ACTIVE

MUNIC GEMS

Financial year 2024 · Closed on 31/12/2024

Net result-52,9 k €+99,0 %over 1 year

Gross margin390,4 k €+107,5 %over 1 year

Equity6,6 M €-0,8 %over 1 year

Identity

Source · BCE/KBO

MUNIC GEMS is a Public limited company incorporated in 1988. Its main activity is: Wholesale of other intermediate products. Its registered office is in Antwerpen.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0435.257.410
Incorporation: 08/09/1988
Legal form: Public limited company
Registered office: Hoveniersstraat 9 box 18
2018 Antwerpen · FlandreSee on map
Contributed capital: 5 126 000,00 €
Latest accounts: 31/12/2024

Activities (NACE)

46761Wholesale of other intermediate products· main 46861Wholesale trade, except of motor vehicles and motorcycles 51561Air transport

Joint committees (3)

Signals

Solid equityGood liquidity

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2024		2023		2022		2021		2020
Income statement
Gross margin	390,4 k €	+108%	-5,2 M €	-596%	-744,6 k €		–		–
EBITDA	-545,6 k €	+89.5%	-5,2 M €	-546%	-805,9 k €	-145%	1,8 M €	+1889%	-100,4 k €
Operating result	370,1 k €	+107%	-5,2 M €	-474%	-903,1 k €	-159%	1,5 M €	+774%	-226,7 k €
Net result	-52,9 k €	+99.0%	-5,2 M €	-65.7%	-3,1 M €	-625%	596,6 k €	+30.7%	456,4 k €
Balance sheet
Equity	6,6 M €	-0.8%	6,7 M €	-43.8%	11,9 M €	-20.9%	15 M €	+4.1%	14,4 M €
Total assets	18,8 M €	-6.7%	20,1 M €	-23.2%	26,2 M €	-13.0%	30,1 M €	+0.7%	29,9 M €
Cash	36,6 k €	+402%	7,3 k €	+9.3%	6,7 k €	-83.1%	39,4 k €	+515%	6,4 k €
Debts	11,9 M €	-10.1%	13,2 M €	-6.3%	14,1 M €	-5.5%	14,9 M €	-2.6%	15,3 M €
Other
Workforce	–		0,2 ETP	-86.7%	1,5 ETP	-11.8%	1,7 ETP	0.0%	1,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2024

2 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Mukesh SHAH	Managing director21/09/2010 → 06/06/2030
Sandhya Mukesh SHAH	Director21/09/2010 → 01/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Nilpa Nitinkumar Shah	Director2009 accounts

Other companies at this address

Hoveniersstraat 9 2018 Antwerpen

Company	CBE no.
Belgian Excellent Diamonds● Active	0463.798.075
CHAN'S DIAMOND● Active	0439.771.769
CHAN'S PRODUCTIONS● Active	0476.640.875
DIAJEWEL● Active	0418.772.556
FELSEN EN ZOON● Active	0406.459.197
Hello Rain● Active	1019.932.135
Jewellery ImpEx● Active	0700.342.968
Marmi● Active	0404.975.988
POLDIAM● Active	0461.938.942
R. & J. Diamonds● Active	0823.814.961
SNOW STAR DIAMOND● Active	0822.903.854
Vereniging van Mede-eigenaars te Antwerpen, Rijfstraat 13/Hoveniersstraat 1-3-5-7-9● Active	0851.264.575

Full financial information

Source · NBB

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/10/2025	20/11/2024	27/10/2023	30/12/2022	07/09/2022	18/03/2021
General meeting	05/06/2025	06/06/2024	01/06/2023	15/12/2022	16/05/2022	12/03/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	05/06/2025	30/10/2025	Dutch	PDF
Abridged model	31/12/2023	06/06/2024	20/11/2024	Dutch	PDF
Abridged model	31/12/2022	01/06/2023	27/10/2023	Dutch	PDF
Full model	31/12/2021	15/12/2022	30/12/2022	Dutch	PDF
Full model	31/12/2020	16/05/2022	07/09/2022	Dutch	PDF
Full model	31/12/2019	12/03/2021	18/03/2021	Dutch	PDF
Full model	31/12/2018	10/01/2020	14/02/2020	Dutch	PDF
Full model	31/12/2017	30/10/2018	27/11/2018	Dutch	PDF
Full model	31/12/2016	15/02/2018	15/03/2018	Dutch	PDF
Full model	31/12/2015	12/12/2016	29/12/2016	Dutch	PDF
Full model	31/12/2014	09/12/2015	22/12/2015	Dutch	PDF
Full model	31/12/2013	28/08/2014	30/09/2014	Dutch	PDF
Full model	31/12/2012	30/09/2013	29/10/2013	Dutch	PDF
Full model	31/12/2011	19/10/2012	02/11/2012	Dutch	PDF
Full model	31/12/2010	29/09/2011	30/09/2011	Dutch	PDF
Full model	31/12/2009	21/09/2010	29/09/2010	Dutch	PDF
Full model	31/12/2008	24/07/2009	31/08/2009	Dutch	PDF
Full model	31/12/2007	12/09/2008	18/09/2008	Dutch	PDF
Full model	31/12/2006	28/09/2007	28/09/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

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.

Board of directors

Source · NBB, accounts to 31/12/2024

2 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Mukesh SHAH	Managing director21/09/2010 → 06/06/2030
Sandhya Mukesh SHAH	Director21/09/2010 → 01/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Nilpa Nitinkumar Shah	Director2009 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates15/07/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates08/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/01/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/10/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates11/01/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/07/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/08/2011
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/02/2011
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Sandhya Mukesh Shah

Mukesh SHAH

Nilpa Nitinkumar Shah

1988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

MUNIC GEMS

Hoveniersstraat 9 bte 18, 2018 Antwerp-2018

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Hoveniersstraat 9 bte 18, 2018 Antwerp-2018Current	accounts 2020 → 2024	Accounts 2024 · 2025-00553693

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MUNIC GEMSCurrent	accounts 2020 → 2024	Accounts 2024 · 2025-00553693

Events

2024
Annual accounts 2024-52,9 k €↑
02/07/2024
nominationSHAH Mukesh Harichand · niet-statutaire enige bestuurder
2023
Annual accounts 2023-5,2 M €↓
2022
Annual accounts 2022-3,1 M €↓
02/06/2022
reconductionSHAH Mukesh · bestuurder
02/06/2022
reconductionSHAH Sandhya · bestuurder
2021
Annual accounts 2021596,6 k €↑
2020
Annual accounts 2020456,4 k €↑
2019
Annual accounts 2019-1,7 M €↓
2018
Annual accounts 2018513,6 k €↑
2017
Annual accounts 201748,8 k €↓
2016
Annual accounts 201674,7 k €↓
2015
Annual accounts 201591,5 k €↓
2014
Annual accounts 2014106,7 k €↓
2013
Annual accounts 2013144,3 k €↑
2012
Annual accounts 201276,3 k €↑
2011
Annual accounts 201166,5 k €↓
2010
Annual accounts 2010179,2 k €↑
2009
Annual accounts 2009-2,6 M €↓
2008
Annual accounts 2008179,8 k €↑
2007
Annual accounts 2007161,6 k €↓
2006
Annual accounts 200610,8 M €
08/09/1988
IncorporationPublic limited company

MUNIC GEMS

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline

Registered offices

Company names

Events