GEMF DEVELOPMENT
ActiveSummary
GEMF DEVELOPMENT has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74,628 and a net result of -€22,399. Equity is growing by about 5.1% per year across the filed financial years. Its solvency ranks better than 84% of 39,152 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €74,628
- Loss
- -€22,399
Why 94raises riskLoss of €22,399 (financial year 2025)lowers riskLiquidity: current ratio 7.04, cash €74,514Size: total assets €86,757Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 86% on solvency, 92% on liquidity, 4% on profitability and 21% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 43 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Liquidity more than doubledcurrent ratio 4.50
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €19,594 after €13,286 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88.2% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 4,805 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €0 | €1,800 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,957 | €2,697 | €2,382 | €2,593 | €2,190 | €2,310 | €2,595 | ▲ 12.3% |
| Other operating charges640/8 | - | - | - | €4,447 | €881 | - | €682 | - |
| Non-recurring operating charges66A | - | - | - | - | - | - | €255 | - |
| Gross operating margin9900 | €15,307 | -€6,950 | €7,080 | €36,319 | €84,388 | €17,396 | -€16,061 | - |
| Operating profit (loss)9901 | €113 | -€14,158 | €1,414 | €29,278 | €81,317 | €13,286 | -€19,594 | - |
| Financial income75/76B | - | - | - | €30 | €534 | €237 | €115 | ▼ 51.2% |
| Recurring financial income75 | €577 | €426 | €2,341 | €30 | €534 | €237 | €115 | ▼ 51.2% |
| Financial charges65/66B | - | - | - | €1,158 | €2,175 | €955 | €2,709 | ▲ 184% |
| Recurring financial charges65 | €3,986 | €12,767 | €1,061 | €1,158 | €2,175 | €955 | €2,709 | ▲ 184% |
| Profit (loss) for the period before taxes9903 | -€3,295 | -€55,774 | €2,695 | €28,150 | €79,676 | €12,567 | -€22,188 | - |
| Income taxes67/77 | €6,766 | €2,982 | - | €6,916 | €23,849 | €7,294 | €211 | ▼ 97.1% |
| Profit (loss) for the period9904 | -€10,061 | -€58,756 | €2,695 | €21,234 | €55,827 | €5,274 | -€22,399 | - |
| Profit (loss) for the period to be appropriated9905 | -€10,061 | -€58,756 | €2,695 | €21,234 | €55,827 | €5,274 | -€22,399 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €297,926 | €74,801 | €78,257 | €146,711 | €185,729 | €126,222 | €86,757 | ▼ 31.3% |
| Fixed assets21/28 | €248,787 | €6,815 | €2,196 | €1,384 | €4,876 | €3,994 | €1,399 | ▼ 65.0% |
| Tangible fixed assets22/27 | €248,787 | €6,815 | €2,196 | €1,384 | €4,876 | €3,994 | €1,399 | ▼ 65.0% |
| Plant, machinery and equipment23 | - | - | - | €1,384 | €0 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | - | €4,876 | €3,994 | €1,399 | ▼ 65.0% |
| Other tangible fixed assets26 | - | - | - | - | €0 | €0 | - | - |
| Current assets29/58 | €49,139 | €67,986 | €76,061 | €145,328 | €180,852 | €122,228 | €85,358 | ▼ 30.2% |
| Amounts receivable within one year40/41 | €32,503 | €19,213 | €33,904 | €58,199 | €16,957 | €34,112 | €10,170 | ▼ 70.2% |
| Trade receivables40 | - | - | - | €54,243 | €16,288 | €34,112 | €8,133 | ▼ 76.2% |
| Other amounts receivable41 | - | - | - | €3,956 | €669 | - | €2,037 | - |
| Cash at bank and in hand54/58 | €16,158 | €48,472 | €41,845 | €86,805 | €163,188 | €87,554 | €74,514 | ▼ 14.9% |
| Deferred charges and accrued income490/1 | - | - | - | €324 | €707 | €561 | €674 | ▲ 20.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €297,926 | €74,801 | €78,257 | €146,711 | €185,729 | €126,222 | €86,757 | ▼ 31.3% |
| Equity10/15 | €112,019 | €53,263 | €55,957 | €77,192 | €97,027 | €97,027 | €74,628 | ▼ 23.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | - | - | €12,400 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €55,827 | €55,827 | €55,827 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - | - | - |
| Legal reserve130 | - | - | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | €55,827 | €55,827 | €55,827 | = |
| Profit (loss) carried forward14 | €103,959 | €45,203 | €47,897 | €69,132 | €35,000 | €35,000 | €12,601 | ▼ 64.0% |
| Amounts payable17/49 | €185,908 | €21,538 | €22,300 | €69,520 | €88,702 | €29,196 | €12,129 | ▼ 58.5% |
| Amounts payable after more than one year17 | €164,384 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €21,523 | €16,712 | €22,300 | €39,115 | €88,699 | €27,137 | €12,129 | ▼ 55.3% |
| Financial debts43 | - | - | - | - | €428 | €1,027 | €953 | ▼ 7.2% |
| Credit institutions430/8 | - | - | - | - | €428 | €1,027 | €953 | ▼ 7.2% |
| Trade debts44 | €5,365 | €16,712 | €21,929 | €34,754 | €39,850 | €11,215 | €4,173 | ▼ 62.8% |
| Suppliers440/4 | - | - | - | €34,754 | €39,850 | €11,215 | €4,173 | ▼ 62.8% |
| Taxes, remuneration and social security45 | - | - | - | €1,142 | €4,793 | €3,551 | €3,000 | ▼ 15.5% |
| Taxes450/3 | - | - | - | €1,142 | €4,793 | €3,551 | €807 | ▼ 77.3% |
| Remuneration and social security454/9 | - | - | - | - | €0 | - | €2,193 | - |
| Other amounts payable47/48 | - | - | - | €3,219 | €43,629 | €11,344 | €4,004 | ▼ 64.7% |
| Accrued charges and deferred income492/3 | - | - | - | €30,405 | €3 | €2,058 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,061 | -€58,756 | €2,695 | €21,234 | €55,827 | €5,274 | -€22,399 | - |
| + Depreciation and write-downs630 | €11,957 | €2,697 | €2,382 | €2,593 | €2,190 | €2,310 | €2,595 | ▲ 12.3% |
| Operating cash flow (approximation) | €1,896 | -€56,059 | €5,077 | €23,828 | €58,017 | €7,584 | -€19,804 | - |
| Investment in fixed assets (approximation) | - | €239,276 | €2,237 | -€1,781 | -€5,683 | -€1,428 | €0 | - |
| Change in cash | - | €32,314 | -€6,627 | €44,960 | €76,383 | -€75,634 | -€13,040 | ▲ 82.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 27-04-2026 | 2026-00088799 |
| 30-09-2024 | micro format | 08-04-2025 | 2025-00066508 |
| 30-09-2023 | micro format | 29-04-2024 | 2024-00073216 |
| 30-09-2022 | micro format | 02-02-2023 | 2023-00026138 |
| 30-09-2021 | micro format | 08-03-2022 | 2022-07300415 |
| 30-09-2020 | micro format | 23-02-2021 | 2021-05900601 |
| 30-09-2019 | micro format | 18-02-2020 | 2020-05200563 |
| 30-09-2018 | full format | 15-03-2019 | 2019-07100248 |
| 30-09-2017 | full format | 09-03-2018 | 2018-06800301 |
| 30-09-2016 | full format | 07-03-2017 | 2017-05900287 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Philippe POSSAMAI |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
22-02
Gazette deed
Appointment: Philippe POSSAMAI (director)Founding capital · Capital conversion · Capital12 facts ▸
- General meeting, 30-01-2023
- Founding capital, €18,600
- Other provision, “unanimité, situation bilantaire” (deed in French)
- Capital conversion, “capitaux propres statutairement indisponibles” (deed in French)
- Capital conversion, “capitaux propres disponibles pour distribution” (deed in French)
- Capital, €6,200
- Amendment of the articles
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Board composition, Ingrid VAN LOOCKE (director (not named in the articles))
- Director appointment, Philippe POSSAMAI (director)
- Power of attorney
- Other provision, “unanimité, résolution” (deed in French)
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25764N0809/00X000 | Wallonia | 947 m² | 1 · 146 m² | 8.2 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La recherche,le développement,l étude comparative,le suivi en matière de consultance,communication,gestion,marketing,production et…” (deed in French)
8 activities (deed in French)
- La recherche,le développement,l étude comparative,le suivi en matière de consultance,communication,gestion,marketing,production et publicitaire au niveau belge,européen et mondial
- Le coaching,l expertise et la conception relatifs aux matières sus mentionnées
- L édition,la réalisation,la production et la diffusion de tout texte,image sur tous supports en toutes langues et tous pays relatives aux activités précitées
- La coordination,organisation et la promotion de produits,conférences,de voyages d incentives et d évènements nationaux et internationaux,dans tous domaines et plus spécialement dans les activités précitées,ceci comprenant entre autres la recherche de clients belges et internationaux,la prospection,l élaboration et le suivi de programmes,schéma directif la mise au point de matériel didactique,la logistique et le suivi
- La création d une banque internationale de données sur tous supports(photo,vidéo,numérique,sound,etc...)et tous médias actuels et futurs en relation avec les activités précitées
- La formation dans les matières précitées
- La gestion des immeubles et des droits réels de la société
- Toute prise de participation financière
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GEMF DEVELOPMENT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Déterminée ou indéterminée, un ou plusieurs administrateurs personnes physiques ou morales” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, une voix par action” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Rapport liant pour parties, valorisation des actions” (deed in French)1 more provision on this in the deed
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of March at 18:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Toutes les dettes, charges et frais de liquidation, pouvoirs” (deed in French)