ACTIVE

AJARI GEMS

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Financial year 2025 · Closed on 31/12/2025

Net result-11,9 M €-439,2 %over 1 year
Revenue20,7 M €-36,4 %over 1 year
Equity69,6 M €-14,6 %over 1 year
Workforce2,7 ETP-35,7 %over 1 year

Identity

Source · BCE/KBO

AJARI GEMS is a Private limited company incorporated in 1997. Its registered office is in Antwerpen. It employs on average 2,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0461.487.891
Incorporation
22/09/1997
Legal form
Private limited company
Registered office
Hoveniersstraat 30 box 171
2018 Antwerpen · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
2,7 ETP
Joint committees (3)
  • 200
  • 218
  • 324
Signals
Solid equityLow riskGood liquidityHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue20,7 M €32,5 M €55,7 M €43,6 M €73,1 M €
EBITDA-11,7 M €-2 M €-6,4 M €6,1 M €10 M €
Operating result-11,8 M €-2,1 M €165,6 k €5,7 M €9,4 M €
Net result-11,9 M €-2,2 M €52,2 k €5,6 M €9,3 M €
Balance sheet
Equity69,6 M €81,5 M €83,7 M €84,2 M €78,6 M €
Total assets80,7 M €98,4 M €105,1 M €120,9 M €107,7 M €
Cash277,3 k €181,3 k €902,6 k €3,3 M €1,5 M €
Debts11,1 M €16,6 M €21,4 M €36,7 M €29 M €
Other
Workforce2,7 ETP4,2 ETP4,9 ETP4,4 ETP5,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 19 ended

Active mandates

Shripal Mohalal Bhandari

Director · since 01 juillet 2017

Active
Bharat Ranjeetmal Sanghvi

Director · since 01 juillet 2012

Active
Manish Rameshchandra Shah

Director · since 01 juillet 2012

Active
Manish Golchha

Director · since 01 juillet 2010

Active

Ended mandates

Shripal Mohanlal Bhandari

Director · since 01 juillet 2017

Ended
SHRIPAL MOHANLAL BHANDARI

Manager · since 01 juillet 2017

Ended
Manish Rameshchandra Shah

Manager · since 01 juillet 2012

Ended
Bharat Ranjeetmal Sanghvi

Director · since 07 mai 2012

Ended

Other companies at this address

Hoveniersstraat 30 2018 Antwerpen
CompanyCBE no.
AAA INVESTMENTS● Active
0724.613.061
AADI● Active
0837.033.289
AAROHI DIAMONDS● Bankrupt
0429.469.280
AAYNA DIAM● Active
0783.694.276
ABBOUD DIAMONDS ANTWERP● Active
0688.810.163
ABHIDIMON● Active
0459.870.763
A.C. DIAM● Active
0460.264.802
ADIAM● Active
0429.050.202
AFRICAN STAR● Active
0467.014.418
ALISAR GEMS● Active
0478.360.547
ALLURE DIAM● Active
0882.360.005
ALMAZ● Active
0452.157.679
ALWODA● Active
0477.513.578
Amaar Jewels● Active
1029.141.789
AMIRA-AYA● Active
0458.471.191
ARHAAN DIAM● Active
0834.846.435
Arhaan Jewels● Active
0639.944.830
ARHAM DIAMONDS● Active
0544.505.639
ARKOT DIAMONDS● Active
0830.908.730
ARSLANIAN FRERES - ARSLANIAN FRERES AFDELING CONSTRUCTIE● Active
0407.183.729

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date15/07/202624/02/202614/03/202521/12/202304/11/202217/12/2021
General meeting15/07/202620/02/202607/03/202520/12/202327/10/202210/12/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202515/07/202615/07/2026DutchPDF
Full model31/12/202420/02/202624/02/2026DutchPDF
Full model31/12/202307/03/202514/03/2025DutchPDF
Full model31/12/202220/12/202321/12/2023DutchPDF
Full model31/12/202127/10/202204/11/2022DutchPDF
Full model31/12/202010/12/202117/12/2021DutchPDF
Full model31/12/201914/10/202030/10/2020DutchPDF
Full model31/12/201806/12/201919/12/2019DutchPDF
Full model31/12/201727/09/201828/09/2018DutchPDF
Full model31/12/201622/09/201729/09/2017DutchPDF
Full model31/12/201524/06/201628/07/2016DutchPDF
Full model31/12/201424/07/201529/07/2015DutchPDF
Full model31/12/201329/09/201429/10/2014DutchPDF
Full model31/12/201228/08/201327/09/2013DutchPDF
Full model31/12/201126/09/201220/12/2012DutchPDF
Full model31/12/201024/06/201124/10/2011DutchPDF
Abridged model31/12/200924/06/201030/07/2010DutchPDF
Abridged model31/12/200824/06/200928/08/2009DutchPDF
Full model31/12/200724/06/200830/08/2008DutchPDF
Full model31/12/200625/06/200728/09/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 19 ended

Active mandates

Shripal Mohalal Bhandari

Director · since 01 juillet 2017

Active
Bharat Ranjeetmal Sanghvi

Director · since 01 juillet 2012

Active
Manish Rameshchandra Shah

Director · since 01 juillet 2012

Active
Manish Golchha

Director · since 01 juillet 2010

Active

Ended mandates

Shripal Mohanlal Bhandari

Director · since 01 juillet 2017

Ended
SHRIPAL MOHANLAL BHANDARI

Manager · since 01 juillet 2017

Ended
Manish Rameshchandra Shah

Manager · since 01 juillet 2012

Ended
Bharat Ranjeetmal Sanghvi

Director · since 07 mai 2012

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates05/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/02/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/12/2020
    ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
    PDF
  • Registered office29/11/2017
    MAATSCHAPPELIJKE ZETEL - DIVERSEN
    PDF
  • Mandates12/10/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/07/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/01/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/07/2012
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-11,9 M €↓
  2. 2024
    Annual accounts 2024-2,2 M €↓
  3. 2023
    Annual accounts 202352,2 k €↓
  4. 2022
    Annual accounts 20225,6 M €↓
  5. 2021
    Annual accounts 20219,3 M €↑
  6. 2020
    Annual accounts 20202,4 M €↓
  7. 2019
    Annual accounts 20193 M €↓
  8. 2018
    Annual accounts 20185,1 M €↓
  9. 2017
    Annual accounts 201719 M €↓
  10. 2016
    Annual accounts 201638,2 M €↑
  11. 2015
    Annual accounts 201510,9 k €↓
  12. 2014
    Annual accounts 201432,7 k €↑
  13. 2013
    Annual accounts 201324,3 k €↓
  14. 2012
    Annual accounts 201229,3 k €↓
  15. 2011
    Annual accounts 201141,2 k €↓
  16. 2010
    Annual accounts 2010139,6 k €↑
  17. 2009
    Annual accounts 200926,6 k €↑
  18. 2008
    Annual accounts 200819,2 k €↓
  19. 2007
    Annual accounts 200731,4 k €
  20. 22/09/1997
    IncorporationPrivate limited company