GEMINIT
ActiveSummary
GEMINIT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €958,013 and a net result of -€7,017. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 93% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▼-18
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 43.82 against 66.91 in 2024; short-term debt: 2.3% and cash: 25.1% of total assets), and 6% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94%
Return on assets
-0.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
26 d late
2023
28 d late
2022
43 d late
2021
26 d late
2020
30 d late
2019
31 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 31 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#10 company by equity in Ypres, Telecoms and IT sector
Equity
€958,013▼ 0.7%
2024 · €965,030
Total assets
€1.0m▼ 6.0%
2024 · €1.1m
Net result
-€7,017▼ 58.2%
2024 · -€4,436
Working capital
€992,214▼ 5.7%
2024 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€96,058▼ 25.9%€133,460▲ 38.9%€84,963▼ 36.3%-€34,927-€23,512▲ 32.7%
Net result€62,393▼ 34.7%€72,209▲ 15.7%€73,254▲ 1.4%-€4,436-€7,017▼ 58.2%
Equity€1.1m▲ 5.9%€1.0m▼ 5.0%€1.1m▲ 7.1%€965,030▼ 12.8%€958,013▼ 0.7%
Total assets€1.2m▲ 1.0%€1.2m▲ 1.1%€1.3m▲ 5.2%€1.1m▼ 16.0%€1.0m▼ 6.0%
Debt€125,487▼ 28.0%€192,825▲ 53.7%€183,547▼ 4.8%€119,290▼ 35.0%€61,399▼ 48.5%
Working capital€1.2m▲ 1.4%€1.0m▼ 11.0%€1.3m▲ 20.1%€1.1m▼ 16.2%€992,214▼ 5.7%
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 €23,512 in 2025 against €34,927 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€4,029 ▼ 75.8%
Current assets
€1.0m ▼ 4.9%
Equity and liabilities €1.0m
Equity
€958,013 ▼ 0.7%
Debt
€61,399 ▼ 48.5%
Debt's share of the balance-sheet total falls from 11.0% to 6.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€21,601▲
2024 · -€29,248
Cash flow
-€5,105▼
2024 · €1,243
Current ratio
43.82▼
2024 · 66.91
Debt to equity
0.06▼
2024 · 0.12
ROE
-0.7%▼
2024 · -0.5%
ROA
-0.7%▼
2024 · -0.4%
Interest coverage
-3.85▼
2024 · 6.71
Debt ≤ 1 year
€23,169▲
2024 · €15,957
Income taxes
€7,472▲
2024 · €6,615
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €181 | €0 | - | €3,500 | €5,144 | ▲ 47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,589 | €5,607 | €5,909 | €5,679 | €1,911 | ▼ 66.3% |
| Other operating charges640/8 | €1,710 | €2,223 | €1,929 | €1,971 | €1,459 | ▼ 26.0% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €105,356 | €141,290 | €92,802 | -€27,277 | -€20,142 | ▲ 26.2% |
| Operating profit (loss)9901 | €96,058 | €133,460 | €84,963 | -€34,927 | -€23,512 | ▲ 32.7% |
| Financial income75/76B | €983 | €3,736 | €3,992 | €32,750 | €29,580 | ▼ 9.7% |
| Recurring financial income75 | €983 | €3,736 | €3,992 | €32,750 | €27,279 | ▼ 16.7% |
| Non-recurring financial income76B | - | - | - | - | €2,301 | - |
| Financial charges65/66B | €2,109 | €25,187 | -€12,349 | -€4,356 | €5,613 | ▲ 229% |
| Recurring financial charges65 | €2,109 | €25,187 | -€12,349 | -€4,356 | €5,613 | ▲ 229% |
| Profit (loss) for the period before taxes9903 | €94,931 | €112,009 | €101,305 | €2,179 | €455 | ▼ 79.1% |
| Income taxes67/77 | €32,538 | €39,800 | €28,051 | €6,615 | €7,472 | ▲ 13.0% |
| Profit (loss) for the period9904 | €62,393 | €72,209 | €73,254 | -€4,436 | -€7,017 | ▼ 58.2% |
| Transfer from tax-exempt reserves789 | €58,823 | €76,002 | €30,798 | €67,361 | €80,587 | ▲ 19.6% |
| Transfer to tax-exempt reserves689 | €4,210 | €63,150 | €63,150 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €117,005 | €85,061 | €40,901 | €62,925 | €73,570 | ▲ 16.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.3m | €1.1m | €1.0m | ▼ 6.0% |
| Fixed assets21/28 | €21,379 | €22,140 | €19,825 | €16,681 | €4,029 | ▼ 75.8% |
| Tangible fixed assets22/27 | €21,379 | €22,140 | €19,825 | €16,681 | €4,029 | ▼ 75.8% |
| Land and buildings22 | €14,549 | €12,198 | €13,269 | €10,559 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €2,937 | €1,802 | €782 | €173 | €0 | ▼ 100% |
| Furniture and vehicles24 | €3,892 | €8,140 | €5,774 | €5,949 | €4,029 | ▼ 32.3% |
| Current assets29/58 | €1.2m | €1.2m | €1.3m | €1.1m | €1.0m | ▼ 4.9% |
| Amounts receivable within one year40/41 | €19,845 | €23,448 | €26,433 | €38,107 | €40,343 | ▲ 5.9% |
| Trade receivables40 | €18,656 | €18,744 | €4,879 | €3,910 | €8,380 | ▲ 114% |
| Other amounts receivable41 | €1,189 | €4,704 | €21,554 | €34,197 | €31,963 | ▼ 6.5% |
| Current investments50/53 | €497,648 | €572,346 | €585,161 | €666,607 | €682,697 | ▲ 2.4% |
| Cash at bank and in hand54/58 | €590,632 | €574,996 | €513,426 | €269,682 | €256,179 | ▼ 5.0% |
| Deferred charges and accrued income490/1 | €83,510 | €33,368 | €145,431 | €93,244 | €36,164 | ▼ 61.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.3m | €1.1m | €1.0m | ▼ 6.0% |
| Equity10/15 | €1.1m | €1.0m | €1.1m | €965,030 | €958,013 | ▼ 0.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1.1m | €1.0m | €1.1m | €958,830 | €951,813 | ▼ 0.7% |
| Non-distributable reserves130/1 | €13,920 | €13,920 | €13,920 | €13,920 | €13,920 | = |
| Reserves not available under the articles1311 | €13,920 | €13,920 | €13,920 | €13,920 | €13,920 | = |
| Tax-exempt reserves132 | €174,161 | €161,309 | €193,661 | €126,300 | €45,713 | ▼ 63.8% |
| Distributable reserves133 | €893,246 | €852,046 | €892,947 | €818,610 | €892,180 | ▲ 9.0% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €125,487 | €192,825 | €183,547 | €119,290 | €61,399 | ▼ 48.5% |
| Amounts payable within one year42/48 | €17,735 | €159,652 | €16,012 | €15,957 | €23,169 | ▲ 45.2% |
| Trade debts44 | €2,287 | €6,421 | €5,369 | €6,369 | €6,015 | ▼ 5.6% |
| Suppliers440/4 | €2,287 | €6,421 | €5,369 | €6,369 | €6,015 | ▼ 5.6% |
| Taxes, remuneration and social security45 | €12,203 | €30,368 | €8,115 | €6,981 | €14,353 | ▲ 106% |
| Taxes450/3 | €12,203 | €30,368 | €8,115 | €6,353 | €13,873 | ▲ 118% |
| Remuneration and social security454/9 | - | - | - | €628 | €480 | ▼ 23.6% |
| Other amounts payable47/48 | €3,245 | €122,863 | €2,528 | €2,606 | €2,801 | ▲ 7.5% |
| Accrued charges and deferred income492/3 | €107,752 | €33,172 | €167,535 | €103,334 | €38,230 | ▼ 63.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62,393 | €72,209 | €73,254 | -€4,436 | -€7,017 | ▼ 58.2% |
| + Depreciation and write-downs630 | €7,589 | €5,607 | €5,909 | €5,679 | €1,911 | ▼ 66.3% |
| Operating cash flow (approximation) | €69,981 | €77,816 | €79,163 | €1,243 | -€5,105 | ▼ 511% |
| Investment in fixed assets (approximation) | - | -€6,369 | -€3,594 | -€2,535 | €10,740 | ▲ 524% |
| Change in cash | - | -€15,636 | -€61,571 | -€243,744 | -€13,502 | ▲ 94.5% |
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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€7,017
Net result drops to -€7,017, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Liquidity times 11current ratio 79.34
Current ratio from 7.54 to 79.34; short-term debt falls from €159,652 to €16,012.
12-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 43 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Liquidity times 12current ratio 80.26
Current ratio from 6.78 to 80.26; short-term debt falls from €187,533 to €14,608.
31-12
Financial
Equity above €1mEq €1.0m ▲10.1%
3 profitable years in a row build equity to €1.0m.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Ieper · 1 establishment unit since 2009
Ground area
1,573 m²
Building footprint
78 m²
Volume, LiDAR
433 m³
Parcel 33306B0105/00V006, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GEMINIT
since 20092.183.242.742
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33306B0105/00V006 | Flanders | 1,573 m² | 1 · 78 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SUMIKA Information Technology
BE 0456.652.541
Leuven · Eq €958,434
Nynox
BE 1011.009.224
Kontich · Eq €956,745
Prodware Belgium
BE 0455.467.062
Mont-Saint-Guibert · Eq €956,692
DREAM IT CONSULTING
BE 0822.841.003
Brussel · Eq €955,612
OPAL SOLUTIONS
BE 0645.890.039
Mont-Saint-Guibert · Eq €960,835
Of 30,007 companies in sector 62200 we hold annual accounts for 18,394. 8,756 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 (pre-2019)
Founded26-11-2009
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.