@Gemba
ActiveSummary
@Gemba has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27,424 and a net result of €135,424. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency32▼-18
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.86 against 0.9 in 2024; short-term debt: 92.6% and cash: 68.8% of total assets), and 92.7% of the assets are financed with debt.
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Signals
Five 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 →
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
7.3%
Return on assets
36%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
4 d early
2024
8 d early
2023
19 d late
2022
2 d late
2021
2 d early
2020
33 d early
2019
70 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€27,424▼ 67.2%
2024 · €83,663
Total assets
€376,514▲ 12.9%
2024 · €333,500
Net result
€135,424▼ 10.7%
2024 · €151,663
Working capital
-€49,639▼ 108%
2024 · -€23,912
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
Line20212022202320242025
Operating result€219,177▲ 1,028%€163,836▼ 25.2%€223,196▲ 36.2%€200,487▼ 10.2%€178,639▼ 10.9%
Net result€165,599above the sector's middle half▲ 1,087%€124,530above the sector's middle half▼ 24.8%€168,204above the sector's middle half▲ 35.1%€151,663above the sector's middle half▼ 9.8%€135,424above the sector's middle half▼ 10.7%
Equity€187,599within the sector's middle half▲ 87.6%€312,129above the sector's middle half▲ 66.4%€190,204within the sector's middle half▼ 39.1%€83,663within the sector's middle half▼ 56.0%€27,424within the sector's middle half▼ 67.2%
Total assets€220,387within the sector's middle half▲ 70.5%€362,455within the sector's middle half▲ 64.5%€473,967within the sector's middle half▲ 30.8%€333,500within the sector's middle half▼ 29.6%€376,514within the sector's middle half▲ 12.9%
Debt€32,788▲ 12.1%€50,326▲ 53.5%€283,763▲ 464%€249,837▼ 12.0%€349,090▲ 39.7%
Working capital€179,783above the sector's middle half▲ 106%€301,477above the sector's middle half▲ 67.7%€55,198within the sector's middle half▼ 81.7%-€23,912below the sector's middle half-€49,639below the sector's middle half▼ 108%
Solvency85.1%above the sector's middle half▲ 7.8pp86.1%above the sector's middle half▲ 1.0pp40.1%within the sector's middle half▼ 46.0pp25.1%below the sector's middle half▼ 15.0pp7.3%below the sector's middle half▼ 17.8pp
Current ratio6.48above the sector's middle half▲ 2.496.99above the sector's middle half▲ 0.511.19within the sector's middle half▼ 5.800.90below the sector's middle half▼ 0.290.86below the sector's middle half▼ 0.05
Return on assets (ROA)75.1%above the sector's middle half▲ 64.4pp34.4%above the sector's middle half▼ 40.8pp35.5%above the sector's middle half▲ 1.1pp45.5%above the sector's middle half▲ 10.0pp36.0%above the sector's middle half▼ 9.5pp
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 has fallen two years in a row; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €376,514
Fixed assets
€77,463 ▼ 28.3%
Current assets
€299,051 ▲ 32.6%
Equity and liabilities €376,514
Equity
€27,424 ▼ 67.2%
Debt
€349,090 ▲ 39.7%
Debt's share of the balance-sheet total rises from 74.9% to 92.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€210,296▼
2024 · €232,196
Cash flow
€167,081▼
2024 · €183,372
Debt to equity
12.73▲
2024 · 2.99
ROE
493.8%▲
2024 · 181.3%
Interest coverage
882.00▲
2024 · 710.82
Debt ≤ 1 year
€348,690▲
2024 · €249,450
Income taxes
€43,364▼
2024 · €48,714
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 2,151 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,146 | €3,568 | €18,963 | €31,709 | €31,656 | ▼ 0.2% |
| Other operating charges640/8 | €1,792 | €555 | €959 | €2,138 | €1,233 | ▼ 42.3% |
| Gross operating margin9900 | €226,116 | €167,960 | €243,118 | €234,334 | €211,529 | ▼ 9.7% |
| Operating profit (loss)9901 | €219,177 | €163,836 | €223,196 | €200,487 | €178,639 | ▼ 10.9% |
| Financial income75/76B | - | €56 | - | €217 | €387 | ▲ 78.3% |
| Recurring financial income75 | - | €56 | - | €217 | €387 | ▲ 78.3% |
| Financial charges65/66B | €60 | €100 | €116 | €327 | €238 | ▼ 27.0% |
| Recurring financial charges65 | €60 | €100 | €116 | €327 | €238 | ▼ 27.0% |
| Profit (loss) for the period before taxes9903 | €219,117 | €163,792 | €223,081 | €200,378 | €178,788 | ▼ 10.8% |
| Income taxes67/77 | €53,519 | €39,262 | €54,877 | €48,714 | €43,364 | ▼ 11.0% |
| Profit (loss) for the period9904 | €165,599 | €124,530 | €168,204 | €151,663 | €135,424 | ▼ 10.7% |
| Profit (loss) for the period to be appropriated9905 | €165,599 | €124,530 | €168,204 | €151,663 | €135,424 | ▼ 10.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €220,387 | €362,455 | €473,967 | €333,500 | €376,514 | ▲ 12.9% |
| Fixed assets21/28 | €7,815 | €10,651 | €135,006 | €107,963 | €77,463 | ▼ 28.3% |
| Tangible fixed assets22/27 | €7,815 | €10,651 | €135,006 | €107,963 | €77,463 | ▼ 28.3% |
| Furniture and vehicles24 | €4,302 | €4,134 | €129,814 | €102,998 | €73,859 | ▼ 28.3% |
| Other tangible fixed assets26 | €3,513 | €6,517 | €5,192 | €4,965 | €3,603 | ▼ 27.4% |
| Current assets29/58 | €212,572 | €351,804 | €338,962 | €225,538 | €299,051 | ▲ 32.6% |
| Amounts receivable within one year40/41 | €26,848 | €45,592 | €105,958 | €107,020 | €19,693 | ▼ 81.6% |
| Trade receivables40 | €26,136 | €41,828 | €105,958 | €107,020 | €19,693 | ▼ 81.6% |
| Other amounts receivable41 | €712 | €3,764 | - | - | - | - |
| Current investments50/53 | €13,000 | €13,000 | €13,000 | €13,000 | €13,000 | = |
| Cash at bank and in hand54/58 | €169,123 | €289,223 | €212,477 | €101,339 | €259,037 | ▲ 156% |
| Deferred charges and accrued income490/1 | €3,601 | €3,988 | €7,526 | €4,178 | €7,321 | ▲ 75.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €220,387 | €362,455 | €473,967 | €333,500 | €376,514 | ▲ 12.9% |
| Equity10/15 | €187,599 | €312,129 | €190,204 | €83,663 | €27,424 | ▼ 67.2% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | - | - | - |
| Distributable reserves133 | - | - | - | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €165,599 | €290,129 | €168,204 | €61,663 | €5,424 | ▼ 91.2% |
| Amounts payable17/49 | €32,788 | €50,326 | €283,763 | €249,837 | €349,090 | ▲ 39.7% |
| Amounts payable within one year42/48 | €32,788 | €50,326 | €283,763 | €249,450 | €348,690 | ▲ 39.8% |
| Trade debts44 | €1,302 | €592 | €7,171 | €1,368 | €4,761 | ▲ 248% |
| Suppliers440/4 | €1,302 | €592 | €7,171 | €1,368 | €4,761 | ▲ 248% |
| Taxes, remuneration and social security45 | €31,110 | €49,735 | €42,017 | €33,812 | €42,355 | ▲ 25.3% |
| Taxes450/3 | €31,110 | €49,735 | €42,017 | €33,812 | €42,355 | ▲ 25.3% |
| Other amounts payable47/48 | €377 | - | €234,576 | €214,270 | €301,574 | ▲ 40.7% |
| Accrued charges and deferred income492/3 | - | - | - | €387 | €400 | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €165,599 | €124,530 | €168,204 | €151,663 | €135,424 | ▼ 10.7% |
| + Depreciation and write-downs630 | €5,146 | €3,568 | €18,963 | €31,709 | €31,656 | ▼ 0.2% |
| Operating cash flow (approximation) | €170,745 | €128,098 | €187,167 | €183,372 | €167,081 | ▼ 8.9% |
| Investment in fixed assets (approximation) | - | -€6,405 | -€143,317 | -€4,666 | -€1,156 | ▲ 75.2% |
| Change in cash | - | €120,100 | -€76,746 | -€111,138 | €157,698 | ▲ 242% |
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
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Highest result since 2018net €168,204 ▲35.1%
Operating result €223,196, net result €168,204, both a record.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
31-12
Financial
Equity above €200,000Eq €312,129 ▲66.4%
5 profitable years in a row build equity to €312,129.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €187,599 ▲87.6%
4 profitable years in a row build equity to €187,599.
14-09
State Gazette act
General meeting · Statutes amendment
Capital · Corporate purpose
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €13,948 ▼62.3%
Net result drops to €13,948, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 3.99
Current ratio from 1.94 to 3.99; short-term debt falls from €68,732 to €29,262.
Show earlier events
31-12
Financial
Equity above €100,000Eq €100,009 ▲16.2%
3 profitable years in a row build equity to €100,009.
22-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ukkel · 1 establishment unit since 2016
Ground area
2,093 m²
Building footprint
216 m²
Volume, LiDAR
1,697 m³
Parcel 21614H0008/00V040, Brussels · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
@GEMBA
since 20162.264.922.185
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0008/00V040 | Brussels | 2,093 m² | 1 · 216 m² | 12.1 m · 3 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.
Structure & network
Connections & network
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Legal Entity Identifier
549300XP7NXVU9PPRU48
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 33,721 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
66199Other activities auxiliary to financial services, excluding insurance and pension funding
74209Other photographic activities
Contact
E-mail
vaes10@gmail.com
Phone
0475868074
E-invoicing
Reachable via Peppol
Peppol ID
0208:0668397009
Registered
17-02-2025
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.