ACTIVE

GEMACO

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-24,7 k €

-142.5% YoY

Gross margin

115,2 k €

-21.7% YoY

Equity

211,8 k €

-22.3% YoY

What does GEMACO do?

GEMACO is a Private limited company incorporated in 1994. Its main activity is: Retail sale of watches and jewellery in specialised stores. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.177.754

Incorporation

23/12/1994

Legal form

Private limited company

Registered office

Rue du Fossé aux Loups 28B box 23
1000 Bruxelles · BruxellesSee on map

Contributed capital

19 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

47770Retail sale of watches and jewellery in specialised stores· main 47770Retail sale of watches and jewellery in specialised stores 74142Specialised design activities 70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (2)

Signals

Solid equityPositive cashflowPositive EBITDA

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
Gross margin	115,2 k €	-21.7%	147,1 k €	-1.8%	149,8 k €	+15.2%	130 k €	+159%	50,2 k €	+371%	10,7 k €	-92.7%	147,1 k €	+98.8%	74 k €	+8.7%	68 k €	+93.3%	35,2 k €	-49.0%	69 k €	+329%	16,1 k €	-32.7%	23,9 k €	-55.0%	53,2 k €	+26.8%	41,9 k €	+28.2%	32,7 k €	+174%	-44,1 k €	-165%	-16,7 k €	-213%	14,8 k €	-19.9%	18,5 k €
EBITDA	36,8 k €	-59.9%	91,9 k €	-16.0%	109,4 k €	+3.4%	105,8 k €	+146%	42,9 k €	+966%	-5 k €	-104%	118 k €	+114%	55,2 k €	-14.7%	64,7 k €	+188%	22,5 k €	-59.8%	56 k €	+1141%	4,5 k €	-63.7%	12,4 k €	-69.8%	41,2 k €	+33.2%	30,9 k €	-1.4%	31,3 k €	+168%	-45,9 k €	-150%	-18,4 k €	-295%	9,5 k €	-47.7%	18,1 k €
Operating result	-21,8 k €	-126%	84,8 k €	-17.0%	102,1 k €	+5.1%	97,1 k €	+183%	34,3 k €	+348%	-13,8 k €	-113%	109,4 k €	+297%	27,6 k €	-57.2%	64,5 k €	+190%	22,3 k €	-59.5%	55 k €	+606%	-10,9 k €	-286%	-2,8 k €	-111%	26 k €	+65.1%	15,8 k €	-7.3%	17 k €	+137%	-45,9 k €	-145%	-18,7 k €	-308%	9 k €	-48.9%	17,6 k €
Net result	-24,7 k €	-143%	58 k €	-11.3%	65,4 k €	-1.3%	66,3 k €	+153%	26,2 k €	+264%	-16 k €	-122%	74,3 k €	+350%	16,5 k €	-54.1%	36 k €	+191%	12,3 k €	-67.0%	37,4 k €	+392%	-12,8 k €	-7.0%	-12 k €	-170%	17,2 k €	+22.9%	14 k €	-11.5%	15,9 k €	+139%	-40,3 k €	-330%	-9,4 k €	+91.5%	-110,6 k €	-2316%	5 k €
Balance sheet
Equity	211,8 k €	-22.3%	272,4 k €	+27.1%	214,4 k €	+40.1%	153 k €	-11.8%	173,4 k €	-10.4%	193,5 k €	-7.7%	209,5 k €	+55.0%	135,2 k €	+13.9%	118,7 k €	-27.5%	163,7 k €	+8.1%	151,4 k €	+32.8%	114 k €	-10.1%	126,8 k €	-14.2%	147,8 k €	+13.2%	130,6 k €	+12.0%	116,5 k €	+15.7%	100,7 k €	-28.6%	141 k €	-6.2%	150,3 k €	-42.4%	260,9 k €
Total assets	637 k €	+92.0%	331,8 k €	+8.0%	307,1 k €	+18.5%	259,2 k €	+1.3%	255,8 k €	-8.9%	280,7 k €	-8.0%	305,2 k €	+31.1%	232,7 k €	+43.6%	162,1 k €	-10.3%	180,7 k €	-0.2%	181 k €	+9.2%	165,7 k €	-11.6%	187,4 k €	-11.0%	210,7 k €	+11.8%	188,4 k €	+11.5%	169 k €	+11.6%	151,5 k €	+6.3%	142,5 k €	-69.7%	470,5 k €	-11.9%	534,1 k €
Cash	113,2 k €	-8.5%	123,7 k €	+1.4%	122 k €	+110%	58,2 k €	+58.0%	36,9 k €	+1441%	2,4 k €	-94.8%	45,7 k €	+252%	13 k €	-87.8%	106,4 k €	-16.7%	127,7 k €	+7.2%	119,1 k €	+1.3%	117,6 k €		–		–		98,2 k €	+33.8%	73,3 k €	-12.4%	83,8 k €	-35.2%	129,2 k €	-66.6%	386,8 k €	+29.9%	297,7 k €
Debts	425,2 k €	+617%	59,3 k €	-36.0%	92,7 k €	-12.8%	106,2 k €	+28.9%	82,4 k €	-5.5%	87,3 k €	-8.8%	95,7 k €	-1.9%	97,6 k €	+125%	43,4 k €	+156%	17 k €	-42.6%	29,6 k €	-42.8%	51,7 k €	-14.7%	60,6 k €	-3.5%	62,9 k €	+8.6%	57,9 k €	+10.3%	52,5 k €	+3.3%	50,8 k €	+3144%	1,6 k €	-99.5%	320,2 k €	+17.2%	273,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP	-20.0%	0,5 ETP	-16.7%	0,6 ETP		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

Arnaldo Campillo Mier

Director · since 01 octobre 2024

Active

Laura Irasema Quinteros Melendez

Director · since 28 février 2024

Active

Ended mandates

Bernadette Dubois

Manager · since 02 mars 2010

Ended

Audrey Heymans

Director · until 28 février 2024

Ended

Audrey Heymans

Director

Ended

Audrey Heymans

Manager

Ended

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	01/01/2025	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	31/07/2026	15/04/2025	30/08/2024	24/03/2023	28/07/2022	31/08/2021
General meeting	30/06/2026	14/04/2025	31/07/2024	13/03/2023	30/06/2022	30/08/2021
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
Micro model	31/12/2025	30/06/2026	31/07/2026	French	PDF
Micro model	31/12/2024	14/04/2025	15/04/2025	French	PDF
Micro model	31/12/2023	31/07/2024	30/08/2024	French	PDF
Micro model	31/12/2022	13/03/2023	24/03/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	28/07/2022	Dutch	PDF
Micro model	31/12/2020	30/08/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	26/06/2020	03/07/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	26/07/2019	Dutch	PDF
Micro model	31/12/2017	29/06/2018	25/07/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	24/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	02/07/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	30/07/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	23/07/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	28/06/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	06/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 10 ended

Active mandates

Arnaldo Campillo Mier

Director · since 01 octobre 2024

Active

Laura Irasema Quinteros Melendez

Director · since 28 février 2024

Active

Ended mandates

Bernadette Dubois

Manager · since 02 mars 2010

Ended

Audrey Heymans

Director · until 28 février 2024

Ended

Audrey Heymans

Director

Ended

Audrey Heymans

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/10/2024
DEMISSIONS, NOMINATIONS
PDF
Registered office04/04/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates02/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares31/01/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates13/02/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates17/03/2010
MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/12/2005
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 2025-24,7 k €↓
2024
Annual accounts 202458 k €↓
2023
Annual accounts 202365,4 k €↓
2022
Annual accounts 202266,3 k €↑
2021
Annual accounts 202126,2 k €↑
2020
Annual accounts 2020-16 k €↓
2019
Annual accounts 201974,3 k €↑
2018
Annual accounts 201816,5 k €↓
2017
Annual accounts 201736 k €↑
2016
Annual accounts 201612,3 k €↓
2015
Annual accounts 201537,4 k €↑
2014
Annual accounts 2014-12,8 k €↓
2013
Annual accounts 2013-12 k €↓
2012
Annual accounts 201217,2 k €↑
2011
Annual accounts 201114 k €↓
2010
Annual accounts 201015,9 k €↑
2009
Annual accounts 2009-40,3 k €↓
2008
Annual accounts 2008-9,4 k €↑
2007
Annual accounts 2007-110,6 k €↓
2006
Annual accounts 20065 k €
23/12/1994
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

GEMACO

Overview

What does GEMACO 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