Skip to content
Private limited companyfounded 2024active for 2 yearsBrugstraat 13, 8904 Ieper, BelgiumKBO/BCE: BE 1005.265.636
Summary

GEMD is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €76,407 and a net result of €66,407. Its solvency ranks better than 13% of 9,743 sector peers (NACE 64, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00467877.

Equity
€76,407
Net result
€66,407
Total assets
€1.2m
Solvency
6.2%

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €1.2m
Fixed assets €1.2m
Current assets €36,738
Equity and liabilities €1.2m
Equity €76,407
Debt €1.2m
Debt finances 93.8% of the balance-sheet total.
Key figures and ratios
2025 value
ROE
86.9%
ROA
5.4%
Debt ≤ 1 year
€303,735
Debt > 1 year
€858,963
Income taxes
€18,728
Staff costs
€8,912
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 42 lines
Balance sheet Code2025
Assets
Total assets20/58€1.2m
Fixed assets21/28€1.2m
Tangible fixed assets22/27€0.1m
Land and buildings22€0.06m
Furniture and vehicles24€0.04m
Financial fixed assets28€1.1m
Current assets29/58€0.04m
Amounts receivable within one year40/41€0.03m
Other amounts receivable41€0.03m
Cash at bank and in hand54/58€0.008m
Deferred charges and accrued income490/1€0.001m
Equity and liabilities
Total equity and liabilities10/49€1.2m
Equity10/15€0.08m
Contributions10/11€0.01m
Reserves13€0.07m
Distributable reserves133€0.07m
Amounts payable17/49€1.2m
Amounts payable after more than one year17€0.9m
Financial debts170/4€0.9m
Amounts payable within one year42/48€0.3m
Current portion of amounts payable after more than one year42€0.1m
Trade debts44€0.07m
Suppliers440/4€0.07m
Taxes, remuneration and social security45€0.03m
Taxes450/3€0.03m
Other amounts payable47/48€0.1m
Income statement Code2025
Remuneration, social security and pensions62€0.009m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.02m
Other operating charges640/8€0.003m
Gross operating margin9900€0.2m
Operating profit (loss)9901€0.2m
Financial income75/76B€0.001m
Recurring financial income75€0.001m
Financial charges65/66B€0.09m
Recurring financial charges65€0.09m
Profit (loss) for the period before taxes9903€0.09m
Income taxes67/77€0.02m
Profit (loss) for the period9904€0.07m
Profit (loss) for the period to be appropriated9905€0.07m
Appropriation of the result
Profit (loss) to be appropriated9906€0.07m
Transfer to equity691/2€0.07m
To other reserves6921€0.07m

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€8,912
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,143
Other operating charges640/8€2,548
Gross operating margin9900€197,497
Operating profit (loss)9901€169,894
Financial income75/76B€1,404
Recurring financial income75€1,404
Financial charges65/66B€86,164
Recurring financial charges65€86,164
Profit (loss) for the period before taxes9903€85,135
Income taxes67/77€18,728
Profit (loss) for the period9904€66,407
Profit (loss) for the period to be appropriated9905€66,407
Line2025
Assets
Total assets20/58€1.2m
Fixed assets21/28€1.2m
Tangible fixed assets22/27€0.1m
Land and buildings22€0.06m
Furniture and vehicles24€0.04m
Financial fixed assets28€1.1m
Current assets29/58€0.04m
Amounts receivable within one year40/41€0.03m
Other amounts receivable41€0.03m
Cash at bank and in hand54/58€0.008m
Deferred charges and accrued income490/1€0.001m
Equity and liabilities
Total equity and liabilities10/49€1.2m
Equity10/15€0.08m
Contributions10/11€0.01m
Reserves13€0.07m
Distributable reserves133€0.07m
Amounts payable17/49€1.2m
Amounts payable after more than one year17€0.9m
Financial debts170/4€0.9m
Amounts payable within one year42/48€0.3m
Current portion of amounts payable after more than one year42€0.1m
Trade debts44€0.07m
Suppliers440/4€0.07m
Taxes, remuneration and social security45€0.03m
Taxes450/3€0.03m
Other amounts payable47/48€0.1m
Line2025
Profit (loss) for the period9904€66,407
+ Depreciation and write-downs630€16,143
Operating cash flow (approximation)€82,549

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 31-08-2026 2026-00467877

Similar companies · same sector, comparable size

Of the 24,455 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,128. 11,874 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.