Checked.be
Active
BE 0461.325.763Public limited company
GEMILO
Molenmeers 2-4 ·8000 Brugge, Belgium· 29 yrs active
Sector: Hotels and similar accommodation
(55100)
Conclusion
GEMILO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.03M and a net result of €794. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 82% of 668 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €1.03M |
| Net result | €794 |
| Better than sector | 82% |
| Active | 29 yrs |
Financial profile
55
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
56
Profitability
0
Solvency
68
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1997, 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.
Checked score
56
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€60k
estimate, not credit advice
Score history
63
2021
40
2022
64
2023
56
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.57 (< 1.0)
-10
Quick ratio
Quick ratio 0.20 (< 0.6)
-5
Leverage
Debt/equity 0.45 (< 1.0)
+10
Profitability
ROE 0%
+3
Interest coverage
Interest coverage 4.3× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 4 fiscal years (±2%/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).
Sector comparison
Fiscal year 2024 · NACE 55, Accommodation · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 68.5% | 29.0% | |
| Net result | €794 | €17k | |
| Equity | €1.03M | €273k | |
| Gross operating margin | €365k | €412k | |
| Staff costs | €212k | €337k |
€143k
-22.4%
21-24
€794
-98.9%
21-24
€111k
-38.7%
21-24
€1.50M
-3.2%
21-24
€1.03M
+0.1%
21-24
€-135k
-10.0%
21-24
6
-
21-24
€212k
-8.5%
21-24
€461k
-9.1%
21-24
€315k
+17.1%
21-24
€147k
-38.6%
21-24
0.57
+5.1%
21-24
0.20
-5.6%
21-24
68.5%
+3.4%
21-24
0.45
-9.2%
21-24
0.1%
-98.9%
21-24
0.1%
-98.9%
21-24
4.35
-90.3%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €143k | €185k | €82k | €284k |
| Net profit | €794 | €75k | €-26k | €180k |
| Cash flow | €111k | €181k | €71k | €274k |
| Staff costs | €212k | €232k | €243k | €151k |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €1.50M | €1.55M | €1.60M | €1.66M |
| Equity | €1.03M | €1.03M | €951k | €978k |
| Debt | €461k | €508k | €622k | €660k |
| of which ≤ 1y | €315k | €269k | €348k | €251k |
| of which > 1y | €147k | €239k | €274k | €409k |
| Working capital | €-135k | €-123k | €-224k | €-73k |
| Employees (FTE) | - | - | - | 5.7 |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.57 | 0.54 | 0.36 | 0.71 |
| Quick ratio | 0.20 | 0.21 | 0.15 | 0.51 |
| Working capital ratio | -9.0% | -7.9% | -14.0% | -4.4% |
| Solvency | 68.5% | 66.3% | 59.5% | 58.8% |
| Debt / equity | 0.45 | 0.49 | 0.65 | 0.68 |
| Long-term debt ratio | 0.14 | 0.23 | 0.29 | 0.42 |
| Interest coverage | 4.35 | 44.86 | 7.69 | 27.09 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 0.1% | 4.8% | -1.6% | 10.8% |
| ROE | 0.1% | 7.3% | -2.8% | 18.4% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.50M | €1.55M | €1.60M | €1.66M |
| Fixed assets | 21/28 | €1.32M | €1.40M | €1.48M | €1.49M |
| Tangible fixed assets | 22/27 | €1.32M | €1.40M | €1.48M | €1.49M |
| Current assets | 29/58 | €179k | €146k | €124k | €178k |
| Stocks & contracts in progress | 3 | €117k | €89k | €70k | €50k |
| Amounts receivable within one year | 40/41 | €63k | €55k | €48k | €35k |
| Cash & bank | 54/58 | - | - | - | €92k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.50M | €1.55M | €1.60M | €1.66M |
| Equity | 10/15 | €1.03M | €1.03M | €951k | €978k |
| Contributions / capital | 10/11 | €664k | €664k | €664k | €664k |
| Reserves | 13 | €363k | €362k | €287k | €313k |
| Provisions & deferred taxes | 16 | €10k | €15k | €26k | €26k |
| Amounts payable | 17/49 | €461k | €508k | €622k | €660k |
| Amounts payable after one year | 17 | €147k | €239k | €274k | €409k |
| Amounts payable within one year | 42/48 | €315k | €269k | €348k | €251k |
| Trade debts payable within one year | 44 | €40k | €149k | €196k | €189k |
| Income statement | |||||
| Gross operating margin | 9900 | €365k | €420k | €330k | €433k |
| Operating result | 9901 | €33k | €79k | €-16k | €190k |
| Financial income | 75 | €400 | €4 | - | - |
| Financial charges | 65 | €33k | €4k | €11k | €10k |
| Result before taxes | 9903 | €794 | €75k | €-26k | €180k |
| Net result for the period | 9904 | €794 | €75k | €-26k | €180k |
| Result to be appropriated | 9905 | €794 | €75k | €-26k | €180k |
Legal Structure
| NACE primary | Hotels and similar accommodation(55100) |
| Legal form | Public limited company(014) |
| Incorporation | 20-08-1997 |
| Status | Active |
| Postal code | 8000 |
Establishment units
De Refter
since 19972.083.336.801
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31005A0485/00F000 | Flanders | 353 m² | 1 · 208 m² | 14.0 m · 3 fl. |
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.
Updates
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 145 days late
05-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 249 days late
2023
31-12
Financial
Back to profitnet €75k
Net result €75k after one loss-making year.
31-12
Financial
Equity above €1MEq €1.03M ▲7.9%
Equity rises from €951k to €1.03M.
2022
31-12
Financial
Weakest financial yearnet €-26k ▼115%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 144 days late
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 92 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 88 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 91 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 45 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Hotels and similar accommodation55100Hotels55101Full-service restaurants56101Full-service restaurants56111
Names & trade names
| Legal nameNL | GEMILO |
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