GEMO
ActiveFor GEMO, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €3.88M and a net result of €-750k. Equity is shrinking by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 1565 sector peers (fiscal year 2021). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability0▼-4
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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 2021Solvency, return and age of the figures
Solvency
89.4%
Return on assets
-17.3%
Age of the figures
57 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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 04-02-2022, 177 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
177 d early
2020
120 d early
2019
4 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, abbreviated schema
Equity
€3.88M▼ 16.2%
2020 · €4.63M
2018: €10.80M
2019: €5.25M
2020: €4.63M
2018 → 2021
Total assets
€4.33M▼ 7.1%
2020 · €4.67M
2018: €10.83M
2019: €5.32M
2020: €4.67M
2018 → 2021
Net result
€-750k▼ 19.9%
2020 · €-625k
2018: €-471k
2019: €-698k
2020: €-625k
2018 → 2021
Working capital
€276k▼ 67.7%
2020 · €855k
2018: €6.69M
2019: €1.35M
2020: €855k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€10.80M-€5.25M▼ 51.4%€4.63M▼ 11.9%€3.88M▼ 16.2%
Operating result€-799k-€-700k▲ 12.4%€-631k▲ 9.8%€-750k▼ 18.8%
Net result€-471k-€-698k▼ 48.3%€-625k▲ 10.4%€-750k▼ 19.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €750k in 2021 against €631k in 2020; the loss grows.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €4.33M
Fixed assets
€3.60M▼ 4.5%
Current assets
€730k▼ 18.2%
Equity and liabilities €4.33M
Equity
€3.88M▼ 16.2%
Debt
€457k▲ 1,028%
The debt ratio rises from 0.9% to 10.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-482k▼
2020 · €-351k
Cash flow
€-483k▼
2020 · €-345k
Solvency
89.4%▼
2020 · 99.1%
Current ratio
1.61▼
2020 · 23.97
Quick ratio
0.15▼
2020 · 10.95
ROE
-19.3%▼
2020 · -13.5%
ROA
-17.3%▼
2020 · -13.4%
Debt
€457k▲
2020 · €41k
Debt ≤ 1 year
€454k▲
2020 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€4.67M€4.33M▼
Fixed assets21/28€3.77M€3.60M▼
Tangible fixed assets22/27€3.77M€3.60M▼
Current assets29/58€893k€730k▼
Stocks and contracts in progress3€485k€661k▲
Amounts receivable within one year40/41€38k€3k▼
Cash at bank and in hand54/58€357k€49k▼
Equity and liabilities
Total equity and liabilities10/49€4.67M€4.33M▼
Equity10/15€4.63M€3.88M▼
Contributions10/11€9.95M€9.95M=
Profit (loss) carried forward14€-5.32M€-6.07M▼
Amounts payable17/49€41k€457k▲
Amounts payable within one year42/48€37k€454k▲
Trade debts44€20k€11k▼
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€280k€267k▼
Gross operating margin9900€-114k€-207k▼
Operating profit (loss)9901€-631k€-750k▼
Recurring financial income75€6k€940▼
Recurring financial charges65€483€1k▲
Profit (loss) for the period before taxes9903€-625k€-750k▼
Profit (loss) for the period9904€-625k€-750k▼
Profit (loss) for the period to be appropriated9905€-625k€-750k▼
Timeline · acts, filings and financial milestones
2022
04-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-750k
Net result drops to €-750k, the lowest in the series.
02-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
03-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
27-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
10-04
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
30-04
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
18-12-2025
Resigned as Manager
Location & real-estate footprint
Registered office, Kelmis · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Moosbend 14728 Kelmis1 establishment unit
Moosbend 1, 4728 Kelmis
since 19972.084.201.386
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Of 799 companies in sector 01450 we hold annual accounts for 114. 43 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formGeneral partnership
Founded24-10-1997
Fiscal year end31-12
Activities, NACEBEL
01220
01450Raising of sheep and goats
92613
93110Operation of sports facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filings
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.