Summary
GEMADI has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €257.3m and a net result of €6.4m. Equity is growing by ~50.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 8101 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
40 d late
2022
17 d early
2021
38 d early
2020
53 d early
2019
51 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 26 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 (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#1 company by equity in Tervuren#1 company by total assets in Tervuren, Professional and technical services sector
Equity
€257.3m▲ 2.5%
2023 · €250.9m
Total assets
€262.9m▲ 2.1%
2023 · €257.4m
Net result
€6.4m▲ 59.7%
2023 · €4.0m
Working capital
€8.5m▲ 253%
2023 · €2.4m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€444,615▲ 6.5%€532,959▲ 19.9%€387,233▼ 27.3%€610,033▲ 57.5%€737,313▲ 20.9%
Net result€482,469▲ 76.3%€1.2m▲ 142%€2.4m▲ 101%€4.0m▲ 69.7%€6.4m▲ 59.7%
Equity€774,622▲ 165%€1.9m▲ 151%€246.9m▲ 12,602%€250.9m▲ 1.6%€257.3m▲ 2.5%
Total assets€3.6m▲ 1.0%€4.5m▲ 27.4%€247.7m▲ 5,363%€257.4m▲ 3.9%€262.9m▲ 2.1%
Debt€2.8m▼ 13.9%€2.6m▼ 6.9%€842,026▼ 67.5%€6.5m▲ 673%€5.6m▼ 13.6%
Working capital-€2.7m▲ 14.1%-€1.8m▲ 34.3%€1.9m€2.4m▲ 23.9%€8.5m▲ 253%
Staff (FTE)00.3
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 21% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €262.9m
Fixed assets
€248.8m ▲ 0.1%
Current assets
€14.1m ▲ 58.3%
Equity and liabilities €262.9m
Equity
€257.3m ▲ 2.5%
Debt
€5.6m ▼ 13.6%
Debt's share of the balance-sheet total falls from 2.5% to 2.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
2.5%▲
2023 · 1.6%
ROA
2.4%▲
2023 · 1.6%
Debt ≤ 1 year
€5.6m▼
2023 · €6.5m
Income taxes
€877,728▲
2023 · €354,069
Staff costs
€7,492
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €0 | - | - | €7,492 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €948 | €1,762 | €2,708 | €8,901 | €11,524 | ▲ 29.5% |
| Other operating charges640/8 | - | €3,390 | €1,784 | €953 | €968 | ▲ 1.5% |
| Non-recurring operating charges66A | - | - | €1,528 | €0 | - | - |
| Gross operating margin9900 | €446,041 | €538,111 | €393,252 | €619,886 | €757,296 | ▲ 22.2% |
| Operating profit (loss)9901 | €444,615 | €532,959 | €387,233 | €610,033 | €737,313 | ▲ 20.9% |
| Financial income75/76B | - | €891,637 | €2.6m | €3.7m | €6.6m | ▲ 79.0% |
| Recurring financial income75 | €209,456 | €891,637 | €13,870 | €234,311 | €6.6m | ▲ 2,697% |
| Non-recurring financial income76B | - | - | €2.5m | €3.4m | - | - |
| Financial charges65/66B | - | €1,654 | €335,480 | -€75,287 | €38,034 | ▲ 151% |
| Recurring financial charges65 | €3,066 | €1,654 | €335,480 | -€75,287 | €38,034 | ▲ 151% |
| Profit (loss) for the period before taxes9903 | €651,006 | €1.4m | €2.6m | €4.3m | €7.3m | ▲ 66.9% |
| Income taxes67/77 | €168,537 | €253,802 | €259,968 | €354,069 | €877,728 | ▲ 148% |
| Profit (loss) for the period9904 | €482,469 | €1.2m | €2.4m | €4.0m | €6.4m | ▲ 59.7% |
| Transfer to tax-exempt reserves689 | - | - | - | €3.4m | - | - |
| Profit (loss) for the period to be appropriated9905 | €482,469 | €1.2m | €2.4m | €565,562 | €6.4m | ▲ 1,027% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.6m | €4.5m | €247.7m | €257.4m | €262.9m | ▲ 2.1% |
| Fixed assets21/28 | €3.4m | €3.7m | €244.9m | €248.5m | €248.8m | ▲ 0.1% |
| Tangible fixed assets22/27 | €3,405 | €7,366 | €94,181 | €192,951 | €229,694 | ▲ 19.0% |
| Furniture and vehicles24 | - | €7,366 | €7,829 | €6,325 | €9,830 | ▲ 55.4% |
| Other tangible fixed assets26 | - | - | €86,352 | €186,625 | €219,864 | ▲ 17.8% |
| Financial fixed assets28 | €3.4m | €3.7m | €244.9m | €248.3m | €248.5m | ▲ 0.1% |
| Current assets29/58 | €112,399 | €834,144 | €2.8m | €8.9m | €14.1m | ▲ 58.3% |
| Amounts receivable after more than one year29 | - | - | €1.8m | €2.0m | €2.0m | ▼ 2.5% |
| Other amounts receivable291 | - | - | €1.8m | €2.0m | €2.0m | ▼ 2.5% |
| Amounts receivable within one year40/41 | €13,437 | €164,997 | €31,111 | €921,283 | €5.8m | ▲ 527% |
| Trade receivables40 | - | €20,956 | €17,660 | €30,360 | - | - |
| Other amounts receivable41 | - | €144,040 | €13,451 | €890,923 | €5.8m | ▲ 548% |
| Current investments50/53 | - | €500,000 | €416,729 | €342,712 | €953,639 | ▲ 178% |
| Cash at bank and in hand54/58 | €98,962 | €169,147 | €481,753 | €5.5m | €5.3m | ▼ 4.8% |
| Deferred charges and accrued income490/1 | - | - | €30,841 | €74,431 | €122,169 | ▲ 64.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.6m | €4.5m | €247.7m | €257.4m | €262.9m | ▲ 2.1% |
| Equity10/15 | €774,622 | €1.9m | €246.9m | €250.9m | €257.3m | ▲ 2.5% |
| Contributions10/11 | - | €18,550 | €242.6m | €242.6m | €242.6m | = |
| Reserves13 | €756,072 | €1.9m | €4.3m | €8.3m | €14.6m | ▲ 77.1% |
| Tax-exempt reserves132 | - | - | - | €3.4m | €3.4m | = |
| Distributable reserves133 | - | €1.9m | €4.3m | €4.8m | €11.2m | ▲ 132% |
| Amounts payable17/49 | €2.8m | €2.6m | €842,026 | €6.5m | €5.6m | ▼ 13.6% |
| Amounts payable within one year42/48 | €2.8m | €2.6m | €842,026 | €6.5m | €5.6m | ▼ 14.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5.0m | €4.8m | ▼ 5.0% |
| Trade debts44 | €6,162 | €38,040 | €62,234 | €0 | €25,753 | - |
| Suppliers440/4 | - | €38,040 | €62,234 | €0 | €25,753 | - |
| Taxes, remuneration and social security45 | - | €155,878 | €141,239 | €258,505 | €819,171 | ▲ 217% |
| Taxes450/3 | - | €155,878 | €141,239 | €258,505 | €818,610 | ▲ 217% |
| Remuneration and social security454/9 | - | - | - | - | €560 | - |
| Other amounts payable47/48 | - | €2.4m | €638,552 | €1.3m | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €25,852 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €482,469 | €1.2m | €2.4m | €4.0m | €6.4m | ▲ 59.7% |
| + Depreciation and write-downs630 | €948 | €1,762 | €2,708 | €8,901 | €11,524 | ▲ 29.5% |
| Operating cash flow (approximation) | €483,417 | €1.2m | €2.4m | €4.0m | €6.4m | ▲ 59.6% |
| Investment in fixed assets (approximation) | - | -€255,722 | -€241.2m | -€3.5m | -€299,667 | ▲ 91.5% |
| Change in cash | - | €70,185 | €312,606 | €5.1m | -€265,002 | ▼ 105% |
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
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €6.4m ▲59.7%
Operating result €737,313, net result €6.4m, both a record.
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 40 days late
02-07
State Gazette act
Board meeting · Director resignation
Director discharge · Director appointment
29-02
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
2023
31-12
Financial
Equity above €250mEq €250.9m ▲1.6%
5 profitable years in a row build equity to €250.9m.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
07-07
State Gazette act
General meeting · Director resignation
Permanent representative
2022
31-12
Financial
Liquidity times 10current ratio 3.31
Current ratio from 0.32 to 3.31; short-term debt falls from €2.6m to €842,026.
31-12
Financial
Equity above €100mEq €246.9m ▲12,602%
4 profitable years in a row build equity to €246.9m.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
14-04
State Gazette act
Board meeting · Director resignation
Permanent representative · Director appointment
Show earlier events
2021
31-12
Financial
Equity above €1mEq €1.9m ▲151%
3 profitable years in a row build equity to €1.9m.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500,000Eq €774,622 ▲165%
2 profitable years in a row build equity to €774,622.
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Tervuren · 1 establishment unit since 2018
Ground area
8,875 m²
Building footprint
532 m²
Volume, LiDAR
4,979 m³
Parcel 24302G0089/00M000, Flanders · tallest building 14.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GEMADI
since 20182.281.044.080
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302G0089/00M000 | Flanders | 8,875 m² | 1 · 531 m² | 14.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
33.33%
According to the 2024 annual accounts of GEMADI and those 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
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge
Shared director
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Identification & contact
Identification
Legal formPrivate limited company
Founded09-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0707960240
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.