GEMA
ActiveGEMA has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €221k and a net result of €242k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 20% of 4064 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
70
/ 100
Healthy▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▲+3
Solvency19=
Growth65=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.04 in 2024), and 90.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 47
higher
← 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
9.5%
Return on assets
10.4%
Age of the figures
8 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 4064 sector peers (2025).
NBB · sector comparisonPosition among 4064 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
48 d early
2023
34 d early
2022
35 d early
2021
33 d early
2020
40 d early
2019
23 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
08-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€11.28M▼ 0.3%
2024 · €11.32M
2018: €9.97M
2019: €9.88M
2020: €10.57M
2021: €10.37M
2022: €10.74M
2023: €12.03M
2024: €11.32M
2018 → 2025
EBIT margin
3.0%▲ 0.9pp
2024 · 2.2%
2018: 0.0%
2019: 0.4%
2020: 3.3%
2021: 2.2%
2022: 2.4%
2023: 3.3%
2024: 2.2%
2018 → 2025
Net result
€242k▲ 54.1%
2024 · €157k
2018: €-45k
2019: €-2k
2020: €271k
2021: €146k
2022: €139k
2023: €269k
2024: €157k
2018 → 2025
Working capital
€127k▲ 70.6%
2024 · €75k
2018: €-136k
2019: €-99k
2020: €67k
2021: €-23k
2022: €154k
2023: €84k
2024: €75k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€10.37M-€10.74M▲ 3.6%€12.03M▲ 12.0%€11.32M▼ 5.9%€11.28M▼ 0.3%
Equity€239k-€228k▼ 4.6%€222k▼ 2.8%€229k▲ 3.3%€221k▼ 3.3%
Operating result€226k-€253k▲ 12.1%€394k▲ 55.7%€243k▼ 38.3%€342k▲ 40.7%
Net result€146k-€139k▼ 5.0%€269k▲ 93.2%€157k▼ 41.4%€242k▲ 54.1%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 41% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.34M
Fixed assets
€290k▼ 37.8%
Current assets
€2.05M▲ 9.6%
Equity and liabilities €2.34M
Equity
€221k▼ 3.3%
Debt
€2.12M▲ 0.5%
The debt ratio rises from 90.2% to 90.5%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€520k▲
2024 · €433k
Cash flow
€420k▲
2024 · €347k
Solvency
9.5%▼
2024 · 9.8%
Current ratio
1.07▲
2024 · 1.04
Quick ratio
0.74▲
2024 · 0.72
Debt / equity
9.57▲
2024 · 9.21
ROE
109.6%▲
2024 · 68.8%
ROA
10.4%▲
2024 · 6.7%
Interest coverage
9.44▼
2024 · 11.15
Debt
€2.12M▲
2024 · €2.11M
Debt ≤ 1 year
€1.92M▲
2024 · €1.80M
Debt > 1 year
€146k▼
2024 · €241k
Income taxes
€56k▼
2024 · €62k
Staff costs
€1.07M▲
2024 · €1.04M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.34M€2.34M▲
Fixed assets21/28€467k€290k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€467k€290k▼
Plant, machinery and equipment23€161k€74k▼
Furniture and vehicles24€45k€27k▼
Leasing and similar rights25€1k€0▼
Other tangible fixed assets26€260k€190k▼
Current assets29/58€1.87M€2.05M▲
Stocks and contracts in progress3€574k€634k▲
Stocks30/36€574k€634k▲
Amounts receivable within one year40/41€1.14M€1.29M▲
Trade receivables40€61k€166k▲
Other amounts receivable41€1.08M€1.12M▲
Cash at bank and in hand54/58€138k€112k▼
Deferred charges and accrued income490/1€16k€15k▼
Equity and liabilities
Total equity and liabilities10/49€2.34M€2.34M▲
Equity10/15€229k€221k▼
Contributions10/11€122k€122k=
Capital10€122k€122k=
Issued capital100€122k€122k=
Reserves13€58k€58k=
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Tax-exempt reserves132€46k€46k=
Profit (loss) carried forward14€49k€42k▼
Amounts payable17/49€2.11M€2.12M▲
Amounts payable after more than one year17€241k€146k▼
Financial debts170/4€241k€146k▼
Amounts payable within one year42/48€1.80M€1.92M▲
Current portion of amounts payable after more than one year42€172k€165k▼
Trade debts44€1.45M€1.61M▲
Suppliers440/4€1.45M€1.61M▲
Taxes, remuneration and social security45€170k€143k▼
Taxes450/3€48k€24k▼
Remuneration and social security454/9€121k€119k▼
Other amounts payable47/48€0€0=
Accrued charges and deferred income492/3€72k€50k▼
Income statement
Code20242025
Turnover70€11.32M€11.28M▼
Goods, raw materials, services and sundry goods60/61€10.11M€10.06M▼
Remuneration, social security and pensions62€1.04M€1.07M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€190k€177k▼
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A-€123
Gross operating margin9900€1.48M€1.59M▲
Operating profit (loss)9901€243k€342k▲
Financial income75/76B€15k€16k▲
Recurring financial income75€15k€16k▲
Financial charges65/66B€39k€59k▲
Recurring financial charges65€39k€55k▲
Non-recurring financial charges66B-€4k
Profit (loss) for the period before taxes9903€219k€299k▲
Income taxes67/77€62k€56k▼
Profit (loss) for the period9904€157k€242k▲
Profit (loss) for the period to be appropriated9905€157k€242k▲
Appropriation of the result
Profit (loss) to be appropriated9906€199k€292k▲
Profit (loss) brought forward from the previous period14P€42k€49k▲
Profit to be distributed694/7€150k€250k▲
Return on contributions (dividend)694€150k€250k▲
Social balance
Average headcount (FTE)908726.225.7▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €271k
Net result €271k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €242k ▲101%
Equity rises from €121k to €242k.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
no sitting director, last change in 2019
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.
13-12-2019
Resigned as Daily management
Not every act has been read: a resignation may be missing here
4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Soumagne · 1 establishment unit since 2013
Ground area
1,399 m²
Building footprint
95 m²
Volume, LiDAR
945 m³
2 parcels, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GEMA
since 20132.220.004.752
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62069C0290/00P000indicative | Wallonia | 1,073 m² | - | - |
| 62099A0041/00R002 | Wallonia | 326 m² | 1 · 95 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 10,404 companies in sector 47110 we hold annual accounts for 5,784. 4,079 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-06-2013
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47114Supermarkets
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.