GEMBA (0478.561.871): financials and annual accounts

GEMBA

Ghent ·KBO/BCE: BE 0478.561.871

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	117,806	100,508	83,900	86,711	66,262	44,282	40,339	41,253	50,523	60,353	66,227	75,312	95,557	111,522	103,282	110,457	104,343	71,948	83,688	74,384
Fixed assets`21/28`	24,958	27,645	34,308	30,273	33,443	4,988	12,334	14,062	24,952	31,284	37,668	49,354	31,299	39,279	45,145	49,519	27,447	11,606	14,340	23,724
Tangible fixed assets`22/27`	22,408	25,095	31,758	27,723	30,893	2,438	9,784	11,512	22,402	28,734	35,118	46,804	28,749	36,729	45,145	49,519	27,447	11,606	14,340	23,724
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	102	349	651	450	-	-
Furniture and vehicles`24`	20,291	22,617	28,919	24,347	29,200	1,612	5,225	6,953	14,111	16,709	19,361	27,314	5,526	11,319	15,408	18,275	24,569	9,349	13,955	21,896
Other tangible fixed assets`26`	2,117	2,478	2,839	3,376	1,692	826	4,559	4,559	8,292	12,024	15,757	19,490	23,223	25,410	29,636	30,895	2,227	1,808	385	1,828
Financial fixed assets`28`	2,550	2,550	2,550	2,550	2,550	2,550	2,550	2,550	2,550	2,550	2,550	2,550	2,550	2,550	-	-	-	-	-	-
Current assets`29/58`	92,848	72,863	49,592	56,437	32,820	39,294	28,005	27,191	25,570	29,069	28,558	25,958	64,258	72,243	58,137	60,937	76,896	60,341	69,348	50,660
Amounts receivable within one year`40/41`	15,249	20,538	22,156	17,848	21,769	6,020	2,405	5,060	6,108	5,945	6,963	10,371	4,953	18,765	14,158	8,955	29,959	37,071	42,748	20,998
Trade receivables`40`	15,249	20,538	21,484	16,580	21,769	6,020	1,984	5,060	6,108	5,945	6,884	10,363	3,612	18,765	13,647	8,300	29,959	37,071	39,648	18,345
Other amounts receivable`41`	-	0	671	1,268	-	-	421	-	-	-	80	8	1,341	-	512	655	-	-	3,100	2,653
Cash at bank and in hand`54/58`	77,153	52,117	26,817	37,603	11,051	33,274	25,600	22,131	19,463	23,124	21,595	15,587	59,305	53,479	43,951	51,709	46,168	23,270	26,600	29,662
Deferred charges and accrued income`490/1`	446	209	619	986	-	-	-	-	-	-	-	-	-	-	27	274	769	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	117,806	100,508	83,900	86,711	66,262	44,282	40,339	41,253	50,523	60,353	66,227	75,312	95,557	111,522	103,282	110,457	104,343	71,948	83,688	74,384
Equity`10/15`	109,049	88,679	70,367	79,738	57,665	25,182	15,593	15,393	23,126	28,136	35,364	45,037	69,004	79,428	71,882	65,012	59,797	56,034	60,216	47,829
Contributions`10/11`	41,639	41,639	41,639	63,400	63,400	63,400	63,400	63,400	63,400	63,400	63,400	63,400	63,400	11,200	11,200	11,200	11,200	11,200	11,200	11,200
Issued capital`100`	-	-	-	-	-	-	70,800	70,800	70,800	70,800	70,800	70,800	70,800	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	7,400	7,400	7,400	7,400	7,400	7,400	7,400	7,400	7,400	7,400	7,400	7,400	7,400	7,400
Reserves`13`	66,021	46,021	28,021	16,260	9,360	9,360	9,360	9,360	9,360	9,360	9,360	9,360	9,360	67,360	60,360	53,360	48,860	48,860	48,860	35,860
Non-distributable reserves`130/1`	-	-	0	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	-	-	0	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	66,021	46,021	28,021	14,400	7,500	7,500	7,500	7,500	7,500	7,500	7,500	7,500	7,500	65,500	58,500	51,500	47,000	47,000	47,000	34,000
Profit (loss) carried forward`14`	1,389	1,019	707	78	-15,095	-47,578	-57,167	-57,367	-49,634	-44,624	-37,396	-27,723	-3,756	868	322	452	-263	-4,026	156	769
Amounts payable`17/49`	8,757	11,829	13,533	6,973	8,598	19,099	24,745	25,860	27,397	32,217	30,863	30,275	26,553	32,094	31,400	45,445	44,546	15,914	23,472	26,555
Amounts payable after more than one year`17`	-	-	-	-	0	13,500	20,000	20,000	20,000	20,000	20,000	20,000	20,000	23,300	23,300	16,240	23,297	11,000	15,500	18,000
Financial debts`170/4`	-	-	-	-	0	13,500	20,000	20,000	20,000	20,000	20,000	20,000	20,000	23,300	23,300	16,240	23,297	11,000	15,500	18,000
Amounts payable within one year`42/48`	8,757	11,829	13,533	6,973	8,598	5,599	4,745	5,860	7,397	12,217	10,863	10,275	6,553	8,794	8,100	29,205	21,249	4,914	7,972	8,555
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,940	7,057	7,057	-	-	-
Trade debts`44`	628	1,832	1,464	940	1,518	41	79	511	968	825	1,328	3,419	3,854	1,349	1,496	9,600	3,388	1,742	4,947	4,927
Suppliers`440/4`	628	1,832	1,464	940	1,518	41	79	511	968	825	1,328	3,419	3,854	1,349	1,496	9,600	3,388	1,742	4,947	4,927
Taxes, remuneration and social security`45`	7,130	8,965	11,915	6,033	7,079	5,187	2,942	5,349	5,905	6,985	3,741	2,940	1,648	5,658	2,494	1,809	4,371	811	1,532	3,628
Taxes`450/3`	7,130	8,965	11,915	6,033	7,079	3,987	842	899	1,455	2,485	3,741	2,940	1,648	5,658	2,494	1,809	4,371	811	1,532	3,628
Remuneration and social security`454/9`	-	-	-	-	0	1,200	2,100	4,450	4,450	4,500	-	-	-	-	-	-	-	-	-	-
Other amounts payable`47/48`	1,000	1,033	153	-	0	371	1,725	-	523	4,407	5,794	3,916	1,050	1,787	1,169	10,739	6,432	2,361	1,493	-
Income statement
Gross operating margin`9900`	43,850	39,017	35,439	40,295	41,148	17,514	4,917	7,182	10,365	7,186	5,102	-8,425	10,265	26,063	26,319	21,515	16,561	8,370	29,758	33,179
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	565	647	656
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	9,957	8,447	7,648	7,926	6,718	7,346	4,569	14,470	14,670	12,483	12,518	13,130	12,688	13,922	13,258	12,000	9,795	10,070	9,383	11,370
Other operating charges`640/8`	832	1,526	1,825	765	742	464	533	478	575	573	1,038	1,110	1,064	923	1,311	1,059	1,436	1,277	1,922	1,379
Non-recurring operating charges`66A`	646	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	32,414	29,043	25,965	31,604	33,688	9,705	-185	-7,765	-4,880	-5,869	-8,455	-22,665	-3,487	11,219	11,750	8,456	5,330	-3,543	17,806	19,774
Financial income`75/76B`	265	169	1	0	0	-	489	41	0	47	70	114	423	547	581	783	726	40	393	206
Recurring financial income`75`	265	169	1	0	0	-	489	41	0	47	70	114	423	547	581	783	726	40	393	206
Financial charges`65/66B`	125	0	33	110	-	-	-	8	2	1,400	1,409	1,401	1,461	1,658	1,877	1,453	1,334	770	1,236	1,425
Recurring financial charges`65`	125	0	33	110	-	-	-	8	2	1,400	1,409	1,401	1,461	1,658	1,877	1,453	1,334	770	1,236	1,425
Profit (loss) for the period before taxes`9903`	32,554	29,212	25,933	31,495	33,688	9,705	304	-7,733	-4,882	-7,222	-9,793	-23,952	-4,525	10,108	10,453	7,785	4,722	-4,272	16,963	18,555
Income taxes`67/77`	12,184	10,900	10,304	9,422	1,206	116	103	-	128	6	-120	15	99	2,562	3,582	2,571	959	-90	4,576	5,244
Profit (loss) for the period`9904`	20,370	18,312	15,629	22,073	32,482	9,589	201	-7,733	-5,010	-7,228	-9,673	-23,967	-4,624	7,545	6,871	5,215	3,763	-4,182	12,387	13,311
Profit (loss) for the period to be appropriated`9905`	20,370	18,312	15,629	22,073	32,482	9,589	201	-7,733	-5,010	-7,228	-9,673	-23,967	-4,624	7,545	6,871	5,215	3,763	-4,182	12,387	13,311
Appropriation of the result
Profit (loss) to be appropriated`9906`	21,389	19,019	15,707	6,978	-15,095	-47,578	-57,167	-57,367	-49,634	-44,624	-37,396	-27,723	-3,756	7,868	7,322	4,952	-263	-4,026	13,156	13,769
Profit (loss) brought forward from the previous period`14P`	1,019	707	78	-15,095	-47,578	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	0	3,239	-	-	-	-	-	-	-	-	-	58,000	-	-	-	-	-	-	-
Transfer to equity`691/2`	20,000	18,000	15,000	6,900	-	-	-	-	-	-	-	-	-	7,000	7,000	4,500	-	-	13,000	13,000
To other reserves`6921`	20,000	18,000	15,000	6,900	-	-	-	-	-	-	-	-	-	7,000	7,000	4,500	-	-	13,000	13,000
Profit to be distributed`694/7`	-	0	3,239	-	-	-	-	-	-	-	-	-	58,000	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	-	0	3,239	-	-	-	-	-	-	-	-	-	58,000	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	27-08-2026	2026-00435778	PDF
31-12-2024	micro format	26-08-2025	2025-00407012	PDF
31-12-2023	micro format	12-08-2024	2024-00343203	PDF
31-12-2022	micro format	11-04-2023	2023-00058757	PDF
31-12-2021	micro format	29-07-2022	2022-20252273	PDF
31-12-2020	micro format	17-06-2021	2021-21600431	PDF
31-12-2019	micro format	17-07-2020	2020-31400200	PDF
31-12-2018	micro format	02-07-2019	2019-27500219	PDF
31-12-2017	micro format	22-05-2018	2018-14200099	PDF
31-12-2016	micro format	25-08-2017	2017-48400332	PDF
31-12-2015	abbreviated format	31-08-2016	2016-56700177	PDF
31-12-2014	abbreviated format	03-07-2015	2015-27300525	PDF
31-12-2013	abbreviated format	18-07-2014	2014-32400077	PDF
31-12-2012	abbreviated format	07-05-2013	2013-11400526	PDF
31-12-2011	abbreviated format	24-08-2012	2012-45900354	PDF
31-12-2010	abbreviated format	26-05-2011	2011-12800584	PDF
31-12-2009	abbreviated format	29-03-2010	2010-08000330	PDF
31-12-2008	abbreviated format	18-05-2009	2009-15300359	PDF
31-12-2007	abbreviated format	17-07-2008	2008-43200292	PDF
31-12-2006	abbreviated format	21-06-2007	2007-26300013	PDF
31-12-2005	abbreviated format	27-03-2006	2006-08702073	PDF
31-12-2004	abbreviated format	20-04-2005	2005-12501521	PDF
31-12-2003	abbreviated format	16-04-2004	2004-11303241	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	42,371	37,490	33,614	39,531	40,406	17,051	4,384	6,705	9,790	6,613	4,063	-9,535	9,201	25,141	25,008	20,456	15,125	6,528	27,189	31,144
Cash flow	30,327	26,759	23,278	29,999	39,200	16,935	4,769	6,737	9,660	5,254	2,845	-10,837	8,064	21,467	20,129	17,215	13,558	5,888	21,770	24,681
Investment in fixed assets (approximation)	7,917	1,784	32,220	4,757	35,172	0	2,841	3,580	8,338	6,098	832	31,185	4,708	8,055	8,884	34,072	32,045	7,336	-1	2,148
Change in cash	25,036	25,300	-10,786	26,552	-22,223	7,674	3,470	2,668	-3,662	1,529	6,008	-43,718	5,826	9,527	-7,757	5,541	22,898	-3,330	-3,062	-
Working capital	84,091	61,034	36,059	49,464	24,222	33,694	23,260	21,331	18,174	16,852	17,696	15,683	57,705	63,449	50,037	31,733	55,647	55,427	61,376	42,105
Solvency	92.6%	88.2%	83.9%	92.0%	87.0%	56.9%	38.7%	37.3%	45.8%	46.6%	53.4%	59.8%	72.2%	71.2%	69.6%	58.9%	57.3%	77.9%	72.0%	64.3%
Current ratio	10.60	6.16	3.66	8.09	3.82	7.02	5.90	4.64	3.46	2.38	2.63	2.53	9.81	8.21	7.18	2.09	3.62	12.28	8.70	5.92
Debt to equity	0.08	0.13	0.19	0.09	0.15	0.76	1.59	1.68	1.18	1.15	0.87	0.67	0.38	0.40	0.44	0.70	0.74	0.28	0.39	0.56
ROE	18.7%	20.6%	22.2%	27.7%	56.3%	38.1%	1.3%	-50.2%	-21.7%	-25.7%	-27.4%	-53.2%	-6.7%	9.5%	9.6%	8.0%	6.3%	-7.5%	20.6%	27.8%
ROA	17.3%	18.2%	18.6%	25.5%	49.0%	21.7%	0.5%	-18.7%	-9.9%	-12.0%	-14.6%	-31.8%	-4.8%	6.8%	6.7%	4.7%	3.6%	-5.8%	14.8%	17.9%
Interest coverage	over 100	over 100	over 100	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€7,917	€1,784	€32,220	€4,757	€35,172
Financial fixed assets	€0	-	-	-	-
Depreciation and write-downs of the year	€9,957	€8,447	€7,648	€7,926	€6,718

GEMBA

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency92.6%

Current ratio10.60

Return on assets17.3%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on GEMBA

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