ACTIVE

MUNIC GEMS

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Financial year 2024 · closed on 31/12/2024
Net result
-52,9 k €
+99.0% YoY
Gross margin
390,4 k €
+107.5% YoY
Equity
6,6 M €
-0.8% YoY

What does MUNIC GEMS do?

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· main46861Wholesale trade, except of motor vehicles and motorcycles51561Air transport
Joint committees (3)
  • 200
  • 218
  • 324
Signals
Solid equityGood liquidity
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin390,4 k €-5,2 M €-744,6 k €––––––––––––––––
EBITDA-545,6 k €-5,2 M €-805,9 k €1,8 M €-100,4 k €-693,1 k €2,4 M €-683 k €9,9 M €1 M €964,1 k €767,9 k €1,1 M €2,6 M €4,8 M €270,1 k €4,1 M €2,9 M €14,2 M €
Operating result370,1 k €-5,2 M €-903,1 k €1,5 M €-226,7 k €-914,8 k €1,4 M €-884,4 k €2,9 M €815,8 k €754,6 k €558,9 k €884 k €2,4 M €1,5 M €-947,6 k €3,8 M €2,7 M €14,2 M €
Net result-52,9 k €-5,2 M €-3,1 M €596,6 k €456,4 k €-1,7 M €513,6 k €48,8 k €74,7 k €91,5 k €106,7 k €144,3 k €76,3 k €66,5 k €179,2 k €-2,6 M €179,8 k €161,6 k €10,8 M €
Balance sheet
Equity6,6 M €6,7 M €11,9 M €15 M €14,4 M €13,9 M €15,6 M €15,1 M €15,1 M €15 M €14,9 M €14,8 M €14,7 M €14,6 M €9,9 M €9,7 M €12,3 M €12,1 M €12 M €
Total assets18,8 M €20,1 M €26,2 M €30,1 M €29,9 M €27,3 M €26,4 M €29,2 M €29,2 M €37,4 M €38,4 M €36,5 M €36,9 M €35,6 M €36,5 M €42 M €51,3 M €47,8 M €48,2 M €
Cash36,6 k €7,3 k €6,7 k €39,4 k €6,4 k €64,4 k €61,7 k €122,2 k €369,9 k €504,6 k €368,1 k €347,2 k €180 k €80,9 k €162,4 k €3,4 M €2,1 M €756,9 k €983,9 k €
Debts11,9 M €13,2 M €14,1 M €14,9 M €15,3 M €13,1 M €10,5 M €13,9 M €14 M €22,3 M €23,5 M €21,7 M €22,2 M €20,8 M €25,8 M €31,3 M €38,5 M €35,4 M €35,7 M €
Other
Workforce–0,2 ETP1,5 ETP1,7 ETP1,7 ETP2,3 ETP2,3 ETP2,7 ETP2,8 ETP2,1 ETP1,8 ETP1,8 ETP1,8 ETP3,3 ETP2,9 ETP4,4 ETP6,4 ETP8,2 ETP8,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 17 ended

Active mandates

Mukesh SHAH

Managing director · until 06 juin 2030

Active
Sandhya Mukesh Shah

Director · until 02 juillet 2024

Active

Ended mandates

Mukesh SHAH

Managing director · since 12 décembre 2016 · until 02 juin 2022

Ended
Sandhya Mukesh SHAH

Director · since 12 décembre 2016 · until 02 juin 2022

Ended
Mukesh Shah

Managing director · since 21 septembre 2010 · until 02 juin 2016

Ended
Sandhya Mukesh SHAH

Director · since 21 septembre 2010 · until 02 juin 2016

Ended
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Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelFull modelFull modelFull model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/10/202520/11/202427/10/202330/12/202207/09/202218/03/2021
General meeting05/06/202506/06/202401/06/202315/12/202216/05/202212/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202405/06/202530/10/2025DutchPDF
Abridged model31/12/202306/06/202420/11/2024DutchPDF
Abridged model31/12/202201/06/202327/10/2023DutchPDF
Full model31/12/202115/12/202230/12/2022DutchPDF
Full model31/12/202016/05/202207/09/2022DutchPDF
Full model31/12/201912/03/202118/03/2021DutchPDF
Full model31/12/201810/01/202014/02/2020DutchPDF
Full model31/12/201730/10/201827/11/2018DutchPDF
Full model31/12/201615/02/201815/03/2018DutchPDF
Full model31/12/201512/12/201629/12/2016DutchPDF
Full model31/12/201409/12/201522/12/2015DutchPDF
Full model31/12/201328/08/201430/09/2014DutchPDF
Full model31/12/201230/09/201329/10/2013DutchPDF
Full model31/12/201119/10/201202/11/2012DutchPDF
Full model31/12/201029/09/201130/09/2011DutchPDF
Full model31/12/200921/09/201029/09/2010DutchPDF
Full model31/12/200824/07/200931/08/2009DutchPDF
Full model31/12/200712/09/200818/09/2008DutchPDF
Full model31/12/200628/09/200728/09/2007DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 17 ended

Active mandates

Mukesh SHAH

Managing director · until 06 juin 2030

Active
Sandhya Mukesh Shah

Director · until 02 juillet 2024

Active

Ended mandates

Mukesh SHAH

Managing director · since 12 décembre 2016 · until 02 juin 2022

Ended
Sandhya Mukesh SHAH

Director · since 12 décembre 2016 · until 02 juin 2022

Ended
Mukesh Shah

Managing director · since 21 septembre 2010 · until 02 juin 2016

Ended
Sandhya Mukesh SHAH

Director · since 21 septembre 2010 · until 02 juin 2016

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • 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

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

Timeline

  1. 2024
    Annual accounts 2024-52,9 k €↑
  2. 02/07/2024
    nominationSHAH Mukesh Harichand — niet-statutaire enige bestuurder
  3. 2023
    Annual accounts 2023-5,2 M €↓
  4. 2022
    Annual accounts 2022-3,1 M €↓
  5. 02/06/2022
    reconductionSHAH Mukesh — bestuurder
  6. 02/06/2022
    reconductionSHAH Sandhya — bestuurder
  7. 2021
    Annual accounts 2021596,6 k €↑
  8. 2020
    Annual accounts 2020456,4 k €↑
  9. 2019
    Annual accounts 2019-1,7 M €↓
  10. 2018
    Annual accounts 2018513,6 k €↑
  11. 2017
    Annual accounts 201748,8 k €↓
  12. 2016
    Annual accounts 201674,7 k €↓
  13. 2015
    Annual accounts 201591,5 k €↓
  14. 2014
    Annual accounts 2014106,7 k €↓
  15. 2013
    Annual accounts 2013144,3 k €↑
  16. 2012
    Annual accounts 201276,3 k €↑
  17. 2011
    Annual accounts 201166,5 k €↓
  18. 2010
    Annual accounts 2010179,2 k €↑
  19. 2009
    Annual accounts 2009-2,6 M €↓
  20. 2008
    Annual accounts 2008179,8 k €↑
  21. 2007
    Annual accounts 2007161,6 k €↓
  22. 2006
    Annual accounts 200610,8 M €
  23. 08/09/1988
    IncorporationPublic limited company