ACTIVE

KOMAL GEMS

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-6,8 M €

-277.6% YoY

Revenue

64,4 M €

-42.7% YoY

Equity

45,3 M €

-12.9% YoY

Workforce

3,1 ETP

+29.2% YoY

What does KOMAL GEMS do?

KOMAL GEMS is a Public limited company incorporated in 1989. Its registered office is in Antwerpen. It employs on average 3,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.733.986

Incorporation

17/02/1989

Legal form

Public limited company

Registered office

Hoveniersstraat 2/619 box 347
2018 Antwerpen · FlandreSee on map

Contributed capital

13 070 000,00 €

Latest accounts

31/12/2025

Average workforce

3,1 ETP

Joint committees (3)

Signals

Solid equityLow riskGood liquidityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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
Revenue	64,4 M €	-42.7%	112,3 M €	-21.7%	143,4 M €	-40.3%	240,4 M €	+20.3%	199,9 M €	+75.2%	114,1 M €	-27.1%	156,4 M €	-19.2%	193,6 M €	-4.4%	202,5 M €	-14.6%	237,2 M €	+27.0%	186,8 M €	-8.2%	203,5 M €	+28.2%	158,8 M €	-1.6%	161,3 M €	+26.4%	127,7 M €	-7.3%	137,7 M €	+54.7%	89 M €	+33.3%	66,8 M €	+15.6%	57,8 M €	-6.0%	61,5 M €
EBITDA	-6,5 M €	-245%	4,5 M €	+8.6%	4,1 M €	-68.9%	13,3 M €	-2.2%	13,6 M €	+192%	4,7 M €	-32.7%	6,9 M €	+64.5%	4,2 M €	-48.7%	8,2 M €	+44.5%	5,7 M €	+146%	2,3 M €	+121%	1 M €	-60.8%	2,7 M €	+16.1%	2,3 M €	+79.9%	1,3 M €	-30.3%	1,8 M €	+21.0%	1,5 M €	+200%	504,3 k €	-64.3%	1,4 M €	-83.2%	8,4 M €
Operating result	-6,6 M €	-244%	4,5 M €	+12.8%	4 M €	-69.4%	13,2 M €	-2.8%	13,6 M €	+195%	4,6 M €	-33.0%	6,9 M €	+69.9%	4 M €	-49.9%	8,1 M €	+48.0%	5,4 M €	+142%	2,2 M €	+124%	1 M €	-61.7%	2,6 M €	+16.0%	2,3 M €	+82.1%	1,2 M €	-31.0%	1,8 M €	+21.0%	1,5 M €	+208%	481,5 k €	-65.3%	1,4 M €	-83.4%	8,4 M €
Net result	-6,8 M €	-278%	3,8 M €	+137%	1,6 M €	-83.0%	9,6 M €	-13.1%	11 M €	+2988%	355,9 k €	-92.4%	4,7 M €	+144%	1,9 M €	-15.6%	2,3 M €	-3.2%	2,4 M €	+1028%	209,5 k €	-17.4%	253,5 k €	+5.2%	241,1 k €	-3.4%	249,5 k €	+23.5%	201,9 k €	+9.8%	183,9 k €	+25.1%	147 k €	+6.7%	137,8 k €	-11.1%	155 k €	-97.8%	7,2 M €
Balance sheet
Equity	45,3 M €	-12.9%	52,1 M €	+8.0%	48,2 M €	+3.5%	46,6 M €	+25.8%	37,1 M €	+42.1%	26,1 M €	+1.4%	25,7 M €	+22.4%	21 M €	+10.1%	19,1 M €	+13.6%	16,8 M €	+16.4%	14,4 M €	+1.5%	14,2 M €	+1.8%	14 M €	+1.8%	13,7 M €	+19.2%	11,5 M €	+16.0%	9,9 M €	+1.9%	9,7 M €	+1.5%	9,6 M €	+1.5%	9,5 M €	+1.7%	9,3 M €
Total assets	47,5 M €	-26.9%	65 M €	-6.5%	69,5 M €	-36.3%	109,1 M €	+10.1%	99 M €	+19.7%	82,8 M €	+12.7%	73,4 M €	-9.8%	81,4 M €	+9.3%	74,5 M €	-12.8%	85,5 M €	+34.7%	63,4 M €	-6.5%	67,8 M €	+12.9%	60,1 M €	-17.8%	73,1 M €	+14.2%	64 M €	+39.1%	46 M €	+11.4%	41,3 M €	-8.6%	45,2 M €	+20.5%	37,5 M €	-12.6%	42,9 M €
Cash	442,7 k €	+136%	187,9 k €	-73.5%	710,4 k €	-75.7%	2,9 M €	+31.4%	2,2 M €	+27.4%	1,7 M €	-20.7%	2,2 M €	+58.0%	1,4 M €	+47.4%	946,1 k €	-9.6%	1 M €	+28.9%	811,8 k €	+855%	85 k €	-51.6%	175,7 k €	-6.3%	187,4 k €	-97.4%	7,2 M €	+3761%	185,5 k €	+7.4%	172,7 k €	-91.0%	1,9 M €	+2.9%	1,9 M €	+800%	208 k €
Debts	2,1 M €	-83.6%	12,9 M €	-39.4%	21,2 M €	-65.9%	62,3 M €	+0.7%	61,8 M €	+9.2%	56,6 M €	+19.4%	47,4 M €	-21.5%	60,4 M €	+9.1%	55,4 M €	-19.3%	68,6 M €	+40.2%	49 M €	-8.6%	53,6 M €	+16.2%	46,1 M €	-22.4%	59,4 M €	+13.1%	52,5 M €	+45.6%	36,1 M €	+14.3%	31,5 M €	-11.4%	35,6 M €	+26.8%	28,1 M €	-16.6%	33,6 M €
Other
Workforce	3,1 ETP	+29.2%	2,4 ETP	+14.3%	2,1 ETP	-4.5%	2,2 ETP	-26.7%	3,0 ETP	-21.1%	3,8 ETP	-2.6%	3,9 ETP	0.0%	3,9 ETP	0.0%	3,9 ETP	+8.3%	3,6 ETP	-7.7%	3,9 ETP	-2.5%	4,0 ETP	+5.3%	3,8 ETP	+26.7%	3,0 ETP	-6.3%	3,2 ETP	-5.9%	3,4 ETP	+17.2%	2,9 ETP	-14.7%	3,4 ETP	+17.2%	2,9 ETP	+70.6%	1,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 24 ended

Active mandates

Girdharbhai GAJERA

Managing director · since 04 juin 2022 · until 03 juin 2028

Active

Kasturben GAJERA

Director · since 04 juin 2022 · until 03 juin 2028

Active

Ended mandates

Rakesh GAJERA

Director · since 06 septembre 2011

Ended

Laxmi Jewel (Belgium)

Director · since 02 juin 2007 · until 01 juin 2013 · 0862.915.067

Represented by Girdharbhai Gajera

Ended

Girdharbhai GAJERA

Managing director · until 06 juin 2009

Ended

Girdharbhai GAJERA

Managing director · until 04 juin 2016

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	31/12/2025	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	27/08/2026	20/08/2025	30/08/2024	30/08/2023	31/08/2022	31/08/2021
General meeting	23/07/2026	25/06/2025	19/07/2024	03/06/2023	04/06/2022	05/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	23/07/2026	27/08/2026	Dutch	PDF
Full model	31/12/2024	25/06/2025	20/08/2025	Dutch	PDF
Full model	31/12/2023	19/07/2024	30/08/2024	Dutch	PDF
Full model	31/12/2022	03/06/2023	30/08/2023	Dutch	PDF
Full model	31/12/2021	04/06/2022	31/08/2022	Dutch	PDF
Full model	31/12/2020	05/06/2021	31/08/2021	Dutch	PDF
Full model	31/12/2019	10/09/2020	30/09/2020	Dutch	PDF
Full model	31/12/2018	01/06/2019	01/08/2019	Dutch	PDF
Full model	31/12/2017	02/06/2018	31/07/2018	Dutch	PDF
Full model	31/12/2016	03/06/2017	31/07/2017	Dutch	PDF
Full model	31/12/2015	29/08/2016	31/08/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	22/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	26/08/2014	Dutch	PDF
Full model	31/12/2012	20/08/2013	29/08/2013	Dutch	PDF
Full model	31/12/2011	30/08/2012	31/08/2012	Dutch	PDF
Full model	31/12/2010	29/07/2011	30/08/2011	Dutch	PDF
Full model	31/12/2009	30/08/2010	31/08/2010	Dutch	PDF
Full model	31/12/2008	29/08/2009	29/08/2009	Dutch	PDF
Full model	31/12/2007	29/08/2008	29/08/2008	Dutch	PDF
Full model	31/12/2006	29/08/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/12/2025 · 2 active · 24 ended

Active mandates

Girdharbhai GAJERA

Managing director · since 04 juin 2022 · until 03 juin 2028

Active

Kasturben GAJERA

Director · since 04 juin 2022 · until 03 juin 2028

Active

Ended mandates

Rakesh GAJERA

Director · since 06 septembre 2011

Ended

Laxmi Jewel (Belgium)

Director · since 02 juin 2007 · until 01 juin 2013 · 0862.915.067

Represented by Girdharbhai Gajera

Ended

Girdharbhai GAJERA

Managing director · until 06 juin 2009

Ended

Girdharbhai GAJERA

Managing director · until 04 juin 2016

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring16/12/2025
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring08/08/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates24/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/09/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring06/12/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 2025-6,8 M €↓
25/06/2025
reconductionSteven Vyvey — commissaris
01/01/2025
autre
2024
Annual accounts 20243,8 M €↑
2023
Annual accounts 20231,6 M €↓
2022
Annual accounts 20229,6 M €↓
04/06/2022
reconductionGAJERA Girdharbhai Haribhai — bestuurder
04/06/2022
reconductionGAJERA Kasturben Girdharbhai — bestuurder
04/06/2022
reconductionBV Vyvey & Co Bedrijfsrevisoren — commissaris
04/06/2022
reconductionGAJERA Girdharbhai — gedelegeerd bestuurder
2021
Annual accounts 202111 M €↑
2020
Annual accounts 2020355,9 k €↓
2019
Annual accounts 20194,7 M €↑
2018
Annual accounts 20181,9 M €↓
2017
Annual accounts 20172,3 M €↓
2016
Annual accounts 20162,4 M €↑
2015
Annual accounts 2015209,5 k €↓
2014
Annual accounts 2014253,5 k €↑
2013
Annual accounts 2013241,1 k €↓
2012
Annual accounts 2012249,5 k €↑
2011
Annual accounts 2011201,9 k €↑
2010
Annual accounts 2010183,9 k €↑
2009
Annual accounts 2009147 k €↑
2008
Annual accounts 2008137,8 k €↓
2007
Annual accounts 2007155 k €↓
2006
Annual accounts 20067,2 M €
17/02/1989
IncorporationPublic limited company

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

KOMAL GEMS

Overview

What does KOMAL GEMS do?

Trend over 20 financial years

Indicative valuation

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