GembaS
ActiveGembaS has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24k and a net result of €59k. Equity is shrinking by ~27.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 17% of 31697 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency36▼-64
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.12 against 4.58 in 2024; short-term debt: 81.2% and cash: 44.3% of total assets), and 88.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
11.1%
Return on assets
27%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 31697 sector peers (2025).
NBB · sector comparisonPosition among 31697 sector peers
Solvency
better than 17%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-08-2026, 102 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
102 d late
2024
203 d late
2023
113 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€24k▼ 78.9%
2024 · €115k
2023: €54k
2024: €115k
2023 → 2025
Total assets
€220k▲ 49.1%
2024 · €147k
2023: €84k
2024: €147k
2023 → 2025
Net result
€59k▼ 2.6%
2024 · €61k
2023: €51k
2024: €61k
2023 → 2025
Working capital
€22k▼ 80.7%
2024 · €114k
2023: €54k
2024: €114k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€54k-€115k▲ 112%€24k▼ 78.9%
Operating result€65k-€77k▲ 19.2%€76k▼ 1.7%
Net result€51k-€61k▲ 18.6%€59k▼ 2.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €220k
Fixed assets
€19k▲ 1,245%
Current assets
€200k▲ 37.3%
Equity and liabilities €220k
Equity
€24k▼ 78.9%
Debt
€195k▲ 513%
The debt ratio rises from 21.6% to 88.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€80k▲
2024 · €78k
Cash flow
€63k▲
2024 · €61k
Solvency
11.1%▼
2024 · 78.4%
Current ratio
1.12▼
2024 · 4.58
Quick ratio
1.12▼
2024 · 4.58
Debt / equity
8.01▲
2024 · 0.28
ROE
243.7%▲
2024 · 52.8%
ROA
27.0%▼
2024 · 41.4%
Interest coverage
487.41▼
2024 · 712.93
Debt
€195k▲
2024 · €32k
Debt ≤ 1 year
€178k▲
2024 · €32k
Debt > 1 year
€17k
Income taxes
€17k▲
2024 · €16k
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€147k€220k▲
Fixed assets21/28€1k€19k▲
Tangible fixed assets22/27€1k€19k▲
Furniture and vehicles24€1k€19k▲
Current assets29/58€146k€200k▲
Amounts receivable within one year40/41€17k€103k▲
Trade receivables40€17k€0▼
Other amounts receivable41€4€103k▲
Cash at bank and in hand54/58€128k€97k▼
Deferred charges and accrued income490/1€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€147k€220k▲
Equity10/15€115k€24k▼
Contributions10/11€3k€3k=
Reserves13€112k€0▼
Distributable reserves133€112k€0▼
Profit (loss) carried forward14€0€21k▲
Amounts payable17/49€32k€195k▲
Amounts payable after more than one year17-€17k
Financial debts170/4-€17k
Amounts payable within one year42/48€32k€178k▲
Trade debts44€1k-
Suppliers440/4€1k-
Taxes, remuneration and social security45€28k€42k▲
Taxes450/3€28k€42k▲
Other amounts payable47/48€3k€136k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€204€4k▲
Other operating charges640/8€141€337▲
Gross operating margin9900€78k€80k▲
Operating profit (loss)9901€77k€76k▼
Financial income75/76B€2€353▲
Recurring financial income75€2€353▲
Financial charges65/66B€109€164▲
Recurring financial charges65€109€164▲
Profit (loss) for the period before taxes9903€77k€76k▼
Income taxes67/77€16k€17k▲
Profit (loss) for the period9904€61k€59k▼
Profit (loss) for the period to be appropriated9905€61k€59k▼
Appropriation of the result
Profit (loss) to be appropriated9906€61k€59k▼
Profit (loss) brought forward from the previous period14P€398€0▼
Transfer from equity791/2-€112k
Transfer to equity691/2€61k-
To other reserves6921€61k-
Profit to be distributed694/7-€150k
Return on contributions (dividend)694-€150k
The notes to these accounts (6 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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 102 days late
2025
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 203 days late
2024
30-09
Financial
Highest result since 2023net €61k ▲18.6%
Operating result €77k, net result €61k, both a record.
30-09
Financial
Equity above €100kEq €115k ▲112%
2 profitable years in a row build equity to €115k.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 113 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Aalst · 1 establishment unit since 2022
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.
Valerius De Saedeleerstraat 289300 AalstGround area
333 m²
Building footprint
125 m²
Volume, LiDAR
966 m³
Parcel 41302C1018/00G005, Flanders · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GembaS
since 20222.343.258.890
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41302C1018/00G005 | Flanders | 333 m² | 1 · 125 m² | 13.0 m · 3 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.
Similar companies · same sector, comparable size
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RAMCO
BE 0765.579.824
Anderlecht · Eq €24k
Lien Verwimp
BE 0765.531.918
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ABK Consulting & Services
BE 0804.760.993
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FAKTA
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,577. 32,638 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2022
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
62020IT consultancy
62200Computer consultancy and computer facilities management
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
78100Employment placement agencies
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.