Summary
Gemme is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €281,350 and a net result of €84,787. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 9,714 sector peers (NACE 64, financial year 2025). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€281,350▼ 4.1%
2024 · €293,476
Net result
€84,787▼ 26.7%
2024 · €115,706
Total assets
€864,126▼ 8.0%
2024 · €939,431
Solvency
32.6%▲ 1.3pp
2024 · 31.2%
Trend over the years
2020 to 2025, 5 financial years 2019 to 2025, 6 financial years
The operating result falls in 2025; 2025 is 10% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€134,050
2025
Net result€84,787
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€864,126
2025
Equity€281,350
2025
Debt€582,776
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€107,186
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)9.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency32.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.89
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220242025
Operating result-€76,206--€48,720▲ 36.1%-€67,748▼ 39.1%€59,185€148,572-€134,050▼ 9.8%
Net result-€101,720--€57,621below the sector's middle half▲ 43.4%-€78,428below the sector's middle half▼ 36.1%€50,498within the sector's middle half€115,706above the sector's middle half-€84,787above the sector's middle half▼ 26.7%
Equity€153,581-€95,960within the sector's middle half▼ 37.5%€17,533below the sector's middle half▼ 81.7%€68,031within the sector's middle half▲ 288%€293,476within the sector's middle half-€281,350within the sector's middle half▼ 4.1%
Total assets€912,060-€651,571within the sector's middle half▼ 28.6%€660,673within the sector's middle half▲ 1.4%€657,013within the sector's middle half▼ 0.6%€939,431above the sector's middle half-€864,126above the sector's middle half▼ 8.0%
Debt€758,479-€555,611▼ 26.7%€643,141▲ 15.8%€588,982▼ 8.4%€645,955-€582,776▼ 9.8%
Working capital€83,293-€57,082within the sector's middle half▼ 31.5%-€24,854within the sector's middle half€2,442within the sector's middle half€149,485within the sector's middle half-€107,186within the sector's middle half▼ 28.3%
Solvency16.8%-14.7%below the sector's middle half▼ 2.1pp2.7%below the sector's middle half▼ 12.1pp10.4%below the sector's middle half▲ 7.7pp31.2%within the sector's middle half-32.6%within the sector's middle half▲ 1.3pp
Current ratio1.72-1.78within the sector's middle half▲ 0.050.64below the sector's middle half▼ 1.141.03within the sector's middle half▲ 0.392.36within the sector's middle half-1.89within the sector's middle half▼ 0.47
Return on assets (ROA)-11.2%--8.8%below the sector's middle half▲ 2.3pp-11.9%below the sector's middle half▼ 3.0pp7.7%within the sector's middle half▲ 19.6pp12.3%within the sector's middle half-9.8%within the sector's middle half▼ 2.5pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €864,126
Fixed assets
€636,639 ▼ 6.4%
Current assets
€227,487 ▼ 12.4%
Equity and liabilities €864,126
Equity
€281,350 ▼ 4.1%
Debt
€582,776 ▼ 9.8%
Debt's share of the balance-sheet total falls from 68.8% to 67.4%. Equity and debt are lower.
Key figures and ratios
ROE
30.1%▼
2024 · 39.4%
Debt ≤ 1 year
€120,301▲
2024 · €110,108
Debt > 1 year
€462,476▼
2024 · €535,847
Income taxes
€36,188▲
2024 · €24,690
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,845 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,864 | €44,470 | €51,767 | €39,182 | €58,325 | €47,872 | ▼ 17.9% |
| Other operating charges640/8 | - | - | €32,247 | €2,838 | €7,409 | €6,636 | ▼ 10.4% |
| Gross operating margin9900 | -€7,134 | €4,011 | €16,266 | €101,204 | €214,306 | €188,559 | ▼ 12.0% |
| Operating profit (loss)9901 | -€76,206 | -€48,720 | -€67,748 | €59,185 | €148,572 | €134,050 | ▼ 9.8% |
| Financial income75/76B | - | - | €656 | - | €1,829 | €2,714 | ▲ 48.4% |
| Recurring financial income75 | €1,580 | €1,570 | €656 | - | €1,829 | €2,714 | ▲ 48.4% |
| Financial charges65/66B | - | - | €11,219 | €8,567 | €10,005 | €15,789 | ▲ 57.8% |
| Recurring financial charges65 | €13,653 | €10,421 | €11,219 | €8,567 | €10,005 | €15,789 | ▲ 57.8% |
| Profit (loss) for the period before taxes9903 | -€88,278 | -€57,571 | -€78,311 | €50,617 | €140,396 | €120,975 | ▼ 13.8% |
| Income taxes67/77 | €13,442 | €50 | €117 | €119 | €24,690 | €36,188 | ▲ 46.6% |
| Profit (loss) for the period9904 | -€101,720 | -€57,621 | -€78,428 | €50,498 | €115,706 | €84,787 | ▼ 26.7% |
| Profit (loss) for the period to be appropriated9905 | -€101,720 | -€57,621 | -€78,428 | €50,498 | €115,706 | €84,787 | ▼ 26.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €912,060 | €651,571 | €660,673 | €657,013 | €939,431 | €864,126 | ▼ 8.0% |
| Fixed assets21/28 | €713,731 | €521,008 | €616,449 | €579,286 | €679,838 | €636,639 | ▼ 6.4% |
| Tangible fixed assets22/27 | €713,509 | €521,008 | €616,449 | €579,286 | €679,838 | €636,639 | ▼ 6.4% |
| Land and buildings22 | - | - | €572,571 | €550,433 | €653,120 | €613,469 | ▼ 6.1% |
| Plant, machinery and equipment23 | - | - | €39,859 | €28,853 | €24,194 | €21,315 | ▼ 11.9% |
| Furniture and vehicles24 | - | - | €4,018 | - | €2,524 | €1,855 | ▼ 26.5% |
| Financial fixed assets28 | €222 | - | - | - | - | - | - |
| Current assets29/58 | €198,329 | €130,563 | €44,225 | €77,727 | €259,593 | €227,487 | ▼ 12.4% |
| Amounts receivable after more than one year29 | - | - | €6,000 | - | €23,000 | €23,000 | = |
| Other amounts receivable291 | - | - | €6,000 | - | €23,000 | €23,000 | = |
| Amounts receivable within one year40/41 | €31,644 | €11,654 | €8,521 | - | €77,475 | €54,653 | ▼ 29.5% |
| Trade receivables40 | - | - | €7,865 | - | €45,200 | €15,000 | ▼ 66.8% |
| Other amounts receivable41 | - | - | €656 | - | €32,275 | €39,653 | ▲ 22.9% |
| Cash at bank and in hand54/58 | €125,029 | €69,009 | €29,704 | €76,227 | €159,118 | €149,833 | ▼ 5.8% |
| Deferred charges and accrued income490/1 | - | - | - | €1,500 | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €912,060 | €651,571 | €660,673 | €657,013 | €939,431 | €864,126 | ▼ 8.0% |
| Equity10/15 | €153,581 | €95,960 | €17,533 | €68,031 | €293,476 | €281,350 | ▼ 4.1% |
| Contributions10/11 | €75,000 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €104,413 | €104,413 | €104,413 | €104,413 | €218,476 | €206,350 | ▼ 5.6% |
| Non-distributable reserves130/1 | - | - | €7,500 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €7,500 | - | - | - | - |
| Distributable reserves133 | - | - | €96,913 | €104,413 | €218,476 | €206,350 | ▼ 5.6% |
| Profit (loss) carried forward14 | -€25,832 | -€83,453 | -€161,881 | -€111,382 | - | - | - |
| Amounts payable17/49 | €758,479 | €555,611 | €643,141 | €588,982 | €645,955 | €582,776 | ▼ 9.8% |
| Amounts payable after more than one year17 | €643,443 | €482,130 | €574,062 | €513,698 | €535,847 | €462,476 | ▼ 13.7% |
| Financial debts170/4 | - | - | €574,062 | €513,698 | €535,847 | €462,476 | ▼ 13.7% |
| Amounts payable within one year42/48 | €115,036 | €73,481 | €69,079 | €75,285 | €110,108 | €120,301 | ▲ 9.3% |
| Current portion of amounts payable after more than one year42 | - | - | €59,525 | €60,364 | €74,893 | €74,213 | ▼ 0.9% |
| Trade debts44 | €42,267 | €11,436 | €4,735 | €3,353 | €2,877 | €2,481 | ▼ 13.8% |
| Suppliers440/4 | - | - | €4,735 | €3,353 | €2,877 | €2,481 | ▼ 13.8% |
| Taxes, remuneration and social security45 | - | - | €3,579 | €5,022 | €31,498 | €42,767 | ▲ 35.8% |
| Taxes450/3 | - | - | €3,579 | €5,022 | €31,498 | €42,767 | ▲ 35.8% |
| Other amounts payable47/48 | - | - | €1,241 | €6,546 | €840 | €840 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€101,720 | -€57,621 | -€78,428 | €50,498 | €115,706 | €84,787 | ▼ 26.7% |
| + Depreciation and write-downs630 | €51,864 | €44,470 | €51,767 | €39,182 | €58,325 | €47,872 | ▼ 17.9% |
| Operating cash flow (approximation) | -€49,856 | -€13,151 | -€26,661 | €89,680 | €174,031 | €132,659 | ▼ 23.8% |
| Investment in fixed assets (approximation) | - | €148,252 | -€147,207 | -€2,019 | - | -€4,674 | - |
| Change in cash | - | -€56,020 | -€39,305 | €46,523 | - | -€9,284 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 30-03-2026 | 2026-00068605 |
| 30-09-2024 | micro format | 04-04-2025 | 2025-00064144 |
| 30-09-2022 | micro format | 05-04-2023 | 2023-00054271 |
| 30-09-2021 | micro format | 04-04-2022 | 2022-20000638 |
| 30-09-2020 | micro format | 29-03-2021 | 2021-08900037 |
| 30-09-2019 | abbreviated format | 31-03-2020 | 2020-08200148 |
| 30-09-2018 | micro format | 23-05-2019 | 2019-14200043 |
| 30-09-2017 | abbreviated format | 04-04-2018 | 2018-09000414 |
| 30-09-2016 | abbreviated format | 09-06-2017 | 2017-16500272 |
| 30-09-2015 | abbreviated format | 06-04-2016 | 2016-09600161 |
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Of the 24,457 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,961. 13,865 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.