GEMA
ActiveSummary
GEMA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.09M and a net result of €218k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 52% of 199 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-3
Solvency74▲+6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 2.16 against 1.87 in 2023; short-term debt: 25.3% and cash: 4.3% of total assets), but 51.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% 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 2024Solvency, return and age of the figures
Solvency
48.8%
Return on assets
5.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
15 d early
2023
27 d early
2022
23 d late
2021
2 d early
2020
36 d early
2019
62 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€2.09M▲ 11.6%
2023 · €1.87M
2018: €1.33Mlowest in 7 years
2019: €1.46M▲ +9.9% vs 2018
2020: €1.42M▼ -2.6% vs 2019
2021: €1.42M▼ -0.2% vs 2020
2022: €1.70M▲ +19.4% vs 2021
2023: €1.87M▲ +10.3% vs 2022
2024: €2.09M▲ +11.6% vs 2023highest in 7 years
2018 → 2024
Total assets
€4.28M▼ 1.9%
2023 · €4.36M
2018: €4.07M
2019: €4.03M▼ -1.0% vs 2018lowest in 7 years
2020: €4.32M▲ +7.3% vs 2019
2021: €4.48M▲ +3.5% vs 2020
2022: €4.84M▲ +8.2% vs 2021highest in 7 years
2023: €4.36M▼ -9.9% vs 2022
2024: €4.28M▼ -1.9% vs 2023
2018 → 2024
Net result
€218k▼ 34.9%
2023 · €335k
2018: €235k
2019: €134k▼ -43.0% vs 2018
2020: €110k▼ -18.0% vs 2019lowest in 7 years
2021: €230k▲ +110% vs 2020
2022: €476k▲ +107% vs 2021highest in 7 years
2023: €335k▼ -29.5% vs 2022
2024: €218k▼ -34.9% vs 2023
2018 → 2024
Working capital
€1.25M▲ 8.6%
2023 · €1.15M
2018: €1.52Mhighest in 7 years
2019: €992k▼ -34.6% vs 2018
2020: €932k▼ -6.1% vs 2019
2021: €920k▼ -1.4% vs 2020lowest in 7 years
2022: €1.06M▲ +15.1% vs 2021
2023: €1.15M▲ +8.9% vs 2022
2024: €1.25M▲ +8.6% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.42M-€1.42M▼ 0.2%€1.70M▲ 19.4%€1.87M▲ 10.3%€2.09M▲ 11.6%
2020: €1.42M
2021: €1.42M▼ -0.2% vs 2020lowest in 5 years
2022: €1.70M▲ +19.4% vs 2021
2023: €1.87M▲ +10.3% vs 2022
2024: €2.09M▲ +11.6% vs 2023highest in 5 years
Operating result€127k-€302k▲ 138%€611k▲ 102%€460k▼ 24.7%€275k▼ 40.1%
2020: €127klowest in 5 years
2021: €302k▲ +138% vs 2020
2022: €611k▲ +102% vs 2021highest in 5 years
2023: €460k▼ -24.7% vs 2022
2024: €275k▼ -40.1% vs 2023
Net result€110k-€230k▲ 110%€476k▲ 107%€335k▼ 29.5%€218k▼ 34.9%
2020: €110klowest in 5 years
2021: €230k▲ +110% vs 2020
2022: €476k▲ +107% vs 2021highest in 5 years
2023: €335k▼ -29.5% vs 2022
2024: €218k▼ -34.9% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 40% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.28M
Fixed assets
€1.94M ▲ 3.4%
Current assets
€2.33M ▼ 6.0%
Equity and liabilities €4.28M
Equity
€2.09M ▲ 11.6%
Debt
€2.19M ▼ 12.1%
Debt's share of the balance-sheet total falls from 57.1% to 51.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€552k▼
2023 · €727k
Cash flow
€495k▼
2023 · €603k
Current ratio
2.16▲
2023 · 1.87
Quick ratio
0.59▲
2023 · 0.44
Debt to equity
1.05▼
2023 · 1.33
ROE
10.5%▼
2023 · 17.9%
ROA
5.1%▼
2023 · 7.7%
Interest coverage
6.75▼
2023 · 8.30
Debt ≤ 1 year
€1.08M▼
2023 · €1.33M
Debt > 1 year
€1.10M▼
2023 · €1.15M
Income taxes
€56k▼
2023 · €127k
Staff costs
€1.30M▼
2023 · €1.39M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4.36M€4.28M▼
Fixed assets21/28€1.88M€1.94M▲
Tangible fixed assets22/27€1.88M€1.94M▲
Land and buildings22€1.19M€1.11M▼
Plant, machinery and equipment23€529k€419k▼
Furniture and vehicles24€32k€77k▲
Leasing and similar rights25€130k€335k▲
Financial fixed assets28€25€25=
Current assets29/58€2.48M€2.33M▼
Stocks and contracts in progress3€1.90M€1.70M▼
Stocks30/36€1.90M€1.70M▼
Amounts receivable within one year40/41€459k€447k▼
Trade receivables40€458k€419k▼
Other amounts receivable41€963€28k▲
Cash at bank and in hand54/58€119k€184k▲
Deferred charges and accrued income490/1€8k€7k▼
Equity and liabilities
Total equity and liabilities10/49€4.36M€4.28M▼
Equity10/15€1.87M€2.09M▲
Contributions10/11€19k€19k=
Reserves13€1.85M€2.07M▲
Tax-exempt reserves132€54k€119k▲
Distributable reserves133€1.80M€1.95M▲
Investment grants15€2k€710▼
Amounts payable17/49€2.49M€2.19M▼
Amounts payable after more than one year17€1.15M€1.10M▼
Financial debts170/4€1.15M€1.10M▼
Amounts payable within one year42/48€1.33M€1.08M▼
Current portion of amounts payable after more than one year42€289k€343k▲
Trade debts44€380k€278k▼
Suppliers440/4€380k€278k▼
Taxes, remuneration and social security45€275k€236k▼
Taxes450/3€114k€94k▼
Remuneration and social security454/9€161k€142k▼
Other amounts payable47/48€385k€225k▼
Accrued charges and deferred income492/3€8k€7k▼
Income statement
Code20232024
Non-recurring operating income76A-€65k
Remuneration, social security and pensions62€1.39M€1.30M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€267k€277k▲
Other operating charges640/8€76k€89k▲
Gross operating margin9900€2.19M€1.94M▼
Operating profit (loss)9901€460k€275k▼
Financial income75/76B€90k€81k▼
Recurring financial income75€90k€81k▼
Financial charges65/66B€88k€82k▼
Recurring financial charges65€88k€82k▼
Profit (loss) for the period before taxes9903€463k€274k▼
Income taxes67/77€127k€56k▼
Profit (loss) for the period9904€335k€218k▼
Transfer to tax-exempt reserves689-€65k
Profit (loss) for the period to be appropriated9905€335k€153k▼
Appropriation of the result
Profit (loss) to be appropriated9906€335k€153k▼
Transfer to equity691/2€175k€153k▼
To other reserves6921€175k€153k▼
Profit to be distributed694/7€160k-
Return on contributions (dividend)694€160k-
Social balance
Average headcount (FTE)908724.222.6▼
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €65k | - |
| Remuneration, social security and pensions62 | - | €1.34M | €1.47M | €1.39M | €1.30M | ▼ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €337k | €318k | €281k | €267k | €277k | ▲ 3.6% |
| Other operating charges640/8 | - | €93k | €79k | €76k | €89k | ▲ 16.9% |
| Gross operating margin9900 | €1.68M | €2.05M | €2.44M | €2.19M | €1.94M | ▼ 11.4% |
| Operating profit (loss)9901 | €127k | €302k | €611k | €460k | €275k | ▼ 40.1% |
| Financial income75/76B | - | €103k | €115k | €90k | €81k | ▼ 10.7% |
| Recurring financial income75 | €99k | €103k | €115k | €90k | €81k | ▼ 10.7% |
| Financial charges65/66B | - | €97k | €90k | €88k | €82k | ▼ 6.6% |
| Recurring financial charges65 | €102k | €97k | €90k | €88k | €82k | ▼ 6.6% |
| Profit (loss) for the period before taxes9903 | €125k | €308k | €635k | €463k | €274k | ▼ 40.8% |
| Income taxes67/77 | €15k | €78k | €159k | €127k | €56k | ▼ 56.3% |
| Profit (loss) for the period9904 | €110k | €230k | €476k | €335k | €218k | ▼ 34.9% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €65k | - |
| Profit (loss) for the period to be appropriated9905 | €166k | €230k | €476k | €335k | €153k | ▼ 54.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.32M | €4.48M | €4.84M | €4.36M | €4.28M | ▼ 1.9% |
| Fixed assets21/28 | €2.20M | €2.05M | €2.06M | €1.88M | €1.94M | ▲ 3.4% |
| Tangible fixed assets22/27 | €2.20M | €2.05M | €2.06M | €1.88M | €1.94M | ▲ 3.4% |
| Land and buildings22 | - | €1.32M | €1.27M | €1.19M | €1.11M | ▼ 6.5% |
| Plant, machinery and equipment23 | - | €498k | €448k | €529k | €419k | ▼ 20.7% |
| Furniture and vehicles24 | - | €91k | €66k | €32k | €77k | ▲ 143% |
| Leasing and similar rights25 | - | €139k | €129k | €130k | €335k | ▲ 158% |
| Assets under construction and advance payments27 | - | - | €144k | - | - | - |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €2.12M | €2.43M | €2.79M | €2.48M | €2.33M | ▼ 6.0% |
| Stocks and contracts in progress3 | €1.46M | €1.73M | €1.95M | €1.90M | €1.70M | ▼ 10.6% |
| Stocks30/36 | - | €1.73M | €1.95M | €1.90M | €1.70M | ▼ 10.6% |
| Amounts receivable within one year40/41 | €364k | €512k | €580k | €459k | €447k | ▼ 2.5% |
| Trade receivables40 | - | €506k | €579k | €458k | €419k | ▼ 8.4% |
| Other amounts receivable41 | - | €5k | €963 | €963 | €28k | ▲ 2,799% |
| Cash at bank and in hand54/58 | €142k | €183k | €249k | €119k | €184k | ▲ 55.0% |
| Deferred charges and accrued income490/1 | - | €8k | €6k | €8k | €7k | ▼ 13.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.32M | €4.48M | €4.84M | €4.36M | €4.28M | ▼ 1.9% |
| Equity10/15 | €1.42M | €1.42M | €1.70M | €1.87M | €2.09M | ▲ 11.6% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €1.40M | €1.40M | €1.68M | €1.85M | €2.07M | ▲ 11.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | €54k | €54k | €54k | €119k | ▲ 121% |
| Distributable reserves133 | - | €1.34M | €1.62M | €1.80M | €1.95M | ▲ 8.5% |
| Investment grants15 | - | €4k | €3k | €2k | €710 | ▼ 58.5% |
| Amounts payable17/49 | €2.90M | €3.06M | €3.15M | €2.49M | €2.19M | ▼ 12.1% |
| Amounts payable after more than one year17 | €1.71M | €1.54M | €1.42M | €1.15M | €1.10M | ▼ 4.6% |
| Financial debts170/4 | - | €1.54M | €1.42M | €1.15M | €1.10M | ▼ 4.6% |
| Amounts payable within one year42/48 | €1.19M | €1.51M | €1.73M | €1.33M | €1.08M | ▼ 18.6% |
| Current portion of amounts payable after more than one year42 | - | €331k | €296k | €289k | €343k | ▲ 18.6% |
| Financial debts43 | - | €204k | €478k | - | - | - |
| Credit institutions430/8 | - | €204k | €478k | - | - | - |
| Trade debts44 | €412k | €442k | €411k | €380k | €278k | ▼ 26.9% |
| Suppliers440/4 | - | €442k | €411k | €380k | €278k | ▼ 26.9% |
| Advances received on contracts in progress46 | - | €83 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €302k | €342k | €275k | €236k | ▼ 14.2% |
| Taxes450/3 | - | €132k | €154k | €114k | €94k | ▼ 17.6% |
| Remuneration and social security454/9 | - | €170k | €188k | €161k | €142k | ▼ 11.9% |
| Other amounts payable47/48 | - | €230k | €200k | €385k | €225k | ▼ 41.6% |
| Accrued charges and deferred income492/3 | - | €2k | €3k | €8k | €7k | ▼ 14.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €110k | €230k | €476k | €335k | €218k | ▼ 34.9% |
| + Depreciation and write-downs630 | €337k | €318k | €281k | €267k | €277k | ▲ 3.6% |
| Operating cash flow (approximation) | €447k | €548k | €757k | €603k | €495k | ▼ 17.8% |
| Investment in fixed assets (approximation) | - | €-164k | €-289k | €-91k | €-341k | ▼ 273% |
| Change in cash | - | €41k | €66k | €-130k | €65k | ▲ 150% |
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
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €2MEq €2.09M ▲11.6%
7 profitable years in a row build equity to €2.09M.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
31-12
Financial
Highest result since 2018net €476k ▲107%
Operating result €611k, net result €476k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €110k ▼18%
Net result drops to €110k, the lowest in the series; recovery starts the following year.
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 62 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Directors · office · real estate
Directors
5 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, Beringen · 1 establishment unit since 1994
Ground area
715 m²
Building footprint
204 m²
Volume, LiDAR
954 m³
Parcel 71004A0386/00N000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GEMA-PLASTICS
since 19942.068.573.005
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71004A0386/00N000 | Flanders | 715 m² | 1 · 204 m² | 7.5 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,794 EUR awarded · 2,794 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,705 EUR | 1,705 EUR |
| 2024 | 1 | 915 EUR | 915 EUR |
| 2023 | 1 | 87 EUR | 87 EUR |
| 2022 | 1 | 87 EUR | 87 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 602 companies in sector 22260 we hold annual accounts for 282. 172 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-09-1994
Fiscal year end31-12
Activities, NACEBEL 2025
22210Manufacture of rubber and plastic products
22260Manufacture of rubber and plastic products
Scores and ratios are computed by Checked and are not a credit decision.