ACTIVE

MULTI GEMS

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Financial year 2025 · closed on 31/12/2025

Net result

-311,4 k €

-3436.2% YoY

Gross margin

-289,8 k €

-724.9% YoY

Equity

745 k €

-29.5% YoY

What does MULTI GEMS do?

MULTI GEMS is a Private limited company incorporated in 2002. Its main activity is: Wholesale of other intermediate products. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.670.263

Incorporation

31/05/2002

Legal form

Private limited company

Registered office

Hoveniersstraat 2 box 345
2018 Antwerpen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

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

Joint committees (2)

View the BCE/KBO Public Search record →

Health score

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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	-289,8 k €	-725%	46,4 k €	-51.9%	96,5 k €	-43.3%	170,2 k €	-14.7%	199,5 k €	+75.5%	113,7 k €	-32.1%	167,4 k €	+18.0%	141,9 k €	+40.5%	101 k €	-88.4%	867,8 k €	+1573%	51,9 k €	+655%	-9,3 k €	-150%	-3,7 k €	+88.7%	-33,1 k €	-515%	8 k €	-74.5%	31,3 k €	+101%	15,6 k €	+15.0%	13,5 k €	+14.3%	11,8 k €
EBITDA	-296,9 k €	-1139%	28,6 k €	+132%	-88,8 k €	-159%	151,6 k €	-21.1%	192,1 k €	+81.0%	106,1 k €	-27.3%	146,1 k €	+9.2%	133,7 k €	+37.7%	97,1 k €	-88.6%	855,3 k €	+1630%	49,4 k €	+549%	-11 k €	-109%	-5,3 k €	+85.0%	-35,2 k €	-677%	6,1 k €	-78.6%	28,5 k €	+99.0%	14,3 k €	+27.3%	11,2 k €	+13.0%	9,9 k €
Operating result	-307,4 k €	-1793%	18,2 k €	-69.3%	59,1 k €	-46.8%	111,1 k €	-35.6%	172,6 k €	+385%	35,6 k €	+31.7%	27 k €	-77.6%	120,9 k €	+29.8%	93,2 k €	-89.1%	853,3 k €	+1698%	47,5 k €	+465%	-13 k €	-77.1%	-7,3 k €	+80.5%	-37,6 k €	-1118%	3,7 k €	-85.9%	26,1 k €	+116%	12,1 k €	+34.4%	9 k €	+18.0%	7,6 k €
Net result	-311,4 k €	-3436%	9,3 k €	-74.2%	36,2 k €	-57.5%	85,1 k €	-41.3%	145 k €	+5443%	2,6 k €	+252%	-1,7 k €	-104%	46,6 k €	+93.6%	24,1 k €	-96.9%	770,9 k €	+1616%	44,9 k €	+433%	-13,5 k €	-61.7%	-8,3 k €	+76.8%	-36 k €	-1679%	2,3 k €	-86.0%	16,2 k €	+125%	7,2 k €	+35.1%	5,3 k €	+24.7%	4,3 k €
Balance sheet
Equity	745 k €	-29.5%	1,1 M €	-1.3%	1,1 M €	+0.8%	1,1 M €	+5.7%	1 M €	+13.2%	887,4 k €	+0.3%	884,8 k €	-0.2%	886,5 k €	+1.9%	869,9 k €	+2.8%	845,8 k €	+1029%	74,9 k €	+150%	30 k €	-31.0%	43,5 k €	-16.1%	51,8 k €	-41.0%	87,8 k €	+2.7%	85,5 k €	+23.4%	69,3 k €	+11.6%	62,1 k €	+9.4%	56,8 k €
Total assets	4,2 M €	-19.2%	5,1 M €	-4.5%	5,4 M €	-10.7%	6 M €	+28.1%	4,7 M €	+96.6%	2,4 M €	-52.3%	5 M €	+105%	2,5 M €	-12.3%	2,8 M €	+57.0%	1,8 M €	+99.0%	897,4 k €	+429%	169,8 k €	+0.1%	169,6 k €	-7.1%	182,7 k €	-14.1%	212,6 k €	-81.9%	1,2 M €	+16.4%	1 M €	-1.9%	1 M €	+22.0%	841,8 k €
Cash	504,7 k €	-61.9%	1,3 M €	-15.9%	1,6 M €	+9079%	17,2 k €	-98.1%	885,6 k €	+8.5%	815,8 k €	+40.2%	582,1 k €	+269%	157,9 k €	-64.5%	444,8 k €	+95.1%	228 k €	+84.4%	123,7 k €	+2986%	4 k €	+101%	2 k €	-2.2%	2 k €	-92.5%	27,1 k €	+15.0%	23,5 k €	-85.3%	160 k €	+159%	61,8 k €	-80.3%	313,5 k €
Debts	3,4 M €	-16.6%	4,1 M €	-5.3%	4,3 M €	-13.2%	5 M €	+34.2%	3,7 M €	+146%	1,5 M €	-63.6%	4,1 M €	+164%	1,6 M €	-18.8%	1,9 M €	+106%	939,1 k €	+14.2%	822,5 k €	+488%	139,8 k €	+10.8%	126,2 k €	-3.6%	130,8 k €	+4.8%	124,8 k €	-88.5%	1,1 M €	+15.9%	936,3 k €	-2.9%	963,9 k €	+22.8%	784,9 k €
Other
Workforce	–		0,1 ETP	-80.0%	0,5 ETP	0.0%	0,5 ETP		–		0,3 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Yash Pankaj Shah

Director · since 01 mai 2017

Active

Ended mandates

Yash Pankaj Shah

Manager · since 01 mai 2017

Ended

DEEPAK PATEL

Manager · since 27 août 2013

Ended

ASHWIN PREMJI MANIA

Manager

Ended

DEEPAK BABUBHAI JHAVERI

Manager

Ended

At this address

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ALON FRUCHTER A.L.D.● Active	0425.273.140
AMC● Active	0434.802.993
ANNA GEMS● Active	0425.436.951
ANPHILD● Active	0802.701.229
ANTWERP DIAMOND SALES● Active	0404.928.280
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ANTWERP MOUNTS● Active	0883.548.353

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	27/07/2026	16/07/2025	30/09/2024	24/07/2023	21/09/2022	24/06/2021
General meeting	22/06/2026	23/06/2025	20/09/2024	22/06/2023	22/06/2022	22/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	22/06/2026	27/07/2026	Dutch	PDF
Abridged model	31/12/2024	23/06/2025	16/07/2025	Dutch	PDF
Abridged model	31/12/2023	20/09/2024	30/09/2024	Dutch	PDF
Abridged model	31/12/2022	22/06/2023	24/07/2023	Dutch	PDF
Abridged model	31/12/2021	22/06/2022	21/09/2022	Dutch	PDF
Abridged model	31/12/2020	22/06/2021	24/06/2021	Dutch	PDF
Abridged model	31/12/2019	22/06/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	22/06/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	22/06/2018	20/08/2018	Dutch	PDF
Abridged model	31/12/2016	22/06/2017	29/09/2017	Dutch	PDF
Abridged model	31/12/2015	22/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	22/06/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	23/06/2014	15/09/2014	Dutch	PDF
Abridged model	31/12/2012	22/06/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	22/06/2012	25/07/2012	Dutch	PDF
Abridged model	31/12/2010	22/06/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	22/06/2010	29/09/2010	Dutch	PDF
Abridged model	31/12/2008	22/06/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	23/06/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	22/06/2007	02/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2025 · 1 active · 8 ended

Active mandates

Yash Pankaj Shah

Director · since 01 mai 2017

Active

Ended mandates

Yash Pankaj Shah

Manager · since 01 mai 2017

Ended

DEEPAK PATEL

Manager · since 27 août 2013

Ended

ASHWIN PREMJI MANIA

Manager

Ended

DEEPAK BABUBHAI JHAVERI

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/12/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office20/12/2018
BENAMING - MAATSCHAPPELIJKE ZETEL
PDF
Mandates08/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/09/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/11/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/04/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/06/2004
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/09/2003
ONTSLAGEN - BENOEMINGEN
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 2025-311,4 k €↓
2024
Annual accounts 20249,3 k €↓
2023
Annual accounts 202336,2 k €↓
2022
Annual accounts 202285,1 k €↓
2021
Annual accounts 2021145 k €↑
2020
Annual accounts 20202,6 k €↑
2019
Annual accounts 2019-1,7 k €↓
2018
Annual accounts 201846,6 k €↑
2018
Name changeMULTI GEMS
2017
Annual accounts 201724,1 k €↓
2016
Annual accounts 2016770,9 k €↑
2015
Annual accounts 201544,9 k €↑
2014
Annual accounts 2014-13,5 k €↓
2013
Annual accounts 2013-8,3 k €↑
2012
Annual accounts 2012-36 k €↓
2011
Annual accounts 20112,3 k €↓
2010
Annual accounts 201016,2 k €↑
2009
Annual accounts 20097,2 k €↑
2008
Annual accounts 20085,3 k €↑
2007
Annual accounts 20074,3 k €
2007
Name changeSUNSTAR
31/05/2002
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

MULTI GEMS

Overview

What does MULTI GEMS 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