Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of B.S. GEMS is 0.9% (low). The 2025 annual accounts show negative equity (€-224k) and a net result of €-250k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 338 sector peers (fiscal year 2025). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 8 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.9%
Low
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile
+Long track record
−Higher-failure-rate sector
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-04-2026, 120 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 02-04-2026 | 120 d early | 2026-00071215 |
| 31-12-2024 | 31-07-2025 | 07-07-2025 | 24 d early | 2025-00240172 |
| 31-12-2023 | 31-07-2024 | 01-07-2024 | 30 d early | 2024-00204408 |
| 31-12-2022 | 31-07-2023 | 15-08-2023 | 15 d late | 2023-00333234 |
| 31-12-2021 | 31-07-2022 | 29-06-2022 | 32 d early | 2022-20159070 |
| 31-12-2020 | 31-07-2021 | 08-07-2021 | 23 d early | 2021-34700349 |
| 31-12-2019 | 31-07-2020 | 01-09-2020 | 32 d late | 2020-49900554 |
| 31-12-2018 | 31-07-2019 | 24-07-2019 | 7 d early | 2019-37800272 |
| 31-12-2017 | 31-07-2018 | 28-09-2018 | 59 d late | 2018-68400187 |
| 31-12-2016 | 31-07-2017 | 31-08-2017 | 31 d late | 2017-60000260 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 1996, 29 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.
Financials
Turnover€2.78M
EBIT margin1.9%
Net result€-250k+0.1%
Working capital€-218k
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 02-04-2026 with the NBB · fiscal year 2025 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~112% of the level (threshold 35%). We therefore deliberately show no projection line.
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 46, Wholesale trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -419.5% | 36.5% | |
| Net result | €-250k | €44k | |
| Equity | €-224k | €279k | |
| Gross operating margin | €-243k | €244k | |
| Total assets | €53k | €1.22M |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P5
Stable position over 2020-2025
· n=338-972
P5
Weakening position over 2020-2025
· n=338-972
P6
Stable position over 2020-2025
· n=338-972
P5
Weakening position over 2020-2025
· n=337-970
Describes the position versus peers, not a forecast.
€2.78M
-
18-25
€-244k
-
18-25
€-250k
+0.1%
18-25
€-250k
-
18-25
€53k
-94.7%
18-25
€-224k
-
18-25
€-218k
-
18-25
€3k
-14.7%
18-25
Show 10 other metrics
€271k
-72.4%
18-25
€271k
-72.4%
18-25
0.20
-80.7%
18-25
0.20
-56.6%
18-25
-419.5%
-
18-25
-1.21
-
18-25
111.8%
-
18-25
-469.1%
-1784.0%
18-25
-2.9%
-
18-25
-112.13
-
18-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | - |
| Net profit | €-250k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €53k |
| Equity | €-224k |
| Debt | €271k |
| of which ≤ 1y | €271k |
| of which > 1y | - |
| Working capital | €-218k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.20 |
| Quick ratio | 0.20 |
| Working capital ratio | -407.8% |
| Solvency | -419.5% |
| Debt / equity | -1.21 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -469.1% |
| ROE | 111.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €53k |
| Current assets | 29/58 | €53k |
| Amounts receivable within one year | 40/41 | €421 |
| Cash & bank | 54/58 | €53k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €53k |
| Equity | 10/15 | €-224k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €8k |
| Accumulated profits (losses) | 14 | €-250k |
| Provisions & deferred taxes | 16 | €6k |
| Amounts payable | 17/49 | €271k |
| Amounts payable within one year | 42/48 | €271k |
| Trade debts payable within one year | 44 | €7k |
| Income statement | ||
| Gross operating margin | 9900 | €-243k |
| Operating result | 9901 | €-244k |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €-248k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €-250k |
| Result to be appropriated | 9905 | €-250k |
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.
Health barometer
FY 2025 · computed25
/ 100
Weak
Computed from 4 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 2025. Indicative, not credit advice.
Directors
Directors & mandates
No directors on record
No directors or mandates are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.
Statutory auditor
1 auditor| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| FIGURAD BEDRIJFSREVISOREN Statutory auditor · represented by Stefaan Beirens |
- | 01-01-2015 → 03-08-2015 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Groothandel in diamant en andere edelstenen(46861) |
| Legal form | Private limited company(610) |
| Incorporation | 01-10-1996 |
| Status | Active |
| Postal code | 2018 |
Structure & network
Connections & network
5 connected companiesNetwork connections
Shared address
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Shared address
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Shared address
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Shared address
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Show 1 more network connections
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationB.S. GEMS B.V.B.A.
since 19962.078.614.978
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area3,046 m²
Buildings1
Building footprint2,904 m²
Volume (LiDAR)74,659 m³
Tallest building46.0 m · ±8 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1178/00S008 | Flanders | 3,046 m² | 1 · 2,904 m² | 46.0 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.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
4 acts Address history · 1
12-07-2023
v3.2
All acts · 4
updated 3 months ago
2026
05-05-2026 Notarial deed · General meeting · Auditor report · Auditor mandate
- Filing: 2026-04-13 · B.S. GEMS
- Publication: 2026-05-05 · B.S. GEMS
- Notarial deed: 2026-03-16 · B.S. GEMS
- General meeting: 2026-03-16 · B.S. GEMS
- Auditor report: 2026-03-12 · Figurad Bedrijfsrevisoren
- Auditor mandate: 2026-02-19 · Figurad Bedrijfsrevisoren
- Dissolution balance sheet: date: 2025-12-31 · B.S. GEMS
- Dissolution: 2026-03-16 · B.S. GEMS
- Liquidation: 2026-03-16 · B.S. GEMS
- Share distribution: proportioneel aan hun aandelenbezit · B.S. GEMS
- Officer resignation: 2026-03-16 · DESAI Nirajkumar
- Officer discharge: 2026-03-16 · DESAI Nirajkumar
- Approval: 2026-03-16 · B.S. GEMS
- Power of attorney: 2026-03-16 · B.S. GEMS
- Real estate declaration: nee · B.S. GEMS
- Act object: ONTBINDING & VEREFFENING IN ÉÉN AKTE
Summary:
Notarial deed · General meeting · Auditor report · Auditor mandateNotary:
Melissa Saelens
2023
12-07-2023 Registered office moved within Antwerpen
- Hoveniersstraat 30, 2018 Antwerpen → Hoveniersstraat 30, 2018 Antwerpen
Summary:
v3.2
2015
03-08-2015 Stefaan Beirens appointed as statutory auditor
2004
10-06-2004 Publication in the Belgian Official Gazette, Minor change
Summary:
Capital increaseNotary:
Marc DENS · AntwerpenFirm:
Michel SMETS - Marc DENS
Analysis
Financial profile
5 of 5 axes measured58
/ 100
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
25
Profitability
100
Solvency
33
Growth
32
Stability
100
Credit advice
verdict per customer and amountSimilar
Similar companies
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BE 0793.277.579 · Hasselt
We hold annual accounts for 114 of the 1,238 companies in this sector. 53 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Groothandel in diamant en andere edelstenen46861Groothandel in diamant51561
Primary activity highlighted.
Names & trade names
| Legal nameNL | B.S. GEMS |
Registered office
Hoveniersstraat 30 bus 167
2018 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.