Equity
-€59,230
Debts exceed assets in financial year 2025.
GEMI Construct
Overview
Lifetime
4 annual accounts with figures on one time axispeak €32,923 (2025)
€32,923▲ €41,757
lowest -€41,118 (2024)
€17,154▲ €58,271
peak -€6,571 (2022)
-€59,230▲ €17,154
€329,557▼ 59.5%
Board2 names since 2021
2 directors and 1 other
Documentsfilings and deeds
26-08-202626 days late
2025micro format
Gross margin from -€8,834 to €32,923Back to profit: €17,154Equity from -€76,384 to -€59,230Debts from €814,243 to €329,557Cash from €129 to €75
Key points
from the 2025 annual accountsResult
€17,154 €17,154
Back in profit in 2025, after a loss of €41,118 in 2024.
Turnover
≈ €230,000 estimated
The micro format states no turnover.
Debts
€329,557 122% of the balance sheet
Filings
4 annual accounts 3 late
The 2024 accounts came latest: 35 days after the end of the period.
Position in the sector
-€59,230
Less equity than 95% of companies in construction of buildings. Sector median €45,781 · 10,155 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,180 companies had the same profile as GEMI Construct has now. Each dot stands for 6 companies, two years later.
88.8%
were still trading
5.8%
stopped another way
4.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,180 companies, not a prediction for GEMI Construct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director
Director
- founderdeed of 05-07-2021
- founderdeed of 05-07-2021
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0770609669
Registered office moved from Hechtel-Eksel to Leopoldsburg
New registered office: Pater Asteerstraat 79, 3970 Leopoldsburg · Previous registered office: Koning Boudewijnstraat 29, 3940 Hechtel-Eksel · General meeting of 01-09-2024 · Gazette deed
Incorporation
Founders: and · 100 shares · Appointments: (director) and (director) · published on 05-07-2021 · Gazette deed
First establishment
Koning Boudewijnstraat 29, Hechtel-Eksel
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GEMI Construct Leopoldsburg | €270,327 | €32,923 | -21.9% | - |
| TB Algemene Aannemingen Alken | €269,424 | €35,462 | 22.1% | - |
| D.A. PROJECTS Hamont-Achel | €279,412 | €41,122 | 31.6% | - |
| UP-HOMES Sint-Truiden | €282,112 | €42,600 | 24.3% | - |
| PEINTURE PROJECT Halle | €261,952 | €32,667 | 40.8% | - |
| ALEA PROJECTS Bruges | €262,918 | €34,380 | 81.0% | - |
| BRIQDA BUILD Brussels | €293,477 | €29,965 | 38.9% | - |
These companies have the same main activity as GEMI Construct: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €262,000 and €293,000, founded in 2021.
Official details
Source: KBO- Status
- Active since 01-07-2021Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.319.000.0813940 Hechtel-Eksel, since 01-07-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Annual accounts 2025
- €32,923
- €17,154
- -€59,230▲ 22.5%
- €270,327▼ 63.4%
- Filing
- Filed on 26-08-2026
Insights on GEMI Construct
GEMI Construct files the micro format. That format states no turnover. The gross margin rose from -€5,071 in 2022 to €32,923 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 26-08-2026, 26 days late€32,923
▲ €41,757
€32,337
▲ €41,622
€17,154
▲ €58,271
-€59,230
▲ €17,154
-21.9%
▼ 11.6 percentage points
0.82
▼ 0.09
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €230,000. Estimated: probably between €130,000 and €410,000.
Balance sheet
balance sheet total €270,327 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-21.9%
Higher than 8% of 10,152 companies in 2025.
0.82
Higher than 15% of 9,863 companies in 2025.
6.3%
Higher than 49% of 9,951 companies in 2025.
GEMI Construct
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
270,327 | 737,859 | 745,525 | 287,818 | |
29/58 |
270,327 | 737,859 | 745,525 | 287,818 | |
3 |
219,804 | 686,888 | 676,294 | 199,412 | |
30/36 |
219,804 | 686,888 | 676,294 | 199,412 | |
40/41 |
50,448 | 50,843 | 68,923 | 85,676 | |
41 |
50,448 | 50,843 | 68,923 | 85,676 | |
54/58 |
75 | 129 | 309 | 2,162 | |
490/1 |
- | - | - | 570 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
270,327 | 737,859 | 745,525 | 287,818 | |
10/15 |
-59,230 | -76,384 | -35,266 | -6,571 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | |
14 |
-62,230 | -79,384 | -38,266 | -9,571 | |
17/49 |
329,557 | 814,243 | 780,791 | 294,389 | |
42/48 |
329,557 | 814,243 | 780,791 | 294,389 | |
43 |
- | 486,278 | 486,278 | 170,164 | |
430/8 |
- | 486,278 | 486,278 | 170,164 | |
44 |
66,617 | 66,222 | 80,227 | 13,104 | |
440/4 |
66,617 | 66,222 | 80,227 | 13,104 | |
47/48 |
262,940 | 261,743 | 214,287 | 111,121 | |
| Income statement | |||||
9900 |
32,923 | -8,834 | -6,654 | -5,071 | |
640/8 |
586 | 451 | 510 | 949 | |
9901 |
32,337 | -9,286 | -7,164 | -6,019 | |
75/76B |
- | - | - | 0 | |
75 |
- | - | - | 0 | |
65/66B |
15,183 | 31,832 | 21,531 | 3,551 | |
65 |
15,183 | 31,832 | 21,531 | 3,551 | |
9903 |
17,154 | -41,118 | -28,695 | -9,571 | |
9904 |
17,154 | -41,118 | -28,695 | -9,571 | |
9905 |
17,154 | -41,118 | -28,695 | -9,571 | |
| Appropriation of the result | |||||
9906 |
-62,230 | -79,384 | -38,266 | -9,571 | |
14P |
-79,384 | -38,266 | -9,571 | - | |
| Document | |||||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 26 days after the deadline. Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00440504.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| -54 | -180 | -1,853 | - | ||
| -59,230 | -76,384 | -35,266 | -6,571 | ||
| -21.9% | -10.4% | -4.7% | -2.3% | ||
| 0.82 | 0.91 | 0.95 | 0.98 | ||
| 0.15 | 0.06 | 0.09 | 0.30 | ||
| 6.3% | -5.6% | -3.8% | -3.3% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on GEMI Construct
The operating result for 2025 is a profit of €32,337, after a loss of €9,286 in 2024. It is the highest result since 2022.
Equity is negative. Debt (€329,557) exceeds the balance-sheet total (€270,327).
Board & ownership
Board
2 directors, since incorporationDirector
appointed by deed of 05-07-2021
term without a fixed end
also on the board of 2 other companies
listed in the 2025 annual accounts, filed on 26-08-2026
Director
appointed by deed of 05-07-2021
term without a fixed end
also on the board of 3 other companies
listed in the 2025 annual accounts, filed on 26-08-2026
Mandates through the years
2 names, the dashed line is todayDirector
Director
Board
Mandates as a list
-
- Director, appointed by deed of 05-07-2021, still in office
-
- Director, appointed by deed of 05-07-2021, still in office
Control
Founders
,
This company
GEMI Construct
Equity -€59,230
Profit €17,154 in 2025
Capital
- Contribution
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- -€592 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 05-07-2021 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 20:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Founders
At incorporation
deed of 05-07-2021 ↗
- founder
- founder
Network & group
No group
GEMI Construct has no parent and no holdings in its annual accounts.
At the same address
Pater Asteerstraat 79, 3970 Leopoldsburg · 5 other companies| MS - Montage
registered office since 13-09-2019 · founded in 2019 |
1.5 FTE (2025) 0734.439.359 |
| HET PERRON
registered office since 10-06-2021 · founded in 2021 · negative equity (2025) |
total assets €674,399 (2025) 0769.570.383 |
| DEMI HOLDING
registered office since 14-11-2023 · founded in 2023 |
total assets €459,616 (2025) 1002.269.524 |
| GEMI Invest
registered office since 01-07-2021 · founded in 2021 · negative equity (2025) |
total assets €81,369 (2025) 0770.591.457 |
| Stinckens, Yoni (sole trader)
establishment since 13-04-2026 |
founded in 2026 1036.800.534 |
Earlier ties
via , no longer at · Director (not named in the articles) · deed of 17-09-2019 founded in 2019 |
1.5 FTE (2025) |
Connections & network
4 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
via · Director (not named in the articles) · deed of 06-05-2022
Founded in 2022 · total assets €134,381 (2025) · negative equity
via and · Director (not named in the articles) · deed of 05-07-2021
Founded in 2021 · total assets €81,369 (2025) · negative equity
via · Director · deed of 17-11-2023
Founded in 2023 · total assets €459,616 (2025)
via · Director (not named in the articles) · deed of 23-12-2022
Founded in 2022 · total assets €64,467 (2025)
Timeline
Timeline
10 events since 2021Filings
Financial
Establishments
Address
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 26 days late
2025
Back to profit net €17,154 The net result is €17,154, after 3 loss-making years.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0770609669
Annual accounts 2024 filed PDFmicro format · 35 days late
2024
Weakest financial year net -€41,118 The net result drops to -€41,118, the lowest from 2022 to 2025. It recovers the following year.
Registered office moved from Hechtel-Eksel to LeopoldsburgNew registered office: Pater Asteerstraat 79, 3970 Leopoldsburg · Previous registered office: Koning Boudewijnstraat 29, 3940 Hechtel-Eksel · General meeting of 01-09-20242 points ▸
- General meeting, 01-09-2024
- Registered-office move, Pater Asteerstraat 79, 3970 Leopoldsburg
- The deed holds 1 more point.
Annual accounts 2023 filed PDFmicro format · 29 days late
2023
Annual accounts 2022 filed PDFmicro format · 34 days before the deadline
2021
IncorporationFounders: and · 100 shares · Appointments: (director) and (director) · published on 05-07-20217 points ▸
- Founder,
- 100 shares
- Registered office clause, Koning Boudewijnstraat 29, 3940 Hechtel-Eksel
- Board rule, 2
- Director appointment,
- Director appointment,
- Founder,
- The deed holds 5 more points.
First establishment Koning Boudewijnstraat 29, Hechtel-Eksel
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0770.609.669
- VAT number
- BE 0770.609.669
- Peppol ID
- 0208:0770609669
- Other Peppol ID
- 9925:BE0770609669
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 01-07-2021
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 20:00deed of 05-07-2021 (in Dutch)
- Peppol
- Reachable since 08-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- GEMI Construct in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 05-07-2021 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- GEMI Constructdeed of 05-07-2021 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 05-07-2021 (in Dutch)
Activities
NACEBEL 202541001
General construction of residential buildings main activity
Codes under NACEBEL 2008
41201
General construction of buildings main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Algemene bouwonderneming zoals ondermeer het aannemen,het bouwen,verbouwen en verhandelen van woningen en andere gebouwen zowel in de…”deed of 05-07-2021 (in Dutch)
11 activities
- Algemene bouwonderneming zoals ondermeer het aannemen,het bouwen,verbouwen en verhandelen van woningen en andere gebouwen zowel in de particuliere,openbare als industriële sector;
- Projectontwikkeling,de bouwpromotie en handel in onroerende goederen voor eigen rekening;
- De aan-en verkoop en handelsbemiddeling van allerhande bouwmaterialen;
- Het uitvoeren en/of coördineren van algemene aannemingen,het bouwen en verbouwen,het onderhoud,de uitrusting,de inrichting,de versiering,de omvorming,de hernieuwing en het reinigen van alle onroerende goederen,parken en beplantingen;
- Het uitvoeren van alle bouwwerken en renovatiewerken;
- Het leveren en plaatsen en onderhouden van zwembaden,sauna,whirlpool,stoomcabines,jacuzzi’s en het leveren van aanverwante producten
- Het aankopen,het verkopen,het bouwen,doen bouwen,het doen verbouwen,het huren,het verhuren,het promoten,de leasing,het inrichten en het uitbaten van onroerende goederen;
- Het verwerven en beheren van onroerende goederen of zakelijke rechten daarop,in België of in het buitenland;
- Het huren,verhuren,in erfpacht of gebruik nemen van onroerende en/of roerende goederen;
- Het vormen en beheren van een onroerend en/of roerend patrimonium bestaande uit lichamelijke of onlichamelijke onroerende en/of roerende goederen.
- De handel in eigen onroerende goederen:woningen,appartementen en kantoorgebouwen,industriële gebouwen,gronden en terreinen;
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Pater Asteerstraat 79 registered office 3970 Leopoldsburg | ||
| Koning Boudewijnstraat 29 3940 Hechtel-Eksel | 01-07-2021 | 2.319.000.081 |
1 former office
- Koning Boudewijnstraat 29, 3940 Hechtel-Eksel until the deed of 19-09-2024
Buildings and parcels at the addresses
- Ground area
- 1,055 m²
- Buildings
- 257 m²
- Volume, LiDAR
- 832 m³
- Tallest building
- 16.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 72013D0648/00B005 | 655 m² | 1 · 148 m² | 8.4 m · 2 |
| 71034A3038/00T002 | 399 m² | 1 · 108 m² | 16.4 m |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0770.609.669