NORMAL SITUATION

GEMCO

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Financial year 2025 · closed on 15/12/2025

Net result

-68,4 k €

-112.9% YoY

Gross margin

-57,1 k €

-107.3% YoY

Equity

861,4 k €

-7.4% YoY

Company — Normal situation.

What does GEMCO do?

GEMCO is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.797.865

Legal form

Public limited company

Contributed capital

136 370,26 €

Latest accounts

15/12/2025

Joint committees (3)

Signals

Solid equityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-57,1 k €	-107%	782,2 k €	+1003%	70,9 k €	-31.6%	103,6 k €	-23.9%	136,1 k €	-24.3%	179,9 k €	-0.7%	181,2 k €	+24.1%	146 k €	-60.7%	371,4 k €	-5.8%	394,1 k €	+6.9%	368,8 k €	+9.3%	337,3 k €	-6.6%	361,1 k €	-20.4%	453,6 k €	-3.7%	470,8 k €	-24.8%	626,4 k €	+59.4%	392,9 k €	-15.1%	462,8 k €	-30.8%	668,3 k €	+84.4%	362,3 k €
EBITDA	-118,4 k €	-115%	772,1 k €	+2238%	33 k €	+215%	10,5 k €	-74.1%	40,5 k €	-43.9%	72,2 k €	+8.8%	66,3 k €	+1743%	3,6 k €	-98.1%	188,5 k €	+12.9%	166,9 k €	+67.8%	99,5 k €	+90.6%	52,2 k €	+167%	19,6 k €	+289%	-10,4 k €	-141%	25,3 k €	-85.9%	179,8 k €	+49.5%	120,2 k €	+95.7%	61,4 k €	-75.8%	254,4 k €	+408%	50,1 k €
Operating result	-118,4 k €	-115%	769 k €	+5445%	13,9 k €	+177%	-18 k €	-882%	-1,8 k €	-111%	17,2 k €	+272%	4,6 k €	+118%	-25,7 k €	-117%	150,6 k €	+8.8%	138,4 k €	+140%	57,8 k €	-17.8%	70,3 k €	+360%	-27,1 k €	+72.5%	-98,5 k €	-224%	-30,4 k €	-125%	121,8 k €	+98.3%	61,4 k €	+109%	29,4 k €	-85.2%	198,4 k €	+1974%	-10,6 k €
Net result	-68,4 k €	-113%	528,7 k €	+7577%	6,9 k €	+131%	-21,9 k €	-373%	-4,6 k €	-200%	4,6 k €	+152%	-8,9 k €	+71.3%	-31 k €	-137%	84,7 k €	-33.2%	126,8 k €	+146%	51,6 k €	-12.6%	59,1 k €	+232%	-44,7 k €	+67.1%	-135,7 k €	-85.8%	-73 k €	-200%	73,2 k €	+91.8%	38,2 k €	+205%	12,5 k €	-90.3%	128,7 k €	+551%	-28,5 k €
Balance sheet
Equity	861,4 k €	-7.4%	929,7 k €	+132%	401 k €	+1.7%	394,1 k €	+5.4%	373,9 k €	-1.2%	378,6 k €	+1.2%	373,9 k €	-2.3%	382,8 k €	-7.5%	413,9 k €	+25.7%	329,2 k €	+62.7%	202,4 k €	+34.3%	150,7 k €	+64.5%	91,6 k €	-32.8%	136,3 k €	-49.9%	272 k €	-21.2%	345 k €	+7.2%	321,8 k €	+13.5%	283,6 k €	+4.6%	271,1 k €	+40.9%	192,4 k €
Total assets	861,4 k €	-14.5%	1 M €	+107%	486 k €	+0.5%	483,4 k €	-3.5%	500,7 k €	-6.9%	537,7 k €	-13.2%	619,4 k €	-20.7%	780,9 k €	+6.2%	735,6 k €	-24.1%	968,7 k €	-7.3%	1 M €	+9.3%	956,2 k €	-9.1%	1,1 M €	-43.1%	1,8 M €	-0.2%	1,9 M €	-12.8%	2,1 M €	+48.4%	1,4 M €	-16.8%	1,7 M €	+31.1%	1,3 M €	+19.7%	1,1 M €
Cash	15,7 k €	-88.8%	140,3 k €	-11.9%	159,1 k €	+18.9%	133,8 k €	-43.8%	238 k €	+1531%	14,6 k €	+193%	5 k €	-30.5%	7,2 k €	-92.6%	96,5 k €	+279%	25,5 k €	+162%	9,7 k €	-87.2%	76 k €	+213%	24,2 k €	-49.4%	47,9 k €	-67.7%	148,3 k €	+486%	25,3 k €	-57.4%	59,4 k €	-20.7%	75 k €	+365%	16,1 k €	-63.9%	44,7 k €
Debts	0 €	-100%	77,5 k €	-6.3%	82,7 k €	-4.6%	86,6 k €	-31.7%	126,8 k €	-19.4%	157,3 k €	-35.9%	245,5 k €	-29.9%	350,1 k €	+73.6%	201,7 k €	-66.6%	603,8 k €	-25.0%	805,5 k €	+2.8%	783,2 k €	-16.5%	938,5 k €	-43.3%	1,7 M €	+8.2%	1,5 M €	-11.2%	1,7 M €	+62.2%	1,1 M €	-15.1%	1,3 M €	+41.5%	884,4 k €	+22.7%	720,6 k €
Other
Workforce	–		1,0 ETP	0.0%	1,0 ETP	-50.0%	2,0 ETP	-28.6%	2,8 ETP	0.0%	2,8 ETP	-6.7%	3,0 ETP	-21.1%	3,8 ETP	-2.6%	3,9 ETP	-18.8%	4,8 ETP	-4.0%	5,0 ETP	-16.7%	6,0 ETP	-9.1%	6,6 ETP	-26.7%	9,0 ETP	-10.0%	10,0 ETP	-3.8%	10,4 ETP	+19.5%	8,7 ETP	-5.4%	9,2 ETP	0.0%	9,2 ETP	+16.5%	7,9 ETP

Governance

Board of directors

Seen on filing of 15/12/2025 · 2 active · 29 ended

Active mandates

Jozef Vandermeersch

Director

Active

Marijke Van Houtte

Director

Active

Ended mandates

Pieter-Jan Vandermeersch

Director · since 31 mai 2022 · until 31 mai 2023

Ended

I.V.L.

Director · since 21 juin 2011 · until 31 mai 2022 · 0432.827.361

Represented by Jozef Vandermeersch

Ended

I.V.L.

Director · since 31 mai 2010 · until 31 mai 2016 · 0432.827.361

Represented by Jozef Vandermeersch

Ended

Jozef Vandermeersch

Managing director · since 31 mai 2010 · until 31 mai 2016

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	15/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/12/2025	11/07/2025	02/10/2024	20/12/2023	27/07/2022	10/06/2021
General meeting	15/12/2025	30/06/2025	19/09/2024	18/08/2023	31/05/2022	31/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

39 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	15/12/2025	15/12/2025	29/12/2025	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	11/07/2025	Dutch	PDF
Abridged model	31/12/2023	19/09/2024	02/10/2024	Dutch	PDF
Abridged modelCorrection	31/12/2022	18/08/2023	20/12/2023	Dutch	PDF
Abridged model	31/12/2022	18/08/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	31/05/2022	27/07/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	10/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	20/07/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	25/06/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	27/08/2018	Dutch	PDF
Abridged model	31/12/2016	31/05/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	18/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	22/07/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	15/07/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	13/07/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	15/07/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	31/05/2009	08/06/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	04/07/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	12/06/2007	Dutch	PDF
Abridged model	31/12/2005	31/05/2006	07/06/2006	Dutch	PDF
Abridged model	31/12/2004	31/05/2005	20/06/2005	Dutch	PDF
Abridged model	31/12/2003	31/05/2004	22/06/2004	Dutch	PDF

View all 39 filings

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 15/12/2025 · 2 active · 29 ended

Active mandates

Jozef Vandermeersch

Director

Active

Marijke Van Houtte

Director

Active

Ended mandates

Pieter-Jan Vandermeersch

Director · since 31 mai 2022 · until 31 mai 2023

Ended

I.V.L.

Director · since 21 juin 2011 · until 31 mai 2022 · 0432.827.361

Represented by Jozef Vandermeersch

Ended

I.V.L.

Director · since 31 mai 2010 · until 31 mai 2016 · 0432.827.361

Represented by Jozef Vandermeersch

Ended

Jozef Vandermeersch

Managing director · since 31 mai 2010 · until 31 mai 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution15/01/2026
ONTBINDING & SLUITING VEREFFENING
PDF
Registered office27/05/2024
Verplaatsing maatschappelijke zetel
PDF
Restructuring06/04/2023
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring06/10/2022
ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates30/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2010
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-68,4 k €↓
2025
Name changeGemco in vereffening
2024
Annual accounts 2024528,7 k €↑
2023
Annual accounts 20236,9 k €↑
2022
Annual accounts 2022-21,9 k €↓
2021
Annual accounts 2021-4,6 k €↓
2021
Name changeGemco
2020
Annual accounts 20204,6 k €↑
2019
Annual accounts 2019-8,9 k €↑
2018
Annual accounts 2018-31 k €↓
2017
Annual accounts 201784,7 k €↓
2016
Annual accounts 2016126,8 k €↑
2015
Annual accounts 201551,6 k €↓
2014
Annual accounts 201459,1 k €↑
2013
Annual accounts 2013-44,7 k €↑
2012
Annual accounts 2012-135,7 k €↓
2011
Annual accounts 2011-73 k €↓
2010
Annual accounts 201073,2 k €↑
2009
Annual accounts 200938,2 k €↑
2008
Annual accounts 200812,5 k €↓
2007
Annual accounts 2007128,7 k €↑
2006
Annual accounts 2006-28,5 k €

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

GEMCO

Overview

What does GEMCO do?

Trend over 20 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline