GEMBA
ActiveGEMBA has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109k and a net result of €20k. Equity is growing by ~34.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 31292 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▼-7
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 10.6 against 6.16 in 2024), and 7.4% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.6%
Return on assets
17.3%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
26 d late
2023
12 d late
2022
111 d early
2021
2 d early
2020
44 d early
2019
14 d early
← before the deadline
after the deadline →
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
09-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€109k▲ 23.0%
2024 · €89k
2018: €15k
2019: €16k
2020: €25k
2021: €58k
2022: €80k
2023: €70k
2024: €89k
2018 → 2025
Total assets
€118k▲ 17.2%
2024 · €101k
2018: €41k
2019: €40k
2020: €44k
2021: €66k
2022: €87k
2023: €84k
2024: €101k
2018 → 2025
Net result
€20k▲ 11.2%
2024 · €18k
2018: €-8k
2019: €201
2020: €10k
2021: €32k
2022: €22k
2023: €16k
2024: €18k
2018 → 2025
Working capital
€84k▲ 37.8%
2024 · €61k
2018: €21k
2019: €23k
2020: €34k
2021: €24k
2022: €49k
2023: €36k
2024: €61k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€58k-€80k▲ 38.3%€70k▼ 11.8%€89k▲ 26.0%€109k▲ 23.0%
Operating result€34k-€32k▼ 6.2%€26k▼ 17.8%€29k▲ 11.9%€32k▲ 11.6%
Net result€32k-€22k▼ 32.0%€16k▼ 29.2%€18k▲ 17.2%€20k▲ 11.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 12% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118k
Fixed assets
€25k▼ 9.7%
Current assets
€93k▲ 27.4%
Equity and liabilities €118k
Equity
€109k▲ 23.0%
Debt
€9k▼ 26.0%
The debt ratio falls from 11.8% to 7.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€42k▲
2024 · €37k
Cash flow
€30k▲
2024 · €27k
Solvency
92.6%▲
2024 · 88.2%
Current ratio
10.60▲
2024 · 6.16
Quick ratio
10.60▲
2024 · 6.16
Debt / equity
0.08▼
2024 · 0.13
ROE
18.7%▼
2024 · 20.6%
ROA
17.3%▼
2024 · 18.2%
Interest coverage
339.38▼
2024 · 3749021.00
Debt
€9k▼
2024 · €12k
Debt ≤ 1 year
€9k▼
2024 · €12k
Income taxes
€12k▲
2024 · €11k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€101k€118k▲
Fixed assets21/28€28k€25k▼
Tangible fixed assets22/27€25k€22k▼
Furniture and vehicles24€23k€20k▼
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€3k€3k=
Current assets29/58€73k€93k▲
Amounts receivable within one year40/41€21k€15k▼
Trade receivables40€21k€15k▼
Other amounts receivable41€0-
Cash at bank and in hand54/58€52k€77k▲
Deferred charges and accrued income490/1€209€446▲
Equity and liabilities
Total equity and liabilities10/49€101k€118k▲
Equity10/15€89k€109k▲
Contributions10/11€42k€42k=
Reserves13€46k€66k▲
Distributable reserves133€46k€66k▲
Profit (loss) carried forward14€1k€1k▲
Amounts payable17/49€12k€9k▼
Amounts payable within one year42/48€12k€9k▼
Trade debts44€2k€628▼
Suppliers440/4€2k€628▼
Taxes, remuneration and social security45€9k€7k▼
Taxes450/3€9k€7k▼
Other amounts payable47/48€1k€1,000▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€10k▲
Other operating charges640/8€2k€832▼
Non-recurring operating charges66A-€646
Gross operating margin9900€39k€44k▲
Operating profit (loss)9901€29k€32k▲
Financial income75/76B€169€265▲
Recurring financial income75€169€265▲
Financial charges65/66B€0€125▲
Recurring financial charges65€0€125▲
Profit (loss) for the period before taxes9903€29k€33k▲
Income taxes67/77€11k€12k▲
Profit (loss) for the period9904€18k€20k▲
Profit (loss) for the period to be appropriated9905€18k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€21k▲
Profit (loss) brought forward from the previous period14P€707€1k▲
Transfer from equity791/2€0-
Transfer to equity691/2€18k€20k▲
To other reserves6921€18k€20k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Equity above €100kEq €109k ▲23%
7 profitable years in a row build equity to €109k.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
11-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 8.09
Current ratio from 3.82 to 8.09; short-term debt falls from €9k to €7k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €32k ▲239%
Operating result €34k, net result €32k, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €201
Net result €201 after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Gent · 1 establishment unit since 2002
Ground area
134 m²
Building footprint
133 m²
Volume, LiDAR
1,315 m³
Parcel 44805E0571/02F002, Flanders · tallest building 15.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Citadellaan 43, 9000 Gent
since 20022.115.398.071
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44805E0571/02F002 | Flanders | 134 m² | 1 · 133 m² | 15.5 m · 4 fl. |
Linked by address, not proof of ownership
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.
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Of 82,169 companies in sector 70200 we hold annual accounts for 52,371. 40,581 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-10-2002
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 09-09-2026. Scores and ratios are computed by Checked and are not a credit decision.