NORMAL SITUATION

GEMTECH

Financial year 2025 · closed on 31/12/2025
Net result
-34,4 k €
-164.3% YoY
Gross margin
-27,5 k €
-194.5% YoY
Equity
1,2 M €
-2.8% YoY

Company — Normal situation.

What does GEMTECH do?

GEMTECH is a company registered in Belgium.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0844.855.152
Legal form
Private limited company
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Joint committees (3)
  • 200
  • 218
  • 324
Signals
Solid equityGood liquidity
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin-27,5 k €29,2 k €-19,5 k €95,2 k €60,4 k €-96,6 k €36,4 k €614,7 k €859,6 k €833,3 k €1,8 M €1,9 M €1,5 M €465,1 k €
EBITDA-28,1 k €27,6 k €-22,6 k €93,8 k €59,0 k €-101,5 k €38,9 k €153,8 k €113,3 k €98,5 k €631,8 k €708,1 k €192,9 k €124,4 k €
Operating result-28,1 k €23,7 k €-27,7 k €87,9 k €53,7 k €-106,5 k €33,3 k €145,8 k €105,2 k €89,9 k €623,6 k €701,4 k €190,3 k €124,0 k €
Net result-34,4 k €53,5 k €-17,8 k €62,7 k €60,2 k €-103,1 k €24,7 k €130,6 k €61,5 k €53,0 k €314,8 k €529,3 k €115,4 k €80,7 k €
Balance sheet
Equity1,2 M €1,2 M €1,2 M €1,2 M €1,1 M €1,1 M €1,2 M €1,2 M €1,0 M €978,5 k €925,5 k €610,7 k €214,8 k €99,3 k €
Total assets1,2 M €1,4 M €1,2 M €1,2 M €1,1 M €1,1 M €1,3 M €1,4 M €1,2 M €1,1 M €4,7 M €1,1 M €529,4 k €224,7 k €
Cash320,8 k €700,7 k €731,8 k €803,9 k €730,3 k €785,3 k €978,6 k €1,0 M €767,1 k €888,8 k €912,2 k €869,5 k €399,8 k €169,0 k €
Debts5,3 k €214,5 k €32,7 k €24,7 k €26,5 k €8,8 k €92,6 k €234,9 k €180,4 k €151,3 k €3,8 M €451,9 k €314,7 k €124,8 k €
Other
Workforce0,1 ETP3,6 ETP10,1 ETP10,3 ETP11,6 ETP13,8 ETP15,8 ETP4,8 ETP
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

SEAN FURCAGE

Director · since 01 juillet 2024

Active
Wendy Toon D Krochmal

Director · since 01 avril 2012

Active

Ended mandates

WENDY TOON KROCHMAL

Director · since 01 avril 2012

Ended
Philippe Eric Furcage

Director · since 30 mars 2012 · until 19 juin 2024

Ended
Philippe Eric Furcage

Director · since 30 mars 2012

Ended
Philippe Eric Furcage

Director

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date02/04/202618/07/202501/07/202428/07/202324/08/202229/07/2021
General meeting16/02/202623/06/202522/06/202422/06/202322/06/202222/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202516/02/202602/04/2026DutchPDF
Micro model31/12/202423/06/202518/07/2025DutchPDF
Micro model31/12/202322/06/202401/07/2024DutchPDF
Micro model31/12/202222/06/202328/07/2023DutchPDF
Micro model31/12/202122/06/202224/08/2022DutchPDF
Abridged model31/12/202022/06/202129/07/2021DutchPDF
Abridged model31/12/201922/06/202031/08/2020DutchPDF
Abridged model31/12/201822/06/201930/08/2019DutchPDF
Abridged model31/12/201722/06/201802/07/2018DutchPDF
Abridged model31/12/201622/06/201728/08/2017DutchPDF
Abridged model31/12/201522/06/201615/07/2016DutchPDF
Abridged model31/12/201422/06/201503/07/2015DutchPDF
Abridged model31/12/201323/06/201409/07/2014DutchPDF
Abridged model31/12/201222/06/201323/08/2013DutchPDF
Estimate

Indicative valuation

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 · 2 active · 9 ended

Active mandates

SEAN FURCAGE

Director · since 01 juillet 2024

Active
Wendy Toon D Krochmal

Director · since 01 avril 2012

Active

Ended mandates

WENDY TOON KROCHMAL

Director · since 01 avril 2012

Ended
Philippe Eric Furcage

Director · since 30 mars 2012 · until 19 juin 2024

Ended
Philippe Eric Furcage

Director · since 30 mars 2012

Ended
Philippe Eric Furcage

Director

Ended
Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-34,4 k €
  2. 2024
    Annual accounts 202453,5 k €
  3. 2023
    Annual accounts 2023-17,8 k €
  4. 2022
    Annual accounts 202262,7 k €
  5. 2021
    Annual accounts 202160,2 k €
  6. 2020
    Annual accounts 2020-103,1 k €
  7. 2019
    Annual accounts 201924,7 k €
  8. 2018
    Annual accounts 2018130,6 k €
  9. 2017
    Annual accounts 201761,5 k €
  10. 2016
    Annual accounts 201653,0 k €
  11. 2015
    Annual accounts 2015314,8 k €
  12. 2014
    Annual accounts 2014529,3 k €
  13. 2013
    Annual accounts 2013115,4 k €
  14. 2012
    Annual accounts 201280,7 k €