Equity
GEMA has made a profit in every financial year since 2006.
GEMA has made a profit in every financial year since 2006.
The result rose in 2025 from €218,479 to €275,343.
The abbreviated format states no turnover.
In 2025, 8 people joined and 7 left.
Four of the last ten came late. The 2019 accounts came latest: 62 days after the end of the period.
More equity than 83% of companies in rubber and plastics. Sector median €506,385 · 186 companies.
The dashed line is the sector median: 0.2% across 163 companies (NACE 22, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 22, small). It does better than 56% of them on solvency, 53% on liquidity, 68% on profitability and 64% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 20,137 companies had the same profile as GEMA has now. Each dot stands for 51 companies, two years later.
That fits the bankruptcy probability of GEMA itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for GEMA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 2.2 (2.16 in 2024), above the usual 1.5. Short-term debt is 25.5% and cash 4.9% of total assets. 46.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 4 days before the deadline. In the sector (NACE 22), the median for financial year 2024 was 14 days before the deadline, and 34% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| GEMA Beringen | €4.2m | €2.0m | 53.4% | 20.6 |
| STOCKPLASTICS - VORMSPUITWERK Wingene | €4.2m | €2.4m | 29.7% | 23.5 |
| BEOLOGIC Zwevegem | €4.7m | €2.2m | 21.0% | 23.2 |
| STEULER - CTI Ghent | €4.7m | €2.1m | 63.1% | 26.5 |
| NUTRIPACK OLEN Olen | €6.0m | €1.9m | 65.5% | 17.6 |
| CLEM Kortrijk | €3.6m | €2.6m | 83.4% | 17.5 |
| DELTENRE & CO Charleroi | €3.6m | €1.3m | 26.0% | 17.3 |
These companies have the same main activity as GEMA: manufacture of rubber and plastic products (NACE 22260). They are comparable in size and age: total assets between €3.6m and €6m, founded between 1988 and 1995.
GEMA files the abbreviated format. That format states no turnover. The gross margin rose from €919,630 in 2006 to €2.0m in 2025.
H.D.V. holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €3.5m. Estimated: probably between €2.4m and €5.7m.
Higher than 60% of 186 companies in 2025.
Higher than 61% of 183 companies in 2025.
Higher than 63% of 185 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 8 people joined and 7 left. Training hours in 2025: 35.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
4.2m | 4.3m | 4.4m | 4.8m | 4.5m | 4.3m | 4.0m | 4.1m | 3.4m | 3.3m | 3.4m | 2.4m | 2.3m | 2.1m | 1.9m | 1.8m | 1.7m | 1.8m | 1.6m | 1.4m | |
21/28 |
1.9m | 1.9m | 1.9m | 2.1m | 2.0m | 2.2m | 2.2m | 1.7m | 1.6m | 1.4m | 1.5m | 82,575 | 155,046 | 149,495 | 133,445 | 172,894 | 116,058 | 178,800 | 140,829 | 76,548 | |
22/27 |
1.9m | 1.9m | 1.9m | 2.1m | 2.0m | 2.2m | 2.2m | 1.7m | 1.6m | 1.4m | 1.5m | 82,550 | 155,021 | 149,470 | 133,420 | 172,869 | 116,033 | 178,760 | 140,790 | 76,508 | |
22 |
1.1m | 1.1m | 1.2m | 1.3m | 1.3m | 1.3m | 1.4m | 1.5m | 1.6m | 1.4m | 1.4m | - | - | - | - | - | - | - | - | - | |
23 |
351,638 | 419,384 | 528,552 | 448,084 | 498,292 | 598,992 | 615,655 | 22,520 | 21,997 | 40,186 | 63,034 | 17,232 | 19,320 | - | - | 0 | 449 | 1,683 | 5,054 | 6,862 | |
24 |
133,613 | 77,265 | 31,743 | 66,048 | 91,049 | 70,434 | 100,158 | 46,775 | 22,976 | 26,304 | 55,925 | 65,318 | 109,120 | 96,308 | 53,677 | 66,519 | 99,865 | 143,955 | 75,287 | 7,495 | |
25 |
305,214 | 334,705 | 129,864 | 129,019 | 138,502 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
26 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 28 | 15,719 | 33,121 | 57,344 | 48,351 | |
27 |
- | - | - | 144,160 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 40 | 40 | 40 | |
29/58 |
2.4m | 2.3m | 2.5m | 2.8m | 2.4m | 2.1m | 1.8m | 2.3m | 1.8m | 1.8m | 1.9m | 2.3m | 2.1m | 2.0m | 1.8m | 1.6m | 1.6m | 1.6m | 1.5m | 1.3m | |
29 |
- | - | - | - | - | 150,000 | 200,000 | 300,000 | 300,000 | 300,000 | 300,000 | - | - | - | - | - | - | - | - | - | |
291 |
- | - | - | - | - | 150,000 | 200,000 | 300,000 | 300,000 | 300,000 | 300,000 | - | - | - | - | - | - | - | - | - | |
3 |
1.8m | 1.7m | 1.9m | 2.0m | 1.7m | 1.5m | 1.1m | 955,081 | 948,461 | 795,006 | 882,980 | 747,060 | 659,888 | 703,095 | 534,888 | 395,164 | 407,658 | 447,251 | 394,193 | 317,340 | |
30/36 |
1.8m | 1.7m | 1.9m | 2.0m | 1.7m | 1.5m | 1.1m | 955,081 | 948,461 | 795,006 | 882,980 | 747,060 | 659,888 | 703,095 | 534,888 | 395,164 | 407,658 | 447,251 | 394,193 | 317,340 | |
40/41 |
411,270 | 447,391 | 458,983 | 579,643 | 511,700 | 364,106 | 388,288 | 715,317 | 455,579 | 581,916 | 475,857 | 1.3m | 1.3m | 1.2m | 1.2m | 1.1m | 1.0m | 991,607 | 970,650 | 895,888 | |
40 |
410,306 | 419,468 | 458,019 | 578,679 | 506,236 | 336,367 | 327,460 | 694,862 | 429,060 | 581,088 | 475,596 | 889,394 | 888,113 | 790,281 | 784,788 | 691,154 | 655,587 | 624,208 | 663,072 | 726,930 | |
41 |
963 | 27,923 | 963 | 963 | 5,463 | 27,739 | 60,828 | 20,455 | 26,519 | 828 | 260 | 374,247 | 399,247 | 378,681 | 375,263 | 384,012 | 374,247 | 367,400 | 307,578 | 168,958 | |
54/58 |
208,956 | 183,718 | 118,552 | 248,548 | 182,722 | 141,533 | 110,760 | 341,709 | 61,158 | 128,637 | 194,806 | 206,572 | 112,529 | 65,688 | 61,999 | 111,459 | 128,848 | 141,564 | 100,652 | 105,852 | |
490/1 |
1,803 | 7,206 | 8,339 | 5,986 | 8,420 | 9,343 | 12,004 | 34,065 | 11,460 | 12,437 | 7,875 | 78,014 | 70,142 | 49,014 | 37,573 | 40,503 | 38,106 | 39,063 | 27,611 | 13,303 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
4.2m | 4.3m | 4.4m | 4.8m | 4.5m | 4.3m | 4.0m | 4.1m | 3.4m | 3.3m | 3.4m | 2.4m | 2.3m | 2.1m | 1.9m | 1.8m | 1.7m | 1.8m | 1.6m | 1.4m | |
10/15 |
2.3m | 2.1m | 1.9m | 1.7m | 1.4m | 1.4m | 1.5m | 1.3m | 1.2m | 1.0m | 785,984 | 1.3m | 1.2m | 1.2m | 1.1m | 990,418 | 931,700 | 829,658 | 787,215 | 571,775 | |
10/11 |
18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
13 |
2.2m | 2.1m | 1.9m | 1.7m | 1.4m | 1.4m | 1.4m | 1.3m | 1.1m | 999,678 | 767,392 | 1.3m | 1.2m | 1.1m | 1.1m | 971,826 | 913,108 | 811,066 | 768,623 | 553,183 | |
130/1 |
- | - | - | 1,859 | 1,859 | 301,859 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
- | - | - | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1313 |
- | - | - | - | - | 300,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | - | - | - | - | - | - | - | - | - | |
132 |
118,750 | 118,750 | 53,750 | 53,750 | 53,750 | 53,750 | 110,000 | 110,000 | 85,000 | 66,250 | 66,250 | 66,250 | 66,250 | 66,250 | 66,250 | 66,250 | 56,250 | 56,250 | 56,250 | 56,250 | |
133 |
2.1m | 2.0m | 1.8m | 1.6m | 1.3m | 1.0m | 1.0m | 893,156 | 758,206 | 631,569 | 399,283 | 1.2m | 1.1m | 1.1m | 988,324 | 903,717 | 854,999 | 752,956 | 710,514 | 495,074 | |
15 |
- | 710 | 1,710 | 2,710 | 3,710 | 7,007 | 5,168 | 7,200 | - | - | - | - | - | - | - | - | - | - | - | - | |
16 |
- | - | - | - | - | - | - | - | - | 909 | 3,090 | 5,271 | 7,453 | - | - | - | 20,400 | 34,400 | 37,000 | 20,505 | |
160/5 |
- | - | - | - | - | - | - | - | - | 909 | 3,090 | 5,271 | 7,453 | - | - | - | 20,400 | 34,400 | 37,000 | 20,505 | |
160 |
- | - | - | - | - | - | - | - | - | 909 | - | - | - | - | - | - | - | - | - | - | |
17/49 |
2.0m | 2.2m | 2.5m | 3.1m | 3.1m | 2.9m | 2.6m | 2.7m | 2.2m | 2.2m | 2.6m | 1.1m | 1.1m | 978,197 | 852,930 | 804,768 | 768,404 | 934,227 | 809,720 | 816,651 | |
17 |
887,847 | 1.1m | 1.2m | 1.4m | 1.5m | 1.7m | 1.8m | 1.9m | 1.3m | 1.2m | 1.3m | 58,995 | 139,051 | 203,950 | 81,811 | 99,531 | 65,372 | 126,747 | 101,238 | 3,583 | |
170/4 |
887,847 | 1.1m | 1.2m | 1.4m | 1.5m | 1.7m | 1.8m | 1.9m | 1.3m | 1.2m | 1.3m | 58,995 | 139,051 | 203,950 | 81,811 | 99,531 | 65,372 | 126,747 | 101,238 | 3,583 | |
42/48 |
1.1m | 1.1m | 1.3m | 1.7m | 1.5m | 1.2m | 804,081 | 829,411 | 968,880 | 1.0m | 1.3m | 1.0m | 949,203 | 772,287 | 769,633 | 704,649 | 701,152 | 807,293 | 705,334 | 812,602 | |
42 |
329,752 | 343,201 | 289,300 | 295,917 | 331,358 | 299,318 | 261,337 | 231,756 | 110,673 | 102,402 | 124,031 | 87,815 | 123,699 | 87,544 | 37,900 | 79,739 | 61,375 | 67,142 | 88,474 | 10,133 | |
43 |
- | - | - | 478,213 | 204,203 | 61,638 | 45,515 | 45,795 | 165,112 | 31,182 | 72,032 | 51,750 | 69,063 | 43,109 | 63,067 | 62,180 | 46,929 | 39,976 | 27,387 | 61,486 | |
430/8 |
- | - | - | 478,213 | 204,203 | 61,638 | 45,515 | 45,795 | 165,112 | 31,182 | 72,032 | 51,750 | 69,063 | 43,109 | 63,067 | 62,180 | 46,929 | 39,976 | 27,387 | 61,486 | |
44 |
255,461 | 277,967 | 380,265 | 411,419 | 441,913 | 412,114 | 383,281 | 333,226 | 498,504 | 542,110 | 690,989 | 640,766 | 517,860 | 413,167 | 437,307 | 349,559 | 391,117 | 497,019 | 461,674 | 538,189 | |
440/4 |
255,461 | 277,967 | 380,265 | 411,419 | 441,913 | 412,114 | 383,281 | 333,226 | 498,504 | 542,110 | 690,989 | 640,766 | 517,860 | 413,167 | 437,307 | 349,559 | 391,117 | 497,019 | 461,674 | 538,189 | |
46 |
- | - | - | - | 83 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
285,391 | 235,846 | 275,032 | 341,795 | 301,552 | 266,444 | 113,948 | 143,634 | 144,590 | 310,502 | 226,402 | 261,661 | 238,581 | 228,467 | 231,359 | 213,171 | 201,731 | 203,156 | 127,800 | 202,794 | |
450/3 |
118,016 | 93,913 | 113,987 | 153,987 | 131,775 | 93,636 | 36,152 | 40,501 | 34,924 | 143,480 | 80,213 | 101,682 | 78,433 | 56,751 | 69,766 | 62,816 | 69,255 | 61,847 | 20,672 | 107,418 | |
454/9 |
167,376 | 141,933 | 161,045 | 187,808 | 169,778 | 172,807 | 77,796 | 103,133 | 109,666 | 167,021 | 146,189 | 159,979 | 160,148 | 171,717 | 161,592 | 150,355 | 132,476 | 141,309 | 107,129 | 95,376 | |
47/48 |
212,500 | 225,000 | 385,000 | 200,000 | 230,000 | 150,000 | - | 75,000 | 50,000 | 25,810 | 163,750 | - | - | - | - | - | - | - | - | - | |
492/3 |
7,000 | 7,000 | 8,200 | 3,059 | 2,152 | 1,780 | 1,451 | 1,529 | 1,094 | 1,163 | 2,392 | 971 | 642 | 1,959 | 1,486 | 588 | 1,881 | 187 | 3,148 | 466 | |
| Income statement | |||||||||||||||||||||
76A |
- | 65,000 | - | - | - | 6,709 | - | - | - | - | 16,843 | 7,000 | 9,700 | 2,056 | - | 10,000 | - | 6,000 | 12,498 | - | |
9900 |
2.0m | 1.9m | 2.2m | 2.4m | 2.0m | 1.7m | 1.4m | 1.6m | 1.4m | 1.5m | 1.4m | 1.0m | 962,845 | 1.1m | 1.0m | 890,955 | 937,931 | 926,962 | 1.1m | 919,630 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | |
62 |
1.3m | 1.3m | 1.4m | 1.5m | 1.3m | 1.1m | 833,425 | 913,096 | 856,064 | 856,435 | 809,398 | 773,755 | 781,465 | 787,797 | 761,607 | 676,630 | 702,220 | 752,677 | 640,887 | 505,069 | |
630 |
286,061 | 276,890 | 267,205 | 281,087 | 317,874 | 336,870 | 266,911 | 269,229 | 181,234 | 150,306 | 249,619 | 82,871 | 83,624 | 66,387 | 58,552 | 77,832 | 62,727 | 76,428 | 65,799 | 34,634 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | 1,332 | -4,586 | 7,486 | - | - | - | - | - | - | -5,352 | |
635/8 |
- | - | - | - | - | - | - | - | -5,141 | -2,181 | -2,181 | -2,181 | 7,453 | - | -7,163 | -13,237 | -14,000 | -2,600 | 16,495 | - | |
640/8 |
70,181 | 88,771 | 75,934 | 79,198 | 93,461 | 78,090 | 64,811 | 71,122 | 68,361 | 66,989 | 47,543 | 43,159 | 36,066 | 34,414 | 45,706 | 22,137 | 12,932 | 22,110 | 15,328 | 19,429 | |
649 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | |
66A |
- | - | - | - | - | 500 | - | - | - | - | 120 | 265 | 370 | 3,139 | 1,025 | 6,009 | 1,175 | - | 200 | 350 | |
9901 |
364,177 | 275,267 | 459,926 | 610,596 | 301,735 | 126,986 | 193,988 | 329,755 | 315,736 | 432,396 | 309,591 | 144,573 | 46,752 | 166,701 | 173,408 | 127,593 | 174,052 | 78,346 | 329,788 | 365,850 | |
75/76B |
90,815 | 80,641 | 90,299 | 114,877 | 102,971 | 99,427 | 71,759 | 68,045 | 66,172 | 49,166 | 17,055 | 11,738 | 34,447 | 355 | 4,861 | 1,932 | 10,898 | 17,716 | 15,206 | 5,206 | |
75 |
90,815 | 80,641 | 90,299 | 114,877 | 102,971 | 99,427 | 71,759 | 68,045 | 66,172 | 49,166 | 17,055 | 11,738 | 34,447 | 355 | 4,861 | 1,932 | 10,898 | 17,716 | 15,206 | 5,206 | |
65/66B |
77,650 | 81,838 | 87,577 | 90,339 | 96,507 | 101,566 | 93,164 | 82,478 | 76,016 | 79,041 | 83,528 | 40,044 | 44,963 | 43,505 | 47,686 | 35,063 | 34,612 | 36,960 | 33,440 | 20,446 | |
65 |
77,650 | 81,838 | 87,577 | 90,339 | 96,507 | 101,566 | 93,164 | 82,478 | 76,016 | 79,041 | 83,528 | 40,044 | 44,963 | 43,505 | 47,686 | 35,063 | 34,612 | 36,960 | 33,440 | 20,446 | |
9903 |
377,343 | 274,069 | 462,649 | 635,135 | 308,199 | 124,846 | 172,583 | 315,322 | 305,893 | 402,521 | 259,840 | 123,002 | 45,566 | 122,468 | 129,558 | 98,453 | 149,164 | 65,102 | 323,852 | 350,260 | |
67/77 |
102,000 | 55,590 | 127,149 | 158,960 | 78,058 | 15,026 | 38,580 | 80,372 | 110,505 | 144,425 | 89,488 | 40,987 | 15,007 | 39,436 | 44,951 | 39,735 | 47,122 | 22,659 | 108,413 | 122,864 | |
9904 |
275,343 | 218,479 | 335,499 | 476,175 | 230,141 | 109,820 | 134,003 | 234,950 | 195,388 | 258,096 | 170,352 | 82,016 | 30,559 | 83,032 | 84,608 | 58,718 | 102,042 | 42,442 | 215,440 | 227,396 | |
789 |
- | - | - | - | - | 56,250 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | 65,000 | - | - | - | - | - | 25,000 | 18,750 | - | - | - | - | - | - | 10,000 | - | - | - | - | |
9905 |
275,343 | 153,479 | 335,499 | 476,175 | 230,141 | 166,070 | 134,003 | 209,950 | 176,638 | 258,096 | 170,352 | 82,016 | 30,559 | 83,032 | 84,608 | 48,718 | 102,042 | 42,442 | 215,440 | 227,396 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
275,343 | 153,479 | 335,499 | 476,175 | 230,141 | 166,070 | 134,003 | 209,950 | 176,638 | 258,096 | 170,352 | 82,016 | 30,559 | 83,032 | 84,608 | 48,718 | 102,042 | 42,442 | 215,440 | 227,396 | |
791/2 |
- | - | - | - | - | - | - | - | - | - | 655,000 | - | - | - | - | - | - | - | - | - | |
691/2 |
175,343 | 153,479 | 175,499 | 276,175 | 141 | 16,070 | 134,003 | 134,950 | 126,638 | 232,286 | 170,352 | 82,016 | 30,559 | 83,032 | 84,608 | 48,718 | 102,042 | 42,442 | 215,440 | 227,396 | |
6921 |
175,343 | 153,479 | 175,499 | 276,175 | 141 | 16,070 | 134,003 | 134,950 | 126,638 | 232,286 | 170,352 | 82,016 | 30,559 | 83,032 | 84,608 | 48,718 | 102,042 | 42,442 | 215,440 | 227,396 | |
694/7 |
100,000 | - | 160,000 | 200,000 | 230,000 | 150,000 | - | 75,000 | 50,000 | 25,810 | 655,000 | - | - | - | - | - | - | - | - | - | |
694 |
100,000 | - | 160,000 | 200,000 | 230,000 | 150,000 | - | 75,000 | 50,000 | 25,810 | 655,000 | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
20.6 | 22.6 | 24.2 | 24.7 | 24.9 | 23.3 | 17.2 | 17 | 16.9 | 17.5 | 16.1 | 13 | 14.2 | 14.7 | 14.2 | 13.3 | 14.3 | 15.2 | 14.1 | 11.7 | |
Hours worked1013 |
33,484 | 33,083 | 36,881 | 41,926 | 41,301 | 36,681 | 27,495 | 28,963 | 27,113 | 28,846 | 26,529 | 22,251 | 22,511 | 23,170 | 24,053 | 22,040 | 22,588 | 25,122 | 23,752 | 18,802 | |
| Document | |||||||||||||||||||||
The accounts for 10 older financial years (1996-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 20 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 25-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 25-06-2026 | 2026-00196211 | |
| 31-12-2024 | abbreviated format | 16-07-2025 | 2025-00273462 | |
| 31-12-2023 | abbreviated format | 04-07-2024 | 2024-00205594 | |
| 31-12-2022 | abbreviated format | 23-08-2023 | 2023-00344634 | |
| 31-12-2021 | abbreviated format | 29-07-2022 | 2022-20244690 | |
| 31-12-2020 | abbreviated format | 25-06-2021 | 2021-26100338 | |
| 31-12-2019 | abbreviated format | 01-10-2020 | 2020-58900539 | |
| 31-12-2018 | abbreviated format | 26-08-2019 | 2019-51400265 | |
| 31-12-2017 | abbreviated format | 22-08-2018 | 2018-48400489 | |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-27400083 | |
| 31-12-2015 | abbreviated format | 29-08-2016 | 2016-52200256 | |
| 31-12-2014 | abbreviated format | 27-08-2015 | 2015-53000236 | |
| 31-12-2013 | abbreviated format | 26-08-2014 | 2014-48700587 | |
| 31-12-2012 | abbreviated format | 28-08-2013 | 2013-49600382 | |
| 31-12-2011 | abbreviated format | 27-08-2012 | 2012-47100031 | |
| 31-12-2010 | abbreviated format | 23-08-2011 | 2011-43400193 | |
| 31-12-2009 | abbreviated format | 06-08-2010 | 2010-39800004 | |
| 31-12-2008 | abbreviated format | 30-07-2009 | 2009-51200305 | |
| 31-12-2007 | abbreviated format | 24-06-2008 | 2008-28600071 | |
| 31-12-2006 | abbreviated format | 22-08-2007 | 2007-59700035 | |
| 31-12-2005 | abbreviated format | 29-08-2006 | 2006-70703595 | |
| 31-12-2004 | abbreviated format | 12-07-2005 | 2005-47002885 | |
| 31-12-2003 | abbreviated format | 16-07-2004 | 2004-47201349 | |
| 31-12-2002 | abbreviated format | 17-07-2003 | 2003-46404108 | |
| 31-12-2001 | abbreviated format | 05-07-2002 | 2002-34601487 | |
| 31-12-2000 | abbreviated format | 18-06-2001 | 2001-22704142 | |
| 31-12-1999 | abbreviated format | 20-06-2000 | 2000-24703779 | |
| 31-12-1998 | abbreviated format | 22-06-1999 | 1999-21305319 | |
| 31-12-1997 | abbreviated format | 29-06-1998 | 1998-25104236 | |
| 31-12-1996 | abbreviated format | 12-06-1997 | 1997-14801507 | |
| 31-03-1996 | abbreviated format | 30-09-1996 | 1996-45604641 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,705 | €1,705 |
| 2024 | 1 | €915 | €915 |
| 2023 | 1 | €87 | €87 |
| 2022 | 1 | €87 | €87 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 650,238 | 552,157 | 727,132 | 891,683 | 619,609 | 463,855 | 460,900 | 598,984 | 496,971 | 582,702 | 559,210 | 227,444 | 130,376 | 233,088 | 231,960 | 205,426 | 236,779 | 154,774 | 395,587 | 400,484 | ||
| 561,403 | 495,369 | 602,705 | 757,261 | 548,016 | 446,690 | 400,914 | 504,179 | 376,622 | 408,402 | 419,971 | 164,886 | 114,183 | 149,419 | 143,159 | 136,550 | 164,769 | 118,871 | 281,239 | 262,030 | ||
| 202,789 | 340,854 | 91,339 | 298,673 | 164,165 | 306,594 | 780,353 | 376,067 | 368,159 | 55,104 | 1.7m | 10,400 | 89,174 | 85,819 | 25,799 | 171,654 | -15 | 114,399 | 138,097 | 9,982 | ||
| 25,238 | 65,166 | -129,996 | 65,826 | 41,190 | 30,773 | -230,949 | 280,550 | -67,479 | -66,169 | -11,766 | 94,042 | 46,842 | 3,689 | -49,460 | -17,389 | -12,716 | 40,913 | -5,200 | - | ||
| 1.3m | 1.3m | 1.2m | 1.1m | 919,610 | 932,217 | 992,287 | 1.5m | 807,779 | 805,991 | 584,314 | 1.3m | 1.2m | 1.2m | 1.0m | 917,643 | 903,295 | 812,192 | 787,772 | 519,781 | ||
| 53.4% | 48.8% | 42.9% | 35.0% | 31.7% | 32.9% | 36.3% | 32.7% | 34.3% | 31.2% | 23.1% | 53.4% | 52.0% | 54.2% | 55.8% | 55.2% | 54.2% | 46.1% | 48.2% | 40.6% | ||
| 2.20 | 2.16 | 1.87 | 1.61 | 1.61 | 1.78 | 2.23 | 2.83 | 1.83 | 1.80 | 1.46 | 2.20 | 2.24 | 2.57 | 2.33 | 2.30 | 2.29 | 2.01 | 2.12 | 1.64 | ||
| 0.57 | 0.59 | 0.44 | 0.48 | 0.47 | 0.56 | 0.88 | 1.68 | 0.85 | 1.01 | 0.77 | 1.49 | 1.55 | 1.66 | 1.64 | 1.74 | 1.71 | 1.45 | 1.56 | 1.25 | ||
| 0.87 | 1.05 | 1.33 | 1.85 | 2.15 | 2.04 | 1.75 | 2.06 | 1.92 | 2.20 | 3.32 | 0.87 | 0.92 | 0.84 | 0.79 | 0.81 | 0.82 | 1.13 | 1.03 | 1.43 | ||
| 12.2% | 10.5% | 17.9% | 28.1% | 16.2% | 7.7% | 9.2% | 17.7% | 16.8% | 25.3% | 21.7% | 6.5% | 2.6% | 7.2% | 7.9% | 5.9% | 11.0% | 5.1% | 27.4% | 39.8% | ||
| 6.5% | 5.1% | 7.7% | 9.8% | 5.1% | 2.5% | 3.3% | 5.8% | 5.8% | 7.9% | 5.0% | 3.4% | 1.3% | 3.9% | 4.4% | 3.3% | 5.9% | 2.4% | 13.2% | 16.1% | ||
| 8.37 | 6.75 | 8.30 | 9.87 | 6.42 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 22 | 21 | 25 | 25 | 25 |
| full-time | 22 | 20 | 24 | 24 | 24 |
| part-time | - | 1 | 1 | 1 | 1 |
| in full-time equivalents | 22 | 20.5 | 24.5 | 24.5 | 24.5 |
| 20.6 | 22.6 | 24.2 | 24.7 | 24.9 | |
| On a permanent contract | 22 | 21 | 25 | 25 | 25 |
| Joined | 8 | 7 | 5 | 6 | 6 |
| Left | 7 | 11 | 5 | 6 | 5 |
| Training hours | 35 | 39 | 16 | 14 | 16 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €1.2m | €1.4m | €1.4m | €2.2m | €1.9m |
| Mortgages, amount registered | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 |
| €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | |
| Carrying value of the mortgaged assets | €1.1m | €1.1m | €1.2m | €1.3m | €1.3m |
| €559,157 | €559,157 | €559,157 | €559,157 | €559,157 | |
| Pledge on other assets, amount secured | €286,265 | €293,972 | €100,853 | €129,553 | - |
| Carrying value of the other pledged assets | €305,214 | €334,705 | €129,864 | €129,019 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €202,789 | €340,854 | €91,339 | €298,673 | €164,165 |
| €286,061 | €276,890 | €267,205 | €281,087 | €317,874 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 32% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 51.2% to 46.6%. Equity is higher and debt is lower.
Further up the chainH.D.V. BV consolidates
Source: parent in its own accounts, lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of H.D.V.. Every holding stands with its own latest accounts.
| H.D.V.
registered office since 08-12-1992 · founded in 1992 |
total assets €2.6m (2025) 0448.713.783 |
The network lets you explore the ties of GEMA.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Paalsesteenweg 73 registered office 3580 Beringen | ||
| GEMA-PLASTICS Paalsesteenweg 73/0002, 3580 Beringen 22210 Manufacture of rubber and plastic products | 10-10-1994 | 2.068.573.005 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71004A0386/00N000 | 715 m² | 1 · 204 m² | 7.5 m · 2 |
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