GEMM
ActiveGEMM has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €470k and a net result of €122k. Equity is growing by ~56.4% per year across the filed fiscal years. Its solvency ranks better than 50% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability84=
Solvency72▼-28
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days only on tighter terms
Liquidity ample (current ratio 3.66 against 4.7 in 2023; short-term debt: 12.6% and cash: 6.4% of total assets), but 53% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
92 d late
2022
73 d late
2021
101 d late
2020
12 d late
2019
109 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€470k▲ 32.8%
2023 · €354k
2018: €35k
2019: €59k
2020: €109k
2021: €275k
2022: €299k
2023: €354k
2018 → 2024
Total assets
€1.00M▲ 117%
2023 · €461k
2018: €92k
2019: €141k
2020: €225k
2021: €394k
2022: €381k
2023: €461k
2018 → 2024
Net result
€122k▲ 112%
2023 · €58k
2018: €7k
2019: €27k
2020: €103k
2021: €175k
2022: €26k
2023: €58k
2018 → 2024
Working capital
€335k▲ 21.4%
2023 · €276k
2018: €27k
2019: €54k
2020: €72k
2021: €247k
2022: €267k
2023: €276k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€109k-€275k▲ 151%€299k▲ 9.0%€354k▲ 18.2%€470k▲ 32.8%
Operating result€149k-€251k▲ 68.7%€37k▼ 85.3%€93k▲ 153%€162k▲ 73.6%
Net result€103k-€175k▲ 69.4%€26k▼ 85.1%€58k▲ 122%€122k▲ 112%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 74% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.00M
Fixed assets
€540k▲ 387%
Current assets
€461k▲ 31.5%
Equity and liabilities €1.00M
Equity
€470k▲ 32.8%
Debt
€531k▲ 394%
The debt ratio rises from 23.3% to 53.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€209k▲
2023 · €132k
Cash flow
€169k▲
2023 · €97k
Solvency
47.0%▼
2023 · 76.7%
Current ratio
3.66▼
2023 · 4.70
Quick ratio
3.66▼
2023 · 4.70
Debt / equity
1.13▲
2023 · 0.30
ROE
26.0%▲
2023 · 16.3%
ROA
12.2%▼
2023 · 12.5%
Interest coverage
22.85▲
2023 · 22.09
Debt
€531k▲
2023 · €107k
Debt ≤ 1 year
€126k▲
2023 · €75k
Debt > 1 year
€405k▲
2023 · €33k
Income taxes
€34k▲
2023 · €30k
Staff costs
€106k▲
2023 · €69k
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€461k€1.00M▲
Fixed assets21/28€111k€540k▲
Tangible fixed assets22/27€111k€540k▲
Land and buildings22€0€390k▲
Plant, machinery and equipment23€6k€6k▼
Furniture and vehicles24€105k€143k▲
Current assets29/58€351k€461k▲
Amounts receivable within one year40/41€300k€397k▲
Trade receivables40€186k€279k▲
Other amounts receivable41€114k€118k▲
Cash at bank and in hand54/58€50k€64k▲
Equity and liabilities
Total equity and liabilities10/49€461k€1.00M▲
Equity10/15€354k€470k▲
Contributions10/11€19k€19k=
Reserves13€310k€310k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€0-
Other1319€2k€2k=
Distributable reserves133€308k€308k=
Profit (loss) carried forward14€25k€141k▲
Amounts payable17/49€107k€531k▲
Amounts payable after more than one year17€33k€405k▲
Financial debts170/4€33k€405k▲
Amounts payable within one year42/48€75k€126k▲
Current portion of amounts payable after more than one year42€11k€42k▲
Trade debts44€11k€0▼
Suppliers440/4€11k€0▼
Taxes, remuneration and social security45€51k€80k▲
Taxes450/3€40k€57k▲
Remuneration and social security454/9€10k€23k▲
Other amounts payable47/48€2k€4k▲
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€69k€106k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€47k▲
Other operating charges640/8€15k€14k▼
Non-recurring operating charges66A€0€5k▲
Gross operating margin9900€217k€333k▲
Operating profit (loss)9901€93k€162k▲
Financial income75/76B€540€4k▲
Recurring financial income75€540€162▼
Non-recurring financial income76B-€4k
Financial charges65/66B€6k€9k▲
Recurring financial charges65€6k€9k▲
Profit (loss) for the period before taxes9903€88k€156k▲
Income taxes67/77€30k€34k▲
Profit (loss) for the period9904€58k€122k▲
Profit (loss) for the period to be appropriated9905€58k€122k▲
Appropriation of the result
Profit (loss) to be appropriated9906€83k€148k▲
Profit (loss) brought forward from the previous period14P€25k€25k=
Transfer to equity691/2€55k€0▼
To other reserves6921€55k€0▼
Profit to be distributed694/7€3k€6k▲
Return on contributions (dividend)694€3k€6k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 73 days late
2022
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 101 days late
2021
31-12
Financial
Highest result since 2018net €175k ▲69.4%
Operating result €251k, net result €175k, both a record.
31-12
Financial
Equity above €200kEq €275k ▲151%
4 profitable years in a row build equity to €275k.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Equity above €100kEq €109k ▲84.8%
3 profitable years in a row build equity to €109k.
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 109 days late
2019
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 50 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2007
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.
Akkerbouwstraat 1182170 AntwerpenGround area
557 m²
Building footprint
558 m²
Volume, LiDAR
2,707 m³
Parcel 11422C0123/00T017, Flanders · tallest building 12.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GEMM
since 20072.165.218.756
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422C0123/00T017 | Flanders | 557 m² | 1 · 558 m² | 12.8 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 5,296 EUR awarded · 5,296 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2024 | 1 | 2,663 EUR | 2,663 EUR |
| 2023 | 2 | 1,633 EUR | 1,633 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
8 live approvals · 4 endedElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Installateur elektrotechnische basiscomponenten duaal (so)
Onthaal, organisatie en sales duaal (so)
Show 2 more
Polyvalent administratief ondersteuner (vwo)
Polyvalent administratief ondersteuner duaal (so)
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 6,630 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-07-2007
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
47792Retail sale of second-hand clothing
52502
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:gemm1988@gmail.com