GEMSTAAR
InactiveGEMSTAAR was declared bankrupt on 18-06-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 09-12-2025, published in the Belgian State Gazette on 16-12-2025.
Summary
Inactive; last annual accounts for fiscal year 2019.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 23-11-2020, 115 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
115 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2019, micro schema
Turnover
€1k
EBIT margin
-1289.5%
Net result
€-17k▼ 18.2%
2018 · €-15k
2018: €-15k
2018 → 2019
Working capital
€14k▼ 56.0%
2018 · €31k
2018: €31k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Turnover€1k-
Equity€31k-€14k▼ 56.0%
Operating result€-13k-€-15k▼ 10.9%
Net result€-15k-€-17k▼ 18.2%
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 €15k in 2019 against €13k in 2018; the loss grows.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Equity and liabilities €1.59M
Equity
€14k ▼ 56.0%
Debt
€1.58M ▲ 0.1%
Debt's share of the balance-sheet total rises from 98.1% to 99.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.01▼
2018 · 1.02
Quick ratio
0.09▼
2018 · 0.10
ROE
-127.2%▼
2018 · -47.4%
ROA
-1.1%▼
2018 · -0.9%
Debt ≤ 1 year
€1.58M▲
2018 · €1.58M
Income taxes
€940
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 · 2019 against 2018 · 21 lines
Balance sheet
Code20182019
Assets
Total assets20/58€1.61M€1.59M▼
Current assets29/58€1.61M€1.59M▼
Stocks and contracts in progress3€1.45M€1.45M▼
Amounts receivable within one year40/41€124k€126k▲
Cash at bank and in hand54/58€29k€19k▼
Equity and liabilities
Total equity and liabilities10/49€1.61M€1.59M▼
Equity10/15€31k€14k▼
Contributions10/11€12k€12k=
Reserves13€1k€1k=
Profit (loss) carried forward14€18k€70▼
Amounts payable17/49€1.58M€1.58M▲
Amounts payable within one year42/48€1.58M€1.58M▲
Trade debts44€2k€1k▼
Income statement
Code20182019
Turnover70€1k-
Gross operating margin9900€-13k€-14k▼
Operating profit (loss)9901€-13k€-15k▼
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-15k€-16k▼
Income taxes67/77-€940
Profit (loss) for the period9904€-15k€-17k▼
Profit (loss) for the period to be appropriated9905€-15k€-17k▼
Timeline · acts, filings and financial milestones
2025
16-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · GEMSTAAR BVBA IN VEREFFENING HOVENIERSSTRAAT 2/520, 2018 ANTWERPEN 1 · event 09-12-2025
2024
24-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · GEMSTAAR BVBA IN VEREF- FENING HOVENIERSSTRAAT 2/520, 2018 ANTWERPEN 1 · event 18-06-2024
2023
19-04
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · GEMSTAAR BV HOVENIERSSTRAAT 2/520, 2018 ANTWERPEN 1 · event 13-04-2023
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 115 days late
2019
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 64 days late
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 90 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 56 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
2015
27-11
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 119 days late
2014
28-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 89 days late
2013
25-10
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 86 days late
2012
16-10
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 77 days late
2011
13-09
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 44 days late
SignalNBB filing
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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LIESBET JACOBS POPULIERENLAAN 43, 2630 AARTSE-
LAAR |
18-06-2024 → 09-12-2025 |