GEMAPA
ActiveGEMAPA has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.33M and a net result of €537k. Equity is growing by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 61% of 1722 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-13
Solvency76▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €430k at 30 days acceptable
Liquidity ample (current ratio 1.66 against 1.42 in 2024; short-term debt: 14.1% and cash: 19.5% of total assets), and 48.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.5%
Return on assets
5.2%
Age of the figures
10 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
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 31-07-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
3 d early
2023
5 d early
2022
24 d early
2021
30 d early
2020
12 d late
2019
11 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today30-11-2026 close30-06-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€5.33M▲ 11.0%
2024 · €4.80M
2018: €1.17M
2019: €1.86M
2020: €2.10M
2021: €2.50M
2022: €2.65M
2023: €3.28M
2024: €4.80M
2018 → 2025
Total assets
€10.35M▲ 2.1%
2024 · €10.14M
2018: €8.29M
2019: €8.58M
2020: €8.04M
2021: €9.25M
2022: €8.98M
2023: €9.62M
2024: €10.14M
2018 → 2025
Net result
€537k▼ 64.8%
2024 · €1.53M
2018: €438k
2019: €682k
2020: €134k
2021: €402k
2022: €165k
2023: €1.14M
2024: €1.53M
2018 → 2025
Working capital
€955k▲ 1.4%
2024 · €943k
2018: €1.32M
2019: €732k
2020: €747k
2021: €243k
2022: €242k
2023: €54k
2024: €943k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.50M-€2.65M▲ 6.3%€3.28M▲ 23.7%€4.80M▲ 46.3%€5.33M▲ 11.0%
Operating result€489k-€266k▼ 45.6%€1.57M▲ 490%€2.18M▲ 39.4%€719k▼ 67.1%
Net result€402k-€165k▼ 58.9%€1.14M▲ 588%€1.53M▲ 34.3%€537k▼ 64.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 67% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.35M
Fixed assets
€7.94M▲ 14.1%
Current assets
€2.41M▼ 24.3%
Equity and liabilities €10.35M
Equity
€5.33M▲ 11.0%
Provisions
€24k▼ 10.0%
Debt
€5.00M▼ 5.9%
The debt ratio falls from 52.4% to 48.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.66M▼
2024 · €2.95M
Cash flow
€1.48M▼
2024 · €2.29M
Solvency
51.5%▲
2024 · 47.3%
Current ratio
1.66▲
2024 · 1.42
Quick ratio
1.57▲
2024 · 1.34
Debt / equity
0.94▼
2024 · 1.11
ROE
10.1%▼
2024 · 31.8%
ROA
5.2%▼
2024 · 15.1%
Interest coverage
16.87▼
2024 · 32.24
Debt
€5.00M▼
2024 · €5.32M
Debt ≤ 1 year
€1.46M▼
2024 · €2.24M
Debt > 1 year
€3.55M▲
2024 · €3.08M
Income taxes
€143k▼
2024 · €600k
Staff costs
€705k▲
2024 · €603k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€10.14M€10.35M▲
Fixed assets21/28€6.96M€7.94M▲
Tangible fixed assets22/27€6.96M€7.94M▲
Land and buildings22€5.72M€6.63M▲
Plant, machinery and equipment23€1.20M€1.27M▲
Furniture and vehicles24€35k€37k▲
Current assets29/58€3.18M€2.41M▼
Amounts receivable after more than one year29-€197k
Other amounts receivable291-€197k
Stocks and contracts in progress3€187k€121k▼
Stocks30/36€187k€121k▼
Amounts receivable within one year40/41€241k€71k▼
Trade receivables40-€3k
Other amounts receivable41€241k€68k▼
Cash at bank and in hand54/58€2.76M€2.02M▼
Equity and liabilities
Total equity and liabilities10/49€10.14M€10.35M▲
Equity10/15€4.80M€5.33M▲
Contributions10/11€367k€367k=
Reserves13€3.35M€3.35M=
Non-distributable reserves130/1€38k€38k=
Reserves not available under the articles1311€38k€38k=
Tax-exempt reserves132€544k€544k=
Distributable reserves133€2.77M€2.77M=
Profit (loss) carried forward14€998k€1.53M▲
Investment grants15€79k€71k▼
Provisions and deferred taxes16€26k€24k▼
Deferred taxes168€26k€24k▼
Amounts payable17/49€5.32M€5.00M▼
Amounts payable after more than one year17€3.08M€3.55M▲
Financial debts170/4€3.08M€3.55M▲
Amounts payable within one year42/48€2.24M€1.46M▼
Current portion of amounts payable after more than one year42€624k€555k▼
Trade debts44€831k€262k▼
Suppliers440/4€831k€262k▼
Taxes, remuneration and social security45€100k€77k▼
Taxes450/3€73k€49k▼
Remuneration and social security454/9€27k€28k▲
Other amounts payable47/48€685k€561k▼
Income statement
Code20242025
Remuneration, social security and pensions62€603k€705k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€768k€941k▲
Other operating charges640/8€41k€43k▲
Gross operating margin9900€3.60M€2.41M▼
Operating profit (loss)9901€2.18M€719k▼
Financial income75/76B€32k€56k▲
Recurring financial income75€32k€56k▲
Financial charges65/66B€92k€98k▲
Recurring financial charges65€92k€98k▲
Profit (loss) for the period before taxes9903€2.12M€677k▼
Transfer from deferred taxes780€3k€3k▼
Income taxes67/77€600k€143k▼
Profit (loss) for the period9904€1.53M€537k▼
Transfer from tax-exempt reserves789€88k-
Transfer to tax-exempt reserves689€316k-
Profit (loss) for the period to be appropriated9905€1.30M€537k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.50M€1.53M▲
Profit (loss) brought forward from the previous period14P€199k€998k▲
Transfer to equity691/2€500k-
To other reserves6921€500k-
Social balance
Average headcount (FTE)908713.315.8▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
30-11
Financial
Equity above €5MEq €5.33M ▲11%
8 profitable years in a row build equity to €5.33M.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-11
Financial
Highest result since 2018net €1.53M ▲34.3%
Operating result €2.18M, net result €1.53M, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2020
30-11
Financial
Weakest financial yearnet €134k ▼80.4%
Net result drops to €134k, the lowest in the series; recovery starts the following year.
30-11
Financial
Equity above €2MEq €2.10M ▲13.3%
3 profitable years in a row build equity to €2.10M.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Deinze · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Veldeken 179850 DeinzeGround area
9.5 ha
Building footprint
1,416 m²
Volume, LiDAR
9,297 m³
Parcel 44049E0078/00B000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Veldeken 17, 9850 Deinze
since 20012.116.393.114
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44049E0078/00B000 | Flanders | 9.5 ha | 1 · 1,416 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteDeinze2.116.393.114
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Of 3,625 companies in sector 01130 we hold annual accounts for 789. 377 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded02-07-2001
Fiscal year end30-11
Activities, NACEBEL
01121
01130Growing of vegetables, melons, roots and tubers
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesWebsite:www.paprikakwekerijgemapa.be
E-mail:info@paprikakwekerijgemapa.be
Phone:0486909363
Phone:09/3718914