GEMA DEVELOPPEMENT
ActiveGEMA DEVELOPPEMENT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €146.28M and a net result of €112k. Equity remains stable across the filed fiscal years (±0% per year). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability38=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity tight (current ratio 1.0 against 1.1 in 2023; short-term debt: 21.5% and cash: 0% of total assets), and 21.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
78.5%
Return on assets
0.1%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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
not confirmed
2024
30 d late
2023
60 d late
2022
25 d late
2021
28 d early
2020
3 d late
2019
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€112k▲ 0.2%
2023 · €111k
2018: €3k
2019: €1k
2020: €-1k
2021: €-2k
2022: €14k
2023: €111k
2018 → 2024
Working capital
€43k▼ 99.0%
2023 · €4.43M
2018: €3.97M
2019: €3.97M
2020: €4.31M
2021: €4.31M
2022: €4.32M
2023: €4.43M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€146.04M-€146.04M=€146.06M=€146.17M▲ 0.1%€146.28M▲ 0.1%
Operating result€-3k-€-3k▲ 12.4%€-3k▼ 0.5%€-4k▼ 45.2%€-9k▼ 141%
Net result€-1k-€-2k▼ 34.9%€14k€111k▲ 673%€112k▲ 0.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2024 against €4k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €186.30M
Fixed assets
€146.24M▲ 3.2%
Current assets
€40.06M▼ 17.6%
Equity and liabilities €186.30M
Equity
€146.28M▲ 0.1%
Debt
€40.02M▼ 9.4%
The debt ratio falls from 23.2% to 21.5%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
78.5%▲
2023 · 76.8%
Current ratio
1.00▼
2023 · 1.10
Quick ratio
1.00▼
2023 · 1.10
Debt / equity
0.27▼
2023 · 0.30
ROE
0.1%▲
2023 · 0.1%
ROA
0.1%▲
2023 · 0.1%
Debt
€40.02M▼
2023 · €44.19M
Debt ≤ 1 year
€40.02M▼
2023 · €44.19M
Income taxes
€57k▲
2023 · €41k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€190.35M€186.30M▼
Fixed assets21/28€141.74M€146.24M▲
Financial fixed assets28€141.74M€146.24M▲
Current assets29/58€48.62M€40.06M▼
Amounts receivable within one year40/41€48.62M€40.06M▼
Other amounts receivable41€48.62M€40.06M▼
Cash at bank and in hand54/58€11€69▲
Equity and liabilities
Total equity and liabilities10/49€190.35M€186.30M▼
Equity10/15€146.17M€146.28M▲
Contributions10/11€126.38M€126.38M=
Reserves13€1.11M€1.11M=
Non-distributable reserves130/1€1.11M€1.11M=
Reserves not available under the articles1311€1.11M€1.11M=
Profit (loss) carried forward14€18.68M€18.79M▲
Amounts payable17/49€44.19M€40.02M▼
Amounts payable within one year42/48€44.19M€40.02M▼
Trade debts44€3k€6k▲
Suppliers440/4€3k€6k▲
Taxes, remuneration and social security45€41k€57k▲
Taxes450/3€41k€57k▲
Other amounts payable47/48€44.14M€39.96M▼
Income statement
Code20232024
Other operating charges640/8€960€968▲
Gross operating margin9900€-3k€-8k▼
Operating profit (loss)9901€-4k€-9k▼
Financial income75/76B€1.54M€2.38M▲
Recurring financial income75€1.54M€2.38M▲
Financial charges65/66B€1.38M€2.21M▲
Recurring financial charges65€1.38M€2.21M▲
Profit (loss) for the period before taxes9903€152k€169k▲
Income taxes67/77€41k€57k▲
Profit (loss) for the period9904€111k€112k▲
Profit (loss) for the period to be appropriated9905€111k€112k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18.68M€18.79M▲
Profit (loss) brought forward from the previous period14P€18.57M€18.68M▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
31-12
Financial
Highest result since 2018net €112k ▲0.2%
Net result €112k, the highest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 60 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 25 days late
2022
31-12
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
03-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 3 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 23 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Brussel · 1 establishment unit since 2006
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.
Terkamerenlaan 171000 BrusselGround area
2,428 m²
Building footprint
483 m²
Volume, LiDAR
13,176 m³
2 parcels, Brussels · tallest building 42.2 m, ±12 floors. Linked by address, not a title deed.
1 establishment unit
GEMA DEVELOPPEMENT
since 20062.151.315.983
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0213/00V002 | Brussels | 2,100 m² | 1 · 330 m² | 42.2 m · 12 fl. |
| 21822R0307/00D002 | Brussels | 327 m² | 1 · 153 m² | 21.7 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-09-2005
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.