GEMO
ActiveSummary
GEMO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €27,674 and a net result of -€7,452. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 89% of 15862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-75
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 7.86 against 3.86 in 2023; short-term debt: 12.2% and cash: 89.2% of total assets), and 12.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
87.8%
Return on assets
-23.6%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
28 d late
2022
45 d early
2021
62 d early
2020
8 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€27,674▼ 21.2%
2023 · €35,126
Total assets
€31,528▼ 32.4%
2023 · €46,667
Net result
-€7,452
2023 · €2,190
Working capital
€26,446▼ 19.8%
2023 · €32,989
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€6,180▲ 317%€6,869▲ 11.1%€5,321▼ 22.5%€3,610▼ 32.2%-€7,189
Net result€4,270within the sector's middle half▲ 1,060%€4,631within the sector's middle half▲ 8.5%€3,414within the sector's middle half▼ 26.3%€2,190within the sector's middle half▼ 35.8%-€7,452below the sector's middle half
Equity€24,890within the sector's middle half▲ 20.7%€29,522within the sector's middle half▲ 18.6%€32,936within the sector's middle half▲ 11.6%€35,126within the sector's middle half▲ 6.7%€27,674within the sector's middle half▼ 21.2%
Total assets€38,249below the sector's middle half▲ 11.5%€40,291below the sector's middle half▲ 5.3%€41,064below the sector's middle half▲ 1.9%€46,667below the sector's middle half▲ 13.6%€31,528below the sector's middle half▼ 32.4%
Debt€13,359▼ 2.3%€10,769▼ 19.4%€8,128▼ 24.5%€11,541▲ 42.0%€3,855▼ 66.6%
Working capital€20,897▲ 28.9%€24,128▲ 15.5%€29,812▲ 23.6%€32,989▲ 10.7%€26,446▼ 19.8%
Solvency65.1%above the sector's middle half▲ 4.9pp73.3%above the sector's middle half▲ 8.2pp80.2%above the sector's middle half▲ 6.9pp75.3%above the sector's middle half▼ 4.9pp87.8%above the sector's middle half▲ 12.5pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €7,189 after €3,610 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €31,528
Fixed assets
€1,228 ▼ 42.5%
Current assets
€30,300 ▼ 32.0%
Equity and liabilities €31,528
Equity
€27,674 ▼ 21.2%
Debt
€3,855 ▼ 66.6%
Debt's share of the balance-sheet total falls from 24.7% to 12.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€6,279▼
2023 · €4,596
Cash flow
-€6,543▼
2023 · €3,176
Current ratio
7.86▲
2023 · 3.86
Debt to equity
0.14▼
2023 · 0.33
ROE
-26.9%▼
2023 · 6.2%
ROA
-23.6%▼
2023 · 4.7%
Interest coverage
-46.23▼
2023 · 31.40
Debt ≤ 1 year
€3,855▼
2023 · €11,541
Income taxes
€128▼
2023 · €1,273
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 5,836 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 | €4,854 | €5,735 | €3,793 | €986 | €909 | ▼ 7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €121 | - |
| Other operating charges640/8 | - | €926 | €779 | €975 | €820 | ▼ 15.8% |
| Gross operating margin9900 | €11,692 | €13,530 | €9,894 | €5,571 | -€5,338 | ▼ 196% |
| Operating profit (loss)9901 | €6,180 | €6,869 | €5,321 | €3,610 | -€7,189 | ▼ 299% |
| Financial charges65/66B | - | €283 | €213 | €146 | €136 | ▼ 7.2% |
| Recurring financial charges65 | €309 | €283 | €213 | €146 | €136 | ▼ 7.2% |
| Profit (loss) for the period before taxes9903 | €5,872 | €6,586 | €5,108 | €3,463 | -€7,324 | ▼ 311% |
| Income taxes67/77 | €1,601 | €1,954 | €1,694 | €1,273 | €128 | ▼ 89.9% |
| Profit (loss) for the period9904 | €4,270 | €4,631 | €3,414 | €2,190 | -€7,452 | ▼ 440% |
| Profit (loss) for the period to be appropriated9905 | €4,270 | €4,631 | €3,414 | €2,190 | -€7,452 | ▼ 440% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,249 | €40,291 | €41,064 | €46,667 | €31,528 | ▼ 32.4% |
| Fixed assets21/28 | €9,251 | €6,917 | €3,123 | €2,137 | €1,228 | ▼ 42.5% |
| Tangible fixed assets22/27 | €9,201 | €6,867 | €3,073 | €2,087 | €1,178 | ▼ 43.6% |
| Plant, machinery and equipment23 | - | €4,059 | €3,073 | €2,087 | €1,178 | ▼ 43.6% |
| Furniture and vehicles24 | - | €2,807 | - | - | - | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €28,999 | €33,374 | €37,940 | €44,530 | €30,300 | ▼ 32.0% |
| Amounts receivable within one year40/41 | €1,777 | €1,599 | €859 | €590 | €2,190 | ▲ 271% |
| Trade receivables40 | - | €700 | €559 | €121 | - | - |
| Other amounts receivable41 | - | €899 | €300 | €469 | €2,190 | ▲ 367% |
| Cash at bank and in hand54/58 | €27,221 | €31,775 | €37,081 | €43,647 | €28,111 | ▼ 35.6% |
| Deferred charges and accrued income490/1 | - | - | - | €292 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,249 | €40,291 | €41,064 | €46,667 | €31,528 | ▼ 32.4% |
| Equity10/15 | €24,890 | €29,522 | €32,936 | €35,126 | €27,674 | ▼ 21.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €4,430 | €9,062 | €12,476 | €14,666 | €7,214 | ▼ 50.8% |
| Amounts payable17/49 | €13,359 | €10,769 | €8,128 | €11,541 | €3,855 | ▼ 66.6% |
| Amounts payable after more than one year17 | €5,258 | €1,523 | - | - | - | - |
| Financial debts170/4 | - | €1,523 | - | - | - | - |
| Amounts payable within one year42/48 | €8,101 | €9,246 | €8,128 | €11,541 | €3,855 | ▼ 66.6% |
| Current portion of amounts payable after more than one year42 | - | €2,996 | €1,523 | - | - | - |
| Trade debts44 | €931 | €995 | €612 | €1,127 | €1,182 | ▲ 4.9% |
| Suppliers440/4 | - | €995 | €612 | €1,127 | €1,182 | ▲ 4.9% |
| Taxes, remuneration and social security45 | - | €5,254 | €5,993 | €10,414 | €2,673 | ▼ 74.3% |
| Taxes450/3 | - | €2,854 | €3,593 | €2,867 | €2,173 | ▼ 24.2% |
| Remuneration and social security454/9 | - | €2,400 | €2,400 | €7,547 | €500 | ▼ 93.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,270 | €4,631 | €3,414 | €2,190 | -€7,452 | ▼ 440% |
| + Depreciation and write-downs630 | €4,854 | €5,735 | €3,793 | €986 | €909 | ▼ 7.8% |
| Operating cash flow (approximation) | €9,124 | €10,367 | €7,207 | €3,176 | -€6,543 | ▼ 306% |
| Investment in fixed assets (approximation) | - | -€3,402 | €0 | €0 | €0 | - |
| Change in cash | - | €4,553 | €5,307 | €6,566 | -€15,537 | ▼ 337% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€7,452
Net result drops to -€7,452, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 7.86
Current ratio from 3.86 to 7.86; short-term debt falls from €11,541 to €3,855.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-04
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Temse · 1 establishment unit since 2003
Ground area
211 m²
Building footprint
92 m²
Volume, LiDAR
572 m³
Parcel 46302D1357/00R000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Parklaan 1, 9140 Temse
since 20032.123.655.840
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46302D1357/00R000 | Flanders | 211 m² | 1 · 92 m² | 10.3 m · 2 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.
Similar companies · same sector, comparable size
TEAM SPORT PEETERS
BE 0897.328.489
Zandhoven · Eq €28,191
Motorhome Gent
BE 0836.224.924
Heusden-Zolder · Eq €28,281
PARMENTIER SPORTS
BE 1003.625.445
Olne · Eq €26,822
QM Sports Care International
BE 0746.746.184
Lier · Eq €29,125
E COOL ARCHERY
BE 0478.783.486
Kalmthout · Eq €30,397
Of 583 companies in sector 46496 we hold annual accounts for 384. 195 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-11-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46496Wholesale trade
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478761415
Also
9925:BE0478761415
Registered
27-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.