Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SWATI GEMS from Antwerpen, company number BE0433686802, closed financial year 2025 with a result of € -86,747 after tax. For that financial year SWATI GEMS recorded a gross margin of € -160,738 and equity of € 5.9 million. Compared with financial year 2024, the result moved from € -241,393 to € -86,747. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 30, 2025.
€ 5.9 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -86,747
▲ 64 % less loss than in 2024
Profit after tax over the fiscal year.
€ 910,249
▲ 44% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 5.6 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 140,655
▼ 84% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,500
▼ 10% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,463,942 | € 680,652 | € -213,302 | € -160,738 | ▲ € 52,564 |
| Profit after taxes | € 1,447,324 | € 657,936 | € -241,393 | € -86,747 | ▲ € 154,647 |
| Equity | € 5,589,490 | € 6,247,426 | € 6,006,033 | € 5,919,286 | ▼ 1% |
| Total debts | € 2,504,606 | € 2,654,381 | € 2,586,812 | € 2,361,108 | ▼ 9% |
| Cash | € 3,523,198 | € 3,058,178 | € 632,789 | € 910,249 | ▲ 44% |
| Land & buildings | € 34,280 | € 31,734 | € 29,188 | € 26,643 | ▼ 9% |
| Retained profit | € 5,271,319 | € 5,929,255 | € 5,687,862 | € 5,601,115 | ▼ 2% |
| Balance sheet total | € 8,094,096 | € 8,901,807 | € 8,592,845 | € 8,280,394 | ▼ 4% |
Key figures of SWATI GEMS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2026 has not been filed yet; it was expected before 31 October 2026.
What happened to SWATI GEMS?
What happened at SWATI 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 € 86,747. Source: NBB ↗
- Siddharth Choksi became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.4 million profit in 2022 to € 86,747 loss in 2025.
Paid € 52,797 in corporate taxes since 2022.
Best year ever: 2022, with € 1.4 million profit.
Management
Behind SWATI GEMS are Shashin Choksi and Siddharth Choksi.
Directors
According to the 2025 annual accounts
Shashin Choksi
Director
Siddharth Choksi
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Schupstraat 1 box 24
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
All companies at this address →Kimberley House
Lerimo
PASHA HANDELSKANTOOR
BELGAMER INVESTMENTS
€ 35,269 gross margin · 2025
AZAR ANTWERP
€ -129,035 gross margin · 2025
+14 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0433.686.802
- VAT number
- BE 0433.686.802
- Registered office
- Schupstraat 1 bus 24, 2018 Antwerpen
- Names & denominations
- SWATI GEMS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 March 1988
- Peppol
- Active · Active since 26 Nov 2025
- Activities · NACE
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