GEMIVER
ActiveSummary
The computed 12-month bankruptcy probability of GEMIVER is 1.5% (moderate). The 2024 annual accounts show equity of €24,020 and a net result of -€7,978. Equity is growing by ~3.3% per year across the filed fiscal years. The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability41▼-3
Solvency52▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.31 against 1.21 in 2023; short-term debt: 58% and cash: 2.4% of total assets), and 73.4% 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
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
26.6%
Return on assets
-8.8%
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€7,978
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-06-2025, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
47 d early
2023
35 d early
2022
54 d early
2021
57 d early
2020
55 d early
2019
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 50 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€24,020▼ 3.9%
2023 · €24,998
Total assets
€90,153▼ 13.2%
2023 · €103,848
Net result
-€7,978▼ 96.1%
2023 · -€4,069
Working capital
€16,191▲ 33.4%
2023 · €12,134
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
Line20202021202220232024
Operating result€151▼ 98.3%€92▼ 39.2%€8,194▲ 8,796%-€4,795-€4,708▲ 1.8%
Net result€538▼ 94.7%€594▲ 10.3%€5,771▲ 872%-€4,069-€7,978▼ 96.1%
Equity€22,703▲ 2.4%€23,297▲ 2.6%€29,068▲ 24.8%€24,998▼ 14.0%€24,020▼ 3.9%
Total assets€59,410▲ 68.9%€51,403▼ 13.5%€52,039▲ 1.2%€103,848▲ 99.6%€90,153▼ 13.2%
Debt€36,706▲ 182%€28,106▼ 23.4%€22,971▼ 18.3%€78,849▲ 243%€66,132▼ 16.1%
Working capital€20,809▼ 30.4%€18,548▼ 10.9%€21,398▲ 15.4%€12,134▼ 43.3%€16,191▲ 33.4%
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 €4,708 in 2024 against €4,795 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €90,153
Fixed assets
€21,701 ▼ 34.3%
Current assets
€68,451 ▼ 3.3%
Equity and liabilities €90,153
Equity
€24,020 ▼ 3.9%
Debt
€66,132 ▼ 16.1%
Debt's share of the balance-sheet total falls from 75.9% to 73.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6,634▲
2023 · €3,196
Cash flow
€3,364▼
2023 · €3,922
Current ratio
1.31▲
2023 · 1.21
Quick ratio
0.07▼
2023 · 0.26
Debt to equity
2.75▼
2023 · 3.15
ROE
-33.2%▼
2023 · -16.3%
ROA
-8.8%▼
2023 · -3.9%
Interest coverage
4.00▲
2023 · 3.67
Debt ≤ 1 year
€52,260▼
2023 · €58,670
Debt > 1 year
€13,872▼
2023 · €20,179
Income taxes
€1,656
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,166 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.2%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 2,166 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 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,229 | €6,741 | €6,337 | €7,991 | €11,342 | ▲ 41.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €61 | - | - | - | - |
| Other operating charges640/8 | - | €221 | €376 | €1,102 | €1,296 | ▲ 17.6% |
| Gross operating margin9900 | €8,977 | €7,114 | €14,907 | €4,299 | €7,930 | ▲ 84.5% |
| Operating profit (loss)9901 | €151 | €92 | €8,194 | -€4,795 | -€4,708 | ▲ 1.8% |
| Financial income75/76B | - | €1,942 | - | €18 | €45 | ▲ 154% |
| Recurring financial income75 | €1,703 | €1,942 | - | €18 | €45 | ▲ 154% |
| Financial charges65/66B | - | €1,052 | €785 | €872 | €1,659 | ▲ 90.3% |
| Recurring financial charges65 | €1,316 | €1,052 | €785 | €872 | €1,659 | ▲ 90.3% |
| Profit (loss) for the period before taxes9903 | €538 | €982 | €7,409 | -€5,649 | -€6,323 | ▼ 11.9% |
| Transfer from deferred taxes780 | - | - | - | €1,580 | - | - |
| Income taxes67/77 | - | €388 | €1,638 | - | €1,656 | - |
| Profit (loss) for the period9904 | €538 | €594 | €5,771 | -€4,069 | -€7,978 | ▼ 96.1% |
| Profit (loss) for the period to be appropriated9905 | €538 | €594 | €5,771 | -€4,069 | -€7,978 | ▼ 96.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,410 | €51,403 | €52,039 | €103,848 | €90,153 | ▼ 13.2% |
| Fixed assets21/28 | €28,264 | €21,523 | €15,186 | €33,043 | €21,701 | ▼ 34.3% |
| Tangible fixed assets22/27 | €28,264 | €21,523 | €15,186 | €33,043 | €21,701 | ▼ 34.3% |
| Land and buildings22 | - | €1,001 | €697 | €17,491 | €13,709 | ▼ 21.6% |
| Plant, machinery and equipment23 | - | €0 | €0 | €5,716 | €4,485 | ▼ 21.5% |
| Furniture and vehicles24 | - | €20,522 | €14,489 | €9,837 | €3,507 | ▼ 64.4% |
| Current assets29/58 | €31,146 | €29,880 | €36,853 | €70,805 | €68,451 | ▼ 3.3% |
| Stocks and contracts in progress3 | - | - | - | €55,800 | €64,903 | ▲ 16.3% |
| Stocks30/36 | - | - | - | €55,800 | €64,903 | ▲ 16.3% |
| Amounts receivable within one year40/41 | €23,919 | €23,422 | €35,291 | €12,675 | €1,390 | ▼ 89.0% |
| Trade receivables40 | - | €23,422 | €35,291 | €12,675 | €1,390 | ▼ 89.0% |
| Cash at bank and in hand54/58 | €4,111 | €1,755 | €855 | €1,976 | €2,159 | ▲ 9.2% |
| Deferred charges and accrued income490/1 | - | €4,703 | €707 | €353 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,410 | €51,403 | €52,039 | €103,848 | €90,153 | ▼ 13.2% |
| Equity10/15 | €22,703 | €23,297 | €29,068 | €24,998 | €24,020 | ▼ 3.9% |
| Contributions10/11 | - | €19,069 | €19,069 | €19,069 | €19,069 | = |
| Reserves13 | €469 | - | - | - | - | - |
| Profit (loss) carried forward14 | €3,634 | €4,228 | €9,998 | €5,929 | €4,951 | ▼ 16.5% |
| Amounts payable17/49 | €36,706 | €28,106 | €22,971 | €78,849 | €66,132 | ▼ 16.1% |
| Amounts payable after more than one year17 | €26,370 | €16,774 | €7,516 | €20,179 | €13,872 | ▼ 31.3% |
| Financial debts170/4 | - | €16,774 | €7,516 | €20,179 | €13,872 | ▼ 31.3% |
| Amounts payable within one year42/48 | €10,337 | €11,332 | €15,455 | €58,670 | €52,260 | ▼ 10.9% |
| Current portion of amounts payable after more than one year42 | - | €9,596 | €9,258 | €10,964 | €6,307 | ▼ 42.5% |
| Trade debts44 | €108 | €781 | €1,151 | €8,636 | €9,798 | ▲ 13.5% |
| Suppliers440/4 | - | €781 | €1,151 | €8,636 | €9,798 | ▲ 13.5% |
| Taxes, remuneration and social security45 | - | €955 | €3,308 | €1,658 | €4,091 | ▲ 147% |
| Taxes450/3 | - | €955 | €3,308 | €1,658 | €4,091 | ▲ 147% |
| Other amounts payable47/48 | - | - | €1,738 | €37,413 | €32,065 | ▼ 14.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €538 | €594 | €5,771 | -€4,069 | -€7,978 | ▼ 96.1% |
| + Depreciation and write-downs630 | €4,229 | €6,741 | €6,337 | €7,991 | €11,342 | ▲ 41.9% |
| Operating cash flow (approximation) | €4,767 | €7,334 | €12,108 | €3,922 | €3,364 | ▼ 14.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€25,848 | €0 | ▲ 100% |
| Change in cash | - | -€2,356 | -€899 | €1,121 | €182 | ▼ 83.7% |
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
2025
14-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€7,978
Net result drops to -€7,978, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €10,076
Net result €10,076 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 7.70
Current ratio from 2.96 to 7.70; short-term debt falls from €12,044 to €4,464.
10-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
18-06
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.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Sint-Truiden · 1 establishment unit since 2023
Ground area
820 m²
Building footprint
236 m²
Volume, LiDAR
1,657 m³
Parcel 71064A0935/00Y007, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Verelana
since 20232.199.733.534
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71064A0935/00Y007 | Flanders | 820 m² | 1 · 236 m² | 10.5 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded27-05-2011
Fiscal year end31-12
Activities, NACEBEL 2025
46411Wholesale trade
47400Retail sale of information and communication equipment
47711Retail sale of women's outerwear
47712Retail trade
47715Retail trade
47750Retail sale of cosmetics and toilet articles
47789Other retail sale of new goods
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0836587287
Also
9925:BE0836587287
Registered
06-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.