ACTIVE

GHEMA

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Financial year 2025 · closed on 30/06/2025

Net result

250,4 k €

-44.5% YoY

Gross margin

195,8 k €

-33.5% YoY

Equity

2,1 M €

+5.4% YoY

What does GHEMA do?

GHEMA is a Private limited company incorporated in 2001. Its main activity is: Activities of holding companies. Its registered office is in Ieper.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.244.768

Incorporation

27/07/2001

Legal form

Private limited company

Registered office

Ter Olmen 16
8900 Ieper · FlandreSee on map

Contributed capital

223 000,00 €

Latest accounts

30/06/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 74203Photographic activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	195,8 k €	-33.5%	294,5 k €	+8.6%	271,2 k €	-7.4%	293 k €	+11.9%	261,9 k €	+5.2%	248,9 k €	-21.7%	317,7 k €	+69.2%	187,7 k €	+52.4%	123,2 k €	-43.3%	217,3 k €	+3.6%	209,8 k €	+9.4%	191,8 k €	+72.5%	111,2 k €	-24.9%	148 k €	+74.2%	85 k €	+3.4%	82,1 k €	+13.7%	72,2 k €	-15.6%	85,5 k €	-3.3%	88,5 k €
EBITDA	193,2 k €	-33.8%	291,7 k €	+8.5%	268,9 k €	-6.9%	288,7 k €	+11.7%	258,6 k €	+5.3%	245,5 k €	-21.9%	314,2 k €	+70.9%	183,8 k €	+54.3%	119,2 k €	-44.1%	213,1 k €	+3.0%	206,9 k €	+9.1%	189,5 k €	+75.1%	108,2 k €	-24.3%	142,9 k €	+74.5%	81,9 k €	+4.8%	78,1 k €	+10.5%	70,7 k €	-14.6%	82,7 k €	-2.9%	85,2 k €
Operating result	170,3 k €	-36.3%	267,2 k €	+9.3%	244,4 k €	-7.4%	264 k €	+28.3%	205,8 k €	+1.1%	203,6 k €	-25.6%	273,8 k €	+90.6%	143,7 k €	+82.8%	78,6 k €	-51.9%	163,4 k €	+4.9%	155,7 k €	+13.5%	137,2 k €	+144%	56,3 k €	-38.4%	91,4 k €	+56.2%	58,5 k €	+9.0%	53,7 k €	+22.0%	44 k €	-18.3%	53,8 k €	-8.2%	58,6 k €
Net result	250,4 k €	-44.5%	451,5 k €	+177%	162,8 k €	-5.5%	172,2 k €	+39.3%	123,7 k €	-79.8%	610,8 k €	+313%	148,1 k €	+111%	70,2 k €	+289%	18,1 k €	-78.2%	82,9 k €	+27.9%	64,8 k €	-58.2%	155,1 k €	+4141%	3,7 k €	-92.2%	47 k €	+146%	19,1 k €	-8.6%	20,9 k €	-71.9%	74,3 k €	+246%	21,5 k €	-65.1%	61,5 k €
Balance sheet
Equity	2,1 M €	+5.4%	2 M €	+16.6%	1,7 M €	+1.8%	1,7 M €	+11.2%	1,5 M €	-8.0%	1,7 M €	+57.7%	1,1 M €	+16.2%	910,7 k €	+8.3%	841,1 k €	+2.2%	823,1 k €	+11.2%	740,2 k €	+9.6%	675,4 k €	+23.1%	548,8 k €	+0.7%	545,1 k €	+9.4%	498,1 k €	-24.3%	657,9 k €	+3.3%	637 k €	+13.2%	562,6 k €	+4.0%	541,2 k €
Total assets	2,3 M €	+0.5%	2,3 M €	+12.8%	2,1 M €	-0.6%	2,1 M €	+1.2%	2 M €	-9.4%	2,3 M €	+7.3%	2,1 M €	-0.7%	2,1 M €	+20.4%	1,8 M €	-2.1%	1,8 M €	+19.6%	1,5 M €	-3.7%	1,6 M €	+2.2%	1,5 M €	+43.4%	1,1 M €	-7.4%	1,2 M €	+4.6%	1,1 M €	+12.4%	978,8 k €	+8.9%	899,1 k €	+2.3%	878,8 k €
Cash	458 k €	+16.0%	394,9 k €	+277%	104,7 k €	-12.9%	120,3 k €	+118%	55,2 k €	-73.2%	206,3 k €	+747%	24,3 k €	-72.3%	88 k €	+919%	8,6 k €	-62.3%	22,9 k €	+242%	6,7 k €	-68.5%	21,3 k €	-18.5%	26,1 k €	+310%	6,4 k €	-98.4%	410,9 k €	+124%	183,3 k €	-8.3%	199,9 k €	+568%	29,9 k €	-57.5%	70,5 k €
Debts	195,2 k €	-33.0%	291,2 k €	-8.6%	318,6 k €	-12.1%	362,4 k €	-28.9%	509,6 k €	-13.2%	587,4 k €	-43.7%	1 M €	-13.3%	1,2 M €	+32.3%	910,3 k €	-5.8%	966 k €	+31.8%	732,7 k €	-17.0%	882,4 k €	-9.7%	977,4 k €	+88.8%	517,6 k €	-20.5%	651,1 k €	+47.7%	440,8 k €	+29.2%	341,1 k €	+1.7%	335,3 k €	-0.4%	336,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 1 ended

Active mandates

Luk Ghekiere

Director

Active

Ended mandates

Luc Ghekiere

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
MINERVA● Active	0725.477.054

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/01/2026	30/01/2025	30/01/2024	21/12/2022	27/01/2022	28/01/2021
General meeting	19/12/2025	20/12/2024	31/12/2023	16/12/2022	18/01/2022	31/12/2020
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

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	19/12/2025	28/01/2026	Dutch	PDF
Micro model	30/06/2024	20/12/2024	30/01/2025	Dutch	PDF
Micro model	30/06/2023	31/12/2023	30/01/2024	Dutch	PDF
Micro model	30/06/2022	16/12/2022	21/12/2022	Dutch	PDF
Micro model	30/06/2021	18/01/2022	27/01/2022	Dutch	PDF
Micro model	30/06/2020	31/12/2020	28/01/2021	Dutch	PDF
Micro model	30/06/2019	20/12/2019	13/01/2020	Dutch	PDF
Micro model	30/06/2018	19/12/2018	15/01/2019	Dutch	PDF
Micro model	30/06/2017	06/12/2017	22/12/2017	Dutch	PDF
Abridged model	30/06/2016	16/12/2016	23/12/2016	Dutch	PDF
Abridged model	30/06/2015	18/12/2015	24/12/2015	Dutch	PDF
Abridged model	30/06/2014	19/12/2014	14/01/2015	Dutch	PDF
Abridged model	30/06/2013	21/12/2013	24/01/2014	Dutch	PDF
Abridged model	30/06/2012	21/12/2012	27/12/2012	Dutch	PDF
Abridged model	30/06/2011	16/12/2011	28/12/2011	Dutch	PDF
Abridged model	30/06/2010	17/12/2010	13/01/2011	Dutch	PDF
Abridged model	30/06/2009	19/12/2009	15/01/2010	Dutch	PDF
Abridged model	30/06/2008	19/12/2008	22/12/2008	Dutch	PDF
Abridged model	30/06/2007	21/12/2007	24/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 1 ended

Active mandates

Luk Ghekiere

Director

Active

Ended mandates

Luc Ghekiere

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/10/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares02/04/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025250,4 k €↓
2024
Annual accounts 2024451,5 k €↑
2023
Annual accounts 2023162,8 k €↓
2022
Annual accounts 2022172,2 k €↑
2021
Annual accounts 2021123,7 k €↓
2020
Annual accounts 2020610,8 k €↑
2019
Annual accounts 2019148,1 k €↑
2018
Annual accounts 201870,2 k €↑
2017
Annual accounts 201718,1 k €↓
2016
Annual accounts 201682,9 k €↑
2015
Annual accounts 201564,8 k €↓
2014
Annual accounts 2014155,1 k €↑
2013
Annual accounts 20133,7 k €↓
2012
Annual accounts 201247 k €↑
2011
Annual accounts 201119,1 k €↓
2010
Annual accounts 201020,9 k €↓
2009
Annual accounts 200974,3 k €↑
2008
Annual accounts 200821,5 k €↓
2007
Annual accounts 200761,5 k €
27/07/2001
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

GHEMA

Overview

What does GHEMA do?

Trend over 19 financial years

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