ACTIVE

GEM AEROSPACE

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Financial year 2025 · closed on 30/06/2025

Net result

264,5 k €

+32.7% YoY

Gross margin

395,8 k €

+34.6% YoY

Equity

1,5 M €

+16.2% YoY

Workforce

0,3 ETP

What does GEM AEROSPACE do?

GEM AEROSPACE is a Private limited company incorporated in 2012. Its main activity is: Activities of employment placement agencies. Its registered office is in Ixelles. It employs on average 0,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0843.699.466

Incorporation

15/02/2012

Legal form

Private limited company

Registered office

Rue Américaine 62
1050 Ixelles · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Average workforce

0,3 ETP

Activities (NACE)

78100Activities of employment placement agencies· main 78200Temporary employment agency activities 78300Other human resources provision

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	395,8 k €	+34.6%	294,1 k €	+16.9%	251,7 k €	+3.5%	243,1 k €	-2.8%	250 k €	+26.7%	197,3 k €	-52.7%	417,3 k €	-8.6%	456,7 k €	+31.0%	348,6 k €	+86.6%	186,8 k €	+14.6%	162,9 k €	-23.8%	213,7 k €
EBITDA	371,1 k €	+26.4%	293,7 k €	+16.7%	251,7 k €	+3.7%	242,8 k €	-2.8%	249,7 k €	+27.8%	195,3 k €	-53.2%	417,2 k €	-8.6%	456,4 k €	+31.0%	348,3 k €	+88.7%	184,6 k €	+17.2%	157,5 k €	-25.8%	212,3 k €
Operating result	355,6 k €	+24.4%	285,8 k €	+16.6%	245,1 k €	+3.5%	236,7 k €	-3.0%	244 k €	+28.7%	189,6 k €	-53.8%	410,3 k €	-9.7%	454,5 k €	+31.3%	346,2 k €	+89.2%	183 k €	+17.5%	155,7 k €	-26.4%	211,5 k €
Net result	264,5 k €	+32.7%	199,3 k €	+16.3%	171,4 k €	-3.7%	178 k €	-0.7%	179,3 k €	+41.1%	127,1 k €	-60.8%	324,5 k €	+22.9%	264 k €	+33.0%	198,6 k €	+38.7%	143,1 k €	+48.6%	96,3 k €	-48.3%	186,2 k €
Balance sheet
Equity	1,5 M €	+16.2%	1,3 M €	+7.8%	1,2 M €	-1.8%	1,2 M €	-3.7%	1,2 M €	+17.1%	1 M €	+13.8%	920,8 k €	+28.5%	716,3 k €	+58.4%	452,3 k €	+78.3%	253,7 k €	+129%	110,6 k €	+3.6%	106,7 k €
Total assets	1,7 M €	+13.2%	1,5 M €	+6.0%	1,4 M €	-13.0%	1,6 M €	+3.8%	1,6 M €	+3.4%	1,5 M €	+2.5%	1,5 M €	+9.0%	1,3 M €	+43.7%	937,1 k €	+86.8%	501,8 k €	-6.5%	536,7 k €	+28.7%	417,2 k €
Cash	1,2 M €	+21.4%	984,8 k €	-7.0%	1,1 M €	+44.4%	733,3 k €	-41.6%	1,3 M €	+11.8%	1,1 M €	+23.2%	911,7 k €	+119%	417 k €	+22.9%	339,2 k €	+54.6%	219,4 k €	-2.8%	225,7 k €	-25.0%	301,1 k €
Debts	231,4 k €	-2.3%	236,9 k €	+3.7%	228,5 k €	-43.1%	401,8 k €	+29.3%	310,6 k €	-28.9%	436,8 k €	-13.8%	506,5 k €	-12.6%	579,5 k €	+19.5%	484,8 k €	+95.7%	247,7 k €	-41.9%	426,2 k €	+37.3%	310,4 k €
Other
Workforce	0,3 ETP		–		–		–		–		–		–		–		–		–		1,5 ETP	+200%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 2 ended

Active mandates

Michael MORRICA

Director

Active

Ended mandates

Michael MORRICA

Manager · since 09 février 2012

Ended

Michael MORRICA

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Association des copropriétaires de l'immeuble sis à Ixelles, rue Américaine 62● Active	0826.095.847

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	01/07/2024	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	29/01/2026	28/02/2025	28/05/2024	27/02/2023	28/02/2022	28/02/2021
General meeting	28/01/2026	26/02/2025	28/02/2024	26/12/2022	28/01/2022	29/01/2021
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	28/01/2026	29/01/2026	French	PDF
Abridged model	30/06/2024	26/02/2025	28/02/2025	French	PDF
Abridged model	30/06/2023	28/02/2024	28/05/2024	French	PDF
Abridged model	30/06/2022	26/12/2022	27/02/2023	French	PDF
Abridged model	30/06/2021	28/01/2022	28/02/2022	French	PDF
Abridged model	30/06/2020	29/01/2021	28/02/2021	French	PDF
Abridged model	30/06/2019	30/12/2019	25/03/2020	French	PDF
Abridged model	30/06/2018	31/12/2018	27/02/2019	French	PDF
Abridged model	30/06/2017	26/12/2017	22/02/2018	French	PDF
Abridged model	30/06/2016	26/12/2016	27/02/2017	French	PDF
Abridged model	30/06/2015	28/12/2015	29/02/2016	French	PDF
Abridged model	30/06/2014	31/12/2014	24/02/2015	French	PDF
Abridged model	30/06/2013	01/10/2013	03/11/2014	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 2 ended

Active mandates

Michael MORRICA

Director

Active

Ended mandates

Michael MORRICA

Manager · since 09 février 2012

Ended

Michael MORRICA

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Registered office06/11/2015
SIEGE SOCIAL
PDF
Registered office03/09/2013
SIEGE SOCIAL
PDF
Mandates10/05/2012
ADRESSE AUTRE QUE SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Other17/02/2012
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025264,5 k €↑
2024
Annual accounts 2024199,3 k €↑
2023
Annual accounts 2023171,4 k €↓
2022
Annual accounts 2022178 k €↓
2021
Annual accounts 2021179,3 k €↑
2020
Annual accounts 2020127,1 k €↓
2019
Annual accounts 2019324,5 k €↑
2018
Annual accounts 2018264 k €↑
2017
Annual accounts 2017198,6 k €↑
2016
Annual accounts 2016143,1 k €↑
2015
Annual accounts 201596,3 k €↓
2014
Annual accounts 2014186,2 k €
15/02/2012
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

GEM AEROSPACE

Overview

What does GEM AEROSPACE do?

Trend over 12 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