Checked.be
Active
BE 0887.004.424Private limited company
GEMV
Ramerstraat 18 ·1760 Roosdaal, Belgium· 19 yrs active
Sector: Other business support services
(82990)
Conclusion
GEMV has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €-3k. Equity is shrinking by ~15% per year across the filed fiscal years. Its solvency ranks better than 22% of 7583 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 8 annual accounts.
Key figures
| Equity | €21k |
| Net result | €-3k |
| Better than sector | 22% |
| Active | 19 yrs |
Financial profile
49
/ 100
Mixed profile: strong on stability, weaker on solvency.
All 5 axes are computed from data Checked has read.
Health
28
Profitability
33
Solvency
10
Growth
72
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2007, 19 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
28
/ 100
Weak
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
25
2018
22
2019
12
2020
0
2021
36
2022
28
2023
36
2024
28
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.23 (< 1.0)
-10
Quick ratio
Quick ratio 0.23 (< 0.6)
-5
Leverage
Debt/equity 5.87 (> 3.0)
-10
Profitability
Negatieve ROE -14%
-10
EBITDA margin
EBITDA-marge 1234% (≥ 10%)
+8
Interest coverage
Interest coverage 36.0× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 24-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Revenue: growth of ~50%/year over 6 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 82, Office administrative, office support and other business support activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 14.5% | 50.9% | |
| Net result | €-3k | €17k | |
| Equity | €21k | €58k | |
| Gross operating margin | €5k | €40k | |
| Total assets | €148k | €140k |
€211
-26.1%
18-25
€3k
-26.3%
18-25
€-3k
-29.1%
18-25
€3k
-21.6%
18-25
€148k
-3.1%
18-25
€21k
-12.6%
18-25
€-97k
+2.5%
18-25
€228
+5.3%
18-25
€126k
-1.2%
18-25
€126k
-1.2%
18-25
0.23
+4.6%
18-25
0.23
+4.6%
18-25
14.5%
-9.8%
18-25
5.87
+13.0%
18-25
-14.4%
-47.7%
18-25
-2.1%
-33.2%
18-25
-1470.9%
-74.6%
18-25
1233.8%
-0.3%
18-25
36.04
+222.4%
18-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | €211 | €285 | €62 | €41 | €41 |
| EBITDA | €3k | €4k | €663 | €919 | €-2k |
| Net profit | €-3k | €-2k | €-5k | €-5k | €-8k |
| Cash flow | €3k | €3k | €354 | €598 | €-2k |
| Staff costs | - | - | - | - | - |
| Income taxes | €228 | €217 | €210 | €191 | €169 |
| Dividends | - | - | - | - | - |
| Total assets | €148k | €152k | €157k | €164k | €170k |
| Equity | €21k | €25k | €27k | €32k | €37k |
| Debt | €126k | €128k | €130k | €132k | €133k |
| of which ≤ 1y | €126k | €128k | €130k | €132k | €133k |
| of which > 1y | - | - | - | - | - |
| Working capital | €-97k | €-99k | €-102k | €-102k | €-100k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.23 | 0.22 | 0.22 | 0.23 | 0.25 |
| Quick ratio | 0.23 | 0.22 | 0.22 | 0.23 | 0.25 |
| Working capital ratio | -65.5% | -65.2% | -64.8% | -62.2% | -58.4% |
| Solvency | 14.5% | 16.1% | 17.2% | 19.6% | 21.9% |
| Debt / equity | 5.87 | 5.20 | 4.82 | 4.09 | 3.56 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 36.04 | 11.18 | 4.85 | 7.10 | -16.33 |
| Gross margin | -3751.8% | -2814.9% | -15730.0% | -18330.4% | -19417.2% |
| Net margin | -1470.9% | -842.3% | -8450.7% | -12408.4% | -18859.5% |
| ROA | -2.1% | -1.6% | -3.3% | -3.1% | -4.6% |
| ROE | -14.4% | -9.8% | -19.4% | -15.9% | -20.9% |
| EBITDA margin | 1233.8% | 1237.3% | 1070.5% | 2224.8% | -4329.4% |
| Days sales outstanding | 173d | 64d | 3538d | 5307d | 5307d |
| Days payable outstanding | 66d | 4d | 26d | 38d | 8d |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €148k | €152k | €157k | €164k | €170k |
| Fixed assets | 21/28 | €118k | €124k | €129k | €134k | €137k |
| Tangible fixed assets | 22/27 | €118k | €124k | €129k | €134k | €137k |
| Current assets | 29/58 | €29k | €28k | €28k | €30k | €33k |
| Amounts receivable within one year | 40/41 | €134 | €560 | €903 | €2k | €929 |
| Cash & bank | 54/58 | €27k | €26k | €27k | €27k | €32k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €148k | €152k | €157k | €164k | €170k |
| Equity | 10/15 | €21k | €25k | €27k | €32k | €37k |
| Contributions / capital | 10/11 | €100k | €100k | €100k | €100k | €100k |
| Reserves | 13 | €7k | €7k | €7k | €7k | €7k |
| Accumulated profits (losses) | 14 | €-86k | €-83k | €-80k | €-75k | €-70k |
| Amounts payable | 17/49 | €126k | €128k | €130k | €132k | €133k |
| Amounts payable within one year | 42/48 | €126k | €128k | €130k | €132k | €133k |
| Trade debts payable within one year | 44 | €1k | €80 | €686 | €783 | €175 |
| Income statement | ||||||
| Turnover | 70 | €211 | €285 | €62 | €41 | €41 |
| Gross operating margin | 9900 | €5k | €6k | €3k | €3k | €381 |
| Operating result | 9901 | €-3k | €-2k | €-5k | €-5k | €-8k |
| Financial income | 75 | €228 | €230 | €38 | - | - |
| Financial charges | 65 | €72 | €316 | €137 | €129 | €110 |
| Result before taxes | 9903 | €-3k | €-2k | €-5k | €-5k | €-8k |
| Income taxes | 67/77 | €228 | €217 | €210 | €191 | €169 |
| Net result for the period | 9904 | €-3k | €-2k | €-5k | €-5k | €-8k |
| Result to be appropriated | 9905 | €-3k | €-2k | €-5k | €-5k | €-8k |
Legal Structure
| NACE primary | Other business support services(82990) |
| Legal form | Private limited company(610) |
| Incorporation | 05-02-2007 |
| Status | Active |
| Postal code | 1760 |
Establishment units
GEMV
since 20072.160.085.377
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23722B0085/00R000 | Flanders | 820 m² | 1 · 116 m² | 9.2 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-62k
Net result drops to €-62k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
74875Other business support services82990Real estate agency activities68310Real estate activities6831170311
Names & trade names
| Legal nameNL | GEMV |
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