Active BE 0472.396.928Public limited company

GemVentures 1

Drukpersstraat 4 ·1000 Brussel, Belgium· 26 yrs active

Conclusion Checked

The computed 12-month bankruptcy probability of GemVentures 1 is 1.5% (low). The 2023 annual accounts show equity of €639k and a net result of €65k. Equity remains stable across the filed fiscal years (±1% per year). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€639k
Net result	€65k
Active	26 yrs
Locations	1

Financial profile 5 of 5 axes measured · computed by Checked

76 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 78

Profitability 50

Solvency 100

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.5% Low

0%0,5%1,5%4%10%≥25%

No NACE activity registered +Higher-failure-rate region +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2000, 26 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 Flags0 events

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.

Health barometer FY 2023 · computed

78 / 100 Excellent

050100

Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 24-07-2024 with the NBB · fiscal year 2023 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 6 fiscal years (±1%/year).

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).

Net profit

€65k

- 18-23

Total assets

€647k

+10.7% 18-23

Equity

€639k

+11.2% 18-23

Working capital

€370k

+20.5% 18-23

Debt

€8k

-18.4% 18-23

Debt ≤ 1y

€0

-100.0% 18-23

Current ratio

883.82

+804.8% 18-23

Quick ratio

883.82

+804.8% 18-23

Show 4 other metrics

Solvency

98.7%

+0.5% 18-23

Debt / equity

0.01

-26.6% 18-23

ROE

10.1%

- 18-23

ROA

10.0%

- 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	verkort
Revenue	-
EBITDA	-
Net profit	€65k
Cash flow	-
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€647k
Equity	€639k
Debt	€8k
of which ≤ 1y	€0
of which > 1y	-
Working capital	€370k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	-
Quick ratio	-
Working capital ratio	57.1%
Solvency	98.7%
Debt / equity	0.01
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	10.0%
ROE	10.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €277k · 42.9% Current assets €370k · 57.1%

Equity & liabilities

Equity €639k · 98.8% Debt €8k · 1.3%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€647k
Fixed assets	21/28	€277k
Financial fixed assets	28	€277k
Current assets	29/58	€370k
Amounts receivable within one year	40/41	€312k
Cash & bank	54/58	€58k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€647k
Equity	10/15	€639k
Contributions / capital	10/11	€409k
Reserves	13	€26k
Accumulated profits (losses)	14	€204k
Amounts payable	17/49	€8k
Amounts payable within one year	42/48	€0
Trade debts payable within one year	44	€0
Income statement
Gross operating margin	9900	€-17k
Operating result	9901	€-17k
Financial income	75	€82k
Financial charges	65	€703
Result before taxes	9903	€65k
Net result for the period	9904	€65k
Result to be appropriated	9905	€65k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 6 directors

Historic, not recently confirmed (4)

These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.

Louis Kergail
Managing director
State Gazette act 19094685 (15-07-2019)

Not recently confirmed
last confirmed in an act from 2019
2 events
- 15-07-2019 Appointed· Managing director
- 15-07-2019 Appointed· Director
Johannes de Reus
Director
State Gazette act 18142992 (26-09-2018)

Not recently confirmed
last confirmed in an act from 2018
2 events
- 26-09-2018 Resigned· Director
- 26-09-2018 Appointed· Director
Kristiaan Van den Eynde
Director
State Gazette act 05136078 (30-09-2005)

Not recently confirmed
last confirmed in an act from 2005
Sébastien Rouzaire
Director
State Gazette act 05136078 (30-09-2005)

Not recently confirmed
last confirmed in an act from 2005

Permanent representatives (1)

These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.

Ken Snoeks
Vaste vertegenwoordiger
State Gazette act 21128483 (27-10-2021)

Permanent representative
27-10-2021 → present

Former directors (2)

Elske Bijzitter
Director
State Gazette act 18142992 (26-09-2018)

Former
26-09-2018 → 15-07-2019
4 events
- 15-07-2019 Resigned· Director
- 15-07-2019 Resigned· Managing director
- 26-09-2018 Resigned· Director
- 26-09-2018 Appointed· Director
Jan Wietse Hilverda
Director
State Gazette act 05136078 (30-09-2005)

Former
- → 30-09-2005

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Statutory auditor 4 auditor

Statutory auditor	IRE/IBR number	Tenure
Callens, Pirenne, Theunissen & Co Bedrijfsrevisoren CVCurrent Statutory auditor	-	27-10-2021 → present

Show 3 earlier auditors

Callens, Pirenne, Theunissen & Co Bedrijfsrevisoren BV CVBA Statutory auditor succeeded by Callens, Pirenne, Theunissen & Co Bedrijfsrevisoren CV in 2021	-	05-07-2018 → 27-10-2021
Callens, Pirenne, Theunissen en Co Bedrijfsrevisoren BCVBA Statutory auditor succeeded by Callens, Pirenne, Theunissen & Co Bedrijfsrevisoren CV in 2021	-	26-09-2018 → 27-10-2021
Ken Snoeks Statutory auditor succeeded by Callens, Pirenne, Theunissen & Co Bedrijfsrevisoren CV in 2021	-	05-07-2018 → 27-10-2021

Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Legal Structure

NACE primary	-
Legal form	Public limited company(014)
Incorporation	14-07-2000
Status	Active
Postal code	1000

Establishment units 1 location

Drukpersstraat 4, 1000 Brussel

Overige financiële instellingen, n.e.g.

since 20002.100.963.877

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21803C0244/00A002	Brussels	100 m²	1 · 99 m²	23.6 m · 8 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 16 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

24-07-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

10-05-2024

State Gazette act Statutes amendment

v3.2

2023

05-07-2023

NBB filing Annual accounts filed

fiscal year 2022 · verkort

2022

25-07-2022

NBB filing Annual accounts filed

fiscal year 2021 · verkort

2021

27-10-2021

State Gazette act Director changes

v3.2

30-09-2021

NBB filing Annual accounts filed

fiscal year 2020 · volledig

2020

07-07-2020

NBB filing Annual accounts filed

fiscal year 2019 · volledig

2019

15-07-2019

NBB filing Annual accounts filed

fiscal year 2018 · volledig

15-07-2019

State Gazette act Director changes

v3.2

2018

26-09-2018

State Gazette act Director changes

v3.2

13-07-2018

NBB filing Annual accounts filed

fiscal year 2017 · volledig

05-07-2018

State Gazette act Director changes

v3.2

2017

17-07-2017

NBB filing Annual accounts filed

fiscal year 2016 · volledig

2016

01-07-2016

NBB filing Annual accounts filed

fiscal year 2015 · volledig

2015

06-07-2015

NBB filing Annual accounts filed

fiscal year 2014 · volledig

2005

30-09-2005

State Gazette act Director changes

v3.2

Belgian State Gazette reading coverage 0 of 22 acts read

We know of 22 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 6 acts

All acts · 6 updated 2 years ago

2024

10-05-2024 Articles of association amended Statutes amendment

Summary: v3.2

Original publication ↗

Technical details

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2021

27-10-2021 2 directors appointed Director changes

Callens, Pirenne, Theunissen & Co Bedrijfsrevisoren CV, Commissaris
Ken Snoeks, Vaste vertegenwoordiger

Summary: v3.2

Original publication ↗

Technical details

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2019

15-07-2019 2 directors appointed, 2 resigning Director changes

Louis Kergail, Gedelegeerd bestuurder
Louis Kergail, Bestuurder
Elske Bijzitter, Bestuurder
Elske Bijzitter, Gedelegeerd bestuurder

Summary: v3.2

Original publication ↗

Technical details

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2018

26-09-2018 4 directors appointed, 3 resigning Director changes

Elske Bijzitter, Bestuurder
Johannes de Reus, Bestuurder
Callens, Pirenne, Theunissen en Co Bedrijfsrevisoren BCVBA, Commissaris
Ken Snoeks, Commissaris
Elske Bijzitter, Bestuurder
Johannes de Reus, Bestuurder
Callens, Pirenne, Theunissen en Co Bedrijfsrevisoren BCVBA, Commissaris

Summary: v3.2

Original publication ↗

Technical details

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05-07-2018 2 directors appointed Director changes

Callens, Pirenne, Theunissen & Co Bedrijfsrevisoren BV CVBA, Commissaris
Ken Snoeks, Commissaris

Summary: v3.2

Original publication ↗

Technical details

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2005

30-09-2005 2 directors appointed, 1 resigning Director changes

Sébastien Rouzaire, Bestuurder
Kristiaan Van den Eynde, Bestuurder
Jan Wietse Hilverda, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Names & trade names

Legal nameNL

GemVentures 1

Registered office

Drukpersstraat 4

1000 Brussel, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.