NORMAL SITUATION

S.V. GEMS

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Company — Normal situation.

Strike-off: 05 août 2026

Financial year 2025 · Closed on 31/12/2025

Net result-288,7 k €+96,9 %over 1 year

Revenue920,6 k €-92,7 %over 1 year

Equity5 M €-5,5 %over 1 year

Workforce2,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

S.V. GEMS is a Public limited company incorporated in 1997. Its main activity is: Wholesale of other intermediate products. It employs on average 2,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0460.857.886
Incorporation: 13/06/1997
Legal form: Public limited company
Contributed capital: 2 898 755,59 €
Latest accounts: 31/12/2025
Average workforce: 2,0 ETP

Activities (NACE)

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

Joint committees (4)

200
218
324
32402

Signals

Solid equityGood liquidityHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	920,6 k €	-92.7%	12,6 M €	+66.8%	7,6 M €	-86.9%	57,7 M €	+0.1%	57,6 M €
EBITDA	-515,9 k €	+95.6%	-11,8 M €	-757%	-1,4 M €	-232%	1 M €	-77.4%	4,6 M €
Operating result	-291,2 k €	+96.9%	-9,4 M €	-78.5%	-5,3 M €	-552%	1,2 M €	-75.8%	4,8 M €
Net result	-288,7 k €	+96.9%	-9,3 M €	-82.5%	-5,1 M €	-760%	769,9 k €	-82.6%	4,4 M €
Balance sheet
Equity	5 M €	-5.5%	5,3 M €	-63.8%	14,5 M €	-25.9%	19,6 M €	+4.1%	18,9 M €
Total assets	8,8 M €	-24.8%	11,8 M €	-66.4%	35 M €	-31.5%	51 M €	+18.5%	43,1 M €
Cash	64,4 k €	-76.8%	277,2 k €	+77.9%	155,8 k €	-54.0%	338,3 k €	-66.5%	1 M €
Debts	3,8 M €	-41.1%	6,5 M €	-68.2%	20,4 M €	-34.9%	31,4 M €	+29.7%	24,2 M €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	-4.8%	2,1 ETP	-30.0%	3,0 ETP	0.0%	3,0 ETP

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 24 ended

Active mandates

NISHIT PRAKASHCHANDRA VARIA

Managing director · since 15 avril 2023 · until 24 juin 2029

Active

S. VINODKUMAR INTERNATIONAL PTE. LTD.

Director · since 21 septembre 2005 · until 24 juin 2029

Represented by AMISHKUMAR SHAH

Active

Ended mandates

NISHIT PRAKASHCHANDRA VARIA

Managing director · since 15 avril 2023 · until 24 juin 2028

Ended

VIREN VARIA

Director · since 09 mai 2018 · until 24 juin 2023

Ended

VIREN VARIA

Director · since 09 mai 2018 · until 26 juin 2023

Ended

VIREN VARIA

Director · since 09 mai 2018 · until 24 juin 2029

Ended

Full financial information

Source · NBB

	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	25/06/2026	26/06/2025	10/07/2024	29/09/2023	27/06/2022	25/06/2021
General meeting	24/06/2026	24/06/2025	24/06/2024	24/06/2023	24/06/2022	24/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	24/06/2026	25/06/2026	Dutch	PDF
Full model	31/12/2024	24/06/2025	26/06/2025	Dutch	PDF
Full model	31/12/2023	24/06/2024	10/07/2024	Dutch	PDF
Full model	31/12/2022	24/06/2023	29/09/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	27/06/2022	Dutch	PDF
Full model	31/12/2020	24/06/2021	25/06/2021	Dutch	PDF
Full model	31/12/2019	24/06/2020	30/06/2020	Dutch	PDF
Full model	31/12/2018	02/04/2019	15/05/2019	Dutch	PDF
Full model	31/12/2017	31/05/2018	05/06/2018	Dutch	PDF
Full model	31/12/2016	24/03/2017	06/04/2017	Dutch	PDF
Full model	31/12/2015	15/03/2016	30/03/2016	Dutch	PDF
Full model	31/12/2014	03/04/2015	08/04/2015	Dutch	PDF
Full model	31/12/2013	15/04/2014	16/04/2014	Dutch	PDF
Full model	31/12/2012	24/06/2013	02/07/2013	Dutch	PDF
Full model	31/12/2011	25/06/2012	31/08/2012	Dutch	PDF
Full model	31/12/2010	24/06/2011	08/07/2011	Dutch	PDF
Full model	31/12/2009	24/06/2010	14/07/2010	Dutch	PDF
Full model	31/12/2008	24/06/2009	28/08/2009	Dutch	PDF
Full model	31/12/2007	28/07/2008	31/07/2008	Dutch	PDF
Full model	31/12/2006	25/06/2007	31/07/2007	Dutch	PDF

Indicative valuation

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 31/12/2025

2 active · 24 ended

Active mandates

NISHIT PRAKASHCHANDRA VARIA

Managing director · since 15 avril 2023 · until 24 juin 2029

Active

S. VINODKUMAR INTERNATIONAL PTE. LTD.

Director · since 21 septembre 2005 · until 24 juin 2029

Represented by AMISHKUMAR SHAH

Active

Ended mandates

NISHIT PRAKASHCHANDRA VARIA

Managing director · since 15 avril 2023 · until 24 juin 2028

Ended

VIREN VARIA

Director · since 09 mai 2018 · until 24 juin 2023

Ended

VIREN VARIA

Director · since 09 mai 2018 · until 26 juin 2023

Ended

VIREN VARIA

Director · since 09 mai 2018 · until 24 juin 2029

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring12/08/2026
FUSIE DOOR OVERNEMING - ALGEMENE VERGADERING VAN DE
PDF
Restructuring01/06/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates26/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates06/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/06/2018
ONTSLAGEN - BENOEMINGEN
PDF

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

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Timeline

2025
Annual accounts 2025-288,7 k €↑
2024
Annual accounts 2024-9,3 M €↓
2023
Annual accounts 2023-5,1 M €↓
15/04/2023
nominationNishit Varia — bestuurder en gedelegeerd-besuurder
2022
Annual accounts 2022769,9 k €↓
2021
Annual accounts 20214,4 M €↑
2020
Annual accounts 2020-722,5 k €↓
2019
Annual accounts 2019290,6 k €↓
2018
Annual accounts 20184,4 M €↑
2017
Annual accounts 20172 M €↓
2016
Annual accounts 20164,7 M €↑
2015
Annual accounts 20158,1 k €↓
2014
Annual accounts 2014142,5 k €↑
2013
Annual accounts 2013105 k €↓
2012
Annual accounts 2012133 k €↓
2011
Annual accounts 2011219,3 k €↑
2010
Annual accounts 2010172 k €↑
2009
Annual accounts 2009165,2 k €↑
2008
Annual accounts 2008-348 k €↓
2007
Annual accounts 200737,3 k €
13/06/1997
IncorporationPublic limited company

S.V. GEMS

Overview

Identity

Financials

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

Timeline