ACTIVE

D. NAVINCHANDRA GEMS

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Financial year 2025 · Closed on 31/12/2025

Net result-13,8 M €-290,5 %over 1 year

Revenue48,7 M €-19,0 %over 1 year

Equity60,1 M €-18,7 %over 1 year

Workforce3,6 ETP+16,1 %over 1 year

Identity

Source · BCE/KBO

D. NAVINCHANDRA GEMS is a Private limited company incorporated in 1998. Its main activity is: Wholesale of other intermediate products. Its registered office is in Antwerpen. It employs on average 3,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0462.600.126
Incorporation: 12/02/1998
Legal form: Private limited company
Registered office: Hoveniersstraat 30 box 161
2018 Antwerpen · FlandreSee on map
Contributed capital: 9 976 020,26 €
Latest accounts: 31/12/2025
Average workforce: 3,6 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 equityLow riskGood liquidityHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2022		2021		2020
Income statement
Revenue	48,7 M €	-19.0%	60,2 M €	-46.0%	111,5 M €	+33.3%	83,6 M €	+51.3%	55,2 M €
EBITDA	-14,2 M €	-307%	6,9 M €	-35.4%	10,6 M €	+64.6%	6,4 M €	+382%	1,3 M €
Operating result	-14,3 M €	-309%	6,8 M €	-34.7%	10,5 M €	+67.4%	6,3 M €	+444%	1,2 M €
Net result	-13,8 M €	-291%	7,2 M €	-29.1%	10,2 M €	+67.8%	6,1 M €	+493%	1 M €
Balance sheet
Equity	60,1 M €	-18.7%	73,9 M €	+120%	33,5 M €	+43.8%	23,3 M €	+140%	9,7 M €
Total assets	64,6 M €	-18.6%	79,3 M €	+78.6%	44,4 M €	-1.1%	44,9 M €	+30.6%	34,4 M €
Cash	1,6 M €	-45.9%	2,9 M €	+567%	431,1 k €	-56.5%	991,9 k €	+521%	159,8 k €
Debts	4,4 M €	-17.7%	5,4 M €	-50.5%	10,8 M €	-49.7%	21,5 M €	-12.6%	24,7 M €
Other
Workforce	3,6 ETP	+16.1%	3,1 ETP	-3.1%	3,2 ETP	-3.0%	3,3 ETP	+32.0%	2,5 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

2 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Rushin Haresh Choksi	Managersince 01/09/2011
MIHIR DILIPKUMAR MEHTA	Manager

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MANOJ KUMAR RASIKLAL MEHTA	Manager2007 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
AJARI GEMS● Active	0461.487.891
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

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	23/06/2026	25/06/2025	18/07/2024	22/06/2023	11/07/2022	17/06/2021
General meeting	19/06/2026	20/06/2025	08/07/2024	14/06/2023	24/06/2022	14/06/2021
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	19/06/2026	23/06/2026	Dutch	PDF
Full model	31/12/2024	20/06/2025	25/06/2025	Dutch	PDF
Full model	31/12/2023	08/07/2024	18/07/2024	Dutch	PDF
Full model	31/12/2022	14/06/2023	22/06/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	11/07/2022	Dutch	PDF
Full model	31/12/2020	14/06/2021	17/06/2021	Dutch	PDF
Full model	31/12/2019	24/06/2020	07/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	23/07/2019	Dutch	PDF
Full model	31/12/2017	14/06/2018	15/06/2018	Dutch	PDF
Full model	31/12/2016	14/06/2017	15/06/2017	Dutch	PDF
Full model	31/12/2015	14/06/2016	20/06/2016	Dutch	PDF
Full model	31/12/2014	15/06/2015	01/07/2015	Dutch	PDF
Full model	31/12/2013	30/04/2014	06/05/2014	Dutch	PDF
Full model	31/12/2012	14/06/2013	27/06/2013	Dutch	PDF
Full model	31/12/2011	14/06/2012	27/07/2012	Dutch	PDF
Full model	31/12/2010	15/07/2011	28/07/2011	Dutch	PDF
Full model	31/12/2009	18/05/2010	18/05/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	10/07/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	20/03/2009	Dutch	PDF
Abridged model	31/12/2006	14/06/2007	24/12/2007	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

2 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Rushin Haresh Choksi	Managersince 01/09/2011
MIHIR DILIPKUMAR MEHTA	Manager

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MANOJ KUMAR RASIKLAL MEHTA	Manager2007 accounts

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates15/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring14/12/2023
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring07/07/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office08/03/2023
MAATSCHAPPELIJKE ZETEL - DIVERSEN
PDF
Registered office26/01/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates22/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/12/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Other15/12/2021
DIVERSEN
PDF

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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

Filings18 filings

Mandates

Rushin Haresh Choksi

MIHIR DILIPKUMAR MEHTA

MANOJ KUMAR RASIKLAL MEHTA

19981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

D. NAVINCHANDRA GEMSDIANCO STAR

Hoveniersstraat 30 bte 161, 2018 Antwerp-2018

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Hoveniersstraat 30 bte 161, 2018 Antwerp-2018Current	accounts 2022 → 2025	Accounts 2025 · 2026-00194155
HOVENIERSSTRAAT 2 bte 136, 2018 Antwerp-2018	accounts 2021	Accounts 2021 · 2022-20175029

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
D. NAVINCHANDRA GEMSCurrent	accounts 2010 → 2025	Accounts 2025 · 2026-00194155
DIANCO STAR	accounts 2008 → 2009	Accounts 2009 · 2010-12300127
INTER JEWELS	accounts 2007	Accounts 2007 · 2009-08400066

Events

2025
Annual accounts 2025-13,8 M €↓
01/01/2025
reconductionFigurad Bedrijfsrevisoren · commissaris
2024
Annual accounts 20247,2 M €↓
01/01/2023
apport
2022
Annual accounts 202210,2 M €↑
01/01/2022
reconductionFigurad Bedrijfsrevisoren · commissaris
2021
Annual accounts 20216,1 M €↑
2020
Annual accounts 20201 M €↓
2019
Annual accounts 20191,3 M €↓
2018
Annual accounts 20181,6 M €↓
2017
Annual accounts 20172,2 M €↑
2016
Annual accounts 20161,6 M €↑
2015
Annual accounts 201587,5 k €↓
2014
Annual accounts 201490,7 k €↑
2013
Annual accounts 201372,8 k €↑
2012
Annual accounts 201263 k €↓
2011
Annual accounts 201187,2 k €↑
2010
Annual accounts 201061,5 k €↑
2010
Name changeD. NAVINCHANDRA GEMS
2009
Annual accounts 200929,1 k €↑
2008
Annual accounts 20083,6 k €↑
2008
Name changeDIANCO STAR
2007
Annual accounts 2007-5,5 k €
12/02/1998
IncorporationPrivate limited company

D. NAVINCHANDRA 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