GeMa
ActiveSummary
GeMa has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €605,993 and a net result of €143,493. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 37% of 12819 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+2
Solvency68▲+14
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.19 in 2024; short-term debt: 39.1% and cash: 3.8% of total assets), and 57.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
42.6%
Return on assets
10.1%
Age of the figures
15 mo
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 06-01-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
39 d early
2023
39 d early
2022
5 d early
2021
39 d early
2020
34 d early
2019
9 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 27 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 23 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€605,993▲ 31.0%
2024 · €462,501
Total assets
€1.4m▼ 11.1%
2024 · €1.6m
Net result
€143,493▲ 9.5%
2024 · €131,086
Working capital
-€502,484▲ 9.5%
2024 · -€555,419
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,127€21,051▲ 131%€91,900▲ 337%€226,119▲ 146%€261,497▲ 15.6%
Net result-€6,520below the sector's middle half▲ 83.9%-€6,322below the sector's middle half▲ 3.0%€15,208within the sector's middle half€131,086above the sector's middle half▲ 762%€143,493above the sector's middle half▲ 9.5%
Equity€322,529above the sector's middle half▼ 2.0%€316,207above the sector's middle half▼ 2.0%€331,414above the sector's middle half▲ 4.8%€462,501above the sector's middle half▲ 39.6%€605,993above the sector's middle half▲ 31.0%
Total assets€1.5mabove the sector's middle half▲ 22.3%€1.5mabove the sector's middle half▲ 3.9%€1.6mabove the sector's middle half▲ 5.7%€1.6mabove the sector's middle half▼ 0.9%€1.4mabove the sector's middle half▼ 11.1%
Debt€1.1m▲ 31.4%€1.2m▲ 5.6%€1.3m▲ 5.9%€1.1m▼ 11.4%€816,524▼ 28.2%
Working capital-€415,049below the sector's middle half▼ 69.9%-€497,567below the sector's middle half▼ 19.9%-€649,084below the sector's middle half▼ 30.5%-€555,419below the sector's middle half▲ 14.4%-€502,484below the sector's middle half▲ 9.5%
Solvency21.9%below the sector's middle half▼ 5.4pp20.7%below the sector's middle half▼ 1.2pp20.5%below the sector's middle half▼ 0.2pp28.9%below the sector's middle half▲ 8.4pp42.6%within the sector's middle half▲ 13.7pp
Current ratio0.02below the sector's middle half▼ 0.230.02below the sector's middle half=0.05below the sector's middle half▲ 0.030.19below the sector's middle half▲ 0.130.10below the sector's middle half▼ 0.09
Return on assets (ROA)-0.4%below the sector's middle half▲ 2.9pp-0.4%below the sector's middle half=0.9%below the sector's middle half▲ 1.4pp8.2%within the sector's middle half▲ 7.3pp10.1%within the sector's middle half▲ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 16% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.4m ▼ 7.0%
Current assets
€53,745 ▼ 58.1%
Equity and liabilities €1.4m
Equity
€605,993 ▲ 31.0%
Debt
€816,524 ▼ 28.2%
Debt's share of the balance-sheet total falls from 71.1% to 57.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€364,252▲
2024 · €333,443
Cash flow
€246,248▲
2024 · €238,410
Debt to equity
1.35▼
2024 · 2.46
ROE
23.7%▼
2024 · 28.3%
Interest coverage
6.61▼
2024 · 9.55
Debt ≤ 1 year
€556,229▼
2024 · €683,756
Debt > 1 year
€167,462▼
2024 · €393,247
Income taxes
€67,022▲
2024 · €61,509
Staff costs
€551▲
2024 · €452
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 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% | 1.9% |
| 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 20,134 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €473 | €594 | €452 | €551 | ▲ 21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €83,935 | €83,465 | €112,022 | €107,324 | €102,755 | ▼ 4.3% |
| Other operating charges640/8 | - | €5,793 | €6,797 | €7,069 | €9,305 | ▲ 31.6% |
| Gross operating margin9900 | €99,440 | €110,781 | €211,313 | €340,964 | €374,108 | ▲ 9.7% |
| Operating profit (loss)9901 | €9,127 | €21,051 | €91,900 | €226,119 | €261,497 | ▲ 15.6% |
| Financial income75/76B | - | €637 | €574 | €1,390 | €4,140 | ▲ 198% |
| Recurring financial income75 | €4,821 | €637 | €574 | €1,390 | €4,140 | ▲ 198% |
| Financial charges65/66B | - | €28,010 | €69,790 | €34,914 | €55,122 | ▲ 57.9% |
| Recurring financial charges65 | €20,468 | €28,010 | €32,262 | €34,914 | €55,122 | ▲ 57.9% |
| Non-recurring financial charges66B | - | - | €37,528 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€6,520 | -€6,322 | €22,684 | €192,595 | €210,515 | ▲ 9.3% |
| Income taxes67/77 | €0 | - | €7,476 | €61,509 | €67,022 | ▲ 9.0% |
| Profit (loss) for the period9904 | -€6,520 | -€6,322 | €15,208 | €131,086 | €143,493 | ▲ 9.5% |
| Profit (loss) for the period to be appropriated9905 | -€6,520 | -€6,322 | €15,208 | €131,086 | €143,493 | ▲ 9.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.5m | €1.6m | €1.6m | €1.4m | ▼ 11.1% |
| Fixed assets21/28 | €1.5m | €1.5m | €1.6m | €1.5m | €1.4m | ▼ 7.0% |
| Tangible fixed assets22/27 | €1.5m | €1.5m | €1.6m | €1.5m | €1.4m | ▼ 7.0% |
| Land and buildings22 | - | €1.5m | €1.6m | €1.4m | €1.3m | ▼ 7.1% |
| Other tangible fixed assets26 | - | €25,375 | €25,375 | €25,375 | €25,375 | = |
| Financial fixed assets28 | €1,208 | €1,316 | €1,640 | €1,856 | €2,072 | ▲ 11.6% |
| Current assets29/58 | €9,205 | €12,729 | €36,136 | €128,338 | €53,745 | ▼ 58.1% |
| Amounts receivable within one year40/41 | - | - | - | - | €291 | - |
| Trade receivables40 | - | - | - | - | €274 | - |
| Other amounts receivable41 | - | - | - | - | €17 | - |
| Current investments50/53 | - | - | - | €100,000 | - | - |
| Cash at bank and in hand54/58 | €7,603 | €12,281 | €36,136 | €28,338 | €53,454 | ▲ 88.6% |
| Deferred charges and accrued income490/1 | - | €448 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.6m | €1.6m | €1.4m | ▼ 11.1% |
| Equity10/15 | €322,529 | €316,207 | €331,414 | €462,501 | €605,993 | ▲ 31.0% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | €20,000 | - | - | - | - |
| Issued capital100 | - | €20,000 | - | - | - | - |
| Outside capital11 | - | - | €20,000 | €20,000 | €20,000 | = |
| Share premium1100/10 | - | - | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €302,529 | €296,207 | €311,414 | €442,501 | €585,993 | ▲ 32.4% |
| Non-distributable reserves130/1 | - | €2,000 | - | - | - | - |
| Legal reserve130 | - | €2,000 | - | - | - | - |
| Distributable reserves133 | - | €294,207 | €311,414 | €442,501 | €585,993 | ▲ 32.4% |
| Amounts payable17/49 | €1.1m | €1.2m | €1.3m | €1.1m | €816,524 | ▼ 28.2% |
| Amounts payable after more than one year17 | €706,294 | €681,187 | €557,412 | €393,247 | €167,462 | ▼ 57.4% |
| Financial debts170/4 | - | €681,187 | €557,412 | €393,247 | €167,462 | ▼ 57.4% |
| Amounts payable within one year42/48 | €424,254 | €510,297 | €685,220 | €683,756 | €556,229 | ▼ 18.7% |
| Financial debts43 | - | €167,711 | €123,774 | €168,094 | €33,206 | ▼ 80.2% |
| Credit institutions430/8 | - | €122,711 | €123,774 | €168,094 | €33,206 | ▼ 80.2% |
| Other loans439 | - | €45,000 | - | - | - | - |
| Trade debts44 | €8,755 | €5,190 | €8,817 | €6,947 | €2,212 | ▼ 68.2% |
| Suppliers440/4 | - | €5,190 | €8,817 | €6,947 | €2,212 | ▼ 68.2% |
| Advances received on contracts in progress46 | - | €60,000 | €160,000 | €125,000 | €25,000 | ▼ 80.0% |
| Taxes, remuneration and social security45 | - | €11,583 | €19,013 | €25,835 | €29,322 | ▲ 13.5% |
| Taxes450/3 | - | €11,583 | €19,013 | €25,835 | €29,322 | ▲ 13.5% |
| Other amounts payable47/48 | - | €265,813 | €373,615 | €357,881 | €466,489 | ▲ 30.3% |
| Accrued charges and deferred income492/3 | - | €20,157 | €40,510 | €60,146 | €92,833 | ▲ 54.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,520 | -€6,322 | €15,208 | €131,086 | €143,493 | ▲ 9.5% |
| + Depreciation and write-downs630 | €83,935 | €83,465 | €112,022 | €107,324 | €102,755 | ▼ 4.3% |
| Operating cash flow (approximation) | €77,415 | €77,142 | €127,229 | €238,410 | €246,248 | ▲ 3.3% |
| Investment in fixed assets (approximation) | - | -€137,608 | -€175,324 | -€216 | -€216 | = |
| Change in cash | - | €4,678 | €23,855 | -€7,798 | €25,117 | ▲ 422% |
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
Next filing, fiscal year 2026, expected by
2026
06-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Equity above €500,000Eq €605,993 ▲31%
3 profitable years in a row build equity to €605,993.
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
23-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Back to profitnet €15,208
Net result €15,208 after 3 loss-making years.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet -€40,454
Net result drops to -€40,454, the lowest in the series; recovery starts the following year.
22-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 43 days late
2016
07-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 38 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, Sint-Lievens-Houtem · 1 establishment unit since 2006
Ground area
1,693 m²
Building footprint
613 m²
Volume, LiDAR
2,671 m³
2 parcels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Meulestraat 23, 9520 Sint-Lievens-Houtem
since 20062.216.234.224
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41063C0469/00G000 | Flanders | 1,035 m² | 1 · 470 m² | 9.7 m · 1 fl. |
| 41007C0165/00S000indicative | Flanders | 658 m² | 1 · 143 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels 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 2024 · 3 entries · 471 EUR awarded · 471 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 147 EUR | 147 EUR |
| 2023 | 1 | 192 EUR | 192 EUR |
| 2022 | 1 | 132 EUR | 132 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
967600BRBQXYT8854S49
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 5,253 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
Founded02-06-2006
Fiscal year end30-06
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0881664969
Also
9925:BE0881664969
Registered
18-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.