GEMIVAR
ActiveSummary
GEMIVAR has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €459k and a net result of €566k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 56% of 1736 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+23
Solvency72▲+57
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.26 against 0.44 in 2024; short-term debt: 44.2% and cash: 96.4% of total assets), but 53% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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
47%
Return on assets
58%
Age of the figures
9 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 · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
1 d early
2023
1 d early
2022
on the day
2021
2 d early
2020
31 d early
2019
61 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€459k
2024 · €-97k
2018: €-193k
2019: €-254k
2020: €-343k
2021: €-483k
2022: €-363k
2023: €-162k
2024: €-97k
2018 → 2025
Total assets
€976k▼ 3.6%
2024 · €1.01M
2018: €1.33M
2019: €1.26M
2020: €1.15M
2021: €938k
2022: €1.04M
2023: €990k
2024: €1.01M
2018 → 2025
Net result
€566k▲ 767%
2024 · €65k
2018: €-159k
2019: €-62k
2020: €-89k
2021: €-140k
2022: €120k
2023: €201k
2024: €65k
2018 → 2025
Working capital
€545k
2024 · €-550k
2018: €-885k
2019: €-835k
2020: €-842k
2021: €-945k
2022: €-775k
2023: €-678k
2024: €-550k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-483k-€-363k▲ 24.8%€-162k▲ 55.3%€-97k▲ 40.2%€459k
Operating result€-133k-€126k€226k▲ 79.8%€74k▼ 67.2%€612k▲ 725%
Net result€-140k-€120k€201k▲ 67.5%€65k▼ 67.5%€566k▲ 767%
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 recovers in 2025; 2025 is 725% above 2024 and is the highest result in the available series.
Balance-sheet composition
Equity and liabilities €976k
Equity
€459k
Debt
€517k
Debt finances 53.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€612k▲
2024 · €152k
Cash flow
€566k▲
2024 · €144k
Current ratio
2.26▲
2024 · 0.44
Debt to equity
1.13▲
2024 · -11.43
ROE
123.3%
ROA
58.0%▲
2024 · 6.4%
Interest coverage
21.19▼
2024 · 45.97
Debt ≤ 1 year
€431k▼
2024 · €986k
Debt > 1 year
€83k▼
2024 · €108k
Income taxes
€17k▲
2024 · €6k
Staff costs
€479▲
2024 · €157
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.01M€976k▼
Fixed assets21/28€577k€0▼
Tangible fixed assets22/27€577k€0▼
Land and buildings22€561k€0▼
Plant, machinery and equipment23€16k€0▼
Financial fixed assets28€0-
Current assets29/58€436k€976k▲
Stocks and contracts in progress3€222k€0▼
Stocks30/36€222k€0▼
Amounts receivable within one year40/41€126k€35k▼
Trade receivables40€126k€0▼
Other amounts receivable41€105€35k▲
Cash at bank and in hand54/58€87k€941k▲
Deferred charges and accrued income490/1€170€256▲
Equity and liabilities
Total equity and liabilities10/49€1.01M€976k▼
Equity10/15€-97k€459k▲
Contributions10/11€400k€400k=
Reserves13€255k€297k▲
Tax-exempt reserves132-€42k
Distributable reserves133€255k€255k=
Profit (loss) carried forward14€-752k€-238k▲
Amounts payable17/49€1.11M€517k▼
Amounts payable after more than one year17€108k€83k▼
Financial debts170/4€108k€83k▼
Amounts payable within one year42/48€986k€431k▼
Current portion of amounts payable after more than one year42€25k€25k=
Trade debts44€20k€2k▼
Suppliers440/4€20k€2k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€8k€15k▲
Taxes450/3€8k€15k▲
Other amounts payable47/48€933k€390k▼
Accrued charges and deferred income492/3€15k€3k▼
Income statement
Code20242025
Non-recurring operating income76A-€674k
Remuneration, social security and pensions62€157€479▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€0▼
Other operating charges640/8€8k€6k▼
Non-recurring operating charges66A€578€0▼
Gross operating margin9900€161k€618k▲
Operating profit (loss)9901€74k€612k▲
Financial income75/76B€905€272▼
Recurring financial income75€905€272▼
Financial charges65/66B€3k€29k▲
Recurring financial charges65€3k€29k▲
Profit (loss) for the period before taxes9903€72k€583k▲
Income taxes67/77€6k€17k▲
Profit (loss) for the period9904€65k€566k▲
Transfer to tax-exempt reserves689-€42k
Profit (loss) for the period to be appropriated9905€65k€524k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-687k€-228k▲
Profit (loss) brought forward from the previous period14P€-752k€-752k▲
Transfer to equity691/2€65k€0▼
To other reserves6921€65k€0▼
Profit to be distributed694/7-€10k
Directors or managers695-€10k
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (18 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €566k ▲767%
Operating result €612k, net result €566k, both a record.
31-12
Financial
Liquidity times 5current ratio 2.26
Current ratio from 0.44 to 2.26; short-term debt falls from €986k to €431k.
31-12
Financial
Equity above €200kEq €459k
4 profitable years in a row build equity to €459k.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €120k
Net result €120k after 4 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Vleteren · 1 establishment unit since 2010
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.
Poperingestraat(Woes) 788640 VleterenGround area
2.2 ha
Building footprint
596 m²
Volume, LiDAR
3,276 m³
2 parcels, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gemivar
since 20102.185.332.596
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33018B0093/00E000 | Flanders | 2.1 ha | 1 · 393 m² | 7.0 m · 2 fl. |
| 33033A0724/00L000 | Flanders | 1,297 m² | 1 · 203 m² | 7.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 457 EUR awarded · 457 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 457 EUR | 457 EUR |
Schemes
Investeringssteun voor land- en tuinbouwers
Similar companies · same sector, comparable size
ARMAGIL
BE 0808.383.449
Alveringem · Eq €467,612
BUNDING
BE 0479.887.011
Wingene · Eq €448,120
MARCKELBACH
BE 0506.757.989
Wellen · Eq €448,094
HUISAKKER
BE 0449.567.284
Wingene · Eq €440,111
CHRISTIAN DELIEGE
BE 0476.334.534
Durbuy · Eq €479,911
Of 587 companies in sector 01462 we hold annual accounts for 213. 186 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded11-02-2010
Fiscal year end31-12
Activities, NACEBEL 2025
01462Crop and animal production, hunting and related service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.