Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SUGAM GEMS from Antwerpen, company number BE0425299072, closed financial year 2025 with a result of € -51 after tax. For that financial year SUGAM GEMS recorded a gross margin of € 115,879 and equity of € 27,171. Compared with financial year 2024, the result moved from € -1.7 million to € -51. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on November 24, 2025.
€ 27,171
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -51
▲ 100 % less loss than in 2024
Profit after tax over the fiscal year.
€ 58,836
▲ € 46,559 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2,382.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 176
▼ 99% vs 2024
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 11,694
▼ € 4.7 million vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 38,272
▼ 31% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 26,082,985 | € 19,292,057 | € 19,398,305 | - | |
| Gross margin | - | - | - | € 115,879 | |
| Profit after taxes | € 81,343 | € -919,248 | € -1,708,674 | € -51 | ▲ € 1.7 million |
| Equity | € 2,655,144 | € 1,735,895 | € 27,221 | € 27,171 | |
| Total debts | € 8,681,667 | € 9,313,107 | € 4,876,480 | € 51,148 | ▼ 99% |
| Cash | € 112,805 | € 79,517 | € 12,277 | € 58,836 | ▲ € 46,559 |
| Land & buildings | € 18,362 | € 18,362 | € 18,362 | - | |
| Retained profit | € 2,630,354 | € 1,711,106 | € 2,432 | € 2,382 | ▼ 2% |
| Bank debt | € 111,629 | € 90,358 | € 67,954 | € 0 | ▼ 100% |
| Balance sheet total | € 11,336,810 | € 11,049,002 | € 4,903,701 | € 78,319 | ▼ 98% |
| Employees (FTE) | 0.8 | 0.4 | 0.4 | - |
Key figures of SUGAM GEMS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to SUGAM GEMS?
What happened at SUGAM GEMS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 51. Source: NBB ↗
- Shamin Shah became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 81,343 profit in 2022 to € 51 loss in 2025.
Paid € 168,376 in corporate taxes since 2022.
Best year ever: 2022, with € 81,343 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Shamin Shah
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Hoveniersstraat 2 box 524
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →ANTWERPSCHE DIAMANTKRING
€ 152,703 gross margin · 2025
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€ -4,389 gross margin · 2025
FRAVEX
€ 33,969 gross margin · 2025
Diacem
€ 44,577 gross margin · 2025
DHV
€ 352,477 gross margin · 2025
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
AMAZON-02 - Amazon.com, Inc., US
DNS
GoDaddy DNS
Domain
Domain
sugamgems.com
Registered
2020-03-27
Registrar
GoDaddy.com, LLC
Expires
2030-03-27
Website info
Features
Security
Details
- Company number
- 0425.299.072
- VAT number
- BE 0425.299.072
- Registered office
- Hoveniersstraat 2 bus 524, 2018 Antwerpen
- Names & denominations
- SUGAM GEMS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 December 1983
- Peppol
- Active · Active since 5 Feb 2026
- Contact
- sugamgems.com
- Activities · NACE
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