GEMRIN
ActiveSummary
GEMRIN has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €92k and a net result of €-12k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 43% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▼-25
Solvency51=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.32 against 2.08 in 2024; short-term debt: 8.4% and cash: 11.2% of total assets), but 73.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
26.2%
Return on assets
-3.5%
Age of the figures
9 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
60 d late
2023
29 d late
2022
25 d late
2021
31 d late
2020
48 d late
2019
55 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€92k▼ 11.8%
2024 · €104k
2018: €70klowest in 8 years
2019: €83k▲ +19.0% vs 2018
2020: €88k▲ +6.1% vs 2019
2021: €99k▲ +12.4% vs 2020
2022: €102k▲ +3.6% vs 2021
2023: €115k▲ +12.4% vs 2022highest in 8 years
2024: €104k▼ -9.3% vs 2023
2025: €92k▼ -11.8% vs 2024
2018 → 2025
Total assets
€350k▼ 13.4%
2024 · €404k
2018: €315klowest in 8 years
2019: €318k▲ +1.0% vs 2018
2020: €525k▲ +65.0% vs 2019highest in 8 years
2021: €477k▼ -9.3% vs 2020
2022: €431k▼ -9.5% vs 2021
2023: €422k▼ -2.1% vs 2022
2024: €404k▼ -4.2% vs 2023
2025: €350k▼ -13.4% vs 2024
2018 → 2025
Net result
€-12k
2024 · €7k
2018: €18k
2019: €13k▼ -27.8% vs 2018
2020: €46k▲ +250% vs 2019highest in 8 years
2021: €23k▼ -51.0% vs 2020
2022: €4k▼ -84.2% vs 2021
2023: €13k▲ +252% vs 2022
2024: €7k▼ -44.7% vs 2023
2025: €-12k▼ -276% vs 2024lowest in 8 years
2018 → 2025
Working capital
€39k▼ 24.9%
2024 · €52k
2018: €42k
2019: €58k▲ +37.5% vs 2018
2020: €54k▼ -5.6% vs 2019
2021: €26k▼ -51.2% vs 2020lowest in 8 years
2022: €46k▲ +73.8% vs 2021
2023: €60k▲ +31.4% vs 2022highest in 8 years
2024: €52k▼ -14.2% vs 2023
2025: €39k▼ -24.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€99k-€102k▲ 3.6%€115k▲ 12.4%€104k▼ 9.3%€92k▼ 11.8%
2021: €99k
2022: €102k▲ +3.6% vs 2021
2023: €115k▲ +12.4% vs 2022highest in 5 years
2024: €104k▼ -9.3% vs 2023
2025: €92k▼ -11.8% vs 2024lowest in 5 years
Operating result€34k-€12k▼ 65.6%€25k▲ 113%€16k▼ 35.9%€-6k
2021: €34khighest in 5 years
2022: €12k▼ -65.6% vs 2021
2023: €25k▲ +113% vs 2022
2024: €16k▼ -35.9% vs 2023
2025: €-6k▼ -138% vs 2024lowest in 5 years
Net result€23k-€4k▼ 84.2%€13k▲ 252%€7k▼ 44.7%€-12k
2021: €23khighest in 5 years
2022: €4k▼ -84.2% vs 2021
2023: €13k▲ +252% vs 2022
2024: €7k▼ -44.7% vs 2023
2025: €-12k▼ -276% vs 2024lowest in 5 years
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 2025: a loss of €6k after €16k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €350k
Fixed assets
€282k ▼ 7.5%
Current assets
€68k ▼ 31.4%
Equity and liabilities €350k
Equity
€92k ▼ 11.8%
Debt
€258k ▼ 14.0%
Debt's share of the balance-sheet total falls from 74.2% to 73.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€24k▼
2024 · €46k
Cash flow
€18k▼
2024 · €37k
Current ratio
2.32▲
2024 · 2.08
Quick ratio
1.48▲
2024 · 1.32
Debt to equity
2.81▼
2024 · 2.88
ROE
-13.4%▼
2024 · 6.7%
ROA
-3.5%▼
2024 · 1.7%
Interest coverage
3.84▼
2024 · 6.78
Debt ≤ 1 year
€30k▼
2024 · €48k
Debt > 1 year
€229k▼
2024 · €252k
Income taxes
€59▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€404k€350k▼
Fixed assets21/28€305k€282k▼
Tangible fixed assets22/27€305k€282k▼
Land and buildings22€301k€277k▼
Plant, machinery and equipment23€599€2k▲
Furniture and vehicles24€3k€2k▼
Current assets29/58€100k€68k▼
Stocks and contracts in progress3€36k€25k▼
Stocks30/36€36k€25k▼
Amounts receivable within one year40/41€1k€2k▲
Trade receivables40€45€644▲
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€61k€39k▼
Deferred charges and accrued income490/1€867€2k▲
Equity and liabilities
Total equity and liabilities10/49€404k€350k▼
Equity10/15€104k€92k▼
Contributions10/11€19k€19k=
Reserves13€17k€17k=
Distributable reserves133€17k€17k=
Profit (loss) carried forward14€69k€56k▼
Amounts payable17/49€300k€258k▼
Amounts payable after more than one year17€252k€229k▼
Financial debts170/4€252k€229k▼
Amounts payable within one year42/48€48k€30k▼
Current portion of amounts payable after more than one year42€24k€24k▼
Taxes, remuneration and social security45€7k€4k▼
Taxes450/3€7k€4k▼
Other amounts payable47/48€17k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€30k▲
Other operating charges640/8€6k€4k▼
Gross operating margin9900€51k€28k▼
Operating profit (loss)9901€16k€-6k▼
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€9k€-12k▼
Income taxes67/77€2k€59▼
Profit (loss) for the period9904€7k€-12k▼
Profit (loss) for the period to be appropriated9905€7k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€86k€56k▼
Profit (loss) brought forward from the previous period14P€79k€69k▼
Profit to be distributed694/7€18k-
Return on contributions (dividend)694€18k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €711 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32k | €29k | €30k | €30k | €30k | ▲ 0.4% |
| Other operating charges640/8 | €4k | €3k | €3k | €6k | €4k | ▼ 35.5% |
| Gross operating margin9900 | €69k | €44k | €58k | €51k | €28k | ▼ 46.4% |
| Operating profit (loss)9901 | €34k | €12k | €25k | €16k | €-6k | ▼ 138% |
| Financial charges65/66B | €8k | €7k | €8k | €7k | €6k | ▼ 7.8% |
| Recurring financial charges65 | €8k | €7k | €8k | €7k | €6k | ▼ 7.8% |
| Profit (loss) for the period before taxes9903 | €26k | €4k | €16k | €9k | €-12k | ▼ 234% |
| Income taxes67/77 | €3k | €805 | €4k | €2k | €59 | ▼ 97.3% |
| Profit (loss) for the period9904 | €23k | €4k | €13k | €7k | €-12k | ▼ 276% |
| Profit (loss) for the period to be appropriated9905 | €23k | €4k | €13k | €7k | €-12k | ▼ 276% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €477k | €431k | €422k | €404k | €350k | ▼ 13.4% |
| Fixed assets21/28 | €394k | €356k | €330k | €305k | €282k | ▼ 7.5% |
| Intangible fixed assets21 | €1k | €958 | €458 | - | - | - |
| Tangible fixed assets22/27 | €393k | €355k | €330k | €305k | €282k | ▼ 7.5% |
| Land and buildings22 | €389k | €352k | €329k | €301k | €277k | ▼ 7.8% |
| Plant, machinery and equipment23 | €1k | €1k | €906 | €599 | €2k | ▲ 256% |
| Furniture and vehicles24 | €2k | €2k | €481 | €3k | €2k | ▼ 30.3% |
| Current assets29/58 | €82k | €76k | €92k | €100k | €68k | ▼ 31.4% |
| Stocks and contracts in progress3 | €32k | €44k | €34k | €36k | €25k | ▼ 31.7% |
| Stocks30/36 | €32k | €44k | €34k | €36k | €25k | ▼ 31.7% |
| Amounts receivable within one year40/41 | - | €4k | €4k | €1k | €2k | ▲ 86.9% |
| Trade receivables40 | - | €307 | €831 | €45 | €644 | ▲ 1,340% |
| Other amounts receivable41 | - | €3k | €3k | €1k | €2k | ▲ 42.8% |
| Cash at bank and in hand54/58 | €48k | €25k | €50k | €61k | €39k | ▼ 36.1% |
| Deferred charges and accrued income490/1 | €3k | €3k | €3k | €867 | €2k | ▲ 131% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €477k | €431k | €422k | €404k | €350k | ▼ 13.4% |
| Equity10/15 | €99k | €102k | €115k | €104k | €92k | ▼ 11.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €17k | €17k | €17k | €17k | €17k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €15k | €15k | €17k | €17k | €17k | = |
| Profit (loss) carried forward14 | €63k | €67k | €79k | €69k | €56k | ▼ 17.8% |
| Amounts payable17/49 | €378k | €329k | €307k | €300k | €258k | ▼ 14.0% |
| Amounts payable after more than one year17 | €322k | €299k | €276k | €252k | €229k | ▼ 9.3% |
| Financial debts170/4 | €322k | €299k | €276k | €252k | €229k | ▼ 9.3% |
| Amounts payable within one year42/48 | €56k | €30k | €31k | €48k | €30k | ▼ 38.5% |
| Current portion of amounts payable after more than one year42 | €22k | €22k | €23k | €24k | €24k | ▼ 1.4% |
| Trade debts44 | €13k | - | €92 | - | - | - |
| Suppliers440/4 | €13k | - | €92 | - | - | - |
| Taxes, remuneration and social security45 | €6k | €5k | €5k | €7k | €4k | ▼ 38.1% |
| Taxes450/3 | €6k | €5k | €5k | €7k | €4k | ▼ 38.1% |
| Other amounts payable47/48 | €15k | €3k | €3k | €17k | €2k | ▼ 91.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €4k | €13k | €7k | €-12k | ▼ 276% |
| + Depreciation and write-downs630 | €32k | €29k | €30k | €30k | €30k | ▲ 0.4% |
| Operating cash flow (approximation) | €54k | €33k | €42k | €37k | €18k | ▼ 52.2% |
| Investment in fixed assets (approximation) | - | €9k | €-5k | €-4k | €-7k | ▼ 83.1% |
| Change in cash | - | €-22k | €25k | €11k | €-22k | ▼ 301% |
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
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Equity above €100kEq €102k ▲3.6%
5 profitable years in a row build equity to €102k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 48 days late
2020
31-12
Financial
Highest result since 2018net €46k ▲250%
Operating result €55k, net result €46k, both a record.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Aalst · 1 establishment unit since 2014
Ground area
270 m²
Building footprint
194 m²
Parcel 41002A0180/54E000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Gemrin
since 20142.237.970.637
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002A0180/54E000 | Flanders | 270 m² | 1 · 193 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAalst2.237.970.637
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,851. 4,654 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
Founded19-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Scores and ratios are computed by Checked and are not a credit decision.