PATRICK GEMIS
ActiveSummary
PATRICK GEMIS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €367k and a net result of €-34k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 67% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▲+3
Solvency88▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.08 in 2024; short-term debt: 14.5% and cash: 0% of total assets), and 37.4% of the assets are financed with debt.
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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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-34k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
50 d late
2023
30 d late
2022
64 d late
2021
30 d late
2020
29 d late
2019
69 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€367k▼ 8.6%
2024 · €401k
Total assets
€587k▲ 3.7%
2024 · €566k
Net result
€-34k▲ 26.2%
2024 · €-47k
Working capital
€-84k▼ 417%
2024 · €-16k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2k▼ 97.4%€6k▲ 164%€7k▲ 14.9%€-43k€-31k▲ 27.8%
Net result€-2k€-1k▲ 15.1%€313€-47k€-34k▲ 26.2%
Equity€449k▼ 0.4%€448k▼ 0.3%€448k▲ 0.1%€401k▼ 10.4%€367k▼ 8.6%
Total assets€662k▲ 45.1%€642k▼ 3.1%€630k▼ 2.0%€566k▼ 10.1%€587k▲ 3.7%
Debt€213k▲ 3,562%€195k▼ 8.8%€181k▼ 6.7%€164k▼ 9.4%€220k▲ 33.6%
Working capital€17k▼ 69.4%€22k▲ 34.1%€30k▲ 34.8%€-16k€-84k▼ 417%
Staff (FTE)
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 €31k in 2025 against €43k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €587k
Fixed assets
€585k ▲ 3.7%
Current assets
€1k ▼ 10.5%
Equity and liabilities €587k
Equity
€367k ▼ 8.6%
Debt
€220k ▲ 33.6%
Debt's share of the balance-sheet total rises from 29.0% to 37.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-15k▲
2024 · €-23k
Cash flow
€-19k▲
2024 · €-27k
Current ratio
0.01▼
2024 · 0.08
Debt to equity
0.60▲
2024 · 0.41
ROE
-9.4%▲
2024 · -11.6%
ROA
-5.9%▲
2024 · -8.2%
Interest coverage
-4.65▲
2024 · -6.54
Debt ≤ 1 year
€85k▲
2024 · €17k
Debt > 1 year
€135k▼
2024 · €147k
Income taxes
€524▼
2024 · €563
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €19k | €19k | €20k | €16k | ▼ 19.5% |
| Other operating charges640/8 | €32k | €6k | €7k | €5k | €7k | ▲ 25.4% |
| Gross operating margin9900 | €44k | €31k | €32k | €-18k | €-8k | ▲ 53.4% |
| Operating profit (loss)9901 | €2k | €6k | €7k | €-43k | €-31k | ▲ 27.8% |
| Financial income75/76B | €3 | €12 | €0 | €0 | €12 | ▲ 8,464% |
| Recurring financial income75 | €3 | €12 | €0 | €0 | €12 | ▲ 8,464% |
| Financial charges65/66B | €1k | €4k | €4k | €4k | €3k | ▼ 8.6% |
| Recurring financial charges65 | €1k | €4k | €4k | €4k | €3k | ▼ 8.6% |
| Profit (loss) for the period before taxes9903 | €981 | €2k | €3k | €-46k | €-34k | ▲ 26.4% |
| Income taxes67/77 | €3k | €3k | €3k | €563 | €524 | ▼ 6.8% |
| Profit (loss) for the period9904 | €-2k | €-1k | €313 | €-47k | €-34k | ▲ 26.2% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-1k | €313 | €-47k | €-34k | ▲ 26.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €662k | €642k | €630k | €566k | €587k | ▲ 3.7% |
| Fixed assets21/28 | €614k | €596k | €577k | €564k | €585k | ▲ 3.7% |
| Tangible fixed assets22/27 | €614k | €595k | €577k | €564k | €585k | ▲ 3.7% |
| Land and buildings22 | €610k | €593k | €575k | €560k | €552k | ▼ 1.5% |
| Furniture and vehicles24 | €3k | €2k | €1k | €4k | €34k | ▲ 670% |
| Financial fixed assets28 | €600 | €600 | €0 | - | - | - |
| Current assets29/58 | €48k | €47k | €53k | €1k | €1k | ▼ 10.5% |
| Stocks and contracts in progress3 | - | €18k | €37k | €0 | - | - |
| Stocks30/36 | - | €18k | €14k | €0 | - | - |
| Contracts in progress37 | - | - | €23k | €0 | - | - |
| Amounts receivable within one year40/41 | €17k | €8k | €9k | €1k | €997 | ▼ 22.0% |
| Trade receivables40 | €10k | €60 | €3k | €0 | - | - |
| Other amounts receivable41 | €7k | €8k | €6k | €1k | €997 | ▼ 22.0% |
| Cash at bank and in hand54/58 | €29k | €19k | €5k | €41 | €29 | ▼ 29.9% |
| Deferred charges and accrued income490/1 | €3k | €1k | €1k | €0 | €155 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €662k | €642k | €630k | €566k | €587k | ▲ 3.7% |
| Equity10/15 | €449k | €448k | €448k | €401k | €367k | ▼ 8.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €141k | €141k | €141k | €139k | €105k | ▼ 24.7% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | €54k | €54k | €54k | €54k | €20k | ▼ 63.5% |
| Distributable reserves133 | €85k | €85k | €87k | €85k | €85k | = |
| Profit (loss) carried forward14 | €302k | €300k | €301k | €256k | €256k | = |
| Amounts payable17/49 | €213k | €195k | €181k | €164k | €220k | ▲ 33.6% |
| Amounts payable after more than one year17 | €182k | €170k | €159k | €147k | €135k | ▼ 8.2% |
| Financial debts170/4 | €182k | €170k | €159k | €147k | €135k | ▼ 8.2% |
| Amounts payable within one year42/48 | €32k | €24k | €23k | €17k | €85k | ▲ 385% |
| Current portion of amounts payable after more than one year42 | €11k | €11k | €12k | €12k | €12k | ▲ 1.9% |
| Trade debts44 | €5k | €2k | €9k | €4k | €3k | ▼ 17.9% |
| Suppliers440/4 | €5k | €2k | €9k | €4k | €3k | ▼ 17.9% |
| Taxes, remuneration and social security45 | €2k | €1k | €2k | €2k | €2k | ▲ 12.4% |
| Taxes450/3 | €2k | €1k | €2k | €2k | €2k | ▲ 12.4% |
| Other amounts payable47/48 | €13k | €9k | €0 | - | €68k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-1k | €313 | €-47k | €-34k | ▲ 26.2% |
| + Depreciation and write-downs630 | €10k | €19k | €19k | €20k | €16k | ▼ 19.5% |
| Operating cash flow (approximation) | €8k | €17k | €19k | €-27k | €-19k | ▲ 31.0% |
| Investment in fixed assets (approximation) | - | €0 | €600 | €-8k | €-37k | ▼ 387% |
| Change in cash | - | €-10k | €-14k | €-5k | €-12 | ▲ 99.8% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 50 days late
2024
31-12
Financial
Weakest financial yearnet €-47k
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €313
Net result €313 after 2 loss-making years.
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 64 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 29 days late
2020
31-12
Financial
Highest result since 2018net €71k ▲138%
Operating result €91k, net result €71k, both a record.
31-12
Financial
Liquidity times 10current ratio 10.37
Current ratio from 1.00 to 10.37; short-term debt falls from €105k to €6k.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 16 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
3 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, Knokke-Heist · 1 establishment unit since 2007
Ground area
682 m²
Building footprint
516 m²
Volume, LiDAR
12,074 m³
Parcel 31338E0103/00_000, Flanders · tallest building 29.6 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Patrick Gemis
since 20072.164.167.592
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31338E0103/00_000 | Flanders | 682 m² | 1 · 516 m² | 29.6 m · 8 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.
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Of 20,028 companies in sector 43320 we hold annual accounts for 9,135. 6,540 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
Founded29-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.