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 €958k and a net result of €-7k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 93% of 17090 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 €70k 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
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 →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€958k▼ 0.7%
2024 · €965k
2018: €946k
2019: €933k▼ -1.4% vs 2018lowest in 8 years
2020: €1.03M▲ +10.1% vs 2019
2021: €1.09M▲ +5.9% vs 2020
2022: €1.03M▼ -5.0% vs 2021
2023: €1.11M▲ +7.1% vs 2022highest in 8 years
2024: €965k▼ -12.8% vs 2023
2025: €958k▼ -0.7% vs 2024
2018 → 2025
Total assets
€1.02M▼ 6.0%
2024 · €1.08M
2018: €969klowest in 8 years
2019: €1.29M▲ +33.0% vs 2018
2020: €1.20M▼ -6.9% vs 2019
2021: €1.21M▲ +1.0% vs 2020
2022: €1.23M▲ +1.1% vs 2021
2023: €1.29M▲ +5.2% vs 2022highest in 8 years
2024: €1.08M▼ -16.0% vs 2023
2025: €1.02M▼ -6.0% vs 2024
2018 → 2025
Net result
€-7k▼ 58.2%
2024 · €-4k
2018: €135khighest in 8 years
2019: €110k▼ -18.2% vs 2018
2020: €96k▼ -13.2% vs 2019
2021: €62k▼ -34.7% vs 2020
2022: €72k▲ +15.7% vs 2021
2023: €73k▲ +1.4% vs 2022
2024: €-4k▼ -106% vs 2023
2025: €-7k▼ -58.2% vs 2024lowest in 8 years
2018 → 2025
Working capital
€992k▼ 5.7%
2024 · €1.05M
2018: €931klowest in 8 years
2019: €1.08M▲ +16.4% vs 2018
2020: €1.16M▲ +6.9% vs 2019
2021: €1.17M▲ +1.4% vs 2020
2022: €1.04M▼ -11.0% vs 2021
2023: €1.25M▲ +20.1% vs 2022highest in 8 years
2024: €1.05M▼ -16.2% vs 2023
2025: €992k▼ -5.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.09M-€1.03M▼ 5.0%€1.11M▲ 7.1%€965k▼ 12.8%€958k▼ 0.7%
2021: €1.09M
2022: €1.03M▼ -5.0% vs 2021
2023: €1.11M▲ +7.1% vs 2022highest in 5 years
2024: €965k▼ -12.8% vs 2023
2025: €958k▼ -0.7% vs 2024lowest in 5 years
Operating result€96k-€133k▲ 38.9%€85k▼ 36.3%€-35k€-24k▲ 32.7%
2021: €96k
2022: €133k▲ +38.9% vs 2021highest in 5 years
2023: €85k▼ -36.3% vs 2022
2024: €-35k▼ -141% vs 2023lowest in 5 years
2025: €-24k▲ +32.7% vs 2024
Net result€62k-€72k▲ 15.7%€73k▲ 1.4%€-4k€-7k▼ 58.2%
2021: €62k
2022: €72k▲ +15.7% vs 2021
2023: €73k▲ +1.4% vs 2022highest in 5 years
2024: €-4k▼ -106% vs 2023
2025: €-7k▼ -58.2% vs 2024lowest in 5 years
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 €24k in 2025 against €35k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€4k ▼ 75.8%
Current assets
€1.02M ▼ 4.9%
Equity and liabilities €1.02M
Equity
€958k ▼ 0.7%
Debt
€61k ▼ 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
€-22k▲
2024 · €-29k
Cash flow
€-5k▼
2024 · €1k
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
€23k▲
2024 · €16k
Income taxes
€7k▲
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.08M€1.02M▼
Fixed assets21/28€17k€4k▼
Tangible fixed assets22/27€17k€4k▼
Land and buildings22€11k€0▼
Plant, machinery and equipment23€173€0▼
Furniture and vehicles24€6k€4k▼
Current assets29/58€1.07M€1.02M▼
Amounts receivable within one year40/41€38k€40k▲
Trade receivables40€4k€8k▲
Other amounts receivable41€34k€32k▼
Current investments50/53€667k€683k▲
Cash at bank and in hand54/58€270k€256k▼
Deferred charges and accrued income490/1€93k€36k▼
Equity and liabilities
Total equity and liabilities10/49€1.08M€1.02M▼
Equity10/15€965k€958k▼
Contributions10/11€6k€6k=
Reserves13€959k€952k▼
Non-distributable reserves130/1€14k€14k=
Reserves not available under the articles1311€14k€14k=
Tax-exempt reserves132€126k€46k▼
Distributable reserves133€819k€892k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€119k€61k▼
Amounts payable within one year42/48€16k€23k▲
Trade debts44€6k€6k▼
Suppliers440/4€6k€6k▼
Taxes, remuneration and social security45€7k€14k▲
Taxes450/3€6k€14k▲
Remuneration and social security454/9€628€480▼
Other amounts payable47/48€3k€3k▲
Accrued charges and deferred income492/3€103k€38k▼
Income statement
Code20242025
Non-recurring operating income76A€4k€5k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€2k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€-27k€-20k▲
Operating profit (loss)9901€-35k€-24k▲
Financial income75/76B€33k€30k▼
Recurring financial income75€33k€27k▼
Non-recurring financial income76B-€2k
Financial charges65/66B€-4k€6k▲
Recurring financial charges65€-4k€6k▲
Profit (loss) for the period before taxes9903€2k€455▼
Income taxes67/77€7k€7k▲
Profit (loss) for the period9904€-4k€-7k▼
Transfer from tax-exempt reserves789€67k€81k▲
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€63k€74k▲
Appropriation of the result
Profit (loss) to be appropriated9906€63k€74k▲
Transfer from equity791/2€137k€0▼
Transfer to equity691/2€63k€74k▲
To other reserves6921€63k€74k▲
Profit to be distributed694/7€137k€0▼
Return on contributions (dividend)694€137k€0▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €181 | €0 | - | €4k | €5k | ▲ 47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €6k | €6k | €6k | €2k | ▼ 66.3% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €1k | ▼ 26.0% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €105k | €141k | €93k | €-27k | €-20k | ▲ 26.2% |
| Operating profit (loss)9901 | €96k | €133k | €85k | €-35k | €-24k | ▲ 32.7% |
| Financial income75/76B | €983 | €4k | €4k | €33k | €30k | ▼ 9.7% |
| Recurring financial income75 | €983 | €4k | €4k | €33k | €27k | ▼ 16.7% |
| Non-recurring financial income76B | - | - | - | - | €2k | - |
| Financial charges65/66B | €2k | €25k | €-12k | €-4k | €6k | ▲ 229% |
| Recurring financial charges65 | €2k | €25k | €-12k | €-4k | €6k | ▲ 229% |
| Profit (loss) for the period before taxes9903 | €95k | €112k | €101k | €2k | €455 | ▼ 79.1% |
| Income taxes67/77 | €33k | €40k | €28k | €7k | €7k | ▲ 13.0% |
| Profit (loss) for the period9904 | €62k | €72k | €73k | €-4k | €-7k | ▼ 58.2% |
| Transfer from tax-exempt reserves789 | €59k | €76k | €31k | €67k | €81k | ▲ 19.6% |
| Transfer to tax-exempt reserves689 | €4k | €63k | €63k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €117k | €85k | €41k | €63k | €74k | ▲ 16.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.21M | €1.23M | €1.29M | €1.08M | €1.02M | ▼ 6.0% |
| Fixed assets21/28 | €21k | €22k | €20k | €17k | €4k | ▼ 75.8% |
| Tangible fixed assets22/27 | €21k | €22k | €20k | €17k | €4k | ▼ 75.8% |
| Land and buildings22 | €15k | €12k | €13k | €11k | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €3k | €2k | €782 | €173 | €0 | ▼ 100% |
| Furniture and vehicles24 | €4k | €8k | €6k | €6k | €4k | ▼ 32.3% |
| Current assets29/58 | €1.19M | €1.20M | €1.27M | €1.07M | €1.02M | ▼ 4.9% |
| Amounts receivable within one year40/41 | €20k | €23k | €26k | €38k | €40k | ▲ 5.9% |
| Trade receivables40 | €19k | €19k | €5k | €4k | €8k | ▲ 114% |
| Other amounts receivable41 | €1k | €5k | €22k | €34k | €32k | ▼ 6.5% |
| Current investments50/53 | €498k | €572k | €585k | €667k | €683k | ▲ 2.4% |
| Cash at bank and in hand54/58 | €591k | €575k | €513k | €270k | €256k | ▼ 5.0% |
| Deferred charges and accrued income490/1 | €84k | €33k | €145k | €93k | €36k | ▼ 61.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.21M | €1.23M | €1.29M | €1.08M | €1.02M | ▼ 6.0% |
| Equity10/15 | €1.09M | €1.03M | €1.11M | €965k | €958k | ▼ 0.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €1.08M | €1.03M | €1.10M | €959k | €952k | ▼ 0.7% |
| Non-distributable reserves130/1 | €14k | €14k | €14k | €14k | €14k | = |
| Reserves not available under the articles1311 | €14k | €14k | €14k | €14k | €14k | = |
| Tax-exempt reserves132 | €174k | €161k | €194k | €126k | €46k | ▼ 63.8% |
| Distributable reserves133 | €893k | €852k | €893k | €819k | €892k | ▲ 9.0% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €125k | €193k | €184k | €119k | €61k | ▼ 48.5% |
| Amounts payable within one year42/48 | €18k | €160k | €16k | €16k | €23k | ▲ 45.2% |
| Trade debts44 | €2k | €6k | €5k | €6k | €6k | ▼ 5.6% |
| Suppliers440/4 | €2k | €6k | €5k | €6k | €6k | ▼ 5.6% |
| Taxes, remuneration and social security45 | €12k | €30k | €8k | €7k | €14k | ▲ 106% |
| Taxes450/3 | €12k | €30k | €8k | €6k | €14k | ▲ 118% |
| Remuneration and social security454/9 | - | - | - | €628 | €480 | ▼ 23.6% |
| Other amounts payable47/48 | €3k | €123k | €3k | €3k | €3k | ▲ 7.5% |
| Accrued charges and deferred income492/3 | €108k | €33k | €168k | €103k | €38k | ▼ 63.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62k | €72k | €73k | €-4k | €-7k | ▼ 58.2% |
| + Depreciation and write-downs630 | €8k | €6k | €6k | €6k | €2k | ▼ 66.3% |
| Operating cash flow (approximation) | €70k | €78k | €79k | €1k | €-5k | ▼ 511% |
| Investment in fixed assets (approximation) | - | €-6k | €-4k | €-3k | €11k | ▲ 524% |
| Change in cash | - | €-16k | €-62k | €-244k | €-14k | ▲ 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 €-7k
Net result drops to €-7k, 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 €160k to €16k.
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 €188k to €15k.
31-12
Financial
Equity above €1MEq €1.03M ▲10.1%
3 profitable years in a row build equity to €1.03M.
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.
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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.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 8,755 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.