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 main activity is: Wholesale of other intermediate products. 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

Activities (NACE)

46761Wholesale of other intermediate products· main 46861Wholesale trade, except of motor vehicles and motorcycles 51561Air transport 32121Manufacture of jewellery and related articles 32121Manufacture of jewellery and related articles 36221Water collection, treatment and supply

Joint committees (3)

Signals

Solid equityLow riskGood liquidityHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	20,7 M €	-36.4%	32,5 M €	-41.6%	55,7 M €	+27.6%	43,6 M €	-40.3%	73,1 M €
EBITDA	-11,7 M €	-480%	-2 M €	+68.3%	-6,4 M €	-204%	6,1 M €	-38.5%	10 M €
Operating result	-11,8 M €	-454%	-2,1 M €	-1390%	165,6 k €	-97.1%	5,7 M €	-39.9%	9,4 M €
Net result	-11,9 M €	-439%	-2,2 M €	-4321%	52,2 k €	-99.1%	5,6 M €	-40.1%	9,3 M €
Balance sheet
Equity	69,6 M €	-14.6%	81,5 M €	-2.6%	83,7 M €	-0.6%	84,2 M €	+7.1%	78,6 M €
Total assets	80,7 M €	-17.9%	98,4 M €	-6.3%	105,1 M €	-13.1%	120,9 M €	+12.2%	107,7 M €
Cash	277,3 k €	+53.0%	181,3 k €	-79.9%	902,6 k €	-72.3%	3,3 M €	+113%	1,5 M €
Debts	11,1 M €	-33.0%	16,6 M €	-22.1%	21,4 M €	-41.8%	36,7 M €	+26.3%	29 M €
Other
Workforce	2,7 ETP	-35.7%	4,2 ETP	-14.3%	4,9 ETP	+11.4%	4,4 ETP	-12.0%	5,0 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 · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Shripal Mohalal Bhandari	Directorsince 01/07/2017
Bharat Ranjeetmal Sanghvi	Directorsince 07/05/2012Manager07/05/2012 → 2016 accountsendedAdministrator - manager2020 accountsendedMandate2011 accountsended
Manish Rameshchandra Shah	Directorsince 01/07/2012Manager01/07/2012 → 2017 accountsendedAdministrator - manager2020 accountsended
Manish Golchha	Directorsince 01/07/2010Manager01/07/2010 → 2014 accountsendedAdministrator - manager2020 accountsendedMandate2011 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Shripal Mohanlal Bhandari	Director01/07/2017 → 2024 accountsManager01/07/2017 → 2018 accountsAdministrator - manager2020 accounts

Other companies at this address

Hoveniersstraat 30 2018 Antwerpen

Company	CBE 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

	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	15/07/2026	24/02/2026	14/03/2025	21/12/2023	04/11/2022	17/12/2021
General meeting	15/07/2026	20/02/2026	07/03/2025	20/12/2023	27/10/2022	10/12/2021
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	15/07/2026	15/07/2026	Dutch	PDF
Full model	31/12/2024	20/02/2026	24/02/2026	Dutch	PDF
Full model	31/12/2023	07/03/2025	14/03/2025	Dutch	PDF
Full model	31/12/2022	20/12/2023	21/12/2023	Dutch	PDF
Full model	31/12/2021	27/10/2022	04/11/2022	Dutch	PDF
Full model	31/12/2020	10/12/2021	17/12/2021	Dutch	PDF
Full model	31/12/2019	14/10/2020	30/10/2020	Dutch	PDF
Full model	31/12/2018	06/12/2019	19/12/2019	Dutch	PDF
Full model	31/12/2017	27/09/2018	28/09/2018	Dutch	PDF
Full model	31/12/2016	22/09/2017	29/09/2017	Dutch	PDF
Full model	31/12/2015	24/06/2016	28/07/2016	Dutch	PDF
Full model	31/12/2014	24/07/2015	29/07/2015	Dutch	PDF
Full model	31/12/2013	29/09/2014	29/10/2014	Dutch	PDF
Full model	31/12/2012	28/08/2013	27/09/2013	Dutch	PDF
Full model	31/12/2011	26/09/2012	20/12/2012	Dutch	PDF
Full model	31/12/2010	24/06/2011	24/10/2011	Dutch	PDF
Abridged model	31/12/2009	24/06/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	24/06/2009	28/08/2009	Dutch	PDF
Full model	31/12/2007	24/06/2008	30/08/2008	Dutch	PDF
Full model	31/12/2006	25/06/2007	28/09/2007	Dutch	PDF

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 · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Shripal Mohalal Bhandari	Directorsince 01/07/2017
Bharat Ranjeetmal Sanghvi	Directorsince 07/05/2012Manager07/05/2012 → 2016 accountsendedAdministrator - manager2020 accountsendedMandate2011 accountsended
Manish Rameshchandra Shah	Directorsince 01/07/2012Manager01/07/2012 → 2017 accountsendedAdministrator - manager2020 accountsended
Manish Golchha	Directorsince 01/07/2010Manager01/07/2010 → 2014 accountsendedAdministrator - manager2020 accountsendedMandate2011 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Shripal Mohanlal Bhandari	Director01/07/2017 → 2024 accountsManager01/07/2017 → 2018 accountsAdministrator - manager2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates01/10/2026
HERBENOEMING COMMISSARIS
PDF
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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Shripal Mohalal Bhandari

Manish Rameshchandra Shah

Bharat Ranjeetmal Sanghvi

Manish Golchha

Shripal Mohanlal Bhandari

199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

AJARI GEMS

Hoveniersstraat 30 bte 171, 2018 Antwerp-2018

Director

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Hoveniersstraat 30 bte 171, 2018 Antwerp-2018Current	accounts 2021 → 2025	Accounts 2025 · 2026-00311847

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
AJARI GEMSCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00311847

Events

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

AJARI GEMS

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events