ACTIVE

SHIVAY GEMS

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Financial year 2025 · closed on 31/12/2025

Net result

-294 k €

-286.4% YoY

Gross margin

-256,8 k €

Equity

2,4 M €

-11.1% YoY

What does SHIVAY GEMS do?

SHIVAY GEMS is a Private limited company incorporated in 2003. Its main activity is: Wholesale of other intermediate products. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.938.733

Incorporation

01/12/2003

Legal form

Private limited company

Registered office

Hoveniersstraat 30 box 260
2018 Antwerpen · FlandreSee on map

Contributed capital

555 379,79 €

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)

Signals

Solid equityLow riskGood liquidity

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	-256,8 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		89 k €	-28.6%	124,7 k €	+668%	16,2 k €
EBITDA	-261,3 k €	-235%	193,6 k €	-70.5%	656,6 k €	+7.5%	610,6 k €	+213%	195,2 k €	+113%	91,9 k €	-55.1%	204,7 k €	-33.7%	308,9 k €	+7.2%	288 k €	-45.2%	525,4 k €	+167%	196,7 k €	+5.6%	186,3 k €	+131%	80,8 k €	-58.1%	192,9 k €	-7.8%	209,1 k €	+47.5%	141,7 k €	+61.8%	87,6 k €	-29.1%	123,5 k €	+697%	15,5 k €
Operating result	-280,4 k €	-254%	181,7 k €	-71.8%	644,6 k €	+7.3%	600,6 k €	+215%	190,4 k €	+115%	88,5 k €	-54.3%	193,7 k €	-35.0%	298,2 k €	+7.5%	277,3 k €	-46.1%	515 k €	+173%	188,6 k €	+2.4%	184,3 k €	+136%	78,2 k €	-59.0%	190,8 k €	-8.4%	208,3 k €	+47.2%	141,5 k €	+63.4%	86,6 k €	-29.3%	122,5 k €	+739%	14,6 k €
Net result	-294 k €	-286%	157,7 k €	-66.5%	470,8 k €	+7.2%	439 k €	+1321%	30,9 k €	+775%	3,5 k €	-91.2%	40 k €	-77.5%	178 k €	+31.0%	135,8 k €	-60.2%	341,2 k €	+552%	52,3 k €	+3.6%	50,5 k €	+52.9%	33 k €	+20.4%	27,4 k €	-37.1%	43,6 k €	+50.3%	29 k €	-18.5%	35,6 k €	-1.9%	36,3 k €	+8463%	-433,6 €
Balance sheet
Equity	2,4 M €	-11.1%	2,7 M €	+6.3%	2,5 M €	+23.2%	2 M €	+27.6%	1,6 M €	+2.0%	1,6 M €	+0.2%	1,6 M €	+2.6%	1,5 M €	+13.3%	1,3 M €	+11.3%	1,2 M €	+39.7%	859,5 k €	+6.5%	807,2 k €	+76.7%	456,7 k €	+7.8%	423,7 k €	+166%	159,5 k €	+37.6%	115,9 k €	+33.3%	86,9 k €	+69.3%	51,4 k €	+240%	15,1 k €
Total assets	2,8 M €	-31.9%	4,1 M €	-17.2%	5 M €	-15.9%	6 M €	-14.1%	6,9 M €	-21.6%	8,8 M €	+26.1%	7 M €	-4.6%	7,4 M €	+3.4%	7,1 M €	+7.0%	6,6 M €	+43.2%	4,6 M €	+8.0%	4,3 M €	+2.7%	4,2 M €	+32.4%	3,2 M €	-59.6%	7,8 M €	+16.5%	6,7 M €	+70.9%	3,9 M €	+21.9%	3,2 M €	+187%	1,1 M €
Cash	110,5 k €	-90.3%	1,1 M €	+571%	169,7 k €	+3.1%	164,5 k €	-92.1%	2,1 M €	+146%	845 k €	+572%	125,8 k €	+31.9%	95,4 k €	+21.9%	78,3 k €	+34.9%	58 k €	+65.0%	35,2 k €	+19.4%	29,4 k €	-93.9%	484,5 k €	-26.8%	661,8 k €	+33.2%	497 k €	+92.6%	258,1 k €	+75.9%	146,7 k €	+882%	14,9 k €	-95.3%	316 k €
Debts	461,2 k €	-69.1%	1,5 M €	-40.5%	2,5 M €	-36.0%	3,9 M €	-26.5%	5,3 M €	-26.7%	7,3 M €	+33.4%	5,5 M €	-6.5%	5,8 M €	+1.1%	5,8 M €	+6.1%	5,4 M €	+44.1%	3,8 M €	+8.4%	3,5 M €	-6.4%	3,7 M €	+36.2%	2,7 M €	-64.3%	7,7 M €	+16.1%	6,6 M €	+71.7%	3,8 M €	+21.1%	3,2 M €	+187%	1,1 M €
Other
Workforce	–		0,1 ETP	-50.0%	0,2 ETP	0.0%	0,2 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

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

Active mandates

Kirankumar Govindbhai Khadsaliya

Director · since 01 avril 2021

Active

Girishkumar Harilal Patel

Director · since 01 octobre 2009

Active

Ended mandates

Girishkumar Harilal Patel

Manager · since 01 octobre 2009

Ended

D-GOLDI

Manager · 0458.259.771

Represented by DINESH VASARAMBHAI NAROLA

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged 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	29/07/2026	23/07/2025	15/07/2024	28/06/2023	23/06/2022	20/09/2021
General meeting	21/06/2026	18/07/2025	21/06/2024	21/06/2023	21/06/2022	21/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	21/06/2026	29/07/2026	Dutch	PDF
Full model	31/12/2024	18/07/2025	23/07/2025	Dutch	PDF
Full model	31/12/2023	21/06/2024	15/07/2024	Dutch	PDF
Full model	31/12/2022	21/06/2023	28/06/2023	Dutch	PDF
Full model	31/12/2021	21/06/2022	23/06/2022	Dutch	PDF
Full modelCorrection	31/12/2020	21/06/2021	20/09/2021	Dutch	PDF
Full model	31/12/2020	21/06/2021	23/06/2021	Dutch	PDF
Full model	31/12/2019	22/06/2020	24/06/2020	Dutch	PDF
Full model	31/12/2018	21/06/2019	26/06/2019	Dutch	PDF
Full model	31/12/2017	21/06/2018	22/06/2018	Dutch	PDF
Full model	31/12/2016	21/06/2017	22/06/2017	Dutch	PDF
Full model	31/12/2015	21/06/2016	22/06/2016	Dutch	PDF
Full model	31/12/2014	06/05/2015	07/05/2015	Dutch	PDF
Full model	31/12/2013	05/05/2014	06/05/2014	Dutch	PDF
Full model	31/12/2012	21/06/2013	25/06/2013	Dutch	PDF
Full model	31/12/2011	21/06/2012	19/07/2012	Dutch	PDF
Full model	31/12/2010	21/06/2011	27/07/2011	Dutch	PDF
Abridged model	31/12/2009	21/06/2010	13/07/2010	Dutch	PDF
Abridged model	31/12/2008	22/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	21/06/2008	30/08/2008	Dutch	PDF
Abridged model	31/12/2006	21/06/2007	02/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 2 ended

Active mandates

Kirankumar Govindbhai Khadsaliya

Director · since 01 avril 2021

Active

Girishkumar Harilal Patel

Director · since 01 octobre 2009

Active

Ended mandates

Girishkumar Harilal Patel

Manager · since 01 octobre 2009

Ended

D-GOLDI

Manager · 0458.259.771

Represented by DINESH VASARAMBHAI NAROLA

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/05/2023
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/12/2016
ONTSLAGEN - BENOEMINGEN
PDF
Other09/05/2014
DIVERSEN
PDF
Capital / shares24/03/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates31/12/2013
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 2025-294 k €↓
2024
Annual accounts 2024157,7 k €↓
2023
Annual accounts 2023470,8 k €↑
2022
Annual accounts 2022439 k €↑
2022
Name changeSHIVAY GEMS
2021
Annual accounts 202130,9 k €↑
2020
Annual accounts 20203,5 k €↓
2019
Annual accounts 201940 k €↓
2018
Annual accounts 2018178 k €↑
2017
Annual accounts 2017135,8 k €↓
2016
Annual accounts 2016341,2 k €↑
2015
Annual accounts 201552,3 k €↑
2014
Annual accounts 201450,5 k €↑
2013
Annual accounts 201333 k €↑
2012
Annual accounts 201227,4 k €↓
2011
Annual accounts 201143,6 k €↑
2010
Annual accounts 201029 k €↓
2009
Annual accounts 200935,6 k €↓
2008
Annual accounts 200836,3 k €↑
2007
Annual accounts 2007-433,6 €
2007
Name changeJEWEL GOLDI
01/12/2003
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

SHIVAY GEMS

Overview

What does SHIVAY 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