ACTIVE

GEMIBEL

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Financial year 2025 · closed on 30/06/2025

Net result

90,9 k €

-10.6% YoY

Gross margin

85,5 k €

-27.2% YoY

Equity

1,5 M €

+6.4% YoY

What does GEMIBEL do?

GEMIBEL is a Private limited company incorporated in 1992. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Malmedy.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.895.214

Incorporation

11/12/1992

Legal form

Private limited company

Registered office

Ligneuville-Grand Rue 59
4960 Malmedy · WallonieSee on map

Contributed capital

500 000,00 €

Latest accounts

30/06/2025

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	85,5 k €	-27.2%	117,4 k €	+29.9%	90,4 k €	+28.4%	70,4 k €	+26.0%	55,9 k €	-10.8%	62,6 k €	+47.3%	42,5 k €	-18.2%	52 k €	+27.3%	40,8 k €	-39.5%	67,5 k €	-42.4%	117,2 k €	-29.9%	167,3 k €	+21.6%	137,6 k €	+78.8%	76,9 k €	+130%	33,4 k €	-63.9%	92,4 k €	+76.6%	52,3 k €	+33.3%	39,2 k €	-42.2%	67,9 k €
EBITDA	79,8 k €	-28.7%	111,9 k €	+29.7%	86,2 k €	+31.7%	65,5 k €	+28.5%	51 k €	-13.1%	58,6 k €	+37.4%	42,7 k €	-9.7%	47,3 k €	+31.6%	35,9 k €	-42.9%	62,9 k €	-40.4%	105,6 k €	-36.6%	166,4 k €	+24.6%	133,5 k €	+82.2%	73,3 k €	+145%	29,9 k €	-66.4%	89 k €	+82.2%	48,8 k €	+36.2%	35,8 k €	-41.8%	61,5 k €
Operating result	79,8 k €	-28.7%	111,9 k €	+29.7%	86,2 k €	+36.1%	63,4 k €	+29.7%	48,9 k €	-13.6%	56,6 k €	+39.3%	40,6 k €	-10.2%	45,2 k €	+10.2%	41 k €	-32.5%	60,8 k €	-48.5%	118,1 k €	-34.0%	179,1 k €	+6.5%	168,1 k €	+198%	56,4 k €	+17.1%	48,2 k €	-62.2%	127,4 k €	+3494%	3,5 k €	+173%	-4,9 k €	-108%	58,5 k €
Net result	90,9 k €	-10.6%	101,6 k €	+43.3%	70,9 k €	-19.0%	87,5 k €	+46.5%	59,7 k €	+14.8%	52 k €	-85.3%	355,1 k €	+193%	121,1 k €	-3.4%	125,4 k €	+6.2%	118 k €	-66.5%	351,8 k €	+42.0%	247,7 k €	+9.0%	227,3 k €	+112%	107,1 k €	+177%	38,6 k €	-63.5%	105,6 k €	+4037%	-2,7 k €	+61.6%	-7 k €	-114%	49,8 k €
Balance sheet
Equity	1,5 M €	+6.4%	1,4 M €	+7.8%	1,3 M €	+5.7%	1,2 M €	+7.6%	1,2 M €	+5.5%	1,1 M €	+5.0%	1 M €	+51.8%	685,1 k €	-89.8%	6,7 M €	+1.9%	6,6 M €	+1.8%	6,5 M €	+5.7%	6,1 M €	+4.2%	5,9 M €	+4.0%	5,7 M €	+924%	552,6 k €	+7.5%	514 k €	+25.9%	408,3 k €	-0.7%	411 k €	-1.7%	418 k €
Total assets	1,5 M €	+4.3%	1,5 M €	+9.7%	1,3 M €	+5.1%	1,3 M €	+6.8%	1,2 M €	+6.5%	1,1 M €	-0.7%	1,1 M €	-83.8%	6,9 M €	+2.2%	6,7 M €	+1.8%	6,6 M €	+1.0%	6,6 M €	+5.5%	6,2 M €	+4.9%	5,9 M €	+4.1%	5,7 M €	+902%	567,6 k €	+3.9%	546,5 k €	+30.9%	417,4 k €	-0.3%	418,5 k €	-1.5%	424,8 k €
Cash	32,1 k €	-56.5%	73,8 k €	-68.7%	235,7 k €	+38.4%	170,3 k €	+2.1%	166,9 k €	+133%	71,5 k €	-41.1%	121,4 k €	-88.3%	1 M €	+87.9%	551,9 k €	-68.0%	1,7 M €	+37.1%	1,3 M €	-14.8%	1,5 M €	-73.1%	5,5 M €	+3.0%	5,3 M €	+1897%	267,2 k €	+5.1%	254,3 k €	+55.5%	163,6 k €	+3164%	5 k €	-98.7%	372,5 k €
Debts	12,6 k €	-69.5%	41,3 k €	+192%	14,1 k €	-30.0%	20,2 k €	-26.6%	27,5 k €	+83.9%	15 k €	-80.1%	75,3 k €	-98.8%	6,2 M €		–		6,1 k €	-88.3%	52,6 k €	-30.4%	75,5 k €	+111%	35,8 k €	+32.0%	27,1 k €	+80.1%	15,1 k €	-53.7%	32,5 k €	+258%	9,1 k €	+21.9%	7,5 k €	+9.9%	6,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 2 ended

Active mandates

Gerhard MICHELS

Director

Active

Ended mandates

Gerhard MICHELS

Mandate

Ended

Joseph MICHELS

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
AGA PRO● Active	0460.218.676
Vélo - Club Malmédy● Active	0417.588.067

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/12/2025	06/01/2025	31/10/2023	21/12/2022	29/12/2021	25/11/2020
General meeting	19/09/2025	20/09/2024	15/09/2023	16/09/2022	17/09/2021	18/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	19/09/2025	18/12/2025	French	PDF
Micro model	30/06/2024	20/09/2024	06/01/2025	French	PDF
Micro model	30/06/2023	15/09/2023	31/10/2023	French	PDF
Micro model	30/06/2022	16/09/2022	21/12/2022	French	PDF
Micro model	30/06/2021	17/09/2021	29/12/2021	French	PDF
Micro model	30/06/2020	18/09/2020	25/11/2020	French	PDF
Micro model	30/06/2019	20/09/2019	02/12/2019	French	PDF
Micro model	30/06/2018	21/09/2018	21/12/2018	French	PDF
Micro model	30/06/2017	15/09/2017	30/10/2017	French	PDF
Abridged model	30/06/2016	16/09/2016	02/11/2016	French	PDF
Abridged model	30/06/2015	18/09/2015	02/11/2015	French	PDF
Abridged model	30/06/2014	19/09/2014	09/12/2014	French	PDF
Abridged model	30/06/2013	20/09/2013	27/11/2013	French	PDF
Abridged model	30/06/2012	21/09/2012	20/12/2012	French	PDF
Abridged model	30/06/2011	16/09/2011	27/10/2011	French	PDF
Abridged model	30/06/2010	17/09/2010	26/10/2010	French	PDF
Abridged model	30/06/2009	18/09/2009	07/12/2009	French	PDF
Abridged model	30/06/2008	19/09/2008	23/10/2008	French	PDF
Abridged model	30/06/2007	21/09/2007	30/11/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/06/2025 · 1 active · 2 ended

Active mandates

Gerhard MICHELS

Director

Active

Ended mandates

Gerhard MICHELS

Mandate

Ended

Joseph MICHELS

Mandate

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares18/07/2018
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - CAPITAL, ACTIONS
PDF
Capital / shares16/04/2012
OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates04/12/2008
DEMISSIONS, NOMINATIONS
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 202590,9 k €↓
2024
Annual accounts 2024101,6 k €↑
2023
Annual accounts 202370,9 k €↓
2022
Annual accounts 202287,5 k €↑
2021
Annual accounts 202159,7 k €↑
2020
Annual accounts 202052 k €↓
2019
Annual accounts 2019355,1 k €↑
2018
Annual accounts 2018121,1 k €↓
2017
Annual accounts 2017125,4 k €↑
2016
Annual accounts 2016118 k €↓
2015
Annual accounts 2015351,8 k €↑
2014
Annual accounts 2014247,7 k €↑
2013
Annual accounts 2013227,3 k €↑
2012
Annual accounts 2012107,1 k €↑
2011
Annual accounts 201138,6 k €↓
2010
Annual accounts 2010105,6 k €↑
2009
Annual accounts 2009-2,7 k €↑
2008
Annual accounts 2008-7 k €↓
2007
Annual accounts 200749,8 k €
11/12/1992
IncorporationPrivate 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

GEMIBEL

Overview

What does GEMIBEL do?

Trend over 19 financial years

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