GemVentures 1
ActiveSummary
The computed 12-month bankruptcy probability of GemVentures 1 is 1.5% (moderate). For GemVentures 1, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €639k and a net result of €65k. Equity remains stable across the filed fiscal years (±1% per year). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability62▲+33
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
98.7%
Return on assets
10%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 24-07-2024, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
7 d early
2022
26 d early
2021
6 d early
2020
61 d late
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€65k
2022 · €-20k
2018: €-37klowest in 6 years
2019: €-31k▲ +16.4% vs 2018
2020: €19k▲ +162% vs 2019
2021: €-25k▼ -233% vs 2020
2022: €-20k▲ +19.5% vs 2021
2023: €65k▲ +415% vs 2022highest in 6 years
2018 → 2023
Working capital
€370k▲ 20.5%
2022 · €307k
2018: €355k
2019: €324k▼ -8.7% vs 2018
2020: €352k▲ +8.7% vs 2019
2021: €327k▼ -7.0% vs 2020
2022: €307k▼ -6.3% vs 2021lowest in 6 years
2023: €370k▲ +20.5% vs 2022highest in 6 years
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€601k-€620k▲ 3.2%€595k▼ 4.1%€575k▼ 3.4%€639k▲ 11.2%
2019: €601k
2020: €620k▲ +3.2% vs 2019
2021: €595k▼ -4.1% vs 2020
2022: €575k▼ -3.4% vs 2021lowest in 5 years
2023: €639k▲ +11.2% vs 2022highest in 5 years
Operating result€-34k-€-27k▲ 20.9%€-25k▲ 6.5%€-21k▲ 16.8%€-17k▲ 18.0%
2019: €-34klowest in 5 years
2020: €-27k▲ +20.9% vs 2019
2021: €-25k▲ +6.5% vs 2020
2022: €-21k▲ +16.8% vs 2021
2023: €-17k▲ +18.0% vs 2022highest in 5 years
Net result€-31k-€19k€-25k€-20k▲ 19.5%€65k
2019: €-31klowest in 5 years
2020: €19k▲ +162% vs 2019
2021: €-25k▼ -233% vs 2020
2022: €-20k▲ +19.5% vs 2021
2023: €65k▲ +415% vs 2022highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2023 against €21k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €647k
Fixed assets
€277k =
Current assets
€370k ▲ 20.4%
Equity and liabilities €647k
Equity
€639k ▲ 11.2%
Debt
€8k ▼ 18.4%
Debt's share of the balance-sheet total falls from 1.7% to 1.3%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.01▼
2022 · 0.02
ROE
10.1%▲
2022 · -3.6%
ROA
10.0%▲
2022 · -3.5%
Debt ≤ 1 year
€0▼
2022 · €348
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 · 2023 against 2022 · 35 lines
Balance sheet
Code20222023
Assets
Total assets20/58€585k€647k▲
Fixed assets21/28€277k€277k=
Financial fixed assets28€277k€277k=
Current assets29/58€307k€370k▲
Amounts receivable within one year40/41€303k€312k▲
Other amounts receivable41€303k€312k▲
Cash at bank and in hand54/58€4k€58k▲
Equity and liabilities
Total equity and liabilities10/49€585k€647k▲
Equity10/15€575k€639k▲
Contributions10/11€409k€409k=
Capital10€262k€262k=
Issued capital100€262k€262k=
Outside capital11€147k€147k=
Share premium1100/10€147k€147k=
Reserves13€26k€26k=
Non-distributable reserves130/1€26k€26k=
Legal reserve130€26k€26k=
Profit (loss) carried forward14€140k€204k▲
Amounts payable17/49€10k€8k▼
Amounts payable within one year42/48€348€0▼
Trade debts44€348€0▼
Suppliers440/4€348€0▼
Accrued charges and deferred income492/3€10k€8k▼
Income statement
Code20222023
Other operating charges640/8€348€384▲
Gross operating margin9900€-20k€-17k▲
Operating profit (loss)9901€-21k€-17k▲
Financial income75/76B€871€82k▲
Recurring financial income75€871€82k▲
Financial charges65/66B€580€703▲
Recurring financial charges65€580€703▲
Profit (loss) for the period before taxes9903€-20k€65k▲
Profit (loss) for the period9904€-20k€65k▲
Profit (loss) for the period to be appropriated9905€-20k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€140k€204k▲
Profit (loss) brought forward from the previous period14P€160k€140k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €347 | €348 | €384 | ▲ 10.6% |
| Gross operating margin9900 | - | - | €-25k | €-20k | €-17k | ▲ 18.5% |
| Operating profit (loss)9901 | €-34k | €-27k | €-25k | €-21k | €-17k | ▲ 18.0% |
| Financial income75/76B | - | - | - | €871 | €82k | ▲ 9,341% |
| Recurring financial income75 | €3k | €514 | - | €871 | €82k | ▲ 9,341% |
| Financial charges65/66B | - | - | €481 | €580 | €703 | ▲ 21.1% |
| Recurring financial charges65 | €481 | €496 | €481 | €580 | €703 | ▲ 21.1% |
| Profit (loss) for the period before taxes9903 | €-31k | €19k | €-25k | €-20k | €65k | ▲ 415% |
| Profit (loss) for the period9904 | €-31k | €19k | €-25k | €-20k | €65k | ▲ 415% |
| Profit (loss) for the period to be appropriated9905 | €-31k | €19k | €-25k | €-20k | €65k | ▲ 415% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €611k | €632k | €608k | €585k | €647k | ▲ 10.7% |
| Fixed assets21/28 | €277k | €277k | €277k | €277k | €277k | = |
| Financial fixed assets28 | €277k | €277k | €277k | €277k | €277k | = |
| Current assets29/58 | €334k | €354k | €331k | €307k | €370k | ▲ 20.4% |
| Amounts receivable after more than one year29 | - | - | €317k | - | - | - |
| Other amounts receivable291 | - | - | €317k | - | - | - |
| Amounts receivable within one year40/41 | €3k | - | - | €303k | €312k | ▲ 3.0% |
| Other amounts receivable41 | - | - | - | €303k | €312k | ▲ 3.0% |
| Cash at bank and in hand54/58 | €14k | €38k | €14k | €4k | €58k | ▲ 1,206% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €611k | €632k | €608k | €585k | €647k | ▲ 10.7% |
| Equity10/15 | €601k | €620k | €595k | €575k | €639k | ▲ 11.2% |
| Contributions10/11 | €262k | €262k | €409k | €409k | €409k | = |
| Capital10 | - | - | €262k | €262k | €262k | = |
| Issued capital100 | - | - | €262k | €262k | €262k | = |
| Outside capital11 | - | - | €147k | €147k | €147k | = |
| Share premium1100/10 | - | - | €147k | €147k | €147k | = |
| Reserves13 | €26k | €26k | €26k | €26k | €26k | = |
| Non-distributable reserves130/1 | - | - | €26k | €26k | €26k | = |
| Legal reserve130 | - | - | €26k | €26k | €26k | = |
| Profit (loss) carried forward14 | €167k | €186k | €160k | €140k | €204k | ▲ 46.2% |
| Amounts payable17/49 | €10k | €11k | €13k | €10k | €8k | ▼ 18.4% |
| Amounts payable within one year42/48 | €10k | €2k | €3k | €348 | €0 | ▼ 100% |
| Trade debts44 | €10k | €2k | €3k | €348 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | €3k | €348 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | €10k | €10k | €8k | ▼ 15.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-31k | €19k | €-25k | €-20k | €65k | ▲ 415% |
| Operating cash flow (approximation) | €-31k | €19k | €-25k | €-20k | €65k | ▲ 415% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | ▼ 100% |
| Change in cash | - | €23k | €-24k | €-10k | €53k | ▲ 658% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €65k
Net result €65k after 2 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 9current ratio 883.82
Current ratio from 97.68 to 883.82; short-term debt falls from €3k to €348.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 153.89
Current ratio from 34.50 to 153.89; short-term debt falls from €10k to €2k.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
06-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 22 acts read
About the unread acts
We know of 22 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
22 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 2000
Ground area
100 m²
Building footprint
99 m²
Volume, LiDAR
2,129 m³
Parcel 21803C0244/00A002, Brussels · tallest building 23.6 m, ±8 floors. Linked by address, not a title deed.
263
companies at this address
See who is registered here
1 establishment unit
Drukpersstraat 4, 1000 Brussel
since 20002.100.963.877
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0244/00A002 | Brussels | 100 m² | 1 · 99 m² | 23.6 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded14-07-2000
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.