GemLab Antwerp

Active

Private limited companyfounded 20242 yrs activeMaria-Theresialei 23, 2018 Antwerpen, BelgiumKBO/BCE: BE 1006.255.135

Summary

The computed 12-month bankruptcy probability of GemLab Antwerp is 4.4% (elevated). The 2025 annual accounts show negative equity (-€37,005) and a net result of -€37,005. Its solvency ranks better than 5% of 21069 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

GemLab AntwerpActiveChecked score 46/100

Risk analysis Report Compare

Activity

Retail sale of watches and jewellery

NACE 47770

1 site

Size

€13,509total assets 2025

Equity: -€37,005
Loss: -€37,005

Turnover not published (abridged schema)

Financial health

46 Fair Checked score 2025

Bankruptcy chance 12 m: 4.4%

Structure

Accounts filed 13 d late1 of 2 deeds read

Why 46- 1 change of registered office in 24 months- Founded in 2024- Negative equity -€37,005+ Size: total assets €13,509Show the evidence

Checked score

Score 2025

46 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 8% of its sector peers (NACE 47, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength

Weak

Solvency 0

equity -273.9% of total assets

Liquidity 9

short-term debt 363.0% · cash 7.5%

Profitability 0

return on assets -273.9%

Bankruptcy probability, 12 months

4.4% Elevated

0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (39,919 companies)

Last 24 months 03-2025: 1.8%lowest value 04-2025: 1.8%● 0.0% vs 03-2025lowest value 05-2025: 1.9%▲ +4.8% vs 04-2025 06-2025: 2.2%▲ +16.8% vs 05-2025 07-2025: 2.3%▲ +5.7% vs 06-2025 08-2025: 2.6%▲ +10.3% vs 07-2025 09-2025: 2.6%● 0.0% vs 08-2025 10-2025: 2.9%▲ +10.4% vs 09-2025 11-2025: 2.8%▼ -1.4% vs 10-2025 12-2025: 2.8%▼ -1.1% vs 11-2025 01-2026: 3.0%▲ +8.7% vs 12-2025 02-2026: 3.2%▲ +4.2% vs 01-2026 03-2026: 2.9%▼ -6.5% vs 02-2026 04-2026: 2.9%● 0.0% vs 03-2026 05-2026: 2.9%● 0.0% vs 04-2026 06-2026: 4.0%▲ +35.3% vs 05-2026 07-2026: 4.0%● 0.0% vs 06-2026 08-2026: 4.0%● 0.0% vs 07-2026 09-2026: 3.9%▼ -2.1% vs 08-2026 10-2026: 4.4%▲ +11.4% vs 09-2026highest value

1 change of registered office in 24 months raises the probability
Founded in 2024 raises the probability for this profile
Size: total assets €13,509 lowers the probability for this profile
Negative equity -€37,005 raises the probability

No credit on open account

Liquidity short (current ratio 0.04; short-term debt: 363% and cash: 7.5% of total assets), and equity is negative.

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 47, micro). Better than this share of them on solvency 6%, liquidity 10%, profitability 6%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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.

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Signals

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

−lowers risk+raises risk○neutral

1 change of registered office in 24 months

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

Founded in 2024

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

KBO

Size: total assets €13,509

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

NBB · annual accounts

Negative equity -€37,005

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-02-2026, 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

27-05-26 Registered officeRegistered-office move
13-02-26 Annual accounts filedfiscal year 2025 · micro…

Key points

Risk: Negative equityfiscal year 2025: debts exceed assets -€37,005 View
Caution: Among the weakest 5% on solvencysector median 34.1% · 21,069 companies -273.9% View
Total assets 2025first fiscal year filed €13,509 View