Equity
€211,776 ▼ 22.3%
GEMACO paid out €36,000 in dividends in a year with a loss of €24,668.
GEMACO
Lifetime
20 annual accounts with figures on one time axis, 30 filings since 1996peak €149,762 (2023)
€115,220▼ 21.7%
lowest -€110,612 (2007)
-€24,668▼ €82,700
peak €272,444 (2024)
€211,776▼ 22.3%
€425,214▲ 617%
peak 1 FTE (2019)
-not published
Board4 names since 2017
2 directors and 1 other
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Gross margin from €147,129 to €115,220Loss of €24,668Dividend €36,000Equity from €272,444 to €211,776Debts from €59,319 to €425,214Investments €377,874
Key points
from the 2025 annual accountsResult
-€24,668 -€24,668
From profit to loss in 2025, after a profit of €58,032 in 2024.
Debts
€425,214 ▲ 617%
Debts rose by €365,895 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€377,874 6.4 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 343.8% higher than in 2024.
Liquidity
0.53 was 4.02 in 2024
Short-term debts rose from €59,319 to €425,214.
Position in the sector
-€24,668
Lower net result than 90% of companies in retail trade. Sector median €5,052 · 22,922 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as GEMACO has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.5%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 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 12,322 companies, not a prediction for GEMACO. 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.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0454177754
Appointment: (director)
General meeting of 25-09-2024 · Gazette deed
Registered office moved from Ninove to Brussels
New registered office: rue Fossé aux Loups nummer 28B bus 23, 1000 Brussel · Previous registered office: Vuurkruisersstraat nummer 106 bus 7, 9400 Ninove · General meeting of 28-02-2024 · Gazette deed
1 director appointed, 2 managers resigning
Resignations: (manager) and (manager) · Appointment: (director) · “Toutes les activités se rapportant à l’achat, la vente, l’import, l’export, la distribution, le…” (deed in Dutch) · General meeting of 28-02-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GEMACO Brussels | €636,990 | €115,220 | 33.2% | - |
| OREMIS Schaerbeek | €604,920 | €158,583 | 35.3% | - |
| YANNICK Kontich | €617,358 | €113,532 | 91.0% | - |
| COULEURS VIVES Wavre | €573,444 | €124,455 | 26.5% | - |
| DECLERCQ JUWELEN Tienen | €649,352 | €95,694 | 22.2% | - |
| JUWELEN VAN VOOREN Lievegem | €600,986 | €94,379 | 84.7% | - |
| BIJOUTERIE JOAILLERIE BROU Mouscron | €741,173 | €115,204 | 79.9% | - |
These companies have the same main activity as GEMACO: retail sale of watches and jewellery (NACE 47770). They are comparable in size and age: total assets between €573,000 and €741,000, founded between 1990 and 1997.
Official details
Source: KBO- Status
- Active since 23-12-1994Normal situation
- Activity
- Retail sale of watches and jewelleryNACE 47770and 1 other
- Joint committee
- 100Auxiliary committee for blue-collar workers · annual accounts 2025
- Establishment unit
- 2.074.288.0851000 Brussels, since 14-12-1995
- Financial year end
- 31 December
- Peppol
- Reachable since 26-12-2025
Annual accounts 2025
- ≈ €350,000estimated
- €636,990▲ 92.0%
- Employeeson 31-12-2025
- 3▼ 40.0%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on GEMACO
GEMACO files the micro format. That format states no turnover. The gross margin rose from €18,474 in 2006 to €115,220 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GEMACO
- What is the company number of GEMACO?
- The company number of GEMACO is 0454.177.754. The VAT number is the same number with BE in front: BE 0454.177.754.
- Where is GEMACO based?
- The registered office is at Wolvengracht 28B, 1000 Brussels.Company details
- What does GEMACO do?
- According to the KBO register, the main activity is retail sale of watches and jewellery (NACE 47770).
- What is the legal form of GEMACO?
- GEMACO is a private limited company (BV).
- When was GEMACO founded?
- GEMACO was founded on 23-12-1994.
- Is GEMACO still active?
- Yes, GEMACO is an active enterprise in the KBO register.
- How many employees does GEMACO have?
- GEMACO had an average of 2.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does GEMACO fall under?
- In its 2025 annual accounts, GEMACO states joint committee 100 (Auxiliary committee for blue-collar workers).
- What is the turnover of GEMACO?
- The turnover in financial year 2025 is ≈ €350,000. This figure is estimated from the gross margin of €115,220 and 31 comparable companies (NACE 477). It probably lies between €240,000 and €660,000.
- Is GEMACO profitable?
- In financial year 2025, GEMACO made a loss of €24,668.
- Where can I find the annual accounts of GEMACO?
- GEMACO filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GEMACO due?
- GEMACO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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