GEMABOUW
InactiveSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 17-05-2024, 75 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
75 d early
2022
94 d early
2021
31 d early
2020
123 d early
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 74 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€101,132▲ 0.3%
2022 · €100,872
Total assets
€153,359▼ 40.9%
2022 · €259,482
Net result
€260▼ 85.6%
2022 · €1,806
Working capital
€79,408▲ 25.9%
2022 · €63,053
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€4,631▲ 602%-€53,458€2,252€2,204▼ 2.1%€320▼ 85.5%
Net result€1,625▲ 0.9%-€55,553€392€1,806▲ 361%€260▼ 85.6%
Equity€154,227▲ 1.1%€98,675▼ 36.0%€99,066▲ 0.4%€100,872▲ 1.8%€101,132▲ 0.3%
Total assets€313,636▼ 22.2%€256,190▼ 18.3%€221,154▼ 13.7%€259,482▲ 17.3%€153,359▼ 40.9%
Debt€159,409▼ 36.3%€157,515▼ 1.2%€122,088▼ 22.5%€158,610▲ 29.9%€52,227▼ 67.1%
Working capital€41,817▲ 30.7%-€13,267€30,401€63,053▲ 107%€79,408▲ 25.9%
Staff (FTE)0.91.6▲ 77.8%1.1▼ 31.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 85% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €153,359
Fixed assets
€21,724 ▼ 42.6%
Current assets
€131,635 ▼ 40.6%
Equity and liabilities €153,359
Equity
€101,132 ▲ 0.3%
Debt
€52,227 ▼ 67.1%
Debt's share of the balance-sheet total falls from 61.1% to 34.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16,415▼
2022 · €31,128
Cash flow
€16,355▼
2022 · €30,730
Current ratio
2.52▲
2022 · 1.40
Debt to equity
0.52▼
2022 · 1.57
ROE
0.3%▼
2022 · 1.8%
ROA
0.2%▼
2022 · 0.7%
Interest coverage
261.93▲
2022 · 78.00
Debt ≤ 1 year
€52,227▼
2022 · €158,610
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €36,758 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,579 | €31,363 | €31,807 | €28,924 | €16,095 | ▼ 44.4% |
| Other operating charges640/8 | - | - | €4,938 | €49,616 | €15,002 | ▼ 69.8% |
| Gross operating margin9900 | €68,797 | €44,342 | €75,755 | €80,744 | €31,417 | ▼ 61.1% |
| Operating profit (loss)9901 | €4,631 | -€53,458 | €2,252 | €2,204 | €320 | ▼ 85.5% |
| Financial income75/76B | - | - | €88 | €1 | €3 | ▲ 179% |
| Recurring financial income75 | €2 | €16 | €88 | €1 | €3 | ▲ 179% |
| Financial charges65/66B | - | - | €1,786 | €399 | €63 | ▼ 84.3% |
| Recurring financial charges65 | €2,658 | €2,005 | €1,786 | €399 | €63 | ▼ 84.3% |
| Profit (loss) for the period before taxes9903 | €1,975 | -€55,447 | €554 | €1,806 | €260 | ▼ 85.6% |
| Income taxes67/77 | €350 | €106 | €162 | - | - | - |
| Profit (loss) for the period9904 | €1,625 | -€55,553 | €392 | €1,806 | €260 | ▼ 85.6% |
| Profit (loss) for the period to be appropriated9905 | €1,625 | -€55,553 | €392 | €1,806 | €260 | ▼ 85.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €313,636 | €256,190 | €221,154 | €259,482 | €153,359 | ▼ 40.9% |
| Fixed assets21/28 | €155,349 | €124,981 | €68,665 | €37,819 | €21,724 | ▼ 42.6% |
| Tangible fixed assets22/27 | €151,345 | €120,977 | €64,661 | €33,815 | €17,720 | ▼ 47.6% |
| Plant, machinery and equipment23 | - | - | €17,339 | €11,115 | €6,370 | ▼ 42.7% |
| Furniture and vehicles24 | - | - | €47,321 | €22,700 | €11,350 | ▼ 50.0% |
| Financial fixed assets28 | €4,004 | €4,004 | €4,004 | €4,004 | €4,004 | = |
| Current assets29/58 | €158,287 | €131,209 | €152,490 | €221,663 | €131,635 | ▼ 40.6% |
| Amounts receivable within one year40/41 | €136,869 | €107,194 | €109,692 | €85,723 | €60,526 | ▼ 29.4% |
| Trade receivables40 | - | - | €107,831 | €75,701 | €53,271 | ▼ 29.6% |
| Other amounts receivable41 | - | - | €1,861 | €10,022 | €7,255 | ▼ 27.6% |
| Cash at bank and in hand54/58 | €20,901 | €24,015 | €42,343 | €135,530 | €71,109 | ▼ 47.5% |
| Deferred charges and accrued income490/1 | - | - | €454 | €410 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €313,636 | €256,190 | €221,154 | €259,482 | €153,359 | ▼ 40.9% |
| Equity10/15 | €154,227 | €98,675 | €99,066 | €100,872 | €101,132 | ▲ 0.3% |
| Contributions10/11 | €83,540 | - | €83,540 | €83,540 | €83,540 | = |
| Reserves13 | €53,809 | €53,809 | €53,809 | €53,809 | €53,809 | = |
| Non-distributable reserves130/1 | - | - | €8,354 | €8,354 | €8,354 | = |
| Reserves not available under the articles1311 | - | - | €8,354 | €8,354 | €8,354 | = |
| Distributable reserves133 | - | - | €45,455 | €45,455 | €45,455 | = |
| Profit (loss) carried forward14 | €16,879 | -€38,674 | -€38,282 | -€36,477 | -€36,216 | ▲ 0.7% |
| Amounts payable17/49 | €159,409 | €157,515 | €122,088 | €158,610 | €52,227 | ▼ 67.1% |
| Amounts payable after more than one year17 | €42,939 | €13,039 | - | - | - | - |
| Amounts payable within one year42/48 | €116,470 | €144,476 | €122,088 | €158,610 | €52,227 | ▼ 67.1% |
| Current portion of amounts payable after more than one year42 | - | - | €8,130 | - | - | - |
| Trade debts44 | €57,951 | €110,647 | €113,608 | €158,160 | €52,227 | ▼ 67.0% |
| Suppliers440/4 | - | - | €113,608 | €158,160 | €52,227 | ▼ 67.0% |
| Other amounts payable47/48 | - | - | €350 | €450 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,625 | -€55,553 | €392 | €1,806 | €260 | ▼ 85.6% |
| + Depreciation and write-downs630 | €33,579 | €31,363 | €31,807 | €28,924 | €16,095 | ▼ 44.4% |
| Operating cash flow (approximation) | €35,204 | -€24,189 | €32,198 | €30,730 | €16,355 | ▼ 46.8% |
| Investment in fixed assets (approximation) | - | -€995 | €24,510 | €1,921 | €0 | ▼ 100% |
| Change in cash | - | €3,115 | €18,328 | €93,186 | -€64,421 | ▼ 169% |
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
2024
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €1,806 ▲361%
Net result €1,806, the highest in the series.
31-12
Financial
Equity above €100,000Eq €100,872 ▲1.8%
2 profitable years in a row build equity to €100,872.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €392
Net result €392 after one loss-making year.
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€55,553
Net result drops to -€55,553, the lowest in the series.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
15-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Structure & network
Owners and holdings
1 ownerChain of control
- SG Wonen
- VAN DEN ABEELE & Co
- GEMABOUW
Highest known parent: SG Wonen. The sources do not say who stands above it.
Owners 1
- VAN DEN ABEELE & Coparent100%
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 current directors or connected companies found in the register.