GEMADIS
ActiveSummary
GEMADIS has been active since 1991 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show negative equity (-€3,627) and a net result of -€697. Equity is shrinking by ~63.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
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Signals
This company filed its last 6 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,640 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €1,672 | €1,627 | €806 | €184 | ▼ 77.2% |
| Other operating charges640/8 | - | €348 | - | €695 | €483 | ▼ 30.5% |
| Gross operating margin9900 | -€4,333 | -€1,672 | -€1,627 | -€806 | -€184 | ▲ 77.2% |
| Operating profit (loss)9901 | -€4,681 | -€2,019 | -€1,627 | -€1,501 | -€667 | ▲ 55.6% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | - | - | - | €1 | - | - |
| Financial charges65/66B | - | €30 | €30 | - | €30 | - |
| Recurring financial charges65 | €50 | €30 | €30 | - | €30 | - |
| Profit (loss) for the period before taxes9903 | -€4,731 | -€2,049 | -€1,657 | -€1,500 | -€697 | ▲ 53.5% |
| Profit (loss) for the period9904 | -€4,731 | -€2,049 | -€1,657 | -€1,500 | -€697 | ▲ 53.5% |
| Profit (loss) for the period to be appropriated9905 | -€4,731 | -€2,049 | -€1,657 | -€1,500 | -€697 | ▲ 53.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9,130 | €7,082 | €425 | €725 | €34 | ▼ 95.3% |
| Current assets29/58 | €9,130 | €7,082 | €425 | €725 | €34 | ▼ 95.3% |
| Cash at bank and in hand54/58 | €9,130 | €7,082 | €425 | €725 | €34 | ▼ 95.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9,130 | €7,082 | €425 | €725 | €34 | ▼ 95.3% |
| Equity10/15 | €2,275 | €226 | -€1,431 | -€2,930 | -€3,627 | ▼ 23.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Profit (loss) carried forward14 | -€16,317 | -€18,366 | -€20,023 | -€21,522 | -€22,219 | ▼ 3.2% |
| Amounts payable17/49 | €6,854 | €6,855 | €1,855 | €3,656 | €3,661 | ▲ 0.2% |
| Amounts payable within one year42/48 | €6,854 | €6,855 | €1,855 | €3,656 | €3,661 | ▲ 0.2% |
| Trade debts44 | €30 | €31 | €31 | €831 | €387 | ▼ 53.4% |
| Suppliers440/4 | - | €31 | €31 | €831 | €387 | ▼ 53.4% |
| Other amounts payable47/48 | - | €6,824 | €1,824 | €2,824 | €3,274 | ▲ 15.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,731 | -€2,049 | -€1,657 | -€1,500 | -€697 | ▲ 53.5% |
| Operating cash flow (approximation) | -€4,731 | -€2,049 | -€1,657 | -€1,500 | -€697 | ▲ 53.5% |
| Change in cash | - | -€2,048 | -€6,657 | €301 | -€691 | ▼ 330% |
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
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.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446D0022/00H003 | Brussels | 1,302 m² | 1 · 553 m² | 27.2 m · 8 fl. |
| 25083F0006/00W004 | Wallonia | 289 m² | 1 · 46 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.