GEML

Active

Private limited companyfounded 20242 yrs activeEernegemsestraat 52, 8460 Oudenburg, BelgiumKBO/BCE: BE 1010.323.888

Summary

The computed 12-month bankruptcy probability of GEML is 5.2% (elevated). The 2025 annual accounts show equity of €11,067 and a net result of €8,567. Its solvency ranks better than 18% of 5614 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

GEMLActiveChecked score 36/100

Risk analysis Report Compare

Activity

Freight transport by road

NACE 49410

1 site

Size

€259,030total assets 2025

Equity: €11,067
Profit: €8,567

Turnover not published (abridged schema)

Financial health

36 Weak Checked score 2025

Bankruptcy chance 12 m: 5.2%

Structure

Board: 1 member

Accounts filed 13 d late1 of 3 deeds read

Why 36- Founded in 2024- Sector Land transport and transport via pipelines (NACE 49)- 1 change of registered office in 24 months+ Figures for FY 2025 (filed 13-05-2026)Show the evidence

Checked score

Score 2025

36 / 100

Weak

Probability in this band: 4.2% to 15.0%

Better than 29% of its sector peers (NACE 49, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength

Weak

Solvency 29

equity 4.3% of total assets

Liquidity 41

short-term debt 38.5% · cash 6.7%

Profitability 58

return on assets 3.3%

Bankruptcy probability, 12 months

5.2% Elevated

0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (9,058 companies)

Last 24 months 07-2025: 6.5% 08-2025: 6.6%▲ +2.0% vs 07-2025 09-2025: 6.7%▲ +1.5% vs 08-2025 10-2025: 7.1%▲ +5.0% vs 09-2025 11-2025: 7.1%▲ +0.3% vs 10-2025 12-2025: 7.6%▲ +7.4% vs 11-2025 01-2026: 7.9%▲ +3.7% vs 12-2025 02-2026: 7.9%● 0.0% vs 01-2026 03-2026: 7.7%▼ -2.4% vs 02-2026 04-2026: 7.7%● 0.0% vs 03-2026 05-2026: 8.1%▲ +5.2% vs 04-2026 06-2026: 8.5%▲ +4.4% vs 05-2026highest value 07-2026: 8.5%● 0.0% vs 06-2026highest value 08-2026: 8.5%● 0.0% vs 07-2026highest value 09-2026: 8.5%● 0.0% vs 08-2026highest value 10-2026: 5.2%▼ -38.3% vs 09-2026lowest value

Founded in 2024 raises the probability for this profile
Sector Land transport and transport via pipelines (NACE 49) raises the probability
Figures for FY 2025 (filed 13-05-2026) lowers the probability
1 change of registered office in 24 months raises the probability

No publishable credit limit; credit only on tighter terms

Liquidity short (current ratio 0.48; short-term debt: 38.5% and cash: 6.7% of total assets), and 95.7% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 49, micro). Better than this share of them on solvency 17%, liquidity 39%, profitability 31%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Founded in 2024

In the bankruptcy model this factor raises the probability for this profile.

KBO

Sector Land transport and transport via pipelines (NACE 49)

In the bankruptcy model this factor raises the probability.

KBO

Figures for FY 2025 (filed 13-05-2026)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

1 change of registered office in 24 months

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 5614 sector peers (2025).

NBB · sector comparison

Position among 5614 sector peers

Solvency

better than 18%

← weakest strongest →

Filed after the deadline

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-05-2026, 13 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 · 1 filing

Deviation from the deadline

2025

13 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

11-08-26 Appointment: Roben Messelis (non-statutory director)State Gazette act
13-05-26 Annual accounts filedfiscal year 2025 · micro…

Key points

Caution: Among the weakest 19% on solvencysector median 38.6% · 5,614 companies 4.3% View
New directorlatest change 01-04-2026 · 1 in office 1 joined View
Total assets 2025first fiscal year filed €259,030 View