GEMI
ActiveThe computed 12-month bankruptcy probability of GEMI is 2.9% (moderate). The 2024 annual accounts show negative equity (€-187k) and a net result of €-203k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 18941 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
17
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-2
Solvency0▼-38
Growth24=
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.07 against 0.33 in 2023; short-term debt: 223.2% and cash: 6.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-150%
Return on assets
-162.5%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-187k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-09-2025, 35 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d late
2023
29 d late
2022
49 d early
2021
44 d early
2020
57 d early
2019
28 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€299k▼ 8.2%
2018 · €326k
2018: €326k
2018 → 2019
EBIT margin
-0.5%▲ 3.4pp
2018 · -3.9%
2018: -3.9%
2018 → 2019
Net result
€-203k▼ 1,169%
2023 · €-16k
2018: €-16k
2019: €-4k
2020: €8k
2021: €-12k
2022: €9k
2023: €-16k
2018 → 2024
Working capital
€-261k▼ 324%
2023 · €-61k
2018: €-1k
2019: €5k
2020: €-19k
2021: €-22k
2022: €-14k
2023: €-61k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€35k-€23k▼ 35.1%€32k▲ 39.6%€16k▼ 50.5%€-187k
Operating result€18k-€-9k€12k€-15k€-198k▼ 1,244%
Net result€8k-€-12k€9k€-16k€-203k▼ 1,169%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €198k in 2024 against €15k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €125k
Fixed assets
€107k▲ 23.2%
Current assets
€18k▼ 38.9%
Key figures and ratios
EBITDA
€-186k▼
2023 · €-9k
Cash flow
€-191k▼
2023 · €-11k
Solvency
-150.0%▼
2023 · 13.5%
Current ratio
0.07▼
2023 · 0.33
Quick ratio
0.04▼
2023 · 0.26
Debt / equity
-1.67▼
2023 · 6.41
ROA
-162.5%▼
2023 · -13.7%
Interest coverage
-36.35▼
2023 · -7.40
Debt
€312k▲
2023 · €101k
Debt ≤ 1 year
€279k▲
2023 · €91k
Debt > 1 year
€33k▲
2023 · €7k
Staff costs
€377k▲
2023 · €380
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€116k€125k▲
Formation expenses20-€0
Fixed assets21/28€87k€107k▲
Tangible fixed assets22/27€87k€107k▲
Land and buildings22€47k€59k▲
Plant, machinery and equipment23€35k€32k▼
Furniture and vehicles24€676€338▼
Other tangible fixed assets26€4k€4k▼
Assets under construction and advance payments27-€12k
Current assets29/58€30k€18k▼
Stocks and contracts in progress3€6k€6k▲
Stocks30/36€6k€6k▲
Amounts receivable within one year40/41€7k€3k▼
Trade receivables40€225€652▲
Other amounts receivable41€7k€2k▼
Cash at bank and in hand54/58€15k€9k▼
Deferred charges and accrued income490/1€2k€328▼
Equity and liabilities
Total equity and liabilities10/49€116k€125k▲
Equity10/15€16k€-187k▼
Contributions10/11€35k€35k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Profit (loss) carried forward14€-26k€-229k▼
Amounts payable17/49€101k€312k▲
Amounts payable after more than one year17€7k€33k▲
Financial debts170/4€7k€33k▲
Amounts payable within one year42/48€91k€279k▲
Financial debts43€6k-
Credit institutions430/8€6k-
Trade debts44€61k€143k▲
Suppliers440/4€61k€143k▲
Taxes, remuneration and social security45-€27k
Taxes450/3-€9k
Remuneration and social security454/9-€18k
Other amounts payable47/48€23k€109k▲
Accrued charges and deferred income492/3€3k-
Income statement
Code20232024
Remuneration, social security and pensions62€380€377k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€12k▲
Other operating charges640/8€1k€7k▲
Gross operating margin9900€-8k€198k▲
Operating profit (loss)9901€-15k€-198k▼
Financial income75/76B-€56
Recurring financial income75-€56
Financial charges65/66B€1k€5k▲
Recurring financial charges65€1k€5k▲
Profit (loss) for the period before taxes9903€-16k€-203k▼
Profit (loss) for the period9904€-16k€-203k▼
Profit (loss) for the period to be appropriated9905€-16k€-203k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-229k▼
Profit (loss) brought forward from the previous period14P€7k€-26k▼
Transfer to equity691/2€16k-
To contributions691€16k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
31-12
Financial
Weakest financial yearnet €-203k
Net result drops to €-203k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Hechtel-Eksel · 1 establishment unit since 2002
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.
Twaalf septemberstraat 73940 Hechtel-EkselGround area
494 m²
Building footprint
295 m²
Volume, LiDAR
1,632 m³
Parcel 72013D0484/00V000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BISTRO KAFEE
since 20022.096.291.150
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72013D0484/00V000 | Flanders | 494 m² | 1 · 295 m² | 9.1 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHechtel-Eksel2.096.291.150
Similar companies · same sector, comparable size
HEUREUX DANNS
BE 1001.527.572
Châtelet · Eq €16k
THIS IS MONACO
BE 0567.803.554
Antwerpen · Eq €16k
MODEL'ONGLE
BE 0434.993.431
Sint-Jans-Molenbeek · Eq €16k
SD-VARIA
BE 0798.745.708
Kortemark · Eq €16k
TEE HUIS
BE 0811.493.684
Antwerpen · Eq €16k
Of 14,028 companies in sector 56301 we hold annual accounts for 4,893. 3,872 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-06-2002
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.