GEMIMAR
ActiveSummary
GEMIMAR has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €368,927 and a net result of -€51,993. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 31% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability13=
Solvency56▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity short (current ratio 0.5 against 0.51 in 2024; short-term debt: 69.2% and cash: 0.7% of total assets), and 69.2% of the assets are financed with debt.
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Signals
Five 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
30.8%
Return on assets
-4.3%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192021222425
2018 to 2025 · latest year -€51,993
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 17-11-2025, 17 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
17 d late
2024
on the day
2022
81 d late
2021
79 d late
2020
90 d late
2019
111 d late
2018
99 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 68 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€368,927▼ 12.4%
2024 · €420,919
Total assets
€1.2m▼ 1.0%
2024 · €1.2m
Net result
-€51,993▲ 8.1%
2024 · -€56,605
Working capital
-€418,747▼ 10.4%
2024 · -€379,297
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220242025
Operating result€90,886▼ 35.3%€415,266▲ 357%-€183,298-€47,038--€51,603▼ 9.7%
Net result€59,807above the sector's middle half▼ 37.1%€409,037above the sector's middle half▲ 584%-€315,985below the sector's middle half-€56,605below the sector's middle half--€51,993below the sector's middle half▲ 8.1%
Equity€384,473above the sector's middle half▲ 16.6%€793,510above the sector's middle half▲ 106%€477,524above the sector's middle half▼ 39.8%€420,919above the sector's middle half-€368,927above the sector's middle half▼ 12.4%
Total assets€1.2mabove the sector's middle half▲ 68.5%€1.3mabove the sector's middle half▲ 11.6%€1.2mabove the sector's middle half▼ 4.9%€1.2mabove the sector's middle half-€1.2mabove the sector's middle half▼ 1.0%
Debt€772,932▲ 116%€498,510▼ 35.5%€750,660▲ 50.6%€790,103-€830,037▲ 5.1%
Working capital-€453,922below the sector's middle half▼ 146%-€34,179below the sector's middle half▲ 92.5%-€336,232below the sector's middle half▼ 884%-€379,297below the sector's middle half--€418,747below the sector's middle half▼ 10.4%
Solvency33.2%within the sector's middle half▼ 14.8pp61.4%within the sector's middle half▲ 28.2pp38.9%within the sector's middle half▼ 22.5pp34.8%within the sector's middle half-30.8%within the sector's middle half▼ 4.0pp
Current ratio0.37below the sector's middle half▼ 0.110.92below the sector's middle half▲ 0.560.54below the sector's middle half▼ 0.390.51below the sector's middle half-0.50below the sector's middle half▼ 0.02
Return on assets (ROA)5.2%within the sector's middle half▼ 8.7pp31.7%above the sector's middle half▲ 26.5pp-25.7%below the sector's middle half▼ 57.4pp-4.7%below the sector's middle half--4.3%below the sector's middle half▲ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €51,603 in 2025 against €47,038 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€787,674 ▼ 2.7%
Current assets
€411,290 ▲ 2.5%
Equity and liabilities €1.2m
Equity
€368,927 ▼ 12.4%
Debt
€830,037 ▲ 5.1%
Debt's share of the balance-sheet total rises from 65.2% to 69.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€16,075▼
2024 · -€2,329
Cash flow
-€16,465▼
2024 · -€11,896
Quick ratio
0.49▼
2024 · 0.51
Debt to equity
2.25▲
2024 · 1.88
ROE
-14.1%▼
2024 · -13.4%
Interest coverage
-29.88▼
2024 · -0.74
Debt ≤ 1 year
€830,037▲
2024 · €780,583
Income taxes
€338▼
2024 · €5,608
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 8,616 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €408,100 | - | €22,264 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,443 | €35,433 | €34,224 | €44,709 | €35,528 | ▼ 20.5% |
| Other operating charges640/8 | - | €5,005 | €129,959 | €4,826 | €4,720 | ▼ 2.2% |
| Non-recurring operating charges66A | - | - | - | - | €82 | - |
| Gross operating margin9900 | €130,252 | €455,704 | -€19,115 | €2,497 | -€11,273 | ▼ 552% |
| Operating profit (loss)9901 | €90,886 | €415,266 | -€183,298 | -€47,038 | -€51,603 | ▼ 9.7% |
| Financial income75/76B | - | €261 | €609 | €46 | €486 | ▲ 948% |
| Recurring financial income75 | €1,656 | €261 | €609 | €46 | €486 | ▲ 948% |
| Financial charges65/66B | - | €2,405 | €3,638 | €4,005 | €538 | ▼ 86.6% |
| Recurring financial charges65 | €17,914 | €2,405 | €3,098 | €3,144 | €538 | ▼ 82.9% |
| Non-recurring financial charges66B | - | - | €539 | €861 | - | - |
| Profit (loss) for the period before taxes9903 | €74,628 | €413,122 | -€186,327 | -€50,997 | -€51,655 | ▼ 1.3% |
| Income taxes67/77 | €14,820 | €4,085 | €129,659 | €5,608 | €338 | ▼ 94.0% |
| Profit (loss) for the period9904 | €59,807 | €409,037 | -€315,985 | -€56,605 | -€51,993 | ▲ 8.1% |
| Profit (loss) for the period to be appropriated9905 | €38,757 | €409,037 | -€315,985 | -€56,605 | -€51,993 | ▲ 8.1% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.3m | €1.2m | €1.2m | €1.2m | ▼ 1.0% |
| Fixed assets21/28 | €895,088 | €870,618 | €841,321 | €809,736 | €787,674 | ▼ 2.7% |
| Tangible fixed assets22/27 | €895,088 | €870,618 | €841,321 | €809,736 | €787,674 | ▼ 2.7% |
| Land and buildings22 | - | €850,082 | €823,474 | €790,215 | €770,362 | ▼ 2.5% |
| Furniture and vehicles24 | - | €7,900 | €9,527 | €12,830 | €11,274 | ▼ 12.1% |
| Other tangible fixed assets26 | - | €12,635 | €8,320 | €6,691 | €6,039 | ▼ 9.8% |
| Current assets29/58 | €262,316 | €421,402 | €386,863 | €401,286 | €411,290 | ▲ 2.5% |
| Stocks and contracts in progress3 | €225 | €437 | €2,877 | €3,306 | €1,854 | ▼ 43.9% |
| Stocks30/36 | - | €437 | €2,877 | €3,306 | €1,854 | ▼ 43.9% |
| Amounts receivable within one year40/41 | €211,161 | €399,252 | €364,707 | €381,482 | €397,209 | ▲ 4.1% |
| Trade receivables40 | - | €162,554 | €226,811 | €241,861 | €255,276 | ▲ 5.5% |
| Other amounts receivable41 | - | €236,698 | €137,895 | €139,620 | €141,933 | ▲ 1.7% |
| Cash at bank and in hand54/58 | €50,930 | €21,712 | €19,280 | €13,846 | €8,495 | ▼ 38.6% |
| Deferred charges and accrued income490/1 | - | - | - | €2,653 | €3,732 | ▲ 40.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.3m | €1.2m | €1.2m | €1.2m | ▼ 1.0% |
| Equity10/15 | €384,473 | €793,510 | €477,524 | €420,919 | €368,927 | ▼ 12.4% |
| Contributions10/11 | - | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €360,393 | €360,393 | €360,393 | €360,393 | €349,927 | ▼ 2.9% |
| Non-distributable reserves130/1 | - | €1,900 | €1,900 | - | - | - |
| Reserves not available under the articles1311 | - | €1,900 | €1,900 | - | - | - |
| Tax-exempt reserves132 | - | €110,050 | €110,050 | €21,050 | €21,050 | = |
| Distributable reserves133 | - | €248,443 | €248,443 | €339,343 | €328,877 | ▼ 3.1% |
| Profit (loss) carried forward14 | €5,080 | €414,117 | €98,131 | €41,527 | - | - |
| Amounts payable17/49 | €772,932 | €498,510 | €750,660 | €790,103 | €830,037 | ▲ 5.1% |
| Amounts payable after more than one year17 | €55,094 | €41,329 | €27,564 | €9,520 | - | - |
| Financial debts170/4 | - | €41,329 | €27,564 | €9,520 | - | - |
| Amounts payable within one year42/48 | €716,238 | €455,580 | €723,096 | €780,583 | €830,037 | ▲ 6.3% |
| Current portion of amounts payable after more than one year42 | - | €13,765 | €13,765 | €14,277 | €9,520 | ▼ 33.3% |
| Trade debts44 | €2,245 | €12,580 | €4,942 | €5,326 | €9,022 | ▲ 69.4% |
| Suppliers440/4 | - | €12,580 | €4,942 | €5,326 | €9,022 | ▲ 69.4% |
| Taxes, remuneration and social security45 | - | €18,123 | €5,085 | €257 | €558 | ▲ 117% |
| Taxes450/3 | - | €18,123 | €5,085 | €257 | €558 | ▲ 117% |
| Other amounts payable47/48 | - | €411,112 | €699,303 | €760,723 | €810,936 | ▲ 6.6% |
| Accrued charges and deferred income492/3 | - | €1,600 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,807 | €409,037 | -€315,985 | -€56,605 | -€51,993 | ▲ 8.1% |
| + Depreciation and write-downs630 | €32,443 | €35,433 | €34,224 | €44,709 | €35,528 | ▼ 20.5% |
| Operating cash flow (approximation) | €92,250 | €444,470 | -€281,761 | -€11,896 | -€16,465 | ▼ 38.4% |
| Investment in fixed assets (approximation) | - | -€10,962 | -€4,928 | - | -€13,465 | - |
| Change in cash | - | -€29,218 | -€2,433 | - | -€5,351 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
17-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
20-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 81 days late
2022
31-12
Financial
Weakest financial yearnet -€315,985
Net result drops to -€315,985, the lowest in the series; recovery starts the following year.
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 79 days late
2021
31-12
Financial
Highest result since 2018net €409,037 ▲584%
Operating result €415,266, net result €409,037, both a record.
31-12
Financial
Equity above €500,000Eq €793,510 ▲106%
4 profitable years in a row build equity to €793,510.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
2019
07-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 99 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 60 days late
2017
04-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 126 days late
2016
13-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 74 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Lichtervelde · 1 establishment unit since 2004
Ground area
1,685 m²
Building footprint
335 m²
Volume, LiDAR
1,558 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
GEMIMAR
since 20042.137.365.405
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36011F0753/00B000 | Flanders | 1,055 m² | 1 · 171 m² | 8.7 m · 2 fl. |
| 36011F0754/00G000 | Flanders | 631 m² | 1 · 164 m² | 6.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 36,901 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-05-2004
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0865493485
Also
9925:BE0865493485
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.