GEMAFIN
ActiveSummary
For GEMAFIN, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €937,482 and a net result of €206,578. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 37% of 30370 sector peers (fiscal year 2022). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability80▲+26
Solvency67▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2022Solvency, return and age of the figures
Solvency
41.5%
Return on assets
9.1%
Age of the figures
45 mo
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 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
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 27-02-2023, 154 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
154 d early
2021
138 d early
2020
152 d early
2019
157 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 150 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 2022, micro schema
Equity
€937,482▲ 18.8%
2021 · €789,303
Total assets
€2.3m▼ 0.6%
2021 · €2.3m
Net result
€206,578▲ 36.1%
2021 · €151,792
Working capital
€496,305▲ 6.7%
2021 · €465,271
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20182019202020212022
Operating result€209,190-€94,699▼ 54.7%€307,327▲ 225%€228,745▼ 25.6%€318,798▲ 39.4%
Net result€138,933-€79,875▼ 42.5%€228,263above the sector's middle half▲ 186%€151,792above the sector's middle half▼ 33.5%€206,578above the sector's middle half▲ 36.1%
Equity€467,123-€546,998▲ 17.1%€723,893above the sector's middle half▲ 32.3%€789,303above the sector's middle half▲ 9.0%€937,482above the sector's middle half▲ 18.8%
Total assets€531,354-€1.9m▲ 257%€1.6mabove the sector's middle half▼ 18.2%€2.3mabove the sector's middle half▲ 46.5%€2.3mabove the sector's middle half▼ 0.6%
Debt€64,231-€1.3m▲ 1,999%€827,265▼ 38.6%€1.5m▲ 79.3%€1.3m▼ 11.0%
Working capital€253,004--€29,642€105,938within the sector's middle half€465,271above the sector's middle half▲ 339%€496,305above the sector's middle half▲ 6.7%
Solvency87.9%-28.9%▼ 59.1pp46.7%within the sector's middle half▲ 17.8pp34.7%within the sector's middle half▼ 11.9pp41.5%within the sector's middle half▲ 6.8pp
Current ratio6.44-0.80▼ 5.641.96within the sector's middle half▲ 1.162.99within the sector's middle half▲ 1.033.08within the sector's middle half▲ 0.09
Return on assets (ROA)26.1%-4.2%▼ 21.9pp14.7%within the sector's middle half▲ 10.5pp6.7%within the sector's middle half▼ 8.0pp9.1%within the sector's middle half▲ 2.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 recovers in 2022; 2022 is 39% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €2.3m
Fixed assets
€1.5m ▼ 3.2%
Current assets
€734,931 ▲ 5.2%
Equity and liabilities €2.3m
Equity
€937,482 ▲ 18.8%
Debt
€1.3m ▼ 11.0%
Debt's share of the balance-sheet total falls from 65.3% to 58.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€387,891▲
2021 · €315,655
Cash flow
€275,671▲
2021 · €238,702
Debt to equity
1.41▼
2021 · 1.58
ROE
22.0%▲
2021 · 19.2%
Interest coverage
21.10
Debt ≤ 1 year
€238,625▲
2021 · €233,342
Debt > 1 year
€1.1m▼
2021 · €1.3m
Income taxes
€93,835▲
2021 · €66,953
Staff costs
€4,513
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €4,513 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,567 | €148,397 | €84,329 | €86,910 | €69,093 | ▼ 20.5% |
| Other operating charges640/8 | - | - | - | - | €6,463 | - |
| Gross operating margin9900 | €253,454 | €259,445 | €426,203 | €319,382 | €398,867 | ▲ 24.9% |
| Operating profit (loss)9901 | €209,190 | €94,699 | €307,327 | €228,745 | €318,798 | ▲ 39.4% |
| Recurring financial income75 | €159 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | - | €18,385 | - |
| Recurring financial charges65 | €1,336 | €6,595 | €20,348 | €10,000 | €18,385 | ▲ 83.8% |
| Profit (loss) for the period before taxes9903 | €208,012 | €88,104 | €286,979 | €218,745 | €300,413 | ▲ 37.3% |
| Income taxes67/77 | €69,079 | €8,230 | €58,716 | €66,953 | €93,835 | ▲ 40.2% |
| Profit (loss) for the period9904 | €138,933 | €79,875 | €228,263 | €151,792 | €206,578 | ▲ 36.1% |
| Profit (loss) for the period to be appropriated9905 | €138,933 | €79,875 | €247,013 | €151,792 | €206,578 | ▲ 36.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €531,354 | €1.9m | €1.6m | €2.3m | €2.3m | ▼ 0.6% |
| Fixed assets21/28 | €231,876 | €1.8m | €1.3m | €1.6m | €1.5m | ▼ 3.2% |
| Tangible fixed assets22/27 | €231,876 | €1.7m | €1.2m | €1.1m | €1.1m | ▼ 4.7% |
| Land and buildings22 | - | - | - | - | €858,024 | - |
| Furniture and vehicles24 | - | - | - | - | €12,548 | - |
| Other tangible fixed assets26 | - | - | - | - | €199,561 | - |
| Financial fixed assets28 | - | €70,500 | €136,030 | €451,313 | €453,072 | ▲ 0.4% |
| Current assets29/58 | €299,478 | €119,350 | €215,804 | €698,613 | €734,931 | ▲ 5.2% |
| Amounts receivable within one year40/41 | €60,873 | €100,358 | €60,611 | €278,256 | €467,764 | ▲ 68.1% |
| Trade receivables40 | - | - | - | - | €119,740 | - |
| Other amounts receivable41 | - | - | - | - | €348,024 | - |
| Current investments50/53 | - | - | - | - | €14,157 | - |
| Cash at bank and in hand54/58 | €237,305 | €17,692 | €153,892 | €419,057 | €251,709 | ▼ 39.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,300 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €531,354 | €1.9m | €1.6m | €2.3m | €2.3m | ▼ 0.6% |
| Equity10/15 | €467,123 | €546,998 | €723,893 | €789,303 | €937,482 | ▲ 18.8% |
| Contributions10/11 | €12,400 | €12,400 | - | - | €12,400 | - |
| Reserves13 | €454,723 | €534,598 | €711,493 | €776,903 | €925,082 | ▲ 19.1% |
| Non-distributable reserves130/1 | - | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | - | €923,222 | - |
| Amounts payable17/49 | €64,231 | €1.3m | €827,265 | €1.5m | €1.3m | ▼ 11.0% |
| Amounts payable after more than one year17 | €17,757 | €1.2m | €717,400 | €1.3m | €1.1m | ▼ 13.4% |
| Financial debts170/4 | - | - | - | - | €1.1m | - |
| Amounts payable within one year42/48 | €46,474 | €148,991 | €109,865 | €233,342 | €238,625 | ▲ 2.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €168,033 | - |
| Trade debts44 | €5,123 | €3,113 | €5,861 | €8,197 | €16,104 | ▲ 96.5% |
| Suppliers440/4 | - | - | - | - | €16,104 | - |
| Taxes, remuneration and social security45 | - | - | - | - | €51,639 | - |
| Taxes450/3 | - | - | - | - | €51,639 | - |
| Other amounts payable47/48 | - | - | - | - | €2,850 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €138,933 | €79,875 | €228,263 | €151,792 | €206,578 | ▲ 36.1% |
| + Depreciation and write-downs630 | €36,567 | €148,397 | €84,329 | €86,910 | €69,093 | ▼ 20.5% |
| Operating cash flow (approximation) | €175,500 | €228,272 | €312,592 | €238,702 | €275,671 | ▲ 15.5% |
| Investment in fixed assets (approximation) | - | -€1.7m | €356,399 | -€325,649 | -€18,204 | ▲ 94.4% |
| Change in cash | - | -€219,613 | €136,200 | €265,165 | -€167,348 | ▼ 163% |
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
2023
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €228,263 ▲186%
Net result €228,263, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.96
Current ratio from 0.80 to 1.96; short-term debt falls from €148,991 to €109,865.
25-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €79,875 ▼42.5%
Net result drops to €79,875, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500,000Eq €546,998 ▲17.1%
2 profitable years in a row build equity to €546,998.
18-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
23-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
08-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
18-03
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Ieper · 1 establishment unit since 2012
Ground area
1,412 m²
Building footprint
349 m²
Volume, LiDAR
1,157 m³
Parcel 33302A0094/02T007, Flanders · tallest building 12.0 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
GEMAFIN
since 20122.208.189.360
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33302A0094/02T007 | Flanders | 1,412 m² | 1 · 349 m² | 12.0 m · 1 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 28,568 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formLimited partnership
Founded27-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0843982053
Also
9925:BE0843982053
Registered
05-12-2025
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.