | Flanders | 1,231 m² | 1 · 381 m² | 13.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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