GEMANO
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 27-04-2023 was due by 27-11-2023 and was filed on 30-11-2023, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2023
3 d late
2022
10 d late
2021
28 d late
2020
2 d early
2019
7 d early
2018
15 d early
2017
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 4 days before the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€5.9m=
2022 · €5.9m
Total assets
€6.5m▲ 0.2%
2022 · €6.5m
Net result
€1,986▼ 94.2%
2022 · €33,979
Working capital
€1.5m▲ 0.5%
2022 · €1.5m
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
Line20192020202120222023
Operating result€1.9m--€14,268€36,668€23,359▼ 36.3%-€3,138
Net result€1.4m--€19,381€43,737€33,979▼ 22.3%€1,986▼ 94.2%
Equity€5.9m-€5.8m▼ 0.3%€5.9m▲ 0.7%€5.9m▲ 0.6%€5.9m=
Total assets€7.0m-€6.8m▼ 3.9%€6.5m▼ 4.2%€6.5m▲ 0.8%€6.5m▲ 0.2%
Debt€581,990-€328,504▼ 43.6%€3,572▼ 98.9%€19,837▲ 455%€30,217▲ 52.3%
Working capital€1.4m-€1.4m▼ 0.9%€1.5m▲ 3.5%€1.5m▲ 2.2%€1.5m▲ 0.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €3,138 after €23,359 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €6.5m
Fixed assets
€5.0m =
Current assets
€1.5m ▲ 0.8%
Equity and liabilities €6.5m
Equity
€5.9m =
Provisions
€587,856 =
Debt
€30,217 ▲ 52.3%
Debt's share of the balance-sheet total rises from 0.3% to 0.5%. Debt is higher.
Key figures and ratios
EBITDA
-€2,873▼
2022 · €24,282
Cash flow
€2,250▼
2022 · €34,902
Current ratio
61.77▼
2022 · 76.18
Debt to equity
0.01▲
2022 · 0.00
ROE
0.0%▼
2022 · 0.6%
ROA
0.0%▼
2022 · 0.5%
Interest coverage
-386.15▼
2022 · 89.59
Debt ≤ 1 year
€24,669▲
2022 · €19,837
Income taxes
€13▼
2022 · €50
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,788 | €6,801 | €6,659 | €924 | €265 | ▼ 71.3% |
| Other operating charges640/8 | - | - | - | €1,133 | €333 | ▼ 70.7% |
| Gross operating margin9900 | €2.0m | -€7,211 | €44,457 | €25,416 | -€2,540 | ▼ 110% |
| Operating profit (loss)9901 | €1.9m | -€14,268 | €36,668 | €23,359 | -€3,138 | ▼ 113% |
| Financial income75/76B | - | - | - | €10,941 | €5,144 | ▼ 53.0% |
| Recurring financial income75 | €1,316 | €301 | €7,454 | €10,941 | €5,144 | ▼ 53.0% |
| Financial charges65/66B | - | - | - | €271 | €7 | ▼ 97.3% |
| Recurring financial charges65 | €8,865 | €5,363 | €335 | €271 | €7 | ▼ 97.3% |
| Profit (loss) for the period before taxes9903 | €1.9m | -€19,331 | €43,787 | €34,029 | €1,998 | ▼ 94.1% |
| Income taxes67/77 | €51 | €50 | €49 | €50 | €13 | ▼ 74.5% |
| Profit (loss) for the period9904 | €1.4m | -€19,381 | €43,737 | €33,979 | €1,986 | ▼ 94.2% |
| Profit (loss) for the period to be appropriated9905 | -€49,020 | -€19,381 | €43,737 | €33,979 | €1,986 | ▼ 94.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.0m | €6.8m | €6.5m | €6.5m | €6.5m | ▲ 0.2% |
| Fixed assets21/28 | €5.0m | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Tangible fixed assets22/27 | €23,624 | €17,319 | €11,817 | €12,040 | €11,776 | ▼ 2.2% |
| Land and buildings22 | - | - | - | €8,086 | €8,086 | = |
| Furniture and vehicles24 | - | - | - | €3,955 | €3,690 | ▼ 6.7% |
| Financial fixed assets28 | €5.0m | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Current assets29/58 | €2.0m | €1.7m | €1.5m | €1.5m | €1.5m | ▲ 0.8% |
| Amounts receivable within one year40/41 | €20,558 | €29,259 | €464,399 | €1.4m | €1.5m | ▲ 6.8% |
| Trade receivables40 | - | - | - | €14,629 | €14,998 | ▲ 2.5% |
| Other amounts receivable41 | - | - | - | €1.4m | €1.5m | ▲ 6.9% |
| Cash at bank and in hand54/58 | €2.0m | €1.7m | €996,192 | €113,807 | €31,268 | ▼ 72.5% |
| Deferred charges and accrued income490/1 | - | - | - | €502 | €158 | ▼ 68.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.0m | €6.8m | €6.5m | €6.5m | €6.5m | ▲ 0.2% |
| Equity10/15 | €5.9m | €5.8m | €5.9m | €5.9m | €5.9m | = |
| Contributions10/11 | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Capital10 | - | - | - | €4.4m | €4.4m | = |
| Issued capital100 | - | - | - | €4.4m | €4.4m | = |
| Reserves13 | €1.4m | €1.4m | €1.5m | €1.5m | €1.5m | ▲ 0.1% |
| Non-distributable reserves130/1 | - | - | - | €10,322 | €10,421 | ▲ 1.0% |
| Legal reserve130 | - | - | - | €10,322 | €10,421 | ▲ 1.0% |
| Tax-exempt reserves132 | - | - | - | €1.4m | €1.4m | = |
| Distributable reserves133 | - | - | - | €93,362 | €95,248 | ▲ 2.0% |
| Profit (loss) carried forward14 | -€328,664 | -€369,383 | - | - | - | - |
| Provisions and deferred taxes16 | €587,856 | €587,856 | €587,856 | €587,856 | €587,856 | = |
| Deferred taxes168 | - | - | - | €587,856 | €587,856 | = |
| Amounts payable17/49 | €581,990 | €328,504 | €3,572 | €19,837 | €30,217 | ▲ 52.3% |
| Amounts payable within one year42/48 | €581,090 | €327,604 | €2,286 | €19,837 | €24,669 | ▲ 24.4% |
| Trade debts44 | €2,427 | €4,074 | €97 | €124 | €375 | ▲ 202% |
| Suppliers440/4 | - | - | - | €124 | €375 | ▲ 202% |
| Taxes, remuneration and social security45 | - | - | - | €19,321 | €23,902 | ▲ 23.7% |
| Taxes450/3 | - | - | - | €17,321 | €23,902 | ▲ 38.0% |
| Remuneration and social security454/9 | - | - | - | €2,000 | - | - |
| Other amounts payable47/48 | - | - | - | €392 | €392 | ▲ 0.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €5,548 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.4m | -€19,381 | €43,737 | €33,979 | €1,986 | ▼ 94.2% |
| + Depreciation and write-downs630 | €6,788 | €6,801 | €6,659 | €924 | €265 | ▼ 71.3% |
| Operating cash flow (approximation) | €1.4m | -€12,580 | €50,396 | €34,902 | €2,250 | ▼ 93.6% |
| Investment in fixed assets (approximation) | - | -€496 | -€1,157 | -€1,147 | €0 | ▲ 100% |
| Change in cash | - | -€273,642 | -€710,910 | -€882,385 | -€82,539 | ▲ 90.6% |
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
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 3 days late
10-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 10 days late
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 28 days late
2021
30-06
Financial
Back to profitnet €43,737
Net result €43,737 after one loss-making year.
30-06
Financial
Liquidity times 121current ratio 639.20
Current ratio from 5.30 to 639.20; short-term debt falls from €327,604 to €2,286.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet -€19,381
Net result drops to -€19,381, the lowest in the series.
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
16-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
19-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
14-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
17-12
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 9 acts read
About the unread acts
We know of 9 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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Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 27-04-2023 list no shareholders, and no other source names one.
Holdings 2
-
99.97%
-
75%
According to the annual accounts to 27-04-2023 of GEMANO 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
No current directors or connected companies found in the register.